A fool and his not-really-money are soon parted
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@boomzilla how are you handling this?
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@Gribnit I LOL'd.
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Thodex denies all the allegations and says that the problem impacts 'only' 30,000 of its clients. The company further states that the inaccurate media reporting has ruined its reputation, making it impossible to continue operations.
A small number of our clients may be affected...
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@boomzilla Don’t have to pay capital gains tax if you don’t have capital gains.
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but the government will just redefine crypto rules to make losing all your coins in a blowoff legally equivalent to selling them at the then-current price (requiring the capital gains tax) and then having money stolen from you, and capping the amount of loss from that you can write off in any given year.
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(And as much as I was joking in the previous post, I’m not too far off from current rules: https://www.irs.gov/taxtopics/tc515 ... you can only deduct theft losses as an itemized deduction, and can only claim losses above 10% of your AGI. And currently, you’d only be able to value stolen crypto at your basis — the amount you paid. I doubt the $100 reduction to your basis for “items held for personal use" would apply since the IRS treats crypto like a speculative investment).
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@izzion considering 99.9% of crypto is money laundering and crimes, seems like a reasonable rule.
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Fuckers.
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@boomzilla Support for my "fractal scam" theory continues to mount.
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@boomzilla said in A fool and his not-really-money are soon parted:
Remember the good old days when running boiler room schemes had a risk of earning you a new pair of stainless steel bracelets?
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In case anyone didn't think crypto could get worse:
What is Proof of Space and Time?
Proof of Space is a cryptographic technique where provers show that they allocate unused hard drive space for storage space. In order to be used as a consensus method, Proof of Space must be tied to Proof of Time. PoT ensures that block times have consistency in the time between them and increases the overall security of the blockchain.But wait, there's more!
What is Chialisp?
Chia has a newly developed, innovative blockchain programming language called Chialisp, which is powerful, easy to audit, and secure. Chialisp is a superior on-chain smart transaction development environment that will unlock the security, transparency, and ease of use that cryptocurrencies promise.
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@boomzilla said in A fool and his not-really-money are soon parted:
powerful, easy to audit
That's not an easy combination to have. The features that make for one tend to really act hard against the other. That it's a Lisp variant marks it as being distinctly more towards “power” and less towards “easy to audit”. OTOH, from a quick glance at the language spec, I'd say that there's only one serious form of attack open to anyone (unless there's stuff like I/O that the tutorial glosses over) and it's one that is just a DoS.
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@boomzilla said in A fool and his not-really-money are soon parted:
Chia has a newly developed, innovative blockchain programming language called Chialisp, which is powerful, easy to audit, and secure. Chialisp is a superior on-chain smart transaction development environment that will unlock the security, transparency, and ease of use that cryptocurrencies promise.
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@TimeBandit well it's already at least got the "contains a partial, broken implementation of Common Lisp" criterion met then
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@boomzilla said in A fool and his not-really-money are soon parted:
What is Proof of Space and Time?
Proof of Space is a cryptographic technique where provers show that they allocate unused hard drive space for storage space. In order to be used as a consensus method, Proof of Space must be tied to Proof of Time. PoT ensures that block times have consistency in the time between them and increases the overall security of the blockchain.I do like that it's not based on burning as much energy as humanly possible. I'm not expecting the total silicon-tied-up-by-miners to change much (it'll just be SSDs instead of GPUs), but it'll be nice that they aren't also tying up a lot of power.
That said, I ain't buying it anytime soon. (I do hope to pick up a little Bitcoin once the current exuberance crashes a bit more.)
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@TimeBandit God, they've butchered that badly.
Bitcoin Mining on the Commodore 64? – 14:47
— 8-Bit Show And TellOn a stock, unmodified Commodore 64, it will take worst case approximately 50 trillion years with stock firmware to mine one block of minimal size. First, the block reward is multiple Bitcoin, not one, so the headline is completely wrong right out of the gate. Second, new blocks are specced to be mined every 10 minutes, so they're using the wrong formula for figuring out the average time to mine. Third, there are many, many accessories, official or otherwise, to speed that up to something in the tens of years, at no additional power cost (because of how the C64 power supply works).
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@TwelveBaud said in A fool and his not-really-money are soon parted:
(because of how the C64 power supply works).
Let me guess: it's always draws exactly X watts, and any unused watts are run through a giant resistor and consumed there?
I vaguely recall an old conversation about a particularly inefficient microwave: even in low power mode, it still drew the same number of watts: it just ran half of them through a giant resistor.
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
particularly
inefficientsecure microwave
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@Gribnit said in A fool and his not-really-money are soon parted:
@PotatoEngineer said in A fool and his not-really-money are soon parted:
particularly
inefficientsecure microwaveNo side-channel attacks in that one.
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Makes me wonder if it is possible to find out what's being heated/cooked in a microwave based solely on the power consumption
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@Zerosquare said in A fool and his not-really-money are soon parted:
Makes me wonder if it is possible to find out what's being heated/cooked in a microwave based solely on the power consumption
You'd probably have an easier time when simply using the backscatter.
Though "easy" is probably the wrong term here in either case.
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@Rhywden said in A fool and his not-really-money are soon parted:
@Zerosquare said in A fool and his not-really-money are soon parted:
Makes me wonder if it is possible to find out what's being heated/cooked in a microwave based solely on the power consumption
You'd probably have an easier time when simply using the backscatter.
Except the cage is supposed to be preventing the backscatter.
