ikken
Joined 16 years ago
Joined 16 years ago
In quantum entanglement they are both truly and really random until you measure one. And it's not random in a sense that you closed your eyes when putting them into envelope. They actually both don't have a "selected" color. They "snap into one of two colors" when you measure (look at) one. And the "unbelievable" thing is that when you measure one, the other one immediately snaps into opposite color, no matter how far it is.
In other words, when you're waiting for bitcoin transaction to be confirmed and go to check how long ago the most recent block was produced, in order to estimate how soon the next one will come - you're doing it wrong. Even if previous block was found 9 minutes ago, you're average waiting time for the next block is still 10 minutes.
[1]. https://www.reddit.com/r/btc/comments/7rs8ko/dr_craig_s_wrig...
I have no confidence that Bitcoin or any other currency doesn't fork in the future, because it is possible at any moment. The fact that the fork has happened or not changes nothing - it always stays as a possibility.
In other words the chance of Ethereum or Bitcoin hard-forking in the future wouldn't change if the hard-fork didn't happen right now.
Apart from that I liked this post and it shone some light on issues I wasn't aware of.
[1] https://www.reddit.com/r/btc/comments/4nai1r/on_fungibility_...
But please do check this simple gist I found some time ago that helped me understand how powerful asyncio is:
I think benchmarking asyncio with any type of CPU bound tasks misses the point. Previously we were relying on hacks like monkeypatching with gevent, but now we've been presented with clean, explicit and beautiful way to write massivly parralel servers in Python.
For example, one reason for the existence of transaction fees is to prevent network from being DoSed (overwhelmed in terms of processing and storage) by flood of "free" transactions. How can e.g. Nano handle this problem with no fees? This and other problems are discussed in section "V. ATTACKVECTORS" of their whitepaper [1].
Unfortunately, rather than provide concrete, mathematical solutions, the white-paper provides mostly "discussions" of why those issues are not really a problem or that some feature will prevent them (e.g. PoW attached to each transaction - which in itself is form of a fee, non eco-friendly and might be prohibitivly slow at scale). Those discussions are not researched enough to give assurance that Nano would function efficiently and securely if it were ever to get popular.
Blockchains are very inefficient and a we're still figuring out how to make them faster and cheaper without sacrificing too much security and decentralization. But as is often the case - there's no free lunch. And extraordinary claims require extraordinary proofs.
[1]. https://content.nano.org/whitepaper/Nano_Whitepaper_en.pdf