News for hackers. Stuff that matters.

srib

Re:Alibaba has lost $344B market cap in the past year on Tuesday October 26, 2021 @12:00PM (#29002042)
Great time to accumulate $BABA.
I am a strong believer of voting with your wallet.

Don't like something? Build something better. Opinions in news media are worthless.

Re:Bitcoin Mining’s Three Body Problem on Wednesday June 03, 2020 @01:31AM (#23400140)
That argument, unfortunately, is a slippery slope. One could list a gazillion things that are good for the environment. The environment argument against Bitcoin has been thoroughly debunked.

There are several valid points of criticism against Bitcoin. I wish more effort is put into it to criticize it along those fronts.

Re:A new weapon in arbitration: sheer volume on Tuesday April 07, 2020 @12:36AM (#22800375)
Just a distributed denial of service attack.

It is amazing how so few systems are inherently robust to DDOS.

Re:Cryptocurrencies Are Detrimental to Society on Friday March 27, 2020 @11:10AM (#22703426)
OP, how do you propose that Bitcoin be shut down? How would you go about it?
Re:Why Nadal is unbeatable on clay on Saturday July 13, 2019 @10:23PM (#20431291)
This is a terrific piece as well. Thank you!
Re:Why Nadal is unbeatable on clay on Saturday July 13, 2019 @06:19PM (#20430510)
The linked piece is excellent. I had not read it before. Thank you sharing it!
> Surely the religious leadership is not happy with that.

Hindu religion is not like Catholic Church. Unfortunately, in such issues, it is very fragmented and 'decentralized' with multiple different sects, castes, pontiffs etc.

Uttar Pradesh, where Ganga mostly flows has a lot of water heavy low-tech businesses. Leather tanneries is the first thing that comes to my mind. Illiteracy doesn't help either.

Things are changing. Ganga in Varanasi and a few other areas are much cleaner in the last couple years than they have been in the past!

Re:Will Bitcoin Make a Good Investment? on Thursday July 04, 2019 @04:37PM (#20357582)
> Most people bought during the peak, that's why it was a peak.

There is no cure for jumping in with your emotions and money into markets.

How is it any different from buying stocks at its peak? If you bought SPY during 2008 peak bubble, you had to wait for 6-7 years to even break even!

Re:Will Bitcoin Make a Good Investment? on Thursday July 04, 2019 @04:29PM (#20357506)
In the conventional way, you are right.

However, there is a system that is evolving to generate returns for your open lightning network channels. They do generate small amount of returns. [0]

[0] https://medium.com/@timevalueofbtc/the-lightning-network-ref...

Re:Will Bitcoin Make a Good Investment? on Thursday July 04, 2019 @04:23PM (#20357472)
Except for a small window around the peak in December 2017, if anyone bought bitcoin anytime during its existence, they would be profitable now.
I wonder if any of this is implemented in OpenVDB[0]?

[0] https://www.openvdb.org/