cowtools

67 ms·

721.
by cowtools 4y ago
I disagree, those are relatively minor tradeoffs.
722.
by cowtools 4y ago
>Proof-of-work requires, by design, that the electricity value expended on mining is proportional to the total market cap of Bitcoin. This is mostly true, but I think you're conflating a couple different things here. At market equil
723.
by cowtools 4y ago
As someone who is more familiar with BCH rhetoric, I can tell you that what the parent comment is referring to is not mining companies but rather LN relay node operators and other "services" https://www.youtube.com&#x2F
724.
by cowtools 4y ago
>This makes it seem like it was some sort of 50/50 split, but in reality it was more like 99/1 In reality most bitcoin owners/users were the silent majority, and the "default" option was to do nothing, so they di
725.
by cowtools 4y ago
That is a good point, but consider the following: 1. If a cryptocurrency is dominated by specialized miners, then you have a centralization effect as the majority hash-rate can be more controlled by monopolies that can take advantage of the
726.
by cowtools 4y ago
In my experience, BTC has more "brand recognition" amongst uninformed investors who are more concerned with "number go up" technology than digital cash technology
727.
by cowtools 4y ago
>What renders this whole calculation wrong is that it doesn’t account for transaction fees AND transaction fees growth which was also supposed to be growing exponentially, had Bitcoin not been artificially limited to ~ 2 MB blocks every
728.
by cowtools 4y ago
Good points, but I think that if you want to consider the "ethics" of cryptocurrency mining, you have to acknowledge that currently there is a lot of hype around crypto that will eventually go away. There are a lot of irrational a
729.
by cowtools 4y ago
>proof of wait Care to enlighten us with a link?
730.
by cowtools 4y ago
Mining is always a rat race against the rest of the network. Although this article makes me hopeful for alternative PoW solutions like RandomX[1] that seek to combat the advantages specialized mining hardware altogether. [1] https:/&#
731.
by cowtools 4y ago
I merely say this because these sort of passive-aggressive remarks are generally not tolerated here. It just doesn't make for very interesting conversation, flamewars aside. >Be kind. Don't be snarky. Have curious conversation;
732.
by cowtools 4y ago
Do you have a point here? I don't think users here will appreciate your passive-aggressive remark.
733.
by cowtools 4y ago
>"Fediverse" sounds like a VR training program for FBI agents. This made me spit out my coffee laughing
734.
by cowtools 5y ago
Looks like there aren't going to do anything about safetynet: https://www.lineageos.org/Safetynet/ What's the future of AOSP? There are other distros like GrapheneOS and CalyxOS that take advantage of the ope
735.
by cowtools 5y ago
Why not a web extension? Why use a ENS/Namecoin versus a petname solution like GNS? I like the idea of such a browser integration, but I don't see this actually being used. Perhaps you could have upstreamed those as experimental f
736.
by cowtools 5y ago
bittorrent magnet link or just a file hosting site like catbox.moe or others?