DINKDINK

45 ms·

391.
by DINKDINK 9y ago
"using all the infrastructure the public has funded to spin money out of thin air" In what jurisdiction[1] is electric-grid transmission and distribution publicly funded? You're charged for the cost of your electric service.
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by DINKDINK 9y ago
>They profited or earned money and it wasn't declared when doing their taxes. Speculation -- how can any conclusion about whether a tax violation occurred, if the IRS doesn't even have the information about the people who even
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by DINKDINK 9y ago
From the summons[1]: "The Narrowed Summons “do[es] not include users: (a) who only bought and held bitcoin during the 2013-15 period; or (b) for which Coinbase filed Forms 1099-K during the 2013-15 period.” (Id. ¶ 2.) According to Coin
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by DINKDINK 9y ago
Guess my password is safe, it seems it was skipped in the list: hunter1 - 3 times * * * * * * * - 28 times hunter3 - 2 times /s
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by DINKDINK 9y ago
>I don't know what you mean by the "domain of valid blocks". Blocks are considered valid by a consensus set if they have certain attributes. Consider each attribute an axis in a multi-dimensional space. One axis for the
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by DINKDINK 9y ago
>it's stupid to call a planned update everyone goes along with a "hard fork" No, a hard fork indicates a set of consensus rules that is incompatible with the current set of consensus rules. This occurs when the domain of
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by DINKDINK 9y ago
Rusty’s work is an amazing legacy. Very happy he’s working on developing Lightning Network on bitcoin for a few years now.
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by DINKDINK 9y ago
awesome! would be nice if the engine interperlated between parameter changes instead of getting those abrupt digital steps. >To get audio from another program, you can either physically connect your audio output to your audio input, or u
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by DINKDINK 9y ago
Thanks for including that. I had forget about that the act. My point still follows, power structures will always write laws that favor them over others.
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by DINKDINK 9y ago
Not the answer to your question but just another data source: Courts have barred companies from negatively discriminating against older job applicants but not against younger job applicants for not being experienced enough. The best theory&
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by DINKDINK 9y ago
>per the PATRIOT Act You're mistaken. That's the "Bank Secrecy Act" https://en.wikipedia.org/wiki/Bank_Secrecy_Act FTL: "Specifically, the act requires financial institutions to keep recor
402.
by DINKDINK 9y ago
Bitcoin is limited in the number of on-chain transactions it will allow but effectively limitless on-chain enforceable transactions. So yes, it can handle millions of transactions per second: https://medium.com/@melik_87377
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by DINKDINK 9y ago
>How can BTC survive 100 years if no one can download the massive blockchain? Most residential IPs enforce a 1TB/mo cap This is specifically why the bulk of the community has stayed on a chain that limits blocks to 1 MB blocks. If
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The Lightning Network Could Make Bitcoin Faster and Cheaper(wired.com)
2 points by DINKDINK 9y ago|0 comments
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by DINKDINK 9y ago
>The real-world median txn fee is far from $1.50... it's $13: The site you quote is showing the median transaction fee of each block. That's not what I stated: "The median fee for a typical transaction in the past week&qu
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by DINKDINK 9y ago
>How do you get that the median is between $8/kB and $4/kB from that page? I assume you are looking at the middle chart: The middle chart is showing the median of that block's fees. I'm referring to the median of the
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by DINKDINK 9y ago
>The average Bitcoin fee is now $40 Deception and inaccuracies in your statement: * You're using an average function in a non gaussian distribution. * Fees in a blockchain are a function of the transaction size * You can have multip
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by DINKDINK 9y ago
Pruning only reduces the permanent storage required. You still have to deal with bandwidth, io demand / sync time.
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by DINKDINK 9y ago
Actual disk-storage-use* data here: https://anduck.net/bitcoincore_vs_geth_full_node_stats.png Ethereum's blockchain has a growth rate 2X bitcoin's. If it continues to grow at this pace, it'll eclipse 1 TB i
410.
by DINKDINK 9y ago
>Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Except that ethereum is lying when they say
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by DINKDINK 9y ago
>As potentially better examples: contributions to the bitcoin repository tend to How about a better example: contributors to the bitcoin repository tend to be targets of digital theft.
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by DINKDINK 9y ago
>I also think Sessions should enforce every law Do you appreciate what that would entail? Laws exists on the books so that when the political class wants someone squashed, they can. They are swinging swords of Damocles above the throats
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by DINKDINK 9y ago
"Nothing is Cheaper than Proof of Work" - http://www.truthcoin.info/blog/pow-cheapest/ I'm glad they're finally launching there PoS fork so it can have its inevitable outcome.
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by DINKDINK 9y ago
Bitcoin's store of value proposition comes from two things. It's controlled issuance schedule and two the hash scarcity from mining. You can clone a coin a million times but you cannot duplicate hash scarcity.
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by DINKDINK 9y ago
Not only has the Lightning Network been implemented across three codebases, version 1 release candidate was released a week and a half ago: https://medium.com/@lightning_network/lightning-protocol-1-0...
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by DINKDINK 9y ago
>because debt is the same No, not all debts are the same: Debts That Cannot Be Discharged in Bankruptcy https://www.thebankruptcysite.org/nondischargeable-debts
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by DINKDINK 9y ago
>The average "unbanked" person in a third world nation couldn't afford a $20 transaction fee for their ordinary transactions. Someone in a country, who has the equivalent of $800 is life savings, is experiencing hyperinfla
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by DINKDINK 9y ago
>1-MB block size limit ensures mass adoption of Bitcoin There is nothing stopping anyone from tweaking consensus rules to their liking. This is what the bcash team did. Sounds like you're mad at people who didn't adopt bcash.
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by DINKDINK 9y ago
OP was discussing the engineering trade offs associated with engineering a blockchain. Every group engineering a blockchain makes the types of choices he was referring to. To assume he's talking about Bitcoin Core makes you seem like
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by DINKDINK 9y ago
>The vision of Bitcoin Core that you’re... No one was discussing the Core implementation of Bitcoin. Why do you bring it up. OP was discussing the engineering trade offs associated with engineering a blockchain. >The idea if the vast

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