grubles

11 ms·

61.
by grubles 7y ago
How do you know that gold coin isn't filled with tungsten? With Bitcoin, it takes a handful of milliseconds to verify a transaction.
62.
by grubles 7y ago
Your "nearly" identical is why they are completely different. Only bitcoins are valid on the Bitcoin network. Any clonecoin's token will be rejected since nodes on the Bitcoin network validate transactions and blocks that are
63.
by grubles 7y ago
Which will be promptly rejected as invalid since the nodes on the Bitcoin network validate everything. This is partially why (among other reasons) Bitcoin is transformative tech. It can resist quite easily individuals trying to forcefully c
64.
by grubles 7y ago
"How to factor 2048 bit RSA integers in 8 hours using 20 million noisy qubits" https://arxiv.org/abs/1905.09749
65.
by grubles 7y ago
Actually I did have to contact support since the shipping took a few weeks. Understandable given the exotic hardware and, well, they're small and they support freedom in computing, so I have no qualms waiting. I got a reply relatively
66.
by grubles 7y ago
Please don't dismiss Raptor over this. I've had nothing but a great experience ordering from them. I do not have a Blackbird but my Talos II Entry system (1-cpu slot vs. 2) works flawlessly.
67.
by grubles 7y ago
Transitioning from subsidy to transaction fees to reward miners existed as an idea before nullc. It's in the whitepaper for crying out loud. >Once a predetermined number of coins have entered circulation, the incentive
68.
by grubles 7y ago
That infrastructure exists already. It just takes a pool's operations to be compromised (in whatever manner you devise) in order to redirect its hash rate. Keep in mind we're talking about small Bitcoin pools here. Not even the
69.
by grubles 7y ago
That doesn't explain the favoritism for BCH over the multitude of other forks (some worth $50-$100 per token) though. Why no Bitcoin Gold listing?
70.
by grubles 7y ago
That doesn't explain listing Bitcoin Cash (Bcash) - an altcoin that shares its mining algorithm with Bitcoin but only has a very small amount of hash rate backing it. Any small Bitcoin miner can decide at any moment to switch to mining
71.
by grubles 7y ago
The Lightning Network actually has seen parabolic growth since it started in Q1 2018 -- with roughly 40,000 payment channels opened and ~1000 BTC total capacity. https://p2sh.info/dashboard/db/lightning-network?org
72.
by grubles 7y ago
Mining is arguably the best aspect since it incentivizes using cheap renewable energy, which is why you'll find many large industrial mining farms using hydroelectric dam-produced electricity.
73.
by grubles 7y ago
Blockstream launched the Liquid Network sidechain fairly recently.[0] The features that distinguish it from the Bitcoin main chain are fast settlement times (1-minute blocks), confidential transactions (versus BTC's transparent txs), a
74.
by grubles 7y ago
Also, check out Blockstream's Simplicity smart contract programming language. https://blockstream.com/2018/11/28/en-simplicity-github/ https://github.com/ElementsProject/simplic
75.
Anon dev in post-Soviet east Europe broadcasts diary over Blockstream Satellite(twitter.com)
2 points by grubles 8y ago|0 comments
76.
by grubles 8y ago
Sure can. :-) https://sandiego.craigslist.org/nsd/zip/d/carlsbad-directv-s...
77.
by grubles 8y ago
The antennas required are the ubiquitous commercial satellite TV kind which you can probably find on craigslist for free. The other hardware costs < $100. The software is all free (along with the broadcast itself).
78.
Blockstream Satellite API: Pay with BTC via Lightning to Broadcast Data Globally(blockstream.com)
107 points by grubles 8y ago|64 comments
79.
'The Black Swan' Becomes the Cheapest Work of Art in History(blockstream.com)
1 points by grubles 8y ago|0 comments
80.
Blockstream Satellite API(blockstream.com)
4 points by grubles 8y ago|0 comments
81.
by grubles 8y ago
It's not like an IOU. They are literally signed (by both parties of the channel) transactions that have yet to be broadcasted and included into blocks. You aren't sending something that is worthless to the counterparty. You both a
82.
by grubles 8y ago
You hit the nail on the head. Hodling is, in some cases, the best use case for Bitcoin.
83.
by grubles 8y ago
Barring a catastrophic vulnerability in SHA256 or ECDSA, Bitcoin is going nowhere. Bitcoin has been a wild success. At this point, the goal is simply educating newcomers on its advantages (immutability, trustlessness, sound money).
84.
by grubles 8y ago
Bitcoin can serve as both digital gold and cash. The Lightning Network (a network of bi-directional payment channels) supports instant sub-1-cent micropayments.
85.
by grubles 8y ago
Bitcoin uses smart contracts for its transactions. Meaning, you can program a transaction to occur if certain conditions are met. One example is a multisignature-required transaction. A multisig transaction is only valid and spendable if n-
86.
by grubles 8y ago
I have a Dell XPS 15 and it's on par with any Apple product I've used and it does not have the Apple tax nor touch bar.
87.
by grubles 8y ago
https://techcrunch.com/2018/03/15/lightning-labs-just-raised...
88.
by grubles 8y ago
Your "wrong" is wrong. You still need large storage devices if you want to trustlessly verify transaction history.
89.
by grubles 8y ago
There are absolutely not more users of Bcash than Ethereum.
90.
by grubles 9y ago
It's interesting to note that the submitted blog post has no mention of the plans to launch a token[0]. [0] https://www.coindesk.com/token-summit-surprise-openbazaar-la...

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