wildsatchmo

5 ms·

1.
by wildsatchmo 5y ago
Here is CSW's original claim that Bitcoin is Turing complete that took many by surprise including Nick Szabo. They heard it as you did, specifically addressing Bitcoin Script. He immediately corrects them: "The difference is that
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by wildsatchmo 5y ago
You're conflating (intentionally?) Bitcoin the system vs Bitcoin Script. Nobody claims the Script in a vacuum is Turing complete which is important and by design, including the article which clearly says "Each step in running the
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by wildsatchmo 5y ago
Twetch is an experiment in exactly this. Pay to like, comment, "branch" as they call it (retweet). pow.market is another fascinating experiment using proof of work as the currency that could be integrated into these platforms. ctz
4.
by wildsatchmo 6y ago
I'm here collecting downvotes in exchange for hard truths. Could have paid to put the data on chain for less than the cost to settle the purchase of this luxurious immutable broken link. BSV is much better low level technology for this
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by wildsatchmo 6y ago
You can't draw attention to it. That might raise even more questions about the net effectiveness of continued lockdowns.
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by wildsatchmo 6y ago
Even if I did provide you some report showing banks use more than Bitcoin (which is still true for now) it's only a fraction of the big picture. Although banks are a good example of this effect, Bitcoin doesn't JUST improve bankin
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by wildsatchmo 6y ago
I agree. I think makes them more efficient, and less important for some of their common use-cases. All of that mining equipment is infrastructure they don't need.
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by wildsatchmo 6y ago
Funny nobody complains about the energy consumed by actual banks and other services Bitcoin would replace, which is much higher. In those circumstances they can understand it's not a waste at all, but a cost of providing a valuable ser
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by wildsatchmo 6y ago
A friend has built a client with inbox economics in mind at https://baemail.me It doesn't use email but paymail which is a protocol for email-like payment addresses. - messages include some Bitcoin SV - inbox sorted b
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by wildsatchmo 7y ago
Bitcoin XT is a an old client, not a chain. Bitcoin Unlimited is a group of developers, not a chain. Bitcoin Gold doesn't even use the same hash algo, is an unrelated airdrop. There are only 3 sha256 Bitcoin forks. BTC, BCH, BSV BTC ti
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by wildsatchmo 9y ago
Exactly. Price aside, the growth is insane. Things are being built. Merchants are coming back online. Within a few months the sentiment will start to change for BCH.
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by wildsatchmo 9y ago
> How? By simply eliminating intermediaries. A middle man always takes a cut somehow. If you can eliminate him, both parties can enjoy better rates. Here are some non vague ways blockchains can help real problems: - What if a kind of you
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by wildsatchmo 9y ago
If you think the desire for sound money is weird you'll never understand why we need bitcoin. The hard core gold bugs in the Libertarian forums circa 2008 STILL don't trust bitcoin because they can't hold it in their hand. Yo
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by wildsatchmo 9y ago
This one makes me a little sad. I was very into bitcoin and blockchain ideas early on and the ICO fever has poisoned the well a bit. The money is attracting the types you're describing but IMO the only people who knew anything about BT
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by wildsatchmo 9y ago
The best practices I'm talking about are built into the client software and a user doesn't need to know about them (new address per transaction already happens in most wallets). Again, totally not claiming linking ids isn't a
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by wildsatchmo 9y ago
There are actually lots functional proof of stake coins like byteball and NEM for example (but I share your skepticism about long term viability of proof of stake BECAUSE it doesn't cost anything). I think the energy "waste"
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by wildsatchmo 9y ago
While this is correct, for that to be true a person would need to be using the same wallet address for every transaction which is contrary to default wallet behavior / best practices. I think people conflate the side effect of KYC regu
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by wildsatchmo 9y ago
Looking at all these pessimistic comments I can't help but wonder if this is what the op eds in the newspaper looked like while the internet was being built. "its too slow, and even with our best compression transferring a movie w
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by wildsatchmo 9y ago
A blockchain is like a big spreadsheet. It's not going to be anonymous if you start typing identifying information into it, but it certainly gives you the option of being anonymous if you care to do so. In contrast, you cant make a ban
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by wildsatchmo 9y ago
There are some blockchain based systems in the works that may help with this mess. If a middleman can be removed, content creators could publish directly to p2p networks without losing the ability to earn money from their contributions. Ins