mhluongo

29 ms·

391.
by mhluongo 9y ago
That wouldn't be "direct", it would be through a trusted third party... Who has banking hours, could censor the transaction, etc.
392.
by mhluongo 9y ago
Agreed, I was just trying to point out what the sentence meant while being friendly :)
393.
by mhluongo 9y ago
It is technically correct in that there are two parsings (syntax). One of them clearly isn't true (semantics)
394.
by mhluongo 9y ago
That phrase can be parsed in two ways
395.
by mhluongo 9y ago
Going through an editorial process is an additional gatekeeper that the Internet removed, yes.
396.
by mhluongo 9y ago
Why would he do that when he'd make more on the actual token sale?
397.
by mhluongo 9y ago
The user wallet vs contract distinction might help, but that means tooling and education.
398.
by mhluongo 9y ago
The rest of the world has laws too. International banks and other players in finance also struggle with the regulatory burden that comes with accepting US customers.
399.
by mhluongo 9y ago
If you use a token for the protocol, and the value goes up, and the developers have token holdings- they've made money. No micropayments necessary to use tokens to fund development. Also, plenty of companies in the space pay salaries i
400.
by mhluongo 9y ago
I wasn't suggesting TCP/IP funding should be used to fund HTTP, I was just using HTTP as an example. Though there is something interesting there- protocols with funding sharing with others built atop to increase network effects.
401.
by mhluongo 9y ago
The important point isn't the micropayments, it's providing some sort of funding channel for an important piece of infrastructure that otherwise languishes.
402.
by mhluongo 9y ago
To expand on point 3- I think finding a "natural" business model for protocol development is pretty fantastic. HTTP needs work, and we've known it for years. But when we tried to fix it... well, mostly large corporations with
403.
by mhluongo 9y ago
Reminds me of BlockCypher- they pitch themselves as the "AWS" of blockchains [0], and released an Ethereum API not too long ago [1]. This looks interesting, but we're talking about money here. If you're looking for somet
404.
by mhluongo 9y ago
We're working on 5), a privacy option for public blockchains using secure multi party computation. Few application trade-offs (mostly around availability logic and additional cost), no private or trusted chains.
405.
by mhluongo 9y ago
The "it's priced in" argument doesn't hold for in my experience. The halving was supposedly "priced in" as well. This is still a small market with inexperienced players.
406.
by mhluongo 9y ago
Multiple large holders have publicly said they'll dump their BCH. Grayscale, plenty of others have made their trading preference public. Of course that's not the same as hearing the market and putting your money where you mouth is
407.
by mhluongo 9y ago
We've seen the same thing play out time and again when deposits or withdrawals are prevented on an exchange- the order book gets eaten through. Not trying to minimize BCH, but if you don't see that, look at what happened when peop
408.
by mhluongo 9y ago
The Bitcoin we have now won't be the same network we have at that scale. L2 and on-chain optimizations will get us some of the way.
409.
by mhluongo 9y ago
Justified response IMO. Their sales machine has left a significant negative impact on the industry by setting impossible expectations
410.
by mhluongo 9y ago
It'll be implanted RFID chips, duh!
411.
by mhluongo 9y ago
Highly doubt that's "most" users, considering Coinbase's numbers
412.
by mhluongo 9y ago
Someone's welfare, sure. Human welfare in the greater sense, not so much. Arguments about the invisible hand fall apart in the face of regulatory capture
413.
by mhluongo 9y ago
I'm sure your input would be welcome :) There have been a couple posts recently debating different network configurations [0]. It seems like the difference between Lightning's routing and other networks is that channels need re-ba
414.
by mhluongo 9y ago
https://github.com/vadimdemedes/ink/blob/master/package.json It's not using React. "X for Y" is an analogy, as in "it's like React, but for CLI apps!"
415.
by mhluongo 9y ago
Hah fair enough, though with Lightning's progress we're closer than ever
416.
by mhluongo 9y ago
Good point! By the way the term is arbitration- arbitrage is a different thing
417.
by mhluongo 9y ago
Lightning's network topology is still up in the air. Saying "routing is well studied" is well and good, but from what I've read doing it with payment channels without devolving to hub and spoke isn't trivial.
418.
by mhluongo 9y ago
Right now it's with ShapeShift, but down the road you could use cross-chain swaps to accomplish something similar
419.
by mhluongo 9y ago
IIRC OpenBazaar still has paid escrow- it's just cheaper than eBay's fees.
420.
by mhluongo 9y ago
That's from before the New York agreement (SegWit2x) so it's not definitive. In fact many who explicitly don't support SegWit2x support plain SegWit.

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