vijayboyapati

14 ms·

91.
by vijayboyapati 13y ago
1% (you have no idea if this is going to pan out, but you're willing to risk 1% to get a shot at 100x or 1000x returns)
92.
by vijayboyapati 13y ago
5% (the technology is pretty cool and you think there might be something here worthy investing in)
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by vijayboyapati 13y ago
10% (you think bitcoin is a disruptive technology that could possibly change the future of payments and you want to bet on its success)
94.
by vijayboyapati 13y ago
25% (You're certain this is a game changer and you're going to become one of the newly minted bitcoin millionaires)
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by vijayboyapati 13y ago
50% (You're willing to put your balls on the chopping block while rapidly dicing carrots)
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by vijayboyapati 13y ago
100% (You are Satoshi Nakamoto)
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by vijayboyapati 13y ago
He actually received a total of a little more than 19 bitcoins. He's a very popular and respected blogger among libertarian circles. One of the most well read (of history and economics) authors I've come across.
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by vijayboyapati 13y ago
This is what the real-time monetization of a good looks like. In the early stages you have massive price increases until there is enough liquidity and volatility declines. Bitcoin looks like a bubble, but money is inherently a bubble phenom
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by vijayboyapati 13y ago
My thinking is that if bitcoin becomes a monetary standard for online commerce it's orders of magnitude undervalued. If not, it's probably overvalued. So it's a perfect asymmetric bet. The most you can lose is the price of bu
100.
by vijayboyapati 13y ago
I still think Moldbug has by far the explanation of the increasing moneyness and price of bitcoin: http://unqualified-reservations.blogspot.com/2013/04/bitcoin... So when people say bitcoin is "bubble" t
101.
by vijayboyapati 13y ago
I honestly don't know. The world is changing so fast now that it wouldn't surprise me if this happened in 10 years, or even 5 years. As context, just 6 years ago there was no iphone. 8 years ago there was no Youtube. 9 years ago t
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by vijayboyapati 13y ago
The increasing price is a reflection of an increasing reservation demand for bitcoin - which is another way of saying bitcoin is increasing in "moneyness". Bitcoin's market capitalization is about 5B right now. Gold's is
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by vijayboyapati 13y ago
Using relatives is fine; my only point is that bitcoin is new and interesting and newsworthy and the negatives tend to get focused on. I honestly do not think that crime is more rampant in the bitcoin economy than the dollar economy. And th
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by vijayboyapati 13y ago
It's important to distinguish the crimes that happen involving theft of bitcoin, from bitcoin as a payment system and protocol. Do you know how many crimes happen per day involving dollars? It's many orders of magnitude more than
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by vijayboyapati 13y ago
The best rebuttal to the perennial and cliche bubble articles is the post by Mencius Moldbug "Bitcoin is money, bitcoin is a bubble". http://unqualified-reservations.blogspot.com/2013/04/bitcoin... He pe
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by vijayboyapati 13y ago
It sounds pretty bad; anything where the bug appears randomly sucks. But, for me, the worst bugs are random+multithreaded+statistical. E.g., a random bug in a distributed machine learning system=bug of death
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by vijayboyapati 13y ago
The Economist paints itself as classically liberal, but this is something of a farce. They criticized Mises, sometimes called the last knight of liberalism, for his liberalism. And they have been consistently pro-war for the last decade. Wh
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by vijayboyapati 13y ago
There goes my productivity for the next month
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by vijayboyapati 13y ago
Greenwald's response: https://twitter.com/bdowney/status/376818109719404545
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Why Greenwald should reveal which companies have been compromised by the NSA(docs.google.com)
6 points by vijayboyapati 13y ago|2 comments
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by vijayboyapati 13y ago
It's interesting that Schneier writes: "Trust is essential for society to function. Without it, conspiracy theories naturally take hold. Even worse, without it we fail as a country and as a culture." As a libetarian, for a lo
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Samsung beats Apple to release of smart watch(crave.cnet.co.uk)
1 points by vijayboyapati 13y ago|1 comments
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Google and the NSA: Who’s holding the ‘shit-bag’ now?(thestringer.com.au)
2 points by vijayboyapati 13y ago|0 comments
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by vijayboyapati 13y ago
A comment from a Peruvian friend of mine, who I passed the article onto: "This is incredibly misleading. There was no market because that culture was run by theocratic totalitarian blood thirsty central planners. The vast majority of p
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Former Beluga CEO interviewed about Bitcoin(youtube.com)
1 points by vijayboyapati 13y ago|0 comments
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by vijayboyapati 13y ago
This young man had the courage to expose the war crimes committed by America, and now will essentially spend the rest of his life rotting in prison. More than anything this is an indictment of America as a nation, and the American people w
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by vijayboyapati 13y ago
I worked at Google from 2002-2007, and the dirty little secret is that there is no 20% time. It's 120% time. You work a full schedule, and if you want to put in extra hours for a side project go ahead. I explicitly asked to use 20%-tim
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Owner of Lavabit on Why He Closed It Down(youtube.com)
1 points by vijayboyapati 13y ago|0 comments
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by vijayboyapati 13y ago
I'm sorry that is the most important thing you got from my comment, Avar. My spelling of Perl is certainly inconsistent. I've spelt it Perl, PERL and perl at various times. I was on my phone and being somewhat lazy and clumsy with
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by vijayboyapati 13y ago
The thing I find interesting about this article is the brief discussion about the death of PERL. In particular the comment about the inability to find senior developers in PERL. This is a sad development for those of us who really love prog

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