Viewing profile — ryebit

I don't think that invalidates the quote. It's how I came across it in the first place. I think economists are well aware of the nature of the beast they're studying. And even if d…

IMO, economics is an area that will continually be hampered by models that don't fit, and increasing complexity. Any model that predicts things simply and well, will be gamed; thus…

Deploying via IPFS might also work? Though it'd require having a trustworthy backend storing state ... or I suppose auditing to ensure backend can't inject anything malicious into …

In addition to BIP39 cited below, the EFF also published some useful wordlists a few years ago... https://www.eff.org/deeplinks/2016/07/new-wordlists-random-p... One has the nice p…

To clarify: I don't think proof of stake is perfect. I think the original pie in the sky dream, as hinted at in the Bitcoin white paper, was for decentralization through anyone (al…

History of stuff like Antminers has been stages of private access, high end market, then low end ... But while products are moving down those stages, more wattage-efficient ones ar…

Except under mining, increased investment opens up access to better equipment like ASICs, access to cheaper energy agreements, etc. But no amount of $ unlocks the ability to valida…

Reversibility could probably be added on top via smart contract if someone wanted to provide the service, and people trusted the third party. But you can't make a trustless exchang…

Thank you! That's... well, beautiful isn't the right word, given nature of example... But I was hoping to find a simple non-ergodic example. The situation the article explores was …

Ethereum is working to address a lot of those points. When it switches to Proof of Stake (beacon chain is already live), energy costs will drop significantly (talking That means ne…

Not to find a solution, it was already found. The roadmap plan was always to switch to PoS, the miners and PoW were always temporary until it was developed / ready. Now the beacon …

I've had the Droid48 app on my android phone for years. It's a little unstable, hope author updates it. But it's so awesome to have a 48GX available whenever, while my real one sit…

What would a successful attack even look like? My understanding was that malicious validator has to publish votes for two different blocks in one round; which then can be used to s…

That's pretty much describing Ethereum (once it finishes switching to PoS in the next year or so). Popularity wise it's already doing way more than others in txn or $ volume. It's …

Going a bit further, once an object has been confirmed as alien, then it's not really "Unidentified" anymore, now is it? Almost a linguistic catch-22 version of the "ATM Machine" p…

I'm not an expert at the mechanism design, but yeah, that's my understanding. The network's goal is to have a block every X seconds; and the difficulty periodically adjusts if bloc…

Ethereum's Proof of Stake "beacon chain" is already live, with around $6 billion staked (since launch in december 2020). Next year is just formalizing and testing it taking over fr…

Pretty much, from what I can tell! I sorta see this as Nvidia trying to create some market segmentation not for the miners, but so gamers can actually get their cards before Nvidia…

I think right now biggest earner for GPU mining is Ethereum. And (I think) it's aiming to move to Proof of Stake sometime in next 12-24 months, which kinda time limits the utility …

Just to expound on that point here. While Tether's bank accounts being private is a problem for auditing, even if that were removed, you'd still have to somehow "snapshot" all the …

Not OP, but USDT / Tether is an example of something which exists as a proxy for something off-chain; so auditing the chain is obviously not going to work to see how much USD they …

Good Lord, that's a great idea. They'd be able to sell the shares in no time. Soon as it hits public I'm sure a ton of folks who just invest in everything semiconductor would just …

Linux Mint has even removed snap, which is impressive since they're downstream from Ubuntu. After hearing some of the issues with it (here and elsewhere), I'm kinda grateful to the…

Per other responses, they frequently do charge a special fee (I think Aave charged around 0.09% at one point but can't find good ref right now). One interesting thing I think is st…