natrius

62 ms·

571.
by natrius 12y ago
Imagine if MtGox were a Stellar gateway. I want to pay you $10, but all I have is 100 BTC in MtGox, and you trust neither MtGox nor Bitcoin. Our transaction will succeed through the Stellar network as long as someone on the network values a
572.
by natrius 12y ago
> For example, imagine that I had $100 with Wells Fargo and $100 with Chase, and you have the same. By default, we could wake up tomorrow and find that I have $200 with Wells and you have $200 with Chase. Does anyone want that behavior?
573.
by natrius 12y ago
So many explanations of the trust model involve examples of interpersonal trust, which doesn't help me understand what I presume is the common case: trusting depositary institutions to hold balances for you. Let's say I have $10,0
574.
by natrius 12y ago
Switching between currencies, especially paper currencies, requires trust unless you're physically handing over money. I have full control over my bitcoins, but if I want dollars, I need to trust Bitstamp and my bank, or Stellar and my
575.
by natrius 12y ago
It's a fee free way to effectively accept Bitcoin as debit cards. The local currency value of the transaction is deposited in the merchants bank account. The merchant never needs to care about exchange rate fluctuations. There's r
576.
by natrius 12y ago
Code doesn't make a fledgling currency. The brand does via the demand that brand creates.
577.
by natrius 12y ago
The latter. George Takei makes Facebook money by making it more engaging. Facebook wants more celebrities to see what George Takei is doing so they do it too.
578.
by natrius 12y ago
It'll be fixed. Or something will outcompete Bitcoin. That's what markets do. Blockchain technology has eliminated the barrier to entry to compete on transaction fees.
579.
by natrius 12y ago
Transactions are instant unless the sender double spends. Wait ten minutes for anonymous senders. Trust known senders, then blacklist their identity for instant transactions if bad behavior is detected. This is effectively what any merchant
580.
by natrius 12y ago
"Why do they think they're not stepping all over the constitution by imposing burdens on commercial activities that happen to intersect with NY?" Because they regulate plenty of financial activity that happens to intersect
581.
by natrius 12y ago
This is not old. The proposed regulations were released today.
582.
by natrius 12y ago
Start an Uber competitor that only gives surge pricing charges to drivers. Your rates should be lower. As long as monopoly abuses are prevented, this problem will work itself out.
583.
by natrius 12y ago
I agree that it's money. I agree that Silk Road facilitated money laundering. The plain text of the law in question doesn't cover Bitcoin, though. That doesn't mean the ruling was wrong.
584.
by natrius 12y ago
If Bitcoin is a security, is it debt? Is it equity? Is it a derivative of those? If Bitcoin is a negotiable interest, who is the counterparty? Bitcoin is neither of those things. It's currency, but not the currency of any country.
585.
by natrius 12y ago
ECMAScript did not precede JavaScript as a name. https://en.wikipedia.org/wiki/ECMAScript#History
586.
by natrius 12y ago
There's also a python 2.7 backport of asyncio that works perfectly fine for me. https://pypi.python.org/pypi/trollius
587.
by natrius 12y ago
It's easy to do if it will increase miner wealth, which a more useful currency will do. Disagree with that all you want. My point is that it's possible. Speculating about the likelihood of it succeeding doesn't seem worthwhil
588.
by natrius 12y ago
The blockchain describes stakes in a conceptual ledger. The current limitations on divisibility are easy to change in the future. 21 million is arbitrary and meaningless.
589.
by natrius 12y ago
https://www.facebook.com/videocalling
590.
by natrius 12y ago
"It shouldn't be any surprise to us that when we promote an 'everyone goes to college!' culture a la 'everyone's a home owner!', [snip] we'll have a mass of college-educated individuals who can'
591.
by natrius 12y ago
Anecdotally, about a third of small businesses (cafes, food trucks, etc.) use Square here in Austin. Another third use PayPal or Intuit. The rest use something else. Square has plenty of retailers here, and cab drivers often use Square to p
592.
by natrius 12y ago
In emerging markets, holding bitcoins can be less about speculation and more about preventing one's savings from losing value. It's all relative.
593.
by natrius 12y ago
People judge currencies by utility and future expected value. Developing economies have far more reason to use bitcoin than developed ones, but that shouldn't make it any less attractive. My paycheck is in dollars, but that doesn'
594.
by natrius 12y ago
How? Few Argentines have USD bank accounts, so there's no electronic market where they can sell bitcoins for dollars. They can buy dollar bills with bitcoins on the street, but that's not really scalable.
595.
by natrius 12y ago
Because if you're in Argentina, you can only sell them for Argentine pesos, which aren't a clear winner over bitcoins.
596.
by natrius 12y ago
This sounds true, but it's not. First of all, the supply of bitcoins increases every day when they are created out of thin air. Even without that factor, having a buyer and a seller doesn't mean that prices can't have a tende
597.
by natrius 12y ago
Not anymore. Clover costs $500-$1000 and works for categories of retailers that Square doesn't, particularly table service restaurants.
598.
by natrius 13y ago
You can still merge from master (or whatever your main development branch is) into your feature branches. You just never merge into your main branch. You squash the commits and rebase. The history ends up looking much better, and `git blame
599.
by natrius 13y ago
I've used JIRA, and I slightly prefer Phabricator's tasks. They're mostly the same.
600.
by natrius 13y ago
My team uses Phabricator without any feature toggles in our code. You land code onto master when it's ready to ship. Until then, you have features developed and reviewed on separate branches. I don't get how that's more or le

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