Bitcoin-Mining: Was ist das und wie kann ich minen? BTC ...
Top Bitcoin Mining Pools See 15% Hashrate Drop ... - Yahoo
China leaves bitcoin mining out of list of ... - Yahoo
What is Bitcoin mining? - Yahoo News Canada
The Next Recession May be Brutal: That’s a Net Positive for Gold and Bitcoin
Prominent gold bull Peter Schiff predicts that the next recession will be brutal, and owning gold or Bitcoin will be a net positive. The US economy is more robust than it has ever been. With a roaring stock market and decent consumer spending, talk of recession is minimal. However, certain aspects of this growth are cause for investors like Schiff to raise the alarm: “Today’s revisions to Q3 GDP confirm the U.S. economy is a bubble. GDP ‘growth’ is driven completely by excess consumer and government spending, as the real economy contracts. But such spending is a function of debt, much of which can’t be repaid. The coming bust will be brutal!” With the S&P 500 pushing record high after record high, stock market traders are as bullish as ever. Such sentiment could make the next crash particularly devastating. In the 2008 financial crash, stocks in a hallmark Wall Street firm, Bear Stearns, went from over $100 to $2 within a week. Investing in stocks can be great, but when it rains, it pours. Accurately predicting the next recession is often a hit-and-miss game even for the top analysts. Even those who predicted the financial crisis of 2008 couldn’t pinpoint with precision when it would begin. Regardless, this does not discredit anyone who tells investors to be cautious. The issues Schiff raises are pertinent to the macro-economic stability of the American and global economies. Even those who make the right predictions about an upcoming recession have no respite if they do nothing about it. Building a defensive portfolio is one way to absorb such shocks. In recent decades, gold has distinguished itself as the premier safe-haven asset.
Gold Prices During a Recession
Gold has historically performed well during times of financial uncertainty. Naturally, recessions are the extreme end of such turmoil, meaning that gold prices should peak. In the aftermath of the 2008 financial crisis, gold prices rose dramatically and peaked in 2011 at the height of quantitative easing measures from major central banks. If a brutal crisis such as Schiff predicts could happen comes to pass, gold prices should ease past the $2,000 mark. Gold has millennia of reputation and scarcity that makes it the perfect safe-haven asset in such a crisis. Therefore, investors see it as a valuable asset to hedge against recessions. If you are already in one, it can provide cover against further negative slides. This stability is why investors like Schiff advise that traders have anywhere between 10–30% weighting in gold. Whether split between physical gold and mining equities, gold-backed ETFs, or any other arrangement, gold has a track record of weathering the storm.
Bitcoin as a Store of Value Asset
Using the phrase ‘store of value’ for Bitcoin may sound like an oxymoron. After all, Bitcoin and cryptocurrencies are notorious for volatility in their few years of existence. In the 2018 calendar year, Bitcoin went from about $18,000 down to about $3,400 only to rebound to over $10,000 by mid-2019. However, one trait gives Bitcoin a silver lining: decentralization. Bitcoin is a decentralized, pseudonymous network that is independent of central bank control. Accordingly, Bitcoin has the eye of many investors who seek to diversify their holdings. So far, there is little evidence as to whether Bitcoin will trade like a safe-haven asset during a full-blown crisis. The fact that Bitcoin does not have a direct correlation to the mainstream is what drives interest. Bitcoin prices are purely market-driven as no one controls supply like regular fiat. Therefore, some speculate that in the event of a financial crisis, investors will flock to Bitcoin just like gold. Recent history suggests that temporary Bitcoin investors hold the coin for speculative purposes rather than a store of value. Will this change soon? It could be that investors allocate money to risky assets when they feel comfortable about investing generally. Therefore, there is a distinct possibility that investors could shy away from Bitcoin during times of economic turbulence. What will transpire during an actual recession is difficult to predict. Bitcoin may have insulation from mainstream stocks, but bearish sentiment can affect investor sentiment either way. You can have a situation where investors hedge Bitcoin more or avoid high-risk assets in general. It will take time before Bitcoin has the stability and reputation of gold. The maturity of crypto markets between now and when an actual recession hits is also a factor. Bitcoin can be a viable alternative to gold, but a lot of stars have to align.
