mike.farm

For the proof-of-unique-human problem, what is probably ideal is to use Bryan Ford's old idea Pseudonym Parties, and resolve the issue of fake regions (anyone pretending to be a quindecillion people in the middle of the…

I agree with your points. As a beginner, I also think learning about Bitcoin is just as important as investing in it. Using discretionary income and following a DCA strategy can reduce emotional decisions, but…

I'm not hand-waving anything, I'm describing a "novation network" with at most 3 nodes per agreement, and how that allows a much simpler coordination. I am stating this does not work for longer payment chains. This is…

An update on what to me seems ideal to coordinate the novation (and, note the "novation network" can exist as its own thing first, and you can place the second tier under it to serve 10 billion people later): Majority…

A bit late to the party on the old "commit register" idea, “Party A promises X to Party B, claimable if a preimage to hash H is published in the commit register prior to timestamp T”, it seems it would work perfectly…

Why that tone? The question he asked is good and valid, and as my response shows, there is a very logical answer to it. People often shy away from questions and answers and stick to mediocrity ("don't ask") but those…

The payment coordination Lightning Network uses is the one invented by Ryan Fugger in 2003 (LN is his Ripple with "collateral" on top). It was never secure. Ryan had the right idea in 2006 ("chunked penalty") but it…

I really believe the Lightning Network concept is the future, or more like Ryan Fugger’s idea of multihop payments where every user acts as an intermediary, and you could use collateral like Bitcoin or Ether in these…

Saw a video stating two times bottom reached the day after midterm elections. In 2014 and 2018.

Why? Because of a 27% correction? We had these many times in 2017 before we hit 20k.

I have been meaning to put together a review thread for the splitter, but things have been really busy. I will soon. The device works wonderfully, and has been providing adequate power downstream to my other USB hubs. I…

I received my splitter today, and will begin testing it by week's end. Characteristics I intend to test: Powered output and use on connected hubscomparison between phone charger and powered splitter for phone charging…

I will be testing one of the Eyeboot 2-Port powered splitters, courtesy of Klintay.

Dave the position you describe is the "intra-node sharding" side. This is one of the two "sides" in the scaling debate, and the other is "inter-node sharding". In the "intra-node sharding" side one argument is typically…

In the sharding debate, this model can be positioned as intra-validator sharding subordinating inter-validator sharding. It combines the best of both worlds. Thesis, anti-thesis, synthesis. I made an illustration to…

Exactly. And if pooling of validation can be done "underneath" Nakamoto consensus and internal to the validator, no reason to centrally agree on how it has to be done (i.e., the approach Vitalik Buterin and many have).…

No the beauty of it is that you can propagate transactions in blocks and mempool by transaction hash ranges, so that rather than being node-to-node it becomes sub-node to sub-node. So if you take 1 MB block size, and…

So, Bitcoin has the potential to scale to a practically infinite block size by managing things internally with delegation. Picture a group of 1024 folks handling 1024 times bigger blocks, although this needs some…

Arbitration is essentially buying in one market and simultaneously selling elsewhere, benefit from temporary differences. To apply arbitrage in crypto currency trading, the cost and speed of transactions must be taken…

It's amazing that in just 1 year there have been 9 attacks on decentralized finance. it is a challenge for developers to fix the system to cover the loopholes that could be harmful. also to realize a new and better…