hudon

39 ms·

361.
by hudon 9y ago
Blockchains do not provide digital scarcity. This a myth promulgated by the early days when “there are only 21 million” was a fact. Now, it is trivial to fork, copy or derive tokens to instantly bring millions of new “assets” into existence
362.
My life as a New York Times reporter in the shadow of the war on terror(theintercept.com)
9 points by hudon 9y ago|0 comments
363.
by hudon 9y ago
Your needs don't disappear just because your assets are appreciating. Therefore, you would sell some to purchase things you need.
364.
What Is Bitcoin For?(medium.com)
48 points by hudon 9y ago|63 comments
365.
The Great Bitcoin Bull Market of 2017(runtogold.com)
3 points by hudon 9y ago|1 comments
366.
by hudon 9y ago
Sure: > A) Bitcoin is congested with transactions and takes hours to process some of them > B) Bitcoin fees are through the roof, it sometimes costs as much as 25% of the value of a transaction to send it 1- Average fees are not as hi
367.
by hudon 9y ago
Not really, it just assumes on the economic principle that your costs and your revenue will converge. In a free market, if you are spending 50$ for a chance of winning 100$, everyone else is incentivized to spend 51$ and more to have a high
368.
by hudon 9y ago
Yup. Also Confidential transactions, mimblewimble, sidechains, drivechains,... even bigger blocks. People forget that bigger blocks could come to BTC too, but devs are making the safe choice to try scaling with ways they know won’t compromi
369.
by hudon 9y ago
If the government was going to take your house away from you anyway, why would they care what’s on the blockchain? This is so contrived...
370.
by hudon 9y ago
If the government instead stored the deed transfers in a database with digital signatures and exposed a read-only API to it, wouldn’t that solve this problem better? What’s the concern? That the government makes you not the owner of your ho
371.
The Blockchain of Mises and Nash(medium.com)
3 points by hudon 9y ago|0 comments
372.
by hudon 9y ago
In one post your criticism is that there is a lack of research, and I agree. But now you're making unsubstantiated claims again... the damage done to bitcoin? All meaningful metrics from BitPay's transaction volume [0] to on chain
373.
by hudon 9y ago
Peter Wuille provides one answer to this in the first link I shared: > SPV nodes (such as some mobile clients, and Multibit) place a blind trust in the majority of miners, without checking validity of the blockchain they produce. It stil
374.
by hudon 9y ago
> So where's the research of how expensive nodes are and how many nodes would be lost if an upgrade to 2MB would happen? How big of a loss would be acceptable? Ideally how many nodes should exist in the network for it to be sufficie
375.
by hudon 9y ago
I'll copy a response I left below: The value of full nodes is widely understood by bitcoin contributors [0][1][2]. Increasing the block size directly increases the amount of resources required to run a full node. Increased bandwidth re
376.
by hudon 9y ago
The pure speculators I know invest in smaller cap cryptocurrencies to maximize their gains. The only people I know invested in bitcoin are in because they believe in its long term value. Anyway at this point you're trying to predict th
377.
by hudon 9y ago
People choose to run Core and the network is worth 122 billion dollars. You haven't provided any good arguments for on chain scaling but the market is screaming "bitcoin is doing it right".
378.
by hudon 9y ago
I think the most promising work here is around fork futures. Paul Sztorc (of Bitcoin Hivemind, the original decentralized prediction market, and Drivechains) has a lot to say about how with fork futures, we can let the market tell us how va
379.
by hudon 9y ago
"6 people called off the fork. Think about that." [0] A censorship resistant digital cash is being built, and it only took 6 small time CEOs to completely throw everyone off and almost derail the project. When someone like CME Gro
380.
by hudon 9y ago
re-read my comment please
381.
by hudon 9y ago
https://i.redd.it/q0334spe5fny.png 2 out of the top 10 committers work for Blockstream (matt works at Chaincode Labs now). Care to revisit your conspiracy? Or is something wrong with the data?
382.
by hudon 9y ago
> Ethereum is a good example How? I have yet to see anything useful built with it. Except for more ICOs whose use for now is moot, what problem does Ethereum successfully solve today that makes you say it delivered on its promises?
383.
by hudon 9y ago
That's true, that's true. However to other randos reading HN who may read your comment and take your word for how Tezos' ICO is different than the rest: it's not. Please do your due diligence and ask yourself if you actu
384.
by hudon 9y ago
lol. I love how careful you are with your words. You know the SEC doesn't care how it's phrased, right? It's substance over form. Basically, "if it quacks like a duck, it's a duck".
385.
by hudon 9y ago
Your argument is "maybe not", which isn't adding much. So can we agree that if the reward you would get is actually less than the electricity+bandwidth costs of you leaving your computer on all day, then you're better
386.
by hudon 9y ago
> It's Airbnb for disks I haven't made the analysis but maybe Airbnb works because it is actually more profitable for an entity to host 100 airbnbs then to have a regulated hotel with 100 units, in which case the analogy doesn&
387.
by hudon 9y ago
> Economic of scale doesn't really matter because the people renting the space are just trying to make a few extra bucks per month and they have already paid for the hardware. OK so hypothetically, if this decentralized storage thin
388.
by hudon 9y ago
It's the most questionable to me. The ones that are "vaporous", it's obvious to everyone so not many questions need to be asked. But about FileCoin... How can they compete with economies of scale? And how will they preve
389.
by hudon 9y ago
One of Farhan's premises for pair programming is: > Many people assume that the bottleneck with coding is typing, but the bottleneck is actually at the thought level — it’s at deciding what to code but in my experience coding, this
390.
by hudon 9y ago
OK, but you realize that the blockchain in your case is only used because regulation exists right? As in, if the SEC did not exist, you could just sell shares on an open market without registering. But you're using the blockchain so yo

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