rufusroflpunch

9 ms·

31.
by rufusroflpunch 4y ago
He was more or less doing that already anyway. He could at least have used an even moderate amount of modern Bitcoin opsec.
32.
by rufusroflpunch 4y ago
I am sure you’re right. But you could just send the funds to a new address in the new wallet. He could have done that at any point in the last 5+ years.
33.
by rufusroflpunch 4y ago
This is baffling. It would be remarkably easy to memorize 12 words, then keep no active wallet anywhere. When you want to send coins, start up a desktop wallet, enter the 12 words, send some Bitcoin, then delete the wallet.
34.
by rufusroflpunch 4y ago
Same here. I presume that one day I will have to write something using a GAT, and then the understanding will click with me, even if I don't speak the terminology.
35.
by rufusroflpunch 4y ago
Owning and holding Bitcoin is not a scam. That's about it.
36.
by rufusroflpunch 4y ago
Layoffs were always coming, whether Musk bought it or not.
37.
by rufusroflpunch 4y ago
> ruined the network Pretty sure it’s doing just fine. Maybe I am reaching here, but by “ruining the network” I assume you mean that you are blaming him Adam for the small blockers winning, in which case the network is better off for it.
38.
by rufusroflpunch 4y ago
Kind of a ridiculous comparison. If you absolutely must compare this to school shootings, compare it this way: Should a national government mandate only one method of security that every school must implement, or allow states/provinces
39.
by rufusroflpunch 4y ago
Bitcoin is more comparable to FedWire which has very similar throughput. In a Bitcoin world, it would just be the base layer.
40.
by rufusroflpunch 4y ago
An endless parade of articles attacking Bitcoin mining have been flooding in since since Ethereum switched consensus mechanisms. Almost enough to make one a conspiracy theorist.
41.
by rufusroflpunch 4y ago
I'm just getting old, I do not understand VTubers or the appeal.
42.
by rufusroflpunch 4y ago
This is not a correct analysis. Firstly, Bitcoin is far more price sensitive to electricity than almost any other industry. Remaining profitable requires very low electricity costs, and are usually not competing in the same price bracket as
43.
by rufusroflpunch 4y ago
I think it's worth pointing out to people that the developers really have nothing to do with it. If the developers all decided to more Bitcoin Core to proof of stake, the node runners would just switch clients. Proof of work is core to
44.
by rufusroflpunch 4y ago
What he's comparing to Bitcoin is not EVERY SINGLE USE of the USD, but the actual USD network (the Fed and it's member banks) and it's security component (the US military, which is the ultimate enforcer of dollar hegemony). T
45.
by rufusroflpunch 4y ago
This is your daily reminder that computers, including Bitcoin miners, do not generate emissions, they only use electricity, and do not care where that electricity comes from any more than any other industry. Now that Ethereum has moved to p
46.
by rufusroflpunch 4y ago
> I know Kentuckians aren’t the smartest This is more offensive than the obvious joke you're responding to. Unless you're participating in jokeception.
47.
by rufusroflpunch 4y ago
I'm a proud Kentuckian, and I thought it was amusing.
48.
by rufusroflpunch 4y ago
Russia doesn't really stand to gain here. Ukraine and the United States stand to gain the most by removing the option for Europe to capitulate to Russia this winter. Ukraine isn't on the Baltic Sea, but do they need to be? Honestl
49.
by rufusroflpunch 4y ago
> No it doesn't. It has one purpose, and one purpose only: to secure the network against double-spending attacks by making it infeasible to reverse transactions. I won’t argue with you on this point. A better way to phrase it might
50.
by rufusroflpunch 4y ago
I consider Bitcoin’s use only as money to be a good thing for Bitcoin. It has no competing uses, thus has ultimate comparative advantage as money. The best monies throughout history had no competing consumption uses.
51.
by rufusroflpunch 4y ago
This is a rambling article, but the core premise that Bitcoin is leaky because it has an energy INPUT is a weird one. The argument that other tokens being fully closed loops that don’t leak value is certainly a take… Proof of work plays man
52.
by rufusroflpunch 4y ago
I love the Critical Drinker and I also loved this movie. I am not a fan of Indian movies usually, but this one was so good that it is really almost mythical in the way can tell a universal story.
53.
by rufusroflpunch 4y ago
I read the WH report and my impression, despite the one line everyone is citing, is that Washington is slowly working its way to justifying acceptance of proof of work, despite whatever reservations they have, because its would be almost im
54.
by rufusroflpunch 4y ago
No. The average person (or even crypto user) doesn’t know anything about the difference between consensus algorithms and that is certainly not stopping growth. Also Bitcoin will 100% not remove proof of work ever. The overwhelming majority
55.
by rufusroflpunch 4y ago
There is no way Bitcoin has only 11k nodes. There are currently 17k public Lightning nodes, so there must be at least that many full nodes, and certainly many many more.
56.
by rufusroflpunch 4y ago
You're right, their pricing says $1 per 80 searches, sorry. I still think that sounds like a lot. I'm wonder that their infrastructure looks like that making 80 searches costs a dollar. If there is one thing that I would think wou
57.
by rufusroflpunch 4y ago
First I am hearing of Kagi. I'm impressed with what I am reading though. The company seems very transparent about their business model, which is refreshing. Reading their pricing page, it says it costs them about one dollar for a singl
58.
by rufusroflpunch 4y ago
> If something sounds too good to be true, then it isn't. This one threw me for a loop, at first. Wouldn’t one normally say “then it is” instead of “then it isn’t”?
59.
by rufusroflpunch 4y ago
If you are accepting that the network can hard fork to change the hash algorithm, then why not accept that they can do a soft fork to blacklist UTXOs or any one of who-knows-how many possible defenses? Changing the hashing algorithm is a nu
60.
by rufusroflpunch 4y ago
There are beliefs that as Bitcoin continues to accrue value and users, the fees will be enough to sustain the network. I understand many are skeptical in this regard and the only thing that will them right or wrong is time.

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