101–110 of 222 posts
I can't wait until large firms, or very rich people start throwing a lot of money at mining and start co-opting cryptocurrencies
You think they aren't? Mining is a multi billion dollar industry.
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Come for the lower expense ratios, stay for the focus on running low cost indexes mutual funds, as opposed to experimenting with cryptocurrencies.
Okay, but keep in mind Vanguard does offer and promote actively managed funds; whatever focus they have falls short of a tunnel. https://personal.vanguard.com/us/insights/article/active-fun...
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Not quite. The central ideas underpinning bitcoin are very old, tracing back to hashcash and bitgold. https://en.bitcoin.it/wiki/Hashcash#History It's not really an important distinction, but maybe someone will find the history interesting.
Lots of people try to take credit for the ideas in Bitcoin (especially Adam Back, who you linked to), but Satoshi was its clear inventor.
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(Satoshi is the inventor of bitcoin, in case you don't know)
Not quite. The central ideas underpinning bitcoin are very old, tracing back to hashcash and bitgold. https://en.bitcoin.it/wiki/Hashcash#History It's not really an important distinction, but maybe someone will find the history interesting.
> Johnson said that the company had made several venture investments in bitcoin-related businesses and that the company was looking at applications of blockchain technologies alongside several leading universities. Every crypto article makes the same vague claims about the potential of non-specific blockchain technology. I'm surprised there was no mention of replacing Visa in this one as well.
I got removed from a project because I was raining on everyone's blockchain fantasy. Later they begrudgingly admitted that blockchain wasn't going to solve the hard interoperability problem we were facing (bog standard need to pull & analyze data from multiple incompatible data stores held by multiple independent parties). I can forgive all the business guys for that thinking given articles like these, but the tech g…
Maersk is using it for something as boring as secure claims for containers to fight corruption in shipping.
In government we're looking into running things like the land ownership registry and other public records on the tech. Not because it's hip, but because it'll save employee resources when we have to perform less audits, and because it'll speed response times.
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What's wrong with experimenting with cryptocurrencies? It's not like they're taking away resources from their main business to blow on bitcoins. (Though Vanguard is probably still a better choice regardless.)
I want the CEO of my mutual fund company to be focused on how to index better, not on cryptocurrencies.
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It's the name of the creator of Bitcoin, https://en.wikipedia.org/wiki/Satoshi_Nakamoto . You can imagine them as little pennies with Satoshi's head imprinted on them, if you like. And it's not really a decimal; it's more properly "1 bitcoin" in the technical sense. 1BTC was later defined to be equal to 10^8 Satoshis because that seemed like a useful amount of money to track exchange rates for (though now it's about…
"Name" is maybe not quite right, "Satoshi Nakomoto" is the creator's pseudonym. The actual author of the bitcoin whitepaper is unknown and the subject of much speculation. I'm sure OP knows this, I'm just being pedantic.
I like that the post mentions she's mined 200,000 Satoshis. Is this some kind of Bitcoin Shibboleth? I had to google it. It's about $8.
the base unit a lot of trading is quoted in satoshis instead of "x thousandth fractions of a bitcoin"
That being said, I also had a great laugh reading the article when it came to "200,000 satoshis". Although I totally believe her - it's hard to earn significant amounts of BTC via mining today without investing huge amounts of money and dealing with constricted ASIC supplies, so you need to have time and cash to blow at it. But she shouldn't have mentioned that number in the context of "yeah, our mining ops suddenly started to generate huge returns".
> Johnson said that the company had made several venture investments in bitcoin-related businesses and that the company was looking at applications of blockchain technologies alongside several leading universities. Every crypto article makes the same vague claims about the potential of non-specific blockchain technology. I'm surprised there was no mention of replacing Visa in this one as well.
I got removed from a project because I was raining on everyone's blockchain fantasy. Later they begrudgingly admitted that blockchain wasn't going to solve the hard interoperability problem we were facing (bog standard need to pull & analyze data from multiple incompatible data stores held by multiple independent parties). I can forgive all the business guys for that thinking given articles like these, but the tech g…
They did it with 3D printing, they did it with VR, and now they're doing it with blockchain.
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If you're mining with gpus, it's likely still worth it. I have a 1060 and a 1070, and it's definitely profitable even after electricity.
Which coins though? Can't imagine bitcoin is still possible to mine with a two card setup
Shameless plug, if you want to mine on nicehash using Linux, you can try https://github.com/hossbeast/autominer