noxer

67 ms·

841.
by noxer 6y ago
Hence it is and should be named DLT. The "Distributed" separates it from merkle tree systems.
842.
by noxer 6y ago
Data storage is in fact not a property of a blockchain. There is nothing that prevents data in a blockchain to be lost other than the fact that many people store it, which is not guaranteed at all. DLTs (blockchains) solve the double spendi
843.
by noxer 6y ago
In short: "I dont have or see a use for X therefore X must be completely useless to anybody" Also its DLT not blockchain there are DLTs without chains of blocks, without PoW/PoS etc.
844.
by noxer 6y ago
Why would it be the last is the question? Clearly something better has to come or already came. After a large step forward there is usually a tremendous amount of innovation coming. Why would you assume 10 years passed and bitcoin is still
845.
by noxer 6y ago
The difficulty adjusts yes, but the total hashrate has to increase forever. It can decrease for a while but long term it has to increase or the risk for double spend increases too. The difficultly adjusting does not prevent the network form
846.
by noxer 6y ago
Ever other system could (and does) use this as well to boost throughput by reducing speed. Or like LN does by looking up funds in advance to increase speed again. Its always gonna be way less efficient than having order of magnitude faster
847.
by noxer 6y ago
That right, its not relevant. He was wrong on many tings and right on many others. Still what LN may or may not be able to deliver is also not relevant as an argument against existing solutions that deliver today.
848.
by noxer 6y ago
This is simply not possible on bitcoin unless you have wallets holding money from many people. At which point you no longer own your wallet. There is no way Tx of average humans would significantly cancel out within the time of a block. Tha
849.
by noxer 6y ago
Last time I checked block time was 10 min just like 10 years ago. (obviously objectively verifiable fact) Last time I checked max TPS was like 7 or something so it has like what doubled in the last years? (obviously objectively verifiable f
850.
by noxer 6y ago
Enlighten us please? Suggesting to read a book of which the title already suggests some completely irrelevant content about "cost" or PoW surely does not convince me or anyone. I dont care about the energy/cost or the fact th
851.
by noxer 6y ago
No clue where you got that from but satoshi expressed in his emails that he was under the impression that bitcoin would scale on its own in the early days. Just like he tough that millions of people would us their desktop to mine and theref
852.
by noxer 6y ago
LN fundamentally changes nothing. Its still uses bitcoin Tx it just combines many Tx and does the on-chain settlement at a later point thus reducing the number of on-chain Tx increases speed and reduces fees. But if we reduce Tx on the chai
853.
by noxer 6y ago
There are FBA coins out there so people who want can trow money at something an maybe make profit if they gain value. But its not new so who knows how early people who join now really are. Can't compare it with buying bitcoin at a few
854.
by noxer 6y ago
As per my original message you should look into FBA. Its not a coin but some coins do use it. Whether you want to buy such coins and which one is none of my business, but the tech is there and works since years.
855.
by noxer 6y ago
If you do the same kinda research about FBA you will "get it" too and you will know that PoW is useless. You probably wont make money form that but still I hope you dig into it. I myself saw "the beauty" in bitcoin once
856.
by noxer 6y ago
Funny how there was no "environment" argument in the whole message but someone came alone an made sure to devaluate it anyway. The argument was that PoW can not not scale. Its an obvious objectively verifiable fact and its complet
857.
by noxer 6y ago
Its right in the message above. FBA is the result of researching how to make a bitcoin like system without PoW. PoS however is based on the ideas of PoW, it just moves the flaws, its not a solution. FBA was "invented/discovered&qu
858.
by noxer 6y ago
>Bitcoin is onto something What if it "was"? The "hate" people express against bitcoin especially here on HN is often towards the implementation. People clearly see the flaw in PoW if they are not emotionally attached
859.
by noxer 6y ago
The media use "the science" not "science" to tell people what is "the truth". That is the problem. People are first told that something is "the truth" then if it later turns out to be wrong it eradica
860.
by noxer 6y ago
Did you even read the message?
861.
by noxer 6y ago
The prime number thing was an example not related to this coin. The stimulus thing was just a joke. I'm not looking for anything that "I see in other cryptocurrencies". I was just looking for a reason why this coins should be
862.
by noxer 6y ago
The battery will die within months and you risk a house fire. Other than that yes, laptops hardware makes a good small server. See my comment https://news.ycombinator.com/item?id=26298116
863.
by noxer 6y ago
You can use a older possibly partially broken laptop with low TDP CPU. Put the guts in a larger PC case or something similar. You can calculate what kinda heat sink you need that works without fan or pick a fan-less device. You still need a
864.
by noxer 6y ago
Assuming Thanos would snap away China (the whole land not just the people) bitcoin definitely could be considered "down" because it would no longer mine blocks every 10 minutes on average. Difficulty does adjust but that take week
865.
by noxer 6y ago
Its a long solved problem. Just years after bitcoin went live bitcoin devs figured out that PoW just cant be the solution. FBA (Federated Byzantine Agreement) DLT ("blockchains") where the result or making "a better bitcoin&q
866.
by noxer 6y ago
A consumer grade GPU comes with a cooling solution on it that should have no problem cooling the card at 100% load. They certainly are rated to work with way higher surrounding air temp than 20C because they are meant to be put in PC cases
867.
by noxer 6y ago
FBA coin? XRP and XLM are the oldest and most well known. But there are probably dozens more by now.
868.
by noxer 6y ago
let me rephrase: "Originally it wasn't mean to be paid by printing "money" but then they did exactly that because somehow they hand no fiat lying around." Its useless development paid by useless coins for the sake o
869.
by noxer 6y ago
>backed by scientific work Sorry to rain on your parade but this is utter nonsense. Its not backed by anything. Words have meanings and you cant just use an existing word to describe some different imaginary concept. There is no such thi
870.
by noxer 6y ago
The HN bubble is real and as biased as any other internet community.

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