Hacker News Reader

s3xhamon Mark Karpeles Gets Suspended Jail Term

MTGOX-USD codes were about as liquid as you could get 7-8 years ago.

s3xhamon Mark Karpeles Gets Suspended Jail Term

Tux has really slimmed up for sure. Let's be honest and say Jed's the real Teflon Don MVP unloading the MtGox shitshow on Mark, doing the ripple thing, selling that chainless shitcoin to banks and rinsing and repeating again with Stellar.

-otc bro high-five

s3xham on Kdenlive: an open-source video editor

Reaper is amazing. Take your projects with on win/Mac/nix for $60

s3xham on Kdenlive: an open-source video editor

Very true and another advantage for shotcut. Layering and multiple timelines is the defining feature between "oh look it's Windows Movie Maker, except worse" and a quality non linear editor.
I've definitely grown cynical but I will try out kdenlive and see if it has matured. Shotcut has been my Linux go-to for several years now.

s3xham on Kdenlive: an open-source video editor

Shotcut and openshot crash less for me in general under linux, maybe I should give kdenlive a chance again after reading about the GUI fuzzing progress. My experience has been that kdenlive is prone to crashing and saving your project often is a must

s3xham on 773M Password ‘Megabreach’ Is Years Old

Market making at its finest! /s

s3xham on We can confirm that there was a successful 51% attack on Ethereum Classic

This phenomenon of "mysterious Bitcoin miner smashing your shitcoin" was pretty common in the early days, especially around the time namecoin merged mining came into play. Any theoretical attack that might be possible on Bitcoin would be attempted elsewhere if you didn't have the hashpower to carry it out on mainnet.
Origin of the term shitcoin would most likely be unable to defend the 51% attack
Good write-up op

s3xham on Stablecoin Basis is closing down

there's no reason to hold any stablecoin other than speculation (is it really really worth an equivalent fiat unit) or temporal liquidity. This whole concept of a stablecoin is fallacy unless you think it might serve some liquidity or velocity purpose.

s3xham on Harvard Quietly Amasses California Vineyards and the Water Underneath

Freshwater speculation in the future is going to make a lot of people rich, given the current undervalued nature of fresh, clean, drinkable water. The kind that sustains life.

s3xham on Digging into Browser-Based Crypto Mining

GPUs are just as power hungry as CPUs (keccak/sha3/sha2/cryptonight; it's going to draw more power). Monetizing your user base via any type of proof-of-work at this point is just plain stealing electricity IMHO, unless your user base is an ASIC farm or working some unheard-of cryptocoin with a low mining difficulty.
I ran 16 GPUs on Bitcoin for 18-24 months when it made sense to do so. I pool hopped to game rewards and had failover bitcoind solo nodes for when pools got DDoS'd. There was a time when it made sense, but ultimately GPUs got priced out.
The people who are chasing this dream are quite literally 6 or 7 years late to the profit margin vs. electrical efficiency equation in terms of Bitcoin and maybe 18 months too late for Monero. That's the evolution of all POW mining, electrical efficiency.

s3xham on After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors

Liquidated enough bitcoin in February of this year to payoff my mortgage. Owe a significant amount in taxes next year. Token investment from 2013 paid off, was time to exit based on articles like this.
Never shilled or advised others to "invest" because the best time to sell is when everyone else is buying and I understand how pyramid schemes work.
Got took for a ride in every major ponzi, scam, etc prior to 2014 seeking interest... greed. Hello, hi! HN - I know you don't like the bitcoins.

s3xham on Venezuela devalues the bolivar by 95% and pegs it to ‘oil-linked’ cryptocurrency

POTUS made that illegal for US citizens

s3xham on JPMorgan CEO Jamie Dimon says Bitcoin is a fraud that will eventually blow up

Ripple is chainless. Ripple actually has the potential to scale beyond 10 minute block intervals; the speed of light, potentially a true interplanetary settlement network.