It’s probably some hacker who wrote open source windows encryption software who had a real need to transfer money internationally outside of traditional banks. But what do I know.
I Am Not Satoshi Nakamoto
171–180 of 185 posts
Re: I Am Not Satoshi Nakamoto
#172Earlier quoted context omitted.
I've run my own e-mail for the past 20 years, including setting up DKIM and all of that. Why do nearly all of you use some corporate service like gmail?
Convenience & (for me personally) superbe sender reputation and spam filtering.
That was a rhetorical question really.
Although I think we do need trimmed down easy to use personal/home mailservers/dnsservers -- which are easy to deploy and configure and totally inappropriate for running a Fortune 500 company -- and those need to be incorporated into consumer electronic boxes (similar to a home NAS) to make them easy to deploy to dramatically drop the barrier to ditching gmail.
I've also never had an issue with sender reputation -- but I have an .org domain and its run DKIM+SPF for years so the last time I got forged bounce spam must have been a decade or more ago. Sender reputation is probably a bit overblown and possibly even a bit of a lie by google to keep you locked into gmail. If you are in a TLD that people have to trust and have a domain which is secured, then your e-mails will go through, even if your mail volume is low.
Spam filtering is a bit annoying though, DNS blackhole lists tend to shitcan quite a bit of necessary e-mail that some neckbeard has gotten themselves in a twist over.
Re: I Am Not Satoshi Nakamoto
#173Earlier quoted context omitted.
Isn't that really bad though? I paid for a VPS with my credit card recently. The transaction appeared to complete instantly. No 25 dollar transaction fee, no multiple hops through different software interfaces, just click and done. If it turned out the VPS company was a scam, I could've made a single phone call and reversed the charge saving my money. Crypto is slower, more expensive, and less safe. True, it's only e…
> No 25 dollar transaction fee to be fair, in your case there was also certainly a transaction fee, paid for you by your merchant (and probably rolled up into the price of the product)
Sure, and it also wasn't anywhere near 25 dollars.
Re: I Am Not Satoshi Nakamoto
#174N akamoto
SA toshi
Re: I Am Not Satoshi Nakamoto
#175Earlier quoted context omitted.
This is the whole thing with crypto. The only benefits thus far that have come to widespread fruition are illicit purchases and speculation. For it to be broadly accepted, it has to lose the rest. Anonymity? People are unsurprisingly very in favor of KYC so we can apply anti–money laundering and terrorism laws. For it to be trusted you have to insure deposits. Those fly-by-night exchanges going poof with everyone's c…
Another thing I feel would be a flaw is the inability to increase and decrease the money supply - something central banks often do with fiat money to stimulate the economy. Most crypto currency seem proud even that they can only deflate … which is the worst thing for a currency since it will just result in hoarding and ever decreasing economic activity (AKA deflationary spiral) - at the end of the day, economic activ…
> Another thing I feel would be a flaw is the inability to increase and decrease the money supply - something central banks often do with fiat money to stimulate the economy.
Preventing that type of manipulation might actually be the motivation for Bitcoin's creation. Satoshi embedded the text "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" into the first coinbase in the blockchain¹. Inflation is a tax on savings that similarly benefits the money manipulators at the expense of common people with less control of the currency.
Re: I Am Not Satoshi Nakamoto
#176Earlier quoted context omitted.
>People tried that in the US once.. The government passed a law that made owning said metals illegal... >Which was in effect from 1933 to 1974... And now it's almost 50 years later. Why is that relevant now?
Because history repeats itself? Why is this even a question? Those that fail to learn from history are doomed to repeat it, and you can bet if people started divesting from the USD into gold and silver, gold and silver would be quickly made illegal to own
>Those that fail to learn from history are doomed to repeat it, and you can bet if people started divesting from the USD into gold and silver, gold and silver would be quickly made illegal to own
I'll bet you an ounce of gold that doesn't happen while I'm still alive. As such, I don't care.
Re: I Am Not Satoshi Nakamoto
#177Earlier quoted context omitted.
I dunno I’m an over-halfway believer in crypto. The other day I wanted to invest in a token. So I transferred ETH out of Coinbase to MetaMask wallet, then traded my ETH for the token. Each transaction took about 30sec and cost ~$25. That sounds like a lot! Until you realize ETH has been around only 8 years and the transaction is entirely irreversible by an enterprising (invasive? dictatorial?) third party. To me it’s…
Isn't that really bad though? I paid for a VPS with my credit card recently. The transaction appeared to complete instantly. No 25 dollar transaction fee, no multiple hops through different software interfaces, just click and done. If it turned out the VPS company was a scam, I could've made a single phone call and reversed the charge saving my money. Crypto is slower, more expensive, and less safe. True, it's only e…
> The transaction appeared to complete instantly.
I recently made a donation from a new bank account that took ~20-30 hours to finish processing. Meanwhile Monero trasactions have the 10-15 blocks needed for irreversibility mined in ~20-30 minutes, and the first block in ~2.
Re: I Am Not Satoshi Nakamoto
#178Quickly skimming through the Wired piece, am I weird for not being that uncomfortable with companies like Coinbase managing your crypto? Or Namebase.io managing Handshake domains? Most people don't care about self-hosting/self-managing their stuff and just want something that works and is easy to use. With both of these (Bitcoin & HNS) you can still have 100% control over it if you choose to. So what if 90% of people…
"Quickly skimming through the Wired piece, am I weird for not being that uncomfortable with companies like Coinbase "
can not "you" verify said "correctness"?
-j
Re: I Am Not Satoshi Nakamoto
#179Earlier quoted context omitted.
I dunno I’m an over-halfway believer in crypto. The other day I wanted to invest in a token. So I transferred ETH out of Coinbase to MetaMask wallet, then traded my ETH for the token. Each transaction took about 30sec and cost ~$25. That sounds like a lot! Until you realize ETH has been around only 8 years and the transaction is entirely irreversible by an enterprising (invasive? dictatorial?) third party. To me it’s…
Isn't that really bad though? I paid for a VPS with my credit card recently. The transaction appeared to complete instantly. No 25 dollar transaction fee, no multiple hops through different software interfaces, just click and done. If it turned out the VPS company was a scam, I could've made a single phone call and reversed the charge saving my money. Crypto is slower, more expensive, and less safe. True, it's only e…
Is that the really important thing? It’s a nascent technology.
Re: I Am Not Satoshi Nakamoto
#180Earlier quoted context omitted.
Until you realize ETH has been around only 8 years and the transaction is entirely irreversible It’s funny you make this comment specifically about ETH since it literally exists today as a result of a hard fork that reversed transactions in 2016. https://www.investopedia.com/terms/e/ethereum-classic.asp
The fork did not reverse the transactions. Instead, it made new transactions. Meanwhile, bitcoin reversed 53 blocks in the 2010 "inflation bug" incident.
This is a hilarious lie.