71–80 of 449 posts
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what kind of purpose
A kind of number go up
and miners running on stolen or handshake-subsidized power don't need to sell their coins to come out even, never have.
the secret ingredient isnt math, it's corruption.
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If you want something inflationary, why not a basket of currencies via the traditional finance system? One reason I like Bitcoin is because it's a deflationary asset which makes it unique among most other assets. This site is overwhelmingly negative towards Bitcoin, but I feel like the negativity would only make sense if you had to make a binary decision to put most of your wealth in Bitcoin or none of it. Having jus…
IMO what’s neat about cryptocurrencies is that they are programmable money. This means you could build inflationary cash which inflates at a fixed, fair rate, in an open and transparent manner (Dogecoin did this, for example). Bitcoin has obviously failed at being what the whitepaper said it would be: “A Peer-to-Peer Electronic Cash System.” A fair and open inflationary currency might stand a better chance.
Earlier quoted context omitted.
A kind of number go up
must be nice to play liquidity etch a sketch with the tape for those Bitcoin 1% that have held back piles of coins acquired for fractions of a cent. real small world in that "decentralized" inner circle; has been for at least 10 years. and miners running on stolen or handshake-subsidized power don't need to sell their coins to come out even, never have. the secret ingredient isnt math, it's corruption.
I know it's a losing battle, but I can't help but tilt at this particular pedantic windmill. Not all financial scams are Ponzi schemes. Most are not. Ponzi schemes involve shady bookkeeping by the operator that conceals the source of fake profits. If Bitcoin were an actual scam (and I don't think it is) it would be a pump-and-dump. Most ICOs were clearly pump-and-dumps. There is a huge variety of financial scams, and…
https://openknowledge.worldbank.org/bitstream/handle/10986/1...
Wait, isn't this the guy with the whole shpeel about having skin in the game? And, didn't he also sell most of his BTC in February? If so, then I guess he would want us to just ignore him.
Don’t give me investment advice, show me your portfolio.
> Nassim Taleb called him an “imbecile”. This is why I disgust this Taleb guy: he usually has good insights but defends them with the worst arguments. Or no arguments at all. I felt his "Black Swan" book is a very good idea stretched into hundreds of pages of arrogance and condescendence.
It’s intentional: https://mobile.twitter.com/nntaleb/status/129716309534169907...
What's more concerning to me is the cryptocurrency market as a whole. Perhaps there is an argument to Bitcoin being a kind of "digital gold" even if it is all but useless as a currency. But events like Dogecoin hitting a $50B market cap are very unsettling to me. I used to take part in "Dogecoin Socks for the Homeless" events. It was wonderful, everyone was trying to make something good out of what we all knew to be…
> Perhaps there is an argument to Bitcoin being a kind of "digital gold" even if it is all but useless as a currency. Gold is less useful than most people think: > In a 2012 paper entitled "The Golden Dilemma",[1] Claude Erb and Campbell Harvey examined some common assumptions about gold. First they looked at gold as an inflation hedge, analyzing gold returns from 1975 (the year the U.S. came off of the gold standard…
It doesn't matter whether gold is used as a currency or not.
The more you try to malign a rare element (a tangible item) the sillier you look as a bitcoin fanboi.
What's more concerning to me is the cryptocurrency market as a whole. Perhaps there is an argument to Bitcoin being a kind of "digital gold" even if it is all but useless as a currency. But events like Dogecoin hitting a $50B market cap are very unsettling to me. I used to take part in "Dogecoin Socks for the Homeless" events. It was wonderful, everyone was trying to make something good out of what we all knew to be…
Money only works because we all agree to believe in it. The book Money by Jacob Goldstein is the best thing I have read on this. It covers the useful fiction that is money and how it has has shaped societies. From the inception of coins in ancient Greece, the first stock market to current day cryptocurrencies. When people first came up with coins and paper money, don't you think people questioned their value? "At the…
Thank you! This is the book I've been looking for. I've recently read about adjacent subjects like value and finance, but this is the thing that links those things together that I've wanted to read.
It goes straight to the top of my reading queue.
An honest question, understanding crypto and its true viability as a non-fiat currency or an anti-inflationary digital gold is simply above my pay-grade. I'm wondering if there are any smart plays out there to take advantage of the volatility and/or the inefficiencies in the blockchain that has zero directional delta exposure to the underlying crypto-market. I'm talking about the exploiting the inefficiency of some c…