Don’t give your coins to politicians, kids. They’ll just become dependent and less able to survive in the wild.

“Clever” troll is still obvious

How big is a Bitcoin transaction anyway?

Bitcoin block 841,308 (most recent as I’m writing this) is 1,615,771 bytes and has 3,148 transactions, for an average transaction size of ~513 bytes.

Because a Monero transaction is about one and a half to two kilobytes

So yeah, about 3 to 4 times as large as an average Bitcoin transaction.

Keep in mind we have dynamic block scaling so that the blocks will get larger as more transactions come in.

That’s not a scaling solution, though. Larger blocks provide throughput at the expense of decentralization, since fewer people will run full nodes as resource usage increases. Eventually it gets to the point where it becomes feasible for a government to track down and compromise all the remaining node operators.

It seems like lightning service providers may very well be considered money transmitters

Not sure how much this would matter. Lightning wallets don’t care whether their channel partners are registered money transmitters, or just some rando operating through TOR or in a permissive jurisdiction. In the case of Samourai, taking down the backend rendered the wallet useless. Taking out a lightning node just temporarily inconveniences users that were connected to them.

Monero may be a good option for some individual users right now, but it isn’t a long-term solution for bringing financial privacy to the masses. That pretty much has to be done through Bitcoin wallets with privacy features. Bitcoin is already criticized for not scaling well, but Monero is far worse. If I remember correctly, Monero transactions are roughly 4 times as large as Bitcoin transactions, and they don’t have any way to do off-chain transactions the way Bitcoin can with Lightning.

Yes, I agree.

Doesn’t really have anything to do with the public ledger aspect. They got busted because they were maintaining a backend service that their wallet was dependent on, and they were making money from it. Simply releasing a wallet with privacy features is still presumably legal (IANAL) due to free speech protections applying to code. The government can still prosecute end-users directly, but the same is true for users of dedicated privacy coins.

Are there any physical obstructions between the controller and the antenna? That’d reduce the effective range.

Moderator here. While it’s reasonable to post your anime podcast here once, making a post for each episode is an excessive amount of self-promotion, at least for the activity level that we’ve currently got here. I’ll leave your existing posts up, but please refrain from making any more of them.

Yeah, I laughed at that bit. Big “I am not a member of the National Socialist German Worker’s Party” energy.

The volatility is dampened as more people start using it, including using it as an investment. Dampened volatility makes it a worse investment, but a better currency. If you analyze Bitcoin’s price history, you’ll see that it used to be more volatile than it currently is. This trend is likely to continue, barring some sort of catastrophic failure of the system.

Huh, I wasn’t expecting more Gundam Seed after almost 20 years. MyAnimeList link for English speakers.

I love these memes that turn into threads full of vim tips. You really can do anything within vim. You can even exit vim!: !killall vim

Huh, I’m going to have to try that at some point. It’s even got nim support.

Link for the lazy

I’ve had this article that I’ve been meaning to read open in a tab since June:

Introducing Ark: An Alternative Bitcoin Scaling Solution Focused On Preserving Privacy

I imagine they’d also want to have something you can click that shows how many votes were local, how many were from other instances, how many were blocked, etc.

Actually, that would be really cool and worth doing regardless. Have a voting statistics view for each post where upvotes and downvotes are broken down per instance, and maybe by other criteria too. @ernest

Might be interesting to have per-instance weighted voting. So local votes would count as 1x, votes from other instances could count as 0.5x, and votes from that one instance that has a lot of vote brigading would count as 0x. Would be useful for smaller, specialized instances that tend to get harassed by outsiders.

Back in the day facebook only had a like button and people demanded a dislike button. I don’t know what facebook thought internally.

😆

Randstorm is specific to javascript implementations of bitcoin (as in bitcoin-js, not sure if there are others). Bitcoin core is unaffected, it’s written in C++.

Keybleed is just unciphered’s wallet checker app, right? Not some separate vulnerability?

Interesting. I was thinking more of gray area stuff than outright lying, like playing up the importance of facts that support one’s position and downplaying those that don’t.

I read somewhere a while back that it’s supposedly an evolutionary thing. In a social competition for resource allocation, confidently arguing your position regardless of its correctness is more beneficial than admitting you may be wrong.

It’s probably exacerbated by the internet, where the relative anonymity and psychological disconnection further reduces any benefits to admitting to an error.