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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18966. (Read 26609134 times)

sr. member
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Saw this link on /r/bitcoin, interesting stuff.

http://meaningness.com/metablog/geeks-mops-sociopaths

Completely irrelevent for Bitcoin though, since the entire purpose of a currency is to become a monopoly, a consensus mechanism for exchange.  The less of a monopoly it has, the less useful it is.  Your link argues popularity weakens the idea, so the article is inverse to how Bitcoin actually works.  Don't try and conflate grunge music and economics.  People like money to be as boring and predictable as possible, not "cool".  Just like when you open your refrigerator, you don't want to have to guess what's edible or not.  That's definitely not cool.

I don't think the link argues popularity weakens the idea, it is more subtle about the dynamics.  And I think its more about the impact on the creators / fanatics (ie developers) than just the overall network.

For example, in the mop phase, there are these comments:

Quote
Also, the mops also seem increasingly entitled, treating the fanatics as service workers.
Fanatics may be generous, but they signed up to support geeks, not mops. At this point, they may all quit, and the subculture collapses.

It then notes that to avoid this outcome, you need the sociopaths to take it to the next level, monetize the mops, and ultimately take control. 

I definitely see parallels to the debate over the blocksize limit.  There are clearly developers who are frustrated with what they see as demands from "reddit" that the changes should be made quicker than they are comfortable with.

And I think both extreme sides of the blockchain size debate have their own theories on who the "sociopaths" are that are trying to take control (big blockers and their conspiracy theories about blockstream, and maybe small blockers to a lesser extent when they get frustrated at people like Brian Armstrong demanding bigger blocks while his firm doesn't do much if any core development, or optimize its transaction to limit bloat.)
full member
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... the entire purpose of a currency is to become a monopoly, a consensus mechanism for exchange.  The less of a monopoly it has, the less useful it is. ...

Bitcoin:                                        ~99.9999999% short of monopoly.
Calculated (theoretical) Usefulness: Useless.
Actual Usefulness:                         Scientists working with CERN’s Large Hadron Collider, a 17-mile subterranean loop that smashes particles at nearly the speed of light, are yet to confirm a single instance of  "Bitcoin Usefulness Event."
legendary
Activity: 1260
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Saw this link on /r/bitcoin, interesting stuff.

http://meaningness.com/metablog/geeks-mops-sociopaths

Completely irrelevent for Bitcoin though, since the entire purpose of a currency is to become a monopoly, a consensus mechanism for exchange.  The less of a monopoly it has, the less useful it is.  Your link argues popularity weakens the idea, so the article is inverse to how Bitcoin actually works.  Don't try and conflate grunge music and economics.  People like money to be as boring and predictable as possible, not "cool".  Just like when you open your refrigerator, you don't want to have to guess what's edible or not.  That's definitely not cool.
legendary
Activity: 896
Merit: 1001
Saw this link on /r/bitcoin, interesting stuff.

http://meaningness.com/metablog/geeks-mops-sociopaths

I just logged on to these forums for the first time in like a year today, wondering if the whole thing had been taken over by all the ignorant trolls and newbs that drove me away.

It was a bit of a serendipity that the only name I recognized posted this link. haha
legendary
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You're never too old to think young.
Good morning Bitcoinland.

More of the same. Yawn.
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legendary
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#1 VIP Crypto Casino
This thread has lost its soul without ChartBuddy
full member
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Saw this link on /r/bitcoin, interesting stuff.

http://meaningness.com/metablog/geeks-mops-sociopaths

I hate agreeing with stuff from the interweb Angry

Gee, I wonder where you fit in  Grin

Not sure, "Be slightly evil"? If you're thinking "sociopaths," those are the likes of Barry Shillbert/Danny Brewster in that article.
By that guy's thinking, Bitcoin is in the last death throes; 99% "mops," (~30% of those seeing themselves as "sociopaths"), and the rest disillusioned "creators" turned "sociopath"/"evils." Sad

Everybody else is just green
Have you seen the chart?
It's a helluva start
It could be made into a monster
If we all pull together as a team
And did we tell you the name of the game, boy?
We call it 'riding the gravy train'
legendary
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₪``Campaign Manager´´₪
full member
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Saw this link on /r/bitcoin, interesting stuff.

http://meaningness.com/metablog/geeks-mops-sociopaths

I hate agreeing with stuff from the interweb Angry



P.S. The interweb itself tho, it's a killer...
legendary
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₪``Campaign Manager´´₪
hero member
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Warning: Confrmed Gavinista
There is a communication problem but it's not that you don't explain yourself well enough. The problem is you don't fucking listen.

 Cool Cool
legendary
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Price Bitcoins is very low and high Nice Price.
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^Google "Sergei Mavrodi" & "MMM Global Republic of Bitcoin." Laff.
sr. member
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sr. member
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In XEM we trust
legendary
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Self-Custody is a right. Say no to"Non-custodial"
i disagree, i believe that is a serious problem. i own a bunch bitcoins, however, i am not going to lie to myself and try to convince myself or anyone else that there is nothing wrong with bitcoin. clearly, to anyone with intelligence, there is a problem with bitcoin taking 75 minutes to clear. online business might find bitcoin useful, however, starbucks will find it annoying.

it takes 10mins to clear if you have the appropriate 5cent fee...


starbucks will still find a 5min wait annoying.. i wouldn't pay .05 more a transaction for my coffee just for hell of it tax... that fee is not set in stone. it is going to continue to increase if the bloatchain continues to grow bandwidth. which is part of the argument of the "cripple coiners" who want to cripple the bloatchain to increase the fees. ... how much is .05 in bitcoin anyways.


