Viewing profile — cryptobeanbaby

You realize Bitcoin/Ethereum are simply computer software right? And you missed the essential caveat; aprox 4.11% of Bitcoin addresses control 96.53% of all BTC in circulation. Thi…

Mining pools form due to the transaction costs of decentralization. Better explained as a result of the mining protocol being winner takes all, and is granted write access authorit…

Technically the Ethereum network is majority owned by Vitalik Buterin and the folks who payed 0.50 USD (likely much less, if paid in BTC mined earlier). 72,009,99 of the 101,684,29…

To quote a prior Senate Minority Leader Tom Daschle on the floor of the Senate: "How long would it be before you saw traders investing in a way that would bring about the desired r…

It looks like Augur has no way to validate the "REP holders" though? This means a sybil attack can be launched by anyone behind the Augur project (assuming they set aside large res…

Worth mentioning, Bitcoin and Satoshi style Proof-of-Work doesn't actually solve the Byzantine General's Problem, it merely creates a lottery system that allows anyone with a large…

There's no point in doing that, because if you can do that you can do $$ $$

https://www.stellar.org/blog/bitcoin-claim-lumens-2/ https://www.stellar.org/about/mandate/ Lumen Distribution >At the genesis of the Stellar Network, 100 billion lumens (XLM) were…

XLM was "premined" (instantly generated for free) and distributed to the established "wealthy" userbase in an effort to get them to tell outsiders to buy in. It's like some evoluti…

what happens when one of these large mining operations in China/South pacific/etc target this network and begin accumulating all the handshake "coins". How would someone 3 years fr…

Why is a Proof-of-Waste blockchain necessary for this? We already have https://www.eff.org/observatory , and anyone can run a DNS server for free.

It looks like the dev team has already anticipated a SHA3 based ASIC design as a threat to monopolize control over the Handshake protocol. Guessing an insider on is hoping to explo…

Ah yes, like how Coinbase told its investors that Bitcoin is great for money laundering and bypassing sanctions? Immune to country- specific sanctions (e.g. Russia-Visa) http://fre…

Why would anyone pay (..with software tokens) for your system when they can use the existing internet, Bittorrent, Freenet, TOR, and so on for free? If you want an example of an an…

Thank you for replying dang. Transparency in moderation here at HN is immensely appreciated and respected.

>It's unclear what amount of correlation - if any at all - exists between miner control.. Manipulation of arbitrage and suppression/prioritization of transactions. This was demonst…

Are you suggesting that manipulation is okay, if it has historically happened in a regulated market?

>"For example, trading in bitcoin is electronic, which facilitates competition and price transparency." One of the main reasons this ETF was rejected is because many of the major e…

If you're suggesting cryptocurrencies like Bitcoin or Ethereum would replace fiat, then I have a new cryptocurrency to sell you.

i.e. recent news about the Ethereum based Augur prediction markets being used to place bets that would incentivize murder and terrorism have been removed from the front page. Simil…