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For a few hours i was a millionaire. My story :

1014 sats \ 25 comments \ @llamabyte 1 Aug 2023 meta

I thought my investments in SN were starting to pay dividends, despite not having any investments in SN.

I thought my recent award winning article was really really appreciated.

Then some ass says it was a bug and now i have to explain some quite vulgar and final words i made to my boss, and my wife.

https://imgprxy.stacker.news/di5dZqWunMMH5nzFUe4VMeYtu09kWaUwy1BvexjEwIE/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmliYi5jby8zTVduS1BiL3N0YWNrZXItbWlsbGlvbnMucG5n

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110 sats \ 2 replies \ @grayruby 2 Aug 2023

When I was a kid I had a kids savings account at the local bank. When you turned 12 they made you switch to a regular account joint with a parent. My mom took me to the bank to switch the account after I turned 12. Somehow during the account conversion the teller accidentally deposited a 7 figure number starting with a 7 into the kids account. Not sure if she was trying to type in the account number for the new account or a confirmation number but she printed out the updated passbook to show the final balance before she caught the error. She did catch the error and the new joint account did not have 7 plus million dollars in it but I do still have that passbook from the kids account to commemorate the one minute when at 12 years old that I had over 7M.

Better to be a satoshi millionaire anyways.

121 sats \ 1 reply \ @grayruby 2 Aug 2023

On a side note, my son is now 13 and he has no bank account, only bitcoin.

20 sats \ 0 replies \ @everysatscount 1 Sep

Great choice

21 sats \ 3 replies \ @beorange 2 Aug 2023

0.152 BTC is great, but not life changing, at least in a big part of the "western world". One day perhaps...

100 sats \ 2 replies \ @l0k18 2 Aug 2023

Maybe so but who wants to live in a places where the cost of living is rising so fast that only bitcoin is keeping ahead of it?

Plenty of use in 15 Megasats even in second world countries. That would have paid my rent in a fairly central commieblock apartment in Sarajevo, and the utilities, including internet, for a WHOLE YEAR.

If I was ok with living in an even poorer place than that, it would have been enough to disappear, including transport there.

200 sats \ 1 reply \ @deleted231216 2 Aug 2023

For me 0.152 BTC would be almost 2 years living costs.

0 sats \ 0 replies \ @kepford 2 Aug 2023

Wow

10 sats \ 0 replies \ @Atreus 3 Aug 2023

Whenever you make "Fuck you money," be sure to double check before you actually say it 👀

10 sats \ 0 replies \ @BBitcoinUSA 2 Aug 2023

Your wife will be fine, definitely apologize to your boss

10 sats \ 1 reply \ @elvismercury 1 Aug 2023

An opportunity for growth. I keep telling myself that.

0 sats \ 0 replies \ @llamabyte OP 4 Aug 2023

It actually was inspiring. For a few moments i thought i had a bunch more money. Now i feel motivated to actually have that money .

0 sats \ 13 replies \ @l0k18 2 Aug 2023

I think it's interesting karma that after making a statement that in effect promotes the idea of arbitrary emission rates gets hit by an error caused by a mistake in controlling the emission of rewards.

Maybe someone "up there" is trying to point something out to you?

0 sats \ 12 replies \ @llamabyte OP 2 Aug 2023

Are we cross-post stalking now ?

I think it's interesting how you refuse to answer inline on the relevant thread about things you do not understand about DriveChain and invented out of nothing, but pop up randomly on an entirely unrelated topic to further not answer anything.

1 month and three days. Congrats again.

0 sats \ 11 replies \ @l0k18 2 Aug 2023

No, I didn't connect the two things together until I saw the feed just now, and then thought to myself "ohh, that's that guy!".

Also, please continue to assume I am stupid, that's helpful for me.

0 sats \ 10 replies \ @llamabyte OP 2 Aug 2023

I'm not assuming you're stupid, i know you are evasive.

Lots of people would love to know how DC introduces arbitrary emission rates in bitcoin. Heck i bet you would win the Nobel prize.

After you come around to that, in ayear or so, maybe take a shot at the other random shit you said about DC increasing "throughput" a completely open ended term that could mean anything from increasing demand to overburdening miners and beyond. One meaning increases network security, and the other being conjecture.

I fully expect you to ghost at this point or introduce some other non-sequitur. See you in a week on my next post about yellow bathtub ducks !

0 sats \ 9 replies \ @l0k18 2 Aug 2023

Ah, see, I couldn't stop myself from checking in in the late afternoon, been busy fixing clogged drains and greasy cooktops.

