mw888

12 ms·

121.
by mw888 5y ago
You have the burden of proof, doubly so considering Chainlink has no working product which lives up to its promise. Not saying it’s impossible, but you shouting out a number and some terminology just makes it seem like you are emotionally i
122.
by mw888 5y ago
Not an Eth shill but you literally called out Eth’s biggest use case throughout its history and today: where do you think those stablecoins primarily settle? Dai as an algorithmic and decentralized stable coin is also a terribly under rated
123.
by mw888 5y ago
This isn’t the exact paper I had skimmed before and thought of while reading this, but it makes the same point, taking yours and going further. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3629988 Really defla
124.
by mw888 5y ago
Your comment is two points with no direct connection, and both are underdeveloped. Bitcoin as a settlement layer is useful. The idea that it needs to do anything more than securely manage a trillion dollar market cap digitally with no hacks
125.
by mw888 5y ago
And you can’t regulate crypto? How did China do it? Would it somehow be harder when it’s so transparent? Of course not. Anyways you have only a surface level understanding of the post and crypto currencies if you think the way forward is no
126.
by mw888 5y ago
1. Saying that transparency isn’t desired does not refuse his point. Not only that but the off topic declaration where you imply privacy is impossible on blockchain is incorrect. 2. Miners and block verifiers are not middle men. They have n
127.
by mw888 5y ago
More of this please.
128.
by mw888 5y ago
Was expecting at one point patronization or moralization but the author restrained themselves - a feat not easy in this day - without lacking content.
129.
by mw888 5y ago
I’m aware what the TSP entails and have written algorithms for it myself, but the mathematical approach to programming, so explicitly, is new to me.
130.
by mw888 5y ago
It seems like you don’t and don’t care to, understand.
131.
by mw888 5y ago
I could certainly read more about this, it sounds fascinating. Will appreciate more of your knowledge or a thoughtful hyper link.
132.
by mw888 5y ago
Great, ZKProofs present the possibility for everyone to do better than that with much less work.
133.
by mw888 5y ago
The market cap of Bitcoin is still small enough to be manipulated, and to swing wildly. For large trades you need massive liquidity, and Bitcoin’s liquidity can’t handle taking on all of Russian finance overnight - not to mention that no br
134.
by mw888 5y ago
I think programming culture is full of people trying to up sell themselves, and it gives everyone a warped perception of self worth. I agree with this whole blog post, but it still itches me that the author has to frame his accomplishments
135.
by mw888 5y ago
Kind of strange to call Lightning convoluted and then cite Ethereum as a foil. Lightning is much simpler than what Ethereum is trying to do, and evidently so when you compare progress on each so far.
136.
by mw888 5y ago
Legally identical is a nonsense metric: if I own bitcoin I cannot sell because it has a tainted history then it is obviously not equivalent and not as valuable as bitcoin which can be. The fact that no broker cares about which instance of t
137.
by mw888 5y ago
This is kind of like saying people don’t want to run their own grocery store. Clearly it’s false. The bad assumption is that owning Bitcoin == Running Bitcoin. Running Bitcoin (nodes and miners) == Running Bitcoin, and people want to do it
138.
by mw888 5y ago
As Lightning grows so will USD to Lightning custodial services. I’d be surprised if there weren’t any you could use right this minute, actually.
139.
by mw888 5y ago
I guess you should be reminded that lightning does not require intermediaries, and informed that the fees associated with long term operation of a lightning channel are negligible. Even in the case of premature settlement due to counter-par
140.
by mw888 5y ago
Any blockchain which universally stores media forever puts itself in the category “economically unfeasible/unsustainable.” People pay for that storage and the large and distinct nature of media makes it easy to single out prune. Wors
141.
by mw888 5y ago
Not at all. Pretending that a new technology is somehow exposed to new problems not present in old technology is disingenuous and frames the overall problem narrowly. Take an example from the author: “anyone can airdrop nfts to someone and
142.
by mw888 5y ago
You call it speculation and that’s convenient for your argument. Bitcoin as a store of value is not speculative. It has objective qualities that make it valuable and you dismissing those as speculation lets you be ignorant to the comparable
143.
by mw888 5y ago
Why limit your theory to blockchain? “Craze” in general seems to be limbic in nature, but that’s common knowledge, isn’t it?
144.
by mw888 5y ago
Crypto does not require any such action. Likewise no dogmatic crypto skeptic like yourself will ever tell you you are early. Stay poor.
145.
by mw888 5y ago
What makes you think you can’t sign as a trusted authority a decentralized object? Maybe before you condescend you should learn the utter basics of what you are talking about.
146.
by mw888 5y ago
Ahh yes the “they” in crypto. The same “they” that people like you used to say would ‘turn it off whenever they wanted’ a few years ago.
147.
by mw888 5y ago
Exposure bias. Who are you going to see more? The thoughtful coder and innovator who spends their time working on problems, or the excited businessman telling everyone about that work? Even the more outgoing founders are overshadowed by i
148.
by mw888 5y ago
People this uninformed are somehow the vocal majority of blockchain talk on HackerNews. What a seriously embarrassing misconception which demonstrates ignorance on a fundamental level.
149.
by mw888 5y ago
Right when it wasn’t subject to centralized control which could actually, easily, and covertly scam people. Just because you say something doesn’t mean it’s true or smart. Being short in the delusion of being clever is a sin of rationality
150.
by mw888 5y ago
That’s a nice little Kafka trap you’ve constructed to disregard the people who change their minds away from what you think. So every time someone changes their mind and uses their previous opinion as informative you are going to non-committ

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