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Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

bloomberg.com

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Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#411

Post by MadSudaca »

timq wrote: post #333
MadSudaca wrote: post #219

There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…

Let's give that a try, from what I understand, coins are generated once for all in the genesis account and then need to be sent to other accounts. Hence that's why you send free coins, right? xrb_1fu8fcm93ifjnugkkt1nckr43trq7urqt9uyu6xgsynjjfda9xbpoe4kn4t1

That's correct. They were generated from the genesis account and then distributed through a faucet that ran for a long time. I'm distributing because I wanted to show the top poster that there are cryptocurrencies that show a lot of promise in addressing the problems s/he mentioned. Also, I'm sending very small amounts of money ($USD 5 * 0.001), so it has no impact to me financially, my time is more valuable. However, I really like the technology and would like to see it progress (I'm a cryptocurrency enthusiast).

Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#412

Post by LV-426 »

mccoyspace wrote: post #304

When it comes to Bitcoin, I think of Linux as an analogy. When it first emerged, many people questioned it's basic premise: "why is there a new operating system? Everyone uses Windows, or Mac". People didn't know or understand the idea of open source: "Doesn't that just mean people will find bugs and ways to hack it?" "Without a company behind it, how do I know I can trust it in the long term?" At first it's usabilit…

> When it comes to Bitcoin, I think of Linux as an analogy.

I've read Bitcoin is like email, Bitcoin is like TCP/IP, Bitcoin is like the entire Internet. Now I've read Bitcoin is like Linux.

At one time few people had heard of (random thing from thin air) New Kids On The Block.

Some didn't understand the new fangled (boy band) concept, some thought existing bands/music were good enough, some thought they'll take over the world, and some just thought they could get rich off it all before it collapsed.

Bitcoin is something that happened to catch on (entirely, by design, due to profit motive), which is why it's superficially similar to other things that happened to catch on. (Even things that catch on because they're actually useful, and not just a potential route to get rich quick without any effort.)

Once upon a time Denmark, like Bitcoin, didn't exist.

Danes (like Bitcoiners) were a strange bunch, famed and feared for their involvement in crime to make money. Slowly their influence started to spread, however, despite - but in some ways because of - their criminal behaviour.

Many legends were created... Ragnar Lothbrok, Ivar the Boneless, Magical Tux and Free Ross.

Then along came Christianity[1] (Coinbase/Winklevii) which provided more legitimacy with other, less beardy, groups. The true believers didn't like this, of course, but most people recognised the social and economic benefits of selling out everything they were supposedly all about.

The similarities end there, sadly, because today Bitcoin consumes even more power than Denmark. A fact which is completely batshit insane, but since Bitcoin hype and hysteria is even more insane, and increasing with every $1000 price pump, nobody cares.

Serious question (which will go largely unanswered in favour of turning this text white) for people who seriously think Bitcoin ranks in importance/significance with email/Internet/Linux/Denmark:

Now in its tenth year[2], what has Bitcoin actually achieved, other than a sickening energy waste and crazy price fluctuations and speculation?

[1] Which is also Bitcoin: https://twitter.com/larslfe/status/909192006362005506

[2] See creation dates for bitcoin.com/net/org.

Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#413

Post by MadSudaca »

knlam wrote: post #335
MadSudaca wrote: post #219

There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…

How can I mine RaiBlocks? or can you give me more info about RaiBlocks (ie how it really different from Bitcoin). I interested in learning more. Also, here is my wallet xrb_1m7gibpefd8gkr18xdc4sxwebo68owt6qesncuxa68hachez8cu3fq7jhb3x

sent :)

https://raiblocks.net/block/index.php?h=806B96AD9057EC3A7525...

Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#414

Post by MadSudaca »

knlam wrote: post #335
MadSudaca wrote: post #219

There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…

How can I mine RaiBlocks? or can you give me more info about RaiBlocks (ie how it really different from Bitcoin). I interested in learning more. Also, here is my wallet xrb_1m7gibpefd8gkr18xdc4sxwebo68owt6qesncuxa68hachez8cu3fq7jhb3x

Raiblocks is a minerless currency. All coins that exist and will ever exist were created in what is called the "genesis account". These were later freely given via faucet for a period of time until the supply was exhausted. If you'd like to learn more I recommend going to the website: https://raiblocks.net/ and reading the whitepaper. Also checking out the founder's recent AMA at the subreddit could also provide a lot of valuable info!

Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#415

Post by MadSudaca »

mosaiclifestyle wrote: post #363
MadSudaca wrote: post #219

There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…

Interested in this, gonna take a deeper look Address: xrb_3e54ix1ehqzwgufh5daspyk7fcyui1izsbdnxqqsxw5nefjc6p1yzt1m641d

sent :)

https://raiblocks.net/block/index.php?h=DC5DAFDDDF7F27992FCD...

Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#416

Post by MadSudaca »

tinytim69 wrote: post #321
MadSudaca wrote: post #219

There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…

Interesting premise you put out. Are you in any way affiliated with the RaiBlocks concept? Would love to talk details xrb_1wjckswsmna1aa1a9wpknezs89hjtsqspow7br6u5p3r3yo7q4xm41do89jz

sent :)

https://raiblocks.net/block/index.php?h=9D679ED1277C5DD6B29E...

Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#417

Post by MadSudaca »

tinytim69 wrote: post #321
MadSudaca wrote: post #219

There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…

Interesting premise you put out. Are you in any way affiliated with the RaiBlocks concept? Would love to talk details xrb_1wjckswsmna1aa1a9wpknezs89hjtsqspow7br6u5p3r3yo7q4xm41do89jz

I'm not affiliated to the cryptocurrency, I hold a number of raiblocks which I bought some time ago. I really like the technology and am a cryptocurrency enthusiast, so I'm giving a little bit freely to let people see that there are interesting projects in the cryptosphere that show promise and that might be really revolutionary.

Anyway I know a thing or two about the technology, so if you have questions let me know and I'll do my best to answer or point you in the direction where I think you'll most likely find the answer :).

Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#418

Post by MadSudaca »

adamisom wrote: post #325
MadSudaca wrote: post #219

There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…

Wow dude I've been reading a lot of good things about Raiblocks lately. Thank you so much for any amount at all - xrb_3weozurdqazioyb1m9whby73ytp3xitowaqjaya8fjkefdqj9o4ikf575u51

sent :)

https://raiblocks.net/block/index.php?h=48A89FFF86154A0E4B7B...

Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#419

Post by MadSudaca »

drewmate wrote: post #347
MadSudaca wrote: post #219

There's a cryptocurrency called RaiBlocks that is working to be the best at transfer of value. The protocol uses new cryptocurrency concepts evolved over the years and I believe it can be quite revolutionary. In my opinion, bitcoin is one of the worst cryptocurrencies at the moment, and to be honest I hope to see it die soon. Create a wallet using this site https://raiwallet.com/ , paste your address here and I'll se…

Hey there. If you're still sending: xrb_1cgeqbusf6n7i9iji6objzrenqcstxjc1c9fke1w61tegih5ch9rr7giemdd

sent :)

https://raiblocks.net/block/index.php?h=98D8A6A0E5119E7A140B...

Re: Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk

#420

Post by camillomiller »

occamrazor wrote: post #384
camillomiller wrote: post #375

Earlier quoted context omitted.

Whatever happens, can we fucking stop to shorten them to crypto!? Crypto does not mean cryptocurrency, for God’s sake!!! https://www.schneier.com/blog/archives/2017/12/crypto_is_bei...

To be fair, crypto also doesn’t mean cryptography, but in programming circles they are often used as synonyms. Crypto just means hidden.

Of course, it's from Greek. I'm not saying it should be used to mean cryptography, nobody's claiming that. I'm just saying that throwing it around as a shortened version of cryptocurrency is the most ill-conceived usage you could possibly make of it. Both from an etymological and lexical standpoint.
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