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abrkn

591 karma · joined October 22, 2012

Bitcoin.

Coder at https://sideshift.ai Blog at https://shitcoin.com

Email: andreas@brekken.com Twitter: @abrkn

[ my public key: https://keybase.io/abrkn; my proof: https://keybase.io/abrkn/sigs/f4QR_yPVz52MnXuSSSv6Vz9MWWTJFAohJUqUdw7UEyc ]

submissionscomments
abrkn··on PostgreSQL website – new design now live
I felt great anxiety clicking into docs, fearing some radical change. They're the same and I love them just the way they are. I read them several times a day.
abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
No one knows.
abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
I saw that. He's mentioning a company, "Helix Capital Investments Ltd", that I've never heard of.
abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
Why would something that is "pre alpha" be worth billions of dollars? Just doesn't make sense. IOTA has no utility today.
abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
IOTA an insane cult driven by fear of losing money. No one uses the software. They use social media to attract more bag holders.

I read the "rebuff". He looked up the wrong company named "Helix"... I'm not affiliated with the entity he mentions.

abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
I interviewed to work at Ripple in 2013! I don't know how interesting the review would be. Ripple is completely centralized. I'll think about it.
abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
> its first, centralized phase

Yikes.

abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
Thanks! It takes quite a while to do it this way, but lets people scroll through and look at screenshots of the nightmare they will now hopefully avoid.
abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
They've had some other scandals too! "Emptied IOTA Wallets: Hackers Steal Millions Using Malicious Seed Generators"[1]

[1] https://www.ccn.com/a-number-of-iota-wallets-emptied-by-hack...

abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
Thanks! If you have a shitcoin you want me to review, I'm open to suggestions.
abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
That could happen! Send me a Twitter DM, @abrkn
abrkn··on IOTA: Cannot be used for IoT, loss of funds may occur
I'm the author of the blog post. Thanks for posting! I can answer any questions you have about the IOTA review or other shitcoin reviews.
abrkn··on Google’s Project Fi now caps data bills at $60
The best part about Google Fi is that you can use it everywhere for the same price. Even in China!
abrkn··on China wants an orderly exit from Bitcoin mining
This is a good time to invest in electricity and facilities in Mongolia

> Mongolia hosts 10% of the world's known coal reserves at an estimated 162 billion tonnes in 2011 with 17 operating coal mines

abrkn··on CEO of porn cryptocurrency disappears with investor money
You'd be surprised. Bitfinex has added the "SPANK" token of "SpankChain" to its markets[1]

[1] https://www.bitfinex.com/t/SPK:USD

abrkn··on Show HN: Cryptocurrency portfolio app on Blockstack
The Ledger Nano S hardware wallet can hold just about every cryptocurrency, including ERC20 tokens.
abrkn··on Bitcoin Climbs as Futures Debut Fails to Incite Attack by Shorts
It's $1.15b[1] and most likely to be the result of incoming USD wires. The Tether USD in circulation accounts for 0.36%[2] of the Bitcoin (BTC) market cap.

- [1] http://omniexplorer.info/ask.aspx?api=getpropertytotaltokens...

- [2] https://coinmarketcap.com/

abrkn··on BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash
Like people used to write "Micro$oft" back in the day, the phrase "Bcash" used to imply it's no longer "Bitcoin"
abrkn··on Incremental Backups Using GNU Tar and S3
Can anyone else vouch for this being a stable, long term solution for backing up my home directory from macOS? Every single backup/cloud file storage gives me anxiety that I did something wrong or that there are bugs not discovered by retrieving random archives as a test.
abrkn··on Show HN: OhMyCo.in – Real-time charts for cryptocurrency markets
They're worried about having a .in
abrkn··on The Bitcoin bubble – Greater fool theory
When I pay my credit car bill. With my San Francisco software engineer salary the FX risk of that $20 is acceptable.
abrkn··on The Bitcoin bubble – Greater fool theory
As someone who gets paid in Bitcoin and only has Bitcoin I can explain how it works.

I make purchases using Bitcoin or credit cards. I then sell enough Bitcoin to pay the credit card bills.

abrkn··on $300m in cryptocurrency' accidentally lost forever due to bug
The funds may be locked away forever unless the Ethereum network "hard forks" by adding a consensus rule exception that specifically releases these funds.
abrkn··on Blockchains Considered Harmful: Is Brute-Force Processing Replacing Good Design?
Proof-of-Work gives the token value because something was lost in order to create it
abrkn··on Blockchains Considered Harmful: Is Brute-Force Processing Replacing Good Design?
> - Create a digital token system that can be exchanged and accounted freely via a centralized server.

This is a database

> - Give it a name. Don't even call it a currency, let people use it as money if they want to.

A token that is used as currency is currency

> - Give a limited amount to any citizen who wants some. Or maybe sell it, whatever. Just figure out a way people can get some. It can't be so hard.

How will the token have value if everyone receives it for free?

> - Promise there will never be more than some fixed amount in total.

No one will fall for this again. Governments always print money to fund its own projects

> Only governments could do something like that because despite everything, most people trust them about money.

Bitcoin's price goes up because people don't want to trust government with money

abrkn··on Blockchains explained visually (part 1 of 2)
See https://en.bitcoin.it/wiki/Chain_Reorganization
abrkn··on Blockchains explained visually (part 1 of 2)
That's me. Maybe I'll do a no GIF version for my next review.
abrkn··on Dash – A Governance and Privacy Coin
You're not the first person to tell me this. I'll keep it in mind for my next review. Thanks!
abrkn··on Dash – A Governance and Privacy Coin
I agree that would be funny, but it's too hard to judge. Something can look great today and suck in five years or the other way around.
abrkn··on Dash – A Governance and Privacy Coin
It's hard to know if there's a lot of people wanting text only or if they're just very vocal. Either way I'll publish my next review in two versions; one with memes and one without. I appreciate you taking the time to tell me
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