Based on current economic and policy trends, gold is in the perfect position to have a net positive from a recession. Incredibly, even with the S&P 500 and other stock market indices up by a lot, gold has had a strong bull run in 2019. The macro-economic factors that have fueled gold prices include geopolitical tensions and low interest rates. All through 2020, these factors will still loom large. Gold enjoys a stability that Bitcoin holders can only dream of. Even in the rare event that an institution or person dumps a significant amount of gold in the market, the net price effect will not be as drastic as with other assets. Demand for gold is only getting stronger with the resilience it is showing. Central banks in emerging and struggling economies are adding rapidly to their gold holdings to hedge against currency slides. Accordingly, the likes of Russia, China, Kazakhstan, and Turkey have added significantly to their gold reserves in recent years. Part of this demand stems from an effort to reduce reliance on the U.S. dollar as a reserve currency. Russia and China are dealing with sanctions and a trade war, respectively, while many developing countries have stuttering currencies. Gold provides a useful alternative to store value for such countries. Additionally, Islamic countries like Iran, Malaysia, Turkey, and Qatar are considering a gold barter system among themselves to hedge against future economic sanctions. Iran continues to bear the brunt of punitive sanctions while Qatar almost experienced an economic shutdown after a Saudi orchestrated blockade in 2018. The deliberations began after an economic summit led by Malaysian PM Mahathir Mohamed from the 18th to the 21st of December 2019. Therefore, gold enjoys a universal credibility that Bitcoin and crypto can only dream about. When looking to store value or hedge against a stock crash, gold is still the premier asset to hold.
Gold to Surge in the Coming Decade
Many analysts see the tremendous upside of holding gold now. Paul Schatz, Heritage Capital president, recently touched on this sentiment in comments to Yahoo Finance: “I think gold’s going to $2,500, $3,000 an ounce in the 2020s because the climate — the landscape for gold is so hugely supportive.” Investors see the value of using bullion as a hedge. Even though gold cannot replace government bonds entirely in portfolio diversification, the case for reallocating a portion of normal bond exposure to gold is as strong as ever. Bullion has had a steady decade of growth through the 2010s. It has performed better than most assets, save for outliers like cryptocurrencies. Stocks have rallied in the past decade, but a combination of high debt levels and low interest rates places the value of fiat at a precarious place. These factors have allowed gold to maintain solid prices even through periods of relative economic prosperity. For those who distrust fiat and central bank management of fiat, hedging gold is a no-brainer. Having at least 10% gold in your portfolio is a decent approach to start the next decade. Investing in bullion, gold mining equity, or gold-backed ETFs provides useful diversification to your portfolio. With digital gold-backed tokens now available in the market, you don’t need to worry about the hassle of storing and transporting the gold. Either way, investing in gold now puts you in a great position entering the new decade.
A little late, but as promised here is Part 2 of the Beginner’s Guide to Exchanges. I would like to sincerely thank everyone for their support and feedback in making these. Link to Part 1 This time I also made a Google Docs survey in the hopes of sharing the results with the community. I thought we could share what we use as a whole and why redditors choose the exchanges they do. For skeptics (as you all should be), I assure you that I am not collecting personal information. This is for recreation and if you are still wary, then by all means abstain! Link to Survey In Part 3 I will be wrapping up this series by covering decentralized, semi-decentralized, and derivative exchanges. Here it goes!
00 – Concepts and Definitions (Continued)
What is FinCEN? This is an agency within the US Dept. of Treasury that collects and analyzes information about financial transactions. It is meant to prevent financial crimes and money laundering both by businesses and individuals. In 2011, FinCEN defined digital currencies as fiat and started cracking down on those in the crypto world. Since then, every exchange serving US citizens has been trying comply with regulations otherwise they face severe penalties. Thank them when exchanges as for your Address and an ID.
What is the ICO (UK Regulatory Body)? This stands for the Information Commissioner’s Office and it is the UK counterpart to FinCEN - a regulatory office that reports directly to Parliament. ICO oversees compliance of the Data Protection and Freedom of Information Acts. It is meant to help companies and individuals keep their private information private, and can enforce this with penalties up to £500,000 when personal information is recklessly stored or leaked.
What is APR? Stands for Annual Percentage Rate.
What is Arbitrage? Arbitrage trading means to take advantage of price differences between markets. For example, say Poloniex lists ETH at $400, while Kraken lists it at $500. Buy low at Poloniex and then sell high on Kraken and you just made yourself a hundred bucks. Simple!
What is a Coinswap/Crypto-converter? Basically, a coinswap is a broker. If liken an exchange to a marketplace where buyers and sellers meet to agree on a price, then a Coinswap is a person who goes to the market on your behalf. Give them what you want to sell, and they will come back with what you want to buy. They take a small commission, give you a fair market rate (or close to it), and sometimes don’t even ask for your identity. Coinswaps are popular because they are convenient and offer coin pairs that exchanges sometimes cannot.
