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3241  Alternate cryptocurrencies / Altcoin Discussion / Re: Now is the best time on: April 24, 2020, 08:17:05 AM
People are looking for Job online but not to invest

This is the essence of it. The pandemic is accelerating the adoption of online commerce and remote working. It is increasing digital adoption everywhere. But at the same times, economies across the world are in real trouble. Many people have lost their jobs, many others are on reduced pay. People are not looking to invest in new projects right now, indeed they havebeen pulling money out of investments - part of the reason for the crypto price drops since this thing started.
3242  Other / Politics & Society / Re: Knowing how the bailouts and direct cash payments affect the money supply on: April 24, 2020, 07:49:51 AM
i think its better to do this trickle up economics than trickle down.

Definitely. Money always ends up in the hands of the rich. Better to give it to the poor first and let it work its way through the economy, rather than giving it to the rich directly.

'Trickle down' is absurd and obscene. It did actually begin as a joke:

Quote
Humorist Will Rogers jokingly advised in a column in 1932:
This election was lost four and six years ago, not this year. They [Republicans] didn’t start thinking of the old common fellow till just as they started out on the election tour. The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickles down. Put it uphill and let it go and it will reach the driest little spot. But he didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow's hands. They saved the big banks, but the little ones went up the flue.
https://en.wikipedia.org/wiki/Trickle-down_economics
3243  Other / Politics & Society / Re: Social distancing is wrong word... on: April 24, 2020, 07:35:23 AM
I think social distancing is a more accurate phrase than bodily distancing - because it only applies in a social context, i.e. with people outside your immediate 'isolation group'.
There is probably an element of manipulation in naming it this way. They want to mentally reinforce in us the idea that this is a social restriction.
I am kind of surprised actually that they haven't branded it 'patriotic distancing' or similar... that sort of naming convention usually works wonders in ensuring compliance...

3244  Bitcoin / Bitcoin Discussion / Re: What happend..... on: April 23, 2020, 02:24:52 PM
When I got into Bitcoin in 2013, this was the true new wild west so to speak. So what happend in the last 5-6 years?

It got more popular. Prices increased.

As the money in anything grows, it becomes more visible and more of a concern to governments and regulatory authorities. If a thing is small in dollar terms, then it is inconsequential to a government, and is ignored. When it gets bigger, and particularly when it impacts other people and other businesses, then the authorities step in. Crypto has a lot of rock-solid use-cases. It will continue to get bigger, continue to move towards the mainstream, and continue on the path to regulation and integration into 'normal' society.

If I have a couple of chickens in my garden and set up a stall in front of my house selling 6 eggs a week for $1, then the government couldn't care less that I'm making $1 profit and paying zero tax on it. If I scale up and have 10,000 chickens, build a shop in front of my house and start employing staff to sell the eggs, then the authorities take an interest. Same with anything.
3245  Other / Meta / Re: Can we trust user that spread false and dangerous news on COVID19? on: April 23, 2020, 10:42:08 AM
Who might "they" be that are spreading misinformation on this forum?  Examples to back up your assertions would be appreciated too.

Just have a look at the first couple of pages of Politics and Society. Plenty of examples there.

But as I (and others) said above, there is a distinction between someone who genuinely believes this stuff (which is fine) and those who are trying to cause trouble/scam (which isn't).
Most of these arguably fall into the former group. Personally I am happy to debate with people who I think have crazy views, although at times it can be frustrating - probably for them as well as for me.
3246  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Ethereum be taking 1st place in 2020? on: April 23, 2020, 10:37:31 AM
Will Ethereum be taking 1st place in 2020?
What do you think we can expect to see for the rest of the year?

The chances of ETH overtaking BTC must be so low as to effectively be zero.
I do think that all coins will recover in price as we come out of the initial shock of CV-19.  On top of this, ETH is likely to outperform most other alts (but not necessarily BTC) as it has such good development (and the move to hybrid PoS), as well as solid use case.
So at the end of 2020 I would tentatively suggest a much higher ETH price, but still well below the ATH. But BTC would remain #1 in cap by some considerable distance.
3247  Other / Meta / Re: Can we trust user that spread false and dangerous news on COVID19? on: April 23, 2020, 09:44:59 AM
I have noticed that there are some people who continuously and arbitrarily disseminate false information about COVID19 here on Forum.
I wonder, can we trust these people who continually spread false and dangerous news by rejecting any logical explanation?

It is certainly the case that a lot of false information is spread about the virus on here. However, the question of intent is important. We need to distinguish between trolls and people who genuinely believe this stuff. For example some people do really believe that 5G masts cause (or may cause) the virus. This may be unsubstantiated, it may fly in the face of evidence and science, but still, some people believe it. Doesn't mean that we shouldn't trust them, just that we should be wary of accepting their claims. But then this is true no matter who is making a claim and on whatever subject. Truth is determined through data, evidence, and reproducible experimental results.

