ericb

67 ms·

841.
by ericb 9y ago
It gives bitcoin its first use-case--inflation resistance. All other currency is continually losing value, by design. It is logical to pick the currency that doesn't lose value by design to store your money. Everyone talks about how bi
842.
by ericb 9y ago
On a related note, it occurs to me that UI/UX for car navigation systems and cell phones is an actual life-and-death matter. Maybe we should treat it differently.
843.
by ericb 9y ago
> it's pretty interesting how you completely avoid talking about the targeted harassment list of Core supporters I posted in my previous comment. I don't think it is interesting at all. I have no idea what the subreddit you lin
844.
by ericb 9y ago
> been excited about bigger blocks (Segregated Witness) for nearly two years. Stop the Orwellian doublespeak There is a one-line constant that changes block-size. Segwit was a giant change that's a one-trick pony that core wanted f
845.
by ericb 9y ago
Just chance that the big-block folks happen to be gone? Nice table, but LoC is way different (and less important) than being the person deciding what gets merged. Show me the merge commits table. Hearn: https://blog.plan99.net&#
846.
by ericb 9y ago
Try posting in r/bitcoin favoring larger blocks. Be as logical as you want. Try disagreeing with anything about the fee market, or saying something critical about core's approach. See if your comment disappears. Hint: it usually w
847.
by ericb 9y ago
They've managed to kick or drive out anyone who has disagreed, so yeah, the sheep that are left are not problematic and produce only the appropriate agreeable noises. Garzik, Hearn, Andresen. Gone.
848.
by ericb 9y ago
I know several other people who have noticed this experience in the last 6 months for the first time. For me, it happened with my Google Now feed and the Netflix show Riverdale (not my cup of tea, but my wife was watching it).
849.
by ericb 9y ago
I'm reminded of Eliezer Yudkowski's article "There is no fire Alarm for Artificial General Intelligence." Is this smoke? https://intelligence.org/2017/10/13/fire-alarm/ Yes, this is n
850.
by ericb 9y ago
> Parking it today for 1.5% just doesn't seem that valuable. Another way to think of it is that you are taking one bucket of money that you're parking and making a bet against stocks, or even asset values in general. You can co
851.
by ericb 9y ago
We need UL listing for security on IoT devices.
852.
by ericb 9y ago
Why not once a week or once a day?
853.
by ericb 9y ago
Belief that Craig Wright is Satoshi is not merited by any evidence we have so far.
854.
by ericb 9y ago
I may be reinventing something that is already done here, but it occurs to me you could also put canary accounts in your data (say one every 100 entries) and use it as a tripwire to alert ops the moment one is passed to the auth service.
855.
by ericb 9y ago
Things that enable previously impossible use-cases don't just go away.
856.
by ericb 9y ago
> Monero is even worse than Bitcoin when it comes to scaling issues. True, and fees are higher because of it, but they are working on that. I should have explained why I mentioned it. I list it mainly because it wins on fungibility, so I
857.
by ericb 9y ago
The current bitcoin core team is optimizing for tiny blocks which means less space for transactions. They are doing this for reasons that don't hold up well if you examine them compared to other solutions (a whole nother ball of wax).
858.
by ericb 9y ago
The backing and even the existence of the United States is also simply a matter of group consensus. It is turtles all the way down, my friend. We're just debating whose delusions are bigger and better.
859.
by ericb 9y ago
Coinbase has 10 million users, most of whom are there for bitcoin.
860.
by ericb 9y ago
See my link about brainwallets above.
861.
by ericb 9y ago
https://en.bitcoin.it/wiki/Brainwallet I think it may be that bitcoin makes a better gold than cash, but it remains to be seen. Volatility is trending down, long-term.
862.
by ericb 9y ago
I don't think it is that simple. Bitcoin has 3 main advantages that can't be easily taken away from it that make things harder for competitors: 1 - Distribution (Metcalfe's law): Metcalfe's law states that the value of a
863.
by ericb 9y ago
> it's worse in every way except for the fact that it is not operated by a central authority. -It is lighter--I can carry it in my head -It travels faster -It is not inflated by 2% a year -It cannot be forged -It can cross borders
864.
by ericb 9y ago
I can also buy things online from other countries where it is legal and have them shipped to me. > x-coin isn't that because it has the functions of a currency: Store of value, medium of exchange and unit of accounting. That's
865.
by ericb 9y ago
> all a sovereign nation needs to do to kill it is make convertibility to the local currency illegal. This only works if all countries do it, and as is evident from the difficulty in getting coordinated world-wide action on climate-chang
866.
by ericb 9y ago
Questions on your list (which is appreciated) if anyone can fill these in: -Which have (legal) US compliance? -Which have options/futures or other contracts? -Which have red flags (holds on withdrawls for mysterious reasons, like Polon
867.
by ericb 9y ago
Sources?
868.
by ericb 9y ago
> It's not core that wants high fees-- why would they? https://www.reddit.com/r/btc/comments/6uw5kf/why_does_core_r...
869.
by ericb 9y ago
I've been listening to both, and I question the motives of both. Members of core have contradicted themselves so often when asked why the block size can't be raised that there must be another agenda. When they claimed a one-line a
870.
by ericb 9y ago
I'm not so sure. There are a lot of people who wanted bitcoin to serve the cash use-case who aren't convinced core will keep bitcoin low-fee and workable as anything other than a settlement layer. Bitcoin cash is closer to the ori

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