OK I'M GONNA ACTUALLY EXPLAIN HOW BITCOIN WORKS. THE COMPUTER GUESSES STRINGS OF BITS THAT ARE N BITS LONG TO CLAIM A COIN. THAT'S IT. IT'S JUST YELLING RANDOM NUMBERS AND WHEN IT GETS ONE RIGHT IT UNLOCKS A COIN. PEOPLE ACT LIKE IT'S SOME REALLY ADVANCED SHIT BUT YOUR COMPUTER IS BASICALLY YELLING "UHHHHH IS THE ANSWER 32" AND THE IS LIKE "NO" AND THEN YOUR COMPUTER IS LIKE "UHHHHH IS THE ANSWER 33"
@dankwraith THE ONLY POSSIBLE METHOD OF DETERMINING TRUTH. BLESSED BE. MAY ITS WILL BE GENEROUS TOWARDS US.
@dankwraith ok so why cant that be done with cpus instead of gpus
@patience GPUS ARE MASSIVELY PARALLEL SO YOU CAN GUESS LIKE, 500 RANDOM NUMBERS AT ONCE INSTEAD OF 4
@dankwraith ok, that makes sense,
who comes up with the new strings
@patience THE PROBLEM SPACE IS PREDETERMINED BY THE COIN CREATOR
@dankwraith feel free to ignore if you’re just having a chill time but if you’re up for explaining it... what kind of practical use can “finding the right number” for each of these problems entail
@dankwraith sorry if this is obtuse. i just can’t find a good explanation re: why these computations are helpful to anyone
@double THEY AREN'T, IT'S COMPLETELY POINTLESS
@ari ok, this doesn’t like “make sense,” but it helps me understand how the artificial value of the bitcoins is created, so ty very much
@double to copy from wraith: THAT'S BECAUSE IT'S LITERALLY A PYRAMID SCHEME BECAUSE MINING GETS HARDER THE LONGER IT GOES.
@Taweret @robotcarsley @double Bizarrely enough as I understand it bitcoin mining doesn't contribute all that much directly to carbon emissions. The cheapest source of energy is hydroelectric so they tend to cluster around that. It still does in practice though because we have to make more power to make up for the miners.
@dankwraith i have many bitcoins stored under my bed
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