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Registered on:4/13/2015
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re: Fans Have a Job to Do

Posted by SpaceX on 10/23/18 at 9:49 am to
This needs to be kept on the first page.

re: Fans Have a Job to Do

Posted by SpaceX on 10/22/18 at 4:03 pm to
Sticky requested.

Can somebody get this onto the desk of a writer at The Advocate for an article in the sports section next week?

re: Official CryptoTalk Thread

Posted by SpaceX on 7/30/17 at 4:10 pm to
quote:

So im still learning this piece. Whats a good resource to read to understand this logic?


Nothing that I've seen has discussed it at all. Read about CAP theorem to see what I'm talking about with C, A, and P.

re: Official CryptoTalk Thread

Posted by SpaceX on 7/29/17 at 11:06 pm to
quote:

So what's your story? Are you buying any type of coins and which do you like? You seem knowledgeable but very negative on cryptos. I'd appreciate your thoughts on coins you like.


I don't like or dislike anything. Nearly the entire space has turned into scams and pyramid schemes. It's weird how religious people are with preferred bubble de jour.

A few pages back I said that if you can pick the one C-A- winner and the one -A-P winner, then you'll have the two winning protocols.

re: Official CryptoTalk Thread

Posted by SpaceX on 7/28/17 at 11:35 pm to
quote:

ETH is needed to buy other alts. You need it to get shite done and is how new companies will access the blockchain. Buying Veritaseum or SALT (or whatever comes next). This usage will not change except to expand.


So chasing the massive ICO bubble.

quote:

LTC is like 60-1 to BTC. It's role is growing and is affordable to new money. More LTC ATM's are coming and it will be more common to spend in daily life. I can see it getting 4-1 or even 1-1 with BTC. Buy and hold.


Why in the world would LTC, a simple BTC fork, ever achieve parity with BTC? Both protocols will have segwit, both will have payment channels, and LTC will offer absolutely no features that BTC doesn't already have. This LTC speculation is terrifying to see. It offers nothing.

re: Official CryptoTalk Thread

Posted by SpaceX on 7/28/17 at 10:44 pm to
quote:

So what is everyone thinking about ETH these days? Went from everyone's hodl to scary real quick


quote:

I have this same question. Lamboland dreams ended real fast. What changed other than just the price?


Go read about the catastrophic Augur security flaw. Or better yet, take some time to understand the technology behind what ETH is actually trying to accomplish.

re: Official CryptoTalk Thread

Posted by SpaceX on 7/28/17 at 7:30 pm to
quote:

Do you actually get it free? I thought you had to pick which one you wanted like 1 BTC = 1 BTC or 1 BCC


1 BTC turns into 1 BTC and 1 BCC.

Of course the price of both will plummet after a contentious hard fork, so you go from a $2,700 BTC today to a $1,100 BTC and $50 BCC tomorrow. But you get a FREE BCC!!

re: Official CryptoTalk Thread

Posted by SpaceX on 7/28/17 at 3:22 pm to
quote:

It's one of the 3 coins available on coinbase


Terrifying if that is indeed the thought process.

re: Official CryptoTalk Thread

Posted by SpaceX on 7/28/17 at 1:07 pm to
quote:

Heavier in ETH & LTC.


What's the thought process here?

re: Official CryptoTalk Thread

Posted by SpaceX on 7/27/17 at 9:49 pm to
Just store it in your own wallet and you're good to go.

re: Official CryptoTalk Thread

Posted by SpaceX on 7/27/17 at 11:37 am to
quote:

Anyone out there you're betting on now? Who's CAP consitent & Available?


Sorry, I was unclear in what I tried to say. I meant to say that there's room for one CA protocol, and one AP protocol. Every blockchain protocol is CA, by definition.

quote:

Do you not even foresee any point where Ethereum goes back to the 300-400 range?


I'm not good at the short term price thing. It's already been to $400, so I guess there's no reason it can't go to that same level again? People clearly aren't looking at fundamentals. The current "greater fool" trading could take it up to $1000+ for all we know. Classic irrational exuberance over a brand new technology that almost nobody understands.

re: Official CryptoTalk Thread

Posted by SpaceX on 7/26/17 at 10:10 pm to
quote:

What's your latest thoughts on IOTA?


Long road ahead. Not for the speculators looking to turn a quick buck here, not that there's anything wrong with that.

Generally speaking, I think there's room for two distributed ledger protocol winners. One that is synchronous & is strongest in C + A of CAP theorem vs. another that is asynchronous & is strongest in A + P of CAP theorem.

re: Official CryptoTalk Thread

Posted by SpaceX on 7/26/17 at 8:20 pm to
ETH is worthless as a technology right now. It'll take engineering feats the likes of which we've never seen before to make it usable in the real world. And "feats" is plural here...

re: Official CryptoTalk Thread

Posted by SpaceX on 6/15/17 at 11:21 am to
quote:

I read today that Iota is a pump and dump though.


:lol:

The misinformation is amazing right now. Take advantage.

Not saying it's going up or down from here, but just realize that almost nobody understands the technology yet.

re: Official CryptoTalk Thread

Posted by SpaceX on 6/13/17 at 2:28 pm to
That's for the traders to decide.

re: Official CryptoTalk Thread

Posted by SpaceX on 6/13/17 at 2:20 pm to
quote:

So answer this if you can. Am I correct that now with IOTA there are two competing similar processes?

1. Etherium which is blockchain and has fees associated with it (Ether)
2. IOTA which is NOT blockchain but a different system called Tangles and it has ZERO fees associated with it.


ETH does smart contracts and aims to be the world computer. IOTA will just be the settlement layer for everything (potentially a universal currency and data transfer layer). Still things on the roadmap that may more directly compete with ETH though.

re: Official CryptoTalk Thread

Posted by SpaceX on 6/13/17 at 9:47 am to
quote:

Can you give me a quick primer on Iota?


Here's the best rundown on the basics.

It sounds too good to be true when presented in an advertise-y way (zero fees, infinitely scalable, quantum proof, etc.), but if you look into it you can see how it actually works. The whitepaper isn't outstanding, but the math checks out according to some of the PhDs who have been hanging around the project.

Snapshotting (pruning the ledger history) will be a huge innovation that reduces the storage needs of full nodes. Partition tolerance will allow for private tangles. Offline (blue tooth, rf, etc.) will let any tiny device participate in the network at any time.

ETA: The entire rest of my write up got cut off apparently, and I'm not retyping it. tl;dr huge corporate collabs, big tech innovations in hardware (Jinn), and almost nobody knows about it right now.

re: Official CryptoTalk Thread

Posted by SpaceX on 6/13/17 at 9:29 am to
quote:

So 1 B mkt cap?


Yep

quote:

I picked up about 500 shares, I will just hold it until it really takes off or isn't worth anything. Not much downside to worry about.


That's the play. Set it and forget it.

re: Official CryptoTalk Thread

Posted by SpaceX on 6/13/17 at 9:00 am to
It's trading almost exactly where it's been OTC for the past few weeks. That's weeks of support around the .150 to .200 range, so maybe just wait and hope for a downward break?