Recent submissions

Comment · 8 years ago
The money earned from Assassin's Creed isn't by creating value, it's given by others who are creating value. I'm genuinely surprised I'm getting so many people disagreeing with this idea.
Comment · 8 years ago
Attention has now been made a commodity, so good luck finding peace and quiet if you don't have the money to buy it
Comment · 8 years ago
Awesome work people
Comment · 9 years ago
As someone who goes as long as possible without performing updates, this is exactly the reason why.

Example: Last time I updated my iPhone, the music app got an update and now they are trying to shove iCloud down my throat. Not to mention needless UI changes when I was more than satisfied with how it was before.

Comment · 9 years ago
Wait, I thought GOP was in support of voter ID to suppress voting?
Comment · 9 years ago
If people trade based upon information asymmetry, then the fact that Bitcoin Cash actually had miners, didn't crash fatally, and was capable of sending transactions constitutes an enormous change in the information landscape.

Pre fork BTC price + risk premium ~ BTC post fork + BCH

Pretend like the fork actually taking place and working successfully as comparable to a company's earning reports. The second that news comes in, it prices itself in almost immediately.

Comment · 9 years ago
Called off a fork that wasn't going anywhere anyway.
Comment · 9 years ago
It's not that weird. It's like any exchange of goods, both parties can come out with an advantage by getting something they want. In the case of Bitcoin Cash, 2 sides of the community got what they wanted.
Comment · 9 years ago
Exactly, the amount of money spent on energy to mine is equal to the amount of mining revenue. Energy consumption is more closely related to price.
Comment · 9 years ago
Definitely, and in addition to what you mentioned, nobody intentionally buys bad reviews ;)
Comment · 9 years ago
No. Miners construct blocks that adhere to the protocol rules agreed upon by validating economic nodes (full nodes run by economic participants of the network).

Ask yourself why miners haven't forked to a version of Bitcoin that gives a higher block reward and you'll understand how it works. Nobody would accept these blocks as valid so the money they are "creating" would be worthless.

Comment · 9 years ago
True, but given this person is 65 with lung cancer, I'd imagine that life expectancy would be much lower, even assuming remission.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton