kayamon

40 ms·

181.
by kayamon 5y ago
Presumably one could multiply the mining effort put in so far by the energy prices at that time, to calculate total... uh... watt-dollars or something.
182.
by kayamon 5y ago
Usually best to wait till the fall, they’ll come up lovely come spring.
183.
by kayamon 5y ago
Yes, in the original bitcoin paper. The blockchain with the longest proof of work is always the real one, given multiple competing blockchains. That’s literally the whole point of blockchains. It’s like Highlander, there can only be one.
184.
by kayamon 5y ago
Indeed. By allowing the price of energy to settle very quickly online, Bitcoin ultimately makes it hard for world governments to keep accumulating debt to fund their wars in foreign countries. As long as the price of assets can be settled t
185.
by kayamon 5y ago
It takes electricity to make one bitcoin. You can't lie about that -- if someone gives you a bitcoin, it means provably someone somewhere on the planet took some time to bottle some energy up to make that bitcoin.
186.
by kayamon 5y ago
Their blockchains are shorter. Longest blockchain always wins in the long term -- that was proven in the Bitcoin paper.
187.
by kayamon 5y ago
I suspect this isn't a good-faith question, but I'll attempt an answer at least: Bitcoin's game theory creates a system for agreeing on a worldwide price for energy in a way that self-regulates, as opposed to relying on peopl
188.
by kayamon 5y ago
https://ocw.mit.edu/courses/sloan-school-of-management/15-s1...
189.
by kayamon 5y ago
If it's so obvious why can't you explain it?
190.
by kayamon 5y ago
The energy was already generated. Imagine you're a power company. You gotta sell your energy. Who do you sell it to? Locally? To that price-fixed monopoly who have exclusive control simply because they happen to be physically located n
191.
by kayamon 5y ago
"You people" implies identity politics instead of discussion of actual ideas. This is not science.
192.
by kayamon 5y ago
I like the idea that you wouldn't talk to someone you consider stupider than you.
193.
by kayamon 5y ago
You haven't actually engaged with any of the points I made. This is not science.
194.
by kayamon 5y ago
wut
195.
by kayamon 5y ago
Bitcoin is the current one. Bitcoin is the most important piece of engineering since the Manhattan Project. It's an iterative solver that runs through the world economy, forcing each power station to decide whether to use their energy
196.
by kayamon 5y ago
My sister used to do that at an early age. Turned out she couldn't actually read but had simply memorized the book from having had it read so many times and even learnt the correct times to turn the pages over.
197.
by kayamon 5y ago
Feynman must have driven his wife mad. "Honey did you take the garbage out?" "When you say garbage, have you considered if garbage can even really exist?"
198.
by kayamon 5y ago
To use the bug collecting analogy, I like the idea that by capturing and describing these particles perhaps we've killed them in the process.
199.
by kayamon 5y ago
It would of course depend on the solution they go for, but if for example they used a cryptocurrency like Bitcoin, the difference would be that the 'int' in your account right now is forgable -- i.e. the bank can go in and just ad
200.
by kayamon 5y ago
Yes? Why would you use a closed source system backed by nothing and full of exploits when there's a more modern open source system?
201.
by kayamon 5y ago
Any blockchain shorter than the market leader is subject to a 51% attack.
202.
by kayamon 5y ago
> 'Cryptocurrencies' should not be used at all. Why not? Are you allergic to them or something? Why can't someone transfer money using crypto if it benefits them to do so?
203.
by kayamon 5y ago
Don't worry, you weren't supposed to understand it. Some articles exist because the author wanted to write it, not because anyone was supposed to read it.
204.
by kayamon 5y ago
Of course double spending is possible -- the entire world economy currently relies on it.
205.
by kayamon 5y ago
Good or bad, it's simply true.
206.
by kayamon 5y ago
Crypto can be moved around the world without requiring SWIFT or other financial services that may be sanctioned or cut off.
207.
by kayamon 5y ago
EVERYONE!!! NVIDIA ARE CRIMINALS!!!!!!!! SOME DAYS AGO WE CONDUCTED A ATTACK AGAINST NVIDIA AND STOLE 1TB OF CONFIDENTIAL DATA!!!!!! TODAY WE WOKE UP AND WE FOUND NVIDIA SCUM HAD ATTACKED *OUR* MACHINE WITH RANSOMWARE..
208.
by kayamon 5y ago
That's right. Bitcoin is represented via 10-minute sequential hashed blocks. You can't forge that currency without re-doing 13 years of computing work.
209.
by kayamon 5y ago
It ain't much better over here buddy.
210.
by kayamon 5y ago
idk why this is at the bottom. My life experience of gluten and anxiety has been very much the same. Happy tummy happy head.

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