proofofanalysis

5 ms·

1.
by proofofanalysis 7y ago
Do you have any citations to the contrary? That what he is describing is indeed not a risk at all?
2.
by proofofanalysis 9y ago
China made up a much larger portion of the volume, and the market rebounded and even soared after their ban(s).
3.
JP Morgan Chase CEO Jamie Dimon Regrets Calling Bitcoin a Fraud(ft.com)
1 points by proofofanalysis 9y ago|0 comments
4.
by proofofanalysis 9y ago
The blockchain is the third entry.
5.
by proofofanalysis 9y ago
The essential point of the third entry has been made.
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by proofofanalysis 9y ago
Triple accounting is explained. You have an incorruptible third party that attests to the accuracy of the computation.
7.
by proofofanalysis 9y ago
It's a step towards preventing corruption.
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by proofofanalysis 9y ago
It's not the only the correctness of the debits and credits that is possible, but also determining their nature. Of course these implementations would have to be molded to fit for each use case. The technology is nascent.
9.
by proofofanalysis 9y ago
The blockchain's (current) prime use case: triple entry accounting. In double entry accounting, a ledger only contains debits and credits. With the blockchain, the blockchain's attestation of the validity of the debit and credits
10.
by proofofanalysis 9y ago
An incorruptible ledger resistant to the control of any individual, corporation, or state. Bitcoin may fail in its implementation of this goal. The future is still to be determined. Bitcoin's underlying technology creates the possibili
11.
by proofofanalysis 9y ago
You are throwing away the possibility that there is an intrinsic value in Bitcoin, more related to socio-economic-political concerns, than survival. There is not only one domain in life.
12.
by proofofanalysis 9y ago
Bitcoin, being a form of wealth, can give you all the things you just described. That it has no value during an apocalyptic scenario, does not mean it does not have value in the non-apocalyptic times.
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by proofofanalysis 9y ago
The incorruptibility of the ledger is the value.
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by proofofanalysis 9y ago
Bitcoin's value is connected to the costs to continuously mine it and consequently keep the blockchain intact and secure. These costs include electricity, mining equipment, personnel, and warehousing. As with normal equity valuation, t
15.
by proofofanalysis 9y ago
Gemini Trust Company, LLC is a New York trust company. Gemini is regulated by the New York State Department of Financial Services (“NYSDFS”). Source: https://gemini24.zendesk.com/hc/en-us/articles/204734485-Is