Turning Down a Blockchain Job Offer

Post by nrhk » Mon, Jan 22, 2018, 7:45 PM UTC

0wing wrote: post #165

staunch wrote: post #134

Earlier quoted context omitted.

If you want to spend your time on earth helping to destroy the lives of poor people, work at a bank like Bank of America or Wells Fargo. They've got evil corruption down to a science. > A 2014 CFPB study showed that about 8 percent of bank customers pay about 75 percent of all overdraft fees. And much of the time, the purchases that trigger overdraft fees are minor. The median debit card transaction that ends in an o…

Best estimates are that there are about one million holders of Bitcoin; 47 individuals hold about 30 percent, another 900 hold a further 20 percent, the next 10,000 about 25% and another million about 20%, with 5% being lost. So 1/10th of one percent represent about half the holdings of Bitcoin and 1 percent close to 80 percent (http://www.businessinsider.com/927-people-own-half- of-the-bitcoins-2013-12). The concent…

Post by fwdpropaganda » Mon, Jan 22, 2018, 7:48 PM UTC

alex_duf wrote: post #26

fwdpropaganda wrote: post #21

Earlier quoted context omitted.

I hear you, but I have to point out that ML at least have already shown that can solve problems that need to be solved which had no solution before.

So did the blockchain Edit: not trying to defend bitcoin here, just pointing that the blockchain brought a new solution to a trust issue

Post by nrhk » Mon, Jan 22, 2018, 7:51 PM UTC

tobltobs wrote: post #42

cocktailpeanuts wrote: post #29

While turning down the job is just fine, here's what happened instead: - Someone else with similar capabilities as OP's probably took the job. - This person will make significantly more money than what OP will be making (as OP points out) - This person will have learned way more about the implication of the technology, whether it actually is as bad as what mainstream media says or if those are all coming from ignoran…

Instead of ranting how stupid everybody else is you could give us unenlightened souls a hint how the proof of work problem could be solved without wasting lots of energy.

Post by 0wing » Mon, Jan 22, 2018, 7:57 PM UTC

nrhk wrote: post #181

0wing wrote: post #165

Earlier quoted context omitted.

Best estimates are that there are about one million holders of Bitcoin; 47 individuals hold about 30 percent, another 900 hold a further 20 percent, the next 10,000 about 25% and another million about 20%, with 5% being lost. So 1/10th of one percent represent about half the holdings of Bitcoin and 1 percent close to 80 percent (http://www.businessinsider.com/927-people-own-half- of-the-bitcoins-2013-12). The concent…

That's why I love Raiblocks, decentralized, distributed to third world countries initially, no marketing, feeless, fast. It most likely has the lowest gini coefficient of any coin in the top 100.

Post by fwdpropaganda » Mon, Jan 22, 2018, 8:04 PM UTC

chowells wrote: post #121

Sangermaine wrote: post #59

Earlier quoted context omitted.

No, it didn't. Blockchain technology is perhaps the biggest recent example of a solution in search of a problem. It's interesting but still not clear at all what it would be useful for over what already exists: >"Ten years in, nobody has come up with a use for blockchain" https://hackernoon.com/ten-years-in-nobody-has-come-up-with-...

Huh? It's a trustless timestamping service. That's a thing that some protocols benefit from. Digital notaries, for instance. That surely justifies a valuation around a few cents per bitcoin.