jsutton

15 ms·

121.
by jsutton 8y ago
> the industries that made these cities what they are are mostly gone now These cities often have attractive qualities for other industries, and with enough foresight these cities can position themselves well to succeed in the future. Ma
122.
by jsutton 8y ago
Depending on how much you've earned during the year, a Roth IRA may not be an option (exact threshold I've forgotten but it's around $120,000)
123.
by jsutton 8y ago
It started out decentralized but quickly consolidated. Cryptocurrencies in theory should enable a sustainable decentralized network.
124.
by jsutton 8y ago
When you have a public transparent record of the kinds of financial shenanigans that were going on, it can be audited very easily and put a stop to. The financial crisis was not avoided because all of the sketchy activity was hidden from si
125.
by jsutton 8y ago
It does, in these hypotheticals we assume a mature blockchain, and the 'third parties' in this case is the network itself. In non-PoW implementations, there is no more waste than traditional means.
126.
by jsutton 8y ago
Third party trust has been the best solution in the past to establish trust. Blockchain tech has introduced a new solution that has been proven. As a business, if you have to choose between using a third party for trust or using a distribut
127.
by jsutton 8y ago
> Meanwhile as far as I can see the only practical use cases of cryptocurrencies and even "the blockchain" at large is unbridled speculation, pyramid schemes and buying illegal stuff online. You aren't looking very hard, t
128.
by jsutton 8y ago
Because for any sufficiently large company, they won't be the only entity in their inventory's supply chain. Sharing data throughout the supply chain accurately and reliably is an extremely hard problem that has yet to be solved s
129.
by jsutton 8y ago
I argue that blockchain technology enables the development of such a distributed network to succeed with much better odds, as monetary value and network effects are intertwined. Traditional software products whose success relies on network
130.
by jsutton 9y ago
And if you don't get tired earlier? I find that even when I wake up early, I'm usually wired around 11pm-12am.
131.
by jsutton 9y ago
This is a great point, I've been trying to wrap my head around why so much of HN is almost irrationally anti-blockchain.
132.
by jsutton 9y ago
There's an obvious difference between putting mining software or other malware into product, versus adding support for a major blockchain platform.
133.
by jsutton 9y ago
I don't see what the issue is of a development tool supporting blockchain development. Like it or not, this tech is here to stay, and blockchain devs need very similar tools.
134.
by jsutton 9y ago
Can you ensure the safety and security of all of your gold at all times? Can you send that gold to someone else across the world quickly and securely?
135.
by jsutton 9y ago
Or they want to offer their customers a no-fee way of buying cryptocurrencies as easily as stocks? I think this is a great move by them. There's no question that a growing number of investors are demanding access to Bitcoin and Ethereu
136.
by jsutton 9y ago
Non-mining cryptocurrencies are already here, thankfully. Ethereum will be moving from mining to a Proof of Stake model; others like Dash have been successful with it for years.
137.
by jsutton 9y ago
I agree with many of your points. There is certainly a bubble feel around this. But I don't think that shrugging away all cryptocurrencies/tokens as a dangerous mistake is the answer. Nor is waiting for the big crash (time in the
138.
by jsutton 9y ago
Why does seeing an ad for an established cryptocurrency signal a crash? Do you think the same thing about tech stocks when you see an ad for a new tech company?
139.
by jsutton 9y ago
Bitcoin Cash is the forked version, you're getting them mixed up.
140.
by jsutton 9y ago
This article is completely amateurish and without any merit. Don't waste your time. The author tries to tell you that because a bitcoin can be divided up into a million pieces or more, it means it's not a limited resource. What id
141.
by jsutton 9y ago
When you write a program/app/website and someone uses it, is there nothing of value created?
142.
by jsutton 9y ago
Exactly that, you can do secure financial transaction without the modern financial system. I would say that's incredibly valuable, and the vast majority of people who don't have equal access to the modern financial system would pr
143.
by jsutton 9y ago
Hundreds of years ago, you could transfer money across the world just like you can now. It would just take having the right connections and a lot of time. Does that mean our global banking system is unnecessary? Bitcoin et al unlock a poten
144.
by jsutton 9y ago
Bitcoin isn't better as a currency, that use of Bitcoin is long gone. It's a store of value and the backbone of the cryptocurrency market place at the moment. Most cryptocurrencies are paired with BTC.
145.
by jsutton 9y ago
To say that blockchains are only useful for unlawful activities is completely ridiculous and shows your negligible insight on the topic.
146.
by jsutton 9y ago
Coinbase's USD wallet is FDIC insured, so it's much closer to a bank in that denomination.
147.
by jsutton 9y ago
So are your dollars stored on Coinbase.
148.
by jsutton 9y ago
It's not necessarily wasted energy if it's being used for something, and in Bitcoin's case it's being used to ensure the integrity of the network. Using green energy means that the byproduct of the energy used by the Bi
149.
by jsutton 9y ago
You're not generalizing at all.
150.
by jsutton 9y ago
You avoid political discussions by bringing up a completely unrelated subject that attributes negatively to an ex president?

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