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Comment Re:Old, unsupported operating system is unsupporte (Score 1) 169

Windows 10 is just fine if you disable all updates and never install anything suspicious.

I have 3 copies. My oldest and first Windows 10 dates back from 2016. Never updated since. Works like a charm even today. Never had a single issue with it. While it kept crashing every times I did the few updates before I decided to throw the towel and disable every single update service and update hooks.

Submission + - Ruby on Rails creator backpedals about Bitcoin: 'We need crypto' (cointelegraph.com)

LZ_Mordan writes: David Heinemeier Hansson, the Ruby on Rails web development framework creator, took to Twitter on Monday to tell his followers that he was no longer a Bitcoin skeptic.

“I still can’t believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies,” Hansson wrote.

In a blog post titled “I was wrong, we need crypto,” the Danish programmer mentioned that he’s been skeptical about Bitcoin and the crypto industry in general since the early 2010s. He noted that some of his biggest arguments against Bitcoin were the cryptocurrency’s energy consumption, transaction fees, the lack of real decentralization, supposed fraud involving Tether (USDT) stablecoin and many others.

But all these arguments do not provide enough reasons to disregard cryptocurrencies as a tool to support freedom and democracy in situations where countries like Canada impose martial law in response to peaceful protest movements, Hansson argued, stating:

“It's clear to me now that I was too hasty to completely dismiss crypto on the basis of all the things wrong with it at the moment. Instead of appreciating the fundamental freedom to transact that it's currently our best shot at protecting.”
Hansson’s transformation from a Bitcoin skeptic to a Bitcoin supporter in response to Canada’s invoked Emergencies Act is another example of the growing crypto adoption fueled by the somewhat excessive involvement of the state.

“Tons of falsehoods in this article about Bitcoin. But still shows the situation in Canada is going to accelerate Bitcoin adoption,” crypto podcaster Neil Jacobs noted.

Morgan Creek Digital co-founder Anthony Pompliano also pointed out previously that authoritarian moves by countries like Canada are “Bitcoin’s marketing team.”

Comment Re:Just like old banking then (Score 1) 142

POS networks will not be attacked by single persons.

They will get controlled by a cartel of token owners.. So OP was right by comparing it to the banking cartel.

And they will not attack it to lose money. They will not attack it. they will take CONTROL. Just like the current banking cartel.

POW networks don't work like that. Miners are living on the edge of profitability in order to just validate txs. That's it. They have nothing else. And they need to shop for the cheapest electricity.

Comment Re: Size of blockchain (Score 1) 142

They keep the hashes, ditch the blocks. Once downloaded they compute the hash for the block and compare it against the stored one.

The computed hash must be valid against the stored hash.

and so what?

You have a wrong hash. But you can't recreate the data. Its lost forever unless someone gives it to you. Imagine that all available historical nodes give you the same corrupted data. You are kicked out. game over.

In the end the decentralization of the network will be based on the number of historical nodes, which in Bitcoin is called Full Nodes but Ethereum pumpers decided to change the meaning to suit their agenda.

Comment Re:nothing new (Score 1) 142

51% attacks already exist on PoW networks. Not sure where you're going with this. The only way PoS fails where PoW succeeds is if too few "small" parties agree to stake. 51% attacks under PoS will only happen if everyone just throws their hands up, says "no thanks", and hands control of txn verification to a few small parties.

Small networks yep. But not on Bitcoin. Because in the end POW is protected by ENERGY. The energy available on earth is finite.

POS works differently. If your entities under your control have 51% of the stake (similar to a company where if you have 51% of the shares you take control), you have absolute covert or overt control. Depending on your strategy for profits.. covert or overt.

That power allows technically to change the past covertly or overtly depending on the number of nodes on the network and the ability of node operator to influence to politics of the blockchain.

Comment Re:nothing new (Score 1) 142

PoW transaction history cannot be changed without doing the work again. Energy protects the data. It is based on the assumption that anyone is able to run nodes and be able to keep in check the miners. You as a miner cannot change the difficulty. Its part of the algo.

That is why most Bitcoiners are small blockers. They want african laptops to sync the chain and be a node. this unable them be work as a full peer.

POS client don't have function to change history of course. It would happen by the works of insiders who own 51% of the tokens being staked. The assumption also being that there a few nodes in the ecosystem to keep them in check. That is what big centralized blockchains are .

Comment nothing new (Score 5, Interesting) 142

this has been in the works since 2017.. so why pushing the narrative now?

Besides the author conveniently avoid the cons of Proof of Stake.

POS is similar to the banking cartel, except it uses a blockchain to keep track of who has the decision power.

POS networks are effectively controlled by a cartel of big entities who control 51%+ of the stake.

POW transaction history is protected by real energy. Txs on a POS blockchain can be rewritten at will by a majority.

There are already many POS networks. EOS is one of them. Ethereum is riding the hype of POS but once reality sets in, people will see the limits.

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