lottin

73 ms·

961.
by lottin 5y ago
No, I don't have an issue with people making money from their entrepreneurial activities, in fact I applaud who people do that. I have an issue with people being handed millions of dollars when all they've done is downloading a c
962.
by lottin 5y ago
This doesn't contradict what I said.
963.
by lottin 5y ago
A fiat (aka unbacked) currency that is issued privately is indistinguishable from a scam, because a fiat currency has a nominal value that is higher than what it costs to produce. This is true of bitcoins, because bitcoins are fiat money t
964.
by lottin 5y ago
Bitcoin's hashrate has dropped by 50% a number of times and no transactions have been undone, censored or reordered. This is pretty solid evidence that at least a large percentage (if not all) of the energy spent by bitcoin is wasted.
965.
by lottin 5y ago
I disagree. I think accepting payments in cryptocurrency does send a message that you think the ideology behind cryptocurrencies is okay.
966.
by lottin 5y ago
> the transaction fee is paid by the sender You don't know that. The sender can pass the transaction fee on to Mozilla simply by deducting it from the donated amount.
967.
by lottin 5y ago
Buy I thought the whole point was "owning your identity"... and know you're suggesting that we should put or personal data on a blockchain so everybody can see it?
968.
by lottin 5y ago
I've spent the last 30 minutes researching how ring signatures can be used to prevent double spending without revealing the spender's balance, and I've found nothing. Do you know where I can find the details?
969.
by lottin 5y ago
A blockchain is publicly-accessible, append-only database, so again I don't know how an append-only data structure can help you revoke access to some content. Not to mention that Twitter can always choose to not display your tweets un
970.
by lottin 5y ago
Well, you have to see all transactions, in order to know the current balances on every wallet, in order to prevent double spending. This is, in fact, the whole principle on which blockchains operate.
971.
by lottin 5y ago
What is new, though, with web3, is that now they're trying to turn every single interaction that you have on-line into an economic transaction.
972.
by lottin 5y ago
Ownership of "content" requires intellectual property laws, which are enforced by courts of justice, and we already have these. A blockchain cannot enforce intellectual property rights because it lacks coercive power. If your go
973.
by lottin 5y ago
It doesn't make any difference. The so-called "asset" is just a piece of digital information, e.g. a picture, which can be copied by anyone for free. As a result, owning such an asset on a blockchain doesn't confer any
974.
by lottin 5y ago
Market crashes are unpredictable, and anyone who says otherwise is not expert, but a charlatan. Having said that, if your investment horizon is sufficiently long (as in more than 10 years), we can be reasonable sure that you're likely
975.
by lottin 5y ago
Your exposure to inflation is limited to cash balances, and therefore shouldn't a big concern. A bigger problem is, in my opinion, the low interest rates, because that means you'll be forced to take on risk (e.g. invest in stocks
976.
by lottin 5y ago
Check this out: https://www.theverge.com/2018/3/16/17128678/plattsburgh-new-... https://www.govtech.com/policy/washington-utility-will-uphol...
977.
by lottin 5y ago
It's already been banned in various countries, including a number of US towns.
978.
by lottin 5y ago
Not you, as an individual, but as a society, absolutely. There are plenty of laws that regulate or forbid certain activities.
979.
by lottin 5y ago
It probably has something to do with the fact that crypto is perceived as having no social value, and therefore people are less inclined to accept negative consequences that may result from such an activity.
980.
by lottin 5y ago
> Many of the smartest and most high IQ people are perfectly capable of relating to normal people without making it obvious how bored they are. Why would they be bored? Normal people can be just as interesting or uninteresting as high I
981.
by lottin 5y ago
You're telling people not to think, not to analyse, and to impulsively throw money into something, just because it's there. This is terrible advice. You're not helping anyone with that kind of advice.
982.
by lottin 5y ago
> There is lots of trading, borrowing, arbitraging, building and releasing new products, marketplaces. Thats the commerce, a lot of it is high speed. No, that's not commerce. Trading, borrowing, arbitraging, building and releasing
983.
by lottin 5y ago
How many dictators have been overthrown thanks to bitcoin? I guess none.
984.
by lottin 5y ago
What value do you think people see in Dogecoin, for example?
985.
by lottin 5y ago
> Even the somewhat centralized platforms have so much high speed commerce on them that they don’t disrupt anyone. Even people that quickly exit to the bridges are not stopped and couldn't be, on the centralized-ish ones. What do yo
986.
by lottin 5y ago
Doesn't wikipedia keep a history of all the edits, and aren't these available to wikipedia users?
987.
by lottin 5y ago
That doesn't work, because anyone can falsely claim to be the artist.
988.
by lottin 5y ago
> Every sale is on the blockchain, so if somebody creates multiple sales of the same item, it would immediately be visible. There is an infinite number of blockchains.
989.
by lottin 5y ago
> they can't actually sell their product because they focused too much on the building and not enough on getting people to know about it Or more likely, there was no demand for their product to begin with.
990.
by lottin 5y ago
I don't think the difficulty in making diagrams has to do creating a layout that is aesthetically pleasing, but rather with expressing ideas visually in a way that others can understand them. I'm sceptical that AI can help with t

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