almavi (u/almavi) - Readit News

almavi commented on Coinbase Sued by SEC for Breaking US Securities Rules bloomberg.com/news/articl... · Posted by u/kgwgk

anthonyskipper · 2 years ago

Cryptocurrency is a general threat to "society". It enabled a lot of bad actors and issues that did not exist before, and it is also in contrast to a lot of previous legislation created specifically to protect the average citizen. We should all treat it as a threat.

almavi · 2 years ago

Agreed. And, btw, they are not going against token developers or miners but against companies that are profiting from selling securities without complying to the regulations and some times even wash trading them.

almavi commented on Panama unveils bill to make Bitcoin legal tender cnet.com/personal-finance... · Posted by u/danaos

stavros · 4 years ago

Yes, but you can verify blocks independently and see that someone verified a block that was actually invalid. It's not something that can remain secret.

almavi · 4 years ago

But you won't verify the blockchain and call every node to say "hey! big corp X is cheating". The consensus protocol is what it is and if 51% agree on anything it will go on. We are at the mercy of 4 giants messing with the chain. Also probably simple double spending could be noticed and proven wrong but, for instance, rolling back a transaction would still be possible breaking the immutability of the blockchain.

almavi commented on Panama unveils bill to make Bitcoin legal tender cnet.com/personal-finance... · Posted by u/danaos

stavros · 4 years ago

That article performs some sleight of hand, where nodes "control" the currency. Nodes sign transactions publicly, they don't control anything. They can't covertly pick the wrong transaction to sign, if they do it will be very visible.

almavi · 4 years ago

I mean, I may be wrong, but don't consensus between miners determine whether a block is valid or not? Specifically, 51% of mining power determines this, AFAIK.

almavi commented on Panama unveils bill to make Bitcoin legal tender cnet.com/personal-finance... · Posted by u/danaos

ackbar03 · 4 years ago

Well I guess bitcoin remains the most established. I guess they could switch to ether at some point if it goes well, but I remember something about ether not being fully decentralized? I'm not even a crypto nut but these are pretty interesting developments

almavi · 4 years ago

Indeed: https://bitcoinera.app/arewedecentralizedyet/

almavi commented on Panama unveils bill to make Bitcoin legal tender cnet.com/personal-finance... · Posted by u/danaos

mkl · 4 years ago

Are there any successful cryptocurrencies that aren't based on proof-of-waste? El Salvador's and Panama's moves seem like the start of a bad trend.

almavi · 4 years ago

I read a interesting take on this, in case you're interested: https://gist.github.com/joepie91/daa93b9686f554ac7097158383b...

almavi commented on Defeating Cookie Banners transcend.io/blog/defeati... · Posted by u/Sephr

da39a3ee · 4 years ago

Not sure what you mean. What alternative action to putting up a banner do you propose for the huge numbers of companies that are apparently using cookies in a way that requires a banner?

All the companies putting up banners today are clearly using cookies in a manner that would require a banner under EU rules. The EU knew this, and knew the effect their rules would have on the aesthetics and UX of the internet. Hence “vandalism”.

almavi · 4 years ago

An alternative may be to stop tracking users and sharing cookie data with third parties by default.

almavi commented on Why Lichess will always be free lichess.org/blog/YF-ZORQA... · Posted by u/hydroxideOH-

dang · 4 years ago

That is not even close to how this thread turned out.

Would you please not post low-quality disses like this? They break the site guidelines, like this one:

"Please don't sneer, including at the rest of the community." (https://news.ycombinator.com/newsguidelines.html)

- and they lead to extremely low-quality discussion, as seen below.

almavi · 4 years ago

I'm sorry, will do in the future. Thanks for the comment.

almavi commented on Why Lichess will always be free lichess.org/blog/YF-ZORQA... · Posted by u/hydroxideOH-

teachingassist · 4 years ago

If Lichess is a French Charitable Association, why do its (very clear) terms say that we agree to follow the laws of England and Wales?

https://lichess.org/terms-of-service

This seems rather an odd arrangement. Does anyone have any insight here?

almavi · 4 years ago

Good question!

almavi commented on Why Lichess will always be free lichess.org/blog/YF-ZORQA... · Posted by u/hydroxideOH-

scaladev · 4 years ago

What else did you expect on a ~~hacker's~~ founder's site? Make a billion and retire before hitting 20, that's the goal.

almavi · 4 years ago

The ability to understand and praise (although not share) someone else's goals in life!

almavi commented on Why Lichess will always be free lichess.org/blog/YF-ZORQA... · Posted by u/hydroxideOH-

greyman · 4 years ago

I like lichess, it is my first go to website to play chess, but for-profit models also have their advantages. For example in chess.com, they pay grandmasters to be there, and one can learn a lot from grandmasters. They earn money, and invest them back so the site can be even better. So I think neither model is wrong, or inherently better than the other.

almavi · 4 years ago

You almost sound like the world champion don't usually play on Lichess.

u/almavi

KarmaCake day63February 21, 2014

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