0wing
Cryptocurrency Laffer Curve: limitations on bandwith and fees
Re:As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface
on Tuesday February 06, 2018 @08:38PM (#16321626)
Sounds like a bank or venmo type service...
Re:As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface
on Tuesday February 06, 2018 @11:51AM (#16317476)
Your appeal to celebrity icons does nothing to address the inherent problems with the lightening networks design.
Maybe you can explain the solution to the problems highlighted?
Re:As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface
on Tuesday February 06, 2018 @01:56AM (#16314834)
And keys in memory, which increases the attack surface - especially noteworthy with the intel bugs.
Re:As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface
on Tuesday February 06, 2018 @01:55AM (#16314830)
Re:Forget $9,000… Bitcoin falls below $7,000
on Monday February 05, 2018 @08:26PM (#16313786)
Proof of Work algorithms are not hard to calculate, it's simply designed to increase capital costs to access writing to the database (adding the next 'block' set of transactions to the blockchain).
The actual math amounts to a best effort guess in a lottery for write access to a database.
The network would function just as fast with 3-10 computers as it does with 3 billion times the amount of "computing" power.
In summary, Proof of Work is designed to waste as much energy and capital input as possible.
Re:Forget $9,000… Bitcoin falls below $7,000
on Monday February 05, 2018 @08:21PM (#16313765)
Even if OP is a Registered Investment Adviser registered with the Securities and Exchange Commission, it sounds like
Kasian Franks could be in violation of The Investment Advisers Act of 1940, 15 U.S.C. § 80b-1 through 15 U.S.C. § 80b-21.
Re:CFTC and SEC Testimony on Cryptocurrencies [pdf]
on Monday February 05, 2018 @06:24PM (#16313196)
Kasian Franks, are you a Registered Investment Adviser registered with the Securities and Exchange Commission?
Even if you are it sounds like you're in violation of The Investment Advisers Act of 1940, 15 U.S.C. § 80b-1 through 15 U.S.C. § 80b-21.
https://www.forbes.com/sites/feeonlyplanner/2011/05/19/are-y...
Seems like a conflict of interest which I'd imagine your lawyer should have been aware of if you're part these two ICO fintech startups - starmine.ai and vectorspace.ai
interesting story from an investor who got burned from the starmine ICO due to inability for starmine to be listed on exchanges:
https://www.reddit.com/r/icocrypto/comments/73xbo2/starmine/
Re:First ever film donation blockchain, help create motion pictures
on Monday February 05, 2018 @04:23PM (#16312315)
Donation?
Will the funds be in blockchain escrow to assure Anthony Daniel who is the CEO of Dream Comet Studios will not misuse the funds, or pull an exit scam?
Someone already tried this, and they predictably setup LLC shell companies with empty office spaces.
https://davidgerard.co.uk/blockchain/2018/01/26/children-of-...
Deep learning 3D render engine to model Lightening Network and Nash equalibrium
Re:Predicting Random Numbers in Ethereum Smart Contracts
on Friday February 02, 2018 @07:59PM (#16295481)
You misunderstand.
If a smart contract relies on an external data source from a normal server (oracle), then why even take the risk of deploying the smart contract?
If you're using an oracle for a data source you might as well do everything on a normal database.
Founder of BitTorrent is on a quest to develop an eco-friendly cryptocurrency
Probability for Geeks
Re:Predicting Random Numbers in Ethereum Smart Contracts
on Friday February 02, 2018 @07:20PM (#16295330)
What's the point of using the network then?
Why not do everything more efficiently via the "oracle" server?
Bitcoin is less about technology, more about psychology
Re:Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
on Friday February 02, 2018 @03:28PM (#16293938)
CAPEX and OPEX production cost have nothing to do with the market spot price, especially because most of the coins in circulation have been produced or acquired for far far far less than the rate it costs today.
Re:Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
on Friday February 02, 2018 @03:24PM (#16293911)
No one cares what it costs you to produce the product.
