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kss238

195 karma · joined October 18, 2017

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kss238··on Visa confirms Coinbase wasn’t at fault for overcharging users
If you were Visa would you really want to put out an obviously negative statement like this anymore than you have to?
kss238··on Ending Bitcoin Support
Since many of ethereums transactions are from smart contract that use lots of gas, looking at the average transaction fee is misleading. Check ethgasstation.info for the transaction cost of a simple transaction. $0.08 will get you confirmed in the next block, and $0.02 will get you confirmed in 15 min.
kss238··on More than 10 percent of $3.7B raised in ICOs has been stolen
And? The parity wallet was not hacked, just is unable to be withdrawn from.
kss238··on More than 10 percent of $3.7B raised in ICOs has been stolen
My understanding was that if they rolled back the entire network to just before the hack, lots of transactions would be rolled back that didn't need to be.

That's why, from what I remember, when etheruem was hardforked created a transaction from the thief's wallet to a new smart contract, and everyone agreed to validate that transaction even though it wasn't signed by a private key.

kss238··on More than 10 percent of $3.7B raised in ICOs has been stolen
That doesn't contradict my understanding of how the hard for occurred though. Obviously the etc chain didn't change.
kss238··on More than 10 percent of $3.7B raised in ICOs has been stolen
Why would it? What does the parity wallet have to do with ico's?
kss238··on More than 10 percent of $3.7B raised in ICOs has been stolen
" By creating a new network that picked up from just before the "fradulent" activity."

I thought they just created a new transaction that moved all the stolen funds to a new smart contract?

kss238··on GIMPS Project Discovers Largest Known Prime Number
Cryptography
kss238··on Airbus ready to axe A380 if fails to win Emirates deal
The F35 program's decision to source parts from nearly every state in the US is a political one, not from a logistics issue. Boeing finds it much easier to convince Congressmen to continue the program if jobs would be lost in their state if the program was cut.
kss238··on Does China’s J-20 rival other stealth fighters?
Am I missing something here about point 7?

>It is worth noting, however, that China’s criteria for defining aircraft generations differs from accepted international standards. China defines aircraft generations based upon when an aircraft was integrated into the air force. Per China’s criteria, the J-20 is considered a fourth-generation aircraft.

kss238··on Litecoin and Ethereum buys and sells are temporarily disabled
Gotcha, I thought you were saying that a bailout already happened. It's obvious to me now that you were saying someone has already asked for a bailout.
kss238··on How RSA Works: TLS Foundations
Can someone explain this section some more

>Considering that we need a distinct key for each individual, that exchanging keys with each person would be a significant computational burden, and that there are more cryptographic functions needed than simply exchanging keys, new methods arose.

Isn't this exactly what RSA does, exchanging a private symmetric key with asymmetric crypto? The next paragraph makes it seem like RSA does something different.

kss238··on Litecoin and Ethereum buys and sells are temporarily disabled
Yes obviously. But you earlier stated that "Already happened basically!" in reference to a crypto bailout. So again, how is "seek" equivalent to "ask" here?
kss238··on Litecoin and Ethereum buys and sells are temporarily disabled
Seek = "already happened"?
kss238··on Litecoin and Ethereum buys and sells are temporarily disabled
How? When?
kss238··on Litecoin and Ethereum buys and sells are temporarily disabled
Before this latest gain, Korean exchanges were consistently priced 5-10% higher than all others. Now it's reversed. I don't think it signals anything.
kss238··on Litecoin and Ethereum buys and sells are temporarily disabled
Eth is at $630 right now, so unless I'm misunderstanding something, you'll have made money.
kss238··on I gave Amazon a key to my house and regretted it
I'm pretty sure Amazon launched its own delivery service.
kss238··on DNA sketch leads to suspect confession in Texas slaying
I'll believe it if there is an actual DNA match between the man and DNA found at the scene.
kss238··on CBOE Will Start Bitcoin Futures Trading on December 10
They're trading futures not bitcoins directly.
kss238··on Ask HN: Who is hiring? (December 2017)
$1,200/Month stipend? Is that a joke? That's minimum wage.
kss238··on Bitcoin Bubble Makes Dot-Com Look Rational
That doesn't mean Facebook is overvalued though. Just because it's value could disappear doesn't mean it has no value.
kss238··on American Equity
I'm fairly certain that the opposite held true in reality. When the multi state lottery association decreased the is of winning the Powerball last year,sales went up a lot because of the lure of the $1B payouts.
kss238··on SpaceX raises another $100M
Typically funding is wanted to pay for things.
kss238··on Bitcoin World’s 30th Largest Currency, Market Cap Closes on Mastercard
The 24hr volume for bitcoin is currently at 6.2 B.

Selling 10 MM of bitcoin in a day would not affect price very much. Looking at the largest American exchange (6% of daily btc volume), GDAX, a 10 MM market sell order would drop the price to around 9400 USD from 9750 USD currently.

Selling 100 MM of bitcoin in a day would affect the price significantly. Looking at GDAX, a 100 MM market sell order would drop the price to around 7000 USD from 9750 USD currently. Although this would be arbed pretty quickly and I would think that it would recover to maybe 8500 USD.

kss238··on Warning Signs About Another Giant Bitcoin Exchange
Did you read the webpage? BitPay is a payment processor. They mention the increase in total BTC transactions but it focuses on their growth as a payment processor
kss238··on Bitcoin is a bubble, no plans to short-sell: Japan Post Bank CIO
It was more like a 20% correction but it's already is back up and higher than pre drop.
kss238··on Snap’s Rise and Fall: How a Big, Splashy IPO Prompted the Doubters to Keep Mum
"art-forms"
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