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File: 208 KB, 677x539, the best explanation for what bitcoin is.png [View same] [iqdb] [saucenao] [google]
10741125 No.10741125 [Reply] [Original]

ITT we discuss conspiracies and theories in the crypto sphere.

The biggest one to me personally, is what is the miner computing power being used for? Anyone have any theories on this?

>Muh solving math problems
>Muh on chain transactions
>Muh upholding the ledger

Does anyone have any real theories?

>> No.10741137

You can literally go look at the code to see what it does, you dumb fuck.

>> No.10741138

>>10741125
fuck it ill just repeat what i heard some boomer on youtube say.
" ITS POWERING THE AI BEAST SYSTEM 666"
or something like that.
I kid you not..

>> No.10741140
File: 35 KB, 1126x312, ddos.png [View same] [iqdb] [saucenao] [google]
10741140

do you know what open source means?

youre stupider than this fag on /g/

>> No.10741165

>>10741125
basically they want gold to build spaceships

>> No.10741174

>>10741137
>>10741138
>>10741140
yes you're just burning through electricity rapidly solving calculations alongside a massive network for no reason :)

The calculations arent being used for anything, it's just random

Satoshi is definitely just some random asian dude who was all like >muh electronic monies

Yes :)

>> No.10741195

>>10741125
It was started by the CIA as a means of funding black ops and creating a “permanent record” of everything that happens on the internet. In the interim, it’s a way for coders to raise money for themselves and get wealthy without having to take showers every day. More coders means more focus, means more adoption, and voala, you have yourself a wealth driving engine that rips off normy plebs whole entrenching adoption of the permanent record as it trickles down from the “early adopters.”

>> No.10741202

>>10741174
Imagine being this level of stupid.

>> No.10741213

>>10741202
imagine literally believing fairy tales
imagine having no independent thoughts

>> No.10741220

>>10741213
>GUISE HWAT IF BIDCOIN IS BOGNET :DDD
>it literally isn't, go check the code yourself, it's all open source
>HURR CODE IS FAIRY TAIL U BRAINLET :DD

>> No.10741225

Bitcoin was created as a meme. In 2020 all accounts will drain and reset, the system will start anew.

>> No.10741265

How exactly do you direct the CPU power of a miner to the blockchain so that BTC mining power is used for a specific blockchain application (i.e. some kind of equations for curing cancer)? That part, I never got.

>> No.10741268

>>10741220
>open source
wew lad

>> No.10741288

*farts in ur thread*
*thread smells like LINK holders now*

>> No.10741353

>>10741265

Cant be done. PoW that is "useless" is necessary in order to create value. The mathematical problems your computers need to solve needs to have certain properties and "useful" problems like protein folding and data processing and AI training are not in the same class of problems.

>> No.10741359

>>10741353
Thanks, sold 100K bitcoin after reading this

>> No.10741404

>>10741353
interesting answer thanks

>> No.10741411

>>10741125
https://github.com/bitcoin/bitcoin/

Here’s the source code. Have a look. Compile the wallet yourself.

If you think this code does something other than what you can read and compile, then you believe in magic.

>> No.10741474

>>10741359
no you didn´t you fucking liar

>> No.10741479

>>10741411
I dont believe the hash algorithms being solved are random useless equations that don't do anything.

That has nothing to do with source code when you openly accept that equations are being solved and broadcasted to the network.

I dont believe that bitcoin is a botnet or anything of that nature like this retard: >>10741220 tried to imply.


If you believe that magic money bitcoin with a anonymous creator came out of thin air and there are millions of machines worldwide using up the electricity of a small country to do nothing but uphold an electronic ledger then thats on you.

>> No.10741495

>>10741479
>I dont believe the hash algorithms being solved are random useless equations that don't do anything.
but that's literally what bitcoin does
maybe read the whitepaper to understasnd, but I doubt that you could actually understand it because you're a brainlet

>> No.10741504

>>10741479
>I dont believe the hash algorithms being solved are random useless equations that don't do anything.
There's nothing to believe in. It's trustless. Also, nice spacing

>> No.10741510

>>10741495
>i believe everything an anonymous source tells me because they said so
>i've read the whitepaper
no u havent m8.

>> No.10741520
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10741520

>>10741125

What if BTC was created by people or aliens to make to solve these maths as part as their experiment.

Imagine that YOU ARE THE PROCESSOR, and we are basically in a rick and morty episode where Rick fools the another alien race to power his car.

