Viewing profile — flowctrl

Because bitcoin is money, and shitcoins are not.

The network effect, the Lindy effect, and the Schelling point. If you wanted to learn about these concepts, what is the first thing you would do? :P

How is this newsworthy and why is it on the front page of HN?

Fuck that. So many better things to do or think about on your time off. Read a good book. Climb a mountain. Hang out with friends/family. You know, live .

cough Bitcoin! cough

Another positive step in the demise of the traditional banking system.

Here you go. This chart breaks down the differences between Pyramid schemes, Ponzi schemes, and open public cryptocurrencies such as Bitcoin. By "open public" I mean that there is …

The second half is important too: that the expected profits are from the efforts of the promoter . In other words if a company is doing work of some kind, and they are selling a to…

Except it doesn't depend on any particular means of communication. You can print out Bitcoin on paper and physically trade it. You can embed it in an image and trade that. You can …

A lot of people on this thread are conflating Bitcoin and other cryptocurrencies for what the SEC is talking about in this statement: tokens that are acting as securities. They do …

I will trust my accountant; he is after all, on the hook for how it is reported. Thanks for posting the links! Taxtips.ca is not an official source, and note they use a ton of "may…

The USA is taxing every trade. In Canada (according to my accountant, at least), cryptocurrency gains are only taxable when "realized" by selling into fiat (capital gains), or spen…

Another new year, another market correction. https://twitter.com/cryptozerp/status/953324474077769728 Good time to go shopping!

Yes theres that, but BTC being overvalued doesn't explain the entire market dip that we are seeing now. However, it is consistent with Bitcoin's historical pattern: https://twitter…

The Lightning Network, coming soon to Bitcoin, will solve the performance & fee problems too. Stability will come with increased liquidity.

A confluence of factors: 1. China cracking down harder: https://www.nytimes.com/reuters/2018/01/16/business/16reuter... 2. South Korea cut off access to banks by cryptocurrency exc…

> but imagine I buy an apple from Whole Foods and pay with Bitcoin. Now I know what account they use An application like this would use a new address for every transaction, and nev…

> So, if it can’t be used as a currency to buy anything, and when you “invest” in it you’re not having any ownership in a company, what is it truly worth? What is a fake coin in yo…

The Civil project looks more feasible, as it actually pays investigative journalists for their work, while at the same time providing feedback/scoring for accuracy. https://joinciv…

This is silly: "Comparing Bitcoin’s energy consumption to other payment systems To put the energy consumed by the Bitcoin network into perspective we can compare it to another paym…

> PoS still doesn't exist in the real world, as far as I know. * BitShares and Steemit both use it, and I believe the forthcoming EOS network will as well. See https://bitshares.or…

- There are newer blockchain dApp platforms that are WAY faster than Ethereum (i.e. EOS, Quantum...) - Proof of Work isn't the only consensus algorithm, there are ones with lower c…

Note that the Chinese government also demanded DVDs of all transaction records at the exchanges. This means that the Chinese citizens who moved their Bitcoin off of the exchange wi…

Hate speech is a special category of speech, and is treated as such in the legal systems of many countries ( https://en.wikipedia.org/wiki/Hate_speech ). It has and does lead to vi…