disruptalot

7 ms·

31.
by disruptalot 5y ago
Why are those related? The purpose of requiring energy to operate the network is to have something at stake when enforcing rules of the system. You could have unlimited or even arbitrary inflation of the currency while still requiring proof
32.
by disruptalot 5y ago
Something happening once does not mean it will happen again. There have been numerous huge hacks in the past 5 years, even where the losses were from the most influential of holders and no action was taken (e.g. parity bugs). A bug and reve
33.
by disruptalot 5y ago
Everything in the universe is built on something else. Let's speak the facts, can you demonstrate how DAI has been knocked off the peg substantially and with serious effects? Even with a reach should we find a an hour in history where
34.
by disruptalot 5y ago
> Trustlessness can by definition only extend to what can be wholly represented on chain. Stablecoins cannot. Many algorithmic stablecoins like DAI can be fully audited on chain and have proved to be robust (so far, 4 years). They let yo
35.
by disruptalot 5y ago
I would also read ivmmeta's response [0] and his reply [1] . At first I walked away fairly confident at what I had read. Later when I came across the responses, things got more uncertain. The example which quickly comes to mind is that
36.
by disruptalot 5y ago
There are plenty of ways to distribute and obtain revenge porn. Nothing unique and especially nothing efficient about blockchain. Blockchain isn't some special higher power, from a data perspective it's not substantively different
37.
by disruptalot 5y ago
No this isn't the modern narrative, it's the stop gap solution for individuals that don't have the capacity to adapt to a new paradigm or have particular concerns (e.g. abuse) The utility is still right there for whoever want
38.
by disruptalot 5y ago
The entire premise of the article is flawed. Blockchains aren't at all as "take it or leave it" as it's being portrayed as. In fact, the exact opposite compared to traditional web services. Yes you can send a token or NF
39.
by disruptalot 5y ago
I'm not aware of any instances of this but the solution is pretty simple. It's not dis similar at all to the current web. At the end of the day, any node that faces the public is a web server that is serving content, whether it&#x
40.
by disruptalot 5y ago
You make it sound like this is somehow a unique property Bitcoin. In truth, every asset and even medium of exchange can and has been manipulated for gain. JP Morgan spoofed the precious metals market and got caught. In the medium of exchang
41.
by disruptalot 5y ago
Do you have any examples of any of the parties you listed successfully exercising their power against the protocol? Sure anyone can affect anything but how did any of them selfishly affect the fundamental properties of the protocol?
42.
by disruptalot 5y ago
They can't interfere with what you want to do. They could try to prevent you from interacting for a while but it would be futile. There are heavy disencentives, and decentralised enough. Which is why this has basically never happened.
43.
by disruptalot 5y ago
This is the perfect example of a critic response and exactly the phenomenon I'm describing. On 1, you're somehow conveniently ignoring the "without permission or interference from a third party.". I never mentioned again
44.
by disruptalot 5y ago
It's truly incredible that people still confidently proclaim that there is "no use case" today. Because of the technical nature of the underlying tech, it's hard for the average individual to recognise how and why it&#x2
45.
by disruptalot 5y ago
There hasn't been "furious money printing" before, at least not in comparison to post covid. Have you seen the M1 money supply? [1] [1] https://tradingeconomics.com/united-states/money-supply-m1 The othe
46.
by disruptalot 5y ago
Web3 is a highly ambigious term so there's no point discussing whether it's decentralized - it simply depends on what system you are referring to. For the sake of simplicity we stick to the authors main claim. That Ethereum is cen
47.
by disruptalot 5y ago
I wish there was a more concerted effort on following up on both covid patients and vaccine administrations and presenting the data on the outcomes in the general media. Instead, the only widely decimated message is "get your vaccine&q
48.
by disruptalot 5y ago
> It's unknown how long the booster would last It's well within reason to expect that it won't be longer than the 2nd dose. > The person I responded to didn't say what their reaction was I kind of extrapolated base
49.
by disruptalot 5y ago
> why wouldn't you want to get something that showed such high efficacy against death and hospitalization that had such a low, temporally finite cost? Because they've already determined that their current health is already high
50.
by disruptalot 5y ago
> You'd think the "decentralized finance" people would have figured out a way to separate those functions by now. But no. But yes. I'm not sure how you've heard the term "decentralised finance" but have
51.
by disruptalot 5y ago
Can you explain the history of accredit investor laws and how they were designed to keep out criminals? I thought they kept out retail, i.e. the less wealthy. Criminals are traditionally the opposite and have "legitimate" funds th
52.
by disruptalot 5y ago
Almost no one that appreciates the unique characteristics of Bitcoin want anything to do with those 2 blockchains. CryptoA != CryptoB. Specifics matter, _a lot_
53.
by disruptalot 5y ago
> Experiment away! But not with mega-scale proof-of-work projects Are you familiar with any methods to achieve the same characteristics of Bitcoin but without PoW? Perhaps the energy is not the issue, perhaps it's your view to the i
54.
by disruptalot 5y ago
You could say "finance of last resort" or you could call it a new paradigm of finance. You are simply dismissing something that you have no personal connection to. When you can't open a bank account, are discriminated against
55.
by disruptalot 5y ago
Executing the contract takes very little compute. It's the transaction and block ordering which is the most important. For that, you need to distribute and add stake (PoW) to the blocks.
56.
by disruptalot 5y ago
Using graphic cards to mine bitcoin became unprofitable about 10 years ago. The graphic card shortage can be linked to other cryptocurrencies.
57.
by disruptalot 5y ago
You don't need to buy goods and services directly but it is a good way to store and invest your wealth. Most capital controls are mute once you've exited into crypto. On what basis do they hit you? Anyone that ever has any link to
58.
by disruptalot 5y ago
Remember when Apple punted privacy as their strength? In a closed proprietary system, it's always just a promise. It's the same story then as it is now. Never trust a company promising you privacy. If you can't verify your pr
59.
by disruptalot 5y ago
> The crypto community is largely divided over Wright’s claims that he invented Bitcoin. Anything but. Bar a few, the entire space asserts that Craig Wright is a fraud.
60.
by disruptalot 5y ago
Not exactly. There are plenty of anonymous projects, developers and users.

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