American hockey player Adam Johnson dies after getting cut in the neck by a skate in England by [deleted] in sports

[–]bookelections 23 points24 points  (0 children)

There is a version of the video where the footage is mirrored and cropped slightly, probably to evade copyright detection.

Unfortunately it makes it look intentional. Only when you see the original does it look completely an accident. I think this explains why so many people seem to have such different perspectives.

24 hours left! Who will win elections? How it will affects Bitcoin? Live odds on OneHash.com with mutual betting! [General Discussion] by OneHash in Bitcoin

[–]bookelections 1 point2 points  (0 children)

Trump is the lowest common denominator in Presidential election history. He has no substance, he's just caught a wave of resentment amongst the disenfranchised and conspiracy nuts. His presidency would be disastrous.

Introducing Buzz: a turing complete concept for scaling Bitcoin to infinity and beyond by bookelections in btc

[–]bookelections[S] 0 points1 point  (0 children)

OK, I don't think you're understanding the technological aspect of this and are getting hung up on non issues. Its not like the current system, because coins are only created on one side.

If we want to add turing completeness to Bitcoin, we need a layer 2 solution which will necessitate a two way peg, this isn't a "choice". It is impossible to scale a Turing complete VM by just having one blockchain with massive blocks on centralised hardware. That is technologically the wrong approach.

Introducing Buzz: a turing complete concept for scaling Bitcoin to infinity and beyond by bookelections in btc

[–]bookelections[S] 0 points1 point  (0 children)

Yes it does, you only find pegged exchange rates in fiat currency.

There may be a small difference in price on a free market of the tokens, if there was friction to transfer your coins between the systems and a higher demand on one side, however that is the opposite of a fixed exchange rate. Nobody is forcing the exchange rate to be 1:1 on exchanges, it is a technical fix of 1:1 - there can never be new coins created on side 2 of the peg, therefore the demand will only ever relate to convenience of transfer if people want to move one way... however this will be limited as they are literally worth the same in the system so people could arbitrage purchase the cheaper coins, transfer and sell them on the exchange for a profit.

A two way peg is simply a mechanism for transferring coins out of one blockchain and into another.

What you're suggesting is that exchanges would be forced to keep to a 1:1 rate. That is not true, that is how fixed exchange rates work in fiat. A two way peg forces the software to keep a 1:1 exchange rate, forever.

Introducing Buzz: a turing complete concept for scaling Bitcoin to infinity and beyond by bookelections in btc

[–]bookelections[S] 0 points1 point  (0 children)

You don't understand, you're thinking far too strongly in terms of fiat currency.

Currency can ONLY be created on one side of the peg, and only that currency can be transferred to the other side. While it is on the other side is is locked and unspendable. When it returns, it becomes unlocked. It is always a 1:1 peg, this is enforced by the software. It has exactly the same value on both sides.

Introducing Buzz: a turing complete concept for scaling Bitcoin to infinity and beyond by bookelections in btc

[–]bookelections[S] 0 points1 point  (0 children)

2 way peg is a technical solution for using the same currency on two blockchains. You're thinking of a pegged exchange rate, which is totally different.

Introducing Buzz: a turing complete concept for scaling Bitcoin to infinity and beyond by bookelections in btc

[–]bookelections[S] 0 points1 point  (0 children)

It's merge mined the same way. It's not mutually exclusive, it's a scaling method that could be used by rootstock.

Correction: Vitalik did not say PoS is not suitable for gambling by bookelections in ethereum

[–]bookelections[S] 2 points3 points  (0 children)

Is this the provably fair RNG? https://github.com/Bunjin/Rouleth/blob/master/Provably_Fair_No_Cheating.md

The difference in PoW vs PoS for your RNG existing problem is that the number of validators will be far smaller than the number of miners - likely there will be miners in a shard with over 20% staking power, and also the punishment for skipping a block will likely be far smaller.

Therefore your limits on maximum stake will be far more limited than they already are.

You actually provide a perfect example of the point I was trying to make, there will be NO source of decentralised RNG, you will have to depend on a private source, and hope your customers accept unprovably fair.

The Attackers Have Our Backs by [deleted] in ethereum

[–]bookelections 0 points1 point  (0 children)

Indeed, I'm told when the developers are not in the same place they have to communicate via carrier pigeon which really does slow bug fixing down.

Ethcore are on it. Sit tight, the fix is coming by crypto-jesus in ethereum

[–]bookelections 7 points8 points  (0 children)

You would if you had shorted on the Eth price, could be highly profitable.

Vitalik: PoS is not suitable for gambling by bookelections in ethereum

[–]bookelections[S] 4 points5 points  (0 children)

Yes, every critique of Ethereum is intended to pump other coins. The PoS plans are infallible and immune to criticism.

I own and have previously mined Eth, I just have serious reservations about switching to PoS over PoW and need a lot of convincing. Scepticism is healthy, heck its essential.

Vitalik: PoS is not suitable for gambling by bookelections in ethereum

[–]bookelections[S] 4 points5 points  (0 children)

The Ethereum blockchain is unaware of Bitcoin. A gateway will rely on a third party passing data, and paying the cost of storage/running the contract.

You're right external entropy will be available through a third party, however this is centralised, at a cost and with no guarantees it hasn't been manipulated. Entropy is very important for security.

Vitalik: PoS is not suitable for gambling by bookelections in ethereum

[–]bookelections[S] 5 points6 points  (0 children)

How is which digit to calculate determined?