gitfan86

69 ms·

871.
by gitfan86 5y ago
If the price stays constant for 100 years where is the money coming from to pay for those NVIDIA cards that the miners are using?
872.
by gitfan86 5y ago
Miners could make a profit at $1/coin. The issue is that profit comes from somewhere. And that somewhere is new money being put into BTC. Hence, BTC is negative cashflow.
873.
by gitfan86 5y ago
Stop and think about what you are saying. If everyone in the world stopped buying TVs and instead held onto their current TVs the demand for TVs would go to zero. What would the market price of TVs be when there is zero demand? How do you t
874.
by gitfan86 5y ago
All assets ( BTC, Stocks, Gold ) are priced on supply and demand. If demand goes down for BTC the price will go down. It doesn't matter if the fed prints money or not BTC needs a constant infusion of new investment to keep the price up
875.
by gitfan86 5y ago
Is this Peter Pan? If you just believe in the power of BTC it will never go down in value?
876.
by gitfan86 5y ago
Imagine if you had the option of buying a piece of gold or a piece of land with good irrigation and good soil. You can plant vegetables on the land and sell those vegetables for other people to eat. Therefor your investment is generating pr
877.
by gitfan86 5y ago
This is what people don't seem to understand about BitCoin. It is cashflow negative, Money has to keep coming in to keep the price up due to paying miners. It is totally fine if you think BTC is better than the USD or Gold for whatever
878.
by gitfan86 5y ago
> Recovery mechanisms for private key based identities have been designed and implemented. That is not how blockchain works. Once someone has your private key they can make any transactions that they want, you cannot undo those changes o
879.
by gitfan86 5y ago
A lot of people use ESLint and Prettier. If you look at the roadmap/issues for those products you'll see that some feature requests cannot be programed, but can be understood without knowing the full context of the business and co
880.
by gitfan86 5y ago
Thousands of people die every year because of human errors. Do you think this should continue forever? If not how do suggest we create software without testing it in real world conditions with a safety driver who can monitor and take over a
881.
by gitfan86 5y ago
I have done this for many years. The problem is that software work is very similar to being a novelist. And very few successful novelists are able to crank out lines of content for 8/hours a day. It is draining, but it is also work tha
882.
by gitfan86 5y ago
That is what they said about housing in 2007. I'm not saying that crypto is going to go away and never exist. I'm saying it could go down by 80% during a liquidity crisis induced panic.
883.
by gitfan86 5y ago
Issuing stablecoins isn't a scam by itself. The whole crypto ecosystem cashflow is the real scam. There is no liquidity. All it takes is a few people that panic and the whole thing falls apart, UNLESS there is someone ready to print mo
884.
by gitfan86 5y ago
When you say 'modern' do you mean with photolithography?
885.
by gitfan86 5y ago
You know how to debug kernel issues? Yes You know how AWS virtualization works and how to diagnose a problem with the AWS networking stack? Yes, and yes assuming that everything AWS is responsible for is operating within spec. Obviously,
886.
by gitfan86 5y ago
This was meant to be in the context of hosting software services on AWS. Certainly there is a limit. If a MBP get a crack in the case, I'm not going to figure out how to machine a piece of aluminum into a new case, I'll replace th
887.
by gitfan86 5y ago
I'm so glad that I'm not still the CTO of a startup. I would be getting dozens of e-mails from people without engineering backgrounds asking "Are we multi-cloud", "why didn't you make us multi-cloud"?
888.
by gitfan86 5y ago
I do contracting dev work and my specialty is being able to drill down into any part of the engineering assets, ops, sec, dev. People think someone like me is slow and expensive until they have a problem that no one else wants to touch.
889.
by gitfan86 5y ago
The utility of Bitcoin is that it allows you to bypass government and regulations and high cost money transfer services. The price should reflect that utility and anything beyond that is day trading or beanie baby style speculating
890.
by gitfan86 5y ago
You are assuming that one cannot access facts and the law without paying a lawyer.
891.
by gitfan86 5y ago
But at what cost? 200/hour to navigate a situation that is easily winnable? Also if the other party knows that he has a lawyer they can use that to run up legal fees, making a settlement seem like the cheaper option.
892.
by gitfan86 5y ago
So you agree that he doesn't need a lawyer at this junction. But if a lawsuit is filled, he will need to respond and request that the case be dismissed. Using a lawyer for that step isn't a bad idea. They are going to have a hard
893.
by gitfan86 5y ago
It isn't that simple. The burden of proof and the cost of filing suit is entirely on the people who own the .net domain. You can't lose a domain based off of a threatening email. I have received threaten letters before and have re
894.
by gitfan86 5y ago
I like upstack, but they also take a percentage.
895.
by gitfan86 5y ago
I want the identity provider to be able to cancel accounts. If they cannot cancel accounts what happens when a scammer creates an account that looks exactly like my company?
896.
by gitfan86 5y ago
Pyramid schemes like Rodan and Fields can go on forever, they will grow and contract over time, but there will always be a new group of people who are interested in getting rich. The mentality isn't much different than gambling at casi
897.
by gitfan86 5y ago
You do have your own private keys when you enable authenticator on your mobile device for TWO-Factor auth.
898.
by gitfan86 5y ago
You are describing "Login with Google" HN could easily support that, but one of the features of HN is that anonymity is optional.
899.
by gitfan86 5y ago
But what if there is a shell company that has issued paper to Tether and Evergrande owes the shell company money?
900.
by gitfan86 5y ago
Just don't forget about that 3% https://www.datacenterdynamics.com/en/news/report-aws-uncert...

More ›