martinko

11 ms·

61.
by martinko 6y ago
Smart contracts have a major hurdle called the 'Oracle problem'. In summary, it is hard to get data from the real world into the blockchain. Even if you put it there, why should anyone trust you. A way around this is to get many c
62.
by martinko 6y ago
Exactly. And to add, it may be easier to achieve a caloric deficit with some foods than with others. When I am on a ketogenic diet, I always eat to satiation but still manage to lose bodyfat.
63.
by martinko 6y ago
Again, we are bootstrapping a financial system. Volatility is to be expected. Volatility will decrease with time (lindy effect, adoption, etc.) as it has from the beginning. In the asymptotic target state, btc is the only true scarce asset
64.
by martinko 6y ago
> Bitcoin Cash is what we call Bitcoin now Really? The market begs to differ.
65.
by martinko 6y ago
Picking arbitrary dates is fun and all, but we are bootstrapping a new financial system. Do you see a way to do that without volatility?
66.
by martinko 6y ago
This is one of the reasons why I've finally began migrating to a custom domain + proton mail. Can't imagine the time it would take me to get back all the accounts registered to my email, not to mention those to which access would
67.
by martinko 6y ago
> I don't want to get into a death toll deal discussion but people killed by KGB and Stasi is just as low. You cant be serious.
68.
by martinko 6y ago
Not true, a working blockchain and the optionality to perform transactions are critical to the value proposition for the holder.
69.
by martinko 6y ago
Regarding 5a - Calculating energy spent per tx is misleading, as the energy spent to secure the btc network also benefits those merely holding the coin.
70.
by martinko 6y ago
Probably none, as it has little to do with mining.
71.
by martinko 6y ago
> This has proven to be detrimental to Bitcoin as Blockstream, a private corporation is the employer of (or was cofounded by) the most influential Core contributors. This is a false narrative peddled by BCash supporters. The bottom line
72.
by martinko 6y ago
Its not different. The issue you run into in both systems is that unless you have a large amount of specialized hardware, you will not be able to mine a block in your lifetime. The number of blocks being mined is constant for the entire min
73.
by martinko 6y ago
More like this: Currently: ground <--> satellite <--> ground <--> ground farther away via legacy infrastructure With satellite links: ground <--> satellite <--> satellite <--> ground farther aw
74.
by martinko 6y ago
"5g could beat out ISPs at cost" Fixed line ISPs share much of the same infrastructure with 5g/4g providers. The only difference between them is the last mile, so it's not like 5g providers magically dont need any backha
75.
by martinko 6y ago
Thats two different things. They are backed by loans to bitfinex, like your money in the bank is backed by mortgages etc. I am not defending this, I think it is a major fuck up (one of many by bitfinex), but again, I do not think they are i
76.
by martinko 6y ago
Even if they are (having spoken to the cfo and ceo personally, i dont hink they are), this affects tether holders, not btc holders.
77.
by martinko 6y ago
Tether is just a vehicle for transferring offshore USD between third parties. It does not underpin the value of bitcoin, it is more of a parallel system to bitcoin for transferring USD.
78.
by martinko 6y ago
Even if they do lose, it will not have a material effect on the price of btc (apart from a potential short-term wick)
79.
by martinko 6y ago
This has been debunked time and time again, at this point you are just shitposting.
80.
by martinko 6y ago
False, you do not have to trust anyone. You decide what code you run, not developers. As far as DNS goes, you should study the bitcoin consensus protocol in more detail.
81.
by martinko 6y ago
Bitcoin's security does not need to keep going up indefinitely. It will reach an equilibrium where tx fees will be paying for the entire security of the network. As the block size is capped, there will be a market for fees. Hard-forkin
82.
by martinko 6y ago
How do you figure? Is gold a proxy for USD?
83.
by martinko 6y ago
Inflating the debt away would actually be the opposite of bankruptcy.
84.
by martinko 6y ago
It was probably the top result, because the account the hacker was streaming from was a stolen high-profile account.
85.
by martinko 6y ago
That's also an option.
86.
by martinko 6y ago
Services such as localbitcoins, where you can buy btc in person are available basically everywhere.
87.
by martinko 6y ago
BIP39 ( https://github.com/bitcoin/bips/blob/master/bip-0039.mediawi... ) mnemonics are the industry standard for deriving keys. If you use enough words (the standard will not let you use less than 12), th
88.
by martinko 6y ago
Could you give some examples of what is incorrect?
89.
by martinko 6y ago
But aren't blockchain timestamps unreliable? It was my understanding that difficulty was based on subjective node timestamps..
90.
by martinko 6y ago
Thanks. Given that this relies on subjective timestamps, is this really entirely deterministic? I can imagine that one node counted 2014 blocks in the past two weeks, another 2015. What happens in such cases?

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