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briatx

770 karma · joined December 9, 2017

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briatx··on Preventing Muscle Loss as We Age
Lifting to optimize hypertrophy usually involves medium-heavy weights at significantly higher volumes. More along the lines of 5x12s instead of 5x5s.
briatx··on Can We Survive the Next Financial Crisis?
Yes.

The lesson of 2008-9 is that TBTF and bailouts will be applied in case of any financial crisis. Not much has been done to rein in moral hazard and so institutions will continue to offload risk to the public when they can.

This works as long as the Treasury and Fed can absorb the shock and will create near term stability, at the potential cost of a currency crisis if the shock is too big to be absorbed.

briatx··on Decentralisation: the next big step for the world wide web
> Repeat after me: It's effectively centralised. It's effectively centralised.

So is bitcoin. Only 3 or 4 companies own the majority of mining.

Companies on the internet are centralized, but not the internet itself.

briatx··on Decentralisation: the next big step for the world wide web
Repeat after me: The Internet is already decentralized. The web is already decentralized.

Blockchains do not have a monopoly on decentralization. People who assert this are trying to redefine the term to mean some kind of extreme P2P model that fits their narrative.

briatx··on How smart contract upgrades fail in practice
Yes, you shouldn't change the terms of a contract after the fact, so you only need to think of all possible use cases of the smart contract in advance, test for all edge cases, and then write flawless code in a minefield infested language like Solidity (a feat that its own creator couldn't accomplish).

Since this isn't very likely, it strongly implies the smart contract model isn't a good one for writing software.

briatx··on Is Rails still relevant in 2018?
>Why are websockets ... not present in a 'kitchen-sink' web framework?

They are.

Django Channels: https://www.djangoproject.com/weblog/2016/sep/09/channels-ad...

briatx··on Bitcoin's Use in Commerce Keeps Falling
It has been clear for a while now that Bitcoin is an inferior payment system for the consumer:

* The fees are higher.

* The risk to the consumer is higher.

* The difficulty of use is higher.

* It is accepted at an extremely low amount of vendors and even that is falling.

So you really how to wonder why people ever thought consumers would use it en masse.

briatx··on Introduction to Augur, an open-source, decentralized betting marketplace
Augur is down to < 50 users.

https://thenextweb.com/hardfork/2018/08/20/dapps-userbase-dr...

briatx··on Bitcoin, Ether Sink as ‘Sense of Panic’ Grips Crypto Investors
> The worst time to buy is when everyone else is buying.

It's also when everyone is selling. Nothing says this can't go lower.

briatx··on Coinbase Custody Is Officially Open for Business
Institutions want investments that confer actual rights, something which these cryptocurrencies do not do.

If you are expecting a large influx of institutional investment money, I expect you will be disappointed.

briatx··on Digital Asset Transactions: Remarks at the Yahoo Finance All Markets Summit
It seems to me that eth would trigger many of his factors (listed below) for determining whether or not it is a security. How many people are buying eth for "gas" vs holding it for a return?

> What are some of the factors to consider in assessing whether a digital asset is offered as an investment contract and is thus a security? Primarily, consider whether a third party – be it a person, entity or coordinated group of actors – drives the expectation of a return. That question will always depend on the particular facts and circumstances, and this list is illustrative, not exhaustive:

> Is there a person or group that has sponsored or promoted the creation and sale of the digital asset, the efforts of whom play a significant role in the development and maintenance of the asset and its potential increase in value?

> Has this person or group retained a stake or other interest in the digital asset such that it would be motivated to expend efforts to cause an increase in value in the digital asset? Would purchasers reasonably believe such efforts will be undertaken and may result in a return on their investment in the digital asset?

> Has the promoter raised an amount of funds in excess of what may be needed to establish a functional network, and, if so, has it indicated how those funds may be used to support the value of the tokens or to increase the value of the enterprise? Does the promoter continue to expend funds from proceeds or operations to enhance the functionality and/or value of the system within which the tokens operate?

> Are purchasers “investing,” that is seeking a return? In that regard, is the instrument marketed and sold to the general public instead of to potential users of the network for a price that reasonably correlates with the market value of the good or service in the network?

> Does application of the Securities Act protections make sense? Is there a person or entity others are relying on that plays a key role in the profit-making of the enterprise such that disclosure of their activities and plans would be important to investors? Do informational asymmetries exist between the promoters and potential purchasers/investors in the digital asset?

> Do persons or entities other than the promoter exercise governance rights or meaningful influence?

briatx··on Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say
This report:

1. Is not an audit to be used for assurance purposes. The disclaimer at the top states that it "should not be used or relied on by any other party."

2. Is rather old now.

3. Was conducted by a firm that no longer conducts business with Tether, probably because Tether would not comply with information requests needed to conduct an actual audit, which is not as difficult as Tether makes it sound here: https://www.coindesk.com/tether-confirms-relationship-audito...

Or in other words, it isn't proof of anything, and the fact that Tether has not been able to produce an actual audit for assurance purposes in all this time, speaks volumes.

briatx··on How I became Leonardo da Vinci on the Blockchain
His claim was:

> You don't need a "blockchain" for timestamps.

He didn't say anything about whether the timestamp services were centralized or not.

So saying "ha, but they're centralized!" is not a rebuttal.

briatx··on U.S. Launches Criminal Probe into Bitcoin Price Manipulation
And vendors. https://www.technologyreview.com/s/608716/bitcoin-transactio...

And if your id is leaked in one transaction, it links your id to all other transactions done with that wallet.

briatx··on The Drugging of the American Boy (2014)
> It makes me wonder what a kid could accomplish with a little bit of individual attention.

I thought the same thing as I read through these comments. Perhaps the attention deficit is not that of the child, but that of the parents/teachers.

briatx··on Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies
Bitcoin isn't backed by an asset. It's not really backed by anything other than people's expectation that it is worth something now (and it will be worth more in the future).

This is true even for the miners, since they would not build out infrastructure and burn energy if bitcoin was worth zero.

briatx··on Building for the Blockchain
That's strange. The blockchain hype reminds me instead of the late 90s dotcom bubble, and CryptoKitties reminds me instead of the Beanie Baby Mania of the same era.

I don't remember any of the early internet negativity that Bitcoin supporters do.

briatx··on Building for the Blockchain
> Sick and tired of accusations being thrown out with no skin in the game.

This is a weak attempt at deflection by those who want to discredit criticism. Anyone who understands this sector and thinks it is a bad investment, will not invest. This doesn't mean their view is somehow incorrect.

As for finding an ICO that hasn't lived up to the hype, throw a dart at the dartboard. How about Tezos, for one.

How about Tron for another, whose white paper was found to have plagiarized from IPFS and/or Filecoin. See: http://www.trustnodes.com/2018/01/08/trons-whitepaper-copied...

briatx··on Much Assembly Required: Assembly Programming Game
The convenience factor of Steam is making the DRM argument moot.

Even with titles that I have the option of downloading DRM free, say via Humble Bundle, I will still just go for the Steam key because it makes it easy.

briatx··on Bitcoin Climbs as Futures Debut Fails to Incite Attack by Shorts
The problem is that all of the Bitcoin futures are cash settled contracts.

This means that they are not resolved with delivery of the commodity and have no direct influence on the underlying markets.

briatx··on Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut
This will sound absurd, but https://www.reddit.com/r/Buttcoin/ is the best place I've found for rational and serious discussion of bitcoin (and yes the occasional butt joke).

Try posting a serious question there and see what happens!

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