jesusthatsgreat

19 ms·

31.
by jesusthatsgreat 8y ago
You don't need a blockchain until corruption and lack of transparency forces a need for one in order to re-build trust.
32.
by jesusthatsgreat 8y ago
Publicly criticizing people & companies you've worked with because you haven't seen eye to eye with them... Is this the sort of person you'd want to work with or hire to work for you? If it were a company that didn't
33.
by jesusthatsgreat 8y ago
> Etherium Is this a running joke or something? I've seen the misspelling of Ethereum several times now on hackernews and it's a tell-tale sign that the people talking about it haven't invested much time researching it or
34.
by jesusthatsgreat 8y ago
What makes an investment in 'this Bitcoin crap' any different from an investment in say Facebook shares or Snap shares? Aren't they just unnecessary digital crap too that nobody actually needs? Bitcoin has become the gold sta
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by jesusthatsgreat 8y ago
> Never replace anything unless the thing doing the replacing is better than the thing being replaced. The problem is 'better' is subjective. Plenty of mechanics will tell you older cars are better because they're easier t
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by jesusthatsgreat 8y ago
People said that about motor cars, about touchscreen phones, and personal computers, the internet itself... any new technology will bring with it controversy, naysayers, early adopters, opportunities and pain. Will Blockchain technology as
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by jesusthatsgreat 9y ago
Iconomi publish quarterly reports and in the latest one they had over $9m cash. They've also previously said they always aim to have ~2 years of runway in cash to protect against a long term bear market: https://medium.com&#
38.
by jesusthatsgreat 9y ago
We need a new social network that helps make the world more isolated and disconnected.
39.
by jesusthatsgreat 9y ago
> In technological terms, it is old. TCP was created in the mid 70's. The internet as we know it didn't offer the average user much value until the mid 90's and even then it was a very small amount of the population capabl
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by jesusthatsgreat 9y ago
If self-driving cars are the norm, this problem will disappear over time.. .
41.
by jesusthatsgreat 9y ago
I don't think anyone disputes the fact that whales control markets. I don't think we can have it any other way... free markets will never be fair / equal for all unless you have a communist system in play. What crypto does to
42.
by jesusthatsgreat 9y ago
Second Life is a virtual world where virtual stuff can be traded. Blockchain technology is real world technology. It can help to solve really challenging problems and make real world systems more efficient / productive / cost effe
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by jesusthatsgreat 9y ago
It's a shame the transaction and subsequent flow of money can't be traced on a tamper-proof decentralized public ledger the way it could be with cash...
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by jesusthatsgreat 9y ago
The problem is the rules are made up as we go along. Money is infinite if we want it to be infinite... at the minute it's finite up until a debt ceiling is hit. And as we've seen before, we just keep raising that ceiling if it loo
45.
by jesusthatsgreat 9y ago
The problem is ultimately the fact that money is an infinite resource, therefore it's a poor store of value. Property is a more stable / smarter store of value because it's actually needed by everyone in life and is relativel
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by jesusthatsgreat 9y ago
Why is it that concept car designers insist on not adding wing mirrors or else tiny little stalks that are significantly smaller than production wing mirrors? Every damn time...
47.
by jesusthatsgreat 9y ago
It's not just Sweden, it's almost everywhere (in the western world at least). It's almost entirely down to the effects of unprecedented quantitative easing over the past decade or so. When you print more money than you'v
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by jesusthatsgreat 9y ago
Tulips aren't finite in number nor can they be transferred on a decentralised ledger. Anyone can grow tulips and grow fake tulips that may look like tulips but are cheaper quicker to buy / make. You can't fake Bitcoin nor can
49.
by jesusthatsgreat 9y ago
The hackernews community in general is opposed to change which is ironic given that change is ultimately what has paid / is paying for their salaries. Some people feel very threatened by the idea of the disruption of money and all of i
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by jesusthatsgreat 9y ago
Maybe if you actually used it you'd see the benefits of it... try transferring any amount of value with Bitcoin.. take note of how much it costs and how long it takes. Then do the same with Ethereum. You'll start to learn pretty q
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by jesusthatsgreat 9y ago
If you were watching a building go up in flames due to arson, exasperated by faulty construction and you knew there were people inside you could save what would you do? I'm pretty sure you wouldn't just say "It's their o
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by jesusthatsgreat 9y ago
People hate capitalism until they see what happens when you put the state in charge of everything. The grass is always greener. Always has been, always will be. If only we could get over to the other side, I could prove it to you...
53.
by jesusthatsgreat 9y ago
Yeah I've thought about this too... like fighter jets being refueled by tanker jets mid-air. It should be safe for two vehicles to latch on to each other safely and for one to charge the other, then the 'tanker' vehicle goes
54.
by jesusthatsgreat 9y ago
Yes, Bitcoin's death will be announced, again...
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by jesusthatsgreat 9y ago
If you can spend cryptocurrency (you can now spend it through debit cards and it's more becoming more widely accepted at online retailers) and you know it's deflationary, why would you ever want to cash out in to fiat? Even if 5%
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by jesusthatsgreat 9y ago
I think it would make more sense to create your own token and peg it to the combined market cap of the top 100 cryptos, updated hourly. i.e. let's say combined market cap is $40b today. Create a token called 'Coin100' and a c
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by jesusthatsgreat 9y ago
> I look at the value of my stock holdings in euros only because it's also my day to day currency Until it isn't and it's replaced by a new one. Less than 20 years ago Euros didn't exist. It's entirely possible
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by jesusthatsgreat 10y ago
Because most people aren't lawyers whose job it is to defend bad actors and deflect blame on to good actors for enabling the bad actor to carry out their bad act in the first place. If you're arguing there should have been no hard
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by jesusthatsgreat 10y ago
Bailing out speculative investments gone bad with taxpayers money is a pretty big problem if you ask me. Cryptocurrency came about as a direct result of a broken political / financial system which effectively rewarded failure and finan
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by jesusthatsgreat 10y ago
If there's a huge racial divide as you're making out, with white people outnumbering all others, why was Obama elected twice? Trump literally lives in a gold skyscraper with his name in large lettering on it so he's not exact

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