News for hackers. Stuff that matters.

whoisninja

Re:Coinbase Is Reportedly Selling Geolocation Data to ICE on Thursday June 30, 2022 @03:10PM (#31937127)
scam company peddling vc money grab tokens

sooner it goes bankrupt, the better it will be

there's no such thing as stuck Bitcoin on-chain tx unless you don't pay enough . fees and fees rn is around $0.50 to move any amount of value.

these altcoin casino companies are ridiculous

credit bubbles go pooof my friend all valuations in speculative markets are covered in derivatives and credit/leverage

self-custody of a hard money cancels risky credit

Re:Bitcoin consumed 134 TWh in total during 2021 on Sunday January 02, 2022 @12:39PM (#29771091)
now do cloth dryers
this is what your profile says: Researching and programming decentralised finance. The code is the law. #defi #solidity #python #vyper #opensource #infosec. Gibraltar

i know what you doing in gibraltar, SEC might be interested to know

why does website says this: Login with your Phantom or MetaMask wallet directly into the app

MetaMask is ethereum non-sense

how's it decentralized if 70% of eth nodes are hosted and their software keeps hard forking(backward incompatible)

you're just relying more middle-man but giving false sense of p2p network to the end-user

no bueno

Re:Bitcoin is not decentralized [video] on Tuesday December 21, 2021 @11:16AM (#29638802)
fyi before downvoting: this article's author works at bitcoin.com which is run by Bitcoin-cash people, it was an attack on Bitcoin that failed

read the book: the blocksize wars

Re:Bitcoin is not decentralized [video] on Tuesday December 21, 2021 @10:57AM (#29638591)
when you realize this author makes money from shitcoin content:

https://news.bitcoin.com/author/jonald/

drink the kool-aid , rather than trying the software itself.

good luck

Re:Bitcoin is not decentralized [video] on Tuesday December 21, 2021 @10:06AM (#29638037)
how so?

also it doesn't impact Bitcoin, you can self-custody most of your wealth. Put what's needed to transact on lightning (checking account)

Re:Bitcoin is not decentralized [video] on Tuesday December 21, 2021 @09:45AM (#29637811)
just curious, have you heard of lightning network ? try things out, try breez wallet. you can pay with lightning at McDonalds, Starbucks in El Salvador

rest of your claims about blockchain, privacy etc - are correct

the "Crypto" and "web3" is all scams

Re:You Don't Own Web3 on Tuesday December 21, 2021 @09:41AM (#29637771)
it's also a 70% premine token (exactly a security) just that they did it under a Swiss based foundation so SEC can't touch them "yet"
Re:You Don't Own Web3 on Tuesday December 21, 2021 @09:25AM (#29637619)
yes absolutely,

these VCs have scams like Ethereum which they claim to be p2p networks but all the people making money of this don't even know where the peers are on this p2p network.

The validation nodes run on handful of hosted nodes on a software(ethereum) that changes it's source code and make it backward incompatible all the time, making it centralized at both who develop that code AND the handful of nodes that run it.

a16z has no shame perpetuating these total scams.

Re:Ask HN: Life Changing Books? on Saturday December 18, 2021 @12:24PM (#29606341)
- How to be free, Epictetus

- Sovereign Individual, Davidson

- Origins of Money, Carl Menger

- Operating Systems, Tanenbaum

Re:Ask HN: Life Changing Books? on Saturday December 18, 2021 @12:20PM (#29606293)
Seneca and Epictetus literature never disappoint
Re:Crypto Theses for 2022 [pdf] on Monday December 13, 2021 @08:12PM (#29546952)
ya it's a rube goldberg machine
Re:Crypto Theses for 2022 [pdf] on Monday December 13, 2021 @12:18AM (#29536892)
where is the code being executed ? hosted nodes or real peers in a "p2p" network?

why does it hard fork so much and make prior clients incompatible? why do they have a monetary policy? isn't that what fiat currency is?

Re:Crypto Theses for 2022 [pdf] on Monday December 13, 2021 @12:17AM (#29536884)
exactly
Re:Crypto Theses for 2022 [pdf] on Monday December 13, 2021 @12:16AM (#29536876)
Bitcoin is decentralized, 13,000 nodes - mostly residiential nodes, not hosted.

You're assuming too much.

Re:Crypto Theses for 2022 [pdf] on Sunday December 12, 2021 @08:32PM (#29535574)
Touche lol
Re:Crypto Theses for 2022 [pdf] on Sunday December 12, 2021 @07:48PM (#29535340)
even your L1 is 70% hosted nodes , why not just run an api on a trusted company's servers that verifies your balances using pub/priv keys and signatures

you guys are up for rude awakening when this rube goldberg machine bricks

Re:Crypto Theses for 2022 [pdf] on Sunday December 12, 2021 @07:45PM (#29535324)
are you aware of issues around MEV? and how it will centralize further with proof of stake and with staking derivatives?
Re:Crypto Theses for 2022 [pdf] on Sunday December 12, 2021 @07:08PM (#29535080)
congrats for being one of the minority 20% residential nodes

btw is it archival node or what?

Re:Crypto Theses for 2022 [pdf] on Sunday December 12, 2021 @06:11PM (#29534666)
Re:Crypto Theses for 2022 [pdf] on Sunday December 12, 2021 @05:02PM (#29534109)
web3 is BS

everything runs on centralized servers, where are the peers in these p2p networks?

Re:Fighting gas prices, US to release 50M barrels of oil on Tuesday November 23, 2021 @03:17PM (#29322816)
that's like 2.5 days worth of supply lol

the govt loves to gaslight

Re:Some sketchy behavior coming out of the SEC recently on Wednesday September 08, 2021 @12:04AM (#28452887)
Guy running a casino where the house is bunch of VCs and himself and retail are the losers

calls SEC behavior sketchy haha

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