Results 1 ... 64 found in asciilifeform for 'paper coin'
asciilifeform: signpost: seems precisely same as errywhere else -- fractionalisms can persist ~indefinitely, with lamers happily trading paperola/goxcoin/leverageisms back'n'forth, until 'bank run'
dulapbot: Logged on 2022-05-09 13:14:02 asciilifeform: reich succeeded in jacking up btc-usd rate by flooding goxmarket w/ papercoin; after which exchrate stiffly correlated with all other reich paper.
dulapbot: Logged on 2022-04-26 01:11:40 billymg: i've got these family members, one of whom i set up with a paper wallet back in '15 or so. now the other family member is telling the former "you should put that on coinbase, where it's regulated"
asciilifeform: reich succeeded in jacking up btc-usd rate by flooding goxmarket w/ papercoin; after which exchrate stiffly correlated with all other reich paper.
billymg: i've got these family members, one of whom i set up with a paper wallet back in '15 or so. now the other family member is telling the former "you should put that on coinbase, where it's regulated"
shinohai: http://logs.nosuchlabs.com/log/asciilifeform/2022-03-07#1082853 <<< shitcoin "whitepapers" proven to add 2x more penetrating ballistic protection.
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2022-03-02#1081802 << hilariously, yes, and effectively for phree (i.e. for paperola which they can't even spend, rather than troo coin)
signpost: probably oughta differentiate the political paperization (i.e. not-your-keys-not-your-coin) vs derivatives markets which yes, oughta be driving price discovery.
mats: bitcoin paperization was always inevitable because of the relatively low transaction thoroughput and fee market
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2022-01-14#1072917 << even if 100% prophetic, seems to point to even moar paperization than ever before, rather than less
asciilifeform had a fella who was for long time endlessly hungry to trade coin for shitpaper, but he drowned
dulapbot: Logged on 2020-08-16 12:55:18 asciilifeform: as for the papercoin-holding speculator scum -- imho the sooner they get the fuck away from btc -- and stay thefuck out -- the better.
asciilifeform: whole edifice seems to have been moar or less rebuilt around engineering periodic papercoin crashes, seems to be working a++ from that pov
signpost: indeed, incidentally I reread the bitcoin whitepaper last night too. would love to see an elegant rewrite *without the scriptlang* someday.
asciilifeform: (and nobody's about to throw 1e7 coins to bake paper pad. even 1930s su used machines.)
verisimilitude: Consider my disappointment when I learned she didn't need me, because her son only had paper slips for Bitcoins.
dulapbot: Logged on 2021-11-08 01:32:51 cdd: http://logs.nosuchlabs.com/log/asciilifeform/2021-11-07#1063760 << Ah shit, that's the whitepaper for the coin (I haven't read that, sorry for wasting your time), not the anonymity network. https://arxiv.org/abs/1703.00536
cdd: http://logs.nosuchlabs.com/log/asciilifeform/2021-11-07#1063760 << Ah shit, that's the whitepaper for the coin (I haven't read that, sorry for wasting your time), not the anonymity network. https://arxiv.org/abs/1703.00536
asciilifeform would customarily add 'and only fuhrer knows whether actual or papercoin' but imho obv.
dulapbot: Logged on 2020-08-16 12:55:18 asciilifeform: as for the papercoin-holding speculator scum -- imho the sooner they get the fuck away from btc -- and stay thefuck out -- the better.
asciilifeform: moar papercoin, eh.
asciilifeform: billymg: 1 caveat is that only ~actual~ bitcoin has this property; papercoin, otoh, behaves similarly to erry other previously known type of paperism
asciilifeform: reich also aids in the proliferation of shitcoins (not the least of this aid is the non-prosecution of the perps, who, if they had carried out equiv. fraud using traditional paper, would sit with madoff) -- so as to siphon juice away from btc.
asciilifeform: mats: buying bona-fide on-chain coinz is for, y'know, 'terrorists'. institutions -- print papercoin.
dulapbot: Logged on 2021-07-28 23:05:34 asciilifeform: raw_avocado: if you have nothing but a coin and time -- von neumann's debiasing algo worx just as well with paper and pen as with machines
asciilifeform: raw_avocado: if you have nothing but a coin and time -- von neumann's debiasing algo worx just as well with paper and pen as with machines
dulapbot: Logged on 2021-07-23 13:20:44 asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2021-07-23#1048370 << unlike pgp -- 'sadly' there aint 'over 9000' utterly-broken walletrons. afaik. (possibly the folx who pop addr w/ ~serious~ coin in it, don't write academiwank papers about it..)