Most of the coins in circulation already exist, and sellers can easily sell for less than it cost to produce today because most of the coins were produced for far far less than today's cost.
Re:Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
on Friday February 02, 2018 @03:22PM (#16293896)
All of the endpoints and traders and users can be targeted.
http://www.phoenixnewtimes.com/news/feds-raid-home-of-arizon...
Re:Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
on Friday February 02, 2018 @03:18PM (#16293868)
Anytime you buy a crypto-asset, it's someone else cashing out.
Consider where and how these assets are created, as it's more than likely a system designed to extract wealth from greater fools.
If the system does not let you produce the asset for the same amount of work that someone else put in (cryptocoins generate the bulk of the supply very early, and then cut off produciton to new users forcing low liquidity markets to exploit new users), why would you want to contribute to that cryptosystem?
Re:Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting
on Friday February 02, 2018 @03:15PM (#16293845)
Lightening team is dubious and the design will likely evolve into a payment processor routing though a crypto-banking system.
https://medium.com/@jonaldfyookball/mathematical-proof-that-...
http://www.coppolacomment.com/2018/01/probability-for-geeks....
Re:Bitcoin drops below $9000 on Coinbase
on Friday February 02, 2018 @12:25AM (#16288623)
While the cryptography might be resilient [1], in the real world people have been getting their bitcoins hacked and stolen very very commonly.
The ecosystem has some serious issues to solve for it to be ready for an everyday user.
Re:Bitcoin drops below $9000 on Coinbase
on Friday February 02, 2018 @12:23AM (#16288614)
Well, mining Bitcoins is a net negative of wasted energy.
Every bit of computer power beyond the minimum threshold of efficiency needed to operate the transactions and database is a net loss.
Peak efficiency of the Bitcoin mining network would be about 3-10 basic desktop computers. Instead Satoshi Nakomoto's Proof of Work will waste more and more energy with nothing to show as time goes on.
Re:Bitcoin drops below $9000 on Coinbase
on Thursday February 01, 2018 @11:52PM (#16288509)
So you're saying Bitcoin is only good for early adopters and it's dangerous for new users to use Bitcoin because they could lose all their stored value when early adopters cash out?
Hmmmmmmmmmmmmmmmmmmmmmmm.........
Re:Bitcoin drops below $9000 on Coinbase
on Thursday February 01, 2018 @09:09PM (#16287820)
Raiblocks aka Nano is a scam.
"Distribution is complete" - how was the supply created and distributed?
https://raiblocks.net/page/frontiers.php?limit=100
Basically someone created Raiblocks by forking another DAG 'blockchain' database, and allocated themselves millions of coins spread across many addresses. A few thousand coins were given to the public if they clicked captchas.
These people who generated raiblocks / nano are now essentially multi-level marketeers trying to convince you to buy their beanie babies.
https://www.youtube.com/results?search_query=raiblock+captch...
Remember, anytime you buy a cryptocurrency means someone else is trying to cash out.
Re:HyperNormalisation by Adam Curtis (2016) [video]
on Thursday February 01, 2018 @08:49PM (#16287730)
High resolution here:
http://thoughtmaybe.com/hypernormalisation/
More of Adam Curtis's filmography:
Re:Cancer ‘vaccine’ eliminates tumors in mice
on Thursday February 01, 2018 @03:37AM (#16280401)
Yes but can it be done with minimal side effect?
Curing cancer with a bullet works too but the host suffers some adverse side effects.
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether
on Wednesday January 31, 2018 @03:12PM (#16277112)
some contractor sold some an artificial intelligence predictive crime product to catch baddies somewhere in that pipeline
Re:Why I find IOTA alarming
on Wednesday January 31, 2018 @06:27AM (#16273091)
RAIblocks isn't a protocol, it's someone running a centeralized database that publishes the results to everyone else. Dubious.