91–100 of 883 posts
Dividends to HN users? Joking aside congrats! I'm planning on picking up a share or two as I did with Digital Ocean.
It will be interesting to see how Coinbase performs compared to a weighted average of the top 3 cryptos directly. Anyway, Coinbase is a good case study on how UX/UI makes all the difference. I'll definitely study them in the future.
A friend of mine knows several "movers and shakers" in the crypto space, and he says they're all going to invest heavily in COIN stock because they understand that everyone else views it as a proxy for crypto in general. edit: why the downvotes?
I'm horrendously worried about crypto gaining more marketshare as long as proof of work crypto remains mainstream. It has significantly worse externalities than just about any company I can think of (including defense contractors/vaping companies), and, if it grows larger before we have clean energy, then we virtually guarantee we won't be able to tackle global warming. We are going to bestow a world that will be sig…
I struggle to comprehend how an energy obliterating and (relatively speaking) primitive technology like Bitcoin is the top dog in this space. Sure, first mover advantage counts for something, but come on - how has superior tech not yet left it in the rearview.
In a space that moves at such rapid pace with heavy investment and buckets of innovation, at some point the crowd surely will migrate en masse to a PoS based blockchain like (most likely but won't be fully operational until ~2022) Eth2, or (less likely but still in with a shout) Algorand, Tezos, etc.
You would think they would raise for BTC/Cryptos instead of USD via IPO. Really says a lot of their faith in Crypto's future.
1: https://www.coinbase.com/listingday 2: https://www.youtube.com/watch?v=FuqkjklLSCY
I'm horrendously worried about crypto gaining more marketshare as long as proof of work crypto remains mainstream. It has significantly worse externalities than just about any company I can think of (including defense contractors/vaping companies), and, if it grows larger before we have clean energy, then we virtually guarantee we won't be able to tackle global warming. We are going to bestow a world that will be sig…
2 links: - In today’s news: https://www.zerohedge.com/crypto/critics-claim-bitcoin-threa... - From earlier: https://pomp.substack.com/p/bitcoin-mining-is-good-for-the-e...
The premise of the first article is that the carbon footprint of fiat currency needs to include the impact of an endless cycle of debt, inflation, recessions, and wars that fiat currency enables. Regardless of whether or not that cycle is true and driven by fiat currency is one thing... assuming that cycle would end if we could flip over to crypto is solidly ridiculous.
The second article talks about the fact that 75% of miners use renewable energy. Dig a level deeper into the source they cite and you see that it's 75% of miners who use renewable energy as a part of their "energy mix" (LOL) - and that it's more like 39% of the energy used in mining is renewable. They go on to talk about Great American Mining's efforts to mine using captured methane emissions from oil & gas production. It's an intriguing concept but it's literally in its infancy, and the source they are focused on looks like it accounts for less than 1/3 of methane emissions - https://www.epa.gov/ghgemissions/overview-greenhouse-gases#m...
The fact that the reasoning is so very thin in both of these examples tells me everything I need to know. People just want a headline to point to.
Earlier quoted context omitted.
Well, Binance is, somehow, dramatically more of a fly-by-night bucket shop intentionally looking the other way to people opening multiple accounts to avoid KYC -- and they won't event tell you in which country they're domiciled. They're one of Team Tether's top partners in crime. How on earth can you believe their volume numbers haha.
> How on earth can you believe their volume numbers haha. They might be inflating their numbers but they are definitively huge. Everyone I know who is involved in Crypto is using them.
I'm horrendously worried about crypto gaining more marketshare as long as proof of work crypto remains mainstream. It has significantly worse externalities than just about any company I can think of (including defense contractors/vaping companies), and, if it grows larger before we have clean energy, then we virtually guarantee we won't be able to tackle global warming. We are going to bestow a world that will be sig…
Couldn't agree more. I struggle to comprehend how an energy obliterating and (relatively speaking) primitive technology like Bitcoin is the top dog in this space. Sure, first mover advantage counts for something, but come on - how has superior tech not yet left it in the rearview. In a space that moves at such rapid pace with heavy investment and buckets of innovation, at some point the crowd surely will migrate en m…
When it comes to money and value, the utmost important thing is security, that's the tradeoff that Bitcoin makes and that's what people are buying into. Everything else is secondary.
Dividends to HN users? Joking aside congrats! I'm planning on picking up a share or two as I did with Digital Ocean.
They did give 0.1 btc in the early days. Which if you did hold into them would be roughly $6500 by today's rate (you'd also have BCH, BCHN, BSV and BTG).
I'm horrendously worried about crypto gaining more marketshare as long as proof of work crypto remains mainstream. It has significantly worse externalities than just about any company I can think of (including defense contractors/vaping companies), and, if it grows larger before we have clean energy, then we virtually guarantee we won't be able to tackle global warming. We are going to bestow a world that will be sig…
Proof of stake is here in Ethereum 2.0 and it works great. Invest in that because this is the last hurrah for Bitcoin. The next cycle will be the “Ethereum is the new better Bitcoin” cycle. I say that as someone with almost all my net worth in Bitcoin but it has miserable transaction speed and energy usage. History has shown us that not innovating has never worked out for any company I can think of.
Cardano is the top cryptocurrency currently on PoS, and while I agree that the next cycle will be the ETH cycle, I think the one after that could be the ADA cycle.