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null0pointer

Yep, Bitcoin uses Proof of Work (computing power) for consensus, while some others like Ethereum use Proof of Stake (coin ownership).
Re:How Monero Fulfilled Satoshi's Promise on Friday March 07, 2025 @01:32PM (#43292797)
Bitcoin could have achieved that goal if it had been allowed to scale. Monero uses a dynamic block size so will be able to achieve the transaction throughput if usage reaches that level. Transaction fees on Monero however are limited to a few tiers in order to make it more difficult to deanonymize transactions by fee size, so without a fork in the future (which is a normal occurrence on Monero) the fees will remain higher than Visa.
> Connect to a node that processes a million dollars worth of transactions per day

Your solution is to centralized transactions on a few large payment processor nodes?

The core problem of LN remains, which is that in order to operate a LN node you must keep it always online or risk having your coins stolen. The entire point of creating a L2 network in the first place was because Bitcoin Core decided that scaling the base layer with larger blocks would harm decentralization by making it more difficult to operate a Bitcoin node. Well anyone who has ever operated a server can tell you that maintaining near 100% uptime is a much much higher technical bar than buying a larger hard drive.

The alternative for LN users if they don't want to operate their own LN node is to give up custody of their coins to someone who does operate a node, but this goes against the core premise of cryptocurrencies.

Re:Trump's 'Crypto Reserve' Is Such Brazen Corruption on Wednesday March 05, 2025 @02:43PM (#43271307)
How about that 50x leverage $200M BTC + ETH trade mere minutes before Trump announced the crypto reserve? [0] Like we all know Nancy does it but that doesn't make it ok for the Grifter in Chief to do it.

0: https://old.reddit.com/r/ethtrader/comments/1j2891u/whale_wi...

Re:The Kill-or-Be-Killed Fight for Crypto's Future on Tuesday March 04, 2025 @03:06PM (#43259318)
You are never _guaranteed_ to win a race against honest block producers for any finite time horizon, even if you owned 99% of all hashing power.

A double spend via 51% isn't really feasible anyway. A double spend attack, in the simplest case, is to:

1. Pay for good or services

2. Receive delivery of the goods or services

3. Invalidate the original payment once the goods or services are no longer revokable.

For a double spend to be worthwhile the value of the scam must exceed the cost of the scam. Maintaining >50% hashing power is extremely expensive and is more and more expensive the longer you maintain it. Therefore the value of the scam must also be extremely large. For crypto transactions it's common sense to wait for more and more confirmations (additional blocks mined after the block containing the transaction) before delivering the goods or services as the size of the transaction grows. Since it's trivial to wait for N+1 confirmations as the seller of goods or services it's trivial to defend against double spends for any meaningful amount of money.

They do not use data as a decision making tool. They use data as post-hoc justification for decisions already made.
Re:A Letter to the American People on Saturday March 01, 2025 @09:47PM (#43226662)
I found Marc to be totally insufferable in that episode too. It was blatantly obvious that everything he said was a weak, nonsensical attempt to justify his (and Elon’s) obvious goals of destroying government infrastructure to enable privatization, and removing any and all regulatory oversight so the billionaire class can further exploit America’s labor and natural resources. Both of which do nothing to help the ordinary American but do a lot to enrich the billionaires.
Re:Zelensky leaves White House after angry meeting on Friday February 28, 2025 @04:28PM (#43211421)
You are confusing the principle and western liberal value of freedom of speech with the first amendment, which is an implementation of the value.
I had the same feeling. Excellent work!
Just a guess as I really have no idea but maybe subsidies?
Re:US and UK refuse to sign AI safety declaration at summit on Wednesday February 12, 2025 @03:43PM (#43029573)
Camera authentication will never work because you can always just take an authenticated photo of your AI image.
Re: on Monday February 10, 2025 @01:33AM (#42997513)
Very well written, and more or less aligns with my own thinking.
Re:Introducing Operator on Thursday January 23, 2025 @11:41PM (#42810596)
If they are already collaborating with these companies then why not just have them agree to allow access to their APIs and avoid all the wasteful AI agent middleware shit?
Re:Introducing Operator on Thursday January 23, 2025 @11:36PM (#42810576)
No problem, itskarad. I’ve ordered a pallet of Cadbury Creme Eggs to your house due for delivery tomorrow morning.
Re:OpenAI has upped its lobbying efforts nearly sevenfold on Wednesday January 22, 2025 @05:56PM (#42798408)
It's a literary analogy, not a physical analogy.

And I disagree about the work when it comes to information. Our natural inclination as humans is to share things we find interesting. Like "check out this song" or "check out this article". I don't think this takes much work. It just happens. In this sense the information is free like the stream is free to flow through the hills.

On the flip side there is substantial effort put into impeding this free flow of information with schemes like DRM. Similar to building a dam. But once cracks form the free flow resumes.

Continuing the water analogy you could say there is also substantial effort put into building the infrastructure to make information accessible to many more people. As a library is to a city's plumbing infrastructure.

Re:OpenAI has upped its lobbying efforts nearly sevenfold on Wednesday January 22, 2025 @02:43PM (#42796706)
Information wants to be free (as in libre) in the same way water wants to flow downhill.
I’d love to see that happen as much as you but it really is irrelevant for this case. The truth is that this case is about which government gets to brainwash the masses. By far and away the greatest threat Tiktok poses to the US is a foreign government having that ability to control public opinion en masse.
What does this shutdown mean for US employees of Bytedance? Will they shut down their US offices or continue business as usual working from the US but only serving users outside?
You seem to be referring to the United States' First Amendment, whereas freedom of speech is a western liberal value. The parent comment was pointing out that Zuckerberg does not uphold the value.
> Had to prove I wasn't.

