craigc

12 ms·

61.
Bitcoin Was Russian Hackers' Currency of Choice, U.S. Says(bloomberg.com)
13 points by craigc 8y ago|6 comments
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by craigc 8y ago
Good point. I was assuming that it would be a surplus of energy that you are not able to sell.
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by craigc 8y ago
What I would love to see is a breakdown of locations of miners over time. I wonder if the increase is in places where electricity is cheaper and/or subsidized. I do not believe the increase has anything to do with better mining hardw
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by craigc 8y ago
I don’t think that explanation makes sense. It isn’t about regular computing power, it is about the hash rate of the mining hardware. They use specialized hardware (ASICs), and if you look on this page you can see a breakdown of the hashrat
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by craigc 8y ago
Care to provide some examples? Are you talking about buying things in order to rent them out to other people?
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by craigc 8y ago
> I agree with what you are saying but you can't compare jQuery and React - they are very different tools. I am well aware. It was mostly a joke :]
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by craigc 8y ago
It doesn’t. I was referring to the idea of new technologies eventually circling back to old and saying that I think that is true in the design world too.
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by craigc 8y ago
Yup. Everyone wants to use the latest and greatest, but there is a reason that certain things like SQL have stood the test of time. I think the same could be said of the design world. There was a time not too long ago when designs actually
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by craigc 8y ago
Very very true. A lot of people make extremely poor decisions with their money. Perhaps there could be a threshold then? Like you are allowed to invest x% of your income/savings? I don’t really know the answer. I think the cup example
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by craigc 8y ago
> For example, I used to be skeptical about accredited investor requirments. Turns out, they're super necessary! This is one area I keep going back and forth on in my head. On one hand, obviously scams are bad, and the fact that peo
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by craigc 8y ago
Haha what do you know. Another day, another anti-crypto article on the top of Hacker News. In this case, I agree with the overall sentiment. I don’t think these companies are actually “dying” though, but rather they were probably created as
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by craigc 8y ago
Well clearly you just glazed over what I said which was also what I expected. I personally find the idea of having complete control over your own money, being able to program it, and being able to send it to anyone in the world fairly quick
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by craigc 8y ago
Based on your reply, I am fairly convinced you have already made up your mind so it is somewhat pointless to spend my time trying to convince you otherwise, but I will say a couple things. For one, while our civilized world is built on tr
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by craigc 8y ago
True. Could you elaborate on why you believe that?
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by craigc 8y ago
I do not really understand it. Posts about other technologies on here lead to civilized, intelligent conversations, but for whatever reason, any post about crypto or Bitcoin just leads to attacks and arguments. The reason I find it more ine
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by craigc 8y ago
I have read it multiple times, in fact. I am not denying that it was originally intended as a peer to peer currency, but saying it was marketed as that when the creator was publishing an academic paper of sorts and releasing it for free i
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by craigc 8y ago
Interesting, I would be curious to see some of these ads. Are you referring specifically to Bitcoin or other crypto currencies (many of which are flat out scams)? That said, my point was that any “marketing” was not done by a dedicated te
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by craigc 8y ago
I think you are missing my point. If Bitcoin is “marketed” as anything, it is by people who got interested in the technology, learned about it, and started to spread the word to other people. You could say the same thing about many open sou
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by craigc 8y ago
Bitcoin is not marketed as anything. There is no company and there are no marketing or sales people. That is part of the beauty of it. The decentralized claim refers to a decentralized network where the miners and nodes connected to the n
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by craigc 8y ago
I am well aware that most people on Hacker News hate Bitcoin and cryptocurrencies so a lot of these types of studies and articles that are negative end up making their way to the top. It is strange that this study was from 2017-2018 and yet
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by craigc 8y ago
Unless I am missing something, this paper is referring to connections between addresses when it mentions the “Bitcoin network”. Not actual mining nodes. It does not have anything to do with a 51% attack.
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by craigc 8y ago
Their allegations are not entirely off base. The Coinbase BCH launch was a complete disaster. The BCH price pumped for days on other exchanges leading up to the announcement. See here for some more information: https://motherboar
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by craigc 8y ago
The fact that the data is encrypted means that it can literally be stored anywhere. You can throw it in a local file or in Dropbox/Google Drive/iCloud. The trust issue also doesn’t matter cause if the encryption is right, then thi
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by craigc 8y ago
Thanks. I’m sorry too. I really hope the next generation is better. My biggest worry is that they will “fix” the keyboard problem by extending the touchbar to the entire keyboard area and renaming it the “Touch Board”.
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by craigc 8y ago
> If anything, the closest thing we have to data right now is what they say on their website: a small number of laptops have a malfunctioning keyboard. Is it even legal for them to say that if it really were most of them? Is it legal to
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by craigc 8y ago
While I am happy about this ruling, I feel like it does not go far enough at protecting our privacy. Call me cynical if you want, but there are two things that are causes for concern for me. 1. The article says “Roberts noted that the decis
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by craigc 8y ago
I should have clarified. I meant no proof that they have been lying about the 1:1 dollar backing. I agree with you the fact that they claim they are audited and never are is a sleazy business tactic.
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by craigc 8y ago
> I don't like being lied to, especially when billions of dollars are at stake. That’s totally understandable and fair. I also agree it is partially on them to prove that they can be trusted and I think this report today is a step i
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by craigc 8y ago
Thank you for not ripping my head off. I too am skeptical. I just think the other way is also not super likely. On Bitfinex tethers are not used for actually purchasing bitcoins. US dollars are. Tethers are only issued when you want to with
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by craigc 8y ago
Just because I was wrong about that one thing doesn’t make what I just said any less true. You have yet to provide any evidence that they are not backed by USD. Just because they haven’t had an audit doesn’t prove any of your allegations. W

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