Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse. - Page 3 - TigerDroppings.com

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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

Are those pronounced "ass-coins"?


I think more like "ah zee coins".

I could be wrong though.






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21598 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


So this is the part I never understood. Is their a code tied to the wallet you posted that prevents access or can coins be freely transferred to and from that wallet by just knowing the wallet code you posted?





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lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

it's so funny to watch you old people squirm as you don't understand new technologies. i hope i never get like that



Good point....

I guess I should also upgrade from rabbit ear TV antennas, and buy a few push button telephones, as the rotary dial ones I have have seen better days.

Yesterday, my neighbor showed me his automatic garage door opener.....

Wow, a great new thing! I'm getting two of them installed next week...


Oh, one more thing...

Go frick yourself, you arrogant ass!







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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81249 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

Wiki Mad Brah?


Yeah, he mad. It's been a difficult week for the poor geek.










(Emphasis on "poor.")






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

So this is the part I never understood. Is their a code tied to the wallet you posted that prevents access or can coins be freely transferred to and from that wallet by just knowing the wallet code you posted?



People can freely send coins to my wallet.

I can send coins from my wallet.




This post was edited on 4/12 at 7:51 pm


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

Is their a code tied to the wallet you posted that prevents access or can coins be freely transferred to and from that wallet by just knowing the wallet code you posted?


What he posted was the "public key"

Anyone can SEND bitcoins to that public key

There is a corresponding "private key" that allows only the person that knows the private key to send from that public key.

Get it?






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

Go frick yourself, you arrogant ass!


that's a violation of article 133 of the UCMJ






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21598 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


Yep thanks. So just like a bank account.





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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

So this is the part I never understood. Is their a code tied to the wallet you posted that prevents access or can coins be freely transferred to and from that wallet by just knowing the wallet code you posted?


btw, check it out: josh has 0.0000746 bitcoins in that address!






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lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

Are those pronounced "ass-coins"?


No...

It's AZ, as in lsu_tiger_AZ

and azcoins are known to hold their values, because they are actual coins








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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

btw, check it out: josh has 0.0000746 bitcoins in that address!


I'm not sure how I got those coins either.

BTW, I downloaded that wallet on my cell phone, how does encryption work on a smartphone?



This post was edited on 4/12 at 7:55 pm


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81249 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

I can send coins from my wallet.

You have to have more than one coin before you can send coinS.






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
13997 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

Get it?



Yeah, it's as simple as translating Chinese algebra into Swahili trigonometry.






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lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

that's a violation of article 133 of the UCMJ


I'm retired....

and beside, I likely out rank you!








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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

You have to have more than one coin before you can send coinS.


Technically yes, the transaction fee for this wallet is .0005 btc I believe.






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

and beside, I likely out rank you!


yea but I was OSI so we'll just screw you over






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gizmoflak
Georgetown Fan
Member since May 2007
9000 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


i <3 this thread





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lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

yea but I was OSI so we'll just screw you over


Bring it....

I have a buddy at Luke AFB that can accidentally jettison fuel tanks on anyplace I want!











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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

how does encryption work on a smartphone?


depends on the app. i don't know what kind of wallet encrpytion specific apps use. i don't use any smartphone wallets. sorry i can't help with that, bro.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81249 posts

re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.


quote:

Swahili trigonometry

Speaking of Swahili.....did you know Swahili was a verbal only language until the British arrived in Africa? The native Africans did not have an alphabet so they could not develop a written language.

When the Brits showed up they decided to apply the English (Latin) alphabet to the phonic sounds of the Swahili words, which means all Swahili words are spelled EXACTLY like they sound.

I learned that useless fact when I worked in Nairobi, Kenya.

That and "hakuna matata" really does mean "no worries."






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