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dylkil

592 karma · joined September 28, 2018

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dylkil··on $7.6B in crypto long positions liquidated in 1 hour as Bitcoin plunges to $52k
>why does a reduction in hash rate lead to a loss of USD pricing

it doesnt

dylkil··on Bitcoin mining hash rate drops as blackouts instituted in China
>For example, with PoW you only need a single honest node to arrive at the correct chain during initial sync. With PoS there is no such guarantee, since there’s no inherent way for a new node joining the network to decide which chain to pick when presented with two different, but equally valid, chains.

What youve said here makes very little sense.

dylkil··on Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
literally dogecoin inlfates by 0.5bil tokens per month
dylkil··on Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
try it on matic or optimism l2
dylkil··on Bitcoin miners are buying power plants
This is already the case. Renewables are increasingly becoming the most popular option for mining, and not because of the Eco-positive effects of using renewables, but because they are getting cheaper to mine with than other sources. Regardless, my thoughts on pow is it is inefficient and wasteful. PoS is the future of consensus mechanisms.
dylkil··on Coinbase from YC to DPO
At its bare bones crypto is a perimissionless payments system, you dont see any value here?
dylkil··on Coinbase from YC to DPO
>This is all feeling very dotcom bubble 2.0.

How many dotcom era companies had net income of $800mil in a single quarter?

dylkil··on Coinbase from YC to DPO
the salt on this board when it comes to crypto only gets worse as time goes on
dylkil··on CEO of a top Bitcoin exchange warns: crackdown on cryptocurrencies may be coming
> Bitcoin was released in 2006

It wasnt. It was released 9 January 2009

dylkil··on The Ponzi Career
>I don't get how you can pre-program a contact to pay a percentage of your earnings.

Sablier[1] is a service that is like payroll management on ethereum. Employers can deposit your monthly wage and it will be streamed to you little by little over the month. If alex had this setup he could 'pre-program' some of these payments to his token holders

[1]https://sablier.finance/

dylkil··on The Ponzi Career
>There’s too much money floating around if people want to invest in nonsense like this.

Alex had his human IPO shortly after the march 2020 crash

dylkil··on Ask HN: For those who use Chrome, why do you?
>Best devtools, particularity regarding how the tools feel to browse around in.

been using firefox for about 5 years now, whenever i have to debug in chromium based browser I think the exact same thing about firefox. I feel like this could be a case of whatever you are used to. Like how android feels vs ios

dylkil··on Court Orders UK Man to Pay $571m for Operating Fraudulent Bitcoin Trading Scheme
according to livecoinwatch[1] a $1.8 billion sell would have a 2% price impact on bitcoin

[1]https://www.livecoinwatch.com/price/Bitcoin-BTC

dylkil··on Uniswap v3
All new features compared to SushiSwap.

Interesting to note the updated license for v3, in an attempt to prevent another SushiSwap

'Uniswap v3 Core will launch under the Business Source License 1.1—effectively a time-delayed GPL-2.0-or-later license. The license limits use of the v3 source code in a commercial or production setting for up to two years, at which point it will convert to a GPL license into perpetuity'

dylkil··on Vitalik escalates ETH 2.0 merge as miners plan a 51% attack
Then they will be on a fork of a fork of a fork (ETC -> ETH -> ETH_POW -> ETH_POW minus Difficulty bomb)

who will take this chain seriously

dylkil··on Ask HN: What advice would you give to a 20 year old?
Dont get married to an idea or thought - explore, experiment, be flexible when working towards what you want to achieve.
dylkil··on World Beer Index 2021: The Cost and Consumption of Beer Around the World
they included the republic of ireland as a part of the uk and put northern ireland (which is in the uk) as its own state
dylkil··on Is Google Locking Down Chrome to Resist the Rise of Chromium Based Browsers?
no
dylkil··on Square buys $170M worth of bitcoins
yes, you can fork the network to use a new hashing algorithm
dylkil··on Bitcoin tumbles 17% as doubts grow over valuations
"Contrary to online speculation, there was no finding that Tether ever issued tethers [USDT] without backing, or to manipulate crypto prices," said Weinstein, a former federal prosecutor.[1]

[1]https://www.theblockcrypto.com/post/95207/bitfinex-tether-ne...

dylkil··on Bitcoin tumbles 17% as doubts grow over valuations
Breaking News: Highly volatile asset experiences volatility
dylkil··on Ethereum Isn't Fun Anymore
Yes, but you sacrifice security for scalability. One of the ethereum layer 2's seem to be the most promising but are yet to gain major traction. Loopring seems to be in a pretty good place right now though. You could also use some other crypto like BCH, which vitalik once suggested could be used to store ethereum state. So if its good enough for him, it might be good enough for you.
dylkil··on Ethereum Isn't Fun Anymore
yes, its been 4 years now and cardano doesnt even have smart contracting capabilities yet
dylkil··on When Bitcoin miners take over a town (2018)
why is hacker news so anti crypto
dylkil··on We live in an age of distractions, dealing with constant mental stimulus
isnt the pain of running long distance a distraction too though?
dylkil··on Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
Hes legitimizing crypto in general. PoS will be proven to be more efficient in almost every way, people will gravitate towards that. Bitcoin has the network effects of being the first mover right now. Ethereum is surpassing it on many metrics, txs/day, $ volume processed per day, etc [1].

[1]https://www.blockchaincenter.net/flippening/

dylkil··on Site.js: Small Web construction set
i think they mean it hot reloads
dylkil··on Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW
Peter Todd said it was because he thought he was hacked [1]. Then two days later he posts a blog about wanting to submit a pull request for bigger blocks[2]. Interesting timing.

[1]https://twitter.com/peterktodd/status/727078284345917441

[2]http://gavinandresen.ninja/time-to-roll-out-bigger-blocks

dylkil··on Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW
The failure to raise the block size limit is the very reason bitcoin has failed as a currency. The main people against against raising the block size limit were blockstream and bitcoin core devs. A competing client to Bitcoin core which supported a block size increase was Bitcoin XT. At one stage it had 50% of the market share, until nodes running XT started getting DDoS'd. Then the censorship began, any posts about bitcoin XT and block size limit increase were banned from bitcointalk and r/bitcoin. [1]

[1] https://hackernoon.com/the-great-bitcoin-scaling-debate-a-ti...

dylkil··on Bitcoincore.org removes Satoshi's whitepaper from website after threats from CSW
>Lots of "they" in there and very little substantive evidence of who "they" actually are and what actions were connected to other "theys" involved.

This [1] is a good recap of what happened

[1]https://hackernoon.com/the-great-bitcoin-scaling-debate-a-ti...

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