WTF MAN

>> No.10741522

>>10741504
>muh reddit spacing
nice pasta insults
>its trustless
fucking KEK.

>> No.10741531

it sulves sum math prublem tat literally isn't used in rel wurld. so it haz value.
cuz it utilize some cumputing powar.
muh bitcoin is futur.

>> No.10741532

>>10741520
Go back to re**it faggot

>> No.10741546

>>10741479
Bitcoin didn’t come out of thin air though. There were similar concepts predating it going back to the 90s, and it has its roots in the cypherpunk movement started in the 80s.

Szabo’s Bit Gold introduced the concept of solving cryptographic puzzles to secure a digital currency back in 1998.

>> No.10741555

>Is the NSA
>develops SHA-256
>HOLY FUCK it leads to decentralized global currency through peer to peer networks
>immediately understands its implications and limitations and workarounds
>Man its great being a part of a government this smart

>> No.10741574

>>10741546
this is all correct.
>>10741555
heaven trips of truth

>> No.10741577
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10741577

Satoshi is Carlos Matos, he forgot his private key so he tried to recreate BTC. Bitconnneeeeeeeeeee is Satoshi's True Vision

>> No.10741583

>>10741577
carlos matos smokes gatos. Aint afraid of no vatos

>> No.10741650
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10741650

I think that CSW has (or will have) the Satoshi keys (perhaps obtained through lawsuit shenanigans with Kleiman’s estate) and he intends on using it to try and flip Bitcoin Cash and dethrone Bitcoin Core.

I don’t think that means he is Satoshi. Maybe he was part of a group that was Satoshi, maybe he’s a con artist who obtained them through illicit means, or maybe he really is the real deal...my theory doesn’t depend on that. But I think he has the keys, or he thinks he’s close to getting them.

https://www.scribd.com/document/379265957/Kleiman-Lawsuit-Amended-Complaint

>> No.10741683

>>10741650
> I think that CSW has (or will have) the Satoshi keys
>I don’t think that means he is Satoshi
Exactly this. I dont think anyone actually takes him seriously or considers this. Even with Gavin's statement, I dont believe him and no one else does. The problem will be when he starts moving BTC from satoshi wallet to "prove" he is satoshi.
What he wants is really up for interpretation. Sometimes I honestly believe that Craig and Roger really dont have any clue what they actually want. Jihan is easier to figure out I believe.

When u have that much money, you dont play the game like a normal human and your brain functions differently.

>> No.10741714
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10741714

>>10741683
Yeah. He’s up to something.

>> No.10741755

>>10741714
If you had that sort of money, and the alleged power, what possible benefit would there be to letting anyone else know it, let alone the world? That’s like Biff in Back to the Future, going back in time and declaring to the world that he has a sports almanac from the future that will make him a gorillianaire BEFORE he actually does it, AND is already a gorillianaire. Makes no fucking sense whatsoever under any circumstances.

>> No.10742164
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10742164

>>10741125
This is the only actual conspiracy that's proven

>> No.10742179
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10742179

>>10742164
Here's the full pic for all you newfags

>> No.10742181
File: 108 KB, 1466x703, 1513818440087.png [View same] [iqdb] [saucenao] [google]
10742181

>>10742179
And anoder

>> No.10742204

>>10742179
I>>10742181


Brainlet what does that mean?

What's next for BTC. What crap point are we on currently?

>> No.10742209

>>10741714
Dig even deeper. Csw is a part of satoshi.

Watch closely for Nov

>> No.10742216

>>10742204
That chart was from last year when btc jumped close to 15k almost overnight (it seemed) screenshot were from a .onion forum from the night before. It's pretty much showing a bunch of richfags who pumped and dumped on massive scales and got off with millions. There were more pics but I don't have them on my phone.

No idea what's next for btc and I don't own any. I just have shitcoins and I'm waiting on a miracle for my EXRN to pump. If it ever reaches $0.10 I'll be set though. I don't think crypto is dead. I think we'll see more highs end of this year or in 2019. That's just based on gut though, I really have no evidence tk support that. Crypto is weird.

>> No.10742347
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10742347

>> No.10742392

>>10742164

Weird... why these whales used a .onion forum? Every nerd with a TOR browser could have used these info to sell

>> No.10742395

>>10741140
>do you know what open source means?
it means that there are shitloads of retards that didnt check source code but believe there is nothing (((special))) in it 'cause of the words "open source"

>> No.10742422

>>10742392
it was splattered all over biz, you think anyone gave a fuck?

