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SRTP

110 karma · joined September 15, 2016

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SRTP··on Singapore: Sovereign City
I live in Singapore. That robot dog is a gimmick, there's maybe 2 of them in the entire country, and they're not used for enforcement at all.

You're right about the surveillance and tough stance on drugs. This results in crime being virtually non-existent.

SRTP··on Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
I'm really amazed at these comments.

Every time Bitcoin goes through a major move, the "bubble" crowd comes out of the woodwork, while having done absolutely no effort in understanding what Bitcoin is.

SRTP··on Overwriting Hard Drive Data: The Great Wiping Controversy (2008) [pdf]
Must be rough, putting your faith in a scammer pretending to be Satoshi, then seeing your investment disappear like snow before the sun.

BSV was a top 10 coin a few months ago. Right now? Ranked 50. Must be rough.

SRTP··on Overwriting Hard Drive Data: The Great Wiping Controversy (2008) [pdf]
Craig Wright is a liar and a fraud.
SRTP··on Hacking Bitcoin wallets with quantum computers could happen
This is so hilariously inaccurate it's not worth anyone's time to sit down and debunk it.

You sound like someone who sold all his BTC in 2012 and bought a 2nd hand Honda Civic with the proceeds, thinking you'd beaten the system.

SRTP··on Bitcoin becomes Legal Tender in El Salvador
Yeah, great move to leave crypto in 2014!

Whatever you need to tell yourself to sleep at night, buddy.

SRTP··on Show HN: Ninjabot – A fast cryptocurrency bot implemented in Go
Everyone's a genius in a bull market.
SRTP··on Experts are sounding the alarm about the hidden dangers of gas stoves
> interior "Cross-winds" are deemed to be deadly

Interesting! Never heard this before. Where are you from, if I may ask?

SRTP··on Ethereum 2.0 launches
There is no way Bitcoin will switch to PoS.

The very core of Bitcoin is PoW.

SRTP··on In Finland the average amount of data transferred per SIM card is 17.3GB/month
I live in Singapore and estimate my monthly data usage is around 20 GB / mo.

I pay about 15 USD/mo.

SRTP··on Hal Finney’s proposal for optimizing Bitcoin to be enabled in Bitcoin Core
False. Tons of people do.

Post an invoice of 1,000 sats here and I'll send some Sats your way.

SRTP··on Hal Finney’s proposal for optimizing Bitcoin to be enabled in Bitcoin Core
Imagine having such a minimal understanding of Bitcoin yet feeling entitled to post your inconsequential opinion online.
SRTP··on The case of a maid who battled a millionaire has gripped Singapore
This is the correct answer. Most maids in SG live with their employers, and the employer has to feed them. Maids are typically from developing nations like the Philippines, Indonesia, Myanmar etc.

600 SGD goes a long way in those countries.

SRTP··on The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees
No.

We have a rough idea of which coins belong to Satoshi, based on when and how they were mined.

Satoshi's coins are continuously monitored and have never moved.

SRTP··on Bitcoin Mining’s Three Body Problem
One of the best, most in-depth and accurate Bitcoin articles to ever grace the front page of HN.
SRTP··on Caffeine: A vitamin-like nutrient, or adaptogen
Enlighten me please?
SRTP··on Bitcoin Halving Just Occured
There is no way you'd pay more than 15%, or even 5%, in fees.

Also, the idea is that you get Bitcoin before you need it.

I agree with you that the on-ramp can be a pretty unpleasant experience.

SRTP··on Show HN: Kong – Physical Cryptocurrency
Mate, you got got.
SRTP··on If Bitcoin Looks Like It Isn’t Trading, It’s Because It Isn’t
That has nothing to do with the Bitcoin protocol, rather it's a "security" measure by Coinbase.

A typical Bitcoin transaction, even with minimum fees, confirms in under an hour.

SRTP··on France and Germany Agree to Block Facebook's Libra
Meanwhile, Bitcoin still hasn't returned their calls.
SRTP··on Water found on a potentially life-friendly alien planet
Any book in particular you'd recommend?
SRTP··on Dark Web Drug Sellers Dodge Police Crackdowns
define 'well-mixed Bitcoin' please?

Is there a threshold that you'd use? How do you judge whether a BTC tx is well-mixed?

SRTP··on Welcome to Shanghai, the capital of the future
Clean trains? China?

I've lived in Shanghai for 5 years, a few years ago. Had a great time and learned a lot. I wouldn't necessarily describe the place as 'clean' though.

SRTP··on Uber S-1
Go-Jek is not challenging Grab.

They have a deeply inferior product, fail to catch up to Grab's breakneck innovation pace.

Also, being an Indonesian company, Go-Jek has a disorganized company culture that is not conducive to competing with a lean, well-oiled machine run by Singaporeans like Grab.

SRTP··on The Dutch East India Co was richer than Apple, Google, Facebook combined (2017)
>The VOC’s stocks pushed the company’s worth to a massive 78 million Dutch guilders, which is a pretty solid business even today, but translates to a whopping $7,9 trillion dollar worth today… Yes, really, trillion. That’s 7,900 billion – or 79,000 million!

The math doesn't seem right.

SRTP··on China says it wants to eliminate Bitcoin mining
"China bans Bitcoin, for realsies this time."
SRTP··on Fat, Not Meat, May Have Led to Bigger Hominin Brains
While I'm sure you did this out of good will, please don't give chicken bones to dogs.

They tend to splinter, leaving sharp spikes that may hurt the dog's intestines.

Beef and pork bones are better since these don't shatter.

SRTP··on Coinbase Is Exploring Cardano, BAT, Stellar Lumens, Zcash, and 0x
Probably because it's more difficult to build infrastructure for. As an example, the Ledger Nano hardware wallet still isn't compatible with Monero but is with ZCash, despite XMR being older and having a much larger market cap than ZEC.

Also Gemini, another leading US exchange, added ZEC recently and Coinbase wanted to catch up.

SRTP··on Whether Ethereum is a security
I was actively involved in the Bitcoin ecosystem when the ETH pre-sale launched. I'd argue that the majority of pre-sale participants were BTC holders. That group was not small in 2014.

Also, look at https://en.wikipedia.org/wiki/Cumulative_distribution_functi...

SRTP··on Whether Ethereum is a security
Those 2 charts the author cites describe different things: the Ethereum chart shows _cumulative_ amount of BTC raised over time, while the Swarm chart shows BTC raised per block.

Furthermore, the author's argument that observing a power law distribution is an argument in favor of the Ethereum pre-sale being participated in by "one or very few hands" shows that his understanding of basic statistical concepts is lacking.

Observing a power law distribution is an argument in favor of many, many participants. This is what we see in nature when looking normally distributed variables among large populations.

Stick to law, Preston.

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