olalonde

19 ms·

541.
by olalonde 1y ago
> Bitcoin is a partial solution under multiple constraints, even 1/3 of malicious nodes can undermine it. Internet backbone (BGP) should be trusted. Governments should allow it. etc. This is wrong on multiple counts. Bitcoin's
542.
by olalonde 1y ago
Seems like a long winded version of "No one goes there anymore anyways, its too crowded".
543.
by olalonde 1y ago
That statement is a bit misleading. The damage an attacker can do through a 51% attack is much more limited than that. It allows an attacker to censor transactions or perform double spends, but it does not allow them to "redefine Bitco
544.
by olalonde 1y ago
> Show a single so called “bitter” example from my posts "crypto bros LARPing". "it’s simply an illegal/unlicensed lottery" > And I would be happy to be corrected if I made a mistake, instead of getting person
545.
by olalonde 1y ago
Some do and have reasonable criticism, but you are just mixing up concepts and sound pretty bitter - hence my assumption.
546.
by olalonde 1y ago
Seems someone missed the boat...
547.
by olalonde 1y ago
I didn’t get what you meant, since he doesn't come across that way to me, and doing remarkably well in business seems pretty incompatible with being "off the rails." Believe it or not, quite a few people here are seriously ar
548.
by olalonde 1y ago
I was referring to his professional life when I said he was doing remarkably well - I don't know much about his personal life, and that wasn't the point of the discussion. What did you mean then by Yaccarino staining her legacy th
549.
by olalonde 1y ago
Conversely, I'm a native French speaker from Quebec, and honestly, this is the first time I've ever come across the word "pastèque."
550.
by olalonde 1y ago
Another Trailer Park Boys classic: "That's the way she goes" https://www.youtube.com/watch?v=65w7ha4DZKo
551.
by olalonde 1y ago
Yes, they both refer to the same pizza. Many francophones actually say "une pizza all dress" - it refers to that specific combination of toppings though, not literally every available topping.
552.
by olalonde 1y ago
What does being "successful in business" have to do with his personal life? Not to mention that most of the things you mentioned is based on questionable tabloid reporting.
553.
by olalonde 1y ago
So you mean that he is weird?
554.
Bitcoin soars to all-time peak just shy of $112,000(reuters.com)
4 points by olalonde 1y ago|3 comments
555.
by olalonde 1y ago
In what sense is he "off the rails" then?
556.
by olalonde 1y ago
You have a distorted view or reality. Elon seems pretty happy to me and is undeniably successful in business - arguably the most successful entrepreneur of our time. I don't know much about his personal life but I suspect that him havi
557.
by olalonde 1y ago
You may not like Elon Musk but he's doing remarkably well for someone who is "clearly off the rails".
558.
by olalonde 1y ago
Do you extend that criticism to USB, Bluetooth, WiFi, etc.? The alternative and current status quo is every vendor developing their own proprietary, incompatible and insecure protocols. Unless there's a better alternative I am unaware
559.
by olalonde 1y ago
Yes. https://developers.home.google.com/codelabs/matter-device
560.
by olalonde 1y ago
> It is not "open" in that you can make a matter device in your basement. I did exactly that last week... Certification is required if you want to use the trademarked logo in your marketing materials (same as with Wi-Fi and Blu
561.
by olalonde 1y ago
That's incorrect. Matter is an open standard. https://en.wikipedia.org/wiki/Matter_(standard)
562.
by olalonde 1y ago
I didn't say stock markets don't serve a useful purpose. Regardless, my original point is simply that traders should focus on fundamental value, not try to guess what others are thinking. If they choose to play that game and get b
563.
by olalonde 1y ago
Most of the stock market activity is secondary trading, which has little to do with allocating capital. Trading existing shares just redistributes ownership.
564.
by olalonde 1y ago
I never quite understood why market manipulation is illegal. If market participants make emotional or irrational decisions detached from fundamentals, it should be on them.
565.
by olalonde 1y ago
Yes and yes.
566.
by olalonde 1y ago
I'm not sure I follow your question. Who is the "someone" you're referring to? And what do you mean by "destroying their holdings"? Even in a 51% attack, an attacker can't alter wallet balances or arbitrar
567.
by olalonde 1y ago
The problem is that there's no reliable way to identify who mined a given block, so you can't simply have the network "ignore blocks from the attacker." The coinbase transaction may contain identifying info (e.g., pool n
568.
by olalonde 1y ago
Where is that figure from? You're probably looking at mining pools, which don't actually own the hardware - individual miners do. A pool is just a service that coordinates many miners to work together and split the rewards. If a p
569.
by olalonde 1y ago
First, that figure is way off. Marathon alone has a market cap over $4B and controls less than 5% of the total hash rate. Second, the system only seems vulnerable if you ignore economic incentives. A 51% attack isn't just technically d
570.
by olalonde 1y ago
I disagree. Open source projects routinely deal with far greater risk, like employees contributing open source code on company time without explicit authorization. Yet they generally allow code from anyone without much verification (some ha

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