rufusroflpunch

11 ms·

61.
by rufusroflpunch 4y ago
China banning miners strengthened the network instead of weakening it. Within a 3-6 months the hash rate totally recovered and it was more decentralized than ever. The argument that it is easier to move a validator than a miner is a very su
62.
by rufusroflpunch 4y ago
Do you really think they wouldn’t turn they screw when the time came?
63.
by rufusroflpunch 4y ago
The idea that Proof of Stake is more secure against attack is beyond absurd, frankly. However you feel about the energy usage of proof of work consensus mechanisms, they are far more resistant to attack and centralization.
64.
by rufusroflpunch 4y ago
I'm referring to a payment network outside of credit card rails entirely.
65.
by rufusroflpunch 4y ago
I think you’re wrong. The credit card system’s days are numbered. In 5 years I think digital wallets will be common in the US, and it won’t be because of anything the government did except get out of the way.
66.
by rufusroflpunch 4y ago
The core devs have implemented a “difficulty bomb” in order to pressure the community to adopt their changes. If you don’t accept their hard forks you will stuck operating on a chain where you can’t mint new blocks. It’s not quite force or
67.
by rufusroflpunch 4y ago
Wondering the same thing myself. The entire problem with proof of stake is that the only thing in the digital realm that can be relied on as a source of objective truth is computation, hence proof of work. How do you get verified (true) ran
68.
A Look at the Lightning Network(swanbitcoin.com)
3 points by rufusroflpunch 4y ago|0 comments
69.
by rufusroflpunch 4y ago
It's not nonsense. In the US, full-time jobs are down, people with multiple jobs are up. It's not reflected correctly in the Establishment jobs survey, which is the survey the media outlets all use when reporting jobs numbers. Any
70.
by rufusroflpunch 4y ago
Maybe I misunderstood, but I saw this on twitter: https://twitter.com/0xdev0/status/1556933551073153024 It says they blocked RPC requests from TornadoCrash, and that MM could no longer access Tornado Cash funds.
71.
by rufusroflpunch 4y ago
I agree, that's why I specified the ethereum ecosystem, not just the protocol. For instance, Infura and MetaMask have already blacklisted the OFAC addresses, and those services are critical to the workflows of MANY services in the ecos
72.
by rufusroflpunch 4y ago
It would hurt it, definitely wouldn't kill it. There's still an economy. You can use decentralized exchanges like Bisq, Robosats, etc to buy and sell Bitcoin, even if they banned every centralized exchange. You can also directly t
73.
by rufusroflpunch 4y ago
This will be a great test of how decentralized the ethereum ecosystem actually is.
74.
by rufusroflpunch 4y ago
It's just game theory. If banning it won't kill it (and it won't in this case), then you need to embrace it or lose out. The best they can hope for is to control the on-ramps and off-ramps.
75.
by rufusroflpunch 4y ago
I think the Lightning Network will be useful for this role someday. The only proof of work that ever needs to be necessarily run are on the Bitcoin network, and you can transfer Bitcoin or satoshis or fractions of a satoshi as the represent
76.
by rufusroflpunch 4y ago
The social network is dead. Long live the social network.
77.
by rufusroflpunch 4y ago
Love Mullvad. Wish they would hurry up on Lightning Network integration.
78.
by rufusroflpunch 4y ago
Peter Zeihan seems to think China is in the worst shape by far, and it's not even close.
79.
by rufusroflpunch 4y ago
You just trade them as dollars. In places like Lebanon, Turkey, etc many people will just use them as dollars. You can send them around in crypto wallets.
80.
by rufusroflpunch 4y ago
Your post demonstrates a clear lack of understanding about how Bitcoin works. 1) The Lightning Network is fine and stronger than ever. That >2 year old outdated post is meaningless. There are MANY more routing nodes than ever, and market
81.
by rufusroflpunch 4y ago
I wish it was redundant. > pokes Luna's corpse with a stick
82.
by rufusroflpunch 4y ago
There's multiple things to consider with the crypto space: 1) Bitcoin: It is attempting to establish hard money standard outside of state authority. It's slow going. Takes a long time to build and educate. Currently largely treate
83.
by rufusroflpunch 4y ago
I guess I just assumed he sold at the bottom-ish and that they had previously bought higher, though I am probably wrong.
84.
by rufusroflpunch 4y ago
Buy high and sell low. That’s the way to do it, right there.
85.
by rufusroflpunch 4y ago
I'm sure they would say the same thing about whatever nonsense you believe.
86.
by rufusroflpunch 4y ago
Same. I got the M1 Air earlier this year. Was worried I was too late in the product cycle, but after using it, this thing will be a beast for years to come.
87.
by rufusroflpunch 4y ago
Governance, no… But transaction selection?
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by rufusroflpunch 4y ago
I have Logitech MX keys and a Logitech mouse. I actually use a USB receiver personally. Much prefer it, and no AirPods issues to boot.
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by rufusroflpunch 4y ago
It needs work still but I think it is not bad. Muun, for example, is amazing and non-custodial. CashApp and Strike also have very nice and fool proof custodial options. Edit: Stablecoins are coming to Lightning soon enough.
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by rufusroflpunch 4y ago
I think within the next couple of years, the Lightning network will become a real payments contender in the porn space.

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