hybridsole

8 ms·

1.
by hybridsole 7y ago
Why does JPM Coin need a distributed ledger if it will inevitably have identity requirements and central control by the bank itself? This is something like when CompuServe wanted to create their own version of the internet, and pretend it
2.
by hybridsole 8y ago
They don't make any sense. Anyone planning something will now anticipate this. It only discourages honest people from staying in a traditional hotel. You can either relax in an air-bnb or worry about the hotel service demanding entr
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by hybridsole 8y ago
I'll give you $5k for a bitcoin, and I could find you 100 people within 100 miles of you who would do the same thing today. It has value because people give it value.
4.
by hybridsole 8y ago
To which the honey badger says, "Bring it on". Bitcoin is a public network that has been attacked relentlessly by the best hackers in the world for the past 10 years. It is currently protecting/storing around $115 billion d
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by hybridsole 9y ago
But it doesn't mean they propagate "fine" if it pushes smaller participants off the network. That is exactly what cryptos like Bitcoin are trying to avoid.
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by hybridsole 9y ago
The difficulty recalculation in Bitcoin ABC was reduced significantly. I believe it is 6 blocks but could be wrong. At most it would take several days as opposed to several weeks.
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by hybridsole 9y ago
Litecoin has a fraction of the transaction fees of bitcoin, so instead of buying something that costs $10 and paying about $1 in miners fees, with LTC you would pay a few pennies at most. Granted, most retailers only accept Bitcoin if they
8.
Two Largest Dark Net Markets to Begin Accepting Monero for Payments(deepdotweb.com)
1 points by hybridsole 10y ago|0 comments
9.
by hybridsole 10y ago
Computationally difficult is a bit of an understatement. It is not possible to alter the bitcoin blockchain once a block is added and confirmed. With limitless resources, you could perform a withholding attack to modify the most recent hal
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by hybridsole 10y ago
Lyft user here. I always ask the question "What do you like about Lyft compared to driving for Uber"? The answer is that Lyft takes better care of them with better pay incentives and less rigorous scheduling demands. If you want
11.
by hybridsole 10y ago
Thank you for your contributions, NobleSir. I think out of all the cryptocurrencies, if there's one that will take real market share away from Bitcoin, it'll be Monero.
12.
by hybridsole 11y ago
Why not just use a big SQL database that they all control? What's the difference between that and a private blockchain?
13.
by hybridsole 11y ago
That's not really accurate. There are many stakeholders in bitcoin that are part of the ecosystem and all can determine its future. Mining is one part of the equation, there are nodes that validate transactions, there are exchanges tha
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by hybridsole 11y ago
Yep, they should just stick with the current system of 3-5 day transfers, giving over all of your personal information, and being subject to freezing/closure at the whim of authorities with no due process. Bitcoin transactions rarely t
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by hybridsole 11y ago
You might find it interesting to note that USAA is partnering with Coinbase to give account holders a view of their Bitcoin balance along with their USAA accounts. It seems the partnership between banks and bitcoin is already happening.
16.
by hybridsole 11y ago
Bitcoin can still allow for microtipping using something like ChangeTip. These third party services can handle millions of transactions and only needs the blockchain when a user loads/withdraws from their wallet. Likewise if there was