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New_California

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On the contrary, it is so much easier to upgrade a small app every week or so because you have little to test and probability of breaking changes affecting you is minimal.

You should be upgrading all the time since day one, adding necessary infrastructure gradually as your app grows.

Not saying it necessarily will fall apart but there is a possibility. UK is already out. Hungary and Poland are very nasty EU members for lack of a better term. The tension is growing.

Personally I would much prefer EU to *reset* to bare free-trade, free-movement, no-borders ethos, removing entirety of central regulations and central governance.

Tor Browser 12.0 4 years ago

I struggle with the very same problem. Even connecting a real physical SIM won't protect accounts from suspension. This is crazy because it isn't based on behavior on the platform (like posting too much or liking too much) but merely on the IP and browser fingerprint.

Unfortunately, no solutions in sight.

Because the 21m hard cap and change resistance are the definition of Bitcoin.

If these are taken away for any reason, the result would be indistinguishable from shitcoins.

Whther it's likely or not is beside the point. It's possible in theory, therefore (and this is my main point here) the digital scarcity of bitcoin is not some emergent mathematical property of the universe, it's a social phenomenon.

Correct.

Was it? Did you get to vote on that? Or was it decided by a handful of pools and large players?

Yes, I got to vote on that with the economic full nodes I ran.

Fractional reserve is already a thing and will only increase from here. Bitcoin's scarcity relates to the base money supply and obviously cannot coerce the higher economic layers.

That said bitcoiners are somewhat resistant to extreme fractional reserve because of the strong "not your keys, not your coins" ethos.

It's much more than exchanges and miners as exemplified by the 2017 block size war, won by the users.

The scenario you are describing - while possible in principle - is unlikely. Stakeholders understand that scarcity and change-resistance is Bitcoin's very definition. Take that away and there is no value left, Bitcoin becoming another malleable shitcoin.

You are incorrect. The miner does not intermediate transactions in any way, shape or form.

Firstly, miners do not technically intermediate transactions. Transactions are fixed and sealed by the parties involved and can't be modified. Transferred funds are never in a possession of a miner, not even briefly. Miner can't take them, can't redirect them, can't change the amount, etc.

Secondly, it's not a specific miner that confirms the transaction. It is the ever-growing group of miners. Transaction finality is ever only probabilistic. If you think picking by law the "first" miner then this is completely arbitrary and 1-block chain tips are routinely orphaned in all cryptocurrencies.

Finally, many persons and businesses accept unconfirmed (not mined) transactions, for relatively low-risk goods and services.

If you really want to regulate miners (which is making a crime running certain algorithms on your personal computer - a terrible idea), then at least please come up with a new name and new framework, because "money transmitter" or "financial intermediary" is simply incorrect.

Do you think this cycle the whole crypto space goes down the drain never to be heard of again?

No. The crypto/scam space will be back because people love to gamble and love the concept of easy money.

Do you think the whole space is a fad or do you think there are patches of values underneath the froth?

There is crypto/scam space and there is Bitcoin/Monero space. The actual decentralized cryptocurrencies are widely used where fiat system fails, like on DNMs.

Yes, it is absolutely conceivable to be anon developer, except for officially publishing in the Apple/Google/MS walled gardens.

Then if you would want to accept donations or payments, anonymity is only possible with cryptocurrencies and cash-by-mail. The easiest one (anonymity wise) is Monero and the most popular one is Bitcoin.

You have it all backwards. The PoW is useful work because it helps secure my hard-earned savings against very high inflation my country is dealing with (I store my savings in Bitcoin). While many other (non-PoW) energy uses you have in mind are useless for me.

Get a better job ASAP. Passive income, to large extent, is self-help bullshit. Any business or investment requires attention.

Once you secure "normal" income, save up in Bitcoin. This will at the very least protect your purchasing power against inflation. With a little bit of luck your purchasing power will grow as Bitcoin gets adopted.