Programmer and sysadmin (DevOps?), wannabe polymath in tech, science and the mind. Neurodivergent, disabled, burned out, and close to throwing in the towel, but still liking ponies 🦄 and sometimes willing to discuss stuff.

  • 4 Posts
  • 1.52K Comments
Joined 1 year ago
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Cake day: June 26th, 2023

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  • As Bitcoin has grown, transactions have become slow

    Except for Bitcoin Lightning Network:

    https://en.m.wikipedia.org/wiki/Lightning_Network

    Bitcoin is always being diluted

    It’s also constantly getting un-diluted by people losing their keys.

    Current estimates put the “lost coins” at around 25% of the total. That is twice as many as there are left to mine.

    it is possible that transaction fees will need to be raised to compensate miners.

    That’s been the plan from the beginning.

    Mining halving has been defined with a rough estimate of adoption, volume, and technological advances. It’s why Lightning Network was developed, and why Ethereum has switched to a Proof-of-ownership mining scheme.

    The estimate is rough and quite inflexible, which has lead to cyclic fluctuations around the period of halvings… but from a long term perspective, it has been working reasonably well for the first 10% of Bitcoin’s starting period.


  • This is a fancy way to say that it is slower unless you pay higher fees.

    My bank takes:

    • 24-48 hours for 0€, only in the EU, up to 15k€
    • 5 minutes for 0.50% (min 1.25€), only in the EU, up to 900€
    • 48-120 hours for 0.70% (min 35€), international, up to 20k€

    So my bank is also “slower unless you pay higher fees”… or “slower even with higher fees”… and on top of that, it has an amount cap.

    Meanwhile, on Bitcoin Lightning (https://1ml.com/statistics):

    • Median Base Fee: $0.000617

    fork the network and update it if they had 50%+1

    No. There are 3 components to Bitcoin: Miners, P2P nodes. and coin owners.

    • Getting 1 miner and 1 P2P node, allows forking… and getting kicked off the network.
    • Getting >50% of mining power, allows a chance at double-spending some own coins.
    • Getting 100% of miners AND/OR 100% of P2P nodes, allows taking over the network.
    • Getting an owner’s key, allows full access to the coins tied to that key.

    Neither of those are impossible, some are just easier and have a higher ROI than others.

    The tax and identity layers have to be added on top. They are not built-in.

    Same as with cash.

    Yes, this is one of the selling points of Bitcoin vs. Banks, in an age where cash is getting phased out.

    The opposite, is also a selling point of “OpenSource Money with Taxes built-in” vs. Bitcoin.

    Pick whichever side you prefer.







  • There is an allegation about him helping/inciting/collaborating/conspiring with Manning to break a password that would allow them to access information requiring a higher security clearance.

    It’s a serious accusation, and it’s compounded by suspicions of him favoring Russia in his filtering of leak releases, but it’s still crazy the amount of time he’s been not-free because of something he hasn’t been tried or found guilty of.


  • Yeah… “problem” was kind of tongue in cheek.

    But it’s not exactly a “default”, it’s more of a “demographic with little data”… and I bet it’s small enough that the algorithm is showing exactly the content most of its members are looking for. It’s somewhat of a sad reflection on the state of privacy, when keeping things private becomes a segmenting parameter.



  • Interesting article, but in my experience it overstates the problem… at least for Facebook itself (I have zero interaction with Instagram, Threads, or VR).

    I’ve gone back to Facebook for the last few months, and out of what it mentions, I’ve only seen like half of it, mostly in the comment sections.

    Or to be more precise, for 2024 Q2, I’m seeing:

    • election disinformation - almost none
    • violent content
    • child sexual abuse material
    • hate speech - only in comments
    • fake news - almost none
    • crypto scams - a few
    • phishing - a few
    • hacking
    • romance scams - almost none
    • AI content - almost none
    • uncanny valley stuff

    The article however forgot to include:

    • science deniers - a lot in open comments, very few in groups
    • religious zealots - in comments
    • political trolls - a few in comments
    • state-sponsored propagandists - a few in comments
    • general trolls - a few in comments

    Still interesting how I get close to zero of these in my main feed.

    there’s a level of disinvestment in Facebook

    Disagree. Facebook has reached a “plateau of stability” where the current moderation tools keep enough people on the platform to make it profitable.

    I’ve been actively reporting+blocking problematic content, and while about 99% of my reports end up in “no action was taken”, it works wonders to keep my feed and group comments clean.


  • Because I have basically nothing in my feed on this account, Facebook backfills it with “recommended” posts and I was pretty shocked at how universally terrible they are. […] since I’ve provided very little in the way of alternative information or interaction for it to use

    There is your problem.

    When an information-hungry platform like Google or Meta asks you to fill out your preferences “to serve you more relevant content”… they are not lying. I mean, it’s also to select ads that will pay more for your attention, but the thing with the content algorithm is, if you don’t give it data, then it will ass-u-me that you’re statistically most likely to engage with content that is getting most engaged… by people who have also not provided it any data.

    The problem with that cohort, is it not only includes the few people with legitimate security concerns, but also those who got dark secrets to hide, and/or are using “incognito” browser mode to look for porn.

    I don’t like to give too much info about myself, but I also don’t want to get stuff intended for the “average horny fanatics” group, so I try to give enough data for the algorithm to put me into a group that makes more sense to me.

    And it works. The strongest signal you can send to the algorithm, is blocking content you don’t want to see. It’s amazing how quickly modern algorithms learn to avoid showing me most porn, politics, or religious content, and instead show me science and humor. They still send like 1% of trash my way, clearly checking whether I’ll maybe engage with it, but report+block works wonders.