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sygma

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pass.pears.com 7mo ago

PearPass: Open-Source Password Manager

sygma
1pts1
vitalik.eth.limo 7mo ago

Plinko PIR Tutorial

sygma
22pts0
ktledger.com 10mo ago

The Rare Book Thesis for an AI World

sygma
1pts0
usmannkhan.com 2y ago

Sei pays out $2M bug bounty

sygma
230pts114
www.gamewallet.gg 3y ago

The Game Wallet

sygma
6pts1
www.deepl.com 3y ago

DeepL Write

sygma
2pts0
github.com 3y ago

Copilot, for your terminal

sygma
1pts0
vitalik.ca 3y ago

Where to use a blockchain in non-financial applications?

sygma
2pts0
www.earlymoderntexts.com 3y ago

Early Modern Texts

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4pts0
book.1729.com 4y ago

The Network State

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vitalik.ca 4y ago

Where to use a blockchain in non-financial applications?

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3pts0
www.youtube.com 4y ago

DIY Haptic Input Knob

sygma
1pts0
assangedao.org 4y ago

AssangeDAO

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3pts0
www.paradigm.xyz 4y ago

Bitcoin for the Open-Minded Skeptic

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1pts0
european-pirateparty.eu 5y ago

EU Parliament approves mass surveillance of private communications

sygma
21pts11
lists.openwrt.org 5y ago

Replace oppressive terms with inclusive terms

sygma
4pts0
discuss.flarum.org 5y ago

Flarum 1.0 Released

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2pts1
www.blog.google 5y ago

A Hybrid Approach to Work

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1pts0
quoteinvestigator.com 5y ago

Put All Your Eggs in One Basket, and Then Watch That Basket

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1pts0
www.epsilontheory.com 5y ago

In Praise of Bitcoin

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en.wikipedia.org 5y ago

Daughter from California Syndrome

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36pts26
en.wikipedia.org 5y ago

Aptronym

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3pts0
support.apple.com 5y ago

RCE and Privilege Escalation on iOS 14

sygma
2pts0
www.noodl.net 5y ago

Noodl: From Design to Deploy

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1pts0
twitter.com 5y ago

UK judge rules against extradition of Assange to US

sygma
20pts2
www.embedded.com 5y ago

Tesla Model X hacked with $195 Raspberry Pi based board

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3pts1
www.figma.com 5y ago

The Challenges of Autosave

sygma
1pts0
en.wikipedia.org 5y ago

Barbados 4–2 Grenada

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3pts0
en.wikipedia.org 5y ago

Search Theory

sygma
4pts0
www.ubs.com 6y ago

Wealthy investors see lasting life changes after Covid-19

sygma
2pts0

The insurer must earn enough income from investing the deposits to cover losses and operating expenses for the model to be economically viable

The above is a quote from the Wikipedia article. I suspect that with interest rates at an all time low, the environment is not exactly ripe for this kind of insurance model.

Saying that Bitcoin blew the market for GPUs reveals that your knowledge is years out of date. Bitcoin is predominately mined on ASICs.

Viagra was originally developed as chest pain medication. Did it utterly fail, simply because a new use-case was unveiled?

Which begs the question, what is the new use case for Bitcoin? Some say digital gold, but only time will tell.

It’s nice to have the option to be completely decentralised (…)

I think "nice" downplays the importance of the possibility of self-custody. Despite the majority of people perhaps not opting to control their own keys, the mere possibility has interesting game theoretical implications that will keep neobanks like Coinbase in check.

Similarly, for block chains, mining only occurs when the thing being mined has value. NFTs would not be mined if people weren't using them. Therefore I would absolutely call them an ecological disaster.

The point is that energy consumption due to mining on the Ethereum network does not scale with transaction count. So it does not matter if NFTs are issued ("minted") or not. They add no marginal energy cost in the mining process. That is why calling them an "ecological disaster" is a misnomer.

I know it sounds catchy to say that NFTs are an ecological disaster, but that statement is sensational and not accurate.

NFTs do not cause carbon emissions themselves, just like you don't add carbon emissions by occupying a seat on a public transportation bus. The bus is doing its daily route and has a fixed amount of emissions per day whether it has any occupants or not. This analogy breaks quickly, so I wouldn't look too much into it.

Maybe a better analogy is to think of your WiFi router. Its energy use is (predominantly) static regardless of how many packets you route through it. So by browsing, you are not causing additional carbon emissions.

In more technical terms: more transactions do not cause more hashrate. Ethereum's CO2 footprint does not scale with transactional count. So asking people to use the network less will not cause the hashrate to go down. The only way you reduce energy consumption is by getting miners to mine less, which triggers the protocol to adjust the mining difficulty accordingly. As laid out above, this has nothing to do with how many transactions are happening on ETH, or whether NFTs are being minted on it.

A bit off-topic: last time I tried to use a 50 GBP note in London I got strange looks and it was refused. Apparently anything beyond a 20 GBP note is seen as "too high". A worrying turn of events…

Some counterpoints:

Untraceable theft from your wallet

Blockchain analysis is a flourishing field. Vanilla bitcoin is far from untraceable, in fact it is LE’s wet dream.

Unregulated merchants who aren't incentivized to play by the rules

There are two distinct sets of rules here. The ones merchants have to legally abide by (government imposed) and the ones that fit PayPal’s agenda. The latter is usually the problem (c.f. WikiLeaks blockade) because it is entirely based on the whims of a private company.

No third-party intermediary in the event you get ripped off.

I often see this argument. Schneier also mentions it as a drawback. Note that reversible transactions can be built on top of bitcoin, if it is desirable. The opposite is not true. At least bitcoin gives you the option to do irreversible transactions if you wish.

Ability for weed shops and porn sites to accept digital payments (This depends on your stance on these issues. Not everyone feels the same as you).

People need to be able to break the law and operate gray markets to move society forward. See Moxie’s excellent essay on the subject [0]

If you buy something on ebay, ebay and the credit card company have a record of your purchase. If you buy something from a bitcoin merchant, they will have a record of your purchase. How is that different?

The reason eBay needs your real name is to combat chargeback fraud and tax evasion (for merchants). The former is irrelevant with irreversible transactions, the latter remains valid in that particular case. But what about Joe-random-SaaS? Why does {Spotify|Shopify|Expensify} need my real name besides payment?

[0] https://moxie.org/blog/we-should-all-have-something-to-hide/

This is a straw man. Just because transaction fees were too high for your transaction to be economically viable, does not discredit the fact that bitcoin removes trust in third parties to send and receive currencies.

It is not up to the miners to increase the block size, in fact miners were very much in favor of doing it. Bitcoin has other important constituents (users, core devs, wallet devs, exchanges) that would need to be on board for any modifications made to the core protocol to go through.

I wonder if this is what a Minimum Viable Workout (MVW) would look like. I’m not trying to make my exercise life more efficient (I think time spent in the gym without a phone helps me disconnect), but because sometimes the effort barrier is too high for me and I fall into periods of inactivity. So I would find it appealing to maintain a baseline of fitness with a “no excuses” MVW.