alistproducer2

Nice work.

Dapps can be awesome when you want to avoid counter-party risk. Ether Delta is a great example; however, it's super expensive to use ED (every interaction costs $0.80-$1.60) and unless you're playing with a lot of money it's cost prohibitive to use.

Even though they had the dns hijacking a while ago, you can still access the market via direct calls to the contract. When it's time to liquidate a large alt holding back into ETH, ED is the only place I trust because I don't have to trust anyone.

Flagged because why would anyone think HN would be the proper place to put this?

Nothing in this proposal warrants development of a new blockchain. Simply fork ethereum and run the nodes on a private network to avoid congestion.

For certain people it appears the only way to fail is up.

>I want to note that many so-called “arbitrage” systems are actually sleeves for another important risk: liquidity

Very true, especially with altcoins. In my experience, big deltas have been results of things like withdrawal suspensions.

Sites like that is why I JS whitelist sites on mobile and blacklist on desktop. I'm glad that most sites still work well because the day I'm forced to spin up my fan to read a news article is the day I'll have to reconsider using the web.

My kids are netflix babies and when I gave them a toys r us catalog to look through to pick Christmas gifts out of they looked at it for 2 minutes, threw it aside and didn't ask for anything. Without commercials, they have no sense that they should even want the crap in a toy catalog. Big difference from when I was growing up.

Just in case anyone still (or ever liked) BBT, check this video on how the show perpetuates misogyny. I was a fan, but after watching this it totally changed my perspective on the show.

https://www.youtube.com/watch?v=X3-hOigoxHs

You're forgetting that the integrity of the blockchain has value, particularly for miners. The token would crash once such a deception were made known making the miner's reward for mining worthless. That's the cost that you are not factoring into your example.

That's an interesting statement. I've never thought of it that way. In essence, Chinese miners are exporting subsidized Chinese energy (via mined coins) for foreign currencies. Sounds very much the M.O of Chinese trade practices (not meant to be overly negative, I'm just saying).

This is wrong. Someone could buy that btc using litecoin they bought on another exchange. Coinbase maintains a promise to cash out user's holdings.

I learned so much from that post. The author clearly love tinkering with computers. I wish I had that same leveled curiosity. Well done.

I actually watched the video in the article and thought it was really exciting. I prefer it to the real thing because the drivers can take more risks, leading to more exciting passes.

If I read that correctly, you are never able to travel back further than the creation of the wormhole.

The more I read about this, the more I think this will be held up in the courts for a while.

Before you commit to paying the early withdrawl taxes and penalties, do what i did; hire a lawyer that deals with erisa law. The legal advice I've been given doesn't match up with what you're saying, but I will certainly ask about it in my next conference.

edit: here is some info, but still make sure you get a lawyer. Also regarding taking the money out, it's true that you can't just spend it. This is due to the necessary structure of the business - a c corp. You can, however, take a salary once your business becomes profitable.

https://www.biggerpockets.com/blogs/3441/52232-starting-a-re...

https://www.mysolo401k.net/401k-business-financing/

To be fair, I'm in a 2 income household and my spouse bought into the "save everything now, retire early" plan.

I lol'd when the article mentioned the Google Search appliance because I spent a few months building a replacement at my company when they decided they didn't want to continue to pay the 6 figure license anymore.

See my comment (in my history). I'm literally doing the same thing. Piece of advice: Max out your 401k every year and use a ROBS (rollover for business startup) to fund it tax free. It's complicated but totally worth it.

I'm leaving IT after 5 years to start a real estate company and work with my hands. I feel exactly the same way as the OP. Sitting on my butt for 6 years is wrecking my health and I hate the work.

I've saved lots of money and as long as I don't screw up my investments, I'll never have to work for anyone else again.

I love open source software and will continue to build and contribute to projects. I hate enterprise software and development culture and will never do it again. To each his own.

I guess I'll start it off. I've done a apples-to-apples compare on memory usage of 7 tabs with the same content and FF57 came in at 514 MG to chrome's 512 so that's basically a wash.

The speed has been the main factor along with being able to step away from Google, if only a little bit.

I would say anything that can be done by a centralized entity that doesn't benefit from adding censorship resistance. The main reason blockchains need complicated and, in many cases, wasteful consensus algos is because they were first designed to promote open membership to the network. This meant that you had to design a system that allowed strange machines to work together while no entity trusting any other to not cheat it. Open membership means that the ledger can not be effectively censored, and by extension, neither could one's wealth. Outside of that use case (censorship resistance), very few things benefit from transitioning from central authority to blockchains.

I didn't cover the case of smart contracts, but it's essentially the same thing.

Lots of financial institutions and other businesses have been researching ways to replace systems with private blockchain technology [0]. This is just one of several business partnerships exploring ways to integrate the tech.

Unless you're buying/selling or paying for things with cryptocurrencies, then, no, you probably aren't encountering any blockchain tech right now.

[0]: https://entethalliance.org/members/

Trolling is all about creating a stink. There's different kinds of trolling, that come from different places. Some of it is because the troll really believes what he/she is saying. Some of it is saying whatever gets a rise out of your target, regardless of what you believe. In all cases a troll is a troll.

There are DT is, in the literal sense of the phrase, king troll.

The blockchain is not what's responsible for all of the things you describe; rather, it's the dominant algorithm for psuedo-randomly distributing the ability to modify the block chain, called proof-of-work (namely Satoshi's version). There are other, just as computationally wasteful algos that try to be memory hard as opposed to cpu-hard (Cuckoo cycle PoW for example.

Lots of folks are working on different, less wasteful ways of making blockchains more resistant to attack - the most well-known of the alternatives being proof-of-stake which is essentially a betting scheme. It's a fascinating area of computing if you go beyond the hype over the BTC price.

I do actually. He's a troll - plain and simple. Make that ahole go to Gab where he belongs.

Think about that for a second. The president of the USA is a twitter troll. You really can't make this stuff up.

More so than just "blockchain" I'd say getting into distributed computing will pay dividends in the future. Understanding DC is plenty good for lots of current tech trends (big data, ML, etc), but also looks forward to the switch to trustless systems to be used in everyday life.

Since we're on the topic, I'd like to point out that DT routinely breaks Twitters TOS with respect to abusive behavior [0] but twitter won't kill the goose that lays the golden publicity eggs. Now we find out that they were trying to sell massive amounts of ads to RT [1]. Remember kids, social media is not your friend.

[0]: https://support.twitter.com/articles/18311 [1]: https://www.engadget.com/2017/11/01/twitter-offered-russian-...

PoW sticks because as a consensus backbone because it's 1.) easy to understand and implement and 2.) it's guarantees distribution of updates to the distributed state. IMO there are better ways to trustlessly secure distributed state but like all things there's a trade-off. The dirty secret of blockchain tech is that it can't scale - not without supplementary protocols. Even when you get it to scale you still have to deal with the storage of the blockchain. Bandwidth constrains the size of the blocks, which in turn constrains the amount of transactions. Turn up the block creation frequency (a la ETH) and you solved one problemt (Tx throughput) but created another (chain size).

I am fundamentally opposed to PoW because it wastes so many resources, but, for now, it's the most viable way to secure a chain. PoS is doomed to centralization and relies too much on game theory and incentives for my tastes. just my 2 cents