51–60 of 144 posts
Happy to answer any follow-up questions here
Thanks for this writeup! You've done a great job at organizing many of the points that were discussed in this Bitcoin thread[1] from last month. I'll be using this as a starting point for discussion with friends that are interested in cryptocurrency. [1] https://news.ycombinator.com/item?id=16158463
My guess is that we're having our geeky dreams without thinking what's the reality happening around us. It's very comfortable to be utopist when thinking of bitcoin, instead of seeing that it's still the same winner-takes-it-all scheme.
Source 5 is a broken link. It should be: https://www.barrons.com/articles/the-bitcoin-consensus-yes-i...
> When Satoshi Nakamoto released the Bitcoin Whitepaper he defined it as a peer to peer electronic cash system. How do we know Satoshi is a he ?
I’ve reacently read the Burnskie book about crypto assets in the hope that I might come away more enlightened about the market and how to assess it. The opposite was the case. After reading the book and looking into it more, it’s very hard to see these things as assets at the moment, or to see much utility in the technology. Don’t get me wrong, there certainly is some and it is certainly ‘cool’, but right now blockha…
The biggest problems with Bitcoin (specifically) are: 1) it is not necessarily a store of value and 2) it fluctuates too much.
If someone can solve these two problems then we will have an extremely powerful cryptocurrency.
Or it's like all the other services we have, it evolves from decentralized to centralized: email, search, forums,...The case could be made even for governments. The only limit was technical, now you can control the cabs in all the cities from one place. The future is definitely more and more centralized, just look at the money distribution. My guess is that we're having our geeky dreams without thinking what's the re…
People will ALWAYS put convenience first. Even those that say they won’t, it’s typically an isolated action (like, email is harder when not using google apps, but it’s worth not being spied on. Walk in their house, Echos and smart devices everywhere).
The hope for Blockchain is we can now, finally, begin building true decentralized things without sacrificing this innate human want for convenience. It’s technology advancing towards multiple mutual goals (a technical one and a human one).
The DJIA and Bitcoin charts seem well correlated, at least over the past month: DJIA: https://www.marketwatch.com/investing/index/djia Bitcoin:https://bitcoincharts.com/charts/bitstampUSD#rg30ztgCzm1g10z...
In my opinion people treat it as they would any speculative asset.
Or it's like all the other services we have, it evolves from decentralized to centralized: email, search, forums,...The case could be made even for governments. The only limit was technical, now you can control the cabs in all the cities from one place. The future is definitely more and more centralized, just look at the money distribution. My guess is that we're having our geeky dreams without thinking what's the re…
This is just an example of technical change aligning itself with real world human want. People will ALWAYS put convenience first. Even those that say they won’t, it’s typically an isolated action (like, email is harder when not using google apps, but it’s worth not being spied on. Walk in their house, Echos and smart devices everywhere). The hope for Blockchain is we can now, finally, begin building true decentralize…
Be prepared to rebel and re-re-decentralize in 20 years.
Earlier quoted context omitted.
Are ICOs illegal in the USA?
It is illegal to sell securities to non-accredited investors