etr-strike

14 ms·

121.
by etr-strike 9y ago
Sure, maybe including uncle blocks can help secure the chain. It's not without cost, however: now you're forever persisting valueless blobs of data as part of your blockchain.
122.
by etr-strike 9y ago
Sure, uncle blocks help increase the weight of the chain but are also wasted blobs of data forever taking up space on the blockchain. They serve no value other than to make the PoW weighting heavier.
123.
by etr-strike 9y ago
Because mining is dependent on the rate at which information can propagate across the network. If a mining pool is able to hear about the next block 1s sooner than another pool, it has a significant advantage when blocks only take 12s to m
124.
by etr-strike 9y ago
The gold market can be manipulated as most people never take physical delivery of gold. There's no mechanism to audit everyone's holdings. Additionally, I'm of the opinion volatility will decrease as bitcoin matures. Do yo
125.
by etr-strike 9y ago
There's two unknowns in this statement. 1) How does bitcoin behave during a recession and 2) What will the next recession look like? If the next recession takes the form of significant inflation -- resulting in effectively negative in
126.
by etr-strike 9y ago
Of course you can do sub one minute blocks. Bitcoin chose 10 minute blocks to maximize decentralization. Bitcoin could also do 12 second blocks, but then the network would be as centralized as Ethereum.
127.
by etr-strike 9y ago
There's no evidence Proof-of-Stake can work as a replacement for Proof-of-Work.
128.
by etr-strike 9y ago
Yes: Rootstock ( https://www.rsk.co/ ). This exists as a sidechain to the bitcoin network and implements the Ethereum virtual machine. It launched on mainnet yesterday.
129.
by etr-strike 9y ago
When the next recession strikes, interest rates have no place to go but into negative territory. The rates will be either explicitly negative, or effectively negative (inflation higher than interest rates). When that happens, bitcoin will
130.
by etr-strike 9y ago
Stocks only recovered because of unprecedented money printing by central banks across the world. That experiment is, at best, half over. I'll trust in bitcoin, thanks.
131.
by etr-strike 9y ago
How is that an argument for inflation?
132.
by etr-strike 9y ago
I don’t buy your argument. People will still invest because investment generates a return on their money. Additionally, if the savings rate becomes too high the government has the ability to tax and reinvest that revenue as appropriate. In
133.
by etr-strike 9y ago
This is an argument against inflation. The fact that an invisible hand can manipulate the value of wages further weakens labors bargaining power — a power which has been nothing but eroded over the last 50years. Sorry, I feel employers sh
134.
by etr-strike 9y ago
Deflation isn’t guaranteed. Eventually people need to spend. A currency with fixed supply certainly encourages saving. Why is that a bad thing?
135.
by etr-strike 9y ago
I believe a fixed supply of currency is beneficial when determining price. The ability of an institution to secretly change the amount of a currency used to measure price introduces yet another variable into the valuation equation. Addition