Viewing profile — audleman

You're forgetting about difficulty adjustment. Every time mining gets more expensive large number of miners drop out. This causes the difficulty target to drop. The remaining miner…

I read this comment in the spirit of "you might not have known that K did much more that write awk, but he's a genius." Which I didn't know, so I appreciate the context.

> Blue lets you post really really long tweets. Thats potentially interesting and useful You mean degraded the user experience. People used to split their long-form thoughts out in…

This is up there with "you guys don't have phones?"

> If crypto poses a legitimate threat to that power and control, it is much easier to remove the threat than to adapt your system to it. In fact the opposite of this is happening. …

> None exist and unlikely any will exist in the future (at least not the type of countries many people would want to live int) El Salvador has already made Bitcoin a legal tender. …

And of course, like when China banned mining, they would simply pick up shop and move to another country. One with fewer regulatory risks.

To the contrary, as long as you can hold through the volatility window of about 4 years, you are better off holding Bitcoin. The price of a house used to be 100 bitcoin, then 10, n…

Which shows that it was the impact of pretending their currency hadn't been devalued that dragged them through a prolonged depression. Had they simply priced gold at its true value…

Why wait? It's been 15 years of Bitcoin outperforming every other asset. Nobody has found an exploit making the tech worthless, nor have competitors stolen its market share. Bitcoi…

Heroku is great until you need to do something non-standard in your deployment, like compile node and configure a python virtualenv in the same deploy. Then you have to learn their…

https://bitcoinmagazine.com/culture/bitcoin-dimensions-of-mo...

Doesn't a circuit breaker imply human intervention? The point of DeFi is that you get some code running on a blockchain then release control. No central point of control. How this …

> The highly centralized structure which transpired to make Bitcoin popular What centralized structure?

They are trying to build a physical/digital bearer instrument. Not a company, pure cash in your pocket. Of course the standards for security are higher.

I don't understand your point. If a stablecoin issuer has trouble compiling a list of their assets that's a red flag. If a competitor comes out with simpler accounting I'll switch …

In reality, only 13% of our planet’s population is born into the dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar or Swiss Franc. The other 87% are bor…

A little deflation discourages spending, a little inflation encourages it. A lot of either is ruinous. Your example is one with deflation at an average of 120% for a decade straigh…

If they made a bad investment and lost that 5% they couldn't ask their friends in the Bitcoin corporation for a bailout. No politician could write a few lines of code and grant the…

The ponzi part was not the root cause, it merely sped up asset accumulation until it became a ripe enough target. The root cause was the flawed arbitrage mechanism. It relied on al…

> Also, technically the value of UST was fully backed by LUNA And what was LUNA backed by? Unless somebody gives a better definition I'll say it was backed by two things. One was U…

Isn't the Fed taking directions from whatever administration is in power? Or do they have their own independent agenda? I think it's more the former, leading to a circular argument…

Once you've gone the container route you no longer even need to think about virtual servers. You can just deploy it to a container service, like ECS.

> if you get a receipt then you could actually try to reverse it Store puts up a 'No returns' sign, you have finality.

But the transactions were final, just as it would be if your employee stole the day's cash and escaped somewhere you couldn't find them. Reversible would mean you could press a few…