magnamerc

14 ms·

31.
by magnamerc 7y ago
delegated PoS requires trust. Pure PoS does not, which is analogous to PoW mining.
32.
by magnamerc 7y ago
Just wait until social influencers receive Libra's based on the amount of likes their pictures get.
33.
by magnamerc 7y ago
If you don't want it to become a thing, then support decentralized cryptos that are trying to achieve the same goal, like Ethereum.
34.
by magnamerc 7y ago
There are now decentralized systems that have monetary policy baked in, where the system can't become under-collateralized, see MakerDAO.
35.
by magnamerc 7y ago
Even for PoS cryptos where you require 51% of the currency to control the network, it would become prohibitively expensive to buy up 51% of the circulating supply due to market dynamics. PoS is arguably more secure than PoW. Arguably.
36.
by magnamerc 7y ago
Article was updated on May 5th, 2019.
37.
by magnamerc 7y ago
At what point do people take ownership? What if governments as we know them today are replaced by trillion dollar AI/robotics corporations that litteraly own the means of production? We'll all get very cheap goods and services,
38.
by magnamerc 7y ago
You can also spoof aircraft instrument landing systems with relatively cheap SDR's https://aanjhan.com/assets/ils_usenix2019.pdf
39.
by magnamerc 7y ago
Or zkSNARKs/Nightfall on Ethereum.
40.
by magnamerc 7y ago
That's what you got out of it? Keep researching, because Maker has been building since 2015. The more you read into it, the more you understand these design decisions and the way the system works. There's nothing overly complica
41.
by magnamerc 7y ago
What properties make HotStuff different than Tendermint?
42.
by magnamerc 7y ago
What's wrong with the culture around Ethereum?
43.
by magnamerc 7y ago
It's called Ethereum.
44.
by magnamerc 7y ago
Since Libra is secured via BFT PoS it'll be feasible to integrate it into Cosmos Hub, and thus you'll be able to communicate directly with Ethereum which is interesting.
45.
by magnamerc 7y ago
It's secured via BFT PoS, which means if more than 1/3 of the validators are malicious, then the network halts until there's a supermajority (2/3). With BFT PoS blocks have finality, which means you need a supermajority
46.
by magnamerc 7y ago
It's a stablecoin...
47.
by magnamerc 7y ago
Yeah that's just wrong. If you want to change the rules, you need to update the client software which means forking. Are you saying that a group of core devs can fork the chain and not have it be contentious?
48.
by magnamerc 7y ago
Well, Nakamoto consensus or practical byzantine fault tolerance is decentralization. It's literally how groups of nodes come to consensus.
49.
by magnamerc 7y ago
It'll likely be an ERC20 token. So maybe people should be exchanging them for ETH.
50.
by magnamerc 7y ago
The only benefit I see is that it'll likely be an ERC20 token which means more gas payed to Ethereum (which is great). Also, it'll essentially be a fiat on-ramp for billions of people looking to get into real cryptocurrencies. Ass
51.
by magnamerc 7y ago
Well, yeah, private blockchains are practically useless unless they are a consortium chain, but even then the usefulness is questionable. Public blockchains are an entirely different beast, and I kind of just dismiss people now when they cl
52.
by magnamerc 7y ago
It's called the oracle problem, and was identified for blockchain apps as early as 2011. It's a difficult problem to solve, but it is solvable for certain applications. For example, MakerDAO solves their price oracle problem by
53.
by magnamerc 7y ago
You've succinctly captured exactly how I feel when I hear people mention nano, so thank you for that.
54.
by magnamerc 7y ago
I kept looking for the download link..
55.
by magnamerc 7y ago
Night owls are absolutely real and they are genetically predisposed. In fact, night owls will always be night owls and there's really nothing you can do about it. Everyone should read Dr. Matthew Walker's book 'Why We Sleep&#
56.
by magnamerc 7y ago
Why use Stellar for consensus? Why not something like Tendermint via the Cosmos SDK? Wouldn't you want your token to be used for node membership through a PoS model? I just don't see what advantages federated byzantine agreement h
57.
by magnamerc 7y ago
Last weekend I overhead two older gentlemen talking about climate change. They were both agreeing with each other that it's all 'cyclical' and that clearly there are businesses that stand to benefit from climate change resear
58.
by magnamerc 7y ago
I didn't mean that to across the way it did. I know some doctors, and they are extremely intelligent people, but it's a selection bias due to the high educational requirements required to get into med school. I think my point is t
59.
by magnamerc 7y ago
Doctors are way overpaid. The barriers to entry to become a physician are un-necessarily high, and I have a suspicion that that's by design. You only need a moderate amount of intelligence to learn and apply medicine. If the barriers t
60.
by magnamerc 7y ago
To follow up with your first point, there's been some analysis suggesting that financial markets today are more efficient than they were in the 20th century, which means that price discovery happens more quickly. Historically, the mark

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