bachback

9 ms·

31.
by bachback 10y ago
Launches are happening everyday. Best performing Altcoin is Ethereum. It went to 1,000,000,000$ this year very quickly. On average investing in Altcoins will likely lose money.
32.
by bachback 10y ago
Great job - the currency is down 97-99% since launch 2 weeks ago (depending on what prices one takes from the first day of public trading). I've been following Altcoin launches since 2013, and this was the most ill-advised and corrupte
33.
by bachback 10y ago
true. I'm looking for something where I can potentially build the whole IaaS myself on baremetal at some point. Vultr looks great - thanks!
34.
by bachback 10y ago
thanks, but I don't think hetzner is cloud based. most hosters still speak about servers as physical machines as in 2005.
35.
by bachback 10y ago
Google is not as general as AWS and therefore has serious vendor lockin. Azure only recently has decided to support docker and is not rooted in opensource. The big downside of AWS: to difficult to use for many. It seems to me a new entrant
36.
Ask HN: Alternatives to AWS?
170 points by bachback 10y ago|207 comments
37.
by bachback 10y ago
1) Read the original blockchain article: http://szabo.best.vwh.net/securetitle.html 2) Longest lecture Nick Szabo, inventor of blockchains, ever gave was in the money museum in Zurich: https://www.youtube.com&#x2
38.
by bachback 10y ago
Yes, absolutely agree. In LISP its obvious. 1. Every function is a tiny VM already. Every macro is a layer on top of a "compiler" to let you redesign a language. LISP gives much more power, precisely because every program is its o
39.
by bachback 10y ago
ever heard of cryptocurrencies? no banks are neeeded, and identity on blockchain will actually happen.
40.
by bachback 10y ago
How should ZeroMQ replace TCP? Internet runs on TCP/IP (last time I checked). In private networks many problems of public networks don't appear. I'm aware that organisations use it for their internal systems. As soon as one b
41.
by bachback 10y ago
ZeroMQ wants to be a neutral wrapper in any language but in the end its a C++ library enforcing C++ concepts. You can't map in a straightforward way process concepts from C++ to other languages (also the OS and VM sits in between that)
42.
by bachback 10y ago
With ZeroMQ I had the worst possible results and experience. Honestly much of what it claims is bogus. It is highly optimized for certain cases and utterly useless for distributed systems. Try and find out in PUB/SUB what the IP addres
43.
by bachback 10y ago
SQL is horrible for many use-cases. have a look at http://datomic.com
44.
by bachback 10y ago
other approach is issued ColoredCoin by banks - Lykke.com does this. then you get pricing of assets. fiat money are already "settlement coins", the question is about liquidity, risk and openness.
45.
by bachback 10y ago
Great question. An optimal strategy doesn't exist, because it is so circumstantial. The employee and founder (the seller) need a good idea about the price and probability of success. Making a buy/sell decision either way certainly
46.
by bachback 10y ago
Yelp has 4154 employees and probably 50% of them write code. Imagine you have 100'000 customers who all want 2 custom features. Large organisations naturally develop large codebases. Yelp probably has 50M LOC and more. Probably most st
47.
by bachback 10y ago
yes, please! can we then also get rid of the notion that there exists a linear design space called "features", and a linear error space called "bugs"? architecture, protocols, security, etc. can all be considered dimensi
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by bachback 10y ago
more important if you can make revenue or not. "getting users" and getting revenue might be completely different things, and it seems to me YC was build mostly around the former, than the latter.
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by bachback 10y ago
The point of giving someone equity is that you can't pay others with cash, assuming you have the choice. If you have the choice it might well be you would rather start the company alone. There is a very interesting dynamic between the
50.
by bachback 10y ago
The exchanges are not sophisticated at all. No single exchanges have opensourced their wallet technology. Kraken, Bitstamp and Bitfinex are using BitGo, a private source solution. The first would be to opensource a enterprise grade wallet w
51.
by bachback 10y ago
right, thanks. 90B$ in current assets and 150B$ in total book value.
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by bachback 10y ago
yes, absolutely. they do have 75B$ in cash and another 60B$ in short-term investments. So they have 135B$ to spend. judged by that number Google is too conservative.
53.
by bachback 10y ago
LN is a theory, not a production system. I much doubt it will reach full production stage ever. Bitcoin wasn't at all designed for anything remotely like it. My bet would be on a new system & coin.
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by bachback 10y ago
why can't you face up to the fact that Blockstream is the de-facto governance body for Bitcoin? It claims it is, and you spend countless hours on the Internet trying to show the opposite. "Cryptographic votes" - duh, that&#x2
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by bachback 10y ago
Yes. The actual competition takes place in the market. If you have a really good idea - make a new Coin or join any of the 100's out there.
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by bachback 10y ago
Bitcoin works based on incentives. There is no reason to go off-chain if you're not getting paid. And OKPay is not an end-node in any system. What you "really" want is to be able to send all assets in the system integrating b
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by bachback 10y ago
What do you think of Bitcoin and use of computers for money and contracts?
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by bachback 10y ago
what an annoying post. no real content, but an author desperately trying to prove he's smart. "To say that I was treated pretty shabbily by David Nolen on this issue almost goes without saying."
59.
by bachback 10y ago
We're doing something like this with lykke.com. Fiat money are implemented as Colored Coins on top of Bitcoin. It has a range of advantages over pure fiat - tracking of issuance publicly, lower settlement times, integration with smart
60.
by bachback 10y ago
Yes. Cryptocurrencies remove the needs for banks in the first place, so you're not vulnerable to a banker/politician running windows, inflating your currency, etc. Vulnerabilities of internal bank networks are rare, most of the ri

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