Comments URL: https://news.ycombinator.com/item?id=17729403

Points: 4

# Comments: 0

Surprising: Bitcoin part is largely left uncriticized.

I would say the author of this article is clearly biased against the Austrian view that make Bitcoin attractive to the libertarian types so the criticism is largely unsurprising.

What we do see is that the author of the critique and the author of the book can't be both right, especially about history. The success of Bitcoin does seem to favor the Austrian interpretation, though I'm sure many will disagree. Whatever the case, the experiment that is Bitcoin will continue and give us more data to make the case ourselves.

Comments URL: https://news.ycombinator.com/item?id=16413604

Points: 3

# Comments: 4

Nearly everyone from Silicon Valley that's progressive/liberal thinks there's no problem or that the problem is something else.

Nearly everyone not fitting the description above thinks there's a problem and that it alienates them.

https://soundcloud.com/noded-bitcoin-podcast/noded-020

Some requirements for me:

* WYSIWIG editor * Tutorials * Infinite canvas/Path editing

Comments URL: https://news.ycombinator.com/item?id=15575363

Points: 180

# Comments: 98

That's simply not true. If the utxo gets spent on the other chain, the two coins are permanently split.

> Also, automated system may have no way of handling it if those automated systems are not upgraded. Which means a merchant could end up with thousands of payments that they have to manually fix. And, those merchants will be forced into adopting the new software to correct the issue, they will have no choice to o ignore it.

And incur legal liability? Businesses will gladly do lots of manual work to avoid thousands of lawsuits.

Fact is, it's really only a problem for the businesses and even without any replay protection, they can very easily split coins by using either post-split coinbase coins or any coins ever mixed with any post-split coinbase coins.

The only case where this is a problem are business to consumer transactions and p2p txs both of which you rarely do, if ever if you use BTC as a store of value.

In any case, if you believe Bitcoin's main value proposition is as a great store of value, then replay protection simply doesn't matter that much. You wouldn't be transacting enough to matter.

Comments URL: https://news.ycombinator.com/item?id=15021711

Points: 78

# Comments: 6

Comments URL: https://news.ycombinator.com/item?id=14895421

Points: 11

# Comments: 1

https://medium.com/p/why-icos-are-very-different-than-seed-c...

Comments URL: https://news.ycombinator.com/item?id=14242620

Points: 60

# Comments: 17

https://blockexplorer.com/block/000000000000000001b12145b9ba...

https://blockchain.info/tx/143a764d3fa405f428e1d0e5b9d01b88e...

This tweet showing the screenshot is clearly earlier:

https://twitter.com/evanoconnell/status/824614832691355648

It used to be a 2-person company before it was acquired. A large part, surprisingly is scale. During Black Friday to Cyber Monday, for instance, the site is hit pretty hard by all the on-line shoppers. There's also a ton of different sites they manage, of which RetailMeNot is just one (deals2buy is another, a bunch of other international sites). They also have iOS and Android apps, mobile versions of the sites and a lot of community engagement.

There's a whole department to figure out which coupons do well and which affiliates pay better than which other ones to figure out which ones to feature. There's another department to manage all the different commission rates (mostly to call those companies to pay more). There's a whole community engagement group that tries to get more users to submit coupons or more users to use the site. There's a sales department that tries to get exclusive coupons in return for featuring them. There's even customer service to deal with users that are having trouble. Finally, there's a department to acquire new properties. Also, all those international coupon sites have their own mini versions of all these departments.

You also need HR, finance, office manager, etc. The headcount goes up pretty quick. When I left it was around 400 employees. It actually hasn't grown that much in 3+ years.

Comments URL: https://news.ycombinator.com/item?id=13820644

Points: 2

# Comments: 0