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thinkloop

2,120 karma · joined June 5, 2012

Software, Engineer, Finance
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thinkloop··on One year on, El Salvador’s Bitcoin experiment has proven a failure
People have realized this a long time ago. The expected configuration is a node-based network like the internet. Messages (money) hop from "router" to "router" until they reach their final destinations through the shortest paths. The "bank" would still be your bitcoin wallet, while your lightning allocation would be like a credit account with every vendor simultaneously. The nodes are routers. The amount you put "at-risk" in lighting only needs to be a minimum amount you need to transact for the day/week/month - and it is not really "at-risk" since there are strong protections built-in.

The general story is that not all transactions are equal. A payment from your cousin for a poker debt doesn't need the fury of a million computers protecting it. Similarly if you have an ongoing relationship with a vendor, and many other examples. In real-life there are vastly differing trust-profiles between transactions. It's ok to trade some security for some efficiency sometimes. It doesn't make sense to treat them all the same.

thinkloop··on One year on, El Salvador’s Bitcoin experiment has proven a failure
Are you asking how do lighting STAKERS make money if lightning transactions are so cheap? Right now they don't, people are doing it to bootstrap the network. But in the future, they will be able to make it on volume. Staking is nearly costless. There were 369 billion purchase transactions for goods and services worldwide in 2018 [1]. At a penny per, that's a lot of scratch.

[1] https://www.cardrates.com/advice/number-of-credit-card-trans...

thinkloop··on Ask HN: Where are the good platforms for contract work?
What rates are people charging these days?
thinkloop··on AI could end foreign-language subtitles
Translation barely works with text, it's still too literal, doubt this can be human-equivalent for a long time.
thinkloop··on Eyeo wins German copyright decision, sets legal precedent for who ‘owns’ HTML
Books? What do we need books for? We've written more books than any person could consume.
thinkloop··on Basic income would not reduce people’s willingness to work
One of the touted benefits of UBI is that individuals are better able to allocate money to meet their needs than some outside entity. However some results from Canada showed that some people continued to spend "irresponsibly". Rather than spending money on food, shelter, medicine and clothing, some continued to spend on maintaining addictions and/or entertainment, then still required assistance from the system. Can a society rely solely on UBI to help the down-trodden? I don't think so, in some cases you have to directly give food, medicine and shelter.
thinkloop··on Show HN: RootMy.TV
My LG has an option in settings to disable ads.
thinkloop··on Show HN: RootMy.TV
Why do you prefer sticks spying on you than TVs?
thinkloop··on Show HN: RootMy.TV
Doesn't Apple TV need to access its network for the content?
thinkloop··on Database-less torrent website
IPFS requires "pinning" content for it to exist, meaning you host it, whoever pins content becomes liable for its distribution, if no one pins it, it disappears. That's why you can't freely host things like child porn on IPFS.
thinkloop··on TikTok dethrones Google.com for traffic in 2021 according to Cloudflare
"Google.com includes Maps, Translate, Photos, Flights, Books, and News, among others." but not YouTube. These are traffic stats, so TikTok being video is important to know.
thinkloop··on Self-hosted on-demand synched file storage
After some research it looks like seafile [1] and nextcloud virtual file mode [2] are viable candidates.

[1] https://www.seafile.com/en/home/ [2] https://nextcloud.com/blog/nextcloud-desktop-client-3-2-with...

thinkloop··on Pico CSS Framework
I think the issue there is that there are thousands of available CSS properties. Without assumptions, every single one would have to be specified for every single class. Imagine the same for JS or any other language, you would have to re-write the standard lib if you couldn't rely on it.
thinkloop··on Pico CSS Framework
A lot of the lists (UL) break for many of the libs in the demos, including pico [1]. Also in pico, the cursor remains "default" instead of switching to "text selection" when you hover over text to select it - is that a style choice?

@dohliam do you have some favorites, ones with the least "errors" and non-standard paradigms?