Overview: Founded in late 2013 by Gerald Cotton in Vancouver, Quadriga should be a source of national pride. While 4 major Canadian exchanges suddenly closed between 2015 and 2016, Quadriga survived. Then In 2015, Quadriga became the first exchange to attempt being listed publicly by enrolling for enlistment on the Canadian Stock Exchange (CSE). However, it ultimately failed to do so after being confronted with restrictions and regulations.
Withdrawal/Deposit Fees: Low deposit and withdrawal fees in comparison to other exchanges. A little unorganized on their official site
Linked Bank Transfer
Deposit 1%/ Withdraw Free
Free (Withdraw Only)
1% (Withdraw Only)
Free (Withdraw Only)
Security: Quadriga was quite notably lost of 67,000 ETH earlier this month, after an expensive mistake involving the Geth 1.5.9 upgrade. Apparently, outgoing addresses were incorrectly entered without 0x at the beginning of addresses and the sent ETH became trapped. Yet Quadriga has taken full responsibility and reassured customers that it will not affect their accounts.
Google Authenticator or Email 2FA Available
Undisclosed amount of funds in cold storage
3rd Party Security provided by CloudFlare
Expired $50 bounties
Verification: Quadriga CX enables alternative instant verification with an Equifax Credit Score Report.
Digital only, Limits Vary
Customer Service: Negative reviews are hard to come by, but perhaps that is due to the smaller size of this exchange. The FAQ is a little disorganized with a lack of tabs or categories on the site. However, support offers a direct phone line and email support. Also u/QuadrigaCX seems very active and responsive in the Bitcoin CA subreddit.
Bottom Line: The handling of the ETH loss was handled professionally and quickly. And as a Canadian, lower deposit and withdraw fees are probably impossible to find somewhere else. Trading fees are a little high, but that is the trade off. It seems they have weathered some ugly storms other Canadian exchanges could not and are a trustworthy exchange going into the future.
05 – Fiat Exchanges – Europe
Overview: CEX.io is started in London in 2013 both as an exchange and a cloud mining provider with its acquisition of Ghash.io. In 2014, Ghash was the largest Bitcoin mining pool contributing to over 42% of the mining power and mining over $200 million in BTC. In October of 2014 Ghash closed yet CEX.io lived on as an exchange.
Verification: With a lot of backlash from the Bitcoin community, CEX has registered with FinCEN and ICO in the UK, while also implementing Anti-Money Laundering (AML) and Know-your-Customer (KYC) policies. Once these policies came into effect and ID verification was requested, many original Ghash users abandoned the exchange. Exchange allows for linking of Facebook and Google+ accounts. Not a good option IMO.
ID + Photo
$10,000 Daily/$100,000 Monthly
Customer Service: Customer complain are abound here, and for justified reasons with hidden deposit and withdrawal fees. However it seems the company is quick about inquiries and verification, stating that most inquiries are filled in 24 hours. The FAQ is comprehensive which you should come to expect from established exchanges. Despite some unhappy customers, tt is good to see that they care about their reputation and their product.
Bottom Line: If you are already invested in crypto, CEX.io has some of the lowest trading fees in the game. However, they are clearly taking advantage of inexperienced users and those looking to exchange fiat for the first time. When purchasing with their FOK buying service (using instant credit card transactions), not only is the buy rate not at market price, but a 7% fee is added. This is price-gouging, this is FOK-ing unreasonable. I understand that this service offers something not found elsewhere, but additionally 1% crypto and $50 USD withdrawal fees makes these actions questionable if not just plain greedy.
BTC-E / XBTC-E
Overview: BTC-e is has been operating out of Russia since 2011 and provides language support in English, Chinese, and Russian. Perhaps due to this flexibility, it has high volumes of BTC, LTC, and ETH. It has an unclear connection to xBTCe, but both link to each other in the FAQ of the respective sites. A feature that is provided by BTC-e not seen elsewhere is software for trading called MetaTrader 4. This software seems a little clunky, but includes some TA features.
Security: BTC-e was hacked way back in 2013/2014 and reportedly $35,000 of BTC was stolen. Since then it has had a relatively clean record. This Digiconomist review is a thorough and detailed read, but unsure.
Google Authenticator Available
Must be changed every 6 months
3rd Party Security Services provided by CloudFlare
Verification: Since late May, there have been a shit storm of reports claiming BTC-e is locking funds for previously unverified users. In the FAQ users are asked to register at XBTC-e and within 10 days the account will be unblocked. It is unclear how the websites are connected or related to each other and 10 days is eons in crypto time.
No Stated Limits
Customer Service: Live Chat is supported during operating hours and the FAQ is listed in Russian and English. Resources are a little unorganized, but complete none-the-less. Bad reviews and complaints are plentiful with the long history of the exchange and the recent troubles with account verification for some long time users.
