Hacker News: kinakomochidayo

New comment by kinakomochidayo in "ICE and the Smartphone Panopticon"

kinakomochidayo — Fri, 31 Oct 2025 03:17:14 +0000

So why are American citizens getting detained?

New comment by kinakomochidayo in "PayPal's crypto partner mints $300T of stablecoins in 'technical error'"

kinakomochidayo — Thu, 16 Oct 2025 20:08:14 +0000

Actually, a hacker printed 184 billion BTC in 2010 and the chain got rolled back by Satoshi

New comment by kinakomochidayo in "Nostr"

kinakomochidayo — Sat, 20 Sep 2025 04:48:04 +0000

Well, with all the Bitcoin maxis on there, more like right, far-right

New comment by kinakomochidayo in "Nostr"

kinakomochidayo — Sat, 20 Sep 2025 04:42:01 +0000

Nope, because SSD/HDD tech has evolved in capacity while the costs have gone down.

New comment by kinakomochidayo in "PayPal to support Ethereum and Bitcoin"

kinakomochidayo — Tue, 16 Sep 2025 17:45:13 +0000

Minting and selling NFTs in general require more computation, but many smart contracts with NFTs have been gas optimized compared to 2021, sometimes requiring less approvals and transactions.

A lot of activity moved to L2s, making L1 gas cheaper, and so simple ETH and token sends are cheaper. L2s will continue to get cheaper, with the next hard fork around November and L1 gas should be even cheaper with the hard fork after the next.

New comment by kinakomochidayo in "PayPal to support Ethereum and Bitcoin"

kinakomochidayo — Tue, 16 Sep 2025 00:06:07 +0000

You probably need to update your sources. It’s super cheap to send ETH

https://www.gasfees.io/

New comment by kinakomochidayo in "Stripe Launches L1 Blockchain: Tempo"

kinakomochidayo — Thu, 04 Sep 2025 21:08:38 +0000

Dorsey is a Bitcoin maxi through and through. He doesn’t care about stablecoins, etc

New comment by kinakomochidayo in "Stripe Launches L1 Blockchain: Tempo"

kinakomochidayo — Thu, 04 Sep 2025 21:04:43 +0000

Yep. Also, censorship by validators will be impossible if FOCIL is included in 2 hard forks from now.

New comment by kinakomochidayo in "Stripe Launches L1 Blockchain: Tempo"

kinakomochidayo — Thu, 04 Sep 2025 21:01:33 +0000

To be fair, Ethereum wasn’t rolled back like Bitcoin got rolled back in 2010.

Ethereum had a surgical state change on a smart contract via hard fork that implemented that change, so it had 0 effect on other blocks.

New comment by kinakomochidayo in "Stripe Launches L1 Blockchain: Tempo"

kinakomochidayo — Thu, 04 Sep 2025 19:42:10 +0000

Using Bitcoin for payments is a tax nightmare and clunky UX.

Stablecoins are way better, albeit on more decentralized chains like Ethereum.

New comment by kinakomochidayo in "Stripe Launches L1 Blockchain: Tempo"

kinakomochidayo — Thu, 04 Sep 2025 19:37:21 +0000

Like many L1s that have become Ethereum L2, so will this in time.

New comment by kinakomochidayo in "Stripe Launches L1 Blockchain: Tempo"

kinakomochidayo — Thu, 04 Sep 2025 19:33:06 +0000

Those scaling limits are temporary though. PeerDAS in the next hardfork should increase scalability even more on the rollups.

Most of these L1s will likely end up becoming L2s in the near future, especially if they can rake in revenue via sequencers

New comment by kinakomochidayo in "Stripe Launches L1 Blockchain: Tempo"

kinakomochidayo — Thu, 04 Sep 2025 19:29:33 +0000

There’s really no need for a separate L1 to do stablecoins. Just build a rollup on Ethereum.

New comment by kinakomochidayo in "Moneybadger and Peach Payments partner to enable Bitcoin payments"

kinakomochidayo — Wed, 30 Jul 2025 14:33:26 +0000

The website says Bitcoin and crypto*

New comment by kinakomochidayo in "Itch.io: Update on NSFW Content"

kinakomochidayo — Thu, 24 Jul 2025 23:00:18 +0000

Most of the stablecoins are on Ethereum, which is Proof of Stake, and the remaining is on centralized chains like Tron.

Gas fees on Ethereum L2s like Base cost $0.0016 to send USDC, and $0.00064 to send ETH.

New comment by kinakomochidayo in "Itch.io: Update on NSFW Content"

kinakomochidayo — Thu, 24 Jul 2025 22:57:16 +0000

Stablecoins are tokens issued by a centralized issuer that is backed by fiat and /or US treasuries (especially for USD stablecoins). This would mean USDC by Circle, or USDT by Tether, but there are more stablecoins issued by others as well.

Itch could update the prices pegged to BTC or ETH, yes, but they'd either want to keep them, or liquidate them to USD, in which case there is risk of fluctuation between when the token is sent, and when it's liquidated.

New comment by kinakomochidayo in "Itch.io: Update on NSFW Content"

kinakomochidayo — Thu, 24 Jul 2025 14:11:11 +0000

It’s very practical if it’s stablecoins

New comment by kinakomochidayo in "Bitchat – A decentralized messaging app that works over Bluetooth mesh networks"

kinakomochidayo — Thu, 10 Jul 2025 21:06:37 +0000

Yeah, it’d be horrible UX

New comment by kinakomochidayo in "Global high-performance proof-of-stake blockchain with erasure coding"

kinakomochidayo — Wed, 28 May 2025 15:57:17 +0000

No, not all PoS start with the creators having 100% of all coins. See Ethereum.

New comment by kinakomochidayo in "Global high-performance proof-of-stake blockchain with erasure coding"

kinakomochidayo — Wed, 28 May 2025 15:53:20 +0000

Ethereum is doing just fine after going PoS, in fact, it’s much more secure than when it was PoW from a security budget standpoint while achieving less inflation compared to Bitcoin, and will continue to remain secure compared to Bitcoin’s critical security budget issue as block rewards go down. It’s also special compared to other chains in that it started out as PoW for at least 7 years.

Bitcoin has ASIC monopoly and conflicts of interest with core devs connected to companies dipping into mining.

Solana and other chains are VC fueled crap though, I agree.