Bitcoin didn’t succeed because of code. It succeeded because of design. Satoshi wasn’t a great programmer. His C++ was clunky and criticized, but that never mattered. The genius was in the incentive structures that keep the system in balance: miners securing for rewards, users…
you probably need an optimal mix of klingon, ferengi and vulcan for bitcoin.
klingon - mad about spam, sending social message.
ferengi - to get that economics drive everything.
vulcan - to do the game-theory and coding.
the federation is multi-species, but works pretty well.
Whether you try to discourage something, or do nothing, or try to encourage it -- or seem to do these things -- each of these actions or non-actions sends a signal, often a much more powerful signal than the actual security of your effort warrants.
Think about locks on your…
Whether you try to discourage something, or do nothing, or try to encourage it -- or seem to do these things -- each of these actions or non-actions sends a signal, often a much more powerful signal than the actual security of your effort warrants.
Think about locks on your…
GM!
Claiming that you're libertarian is not an excuse for immoral behavior.
The free market does not "allow scams." All scams are contract violations.
A contract violation is an aggression, NOT a free market interaction, as it constitutes theft of another person's property.
I have been aware of Ludwig von Mises for 45 years and I am still learning from the genius of his works and inspired by the fortitude of his character. Happy birthday Lu! @ScottSumnerTMI
One year ago today, OCEAN launched DATUM and a new era of decentralized mining began.
365 days later the results speak for themselves:
• 298 DATUM blocks built
• Over 1000 unique DATUM users
• 942.30664336 BTC mined in DATUM blocks
• 93.6% of OCEAN hashrate using…
One year ago today, OCEAN launched DATUM and a new era of decentralized mining began.
365 days later the results speak for themselves:
• 298 DATUM blocks built
• Over 1000 unique DATUM users
• 942.30664336 BTC mined in DATUM blocks
• 93.6% of OCEAN hashrate using…
@callebtc Fees protect the miners, but they don't provide enough disincentive to protect the full nodes. This has always been a problem, of course. But increasing the OP_RETURN allowance will likely make this problem worse. It also will increase legal risks.
Successful money is far from arbitrary. The most common collectibles were the two most durable and suitably scarce kinds of objects available: biologically crystallized calcium carbonate and later the monetary metals (copper, gold, and silver).
Ok, but I'd add some relevant details to this nice metaphor.
The engineer who originally built the airplane disappeared mid-flight, parachuting off. Then the second most influential engineer went rogue and was kicked out of the plane by the others (and the passengers), together…
Ok, but I'd add some relevant details to this nice metaphor.
The engineer who originally built the airplane disappeared mid-flight, parachuting off. Then the second most influential engineer went rogue and was kicked out of the plane by the others (and the passengers), together…
I feel like I have this again...
It is not a "Core vs Knots" debate.
It is a "BITCOIN CORE MESSED UP" debate.
Knots is just the protest.
25% of all nodes, maybe 80%? of new/updating nodes.
Gloria, tear down this stupid change.
Look, this is real simple.
If I impose filters on YOUR node to prevent what you can send, that's censorship.
If I have filters on MY node to prevent receiving some transactions, that's just ignoring them. They do not prevent you from sending.
Filters are not censorship.
“The power that a millionaire has over me is much less than that of the smallest bureaucrat who wields the coercive power of the state, and on whose discretion it depends whether and how I am to be allowed to live or work.”
— Friedrich Hayek
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