Bottom Line: I’ve got to be honest that I personally despise the interface at these 2 sites. Both give Yahoo! GeoCities and the original SpaceJam website a run for their money in terms of web design. Perhaps it makes up for it with some free TA software and a large daily volume. But it comes to say that the longevity of this exchange is its biggest strength.
Overview: Liqui is based out of Kiev, Ukraine. As a digital exchange, it does not support fiat currencies and is competing with the likes of Bittrex and Poloniex as it lists dozens of altcoins. The feature that differentiates Liqui is its ‘Interest’ feature which was introduced to increase traffic and volume to the newer exchange. It works similarly to depositing money into a savings account - deposit ETH into an account and earn 24% APR (or .066% daily interest) which is deposited every 24 hours. There is some fine print about deposit limits and interest calculations, but how it is presented is clear and straightforward. Unfortunately the limit of 1000 ETH needed by Liqui is currently full, so you will need to wait until others withdraw ETH or the limit is increased to participate.
Verification: There are no deposit/withdrawal limits and no verification levels. In order to start trading, all that is needed is an email address.
Customer Service: Searching for user reviews shows mixed results about Liqui’s customer service. The fact that it supported on several platforms, is reassuring. Contact Support@liqui.freshdesk.comBy Twitter@Liqui_ExchangeBy Telegram@Liqui
Bottom Line: The design and simplicity of Liqui stands out in my opinion. It is like what Poloniex could be if they just cleaned the UI/UX a bit. I like that it immediately gets into the trading charts without having to click around and if you miss the trollbox then this is your site. Like other smaller exchanges there are doubts over the reputation and reliability due to the opaque nature of the operations and development team. If you are looking for an alternative to Bittrex or Poloniex, this exchange may be worth investigating.
06 – Fiat Exchanges – South Korea
안녕하세요 여러분! 혹시 우리 한국인 친구 이 보고서를 한국어로 읽고 싶어한다면 알려주세요. 관심이 많이 있다면 간단한 한국어 보고서도 만들 수 있습니다. This year, ETH has taken off like a rocket in the Land of the Morning Calm. With a population of just 50 million, South Koreans account for almost 30% of daily ETH trade volume. Even more surprising is that currently the daily volume of ETH is about 5 times higher than that of Bitcoin on Korean exchanges. Since demand is high, ETH is trading at a premium on Korean exchanges. Some users have been talking about capitalizing off this imbalance by trading on arbitrage between exchanges. For those who have no connection to Korea and hope to do so, I have bad news – all Korean exchanges require a National ID number and access to a Korean bank account. This makes Korean exchanges virtually closed to Korean nationals and those with long-term visas. Sorry everyone.
Overview: Bithumb has all the features of horrid Korean web design - pop-up ads, flashing side-banners, disorganized pull downs, links to cafes/blogs, and generic stock images with embedded text. You can’t even see the exchange before making an account with your email or mobile number. It does support 4 languages, but reveals only poor translation done by Google Translate. In the face of this, this exchange has been trading a daily volume only second to Poloniex. On the bright side, they have the unique options to buy gift certificates/vouchers and remit money overseas.
Overview: Coinone is the second largest Korean exchange, and its design is a breath of fresh air compared to its rival. It offers service in English and Korean and allows for the trading of Bitcoin, ETH, ETC, and Ripple. It has a very comprehensive chart that is highly customizable, but sadly is only gear towards BTC currently. This makes it perfect for margin trading, and in the future I hope they add ETH. They also offer overseas remittance through their service Cross. Coinone support seems above average in their customer service with a PDF guide and an unprecedented landline number for direct support.
Overview: As the smallest of the 3 Korean exchanges, Korbit benefits from its simplicity. It by far has the best design and English support with clear links to services - including remittance, global payment, and their company bio. Like CoinOne they offer a direct phone line for customer inquiries and an extensive FAQ in 2 languages. Similar to the other exchanges, it has insanely low fees for deposits and withdrawals. This is largely thanks to the Korean banking system where wire transfers and mobile banking are commonly used. I recommend anyone interested in Korean exchanges to start here as they also have a reddit presence on u/korbitBTC
With a great deal of anticipation, major Chinese exchanges started trading ETH this summer. Since these exchanges deal huge volumes of Bitcoin already, naturally it was expected that they invest heavily into ETH as well. So far this hasn’t quite lived up to the hype with many exchanges still favoring Bitcoin, Litecoin, Altcoins, and even Ethereum Classic (Gulp). Three of these exchanges underwent inspections by the Peoples Bank of China earlier this year and will be working closely with the government to ease fears of money laundering and market manipulation. There are a lot of Chinese sites, and since my Chinese is non-existent this list is basically just for name recognition. In many ways these sites are very similar in regards to security, verification, and fees compared to their western counterparts; just marketed at a different audience and currency. If users are seriously interested in these exchanges and making reviews, please contribute or ask!
