audleman

7 ms·

1.
by audleman 2y ago
You're forgetting about difficulty adjustment. Every time mining gets more expensive large number of miners drop out. This causes the difficulty target to drop. The remaining miners then start mining more blocks and profits rise. As a
2.
by audleman 2y ago
I read this comment in the spirit of "you might not have known that K did much more that write awk, but he's a genius." Which I didn't know, so I appreciate the context.
3.
by audleman 2y ago
> Blue lets you post really really long tweets. Thats potentially interesting and useful You mean degraded the user experience. People used to split their long-form thoughts out into a series of tweets ("a thread 1/8 -->&quo
4.
by audleman 3y ago
This is up there with "you guys don't have phones?"
5.
by audleman 3y ago
> If crypto poses a legitimate threat to that power and control, it is much easier to remove the threat than to adapt your system to it. In fact the opposite of this is happening. We are in a discussion about how the SEC was ordered by t
6.
by audleman 3y ago
> None exist and unlikely any will exist in the future (at least not the type of countries many people would want to live int) El Salvador has already made Bitcoin a legal tender. I assume your no-true-scotsman addition of "any coun
7.
by audleman 3y ago
And of course, like when China banned mining, they would simply pick up shop and move to another country. One with fewer regulatory risks.
8.
by audleman 3y ago
To the contrary, as long as you can hold through the volatility window of about 4 years, you are better off holding Bitcoin. The price of a house used to be 100 bitcoin, then 10, now it's 5. Wait 10 years and it'll be 0.5. Meanwhi
9.
by audleman 3y ago
Which shows that it was the impact of pretending their currency hadn't been devalued that dragged them through a prolonged depression. Had they simply priced gold at its true value in pounds, they would have gotten through it as quickl
10.
by audleman 3y ago
Why wait? It's been 15 years of Bitcoin outperforming every other asset. Nobody has found an exploit making the tech worthless, nor have competitors stolen its market share. Bitcoin is here to stay and the only ones shouting at it are
11.
by audleman 3y ago
Heroku is great until you need to do something non-standard in your deployment, like compile node and configure a python virtualenv in the same deploy. Then you have to learn their Buildpack framework and that is a nightmare. It's a hu
12.
by audleman 4y ago
https://bitcoinmagazine.com/culture/bitcoin-dimensions-of-mo...
13.
by audleman 4y ago
Doesn't a circuit breaker imply human intervention? The point of DeFi is that you get some code running on a blockchain then release control. No central point of control. How this is going to work is beyond me. But without it a blockch
14.
by audleman 4y ago
> The highly centralized structure which transpired to make Bitcoin popular What centralized structure?
15.
by audleman 4y ago
They are trying to build a physical/digital bearer instrument. Not a company, pure cash in your pocket. Of course the standards for security are higher.
16.
by audleman 4y ago
I don't understand your point. If a stablecoin issuer has trouble compiling a list of their assets that's a red flag. If a competitor comes out with simpler accounting I'll switch to them.
17.
by audleman 4y ago
In reality, only 13% of our planet’s population is born into the dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar or Swiss Franc. The other 87% are born into autocracy or considerably less trustworthy currencies
18.
by audleman 4y ago
A little deflation discourages spending, a little inflation encourages it. A lot of either is ruinous. Your example is one with deflation at an average of 120% for a decade straight. How well would an economy with inflation of 120% work out
19.
by audleman 4y ago
If they made a bad investment and lost that 5% they couldn't ask their friends in the Bitcoin corporation for a bailout. No politician could write a few lines of code and grant them a one-time issuance of new coins. No matter what perc
20.
by audleman 4y ago
The ponzi part was not the root cause, it merely sped up asset accumulation until it became a ripe enough target. The root cause was the flawed arbitrage mechanism. It relied on always being able to redeem 1 UST for $1 equivalent of LUNA, a
21.
by audleman 4y ago
> Also, technically the value of UST was fully backed by LUNA And what was LUNA backed by? Unless somebody gives a better definition I'll say it was backed by two things. One was UST successfully working as a stablecoin. The other w
22.
by audleman 4y ago
Isn't the Fed taking directions from whatever administration is in power? Or do they have their own independent agenda? I think it's more the former, leading to a circular argument on where the blame for that 60% lies.
23.
by audleman 4y ago
Once you've gone the container route you no longer even need to think about virtual servers. You can just deploy it to a container service, like ECS.
24.
by audleman 5y ago
> if you get a receipt then you could actually try to reverse it Store puts up a 'No returns' sign, you have finality.
25.
by audleman 5y ago
But the transactions were final, just as it would be if your employee stole the day's cash and escaped somewhere you couldn't find them. Reversible would mean you could press a few buttons on the cash register and poof , the mone
26.
by audleman 5y ago
The article claims that bitcoin transactions are reversible, which they are not. He substitues the feds seizing the private keys and making new transactions as reversals.
27.
by audleman 6y ago
The people claiming it's easy are, well, lying. Our deployments fail all the time for things like Google moved their Helm images to a new repo. Kubernetes is still early tech and thus has more moving parts than a more well established
28.
by audleman 6y ago
Let's just say they keep pay the same. All the employees who stay will look at those who moved to Pennsylvania and bought a 2br 2bath 2,000 square foot condo for $300k and say "hey, that costs $1.5 million in SF. Why am I not bein
29.
by audleman 6y ago
Cost of living is higher if you live in a major metropolitan area. That higher SF salary gets you the same amount of goods and services as a lower salary in Utah. This is a pretty basic concept. If you want to get paid the big salary, move
30.
by audleman 6y ago
In a post about a new piece of graphics technology might not be the best place to have this conversation, but I'm glad it popped up. I recently decided to start playing Dwarf Fortress, a game with such terrible graphics it literally ta

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