dreit1

11 ms·

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by dreit1 9y ago
As someone who deeply believes in the ICO model, recent developments make me sad. In my view the ICO was a step towards solving wealth inequality. Average joes could take on risk via investing in small projects. They would have liquidity so
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by dreit1 9y ago
Meh. Appsee lets you record user screens without any sort of backdoor.
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by dreit1 9y ago
How does Colony differentiate itself from Aragon?
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by dreit1 9y ago
Although not a real hedge fund polychain flipped numeraire like nobody's business. (Check out the charts on that one)
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by dreit1 9y ago
People that speak gloom and doom don't realize how many cryptocurrencies have already crashed and burned (from an investment standpoint). This market is absolutely ruthless, and any investor doubt is quickly seen in the market. Example
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by dreit1 9y ago
Sans ethereum what do you think the market cap of all ico’d tokens is? It’s absolutely tiny. Maybe 5-10 billion? This bubble is overstated to extremes imo
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by dreit1 9y ago
What do you mine?
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by dreit1 9y ago
Plus if you find consensus bugs you can usually make a killer bounty with any cryptocurrency project
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by dreit1 9y ago
Wondering what everyones thoughts are on NEO its genereated a lot of buzz recently.
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by dreit1 9y ago
Yes the number of coins that produce nothing is large, but the top coins account for like 90% of the market cap. The pump and dump game is overstated
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by dreit1 9y ago
exchange fees, and a general dedication to cryptocurrency
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by dreit1 9y ago
People actually knowledgable in the crypto community would have told you literally years ago that the Chinese exchanges were shit. ChangPeng Zhao who now runs binance out of Hong Kong, made a reddit post (now deleted) stating exactly what w
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by dreit1 9y ago
Any bootstrapped currency will have a very high risk premium. That doesn't mean it doesn't behave like a currency
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by dreit1 9y ago
IDK I've gotten paid in bitcoin, and a variety of other alts before. Sometimes I moved into fiat, sometimes I saved it, if it can buy labor, it should be able to buy basically anything. In fact I wish a portion of my actual salary was
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by dreit1 9y ago
? If you leave your money as USD in a bank account, you will not earn the same as inflation as interest. I consider this punishment. A pure deflationary currency should exist to counterbalance inflationary fiat.
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by dreit1 9y ago
Exactly my point, given the option of storing their money as fiat, or storing their money in BTC. Millions are choosing BTC, everyone's rationale for it will be different, but it is happening. However yes I agree the past couple of mon
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by dreit1 9y ago
I've hear a lot has changed in terms of regulation since 2008. However we shouldn't compare Mt.Gox to BTC, Gox was a centralized institution, so the failure was with it, not with bitcoin. If the people had held their bitcoin priva
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by dreit1 9y ago
There is a sense of victory because millions of people view Bitcoin as a good place to park their money over fiat currency. Unfortunately no one runs news stories on the growth of unique addresses in the bitcoin network
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by dreit1 9y ago
Because this supposed "law and accountability" led to things like the 2008 financial crisis. Didn't seem like there was much accountability then, so why should I trust that money supply? I know exactly what is going to happen
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by dreit1 9y ago
Most interesting aspect to me is the deflationary aspect. Savers in today's society get punished. If you don't want to buy lot's of stuff and instead want to achieve financial freedom, then Bitcoin can be a viable alternative
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by dreit1 9y ago
When will the bitcoin haters finally realize that bitcoin is terrible for illicit transactions. The transactions is recorded forever...on a public ledger...and any money in or out of your address is traceable
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by dreit1 9y ago
There are plenty examples of responsibly run ICO's. OMG for example.
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by dreit1 9y ago
Cryptocurrency minted through these ICO's from a fundamental case represents quantifiable ownership of a network. If many people are involved then the network will continue value. I always like to relate it to many of these tech networ
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by dreit1 9y ago
Valid point, I've seen equally bad sourcing in other news outlets though
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by dreit1 9y ago
"They are scared because Bitcoin Cash has arguably the best cryptocurrency community in the world"...is sourced to a reddit post where a guy says he loves the community. This is the kind of stuff that leads me to believe journalis
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by dreit1 9y ago
He conveniently ignores the magnitude of people that have gotten people that have gotten screwed by the financial system, cheering on how great capitalism is because he is a winner in it. People continue ignoring the trends. Wealth inequali