Hacker News Reader

nmjon Buy, sell, send and receive Bitcoin Cash on Coinbase

For the same reason we do not make bigger cars when we want to go to space.

nmjon Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf]

You managed to cram so much wrong into a post it's unbelievable. Let's start with your 'off by one' address scare tactic. Bitcoin addresses contain a built-in check code, so it's generally not possible to send Bitcoins to a mistyped address.

https://en.bitcoin.it/wiki/Address

Ecological concerns? A global, nacent value exchange system uses a little more than the total electricity of holiday lights. In fact many miners use cheap unused energy that would be otherwise costly to build infrastructure to sell normally.

https://icenter.co/chinese-hydroelectric-crackdown-herald-de...

Too confusing? Seems familiar. Here's a video from 1994 with some talk show hosts confused about 'internet'. Just watch this, please.

https://www.youtube.com/watch?v=UlJku_CSyNg

nmjon Steam is no longer supporting Bitcoin

What are your dollars but numbers being added and subtracted in a database? Things have value because people assign them value. There isn't some magical property that makes the trust in US government more legitimate than trust in math and cryptography. It would seem a lot of people would argue in favor of the latter as well.

nmjon Bitcoin passes 10,000 USD

Guess what has to happen to maintain or increase value transfer when you have reached a limit on blocksize.

Ding ding ding! You guessed it!

The price must rise. The utility has not degraded and just looking at 'number of transactions' is not useful. Just because I can move some arbitrary number of units in a given timeframe does not mean my unit is more valuable. Banks can move way more than 600k USD transfers in a day.

nmjon Bitcoin passes 10,000 USD

Nah, there are still just 21 million bitcoin. Nice try though.

nmjon Bitcoin passes 10,000 USD

I'm so tired of this uninformed critique.

How do you propose we increase throughput on a competitive space without compromising the byzantine fault tolerance of the bitcoin network?

Go on, I'll wait.

It isn't just 'make the blocks bigger'. That's like telling a developer to just ship more code. We didn't scale the early internet by making packets bigger. Open your mind and stop repeating things you read just because you read it. Think for yourself and if you are uninformed about a technology then do not open your mouth to speak. You don't reach scale and adjust a hundred billion dollar network by hacking fixes, you do it by carefully making calculated changes with science and testing behind your decisions. The developers working on bitcoin today have done more to contribute to the growth of bitcoin than detract and the sheer volume and scale are unprecedented. Nobody is equipped to say one solution is obviously better.

nmjon Bitcoin passes 10,000 USD

The amount of tether doesn't even come close to accounting for the upward price movement.

nmjon Bitcoin passes 10,000 USD

If you believe USD will maintain its value (which historically it hasn't) and that banks will not steal your money (which historically they have), then why even use Bitcoin. You're arguing the wrong points, it's not about who can be faster than who, "I can change database values faster than anyone!" It's about guarantees on that action and no central entity (e.g. Bank) can match the guarantee provided by the decentralized, trustless nature of Bitcoin.

nmjon Bitcoin passes 10,000 USD

You can easily be confirmed within approximately 10 minutes (the fastest possible time) for about $4 USD. The volume of Bitcoin (on chain) and competition to enter a block is healthy. It is nowhere near $100.

nmjon Bitcoin Blows Past $9,000

What? It's a buyer seller market. By your terrible logic markets are pyramid schemes. This is upvoted?

nmjon Bitcoin Blows Past $9,000

The utility has gone down? Bitcoin utility hasn't gone down it has had many additional features built into it but the utility has not changed.

The fact that this is upvoted so high really shows the number of people who truly lack an understanding of an asset but are vocal in spite of that fact.

nmjon Blockchain technology could reduce role of banks, says BIS

Your understanding is incorrect.

nmjon Encrypted Messaging Apps Face New Scrutiny Over Possible Role in Paris Attacks

Kind of sick of hearing government officials saying encryption is evil. This stance is disingenuous at best and dangerous at worst.

nmjon Banks Forgot Who Was Supposed to Own Dell Shares

You trust violence more than mathematical improbability? Okay.

nmjon Banks Forgot Who Was Supposed to Own Dell Shares

You're thinking small. Imagine a world where there aren't parasitic entities littered throughout a process. Imagine a world where I do not need to trust any third parties in order to exchange any sort of value. Imagine a world where you can exchange your stake in a company directly, with another person, P2P.

nmjon Humans should think of sizeof() as a function, says Linus Torvalds

> Here's an example of a really bad use of "sizeof" that doesn't have the parenthesis around the argument: sizeof(*p)->member. Quite frankly, if you do this, you should be shot.

Good ol' Linus

nmjon Preparing for Warfare in Cyberspace

Johnson also pushed back on the tech industry’s demand for greater encryption, saying that it hinders the government’s ability to detect criminal activity. The trend toward deeper encryption is an issue that “presents real challenges to those in law enforcement and national security,” Johnson said. “We need your help to find the solution.”

Interesting stance to state publicly.

nmjon Show HN: INeedAResume – Modern free resume generator

Hijacking the left and right arrow keys turns filling out forms into a frustrating experience.

nmjon EBay to Spin Off PayPal

The anonymity aspects of bitcoin could result in more fraudsters getting away with fraud.

Ignorance creates comments like this. Bitcoin transactions are not reversible, you have zero opportunity for fraud as a buyer.

nmjon Circle opens doors to global audience

Wrong. Buy/sell spread is zero, research before you speak.