Taek

35 ms·

481.
by Taek 5y ago
I operated an online store selling $2,000 pieces of computer hardware, and both credit card companies and banks alike refused to service us because fraud rates were extremely high. If you think fraud rates are extremely low, you've nev
482.
by Taek 5y ago
It's only in the interest of the merchant if they are selling items that have a low enough chargeback rate. Credit cards and clawbacks work great in-person and for low value online merchandise but it's non-viable for online high r
483.
by Taek 5y ago
That's a little strange to me. As a reviewer, I find it substantially easier to read 30 commits that are 20 lines each than one commit that is 200 lines. Bite sized ideas are really easy to digest. Maybe the real complaint is that the
484.
by Taek 5y ago
The chargeback returning the money to the rightful owner doesn't help the merchant who shipped $6,000 of hardware to some stranger. Certain types of electronic sales simply can't be done online because of the high rates of fraud.
485.
by Taek 5y ago
It's not that merchants are inherently more trustworthy, it's that the buyer has ample opportunity to research the merchant and establish credibility. If there's a merchant that only accepts crypto and the buyer can't ge
486.
by Taek 5y ago
At least up to this point, the amount of growth in the industry from moving fast and having buggy software (as opposed to moving slow and having fully verified software) has more than made up for all the hacks. For every $600 million dollar
487.
by Taek 5y ago
The appeal for irreversibility is the complete removal of counterparty risk. It's a sharp edge and you need to be structured/careful, but for certain types of transactions, the cost of being careful is 100x cheaper than the cost o
488.
by Taek 5y ago
It used to be very strange to me, but honestly think the answer is that a large number of HN community members are - somewhat ironically - very closed minded. Once you start to think in that framework you see it everywhere, and it goes all
489.
by Taek 5y ago
I also like the theory that it helps Netflix collect data better. I'm sure both elements are at play.
490.
by Taek 5y ago
It gives you a lot more information. Where you travel, who you travel with, what types of content you associate with different regions, how much you share with friends, how your preferences change as you hang around different areas and indi
491.
by Taek 5y ago
Any chain can exist with a single miner on it, and anyone can be that miner. Users do not need the consent of miners to execute a hardfork and migrate to a new chain. Miners do not control or determine hard forks. This has been demonstrate
492.
by Taek 5y ago
Anyone who runs a full node can decide any set of rules they want to follow. You can incentivize miners to mine on your fork by providing block rewards. If you pay people to do something, at least some of them will. The ETC fork would have
493.
by Taek 5y ago
This is a general misconception about how consensus works in blockchains. Miners can choose whether or not to adopt a "soft fork". A soft fork can't violate any existing rules, it can just introduce new rules. A hard fork is
494.
by Taek 5y ago
I've always pretended to myself that I understand what impulse means but today you've helped me actually understand it. Thank you!
495.
by Taek 5y ago
The text is "validating... through proof of work (mining)", which would seem to imply that it only protects miners. It does seem though like the author's of the text are missing a super important distinction, which is that pr
496.
by Taek 5y ago
Similar to the change in definition for the word 'literally', the common parlance has evolved and 'crypto' now means cryptocurrency. A good test is to look at a sentence like "are you into crypto?". Absent any
497.
by Taek 5y ago
Agreed, but the current clause in the infrastructure bill is not about regulating unlicensed money transmitters, the wording of the bill is extremely broad and covers everyone who writes any type of software that handles digital assets, whe
498.
by Taek 5y ago
The long term goal for many in the crypto community is to get to a point where you don't need to cash out. More merchants accepting crypto, landlords accepting crypto, etc. We aren't there yet, but that remains the goal.
499.
by Taek 5y ago
Portman-Warner is not just favoring PoW over PoS, it's favoring PoW over ALL alternatives. It completely shuts down all potential for new solutions to gain adoption in the United States. Even if you don't like PoS, you still shoul
500.
by Taek 5y ago
Apple will try again with something that's wrapped up to be more palatable to consumers. A change of heart in the next 90 days does not mean that Apple is a good actor.
501.
by Taek 5y ago
I was hoping that because SEC was already in the title, fraud would be implied. They don't really tend to get involved for any other reason. Not at all my intention to editorialize or be deceitful, I made a good faith effort at removin
502.
by Taek 5y ago
Unfortunately there's an 80 character limit for the titles. I had to pull a few key items out. I figured that because the first word was 'SEC', "fraudulent offerings" would be implied.
503.
SEC Charges Decentralized Finance Lender for Raising $30M(sec.gov)
41 points by Taek 5y ago|15 comments
504.
by Taek 5y ago
A proper CO2 tax wouldn't be disruptive to bitcoin, bitcoin only cares that everyone pays the same price for electricity. If the absolute cost of electricity goes up, nothing changes.
505.
by Taek 5y ago
What games were you having trouble with? I haven't had this experience at all.
506.
by Taek 5y ago
I've been gaming on linux for almost a year now and I've had no issues at all. I've mainly been playing popular titles but Proton makes every game feel like it's a linux native game.
507.
by Taek 5y ago
Isn't it the case that the death rate per miles driven is lower in the Teslas than almost any other vehicle on the road?
508.
by Taek 5y ago
What's the performance like for hypercore? How long does it take for updates and new data to propagate the network? What type of throughput do you get for uploads and downloads?
509.
by Taek 5y ago
With the dweb, you don't need to install 20 social media apps. There can be 20 different social media apps that all interoperate. I can be using one app, and you can be using another app, and we can still message each other and see eac
510.
by Taek 5y ago
The big step that dweb has taken in the past year is that it's now possible to build all the same protocols without requiring users or community managers to run servers themselves. Everything can be done in the web browser, and nothing

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