anonisko

8 ms·

1.
by anonisko 6y ago
The idea that raw blockchains would ever be a scalable payment network for the world's population was always a completely absurd idea. In fact, it's so absurd that it was literally the first public comment Satoshi received. htt
2.
by anonisko 6y ago
Node centralization is a lot less concerning for monero because the privacy by default nature of it makes it very difficult if not impossible to censor transactions. Even if stupid large blocksizes results in only a handful of datacenter si
3.
by anonisko 6y ago
Megacorps are starting to think about creating their own currencies (FB diem). We stumbled into accepting dictatorships in the emerging virtual realms without even realizing it.
4.
by anonisko 6y ago
I thought "blocklist" was the replacement for "blacklist".
5.
by anonisko 6y ago
Too many people support the development of powerful weapons without considering what happens when their enemies get a hold of them.
6.
by anonisko 6y ago
Depends on whether you agree with what the people in charge define as a 'good thing'. In a democratic government, you might like how a powerful tool is being wielded when your people are in charge, and be terrified when the '
7.
by anonisko 6y ago
Yup. That's why I say generally. Even if the paper is correct it seems to fall into the 'moving down the continuum' category.
8.
by anonisko 6y ago
Dear lord no. I can see how it might come across like that. More drawing attention to the wider theme that we generally should not take people at their word when we have the option to demand proof of work that can't be faked or mistake
9.
by anonisko 6y ago
Basically, the tax code is used by governments as an incentive mechanism to manipulate entities into behaving in ways they want.
10.
by anonisko 6y ago
"Broken" generally isn't a binary event in cryptography. It's a continuum from "impossible to do with all the time and energy of the universe and the most advanced computers we have" to "my commodity hardw
11.
by anonisko 6y ago
Reminiscent of Craig Wright's claim to be Satoshi. It doesn't matter what you claim with words if you can't back it up with cryptographic evidence. Shut up and prove you've done (or can do) the work.
12.
by anonisko 6y ago
The whole paper is linked, https://eprint.iacr.org/2021/232.pdf
13.
by anonisko 6y ago
I've got a feeling that Elon is the kind of person who would only be happy with death on a battlefield, bested by a worthy opponent.
14.
by anonisko 6y ago
A farm is an income generating asset. Farmland is a commodity that does nothing on its own. An electronics manufacturer that uses gold is an income generating asset. Gold is a commodity that does nothing on its own.
15.
by anonisko 6y ago
The problem with Facebook is that it's not exclusive - there are tons of alternatives. Some even have better features (think Twitter or TikTok or Discord). Nothing is stopping people from launching Facebook2, Facebook3, etc an
16.
by anonisko 6y ago
Proof of work (PoW) vs proof of violence (PoV). Both energy intensive mechanisms for enforcing the security of a currency.
17.
by anonisko 6y ago
Everything is speculation. My ultimate point with the comment above, is that dismissing bitcoin as nothing more that a rampant speculative bubble is not a good argument against it. Everything we value is a speculative bubble that can even
18.
by anonisko 6y ago
Of course. It's a useful commodity resource. It can be use for industry, science, dentistry, jewelry, etc. But I do think the store of value use case where you arbitrarily hoard this useful commodity in a vault so you can sell it later
19.
by anonisko 6y ago
Farmland is a speculation that we won't completely degrade the topsoil that makes it useful for agriculture. Exxon Mobile is a speculation that they'll be able to pivot their business out of carbon fuel long term. Even monster com
20.
by anonisko 6y ago
I suppose you mean it's not possible without some sense of the value in relation to existing value networks? And this is the bootstrapping that fiat exchanges provide?
21.
by anonisko 6y ago
I love the poetry of lines spiraling out of Africa. A metaphor for the dispersion of our species.
22.
by anonisko 6y ago
Every store of value that has ever existed and will ever exist is just a game of speculation that it will continue to be valued when you're ready to withdraw your money to do things you've saved for. Gold was the best portable and
23.
by anonisko 6y ago
A true cypherpunk would say that everyone should just start earning bitcoin directly to enter.
24.
by anonisko 6y ago
Yeah, this is a wildly ignorant take. Pre 2017 was crazy volatile and unstable. It's still crazy, especially compared to regulated, national markets, but it does seem to be gradually smoothing out from the wildness of it's youth.
25.
by anonisko 6y ago
It could get even more interesting if you have some NFT domains that are shared between different virtual realms, like different video games or social media sites. Imagine owning a username in the form of an NFT, and every MMO game that int
26.
by anonisko 6y ago
Related, https://www.epsilontheory.com/taiwan-is-now-arrakis/
27.
by anonisko 6y ago
We all worship the thing that feeds us.
28.
by anonisko 6y ago
This right here. We're in a huge bull run for an emerging asset class with little institutional support. Since no can ever perfectly predict when the herd is going to start to stampede, it's not at all surprising that the exchange
29.
by anonisko 6y ago
Trust is not just in the form of the institution itself being established and trustworthy, though that's important. It's also whether the institution can effectively do cyber and key security. This is where a non tech first compan
30.
by anonisko 6y ago
Couldn't you make this case for many company stocks? Jeff Bezos owns 20% of AMZN, most of which he hasn't touched since it's founding. Does that mean that AMZN isn't really a $1.5 trillion company?

More ›