cyphertruck

10 ms·

61.
by cyphertruck 5y ago
You’re right, you’re not going to be %30 more productive in a private office. You will be %100 more productive. In some cases, %300. That you are willing to sacrifice %70-%80 of an employee’s productivity to save %15 of their salary shows t
62.
by cyphertruck 5y ago
That's not a warrant signed by a judge. I'm not judging you but I want to clarify, this was merely a request from a prosecutor, with no warrant covering it? Sounds like a violation of 18 U.S. Code § 242. Deprivation of rights und
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by cyphertruck 5y ago
I’m not taking offense wt your statement, but do want to say: You are being unkind to Somalia. I’m serious. The perception of Somalia is skewed heavily by western news for the simple reason that the Somali people rebuffed the attempted in
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by cyphertruck 5y ago
These harmful effects are intended. That is the strategy. Its important to understand why. Your life depends on it.
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by cyphertruck 5y ago
Notice your entire response is a downvote and the assertion “that is total rubbish”. Not a rebuttal. Not even an attempt to address the point, followed with a personal attack. Telling me I need a time out is exactly the kind of personal att
66.
by cyphertruck 5y ago
Linking to fake news repeating the same spin is not supporting a fake news article. The plants serve retail customers. The “just to mine bitcoin” is a lie told to try and bash bitcoin. Reality is bitcoin is being mined with stranded natura
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by cyphertruck 5y ago
That has worked terrible with the war in drugs. How do you think its going to work when no smuggling us required and anyone with a solar panel and a satellite dish can mine?
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by cyphertruck 5y ago
Bitcoin was as created to resist censorship— hence Wikileaks was able to raise money after visa et al banned them. It was created to resist debasement- as a result it maintains its value as inflation ramps up. Thus you would actually not wa
69.
by cyphertruck 5y ago
It’s sad you refused to mount an actual argument and instead are engaging in ad hominem based on a strawman you erected. But that’s fine, keep believing bitcoiners are dumb and keep bashing bitcoin. That’s actually better for me. HFSP
70.
by cyphertruck 5y ago
It seems that way because you are not aware if how it is being used in practice. As a savings vehicle, holding for 4 years has never been a mistake. Globally, and for half a decade, it has been protecting poor people by giving them an exit
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by cyphertruck 5y ago
The irony of this joke is very intense, but you won’t get it. The thing that is most clever about bitcoin is that hating it only affects your well-being, it doesn’t affect bitcoin. Bitcoin will continue, it is inevitable.
72.
by cyphertruck 5y ago
If you tax all CO2 emissions you will not “incentivize clean energy” because “clean energy” produces more CO2 emissions. You will incentivize nuclear, though, which is the cleanest energy. A much more efficient way to do that, though, would
73.
by cyphertruck 5y ago
This is basically fake news. The plant serves regular customers, and since it costs a lot to fire it up or shut it down, during the period where there is excess supply of electricity it is used to mine bitcoin. Unless you have a huge expen
74.
by cyphertruck 5y ago
Your statement about history is probably correct, but I don't agree about energy efficiency. Bitcoin is more energy efficient than gold. Most bitcoin power use is waste power— eg power generated which exceeds instantaneous demand, an
75.
by cyphertruck 5y ago
When you cannot rob from the poor via inflation then it becomes harder to oppress them. The Great Depression was caused by the government making gold illegal, effectively confiscating the nations wealth and replacing it with massive fiat in
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by cyphertruck 5y ago
Blacklisting doesn’t change fungibility. It just means some exchanges are refusing to do business with people who believe in privacy. A government can scream and shout but they cannot block a bitcoin transaction.
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by cyphertruck 5y ago
I cannot believe I forgot one of the requirements for money. Thst is scarcity. In this regard bitcoin beats everything else, and especially beats baseball cards. Unlimited dollars can be printed and baseball cards rven more so. Gold is g
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by cyphertruck 5y ago
This article is knocking down a squadron of strawmen. First off, bitcoins key attribute is not “privacy” but censorship resistance. It’s why wikileaks has been able to keep operating all these years after being cancelled by the mainstream p
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by cyphertruck 6y ago
This absolutely true and a good point. In fact you gave to audit the code you run too. You have to decide who to trust. So how fo we mitigate that? Decentralization & Cryptograhpy Cryptography allows that the person you are trusting is
80.
by cyphertruck 6y ago
“A car is an internal combustion engine driving wheels via a gearbox” is not a refutation of the statement “cars are transportation technology” Ironically you were part right: Empty attempts to score points like yoyrs are a bane on any disc
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by cyphertruck 6y ago
Not your node, not your blockchain. Already Ethereum is centralized because there is no independent network of nodes that can do a full sync from scratch. It depends on a company hosting its servers on amazon (separate from this service)
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by cyphertruck 6y ago
I wasn't making a statement on society, I was pointing out that Amazon has and can censor. There are many examples, going back to banning wikileaks that resulted in them having to accept bitcoin in donations — and now they never need
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Trusted Third Parties Are Security Holes – Nick Szabo (2001)(nakamotoinstitute.org)
3 points by cyphertruck 6y ago|0 comments
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by cyphertruck 6y ago
Instead of reading this press release, please read this seminal article from 2001 rebutting it: https://nakamotoinstitute.org/trusted-third-parties/ “Amazon managed blockchain” is an amazing phrase. All three words ar
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by cyphertruck 6y ago
The idea that when purchasing power increases people spend absolutely nothing is the basis if this rationalization for inflation, and it isn’t supported by logic or experience. They actually spend more and more productively, because instea
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by cyphertruck 6y ago
There is no such thing as “Proof of stake” to replace proof of work. Proof if work is a solution where you do not have to trust anyone, as the block is won by the person who finds the right math result, essentially a lottery. Proof if stak
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by cyphertruck 6y ago
Not to disagree, but to emphasize that the idea that the only way to increase bitcoin capacity is increasing the block size is in error. You didn't push that idea but others do. Nearly every release of bitcoin over past 8 years has in
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by cyphertruck 6y ago
The large backlog these days is mostly spam transactions with almost no fees. Bitcoin has increased capacity dramatically in the past decade.
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by cyphertruck 6y ago
Ah,I misunderstood your point because I read another reply. You make an excellent point!
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by cyphertruck 6y ago
That us not the purpose of bitcoin. (There is no “blockchain technology”) While bitcoin is a record of transactions, and as such a database, it was not created to be a database. Did you read the OP article?

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