bittcto

5 ms·

1.
by bittcto 8y ago
“Hate speech” is actually a great example. I’m a fan of the fact trans people are getting better treatment in today’s society, but if some obnoxious jerk says “there are only two genders” or “Chelsea Manning is a dude”, that may make him a
2.
by bittcto 8y ago
HN has a long history of censoring particular groups of people based on identity. That’s why it’s become such a monoculture (a monoculture of people generally convinced than HN is diverse, however.) Down voting things you disagree with desp
3.
by bittcto 8y ago
Tyranny, in all its shapes and sizes, comes wrapped in claims that it is for the common good. In fact a good way to think critically about things you hear is to ask “how is the politician profiting from this law?” And noting what new power
4.
by bittcto 8y ago
“By definition” people are just making up “Blockchain” as a desperate technology, usually people who don’t understand how bitcoin works and don’t realize they are throwing the baby out with the bathwater. Redefining the nature of the techno
5.
by bittcto 8y ago
The entire point of Bitcoin is the distributed trustless consensus mechanism. Read the Nakamoto white paper, it’s all about double spending. A chain of hashed data dates back to Merkle himself, that’s what a Merkle tree is. The entire poin
6.
by bittcto 8y ago
The entire point of Bitcoin is the distributed trustless consensus mechanism. Read the Nakamoto white paper, it’s all about double spending. A chain of hashed data dates back to Merkle himself, that’s what a Merkle tree is. The entire poin
7.
by bittcto 8y ago
A Merkle root including previous Merkle roots may have been innovative when Surety started, but while its required in bitcoin its not a key feature of what defines a Blockchain.
8.
by bittcto 8y ago
Because the term was coined by Nakamoto to describe the technology behind bitcoin. Decentralization, proof of work and other characteristics of bitcoin are intrinsic to making the system work. Otherwise you have an inefficient database tha
9.
by bittcto 8y ago
Because the term was coined by Nakamoto to describe the technology behind bitcoin. Decentralization, proof of work and other characteristics of bitcoin are intrinsic to making the system work. Otherwise you have an inefficient database tha
10.
by bittcto 8y ago
The fix was a hacknand as for “on time”, no we were already three Sadat’s into the heavyvsakes week, literally hours before thanksgiving when Bezos decided to cancel everyone’s thanksgiving because of his own incompetence. I call it incompe
11.
by bittcto 8y ago
I think selling drugs on campus to employees is a pretty bad result. He also drove off %80 of the talented team before I left. The DMV person was a dumpster fire and all the incompetence they showed us what you would expect— so cliche it w
12.
by bittcto 8y ago
Yes, and early in my career I was a technical sales person for a product I built... paired with a pure sales person. I don’t mean to say there was no value to his skills— but I am saying that it was not hard for me to understand enough abou
13.
by bittcto 8y ago
I’ve seen many software companies where for months on end each week more than a weeks worth of new work is added to the product, without changing the deadline, because “management” keeps deciding therecare new features that are critical and
14.
by bittcto 8y ago
I believe they hire those “lunatics” because it’s believed that engineers can’t understand business. As an engineer that has started businesses this is BS. It’s really easy to learn business skills, sales and marketing are not difficult, fi
15.
by bittcto 8y ago
The cause is that “leadership” is generally people who don’t understand technology, and the solution is to stop hiring such incompetence. No car company would allow a CEO who doesn’t understand how cars work, let alone one who has no respec
16.
by bittcto 8y ago
Ballpoint was invented in 1888, around 40 years earlier: https://en.m.wikipedia.org/wiki/Ballpoint_pen
17.
by bittcto 8y ago
5 years ago he claimed bitcoin was evil. He hadn’t adapted. He can’t adapt. He’s just a fraud.
18.
by bittcto 8y ago
He’s not held in high regard by economicists or even economics. He has been proven wrong repeatedly. He’s held in high regard by socialists because he white washes the death and destruction their socialism causes. That’s his purpose. That
19.
by bittcto 8y ago
HN leftists can’t abide any facts that put Krugman in a bad light. I pointed out he advocated a housing bubble I’m getting downvoted too. HN is a farm for socialist sheep and explicitly anti-intellectual.
20.
by bittcto 8y ago
Krugman, in a real way, is why Bitcoin exists. He literally advocated a housing bubble. (Broken Window fallacy) The housing bubble collapsed causing bailouts of banks. Bitcoin is a direct response to this nationalization of private losses.
21.
by bittcto 8y ago
TLDR: 30 years experience, I learned: don’t go work for a SV style startup. Be a founder, even if you have no experience. Don’t take VC money for more than %10 of your equity in total. Better off, right out of school, founding a company a
22.
by bittcto 8y ago
The problem is that product and dev are different people. Product managers don’t understand their product as well as the devs do. devs should manage the product definition and work with feature requesters at a very high level, where the de
23.
by bittcto 8y ago
If you have deadlines, you already know management is incompetent. Deadlines presume a known fixed scope. But I’ve yet to meet a CEO or sales team or whomever gets to decide what features go in who will fix the scope if a project. They are
24.
by bittcto 8y ago
Hypothesis: There are more machines in consumer hands which support Metal than DirectX. This may sound crazy, but remember there are billions of iOS devices out there in the world, and I don't think X boxes plus windows game machines c
25.
by bittcto 9y ago
"Bitcoin has very few of the properties that one would consider desirable for a currency." The desirable properties of currency are: - difficult to counterfeit - fungibility - robustness from degradation (eg: salt works except if
26.
by bittcto 9y ago
I love that you called a claim I didn't make ludicrous. I thin that strawman is murdered.
27.
by bittcto 9y ago
You're making the zero sum economic fallacy. More demand for solar panels finances more panels growing, increasing economies of scale reducing panel costs, and also, quite literally growing the total capacity of panels available in the
28.
by bittcto 9y ago
This is an example of bitcoin mining seeking the most renewable, inexpensive energy sources... including geothermal in iceland and hydroelectric in Washington State and China. As solar or wind get closer to viability, it may soon come that
29.
by bittcto 9y ago
This is a very common rehash of the "blockchain not bitcoin" perspective, and this indicates a lack of understanding of the purpose of bitcoin. Bitcoin/satoshi aren't being coy, though. The Genesis block contains the h
30.
by bittcto 9y ago
Yes, and I believe the actual mining breakeven is closer to $1,250 based on a tweet from Adam Back today.

More ›