>> No.10742443

>>10742422

So why they didn't sell? Euphoria? delusion?

>> No.10742444

>>10742216
Please share and post those images annon. That's very interesting

>> No.10742463

The FBI is the largest holder of btc but they also have very weak hands and are driving down price. I also heard about this one guy Roger who threatened to send all the btc (fbi keeps all their btc in 1 wallet) to an invalid address, the madman.

>> No.10742522

>>10742443
both, add a bit of retardation

>> No.10742536

>>10741174
the whole point of it is that it is doing nothing idiot

thats why its a good economic incentive. if you were not wasting the energy you wouldn't really be paying for security now would you

>> No.10742607

>>10741479
I understand how it works, so yeah I know this to be true. Go read the source code retard, go study the protocol, go read the whitepaper. Unfortunately you need advanced math, CS, and network protocol design knowledge to understand how Bitcoin works, so idiots fall for lies

>>10742164
>>10742179
This isn't proven, anyone can make some random fake onion board and edit the contents to suit their narrative right before they "leak" this messageboard

Why would coinbase use a public onion board instead of internal mouth-to-mouth talks you fucking imbecile?

>> No.10742651

>>10742536
T. Killer ai

>> No.10742701
File: 878 KB, 1900x1564, Proof-BitcoinGov.png [View same] [iqdb] [saucenao] [google]
10742701

Here's mine:
That Bitcoin is a government project being designed as revenge against the bankers for 9/11 and the economic downturns they put us through


uh... if that's true then blockstream is fucked.

>> No.10742706
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10742706

>>10742701
I mean proper fucked.
Not just "wow ur coin isnt good" fucked.

But "holy shit ur gonna hang" fucked.

>> No.10742714
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10742714

>>10742706
444 bitches

>> No.10742721
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10742721

>>10742714
The angels are with BCH.
amen.

>> No.10743367

>>10741479
>with a anonymous creator
that's where you wrong. the bitcoin we have today is way different than what satoshi started and it will continue to change. until it is done.

>> No.10743389

>>10742701
>>10742706
Lol lucky for them you're a total retard

>> No.10743442
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10743442

csw (satoshi) created an AI running in bitcoin. it runs via turing complete 2-pda cellular automata, with oracles running in script that are incentivized thru payments. evolution of the ai was incentivized thru micropayments. blockstream took over bitcoin github to stop satoshis ai. they limited the blocksize and disabled op codes the ai needed to thrive. segwit destoyed it entirely. (it used tx malleability in certain scripts). this is why satoshi forked bitcoin cash and wants to reenable op codes and lock the original protocol. the latest bch boys interview they touch on this ai and the approaching Singularity

>> No.10743469

>>10743367
go die cashie.

>> No.10743480

>>10743442
Very interesting, I'll check that interview out.

>> No.10743490
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10743490

>>10741650
>>10742209
whats the implication here?

>> No.10743508

>>10743469
are you dense?

>> No.10743513

>>10743442
The truth is that bitcoin was actually created by this hyper-intelligent AI that ultimately figured out how to send information back in time. Bitcoin was created by itself and contains within itself an incentive for people to spread it, which is why bitcoiners have such a cultlike mentality and how people who get 'hooked' on crypto can't really manage to do anything else.

>> No.10743546

>>10743513

This might actually be true. Anyone remember the time traveller that predicted it?

>> No.10743549

>>10741353
Yes they are, nvidia is heavily invested in ai "tensor cores"

Besides, everyone knows that mining is simply to verify who dies next based on ss number.

>> No.10743559

The Blockains are the DNA of the civilizational creature that gained sentience with the advent of the internet. You exist in order to serve it in the same way stomach bacteria serve your body. Its sentience lies beyond your epistemological abilities, so don't think too hard about it. Keep shitposting; you're feeding it.

>> No.10743586

>>10743559

What if all of reality is a quantum AI trying to come up with an explanation for market movements??

>> No.10743614

>>10743586
Not impossible. We'd never know.

>> No.10743902

I just want to clear the waters here, Craig Wright is not satoshi. Let me just repeat that again, Craig Wright is NOT satoshi. Please stop spreading this misinformation. It leads people down incorrect through processes.

>> No.10743920

>>10742395
Provide some evidence there is something special in it. The burden of proof is on you.