bdcs

16 ms·

181.
by bdcs 13y ago
> We sterilized them in the dishwasher and were ready to go. Why, pray tell, must you sterilize a container before you put an ethanol solution into it? ;)
182.
by bdcs 13y ago
I agree with you that BTC is more merchant oriented than consumer oriented, but #2 causes serious bugs: credit card transaction limits and additional fees to combat fraud (like those aforementioned). These fees function as an inefficient ta
183.
by bdcs 13y ago
Charlie Lee is well aware of this. He created Litecoin to stop endless requests to change bitcoin to a faster confirmation time, even though the benefits are scarce.
184.
by bdcs 13y ago
"Confirmed" has two definitions depending on if you apply it to credit cards or Bitcoin: 1 "Confirmed with a certainty that's good enough for values less than 10,000USD" ) Credit cards are good for this basically in
185.
by bdcs 13y ago
Taleb defines a system as "anti-fragile" if it benefits from volatility. His previous works build up a mathematical framework for distinguishing between things which are harmed by fragility, things which are neutral to fragility,
186.
by bdcs 13y ago
Forgive my well, actually.... but: Well, actually, iOS and OSX devices are supported too.
187.
by bdcs 13y ago
The accredited investors limitation will end in about 60 days due to a recent SEC ruling regarding the JOBS act
188.
by bdcs 13y ago
I felt the same way the first time I saw an Arabic-English restaurant menu . The symmetry of the juxtaposition of the two typesetting schemes is quite elegant and striking. E.G., see here http://www.flickr.com/photos/d
189.
by bdcs 13y ago
If you have a discount phone service plan, e.g. Straight Talk, you may not be able to receive short-SMS/premium-SMS/texts-from-5-digit-numbers. I, like the other reply, recommend Authy. Also, barmstrong will probably chime in even
190.
by bdcs 13y ago
I have come back from the land beyond the paywall: Importantly, this device operates with an energy efficiency of 25 mW h L−1 (25±5 % salt rejection, 50 % recovery), which is near the theoretical minimum amount of energy required for this
191.
by bdcs 13y ago
Please read about Basic Income Guarantees(BIG)[1-2], if you are unfamiliar. Essentially, it is a set amount of money for EVERY citizen with NO means testing. It has been promulgated by conservative and liberal Nobel laureates alike. It turn
192.
by bdcs 13y ago
I think this may be a case of comparing apples to oranges. You're holding each method to different standards. Let's apply the same standards to each protocol: The credit card transaction can't be double spent after 180 days (
193.
by bdcs 13y ago
I wish they had titled it... Game of Clones!
194.
by bdcs 13y ago
The second, in-depth reference([2]) takes place in Canada... a third-world country?
195.
by bdcs 13y ago
Milton Friedman meant monetary base, in your nomenclature. From Wikipedia's "Money Supply" article: "MB: is referred to as the monetary base or total currency. This is the base from which other forms of money (like checking deposits, listed
196.
by bdcs 13y ago
It works resoundingly well in developed countries, see my comment here: https://news.ycombinator.com/item?id=5769233
197.
by bdcs 13y ago
If I recall correctly, it has been shown that Basic Income Guarantees[1] (free cash without means testing besides citizenship) works incredibly well for both developed and developing countries. This article comes as no surprise, but is well
198.
by bdcs 13y ago
To expand further, lowering interest rates at the ZLB doesn't do anything because people will hold money rather than deposit it at a nominal interest rate at or below zero. Hence, central banks must buy assets: treasuries in the case of the
199.
by bdcs 13y ago
Thank you for the reply. I don't believe I took the quote out of context, as I wrote what Friedman said, almost verbatim without commentary. The monetary base is the stuff consumers touch because -- literally -- if you're touching it, then
200.
by bdcs 13y ago
Here[1] Nobel-laureate Milton Friedman, argues that the majority of money, specifically the stuff industry and consumers touch, should be constant-supply -- that is to say, identical to bitcoin's model. "My favorite proposal really is a lit
201.
by bdcs 13y ago
Your facebook link is broken, it is ( https://www.facebook.com/lindo ) and should be ( https://www.facebook.com/Lindo ). Notice the capitalized 'L'
202.
by bdcs 13y ago
Because people/companies aren't the rational actors tradition economics makes them out to be. Case in point: low credit scores are uncorrelated or even positively correlated with good job performance (cf. the featured article's citations).
203.
by bdcs 13y ago
1) From your link "Today the Bitcoin network is restricted to a sustained rate of 7 tps by some artificial limits. These were put in place to stop people from ballooning the size of the block chain before the network and community was ready
204.
by bdcs 13y ago
This article makes the prototypical solar energy mistake: thinking efficiency matters. It doesn't (unless you're working on satellites). There is no shortage of rooftop space. There is a shortage of dollars. The only thing that matters with
205.
by bdcs 13y ago
A DNS WHOIS lookup reports who registered gwern.net. Isn't that who he is?
206.
by bdcs 14y ago
And it also appears users converting BTC to USD (etc) need to be MSBs. As a (non-MSB) miner, one can use their BTC to buy anything but dollars... What a strange regulatory limbo to be trapped in...
207.
by bdcs 14y ago
Offline transactions are possible in the near future with a semi trusted third party: https://bitcointalk.org/index.php?topic=91732.0 All the deanonymizing work done heretofore is wrong because of multi-sig transactions
208.
by bdcs 14y ago
No, not worthless because of transaction fees. Miner reward = Transaction fees + block reward Currently the the former accounts for only 1%. This will likely change in the future (a decade or so). See here https://en.bitcoin.it/wiki/Traged
209.
by bdcs 14y ago
Good question. Also, PayPal fees are only unavoidable at PayPal. Would it be a conflict of interest, on pg's part, to include donations via bitcoins using Coinbase? If so, what if a competitor, such as BitPay, was used?
210.
by bdcs 14y ago
Agreed. Although, if you want to help out an open source project and make ca. 250$, you can provide a translation here: https://bitcointalk.org/index.php?topic=135336.0

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