100001_100011

SVB-like bank runs can be prevented with VBS-like locking.

https://havenprotocol.org/knowledge/vbs/

Can you say how you made AdWords' billing system impossible to hack by employees that had root access?

> I think it could be implemented in a distributed way, with no central server,

Fixed by Bison Relay released yesterday.

I found this viewpoint about FP in Rust pretty interesting. Can you elaborate?

You wrote too many false sentences. Here's one: "the technology is useless beyond any kind of recovery."

The technology works. People use crypto for payments.

> Now the only real way to force all these people to use a single blockchain and make them follow normal accounting procedures would be to pass a law making them do it.

I wouldn't be surprised if someone put you up to coming here and writing all this, so you can go back and claim something like "I ran this by lots of smart people and they agree the only way is to pass a law", and then use this to back some legislation.

11 months old isn't brand new.

The way I find the OP isn't a blatant lie. It's the truth: how I find the OP.

Now I'm wondering about you.

I read the parent's post.

"No blockchain can ever guarantee there's any visibility or accountability."

Ever? Clearly this sentence is false. It takes only one counterexample to prove it.

Here's the counterexample. If all the world's money are on a single blockchain and there are no banks, the blockchain guarantees visibility and possibly accountability.

Please don't be gratuitously negative. It's to your benefit to be precise.

I don't find this argument coherent.

Did someone pay you to come here and write these things?

Are you a lawyer?

Are you a crook?

> This is completely and utterly irrelevant and has not stopped anyone from performing massive fraud.

So is fiat currency.

> The blockchain also won't tell you the actual details of the deals this guy was making

Why should it?

Does your bank tell the world the details of what you shopped from the grocery store today?

Financial privacy either is or should be a human right. Banks fail to protect this right. Blockchains can protect this right.

> No blockchain can ever guarantee there's any visibility or accountability

Visibility or accountability of what? Many blockchains are public.

I find you not only misinformed but possibly intentionally trying to mislead people.

"The amount of energy necessary to refute bullshit is an order of magnitude bigger than to produce it."

- Paul Kedrosky

> It is a blockchain failure in that blockchains in general cannot actually support transactions like this.

"The #LightningNetwork has a theoretical throughput of 40 million #TPS... Lightning enables #Bitcoin to be a planetary scale decentralized medium of exchange."

https://twitter.com/Excellion/status/1456088664132440069?cxt...

Reproducible builds are for developers. As a user I didn't build the app on my phone.

I have a phone with Signal on it. Tell me what I should do to verify it's running the open source Signal code.

How do you know if the Signal client running on your phone right now doesn't include a backdoor? Sure it's open source. But how do you know how it was compiled?

What if someone changed the open source before shipping it to the app store?

"There lies our problem: we can’t use eval"

And there lies the solution: fix eval.

Maybe Robinhood wants to use this money to buy the dip.

What I posted isn't mutually exclusive with the parent comment.

The lightning network on top of Bitcoin scales the number of transactions.

Please stop placing claims where I didn't make any.

Bitcoin uses less energy than Gold Mining and the Banking System https://twitter.com/topimp21/status/1542863870552936448

"Bitcoin uses 2-56 times less energy than the fiat system" https://bitcoinmagazine.com/culture/bitcoin-environmental-de...

Why are algorithmic stablecoins not the answer?

More context https://www.youtube.com/watch?v=dPDak2o9VSk