Viewing profile — riptheworld

No one is arguing that collision resistance and proof-of-work are the same things? The security of a PoW relies on collision resistance. Do you see the difference? It's subtle. Cha…

This is literally proof of work. I don’t know what else I can do to explain that Bitcoin’s immutability property is directly parametrized by the security level in the PoW mechanism…

You are moving the goalposts. I described a mechanism that addresses link rot in the current NFT ecosystem. The hash-based method allows an owner to efficiently prove what content …

> What would happen in practice? People would notice. A fork will be decided. There's nothing in the Bitcoin protocol that explicitly prevents a longer and valid chain from being a…

> But it is not PoW that makes the blockchain immutable. A lot of people are saying that, but they're wrong, I'm sorry. You are incorrect. The proof of work mechanism is central to…

Correct. But this specifically solves the problem at hand. Rather than storing an entire image, video, etc. on the blockchain, you store a concise representation of that content. T…

I agree that the current NFT ecosystem is a house of cards, e.g., the susceptibility of NFTs to link rot. That being said, I think the ecosystem will evolve to a having a more robu…

Ahh I see! Thanks for the clarification!

You could use existing trusted lending Institutions, no? Investors can loan their excess Bitcoin to a lending institution that pools Bitcoin from multiple investors and loans it ou…

You can trustlessly verify the entire Algorand history by verifying it yourself (same as Bitcoin). However, almost all blockchains (including Bitcoin) will suffer from this problem…

Bitcoin’s throughput is limited as a function of network security and network delay. It has nothing to do with making it easier for clients to sync with the current state. You can …

Oh sheesh. No one said anything about Bitcoin miners voting. I was simply pointing out that centralization of mining power (which has already happened in Bitcoin) has essentially t…

You’re confusing a layer 2 solution that provides separate (and weakened) transaction assurances than the Bitcoin protocol itself. This is evident in the fact that the lightning ne…

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I'm not sure what you mean when you say that Bitcoin can scale by using 3rd party payment providers? Any Bitcoin transaction will only ever be as fast as the underlying blockchain,…

Cryptocurrencies as a whole are an amazing innovation. It’s sad though to see people rushing to adopt things they don’t fully understand, and getting hurt as a result. Bitcoin and …

Perhaps I can convince you with a more philosophical argument. Private communication is essential for freedom of speech. I may not speak freely with my friends or family if I belie…