New_California

11 ms·

61.
by New_California 5y ago
This article is crap: 1) Claimed redirection from .onion to .com does not deanonymize the user. 2) Protonmail does provide e2e encryption. It's just that you auto-update your client (a JavaScript app) every time you visit the websi
62.
by New_California 5y ago
Do you really want to ban holding 12 words in your head? Or maybe you meant private keys to remain legal but let's ban cryptographic signatures? What exactly do you want to make illegal?
63.
by New_California 5y ago
I believe in free market capitalism and you are incorrect. Please see my recent comments history for the "why PoW".
64.
by New_California 5y ago
BTC is monetary policy. People can hard-fork away with any monetary policy but that simply won't be Bitcoin. Would Bitcoin remain dominant over altcoin with changed monetary policy - that is another matter - and indeed not 100% certa
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by New_California 5y ago
Community is unique. You can't clone the community.
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by New_California 5y ago
No, Bitcoin will never add tail emission, because 21m cap is the very definition of Bitcoin. If enough transaction fees won't come then Bitcoin would have failed. Monero is changing (hard-forking) regularly, so your point is broken o
67.
by New_California 5y ago
You are correct on the Bitcoin-is-easy-to-trace point but transactions in the Bitcoin Lightning Network are instant and very cheap. Bitcoin is the only cryptocurrency with guaranteed-not-to-change monetary policy and supply cap. That's
68.
by New_California 5y ago
Coinbase is successful b/c it went against the HN crowd wisdom. On the very HN thread Brian Armstrong announced his Coinbase idea the participants widely expressed skepticism.
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by New_California 5y ago
Bitcoin was completely and totally missed by HN and more broadly by Silicon Valley. Only recently the SV/HN community is catching up and waking up to cryptocurrencies - and still hesitantly.
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Ask HN: Tool or framework to monitor arbitrary services and protocols?
1 points by New_California 5y ago|0 comments
71.
by New_California 5y ago
Keynesian vs Austrian once again - lets agree to disagree.
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by New_California 5y ago
Bitcoin is here to stay.
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by New_California 5y ago
On the contrary, the Bitcoin based global financial system would be robust, reliable, dependable, non-inflationary, neutral, and apolitical. Note after hyperbitcoinization the volatility would be much lower than it is today, simply because
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by New_California 5y ago
You lost me at "blockchain".
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by New_California 5y ago
It seems he did succeed in changing the User-Agent.
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by New_California 5y ago
Very many examples. EOS (dPoS) reversed transactions multiple times while being top 10 at the time: https://cointelegraph.com/news/eos-reverses-previously-confi... Ethereum Classic was attacked multiple times with chai
77.
by New_California 5y ago
The goal is to maximize immutability, not minimize energy usage. Energy expenditure is what roots Bitcoin in reality and what protects against changes (you would have to expand even more energy to change). Other blockchains are relatively
78.
by New_California 5y ago
Bitcoin is very practical for me. I use it primarily to protect my savings, but also to send anonymous donations to causes I support.
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by New_California 5y ago
Systemic risks in Bitcoin do exist but primarily around fungibility and privacy. Risks strictly related to PoW, hashrate volatiliy, or "51% attacks" are not existential by any means. We do know how to mitigate them and multiple ex
80.
by New_California 5y ago
Bitcoin is meaningfully decentralized because miners alone do not decide the fate of Bitcoin - there are also users, businesses, and developers as major actros. The 51%++ actor cannot kill Bitcoin, only cause inconvenience. The worst that c
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by New_California 5y ago
Thank you for providing technical details.
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by New_California 5y ago
Bitcoin actually has this "magic" property of being very, very hard to change. It is derived from community extremism against changes and from the huge number of players who would need to agree and then huge number of existing dep
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by New_California 5y ago
Bitcoin is the only cryptocurrency that is very hard to change. This property is critical for sound money, including for the emission schedule. Other coins are easy to change and so cannot be relied upon to preserve any properties, includ
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by New_California 5y ago
No, Cardano is still centrally coordinated, with an intention to go actual PoS some day.
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by New_California 5y ago
You may like this: https://www.coindesk.com/frustrating-maddening-all-consuming...