lojack

18 ms·

151.
by lojack 9y ago
> Does the value of XMR mined exceed the electricity consumed by the app? Extremely unlikely. Even GPU mining with good hardware cuts it close with energy consumption depending on your energy costs.
152.
by lojack 9y ago
I don’t understand why being premined makes any difference? A company could easily create an equity pool and a new mineable currency, and make that currency worth a proportional amount of equity. That would very clearly fall under the umbre
153.
by lojack 9y ago
Difficulty is adjusted approximately every two weeks, so the network would self adjust to a reduced mining rate. Mining isn’t used to validate transactions. You can validate transactions without mining. It’s purpose is to secure the network
154.
by lojack 9y ago
With atomic swaps and other innovations in the space, the cost of switching networks is becoming smaller. It’s hard to say how all of this will pan out, but I’m guessing we’ll see a much more diverse space than what you’re picturing.
155.
by lojack 9y ago
> This happens very rarely Not true. Orphaned blocks happen all the time. https://blockchain.info/orphaned-blocks > You are only uncertain in bitcoin when there are two equal (hash wise) blocks. Not true. Its possible
156.
by lojack 9y ago
> How do you reach a consensus and certainty though? I feel like we're going in circles. In both Bitcoin and Iota, we never reach an absolute certainty. In Bitcoin we reach a point where its infeasible for transactions to ever be ov
157.
by lojack 9y ago
Parking on the grass kills the grass, and dead grass eventually turns into mud when it rains, and mud eventually gets your car stuck. People often use gravel to prevent this, which is permeable, but you need to add fresh gravel every year o
158.
by lojack 9y ago
The network fork is exactly what I described. With IOTA, it operates in a similar fashion. The winning chain is the one with the most successful hashes discovered. Just like bitcoin, except instead of a winning chain happening after ~2 hash
159.
by lojack 9y ago
Who said anything about offline nodes accepting payments? I wouldn’t expect transactions to even be remotely possible offline.
160.
by lojack 9y ago
To be fair, there are times in bitcoin when two hashes are found consecutively. In this case, who decides which one is the correct hash? The answer is that the network enters a contentious state and the miners compete over the correct hash
161.
by lojack 9y ago
I see this argument against premining all the time, and while I’m not bullish on IOTA, I think it’s worth at least calling out... just because it’s premined doesn’t mean it’s a scam. Most of the time I see this argument from crypto purists
162.
by lojack 9y ago
Sure, its shifting complexity around, but its hard to argue that the API for this is more complex than the bloated boilerplate you're talking about. For some people the simplified API is worth the 77 extra MB.
163.
by lojack 9y ago
Those tags add semantic meaning. Putting video in your img tag as opposed to fixing the video tag does the opposite.
164.
by lojack 9y ago
Much easier to steal a private key than liquidate a billion dollars from many banks and other illiquid sources. Especially when most of those transactions can be reversed, or otherwise raise immediate red flags.
165.
by lojack 9y ago
> almost every country requires that transactions must occur in its national currency. I've never heard of such laws. You have a source on this?
166.
by lojack 9y ago
Yes, and it’s already happened. Bitcoin Cash is bitcoin with increased block size, and a few other things.
167.
by lojack 9y ago
OTC markets would probably price his assets at a much lower value than current trade price because of the volume and reaction from the markets. Public would know because the only way to safely trade ETH without letting Vitalk continue to ha
168.
by lojack 9y ago
Absolutely... market depth wouldn’t come close to supporting selling that much ETH without dropping the price. Markets would also react quickly on the news that the balances in his wallets were changing significantly. Saying he isn’t a bill
169.
by lojack 9y ago
looks less realtime, closer to a forum
170.
by lojack 9y ago
> The speculation driven movement of the BTC cannot be compared to the speculation on the USD or any other currency. Care to explain this a little more? At face value I'm not sure I agree with that statement, but I get the feeling I
171.
by lojack 9y ago
Honestly, I attribute this to the fact that ethereum made the decision to keep the subreddit dedicated to technical discussion and to have a separate subreddit dedicated to trading, memes, etc.
172.
by lojack 9y ago
There is speculation on every currency out there, and virtually all other assets as well. Speculation is unquestionably a good thing.
173.
by lojack 9y ago
What about getting desks that you can add wheels to. I️ know you can put castors on GeekDesks, but I’m sure other desks support them as well. Fairly low tech solution, and your developers can use whatever equipment they prefer.
174.
by lojack 9y ago
Privacy is actually a common misconception when it comes to cryptocurrency. More currencies, bitcoin included, are actually the opposite of private – every transaction is completely public for everyone to see. There are currencies (i.e. Mon
175.
by lojack 9y ago
Regardless of whether or not this is the intended meaning of the author... I've been following various cryptocurrencies very closely for a while now, and this type of thinking is surprisingly common. It's crazy the number of times
176.
by lojack 9y ago
I worked on a project that used elixir without OTP. There’s a lot of nice things that elixir gives you and I didn’t personally feel like there was a significant learning curve. OTP is used under the hood for lots of analytics and reporting
177.
by lojack 9y ago
$6.2 billion when you consider he also owns the same amount of BCC which is worth ~$350 at the moment.
178.
by lojack 9y ago
Or that he even has the private keys. Or that the markets don’t freak out the second he moves a penny.
179.
by lojack 9y ago
NEO Gas is an example of this. Gas is a token that represents a fee that can be paid for executing the smart contract. Unlike Tether, when a smart contract is executed the Gas is consumed. NEO uses a consensus algorithm called proof of stak
180.
by lojack 9y ago
ICO can mean any number of things, but typically refer to a token that is tied to something that isn't its own currency. I'm assuming the Filecoin is redeemable for data storage on their network, but I'm not super familiar wi

More ›