hudon

40 ms·

391.
by hudon 9y ago
> never did I say nor would I suggest that we are selling securities of any kind Probably the most relevant part of the SEC's report on the DAO [0] for you is this sentence: "These offers and sales have been referred to, among
392.
Investor Alert: Public Companies Making ICO-Related Claims(investor.gov)
113 points by hudon 9y ago|96 comments
393.
Dear Bitcoin, This Is How You Can Beat Visa(medium.com)
3 points by hudon 9y ago|0 comments
394.
by hudon 9y ago
A SQL database also works on holidays. The problem with the "legacy financial systems" is not that their technology mysteriously shuts down on holidays, it's that the people do. As soon as they automate clearing house process
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by hudon 9y ago
>> From a trust perspective, it makes no difference if your banking cartel is writing to a Quorum, Hyperledger, or Kafka instance. > Of course it does. The protocol of blockchains makes them work with "proof of X". Append
396.
by hudon 9y ago
> Elm, again, forces you to write runtime type validation But it does not force you to handle failures correctly (as your lazy programmer example proves). Forcing you to handle a Left value from an Either type is not the same as forcing
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by hudon 9y ago
I agree that Elm is more strict at compile-time than TypeScript, there is no argument there. What I have a problem with is using an example where the programmer is lazy in TypeScript, then assuming the programmer is NOT lazy when coding in
398.
by hudon 9y ago
You're just rewording what I said. The coder can simply ignore that string or make it empty, which can lead to a runtime failure if another module depends on a value being returned (think a runtime failure from a non-exhaustive pattern
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by hudon 9y ago
Elm's type system will not catch this bug at compile time, it will still be a runtime exception, unless you're saying Elm's compiler does an HTTP call to that endpoint to verify that the interface matches the response object?
400.
by hudon 9y ago
That's what I thought. If I buy an Apple stock, I can't meaningfully contribute to the success of Apple (outside of investing more money). But if I was an early investor of ETH, I could build an Ethereum smart contract that is use
401.
by hudon 9y ago
The expectation of profit is at the moment of investment. So even if the SEC declares it a security, you cannot go back in time and change your investors' expectations...
402.
by hudon 9y ago
Something can be useful and a security, according to the SEC. They published an Investor Bulletin yesterday saying as much: "A virtual currency is a digital representation of value that can be digitally traded and functions as a medium
403.
by hudon 9y ago
IANAL but I'd assume it is hard to argue that there is a common expectation of profit when purchasing art, even though this is why some people buy art. Furthermore, the profits you would make upon reselling the piece of art are not c
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Ether Tokens Are Likely Securities (2016)(decentralizedlegal.com)
83 points by hudon 9y ago|62 comments
405.
by hudon 9y ago
I see what you're saying: people not in the US should not be concerned. But that's not what the post is about and that's not what my question is about. The question is whether or not what the Ethereum Foundation sold to US re
406.
by hudon 9y ago
> SEC rulings only apply to American entities/business This is wrong. SEC rulings apply as soon as your investors are US residents. [1] I know neither of us are lawyers, but at least back up what you claim if it might put people&#x2
407.
by hudon 9y ago
More like, if you read the SEC document carefully enough, you'll see that they applied the 4 prongs of the Howey test to theDAO token and defended each prong with arguments and evidence. They'll probably do the same thing for Ethe
408.
by hudon 9y ago
It doesn't matter if Ethereum is a crypto-decentralized-blockchain-p2p-network-thingamagig. If the Ethereum Foundation sold their thing to US residents, it is under the purview of the SEC. The only question is if the Ethereum Foundatio
409.
by hudon 9y ago
Are we sure Ethereum is safe? Bitcoin never did a premined token sale but the Ethereum Foundation did, so it looks much more like theDAO than Bitcoin does.
410.
Why Brilliant Girls Tend to Favor Non-STEM Careers(psychologytoday.com)
116 points by hudon 9y ago|124 comments
411.
by hudon 9y ago
It's not opinion, it's fact. VISA can easily process over 40,000 TPS today. A single MySQL instance can process 10,000 TPS with very little electricity consumption compared to the Bitcoin or Ethereum networks, which currently use
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by hudon 9y ago
Two problems with your argument: 1- You imply that only one camp wants to scale. Actually, both camps want to scale. The only difference is that the "big blocks" camp do not think a user's ability to validate the blockchain i
413.
by hudon 9y ago
A fork like Bitcoin Cash will be a boon for the blockchain community. There is a pretty big subset of the community that believe Bitcoin is a panacea that will replace currencies, payment networks and so on, regardless of how technically in
414.
by hudon 9y ago
Sarcasm aside, option A works and option B does not, as you admit. What's your counter-argument? If it is that option B will one day be better than option A, you will need to provide evidence because that's a claim that is not add
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by hudon 9y ago
It is not just AWS. The data storage market is saturated with competitors fighting hard to come out on top. Amazon, Apple, Box, Dropbox, Google, Microsoft are all in this and some of these companies have massive R&D budgets, have a hist
416.
by hudon 9y ago
Ask the CTO of any Fortune 100 company what they're doing to mitigate such an outage. What do you think they will answer? Option A: cross-region replication, regular backups, and secondary service provider failover plan Option B: decen
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by hudon 9y ago
Yes. This is how capitalism works. If there is an inefficiency in the market, there is an opportunity for a competitor to beat you on price or quality. If AWS is not incorporating these efficiencies into their tech, then Microsoft Azure wil
418.
by hudon 9y ago
> files could be broken up into shards and distributed across multiple nodes You can setup any old distributed database to do this... If there was a benefit to breaking down a file rather than replicating it, AWS would be using this eff
419.
by hudon 9y ago
"distributed, scalable, redundant" describes AWS pretty well, and if I can pay much less for a faster more reliable service but sacrifice "trustless and anonymous", I'll stick to it.
420.
by hudon 9y ago
> The key trait of a blockchain is that each new entry cryptographically verifies all previous entries I see what you're saying. Basically: distributed database + signatures + merkle tree = blockchain. I usually use this definition:

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