Blatant trolling and spreading of misinformation in order to create fear, panic etc is a different matter and these people should not be trusted. Sometimes it is easy to identify these people, sometimes not.
3248  Alternate cryptocurrencies / Speculation (Altcoins) / Re: TOP 20 BEST CRYPTOCURRENCIES TO BUY IN 2020 on: April 23, 2020, 07:56:05 AM
OP, you need some justification for those choices, really.
Bitcoin yes, it's the biggest coin and any upwards price movements normally start with BTC. As we come out of a dip, it is usually BTC leading the way, so it makes sense to buy now.
ETH too. We have 2.0 coming up, and development and use case are very strong. ETH and BTC are both well-established coins and are top in marketcap on merit.

For the others in your list though, they may be good choices, they may not, but you really need to explain why.
3249  Other / Politics & Society / Re: Patent number 060606 - Humans As Cryptocurrency Miners on: April 22, 2020, 02:25:55 PM
Quote
SUMMARY

[0005] Some exemplary embodiments of the present disclosure may use human body activity associated with a task provided to a user as a solution to“mining” challenges in cryptocurrency systems. For example, a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process. Instead of massive computation work required by some conventional cryptocurrency systems, data generated based on the body activity of the user can be a proof-of-work, and therefore, a user can solve the computationally difficult problem unconsciously. Accordingly, certain exemplary embodiments of the present disclosure may reduce computational energy for the mining process as well as make the mining process faster.

You do what we want. We monitor your brain or your body to confirm that you've done it. Then we pay you.

This really does sound appalling. Total surveillance, using crypto as a lure. And apparently it's 'good' because it's not as resource-intensive as PoW...
3250  Economy / Speculation / Re: Is Covid-19 a cause for BTC price drops? on: April 22, 2020, 09:42:18 AM
you are missing the fact that bitcoin is not an asset, it is a currency. and majority of those who have chosen to convert their fiat to bitcoin have done it to either escape the tyranny of centralized powers or because they know this decentralized currency is independent of any other markets.

I would say that bitcoin has the potential to be a currency (and indeed a safe-haven store-of-value); this may have been the original vision but that vision is not currently realised. At the moment in its development the markets are comparatively thin and regulation is loose. This inevitably causes volatility, which leads to further speculation, and so bitcoin is treated largely as a highly speculative asset. Many people currently buy bitcoin as a high-risk high-reward gamble, they put money in when times are good and it is the first place that money is withdrawn from when a global pandemic hits. Hence the big drop because of Covid-19.

3251  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH hits $160, after a +11% gainer in the last 24 hours on: April 22, 2020, 07:55:44 AM
CV-19 hit the traditional markets hard, and hit crypto hard too. I think we can be confident that once we come out of this, all of crypto will bounce back. But ETH does look too low not just against fiat but against other coins as well. Percentage increases at the moment may be quite misleading as it is against such a low base... but I am very confident that ETH, particularly with the move towards 2.0, can recover very strongly. Current prices are not much more than 10% of the ATH. And whilst 2017 was a bit overheated, the fact remains that ETH has a tremendously strong use case, and has been battle-tested in a way that most other cryptos have not.
3252  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Ripple Ready for its Annual Rally? on: April 22, 2020, 07:41:25 AM
XRP is a corporate coin

I fully understand why people dislike XRP. As a Ripple product it is indeed very different to almost everything else in crypto. But we all want crypto to be successful, which means much more widespread use, we want crypto to supplant fiat and become a part of everyday life. As a part of this process, crypto will inevitably become 'legitimised'. As the money increases and users increase, laws and regulations will appear. This is the path that crypto is on. Yes, XRP's main use case is as an international banking coin - but XRP remains arguably the best (certainly one of the best) route for crypto to achieve integration with the mainstream.

Success for XRP can also lead to success for Bitcoin, Ethereum and so on.
3253  Other / Politics & Society / Re: ALL EYES ON SWEDEN on: April 21, 2020, 02:02:10 PM
Is Sweden throwing caution to the wind and ignoring social distancing or are they being reasonable during the pandemic? The HighWire went to Sweden to get to the truth.

The first one. They are valuing economic health above physical health. Doesn't fit my definition of reasonable.

Anger in Sweden as elderly pay the price for Coronavirus strategy

The values below comparing Sweden to its Nordic neighbours are a week old, but still illustrate the point:

Quote
As of today [14 Apr], over 1,000 Swedes have died from Covid-19, an increase of 114 deaths on the previous day's figure and around 11,440 have been infected, out of a population of 10 million.

Denmark (population 5.6 million) has seen 300 deaths and 6,500 cases,
Norway (5.3 million) has seen a death toll of 140 with 6,600 cases,
Finland (5.5 million) has been relatively unscathed with 64 deaths and just 3,000 cases.
https://www.rte.ie/news/2020/0414/1130498-sweden-approach-coronavirus/

... so Swedish death rate (per head of population) is roughly 2x Denmark's, 4x Norway's and 8x Finland's.

