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adhoc32

124 karma · joined June 26, 2016

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adhoc32··on Bitcoin hits new all-time high above $63,000 ahead of Coinbase debut
It is cheap for a global reserve currency. That's the ultimate goal.
adhoc32··on The political case for a blanket cryptocurrency ban
Miners pay for the electricity they consume which includes environmental taxes. Why ban them?
adhoc32··on Bitcoin Is Dead – Tracking all notable Bitcoin skeptics since 2010
It will take decades for Bitcoin to become the global reserve currency. Until then people will speculate on the price and won't use it as a currency. It's a natural process, I cannot imagine another way for Bitcoin to be globally adopted.
adhoc32··on Bitcoin Is Dead – Tracking all notable Bitcoin skeptics since 2010
Also this: https://99bitcoins.com/bitcoin-obituaries/
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
Of course they don't contribute to Bitcoin's technology, they are not coders. Using Bitcoin as a speculative asset is part of the adoption process. It is not yet a currency, it will take many years to be completely adopted. It's a natural process, I cannot imagine any other way for a decentralized currency like Bitcoin to become a global reserve currency. Can you?
adhoc32··on Bitcoin hits $1T in market value
How? It's impossible to know if someone has lost his private keys or the address is dormant.
adhoc32··on Bitcoin hits $1T in market value
You assume that early adopters still hold their Bitcoins. You are (mostly) wrong.
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
Friendly advice, buy 20$ of Bitcoin to feel how it works before judging it. It might change your mind.
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
Bitcoin bubbles burst all the time. Everyone have the opportunity to buy "cheap". Why do you care if some people take the risk to "hodl"? You can still get in (and take the same risk) without buying _their_ coins.
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
That is correct, my mistake. Anyway, Bitcoin is neither of them.
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
Most probably a US ban will crash the price, but it will recover in time. Also it will establish a black market in the US which is the worst possible scenario for the authorities as they would have absolutely no control over it.
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
The inflation may be constant each year but over the years it accumulates. Check yourself the inflation impact on your savings:

https://www.rl360.com/row/tools/inflation-calculator.htm

With inflation rate 2% after 25 years you lose about 40% of your savings value.

adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
Sure, but it costs money to store it and maintain it in a good shape. Also try sending the equivalent value of 100$ using a Honda Civic. Barter economy is impractical.
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
Please stop calling it Ponzi. A Ponzi scheme is a well defined scam with structural hierarchy. People lower in the hierarchy are obliged to pay the upper level money in order to stay in the game. They also try to recruit others in order to get paid themselves. Bitcoin is traded in the free market just like a stock. You are not calling Apple stock a Ponzi scheme because some people bought at 1$ a piece am I right?
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
At that time it will be impossible to ban because a large percentage of the US population will be exposed to it. If in spite of that they do decide to ban it there is not much they can do except ban the exchanges. The Bitcoin network is impossible to ban without heavily censoring the internet. Also what the US is going to do about the other countries of the world, invade them in order to ban the BTC?
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
no, a car for example devaluates over time.
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
There is the hyperbitcoinization scenario. If this holds you'll be an early adopter.
adhoc32··on Bitcoin surpasses $50K as major companies jump into crypto
That it is a hedge against inflation because of the network effect and vice versa.
adhoc32··on IBM quantum computers now finish some tasks in hours, not months
You're right.
adhoc32··on IBM quantum computers now finish some tasks in hours, not months
A bitcoin address is the double hash with two different algorithms of the public key. Hardware wallets do not expose the public key to check the balance, they use the address. The public key is broadcasted when a transaction is signed so the network can verify the signature. This is the reason why bitcoin addresses should never be reused. It gives the attacker the information and the time to break the encryption (theoretically).
adhoc32··on IBM quantum computers now finish some tasks in hours, not months
It needs lighting speed factorization to break Bitcoin. The public key of a bitcoin address is exposed only when the transaction is broadcasted on the network. The attacker would have about 10 minutes to factorize the public key before the transaction is validated and the original address's balance is cleared.
adhoc32··on Ask HN: Where do you think Bitcoin is heading? It is a good bet to invest now?
Use a hardware wallet
adhoc32··on BadEconomics: Putting $400M of Bitcoin on your company balance sheet
Hardware wallets generate a new address for each transaction (receive & transmit). It's impossible to maintain a blacklist feed.
adhoc32··on Voyagers Detect an Increase in the Density of Space Outside the Solar System
Newbie question: Is it possible that the interstellar space is actually quite dense and only around stars the density drops due to the solar wind?
adhoc32··on ReMarkable 2.0 – A digital notebook that feels like paper
Too bad it has only 8GB and no SD card.
adhoc32··on Elena Programming Language
"A variable name can contain any UTF-8 symbols (except special ones, white-spaces; the leading character cannot be a digit) and is case-sensitive."

This is terrible.

adhoc32··on PIFuHD: High-Resolution 3D Human Digitization
The pretrained model is unavailable.

edit: downloading now, maybe the server was overloaded.

adhoc32··on ISS Docking Simulation
Fix the angles first, then move in parallel to the target. It's quite easy.
adhoc32··on Recommend Books for building trading algorithms
You will burn. Just don't.
adhoc32··on OFFSystem
But each block is used by multiple different files. Owning a block of a forbidden URL does not prove that you're committing a crime. Owning all blocks of that URL is an strong indication but still not a proof to justify raiding.
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