@10grans withdraw 0.093233333336666665
I transferred what you gave me out of the bot and into my hardware wallet, lol. But you can see my hardware wallet address with your tip in it, and it clearly states its worth 10$:
https://ubiqscan.io/address/0xeafed38122b733feeddc1326fd77e767494a30c3
@Coyote @icedquinn @10grans @doktorzhivago @mystik @Genen @Johncdvorak @genen @freemo I don't work for tips
@Coyote @icedquinn @10grans @doktorzhivago @mystik @Genen @Johncdvorak @genen @freemo Woohoo. Triggered. We need price discovery for creative content. Positioning it as as "tipping" is not just semantics. Words matter. Change your words, change your world.
The bot itself is, but the coin and blockchain they pull from isnt. I can transfer you 10grans without going throught he bot or I can set up my own bot that is able to hand out 10grans in the same way as the main bot. The bot is just a gateway to a decentralized tech.
@10grans @adam @Genen @doktorzhivago @Johncdvorak @genen @Coyote @icedquinn
@freemo @mystik @10grans @adam @Genen @doktorzhivago@liberdon.com @Johncdvorak @genen @Coyote @icedquinn it sounds like he means "not your keys, not your coins" or that if you don't have the private keys (which exist on the bot or the CEX side) that you don't have "control" of your coins.
Example, you put coins on Coinbase & then they ban you & then no more coins.
* coins not keys, you can withdraw your coins.
@mystik @10grans @adam @Genen @doktorzhivago @Johncdvorak @genen @Coyote @icedquinn
@Coyote @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc I’ve seen this idea come and go and come and go. We used to tip bitcoin directly to addresses in signatures for helpful forum posts. Then there were services like changetip and the like for small value off chain transfers. Now there are newly invented tokens to do the same. Maybe they’ll have tipping NFT’s down the road. Lightning tips make more sense
@Coyote @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc it is tipping using a valuable token (bitcoin) via routed payment channels (lightning). All the tipping happens trustlessly, so it is your keys and they are your coins, but off chain so you don’t have to tell the world about it and pay high fees.
@mystik @joshbdoc @10grans @drbitcoinmd @freemo @Coyote @icedquinn oh, it’s all a lie. How original.
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@Coyote @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc lol, there is no fight here. Misunderstandings about lightning and utility tokens, sure, but not fighting. There is nothing to fight about. Just common thought mistakes to correct.
@mystik @joshbdoc @10grans @drbitcoinmd @freemo @Coyote @icedquinn forgive my brevity. It’s trustless in the sense that you can guarantee you never lose funds by choosing to act when intermediaries behave badly. You must trust yourself to act. But other than that, you need not trust anyone else.
To be fair its not even unique in the sense of being a social media currency where good content is tipped. There are multiple cryptocurrencies that are inteaded to drive content in that way including on social media in general.
This is however the first time its been attempted on the fediverse.
Here is a crypto designed to fuel a decentralized social media network (not unlike the fediverse but crypto):
Here is a crypto of this nature for video and audio content:
@freemo @Coyote @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc if someone is inventing a new token to make tipping work, it’s dead in the water. I wouldn’t think too hard about it (presuming you’ve thought through this before). Not saying the devs are scammers by intent, but those making new tokens are scammers by definition…which includes people unwittingly doing something scammy and stupid.
I think that depends largely on the nuance. A person creating a new token that fills a real need and at the same time distributes the ownership of the initial tokens fairly without favoring the creators is not by any means a scammer.
@freemo @Coyote @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc disagree. They’re not intentionally a scammer. There is no such thing as creating a new token to meet an unmet need any more…people create a token to incentivize those working towards a particular goal perhaps, but that’s just fundraising. Whatever it is you feel you can’t do without a new token is the scam part. It is ignorance.
I disagree, people create tokens that fullfill needs all the time. Holochain for example is a relatively new token that facilitates distributed computing with distributed payout and no oone owning the network... That is not something you could have done with existing tools in a way that is garunteed trustworthy.
@Coyote @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc this is a very old debate that some of us have been through dozens of times. It is tiresome to keep explaining it to people who are incentivized & blinded by incentive not to understand.
Anyhow, here are some other simple apps you can create scam coins for, but have already been done with bitcoin:
Not sure it is from the CIA, but otherwise your right... it doesnt provide the garunteed on-chain security a smart contract does... Its basically an insecure bastardized attempt to patch bitcoin to provide functionality that seems similar to a smart contract but in fact is not remotely similar.
There is a reason ethereum (which provides smart contracts) had 12.5x gain int he last year while bitcoin only had 7x gain, and thats because bitcoin is archaic and cant be patched.
@freemo @mystik @joshbdoc @10grans @drbitcoinmd @Coyote @icedquinn have fun staying poor boys. I’m out. I encourage you to take a look at the last 5 years of history on this old and since settled topic. I’ve got a lot of fun things with family today. Have a good one.
Staying poor? Tell that to the market, EThereum has for over a year now been out performing bitcoin by more than 6x more (12.5x vs 7x)... bitcoin is a sinking ship relative to ethereum and the market knows it.
@freemo @mystik @joshbdoc @10grans @drbitcoinmd @Coyote @icedquinn I can only tell you your destination, not the the path you will take. I really gotta run. Kids and wife and adventure await!
