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1082
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Other / Meta / Re: grin is now accepted for forum payments
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on: January 17, 2019, 07:35:32 PM
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Monero
Mimblewimble has privacy features, but it also has the first really impressive, true scaling solution in crypto. Privacy-wise, Monero is probably better overall, but its scaling is abysmal, and neither coin can be treated as an impenetrable black box. Grin has succeeding in reducing the size of the blockchain. However, it's still limited to 10 TPS, so the more significant scaling problem remains. With it's adaptive blocksize, Monero can process >10 TPS (up to 1,700 theoretically). |
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1089
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 16, 2019, 03:22:14 AM
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I don’t know that you could port Bitcoin onto Grin. So it is a threat. But their monetary policy is fuxxed. Big mistake having an endless emissions. Same trap Monero fell into. So that significantly reduces the threat. MW can be implemented on a second layer or as a sidechain with BTC I believe. So, how many grins will ever be made? Currently set to 50 per 60 seconds (it was going to be 60/m, but I think they finalised at 50/m). That is not designed to change. So it's infinite. Well, if it's infinite it won't be worth anything. That's Economics 101. I don't know if anyone, including the developers, expect it to be worth much. It's more of a proof of concept of a technology they want to push onto bitcoin. |
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1091
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 15, 2019, 04:20:26 PM
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I was very crazy not so long ago. I have changed a lot too. Life is much easier this way.
Well, yes. I thought about some of these dynamics too. Many years ago, when I was 18, and just barely leaving my parent's house, I did not own many assets, and by the time I acquired some education and life experiences, it took me well more than 10 to 15 years to rise out of the negative networth territory. There are probably other factors, as well, that contribute to willingness to take risks, but I do understand that building wealth takes time, and having a larger stake in the system will cause incentives for less risk taking - especially when facing someone (on the street or otherwise) who appears to NOT have anything to lose by getting in a confrontation (even life or death). Of course, previously, we have had this conversation youth or wealth, and it is not like we have any kind of choice to be able to make ourselves more youthful, so there remains some satisfaction to have more wealth - even though I did not really seek wealth in my life pursuits, it has been nice that my life choices still arrived at some semblance of such, including what is currently (remains of) my bitcoin investment. ive been told i am just as crazy risking my life for fun now as i was in my youth. so ive been told by multiple people. the only thing that tempers me from doing it as much is i need to stay alive for my wife. but still the urge is still there, and very strong. the risks are not vs people, ie putting myself in combat zones, riots or whatever. they are "hold muh beer" types of thing, usually involving machinery that can be forced to do things it was not manufactured to do. the brain starts thinking "i can make that" and i really really have to hold back. but the grin factor and the rush of still being alive afterwards.. oh man You sound like one of those guys who builds a spaceship in his backyard. |
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1095
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 13, 2019, 04:04:04 AM
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All the news of advances for Bitcoin are nice. But in LN some actors are entering the game ...,of dubious origin, banks, institutions, startups, supported by the same.  This as news is fine, you do not have the coins immobilized in LN waiting. Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.https://bitcoinmagazine.com/articles/bitrefill-channel-opening-service-makes-accepting-lightning-payments-easy/I wouldn't worry about banks becoming major LN hubs anytime soon. r0ach always posts his chart with Goldman Sachs, Chase, etc. as major LN hubs. What he doesn't tell you is that Theymos alone has more BTC than Goldman Sachs. I can foresee an alternative scenario where the liquidity of LN is provided by all the cypherpunks, computer nerds, and libertarians who mined or bought most of the coins. |
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1100
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 11, 2019, 03:22:49 AM
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The key part of seasteading is a higher degree of sovereignty. More than just a house boat. International waters is ideal. Any home in international waters needs to be able to handle the waves.
Our spar design allows us to live above the waves.
I am currently in a boat towing the platform out to international waters where it will be placed on top of a 20 meter long spar. This will allow the platform to be 5 meters above the water. The location we will be has 5 meter waves maybe once in 100 years.
Congrats on the launch. Keep us updated. |
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