Overview: Number one in Chinese ETH trading, currently overtaking the volume of exchanges like GDAX and Kraken. CoinOne is very accessible with a mobile app, PC trading software, live chat customer support, and wallet services. OK Coin has English for the basic interface, but no detailed information in the FAQ.
Overview: Second in Chinese ETH volume, Huobi mirrors its rival OKCoin in many ways. It has a solid interface, a mobile access, and even the same rumors of faking trading data! Huobi also started with the ambitious motive of having zero trading fees, only to introduce them in January of this year.
Overview: ShapeShift is the leading Coin-converter site and has been since 2014 when it was founded. With great effort put into to eliminating verification requirements and allowing for the exchange of dozens of altcoins, ShapeShift provides a relatively seamless and simple service. The big buttons and bright color scheme immediately differentiates it from other exchanges.
Trading Fees: From the website ShapeShift does not charge a specific fee. Instead, we offer an exchange rate for each coin which changes every 30 seconds with market conditions. We try to earn revenue by offering a profitable exchange rate, and typically we earn in the range of 0.5% (50 basis points). You receive exactly what the exchange rate shows, there is no additional fee (except the tiny miner fee). There are complaints about the fees not being calculated fairly, but no one is forcing any of these users to exchange at the unbalanced rate. Or you could just read what CEO u/evoorhees has to say about it over at the Ethereum subreddit.
Security: After losing $230,000 from a possible internal hack in 2016, ShapeShift contracted the Canadian Security firm LedgerLabs. Afterwards they permanently hired Michael Perklin as Chief Security Information Officer. ShapeShift claims the only information stored during exchanges is the logs of wallets and the transfers between them. This is protected by storing the data across servers in multiple countries with none based in the US.
Customer Service: Customer service is necessary for the inevitable ‘entered the wrong wallet address’ problem from new users. Along with complaints about slow transfers, a simpler platform does not exempt ShapeShift from dealing with tons of angry customers and their problems. I take many of the complaints about unfair exchange rates with a grain of salt, because the problem could have been avoided by the customer. It does seem however that ShapeShift is very responsive, with a presence on almost every social platform imaginable. Even right here on reddit at shapeshiftio
Bottom Line: Especially after the release PRISM, it is obvious that no one is better at simplifying than the ShapeShift team. In order for crypto trading to become mainstream, it need to be easy enough that your grandma could do it. Erik Voorhees understands better than anyone. Instead of being confronted by esoteric graphs, unfamiliar ticker symbols, and a list of registration requirements, ShapeShift differentiates itself from other exchanges in both its interface and ease of use.
Overview: Changelly is a prototype project that was created by developers associated with MinerGate 2013. It has a slightly less sleek interface than ShapeShift, but is still quite intuitive in terms of its pull down exchange bars and other information. Changelly offers Credit Card services like CEX.io, but the fees are currently so expensive that it is hardly worth it. Another downside is the recently introduced email requirement.
Trading Fees: 0.5% Commission Fee with .00042 ETH Network Fee.
Security: It offers 2FA with Google Authenticator and HTTPS protocol.
Verification: A confirmed email address is all that is needed to start trading. You could easily use a throwaway email if there are concerns over privacy. There are also links to your Google+ or Facebook Profile, which seems a little uneccessary.
Customer Service: Like ShapeShift, Changelly suffers in its reviews due to inexperienced users. Those using Credit Cards especially will feel ripped off despite a clear disclaimer stating that rates are high. They have an extensive FAQ, but do not appear to have a ticket system for complaints and their social media pages are more geared for press releases than support. Their subreddit is a similar story in changelly, but their support staff u/changelly_com runs circles trying to solve issues. Because of the honest effort, I believe they can do better and can improve.
Bottom Line: When it comes to criticisms of Changelly, the apple does not fall far from the tree with MinerGate. Users rightfully have some distrust about the lack of opacity in the management and operations of this exchange. I feel that they are more honest and fair in the Credit Card services than CEX.io, but still should cut the service as it generates a ton of bad experiences. If you are looking to convert coins, it seems to be an acceptable service, but some of the benefits are lost with having to verify an email address. In this way it is hard to compete with ShapeShift.
Dogecoin, Crypto Currency and the Looming Financial Bubble. Or, How I Learned to Stop Worrying and Love Financial Collapse.
