ericb

77 ms·

811.
by ericb 9y ago
There's another aspect, unforgeability. The interesting thing about the blockchain is that it is a very hard to forge data-set, by design. You can take a proof of work blockchain and look at the hashes of the blocks in it, and based on
812.
by ericb 9y ago
I agree, although I might add "trustless" in there.
813.
by ericb 9y ago
Even if he thinks the company will do well, selling at the PE multiple the market is giving now probably makes sense.
814.
by ericb 9y ago
It is named bit coin . The first line of the paper you cite: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
815.
by ericb 9y ago
Great to hear your thoughts on this, pmd. You don't mind if I call you that? Oh, you do? Well I'm going to anyway.
816.
by ericb 9y ago
More than 50% of the hashpower for bitcoin core is in China, so it is just as vulnerable!
817.
by ericb 9y ago
The surface area of lightning scares me. Don't get me wrong, I hope it works, but it just sounds really unlikely to.
818.
by ericb 9y ago
> Bitcoin Cash is worse for their application than Litecoin in pretty much every way Litecoin will have the same scalability problems as bitcoin core, and it hasn't attracted a cutting edge-team that will be likely to try a differen
819.
by ericb 9y ago
In spite of your condescension, I don't think you understand what a 51% attack is. You are confusing agreement on hard-forks with POW consensus in your defense of why Bitcoin is not vulnerable to a state mandated 51% attack from China.
820.
by ericb 9y ago
If your purpose was to explain how this solves a 51% attack from China, you have not yet succeeded.
821.
by ericb 9y ago
Since the work was undertaken in China, can you flesh out how the fact that nodes verify consensus resolves the China-coin problem? A 51% attack dictated by the chinese government would verify just fine.
822.
by ericb 9y ago
The proof of work determines consensus.
823.
by ericb 9y ago
Litecoin has the same small-block commitment. > If you want centralized chinese government controlled crypto, there's bcash. That's the pot calling the kettle black. Bitcoin core is China-coin . The economics of mining mean th
824.
by ericb 9y ago
Not if the core devs had implemented it.
825.
by ericb 9y ago
Thanks for the tldr; I hadn't realized that was possible.
826.
by ericb 9y ago
Is the virus transmissible?
827.
by ericb 9y ago
> there is plenty written on both scaling and checkpointing/snapshotting, Not the op, but I'd be interested in seeing sources. I haven't made up my mind.
828.
by ericb 9y ago
So what does one do when you tried to verify, but coinbase shows this: Driver's License + Photo Verification Reason:Unknown response status: Every time I take a photo, I see "we're verifying your ID." Then nothing happen
829.
by ericb 9y ago
The protocol (proof of work based system using wallets and addresses) doesn't define the implementation and the implementation defines limits. The protocol especially does not define the implementation of other layers built alongside i
830.
by ericb 9y ago
It was once impossible to stream movies over the internet because modem technology was limited to 1200 bits per second. Even band-aids like doubling capacity wouldn't help enough. Technically. Impossible.
831.
by ericb 9y ago
Constant Contact | http://constantcontact.com | Waltham, MA | Javascript|Java|Ruby | Full-time We're hiring at Constant Contact in Waltham Massachusetts. Challenging and modern development environment with different opportu
832.
by ericb 9y ago
POW relies on self-interest, though. For example, if you own the most of a particular POW coin, it is not in your interest to corrupt the ledger because you will suffer the loss of faith in the currency worse than anyone.
833.
by ericb 9y ago
It is like if you and I took turns paying for lunch periodically and we used a ledger to track who paid what, and who owes who. The ledger itself is bitcoin. The ledger paper is worthless, but the entries on it "have value." For y
834.
by ericb 9y ago
Even if it is a sock puppet (and isn't your account pretty new?), humans are reading here, so my advice is to take the high ground if you want to convince people. Can you explain why chain rewards decreasing are problematic. Asic hardw
835.
by ericb 9y ago
I'm not the OP. My claim is about the comment that I replied to, so that is my source.
836.
by ericb 9y ago
Your response is insults, ad-hominem and a conspiracy theory that these are sock puppets. You won't convince anyone that way.
837.
by ericb 9y ago
I don't think so. Bitcoin cash is not being dumped by miners--they are in it for the long haul. Litecoin is a me-too copy, bitcoin cash is people with different values working on a different vision. Here's an interview with the le
838.
by ericb 9y ago
Bitcoin cash deserves the moniker "Peer-to-Peer Electronic Cash." Core's roadmap ceded that claim. Sadly, being "digital gold" is a huge mistake because a store of value that is also a currency is a dominating str
839.
by ericb 9y ago
If you are interested in reusing your functional test libraries to run load tests, drop me a line at hello@browserup.com. We have a solution and are looking to do pilots.
840.
by ericb 9y ago
I thought I saw some threads a while back saying that tethers had been audited, and the speculation that they were not actually backed wasn't true. Am I imagining that?

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