mw888

11 ms·

91.
by mw888 4y ago
This news is not as bad as known advantages which can be exploited in PoW for several years now, namely selfish mining, which only benefits the largest or most coordinated miners. This attack is open for all, which effectively cancels out t
92.
by mw888 4y ago
It was true, but they didn’t specify that Bitcoin adjusts difficulty when the new block is published, not ever while waiting for a block.
93.
by mw888 4y ago
This issue actually seems less severe than selfish meaning exactly for the reason that all miners can enact it to the same proportional benefit.
94.
by mw888 4y ago
You must not be familiar with PKI or the meaning of decentralized if the reliance on blockchain networks is a surprise to you.
95.
by mw888 4y ago
Yes, but the universal ability to create authentic sources of data means people will use what is convenient but always have the option to go to the base layer without permission should they dislike their service.
96.
by mw888 4y ago
I’m not holistically recommending the currencies they were designed alongside, but I fully believe that there is a right way to build smart contract languages, and that they look a lot more like Pact or Plutus than an EVM compilable diale
97.
by mw888 4y ago
I have never personally used them but IPFS for volunteer hosting and Filecoin for paid distributed hosting might be worth looking into.
98.
by mw888 4y ago
This is garbage appeal to authority designed to make people embarrassed to hold an opposite view. I learned nothing from your comment and was simply told to trust this source you hid any arguments behind. It’s not fostering discussion and i
99.
by mw888 4y ago
It’s an order of magnitude more information than you or the other commenter provided. Saying: “Wrong, I don’t like that.” is saying nothing at all. Be specific you fool.
100.
by mw888 4y ago
Do the crypto negative comments on HN ever gain the self awareness to see their reasoning is as shallow as the takes they cherry pick to strawman crypto?
101.
by mw888 4y ago
I tend to agree with you, but will present a challenge anyways: who cares about the exchange if the tokens being traded aren’t themselves aren’t backed by some utility? I would answer that at the very least, the exchange between Bitcoin, S
102.
by mw888 4y ago
Has anyone quantified the increased risk taking from more vaccinated folk to actually rule it out? Perhaps one could use a survey of time spent in public as as indicator of risk taking behaviors.
103.
by mw888 4y ago
“If crypto is even necessary” Wrong attitude. Use what’s best for job, period. No need for idealism on the execution layer of your ideas. This is coming from someone romantic about how cryptocurrency will revolutionize society, money and
104.
by mw888 4y ago
It also says, as you left out, that those early miners had the power to attack the network.
105.
by mw888 4y ago
It’s not complicated, it’s all about the arithmetic. If the user can supply enough hashpower to pay the site more than the ad then they can. I am skeptical that ads would be less profitable - but some sort of credit system where built up mi
106.
by mw888 4y ago
Our Federal Reserve has that authority, but as far as I know Tesla was not a target of direct QE, rather, inexperienced traders invested their money in the stock because they wanted to invest and it’s a household name.
107.
by mw888 4y ago
Didn’t Elon Musk become the richest man in the world during this stock rally? Didn’t he also cash out big time? Am I off base calling Tesla a quasi-meme stock?
108.
by mw888 4y ago
I found it very interesting, and it’s a very interesting application of cryptography (and, though far less appreciated) economics and game theory which really motivated the learning for me. Start with Bitcoin, it has a good white paper, is
109.
by mw888 4y ago
Wow you actually think Coinbase is the apt comparison here? You really believe that the peak use case of Bitcoin is leaving it on Coinbase ? I think you should educate yourself.
110.
by mw888 4y ago
Well said. This encapsulates a mature position most crypto skeptics will continue ignoring in favor of harping on tired arguments and cherry picked stories from centralized disasters which larp as open and decentralized.
111.
by mw888 4y ago
There’s a reason HN largely misses the innovation behind crypto, and it’s fairly simple. Bitcoin is not a technical innovation; Bitcoin’s value does not come from being an interesting data structure. Bitcoins value and genius is almost enti
112.
by mw888 4y ago
It’s always amazing how far behind the laymen (or woman in this case) are in their critiques of ‘crypto.’ Seeing unfounded concerns before the last bull market was my signal. If you really want the best critiques of any crypto, it will alwa
113.
by mw888 4y ago
Binance exchange is not decentralized. You can have the most decentralized and libre ledger in the world but once you put your funds onto someone else’s private key they are not in your control anymore.
114.
by mw888 4y ago
Elon Musk would have to be entirely ignorant to social discourse to not have understood what this article concerns over for a long time now; of course, that’s the assumption they want you to make. If any of these people cared about disinfor
115.
by mw888 4y ago
Charles Murray was on the ball for this as it was happening. He has very clear thoughts on it.
116.
by mw888 4y ago
Oh right my bad. Hopefully I still provided something helpful.
117.
by mw888 4y ago
You have to understand that tech people possess no qualifications to see the abstract value crypto brings. “Bitcoin is just public key cryptography and hashing, it’s not that clever!” Crypto is a technology, but the innovation innate in it
118.
by mw888 4y ago
You didn’t tell us what your vision is, and maybe the reasons why (which I agree can be or at least feel very justified) indicate what is so challenging and isolating. If you are worried about people stealing your idea, but it took 2 solid
119.
by mw888 5y ago
Wrong. How do you think open source works? Did you read your Linux source code before trusting it? Probably not, and people do not need to because it takes one canary to notify and get the word out when something is wrong. Ethereum is an ex
120.
by mw888 5y ago
You are equating Ethereum to crypto, and you are assuming Ethereum’s problems are unsolvable. Please educate yourself or be more specific.

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