171–180 of 222 posts
ROI of creating an investment portfolio 1 year ago, and selling today: - All Bitcoin: ~500% - Mix of top market: ~2800% - All Strat: ~13500% Meanwhile, stock investors call 12% a good year.
What about the Sharpe ratio? Divide the return by the (daily?) standard deviation of returns.
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« I doubt you could liquidate millions of dollars of bitcoin in a day and not make the market plummet. » Wrong. 1.5+ BILLION dollars' worth of bitcoins are sold and bought in aggregate daily on 100+ exchanges: https://coinmarketcap.com/currencies/bitcoin/#markets
That's a very very small amount, real currency markets do trillions a day, bitcoin is the size of a large company. He's totally right, that's a small liquid market when compared to the real markets. If you tried to dump 10 million in bitcoin all at once, there's a good chance you're going to crash the market; 10 million wouldn't even move the price in the EURUSD.
It is. But that's not what partiallypro and I were discussing. We argued about whether selling "millions" would crash BTC or not.
«He's totally right»
Did you even read the link I posted? Even if you look at only the BTC/USD pair, $10M represents merely ~1% of the volume sold DAILY on the top 6 exchanges (~$800M). You would probably need to sell an order of magnitude more, so $100M, in a single day, to start affecting the markets significantly.
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The tech isn't going to die, it's just not going to change the world in any sexy way. 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 be…
Property title, availability of airspace, really any complex system that requires mutual cooperation (or at least awareness) could benefit from uniform distributed ledger technology.
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According to Gartner, blockchain has just passed the "Peak of Inflated Expectations". Next phase is "Trough of Disillusionnment". http://www.gartner.com/smarterwithgartner/top-trends-in-the-...
This one is funny. While cryptocurrency gets most of the brickbats around here on HN, I think Deep Learning is also in the same boat. Executives want to apply Deep Learning to everything and anything they can get their hands on. The results most of the time are underwhelming and could be had with a much simpler set of tools. Just wondering how long before Deep Learning goes into trough of disillusionment.
Got a simple, defined flow that could just be a decision tree? Nope, we need natural language processing in a chatbot, we can't possibly present a menu.
I feel like I'm fighting the Infocom parser again.
> 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.
Blockchains are the future, aka merkel trees are the future, aka git is the future. Put the world in source control. Distributed, trustless, decentralised source control.
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Yup. Few people realize Bitcoin has been literally the best performing investment in human history. One dollar invested in March 2010 is worth $1+ million today. 1,000,000× returns. But the downside of performing so well is that it is too easy to get distracted by the price and disregard the radical improvements that Bitcoin brings over legacy financial systems...
What? Practically every day, someone wins $millions from a $1 lottery ticket somewhere in the world. That's the same or better returns...
Besides, almost no one who buys a lottery ticket ends up winning millions, but everyone who bought and held bitcoins since 2010 is a winner.
> 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.
Facilitating inter-bank transfers is one promising application that's already operational: https://ripple.com/
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Are there any actual benefits to this over current methods of interbank transfers?
Have you ever submitted a payment or received a payment and seen it marked as "pending". That's likely the result of a delay due to interbank transfers. Real time settlement is something theoretically possible with central banking using something like Fedwire, but in practice most banks use a third party clearinghouse like CHIPS. Additionally, if you have funds in USD and you need to make a payment in EUR, you'll pro…
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If low cost index funds are unprofitable then please explain how BlackRock is making so much money off of them? https://www.forbes.com/sites/greatspeculations/2015/01/13/re...
They're not unprofitable in general. They are for Fidelity, which is using it as a loss leader to keep their customer base from fleeing (Fidelity has a lot of overhead as a financial services firm).
[1] https://www.bloomberg.com/news/articles/2016-12-02/fidelity-...
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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.
See also this 1996 NSA paper "How to Make a Mint: The Cryptography of Anonymous Electronic Cash", predating both Hashcash and Bit gold. http://groups.csail.mit.edu/mac/classes/6.805/articles/money... (and OP seems factually correct: Satoshi was the inventor of Bitcoin).
Proof-of-work schemes like hashcash and bitgold are much closer to hitting on the central ideas that led to Bitcoin. It's like crediting Democritus with atomic theory -- yes, he's talking about the same thing, but in such a way that the final realization is so different as to be unrecognizable.