flowctrl

5 ms·

1.
by flowctrl 4y ago
Because bitcoin is money, and shitcoins are not.
2.
by flowctrl 4y ago
The network effect, the Lindy effect, and the Schelling point. If you wanted to learn about these concepts, what is the first thing you would do? :P
3.
by flowctrl 5y ago
How is this newsworthy and why is it on the front page of HN?
4.
by flowctrl 6y ago
Fuck that. So many better things to do or think about on your time off. Read a good book. Climb a mountain. Hang out with friends/family. You know, live .
5.
by flowctrl 8y ago
cough Bitcoin! cough
6.
by flowctrl 8y ago
Another positive step in the demise of the traditional banking system.
7.
by flowctrl 9y ago
Here you go. This chart breaks down the differences between Pyramid schemes, Ponzi schemes, and open public cryptocurrencies such as Bitcoin. By "open public" I mean that there is no central authority or organization. Bitcoin is a
8.
by flowctrl 9y ago
The second half is important too: that the expected profits are from the efforts of the promoter . In other words if a company is doing work of some kind, and they are selling a token on the basis that it will go up in value due to the wo
9.
by flowctrl 9y ago
Except it doesn't depend on any particular means of communication. You can print out Bitcoin on paper and physically trade it. You can embed it in an image and trade that. You can physically scan QR codes on each others phones to trans
10.
by flowctrl 9y ago
A lot of people on this thread are conflating Bitcoin and other cryptocurrencies for what the SEC is talking about in this statement: tokens that are acting as securities. They do not mean Bitcoin and similar tokens (ETH, LTC, ADA, NEO, etc
11.
by flowctrl 9y ago
I will trust my accountant; he is after all, on the hook for how it is reported. Thanks for posting the links! Taxtips.ca is not an official source, and note they use a ton of "may" be this and "might" be that. I will ig
12.
by flowctrl 9y ago
The USA is taxing every trade. In Canada (according to my accountant, at least), cryptocurrency gains are only taxable when "realized" by selling into fiat (capital gains), or spending on goods and services (income). Until that po
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by flowctrl 9y ago
Another new year, another market correction. https://twitter.com/cryptozerp/status/953324474077769728 Good time to go shopping!
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by flowctrl 9y ago
Yes theres that, but BTC being overvalued doesn't explain the entire market dip that we are seeing now. However, it is consistent with Bitcoin's historical pattern: https://twitter.com/cryptozerp/status/9
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by flowctrl 9y ago
The Lightning Network, coming soon to Bitcoin, will solve the performance & fee problems too. Stability will come with increased liquidity.
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by flowctrl 9y ago
A confluence of factors: 1. China cracking down harder: https://www.nytimes.com/reuters/2018/01/16/business/16reuter... 2. South Korea cut off access to banks by cryptocurrency exchanges in December
17.
by flowctrl 9y ago
> but imagine I buy an apple from Whole Foods and pay with Bitcoin. Now I know what account they use An application like this would use a new address for every transaction, and never use it again. There are desktop software wallets that
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by flowctrl 9y ago
> So, if it can’t be used as a currency to buy anything, and when you “invest” in it you’re not having any ownership in a company, what is it truly worth? What is a fake coin in your electronic wallet truly worth? What is SeekingAlpha.co
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by flowctrl 9y ago
The Civil project looks more feasible, as it actually pays investigative journalists for their work, while at the same time providing feedback/scoring for accuracy. https://joincivil.com/
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by flowctrl 9y ago
This is silly: "Comparing Bitcoin’s energy consumption to other payment systems To put the energy consumed by the Bitcoin network into perspective we can compare it to another payment system like VISA for example. Even though the avail
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by flowctrl 9y ago
> PoS still doesn't exist in the real world, as far as I know. * BitShares and Steemit both use it, and I believe the forthcoming EOS network will as well. See https://bitshares.org/technology/delegated-proof-of
22.
by flowctrl 9y ago
- There are newer blockchain dApp platforms that are WAY faster than Ethereum (i.e. EOS, Quantum...) - Proof of Work isn't the only consensus algorithm, there are ones with lower computational costs, such as Proof of Stake - See IPFS,
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by flowctrl 9y ago
Note that the Chinese government also demanded DVDs of all transaction records at the exchanges. This means that the Chinese citizens who moved their Bitcoin off of the exchange will have to answer to the bean counters. How could a clever C
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by flowctrl 9y ago
Hate speech is a special category of speech, and is treated as such in the legal systems of many countries ( https://en.wikipedia.org/wiki/Hate_speech ). It has and does lead to violence toward the groups to which the ha
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by flowctrl 9y ago
SEEKING WORK - REMOTE - Ruby on Rails Developer - Canada Open to remote Ruby on Rails development work with awesome people, making software that helps to make the world a better place. Based out of the Canadian Rockies (Banff, AB -0600). I&
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by flowctrl 11y ago
freelancer.com is a similar, race-to-the-bottom type of system.
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by flowctrl 11y ago
The press around this experiment uses misleading language that leads people like Deepak Chopra to think that we create reality through consciousness. It has nothing to do with consciousness. This article explains it: http://thene
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by flowctrl 14y ago
How Hacker News Completely Crashed My Webserver