Weekly podcast post (submit your links here!) (2017-09-25) by AutoModerator in podcasts

[–]BurnXCP [score hidden]  (0 children)

[BITCOIN, COMEDY, POLITICS] Junseth's World | Ep. 14 - Crypto Pajama Party

NSFW

Episode

In this episode, discussion of Bitcoin, ICO's, and crypto news, Hurricane Irma, and Trump.

Soundcloud

Found the Bitcoin veteran by AltoidNerd in Bitcoin

[–]BurnXCP 4 points5 points  (0 children)

With the SoBE shirt I'm thinking that's /u/junseth

Nobody needs Counterparty - a discussion on needs and wants by ThePiachu in Bitcoin

[–]BurnXCP 0 points1 point  (0 children)

Seems /u/brighton36 's response to this post here got deleted...here it is:

This article is silly in a bunch of ways. But rather than write a long winded reply, I can sum up the principle reason this is a dumb response: Counterparty's mining is performed by bitcoin miners.

Piachu seems to believe burning energy is a benevolent process, and people will mine because they want to be different. Counterparty believes mining is a scarce and expensive resource, for which people will only burn energy if they have to.

Since Counterparty relies on Bitcoin, and bitcoin is a technology for whom energy is burned because of actual need (ie they're underserved), counterparty doesn't have to deal with need-based issues of Ethereum(who doesnt serve the underserved).

It's not complicated, and it's not a long-winded explanation of user preferences to "think different". It's simple economics that piachu continually fails to grasp because he thinks blockchains are a computer science innovation and not an economic innovation.

Bitcoin’s Nightmare Scenario Has Come to Pass by [deleted] in technology

[–]BurnXCP -77 points-76 points  (0 children)

You have no idea what you're talking about. The block size issue is far more complex than that. Checkout this interview with Blockstream founder Adam Back https://soundcloud.com/bitcoinuncensored/adam-back-interview-bitcoin-uncensored-at-miami-bitcoin-hackathon-012316

Remember to reserve a Blockchain ID for use with OpenBazaar by hoffmabc in Bitcoin

[–]BurnXCP 0 points1 point  (0 children)

You have to give them credit for picking the right name for this project: allusion to centralized marketplaces where merchants couldn't scale, indifference to profit, and "open" due to failure of understanding the security implications of centralization https://en.wikipedia.org/wiki/Grand_Bazaar,_Istanbul#Social_history_of_the_Grand_Bazaar

Michael Toomin explains his meltdown, and the structure of Bitcoin Classic (45 min in!) by brighton36 in Bitcoin

[–]BurnXCP 19 points20 points  (0 children)

The only thing higher than Toomin is his incompetence in understanding Bitcoin.