pull down to refresh
0 sats \ 0 replies \ @Scoresby 2h \ on: Stacker Saloon
They stop coining pennies (#1285999) and look what happens! (Seen today in Austin TX)
You make a good point, but blocks are consistently full these days (especially since the widespread mining of sub 1sat/vB transactions.
I'm still of the hopeful belief that blocks will get fuller and fuller.
They cost more though, not less.
Let's assume by altcoins we are talking about coins that at least fit the broad description in the Bitcoin whitepaper, so Litecoin seems like a good example. Why do you consider it more expensive to transact on Litecoin?
Someone using Litecoin certainly doesn't receive anywhere near the same doublespend security of BTC, nor do they receive the same censorship resistance, yet it might be cheaper to use litecoin for a transaction than onchain bitcoin when fees aren't as dirt low as they are (It's definitely not cheaper than Lightning).
This is a mis-use of the word pegged.
Sure, I probably should have used the word "backed" but I'm not sure that is much better. I agree that collateralized is a good way of describing it, but I think people have a pretty good sense that pegged means "trying to keep at the same value as" and at least for rme, my most immediate association with "pegged" is "losing its peg."
I'm really enjoying reading through Voskuil's Cryptoeconomics. It's probably the best book for thinking about bitcoin that I've ever read. It's really just a series of little essays on different aspects of Bitcoin, but almost all of them lead to you down rabbitholes about how this thing works.
A user must pay to post and they must pay to comment, but they don't necessarily have to pay to see more of what they like on the site. Of the three actions one might do on SN, zapping is the least directly tied to the outcome one might want (more of this kind of content).
Rewards being tied to zapping seems like a way one might encourage more zapping and if there is more zapping, the hope is that the connection between zapping content you like and seeing more of the content you like might become more clear.
MSM wasn't pleasant, I agree. And probably i agree with you that rewards ought to be aimed at being predictable. Yet I wonder if there isn't a short enough time frame, and a small enough reward sum, that makes the random winner mode feel more like fun and less like dreadfulness.
There is a French language article referenced in their post. Here is a translation:
The new method traffickers are using to communicate out of reach of law enforcement: the Google Pixel phone and the GrapheneOS operating system. That is the confidential information that judicial police shared with all other services on November 7. The anti-cybercrime office describes this new method being adopted by criminals, particularly drug traffickers. “In my cases, none of these devices has ever been successfully opened by the police,” says a lawyer who specializes in such matters.A few months ago, while searching the suspected leader of the sprawling Île-de-France trafficking network known as Omar, investigators from the narcotics brigade seized a Google Pixel phone. The moment police IT specialists tried to extract data from it, the device mysteriously reset itself. The Paris judge handling the case will therefore have to proceed without the phone’s contents in the investigation against Bilel.This suspected 27-year-old trafficker is believed to have run a drug-delivery phone platform which, between 2023 and 2024 in Paris, generated two million euros in revenue and allegedly caused three overdose deaths during chemsex parties.Designed to “enhance the security of personal data stored on mobile phones”
Encrypted messaging apps such as WhatsApp or Telegram, and even dedicated encrypted phones, no longer pose a challenge for investigators. For years now, police have been able to break into phones and computers even when suspects refuse to give up their access codes. Criminals have previously used other technical solutions as well. EncroChat, an encrypted phone platform, and SkyECC, an encrypted messaging service, are the most notable examples. The former was hacked by French cyber-gendarmerie, and the latter by Belgian police. The data obtained led to the arrest of countless criminals worldwide, including hitmen and international traffickers.GrapheneOS, on the other hand, is “an alternative mobile operating system running on the Android ecosystem and developed specifically to enhance the security of personal data stored on mobile phones,” explains an analyst from the judicial police. It promises users the highest level of privacy and protection against intrusions and violations of personal data currently available. The software is free and designed to run exclusively on Google Pixel phones. These devices incorporate a hardware security chip that protects communications by encrypting them.“Initially presented as a legitimate solution meant to protect citizens from intrusions into their mobile phones—especially journalists, researchers, or activists—GrapheneOS has gradually spread to users seeking above all to avoid any form of data collection or analysis by authorities, including in a judicial context,” the police add.Legally available—and also on underground markets
One distinctive feature of GrapheneOS: you can get it both on the darknet and on mainstream websites. Police have also detected specialized forums, darknet chat rooms, and unlisted YouTube channels that promote it.“When this system is present on a mobile phone, it is a clear indicator of technical sophistication and an intent to conceal,” adds one officer. The software can erase all data on the phone by displaying, for example, a fake Snapchat screen when a cyber-investigator tries to access its memory or decrypt it.“We don’t sell anything; we have neither clients nor users,” representatives of GrapheneOS told Le Parisien–Aujourd’hui en France. “People can download our operating system for free onto their Pixel phones and use it. Our security and privacy work is highly appreciated by security professionals, and is regularly recommended and used by human-rights activists, journalists, and lawyers.”“Criminals also use knives”
The organization, which is not a company but a foundation, emphasizes that its solution is used by ordinary people who dislike how most apps and operating systems treat their data. It adds that if criminals use Google Pixels and GrapheneOS, it is simply because the solutions work well. But that does not make the developers complicit, they insist. “Criminals and traffickers also use knives, fast cars, and cash—things that are also widely used by honest citizens,” the representatives say.GrapheneOS further notes that it protects users from hackers and from intrusions by the secret services of authoritarian states. “We consider privacy a human right, and we are concerned about projects like Chat Control (a European bill aimed at detecting child-abuse material in messaging apps, but heavily criticized), which the French government supports. The invasion of privacy enabled by such legislation would have alarming implications under an authoritarian-leaning government,” the foundation argues.
Hey WildHustle, this is pretty cool. I was happy to see that you store things locally. So many fitness apps beam your data to servers unknown. This is one I might actually use. I'll check it out.
That difference makes sense.
The truly random option you describe in another comment (#1286158) probably makes more sense. But the dopamine lover in me thinks it would be pretty awesome to take home the whole pot.
I suppose it would be possible that someone figures out an optimal zapping strategy that would lead to a reliable gain of sats (thereby defeating the purpose of Sybil fees).
This could happen with a reward spread out over some random segment as well, but not for a single big winner.
Would another solution be to randomly select one zapper each day who gets the whole days rewards?
This would incentivize creating a multitude of accounts and zapping a little from each, so perhaps there needs to be another qualification: zaps at least a certain amount, or zaps and comments.
I remember when we had the somewhat random rewards function that varied the criteria. Maybe it's that sort of model, but with a random winner function, like a lottery.