tCfD

14 ms·

91.
by tCfD 9y ago
Bitcoin (or more specifically, the purchasing power thereof, which is what matters when you are using it as a store if value) gets arbitrarily confiscated too, except it's called "whales dumping" instead of "government s
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by tCfD 9y ago
I suspect that much if not all of blockchain consulting (including bitcoin) will be regarded as opportunistic charlatanry by future historians. Blockchainism is the alchemy of the internet age: a long, costly and (in the short term) counter
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by tCfD 9y ago
The stewards of Bitcoin and cryptocurrency messaging have done a fantastic job persuading the popular finance and technology influence classes that cryptocurrency is nothing less than a new internet- scale revolution. The corollary implica
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by tCfD 9y ago
Think about the less obvious challenges involved with getting a picture to match up with an older version of the same shot. Simply looking at an old photo does not always tell you much about the lens, focal length and aperture used, or the
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by tCfD 9y ago
What's the long term value of paying for highly redundant, (yet highly gameable) custodial tracking of a piece of digital media when a dozen competing blockchains can be flooded by a hundred perfectly identical looking fakes made by al
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by tCfD 9y ago
> Bernie Madoff x 10,000 And they say crypto isn't decentralized!
97.
by tCfD 9y ago
Another phrase, perhaps along the lines of "probability of bet" would be a much better term than "proof of work" given that the reason the energetic commitment of work matters at all is that it represents a finite unit
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by tCfD 9y ago
This is exactly what is happening. "Blockchainism," a vague and shifting set of shared assumptions about voluntary custodial risk/reward sharing, vs "a blockchain", a particular encoding of a particular subset of th
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by tCfD 9y ago
You know BTC-e no longer exists and was replaced by a clone called wex, which is linked to a domain in a five eyes jurisdiction (new Zealand), right? Exchanges are a de facto part of every cryptocurrency protocol, you cannot avoid exposure
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by tCfD 9y ago
In the crypto space this practice is so common it has earned it's own name, the "exit scam"
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by tCfD 9y ago
Appearing to is good enough. Just as it funds and underwrites altcoin hustles. Need to lure in $1MM of real money to your ICO? Pay an old school bitcoiner to move $10MM to an address you claim to control and call it organic market interest.
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by tCfD 9y ago
Old transaction outputs will be worth more at very least because future forks will try to legitimize their distribution as being, at least, no worse than Bitcoin by cloning its blockchain. Though that tactic may have run its course by now,
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by tCfD 9y ago
So I guess the takeaway here is that the secret ingredients to bitcoin's success have been facilitation of crime and corruption by obfuscating the agency principal relationship, thus concentrating wealth in the hands of the corruptible
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by tCfD 9y ago
*Iteratively, TIL mobile app has no edit
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by tCfD 9y ago
It 'solves' the computer science BGP only by reframing it as a decision science problem and iteravely testing a particular hypothesis about the supremacy of personal enrichment over all other incentives in a giant, uncontrolled pu
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by tCfD 9y ago
Isn't the very definition of a bubble is that the speed at which the market gets wise is always outrun by the speed at which it gets greedy?
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by tCfD 9y ago
Brin and Page themselves tried to sell Google to excite.com for less than $1MM in 1997. Luckily for them they got turned down. Hal Finney stopped mining coins after it started overheating his PC too often. Would he have done this if he beli
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by tCfD 9y ago
If you subscribe to the Bitcoin in-universe dogma that views committing fraud and extortion as something that central banks and governments do, not what free market actors entering into voluntary contractual agreements with one another (whi
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by tCfD 9y ago
Committed ideological Bitcoin supporters commonly believe in a network effect race condition spiral they call 'hyperbitcoinization' which models a world where a sort of event horizon in market adoption had been crossed, and everyo
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by tCfD 9y ago
bitcoiners in 2012: "Bitcoin will eliminate the wall street banksters!" Bitcoiners right now: "OMG Goldman is getting in, who's ready for their moon rocket?"
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by tCfD 9y ago
This thread nicely illustrates the difference between a computer engineering and computer science perspective.
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by tCfD 9y ago
That's how I heard of them referred to since at least the early 90's, as processor-in-memory. I didn't know memristor was referring to the same concept.
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by tCfD 9y ago
Is there a specific project you are referring to here? I'm very interested in the earlier history of research that tested the premise of global-scale decentralized control.
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by tCfD 9y ago
Obvious fix is for IBM to put Watson on a blockchain /s