2,281 karma · joined April 18, 2011
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> Back in 2014, the last year of the Google deal, that agreement brought in $323 million of the foundation’s $330 million in total revenue.
> they can always lower it later
I don't think this is true. Once you have blocks on the chain greater than 1mb, those blocks must be valid forever. That means protocol must support new blocksize forever.
No, they checked the balances with the banks. They verified the amount as stated was held by the bank at the time. You can see that in the section that begins "FLLP confirmed each bank account directly with the respective bank"
Some of the claims he makes are disingenuous. Bitcoin Gold has nothing to do with Bitfinex, and is listed on a number of exchanges. It's definitely a pretty sketchy project, but it was a BTC fork and users tend to dislike when their exchange keeps forked tokens to themselves. EOS/IOTA are big projects with large market caps and real teams. Did some weird accounting happen after the Bitfinex hack? Maybe. Did most of the people end up getting their money back? Yes. Does it matter now? Not really. This is the largest BTC exchange (by volume) in the world. They generate tens of millions of revenue from exchange fees every month. There's no clear reason for them to engage in any weird, illegal money schemes at this point, they already have a money printing factory.
https://tether.to/wp-content/uploads/2017/09/Final-Tether-Co...
blockchain != bitcoin. solutions such as ripple, iota, and others have tech in place that can scale to those levels and beyond. i don't think any of them are ready to replace visa yet, but the hurdles are not fundamental to blockchain.
Like the rising US stock market and real estate prices, without accompanying consumer standard of living?
> Poor oversight of loans causing volatility in commodity markets and general mayhem
Like the 2008 crash?
So, they currently have ~300k square feet. They are expanding to a space with 736k square feet. And they have 102 job openings posted, which they were all filled would expand their workforce by less than 10%. What exactly do they need all this new space for? Even if they have huge plans to somehow expand their filesharing business, doubling their workforce at this point seems quite optimistic.
Prescient words from Mike Hearn.
Sorry, but I just don't agree. Javascript is a popular language, and has an important role to play in frontend development, but for financial transactions and critical contract code, the lack of safety almost guarantees catastrophic bugs and vulnerabilities will be made in production code. Maybe this is fine for hobby projects, but if you are talking about moving billions of dollars around in the real global economy, I don't see it being done safely in Javascript. I like that projects such as Tezos are integrating formal verification of smart contract code, that seems like the right way forward.
I'm not an expert in software licenses, but this seems wrong. Can you really have "free" GPL software that requires a subscription fee?
Also, I believe that a hacker who gained access to LastPass's database would merely get a bunch of encrypted passwords. LastPass doesn't know your master vault password, which is needed to unlock your vault and use the passwords that are stored there. So, they are a big target, but primarily for attacks like this where an individual page might be able to hijack the plugin for users visiting the site, and not because some could hack LastPass and get everyone's passwords.