craigc

18 ms·

121.
by craigc 9y ago
Clearly my opinion is quite unpopular. I am fine with that. If you gave me $10,000 today and gave me the option to put that money anywhere: Stocks, Bonds, Savings, Gold, Silver, etc. I would choose Bitcoin 10 times out of 10. Yes, Bitcoin h
122.
by craigc 9y ago
I disagree with that. For people to be pushed into cryptocurrency, it has a lot more to do with debt and inflation and problems with fiat currencies. I didn’t mention that in my original post because I wanted to focus more on the technology
123.
by craigc 9y ago
> All of that applies to cash under your mattress If you wanted to pay someone in another country $1,000 would you trust sending that much money in the mail? > Blockchains don’t scale This is very shortsighted. I’m not talking about n
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by craigc 9y ago
Agreed. It’s a long game. The market cap of Bitcoin is still minuscule compared to other markets. If you look historically the volatility has decreased as the price has increased and I expect that will continue. I consider Bitcoin in a pric
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by craigc 9y ago
The irony of all these banks and governments banning crypto currency purchases is that all they are doing is strengthening the use case for crypto currencies to begin with. One of the most appealing things about crypto currencies (specifica
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by craigc 9y ago
It is really sad and disturbing to me how little coverage the CLOUD act has gotten. A law was passed quietly that was snuck into page 2,201 of an unrelated spending/budget bill just before Congress voted on it to allow warrantless surv
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by craigc 9y ago
If the current MacBook Pro is any indication, then I would be surprised if people are still buying Macs at all in 2020.
128.
by craigc 9y ago
You are right. I am not stating a fact. It is my opinion that this guy is being used as a sacrificial lamb because I have seen things like this happen time and time again. Also seems like a pretty big coincidence that the others sold off th
129.
by craigc 9y ago
It is good that someone is being charged, but it would be nice if it was someone more senior. They always make the little guy take the fall. Avoiding $117,000 losses on $1 million is nothing compared to what some people get away with. The C
130.
by craigc 9y ago
That’s a pretty interesting perspective. I have definitely been thinking for a while that they are trying to drive the general public out so that they can accumulate more for cheaper, but I never considered the idea that they want you to us
131.
by craigc 9y ago
I would take any article like this with a grain of salt. There is not a lot of useful or technical information here, and I believe it is more designed as click bait and FUD to create shock value and hurt the public sentiment about Blockchai
132.
SEC Halts Alleged Initial Coin Offering Scam AriseBank(sec.gov)
1 points by craigc 9y ago|0 comments
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by craigc 9y ago
So strange. I posted this exact site hours ago and now it is on the top of hacker news. Not sure how that happened since it is the same url. I guess the algorithm doesn’t like me. In any case, I have been a Mac user my entire life. I too ha
134.
MacBook Pro? No(shahidkamal.com)
6 points by craigc 9y ago|3 comments
135.
by craigc 9y ago
This article is probably true but this is just typical clickbait from CNBC. The author begins by saying > Admittedly I'm green with envy for failing to foresee the explosive rally in the price of bitcoin when it was first brought to
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by craigc 9y ago
The earliest reports I can find claiming that North Korea may have been involved were from the middle of May: https://www.theverge.com/2017/5/15/15643226/wannacry-ransomw... https://www.thegua
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by craigc 9y ago
> Stocks are a different story altogether. You are buying equity in a company that has value. The stock market might be under or overvalued at any given time, but it is still tied to the value of the companies. I would say stocks are val
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by craigc 9y ago
I read someone else who wrote about this before. One question I have is why you think that specifically about Bitcoin and not about other things like gold or stocks? People who purchase stocks early do so expecting the price to rise when mo
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by craigc 9y ago
I think dismissing Bitcoin and promoting blockchain technology kind of misses the point. Sure, a lot of companies will invest in blockchain tech and maybe roll out their own blockchains, but that doesn’t make a lot of sense to me. A blockch
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by craigc 9y ago
How would someone classify Bitcoin’s rise from $0.08 to $31 from 2010 to 2011 before dropping to $2 or its rise from around $100 to around $1200 and subsequent crash to around $200 from 2013 to 2015? I would say losing 85% to 95% of its val
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by craigc 9y ago
- Tulip mania was concentrated to specific parts of Europe vs. a global market. - Tulip bulbs are perishable items that you have to repurchase when they go bad so they cannot store value. - Tulip bulbs have an infinite supply since you can
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by craigc 9y ago
That assumes you have your coins on an exchange. If you have them in a wallet you would have to send them to the exchange before selling, and that process could take hours or days.
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by craigc 9y ago
I agree. As soon as anyone starts comparing crypto currencies and Bitcoin to tulips I tune out. It is a sign that they clearly do not understand what they are talking about.
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by craigc 9y ago
I meant that early bitcoin investors will invest in companies and put money into various organizations which will then be paid out to their employees. For existing companies, they would need to purchase, but if a significant portion of US d
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by craigc 9y ago
I am not sure that long term BTC will actually replace USD or another government backed currency. I think it would take a LOT for that to happen. If that does happen then that means the value of the USD and every other currency will decline
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Ajit Pai and the FCC want it to be legal for Comcast to block BitTorrent(theverge.com)
162 points by craigc 9y ago|46 comments
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by craigc 9y ago
I think people here need to lighten up. I know we are all programmers, and we are sometimes portrayed as snobby and entitled, but we don't have to live up to those stereotypes. I understand it's frustrating when a tool you use is
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American Express Is Getting into Blockchain-Based Payments with Ripple(fortune.com)
4 points by craigc 9y ago|0 comments
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by craigc 9y ago
Exactly. I meant Bitcoin or other crypto currency
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by craigc 9y ago
But if you spend all your money on goods and then you need something else in a week or two then what do you use to buy it? Sell/trade the goods you already purchased? I think it makes sense to hold on to some form of currency.

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