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@Gribnit said in A fool and his not-really-money are soon parted:
@Rhywden said in A fool and his not-really-money are soon parted:
@Zerosquare said in A fool and his not-really-money are soon parted:
Makes me wonder if it is possible to find out what's being heated/cooked in a microwave based solely on the power consumption
You'd probably have an easier time when simply using the backscatter.
Except the cage is supposed to be preventing the backscatter.
Hence my edit.
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
@TwelveBaud said in A fool and his not-really-money are soon parted:
(because of how the C64 power supply works).
Let me guess: it's always draws exactly X watts, and any unused watts are run through a giant resistor and consumed there?
They use a linear voltage regulator. You shouldn't use the old power supplies that are solid bricks; they could easily fry parts of your computer due to component degradation inside the brick that you can't see.
I like seeing all the neat things the hobbyists are coming up with for the old 8- and 16-bit computers, some of which are based on tiny computer boards that could emulate a Commodore 64. :)
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@Rhywden said in A fool and his not-really-money are soon parted:
@Gribnit said in A fool and his not-really-money are soon parted:
@Rhywden said in A fool and his not-really-money are soon parted:
@Zerosquare said in A fool and his not-really-money are soon parted:
Makes me wonder if it is possible to find out what's being heated/cooked in a microwave based solely on the power consumption
You'd probably have an easier time when simply using the backscatter.
Except the cage is supposed to be preventing the backscatter.
Hence my edit.
Maybe some near-field properties of the cage itself could be exploited though. Backscatter happens in more than one context.
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@Rhywden said in A fool and his not-really-money are soon parted:
You'd probably have an easier time when simply using the backscatter.
The easy way would be to look in the microwave
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@TimeBandit said in A fool and his not-really-money are soon parted:
@Rhywden said in A fool and his not-really-money are soon parted:
You'd probably have an easier time when simply using the backscatter.
The easy way would be to look in the microwave
How are you supposed to look into your neighbor’s microwave without appearing creepy?
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
(I do hope to pick up a little Bitcoin once the current exuberance crashes a bit more.)
Woah, friends don't let friends buy Bitcoin.
If you really want something that nobody else has then go for a hike and bring back the first nice white rock you spot.
You've just got yourself a pet rock and it's easy to care for, just keep it away from glaciers.
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@JBert said in A fool and his not-really-money are soon parted:
just keep it away from glaciers
That's not easy
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@JBert said in A fool and his not-really-money are soon parted:
nice white rock
looks nice but it'll be off with your life savings mark my word
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@JBert said in A fool and his not-really-money are soon parted:
bring back the first nice white rock you spot.
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@JBert said in A fool and his not-really-money are soon parted:
If you really want something that nobody else has then go for a hike and bring back the first nice white rock you spot.
It wouldn't fit in my pocket.
@TimeBandit said in A fool and his not-really-money are soon parted:
That's not easy
As an added bonus, that rock is in !
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@dcon all I see is a big piece of chalk.
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@dcon said in A fool and his not-really-money are soon parted:
that rock is in !
A white substance in is probably not a rock.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
@dcon said in A fool and his not-really-money are soon parted:
that rock is in !
A white substance in is probably not a rock.
Truth. That BC nug line is paid for in heroin.
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@JBert said in A fool and his not-really-money are soon parted:
You've just got yourself a pet rock and it's easy to care for, just keep it away from glaciers.
It's a Non-Fungible Token! Pet rocks have very few problems with fungi at all.
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@dkf said in A fool and his not-really-money are soon parted:
@JBert said in A fool and his not-really-money are soon parted:
You've just got yourself a pet rock and it's easy to care for, just keep it away from glaciers.
It's a Non-Fungible Token! Pet rocks have very few problems with fungi at all.
It's also constantly doing proof-of-work for both space and time for computing being that rock.
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@Gribnit But I'm keener in proof of steak.
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@dkf test-to-destruction is best test, sure
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@dkf said in A fool and his not-really-money are soon parted:
@JBert said in A fool and his not-really-money are soon parted:
You've just got yourself a pet rock and it's easy to care for, just keep it away from glaciers.
It's a Non-Fungible Token! Pet rocks have very few problems with fungi at all.
Is that so? Care to enlichen me?
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@kazitor said in A fool and his not-really-money are soon parted:
@dkf said in A fool and his not-really-money are soon parted:
@JBert said in A fool and his not-really-money are soon parted:
You've just got yourself a pet rock and it's easy to care for, just keep it away from glaciers.
It's a Non-Fungible Token! Pet rocks have very few problems with fungi at all.
Is that so? Care to enlichen me?
Symbiotic complexes are outside the scope of this course.
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The amount of storage space (aka netspace) already used by the Chia network is astonishing. It passed 1 EiB (Exbibyte, or 2^60 bytes) of storage on April 28, and just a few days later it's approaching the 2 EiB mark.
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@boomzilla said in A fool and his not-really-money are soon parted:
The amount of storage space (aka netspace) already used by the Chia network is astonishing. It passed 1 EiB (Exbibyte, or 2^60 bytes) of storage on April 28, and just a few days later it's approaching the 2 EiB mark.
yay fuckery for the sake of fuckery makes another step forward. soon all economic activity will be completely debased.
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@boomzilla said in A fool and his not-really-money are soon parted:
The amount of storage space (aka netspace) already used by the Chia network is astonishing. It passed 1 EiB (Exbibyte, or 2^60 bytes) of storage on April 28, and just a few days later it's approaching the 2 EiB mark.
What storage manufacturer is secretly pushing Chia?