wellboy

11 ms·

61.
by wellboy 9y ago
Almost all the new ones inclusing 3rd gen block chains don't, e.g. IOTA, Nano. They use PoS or a PoS/PoW hybrid, thus leading to 1/1000th of the energy consumption or 1/1,000,000.
62.
by wellboy 9y ago
Why do admire them so much. They are one of the worst exchanges when it comes to customer support and there are massive complaints about them holding vast amounts of money of customers hostage? Then comes insider trading during the BCH laun
63.
by wellboy 9y ago
You're making the assumption that crypto will fail 100%, which is arguably not a smart thing to say, because no one knows for sure. Furthermore, Smart contracts are a business content.
64.
by wellboy 9y ago
Yes that's why they hybrid.
65.
by wellboy 9y ago
Yes, 3rd gen blockchains aren't blockchains anymore. :)
66.
by wellboy 9y ago
Such as?
67.
by wellboy 9y ago
Pretty much all the newer ones, Nano, Iota and Eth probably soon to. There is also a debate to use delegated PoS or a hybrid of PoS and PoW to get both of their upsides with none of tbeir downsides.
68.
by wellboy 9y ago
High fees are only a problem of PoW blockchains, not of PoS blockchains which are becoming the majority right now.
69.
by wellboy 9y ago
Blockchains are moving away from PoW to PoS, which requires a millionth of the energy use, so that's not really an argument.
70.
by wellboy 9y ago
Slide 1: Obviously you need to convert from and to Fiat since crypto isn't used by the majority of people duh. Slide 2 & 3: Yes, 1st generation blockchains are slow and have high fees. That's why Bitcoin has just implemented t
71.
by wellboy 9y ago
It's a bit of a better signal, but still not that significant with the dow jones also being down 25% over the last several weeks.
72.
by wellboy 9y ago
No one claimed that they invented electric cars. Their electric cars simply perform 50% better than the vast majority of other electric cars in every aspect, speed, acceleration, range (very important). Then you can also add design, driving
73.
by wellboy 9y ago
Yes, but a scam is knowingly screwing someone over. Is it a scam when you invest in promising technology that, yes, could not work out?
74.
by wellboy 9y ago
Ethereum was also a scam, which would have given you 10,000,000% profit?
75.
by wellboy 9y ago
Except that Tesla is the currently the strongest player to take the biggest market in history, autonomous driving with electric cars and Ford isn't.
76.
by wellboy 9y ago
Probably because they are a new company and want to innovate on manufacturing to make it 5x better than the industry standard like with everything they do.
77.
by wellboy 9y ago
Yes, but not right now or in 3 months like that managers says it. This is just spreading unsubstantiated FUD.
78.
by wellboy 9y ago
Only that they would have gone bankrupt if it hadn't been for the government in 2008 when it was around 105 years, next to a few other large car manufacturers.
79.
by wellboy 9y ago
That's an accurate description. Though acquiring the best electric car and autonomous driving technology is probably a magnitude harder than ramping up manufacturing. Manufacturing also isn't easy, but it also isn't super har
80.
by wellboy 9y ago
-8.5% on one day is a very weak signal. Next week it's up 8.5% again.
81.
by wellboy 9y ago
You need to factor in future profits, where Tesla is the strongest player for electric cars, autonomous driving (the first multitrillion dollar market) and benefits of the Musk ecosystem (Boring company, SolarCity, Hyperloop) Ford isn'
82.
by wellboy 9y ago
This top manager seems to miss that Musk can raise a couple of billion whenever he wants. How did he get to manage his own fund if he doesn't even get that.
83.
by wellboy 9y ago
Well that's a weak argument. Just give them a new address. Many bitcoin owners have 100+ addresses within their wallet.
84.
by wellboy 9y ago
Cool what's your address, bank account balance and your kids names?
85.
by wellboy 9y ago
Ha very cool. Though who pays for storing the data then?
86.
by wellboy 9y ago
Given that probably 90% of FBs engineering power was spent on scalability and data mining, it seem more feasible than you make it sound.
87.
by wellboy 9y ago
The tech that is proposed in the article sounds a lot like Nano's block lattice, where everyone has their own blockchain. You could even potentially use it to run this social network by just increasing transaction data size.
88.
by wellboy 9y ago
Isn't this just switching costs? The author assumes that a change in a process never amortize. However, some changes cost time and money yes, but they amortize after a few months ans are worth it. Yes, some changes might lead to worse
89.
by wellboy 9y ago
I have to say, I have never seen so much bad press about facebook in such a short time frame. Seems like this is picking up a lot of steam.
90.
by wellboy 9y ago
Or he lacks the social awareness, introspectiveness to see how his product has a negative impact.

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