--- Day changed Wed Jul 13 2016
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08:30 < proslogion> fluffypony: so what's with steemit? tks
08:30 < fluffypony> proslogion: no clue, probably a scam, but it makes for a nice enough blogging platform 
08:31 < proslogion> how does that proof of blogging thing work?
08:32 < fluffypony> from what I understand: people upvote you, the more Steem Power tokens they have the more their vote is worth 
08:32 < proslogion> ahhh
08:32 < pigeons> there is a complex system eventually resulting in a pile of tokens (this layer of tokens you cant remove or transfer except under a 2 year schedule)
08:32 < proslogion> got it
08:32 < fluffypony> Steem Power vests over time, but you can't touch it for like 2.5 years or something 
08:32 < fluffypony> so it's stake weighted voting, but the stake is locked up
08:32 < pigeons> the bigger your pie, the more your upvotes give of the inflation 
08:33 < proslogion> hmmm
08:34 < proslogion> so i am gonna need to accumulate a steeming pile of tokens i guess
08:37 < pigeons> they host your blog posts anyway
08:38 < pigeons> clearly there will end up with one node, but thats clearly not the point either
08:56 < fluffypony> lol
09:06 < OverlordQ> wut
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17:49 < belcher> an altcoin website is pumping joinmarket/bitcoin? https://steemit.com/bitcoin/@dnaleor/warning-dash-privacy-is-worse-than-bitcoin
17:50 < belcher> well, pumping == comparing it to darkcoin, doing an alright job of it but then i would say that
18:02 < pigeons> i "pumped" joinmarket there too, to give the platform a try https://steemit.com/bitcoin/@pigeons/snooping-attacks-on-joinmarket-mitigation-ideas
18:03 < belcher> ah ok
18:03 < belcher> pumping means promoting if you've been around the bitcoin community too long :)
18:03 < pigeons> i saw poeople getting "thousands of dollars" of altcoins for posting stuff so i posted waxwing's gist
18:04 < pigeons> but it didnt make any money. no boobs
18:04 < belcher> i remember a time when i could follow all the joinmarket posts easily and quickly
18:04 < belcher> you shouldve posted that on the subreddit tbh
18:04 < belcher> well actually, i guess since its just a copypaste of waxwing's gist
18:05 < pigeons> yeah i probably copied it from the subreddit
18:05 < pigeons> i was just playing around really
18:06 < pigeons> i should post about how i've discovered bitcoin amplication technology that will make your wallet explode
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