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Ask HN: A good primer on cryptocurrencies?

news.ycombinator.com

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Re: Ask HN: A good primer on cryptocurrencies?

#56

Post by jmeyers44 »

Nader Theory has a post "The Ultimate Layman's Guide to Bitcoin" that is great: http://www.nadertheory.com/#!/main/articles/post-08-the-ulti...

Since you will no longer be a layman, you can then follow that up with his post "The Intelligent Cryptocurrency Investor" : http://www.nadertheory.com/#!/main/articles/post-09-the-inte...

Edit: include article titles

Re: Ask HN: A good primer on cryptocurrencies?

#59

Post by haburka »

fzaninotto wrote: post #36

I wrote a three-part study on the Blockchain phenomenon a year ago, based on real experience with Ethereum. It's intended for web developers. It ends with an unusual conclusion. - https://marmelab.com/blog/2016/04/28/blockchain-for-web-deve... - https://marmelab.com/blog/2016/05/20/blockchain-for-web-deve... - https://marmelab.com/blog/2016/06/14/blockchain-for-web-deve...

Just read that whole series. I appreciate the time and effort you into writing that up. I feel like most of your complaints were valid and boiled down to, "Etherium is too new" and "as a honest person, I get no benefit to using it".

Block chain is set up to be no trust so unless you're working with people who you can't trust, you shouldn't use it. The other main reason is that you want to avoid banks and government, which is certainly a smell that you may be a criminal. These benefits aren't for people who are honest.

Re: Ask HN: A good primer on cryptocurrencies?

#60

Post by thedarkproject »

haburka wrote: post #59
fzaninotto wrote: post #36

I wrote a three-part study on the Blockchain phenomenon a year ago, based on real experience with Ethereum. It's intended for web developers. It ends with an unusual conclusion. - https://marmelab.com/blog/2016/04/28/blockchain-for-web-deve... - https://marmelab.com/blog/2016/05/20/blockchain-for-web-deve... - https://marmelab.com/blog/2016/06/14/blockchain-for-web-deve...

Just read that whole series. I appreciate the time and effort you into writing that up. I feel like most of your complaints were valid and boiled down to, "Etherium is too new" and "as a honest person, I get no benefit to using it". Block chain is set up to be no trust so unless you're working with people who you can't trust, you shouldn't use it. The other main reason is that you want to avoid banks and government,…

> The other main reason is that you want to avoid banks and government, which is certainly a smell that you may be a criminal. These benefits aren't for people who are honest.

It is saddening that this argument is used even on HN. That's equivalent to the old "You don't need privacy if you got nothing to hide". Examples as in Cyprus [1] prove that you should always be careful when trusting banks or any centralized system. Your line of argument is very common among representatives of banks, governments or people who are simply uneducated on the subject. Or a combination thereof.

http://www.businessinsider.com/r-amid-fears-of-greek-control...

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