Other than that, I’m genuinely excited about this.
Why is it so difficult to figure out how to get the software?
1,232 karma · joined August 23, 2014
Other than that, I’m genuinely excited about this.
Why is it so difficult to figure out how to get the software?
You might want to try meditation, it let’s your brain dump these thoughts and then be more present.
PoS is a disaster waiting to happen for Ethereum.
The antitrust cases were lost for a reason.
Used to love the company and what the people there stood for. Crazy how things have changed.
There need be only one decentralized, immutable ledger to handle all transactions, the store of value and registration of assets for the entire planet.
While we’re comparing Apples and Oranges, credit cards don’t confirm payments for weeks and there are significant fees associated with accepting transactions, apart from that risk for the merchant.
What I meant by this is the total energy expenditure of current payment systems (Credit cards, PayPal, WeChat Pay, Alipay, SWIFT, ACH, SEPA) including the overhead of fraud detection, chargebacks and the cost of fees on the economy.
To be entirely fair you would also factor in the cost of QE & inflation.
Although cryptocurrency isn’t widely used as such, notarization and its associated costs could also be taken into account.
All of these factors are obviously extremely difficult to estimate properly.
I still stand by my assertion that a mature cryptocurrency would be less costly for the global economy than the current systems of regional central banking and the damaging credit & debt cycles it brings with it.
Currencies are adopted and developed on a different time scale than most other technologies we are used to.
Saying cryptocurrency has failed after being around for 10 years is shortsighted and not giving the incredible minds working on these problems enough credit.
The immutable base layer Bitcoin provides is also on a trajectory of feature completion and second layer technology will increase the amount of transactions per kWh tremendously.
Who knows what benefits micropayments or smart contracts are poised to bring to further increase the efficiency of the global economy?
I suggest you ask him e.g. on Twitter: https://twitter.com/ajtowns
I think the jury is still out on Lightning.
One has to admit that the reputation of the entire space has been tarnished by snake oil salesmen. For some historical context it is worth looking at countless examples such as the Railway Mania[1] of the 1840s or the more recent Dot-Com bubble[2]. For more depth one can read Mackay[3].
Some of the most promising advancements in payment channels were only published as papers in 2016[4] and are understandably still being implemented. If anything the speed at which enthusiasts are willing to deploy experimental software at their own risk is breathtaking.
Regarding the environmental impact of the Bitcoin network, while being widely derided for its energy use, it is in fact using less electricity than the major credit card networks. It is also using less energy than global gold mining. There are ways to reduce consumption should a consensus accept the tradeoffs.
The term "Blockchain" as it is currently used often refers to private chains which are in vogue with corporate stakeholders. This appears to be a solution in search of a problem–I have not been able to identify a compelling use case here either.
Most ICOs are outright scams.
It is truly unfortunate that promising advancements of micropayments, smart contracts and the world's closet thing to an incorruptible currency are lumped together with so much rubbish.
[1]https://en.wikipedia.org/wiki/Railway_Mania [2]https://en.wikipedia.org/wiki/Dot-com_bubble [3]https://en.wikipedia.org/wiki/Extraordinary_Popular_Delusion... [4]https://lightning.network/lightning-network-paper.pdf
People are forgetting that Nakamoto Consensus is a legitimate CS breakthrough concerning the Byzantine Generals Problem.
Is it acceptable to bash every stock in the Nasdaq just because a second tech bubble popped and some SV companies are behaving unscrupulously?
Frenzied speculation brought about inadvertent side effects but these should not detract from the fact that significant advancements are continuously being researched and implemented.
No currency peg has ever been defended indefinitely.
And pegging crypto to USD doesn’t solve the problem it was created for in the first place.
After all if deflationary currency is worth more tomorrow, one wants to make sure an investment in the future is sustainable.
Notably one is especially interested to invest in a deflationary economy because the gains are multiplicative.
TransferWise has significantly better fees than Revolut for currency conversion and also offers a card.
Of course our emotional state is a derivative of our daily experiences, so we cannot always affect it directly.
Regular exercise, good sleep, healthy diet and taking a break every now and then go a long way however.
Ideally Firefox wouldn’t rely on contacting any third parties in their default browser configuration.
The current result is that Wil Wheaton has chosen to abstain from a certain social network and an alternative which he had hoped would alleviate the problem.
Suggesting that companies need to deal with the problem leads to an attempt at a technical solution.
Ergo you are financially better off renting, and investing the money you would have spent on a house.
The question I’m posing is, why are we so attached to our identities online?
If an angry mob follows us around online then why not use a pseudonym and let our posts be judged on their own merits, instead of our reputation?
I only found out that the company had quietly changed what used to be Cherry switches for Chinese knock-offs after buying the keyboard.
One of the most regrettable purchases I ever made.