Journey with me now on a quest to untangle a birds nest of the past and present, in an effort to discern some sort of non-dystopian future for us all! First, let me say I am no expert in any of these fields. In fact I am a television professional who spent a good portion of my quarter century career locked in a small box with no windows. No windows, sans the crap I was editing, and the INTERNETS! Oh, thank you internets. If it weren't for the internets, I might have lost what you folks I think call them "social skills". That said, I am an observer. From social trends, to body language, I am a human sponge of just, stuff. One thing I can guarantee of these observations is, "Humans are Unquantifiable". In advertising, millions, if not billions are spent on massive saturation of icons, logos, jingles, celebrities, cartoon characters, sports stars and supermodels. Manufacturing consent and a willingness to buy. Shopping is a feeling.It surrounds us. It tells us all we need to know, from the fiftly foot, jumbotron billboards to the TV and Radio ads, every second of the day, on the bus, in the elevator, down the hallways, on the backs of men and women, names of people they never will meet, but they buy their clothes. And then there is Kabosu. A Shiba Inu owned by a nice lady in Japan who she takes pictures of her pets and posts on her blog. What made this special? What made it a meme in the first place? You may ask, what is a meme? The long answer to the latter question is, A meme is an image by itself or with words describing complex concepts. An organic process on the internet. In advertising it is forced out, tested, tweaked, rebranded, tested and tweaked again. It's HARD WORK creating an image for a company or product. A good example of how television is going out and the internet is overtaking the old guard. It's difficult and expensive. But for kids these days, it's fun and free. So when Dogecoin happened on the scene in December of 2013, naturally, organically a crypto currency was born. In REVERSE order than it would happen in the business of advertising. The logo represents the product, not the other way around. This brings me to Dogecoin. I recognized right away how this coin now represents we, the creatures of the internets. The makers of the dogecoin memes and movies now have pride in ownership, and a crypto coin added into the mix. For better or worse, the majority of dogecoin enthusiasts are young. They remember how to have fun with a thing. It too is a feeling. For what ever reason, I feel it too. When a new piece of artwork comes out, or video, or 3D object, and to tip in this thing that you made in return! In essence making money and giving it away. It's not a whole lot, but it feels great! And then, there are a few of us older kids are revisiting things like, programmable computers and basic all around geeking out with affordable ASIC miners. I might be going out on a limb, but I suspect none of us care for market speculation. The mission is clear. We just mine, collect, share and spend Dogecoins. While we're mentioning speculation, I can't help but look at crypto currency in a broader scale as it stands today. I see erie similarities between the nature of this crypto beast and what was known as the dot com bubble. In any case, there is money to be had. The lesson I take away from the past, is that is is better to be undervalued than overvalued. The survivors of this bubble are Google, Yahoo, Ebay, Amazon, etc.. Each company, in uncharted waters in their own respective way survived. Crypto is sailing the high seas in stormy weather this time around longing for smooth sailing. There is much unseen to be had in the very near future. Global politics are dancing. The US dollar is becoming undesirable as a petrodollar and world currency. Things are in flux. It's been my observation that China has been technically savvy to Bitcoin in particular, purchasing the world supply for months now. Viewed here http://fiatleak.com/ One might not speculate the fiat currency bubble may burst as well, with the formation of BRICS to counter western dominated banking. I'm not a doom-sayer, but I can't help think the people of the United States are in for a world of hurt if the a third of the globe stops buying oil with dollars. Speaking for myself, I enjoy going to /dogecoin to see the excitement of a vibrant community! And then I'll visit the Dogecoin Defense Force subreddit. There is fun, and love and humor this Dogecoin phenomenon has become I have not seen anywhere before. It's become a habit, when I cash in bottles and cans, I buy that much doge.. $5-10. And when I get paid I get stupid excited when the price goes down so my chump change can buy a 30-60,000 doge. It makes no sense to me, but I have a good feeling supporting the effort. It's this writers opinion, that feeling is shared by thousands every day. As the technology advances daily it seems. I can hardly keep up just to write this article. I dare not attempt a technical rapport. I wish there was some solid formula for the success of any new technology. It just seems that everything new becomes illegal, or the least taxable immediately, we have to keep a fast heel toe. It's a difficult task for those of us getting up there in age. It seems the kids just keep being and becoming more brilliant. It is my suspicion, becoming rich is not the foremost thing on their minds. A few of the lucky ones learn, giving is the true wealth. Much love Shibes.
