cgjaro

5 ms·

1.
by cgjaro 11y ago
You couldn't buy BitFury for less than 200 or 300 million dollar. After all they expect this $100 million data center to be profitable so I am sure they value their company at least 2x or 3x this.
2.
by cgjaro 11y ago
It has always been the case that a single company could 51%-attack the network. No regression here. In fact the cost has continually increased over time. So, yes, progress.
3.
by cgjaro 11y ago
This DC cost $100 million. Not exactly pocket change. http://www.coindesk.com/bitfury-details-100-million-georgia-... Plus, with BitFury online, the cost of a 51% attack just raised to $200 million. The only reason it is (c
4.
by cgjaro 11y ago
Besides Newegg, it is also at $699 on Microsoft Store: http://www.microsoftstore.com/store/msusa/en_US/pdp/ASUS-Zen...
5.
by cgjaro 12y ago
Nobody talks about "percentage of tradable life" because this is a pointless metric. You don't see banks publishing prospectus saying "this investment gained x% over y% of its tradable life". %/year is what mat
6.
by cgjaro 12y ago
Again, like azeirah said, this type of decline has happened in the past: after the $30 peak in June 2011, Bitcoin declined almost constantly. 12 months later it was still hovering around $5. That was a 80%+ decline! It took a total of 21 mo
7.
by cgjaro 12y ago
Being able to run the tool as non-root so it just spits out the key/cert pair is EXACTLY one of the mode of operations that they said will be available - see http://media.ccc.de/browse/congress/2014/31c3_
8.
by cgjaro 12y ago
Are you denying all these metrics as a whole, and implying that Bitcoin's usage is either stagnating or declining?? You can't be serious, can you?
9.
by cgjaro 12y ago
Fred Wilson posted better adoption metrics which are a more accurate (and more impressive) record of how Bitcoin is doing: http://avc.com/2014/10/bitcoin-adoption-metrics/ It is smarter to look at these than
10.
by cgjaro 12y ago
Yes we want it to scale, even if it means full nodes run only by large organizations. The benefits of decentralization would be very real and tangible even if only, say, 1000 organizations (companies, universities, etc) were able to host an
11.
by cgjaro 12y ago
As the OP corrected, it's Western Union that does 10 tps. But even 100 tps would be easily within reach if the block size is bumped to 20MB, which is not that crazy.
12.
by cgjaro 12y ago
I do have a PayPal Security Key. My calliper measures 0.81mm, compared to 0.78mm for credit cards. So it is indeed pretty much the same thickness.
13.
by cgjaro 12y ago
You are, indeed, wrong: taxes are owed the moment coins are mined, even if they remain unspent or unused, see question Q-8 in http://www.irs.gov/pub/irs-drop/n-14-21.pdf
14.
by cgjaro 12y ago
No. Most of the costs are people costs as the article rightly explains, not fuel. Fuel is an extremely tiny fraction of the overall mission costs.
15.
by cgjaro 12y ago
Yeah but in practice no browser does this. There is no system call on Linux or Windows to push data as part of the SYN packet. You would have to craft TCP/IP packets and their headers with a raw socket...
16.
by cgjaro 12y ago
Your suggestion is not equivalent. It is not realistic to ask the user to memorize the x.x.x.x IP address. The point of mrb's solution is that it fully takes care of problem of "typing <domainname> in the address bar and g
17.
by cgjaro 12y ago
"converting between bitcoin and fiat currency, on either end" Perhaps you missed that part where the grand-parent explained you don't even need to convert bitcoins to dollars as merchants begin to accept them (DELL, Dish Ne
18.
by cgjaro 12y ago
Well numbers prove you wrong. A year ago 1 bitcoin was worth $125 and is now worth $480. A year ago 1 ARS was worth $0.17 but is now worth $0.12. One currency appreciated, the other lost value. Clearly an Argentinian would have been better
19.
by cgjaro 12y ago
I don't know if "10 years" falls in your definition of "next few years". For a viable rogue CA attack, you need a chosen-prefix attack. Current best research ( https://marc-stevens.nl/research/pa
20.
by cgjaro 12y ago
You know nothing about credit card fraud. When it happens, the retailer has to pay up, and there is a fine and fees. Don't take my word for it. Listen to the CEO of a merchant who tells you how it works: "As Nichols mentioned,
21.
by cgjaro 12y ago
Now, eridius, you are starting to repeat a point you already made and that I already rebuked. This is a sign you have no way to "win" this argument and you are merely trying to have the last word :) So I will repeat the rebuke I a
22.
by cgjaro 12y ago
The risk for credit cards is there. And yes it really is as easy as issuing a chargeback and maybe claiming your card was stolen. The only reason it is not occuring more often is because most people are honest, that's all. I demonstrat
23.
by cgjaro 12y ago
I highly doubt it, but maybe you can contact the lawyers on the prosecution side and see what they suggest.
24.
by cgjaro 12y ago
Merchants are ALREADY taking a risk with credit cards if, after walking away with a $2000 computer, the guy issues a fraudulent chargeback. So if a merchant accepts the (non-negligible) risk of credit cards chargebacks, he will accept the (
25.
by cgjaro 12y ago
Correct, best practices and doc says to wait for 6 confirmations. But in practice, very few people do this. For example you can send bitcoins to your Coinbase wallet and sell them without even waiting for 6 confirmations. Let me explain to
26.
by cgjaro 12y ago
Barely 0.01% of the world population uses Bitcoin and we already see a technology on the market that is expected to significantly improve security, and this was the result of 1+ year of engineering effort from teams of engineers: hardware w
27.
by cgjaro 12y ago
Does anybody really use live wallpaper? They waste battery. On the other hand, you are rarely at the home screen, most often in an app where the wallpaper is in the background.
28.
by cgjaro 12y ago
Upvote the parent!
29.
by cgjaro 12y ago
"But that's rarely good enough" Yes it is. The vast majority of Bitcoin services and users wait for only 1 confirmation. Waiting for 6 confirmations is "excellent" whereas 1 confirmation is "good enough" (
30.
by cgjaro 12y ago
~10 minutes = a few minutes. BTC transfers are fast once you already have coins, and this is a reason why its adoption is increasing. People realize that having BTC on hand is useful, so they start holding it. There is a little friction to

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