kang

16 ms·

151.
by kang 9y ago
Yes, they really took time to fake so. I encourage engineers to try and build a decentralised app on it.
152.
by kang 9y ago
>happens to have Sorry but ethereum has no use case, nor is technically ethereum's architecture makes distributed computation possible or even is decentralised. There is not one single dapp that is decentralised and working.
153.
by kang 9y ago
Crypto would enable inbuilt content use payment system if the user wants to pay, and reap additional benefits - freemium model Industries wont be monopolized cause forking and launching decentralised code would be free and instant.
154.
by kang 9y ago
You made such a long comment and could not name one thing that ethereum can do but bitcoin cannot. People using that decentralised exchange have either lost money during the ethereum forks (or haven't because oasisdex is not really dec
155.
by kang 9y ago
> transaction didn't burn thousands of dollars of electricity to verify it If a transaction does not do this, it can be guaranteed to be insecure. >Faster block times means she'll get her coffee sooner Maybe. Or maybe the me
156.
by kang 9y ago
>Bob exchanges currency B for currency A with Alice. Alice now holds some currency B There is no reason for Alice to want B, a less secure money than A which they already hold. If Alice were perfect mathematician, this exchange would nev
157.
by kang 9y ago
And introduce multiple other problems instead. There is no PoS system existing that is proven to be secure.
158.
by kang 9y ago
Ethereum's ecosystem cannot optimize for running dapps because the true value of its token is dynamically determined byt he blockchain network, for whatever value the minimum of its token provides. For eg, a gas is worth whatever the w
159.
by kang 9y ago
> Ethereum offers a lot that Bitcoin does not Myth. There is not even a single thing you can do with ethereum that you cannot with bitcoin. OTOH, you can do money with bitcoin, but you can't do it on ethereum because neither is it a
160.
Is there a name for this type of evil practise by corporates?(stackoverflow.com)
4 points by kang 10y ago|0 comments
161.
by kang 10y ago
There is not a single use-case that this code can achieve, which you couldn't before the invention of bitcoin. Blockchains are just linked lists; without proof-of-work its useless.
162.
by kang 10y ago
Sorry but this comic is neither simple nor accurate. Firstly, recording the account of sahti is the only function of the ledger, which supposedly is a subset of a record of everyone's deeds' including the elves. Secondly then, fee
163.
by kang 10y ago
No the payment provider doesn't trust you; you gave them your identity and perhaps more as collateral. My point was that even if one wants to use a decentralized system we do not need the security that bitcoin's mining provides be
164.
by kang 10y ago
There are scaling solutions like lightning network being built and the blocks are not full. Also for a cup of coffee you don't need so much security so go use litecoin or something, why not.
165.
How a whale manipulated a cryptocurrency [pdf](cryptofrenzy.files.wordpress.com)
1 points by kang 10y ago|0 comments
166.
by kang 10y ago
A note is clearly a proof-of-work currency concept. As stated, it takes months of work on expensive hardware. Anyone with better/more equipment can beat them but it requires an investment in a field where they have a huge headstart.
167.
by kang 10y ago
Another interactive (in the commandline) tutorial series on various nodejs topics, beginner & advanced, is http://nodeschool.io/#workshopper-list
168.
by kang 10y ago
Ring Sigs are coming to bitcoin too.
169.
by kang 10y ago
You are right but it's the other way around. Being cute brings about domestication in an animal. Dogs are just more common because they were wolves 15000 years ago and stuck around groups of human hunters for leftover hunt. In return t
170.
by kang 10y ago
How was this not possible earlier?
171.
by kang 10y ago
> "which can't be secretly forged" Not possible without proof-of-work
172.
by kang 10y ago
The world very soon is going to be the opposite of it, where you just release software and wait. An anonymous person launches a company without any capital, registration, employees, marketing, sales, which is ipo from day 1 and the founder
173.
by kang 10y ago
Private/Federated blockchains are just applied cryptography, which is not the same as the technology behind bitcoin; blockchain & proof-of-work.
174.
by kang 10y ago
There were around 40 cryptocurrency exchanges till early 2013, which were studied for causes of their failure. http://tylermoore.ens.utulsa.edu/fc13.pdf
175.
by kang 10y ago
If the govt changes monetary policy, your held dollars change definition; if bitcoin devs do anything my bitcoins remain as per the definition i agreed to. I can choose to move to that new currency or not.
176.
by kang 10y ago
70gb in 7 years.. including cryptographic witness which is soon going to be segreted..
177.
by kang 10y ago
Each of these use cases can be done with bitcoin. Pick any and I'll tell you how to do it if you couldn't figure it out.
178.
by kang 10y ago
Each of these use cases can be done with bitcoin too. Pick any and I'll tell you how if you couldn't figure out.
179.
by kang 10y ago
No this is not crowdfunding over blockchains. This is just someone putting up an address to collect money and issuing homemade tokens.
180.
by kang 10y ago
Interestingly, that someone is the company being funded (slock.it).

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