please, can you post something that we don't have to pay in order to read? thanks
Don't know why you are downvoted. I think it's super annoying...
Coinbase mafia shows how tight a circle holds sway over Bitcoin
61–70 of 278 posts
Re: Coinbase mafia shows how tight a circle holds sway over Bitcoin
#62Earlier quoted context omitted.
You are repeating my point.. My point was, why do you want to attribute gender to things where it isn't directly relevant.. How does the author know the gender breakdown of a currency where we can't even figure out who the person behind the bitcoin address is...
> How does the author know the gender breakdown of a currency where we can't even figure out who the person behind the bitcoin address is... A large number of whales holding BTC is known / very public and vocal - as the article itself discusses. You can also do a survey of Bitcoin related conferences. You can look at large datasets like the public list of MtGox debts. At this point you'd need some good supporting dat…
If there is a claim that an anonymous currency is owned in major part by a certain gender the burden of proof lies on the people making a claim..
I don't think anyone can actually prove these numbers..
If I say 70% of cash is held by group 'x'. prove me wrong, you can't. No one is going to be able to do that.
Let me know if you have a link to MtGox sharing gender breakdown of their owners..
Re: Coinbase mafia shows how tight a circle holds sway over Bitcoin
#63Earlier quoted context omitted.
> How does the author know the gender breakdown of a currency where we can't even figure out who the person behind the bitcoin address is... A large number of whales holding BTC is known / very public and vocal - as the article itself discusses. You can also do a survey of Bitcoin related conferences. You can look at large datasets like the public list of MtGox debts. At this point you'd need some good supporting dat…
If there is a claim that an anonymous currency is owned in major part by a certain gender the burden of proof lies on the people making a claim.. I don't think anyone can actually prove these numbers.. If I say 70% of cash is held by group 'x'. prove me wrong, you can't. No one is going to be able to do that. Let me know if you have a link to MtGox sharing gender breakdown of their owners..
> I don't think anyone can actually prove these numbers..
Nobody is making a court case out of it, except for you.
Everybody else is just using their common perception, that it is indeed mostly men holding bitcoins because it’s mostly men talking about it and it’s commonly known that mostly men are into computer technology.
Let me know if you can’t justify a correlation between those things and I’ll help you “read the room” better.
Anyway, the article says that “Coinbase Global Inc.” is mostly men, not holders of Bitcoin. Without even looking I can tell you that’s most likely 100% accurate.
Re: Coinbase mafia shows how tight a circle holds sway over Bitcoin
#64Earlier quoted context omitted.
> They’re centralised, regulated and transactions don’t even go on the blockchain. Of course. All of that is kind of unavoidable if you want to interface with fiat.
Not really. I can buy bitcoins on localbitcoins and it's pretty decentralized.
Under US law it is illegal to use localbitcoins. It’s a violation of money transmitter laws.
https://kelman.law/blog/money-transmitter-licensing-for-u-s-...
Re: Coinbase mafia shows how tight a circle holds sway over Bitcoin
#65unrelated comment: it's crazy how anti crypto and anti blockchain HN is for being a tech community
Re: Coinbase mafia shows how tight a circle holds sway over Bitcoin
#66Earlier quoted context omitted.
What is the fixation on “genitals” here? This comes up surprisingly often in this type of conversation. “Hey guys, anyone want to get coffee?” “Sure” Random SJW: “why are you focused on genitals? What a weird perversion” Everyone else: “Huh?” Is this a projection thing? Half the time the lazy pronoun use appears to be the exact opposite of this claim - the writer hasn’t stopped to think and classify readers by their…
You are repeating my point.. My point was, why do you want to attribute gender to things where it isn't directly relevant.. How does the author know the gender breakdown of a currency where we can't even figure out who the person behind the bitcoin address is...
"Hey guys, want to get coffee" - is a historically common (and yes, now bad way) of asking if a group of folks, of any gender, want to get coffee.
The insistence that someone is focusing on genital's and have a pervasion when asking this really does seem like a projection on the part of the folks making that claim, and I have noticed the genitals things come up over and over now in this context - it seriously is WEIRD! Please read up on projection.
Many of us are married, with kids, and focusing on the genitals of work colleagues is the LAST thing on our minds.
I've broadened it in the past, hey guys and girls or hey guys and women - all less than ideal in my view, girls doesn't have same connotations as guys, and women or ladies feels awkward. Hey people works well in my view. But when a women says to me, hey guys, want to get coffee - I don't freak out on them with this type of focus on genitals / perversion language. I just say, sounds great - 5 minutes? And away we go very happily to chat about whatever issue has come up.
Re: Coinbase mafia shows how tight a circle holds sway over Bitcoin
#67Earlier quoted context omitted.
Not really. I can buy bitcoins on localbitcoins and it's pretty decentralized.
Under US law it is illegal to use localbitcoins. It’s a violation of money transmitter laws. https://kelman.law/blog/money-transmitter-licensing-for-u-s-...
Only if you're a business, right? Does offering to buy 500 euros off your friend because he have some left over from his european vacation make you a MSB?
Re: Coinbase mafia shows how tight a circle holds sway over Bitcoin
#68So will there be an investigation by the SEC for price manipulation relating to how inconveniently Coinbase was unaccessible multiple times for fairly long periods at different times the price of Bitcoin started to skyrocket?
robinhood (among other brokers) goes down all the time during periods of high trading activity. That doesn't mean there's anything malicious going on.
Re: Coinbase mafia shows how tight a circle holds sway over Bitcoin
#69Remember when BTC used to be fun and exciting? Stupid projects being created, tipping widespread all over the internet. It was created to be a "peer-to-peer electronic cash system" (quoting from the whitepaper title)... oh how far it has strayed.
>Remember when BTC used to be fun and exciting? Stupid projects being created, tipping widespread all over the internet.
All of this moved over to Ethereum long ago but those outside of the crypto space might not know that. Thousands of hackers have created little neat experiments and projects for others to use and build on and more are released everyday.
Some of my favorites are https://dontbuymeme.com/, https://aavegotchi.com/, and https://quadraticvote.co/. There's too many to list (like the internet itself) but a lot of communities for specialized topics have formed such as art people flocking to NFTs, meme lovers creating self funding and self organized communities, and lots of cool governance tools for voting and organizations like https://daohaus.club/, https://colony.io/, and https://aragon.org/.
It really does feel like the early internet and I can barely keep up with all of the cool stuff being shipped.
Re: Coinbase mafia shows how tight a circle holds sway over Bitcoin
#70Earlier quoted context omitted.
This gets back to the "gambling vs investing" debate we had on the front page yesterday. What is the fair value of bitcoin? It will never provide dividends or other types of future cashflows, so that aspect of its fair value is zero. The remaining part is purely speculative in that it is based on what other people will pay for it. It is not at all clear to me that having more (relatively uninformed) speculators will…
Bitcoin isn't a stock. Most kinds of assets don't provide dividends or other cashflows -- that is certainly not the only determiner of the value of an asset. It would indeed be a bad idea to construct an investment portfolio out of only Bitcoins and no stocks, but that doesn't mean it is without value (for example, as a monetary technology or an inflation hedge) > It is not at all clear to me that having more (relati…
Garbage in garbage out applies to markets too.