See ya, have fun.
I have made **way** more money betting on ethereum throughout the years than bitcoin.. I think im good on my destination.
@mystik @joshbdoc @10grans @drbitcoinmd @freemo @Coyote @icedquinn lol, you are being humorous…at the very least a joke.
No one would argue that you cant create a scam coin.. of course you can.. the fact that you **can** create scam coins doesnt mean that all coins/tokens are scams however. There are plenty which are not and fill a need.
As for bitcoin, bitcoin doesnt have smart contracts (thought hey are trying to and some tools give a half-assed attempt at it), and as others have pointed out that means bitcoin can not functionally provide the level of trust a blockchain with smart contracts is capable of.
He seems to think all tokens are scammy by default.. I suspect he is really just one of those "bitcoin is the only coin that counts" and completely dismisses the value of smart contracts or tokens as a whole, possibly due to a lack of understanding.
@drbitcoinmd @drgo @icedquinn @10grans @mystik @joshbdoc @Coyote
@freemo @Moon @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc @Coyote Bitcoin is the only one that counts, and when you have properly thought through the problem you’ll reach the same conclusion. There is no such thing as two tokens that count (significantly count that is)
Thats not what the market reflects, nor the history.. bitcoin is on way out and other coins have been quickly overtaking it for some time.. Again ethereum has gained 12.5 int he last year while bitcoin only 7x, and thats simply because bitcoin is a failure due to its lack of smart contracts and any attempts to hack/patch in functionality that resembles smart contracts has and always will fail because the coin itself doesnt support it. Therefore you wind up relying on some authority as a middle man who can steal your coin at will and break the whole idea of crypto (decentralized and no middle man taking money).
@Moon @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc @Coyote
@Moon @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc @Coyote the definition of scam is the issue here…it’s not about intent. Lots of ideas have been tried and failed and lots of people don’t know the history here.
You can claim you need a token for file sharing or blog posts or music sharing or tipping, but there has been free code for all of these things using bitcoin for over 3 yrs:
That is entierly ignorant of the limitations of bitcoin... yes there have been solutions that attempt to use bitcoin to do this, all of them are ugly patches that inevitably have big issues that cant be fixed because bitcoin simply does not provide modern functionality.
@Moon @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc @Coyote
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Yea but keep in mind you can do that already manually.. you can withdraw and depost to the bot from your own private wallet.
@10grans @adam @joshbdoc @Genen @doktorzhivago @Johncdvorak @genen @Coyote @icedquinn
@freemo @mystik @10grans @adam @Genen @doktorzhivago@liberdon.com @Johncdvorak @genen @Coyote @icedquinn this would be like having a hardware cryptocurrency wallet (with its own private key) and then giving someone else your private key. Why would you trust anyone with your private key?
I want to point out that there **is** an aspect of centralization, one which leads to devaluation and ultimately invalidates the coin as a medium of value. Though it is something that could be easily fixed with a new crypto or migration of 10grans.
Basically moon owns and retains full control over the smart contract which minted the 10 grands int he first place. This means two things.
1) Moon minted the entire suppy of 15,000 grans and owns them all (except for the ones he already distributed for free)
2) Moon has the ability (and is the only one) who can freely mint new GRANS as he sees fit.
This essentially from any economic model means the coin has no true value as there is no limit on supply. If the coins are woth 1000$ each moon can just mint 1000 of them, sell them, and still a million dollars off the market. In the end this will insure the cvoins never have any true value (very few people will ever be willing to buy them).. they are about as valuable as air and always will be.
With that said if one were to create a coin that 1) had fixed rules as to how and when new coins are minted 2) all newly minted coins were distributed to the community in a fair way without moon having the ability to basically dip his hand in the honey pot... then I think we would see a crypto with some actual value and might be used more widely as a source of value for content.
@Moon @icedquinn @10grans @doktorzhivago @mystik @adam @Genen @Johncdvorak @genen @joshbdoc @Coyote
Converting it to fiat is trivial I can do it in a few minutes.. I just convert the 10grans to ubiq and then move that to gate.io and sell.
The issue is that the liquidity of 10grans is very small. That is if i had any quantity of 10grans I could probably only trade a few 100 before liquidity dried up and i couldnt sell anymore.
The liquidity isnt going to change nor will the value rise in any serious sense simply because as I said before, you hold the key to mint freely as much as you want for yourself and no one else. So naturally no one will ever see it as having real value as the liquidity will always be extremely low.
@icedquinn @10grans @doktorzhivago @mystik @adam @Genen @Johncdvorak @genen @joshbdoc @Coyote
@joshbdoc
Right, but you can just withdraw your keys from the bot to your wallet. So I'm not sure i see that as an issue, just never let your balance on the bot accumulate to anything large enough that it is more than the relative trust you have for the bot... For example keep 1$ max in the bot at any time and always withdrawl the rest to your own wallet.
It would also be trivial for moon to add a auto-withdraw feature where if your balance ever exceeds a certain value it automatically withdraws to your own wallet.
@mystik @10grans @adam @Genen @doktorzhivago @Johncdvorak @genen @Coyote @icedquinn