jungans
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5 years ago
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on: Hal Finney’s proposal for optimizing Bitcoin to be enabled in Bitcoin Core
You're not missing a thing. Bitcoin is sound in theory. In practice, though, humans are very flawed and they tend to submit to authority more than is healthy. In the case of Bitcoin in particular, the Core implementation has been declared the de facto reference client. Meaning, whatever they say goes. This has proven to be detrimental to Bitcoin as Blockstream, a private corporation is the employer of (or was cofounded by) the most influential Core contributors. Those who disagreed with the direction Blockstream wanted to steer the project to, were removed from their authority position. Now as a result, Bitcoin is unable to scale. Blockstream keeps delaying a simple upgrade that would do just that and at the same time, keeps pushing competing solutions like LN and Liquid. I think Bitcoin as an experiment in human behavior was very interesting. But as a revolutionary technology, not that successful...
jungans
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5 years ago
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on: Crows possess higher intelligence long thought a primarily human attribute
jungans
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5 years ago
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on: Chainalysis in Action: Justice Dept Demands Forfeiture of 280 Crypto Addresses
Privacy is a continuum. CoinJoin offers a trade-off between privacy and convenience. It is good enough for some cases.
jungans
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7 years ago
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on: Abolish Billionaires
Of course not. Is the owner of a monopolistic company a bad person? No. Is it good for society to allow a company to become a monopoly? No.
jungans
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8 years ago
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on: Enter 'petro': Venezuela to launch oil-backed cryptocurrency
Exactly. The minute a cryptocurrency is backed by something, trust in a third party is reintroduced which defeats the whole purpose.
jungans
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8 years ago
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on: Bitcoin Surges Past $7,000 to Extend Record Rally
FYI Bitcoin marketcap as of today is 120B USD but your point still holds.
jungans
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10 years ago
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on: A cave in Romania that was sealed for 5.5M years
wouldn't this make all things comparable?
jungans
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15 years ago
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on: Google Docs adds Pivot Table support
Please please please add something like MS Project...
jungans
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16 years ago
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on: IPhone App Store Developers Aren't Getting Rich
Except selling auxilliary stuff to the prospectors is also a gold rush...
