noch

106 ms·

631.
How Much Would It Cost to 51% Attack Bitcoin?(braiins.com)
3 points by noch 6y ago|0 comments
632.
The Internals of Deno(choubey.gitbook.io)
3 points by noch 6y ago|0 comments
633.
Are Chinese Miners a Threat to Bitcoin?(blog.lopp.net)
4 points by noch 6y ago|0 comments
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by noch 6y ago
> It's ironic. Bitcoin will just be relegated to a settlement layer. Not ironic at all. Bitcoin is supposed to be a robust, decentralised, censorship resistant settlement layer. That's literally the point. It's the base pr
635.
by noch 6y ago
> Sounds like you’re saying Bitcoin only has value because the PRC allows it to? Please learn how the Nakamoto Consensus works and how nodes protect the Bitcoin network while miners are slaves to the network. There's a rich history
636.
by noch 6y ago
> [...] all the way until the lower unit bound, which is a satoshi (0.00000001 BTC), is reached. If we ever reach that point in our lifetime the code will need to be forked to upgrade the protocol to handle further subdivisions. No fork
637.
by noch 6y ago
> The price continues to be volatile yet less and less risky and overall trending upwards. Please stop telling nocoiners this arcane and forbidden knowledge! Instead, encourage them in their belief that Bitcoin is a scam, a collective de
638.
Introduction to Cryptocurrency(nakamoto.com)
2 points by noch 6y ago|0 comments
639.
Bitcoin's P2P Network(nakamoto.com)
1 points by noch 6y ago|0 comments
640.
So, You Want to Learn to Break Ciphers(littlemaninmyhead.wordpress.com)
180 points by noch 6y ago|26 comments
641.
Triumph of the HODLers(noahpinion.substack.com)
3 points by noch 6y ago|0 comments
642.
by noch 6y ago
> The thing you need to understand is that nobody cares about this, Um. Don't be obtuse and obdurate. This conversation is getting really tedious. Look at the market, look around the world. Actually research the statements you make.
643.
by noch 6y ago
> And in any case, there are other ways to build a global system for transferring money that is many orders of magnitude more efficient, so there is still no reason for society to support the cost of bitcoin, because it’s a terrible alte
644.
by noch 6y ago
> It still seems like a valid metric, you just need to multiply the number of bitcoin transactions with some factor for the average number of outputs Nah. You don't need to double and triple down on wrong ideas and metrics that are
645.
by noch 6y ago
> 2700 transactions for 10 minutes comes at 4.5 per second. So yeah, matches. The reason I linked to a block was so that you could see that transactions can have arbitrary numbers of outputs. See: https://news.ycombinator.com&
646.
by noch 6y ago
> a car where the gas mileage decreased proportionally to how far you’ve driven since the car was made. Torturing metaphors: it's more useful to say that the gas/mile (kw per block) fuels all 21 million cars simultaneously, not
647.
by noch 6y ago
> And if the maximum daily number of transactions is more or less fixed, and the total energy spend is also relatively stable, then it’s very easy to calculate the energy cost per transaction. You don't understand how transactions w
648.
by noch 6y ago
> I don't particularly feel that any of those characteristics are very important, and I think most people would agree. Bitcoin doesn't care what you feel. It exists as an engineering artifact, continues to exist and functions t
649.
by noch 6y ago
> There are lots of ways to save money sans BTC, holding currency just usually isn't one of them. I'm sure you've travelled around the world. In underdeveloped countries, most people don't have bank accounts and they
650.
by noch 6y ago
> Almost every single one of your statements here reflect a misunderstanding of my argument, basic economics and/or your own Austrian philosophy. You think I don't understand my own thoughts (which aren't Austrian but mere
651.
by noch 6y ago
> When the US government rules it illegal, or enough people collectively lose interest, btc will no longer have value. Recall that for the first 2 years of its life, bitcoin had no market price. Bitcoin acquired a price because it has va
652.
by noch 6y ago
> if acquiring currency and holding it causes you to get rich, that's a serious defect. That means it won't get spent which means the economy grinds to a halt and depression ensues. I like you was severely brainwashed to believ
653.
by noch 6y ago
> If all countries had robust carbon taxes or similar schemes, then you could possibly argue that the price of bitcoin reflects their true cost. Possibly. But definitely not now. This contradicts your earlier point that markets can'
654.
by noch 6y ago
> I'm saying it's inefficient Compared to what else that provides a decentralised, censorship resistant monetary network without trusted third parties required to secure it? > the metric mentioned is not relevant It's r
655.
by noch 6y ago
> Has it ever decreased? Obviously. https://www.coindesk.com/bitcoin-mining-difficulty-large-dro...
656.
by noch 6y ago
> By cheating I meant making a sidechain that would become longer than the mainchain, thus enabling a double spending attack. A double spend attack can only spend the attackers coins. > If the amount of money to be made in double spen
657.
by noch 6y ago
> individuals are willing to pay for the energy they spend mining cryptocurrency, but as a society it's a huge waste of energy and a massive source of carbon that is entirely unnecessary. Society is made up of individuals. Assuming
658.
by noch 6y ago
> No it just always always goes up regardless of transaction volume as the block-difficulty increases infinitely. [sigh] The difficulty adjustment is so a block is issued on average every 10 minutes. It therefore does not increase infini
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by noch 6y ago
> And those limits come up to the theoretical maximum of was it 7 or so and in practice around 4 > https://www.blockchain.com/charts/transactions-per-second The link you provided indicates transactions added to t
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by noch 6y ago
> yes, most people are invested in crypto because they wanna get rich with that 355% increase FULL STOP. Wanting to get rich is an excellent incentive for anyone. Most other incentives (e.g. altruism) quickly become perverse as they devo

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