4 Matching Annotations
  1. May 2014
  2. Apr 2014
    1. You can think of proof-of-work as a competition to approve transactions. Each entry in the competition costs a little bit of computing power. A miner’s chance of winning the competition is (roughly, and with some caveats) equal to the proportion of the total computing power that they control. So, for instance, if a miner controls one percent of the computing power being used to validate Bitcoin transactions, then they have roughly a one percent chance of winning the competition. So provided a lot of computing power is being brought to bear on the competition, a dishonest miner is likely to have only a relatively small chance to corrupt the validation process, unless they expend a huge amount of computing resources.

      bitcoin mining

    1. The best definition of Short Prose that I know of ultimately is contemporary short story writer George Saunder’s take on Vonnegut, “I began to understand art as a kind of black box the reader enters,” Saunders wrote in an essay on Vonnegut. “He enters in one state of mind and exits in another. The writer gets no points just because what’s inside the box resemble real life – he can put whatever he wants in there. What’s important is that something undeniable and nontrivial happens to the reader between entry and exit … In fact “Slaughterhouse Five’ seemed to be saying that our most profound experience may require this artistic uncoupling from the actual. The black box is meant to change us. If the change will be greater via the use of invented, absurd material, so be it.”
  3. Mar 2014
    1. Creativity has to be visionary, subversive, disturbing. It must be innovative. It must drive ideas and concepts. It has to question stereotypes and old models.