I felt now might be a good time to post this again. ;)
Dogecoin, Crypto Currency and the Looming Financial Bubble. or How I Learned to Stop Worrying and Love Financial Collapse. Journey with me now on a quest to untangle a birds nest of the past and present, in an effort to discern some sort of non-dystopian future for us all! First, let me say I am no expert in any of these fields. In fact I am a television professional who spent a good portion of my quarter century career locked in a small box with no windows. No windows, sans the crap I was editing, and the INTERNETS! Oh, thank you internets. If it weren't for the internets, I might have lost what you folks I think call them "social skills". That said, I am an observer. From social trends, to body language, I am a human sponge of just, stuff. One thing I can guarantee of these observations is, "Humans are Unquantifiable". In advertising, millions, if not billions are spent on massive saturation of icons, logos, jingles, celebrities, cartoon characters, sports stars and supermodels. Manufacturing consent and a willingness to buy. Shopping is a feeling.It surrounds us. It tells us all we need to know, from the fiftly foot, jumbotron billboards to the TV and Radio ads, every second of the day, on the bus, in the elevator, down the hallways, on the backs of men and women, names of people they never will meet, but they buy their clothes. And then there is Kabosu. A Shiba Inu owned by a nice lady in Japan who she takes pictures of her pets and posts on her blog. What made this special? What made it a meme in the first place? You may ask, what is a meme? The long answer to the latter question is, A meme is an image by itself or with words describing complex concepts. An organic process on the internet. In advertising it is forced out, tested, tweaked, rebranded, tested and tweaked again. It's HARD WORK creating an image for a company or product. A good example of how television is going out and the internet is overtaking the old guard. It's difficult and expensive. But for kids these days, it's fun and free. So when Dogecoin happened on the scene in December of 2013, naturally, organically a crypto currency was born. In REVERSE order than it would happen in the business of advertising. The logo represents the product, not the other way around. This brings me to Dogecoin. I recognized right away how this coin now represents we, the creatures of the internets. The makers of the dogecoin memes and movies now have pride in ownership, and a crypto coin added into the mix. For better or worse, the majority of dogecoin enthusiasts are young. They remember how to have fun with a thing. It too is a feeling. For what ever reason, I feel it too. When a new piece of artwork comes out, or video, or 3D object, and to tip in this thing that you made in return! In essence making money and giving it away. It's not a whole lot, but it feels great! And then, there are a few of us older kids are revisiting things like, programmable computers and basic all around geeking out with affordable ASIC miners. I might be going out on a limb, but I suspect none of us care for market speculation. The mission is clear. We just mine, collect, share and spend Dogecoins. While we're mentioning speculation, I can't help but look at crypto currency in a broader scale as it stands today. I see erie similarities between the nature of this crypto beast and what was known as the dot com bubble. In any case, there is money to be had. The lesson I take away from the past, is that is is better to be undervalued than overvalued. The survivors of this bubble are Google, Yahoo, Ebay, Amazon, etc.. Each company, in uncharted waters in their own respective way survived. Crypto is sailing the high seas in stormy weather this time around longing for smooth sailing. There is much unseen to be had in the very near future. Global politics are dancing. The US dollar is becoming undesirable as a petrodollar and world currency. Things are in flux. It's been my observation that China has been technically savvy to Bitcoin in particular, purchasing the world supply for months now. Viewed here http://fiatleak.com/ One might not speculate the fiat currency bubble may burst as well, with the formation of BRICS to counter western dominated banking. I'm not a doom-sayer, but I can't help think the people of the United States are in for a world of hurt if the a third of the globe stops buying oil with dollars. Speaking for myself, I enjoy going to /dogecoin to see the excitement of a vibrant community! And then I'll visit the Dogecoin Defense Force subreddit. There is fun, and love and humor this Dogecoin phenomenon has become I have not seen anywhere before. It's become a habit, when I cash in bottles and cans, I buy that much doge.. $5-10. And when I get paid I get stupid excited when the price goes down so my chump change can buy a 30-60,000 doge. It makes no sense to me, but I have a good feeling supporting the effort. It's this writers opinion, that feeling is shared by thousands every day. As the technology advances daily it seems. I can hardly keep up just to write this article. I dare not attempt a technical rapport. I wish there was some solid formula for the success of any new technology. It just seems that everything new becomes illegal, or the least taxable immediately, we have to keep a fast heel toe. It's a difficult task for those of us getting up there in age. It seems the kids just keep being and becoming more brilliant. It is my suspicion, becoming rich is not the foremost thing on their minds. A few of the lucky ones learn that giving is the true wealth.
Because he ✓ had no other alternative ✓ engaged as a journalist / with a journalist to be careful of how what was released, and ✓ provided an important net overall benefit to the world, I think he should be protected, and we should have ways of protecting people like him. Because we can try to design perfect systems of government, and they will never be perfect, and when they fail, then the whistleblower may be all that saves society.
Yes, I more or less had it nailed down when it comes to the growth curve. I didn't get it completely right --- 25 years ago I was predicting Id be asked to do an AMA on reddit next wek, but it turned out to be this week. Well, we all make mistakes.
