sparkie

67 ms·

601.
by sparkie 6y ago
HODLing is using bitcoin. It is probably the primary motivating use-case for it. To HODL is not necessarily to speculate, but simply to save money . Money is multi-purpose, and saving is a valid use case as much as spending is - although m
602.
by sparkie 6y ago
There are some things which aren't predictable, such as how many miners are going to drop out of the race given their potential revenue has just been chopped in half, with no corresponding doubling of the BTC/USD exchange rate. So
603.
by sparkie 6y ago
There is no official bitcoin blockchain. There is only the chain with the most accumulated work, and orphan chains. Anybody attempting to remove a limit which may cause the holdings of all bitcoin users to be devalued will simply be ignored
604.
by sparkie 6y ago
> The fact that my editor doesn't have this is a feature for me. I want something with a clickable GUI that syncs to my phone, gives me reminders, and can be shared with coworkers when necessary. Check out Orgzly from F-droid repos.
605.
by sparkie 6y ago
If it's not bitcoin, it does not inherit the fix for inflation. If you have a useful innovation, it is possible to deploy it as a bitcoin sidechain, or colored coin on bitcoin, which retains the fix for inflation (no need to create new
606.
by sparkie 7y ago
The economies are not separate. The essence of what you described is what was laid out by Cantillon, in what is now known as the "Cantillon effect"[1] > "If the increase of hard money comes from gold and silver mines withi
607.
by sparkie 7y ago
> and therefore the purchasing power of U.S. dollars will be 2/3 of what it used to be? Pretty much, yes. The price of goods are going to skyrocket over the next 6-18 months. > If your nest egg is mostly in cash right now, what s
608.
by sparkie 7y ago
Biometrics represent identity and not authority. This misconception will be the cause of many a security fail during the 21st century. Authority comes from the user's mutable grey matter - not their immutable genetics.
609.
by sparkie 7y ago
Bitcoin's BIP32 (Hierarchical deterministic wallets) could be part of a solution. Currently they're used for bitcoin wallets, but they are more generally applicable for creating hierarchies of private/public key pairs, not ne
610.
by sparkie 7y ago
> Some self-proclaimed libertarians oppose socialism so furiously that they view right-wing dictatorship as being a better option. Personally, I'd say that people like that are not libertarians at all, but they continue to self-iden
611.
by sparkie 7y ago
Does "socialism" ever mean "free-market capitalism"? It often seems that libertarians are on the receiving end of the "Nazi" label because they object to socialism or government intervention in markets. It was
612.
by sparkie 7y ago
There's a wikipedia article: https://en.wikipedia.org/wiki/Community_interest_company giving an overview. The full details are all on the gov.uk website. Specific points about political activites covered in legisl
613.
by sparkie 7y ago
There's a kind of social enterprise in the UK called a CIC, but the requirements to open a CIC essentially say that it can't have any political nature to it - in other words, you can't criticize or disagree with the governmen
614.
by sparkie 7y ago
I deleted part of comment above because it was in no way intended to begin an argument about Nazism nor associate it with anybody in particular. I'm not qualified to speak on the subject. I see the word Nazi used all too often where i
615.
by sparkie 7y ago
@z3rgl1ng - replying here as yours is marked [dead] > Bitcoin > saving without making risky investments > I’m sorry, what? Glad you asked, you heard correctly, but I'm not sure you understand the nature of money. Storing wealt
616.
by sparkie 7y ago
The galaxy system does indeed seem like the weakest link of Urbit. I personally fail to see how 256 actors, even if we generously assume are all distinct, is much better than the small handful of actors who control the IP address spaces or
617.
by sparkie 7y ago
> Where are the resources for understanding why useless "proof-of-work" wankery burns electricity and CPU cycles that could be spent folding viral RNA in simulation or doing pattern-recognition DSP on radio-telescope data or so
618.
by sparkie 7y ago
It is indeed anti-efficient by design, because it is intended that the cost to attack needs to exceed the cost to run, otherwise, it would not be secure. It happens that some people care about sound money enough that they need the security
619.
by sparkie 7y ago
> So you don't like governments being able to have fiscal tools in times of crisis like now. Precisely. It's not just "times like now," but is all of the time. The tool has not stopped being used, even in times of pro
620.
by sparkie 7y ago
It doesn't. There are enough "bitcoin maximalists" that developers attempting to modify the bitcoin protocol in ways which aren't widely accepted would be metaphorically hanging themselves. We've seen plenty of them
621.
by sparkie 7y ago
It's not a zero-sum game. The consumer benefits by not having to spend their time doing research and configuring routers they buy themselves. If there is sufficient margin in installing and configuring routers for individual consumers,
622.
by sparkie 7y ago
Not if you want to pump and dump a stock.
623.
by sparkie 7y ago
Guix has partly answered that question. Scheme (Guile) is used for nearly everything - package recipes, build instructions, service configuration, OS configuration, etc.
624.
by sparkie 7y ago
The smartphone wasn't a new invention - but a continuation of the mobile phone. Mobile phones had already hit mass adoption in the developed world before the smartphone appeared. People knew what they wanted because they were already
625.
by sparkie 7y ago
Bitcoin isn't "unstable". It's very stable, as money is released on a very predictable and predetermined schedule. You know precisely how much inflation is going to occur and when it will end. The only "volatile&quo
626.
by sparkie 7y ago
> The internet and smartphones were popular and we understood the applications. Who is "we?" A small group understood the applications early on and was way ahead of the curve. Obviously costs coming down in the 90s enabled a wi
627.
by sparkie 7y ago
The history can be managed by having every log entry be hashed and each new entry refer to the previous hash. Each time the log is updated, the new hash is reported to the vehicle authority, which can prevent modifications to the history. N
628.
by sparkie 7y ago
- You owe somebody money and a court declares that you pay up and uses a legal warrant to take your car as collateral. What use is your internet token now? The problem with tokens which merely proxy ownership of something else is that this
629.
by sparkie 7y ago
> It didn't take us 10+ years to find a useful purpose for smartphones or the internet. It took decades before the internet and mobile phones had any significant market penetration, and then within the space of a few years there are
630.
by sparkie 7y ago
The problem here is that the ledger is public - and there exists few wholesalers who want their customers to learn who their suppliers are. So the ledger must by design, anonymise each entity involved. If you anonymise each entity, then eve

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