The below is an off-site archive of all tweets posted by @lopp ever

February 18th, 2014

Get interviewed about Bitcoin, first question: “How many bitcoins do you own?” Answer: *facepalm* “How many dollars do you own?”

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@cryptotraveler Dude, isn’t this like the 6th banker in a few months. Think they’re being “suicided?” Or worse, have good cause to jump?

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@JPScoopZ If coinbase goes down / gets hacked, you may very well lose your coins. OK to use them as a hot wallet for small amounts, I guess.

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@JPScoopZ I don’t recommend hosted / web wallets that have access to your private keys. Blockchain.info supposedly doesn’t.

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@kyledrake You don’t consider the ability to rewrite transaction IDs a weakness? Though yes, the problem is manifested due to implementation

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@HiFiLoRau She wants to snag an early adopter?

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@JPScoopZ Crypto requires a new type of thinking due to its irrevocable nature. We’ve seen waves of newbies making the same mistakes.

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@antiballgame Nobody can predict the future. I’m terrible at it. I initially laughed off Doge as a joke. Couldn’t have been more wrong.

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@Bradsaidel @antiballgame Wise shibes jump at new opportunities.

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@antiballgame Also, it looks like DOGE is still one of most profitable to mine. Plus I think that it actually has a bright future.

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@antiballgame I’ve seen a number of variations of proof-of-work, but IMO the users of a cryptocurrency don’t care about the mining algorithm

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@antiballgame To be honest, there are too many alt-coins to keep track of them all. I hadn’t even heard of RIC. Just another primecoin?

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@kyledrake Sure, there is a weakness in the protocol. But that’s not an excuse for Karpeles to blame Gox’s buggy wallet solely on Bitcoin.

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@janie_austin @EdFelten Best case: it becomes THE global payment system, people abandon govt issued currencies and they become worthless. $∞

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@janie_austin @EdFelten Worst case scenario, faults are found and it is exploited to the point that all confidence is lost: $0

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@janie_austin @EdFelten Depending on adoption and whether or not a catastrophic event occurs, somewhere between 0 and infinity dollars.

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Discussion about timezone usage on Bitcoin dev list. Consensus seems to be to use UTC. As a programmer, I agree; TZs suck & are best ignored

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@janie_austin @EdFelten Correct, though CEO of Gox continues to blame Bitcoin for their own screw-up. Many price indices have de-listed Gox.

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Eclipse locking up: sign to surf web.
Crashing: sign to take a walk.
Crashing & losing your work & project configuration: sign to go home.

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@emilepetrone Congratulations, you won the jackpot!

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@mikestable That’s on my bucket list! The vomit comet, not Kate Upton.

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.@EdFelten did a great job answering questions about Bitcoin on C-SPAN today. I loved the gold bullion question. c-span.org/video/?317779-…

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@janie_austin @EdFelten Since Gox doesn’t allow withdrawals, it’s not really an exchange. There is much fear about their future, thus crash.

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@janie_austin @EdFelten I can answer that. Gox is not allowing withdrawals of fiat OR of bitcoins; there are rumors they are insolvent.

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@emilepetrone Our IT guy used to be an Apple genius; says actual SSD failures are incredibly rare and it’s usually an Apple firmware error.

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@emilepetrone First SSD failure I’ve ever heard of. How did it fail?

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@emilepetrone Solid state is solid, bro.

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“Bitcoin will go the way of Napster and Kazaa.” - not a great analogy. I predict Bitcoin will go the way of Bittorrent. /cc @codinghorror

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@EdFelten Regarding mining when block reward reaches 0: you missed the fact that miners also get to collect transaction fees.

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Props to @johncusack for telling it like it is regarding Obama, NSA, et al. reddit.com/r/IAmA/comment…

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@endurion The dollar hasn’t been backed by gold in 40 years. In fact, 0 countries back their currency w/metal today. en.m.wikipedia.org/wiki/Gold_stan…

via Twitter for Android in reply to endurion