JonnyNova

9 ms·

31.
by JonnyNova 9y ago
Alan Watts has talked about something very similar with regard to what is intelligence and how exactly do we measure and define it. Here is a short (1m20s) youtube clip of it: https://www.youtube.com/watch?v=LgZ73Lc5VS8
32.
by JonnyNova 9y ago
Faith in cryptos in general is founded on BTC. Also, almost all alt-coins are priced in BTC.
33.
by JonnyNova 9y ago
You were smart and lucky to buy in early. Most people did not and are already wiped out.
34.
by JonnyNova 9y ago
For people that respond, could you also give reasons to why you miss the site?
35.
by JonnyNova 9y ago
The apples to oranges is in reference to comparing Bitcoin to the AI's as a whole. AI as a whole survived the winter but a random implementation from 1985 did not. My comment was comparing Bitcoin as an implementation of a cryptocurren
36.
by JonnyNova 9y ago
That wrongfully assumes the whoever is (if it is being) manipulating Bitcoin now will have an incentive to run another scheme again in the future.
37.
by JonnyNova 9y ago
Apples to oranges, Bitcoin isn't cryptos as a whole. Future cryptos will absolutely succeed Bitcoin.
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by JonnyNova 9y ago
People aren't assuming they are engaging in fraudulent behavior - there is evidence showing that they are. All they have to do to show they aren't is provide an audit.
39.
by JonnyNova 9y ago
It still needs to add up to the worth of the dollars they claim to have in circulation. One 100 trillion Zimbabwe note isn't going to cut it.
40.
by JonnyNova 9y ago
> No reason it cant go from $20000 to $5000 and recover. There are plenty of reasons why it could never recover. The previous cycles happened with a very different environment and context for bitcoin. This time Bitcoin has just hit mains
41.
by JonnyNova 9y ago
Very much this. Bitcoin is going to have problems scaling both on and off chain. Newer technology can re-examining of proven methodologies will probably yield a better way forward.
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by JonnyNova 9y ago
A return to the mean. The same will go for alt-coins since because faith in cryptos is founded on BTC and most alt-coins are priced in BTC.
43.
by JonnyNova 9y ago
Not necessarily. I don't believe Tether has the backing they claim. Given that though, the subpoena wasn't public yet and it is plausible clients may have been continuing to send Tether money during that time.
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by JonnyNova 9y ago
Why would they need to? They could just print more tether. Even easier money.
45.
by JonnyNova 9y ago
The US military is ass-backwards when it comes to dealing with technology. Want to transfer files between computers? Can't use a thumb drive! You need to burn a disk (for real).
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by JonnyNova 9y ago
Companies change as they get bigger because of increasing risk. The company has more value and making big gambles risky ventures with a large company starts to become irresponsible.
47.
by JonnyNova 9y ago
Title can be misleading. It is about Satoshi the quantity, not Satoshi the person.
48.
by JonnyNova 9y ago
A non-crypto solution wouldn't have to have all of these features. These are just some of the possible desirable ones.
49.
by JonnyNova 9y ago
Not necessarily. Lack of centralized trust is just one feature. They have other features like public (but anonymous) ledgers, irreversible transactions, smart contracts, the ability to hold them without a bank account. Features like those c
50.
by JonnyNova 9y ago
If you don't know who the bag holder is going to be, it is you!
51.
by JonnyNova 9y ago
Didn't mean to leave that out. Added it in
52.
by JonnyNova 9y ago
They were absolutely the main features of Bitcoin when it first came around.
53.
by JonnyNova 9y ago
Also, Bitcoin is 15x more expensive than gold to store securely: https://finance.yahoo.com/news/bitcoin-15-times-more-expensi... Edit: for large institutional investors in a trust fund
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by JonnyNova 9y ago
Like the BitConnect coin?
55.
by JonnyNova 9y ago
The people most afraid of this are the most in need of it. Always do what scares you the most.
56.
by JonnyNova 9y ago
Checkout the button at the bottom too. It uncensors the whole article.
57.
by JonnyNova 9y ago
I disagree on the bubble comment. Rightfully so only of the two camps will eventually be right as to the current potential state of bubble. Splitting the difference between the two opinions because the two sides felt strongly about it is th
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by JonnyNova 9y ago
Because of the falling price forced people out of the network and reduced both network congestion and transfer fee prices. Moon or payments? Pick one. https://bitinfocharts.com/comparison/bitcoin-transactionfees... ht
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by JonnyNova 9y ago
Many people have been calling this a bubble for a long time. Nobody cares while they think they are making money though.
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by JonnyNova 9y ago
Printed 7 months ago. Steam and Microsoft have stopped accepting bitcoins. I don't know offhand but suspect many of the other ones probably have as well.

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