zby

56 ms·

661.
by zby 9y ago
If it is shallow than maybe it should not be called deep? :)
662.
by zby 9y ago
"It's bullshit that doesn't strike at the heart of the problem." - so what is the heart of the problem and what would strike at the heart of it? I don't see any convincing answers in the rest of your comment. You ri
663.
by zby 9y ago
I agree with your thesis that we are in an uncharted territory - but predicting that Google and Facebook are going to be obsoleted soon does not follow from this. The problem with social media is that they can control how we think and in pa
664.
by zby 9y ago
"Luckily, the politicians in Germany and Europe wake up. They want to build up European chip and hardware facilities to have the full chain in Europe. Also they plan to demand certification and customer visible labels. Finally!" S
665.
by zby 9y ago
My bet is on DPOS systems. They will not be as decentralized - but at at least they should be practical. But it is also possible that Lightning (a second layer over the bitcoin base) will prove to be a good solution.
666.
by zby 9y ago
So far IOTA is centralized, it relies on snapshots. It is just my intuition - but it does not look like "the tangle" could ever be decentralized - there is just no mechanism that would protect the network from bad actors.
667.
by zby 9y ago
What does it mean that a factor is the most important if all of them are necessary?
668.
by zby 9y ago
I think bitcoin will eventually be replaced by a PoS coin: https://medium.com/@zby/proof-of-stake-can-be-cheaper-than-p...
669.
by zby 9y ago
Ecash has privacy.
670.
by zby 9y ago
That is true for one meaning of blockchain - what I observe is that blockchain became a great case of a https://en.wikipedia.org/wiki/Floating_signifier In particular most of the 'serious' business people do
671.
by zby 9y ago
That might very well be true - as blockchain these days can mean just about anything related to cryptography.
672.
by zby 9y ago
When you are on a safe playground you don't need to watch your child all the time. I read books at that time.
673.
by zby 9y ago
The problem is that bitcoin cannot be a currency - because it cannot facilitate more than 7 transactions per second, this is many orders of magnitude not enough for a currency. It can be something similar to gold - mostly a value store. But
674.
by zby 9y ago
Proof of Time is actually Proof of Intel (or any other company providing the trusted hardware).
675.
by zby 9y ago
I totally agree that this is insane - but it is not much more insane than what we do with gold, we dig it from the ground and then put it back to sit in underground vaults. Still I guess gold is much more reliable as a store of value:) htt
676.
Gobo – user controlled social media filter/feed(medium.com)
1 points by zby 9y ago|0 comments
677.
by zby 9y ago
There are some speculations about ICOs founding things that are needed but are not founded now - like Open Protocols and Open Source software working with them. It might not be a good mechanism for extracting the value - but the others are
678.
by zby 9y ago
Maybe we should mandate that a reasonable source code is deposited somewhere?
679.
by zby 9y ago
I was commenting on only the one argument that I quoted. That one is prone to be invalid because of survivor bias.
680.
by zby 9y ago
> I also don't recall Russian ops having OPSEC this good Survival bias
681.
by zby 9y ago
> One of the strengths that's getting overlooked here is that crowd-sourced news seems to be more reliable than news from any one source. That was true before people learned how to game the system.
682.
by zby 9y ago
The real problem is that when miners are competitive they'll always add cost (in electricity, equipment and whatever) up to the level of the revenues. So if you have a block reward - it will approximate the cost of the system. There is
683.
by zby 9y ago
Bitcoin might become an 'internet gold': https://medium.com/@zby/proof-of-work-8d8265def194 Moving a kilogram of gold from one part of the world to another would already be more expensive than sending equival
684.
by zby 9y ago
At least you can buy pizza!
685.
by zby 9y ago
To be useful money needs some reasonable market cap - because it could not store or move too much value without that.
686.
by zby 9y ago
6 years ago it was already too late for CPU mining (at least after March when I tried it).
687.
by zby 9y ago
Another theory is that government was needed for building and maintaining irrigation systems in Mesopotamia and Egipt and then in China.
688.
by zby 9y ago
Yeah - I agree EU software is the safest option: https://medium.com/@zby/the-safest-option-is-eu-software-abc...
689.
by zby 9y ago
I cannot find it now - but I am sure that he wrote somewhere about competing currencies and lateral inflation.
690.
by zby 9y ago
I have a rule to keep all my personal life off the internet and use it only for intellectual and public life. It is impossible to follow it strictly - but I manage to do it most of the time. I think it alleviates much of the problems descri

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