doomroot

15 ms·

31.
by doomroot 4y ago
This post makes a call to action and a lot of claims while providing no evidence. Seems like click farming to me.
32.
by doomroot 4y ago
I’m not sure about Ethereum PoW, but in Bitcoin you absolutely pick the chain with the most work not the longest chain that’s a consensus rule. This is how bitcoin/PoW avoids weak subjectivity, the problem described by the parent comme
33.
by doomroot 4y ago
There is no such thing as a hostile miner, what do you think proof of work means?
34.
by doomroot 4y ago
> In contrast, mining can drastically improve the return on capital by operating at larger and larger scales so as to get better and better deals on equipment and electricity. That kind scaling doesn't happen with proof of stake. Ye
35.
by doomroot 4y ago
This does not work on bitcoin. Bitcoin’s difficulty targeting algorithm only retargets every 2016 blocks. This attack is only possible for diff target algos that retarget within a single block slot.
36.
by doomroot 4y ago
The reason frontend dev moves "So quickly" is because of new browser developments & capabilities. Esbuild & vite are currently popular because they are one of the first build tools to fully utilize browser ES Modules. This
37.
by doomroot 4y ago
Love this! It would be amazing if you added a date query string so that you could share this link with a friend you think is wasting their time! :)
38.
by doomroot 4y ago
Reposting from the other thread: I would like to provide some context to people unfamiliar with how the bitcoin mempool works and what you can do to avoid getting your transaction stuck. The mempool is all of the transactions that have ben
39.
by doomroot 4y ago
I would like to provide some context to people unfamiliar with how the bitcoin mempool works and what you can do to avoid getting your transaction stuck. The mempool is all of the transactions that have ben gossiped about but have not yet b
40.
by doomroot 4y ago
No. JS is here to stay, better get used to it.
41.
by doomroot 4y ago
Believe it or not… it’s on bitcoin. It’s fascinating watching a largely un-steared bitcoin attempt to scale.
42.
by doomroot 4y ago
My guess is you haven’t used bitcoin a while. You could easily get away with paying 1sat/vbyte (< $1 for a typical transaction) for over 2 years now. While the 2nd part of your statement is on the surface true, it misses the point.
43.
by doomroot 4y ago
TLDR people are throwing capital at mining companies because they want traditional financial access to bitcoin gains. Mining companies will reach their proper evaluation when a bitcoin spot ETF is available to investors.
44.
by doomroot 4y ago
https://twitter.com/wef/status/941906002982637568?s=21&t=aJv... Don’t believe everything you hear on the internet. The vast majority of these articles lead to Mora et al which has been thoroughly debunked.
45.
by doomroot 4y ago
No, PoW is the point of cryptocurrencies. PoS coins are not censorship resistant.
46.
by doomroot 4y ago
Sorry to break this too you but bitcoin would need to be banned by a serious amount of governments to have any real effect on energy consumption. This is by design. The wiser policy choice is to incentivize the large mining farms in your co
47.
by doomroot 5y ago
> is that it's not super helpful to lump all blockchains together. So you directly compare a proven 13 year old blockchain moving billions of dollars to a centralized blockchain that goes offline monthly? > I'm a noob at al
48.
by doomroot 5y ago
I'm really into bitcoin but comments like these make me cringe. Please add to the discussion or don't say anything at all. For example you could draw parallels between a gold standard and a bitcoin standard and highlight why a bit
49.
Bitcoin as Black Market Money(youtube.com)
2 points by doomroot 5y ago|0 comments
50.
by doomroot 5y ago
A feature of bitcoin is it’s stubborn system stability and resistance to change :) One of the odd benefits of this is that old forum posts and discussions have a good chance of being relevant. Although I will say lots of progress has been m
51.
by doomroot 5y ago
And why can't miners do this on BCH?
52.
by doomroot 5y ago
With no RBF how will you prevent TX's from getting stuck in a high fee environment? I know BCH thinks block space should be unlimited which means TX fees will never get high but i don't think the economics works out there.
53.
by doomroot 5y ago
These are called "orphan blocks" and they happen very regularly, like everyday. https://bitcoin.stackexchange.com/questions/2170/how-often-f...
54.
by doomroot 5y ago
> it seems like waiting for 1 should be more than enough. Not in bitcoin land, orphaned blocks happen a few times a day: https://bitcoin.stackexchange.com/questions/2170/how-often-f... If you're willing to
55.
by doomroot 5y ago
I used bitcoin all the time on steam and there was a time when they were using 1 conf but the majority of the time they used 0 conf with bitpay. Couldn't find anything official with a quick goog but here is a reddit comment from 5years
56.
by doomroot 5y ago
Anything where the buyer doesn't leave 15-30 mins after making the payment or the purchaser is id'd.
57.
by doomroot 5y ago
It's a permission-less payment network, can you not think of a single thing that would be useful for?
58.
by doomroot 5y ago
Context on what I believe they mean by "fraudulent". Steam back in the day used to accept 0 confirmation bitcoin spends. This means that the transaction has been gossiped on the bitcoin p2p network but had not yet been mined into
59.
by doomroot 5y ago
Have you tried lightning network its extremely fast and cheap and pretty reliable these days. Many great mobile wallets support it now, Blue wallet, Muun, Phoenix. Hell even Cash App supports outgoing lightning payments now. Scan a QR code
60.
by doomroot 5y ago
They are penny stocks, nothing more. Exchanges & VCs buy up a ton of coins then market the coin really hard and dump on retail.

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