Anonobread

7 ms·

1.
by Anonobread 10y ago
What part of "they have intense hatred for anyone with a different opinion, even the very people who developed bitcoin" didn't you understand? What kind of person lambasts another for giving primary sourced, direct quotes to
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by Anonobread 10y ago
> they have intense hatred for anyone with a different opinion, even the very people who developed bitcoin. Hal Finney, the very first recipient of a Bitcoin transaction claimed, quote: "Bitcoin itself cannot scale to have every sin
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by Anonobread 10y ago
Aaron Russo, award winning film producer, argues the opposite quite convincingly in an interview conducted with a former IRS Commissioner, here: https://youtu.be/O6ayb02bwp0?t=33m The IRS and Federal Reserve system is corru
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by Anonobread 10y ago
Consumers don't buy 2% more chicken at the grocery store just because "inflation is 2%". That's total nonsense with no basis in reality. And investors will still make traditional investments in a deflationary environment
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by Anonobread 10y ago
> In a perfect game system you'd probably make labor income taxes less than capital gains on investment Indeed you would [1]. According to some legal scholars, wages earned from labor were/are not supposed to be taxed at all
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by Anonobread 10y ago
Bitcoin and Ethereum investors who put a few thousands of their own money on the line years ago have seen it rocket up in value into a considerable fortune. Naturally, to the extent an investment makes you "rich", the investment o
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by Anonobread 10y ago
> With blockchains, only the user has write access to the database with their cryptographic identity. Users are in full control. That trait is far from being unique to blockchains. But no, users aren't in full control of cloud softw
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by Anonobread 10y ago
My point is running all the nodes in the cloud means that the users of those nodes don't own them . > the user's choice to use the application in the first place. Right, but if none of the users can even run the so called &q
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by Anonobread 10y ago
Users don't control cloud software.
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by Anonobread 10y ago
> Ethereum is a world computer. As in, it acts like a single public computer that can perform computations for anyone who is willing to pay for them, but instead of this computer being run by a third party, it's run by the network a
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by Anonobread 10y ago
> and now think that without a leader it's doomed to design by committee and stalemate on key decisions As a regular in the cryptocurrency world, it's evident that no matter what you do, someone is going to find a reason to cri
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Vdev: a device-file manager and filesystem(github.com)
7 points by Anonobread 11y ago|0 comments
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by Anonobread 11y ago
You'll have to excuse me for this, but what you've just written has been said so many times in the past 18 months it's basically a cliche. If you're willing to put the entire system into the cloud and hand over the backb
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by Anonobread 11y ago
Ironically, the only people who have made money on smart contracts - cough Ethereum - did it by convincing other investors to part with their money subsequent to selling those investors on the idea of smart contracts. That whole sub-niche i
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by Anonobread 11y ago
> If there's enough customer adoption where there's a need to handle that kind of volume you can rest assured there will be infrastructure to support it and instead of a loose group of "core devs" there will be an off
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by Anonobread 11y ago
Global electronic cash is a zero sum game. Money is pure network effect and only one unit of account can have 90% global market share at a time. I want that to be BTC. You want that to be ETH. Let's just agree to disagree?
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by Anonobread 11y ago
But you can port any and all features to sidechains or Enigma [1], and in doing so make them accessible to a much bigger market, denominated in BTC which is a more stable and proven unit of account. Or at least that's how the story is
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by Anonobread 11y ago
Gavin is no longer lead developer and hasn't been for years now.
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by Anonobread 11y ago
> I generally agree with this sentiment--the biggest value blockchains provide to decentralized applications is an inimitable 100%-replicated log You're coming at this backwards. Once you have the most valuable cryptocurrency unit o
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by Anonobread 11y ago
The throughput capacity of Bitcoin, being programmable money, isn't a user limit. We can just as soon put billions of users with BTC-denominated accounts at higher layers of abstraction, and in fact this is exactly what Bitcoin's
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by Anonobread 11y ago
> The end goal is to prevent only having large institutions running nodes and to keep the system more decentralized, hence the need for better scaling options. (Bitcoin has become more decentralized as it has aged, with fewer small nodes
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by Anonobread 11y ago
What block size for Ethereum's blockchain would be required to hit 56,000 tps? I'm really getting some deja vu in having to write this out for the millionth time in a 18 month period. None of your talking points magically address
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by Anonobread 11y ago
But Ethereum's raison d'etre is "X for the blockchain". VISA does 56,000 tps. So it's really simple. How are you going to hit 56,000 tps on the blockchain. The Bitcoin community, which is far bigger and generally mo
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by Anonobread 11y ago
Gosh, you almost had me for a second there. But no, I'm afraid you'll have to do a bit more than merely allude to (non-)solutions, or point out how paper gains are enough motivation to keep experts who could otherwise be earning
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by Anonobread 11y ago
The performance test data shows 32MB blocks are the absolute maximum block size that can be handled on desktop PCs today [1]: > After simulating the creation of blocks up to 32 MB in size, we have arrived at some interesting conclusions:
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by Anonobread 11y ago
What outsiders don't seem to understand is the people shouting "Bitcoin is or should be a democracy" the loudest are the ones who stand to benefit the most from seizing power from the current core developers. As if those peop
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by Anonobread 11y ago
> There are better ways to handle governance in OSS and cryptocurrency then founding a private enterprise First, only one core developer with commit access, Pieter Wuille, is affiliated with Blockstream. Yes - the fact that founders of B
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by Anonobread 11y ago
> It’s like a Visa payment network that’s controlled not by Visa, but by the people—one that is open to all and that can move money more cheaply and efficiently. That’s something we should all care about. The USD doesn't compete aga
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by Anonobread 11y ago
> In any case, fixing the blocksize limit will be good This presumes the blocksize limit is being fixed, which is an incorrect assumption. Originally, the proponents of Classic wanted to boost block size limits to 20MB effective January
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by Anonobread 11y ago
First, it would behoove you to run a full node on your desktop PC. What you will surely find is that maxing out your CPU at 100% for hours on end isn't very fun and isn't necessarily conducive to getting other work done at the sam

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