rothbardrand

9 ms·

31.
by rothbardrand 9y ago
Bitcoin core has a consensus mechanism and it is a very good one. What gets into the code is only that which has near unanimous agreement. which means proposals are discussed and altered and improved until everyone is happy. Believe it or
32.
by rothbardrand 9y ago
We know who satoshi is. We can't prove it, of course and we respect him enough to leave him be in peace, given what he has done (and the fact that the current team is stronger than him.) He doesn't like the attention he gets eve
33.
by rothbardrand 9y ago
Every investment I've ever bought has gone down within 6 months of the time I bought it. Unless you perfectly time a bottom that's what's gonna happen. The question is where it is in 6 years, not 6 months. Plus, for a hedge
34.
by rothbardrand 9y ago
You invoked morality. The moral calculus is pretty clear to me: I’ll take the gay loving advancer of technology over governments stealing money to use it to blow up people any day. Apple has the moral high ground, and that ground is highe
35.
by rothbardrand 9y ago
I think the trick is that you "get" that %7 as an account credit, but since you're never going to be able to withdraw the money... these days all a ponzi needs to do is have enough shill accounts claiming that they were able
36.
by rothbardrand 9y ago
Please define "insane"? Those who oppose PoW and think it uses "too much" energy never give a reason. Seems to be based in basic "we should all be poor hunter gatherers" marxism to me. Mining is profitable, b
37.
by rothbardrand 9y ago
less than perfect decentralization is still more decentralization than a monopoly. in this case the competition is a monopoly (eg fiat)
38.
by rothbardrand 9y ago
Worth noting that the vast majority of bitcoin is mined from hydroelectric power. Ironically for the ether pumpers on this thread, the primary crypto currency that is powered by burning coal and oil is ethereum.
39.
by rothbardrand 9y ago
Ethereum is going to PoS as a mechanism to reduce liquidity and increase the coins price. Nothing more. The entire history of ethereum is full of a lot of... less than ideal decisions like this.
40.
by rothbardrand 9y ago
IF it were insanely expensive, nobody would mine. That you don't value the results, doesn't change the economic value of the activity you don't like.
41.
by rothbardrand 9y ago
The max block size for bitcoin went from 1mb to 4mb in August of 2017. The ONLY reason it took so long is that the courtesy signaling that core put in for miners was used as a veto as part of this anti-bitcoin effort to try and increase ce
42.
by rothbardrand 9y ago
You don't give any support for your initial thesis, nor does the post you're responding to. Make a technical or economic argument. Meanwhile: http://www.truthcoin.info/blog/pow-cheapest/
43.
by rothbardrand 9y ago
There's nothing cheaper than proof of work: http://www.truthcoin.info/blog/pow-cheapest/ The real reason Eth and others are going with proof of stake is that it locks up coins and thus dries up liquidity... t
44.
by rothbardrand 9y ago
This comment identifies parties responsible for actions, but these actions are taken by democrats and republicans alike, no president in my life time has failed to engage in these practices. This is not a political response. Recessions are
45.
by rothbardrand 9y ago
Rick and Morty has already lost its appeal to me, because the person who recommended it, and so many of the fans are assholes who think that Rick is a person to emulate and justifies their assholishness.
46.
by rothbardrand 9y ago
Silicon Valley is not dominant now. It is merely perceived as dominant by a cult of silicon valley, which exists primarily in the heads of people who live in SV.
47.
by rothbardrand 9y ago
He's right, but "Silicon Valley" only exists in the minds of silicon valley maximalists who live in a bit of a filter bubble.
48.
by rothbardrand 9y ago
IF your goal is to work for google, facebook, Amazon or Microsoft, then yes, Google is a great place to be. But if your goal is to work for next decades google, Apple, etc, then no, Google is not the place to be. Start working on Bitcoin.
49.
by rothbardrand 9y ago
Things to consider: 1. Create lots of accounts, allocate money to yourself. 2. How do you hold people accountable in a distributed trustless manner? 3. Once you have centralized identity or accountability, then there is really no use to doi
50.
by rothbardrand 9y ago
By "pre-signed" transactions you mean ones still in the mempool? Actually not a problem, with the change to the ten opcode those would succeed on the correct chain. Bitcoin has forked, by the way, August was a soft fork, and it h
51.
by rothbardrand 9y ago
Bitcoin has layers. One of the layers people don't understand is the layer called "core". The creators of bitcoin were cypherpunks and so they had a decade before bitcoin existed where people worked out how such a system wou
52.
by rothbardrand 9y ago
He may have answers to those issues, and I understand he may want to keep them under his hat until they are thought out. But know this-- if you want a chance at success, peer review is going to be needed when you are ready. And a lot of te
53.
by rothbardrand 9y ago
It's easily proven-- go there and look at all the /r/btc brigading going on. The subreddit is full of trolls. And of course whenever one gets abusive and is banned they cry censorship. Now look at my comment you are replyin
54.
by rothbardrand 9y ago
disruption that is unnecessary and only going to happen because this "fork" is literally malware. Look at BCH for an example of a responsible fork. They did the right things and still people lost money, but they did at least do t
55.
by rothbardrand 9y ago
Also, it's very notable that none of the people supporting the 2x scam understand bitcoin, either that or they tell lies about how it works to support the scam. If you take the time to read the white paper and listen to the people who
56.
by rothbardrand 9y ago
You know when you start by calling your opponents positions "propaganda" that it kinda impeaches your argument before you've even begun. Bitcoin has already gone from 1-4mb max blocks this August, going to 8mb is unproven....
57.
by rothbardrand 9y ago
This doesn't really make sense. The thing that gives cryptocurrencies value is that they are scarce. The thing that gives them security is proof of work, allowing a distributed consensus algorithm that is hard to game. Cryptocurrency
58.
by rothbardrand 9y ago
There's no evidence of that, more than %90 of miners are running core, and there are more businesses opposed to 2x than endorsing it: http://nob2x.org Meanwhile "signers" of the New York "Agreement"[1] a
59.
by rothbardrand 9y ago
Economic incentives matter. Bitcoin has them right for making itself "digital gold"... but ethereum discovered the "be your own virtual altcoin at almost no cost and raise a bunch of money" application.
60.
by rothbardrand 9y ago
I think lack of replay protection and making the nodes pretend to be core nodes makes the intentions clear. If you're honest you don't need to deceive like that.

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