fredfoobar

7 ms·

31.
by fredfoobar 5y ago
> First time large protests happened against Bukele in light of this law Hold up, it's a fiasco because some people protested?? > Adoption is low Generally when a new thing is introduced, adoption tends to be low, it doesn't
32.
by fredfoobar 5y ago
He is doing these takedowns in an attempt to help his company. Someone else is probably "selling" his company's services. If people complain about crypto folks "talking their book", then the anti-crypto folks are al
33.
by fredfoobar 5y ago
Why is El Salvador a "fiasco"?
34.
by fredfoobar 5y ago
It's not a consumer product, you can achieve 100% recycling by defining a process for it.
35.
by fredfoobar 5y ago
You talk as though it's a trivial problem.
36.
by fredfoobar 5y ago
Bitcoin is surprisingly easy, I'm currently working on a similar thing, but in Pharo/Smalltalk (I took it up as a project to learn Pharo). It's been pretty nice so far.
37.
by fredfoobar 5y ago
It's actually a war on who makes money off of the drugs, opioid crisis comes to mind.
38.
by fredfoobar 5y ago
It sure does sound like it. But if you want to put some substance behind your thoughts, I recommend this book: https://www.amazon.com/Chaos-Making-Science-James-Gleick/dp/...
39.
by fredfoobar 5y ago
This fits in perfectly with my "bubbles are everywhere" thesis. +1 insightful.
40.
by fredfoobar 5y ago
What happens when eth switches to PoS? everyone will be incentivized to hoard and stake to become a validator, what will incentivize spending?
41.
by fredfoobar 5y ago
> ETH is not deflationary and it is a good candidate to be used as currency. I'm guessing you're opposing EIP1559 then
42.
by fredfoobar 5y ago
https://www.youtube.com/watch?v=LDIGJRd_PyE&t=5s&ab_channel=...
43.
by fredfoobar 5y ago
So, what you're talking about is a USD market consensus on another currency/entity (i.e. people who currently work with USD primarily arriving at a consensus on the price of bitcoin), run a simulation in your head if you will, som
44.
by fredfoobar 5y ago
We can do this soon in El Salvador (and some pockets in the US too). The thing is, this is a strange argument, you want a sudden world wide adoption, like, tomorrow every biz owner wakes up and decides to accept bitcoin, so that you can buy
45.
by fredfoobar 5y ago
Monero and other crypto folks seem to rush in whenever Bitcoin is being attacked for something. I find it fascinating.
46.
by fredfoobar 5y ago
What do you mean "actual value" where is that value coming from?
47.
by fredfoobar 5y ago
Can you (or someone else) please explain this analogy? I didn't understand it at all.
48.
by fredfoobar 5y ago
I'm not a Bitcoin-maxi, calling someone a "bitcoin-maxi" and dismissing their argument isn't a valid way to counter. Kindly explain the tropes to us and enlighten us why that is provenly false. I'll read it, I promi
49.
by fredfoobar 5y ago
This is a great comment paul_f, keep it up. You're adding a lot of value on HN.
50.
by fredfoobar 5y ago
If we had a way to do this, why would we just limit it to crypto?
51.
by fredfoobar 5y ago
> The Bitcoin chain fork where the bug manifested wasn't reverted. Instead, a chain fork where the bug didn't manifest outgrew the one that did, and is now the canonical fork. That's right, thank you for adding the missing
52.
by fredfoobar 5y ago
Electricity is the best form of energy to use as the basis for Proof of Work, because there is no pre-requisite on how to generate the required electricity. compare: electric cars vs ice cars, electric cars can also end up consuming "d
53.
by fredfoobar 5y ago
> The blockchain wasn't mutated after the DAO hack. This has been well reported. https://web.archive.org/web/20201214170136if_/https://www.re... from another post: https://news.ycombin
54.
by fredfoobar 5y ago
> if PoS chains are vulnerable because you can hack exchanges and use their coins to attack, then PoW chains are vulnerable because you can hack exchanges, sell the proceeds to buy ASICs (or just buy the ASIC company), and use those ASIC
55.
by fredfoobar 5y ago
> But at scale you need lots of nodes/computational power and therefore lots of money. It doesn’t really make a difference whether you buy graphics cards in a pow world or ethereum in a pos world, you need lots of capital to be infl
56.
by fredfoobar 5y ago
> (And there's BTC holders with more than 0.3% of all BTC) And yet, they can't stake their Bitcoin gain influence in the network. They're just another user in user-land
57.
by fredfoobar 5y ago
I want to add to this, some additional material, anyone interested in the current state of DeFi can understand this https://medium.com/coinmonks/demystify-the-dark-forest-on-et...
58.
by fredfoobar 5y ago
Except, most people chose to move their stake from one system (USD) to another (ETH) and now, you are a powerful person in this new system. If you owned more stake in the Bitcoin network, you are still a user.
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by fredfoobar 5y ago
He's talking about the Financial System, not the Bank (akin to a node)
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by fredfoobar 5y ago
full node != miner Run your own full node, easiest option: getumbrel.com

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