craigc

12 ms·

91.
by craigc 8y ago
I hope you do realize that the idea that the two large numbers were randomly chosen to represent funds in a bank account that doesn’t exist, and a law firm founded by three formal federal judges (one who was a former FBI director) reported
92.
by craigc 8y ago
I see (sorry I skimmed it before). From the looks of it it seems she got a lot of support though because of that. It’s a little different too since she was actually selling products with her logo on them vs. developing free software, but go
93.
by craigc 8y ago
No. That’s the opposite. That’s a small company taking on a big one and winning. The OP that I was replying to was talking about big companies going after minnows.
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by craigc 8y ago
Is that true for open source software that is not making any money? I would be very surprised if a big company went after someone maintaining an open source project. That would be some pretty terrible PR: “Billion dollar company X sues open
95.
by craigc 8y ago
Mmm. I am not sure if Square actually lets you transact using Bitcoin or if this is just about purchasing and selling it to hold it as an investment. I haven’t actually tested it out.
96.
by craigc 8y ago
It is actually a feature. From the original Bitcoin whitepaper: > Transactions that are computationally impractical to reverse would protect sellers from fraud. https://bitcoin.org/bitcoin.pdf
97.
by craigc 8y ago
Your comment implies that the peak will never be surpassed. It is certainly possible you are right, but remember a lot of internet companies declined a lot after the dot com bubble burst, and a few rose from the ashes. It would be silly to
98.
by craigc 8y ago
Well can we at least agree that no one knows with absolute certainty what will happen to Bitcoin and other crypto currencies during the next recession? The reason I believe it will be inversely related is because it is still a relatively ne
99.
by craigc 8y ago
Oh I am well aware of the difference. I meant what I said though. During a bull market it is smart to buy up the dips. During a bear market it is smart to sell the rallies. For example last year there was a point during the bull market when
100.
by craigc 8y ago
I wrote a bit about my opinion in a reddit thread a while back. It is here if you are interested, but a fair warning it will probably be quite an unpopular opinion with the hacker news crowd: https://www.reddit.com/r/Bi
101.
by craigc 8y ago
All valid points. I personally am very eager to see what happens to Bitcoin and crypto currencies during the next recession.
102.
by craigc 8y ago
Valid point, but there are also billions of dollars created out of thin air by the Federal Reserve to pump up the stock market, and perhaps that deserves some media attention as well. https://suremoneyinvestor.com/2017/
103.
by craigc 8y ago
I agree that there are dubious actions surrounding Tether, but I still want to see proof. I think the bank argument is a little weak since banks are the exact group that crypto currencies are disrupting and stand to lose the most if crypto
104.
by craigc 8y ago
Wrong. They were fired after their audit in September 2017 which is available here: https://tether.to/wp-content/uploads/2017/09/Final-Tether-Co...
105.
by craigc 8y ago
> So, you're living in denial then? No, I believe that Bitcoin is going through a more general adoption wave. So yes, it was in a bubble last year, but it is all part of a larger adoption pattern. It is the same way Amazon stock was
106.
by craigc 8y ago
Ahhhh. Okay that makes more sense. Although at the time they did have accounting and audits. The last audit was September 2017, I believe.
107.
by craigc 8y ago
What makes the claim extraordinary? If I wanted to make an easily tradable form of USD on the blockchain, I would take a similar approach. Take deposits in US Dollars and issue an equal number of “dollar backed coins” on the blockchain that
108.
by craigc 8y ago
Clearly we do not agree so it is not worth continuing to argue. Honestly, I just want this whole thing resolved one way or the other. I have no personal ties to Tether, and do not care if they are backed 1:1 with USD. I agree with you they
109.
by craigc 8y ago
> I am sure many said something similar about housing prices in 2005. The difference is that the housing prices were clearly in a bubble and banks were intentionally packaging subprime mortgages that they knew were bad and selling them a
110.
by craigc 8y ago
That is not strong evidence that they are not backed by USD. That is strong suspicion. > Lack of transparency does not necessarily indicate fraud https://blog.bitmex.com/tether/
111.
by craigc 8y ago
But the article and report do not prove that Tethers are not backed by USD. In fact, it constantly says, “If Tether is not fully-backed by dollars”. All it definitively claims is that Tethers were used to buy Bitcoin when the Bitcoin price
112.
by craigc 8y ago
I am fully prepared to receive negative points for this comment, but I do not believe there is anything new here. This narrative has been pushed by the media for almost a year now. The article even claims: > This method is not conclusive
113.
Introducing Luna – JavaScript Testing Done Right(medium.com)
2 points by craigc 8y ago|0 comments
114.
by craigc 8y ago
They are right that Bitcoin has caused death in a direct way, and it is like trading harvested baby brains? No, I have not. Perhaps you would like to read my reddit reply to Bill Gates from when he first made that comment: https:/&#x2
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by craigc 8y ago
I appreciate the level-headed rebuttal. Usually people get very angry and throw reason away in online forums. I am not claiming with certainty that this stuff is true, but as someone who has been following crypto markets pretty closely for
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by craigc 8y ago
> It can be double-spent Well aware of this fact, but it has never happened partially because Bitcoin is the largest and most secure blockchain. Regular currencies can be double spent too, but rely on trusted intermediaries to step in an
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by craigc 8y ago
Read this for a good primer https://medium.com/@super.crypto1/4th-dimension-bitcoin-mani... There are also documented case studies of banks paying to fund studies designed to harm crypto currencies or produce content.
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by craigc 8y ago
True. I’m aware it goes both ways. So the reality is probably somewhere in the middle. How do you define “a lot more than it really should”? I am aware there are a lot of Bitcoin haters here, but i believe it is the purest form of sound mon
119.
by craigc 8y ago
I don’t know why people are still surprised by this. There are a lot of people in powerful places that want Bitcoin to fail and die. Futures markets introduced a regulated way for them to make that happen. Buy up a ton of Bitcoin during t
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Apple faces class action lawsuit over failing MacBook butterfly keyboards(9to5mac.com)
322 points by craigc 8y ago|268 comments

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