hudon

33 ms·

301.
by hudon 8y ago
I've been actively researching use cases and properties of cryptocurrencies (more than 15 minutes) and have come to the opposite conclusion: none of the hype is based in fact. For instance, let's go through your claims one by one.
302.
by hudon 8y ago
I appreciate highlighting how centralized this blockchain is, but Bitcoin also benefits from centralized coordination. For example, in 2013, two developers and a mining pool operator successfully commandeered a fork away from the fork with
303.
by hudon 8y ago
I think you’re both right. Placing less value on baby girls and allowing people to kill their baby girls are together causing there to be less baby girls.
304.
by hudon 8y ago
> Bitcoin's privacy isn't very powerful so I wouldn't be worried that some government would rule it illegal based on that. The most populated country in the world had no issue making all cryptocurrencies illegal. If we can
305.
by hudon 8y ago
What makes you think Bitcoin will remain anonymous? At the end of the day, nothing prevents banks from end-to-end encrypting payments and thus making our bank transactions anonymous. The reason they don't is because people don't c
306.
by hudon 8y ago
> i’d seriously question your rationality as a member of this scientific-related community. Speaking of science, do you know of any peer reviewed paper that concludes that the blockchain “creates trust where there is none”?
307.
by hudon 9y ago
Yup, we'll never know if the bug was intentional or not, and that's why the fix being centrally coordinated is scary. Maybe it was a legitimate mistake, but maybe one of the developers planned this and executed large double-spends
308.
by hudon 9y ago
> There is a separate consensus in a rare but common case of two consecutive ticks being associated with conflicting blocks. The conflict is resolved by what block will be associated with the next tick, rendering one of the disputed bloc
309.
by hudon 9y ago
> if you don't think irreversible electronic cash has any legitimate applications, you're not thinking hard enough I actually don't think blockchain-based ledgers are irreversible. The most exhaustive account for how thes
310.
by hudon 9y ago
I did not argue that everyone should live in California, I argued that to declare that we need the blockchain, as if free speech and democracy were foregone conclusions, is anti-social and destructive. And I used California as an example of
311.
by hudon 9y ago
Once we all agree that you can't do anything useful with the blockchain except buy drugs, there will be little resistance when a bill gets proposed that bans the purchase and/or mining of bitcoin, "the payment currency for il
312.
by hudon 9y ago
How is your comment not a mid-brow dismissal? There are so many projects that promised the world and did not deliver, as well as so many projects that ended up being outright scams, that it's not surprising that when someone says &quot
313.
The Bitcoin Standard – a critical review(coppolacomment.com)
26 points by hudon 9y ago|6 comments
314.
by hudon 9y ago
You’re arguing for the bailout of banks, it’s hypocrisy because the blockchain was meant to counter that mentality. Maybe bank bailouts are OK after all and that’s what eth heads are realizing.
315.
by hudon 9y ago
They define what blockchain is in the first two sections of the paper. Their model of the blockchain applies to both Bitcoin and Ethereum, for example, and seems general enough to apply to most networks people today refer to as "blockc
316.
by hudon 9y ago
> The bottom line for me is that we are finally seeing some useful decentralized applications being built for consumers on these blockchains. I don't know if the word "decentralized" should be used so merrily. Research was
317.
by hudon 9y ago
What about using the USD? And using insurance/lending/prediction markets that use the USD?
318.
The Blockchain Folk Theorem [video](vimeo.com)
1 points by hudon 9y ago|0 comments
319.
by hudon 9y ago
I share your respect for corporations that help make the world a better place but I want to pick at the tone of your comment. It implies that businesses can’t do good for good’s sake, that there has to be some greedy motive behind every act
320.
Central authority necessary for Blockchain coordination(papers.ssrn.com)
2 points by hudon 9y ago|0 comments
321.
by hudon 9y ago
> has no survival reason? This is going to sound crazy but maybe it does have a survival reason. In societies where music is enjoyed (all major societies today), music has the capacity to not only gather people but also have them experie
322.
by hudon 9y ago
> we have quite a few millennia of trying and failing in [fixing human beings] Actually, research is showing that brutality is declining and empathy is on the rise [0]. We may be living in the most peaceable times in history. Maybe the o
323.
by hudon 9y ago
If all centralized providers disappeared and I had to send a message to my friend, I wouldn't setup my own SMTP server... I'd just send him an iMessage. Or I'd post to a Slack group. The system without centralized providers i
324.
by hudon 9y ago
Its design intended it to be used that way, but that's not how people use it. Everyone uses a centralized email provider now (Google, Microsoft, Apple, etc.), and these providers act as gatekeepers to email. If they disappear, people w
325.
by hudon 9y ago
I'm not sure if you've spoken to any Bitcoin developers recently, but they'll tell you you're wrong and that it is the valid chain with the most work, not the chain with the most work. They'll then tell you what
326.
by hudon 9y ago
If your definition of "blockchain" is any distributed database with signed rows and a public read-only API, it's miles away from what Satoshi was talking about... Why don't you just call it a "distributed database w
327.
by hudon 9y ago
I think the fundamental assumption is that "Satoshi invented a useful solution to decentralized consensus". What people don't realize is that Satoshi's solution only works if two assumptions hold true: 1. Mining is decen
328.
by hudon 9y ago
I was referring to: "Uh... yes?", "Are you seriously proposing [...]", "deal with shit". Thanks for the study, I'll check it out.
329.
by hudon 9y ago
I'm asking for evidence that "being a white man causes you to have greater opportunities". If you can't provide that but you're only going to provide additional outrage, you're not really adding to the discussi
330.
by hudon 9y ago
This seems like a wildly sexist and racist sentiment. Do you have any evidence that being a white man causes you to have greater opportunities?

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