VMG

58 ms·

691.
by VMG 9y ago
What's the incentive to participate honestly in Proof of Stake if there is no reward? Leaving aside the question whether PoS even works at all https://download.wpsoftware.net/bitcoin/pos.pdf
692.
by VMG 9y ago
> Morever, their obsession with phasing in every change via a soft fork (i.e. updated nodes must be eternally backwards compatible with older versions) This "obsession" is about the consensus layer, for very good reasons. The p
693.
by VMG 9y ago
> Ethereum [...] is currently moving * has been moving for years with no end in sight
694.
by VMG 9y ago
> The lightening network design is a siphoning power grab by Blockstream. Please stop lying.
695.
by VMG 9y ago
How much energy and toxic waste is generated by gold mining?
696.
by VMG 9y ago
Why measure it in energy/transaction? The energy is not used for transactions, but for securing the ledger. With second-layer scaling solutions you will have no limit of transactions per block.
697.
by VMG 9y ago
> but most opposition as I understand it comes from the fact that segregated witness makes things more likely to rely on centralized infrastructure That simply isn't true. It's just a new transaction format.
698.
by VMG 9y ago
> This is because it is more important what is in the message than who wrote it. not in this instance
699.
by VMG 9y ago
also https://twitter.com/ErikVoorhees/status/928316364585963520 https://twitter.com/wences/status/928311976173948928
700.
by VMG 9y ago
Wise decision. Surprised to see Jihan Wu sign it too. I hope this brings some peace to to the community.
701.
by VMG 9y ago
"Changing the consensus rules to revert the state to a more desirable one for this instance" is more correct
702.
by VMG 9y ago
A Bitcoin developer is working on a formally verifiable language: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017...
703.
by VMG 9y ago
Reposting dead, but accurate comment: “Code is Law” fails again. There will probably be a hardfork and increased moral hazard for auditing contract code. Why spend money finding bugs if the "immutable" blockchain can be rolled bac
704.
by VMG 9y ago
"Remember websites" yeah they always had scaling problems unfortunately :(
705.
by VMG 9y ago
Somebody sounds bitter https://www.tradingview.com/symbols/ETHBTC/
706.
by VMG 9y ago
The fee and scaling issues are being addressed in a second-layer solution: http://lightning.network/
707.
by VMG 9y ago
> If its going to be worth more tomorrow, you probably don't want to trade it for something today. Unless you need it.
708.
by VMG 9y ago
Also very creepy.
709.
by VMG 9y ago
Like Norway and Sweden?
710.
by VMG 9y ago
Unclear how his solution improves on Lightning Network: https://bitcoinmagazine.com/articles/atomic-swaps-how-the-li...
711.
by VMG 9y ago
You are right, the blog post explains how to run a private testnet
712.
by VMG 9y ago
What's the point of a private blockchain? Couldn't you just use a more traditional consensus algorithm when you have a closed network?
713.
by VMG 9y ago
thanks, fixed
714.
by VMG 9y ago
Unfortunately still broken on gnome/wayland: https://bugzilla.gnome.org/show_bug.cgi?id=784199 edit: gnome bug not linux
715.
by VMG 9y ago
> Did banning shouting "Fire!" in a movie theatre lead to all speech being banned in all movie theatres? No, it led to people calling for the resistance to the WWI draft being imprisoned: https://en.wikipedia.org&#x2
716.
by VMG 9y ago
> Diagnosing Alzheimer’s while there is no cure or treatment available is useless. Until we have better cryopreservation
717.
by VMG 9y ago
Isn't there a way to preprocess the sprites and create 2x and 4x scaled versions?
718.
by VMG 9y ago
> Keeping it low until any form of competition shows up? Exactly. This is similar to how price dumping works: https://en.wikipedia.org/wiki/Dumping_(pricing_policy)
719.
by VMG 9y ago
With unused mining hardware reserves they could smash outsiders by ramping up the hashrate. Cartels usually don't last forever, but they can last for a while. In the case of bitcoin, it could reduce total energy consumption.
720.
by VMG 9y ago
Each miner has an incentive to outcompete other miners. A mining cartel can agree to keep difficulty and hashrate low. It is also comparable to a truce in a military conflict.

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