Frogolocalypse

14 ms·

91.
by Frogolocalypse 9y ago
That service only includes a subset of listening nodes. That variant of node is only a fraction of the full nodes used to validate the bitcoin blockchain. http://luke.dashjr.org/programs/bitcoin/files/charts&
92.
by Frogolocalypse 9y ago
> Now imagine Ethereum. It was ICO'd, talking in today's terms. Is it a security? (hint: SEC just admitted it's not) I didn't see any admission like that. Quite the contrary. I think the statement pretty clearly p
93.
by Frogolocalypse 9y ago
> The main point here is that there's absolutely nothing innovative about BTC anymore That demonstrates a fundamental lack of understanding of what makes bitcoin valuable, and what separates it from all other competitors. Bitcoin n
94.
by Frogolocalypse 9y ago
> Why are Litecoin's transaction fees multiple orders of magnitude smaller than Bitcoin's? Supply and demand. People pay more to transact in bitcoin, because it is more secure, because it is more decentralized.
95.
by Frogolocalypse 9y ago
Like i said...
96.
by Frogolocalypse 9y ago
That's a really interesting insight. Thanks.
97.
by Frogolocalypse 9y ago
And here i thought i was being clever...
98.
by Frogolocalypse 9y ago
You fail on number one I'm afraid, and go down from there. 1. By that rationale, buying baseball cards is buying a security. Maybe if you were the ISSUER of the cards, you'd have a point. But even then, it's tenuous. May
99.
by Frogolocalypse 9y ago
Because the issuers of the token (management) don't directly benefit from its use. It is the selling and profiting off the token that makes it a security. If it provides utility to the participants and doesn't provide a direct i
100.
by Frogolocalypse 9y ago
> a card that entitled you to some fraction of that baseball player's future income I think i have an idea for a new ico.... Call it : sportico!
101.
by Frogolocalypse 9y ago
Can't see any reason why they wouldn't. This seems all very straightforward. It looks like the advice is going out now to inform the market there are likely to be issues with many ICO's, and especially new ones.
102.
by Frogolocalypse 9y ago
Not 100%, but a lot, for sure. I definitely read it as most.
103.
by Frogolocalypse 9y ago
What's funny in bitcoin, of course, is that none of those coins were sold, nor were they offered for sale.
104.
by Frogolocalypse 9y ago
I think that is a very considered and wide ranging statement. The proof is in the pudding though. He looks like he has called out some ICO's, but until enforcement proceedings start, it is still not clear. I can't see how any p
105.
by Frogolocalypse 9y ago
http://open.edu.au partners with a number of Australian universities like RMIT and Griffith, and five or six others, to deliver all of the content online. However each subject generally still has an invilgated exam. From what
106.
by Frogolocalypse 9y ago
Miners require nodes, so they have them too, because without nodes they can't source transactions. Every node, applying consensus rules, extends the blockchain by accepting valid blocks that meet consensus rules. We have had a year lo
107.
by Frogolocalypse 9y ago
Only if you don't like recognising a store of value when you see one.
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by Frogolocalypse 9y ago
Risk = reward.
109.
by Frogolocalypse 9y ago
> Ethereum is already better-equipped to scale and the protocol is actively evolving That is laughably false. Ethereum node decentralization is cratering, because it is becoming impossible to even synchronize a node anymore. I'd
110.
by Frogolocalypse 9y ago
Who do you think you're kidding? It works exceptionally well as a store of value, regardless of volatility. It is approaching an increase of value of 100x in three years.
111.
by Frogolocalypse 9y ago
The miners are incentivized not to undertake the attack you envisage because the outcome of such an attack is a fairly routine modification of the consensus protocol to an alternate Proof-of-work algorithm, which instantly renders all of th
112.
by Frogolocalypse 9y ago
They don't verify transactions actually. That is what nodes do. They retrieve valid transactions from nodes, order them, and then hash them according to the consensus proof-of-work algorithm, which in this case, is SHA-256, until it
113.
by Frogolocalypse 9y ago
The purpose of this restriction is to protect the decentralization of bitcoin nodes. It is this decentralization of nodes that separates bitcoin from every other crypto competitor, and by some margin.
114.
by Frogolocalypse 9y ago
That makes no sense at all.
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by Frogolocalypse 9y ago
Proof of stake is not trustless.
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by Frogolocalypse 9y ago
The fact that it isn't working yet, if it ever works at all, is a good indication of the problems faced.
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by Frogolocalypse 9y ago
http://edition.cnn.com/2012/10/18/us/elephant-hair/index.htm...
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by Frogolocalypse 9y ago
> Sorry but non of this sounds very convenient or useable Then you don't understand how bitcoin works, so it's probably best you refrain from commenting on bitcoin architecture. https://www.youtube.com/watch?tim
119.
by Frogolocalypse 9y ago
I'm the one who understands why all of the forks you support fail mate.
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by Frogolocalypse 9y ago
I'm the one who understands why all of the forks you support fail mate.

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