jamoes

19 ms·

61.
by jamoes 12y ago
As long as the secret has enough bits, then the risk of collision is so negligible that it's basically zero in our finite world. I think the concept of just how large some numbers are really sunk in for me when I read this article [1]
62.
by jamoes 12y ago
Bitcoin transactions currently are cheap. A typical transaction fee is 0.0001 BTC, which is equal to 0.05 USD at current exchange rates. If you wait long enough between sending transactions, you can send a transaction with zero fees. This
63.
by jamoes 12y ago
First off, it's spelled "Bitcoin", not "BitCoin". Spelling it the latter way looks wrong in the same way that "FireFox" or "FaceBook" looks wrong. Secondly, even if the author is correct about th
64.
Burstcoin: A proof-of-capacity hard-drive based mining cryptocurrency(bitcointalk.org)
6 points by jamoes 12y ago|0 comments
65.
by jamoes 12y ago
It's interesting how much work they're putting in to making their mining process ASIC resistant. Their approach to implement a turing-complete scripting system into their blockchain which miner's must be able to execute is de
66.
by jamoes 12y ago
Thanks for the reply. I don't know if wikipedia is the best source, but talking about health risks, it states: > A team led by Los Alamos National Labs found that although the forces that terahertz waves exert on double-stranded DNA
67.
by jamoes 12y ago
A light-bulb's light also doesn't penetrate solid objects. It's clearly a different type of radiation than standard light. Our bodies aren't subject to millimeter wave radiation in nature, so they're not really evol
68.
by jamoes 12y ago
Millimeter wave scanners still subject the body to radiation, even though they don't have the work "X-Ray" in the name. Radiation damage to your body is cumulative throughout your life, so if you care about your longevity, yo
69.
by jamoes 12y ago
To me, the presence of the stone found at 90 feet makes me think the whole thing was just a fake treasure pit designed to waste your adversary's time. If you were truly trying to hide a treasure, why would you intentionally leave semi-
70.
by jamoes 12y ago
The HSTS header is valuable because it prevents all future requests from the client from ever going over HTTP. So, for example, after visiting Hacker News once, the next time you type "news.ycombinator.com" into the URL bar, your
71.
by jamoes 12y ago
> and is never used anywhere else at Google.* * Unless the NSA has asked us to share it with them. Edit: This is a serious concern. Google's promise not to use this data is completely meaningless in today's world.
72.
by jamoes 12y ago
Hopefully it will be easy to keep the CDM plugin from ever being installed in firefox. I don't plan on ever using it - if a website requires a DRM plugin, then I will just abstain from viewing their content. I just hope I don't ha
73.
by jamoes 12y ago
Ah, I didn't catch that part. 10% of the transaction seems like quite a steep fee. I don't really like how they hide the fee breakdown buried in the developer documentation.
74.
by jamoes 12y ago
Interesting product. It doesn't really look like this is meant to make any money for the developer yet (maybe the plan is to add fees to their mining pool at some point in the future?). I suspect the point is to drive policy so that co
75.
by jamoes 13y ago
Many poker sites do this for their fiat reserves. They hold player funds in a separate bank account that is regularly audited by a trusted third party. For the exchanges crypto-currency reserves, a trusted third party isn't even necess
76.
by jamoes 13y ago
Yes exactly. The exchange that just flamed out was incredibly poorly run, and deserved to go out of business. Now there is space in the market for more competent companies to take over the market share. I'd love to see the entire finan
77.
by jamoes 13y ago
I agree that the rate of the discount would likely be constant over time if the rate of the increase in money supply was also constant. If you sold your labor for InfltaDollar's, you'd likely get paid a premium. However, when you
78.
by jamoes 13y ago
> Anyone with a short enough time horizon would prefer the depreciating currency, because they can get it at a discount from those with a longer time horizon. Exactly, the inflationary currency would be sold at a discount. And the amount
79.
by jamoes 13y ago
The point of the thought experiment, if followed through to its logical conclusion, is that in such a world The Dollar wouldn't even exist, only the DeflataDollar would. No one would accept a currency that's losing value (even t
80.
by jamoes 13y ago
The Federal Reserve came into existence in 1913, and fractional reserve banking was absolutely being practiced in 1929. If you're going to act all exasperated about something, at least get your facts right.
81.
by jamoes 13y ago
Currency isn't meant to do anything, it just is. The reason you (and others) think it's supposed to lose value is because you've been fed a set of lies meant to deplete your wealth. Try this thought experiment: Let's say
82.
by jamoes 13y ago
> Central banking is possibly the greatest wealth confiscation technique since taxation. FTFY
83.
by jamoes 13y ago
Don't buy into the propaganda. Bank runs only happen in fractional reserve systems, which central banking facilitates and encourages. Deflation isn't bad either, it encourages saving , which rather than living paycheck to paychec
84.
by jamoes 13y ago
> Certain things cannot be translated, whether they are idioms or grammatical constructions. The cool thing about languages though is that they evolve. English is a prime example of this: things that can't be translated just end up
85.
by jamoes 13y ago
I would argue that if the global economy operated on a fixed-supply currency, there would be no aristocracy. Those with the largest stash of currency would have to spend some of their wealth in order to realize its benefits. This spending w
86.
by jamoes 13y ago
> forcing people to pay taxes in a particular currency or go to jail creates demand for that currency This is true. But, I don't think it backs up your original point: > the sine qua non of "money" is that you can pay t
87.
by jamoes 13y ago
Simple solution: don't go into debt. If you must go into debt, make the debt in terms of hours worked or some other asset.
88.
by jamoes 13y ago
In my opinion, a better way to price LTC is in BTC. So, I prefer the LTC/BTC chart: http://www.cryptocoincharts.info/period-charts.php?period=1-... Looking at it this way: LTC is now up to 0.014 BTC, up from a recent l
89.
by jamoes 13y ago
Take a look at BitPremier: http://www.bitpremier.com/ . They advertise your high-value good on their site, and then once they pair you up with a buyer they also serve as an escrow agency.
90.
by jamoes 13y ago
A lot of the current price is because of the Chinese market. If you follow the price surges, usually the exchange BTCChina is the one that starts rising first, followed by the US exchanges. The Genesis Block did a good analysis on the Chine

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