coryl

8 ms·

1.
by coryl 9y ago
I doubt that blockchain was invented by a fresh out of school computer science graduate. The breadth and depth of technical complexity (even if just the white paper) that blockchain covers requires time and experience to accumulate.
2.
by coryl 9y ago
Technically they can try, by selling users coin in a fractional reserve model. This is probably already being done by some exchanges. But that's a problem regarding legal regulation.
3.
by coryl 9y ago
The author seems to expect that the changes created by cryptocurrency should be visible immediately. It is a lack of patience, and lack of understanding that changing deeply rooted systems and behaviors takes time. People have never managed
4.
by coryl 9y ago
Buy and hold doesn't have any recurring fees. If you look at the opportunity cost between crypto and any other financial security in the market, its an easy decision.
5.
by coryl 9y ago
Exactly, which is why the safer bet is going long on high market cap coins, not small volume coins where pump and dumps can cause liquidation events.
6.
by coryl 9y ago
If you are short term day trading you're likely to be a victim of pump and dump groups and manipulation. Going long on high market cap coins with a longer timeline is a relatively safer bet.
7.
by coryl 9y ago
I suspect the investment banks that say they're going to stay away will quickly get FOMO and jump in sooner rather than later. Crypto is always in the headlines and will constantly occupy the headspace of trader's colleagues and p
8.
by coryl 9y ago
By peer to peer exchange, you mean an exchange built on blockchain? One exists that I know of (bitshares). I'm sure others are being developed. Turning fiat into crypto is a separate problem of its own. The problems there are legal and
9.
by coryl 9y ago
It probably is a bubble. The problem is when it bursts, we don't know if we'll be in better positions having entered now, or having entered after.
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by coryl 9y ago
You don't use it in individual transactions. It's for wholesale drug operations. Usually drugs go at one time, money comes back another time. Only now instead of cash you could just use a crypto, but figuring out how to liquidate
11.
by coryl 9y ago
I'm using web3 1.0.0-beta.26, ganache-cli 6.0.3 I instantiate the web3 object as such: web3 = new Web3(new Web3.providers.HttpProvider(" http://localhost:8545")); When I try to setup an event listener, console
12.
by coryl 9y ago
You can use a test node called testrpc (now called ganache-cli ???) and connect to that.
13.
by coryl 9y ago
I've also just begun to play with smart contract programming. One problem I'm having is with event listening. It seems that MetaMask doesn't yet support subscriptions, nor does my localhost testRPC instance pass it in the web
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by coryl 9y ago
Why does he need to call you back? Stock market crashes are nothing new. Bitcoins are basically the same thing as stocks in terms of the way they're traded. No one is saying a price crash isn't possible. But it won't be cause
15.
by coryl 9y ago
Ok, so the problem is in the legal arena; the government bans banks from allowing cryptocurrency transactions. This doesn't seem like a fundamental problem due to the structure of Bitcoin or exchanges.
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by coryl 9y ago
So wherein lies the liquidity problem? I deposit USD to an exchange...then use that USD to place a Bitcoin buy order. Then I sell some Bitcoin another buyer on the exchange, who was only able to make this transaction happen because they too
17.
by coryl 9y ago
Fractional reserve systems have fixed maximum supply of currency? According to the Bitcoin protocol, only a maximum of 21m BTC can exist. And that they are created via mining in a predictable schedule. Respectfully, I think you need to revi
18.
by coryl 9y ago
It's not that Syrians distrust the Internet. Its that they distrust their governments and politicians. And possibly their banks. There is already a lack of legal systems and order. You have ISIS roaming around cutting people's hea
19.
by coryl 9y ago
I have a share of AAPL stock. I wish to sell it. I place the sell order with my brokerage, and I get fiat USD deposited into my account. This is exactly how Bitcoin is exchanged. Where exactly lies the fundamental liquidity problem for my b
20.
by coryl 9y ago
In due time. Commercial transactions will occur first, business to business. Consumer applications (like Coinbase) will emerge to support the local population who can use it via smartphone and not need to understand public/private key
21.
Ask HN: How to pass cryptocurrency assets in a will?
11 points by coryl 9y ago|8 comments
22.
by coryl 9y ago
Thanks, although I believe Buffet's general strategy is to buy undervalued businesses for the longer term. I was hoping for day trading strategies.
23.
by coryl 9y ago
Hey, thanks for replying. I am the same person. I'm not really asking how to time buys and sells. I'm asking for models or strategies that traders might use alternatively to graph reading. Ex. event driven strategy (trading on new
24.
by coryl 9y ago
Many investments do not generate income, and the profit is made from the appreciation of the asset (ex. A Da Vinci painting, or gold). You can make a profit off of the mispricing and misjudgment of others. Better knowledge exists in many wa
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Ask HN: Non-technical day trading strategies?
3 points by coryl 9y ago|6 comments
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by coryl 9y ago
I suppose as the saying goes, one man's civil rights activist is another man's racial extortionist.
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by coryl 9y ago
Racial extortion...interesting term, haven't heard that one before.
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by coryl 9y ago
At this price point, the target market probably isn't prioritizing for usefulness / raw utility as a purchasing criteria.
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by coryl 9y ago
There's enough volatility to make it extremely profitable. Coins are going up and down 10-30% for no "real" reasons. https://www.cryptocompare.com/coins/#/usd
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by coryl 9y ago
Do music/entertainment companies even scout anymore? Seems like a redundant role, given music publishing is largely dying out as well.

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