grubles

7 ms·

1.
Codex32, a paper computer for generating Bitcoin keys(secretcodex32.com)
2 points by grubles 3y ago|0 comments
2.
Ethereum founder talks disguising purchases to make them look like a legit ICO(twitter.com)
57 points by grubles 5y ago|24 comments
3.
by grubles 5y ago
Maybe, but it was under the pretense that the project was intending to be "decentralized", not controlled by whales who followed the founders' advise of disguising their purchases.
4.
by grubles 5y ago
The point is that the founders apparently intended for large whales to disguise their purchases. This means individuals bought into a system that was advertised as being decentralized, when it was apparently intended to merely /appear&
5.
Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases(twitter.com)
84 points by grubles 5y ago|24 comments
6.
by grubles 5y ago
Wouldn't it benefit you much much more because, well, you premined a billion dollars worth of ETH for yourself and designed Ethereum to benefit wealthy people?
7.
by grubles 5y ago
>the whole system is only as durable as the increasingly-enormous data centers which hold all that information. That is exactly what Ethereum's direction has been for years now. It is centralized on Amazon AWS via Infura's node
8.
by grubles 5y ago
>Vitalik is consistently one of the most interesting people to follow Really? He has consistently argued for on-chain scaling and for people to not validate the blockchain state much like Elon Musk, with his seemingly 101-level understan
9.
by grubles 5y ago
You can use Lightning (a Bitcoin technology) to send BTC which is extremely cheap in comparison. Talking fractions of a cent.
10.
by grubles 5y ago
You can do much worse things in a PoS system since power in the system is tied to the asset (ETH). Ethereum DeFi toys are hacked on a daily basis and millions upon millions of dollars worth of ETH is stolen. It's exactly why the DAO ha
11.
by grubles 5y ago
Why did you edit out the actual address?
12.
by grubles 5y ago
Coinvotes in the context of massive insider premines is completely useless. Of course a coinvote would reflect "Yes to censoring the DAO hacker" because the DAO hacker controlled more ETH than the top 3 current ETH accounts. And t
13.
by grubles 5y ago
It shouldn't be much of a surprise to learn that Vitalik is part of the Ethereum Foundation which controls the trademark to Ethereum as well as all of the popular social media channels (r/ethereum, @ethereum twitter account, ether
14.
by grubles 5y ago
Vitalik, just one person, owns billions in ETH. That is the top 0.1%.
15.
by grubles 5y ago
Bitcoin layer-2 massively reduces the amount of energy used per transaction. For every on-chain Bitcoin transaction, potentially millions upon millions of Lightning transactions can occur.
16.
by grubles 5y ago
Vitalik in particular stands to gain from the system switching to rewarding those with more wealth in the system. And shockingly (/s) Vitalik allocated a disproportionate stake relative to 99% of people. It's the rich getting rich
17.
by grubles 5y ago
Nodes enforce the ruleset that miners must abide by, and can invalidate new blocks that miners generate. You can see examples of this in history e.g. bitcoin.com mining a block with a greater block size than consensus allowed, which caused
18.
by grubles 5y ago
Important to note that Vitalik massively gains from Ethereum transitioning to Proof-of-Stake since he controls a large percentage of total ETH due to premining it before the project launched.
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Bitcoin's “Taproot” soft fork has begun its signaling process(taproot.watch)
2 points by grubles 5y ago|0 comments
20.
Simplicity Jets (verifiable high-performance blockchain smart contracts)(medium.com)
1 points by grubles 5y ago|0 comments
21.
by grubles 6y ago
His access was revoked because having unused keys to the Bitcoin code is an attack vector. Citation here BTW: https://twitter.com/notgrubles/status/1247592193319198720
22.
by grubles 6y ago
"In this sense, it's more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It ha
23.
by grubles 6y ago
Gavin admitted he should have been removed because he stopped contributing. Why has HN comment quality fallen so low...
24.
by grubles 6y ago
That's not true at all. The decision makers in Ethereum care overwhelmingly about maximizing the value of their massive premine holdings. The latest EIP-1559 proposal (tl;dr ETH gets burned in every transaction) makes their stash an ev
25.
by grubles 6y ago
"Wrapped Bitcoin" is not "porting" BTC to Ethereum. It's merely a token that represents some sort of claim on actual BTC held with a single custodian (Bitgo).
26.
by grubles 6y ago
Block propagation speed.
27.
by grubles 6y ago
>They are each respectively at the top of their hash domains This doesn't matter much for ETH because its mining algorithm dissuades ASIC production. So there are some (large) number of GPUs out in the world not mining ETH that can
28.
by grubles 6y ago
I predict more and more blockchains in the future won't have extraneous speculative tokens (like ETH) since BTC has remained dominant for more than a decade. There are simply less and less reasons to buy or hold ETH when sidechains lik
29.
by grubles 6y ago
Most of the "tokenized Bitcoin" you're referring to is just an ERC20 promise of redemption from Bitgo's coffers. It's not at all comparable to Bitcoin's Lightning Network.
30.
by grubles 6y ago
It's hard to believe people are still repeating these verifiable lies.

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