fat0wl

35 ms·

241.
by fat0wl 13y ago
Heh no I believe in the utility of the tech, my gripe is just with the implementation details. I agree with what you're saying here there is a lot of possibility here. Checkout Ripple (another responder pointed me to it). It's bas
242.
by fat0wl 13y ago
trippy.... i'll have to read more about them but the fact that systems like this are emerging is kindof giving me some closure. It makes perfect sense. Convert as you want "Or you can keep it simple in Ripple". Perfect. I&#x2
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by fat0wl 13y ago
also you'll be happy to know that I spent Sunday building 2 clones of vintage pre-amps for my music studio & then learning some Scala/Playframework. Bitcoin hasn't invaded my home life yet lol
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by fat0wl 13y ago
ugh i know i just couldnt resist seeing how y'all would respond to the idea of the Bitcoin bank. Well, granted they may want to be a 3rd party to all transactions but if the consumers really want a cryptocurrency they could set up a
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by fat0wl 13y ago
jinx
246.
by fat0wl 13y ago
I think what he means is that you cant turn those costs into a "cost per mile rate" since that rate will decline once you excedd 12000 miles assuming a bunch of the costs are fixed costs. But I don't know, if you're exce
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by fat0wl 13y ago
yeah thats kinda my beef with this stuff too. the transaction fees you pay have a purpose its not just like banks declared they can steal from you. Bitcoin doesn't offer these services, therefore no transaction fees. and the transactio
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by fat0wl 13y ago
hmmm that's true. The issue is I'm a "Front-End Developer" but front-end in this case means... anything above DSL. So I work on Java / model building tools / deployment scripts / js / css / html.
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by fat0wl 13y ago
heh just because there is no official backing organization doesn't mean that there isn't a contingency with an interest in this playing out. In fact.... well all those who have money invested automatically fall into that camp. I f
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by fat0wl 13y ago
yea its mostly the interviewers who ruin this mentality. I'm currently programming a few languages at work (js, Java, using a bunch of other tools) and unfortunately when I apply for my next job they're not gonna believe I did an
251.
by fat0wl 13y ago
The 33-question issue is a tough one for sure. I'm instead left wondering how many extra questions (35 bits? 36 bits?) it would have to be expanded to in order to produce unique results but without having to be particularly clever in p
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by fat0wl 13y ago
lol too much
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by fat0wl 13y ago
gahaha poor guy.... i fixed it i think
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by fat0wl 13y ago
Heh so you just find poker too banal, eh? Lol if you want to code something better than Bitcoin (I think it's trivially easy using libcoin but involves putting a couple of legal/economic advisors on the payroll, which I can't
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by fat0wl 13y ago
HN needs a downvote button for articles. I think that would solve this quickly.
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by fat0wl 13y ago
then the tech world just got 1000x more boring. I thought people got into the startup world because they wanted to AVOID wall street.... best thing the author said lol -- I recommend governments to shut down the entire network to prevent p
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by fat0wl 13y ago
Sure the technology is great. Happy? But appreciating the technological wonder of Bitcoin is so double-edged. It's like witnessing the advent of fire but seeing that that the first thing people do with it is to burn down each others ho
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by fat0wl 13y ago
i'm not convinced the currency can survive since it's really blind faith that is holding it up, so i'm partially just examining an end-game scenario. If BTC starts to plummet (which will likely happen at some point in an ecos
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by fat0wl 13y ago
No apologies, Bitcoin can rot. We as a society have the unique opportunity to reverse a pyramid scheme & foot black marketers with the bill, but instead everyone is just buying up more because "up up up and awayyyy it goes!!!"
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by fat0wl 13y ago
> You appear to believe that: > [ ] Syntax is what makes programming difficult Lol I went from RoR to Java (IBM Websphere stuff) & all my Python dev friends started trying to explain to me how its a career killer because Java&#x27
261.
by fat0wl 13y ago
The Bitcoin fantasy is spamming up HN so bad lately. I think soon I will have to ditch for r/programming. All their stats are wild distortions based on made up numbers. Until it is in widespread adoption as A CURRENCY, these stats all
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by fat0wl 13y ago
Yeah I hear you pfisch you are definitely one of the more reasonable people I have come across in these arguments. But what I'm saying is this -- I'm certainly not an econ expert it's true but I've analyzed enough of the
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by fat0wl 13y ago
Ohhhhhhhh I give up. If you think Bitcoin is the same as gold.... have a nice life. I have a long comment history you can look through if you want to understand why I think it's a scheme. USD is strong as a currency because its stable.
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by fat0wl 13y ago
hah sure there are alternate DNS systems but there's only one that matters... the one recognized by the major ISPs. I don't want to get into the other thing. There are a ton of things that distinguish gold from BTC. For one, it h
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by fat0wl 13y ago
eh it's hard for me to keep going with this argument because Bitcoin's pricing is so made up, but i'll try. I wasn't saying gold doesn't have an exchange rate. I was saying it DOES have one for EACH currency (allowi
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by fat0wl 13y ago
a proxy for the public opinion of a company's net worth vs. current trading price of something with no intrinsic value
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by fat0wl 13y ago
Yeah but nobody insists last trade price multiplied by number of units in circulation = total value of ecosystem Bitcoiners do this CONSTANTLY
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by fat0wl 13y ago
All the things you just listed have intrinsic value.
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by fat0wl 13y ago
What I meant by priced individually isn't that a price is "set" I meant people buy & sell gold in a number of currencies, such that each has an exchange rate that isn't interpreted by conversion to a fiat currency th
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by fat0wl 13y ago
eh I hear what you're saying but i just don't believe this one. .com addresses appreciated in value because they are an actual good -- an address on the web that only 1 person can own. Bitcoin is a currency that isn't serving

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