Earlier quoted context omitted.
Non-mining nodes still enforce the consensus rules. Miners can't just decide to increase the block size or change the total # of bitcoin to 42 million.
Non-mining nodes do not have the ability to change the block chain and therefore they do not affect the rest of the network.
Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
121–130 of 131 posts
Re: Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
#122Earlier quoted context omitted.
Read this as a comment from a cryptocurrency lurker. > Bitcoin Cash, which is the true bitcoin. I see this statement repeated often, to the point of sounding like a strategy of "if you repeat a lie enough, people will believe it". Isn't Bitcoin Cash the minority result of a Bitcoin fork? Isn't the majority result by definition the true Bitcoin?
Bitcoin cash is much closer to the original implementation by Satoshi Nakamoto. It's simply a much smaller, and IMO, cleaner codebase that just increased one parameter to achieve scaling. Bitcoin core (what we call BTC) has many more lines of non-Satoshi code that was added to facilitate off-chain scaling.
Re: Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
#123Earlier quoted context omitted.
True, but if you are going to be that paranoid how easy is it for you to take your gold across the border? “According to the Transportation Security Administration (TSA), it is legal to travel with any amount of cash or other monetary instruments in and out of the United States. However, you must declare your cash to customs if the amount exceeds $10,000 or its foreign equivalent.” http://traveltips.usatoday.com/trav…
If I had a need to do such things I'd probably hire a yacht or a light aircraft. Borders are very porous when you're not travelling in a "mainstream" mode of transport.
Re: Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
#124Re: Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
#125Earlier quoted context omitted.
Bitcoin cash is much closer to the original implementation by Satoshi Nakamoto. It's simply a much smaller, and IMO, cleaner codebase that just increased one parameter to achieve scaling. Bitcoin core (what we call BTC) has many more lines of non-Satoshi code that was added to facilitate off-chain scaling.
Bitcoin Cash is a non-evolving non-innovating whitepaper cult claiming to be btc because they believe btc should be exactly what was defined on a piece of paper 9 years ago, totally disregarding new/improved tech.
Re: Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
#126Earlier quoted context omitted.
While claiming the principles of Liberty for yourself (deciding what kind of "utopia" you want to be part of), would you deny that choice to others? This is perhaps what separates libertarians from liberals, conservatives, socialists, etc.: we simply do not deny others the liberty we claim for ourselves. If a monetary system that cannot be debased/controlled by government is available, does that not allow you to elec…
What libertarians deny is reality itself. Government is defined as a monopoly on violence. Non-coercive government is a contradiction in terms.
Re: Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
#127Earlier quoted context omitted.
While claiming the principles of Liberty for yourself (deciding what kind of "utopia" you want to be part of), would you deny that choice to others? This is perhaps what separates libertarians from liberals, conservatives, socialists, etc.: we simply do not deny others the liberty we claim for ourselves. If a monetary system that cannot be debased/controlled by government is available, does that not allow you to elec…
I hope one day we'll perfect space travel and be able to colonize the galaxy. Then for quite a while we'll have so many planets and resources that every human being could destroy a planet every day and we'll still have no fear of running out. In the unlikely situation where this happens and I'm alive to experience it, I'll be the most extremist libertarian you've ever seen. "You don't like this? Just create your own…
Re: Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
#128Earlier quoted context omitted.
What libertarians deny is reality itself. Government is defined as a monopoly on violence. Non-coercive government is a contradiction in terms.
What straw-man libertarians deny... what real libertarians do is agree with bounds on government power that respect the liberty of all,to as great an extent as possible while protecting the community from attack.
Re: Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
#129Earlier quoted context omitted.
What straw-man libertarians deny... what real libertarians do is agree with bounds on government power that respect the liberty of all,to as great an extent as possible while protecting the community from attack.
So slavery? cool? You're cool with slavery? Just want to be sure we're using the same definition of liberty here.
Re: Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin
#130Earlier quoted context omitted.
While claiming the principles of Liberty for yourself (deciding what kind of "utopia" you want to be part of), would you deny that choice to others? This is perhaps what separates libertarians from liberals, conservatives, socialists, etc.: we simply do not deny others the liberty we claim for ourselves. If a monetary system that cannot be debased/controlled by government is available, does that not allow you to elec…
What libertarians deny is reality itself. Government is defined as a monopoly on violence. Non-coercive government is a contradiction in terms.
Please keep generic ideological bickering off HN. It's always the same, therefore never interesting in the local sense of the word.