ric2b

123 ms·

1. 1381.▲
   by ric2b 9y ago

   But why mention the percentage? Just say the absolute value itself. $x per transaction.
2. 1382.▲
   by ric2b 9y ago

   How is that retaining it's value? That's nearly 10% gone after 7 years. And that's assuming 1.5%, some years are worse.
3. 1383.▲
   by ric2b 9y ago

   That is equivalent to saying: "Why buy anything at all when it's better to buy Bitcoin?" It's the same thing: opportunity cost of not owning Bitcoin (or any other investment). Each person decides how confortable they are
4. 1384.▲
   by ric2b 9y ago

   There's a very large set of problems that would become solvable if digital identity could be done. Sadly, as of yet there's no solution in sight that doesn't require a third party.
5. 1385.▲
   by ric2b 9y ago

   Any single person that cares about it can keep it going. If literally no one cares that means there's no problem in it disappearing.
6. 1386.▲
   by ric2b 9y ago

   It's not a percentage, you pay the same fee whether you're sending 20 cents or 20 million, you're paying for the space your transaction takes up on the block. It's actually not even that, the miners just choose the trans
7. 1387.▲
   by ric2b 9y ago

   As opposed to the current model where newly printed money is given straight to the rich (banks)? I don't see how Bitcoin is in any way worse than that.
8. 1388.▲
   by ric2b 9y ago

   > I have trust that the Euro will retain its value You must feel very betrayed every year when you look at the inflation rate and the price increases...
9. 1389.▲
   by ric2b 9y ago

   I assume you haven't read the article, please read at least the introduction since it does a much better job of explaining the issue than I can.
10. 1390.▲
    by ric2b 9y ago

    > The GBP I hold is a promise that the issuer will go to almost any means necessary to maintain the value of my wealth in respect to its fungibility. That's an absurd notion, if that were true they wouldn't keep printing more o
11. 1391.▲
    by ric2b 9y ago

    > For example the defaults that worked fine for a long time (seq_page_cost=1 and random_page_cost=4) certainly do not reflect the difference between random and sequential I/O on rotational devices (where the device can easily do 100
12. 1392.▲
    by ric2b 9y ago

    So you're going to walk around with a massive metal plate and a huge battery strapped to your back? Nevermind the fact that you probably couldn't react quickly enough to use it even if you carried it everywhere.
13. 1393.▲
    by ric2b 9y ago

    Try opening some of those and ctrl+f to realize what was actually matched. Hint: not "thread race"
14. 1394.▲
    by ric2b 9y ago

    IPFS could be such an amazing thing for the academic world, imagine every new paper including an IPFS hash alongside the citations, so you could instantly jump to them while reading the pdf. It would guarantee that you'd be seeing the
15. 1395.▲
    by ric2b 9y ago

    Universities should support research, they shouldn't only be capitalist machines. But even while chasing profits they could at least sell the damn books online and give you a table of contents.
16. 1396.▲
    by ric2b 9y ago

    I believe the comment received reddit gold specifically to keep it visible.
17. 1397.▲
    by ric2b 9y ago

    Statistically the reward is the same whether you're solo mining or in a pool. Actually less in a pool because they take a cut of the profits. The benefit of being in a pool is that you get the (smaller, since they're shared) rewar
18. 1398.▲
    by ric2b 9y ago

    Try to make those requests via e-mail, so you have something to show when it breaks or becomes hard to maintain.
19. 1399.▲
    by ric2b 9y ago

    > That you have to pay for it means their sustainability is not tied to abusing their users. Modern capitalism means taking the money _and_ abusing the users, unless the users leaving from the abuse actually ends up reducing profits.
20. 1400.▲
    by ric2b 9y ago

    Well, no one payed you and you're already lying so...
21. 1401.▲
    by ric2b 9y ago

    > It reminds me of Bit Torrent in the early 2000s. Sure, it had a decent impact on the Internet, but not really as revolutionary as everyone was hyping it to be. It forced two gigantic industries (music and movie) to re-invent themselve
22. 1402.▲
    by ric2b 9y ago

    > because no intelligent system would think it could produce paperclips infinitely This is irrelevant, being turned off while it's still possible to produce more paperclips would not be the optimal strategy for the machine trying to
23. 1403.▲
    by ric2b 9y ago

    And since when have service industries stopped being industries?
24. 1404.▲
    by ric2b 9y ago

    > Yes, they own 60% of XRP available, but if you're settling a transfer between USD/EUR then you only need to trust ripple for the length of time for that settlement to happen. Which for a bank would be all the damn day because
25. 1405.▲
    by ric2b 9y ago

    But that's a context specific unit, not intended for general use. Metric is great for general use simply because of it's multipliers: (...) 1G = 1,000M = 1,000,000K = 1,000,000,000 = 1,000,000,000,000m (...) And also the simple wa
26. 1406.▲
    by ric2b 9y ago

    Probably just salty that Snowden gets to have a hot girlfriend and also be a hero.
27. 1407.▲
    by ric2b 9y ago

    Why is that, are you thinking about GraphQL?
28. 1408.▲
    by ric2b 9y ago

    > You are encouraged to buy and hold it because it will be worth more in the future relative to the cost of goods, services, and other fist currencies. A currency being inflationary shouldn't really affect spending because lots of d
29. 1409.▲
    by ric2b 9y ago

    If the stores are not forced to use Bitcoin and are still allowed to accept other forms of payment but simply choose not to, then yeah, it's voluntary. Go find someone who's willing to take whatever you're trying to use inste
30. 1410.▲
    by ric2b 9y ago

    And what exactly do you think a 51% attack can do? I'll tell you what: censor transactions and make double-spends. Not exactly end of Bitcoin danger, is it?