3254  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Ripple Ready for its Annual Rally? on: April 21, 2020, 10:26:33 AM
all i know is that xrp is a short name for ripple

As stated above, Ripple is the company. XRP is a token produced by Ripple the company. This is a quite important distinction, because if you read some news that 'Ripple has done x', then that may or may not have any relevance to XRP.

From their website:
3255  Bitcoin / Development & Technical Discussion / Re: I don't believe Quantum Computing will ever threaten Bitcoin on: April 20, 2020, 10:43:05 AM
There has been another recent advance in quantum computing, which may be an important step towards the development of large scale QCs.

The QCs developed thus far have to work at very low temperatures in order to keep the energy of the system low enough that the qubits remain stable. Very low temperatures, which means close to absolute zero. In practice this means below about 0.1K, or within a tenth of a degree of absolute zero.

A paper last year outlined how in theory this minimum working temperature could be raised to around 1.5 Kelvin. Still absurdly cold, but in relative terms this is a huge jump up from 0.1K. This is a quantum-dot-based system, and the mechanism by which they can work with the higher temperature is by isolating the quantum dots and then using magnetically-controlled electron quantum tunnelling to read the qubit state. (As an interesting aside, it is the phenomenon of quantum tunnelling that sets a barrier to the size reduction of traditional processors, which could end Moore's Law.)

Why does a change from 0.1k to 1.5K mean a big reduction in the difficulty of producing large scale QCs? Well, each time you make the machine bigger, and more powerful, each time you add more qubits, you are introducing extra energy, higher temperatures, which means even more cooling is required. There is a several orders-of-magnitude difference in the dollar cost between cooling to 1.5K and cooling to 0.1K. As one of the paper's authors stated: "This [1.5K] is still very cold, but is a temperature that can be achieved using just a few thousand dollars' worth of refrigeration, rather than the millions of dollars needed to cool chips to 0.1 Kelvin."

So this was the theory, an increase in workable temperature for QCs from 0.1K, up x15 to 1.5K. The big advancement is that this theory has now been experimentally verified, by the team at Delft that I've mentioned in previous posts.
3256  Other / Politics & Society / Re: Post Your Favorite Trump Memes Here on: April 20, 2020, 08:14:51 AM
I was thinking there's just no way that nutjob, reality tv star wannabe was gonna get elected Governor...

.....Then again, look who got elected potus....

It does make you wonder, doesn't it? Is Trump just Tiger Joe but with more money? If they had been swapped at birth, would TJ now be potus?

Edit: Just when you think that reality can't get any more absurd, I've just seen that none other than OJ Simpson has waded into the Tiger King debate, accusing someone of murdering their spouse. We are so far beyond satire now.
3257  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH hits $160, after a +11% gainer in the last 24 hours on: April 20, 2020, 07:56:41 AM
+11% gainer in the last 24 hours hitting $160.

The problem with percentage increases is that they are relative. If a coin drops 50% then rises 50%, it doesn't return to its original value, it returns to 75% of that value.
Example: ETH is $100, drops 50% to $50, then increase 50% to... $75.
What I'm saying really is that 11% of current prices is nothing, it's not a big move, particularly in relation to the ATH for the coin, but it is also low in relation to the pre-Coronavirus values. We're talking about a price rise of about $10, that's all.
3258  Other / Politics & Society / Re: Trump Threatens to Cut US Contribution to WHO. on: April 20, 2020, 07:26:28 AM
WHO is not an authority with power to slap a country into action/inaction. it is only an advisory service
if america/uk didnt want to take the advice until march. thats americas/uk's fault/choice.

Exactly. I've been agreeing with you a lot recently!

Trump is pathologically unable to accept any responsibility for anything. You'd think, as president, he might feel like taking responsibility is actually a part of his job. Apparently not.
Compare and contrast with previous incumbents.

3259  Economy / Economics / Re: The Coronavirus and A Deflationary Crisis on: April 19, 2020, 07:11:17 PM
i've been hearing about the specter of asteroid mining my whole life. i'll believe that when i see it.

I'll concede the point, it likely is many years away. Similar to commercial fusion reactors in that sense.

But I do think we'll see it once the economics make it worthwhile. Things are moving in that direction. Easily mineable precious metals here are diminishing, and this will drive up cost of extraction. At the same time we are now seeing commercial involvement in the space industry, with some quite rapid development. The potential rewards from asteroids are - sorry - astronomical. Once the cost of getting at them and returning to Earth ceases to be prohibitive, then asteroid mining becomes inevitable. But yes, likely some way away yet.
3260  Other / Politics & Society / Re: Sports during lockdown on: April 18, 2020, 10:47:23 PM
suppose that should make me laugh but it's not even I'm trying

Exactly this. Not funny. OP, please delete or lock this garbage.

Bob Odenkirk just retweeted the Dog Racing one, so I'm preferring Saul Goodman to you as an arbiter of quality :p
jk - everyone is entitled to their own personal taste.



even if it's wrong
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