681–688 of 688 posts
I used to be excited to see crypto currency related threads on HN's front page, bc I would be excited to see the technical discussion about he merits and criticisms of the technology. Nowadays, I am just disappointed when the discourse devolves into politics, cultism (on both sides), and misinformation. Where could I go to see discussions about just the technology?
lobste.rs
Spot me an invite? :)
https://gist.github.com/aaronmdjones/1a9a93ded5b7d162c3f58bd...
User and possibly Bitcoin user logs access/ownership/protection is unknown.
And all crypto crashes same day? Too big of a coincidence if u ask me.
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Blacklists will be incredibly contentious and will likely never get merged. Even if they do - a fork is guaranteed to happen.
Undoubtedly. But my guess is that the threshold for blacklisting stale addresses would be noticeably lower than the threshold for any blacklisting based on, well, "governance". You could even conjure up an argument based on block chain "balance of hashrate" security, which I presume is the best type of argument with that audience: "what if, after mining rewards have run out, everybody is just doing value store? No tr…
Bitcoin is an open source project, bro. If you see a bug fix it, don't complain like a bitch.
Wtf?
There are so many solutions to what you're talking about....
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Which effectively make the total amount of live tokens (the rough equivalent of share count or money supply in stocks or currencies) more deflatory than useful for any application outside of pyramid games. All projections of market cap that include the dead tokens are even more worthless than other market cap projections. Problem is: there's no way to tell the dead from the merely sleeping. The bigger the share of da…
PS: makes me wonder if we might eventually see something like "tokens not transferred since ${some generous date horizon} will get blacklisted starting ${some era switch date reasonably far into the near future for living address to create a lifesign transcribe}" merged into mainline. Or even "get reissued to miners". If that ever happened it would be at a time when total supply uncertainty would already noticeably i…
What are you, a thief?
"I wouldn't be surprised if I could just take that for myself."
Wtf
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Thank you for the disinterested take! It's refreshing to see this as a top comment when so often I see "Crypto makes me sick" which offers zero information and doesn't belong on HN. A few points to the repetitive comments I keep seeing: 1. Bitcoin is not a Ponzi scheme. Various cryptocurrencies operate in such a manner, but Bitcoin and Ethereum have value propositions: settlement and programmable money respectively.…
1.The term you're looking for is "naturally occurring Ponzi scheme" https://openknowledge.worldbank.org/handle/10986/19358 2. I literally don't know what this means. If it drops below 10, and you bought at 50k, you have an 80% loss. This might indeed induce "some nervousness". 3. Bitcoin is, per the title of the whitepaper, "A Peer-to-Peer Electronic Cash System". You don't have to read very far into the whitepaper t…
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Regular stock markets have circuit breakers in place and don't even operate 24/7. There are plenty of things that slow down price movement there. If they didn't have circuit breakers and did operate 24/7, I'd imagine we would have seen far greater record price movements over history, maybe even as bad as the absolute worst crypto swings.
Is this a condemnation of crypto markets then? Because you put most of that stuff in place, you probably lose the 'value' of crypto (anonymity, lack of central governance etc).
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> I consider crypto currency as it is to be an elaborate Ponzi scheme (personal view) Off topic, but as someone with very little understanding of economics and no stake in cryptocurrency, I don't understand where "legitimate currency" ends and "Ponzi scheme" begins. I get that a Ponzi scheme is one which produces little or no value, and the majority of "earnings" are just wealth redistribution from the bottom of the…
> I don't understand what legitimate value ordinary currency produces. Can anyone help me understand? I'm not sure what "legitimate value" means in this context, but the most terse way I can think of to answer what I think is the spirit of your question is that currencies can be used to pay taxes and so there is an inherent demand, if geographically limited, for them; since you have to pay taxes, it makes sense to se…
bitcoin can be used to pay for ransomware file recovery, so there's inherent demand too (if you have poor cybersecurity)
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> I don't understand what legitimate value ordinary currency produces. Can anyone help me understand? I'm not sure what "legitimate value" means in this context, but the most terse way I can think of to answer what I think is the spirit of your question is that currencies can be used to pay taxes and so there is an inherent demand, if geographically limited, for them; since you have to pay taxes, it makes sense to se…
>currencies can be used to pay taxes and so there is an inherent demand bitcoin can be used to pay for ransomware file recovery, so there's inherent demand too (if you have poor cybersecurity)