"In other words, for the system to be cost competitive, a mining cartel or a monopoly really has to emerge — defeating the whole ideological point of the movement."
"These higher marginal costs are due to increasing returns to scale in the operation of computer servers: it would generally be more cost efficient to process all transactions centrally. Moreover, while the marginal costs for traditional payment systems may be expected to remain broadly constant over time, those incurred by digital currency miners may be expected to rise as their usage increases and — in addition to that — to increase over time because of an incentive for overinvestment in new equipment."
What’s great specifically about this coverage is that it provides a different perspective to the conventional Bitcoin coverage. Generalising a bit, the BTC story is told ideology first, technical details later and more importantly as a package. The result of this is that if you have anything to say bad about the underlying restraints, technical limitations or that existing systems are actually more efficient (shocker) you’re quickly stamped as a statist-luddite-enemy-of-the-people.
This reports angle from the perspective of a digital currency being adopted at a national level and it’s structure that separates the ideology from the innovation is greatly needed. Just because your independent barista with an anarchistic slant can accept BTC semi-efficiently, doesn’t mean that it is efficient at the scale the BoE draws attention to.
The ultimate conclusion of the report is in-line with my own view I’ve had for a while now (though not been able to articulate so eloquently): bullish on blockchain — bearish on BTC (the actual currency). Despite the challenges of blockchain outlined in the conclusion, I can’t wait till we see these systems like Stellar/Ripple polished up and unleashed on archaic systems.
Considering how much I use the Tweetbot mute filter regex feature, I’d considered making something like this for a long time now. I’m just so glad it exists, it’s well executed and I can contribute. Highest recommendations for those trying to stay on-top of their timeline or just because some Twitter trends are unbearable.
After moving to a dual computer setup again, I’ve had to go through the motions of setting up sync for essential data. Whilst things have got better as sync tools like iCloud and the Dropbox File Sync API, there are some things that just won’t sync without some low level UNIX work.
One of these things is Chrome extension preference data. Whilst Chrome extensions sync, the Chrome engineers (for reasons I can’t think of) do not have the extension preferences sync. Thankfully you can do this yourself with Dropbox and a little Terminal work! Though note, this work around only works if your machines are running identical browser versions.
When researching setting up this workaround to sync data for the extension RES (Reddit Enhancement Suite), I found a few pieces of information unclear and vague when applying the procedure to OSX and Chrome, so I thought I’d post a more detailed and specific version to this case here.
I constantly find myself on such ends of the internet as Things Organised Neatly, r/Battlestations and The Setup lusting over gear and it’s organisation. If you’re anything like me, you’re going to love this. Whilst Casey’s studio might make aesthetic minimalists have an heart attack, it’s organisation is really damn cool. In the end I think you’ve got to be that organised to make videos of Casey’s caliber.
Elizabeth Gunnison Dunn offers six reasons why tipping, particularly at restaurants, should be eliminated.
Whilst tipping culture here in the UK isn’t quite as prevalent as it is in the US — I back these sentiments strongly. I think it’s hard for me to express my distaste for externalising the true cost of goods/services in any form, whether that be admission/credit card fee’s, unlisted taxes or tipping. Though the ambiguous nature of tipping makes it just that much worse.
Optimistically with some companies adopting more transparent and simplistic pricing models such as Über (Who are abolishing taxi tipping!), Unbranded and Square we’ll see a reduction of pricing asymmetry in the future. Though what’s more worrying is that some of us prefer the model of shitstorm pricing.
In the advent of BadBadNotGood; an instrumental experimental hip-hop jazz trio, releasing a new single for free download today — I thought it’d be an appropriate time for a quick post about the band which got me through my recent exams.
In 2010 three members of BBNG formed over their shared love of both Jazz and Hip-Hop Artists such as DOOM, Odd Future and JDilla — and their debut Bandcamp album certainly reflects that. This self titled album and a lot of their newer work consists mostly of familiar Hip-Hop track covers — making a genre I’d previously been excluded from by purists entirely accessible. I think Sputnikmusic’s Dante Alighieri put the way BBNG are transcribing the two genres best: “A welcome reinterpretation of modern jazz without the pretense of snotty wine parties and thick rimmed hipster dinosaurs”.
Everything about BBNG I’ve heard and seen seems so fresh, not only because of the interesting fusion of two sounds — but also their ascend to relative popularity through embracing the internet way of distribution and promotion enabled by sites such as Bandcamp, Tumblr and Twitter. Their disclaimer on their second album is also particularly interesting:
No one above the age of 21 was involved in the making of this album. This album was recorded in one 10 hour session. Thanks to our friends, family, loved ones and anyone who fucks with us.
I tend to listen to instrumental music whilst working as lyrics tend to muck up my flow when writing essays. In the past I’d been largely restricted to pure electronic/hip-hop though I’ve now been introduced to a new ambient sound to work to — I’m loving it.
I have the feeling a lot of people are also like me with an aversion to lyrical ambient work music, so if you want to give BBNG a chance their extensive YouTube channel is a good free place to start —following that with the free BBNG2 LP.
Though whilst doing pure maths I can listen to lyrical content Wu-Tang, Deltron3030 and more recently JCole are particular favourites. ↩
An interesting and provocative 20 minute documentary on Cody Wilson — the founder of Defence Distributed.
Not only does the 3D-printing of weapons bring up interesting questions regarding the law and morality of the practise — but also the engineering of these parts. The current receivers are direct clones of the metal counterparts so naturally with 3D-Printed plastic being weaker than the metal, the printed parts are failing. Though with practises like topology optimisation enabled by 3D printing and new printing materials — I’m confident that these printed receivers could be more durable, lighter and cheaper than their official metal equivalents in the near future.
The open source publishing platform DefCAD used for hosting the files for receivers, extended magazines and other controversial items without censorship is operational but needs funding. Luckily it accepts Bitcoin.
Whatever you may think about Mythbusters, there’s no denying the great passion and gripping storytelling of Savage.
There’s a whole section on Tested.com dedicated to Adam talking through his prop making expertise, tutorials on doing it yourself and even a tour of his replica filled home office. I picked out the bullwhip video to embed over some of the technically impressive builds as the whip story makes the finished product that much cooler. I also may or may not have just watched them all back to back.
See r/smyths to avoid the cringeworthy advertisement based structure much like this. ↩