Viewing profile — rudiger

The mining community cannot change how Bitcoin works. Even if 100% of miners were to change their validation logic to accept more than 21 million bitcoins, none of the nodes runnin…

The Black–Scholes equation is basically identical to the heat equation. Divide through by σ^2 and let n = σ^2 * (T - t) if you want to derive it.

Already been mathematically proven[1] that bitcoin will go to zero, so it's only a matter of when this happens. [1]: https://www.fooledbyrandomness.com/BTC-QF.pdf

The description of the 2016 DAO event isn't entirely accurate. Given the huge sums involved ($18 billion at current prices), hopefully the real story will be reported one day.

From the article: If Bitcoin's market capitalization were to match that of gold, it would be worth over $500,000 a coin. This is why some investors are so bullish on Bitcoin. Perha…

Bitcoin has seen a 300%+ rally in less than three months[1]. [1]: https://news.ycombinator.com/item?id=24849523

To answer your question: Yes. The volatility is a trader's dream. I've been holding a sizeable Bitcoin position[1] since 2011, but I'll acknowledge you can make a killing trading i…

Bitcoin breaking through $12,300 USD is an extremely bullish indicator: a perfect 61.8% Fibonacci retracement of the Dec 2017 all-time high.

As Warren Buffett wrote in his 1985 letter to the shareholders of Berkshire Hathaway: "What could be more advantageous in an intellectual contest—whether it be bridge, chess, or st…

As a cryptocurrency investor, I can confidently say it's hard not to generate a 10X return.

Yes, I'm aware that an article from January 2017 has data backing up an assertion about global Bitcoin trading volume from 2012 to 2017. What is your point?

At its core, the current cryptocurrency craze is simply an unprecedented wealth transfer to China from the rest of the world. Until the end of 2013, Bitcoin was predominantly trade…

People are "breeding" cryptokitties to profit from cats that "literally print money": https://mobile.twitter.com/tomkysar/status/93750568492860211...

> Right now about 15% of all Ethereum network traffic is dedicated to the game, making it the most popular smart contract on the network. If I still had ether, this would be a pret…

> There were no hardware wallets in the days of MtGox, which meant that it was extremely hard to secure Bitcoins. It was never difficult to hold bitcoins. All you had to do was sen…

Supply and demand. There is no limit on the supply of ETH, whereas there will only ever be 21 million bitcoins in existence. It doesn't make sense to speculate on the price of ETH,…

No idea. It's very difficult to time the market.

Yes. I'm lucky to have invested in June 2011, six years ago, when the price of bitcoin was around ten dollars[1]. I've never sold because I still believe in the long-term potential…