ric2b

55 ms·

631.
by ric2b 6y ago
> Similarly, maybe you haven’t hit a transaction yet which a government made an effort to block but … They wouldn't be able to unless they had over 51% of the mining power, and it would be easily noticed.
632.
by ric2b 6y ago
> Do we ignore the roll of IANA, RIRs, and other authorities that manage IP address and ASN assignments? Yes, because Bitcoin doesn't have those issues. It follows the chain with the largest amount of PoW, it doesn't matter whe
633.
by ric2b 6y ago
> How does the network increase the transaction rate to current global rates (at least 10^4 higher)? Efficiency improvements on the base chain, 2nd layer technologies like Lightning Network and ultimately increasing the base block size l
634.
by ric2b 6y ago
> Asymmetric cryptography is a completely separate, much older technology that has nothing directly to do with cryptocurrencies. It does, Bitcoin wouldn't work without it, the whole thing relies on cryptographic signatures. > The
635.
by ric2b 6y ago
That argument is similar to saying a nuclear power plant is ridiculously expensive because it started operating last week and is currently only connected to a single factory. The energy usage of Bitcoin doesn't meaningfully go up with
636.
by ric2b 6y ago
> But the issue is that Bitcoin isn’t supposed to provide subjective value, it’s supposed to provide objective value; it’s literally supposed to be money. Money's value is also subjective, I'm not sure what you think is objecti
637.
by ric2b 6y ago
I'm not aware of any other consensus algorithm that is proven to be as secure as PoW.
638.
by ric2b 6y ago
> as bitcoin becomes more difficult to mine energy needs go up Difficulty adjusts up and down as needed to maintain an average of 1 block every 10 minutes, it doesn't just tend to infinity. It's mostly correlated to the block r
639.
by ric2b 6y ago
> Electricity is one of those things most of society has deemed an essential good, and as such has subsidized it for the poorest among us. Sounds like an argument for giving subsidies to the poor instead of anyone using electricity.
640.
by ric2b 6y ago
We have several times more bars of gold than the amounts used for industry/jewellery, we could have stopped mining it decades ago if that was a serious argument.
641.
by ric2b 6y ago
How is it backing? What does the government guarantee in exchange for $1USD (or some other amount)? The government issues USD, it doesn't back it.
642.
by ric2b 6y ago
Those are clearly opinions at most, he's not claiming they're actual facts. No one reads that and thinks "wow, these people are members of the actual Stasi? holy crap!"
643.
by ric2b 6y ago
But they called _themselves_ retards, they're not insulting others. It's because they're aware that most of what they do is dumb gambling (with some occasional actual research thrown in) but they do it anyway.
644.
by ric2b 6y ago
id = x => x; logging_id = x => { log(x); return x };
645.
by ric2b 6y ago
Why else would they need an emergency $3.4B fund raise?
646.
by ric2b 6y ago
> Proper Islamic finance exists and has existed and has built empires. What empires has it built since the Catholic church started allowing interest on loans? > if it doesn't work out, then the investor has lost his money and is
647.
by ric2b 6y ago
> loans are strictly an act of charity since they cannot take interest. Let me guess, this means that you either have good connections or you're not buying a house until very late in life?
648.
by ric2b 6y ago
It's especially noticeable with fast-moving videos or games.
649.
by ric2b 6y ago
If you only look at Robinhood, sure, they're not gaining anything. But look further up, and you'll see that their main client (~40% of their revenue), Citadel, is looking at major losses if this keeps going.
650.
by ric2b 6y ago
At a minimum they should've waited for the market to close before implementing the restriction. The timing of it makes it unethical.
651.
by ric2b 6y ago
Do you mean this one? https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddi... "the hedge fund’s manager told CNBC’s Andrew Ross Sorkin." So this is completely based on a phone call and Melvi
652.
by ric2b 6y ago
Since when is intent to manipulate the stock price illegal by itself? If that were true the hedge funds that shorted GME and then released their reports on why they thought it was going to go down would have been operating illegally already
653.
by ric2b 6y ago
> Yeah, but with lightning you really need enough value along the network path(s) to execute a transaction, possibly causing a similar thing as this to happen. It's atomic, it either completes 100% or it fails, there's no parti
654.
by ric2b 6y ago
Total deaths are an awful way of comparing countries, it's heavily correlated with population size.
655.
by ric2b 6y ago
> why didn't a well-capitalized hedge fund cash in on it already? I would be surprised if there aren't already multiple hedge funds doing just that.
656.
by ric2b 6y ago
> If keeping the price high is dependent on a never-ending stream of new buyers, you've devolved into a ponzi-scheme. Not buyers, holders. The buyers are guaranteed for a while due to the short interest. > The fact that retail br
657.
by ric2b 6y ago
Nah, there are more important things like spaceforce /s
658.
by ric2b 6y ago
Here's another, claiming it's common: https://www.youtube.com/watch?v=gMShFx5rThI
659.
by ric2b 6y ago
Yeah, well, there are more competent players in the space. We owe them nothing.
660.
by ric2b 6y ago
It stops being boring when brokers start directly interfering with the volume by changing what traders are allowed to do in the middle of a trading day.

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