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rnbrady

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[ my public key: https://keybase.io/rnbrady; my proof: https://keybase.io/rnbrady/sigs/U1KTyhj1E8804SMkmOTFWdBnIs3bko6P1tkvygiPY6Q ]

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Maybe they can send some of this money to the Wuhan Institive of Virology to research respiratory viruses in bats and some to Raph Baric at UNC for vaccine development. What could go wrong?

If they didn't have RCE but could push config to the router, they might have pushed a syslog destination and then mined the logs. URLs for uncrypted HTTP requests could end up in the logs due to ALG, parental filtering or any other numbers of features. If you replayed such URLs from a large enough set of victims over a long enough period of time, you'd find something valuable in a response sooner or later.

You have a good point but I feel overwhelmed with subscriptions today. Between personal and business I have easily got 40 or more paid subscriptions. It's not just media but software too. Mac apps, iPhone apps, web apps. They're hard to cancel and easy to forget (until I check my bank statements). And they dip into my bank account with no renewal confirmation or approval. And they'll happily self-renew for the next year without being used once in the last year.

Of course I signed up to and pre-authorised all of this, and forgot to cancel when I stopped using them, so it's 100% my own fault. But something doesn't feel right about it.

Surely cold storage is compatible with segregated accounts using payment channels or one of the other novel Bitcoin mechanisms. But if not, and cold-storage had to be abandoned, then that would have been a good signal to walk away.

And if accounts had to be segregated then losses should have been segregated too, not socialised.

Sunk costs have no bearing on the logic that "if miners are spending more on electricity than the Bitcoins they mine are worth then they should immediately stop mining".

You're falling for the so-called "sunk cost fallacy".

http://en.wikipedia.org/wiki/Sunk_costs#Loss_aversion_and_th...

What does have a bearing is whether they intend to sell or hold those Bitcoins. If they believe the value go up before they sell, then they would continue to mine speculatively.

This is awesome. Being a payment company, how does this influence your ISO 27001 / PCI DSS compliance efforts?

I encourage lists at work but the first objection is often around our "need to know" security policy, thanks to ISO.

Or they realised too late that they had a bug which caused some people to get back 900% instead of 120%. That would break the model. Underpaying is something you could correct retroactively, overpaying not so easy.

And what problems are they "trying" to solve?

This is what traction looks like, sometimes it's messy. That doesn't mean it's not legitimate.

What does legitimising a currency mean anyway? It's already used as a medium of exchange and a store of value, that's legitimate.

But if you are going to try and compare it to the "legitimacy" of fiat money, you're not going to find what you're looking for.

Bitcoin is an anarchist concept, it does not seek to be legitimised. It is achieving exactly what is set out to do.

you could just see the fluctuations as the currency being honest about its value as opposed to fiat money which is just as vulnerable yet artificially stabilised (legitimised?).

Really useful info, I know of at least one open source and one proprietary software project both of which could put this to great use. It it certainly less documented than the submodule workflow. And I find 50% of the joy of git come from switching to it, the rest from learning to use it to do cool stuff. The first time I used git bisect it made my day, no my week!