Viewing profile — cryptodogemoon

zk proofs supposedly resolve that issue. monereo, zcash, and eventually ethereum the concept seems to make sense but I'd be curious how to audit such an obfuscated system

How foreboding! https://priceonomics.com/when-the-great-alpaca-bubble-burst/ (1) The asset not the product is the thing being marketed (i.e. live alpacas, not fiber) (2) investors …

this assumes trusting a 3rd party wallet to not generate weak keys or backdoors, as has happened many times already if you're concerned about security just use the official client

Cryptocoin exchange rates are largely defined by pump and dump whale gangs spreading rumors and luring in novice investors. [0] https://news.ycombinator.com/item?id=7126153

It's clearly malicious. Satoshi could have used a linear growth curve. Instead he used a log curve, giving himself and the smallest user group possible (first users to run the soft…

Production costs of 50BTC per every 10 minutes has historically been a fractions of or a few pennies. Only for later users has the cost gradually increased. The way you and many ot…

Bitcoin is inflationary until the year 2140, and assuming no fork changes that sooner. If you actually understand Satoshis algorithm and history you'll take notice at how the suppl…

It's forever part of Bitcoins orgin story that it begin as hyperinflationary and has since slowed the minting of more BTC. The irony is the mythos of bitcoin being "deflationary" i…

Fun fact: Bitcoin is designed as a hyperinflationary currency that begins to slow down inflation as more users join and time passes. Why? To control the supply early and exploit la…

A linear distribution curve that matches work/watt input. This modestly levels the playing field, although it simply allows existing capital to match the input/output. Satoshi styl…

Not with Bitcoin. Satoshi designed the supply to rapidly mint the majority of coins to the smallest group of users for the least amount of effort/capital/work input. It's designed …

Banks safeguard your deposit and offer significantly more services than Bitcoin. A better comparison to energy usage would be other distributed computing systems. Bitcoin is insane…

For such an extensive academic course it's interesting the economic model of Satoshis mining algorithm isn't explained. Satoshi used a production model that produced the most amoun…

Satoshi's mining/minting algorithm is manipulative by design. Less computational energy and the least amount if users produced the most coins (for minimal external capital input). …

Why bother attempting to patch on layers on top of BTC when it's already centralized with ASIC farms? Start fresh. Early adopters of BTC are trying to con new users into buying coi…

Who controls the production of such a system? Currently tether is presumed to be manipulated by its maintainers. https://medium.com/@bitfinexed/latest

The mining algorithms are the source of the supply, the most important element. There are many other blockchain designs now, so Bitcoin is already obsolete.

What?.. All versions of Bitcoin share the exploitative inverse log curve for distribution and work input. Bitcoin cash further changed the difficulty algorithm to benefit ASIC mine…

>People .. ridicule cryptocurrencies, dismissing bitcoin as a scam, a Ponzi scheme or a bubble. >Wealth disparity is at record levels and the ultrarich have cornered the market on …

Why would anyone buy more new tethers @ $1 when they're selling for less than $1 at Kraken?

The hash power that left BTC for BCC momentarily around early November was conveniently 60%. One can imagine the ability of China to mobilize capital infrastructure to dominate min…

It sounds like you're fantasizing about anarcho-capitalism? What type of system do you think cryptocoins facilitate? https://www.newyorker.com/humor/daily-shouts/l-p-d-libertari...…

It's called wash trading, and it's what's allowed Bitfinex to falsify trade volume and increase the spot price like MTGox did with the wiley bot. https://medium.com/@bitfinexed/lat…