runeks

72 ms·

841.
by runeks 5y ago
I see nothing wrong with taxes. I just don’t think a monetary unit managed by politicians works in the long run.
842.
by runeks 5y ago
> Or, for that matter, leaving fiscal matters in the hands of a central bank with a board of governors appointed by democratically elected officials? Money shouldn't be democratic. I'm not OK with a majority deciding that they&
843.
by runeks 5y ago
It's not really in production until the value of Ether tokens is protected by it. When that happens it will be potentially profitable to hack it. Right now only Ethereum supporters are testing the network, not Ethereum antagonists (bla
844.
by runeks 5y ago
You're mixing up two different issues. One is a bug in the implementation of Ethereum, the other is a bug in a smart contract (that runs on Ethereum). Undoing the former by rolling back the chain and fixing the bug is the only logical
845.
by runeks 5y ago
Some poor university student nearly did.
846.
by runeks 5y ago
The fact that it’s possible to acquire knowledge outside of university.
847.
by runeks 5y ago
This is interesting. Ransomware authors may be protecting their targets against destructive attacks since this would reduce their profits. In the same way that botnets attempt to protect their host from being infected by competing malware.
848.
by runeks 5y ago
As you point out, it depends on how we define "domain expert". I may be a "blockchain domain expert" but I also need to understand what consumers need from a blockchain in order for it to be a profitable venture. My idea
849.
by runeks 5y ago
Presumably that it’s inherently slow to compile. “Getting the types right” happens before compile time.
850.
by runeks 5y ago
So replace a system used by all banks in all countries with a system used by no banks in any country? That’s like having your car engine break down and replacing it with a chair. Sure, you could do that, but what would be the purpose?
851.
by runeks 5y ago
I don’t get it. What’s there to assess? Producing power for Bitcoin mining impacts the environment in exactly the same way as producing power for anything else. If the price of electricity produced by e.g. coal plants doesn’t include extern
852.
by runeks 5y ago
Thank you for the explanation! This sounds amazing. I’m really looking forward to seeing what can be built on top of Bitcoin if this activates.
853.
by runeks 5y ago
" In the marketplace you’re not expected to be aware, you’re expected to be efficient. Efficiency is a quality of machines. Machines are more efficient than human beings. Because efficiency is required, you become more mechanical. And
854.
by runeks 5y ago
Bill of Exchange discounting goes back many centuries. It should be possible to compare this historic discount rate to inflation. I think it would be interesting to see the result, but I don’t have the data unfortunately.
855.
by runeks 5y ago
> […] some of the script will also be revealed. nullc seems to be saying that revealing (part of) the script isn’t necessary in case of cooperation: https://news.ycombinator.com/item?id=27023391 Am I misunderstanding y
856.
by runeks 5y ago
> The effect is that instead of being limited to a few thousand bytes of operations for the rules governing your coin, you could have gigabytes of rules, and yet never expose them (and burn network resources and your privacy) -- or if yo
857.
by runeks 5y ago
So what’s the track record for this Ming-Chi Kuo person? I see a strong incentive to make crazy, interesting, far-into-the-future predictions in order to increase ad click revenue.
858.
by runeks 6y ago
What’s the problem, exactly? I don’t see how this is different from downloading a binary from the get.volta.sh domain and running it.
859.
by runeks 6y ago
I don't think you’re including enough data in your analysis. I agree that there’s been a correlation between the inflation rate and the rate of interest for the past century, but before that there was no such correlation. It seems to b
860.
by runeks 6y ago
> A currency needs to be inflationary or people hoard it instead of spending it [...] No, not at all. All you need is a sufficiently high rate of interest. The higher the rate of interest, the more you miss out on if you hoard instead of
861.
by runeks 6y ago
Using the logic of this report, couldn’t we say that enforcing KYC/AML solves all economic crime? Drug trade, corruption, tax evasion: just have every country in the world, without exception, strictly enforce KYC/AML and they’ll b
862.
Enforcing KYC, AML Laws Is Key to Reducing Ransomware Attacks, Report Says(coindesk.com)
2 points by runeks 6y ago|3 comments
863.
by runeks 6y ago
> Make banking a choice […] How does “giving everyone an account in the national bank at birth” correspond to making a choice? How about, instead, you give people the option to open an account with the national bank? That sounds more lik
864.
by runeks 6y ago
Because they may be so expensive precisely because it’s difficult to automate them.
865.
by runeks 6y ago
What if, in a democracy, 51% of voters agree to take away the voting rights of the remaining 49%? Would this still be a “democracy”? Related to this is the question of whether a democracy even makes sense without freedom of speech. How is t
866.
by runeks 6y ago
Here's an idea: what if -- instead of digging a deep hole into the ground -- we use the tower of a wind turbine as the vertical space in which the weight is raised/lowered? A wind turbine is already equipped with a generator, so i
867.
by runeks 6y ago
Here’s the chart of interest: https://img.electronicdesign.com/files/base/ebm/electronicde...
868.
by runeks 6y ago
> A lot of people resorted to selling their bags to buy more at a lower price. Sounds like a sensible strategy. Although I prefer the “buying and then selling at a higher price”-approach.
869.
by runeks 6y ago
> Indeed, here is Go's definition of ed25519.PublicKey […] Wouldn’t you need some sort of length restriction on that? Or are all byte sequences valid Ed25519 keys — e.g. the empty byte sequence and the byte sequence that comprises t
870.
by runeks 6y ago
Also: how would you cool it? The passively cooled M1 MacBook Air throttles after 15 minutes of high CPU usage. So, perhaps a phone would throttle after a couple of minutes?

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