Sargos

29 ms·

271.
by Sargos 6y ago
In this case it would be their ability to prevent you from having to deal with crypto taxes since you just receive USD like normal.
272.
by Sargos 6y ago
This comment feels eerily like what people said at the beginning of the internet. It's useless and hard and doesn't do anything we can't already do. "I already have a radio". https://www.youtube.com/
273.
by Sargos 6y ago
That's from an end users perspective. From a merchant's perspective if they provide that QR code they now have the additional burden of custody of a bunch of crypto assets which means learning about, installing, making a specific
274.
by Sargos 6y ago
Hacker News is still trying to grasp Bitcoin so I feel like Ethereum is going to take another few years to even begin productive discussions.
275.
by Sargos 6y ago
Mastercard is a payment support platform. They take the burden off of the business owners and let them focus on their business instead of the minutia of interfacing with the financial system. That doesn't go away with cryptocurrencies.
276.
by Sargos 6y ago
>wealth is basically a function of the point in time of a person's switching to bitcoin more than anything else This isn't any different from other periods of great change in the past. A good chunk of the wealthy in the world a
277.
by Sargos 6y ago
It's taken decades for IPv6 to make inroads onto the internet. Network effects are extremely strong when it comes to protocols and it's not easy even after something better comes along.
278.
by Sargos 6y ago
On Safe: Smart contracts ensure only the right people have read and write access to the data with no way to cheat. The records are also safe in case of hardware failures so there's no way the data can be lost in an accident. Scalable:
279.
by Sargos 6y ago
Well yeah, blockchains are inherently doing what governments historically have done but in a safer, more scalable way. Anything that is just a public record that needs to be kept is a slam dunk for blockchains.
280.
by Sargos 6y ago
Alan Kay's vision of computing sounds a lot like Ethereum. Self-sufficient objects with their own URLs communicating and interacting with each other to form larger units. He was convinced this was the only way to scale large complex so
281.
by Sargos 6y ago
It's just Jeff Foxworthy
282.
by Sargos 6y ago
Many people thought the same thing. Here it is: https://twitter.com/BrantlyMillegan/status/13523156821934366... https://bitcoinwhitepaper.eth.link/ will always work to view the Bitcoin whitepaper
283.
by Sargos 6y ago
Ethereum is starting to use Proof of Stake which provides the same security as Bitcoin's Proof of Work but without the energy waste. Over the long run proof of work will cease to be used.
284.
by Sargos 6y ago
This is what IPFS does and most decentralized platforms under development are built on top of it.
285.
by Sargos 6y ago
>They went out of business within the year. Ah the good old days where people actually had more than one choice of internet provider. I miss those days.
286.
by Sargos 6y ago
Smoke Signal on Ethereum does this. Uncensorable messages. https://foundrydao.com/smokesignal/
287.
by Sargos 6y ago
I use a similar trick to save money by ordering a small and cutting it into 50 pieces.
288.
by Sargos 6y ago
Bitcoin is not a software program it's a protocol. It's better to compare it to HTTP which also hasn't had exploits.
289.
by Sargos 6y ago
Are you not aware that China has already done that? Multiple times in fact.
290.
by Sargos 6y ago
Are you learning specific things for a passion, hobby, or job or learning random facts and TILs?
291.
by Sargos 6y ago
>All the alt-coins exist only because BTC got too expensive and they wanted in Ethereum was explicitly created because Bitcoin doesn't support decentralized applications or really anything beyond sending tokens between humans. Vital
292.
by Sargos 6y ago
You stop growing physically bigger after around 20 years so this doesn't make any sense.
293.
by Sargos 6y ago
>Would you feel the same way of Bernie Madoff was better at hiding his stolen money and so he had to wait in jail longer before they started the trial while the investigators looked for it? If they have evidence that he defrauded people
294.
by Sargos 6y ago
I would be tried for fraud like Elizabeth Holmes is where evidence is presented. She is not currently in prison and has been living in a luxury apartment rather than a COVID dungeon like this man has been in for 5 years without trial.
295.
by Sargos 6y ago
This does not seem like justice to me. Are people actually okay with this? I feel like this is something we'd read about the king doing in the medieval ages and grimace while being glad we live in a "civilized" society. What
296.
by Sargos 6y ago
Grayscale runs GBTC and ETHE which are both 100% safe and regulated which you can buy from your brokerage. Coinbase and Gemini are both regulated and safe as well.
297.
by Sargos 6y ago
That would actually lower economic activity overall which would cause even more pain than people are in right now. Also with the worsened economic conditions the overall tax income even at the higher rates would fall leading for either the
298.
by Sargos 6y ago
It wasn't feasible to build an effective decentralized social network until a few years ago. It's still not really feasible today but thousands of people are working on it and progress is being made. I think email is a great examp
299.
by Sargos 6y ago
I'm an engineer not an educator. Sit in a room with me and a whiteboard and it would come across pretty easily. Also professional techies doesn't really mean much. If I throw out terms like sybil resistance, economic abstraction,
300.
by Sargos 6y ago
Facebook is not subject to democratic laws as they ignore most of them and only follow certain ones from a small group of about a dozen countries. A decentralized organization is governed by the public which is more democratic than other sy

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