91–100 of 162 posts
This is great news. I can't wait until people realize that Ethereum is a largely useless network and GPUs rain down like manna from the heavens.
its useful for conducting unregulated securities offerings and launching dapps. i just haven't found any useful dapps yet. dapps are mostly used when you need censorship resistant functionality.
Not for long. https://techcrunch.com/2017/07/25/sec-regulators-are-coming-...
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People who bought at the absolute peak of the last market, where it was for only an hour or so, are now up %2700 on that purchase in 4 years. You can hold and you can dollar cost average, and if you weren't buying with the intention of holding for 5 or more years you weren't really investing you were speculating and if you're speculating you should be hedged or have a strategy that can handle a dynamic market. I know…
And we're still waiting for tulip bulbs to return to their peak value. Just because it continued up before doesn't mean it will continue up in the future.
These headlines are annoying and what I consider to be "fake news". -- EG They are blowing up some factoid or partial fact to make a false impression. Here's the reality-- -- Ethereum is going to PoS soon. Even if it doesn't fully switchover it will decline in profitability for miners quite a bit. -- Ethereum is down %50 in the past couple weeks. The GPU boom is over (for now) and supply should be loosening. -- There…
The 747 is needed because it's filled fore-to-aft with cards? Or just because it sounds good in an article? A ticketed courier could deliver a large number of cards just as quick, if not quicker.
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Start a REIT that does cryptocurrency mining.
I'm curious why you used "REIT" and not some other investment instrument. Where does Real Estate factor into this?
a REIT is just a special case of an IT eg "tritax big box" vs a RIT Capital Partners or Wittan
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And we're still waiting for tulip bulbs to return to their peak value. Just because it continued up before doesn't mean it will continue up in the future.
The difference is that tulip bulbs were not a new technology with a compelling use case that keeps reaching wider and wider audiences.
It's a bit sad that cryptocurrencies tend to encourage concentration and centralisation. It's very hard for an individual to take part and earn if you "miss the time". And the negative side effects are large, like energy expense, or selling out of GPUs. I think this is a general shortcoming of proof-of-work. I wonder if this could be fixed with a different scheme, e.g. reputation-based, or proof-of-(something sociall…
You seem to assume that mining is the point of a cryptocurrency, and I don't think it is. Even Satoshi, when he was still around, predicted that mining would eventually be out of reach of the normal user. But you can still "take part" by using it for what it actually is - a currency.
I don't know anyone who would want to use BC for anything other than speculation. Speculation that undermines the stability of the currency, which isn't conducive to use as currency.
There are proper cryptocurrencies that don't require mining but they don't seem to get nearly as much attention.
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It's not just the electricity, it's major wear and tear on lots of hardware with no real purpose. This get's worse the more different currencies there are and the more people are farming them. While I like the basic idea behind Bitcoin, I really don't like this development of "Let's invent a couple of dozen more of those!". It also shows the ugly face of how what we as human societies actually value. While I haven't…
You say "no real purpose" but what you mean is "a purpose I don't value". That's fine, don't do it. The problem comes when you think that people doing things you don't like is somehow wrong. People have attempted to make scientific computing good for proof of work-- GRIDCoin is an example. But it doesn't work for actually securing the network, due to the nature of how blockchains work. You're free to work or mine or…
I should have clarified that more: As I said before I have no issue with the basic concept behind cryptocurrencies, Bitcoin is a great thing and will hopefully do even greater things in the future.
And of course, everybody is to free to do with their time and resources as they please, never suggested otherwise.
What I have an issue with is how new currencies seem to be popping up like mushrooms because they've become the current "thing" to do if you want to make a quick buck. From the outside, it just looks like a bunch of pump and dump schemes, with no purpose besides offering a couple of early adopters the chance to make temporary huge profits, comparable to a digital Wall Street.
Originally I imagined BC as the solution to all the exchange rate shenanigans and whatnot, have one global and digital currency for everybody. Instead, we are now forking currencies like software, I'm not sure I like the possible long-term ramifications of that. Do we really want a future with hundreds, if not thousands of different, and competing, cryptocurrencies? Is such a future even viable?
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What good are your altcoins when the developers/miners give up on the project? A bar of gold is always a bar of gold, no matter what the price of gold is.
A bar of gold is pretty useless though.