Live data from Hacker News

Coinbase to Suspend Trading in XRP

reuters.com

201–209 of 209 posts

Re: Coinbase to Suspend Trading in XRP

#201
post #79

Earlier quoted context omitted.

lol, how do you propose to power your mining rig and connect to the internet without a government?

Assuming free people could not create internet and electricity infrastructure is like an East German assuming free markets could not provide a Trabant alternative

So long as governments exist you will need to pass your data through government-controlled spaces. You may produce your own electricity, you may create your own wireless mesh WAN spanning a continent even, but that continent might contain the US, and the FCC will come knocking on doors and knocking down you signal towers. You cannot operate on any significant scale without touching on something under the regulatory jurisdiction of nation-states. This is not a problem of imagination, it's the current structure of power. East Germans undoubtedly both imagined and were often aware of Trabant alternatives outside of East Germany. But their dominant power structure did not easy allow for home grown competition.

Re: Coinbase to Suspend Trading in XRP

#202
post #32

Earlier quoted context omitted.

There can be no doubt that a mathematic - rather than collateralized - solution to stablecoins is the nonviolent solution.

How about both collateralized and mathematical? If the platform supports programmatic proportional issuance and withdrawal (vs. mint and burn), vs. market-priced collateral, then negative-feedback loop controlled inflation/deflation can be implemented...

Well, in that case, I suppose it depends on the asset being collateralized, and what oracle is the input for the programmatic issuance.

If the collateral can be seized in an act of violence (as opposed to being custodied on a smart contract), and the math is unable to protect the asset, then I think it's strictly a collateral solution and not a mathematical one.

Re: Coinbase to Suspend Trading in XRP

#203
post #91
post #44

Earlier quoted context omitted.

This is just an outright lie and malicious defamation from top to f*king bottom. Hateful nonsense by scam promoters like you turns HN into a toxic enviroment.

For those that don’t know nullc is Greg Maxwell, a former Blockstream employee. He is infamous in crypto circles.

Doing this will get you banned here, so please don't do it again.

https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so...

https://news.ycombinator.com/newsguidelines.html

Re: Coinbase to Suspend Trading in XRP

#204
post #200
post #182

Earlier quoted context omitted.

Gold has had a widely agreed upon definition for thousands of years. Bitcoin is a ~decade old open source project with a clearly established philosophical divide between small-blockers and big-blockers. In other open source project variants, small name changes like adding/changing a suffix or prefix are common, why would Bitcoin be the exception? Given that you accepted that BCH is the continuation of big-blocker's v…

I disagree with your statement that bcash is manipulative language. I now understand where you are coming from after reading your posts but there is a community out there referring to bitcoin cash as bcash since its short and succinct and easy to speak. Also might I suggest to reflect on your posts? The tone sounds quite angry and seems to stem from frustration which can lead to reading bad intent where is none.

Open source projects often fork. To take one such example, years ago X.org forked from XFree86. Both projects considered themselves implementations of the X Window System. Can you imagine if XFree86 supporters insisted that X.org not be allowed to use "X" in their name? If these supporters invented their own name for X.org, say "Zorg", made outlandish claims that "X.org" sounded offensive to them, and that they earnestly believed that "Zorg" was a better name for the project, even though no one in the project itself referred to it by that name. Would you not agree that those using the term "Zorg" in this example are using manipulative language?

Another way to look at this: the difference between small-blockers and big-blockers is a deep philosophical divide, much like what often occurs in politics. Imagine trying to have a civil political discussion with someone that has different political beliefs than you, and that person keeps using loaded terminology, rather than neutral terminology. You can imagine that under these circumstances, it would be increasingly difficult to keep the conversation civil, and you'd be well within your rights to ask your interlocutor to use neutral terminology. If they refused, it would be a reflection on their lack of civility, not yours.

Re: Coinbase to Suspend Trading in XRP

#205

Earlier quoted context omitted.

Are you objectively sure it’s subjective? Ethics must be objective/universal, although cheating it is common and alluring. Because ethics are universal the rules make sense even for children. It is wrong to lie, steal, rape, and kill, while it is right to honestly tell stories, receive gifts, have sex, and give life. In these words definition lies whether the receiving party partakes voluntary or is forced to. Legali…

Ethics must be objective/universal That's a bold statement without accepted axioms & subsequent proofs to build off of & establish the universality of ethics. There has never been universal agreement on any set of ethics. Genocide is itself an excellent example of that: It's not hard to find examples where those participating in the genocide believed their actions to be perfectly acceptable. If you watch children for…

To downvoters - I welcome your disapproval like Socrates welcomed his hemlock ;)

I claim that ethics if they exist must be universal.

If ethics are not universal, ie it is right to steal from some but not from others, you will never find a definition of ethics that can be agreed upon by more than 1 person, and their answer will change over time as they rise or sink in power position.

That definition of ethics taken to its logical conclusion is that might = right.

If might is right, then it is right for the strong race to genocide the weak, for the majority to tax the minority, for the master to keep the slave, for a man to rape a woman, and a parent to beat their child.