[1] https://dohliam.github.io/dropin-minimal-css/?pico

thinkloop··on LastPass to become independent company
Literally the week I switched to BitWarden (per the advice of HN'ers) because LastPass seemed to have stopped caring. Either way BitWarden is near perfect and FOSS, so no reason to go back.
thinkloop··on Proof of stake is incapable of producing a consensus
I see what you mean now. Interesting thought to peg inflation to difficulty. I think the main issue is that Bitcoin is not, and will not be, a means of payment. So price stability doesn't matter much. The nature of the system favors few, large transactions. The small-block size crystalized that. Bitcoin is truly suited as a clearing layer. Eventually it will process just the largest most expensive transactions in the world. Which is good since that's the only way miners will get paid and the high transaction costs will ensure continued security.
thinkloop··on Proof of stake is incapable of producing a consensus
The difficulty is where the security comes from. Bitcoin's goal is to have the highest possible prices and difficulty so that nation-states and alien civilizations can't hack it. It's very easy to have a cheap low-difficulty coin. Equally worthless too. You need to understand that proof-of-work is actually proof-of-waste - the waste, the difficulty, the cost, is the security.
thinkloop··on The unbearable fussiness of the smart home
Turning off the lights is a big problem. You need to introduce presence detection, which is more than motion - people are very still when watching a movie or reading a book or working at their desk. That's when you have to introduce phone detection or heat detection or other sensors that need to be processed and integrated exploding the complexity.
thinkloop··on End of Support for Firefox Lockwise
No-one seems to ever mention LastPass for some reason when this comes up. It's a complete solution, locally-encrypted, backed-up to the cloud, auto-fill, apps, all platforms, etc.
thinkloop··on Unmasking the most viral page on Facebook
It doesn't seem like facebook pumped the whole page, all other posts have extremely low engagement, literally < 10 likes. What's wrong with pumping individual "good" posts? If anything it can be seen as honorable/egalitarian giving folks a chance to make it even if they aren't some media behemoth.
thinkloop··on The million-dollar drug (2018)
Everyone is blaming the company or the patent system or general greed, but really there is an extremely simple solution: pay the $1M. In Canada and Europe it's medicare, ie taxes, ie the general population that would pay for it, but they refused. In the US it's insurance companies, ie the general population (as insurance is just socialized losses), that refused. If people are uninsured then force the state, ie everyone who is feeling so bad about it, to pay for it. It's odd that being the genius inventors also means that you now also have to be the only ones to pay for it. This isn't a story of exorbitant profits - even at a million a dose they would barely make their money back. It makes no sense to isolate the group of people who are actually working on the thing to be the only ones to pay for it.

By extension, this story demonstrates how we price life. What if the cure was a billion dollars, is that worth society paying? What about a trillion? At one point a limit is reached, and it seems that one million is one of those limits that we all quietly agree upon.

thinkloop··on Why Zulip will not get on the blockchain bandwagon
If only it were possible to adjust that number to better reflect these market failings through a shared elected body of some sort...
thinkloop··on Rich Harris joins Vercel to work on Svelte full time
I'm not sure that's a fair assumption, one of the original sells of a shadow dom was that manipulting the dom directly is extremely slow, so doing as much work away from it is faster.
thinkloop··on Deno 1.16 Release Notes
Where are we at with Deno in terms of gotchas? Can it be used comfortably end-to-end for an average project? Does it have enough features implemented that you don't end up needing to find workarounds in the middle of a project?
thinkloop··on MacBook Pro 14-inch and MacBook Pro 16-inch
And yet I still have to hard reboot after closing the lid on a fresh ubuntu install on a 7 year-old lenovo in 2021.
thinkloop··on Backblaze S-1 IPO
SPACs don't even have a business idea, and they trade above cash. They literally sell the potential of possibly getting into some sort of business one day.
thinkloop··on The wealthiest 10% of Americans own a record 89% of all U.S. stocks
Top 1%? How disingenuous can you be, that's made up of the top 0.01% who own 30% of the top 1%'s wealth alone [1]

[1] https://review.chicagobooth.edu/economics/2017/article/never...

thinkloop··on The Fugate family of Kentucky has had blue skin for centuries (2017)
https://s.abcnews.com/images/Health/abc_blue_man_thg_130925_...
thinkloop··on Seal-mounted camera recovered after 3 years on ocean floor yields hours of video
3 years of suffering for 19 hrs of video
thinkloop··on Facebook bans, sends C&D letter to developer of Unfollow Everything extension
Couldn't you go a step further and have the extension look for "sponsored" list items and simply remove them from the html?
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