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841.
by centimeter 9y ago
> I hope they thought through that risk properly enough, because we didn't sign up for it and don't care what happens if you end up losing it all. I agree, anything else would be hypocritical of me. > Bitcoin wouldn't h
842.
by centimeter 9y ago
It is proportional, humans are just bad at multiplying extremely low expected payoffs. There were millions of other equally (a priori) viable things you could have invested $1 in that didn’t pan out. It’s also more obviously proportional fo
843.
by centimeter 9y ago
The incentive is that bitcoin is (for some uses) superior to existing payment/wealth storage technology even if you can’t make a bunch of money on it.
844.
by centimeter 9y ago
Securing a public ledger is useful. The only kinds of problems that are suitable for PoW are those with predictable computational cost. The only thing that even approaches this and is also extrinsically useful is maybe math problems like fi
845.
by centimeter 9y ago
This would give Intel complete control over the global currency creation system. Anyone at Intel could choose to create an SGX-registered privkey off-chip and do as much fraudulent “mining” as they wanted, for free.
846.
by centimeter 9y ago
Early adopters are rewarded proportionally to the risk they took (and the work they put in). Bitcoin wouldn’t even be here today if the early adopters hadn’t spent many years making it usable and valuable. Why would anyone who was uninvolve
847.
by centimeter 9y ago
> There are reports of people voting 4 times Who is making this report, why should I trust them, and do they have evidence this is a statistically meaningful problem?
848.
by centimeter 9y ago
So you’re saying that the Spanish government's violent authoritarian tactics backfired? Whoops, sucks for them. Maybe if they wanted all their supporters to turn out they shouldn’t have been violently beating and shooting people at the
849.
by centimeter 9y ago
I don’t think the Spanish government could have done a better job of justifying Catalan secession if they tried. Tons of horrific Spanish police brutality on display at https://twitter.com/hashtag/CatalanReferendum?src=
850.
by centimeter 9y ago
Secrecy until it gets leaked/reverse engineered serves the same function to a more moderate degree.
851.
by centimeter 9y ago
I agree, although I’ve found that there are diminishing returns around 25-30 push-ups. At some point you need to use weights or machines that allow you to exceed what you can get from body weight.
852.
by centimeter 9y ago
During a psychedelic mushroom trip, for the first few hours my rational mind is heavily dampened. I’m not fully aware or conscious in the normal way, and I mostly just remember are intense sensory and emotional impressions. After around 4 o