If you were able to support your own lame conclusions, you should be able to make simple calculations in order to show that you know what the fuck you are talking about.

It's similar to your failure and refusal to provide sufficient information regarding your coinbase limit problem.. you fail and refuse to engage in basic research and/or knowledge and selectively pick your facts.

By the way, at this time, $.05 is about a tiny bit above .0001 BTC... look at bitcoin's exchange rate.. it is about $421, and therefore, .1BTC would be $42.10, and .01 BTC would be $4.21, and .001 BTC would be $.421 and .0001 BTC would be $.0421  etc etc etc


i don't have time for it atm. maybe next week i have some extra time to calculate how much my fee should be. next week it might take .06 to complete a transaction in 5 mins. you missed the point.

seems to be a fairly minor problem (and likely premature) in the whole scheme of things....

at this time, transferring value around seems to work pretty good to have $10k or even $30k moved around for less than $.10.. even if it is not clear whether in the future it will cost $.04, $.05 or $.06 .. .and whether such transferring could be done for free or if it could possibly cost $1 under some circumstances in 5 years. 

There is a lot of unknowns in the worlds, and it is not the end of the world to have various unknowns that will likely be known (or at least better known) at a later and more relevant date.
legendary
Activity: 3920
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Self-Custody is a right. Say no to"Non-custodial"

we were told fix would beginning of this year over a year ago.. they are holding back the fix.... according to you the fix is in the next couple years.  whatever.. keep convincing yourself. let me refer back to the problem with your thought process here:

March 30th 2016 i posted:

you know what ?? i have several hardware servers that are over six year old technology.. they run great still, they are Dell 2950 1U servers.. i have mostly migrated everything from those six year old servers and replaced with virtual servers or new hardware server, except for one server. it is running some accounting and product tracking software for one the companies i maintain. the company is totally reliant upon their accounting and product tracking software, if it goes down they are fukd, cant do business until it is back up.. i look at this six year old server and it has an amber light on it.. that means something might be going wrong..i look and see the battery is dead on the perc raid controller card.. np no big deal .. fukit i don't expect anything bad to happen to this server, it has been running great for six years. i can see something is wrong with the perc card but it seems to not be causing an issue to the accounting software.. fukit, i'm just going to leave the accounting software on this six year old server .. i aint gonna do anything about it.. why should i ?? i dont expect anything bad to happen.

that is how you are looking at things. this is where experience with technology comes into play.. i'm not leaving the six year old server like that. instead of waiting until that six year old server dies, i decided to spin up a virtual server and will migrate the accounting software to this new virtual server. here is the kicker: i am going to do this BEFORE my six year old server with the blinking amber light has a fatal hardware error and brings that accounting software down and that entire company to a grinding halt.. today i know its just a bad battery on the perc card, what if tomorrow that perc card goes bad ?? the point is, from an engineering viewpoint, u dont wait when u see a problem developing just because in YOUR OPINION and YOUR EXPECTATIONS that nothing bad is going to happen. in technology, it is more likely than not that something bad is going to happen. we don't take the risk, because if we do and the something bad happens then u have a company losing money every single day they cannot operate.

your veiwpoint is the reason why i do not allow programmers to fuk with hardware. programmers are just smart enough to be dangerous.. as we have seen with bitcoin, the programmers are doing the dangerous thing, they are waiting and taking that risk that nothing bad is going to happen.





"we were told"


Yeah, right do you have a rock in your pocket?  Who is "we"?  The royal "we"?


Pretty much you are assuming a problem where little to no problem exists, and there are various sufficient fixes in the making and under consideration.  There is not an emergency at the moment... seg wit is on the way, and there may actually be some additional hard increases (even though it may or may not be necessary in the short term.. we will see?) 

The only "fix" that does not seem to be sufficiently in the making is to figure out ways to get the whiners to let up on their whining so much, but maybe after a 3x price bubble, some of them may let up on the whining a little bit, but others may need a 10x bubble?  Hm?  There may be few ways to completely quell some of the more disingenuous ones?
legendary
Activity: 1092
Merit: 1000
i disagree, i believe that is a serious problem. i own a bunch bitcoins, however, i am not going to lie to myself and try to convince myself or anyone else that there is nothing wrong with bitcoin. clearly, to anyone with intelligence, there is a problem with bitcoin taking 75 minutes to clear. online business might find bitcoin useful, however, starbucks will find it annoying.

it takes 10mins to clear if you have the appropriate 5cent fee...


starbucks will still find a 5min wait annoying.. i wouldn't pay .05 more a transaction for my coffee just for hell of it tax... that fee is not set in stone. it is going to continue to increase if the bloatchain continues to grow bandwidth. which is part of the argument of the "cripple coiners" who want to cripple the bloatchain to increase the fees. ... how much is .05 in bitcoin anyways.


If you were able to support your own lame conclusions, you should be able to make simple calculations in order to show that you know what the fuck you are talking about.

It's similar to your failure and refusal to provide sufficient information regarding your coinbase limit problem.. you fail and refuse to engage in basic research and/or knowledge and selectively pick your facts.

By the way, at this time, $.05 is about a tiny bit above .0001 BTC... look at bitcoin's exchange rate.. it is about $421, and therefore, .1BTC would be $42.10, and .01 BTC would be $4.21, and .001 BTC would be $.421 and .0001 BTC would be $.0421  etc etc etc


i don't have time for it atm. maybe next week i have some extra time to calculate how much my fee should be. next week it might take .06 to complete a transaction in 5 mins. you missed the point.
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