rawtxapp

10 ms·

61.
by rawtxapp 5y ago
Yes, the loud mouths on twitter and other social networks are definitely a turn-off and pretty annoying. For anyone who's looking into more serious/technical discussions, I think looking through github contributions, whitepapers,
62.
by rawtxapp 5y ago
Combine it with a "Social Credit System" [1] and some Black Mirror episodes don't seem that far fetched all of a sudden. 1: https://en.wikipedia.org/wiki/Social_Credit_System
63.
by rawtxapp 5y ago
Technically, our taxes are used for all kinds of stuff we don't directly benefit from and you can argue that the insurance premiums we pay are paying for someone else's treatment. I think another argument is that it'll be l
64.
by rawtxapp 5y ago
The alternatives aren't really all that better on the topics that he criticized. If you work at big tech, at that scale, it's inevitable there will be parts of the company you disagree with. From my experience there, as long as yo
65.
by rawtxapp 5y ago
It's when they stopped the holiday gift tradition (which was a nexus 5 in the last year they actually gave them out iirc).
66.
by rawtxapp 5y ago
You should see the internal meme board, some of the criticism there is a lot stronger than these comics. If you fire everyone who's critical of the company, you'll only end up with yes-mans and the company will be ruined. As long
67.
by rawtxapp 5y ago
Wait until you hear about this company called Plaid (valued at ~13B$) which is used by a lot of FinTech companies to access your bank account. They take your username/password in cleartext and go ahead and scrape and do as they please
68.
by rawtxapp 5y ago
To me, the Coinbase IPO was a major milestone in achieving critical mass, if you look through their numbers, it has already achieved pretty massive scale compared to it's age. Jury is still out, but I'm confident the cat is more o
69.
by rawtxapp 5y ago
Who is "they"? Nobody universally and single handedly decides rules and regulations. For every person that will advocate for what you're suggesting, there will be even more fierce advocates for the reverse of that.
70.
by rawtxapp 5y ago
I think they haven't taken it seriously in the same way that newspapers didn't take internet seriously and by the time they did, it was way too late.
71.
by rawtxapp 5y ago
They can compel the bank directly, no one can "force" the blockchain do to anything that's not programmed to do.
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by rawtxapp 5y ago
Except by then the cat is out of the bag and significant % of the population/institutions holds it and you can't hurt your own population without swift opposition. It's pretty clever if it works out.
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by rawtxapp 5y ago
This is 2017 all over again, back then it was worthless ICOs, now it's fake defi projects or meme coins doing the same. It attracts the same kind of people too, quick money chasers and ends up with relatively same results, large losses
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Biden Weighs a Response to Ransomware Attacks(nytimes.com)
1 points by rawtxapp 5y ago|0 comments
75.
by rawtxapp 5y ago
Yeah, difficult to correlate number of addresses with users. Ethereum is probably a better approximation since users there tend to use a single address for everything. Another way I estimate usage/adoption is looking at Google Trends a
76.
by rawtxapp 5y ago
People hold it because historically it appreciated greatly, so they expect that to continue. But it can't appreciate the average of 300% YoY forever, sooner or later, it will hit diminishing returns at which point people will be more w
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by rawtxapp 5y ago
That's mostly what they are used for anyways amongst other purposes like hedging or leverage.
78.
by rawtxapp 5y ago
I'm not sure I would categorize it as "minor inconvenience". In terms of financial numbers, it's estimated to cost 180B$ [1]. You also have to consider all the opportunity costs of what we could achieve with a faster and
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by rawtxapp 5y ago
It's not illegal for hedge funds.
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by rawtxapp 5y ago
It's a derivative, it also exists in traditional markets and it's size is gigantic compared to normal markets. As far as I understand it, in this case, it's essentially cash settled.
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by rawtxapp 5y ago
Or arguably, it's burdening 99% of legitimate users to stop the 1% of bad actors.
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1994: “Today Show”: “What Is the Internet, Anyway?”(youtube.com)
1 points by rawtxapp 5y ago|0 comments
83.
by rawtxapp 5y ago
Maker already has thousands of vaults, so clearly people do know what it is. I've never had an online loan application work, always had to go to their branch or call them which is a lot more work than installing one browser extension c
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by rawtxapp 5y ago
> Of course there are indeed serious hackers doing game-changing work in the blockchain space and I believe blockchain does have a future, but right now it's almost impossible to hear the signal from the noise. 100%, seeing people w
85.
by rawtxapp 5y ago
> - UX of interacting with/running code. This isn't users going to a website or downloading an app from an app store. Until it is, it's a non-starter. I don't know which projects you've used, but in my experience
86.
by rawtxapp 5y ago
Like every engineering project, it boils down to pros and cons, it doesn't make sense to shoehorn blockchain into everything. Do you need a decentralized, trustless, transparent and uncensorable system with adversarial participants and
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by rawtxapp 5y ago
Just to point out, it seems like the author themselves submitted the story to HN. Still I agree with your reasoning, but I think slight clickbaity titles do get clicks which is why we keep seeing them.
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by rawtxapp 5y ago
There's a difference between a billionaire generating yield on their money by investing and taking risks vs the Fed just sending them x% of freshly printed money because they are already a billionnaire.
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by rawtxapp 5y ago
Bitcoin had by far the fairest distribution and the largest holder (Satoshi) hasn't touched his coins and for all practical purposes they are gone. You just can't replicate the same conditions which lead to it's existence tod
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by rawtxapp 5y ago
Satoshi mined it the same as anyone else and his stash is as good as gone for all practical purposes.

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