once_inc

28 ms·

1. 271.▲
   by once_inc 4y ago

   See my reply above please, linking to: https://www.coindesk.com/business/2021/03/05/the-frustrating...
2. 272.▲
   by once_inc 4y ago

   Environment FUD refutation (just the one I personally link to most): https://www.coindesk.com/business/2021/03/05/the-frustrating... PoW security is a vector, and doesn't flip from secure to insecur
3. 273.▲
   by once_inc 4y ago

   I've yet to see a convincing argument why we end up with a trusted authority. Can you point me to which incentive would cause this?
4. 274.▲
   by once_inc 4y ago

   No, bitcoin doesn't care what you do with it. It is regulated by the economic majority. If everyone agrees that we want regulations on transactions, it can be added to the protocol; I suggest you create a BIP for it, and see what the r
5. 275.▲
   by once_inc 4y ago

   Please note that Bitcoin is considerably more carbon emission friendly than most other industries. Also note that PoW is deliberately wasteful as feature.
6. 276.▲
   by once_inc 4y ago

   There is a vast amount of legitimate use on the Bitcoin blockchain. Even companies that have a clear incentive to find criminal use of Bitcoin can only find anywhere between 1 and 4% possibly criminial transaction use. That is considerably
7. 277.▲
   by once_inc 4y ago

   My Early reference is in relation the the El Salvador bitcoin legal tender law, which is less than a year old. What is destructive exactly?
8. 278.▲
   by once_inc 4y ago

   You are making blanket statements without backing it up with evidence. Even if you do back it up with evidence, it will be anecdotal, since Russia has been actively working on crypto infrastructure and reserves, while Ukraine hasn't. A
9. 279.▲
   by once_inc 4y ago

   Check Alex Gladstein(one of the writers)'s weblog and check some of his articles. Bitcoin is inherently a-political and inclusive; it doesn't know who is doing what with bitcoin at the protocol level. Yes, this allows scammers et
10. 280.▲
    by once_inc 4y ago

    "Christmas lights consume more electricity than Argentina." "Wash dryers consume more electricity than Argentina." "Steel foundries consume more electricity than Argentina." What is the point? Comparing global
11. 281.▲
    by once_inc 4y ago

    Bitcoin mining isn't melting the planet. It's not even using more energy than Christmas lights or wash dryers. The comparisons made with [insert random country here] is dumb, because any worldwide phenomenon has a large chance to
12. 282.▲
    by once_inc 4y ago

    Bitcoin is a base-layer solution. Do you not want to transact on the base layer because of lack of reversibility or fees? Move to a higher layer solution that sacrifices some characteristic of Bitcoin to enable something new. Want to do lot
13. 283.▲
    by once_inc 4y ago

    I defense of those existing blockchains: the annual worldwide energy usage of blockchain technology is roughly equal to the annual US energy waste from machines plugged in while in standby mode. It is also significantly lower than the annua
14. 284.▲
    by once_inc 4y ago

    For those wondering: this article is an introduction into inflation of house prices in Canada. You can easily find the next article (it's already online) by going to the substack's index. Very good article, and well worth your tim
15. 285.▲
    by once_inc 4y ago

    I quite like the soundtrack, which the author also decides to take a piss on as a parting shot. That said, yes, Christopher McCandless did indeed do something extremely stupid, just to try to prove something to himself. He was utterly under
16. 286.▲
    by once_inc 4y ago

    Shadowstats's methodology is not uncontested by the way. That said, CPI is actively manipulated by governments worldwide.
17. 287.▲
    by once_inc 4y ago

    Being open about the methodology doesn't mean nobody is actively trying to game it. Replacing A-status products with B-status products, or removing controversial items from the basket and added different products that have favorable in
18. 288.▲
    by once_inc 4y ago

    The two greatest problems in computing are: naming things, multithreading, and off-by-one errors. It looks like your comment helps me fix one of them. Computers (or more generally 'machines') in my network tend to be named stupidl
19. 289.▲
    by once_inc 4y ago

    I'm from the future. In a few years time, the EU and other large governments will have instituted Carbon tracking apps directly linked to bank account information which have been combined with CBDC's to directly tax you for spendi
20. 290.▲
    by once_inc 4y ago

    I've had to wing it in a number of situations where I'd needed to draw a small sprite or touch up a picture by placing individual pixels. I now see that I've fallen into the pit of hugging banding quite often, which explains
21. 291.▲
    by once_inc 4y ago

    To become a Unit of Account, you generally need to become a Means of Payment. To become a Means of Payment, you need to be a store of value. Why would you price a product or service in something without value? Why would you denote all pric
22. 292.▲
    by once_inc 4y ago

    twenty-five percent of Africa is literally covered in sand. Sand comes in different granularity and compositions, but for concrete this is often irrelevant.
23. 293.▲
    by once_inc 4y ago

    Don't read the Red Mars trilogy. (do)
24. 294.▲
    by once_inc 4y ago

    Unfortunately, dollars aren't digitally native, or easily transportable. It requires gatekeepers to give permission, which often isn't processed in real time.
25. 295.▲
    by once_inc 4y ago

    I agree on your points about Ethereum and all alt-coins. Bitcoin is another matter though, because it has the majority hash rate. Please note that bitcoin mining is a fraction of a fraction of all energy use in the world, and as an industry
26. 296.▲
    by once_inc 4y ago

    I don't argue that Bitcoin mining uses fossil fuels. In fact, I'd still be a Bitcoin proponent if its Proof of Work uses solely fossil fuels, because the benefits of having separation between money and state is a solution for ma
27. 297.▲
    by once_inc 4y ago

    How is specialized mining hardware an environmental disaster? In what way is the bitcoin mining industry more harmful to the environment than a steel smelter, an aluminum factory, or wash dryers? How is it an environmental disaster if most
28. 298.▲
    by once_inc 4y ago

    Or CreditCard, or iDeal, or AliPay, or crypto, or... or... or... Of the vast amount of payment options available online, only a handful is used by people in a geographic area. Dutch people have a very strong preference for iDeal, for exampl
29. 299.▲
    by once_inc 4y ago

    > how one determines(...) what accounts are absolutely fake Right now, Twitter's ability to ferret out fake accounts is just completely ineffective. In the communities I follow, I see literally hundreds of reply posts under each twe
30. 300.▲
    by once_inc 4y ago

    Start here: https://www.bloomberg.com/opinion/articles/2022-05-11/terra-...