micropresident

9 ms·

31.
by micropresident 5y ago
There is a counter solution to advocating for regulation. It's to create an economic system where people are naturally incentivized to do what's best. Vote with your wallet. You don't want energy that produced Co2? Don't
32.
by micropresident 5y ago
Yeah, and the way they are issuing rewards means there's an incentive to split your validation across multiple nodes to increase your changes at getting rewards. Each one of these costs electricity to run both in terms of bandwidth and
33.
by micropresident 5y ago
What do you think a PoW change does when the PoW is being done by ASICs? Slashing stake is significantly more arbitrary. You basically need to reset the coin's ledger in order for it to make any sense.
34.
by micropresident 5y ago
The government hasn't banned beef, and yet there are now vegetarian and vegan products all over. People vote with their money. You're advocating for violence against people who do things you don't like. Use your wallet and
35.
by micropresident 5y ago
Crypto is already taxed. All money has a cost on society. You have to do something to maintain its value. You don't think wars in the middle east -- to maintain the petrodollar -- have an environmental impact? And when it isn't oi
36.
by micropresident 5y ago
Obviously the people want to put energy towards finding hashes or they wouldn't be doing it. What you're advocating for is a minority of people who actually vote to influence the government to send people with guns to stop the act
37.
by micropresident 5y ago
Yeah man, Government should point guns at people who don't comply with your ideology! Let's advocate violence against people because they do stuff we don't like!
38.
by micropresident 5y ago
People seem to forget that this energy use is a consequence of miners wanting coins because of the subjective value of the reward. Even stakers can expend more money for a better chance at receiving the eth2 staking rewards. This will res
39.
by micropresident 5y ago
That has nothing to do with economies of scale.
40.
by micropresident 5y ago
Also, pools are not miners.
41.
by micropresident 5y ago
This is largely done by software. If you are not mucking around with the software, there is zero risk.
42.
by micropresident 5y ago
Sure, I can do that. If you want to talk about what kind of long-form information you'd like to see you let's talk on telegram? https://t.me/micropresident
43.
by micropresident 5y ago
r/btc is "uncensored" only insomuch as there are armies of trolls/sockpuppets lurking there manipulating votes and posting tons of noise. It's easy to "not censor" when you run around with a loudspeaker ma
44.
by micropresident 5y ago
I would agree. The flame wars are actually a nice alternative to physical wars IMO. I do have that good thing to say about crypto"currency."
45.
by micropresident 5y ago
> Is the split actually ideological Of the 3 network splits I was involved in, they were always along ideological lines. However, if you go read through the forum posts at the time, you will see lots of plausible sounding falsehoods used
46.
by micropresident 5y ago
Well, I had not been involved in cryptocurrency development at all until Bitcoin Cash. I had a pre-existing relationship with Amaury Séchet who designed all the Bitcoin Cash protocol changes; and was asked for my help. There was a lot I did
47.
by micropresident 5y ago
> Gold is "issued" at a slow and predictable rate just like Bitcoin and was very stable when it was used as currency. The volatility in Bitcoin is because most transactions are speculation instead of real commerce, just like go
48.
by micropresident 5y ago
I can attest to the headline of this article. I am one of the developers who helped launch Bitcoin Cash, and worked on the Bitcoin ABC client. I was in charge of building, signing, and releasing the software for a little over a year. And,
49.
Software and the Magic Number Seven(shablag.com)
1 points by micropresident 7y ago|0 comments