samsonradu

That s the thing I don’t get, how do they “issue” tether? Because if one says they peg it to the dollar then it must follow the dollar’s inflation. Otherwise somebody is at a loss because there s more tether value than usd or viceversa, even if they were fully transparent and fair.

Edit

Unless of course tether is not a store of value in any way and just a fancy name for a dollar.

Failing to understand how you could peg Tether to the USD and have people believe you. I was under the impression that pegging to a currency is something only a very big player, with close to unlimited resources can achieve, see People's Bank of China, Swiss Bank etc. Among others, you have to defend the currency against speculators and that requires a lot of capital.

Even the Bank of England failed to maintain the peg to the German Deutschmark some years ago. Can someone with more knowledge in the FX market area explain this better?

Lets all just thank the big central banks for pumping so much liquidity into the markets that people and companies are mostly clueless on what to do with the money.

And now everything seems like a good investment, you see average companies maling little to no profit acquired for billions, the housing market growing year-on-year, the US stock market up ~20% YTD. What’s the surprise?

I also tend to think that bitcoin is scarce only if it’s not forked. Can anyone elaborate?

Think cryptocurrencies are just waiting for George Soros to make a GBP-like move.

https://en.m.wikipedia.org/wiki/Black_Wednesday

As someone working in the web live-streaming space I will hold my breath until I see Apple on that list. There's always a party-breaker among the big players when it comes to supporting new tech. And then there we go again transcoding and adding software layers to make it work for everyone.

Silly question perhaps, but does Bitcoin have a finite supply after all? I understand that mathematically they'll run out of hashes starting with zeros or whatever, but if they fork it once every X years, is that considered finite?

The more centralized bitcoin becomes, and it will, the more vulnerable it will be. As time goes by a few exchanges will become huge BTC storage centers. What if it’s an inside attack and someone steals the data from the servers? Is there any insurance/rollback mechanism in place?

> He's of the opinion that university is a waste of time

What I understood was more like it's a waste of money, considering the outrageous price you pay for it and it's ROI.

Of course university is good for everyone, but if it comes along with a huge debt? He blamed the education system for bubbling up the prices and not providing enough value, to the point alternatives should be considered.

I really liked his point that people should stop believing university is all you need to be successful in life and blindly throw money at them because they have no better idea.

This! I honestly can't understand how one can blame Thiel for killing free speech. He basically evened the chances in front of justice. If there's anyone to blame for killing free speech it's the legal system who decided against Gawker.

I've watched more than a dozen talks from him and the education topic was one of the most interesting points. Care to elaborate what you mean by hostile?

> Your coins are securely stored across computers all over the world.

Please lets not start this debate. Times and times again it has been proven that software is not secure. OpenSSL was also thought to be secure for quite some time too..

Sure, but the internet serves the economic purposes of most of the world. Nobody wants it to go away. Can't say the same about bitcoin however.

I think the point is that bitcoin is very fragile and any powerful enough state-actor can bash it to the ground. There are various ways to achieve this, from shorting to propaganda, to attacking (hacking) large exchanges or miner networks and so on. Only time will tell of course, maybe that is already priced in.

Isn't it inherently bad to buy "as good as you can afford"? Employment is rarely stable throughout a 30-year period. Shouldn't people be much more careful when maxing out their mortgage relative to 'the good times'?

I think I’ve seen more JS bashing on HackerNews than anywhere else, I disagree with your example. Not sure though if grasping industry needs here is good or not.

All the orders placed are sent to HFT traders before confirmation so they can take advantage of the information.

There is even a commercial on Bloomberg for a broker that explicitly says they don’t sell out your orders like others do.

Hehe, that only applies to luxury goods, which are decooupled from supply/demand rules.

I'm not sure you can. If a site asks you for CC and CVV data it should already be PCI compliant, say a payment processor. Don't they need the plain text CC and CVV to be able to bill it, if it's a first time user? How can the client send a hash, compare it to what?

I'm really curious about how you see this working, I can't understand how you can forever obfuscate your CC info. I assume at some point the server needs your plain data.

Password itself is an exception, I agree with you since you don't need the plain value at all, you can get away with comparing hashes. But how about CC data?

Again, we're not storing anything. And in our case TLS is the layer we're using for protecting our data in-transit. You rely on it as a client when you send the form to the server.

Can you give me an example where POST-ing a form would be secure but responding with the data adds another attack vector? They're both protected by the same "layer" of security, isn't it? How is one more vulnerable than the other?

Think you're a bit confused about how it all works. There is no need to use plaintext, we'll assume we're using https by default. You are already sending the data from the client to the server, I can as well echo it back with a couple of validation errors.

I don't see the security hole in this situation, you do realise that regardless of the obfuscation you see in your password input fields, which by the way only protects from over-the-shoulder peeking, you are willingly sending data to the server and it will end up there unencrypted anyway. Otherwise there wouldn't be possible to do any operation at all.

> As a user it infuriates me when I fill out a long form, hit submit and find out I forgot to select the proper “Mr. Mrs. Ms” title and my password, credit card number and PIN have all be blown away.

I'm quite sure this is a sign of poor development, regardless of the form being validated on the server or the client. There is no reason for the server not to send back a fully pre-populated form.

Regarding full refreshes, I was thinking the other day why do browser vendors not implement them more graciously, as in Pjax style, but a clean reload. The problem with Pjax is that it still keeps state around, when I want to simply remove all state (setTimeouts, setIntervals, websocket connections, events binded to $window etc.)

Agreed, but the “Vagrant doesn’t start” saying is a real thing imo. Maybe it’s my experience but it doesn’t feel very robust.

Ha, I had a couple of experiences alike also. But then if you look at the big picture, it makes sense. You're a solid target for Bitcoin ads, you're in the same location with 3 other people, likely same demographics, interests, social status etc. and they become a target too?

This is all suppositions of course, I have no idea how it works. But I've tried this experiment with my gf once:

We both opened Instagram and started talking about a product class that we never saw ads for there, say like shampoos. We even mentioned a few brands and then waited for the ads to hit us. They never did.

EDIT We use iPhones

I tend to agree with the parent comment, a small team can get away without it if the software stack is stable. PHP 5.2 to 7 is quite a change and should have been documented upfront. I assume that the project must conform to certain software requirements. On the other hand, npm is full of surprises.

Can confirm, fees would be high due to chargebacks and fraud in general. See here [1] a couple of numbers from a common industry biller.

https://epoch.com/business_services

Can someone explain briefly how this works? I was under the assumption that you need to download the blockchain to be able to mine. Or in-browser mining just takes stabs in the dark?

Disagree with the author’s point of view on Netflix. I think it is quite a fragile business, with no monopoly whatsoever. I’m not much of a movie/series consumer though so might be biased about it.