briatx

15 ms·

1.
by briatx 5y ago
This means that YOU failed to write a good test because the questions were not specific enough.
2.
by briatx 5y ago
Cryptocurrency is wasting modern technology to recreate the economic system of the 1800s.
3.
by briatx 5y ago
You're not sending money. You're sending tokens. People who say that they are sending money "on the blockchain" are being disingenuous. You have to account for transaction fees into cryptocurrency, the blockchain transa
4.
by briatx 6y ago
Pretty sure ACH and SWIFT can do more than 7 transactions per second. Talk about a step backward.
5.
by briatx 6y ago
You're right! It's actually negative sum.
6.
by briatx 6y ago
Maybe you do buy BTC on Exchange B. Then you transfer to Exchange A and sell, and what do you get when you sell? Tether. The point of Tether initially is regulatory arbitrage for Tether based exchanges. It gives them a fiat substitute wit
7.
by briatx 6y ago
Bitcoin doesn't solve any trust problem outside of how many bitcoins are in each wallet. Even in the very basic ecommerce use case: buyer purchases item online with bitcoin. The buyer must necessarily trust the vendor to deliver. Ther
8.
by briatx 6y ago
> Broadly speaking blockchain only solves a singular problem: Trust This is only true in the cryptographic sense when talking about data on the blockchain. Blockchains do NOT solve any trust problem outside of data on the blockchain, and
9.
by briatx 7y ago
That is not at all how the money multiplier works. https://en.m.wikipedia.org/wiki/Money_multiplier
10.
by briatx 7y ago
> blockchains aren't garbage. They're useful. If they were useful, all these corporate pilot programs would be raging successes by now. Instead they quietly fizzle. I personally haven't seen an application that isn't
11.
by briatx 7y ago
Or maybe after much research and some testing they conclude (correctly) that "blockchain is useless."
12.
by briatx 7y ago
Each time it forks it creates the same supply of bitcoins virtually indistinguishable by anything other than name and mining nodes. Sure, the limit of Bitcoin Core is still set at 21M, but that limit is quite arbitrary and in time maybe mor
13.
by briatx 7y ago
1) Tether is not the Fed. 2) Tether claimed in the beginning that they had $1 USD in the bank for every 1 Tether issued. 3) Given (2), printing Tether out of thin air that isn't backed by USD deposits is fraud.
14.
by briatx 7y ago
No, instead Bitcoin forks: https://www.forks.net/list/Bitcoin/
15.
by briatx 7y ago
The internet was scalable by design. Bitcoin is not.
16.
by briatx 7y ago
I applaud going back to the original source, but the paper has been updated. See this better Bloomberg article: https://www.bloomberg.com/news/articles/2019-11-04/lone-bitc... Relevant quotes: > One entit
17.
by briatx 7y ago
Hard to read this as anything other than a sales pitch: > While a 24% market share — 1 out of every 4 sales in this market — seems wild, the thing that blows the minds of many Tesla Model 3 owners is that anyone is still buying an Audi A
18.
by briatx 7y ago
You know, of course, blockchains do not magically solve the garbage-in garbage-out problem.
19.
by briatx 7y ago
Different experience here. Split keyboards allow you to keep your keep your wrists at a more neutral position vs having your forearms rotated inward but then twisting the wrists outward in order to type on a flat keyboard.. It absolutely h
20.
by briatx 7y ago
DNS has always been decentralized. I mean, first sentence on wikipedia: > The Domain Name System (DNS) is a hierarchical and decentralized naming system for computers, services, or other resources connected to the Internet or a private
21.
by briatx 7y ago
> Waymo vehicles have virtual maps ... You only need one reality <-> virtual desync to cause a crash.
22.
by briatx 7y ago
You could easily convert HOV lanes into Automated Driving lanes. And if we have the ability to fund HOV lanes, we could also fund Automated Driving lanes. Self driving cars are already dependent on standard infrastructure markings such as
23.
by briatx 7y ago
> How many businesses in competitive areas have fax as a preferred method of communication today? Oh just large legal and healthcare companies[1]. [1] https://www.popsci.com/why-fax-machines-still-exist
24.
by briatx 7y ago
> Earlier this year the Washington Post reported that many small police departments were abandoning body-worn-camera programmes because of the cost. > Although the cameras are cheap, officers can generate 15 gigabytes of video per shi
25.
by briatx 7y ago
Well, Fortnite Save the World launched with paid loot boxes, so...
26.
by briatx 7y ago
* Bitcoin is not yet deflationary as new coins are still minted for reward blocks. * Bitcoin is not guaranteed to go up and has so much volatility that you are essentially gambling. * Bitcoin is inferior as a payment system, even when they
27.
by briatx 7y ago
Or you could skip a step and just use a regular credit card with cash rewards and receive 1-2% of transaction amounts cash back. I'm not sure why people want to make it harder (and more expensive) than necessary.
28.
by briatx 7y ago
> And if 10 years from now we haven't found a use for nanopayments I'll admit it was a silly idea Why do you need another 10 years? Bitcoin has already been around for 10 years. The micropayment and tipping use case has been
29.
by briatx 7y ago
> Maybe it's not the blockchain as storage that matters but the programming API Even if that was true, you could easily implement a compatible API that doesn't use a blockchain under the hood, especially seeing as it is central
30.
by briatx 7y ago
1. Tx costs are basically free if you are willing to wait long enough. 2. Using a new address per Tx is one of the only ways you can preserve anonymity. 3. Lots of people have more than one wallet. 4. Manipulators could automate the creatio

More ›