Posts by ugmug@bitcoinhackers.org
(DIR) Post #AERrOvqckFd6DZt3fk by ugmug@bitcoinhackers.org
2021-12-16T03:07:44Z
0 likes, 0 repeats
@bitcoinmagazine Ray flip-flopping again?
(DIR) Post #AERtBvhMBnNftkTpgm by ugmug@bitcoinhackers.org
2021-12-16T03:27:48Z
0 likes, 0 repeats
@deeznuts @nvk I recently learned that Session is affiliated with some shitcoin called OXEN. Stopped looking into it after that.
(DIR) Post #AESry6O7k64UCZHplg by ugmug@bitcoinhackers.org
2021-12-16T14:48:48Z
0 likes, 0 repeats
@deeznuts yeah I know it doesn't require the token to run, but like Signal, the affiliation makes me want to keep looking for alternatives. On Signal, once something comes along that's normie-friendly and as secure as Signal I'll swich friends and family away from it.
(DIR) Post #AETWXmegaB9VaobPvM by ugmug@bitcoinhackers.org
2021-12-16T22:22:24Z
0 likes, 0 repeats
@pj I've been using Pluggable devices with Linux for years now without any issues.
(DIR) Post #AEVUwM0OzX2gaUGgnQ by ugmug@bitcoinhackers.org
2021-12-17T21:14:54Z
0 likes, 0 repeats
@jimmysong I'm finally getting through this episode and it's extremely interesting.
(DIR) Post #AEVYUlV30i3lMghcEy by ugmug@bitcoinhackers.org
2021-12-17T21:54:44Z
0 likes, 0 repeats
@hagradec lol what FUD? Block height keeps going up that's what matters.
(DIR) Post #AEW811mRVneXWKxTrE by ugmug@bitcoinhackers.org
2021-12-18T04:32:42Z
0 likes, 0 repeats
@mrman 0.1 BTC minimum.https://docs.wasabiwallet.io/FAQ/FAQ-UseWasabi.html#coinjoin
(DIR) Post #AEXoj5sr95LxCdeJW4 by ugmug@bitcoinhackers.org
2021-12-18T22:04:32Z
0 likes, 0 repeats
@cybeardjm 😒https://hackernoon.com/asic-resistance-is-nothing-but-a-blockchain-buzzword-b91d3d770366
(DIR) Post #AEZEucuTUHn6mcWfjM by ugmug@bitcoinhackers.org
2021-12-19T16:34:10Z
0 likes, 0 repeats
@drgo I'm still planning on watching this but I've heard his argument about this before. I think it would lead to fractional reserve banking again, where of course banks that have their reserves too low would fail.However, fractional reserve banking was necessary because of gold's shit properties as a currency. Bitcoin doesn't have those drawbacks so it doesn't require paper notes (USD) for the common person to utilize. USD has no future IMO.
(DIR) Post #AEbtZyC9dhyj9Zz5Ie by ugmug@bitcoinhackers.org
2021-12-20T20:11:18Z
0 likes, 0 repeats
ASIC resistance fails because if a coin actually gets popular, someone will make an ASIC for it. The only thing stopping this is centralization on the dev team (see Monero and Ethereum) where they can easily change the hashing algorithm to prevent ASICs from gaining popularity. So you either have a maximilly decentralized protocol with ASICs or you have a centralized ruler.
(DIR) Post #AEbtZyeruwwmadQ13Y by ugmug@bitcoinhackers.org
2021-12-20T20:11:29Z
0 likes, 0 repeats
ASICs do not centralize mining any more than an ASIC resistant coin because mining for any popular coin will naturally gravitate to cheap and available energy, which is typically not residential (grid) energy. The only reason you don't see many mining farms for shitcoins is because they lose out to #bitcoin over time anyway, so they are not worth the investment to set up in the first place.
(DIR) Post #AEbtZz6WG945yOM69g by ugmug@bitcoinhackers.org
2021-12-20T20:11:42Z
0 likes, 0 repeats
The capital requirements of setting up a miner for an ASIC resistant chain vs an ASIC chain do not amount more decentralization because of the added security provided by ASICs. ASICs are a moat. General purpose computing, whether CPUs or GPUs, can be repurposed back to consumers, while ASICs cannot. An attacker must source and acquire machines that have a single purpose in order to attack #Bitcoin, and if they are successful, those machines will become worthless.
(DIR) Post #AEbtZzX6fIKfIqnKb2 by ugmug@bitcoinhackers.org
2021-12-20T20:12:02Z
0 likes, 0 repeats
But for an ASIC resistant chain, an actor pulling off the same attack would be able to resell their hardware, reducing the overall cost of the attack. ASICs are necessary to secure a large amount of value. Exactly what that amount of value is has yet to be seen, but as the ASIC resistant coins gain in value, the payout to attack them increases as well.Great article here: https://medium.com/hackernoon/asic-resistance-is-nothing-but-a-blockchain-buzzword-b91d3d770366
(DIR) Post #AEeTctUxn1Lg5DRKoy by ugmug@bitcoinhackers.org
2021-12-22T05:12:34Z
0 likes, 0 repeats
@nvk @pablof7z for the lazyhttps://bips.xyz/85
(DIR) Post #AEjdGO9rbOb3qOHGfQ by ugmug@bitcoinhackers.org
2021-12-24T15:51:32Z
0 likes, 0 repeats
The only use case for #blockchain is digital money: #Bitcoin.
(DIR) Post #AEqrpUwz6De2VgbnPM by ugmug@bitcoinhackers.org
2021-12-28T04:40:20Z
0 likes, 0 repeats
@Qincel shitcoins flip shitcoins all the time. Just stick with Bitcoin.
(DIR) Post #AEyaRFgY3iQ4GBS8no by ugmug@bitcoinhackers.org
2021-12-31T22:03:09Z
0 likes, 0 repeats
@SovereignMan mine won't.
(DIR) Post #AEz8jwRhDDTMX7abDM by ugmug@bitcoinhackers.org
2022-01-01T04:27:29Z
0 likes, 0 repeats
@lukedashjr did anyone document the 2021 incident in a blog post or article?
(DIR) Post #AEzzOAapEAcNbsMZ6m by ugmug@bitcoinhackers.org
2022-01-01T14:17:25Z
0 likes, 0 repeats
@lukedashjr what is backing this claim? Genuinely curious, I haven't heard of it before.
(DIR) Post #AIj7iS1TpG7WPI3d44 by ugmug@bitcoinhackers.org
2021-12-13T00:19:04Z
0 likes, 1 repeats
@btcminer the positive feedback loop of a Bitcoin economy is going to be astounding.