whiskers08xmt

9 ms·

31.
by whiskers08xmt 9y ago
The emission rate of most crypto-currencies is actually relatively high, the problem is that their value have been increasing faster than the coin supply have inflated. To keep value stable, you need an intelligent entity which can control
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by whiskers08xmt 9y ago
The open source nature of Bitcoin, makes sure that development can always be forked. We saw this as recently as with the creation of Bitcoin Cash, which forked form Bitcoin to implement bigger blocksizes, and which is not developed by Block
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by whiskers08xmt 9y ago
The problem with useful proof of work, is that the emission rate becomes very hard to control. In most PoW consensus algorithms, a difficulty parameter is constantly updated to keep the average block-time around 10 minutes. To do useful PoW
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by whiskers08xmt 9y ago
I wonder if Bitcoin is the perfect currency for the globalized world. I need currency to pay taxes to the state I currently live in, but if I'm a global citizen, not planning to be a permanent residence of any specific country, then do
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by whiskers08xmt 9y ago
Programming doesn't necessarily have to be job training. It can be useful, and even joyous, outside of a the modern office setting.
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by whiskers08xmt 9y ago
I suppose there exists a Nash equilibrium, where every actor can't act in a way that will decrease the effectiveness of the plan. Problem is that it's way too computationally expensive to calculate one for a 10 player Hold'em
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by whiskers08xmt 9y ago
The main source of savings in a single-payer system isn't simplified billing, but increased negotiating power on everything from drug prices to salaries. With that being said, I agree that if every US citizen should enjoy the quality o
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by whiskers08xmt 9y ago
Every robotic task tangially related to Auditing. I work with robotic task automation at one of the big 4, and it's really amazing how much trivial work that's being done by humans.
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by whiskers08xmt 9y ago
Depends on the cryptocurrency in question, but yes, a cryptocurrency working under a Proof-of-Work scheme like bitcoin, will use more energy than credit card systems. I'm not sure it'll ever be possible to outperform centralized,
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by whiskers08xmt 9y ago
This is not entirely true, as cash requires energy after it's been minted. Money transport, cashiers and gold old fashioned vaults all require energy. With that being said, PoW is definitely wasteful, and for crypto-currency to be take
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by whiskers08xmt 9y ago
How does PoS introduce trust into the system?
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by whiskers08xmt 9y ago
8mb blocks would mean that the bitcoin blockchain, would grow by 35 gigabyte a month. Compare this to the total blockchain size of about 120gb right now. This increases the cost of mining, by requiring miners to keep up on harddisk space. T
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by whiskers08xmt 9y ago
The fatal accidents where the driver didn't respond to the warnings his car gave him?
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by whiskers08xmt 9y ago
I think it might be because their are precendent for ICOs delivering amazing returns. Everyon wants to get in on "the next Ethereum", without realizing how rare opportunities like that are.
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by whiskers08xmt 9y ago
I think what the miners are afraid of, is that the power of the bitcoin network, leaves their hands and fall into the hands of second layer operators. At the same time, a higher blockchain size would make it less profitable for small miners
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by whiskers08xmt 9y ago
What would be an acceptable percentage to pay? Are we talking 10% or 2%?
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by whiskers08xmt 9y ago
How would inter-operability differ from sharding? Is the difference that sharding only works with a specific blockchain technology, and inter-operability could connect multiple, technologically different, blockchains?
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by whiskers08xmt 9y ago
What do you mean by bitcoin is not supposed to improve over time? There's active development going on, even with bitcoin. It's currently hampered by politics, but if you look at the crypto currency space as a whole, developers are
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by whiskers08xmt 9y ago
There was a case in Denmark, where a large real-estate agency, was forced to pay damages, caused by keeping a large real-estate listings website, from scraping their listings.
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by whiskers08xmt 9y ago
I wonder how different the ROI is between college degrees. I could see a large number of degrees having practically no ROI, compared to just entering the labor market, while others will be more substantial.
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by whiskers08xmt 9y ago
I think both security and productivity is thought about. Having a domain specific language, built with block chain deployment in mind, is definitely useful.
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by whiskers08xmt 9y ago
Wasn't ARPANET started as a project where individual communication nodes could fail, and the message could still arrive? Military technology generally needs to be reliable, which makes it a good fit for civilian use as well. Of course,
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by whiskers08xmt 9y ago
~3.6% of total tax revenue is nothing to scoff at.
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by whiskers08xmt 9y ago
I think there'll be an economic incentive for at least miniaturizing battery cells, while keeping capacity. Even if there is a limit to EV range, where consumers simply won't be interested in cars that go much further, reducing th
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by whiskers08xmt 9y ago
While only solving the storage part of the equation, checkout projects like Sia Coin[0] and Storj[0]. Both of them aim to provide hyper-competition for storage space, through the use of blockchain technology. I think a future, where multipl
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by whiskers08xmt 10y ago
I don't think hackers outside the establishment have that kind of power, but cybersecurity is the frontline between super-powers in the 21st century. I wouldn't be surprised if we have a kind of Stanislav Petrov[0] figure, who&#x2
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by whiskers08xmt 10y ago
There's an interesting project called Solar Coin[0] attempting to do this. I'm not too sure how it relates to crypto-currency, though. [0] https://solarcoin.org/en/front-page/
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by whiskers08xmt 10y ago
I think the important difference is killing people when running as intended, versus killing people when disasters occur. In a way, a Nulcear power plant is similar to dam; when the dam breaks, it's a serious disaster, but as long as it
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by whiskers08xmt 10y ago
Nuclear weapons disarmament is a political problem, and Musk primarily works within the realm of engineering. Besides, game theoretic arguments can be made against nuclear weapons not being much of a threat at all.
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by whiskers08xmt 10y ago
It's not all of Europe which has strict laws about firing people. For an example, the Danish concept of "Flexicurity"[0], where the state protects the worker against the financial trouble of getting fired, but not getting fir

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