141–150 of 266 posts
[I deleted this post because it probably is against the HN guidelines]
[I deleted this post because it probably is against the HN guidelines]
There's plenty of misinformation on Twitter and Reddit too. In fact they're overflowing with trolls, shills and censorship and you need to be very particular in the way you approach the information if it's to be at all useful.
ethereum moving to pos is less important than and obscures their admission of failure at developing a scalable "world computer" as described in original "whitepaper". they've moved on from maintaining essentially a serializable database to some "sharded" contraption with vague description of how cross-shard synchronization should work and how conflicts will be resolved. and most importantly, none of this has been tes…
https://ethereum.org/en/eth2/vision/ for those who like me need an explainer what Eth2 is.
I think with Eth2 we're possibly seeing a the first attempt to address the Innovator's Dilemma[0] in the blockchain environment. I've been following the Eth2 progress for a few months now and from the outside it really feels like trying to swap out the engine of a running racecar. Definitely worth to follow how the Eth1->Eth2 evolution will play out, but I wonder if is not too late for Ethereum while newer kids on th…
Earlier quoted context omitted.
> Proof-of-work incentivizes cheap & renewable energy investment. Cheap yes, renewable no. Complete non sequitur there. > The endgame is that all energy companies will primarily be Bitcoin mining companies, feeding their excess renewable energy into the grid to power homes, etc. Absolute insanity straight out of postapocalyptic SF. "The ancients destroyed their civilization by funelling an ever increasing share of re…
There is genuine value in that, a similar operation has been performed using silver & gold for thousands of years. Gold is an almost exactly the same in that respect - energy gets burned on the owners behalf, and they can prove it happened. The difference that I'm keeping an interested eye on is even if gold mining ceases, the energy required to produce a new gram of gold doesn't really change so a gram of gold still…
https://ethereum.org/en/eth2/vision/ for those who like me need an explainer what Eth2 is.
I think with Eth2 we're possibly seeing a the first attempt to address the Innovator's Dilemma[0] in the blockchain environment. I've been following the Eth2 progress for a few months now and from the outside it really feels like trying to swap out the engine of a running racecar. Definitely worth to follow how the Eth1->Eth2 evolution will play out, but I wonder if is not too late for Ethereum while newer kids on th…
Earlier quoted context omitted.
You're choosing to consider the case when the price is very high, but not when it's very low. The flip-side of that coin would be that energy not worth being put into mining, which would be sold at a loss to the grid, would instead be put into batteries and saved, to be sold when when market prices were high again. But I think by the time Bitcoin becomes so universal that all energy companies are mining companies, it…
Do you really think that Bitcoin, the first prototype of a decentralized currency, will be the primary electronic currency ever ? We've only just begun exploring the design space, and it's terribly arrogant to believe that we'll be stuck with this prototype even just 20 years down the line.
Earlier quoted context omitted.
> Proof-of-work incentivizes cheap & renewable energy investment. Cheap yes, renewable no. Complete non sequitur there. > The endgame is that all energy companies will primarily be Bitcoin mining companies, feeding their excess renewable energy into the grid to power homes, etc. Absolute insanity straight out of postapocalyptic SF. "The ancients destroyed their civilization by funelling an ever increasing share of re…
There is genuine value in that, a similar operation has been performed using silver & gold for thousands of years. Gold is an almost exactly the same in that respect - energy gets burned on the owners behalf, and they can prove it happened. The difference that I'm keeping an interested eye on is even if gold mining ceases, the energy required to produce a new gram of gold doesn't really change so a gram of gold still…
If Bitcoin mining becomes unprofitable, Bitcoin users could incentivize it through increased transaction fees.
Earlier quoted context omitted.
> Proof-of-work incentivizes cheap & renewable energy investment. Cheap yes, renewable no. Complete non sequitur there. > The endgame is that all energy companies will primarily be Bitcoin mining companies, feeding their excess renewable energy into the grid to power homes, etc. Absolute insanity straight out of postapocalyptic SF. "The ancients destroyed their civilization by funelling an ever increasing share of re…
There is genuine value in that, a similar operation has been performed using silver & gold for thousands of years. Gold is an almost exactly the same in that respect - energy gets burned on the owners behalf, and they can prove it happened. The difference that I'm keeping an interested eye on is even if gold mining ceases, the energy required to produce a new gram of gold doesn't really change so a gram of gold still…
Gold is valuable because people buy it. People don't buy it because of some hypothetical amount of energy that went into producing it, they buy it mostly because it's shiny and rare (and sometimes because it doesn't corrode much or conducts well).
The energy cost to produce is relevant to its price only in so far as it feeds into the supply / demand equation.