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I do not own IOTA - thought about it some months back but decided against it because I don't fancy doing trades on or supporting Bitfinex. Another HN user sway

by q-base 9y ago

I do not own IOTA - thought about it some months back but decided against it because I don't fancy doing trades on or supporting Bitfinex. Another HN user swayed me away from Monero - which I owned a large part of as he told me about scaling issues. But my question is to your advice about: look to other experts. As someone coming outside the crypto-universe it is kind of hard to distill who the real experts are - so any advice on how to distill/find credible sources of information in this space?

p33p 9y ago
I'm also very interested in hearing the answer to this.
- chvid 9y ago
  Listen to the ones the market listens to. For crypto currencies is not necessarily people with deep technical insight nor is it established economists.
  - infinity0 9y ago
    > Listen to the ones the market listens to. This is exactly the sort of anti-advice that brings suckers into a pyramid scheme. > For crypto currencies is not necessarily people with deep technical insight nor is it established economists. Sure, stir up hatred and jealousy of "experts" and "the establishment" to bring in more suckers, right? GTFO shill.
- runeks 9y ago
  The only reason misinformation can thrive in the first place is because people choose to believe what other people say, rather than slowly, but steadily, acquiring the relevant knowledge, until they can judge by themselves. If people either a) didn’t show interest in something they don’t understand, or b) acquired the necessary level of knowledge to judge — by themselves — the validity of some concept, misinformation would be unable to survive.
ExactoKnight 9y ago
Monero's FUD was refuted. The privacy attack was patched and it's solid now.
- q-base 9y ago
  It was not to do with privacy, it is to do with scaling issues that may arise if it gains more traction and wide acceptance.
  - ExactoKnight 9y ago
    Do scaling issues really matter?! Bitcoin hasn't dealt with its scaling issues, and Monero is an extremely far way away from it in needing to deal with issues of scale. Many of Bitcoin's scaling innovations could be applied to Monero as well.
hndamien 9y ago
It helps if they control a private key to a wallet very early in the blockchain.
QML 9y ago
This is a weird rule of thumb but I don’t trust anyone or any team in the cryptocurrency space who doesn’t have a technical background from a top university. When the noise is high, I need a better signal.

by q-base 9y ago

p33p 9y ago

I'm also very interested in hearing the answer to this.

chvid 9y ago
Listen to the ones the market listens to. For crypto currencies is not necessarily people with deep technical insight nor is it established economists.
- infinity0 9y ago
  > Listen to the ones the market listens to. This is exactly the sort of anti-advice that brings suckers into a pyramid scheme. > For crypto currencies is not necessarily people with deep technical insight nor is it established economists. Sure, stir up hatred and jealousy of "experts" and "the establishment" to bring in more suckers, right? GTFO shill.
runeks 9y ago
The only reason misinformation can thrive in the first place is because people choose to believe what other people say, rather than slowly, but steadily, acquiring the relevant knowledge, until they can judge by themselves. If people either a) didn’t show interest in something they don’t understand, or b) acquired the necessary level of knowledge to judge — by themselves — the validity of some concept, misinformation would be unable to survive.

ExactoKnight 9y ago

Monero's FUD was refuted. The privacy attack was patched and it's solid now.

q-base 9y ago
It was not to do with privacy, it is to do with scaling issues that may arise if it gains more traction and wide acceptance.
- ExactoKnight 9y ago
  Do scaling issues really matter?! Bitcoin hasn't dealt with its scaling issues, and Monero is an extremely far way away from it in needing to deal with issues of scale. Many of Bitcoin's scaling innovations could be applied to Monero as well.

hndamien 9y ago

It helps if they control a private key to a wallet very early in the blockchain.

QML 9y ago

This is a weird rule of thumb but I don’t trust anyone or any team in the cryptocurrency space who doesn’t have a technical background from a top university. When the noise is high, I need a better signal.