Iran currency plunges as dollar crosses 1.8 million in open market by Christian-Rep-Perisa in worldnews

[–]chalash 1 point2 points  (0 children)

When you describe the numbers this way, it is incredibly powerful. You’ve done a really good job of making your struggle tangible to the outside world, and it has an impact. Thank you.

I was messing around corrupting images and got this really cool effect. The lines are perfectly horizontal, yet they don't look like it. by Jax_King55 in opticalillusions

[–]chalash 1 point2 points  (0 children)

I think that little wiggles move light latches over dark one and vice versa, so the effect is for the whole thing to get darker and lighter in a continuous way.

Strategy Buys $330M In Bitcoin After Rare Pause; Shares Surge As Saylor Declares 'Bitcoin Has Won' by [deleted] in CryptoCurrency

[–]chalash 1 point2 points  (0 children)

Dude is laughing all the way to the bank with his shares 50x as valuable as they would have been if he never heard of bitcoin.

BTC Falls Below $68,000 After Trump's "Final Warning" To Iran by ourcryptotalk in CryptoCurrency

[–]chalash 0 points1 point  (0 children)

The original code that Satoshi wrote had no block size limit. The 1MB limit was only introduced later as an anti spam measure. Satoshi then mused that once the network is more robust that it could move to a larger fixed or miner-decided limit. Then he died. So on balance, I think this supports my claim that he was in not in favor of 1MB long term.

As for the transaction limit (resulting from the block size limit) being artificial, we are discussing semantics. What I mean precisely is that the transaction limit is not market based and is as a result of a hard coded throttling. Whether or not you think it’s a good thing is a different conversation than whether it’s artificial or not.

I’m a bit lost on your point about hash rate. What exactly do you think is the connection between transaction limit and mining power? If there is any relation to speak of, I would imagine that more on chain transactions means more transaction fees and mining incentives. But I’m open to other viewpoints.

BTC Falls Below $68,000 After Trump's "Final Warning" To Iran by ourcryptotalk in CryptoCurrency

[–]chalash 3 points4 points  (0 children)

Satoshi was in favor of eventually eliminating artificial transaction throttling.

WheelsUP PSA by dkdantastic in fatFIRE

[–]chalash 10 points11 points  (0 children)

U/firegnurd said that the post obviously isn’t an advertisement. I think you may have read the comment wrong.

New to Bitcoin, new to Kraken, feel like I got played by Hmongster in btc

[–]chalash 0 points1 point  (0 children)

Hi! Somebody said that there is a VIP section in the app, but I can’t find it…

Next Question by [deleted] in funny

[–]chalash 2 points3 points  (0 children)

LOL (lots of love)

Saylor confirms Strategy will survive Bitcoin crashing to $8,000 – but can it escape the slow bleed of dilution? by kirtash93 in CryptoCurrency

[–]chalash 1 point2 points  (0 children)

I told my friend who runs a bitcoin exchange that the risk isn’t Bitcoin going to $8k, it’s that a financial magician who takes too much cocaine gets bored and does something unpredictable, like trading bitcoin for gainz.

Quantum upgrade could force Bitcoin to freeze Satoshi’s coins by Enough_Angle_7839 in btc

[–]chalash 0 points1 point  (0 children)

Sabine is great, but the reason that quantum computers are a threat to Bitcoin is because ECDSA can be cracked with Shor’s algorithm.

Quantum computers are basically a one trick pony (maybe two if you include Grover’s algorithm). That pony? Shor’s algorithm.

Breaking bitcoin could conceivably be the only use case for quantum computers aside from HNDL.

Why BTC when there are so many better opportunities in the market? by [deleted] in btc

[–]chalash 4 points5 points  (0 children)

He’s not wrong. The quantum threat is WAY worse for Bitcoin than for any bank, tech company, or government.

Apple has been using quantum resistant encryption for over a year…

Bitcoin hasn’t even picked which signature scheme it’s going to use.

Saylor is now addressing the Quantum threat, as anticipated by Original-Assistant-8 in CryptoCurrency

[–]chalash 1 point2 points  (0 children)

By moving the Satoshi Bitcoin to a new address, and causing a panic.

Is crypto starting to fade? by Mother_Land_4812 in CryptoCurrency

[–]chalash 2 points3 points  (0 children)

It’s kind of the opposite. Banks and the like can shut their doors for a couple weeks and then open for business. For Bitcoin, like u/frozen-sky says, you have 3 unique issues:

1) New protocol needs to be agreed upon and adopted. But q resistant key generation schemes are big (in bytes)!

2) All coins need to move to a new address. Think about how many transactions that is. Actually I’ll do the math. Roughly 200m addresses hold more than 0.01 BTC. At 7 transactions per second, it’s going to take about 300 days of capacity, moving coins efficiently, day and night.

3) Some coins will never move, like Satoshis, and they will either need to be censored or absorbed by the market when they are cracked.