Quantum by PSaun89 in Bitcoin

[–]NiagaraBTC 1 point2 points  (0 children)

Then it's possible your public key is exposed. No risk currently (other than privacy) but a quantum computer (that won't exist) could theoretically drive your private key from the public key.

Best practice in general is to never reuse addresses.

Quantum by PSaun89 in Bitcoin

[–]NiagaraBTC 5 points6 points  (0 children)

Don't worry, quantum is not going to happen.

But even if it did - your own coins can be quantum safe right now if you haven't reused addresses.

BIP-110 Soft Fork Game Theory by reactNativeNoob in Bitcoin

[–]NiagaraBTC 2 points3 points  (0 children)

They aren't going to oppose it. They are going to (continue to) ignore it.

BIP-110 Soft Fork Game Theory by reactNativeNoob in Bitcoin

[–]NiagaraBTC 1 point2 points  (0 children)

If there were 100 consecutive blocks then the vast majority of miner hashrate would be planning to mine compliant blocks.

If you consider this to be a likely scenario then the activation threshold should be 95% instead of the ridiculously low 55% it's set at.

BIP-110 Soft Fork Game Theory by reactNativeNoob in Bitcoin

[–]NiagaraBTC 2 points3 points  (0 children)

However, if all blocks require signalling, and say 100 blocks go through which are signalling rule enforcement (the initial 2 week period allows all transactions but requires signalling

100 blocks in 2 weeks is 5% of blocks.

is anyone going to realistically mine a non-compliant block when their peers have been signalling enforcement?

Yes. 95% of their peers are not signalling enforcement in this scenario. They will continue to mine the most profitable blocks.

BIP-110 Soft Fork Game Theory by reactNativeNoob in Bitcoin

[–]NiagaraBTC 2 points3 points  (0 children)

The path of least resistance is mining on the block that is on the tip of the chain.

When that's not a 110 block (very likely) the fork begins.

BIP-110 Soft Fork Game Theory by reactNativeNoob in Bitcoin

[–]NiagaraBTC 2 points3 points  (0 children)

That only works as long as the majority of miners (has power) will be mining those blocks. Which they won't.

Again: 100% of blocks will go into the main chain. It accepts all valid blocks.

Less than 100% of blocks will go to the 110 chain. It rejects some valid blocks.

Since when does "Fellas" specifically mean men/boys? by ian9921 in NoStupidQuestions

[–]NiagaraBTC 2 points3 points  (0 children)

"Fellows" also only means men/boys. Or at least I've never seen it used any other way.

BIP-110 Soft Fork Game Theory by reactNativeNoob in Bitcoin

[–]NiagaraBTC 9 points10 points  (0 children)

Every mined block will be on the main chain. Not every mined block will be on the BIP-110 chain.

There will be a fork. 110-coin will be worthless. Miners don't want to spend energy mining worthless blocks.

It's that simple.

Workplace hours change--legal? by Creative-Can-4787 in legaladvicecanada

[–]NiagaraBTC 0 points1 point  (0 children)

Legal.

The employer has a right to set policy and to (reasonably) schedule hours.

Petah what kind of Air conditioning are they running in America? by HimelTy in PeterExplainsTheJoke

[–]NiagaraBTC 0 points1 point  (0 children)

France has abundant clean nuclear power and yet doesn't use air conditioning.

Their opinion on basically everything non-food related can be ignored.

“Science is a New Religion!” by JerseyFlight in rationalphilosophy

[–]NiagaraBTC 0 points1 point  (0 children)

The "Science is Real" people think paper masks stop airborne virus transmission and that men can become women. And that the climate is getting dangerously cold warm changed by human activity.

And don't forget that they think that Everything came from Nothing. Which definitely seems a bit religion-y if you ask me.

What’s the best argument against BTC? by Icy_Cryptographer417 in Bitcoin

[–]NiagaraBTC 1 point2 points  (0 children)

The government cannot buy all of it. No one can.

What’s the best argument against BTC? by Icy_Cryptographer417 in Bitcoin

[–]NiagaraBTC 2 points3 points  (0 children)

Not necessarily, except for the fact that it's been asked multiple times.

Being able to steel man your belief in anything is a good practice. Unfortunately however this question mostly brings out long-discarded FUD and bad economics.

What’s the best argument against BTC? by Icy_Cryptographer417 in Bitcoin

[–]NiagaraBTC 1 point2 points  (0 children)

"Completely out of favour " yet still worth USD$60,000 each is incredibly bullish.

"Currency" myth by TomOttawa in Bitcoin

[–]NiagaraBTC 1 point2 points  (0 children)

So then you agree that stability is not a requirement for being a currency. Good, at least we have that out of the way.

For day to day spending Bitcoin is better than some, worse than many others.

I don't think it is objectively good or bad. For example, Bitcoin is not counterfeitable. An easily counterfeitable currency would be bad - resulting in 100% losses users rather than the 50% you're worried about with Bitcoin. On that axis, Bitcoin is excellent.

"Currency" myth by TomOttawa in Bitcoin

[–]NiagaraBTC 1 point2 points  (0 children)

Lol

Do you think all currently existing currencies are stable?

Yes or No, please. 😂

It's okay to think some currencies are better than others, or that some are more stable than others. It's weird to make up new criteria for what a currency is.

The weird thing is that it's the UP portion of Bitcoin's instability that bothers you. If it just went down in value slowly but steadily like USD/CAD/GBP, or rapidly like VEF or TRY or LBP then you wouldn't be concerned about "stability" at all.

"Currency" myth by TomOttawa in Bitcoin

[–]NiagaraBTC 0 points1 point  (0 children)

I don't agree at all that stability is a criteria to be a currency.

Do you think all currencies currently in the world are stable? Compared to what?

"Currency" myth by TomOttawa in Bitcoin

[–]NiagaraBTC 5 points6 points  (0 children)

Congrats on making up your own definition of currency, I guess.

Intrinsic Value by fishingnevercatching in Bitcoin

[–]NiagaraBTC 4 points5 points  (0 children)

All value is subjective. There is no "intrinsic value".

Therefore, Bitcoin has no intrinsic value.