gingeropolous

4 ms·

1.
by gingeropolous 5y ago
its less efficient because decentralized things are less efficient by design. they sacrifice efficiency for the authoritiless nature. That is the goal - to remove authority from money. Money should just exist and have rules and thats it. Th
2.
by gingeropolous 5y ago
but it does have to do with the dollar bills. The discussion centers on the technology as a currency and money. I think these things have bee separated in our general understanding of things, but in bitcoin they are melded into one. You
3.
by gingeropolous 5y ago
yes because thats clearly how money should work.
4.
by gingeropolous 6y ago
https://medium.com/@danhedl/pow-is-efficient-aa3d442754d3
5.
by gingeropolous 6y ago
> No, I want the world's energy and carbon footprint to reduce, rather than have people with a decentralisation fetish invent new ways to incentivise thrashing. Then any way to dismantle the existing consume-everything-to-make-a-pro
6.
by gingeropolous 7y ago
Thats also bitcoin/cryptocurrencies. Decentralized money is insanely complicated compared to centralized money. There is no efficiency here.
7.
by gingeropolous 9y ago
In Monero, this is known as a "subaddress", and has recently undergone review by the Monero cryptographers. https://github.com/b-g-goodell/research-lab/blob/master/publ... All I can really say
8.
by gingeropolous 9y ago
> but transaction fees do not decrease as more transactions occur. Yes, it does. The transaction fee is a dynamic fee based on the block size. As the block size increases, the transaction fee decreases. The theory being that an increased
9.
by gingeropolous 9y ago
> In a P2P economy (which is this technology is meant to lead us) fungibility problems are not a thing beacuse there is no relative central party to make a standard. wat? fungibility is not about a standard. fungibility applies at every
10.
by gingeropolous 9y ago
not true. Monero has had forced ringsize > 1 (the new term for mixin, because mixin implies active mixing) since around 2016 or so. http://moneroblocks.info/stats/ring-size ooh i can edit. And the recent fork increa