datadata

9 ms·

61.
by datadata 4y ago
Cool, you haven't addressed any of the substance of my comment, and made a disparaging remark towards the group of people who think differently from you about blockchains.
62.
by datadata 4y ago
If the cost of the transmission infrastructure costs more than the economic value of the energy it would transport, then you have stranded power.
63.
by datadata 4y ago
> 97% of all Bitcoin mining hardware will never successfully produce a single block in its entire useful life, going from factory, to space heater, to garbage can This is a really disengenuous point. Mining works probabilistically, and m
64.
by datadata 4y ago
There are literally hundreds of currencies that were demanded for tax payments that have ended up with zero value eventually. That is not sufficient to make a valuable currency. What is necessary (in my opinion) is using the currency broadl
65.
by datadata 4y ago
This exact photo is displayed in the article.
66.
by datadata 4y ago
If you are going to draw attention to your identity and credentials, and also ask the other party to engage more kindly, maybe you shouldn't categorically call the people you are engaging with "idiots" on other platforms, esp
67.
by datadata 4y ago
I think you are just not getting it. In my scenario (downloading the blockchain from nothing and bitcoin not having any proof of work scheme), you would not need to find a full collision as you don't have any hash that you trust to che
68.
by datadata 4y ago
If the externality cost is high enough, consuming more carbon (from being wealthy) should not lead to unfairly contributing to global warming, if we just are able to use the tax revenue to reverse the problem, rather than merely to disincen
69.
by datadata 4y ago
No, you do not have to trust the source when bootstrapping a client. The proof of energy needed to construct the blockchain is what ensures that the copy you receive is likely to be a held as the consensus, since it would be prohibitively e
70.
by datadata 4y ago
I'm not talking about a discreet modification of the blockchain. When you bootstrap a bitcoin client, you need to be use that the blockchain is the real one without having to trust another party, otherwise someone could give you a comp
71.
by datadata 4y ago
I don't really think the aggregate total is important. You would at least have to then assess if that total is worth the goals of the system or not, which again brings in the subjective judging of whether the thing is important or not.
72.
by datadata 4y ago
The cognitive dissonance here is amazing. Here is an actual application of crypto that is downvoted, while empty talking points around how crypto has zero use cases are always the top comments.
73.
by datadata 4y ago
Common, this argument is like saying that I don't want you to be able to have Christmas lights on your house. Doing that would be sacrificing energy that the entire world needs for a benefit that only you and your neighbors get, and t
74.
by datadata 4y ago
You almost understand it, but are missing the actual role of proof of work. Merkle tree makes verifying the blockchain datastructure easier, and enables older blocks to be further secured by newer blocks. Proof for work however makes produ
75.
by datadata 4y ago
The ban is not specifically for bitcoin with asic mining, but for all "proof of work" operations. You are right that most bitcoin hardware is not general purpose computing hardware, but I would still defend the liberty of a busine
76.
by datadata 4y ago
Title is grossly incorrect and leading to inflammatory comments. Proof of work has not been made illegal, new proof of work operations that use fossil fuel energy are blocked. Existing proof of work operations, and new operations using no
77.
by datadata 4y ago
The net hashing that goes into mining increases the security of the network and is quite different from a lottery. The energy consumed produces a real energy barrier that makes it hard to produce a different variant of the next block. It is
78.
by datadata 4y ago
To be fair, the ban is for crypto mining that uses fossil fuels only. But I completely agree with your point that it should just be a ban on fossil fuels. More generally it is troubling that the ban implicitly is an attack against general p
79.
by datadata 4y ago
The ArchWiki for Arch Linux: https://wiki.archlinux.org/
80.
by datadata 4y ago
The difference between nuclear war and a market is much much wider than the gap between derivatives and the underlying market. It is your straw man analogy that is ridiculous. Look, the Fed itself says that the goal of MBS purchase is to su
81.
by datadata 4y ago
You are making this too complicated. If the fed did not buy any MBS, what would have happened to home prices in the long run? Financial markets would have failed, and then home prices would have plummeted.
82.
by datadata 4y ago
I think inaccuracy is necessary for entertainment value. Ancient people for example made much around trying to predict astronomical phenomenon, before we were able to do that precisely. What is depressing about economics is that we don&#x27
83.
by datadata 4y ago
I think such a company would equally want to not retain such records (at least not indefinitely), for fear of discovery in legal processes, etc.
84.
by datadata 4y ago
You really need to look at real prices, rather than nominal prices. Housing is after all the largest component of CPI, which determines inflation. Scarcity also does not guarantee value. For one thing, housing demand is baseline proportiona
85.
by datadata 4y ago
Irrelevant. I'm just saying that interest rates determine the cost of borrowing money and the interest you can earn by having money, it does not really matter what you are borrowing money to buy.
86.
by datadata 4y ago
> The Fed printed money to prop up the price of derivatives, not the price of house. I'm not sure your point here. Derivatives absolutely are a driver on the price of the underlying assets. Derivatives are what inflated the housing
87.
by datadata 4y ago
Higher rates mean that the interest on that 20% cash that you would to give up is higher, so you are giving up the opportunity cost of having a a cash flow.
88.
by datadata 4y ago
Exchanges don't need to act as long duration custodians for them to serve their purpose or be profitable. Exchanges will make a profit from trading fees. They can attract capital and liquidity via market maker fee rebates. You can tric
89.
by datadata 4y ago
An important reason that house prices went up in the years following 2008 is because the federal reserve printed over a trillion dollars to buy mortgage backed securities to add liquidity to the housing market [1]. Houses have a real value,
90.
by datadata 4y ago
> Eventually the CRM system will realize you are never going to respond Citation needed. In my experience this does not happen. Additionally, even if true, the rate of new companies employing this strategy will mean that your inbox will

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