proofofmoon

5 ms·

1.
by proofofmoon 8y ago
Which ones are you thinking of? They should support immutability and auditability as first-class citizens while being resistant to third-party manipulation/coercion.
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by proofofmoon 8y ago
No reasonable industry would use Bitcoin's proof of work to transact between <10 semi-trustworthy parties. We're talking about private, permissioned blockchains.
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by proofofmoon 8y ago
Who maintains the source of truth for this record of agreement? If it is one entity, that's the unaccountable middleman. Blockchain is not right for every environment, but there are industries where the middlemen are taking more than t
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by proofofmoon 8y ago
With a SQL database, how do you achieve consensus on a proposed transaction without a middleman taking an arbitrary cut of the proceeds?
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by proofofmoon 8y ago
> Mining several blocks in private to confirm the fake transaction may be needed to prevent the other miners from reorganizing the blockchain in order to steal the fees and output of transaction T. If the attacker is not in collusion wit
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by proofofmoon 8y ago
Fiat money loses purchasing power by design. This rate has accelerated when governments need to raise money. They have been seized overnight. In 2020, Bitcoin will inflate slower than most fiat currencies. The culture enforces that this rat
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by proofofmoon 8y ago
On Facebook, you can create updates that your friends will see and consume updates from them. While these updates go through some filtering and sorting, they are still much more decentralized than curated updates from newspapers and TV.
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by proofofmoon 8y ago
If we define "pyramid-Ponzi scheme" is that the value goes up if more people talk about and buy it, then every asset is a pyramid-Ponzi scheme. Startup shares, lottery tickets, stocks, US dollars, oranges, everything. It's no
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by proofofmoon 8y ago
What about in 2023?
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by proofofmoon 8y ago
Fiat onramps will remain important because they drive the majority of mainstream adoption. Setting up a fiat on-ramp in an alternate jurisdiction invites a poker Black-Friday style government intervention ( https://en.wikipedia.or
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by proofofmoon 8y ago
AI research demand is a lot easier for AMD/Nvidia to project, which allows them to ramp up production and keep prices stable. Side note: AI research is more beneficial to society than running a few instances of Crysis 9 at 4K 120HZ.
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by proofofmoon 8y ago
Most ICOs are speculative but not Ponzi/pyramid schemes. They do not borrow against previous investors' funds and they do not have referral DAGs. Do you consider Facebook's IPO a Ponzi/pyramid scheme?
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by proofofmoon 9y ago
How much control does Jed McCaleb have over this foundation?
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by proofofmoon 9y ago
This is only useful if the bits are useful independently of the creators. For example, the gaming streamer, hiphop, and Discord tokens would be valueless without the promises of merchandise, giveaways, and upvotes.
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by proofofmoon 9y ago
We need to balance consumer protection with chilling effects on innovation. If regulators had applied strict interpretations of securities law to cryptoassets and exchanges, only accredited investors would have been allowed to invest and on
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by proofofmoon 9y ago
Stellar will have "complicated token locking" (Lightning Network). From the post: > And Stellar's lightning network will launch this year.
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by proofofmoon 9y ago
Rebalancing cryptoassets on the same exchange (without withdrawing to a wallet [1]) doesn't require on-chain transactions. The fee would be the order fill fee, which for GDAX is 0-0.25%, much less than 2% of the account balance. ([1] F
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by proofofmoon 9y ago
> profits are slim at best, and you generally take what you can get from a revenue perspective ... publishers today have about as much bargaining power as do Uber drivers [1] Because of the race to the bottom incentives for publishers, w
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by proofofmoon 9y ago
O(n) total world energy expenditure on Bitcoin scales to O(1) transactions, so it currently only gets worse as more energy is poured into the system for the same transaction output. There's a few solutions proposed: - off-chain transac