smokeyj

31 ms·

271.
by smokeyj 9y ago
Why does every crypto thread have these vacuous comments? Normally adding a "I agree" comment is met with "use the arrow". Maybe we could come up with a "HN law of crypto" that states all articles must be met w
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by smokeyj 9y ago
There's a lot of things you can wonder, but they're not all worth mentioning.
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by smokeyj 9y ago
Tesla is the Apple equivalent for cars. Consumers see the Tesla brand as innovative and high quality regardless if it's true. Even if other manufacturers make a Tesla equivalent, that's like iPhone vs Android. It's a status t
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by smokeyj 9y ago
For BTC they already hold pre-fork.
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by smokeyj 9y ago
As if people in the third world have money for transaction fees, opening and closing lightning channels, and of course locking up funds to use the channel. The idea that bitcoin can exist only as a settlement layer is a dream. It was pitche
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by smokeyj 9y ago
The way HTTP works is there is a request and response. If LinkedIn does not want to provide a response, they don't have to. If they don't want to accept requests, then maybe the World Wide Web isn't for them.
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by smokeyj 9y ago
If we were to talk about human organizational models the way we talk about network topologies the conversation would be so much more productive. We could talk about uptime, failover, backups, consensus and other objective qualities. No matt
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by smokeyj 9y ago
Source please.
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by smokeyj 9y ago
I don't know much about ASICBoost - but if the reason for changing the PoW algo is because of the US patent system.. then let the US patent system catch up, not the other way around. Bitcoin wasn't designed so that American miners
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by smokeyj 9y ago
You can't patent software so thanks for making my point. You can't patent math either. Crypto is math based money so now the SEC is basically trying to regulate math. Any reasoning person will see the futility in that. Paradigm sh
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by smokeyj 9y ago
> I think that's a valid point, but we won't know how it will play out That sounds like a terrible plan. Let it play out on Litecoin or some other toy blockchain. The large block crowd wants the easiest most straight forward wa
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by smokeyj 9y ago
1tb drive = $50. 1 year of data costs about $16. > I understand the reason for a larger block - it seems like it's pure profit for the miners Bigger blocks = more supply. Wouldn't the cost go down?
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by smokeyj 9y ago
> want to retain their power by keeping all transactions on-chain in Bitcoin Cash Exactly what power is that? The power to collect smaller mining fees? Honest question - what's the status of Lightning? Core promotes it as the soluti
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by smokeyj 9y ago
I mean, maybe if the currency is pre-mined and you're buying a token from a seller. But what about Satoshi? Did Satoshi issue a security by releasing the blockchain? I mean, all he did was write a program and released it in the wild. T
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by smokeyj 9y ago
> I'm not sure why this would be inconsistent You could also think of bitcoin as an ICO. There's 21 million tokens that Satoshi sold, that people purchased with the expectation of profiting from. Boom, it's a security. If
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by smokeyj 9y ago
> What is an "unregulated company"? Something like a DAO contract that doesn't have an issuer (assuming the DAO had an issuer, not sure). Or a payout mechanism like zcash where the mining function pays out to founders wall
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by smokeyj 9y ago
Why shouldn't mom-and-pop get the choice to invest in SEC regulated companies? If you like what the SEC has to offer, you can keep it. Taking away that choice seems paternalistic at best, corrupt at worst.
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by smokeyj 9y ago
This literally changes nothing. Regulated companies already knew what the findings would be. Unregulated companies still don't care.
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by smokeyj 9y ago
> The really important kind of freedom involves .. being able truly to care about other people and to sacrifice for them over and over in myriad petty, unsexy ways every day. Are we not reading the same thing? Is this sentence not the cr
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by smokeyj 9y ago
No, I just think it's paradoxical to free your mind of fixation only to fixate on something else (relentlessly helping others). I don't think being happy, or contributing to society requires a fixation on giving - or for it to be
291.
by smokeyj 9y ago
This is like every religious group taking credit for societal advancements. > I'm pretty sure I'd rather live in a society with the technology of the stone age and today's understanding of law&justice I'm sure we
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by smokeyj 9y ago
> and being able truly to care about other people and to sacrifice for them over and over in myriad petty, unsexy ways every day. It seems to have a religious "give until it hurts" type of mentality. Because giving doesn't
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by smokeyj 9y ago
Maybe we could just sticky this comment for every crypto thread. It's interesting to see the objections change over the years. It used to be "bitcoin will never last past the year" to "bitcoin will never survive the next
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by smokeyj 9y ago
What a great fluff piece. I'm guessing the blogger here will get an inside scoop when Zuck runs for office. It's interesting how Zuck seems so generous when it comes to politics yet doesn't apply that same mentality to his ca
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by smokeyj 9y ago
Ah yes, the narrative where libertarians finally see the value in politicians and crawl to them for help. Unfortunately for your fantasy, that's the opposite of what's happening. We're leaving the politicians at home and buil
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by smokeyj 9y ago
> or any tulips throughout history. Not salty huh LOL This must be infuriating to you. All these ideologically driven libertarians, creating the future of finance and trade, while making a ton of money - and totally not caring what Stati
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by smokeyj 9y ago
> Because the hate has spilled over into the good communities as well. Is this really an issue? Are they going to /r/programming and dominating the conversation? Because I'm just not seeing it. I think that the quality of
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by smokeyj 9y ago
Honest question. Why do you care what people post online? The great thing about reddit is that you get to choose which communities you subscribe to. Your mentality is the equivalent of "I can't go to bed. Someone on the internet i
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by smokeyj 9y ago
> That argument is not exactly valid, because the concept of a block chain has been described a long time before it was used in "virtual currencies." The idea of a "block chain" had a name back then and it still has a
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by smokeyj 9y ago
I think it's people who already made a bunch of money on crypto that can't easily liquidate and are looking to hedge their risk no matter how stupid the coin.

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