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No layer 1 is going to handle all the world's transactions. That's fantastical nonsense for a distributed public ledger. ETH and Radix and such are going with shards but what that does is trade security for more TX capacity, and that capacity is still going to be too limited. Sidechains have...

Lowry has an interesting take. Since the primary role of governments is to protect the property of the opulent, (or seize more property from others via force) bitcoin could displace much of government's role. Humanity will need to abolish war soon if we are to survive as a species regardless...

I couldn't let Flobee have all the fun

I mean, Eth was the textbook definition of a premine+ICO, and it was a large one, but that doesn't mean Ethereum isn't a real project doing revolutionary things. The founders+ICO buyers basically granted themselves a lot of ownership stake in the network at the expense of newcomers. People...

It's amazing how my political allies have changed so much in recent years. To the point that I hate Elizabeth Warren for the fraud that she is and am grateful for Ted Cruz here is not something I would have expected not long ago. Something can be 'security-like' without being one or not one...

I was checking out ETH gas fees a few weeks ago, saw that something called 'Axie Infinity' was using a lot of gas on the network. I thought, WTF is that? Googled it, and it's some Pokemon-like NFT game made in Vietnam and Filipinos are making tons of money off of it. Like crypto kitties with...

The Portman-Warner amendment is still hostile to bitcoin because bitcoin has layers on top, which would be affected. Lightning would be. I'm also yield farming using Rootstock/Sovryn contracts right now, so bitcoin has some nascent DeFi on it. It's so vague it will just scare developers out...

Give me a fucking break. People didn't know about Cosby in 2013. Here, check this link for a Daily Show interview with Jon Stewart (who is in fact, a comedian in comedian circles) in November 2013 where Stewart gushes over the comedic 'legend' (literally the first word out of Stewart's mouth...

you're not rich until you're out

Coinbase fees are ridiculous but there are reasons why they get away with it. They built a very easy to use platform with secure custody and figured out how to sell an asset that cannot be seized using digital payments. The obvious reason why it was always hard to buy crypto with credit cards...

If the price reliably went up and back down to the same level over and over again, then trading would be easy and everybody would do it. Not holding any can be more of a gamble than holding.

There is no 'mining level', which is constantly changing. (every two weeks) Recently the difficulty adjusted by -29% because of China's ban, which was a record. Satoshi mined on a single desktop CPU at genesis, and the difficulty could go down that low again if a magic wand were waved and...

Of course this happens after I closed my margin long on Sovryn about 18 hours ago. Not that it was a large position since I was just trying it out. Unfortunately fees for margin trading there are batshit insane and I've had contracts fail to execute on me, so I won't be using it much until...

Only fools short bitcoin after it's been down 50%. They got what they deserve

I trust Dorsey before the other tech company CEOs, but that's not saying a lot. He pushes back on congress the most, and tells them to their faces that he doesn't think they should have the power to censor, and admitted that Twitter should not have censored the Hunter Biden laptop story. He's...

MadSeasonShow still using OCRemix music in monetized videos against their terms of use I see. Scummy

Or Al'Kabor. would have saved years of my life

Going to play devil's advocate for social media companies: they are likely censoring much more than they actually want to because they are being pressured by government actors. Democrats are threatening to break up their companies over it. But that doesn't excuse all of it and I certainly have...

James is right about Uniswap. Them removing some tokens from their front end isn't a big deal. You can add any token you want in metamask and swap inside the wallet. Furthermore there are alternative token swapping contracts regardless, so if Uniswap decided to go on a ban spree, they would...

Did he ask GZ why he made wizards so bad

Premium Banking Powered by Crypto - LVL comes fairly close to that. There's still a checking account, but conversion to and from crypto is free

Bitfinex is based in Hong Kong. It's ridiculous to me that New York state can presume to be the world financial police and charge them with anything to begin with. If I were Bitfinex I'd give them the finger as much as I could get away with too. The Liberty dollar guy was an American, holding...

I'd link a 'everything is fine, don't freak out' video but those don't exist because they don't get clicks for ad revenue. If Tether collapsed tomorrow, the bitcoin network would hum away like nothing happened just like it kept humming away from $20,000 to $3,000 after 2017 and everybody who...

Better to have your IT security audited in peacetime by digital thugs than find out what security holes you have after war breaks out

A natural consequence from the Alliance aesthetic looking the way it does

No, charisma does not affect charm duration at all; it only modifies the target's MR value when it lands. Old Sony dev posts are incorrect. I just ran some extensive (24+ hour, ~3k lands each) parses on Live servers recently to verify. There was no difference between 75 CHA and 280 CHA...

That is the exact opposite of my experience. On my server (Hyjal) the Horde were the mature ones and the Alliance were the children. Then blood elves hit and that blew up that dynamic

wormie such a debbie downer

Well somebody is completely incorrect, but I don't think it's me. 'Finality' just means that the transaction can be safely assumed to not be reverseable. For most transactions, 1 or 2 confirms is enough on Bitcoin. Generally speaking most people say to wait for 6 confirms for large payments...

No, what limits scaling is that decentralized ledgers grow massively since every transaction is recorded forever and would quickly grow to a point at which running a node would no longer be possible by most people, (or potentially anybody) thereby threatening the security of the network. Lots...

What happens to the security? Nothing happens. Miners still mine; their hardware doesn't poof or stop working. New miners buy ASICs from a different manufacturer. It's not like Bitmain is the only one. The chips are fabricated at TSMC or Samsung, but designed and assembled by other...

Bitcoin requiring ASICs to mine is actually a security benefit. It means that a botnet can't hijack the network by taking over everybody's GPUs and since the ASIC chips are only produceable in a few factories in the world by public companies, it prevents nation states from secretly building the...

Well 'the vision' seems to not have accounted for ETH appreciation then if they were relying on that amount being obtainable to average folk. 'Eventually' pools won't be necessary? Another 'eventually' to wait for. Casper will have taken 4 years (assuming no further delays) since you told me...

You can solo stake with 32 ETH if you have that much, but since validators are selected at random, this is akin to mining BTC without a pool-- so the chance of you being selected as a validator is extremely low. Hence why mining pools exist in the first place: so miners could get tiny fractions...

The only way to be profitable with PoW 'is at scale'? People on this very forum are mining ETH right now using their GPUs. You can still mine bitcoin with an ASIC if you want to pay 2 grand for it or whatever and put up with the noise. The limiting factor is the cost of electricity, not the...

Lolz. Just found this. Good thing my position in the PoS coin I own (Radix) is small I guess. I'm rooting for them though

Yes, they are consensus mechanisms, and some consensus mechanisms are more decentralized than others. Rock paper scissors is also a 'consensus mechanism'. The question is how many parties are involved and how much influence they have. PoS has fewer participants and has more concentration of...

sometimes it's just rank incompetence, not a deliberate scam

This is one reason why people say that Proof of Stake is more centralized than Proof of Work. Be careful with who you entrust to stake your ETH for you.

A trillion dollar spreadsheet controlled by nobody and uncontrollable by anybody