3 ms·

Do you have examples of this, or just hearsay?

by ghayes 9y ago

coldtea 9y ago
Beyond the one we're already discussing?
corndoge 9y ago
the story you are commenting on is a good example it should not be this easy to lose sixteen million dollars
- patejam 9y ago
  I feel like we shouldn't be expressed in dollars, but in percentage of total funds. In this case 16 million is about 1% of the total. This would be a $16 billion case if the US banking system was the target and used this technology.
  - rubidium 9y ago
    That... doesn't make a difference in my mind. Losing 1% of people's money is _very_ unacceptable and worth being laughed at for. Financial institutions are accurate to tiny tiny fractions of percentage points. Not "eh we got 99% of it right".
    - hinkley 9y ago
      Especially when the odds are that it will happen again soon.
- Will_Do 9y ago
  Yes. If a similar scale thing were to happen in the U.S. banking system, 1% would be 160 billion dollars, not 16. I'm amazed that otherwise intelligence people really believe this is a better system than fiat currencies + banks.
  - JohnJamesRambo 9y ago
    *intelligent
  - xrd 9y ago
    Microtransactions.
legolassexyman 9y ago
You should ask yourself what the Bitcoin developers are doing while Ether takes their market share. The answer is the exact same thing, at https://elementsproject.org https://elementsproject.org Now why hasn't there been as much publicity about this? Is it because Vitalik Buterin is a wunderkind genius who simply beat them to market? Nope, the Bitcoiners are simply being more responsible and making sure they get the formula right before rushing to market.
- JohnJamesRambo 9y ago
  You sound very biased on this.
  - legolassexyman 9y ago
    I am very biased because I know the people at Blockstream have been thinking about this problem longer than the developers of Ethereum. Please see this article to get an idea of the personalities involved: http://www.newsbtc.com/2016/08/17/gregory-maxwell-vitalik-buterin-ran-quantum-computer-scam/ http://www.newsbtc.com/2016/08/17/gregory-maxwell-vitalik-bu...

Do you have examples of this, or just hearsay?

by ghayes 9y ago

Do you have examples of this, or just hearsay?

coldtea 9y ago

Beyond the one we're already discussing?

corndoge 9y ago

the story you are commenting on is a good example it should not be this easy to lose sixteen million dollars

patejam 9y ago
I feel like we shouldn't be expressed in dollars, but in percentage of total funds. In this case 16 million is about 1% of the total. This would be a $16 billion case if the US banking system was the target and used this technology.
- rubidium 9y ago
  That... doesn't make a difference in my mind. Losing 1% of people's money is _very_ unacceptable and worth being laughed at for. Financial institutions are accurate to tiny tiny fractions of percentage points. Not "eh we got 99% of it right".
  - hinkley 9y ago
    Especially when the odds are that it will happen again soon.
Will_Do 9y ago
Yes. If a similar scale thing were to happen in the U.S. banking system, 1% would be 160 billion dollars, not 16. I'm amazed that otherwise intelligence people really believe this is a better system than fiat currencies + banks.
- JohnJamesRambo 9y ago
  *intelligent
- xrd 9y ago
  Microtransactions.

legolassexyman 9y ago

You should ask yourself what the Bitcoin developers are doing while Ether takes their market share. The answer is the exact same thing, at https://elementsproject.org https://elementsproject.org Now why hasn't there been as much publicity about this? Is it because Vitalik Buterin is a wunderkind genius who simply beat them to market? Nope, the Bitcoiners are simply being more responsible and making sure they get the formula right before rushing to market.

JohnJamesRambo 9y ago
You sound very biased on this.
- legolassexyman 9y ago
  I am very biased because I know the people at Blockstream have been thinking about this problem longer than the developers of Ethereum. Please see this article to get an idea of the personalities involved: http://www.newsbtc.com/2016/08/17/gregory-maxwell-vitalik-buterin-ran-quantum-computer-scam/ http://www.newsbtc.com/2016/08/17/gregory-maxwell-vitalik-bu...