agorabinary

8 ms·

31.
by agorabinary 8y ago
One of the major concerns of EU skeptics has always been the ability (and the gall) to push ambitious acts of centralized control by like-minded European leaders. And more likely that big players like Google/FB will just buy off protec
32.
by agorabinary 8y ago
In case anyone is still using the ad-plagued bitorrent.com client: https://transmissionbt.com Lots of features, easy to use.
33.
by agorabinary 8y ago
Some interesting points here regarding design improvements to bring us a more mainstream Linux desktop, but what about price point as well? I just configured a System76 Gazelle laptop with the same specs (albeit newer cpu, but moore's
34.
by agorabinary 8y ago
Just read whitepaper. I'll check in on this project once there they open source the code so I can run my own payment channel hub. Until then it's a centralized system (and even then.. maybe still). "LiquidChain GmbH plans to
35.
by agorabinary 8y ago
It peaked not from a lack of demand but from hitting an inevitable scaling roadblock. Now the community is busy deploying a layer 2 (Lightning) to the Bitcoin mainnet that can offer transactions per second that exceed any financial system t
36.
by agorabinary 8y ago
And the evidence that this is actually Satoshi is what exactly?
37.
by agorabinary 8y ago
> Private storage Easier to store a private key that gives access to a blockchain datastore than to store a decryption key + private storage file that would need to be replicated across all systems you want password access. > HA syste
38.
by agorabinary 8y ago
Ok interesting. Maybe their plan is that once all the claims are in, if total valid claims amount < recovered coins, everyone (who filed) gets full amount back. Hopefully anyway
39.
by agorabinary 8y ago
Just read it through and it seems that: a) any owed assets will be paid in Bitcoin, unlike the bankruptcy proceedings which gave you fiat at (I believe) the rate when mtgox went under b) a form will be posted to mtgox.com to fill out and se
40.
by agorabinary 8y ago
Yes this is a misleading title. Please fix OP
41.
by agorabinary 8y ago
Also curious about Linux vulnerabilities to this particular attack - any Linux wizards in thread?
42.
by agorabinary 9y ago
The only reason Ripple is worth anything is because of PR to convince the world that a wholly premined coin that isn't even necessary to use the Ripple network holds any value at all. So... a $29 million PR move to boost a $22 billion
43.
by agorabinary 9y ago
You only need to open a few channels to reliably connect to the network - the network allows you to transact with those you don't have a direct channel with. And in actual usage you won't ever need to close them. Lightning solves
44.
by agorabinary 9y ago
Every single project I've seen that is looking into Lightning has simply offered lofty promises and roadmaps but without any compelling advantage of Lightning on their coin as opposed to Lightning on Bitcoin. If anything, they have a b
45.
by agorabinary 9y ago
We need a social network experience where users own their data, and are presented with a simple and user friendly interface that connects this data with their chosen friends. Currently we have user data mined en masse at great privacy risk
46.
by agorabinary 9y ago
This is standard Alex Jonesian "association implies conspiracy" type thinking. They are associated and that's it. LN development is as open source as can be.
47.
by agorabinary 9y ago
You're missing the point of the article. A particular smart contract, or zk-snarks, or a new Bitcoin protocol functionality... these are not application layers, they are a particular application. Lightning is an application layer that
48.
by agorabinary 9y ago
Great article, great analogy. There are many interesting applications being built (distribution applications), but distinguishing them from the application layer is an important point. Bitcoin Lightning and Ethereum's version of it (
49.
by agorabinary 9y ago
repost. https://news.ycombinator.com/item?id=16313925
50.
by agorabinary 9y ago
Your first link has refuting or critical comments from such notables as Vitalik Buterin and Brahm Cohen. In case anyone wanted a tl;dr to actually reading and evaluating that 15 minute logical fallacy of a read. And the other ones just refe
51.
by agorabinary 9y ago
How is Lightning impractical? I encourage you to try it out on testnet right now, it works great. It also solves your PoW concerns.
52.
by agorabinary 9y ago
Surely a lot of frauds but where are the flaws? Instead we have: - Open source flexibility: Hundreds of competing coins seeking to optimize upon an original design - A decentralized payment system: Beyond the reach of currency-manipulating
53.
by agorabinary 9y ago
Don't go public. Look at major companies like Facebook that have become massive user data and time exploiting machines for the sake of increasing share price. Stay private and recognize what place your product has in the world - many i
54.
by agorabinary 9y ago
If there is a fatal flaw in Bitcoin somewhere, there are hundreds of other attempts to improve upon this idea by forking the code. We will surely see dramatic changes in valuation amongst these different coins as the crypto community develo
55.
by agorabinary 9y ago
"it still doesn't explain the hundreds of alt coins" It's open source. How many Linux distros are there?
56.
by agorabinary 9y ago
This is naive of Buffet when his only evidence of a "bad ending" is the existence of a massive rally. The entire near-future automated economy depends on programmable money. There is literally nothing interesting happening in FinT
57.
by agorabinary 9y ago
And this is completely expected - any market with low volume can be easily manipulated.
58.
by agorabinary 9y ago
1. LN is not deployed because it is conservatively developed like all development in a space with $500B on the line. 2. My claim is simply that Bitcoin is worth significantly more with LN than without? You then take a more preliminary argum
59.
by agorabinary 9y ago
1. LN works on testnet right now. 2. Bitcoin without LN isn't nearly worth its valuation, but bitcoin with LN is worth many times its current valuation so we're settled somewhere in the middle. 3. I'm inclined to trust Brahm
60.
by agorabinary 9y ago
Whether your wallet or your privacy, you are being robbed regardless.

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