There is nothing added by DCs except complexity and some degree of trust problem. Is it federated/(delegated) Proof of Stake or this sort of thing? If that means the powers that be in this little "side chain" decide, your "pegged" bitcoin token can still be removed from your ownership. Instead of a simple protocol vulnerability, they might exploit human vulnerabilities, acquire the keys of other signatories, or who knows what other creative mischief they can get up to.

If it is proof of work, then it's got a problem with opportunistic, and even automated profit seeking systems like NiceHash. I was already writing a prototype proof of work based on extremely large integer long division in 2018. I'm not new to this. I was using Nicehash, and then had 0.12BTC not get paid out to me, like so many others. And then there is also exploits that involve other protocol vulnerabilities, timing attacks, all kinds of ways can disrupt these systems.

The next innovation in this space will come out of another L2 and/or L3s going on top of LN, and maybe this Ark thing and other projects that are not trying to reinvent the wheel like DC is. I wouldn't even have a clue what the next thing that will be as big a deal as LN will be. I like to think that Indra will be, but I gotta finish writing that thing yet.

You might think it's different, but all the cryptography I am aware of involving multisig and threshold quorums and such have all the fun vulnerabilities of democracy itself, and add on the as yet not prosecuted ponzi schemers who can bring their ill gotten tokens to piss in a DC pool and maybe they can even wrangle to have an undue amount of bitcoins "accidentally" signed into their control.

There's probably more ways to break DCs than I have listed here or previously mentioned. I'm just telling you this because I think you are overly confident in them because you don't know how many ways these systems can be wrongly designed.

0 sats \ 8 replies \ @llamabyte OP 2 Aug 2023

Is it federated/(delegated) Proof of Stake or this sort of thing?

Again, this has nothing to do with DC. How can you write so much about something you don't know about and have not even looked up the basics about. I guess you enjoy wasting time. bye troll

10 sats \ 7 replies \ @l0k18 3 Aug 2023

When drivechains first marketing point is not a hostile attack on the credibility of bitcoin I'll start paying attention.

https://www.drivechain.info/blog/hard-to-understand/

But unlike SegWit, it is possible for a Drivechain txn to follow all the rules, yet still result in “theft”. Namely: it could follow all of the mainchain rules, and all Drivechain rules, but it might break one of the sidechain’s rules (of which the mainchain is ignorant, by design). Thus, mis-withdrawals are possible – they just take 3-6 months to go through (as do valid-withdrawals).

Oh, mis-withdrawals. Extra sidechain rules. It's DAO in another guise right?

Like I said: Social Engineering Attacks.

And how long before new tokens? And who decides the emission rate? Doesn't seem like drivechain takes the notion of authenticity of the chain of custody very seriously, putting quotes around the word for misappropriation of property.

Nobody is going to take this crap seriously, it has nearly zero chance of doing any better than any shitcoin, and nearly zero chance of not being used to launch yet another ponzi scheme, with deliberately complex sidechain rules that some people already know how to exploit.

0 sats \ 6 replies \ @llamabyte OP 4 Aug 2023

Yay. You made it though a whole paragraph. Way to cherry pick. Enjoy them . I hope they give you the shits.

Litterally answers that in the next paragraph.

How are you able to go through life half-understanding and half reading things.

In the case of a DC rule that breaks a sidechain rule, this still does not break bitcoin. For instance, if some bug or unintentional side affect leads to a withdrawl, that withdrawl is made back into bitcoin. We know who benefits from it and have time to prepare for 3-6 months. This is the role of bip 300, hash escrow.

If you never want anything to do with DC or a sidechain , you don't have to. You can keep using bitcoin as you have, but in an even more secure network as the increases in miner incentives benefits the whole network

See where he says mainchain is ignorant of the sidechain rules by design ? That means no one gets to change bitcoin emmission. The emission of the token project on the sidechain is determined by the project's devs. If sovereing investors want to accept a different emission rate on the side chain or a risk that an withdrawl might happen by accident but the trade-offs are worth the risk, that's up to them. Like anyone who chooses vanilla over strawberry icecream.

What drivechain allows for, that other projects like eth do not, is market accountability and transparence. ETH and Vitalik can and will (and have) just fork their bugs away, and keep the project going if a large enough theft happens . The trustless , CEO'less environment of bitcoin means only valuable projects will survive scrutiny. From first principals, ETH violates economic sound money. From those same first principals, ETH on Drivechain is improved by them.

Nobody is going to take this crap seriously, it has nearly zero chance of doing any better than any shitcoin....

Your low attention span and ability to read entire articles is disturbing. In my article are several well versed bitcoin devs who are taking it seriously.

congrats on one month and four days or however many.

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