aminok

50 ms·

421.
by aminok 11y ago
They're difficult to stop because they kill people who try to investigate and arrest their members. Creating a law requiring them to report their financial activity will not stop them. They sell tons of cocaine, despite cocaine being i
422.
by aminok 11y ago
Crimes with a victim often have a witness, and thus are easy to sanction. Only victimless crime needs financial privacy eliminated in order to sanction, since all parties to such crimes are mutually consenting and thus not likely to come fo
423.
by aminok 11y ago
Your belief that regulations are what provide people with a "living wage" is totally ignorant of how wages are set. By your logic, we could make the minimum wage $100/hr and make everyone upper-middle-class. That we can'
424.
by aminok 11y ago
Yes, how dare the government make the decision of what wage is acceptable for other people, and eliminate countless opportunities for mutually beneficial employment that would otherwise take place. >statistically reduce harm. That's
425.
by aminok 11y ago
Power differentials are irrelevant. Suggestions otherwise are unscientific Marxist hocus pocus that leads to destructive laws being instated. If I offer a worker in Indonesia $2 a day to work for me, they are perfectly capable of deciding w
426.
by aminok 11y ago
Labor regulations are morally abhorrent. It's an absolute injustice that a person can inject themselves into a private relationship that they are not party to by ruling it illegal. It makes impossible millions of mutually beneficial co
427.
by aminok 11y ago
>Sure, but a rich founder has a clear advantage, in the same way that a founder at Harvard has a clear advantage. PG didn't suggest otherwise. He didn't say that wealth doesn't beget wealth. He said the absence of it does
428.
by aminok 11y ago
Fair enough. Yes, PG is arguing that reducing income inequality is bad. He did not address the hypothetical notion that there is a goldilocks zone of 'just enough' inequality, either side of which is suboptimal (due to the 's
429.
by aminok 11y ago
I'm not going to rehash PG's entire article. Feel free to address all of the arguments in it so we can avoid an endless, unconstructive merry-go-round.
430.
by aminok 11y ago
No.. that is not the same logic at all. I did not say they're "the same". I said that if one is bad, the other is bad as well. It's just by a matter of degrees that it differs. It's frustrating to debate a policy po
431.
by aminok 11y ago
Paul Graham is absolutely right, and those who argue against him are doing so from a position of close-mindedness. First of all: it's irrelevant to the principle whether the goal is to "eliminate" income inequality, or "
432.
by aminok 11y ago
It takes a special type of arrogance to support using violent force to take from some group of people to give to another, who you believe to be more deserving of that plot of wealth. Bill Gates has it. Paul Graham doesn't. And thus the
433.
by aminok 11y ago
No, it is not. Efficiency increases with transaction volume. That transaction volume is currently capped at 1 MB is a separate issue from whether efficiency improves with transaction volume. It's possible there is a misunderstanding he
434.
by aminok 11y ago
That is not how it works. The system gets more efficient as transaction volume increases. The only reason the cost of running the network relative to the number of transactions currently comes out to $7 per tx is that much of the revenue mi
435.
by aminok 11y ago
A little context: They will use an overlay blockchain called Factom that timestamps commits into the Bitcoin blockchain to provide it with a base consensus. The goal of this design is to leverage Bitcoin's security while having the fre
436.
Honduras to build land title registry using Bitcoin technology(uk.news.yahoo.com)
5 points by aminok 11y ago|1 comments
437.
by aminok 11y ago
In my opinion, the more esoteric uses of the blockchain, like using it as a platform for smart contracts, will require a very large investment of time to realize, but have practically limitless potential to advance the world and create new
438.
by aminok 11y ago
Do personal attacks include scathing criticisms of Reddit's CEO? Many were complaining that admin was removing posts critical of her during the big trial so the question has to be asked.
439.
by aminok 12y ago
How do prevent one party delaying the provision of their R to the other players while calculating the final R for themselves?
440.
by aminok 12y ago
I'm not sure if it solves any problems, but I think it might, for a couple of reasons: * it's provably fair, with no reliance on a trusted third party to provide a fair random number, with fair being defined as a random number tha
441.
by aminok 12y ago
Absurd. All early stage tech industries are male-dominated, from the early PC industry to the early internet to the current maker industry.
442.
by aminok 12y ago
Just a thought: a FPS multiplayer game could use the proof of work generated by the Bitcoin mining network (e.g. a pool share 1/20th the difficulty of a block hash, which would be generated on average once every 30 seconds) as the seed
443.
by aminok 12y ago
This is pretty exciting stuff.
444.
by aminok 12y ago
Your assessment fails to understand Bitcoin's core value proposition, which is that it's highly resistant to centralized control and thus is guaranteed to remain a permissionless (open) network and a fungible currency. If a centra
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by aminok 12y ago
It's not inevitable. It took 800 years for human civilization to produce a fundamental innovation in how money is stored and transferred, with the invention of Bitcoin, which upends the bill of credit. It could be another 800 for the n
446.
by aminok 12y ago
> but decentralization is not free, it's extremely expensive, and once miner subsidies disappear and the true price of securing the network becomes an upfront cost to general users, nobody will even consider using bitcoin except in
447.
by aminok 12y ago
This was not an attack scenario. An attack scenario is one where a person or group of people is attacking the Bitcoin network. This was a bug, and one that would have been very difficult to discover without running a network on the scale an
448.
by aminok 12y ago
> My assessment of this event is "Bitcoin has an identifiable governance structure. You can fit them into an IRC channel +/- a few Skype sessions. Right, but in an attack scenario, Bitcoin can continue and survive without that
449.
by aminok 12y ago
>"That means that bitcoin is a .. system that, if it came into any widespread adoption, would play a role in suggesting or controlling people's behavior, just like any currency." It would absolutely not "control"
450.
by aminok 12y ago
Winged heavier-than-air machines can exist without propulsion, but they won't be aircraft that can fly. The blockchain is analogous to wings on an aircraft. It's a means to an end, not an end to itself. Bitcoin (the currency) is t

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