bachback

8 ms·

91.
by bachback 11y ago
Look at the balance sheets of all central-banks: they show hockey-stick growth and correlate with government debt. We're in the last stages of the self-destruction of a fiat money regime. Rates themselves don't reflect anything ab
92.
by bachback 11y ago
What is a "domain"? Its a name attached to some organization and an entry in a database. The problem is you have middle-men controlling that database, which means its structure can't change.
93.
by bachback 11y ago
".com" forever? There is no reason we can have better naming systems. Consider ".io". It's often used by startups and signals quite a lot about a domain.
94.
by bachback 11y ago
Names on the blockchain for the win. The process is obviously broken and corrupted - we need protocols at the root.
95.
by bachback 11y ago
good point. wikileaks was a small organization which managed to create an uncensorable system, AFAIK among other things by using a wide net of ISP's relations. one can solve some of these problems based on votes. currently google and I
96.
by bachback 11y ago
https://github.com/ethereum/wiki/wiki/White-Paper
97.
by bachback 11y ago
The HFT debate is bound to be misunderstood... It rose to prominence last year with the book by Michael Lewis "Flash boys". A discussion between two exchange operators Bats and the new IEX: https://www.youtube.com/
98.
by bachback 11y ago
+probably coinbase
99.
by bachback 11y ago
see also: http://yclist.com
100.
by bachback 11y ago
Good observation. There is a continuum in legal language between expressive power in the natural language and the legal formal language. "Absolute immutable contracts" are however very desirable in many cases where people interact
101.
by bachback 11y ago
Yes, the problem is about not what happens on one machine, but N machines globally. That is a system that scales linearly and does not use proof-of-work. One needs to solve the Byzantine General Problem in a more general way than Bitcoin do
102.
by bachback 11y ago
lecture of the topic by the author: https://www.youtube.com/watch?v=JSNZA8jVcm4 Several founders from Deepmind where his PhD students.
103.
by bachback 11y ago
I'd be curious to learn more about this mentioned S-Curve and possible institutional inertia. Stripe is an inspiring company - but ultimately a kind of mixed company in that it bridges the Internet to Credit card companies.
104.
by bachback 11y ago
Very interesting. There is a very good interview with Chad about the wild ride: https://www.youtube.com/watch?v=l56Hw5H-DEI He talks quite a bit about their situation then. Not many startups go from 0$ to 1.65B$ in 22 month
105.
by bachback 11y ago
Bloomberg started out as a network system independent of the Internet. Michael Bloomberg was a network engineer. I'm not sure they ever really switched to proper TCP/IP. This company sure looks like a dinosaur these days. However
106.
by bachback 11y ago
Notifications of documents? Integration with a variety of services is new.
107.
by bachback 11y ago
what kind of "experts"? like NIST experts or experts at Microsoft? this a non-sensical meme in cryptography. it all comes down to the value at risk. at some price point you can hire people i.e. invest the resources to get it right
108.
by bachback 11y ago
Any experts in auction mechanisms and HFT reading hackernews?
109.
by bachback 11y ago
Joint accounts are very useful. What one can do is issue stock at zero cost, have onchain accounting, be worldwide distributed etc., without the involvement of a lawyer or accountant. These things already exist in primitive form. For exampl
110.
by bachback 11y ago
I agree that there is a lot drivel, but I'd extend that to Bitcoin discussions also, where rarely economic underpinnings get discussed. There is this notion of a contract. In a democracy a valid contract is an agreement (say between 2
111.
by bachback 11y ago
Much agree - those are the big conceptual holes in smart contracts. The concept still has a lot of merit, in the very long term. It's a bit like trying to imagine Google in 1993. Most of the things one can assume are most likely going
112.
by bachback 11y ago
I know that paper. The authors have no background in distributed systems and use math to prove absurd things. If you look at the core proposed algorithm, it's not even a P2P algorithm.
113.
by bachback 11y ago
Right. It's not really a block-chain, but a block-tree (whatever that is supposed to be). I suspect to make smart contracts work, one needs a different time-stamping/incentive system altogether (non-blockchain), but haven't s
114.
by bachback 11y ago
10M$ in one year, i.e. 30,000$ per day is a reasonable burn rate?
115.
by bachback 11y ago
raised = 18m$ assets left = 7.5m$ expense = 4m$ trading losses = 6.5m It's an insane amount of money to burn through, without releasing anything of utility so far. I had to deal with several people from that team and they are scammers.
116.
by bachback 12y ago
Wittgenstein gave some lectures on mathematics and logic, where Alan Turing was present and they had discussions about mathematics (a book is available with the lectures on mathematics). That was 3 years after on Turing's paper on comp
117.
by bachback 12y ago
Work on new foundational layer is ongoing: https://github.com/breach/thrust
118.
by bachback 12y ago
With Namecoin anyone can design new naming protocols based on consensus. That's not possible with ICANN's DNS (the Internet is centralized in this regard - nobody can change the semantics of ".com"). New naming protocols
119.
by bachback 12y ago
Very interesting. How about creating a github project for this? Would like to follow. Blockchain based DNS systems already exist. Web search mostly builds on links and DNS. If one thinks about it TLD names are pretty much fixed, where as in
120.
by bachback 12y ago
Other milestones: Post on alt.hypertext on 6/8/1991 https://groups.google.com/forum/#!msg/alt.hypertext/eCTkkOoW... NCSA X Mosaic 0.5 released, 23/1/1993 http://1997.webhistory.

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