151–160 of 177 posts
I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
When I first heard the term Initial Coin Offering last year, I laughed and thought "who would be so gullible as to just give someone their money?". Well...
If I would join an ICO I would probably not spend more than a few hundreds of dollars on it. Something I wouldn't worry about losing.
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Ohh thanks I should look into that. Aren’t the transaction fees huge though?
I think they are a bit over 1% right now. Not the cheapest way to get bitcoin, but not horrible.
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I think they are a bit over 1% right now. Not the cheapest way to get bitcoin, but not horrible.
If you use GDAX (the underlying exchange technology behind Coinbase and also owned by Coinbase) as a maker (meaning you use a limit order), you pay 0% fees. If you use GDAX as a taker (market order), you pay 0.25% fees.
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Yes. This is also why Market Cap is a problematic metric in the cryptocurrency space.
What's wrong with it? Seems like a perfectly normal metric for coins just like for stocks and bonds.
The valuation of a company is determined based on its financial performance and, ultimately, by its ability to generate cash for shareholders. (Keep in mind that, unlike cryptocurrencies, companies generate profit for their owners just from their daily operations).
That overall valuation drives share price. Equity investors consider how valuable they think a company will be in the future and back into a price they're willing to pay per share from there.
Market cap is a meaningless metric for crypto since nobody would ever want to buy all the Bitcoin in the world and hold it for ten years. What would be the point? It won't generate cash flow during those ten years, and it almost certainly won't be worth more in ten years - with one person hoarding all the Bitcoin in the world nobody could use it for any transactions and people would lose interest.
Case in point, nobody talks about the market cap for USD or other currencies. It just doesn't make sense for assets that are only valuable as a medium of exchange.
I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
I'm beginning to see how delusional it is to think you can make money by producing something useful or of value in people's lives. That's for lusers. Instead mess with the neural pathways of a large population such that they just give you their money.
I don't get it, either, especially with the Kodak news today. Like, someone please explain if I'm misunderstanding, but can't pretty much anyone create a cryptocurrency? Do I instantly become valuable if I create one tonight?
Cryptotokens work particularly well because of pseudonymity, a very receptive audience and exchanges that will happily provide a stage for just about anything as long as they get a little cut.
Competition between similarly inflated tokens make success and failure a matter of storytelling quality. The legend doesn't even have to personally convince anybody, but it should lend the sock puppet buys some plausibility.
Market cap isn't as interesting as people think: https://blog.sia.tech/want-to-deflate-the-token-bubble-fix-t...
I am deeply surprised by how few people are mentioning bots. This is no doubt directly related to trading bots that are polling coinmarketcap and then buying/selling through some API like the one bittrex offers. The number of bots that are actively trading is unknown, but if you do some digging the amount of resources and interest there is around trading bots leads me to believe that the pool of bots must be massive.…
Compare the orderbooks of exchanges which have no fees for maker orders (like gdax, bitfinex) and are preferred by bots to those exchanges who do ask for a fee.