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2021-07-23#1048370 << unlike pgp -- 'sadly' there aint 'over 9000' utterly-broken walletrons. afaik. (possibly the folx who pop addr w/ ~serious~ coin in it, don't write academiwank papers about it..)
asciilifeform: billymg: i recall there used to be some that dealt only in shitcoins (no fiatola) and 0 paperworks
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2021-07-19#1046871 << not to let shitoshi off the hook, but afaik the volatility happens ~entirely where most trading happens -- in the world of paper coins. which exist more or less wholly separately from the actual net.
dulapbot: Logged on 2021-07-07 15:11:54 asciilifeform: embrace&extinguish bitcoin; often enuff not even operates w/ actual tx, but with paper surrogates.
asciilifeform suspects that the exch rate would in fact move if no one could tx for a yr or 2, and consist even ~more~ overwhelmingly of papercoin by weight
dulapbot: Logged on 2021-06-10 14:54:20 asciilifeform: i suppose there's a little entertainment in 'i sold all of my papercoin!' and 4mo later 'lemme tell you what to think about btc'
asciilifeform: embrace&extinguish bitcoin; often enuff not even operates w/ actual tx, but with paper surrogates.
mats: stablecoin issuers are now buying as much short dated commercial paper as the largest money market funds
asciilifeform: i suppose there's a little entertainment in 'i sold all of my papercoin!' and 4mo later 'lemme tell you what to think about btc'
asciilifeform: gregorynyssa: if you can somehow interfere with this (i.e. set things up so that holding the real thing confers advantages which paper cannot) then have a chance at a depaperized coin.
snsabot: Logged on 2021-06-08 16:06:59 asciilifeform: upstack -- imho bitcoin 'went only half-way' -- we don't know what a 100% debasement-proof currency would look like; would need to be paperization-resistant, not merely publicly-ledgered and deterministically-inflating.
snsabot: Logged on 2021-06-08 16:06:59 asciilifeform: upstack -- imho bitcoin 'went only half-way' -- we don't know what a 100% debasement-proof currency would look like; would need to be paperization-resistant, not merely publicly-ledgered and deterministically-inflating.
asciilifeform: upstack -- imho bitcoin 'went only half-way' -- we don't know what a 100% debasement-proof currency would look like; would need to be paperization-resistant, not merely publicly-ledgered and deterministically-inflating.
snsabot: Logged on 2020-08-16 12:55:18 asciilifeform: as for the papercoin-holding speculator scum -- imho the sooner they get the fuck away from btc -- and stay thefuck out -- the better.
asciilifeform: trinque: depletion of circulating coin only constrains the price for purchasers of genuine (rather than paper) coinz, however
asciilifeform: primo example: idjits buying up paper btc.
asciilifeform still astonished that there was, all the way to almost present-day, supposedly somewhere in usa where one could sell coin for paper moneys w/out fingerprints !
trinque: https://images.ctfassets.net/2d5q1td6cyxq/5sXNrlEh2mEnTvvhgtYOm2/737bcfdc15e2a1c3cbd9b9451710ce54/Square_Inc._Bitcoin_Investment_Whitepaper.pdf << they claim they're building own infrastructure for custody
asciilifeform: http://logs.nosuchlabs.com/log/asciilifeform/2020-11-26#1025395 << depends, ~what~ exactly they're accumulating. (i.e. is it actual, not seg-shitness coinz? on trb-compat.client? and, not sitting on prb/microshit? or is it papercoin ? or which. these aint equivalent.)
asciilifeform: thimbronion: admittedly i slept through this event. but my immediate q is, whether this was a buy of paper promisecoin or the realthing.
asciilifeform: as for the papercoin-holding speculator scum -- imho the sooner they get the fuck away from btc -- and stay thefuck out -- the better.
snsabot: Logged on 2020-05-05 19:44:52 asciilifeform: thimbronion: is a thing, but observe that 'paper bitcoin' also a thing. and accts for some unknown % of the exch value.
asciilifeform: some scammer promising 'i will give x usd for y paper shitcoin certificates' aint a 'peg' in any meaningful sense.
asciilifeform: imho also not coincidence that that was roughly when leveraged 'paper btc' was introduced.
asciilifeform: i'm aware of what it normally refers to. but dun see a significant diff b/w it and 'legitimate' ops where folx pay for supposed titles to imaginary objects ('paper gold', 'paper coin', etc)
asciilifeform: i wouldn't be astonished if the usd exch rate, after a hypothetical complete removal of the 'paper coins', were closer to $10 than the current number.
asciilifeform: thimbronion: is a thing, but observe that 'paper bitcoin' also a thing. and accts for some unknown % of the exch value.
asciilifeform: thimbronion: in fact not unrelatedly to your earlier thread. will be interesting to see what coin exch rate is w/out the 'paper' coin.