cryptodogemoon

6 ms·

1.
by cryptodogemoon 9y ago
zk proofs supposedly resolve that issue. monereo, zcash, and eventually ethereum the concept seems to make sense but I'd be curious how to audit such an obfuscated system
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by cryptodogemoon 9y ago
How foreboding! https://priceonomics.com/when-the-great-alpaca-bubble-burst/ (1) The asset not the product is the thing being marketed (i.e. live alpacas, not fiber) (2) investors have unrealistic expectations (alpaca
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by cryptodogemoon 9y ago
this assumes trusting a 3rd party wallet to not generate weak keys or backdoors, as has happened many times already if you're concerned about security just use the official client
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by cryptodogemoon 9y ago
Cryptocoin exchange rates are largely defined by pump and dump whale gangs spreading rumors and luring in novice investors. [0] https://news.ycombinator.com/item?id=7126153
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by cryptodogemoon 9y ago
It's clearly malicious. Satoshi could have used a linear growth curve. Instead he used a log curve, giving himself and the smallest user group possible (first users to run the software within the limited timeframe where the hyperinflat
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by cryptodogemoon 9y ago
Production costs of 50BTC per every 10 minutes has historically been a fractions of or a few pennies. Only for later users has the cost gradually increased. The way you and many others approach Bitcoin as a tool to horde and sell to other r
7.
by cryptodogemoon 9y ago
Bitcoin is inflationary until the year 2140, and assuming no fork changes that sooner. If you actually understand Satoshis algorithm and history you'll take notice at how the supply was intended to benefit the first few users to run th
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by cryptodogemoon 9y ago
It's forever part of Bitcoins orgin story that it begin as hyperinflationary and has since slowed the minting of more BTC. The irony is the mythos of bitcoin being "deflationary" is not historically accurate and the supply is
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by cryptodogemoon 9y ago
Fun fact: Bitcoin is designed as a hyperinflationary currency that begins to slow down inflation as more users join and time passes. Why? To control the supply early and exploit later speculators.
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Woman arrested sending thousands in Bitcoin to ISIS(nypost.com)
4 points by cryptodogemoon 9y ago|0 comments
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AIM will be discontinued today(help.aol.com)
374 points by cryptodogemoon 9y ago|264 comments
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by cryptodogemoon 9y ago
A linear distribution curve that matches work/watt input. This modestly levels the playing field, although it simply allows existing capital to match the input/output. Satoshi style curves are both capital dependent and skewed dis
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by cryptodogemoon 9y ago
Not with Bitcoin. Satoshi designed the supply to rapidly mint the majority of coins to the smallest group of users for the least amount of effort/capital/work input. It's designed to manipulate any user who joins the system a
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by cryptodogemoon 9y ago
Banks safeguard your deposit and offer significantly more services than Bitcoin. A better comparison to energy usage would be other distributed computing systems. Bitcoin is insanely wasteful by design because it's requiring clients br
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by cryptodogemoon 9y ago
For such an extensive academic course it's interesting the economic model of Satoshis mining algorithm isn't explained. Satoshi used a production model that produced the most amount of coins for the lowest amount of work/capi
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by cryptodogemoon 9y ago
Satoshi's mining/minting algorithm is manipulative by design. Less computational energy and the least amount if users produced the most coins (for minimal external capital input). Satoshi could have used a linear curve anticipatin
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by cryptodogemoon 9y ago
Why bother attempting to patch on layers on top of BTC when it's already centralized with ASIC farms? Start fresh. Early adopters of BTC are trying to con new users into buying coins produced for minimal capital/computational work
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by cryptodogemoon 9y ago
Who controls the production of such a system? Currently tether is presumed to be manipulated by its maintainers. https://medium.com/@bitfinexed/latest
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by cryptodogemoon 9y ago
The mining algorithms are the source of the supply, the most important element. There are many other blockchain designs now, so Bitcoin is already obsolete.
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by cryptodogemoon 9y ago
What?.. All versions of Bitcoin share the exploitative inverse log curve for distribution and work input. Bitcoin cash further changed the difficulty algorithm to benefit ASIC miners during a very brief window of time. Fees are reduced, and
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by cryptodogemoon 9y ago
>People .. ridicule cryptocurrencies, dismissing bitcoin as a scam, a Ponzi scheme or a bubble. >Wealth disparity is at record levels and the ultrarich have cornered the market on every asset class, but with bitcoin, an entirely new e
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by cryptodogemoon 9y ago
Why would anyone buy more new tethers @ $1 when they're selling for less than $1 at Kraken?
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by cryptodogemoon 9y ago
The hash power that left BTC for BCC momentarily around early November was conveniently 60%. One can imagine the ability of China to mobilize capital infrastructure to dominate mining space, especially when they're manufacturing all th
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by cryptodogemoon 9y ago
It sounds like you're fantasizing about anarcho-capitalism? What type of system do you think cryptocoins facilitate? https://www.newyorker.com/humor/daily-shouts/l-p-d-libertari...
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by cryptodogemoon 9y ago
It's called wash trading, and it's what's allowed Bitfinex to falsify trade volume and increase the spot price like MTGox did with the wiley bot. https://medium.com/@bitfinexed/latest
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by cryptodogemoon 9y ago
It's not really decentralized as there's only one source of the gen0 assets. No one else is allowed to generate the supply.
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by cryptodogemoon 9y ago
The contending decentralized consensus algorithm is called Proof of Stake, and it works by giving you lottery tickets based on how much wealth you already have. PoS coin supplies should be avoided, as the production cost or input work is no
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by cryptodogemoon 9y ago
are archives available? LA Weekly still had better instigative journalists than the times.
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by cryptodogemoon 9y ago
Buy out publication, fire all the writers, get high school kids or interns to write everything... profit? https://pbs.twimg.com/media/DQFBGtoUEAA-Zao.jpg
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by cryptodogemoon 9y ago
Funny how this sort of subsidy is how Ponzi schemes were partially inspired by onzi received a letter from a company in Spain asking about the advertising catalog. Inside the envelope was an international reply coupon (IRC), something which

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