I think it is up to us. I'm not guessing, I'm hoping. Yes, I can imagine that all to easily. If ordinary web users are not sufficiently aware of threats and get involved and if necessary take to the streets like for SOPA and PIPA and ACTA. On balance? I am optimistic.
I would suggest to them the DRM question is not that simplistic. People want to watch big movies. DRM is a pain in many ways, but if you have used Netflix or bought a DVD or a bluray, then DRM is part of your life. I agree DRM is a pain in many ways, and should only be used for very "high value" streams. I also would point out that Copyright, DMCA aand CFAA in the US are seriously broken, and need fixing separate from the DRM question. Actually I would get involved with a very long complicated discussion, as I have already with many people. Not sure we have space here. Other points include the the browsers have putt DRM in -- they have to to keep market share -- irrelevant of whether the HTML specs make the connection to the web more standard.
My default browser at the moment is Firefox. I also use Safari, Opera and Chrome each a reasonable amount. Firefox has the Tabulator plugin which does neat things with linked data. If I am running a latest version of that (I check it straight out of github) which can be unstable, I'll use one of the others for things which need to be stable. Joe Presbrey ported the plugin to Chrome too BTW
Complicated question. I am not a great expert on them. Simple answers include of course that illegal things are crimes on or off the web. But anonymity is tricky. We have a right to be anonymous as a whistle-blower or under an oppressive regime but not when we are bullying someone? How can we build technical/social/judicial systems for determining which right is more important in any given case? Relates to tor...
I got a M6800 evaluation kit in 1976, and built a bunch of 3U high cards, put them in a rack with a car battery in the bottom of the crate as UPS. All hand-soldered on veroboard, and programmed in hex. 7E XX XX was a long jump, and 20 XX a relative jump IIRC. The display was an old TV and some logic and a bunch of discarded calculator buttons lovingly relabeled with transfer letters. Those were the days...
Robert didn't invent it. I invented it by myself, and coded it up on a NeXT, but Robert was the first convert to it, and a massive supporter. He got resources together at CERN, helped find students, gave talks. He also later wrote some code for a Mac browser called "Samba". He also put a lot of energy into persuading the CERN directorate that CERN should declare that it would not charge royalties for the WWW, which it did April 1993.
No, not really. The web is a -- primarily neutral -- tool for humanity. When you look at humanity you see the good and the bad, the wonderful and the awful. A powerful tool can be used for good or ill. Things which are really bad are illegal on the web as they are off it. On balance, communication is good think I think: much of the badness comes from misunderstanding.
I think that is a really good question. I don't have the answer off the top of my head. Also think when your vision can be completely surrounded with pixels so small you can't see them, a very powerful interface -- how cna we use that -- and to be creative together, not just watch? Inter-creativity I called it early on. Still don't have it.
I think that it is important to have lots of different ways getting money to creative people on the net. So if we can have micropayment user interfaces which make it easy for me to pay people for stuff they write, play, perform, etc, in small amounts, then I hope that could be a way allowing people to actually make a serious business out of it. Flattr I found an interesting move in that direction.
I think that some monitoring of the net by government agencies is going to be needed to fight crime. We need to invent a new system of checks and balances with unprecedented power to be able to investigate and hold the agencies which do it accountable to the public.
Funny - I don't see how a bill of rights (like the right to connect with whoever you want to) centralizes power. I think is lays the basis for steering laws, and governments are rather centralized things, but rights constrain governments for the benefit of individuals.
Actually it was a lot of cheek (which he has a lot of) for Silvano to suggest that was the first picture on the web. There is no evidence to that effect, apart from that he has got away with it so far. The original NeXT browser would allow you to link HTML files to all kinds of things, movies, images, sounds. (Cool machine, the NeXT) . So people may very early on have put all kinds of things up. I tended to use HTML with talks, with links to diagrams as (typically) postscript. Les Horribles Cernettes were a band where Silvano played and did AV, and the girls in question sang. Silvano is and was a very creative individual in many ways, music, movies, code. etc... and a great spirit (whether or not it really was the first photo!)
Well, what do you think? Crowdsource a bill of rights at the very high level -- values level -- globally, non-nationally, in the first half of this year, and then in the second half of the year in each country make a list of the changes to the national system which will be necessary to implement it? That is plan A I think. See webwewant.org
That show was a lot of fun. Danny Boyle is really nice, working with 15,000 other volunteers was amazing, also being able to be in the stadium and meet other people backstage. Like a massive amateur musical. Just pulled together at the last minute. And I liked it that it was poking fun on the weather and not skipping the downsides of things like the industrial evolution, not all upbeat.
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