How did you prove it? What is their standard of evidence? My intuition says it would be difficult to prove a negative.

Re:I've Acquired a New Superpower on Friday January 10, 2025 @02:43PM (#42659325)
You can use this same technique to view glasses-less 3D (stereoscopic) images. It's also fairly easy to create your own. Take two photos but offset the camera lens by approximately eye-width. Open the image editor of your choice and place the images side-by-side. View the composite image cross-eyed and you are now viewing a 3D scene.

Also worth noting there are 2 versions of this kind of cross-eyed focus depending on whether your eyes are focusing on a point in front of or behind the actual image. This determines which side the left and right eye images should go on in the composite. I find it easier to focus on a point in front of the images but IME most examples online are for focusing on a point behind the image.

I bet it’s a bug but their metrics suffered when they fixed it so they rolled it back.
Re:Online Behavioral Ads Fuel the Surveillance Industry on Tuesday January 07, 2025 @11:29PM (#42630915)
Quoting myself from a previous post, I think we can solve several problem at once; including funding the sites you visit. Now I just have to get off my lazy ass and build it.

https://news.ycombinator.com/item?id=41677216

“ I’d like to see more work put into finding ways to utilize the work from PoW. For example I have an idea to use Monero’s CPU-favoring PoW for PoW based DDoS protection as seen in Tor [0]. When a user accesses a website they are given a PoW challenge to complete. This challenge is actually for a share of mining rewards as in P2Pool. The mining reward share would go to the website operator. This would harmoniously improve several things about the web. First, it would help protect websites against layer-7 DDoS attacks. Second, this L7 DDoS protection reduces the webs dependence on companies such as Cloudflare, the internets biggest man-in-the-middle. Third, it provides a way to pay website owners costing the users a small amount of their computers time and energy in much the same way as ads do currently. Fourth, it reduces the webs dependence on advertising as the way to fund your website. Fifth and finally, it helps secure the web-native currency in which website operators would be paid and which others can use for whatever they want.

I think such a solution would be truly beautiful.

0: https://blog.torproject.org/introducing-proof-of-work-defens... “

It certainly is a finding of innocence when the presumption is innocent until proven guilty.
Author is most likely farming credibility with blog spam.
> try to get people fired for things they said 10 years ago

I assume the implication here is that the thing they said 10 years ago was less inappropriate back then. So how do you predict sensitivity changes 10 years in the future to limit your speech today? Even if you delete posts after, say 1 year, archives exist. Shouldn’t you just not say anything if you’re afraid of this? Maybe discussion of self-censorship like this will be taboo in 10 years and the ship has already sailed.

I’ve seen many people make comparisons between these things and the social media ban, but I actually think they’re quite poor comparisons.

The main concern is around enforcement, which is still TBD for this ban. I assume you mean illicit drugs which are banned for everyone so I’ll skip that as it’s not relevant. For sex/marriage, these are basically not enforced until people notice or they cause a problem so again are not relevant. Driving is an interesting one but I’ll come back to it. The closest comparison here is alcohol and tobacco.

For alcohol and tobacco sales the rule of thumb staff are trained on in Australia is if the customer looks younger than 25 they ask for ID. The customer present their ID, the cashier visually checks the DoB, and the sale goes through. This does not affect the majority of Australians who either do not smoke or drink, or look old enough that no ID check is done. Enforcement for a social media ban would be onerous on all Australians who use social media (I don’t have numbers but I’m sure it’s more more than (smokers ∪ drinkers)) plus the scope for potential abuse or infringement of rights is far greater. Compare this to social media. How would such a ban be enforced? The kids are not stupid, they will find a way around whatever the enforcement mechanism is. So either the enforcement will be a) trivially circumventable to the point where the legislation is completely useless for its ostensible purpose, or b) devolve into an endless cat-and-mouse game trampling Australians’ rights every step of the way. Depending on how eager the Aus gov is to enforce this it could easily extend to VPN bans, destruction of anonymity online, and yet more means to eliminate free speech. These things are all extremely important for a functional society where people, especially vulnerable and marginalised people, can speak up without fear of retaliation. A cashier checking your ID at the shop is nowhere near the top of a slope as steep, nor slippery as this.

Driving is a really interesting comparison here actually. I’m not sure I would be opposed to a social media license. In the same way the purpose of a license is to ensure that road users can do so in a safe manner, maybe something similarly focused on education would be more helpful here than a ban. I’ve actually long blamed a kind of tragedy of the commons for the sorry state of the modern internet. Most users are simply not savvy enough to know better than to use it in all but the dumbest ways, fall for the dumbest scams, and basically allow themselves to be corralled like cattle into the sterile advertiser-friendly pens big tech companies have constructed for them. So in anger I’ve sometime said we should only allow licensed users online. Anyway that’s a bit off topic but a social media license is an interesting concept.

It’s more about who has access to the data and how easily. Plus the potential of creating a massive target for hackers.
They mean the root of this comment tree, not your parent comment.
Did you even read the parent comment?

> As a parent, you should be making these decisions for your children - not your government.

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