gnerd

13 ms·

91.
by gnerd 13y ago
It seems to me the gold analogy is more applicable when storing BTC than the cash one. I might be OK storing my gold with some institutions, especially ones with a proven track record and insurance policy, but other than those few institu
92.
by gnerd 13y ago
In BitCoin I do believe the irreversible nature of transactions is seen as a feature, not a flaw. My bank has fraud protection but if I use my debit card and the transaction goes through, it is very unlikely I will ever see those funds agai
93.
by gnerd 13y ago
A person in a far away land is unlikely to be able to steal funds you put in a physical BitCoin wallet generated offline that has never had any transaction outputs. Less likely than the cash analogy. They can get my debit card number and st
94.
by gnerd 13y ago
So what about if the government decides to devalue the currency by printing more money? Hasn't that 'quantitive easing' eroded your stored value? Your balance might be the same but the purchasing power and thus value isn&#x27
95.
by gnerd 13y ago
The difficulty will increase in response to the hash rate of the network, it doesn't directly correlate to the amount of coins in existence. So when the last BTC is mined, if people stop mining the difficulty will go down (after about
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by gnerd 13y ago
Except he did make a comment, although not a concrete one: > However, it is good to note that in my initial review, I believe the paper’s assertion of a fundamental flaw is based on some over-simplified assumptions about how the bitcoin
97.
by gnerd 13y ago
When dealing with an entirely new concept, isn't everyone an amateur?
98.
by gnerd 13y ago
I may be wrong, but due to the deflationary nature of BTC (limited supply, increasing demand), when that happens, those fees are worth more (in government backed fiat currencies) than they are today. It's like being upset that the orig
99.
by gnerd 13y ago
Then use Satoshi Dice first, or start your own game of chance with ridiculous odds floated with the stolen coins and exploit peoples natural greed.
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by gnerd 13y ago
If you stay logged in when you read HN, you should use the noprocrast feature in your settings.
101.
by gnerd 13y ago
And it isn't scrypt :)
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by gnerd 13y ago
> If anything, our drive for beating someone else into space for political or economic reasons has really poisoned the well, so to speak. I assume you are American. If so, I may be fuzzy on the historical facts, but didn't the Russi
103.
by gnerd 13y ago
Scytale - http://en.wikipedia.org/wiki/Scytale
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by gnerd 13y ago
Got it: A COMPUTER WOULD DESERVE TO BE CALLED INTELLIGENT IF IT COULD DECEIVE A HUMAN INTO BELIEVING THAT IT WAS HUMAN WWWDOTMETRODOTCODOTUKSLASHTURING Now onto something a little more productive.
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by gnerd 13y ago
The second I saw the arrow style I thought of Daim and when I scrolled down, sure enough, there was a piece by Daim. Very nicely done. Props.
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by gnerd 13y ago
> Zeev Suraski and Andi Gutmans rewrote the parser in 1997 and formed the base of PHP 3, changing the language's name to the recursive acronym PHP: Hypertext Preprocessor. http://en.wikipedia.org/wiki/Php#Histor
107.
by gnerd 13y ago
Out of interest, was that the ambient temperature or was the thermometer placed above the source of steam?
108.
by gnerd 13y ago
You're not wrong. In my opinion, all constitutions suck. They are, after all, the proverbial horse designed by committee. But its better than nothing right? South Africa probably has the most liberal constitution in the world, that mak
109.
by gnerd 13y ago
Well I suppose we could start by having a written constitution rather than a uncodified constitution, otherwise, it seems to me, once they bring in legal measures as acts and statutes and then the public gets used to an idea, it is not long
110.
by gnerd 13y ago
I too like the image of the old Eton boys club handling things smartly and discretely but my gut feeling is that once 100 billion of foreign money is on the table and politicians are involved, things can get a little primitive, very quickly