Opposed to that there are universal ethics - that one rule applies to many parties. For example, the difference in meaning between “receive gift” and “steal” is whether the action is universally ethical. Receiving a gift is voluntary for both parties, and a rule that allows it can thus be universally ethical.

Does this make sense? I can try to give other examples of how this principle makes sex ethical but rape not (do you dare to disagree?), self-defence ethical but assault not, and also how an insurance company collecting payment is ethical, but a government demanding tax is not.

Regarding the claim that even kids understand this: you are right that kids like adult try to get away with not acting according to universalist ethics. But if you speak to them and ask if they think it’s ok that someone takes their toy, they will say no. If you then ask them if it is ok for them to take someone else's toy, they will begrudgingly agree it isn’t. If you ask them what they would think if 5 kids voted and agreed you should give your toy away, they disagree.

Since universalist ethics are true, they intuitively make sense to us, and they also evidently produce the best societies - why comparatively universalist Christendom became the most free and developed place, why land-locked zero-resources relatively stateless Switzerland flourishes while the socialist resource-rich countries suffer in inefficiency and poverty for the masses, etc.

Re: Coinbase to Suspend Trading in XRP

#206

Earlier quoted context omitted.

If you follow to it’s end the principle that makes gifts moral but theft immoral, or sex moral but rape immoral, or work moral but slavery immoral, yes you reach “anarcho-capitalism”

Okay, I see where you're coming from then. I disagree, but I understand your premises & therefore your comments much better.

You and I have a thread above where I replied why ethics must be universal if they exist - I welcome you to prove me wrong there, or to boldly argue that might is right!

Re: Coinbase to Suspend Trading in XRP

#207
post #79

Earlier quoted context omitted.

Assuming free people could not create internet and electricity infrastructure is like an East German assuming free markets could not provide a Trabant alternative

So long as governments exist you will need to pass your data through government-controlled spaces. You may produce your own electricity, you may create your own wireless mesh WAN spanning a continent even, but that continent might contain the US, and the FCC will come knocking on doors and knocking down you signal towers. You cannot operate on any significant scale without touching on something under the regulatory j…

We agree. Reread my comment - I said it was “just like” the similie.

Just like East Germans lived under forced government monopoly and regulations in the car market but most could dream of Benzes and BMWs, you and I can dream about a world where voluntary relationships replace government force in areas such as internet, conflict resolution, health insurance (where I live we only have government health care, and like for Trabants, there are long lines...), road management, and all other tasks government bureaucrats so selflessly have relieved us of

Re: Coinbase to Suspend Trading in XRP

#208
post #199
post #182

Earlier quoted context omitted.

Gold has had a widely agreed upon definition for thousands of years. Bitcoin is a ~decade old open source project with a clearly established philosophical divide between small-blockers and big-blockers. In other open source project variants, small name changes like adding/changing a suffix or prefix are common, why would Bitcoin be the exception? Given that you accepted that BCH is the continuation of big-blocker's v…

How is it even possibly pejorative? BCH has the problem that it's read by many people as "bitch", and is even used that way by by developers (the nodes software gets called BCHN 'bitching'), and more than a few people find that offensive. > market has spoken on this issue I just checked a half dozen exchanges-- none call it "Bitcoin Cash" in their interfaces, BCH yes. Calling it "Bitcoin Cash" has a well understood p…

> I just checked a half dozen exchanges-- none call it "Bitcoin Cash" in their interfaces

Which exchanges did you check? I just checked some myself, and Coinbase, Kraken, Binance, and Gemini all use the full name "Bitcoin Cash".

Re: Coinbase to Suspend Trading in XRP

#209
post #173

Earlier quoted context omitted.

VISA says they do 150M transactions per day. I’m not sure how many are US, but let’s say half. Avg BTC transaction is 250 bytes, so you’d need about 10GB a day (about 70MB) blocks to do what you propose. A 3TB drive is $39 on Amazon right now. So maybe 13c a day in storage costs to run half of visa’s US transactions. Not raising Bitcoin’s block size has got to be THE most insane technical decision in modern history.

>VISA says they do 150M transactions per day. I’m not sure how many are US, but let’s say half. Avg BTC transaction is 250 bytes, so you’d need about 10GB a day (about 70MB) blocks to do what you propose. Your calculations are off. It's closer to 20GB per day: https://www.wolframalpha.com/input/?i=150%2C000%2C000+*+0.5+... >A 3TB drive is $39 on Amazon right now. So maybe 13c a day in storage costs to run half of vis…

>$89/year, which makes it a non-negligible expense for anyone wanting to run a full node.

Why on earth would a non-miner run a full node just to observe other people's transactions? Satoshi addressed this all the way back in 2009 in the whitepaper itself. Consumers (non-miners) would just download transactions they care about and run truncated observer nodes, and $89/yr isn't even that much money for a "full" observer (non-miner) node if you care about being a datahoarder. Killing bitcoin as a functioning currency because some people think Satoshi was wrong is mind-numbing. Of course, when your paycheck depends on not understanding something...

Post reply on HN