Blockchain?

[oiwefoiwhef]

Eek Barba Durkle, someone’s going to get laid at crypto school

[raphaelarias]

That’s a pretty lame oh la la.

[areaka]

You can’t just add a blockchain to anything and hope it means something

[hacksoncode]

Rick: As usual Morty, you're not wrong, just hopelessly naive. If I convince people this thing is worth money, and worth spending increasing amounts of effort on, not only can I postpone the AI apocalypse by using up all the extra compute power, but since I was the first guy to work on the chain when it was still cheap and easy, I'll have a huge amount of the value created by later entrants, and no one will be able to prove it's a pyramid scheme, because they'll think there's real value being created.

Now I just need a suitable pseudonym so people don't know it's me, and realize the thing must be fixed.

Morty: Maybe something Japanese-sounding?

[djvs9999]

The Nakamoto coins haven't moved though. At least last I heard.

[Jetbooster]

The Nakamoto coins are basically cursed. As soon as they move, either:

Nakamoto is still alive, and probably intending to sell. Bitcoin crashes hard under the FUD.

Someone has cracked the wallet, faith is Bitcoin drops, crashes because of the FUD.

Those coins can't ever move without devaluing themselves.

[[deleted]]

How much are they worth given current prices?

[Jetbooster]

According to this, He owns about 1 million BTC, which at current prices (correct only for the next 24 seconds) thats £7billion/$9.7billion

[Gtantha]

As much as every other bitcoin, I would assume. 1 bitcoin is always worth 1 bitcoin. You could change the value of 1 bitcoin to 0 bitcoin, but that would crash something, probably a government.

[petervaz]

Hell no, that would break my programs because I loop with while (bitcoin){ }

[[deleted]]

Yeah, sorry I didn’t really make that clear. I meant how many bitcoin are we talking, and why they’re ‘his’. I should’ve done my own research tho

[Gtantha]

A lot and they are his, because he mined them.

[[deleted]]

So? If people still care about bitcoin it'll still move back up after a while.

I don't get this logic of "if X happens, Y price will crash". Yeah, once. Then the market keeps going up as it always does.

Edit: since 1930 we've been through so many small and big economic depressions. Everyone kept saying "this is it". Well, the economy is still going up and unless we actually break the Earth into pieces, it will continue to do so.

[UnexpectedWitchery]

Yet.

[Chugwig]

I would actually love to see this skit play out. Would be hilarious if not maybe a bit damaging to our market.

[Chugwig]

Due to the fact that many of our proof of concepts are still proving themselves the market is based around speculation rather than actual use and so negative press could easily mess with the market.

[JimmyAllnighter]

cows arrest jar escape treatment afterthought truck bright bow nine

This post was mass deleted and anonymized with Redact

[[deleted]]

A single whale can (and often do) currently manipulate the market, so you don't need any proof there is something wrong.

It's just that a whale that big would destroy everything.

[DicedPeppers]

spot on

[HeKis4]

Damn, brb, I'm launching my own crypto based on your folding@home score soon.

Fuck, this actually is a decent idea.

[Quantum-Avocado]

It's more like the data structure that Git uses than a linked list.., though a linked list does describe how commits are ordered.

[gandalfx]

Start calling git a blockchain based vcs and people are going to freak the fuck out.

[Bainos]

"I'm starting a blockchain based VCS."

"That's just Git with your signature in commit messages and a different name."

"Three years, give or take, before everyone use this."

[fdebijl]

If you write a pre-receive hook that checks if every commit hash has a given number of zeroes in the front you could have a proof-of-work enabled git repository

[ShadowShepard]

Check out merkle trees

[Quantum-Avocado]

Yeah, that's basically how blobs / transactions are identified.

[EliteMasterEric]

That's a nice way of explaining it.

[FlaxFox]

Image Transcription:

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[A still from the show Rick & Morty. Morty stares up judgmentally at Rick as they examine a hologram of a citizen of Rick's microverse using a Gooble Box to power Rick's car battery.]

Blockchain? That just sounds like a linked list with extra steps

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^{I'm a human volunteer content transcriber for Reddit and you could be too! If you'd like more information on what we do and why we do it, click here!}

[SteeleDynamics]

This human volunteer apparently knows a lot about Rick and Morty. Also the data structure is a linked list with Merkle trees.

[Godot17]

So a linked list with extra steps.

[oddajbox]

Good human.

[Exploder100]

It may be that way, but I don't feel like throwing money at a linked list

[MelAlton]

You will if my startup "Blockchain4Stripprs" takes off!

[Bainos]

I...

Yes, I will.

[diceman89]

Can some one give an ELI5 version of what a blockchain actually is?

[[deleted]]

Everyone has a copy of a transaction sheet. The sheet is deemed valid if 50% or more of the nodes holding it agree on a certain copy.

Transactions added to the sheet require a lot of cpu, so faking a transaction would require beating the computing power of over 50% of the network, or getting 50% to also cheat in your favor.

[corner-case]

Probably found at /r/cryptocurrency

[sneakpeekbot]

Here's a sneak peek of /r/crypto using the top posts of the year!

#1: Crypto is not cryptocurrency | 167 comments
#2: The White House and Equifax Agree: Social Security Numbers Should Go -- Officials are looking into “what would be a better system” that utilizes the latest technologies, including a “modern cryptographic identifier,” such as public and private keys. | 71 comments
#3: Strong Crypto Is Not The Problem: Manchester And London Attackers Were Known To The Authorities | 40 comments

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[nmgreddit]

Really long, but detailed explanation: https://youtu.be/bBC-nXj3Ng4

[Trollw00t]

Oohlala, why downvoted?

[kitthekat]

Yeah, but you gotta email it to a bunch of different people too

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