grubles

9 ms·

31.
by grubles 6y ago
Only if you enjoy all of the negatives of EVM-like smart contracts including chain splits, gas problems, subtle bugs that could drive exchanges to insolvency, mass theft, broken multisig, the list goes on...
32.
by grubles 6y ago
Vitalik's claim is a lie. No "OP_RETURN wars" happened. It's a complete fabrication. See https://twitter.com/notgrubles/status/1187470076833697794
33.
by grubles 6y ago
That doesn't change the fact the claim is a laughable lie.
34.
by grubles 6y ago
Unused blockchains have no / low transaction fees. >When people started using Bitcoin, fees went up! That's how it is supposed to work.
35.
by grubles 6y ago
Yes it is FOSS and multiple different implementations from different development groups / companies are available including c-lightning, LND, and eclair (I'm probably missing one or two). The claim is truly a meme -- one that can
36.
by grubles 6y ago
Just to note: the "Bitcoin was hijacked by <corp>" is a running joke at this point and not to be taken seriously. Ask anyone to provide verifiable proof of this and they will respond with hyperbole or conspiracy theory.
37.
by grubles 6y ago
This is incredible tinfoil-y nonsense that I find hard to believe is even posted on a website of HN's caliber.
38.
by grubles 6y ago
Ethereum just had a consensus failure that caused a loss of money and shut down transfers at one of the largest cryptocurrency exchanges in the world (Binance). The minimum deposit for ETH2 is a very small percentage of the total premined (
39.
DOJ – International Statement: End-to-End Encryption and Public Safety(justice.gov)
49 points by grubles 6y ago|20 comments
40.
by grubles 6y ago
It's sad that there is an ongoing dilution of the term "censorship" which is really referring to moderatorship of online forums.
41.
by grubles 6y ago
Trust minimization instead of maximally trusting RBC with all of your money but also the counterparty to deliver.
42.
by grubles 6y ago
The point is the entire point of Bitcoin itself is to minimize or hopefully remove completely the requirement of trust.
43.
by grubles 6y ago
Well the point is with Bitcoin you don't have to trust RBC to not freeze and/or abscond with your $1B.
44.
by grubles 6y ago
Lightning is live right now too, and has been for two years. The "ISP"-like (???) layer-2 thing you're referring to is just the fact that Lightning is decentralized and also scales, which is probably why the author accurate
45.
by grubles 6y ago
The part about Lightning making "higher throughput blockchains irrelevant" is correct though. Blockchains inherently do not scale unless you sacrifice decentralization, and once you've done away with decentralization then you
46.
The U.S. may soon get its first dedicated bank for digital assets(coindesk.com)
1 points by grubles 7y ago|0 comments
47.
by grubles 7y ago
The other funny thing is the common misconception that Bitcoin does not have smart contracts. Bitcoin transactions are actually pretty programmable. You can have a coin be unspendable until a certain date, or have it require n cosigners to
48.
by grubles 7y ago
The difference between my claims and yours is I challenge readers to validate the claims themselves instead of taking my word for it. https://news.ycombinator.com/item?id=21614951
49.
by grubles 7y ago
That, of course, has nothing to do with Blockstream.
50.
by grubles 7y ago
The point is no one even remotely involved with Blockstream is in a moderator position in r/bitcoin. This is in contrast to r/btc, which is absolutely indisputably run by Bitcoin,com (the business) employees.
51.
by grubles 7y ago
Verify my claim yourself. Check the sidebar. It's nearly all adverts for Bitcoin,com products. https://old.reddit.com/r/btc/ /u/memorydealers was formerly the CEO of Bitcoin,com. Now he is in some l
52.
by grubles 7y ago
This is an outright lie. In fact, r/btc is controlled by for-profit entity (bitcoin,com which has little to nothing to do with Bitcoin the project) and has advertisements blasted all over the subreddit page.
53.
by grubles 7y ago
Lightning is not censorable as participants in a payment channel route cannot know the sender nor receiver of a payment. It's similar to tor relays.
54.
by grubles 7y ago
Surely you haven't heard of Simplicity then. A potential replacement for Bitcoin's current scripting language. https://blockstream.com/2018/11/28/en-simplicity-github/
55.
by grubles 7y ago
They're absolutely not an afterthought in Bitcoin, and in fact some of the functionality of Bitcoin Script was disabled to prevent some of the disasters that have occurred due to poor engineering decisions in Ethereum. https:/&#x
56.
by grubles 7y ago
Controlling node consensus is the most important "layer". Nodes enforce protocol rules. If most "dapps" are using Infura, then Infura can easily force changes upon not only the dapps themselves but the entire network. Et
57.
by grubles 7y ago
Ethereum as a platform has made many bad design decisions. It's not really suitable for a lot of things; including, well, things it was marketed for (unstoppable, uncensorable, scalable applications).
58.
by grubles 7y ago
Maker is run on a centralized blockchain. Ethereum is pretty admittedly centralized on the Infura node-as-a-service platform, which in of itself is hosted on AWS. https://www.coindesk.com/the-race-is-on-to-replace-ethereums.
59.
by grubles 7y ago
Bitcoin has smart contracts, and has for many years now. Ethereum's marketing for the phrase is kind of misleading. Why the downvoting? Apparently a number of people haven't heard of Bitcoin Script, or are upset I pointed out this
60.
by grubles 7y ago
Your whole new network wouldn't be Bitcoin then. Therefore there is no cloning. Bitcoin scarcity remains in tact. Bitcoin's initial distribution was as preferable as it can really get. It was announced to a mailing list of people

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