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4601  Bitcoin / Bitcoin Discussion / Re: Scary tweet I've just read! on: June 13, 2017, 04:48:55 AM
I've never seen large bitcoin collider nor anyone else document their attempts to break private keys in a way that is legitimate. At least not legitimate in my humble & amateur opinion.  Smiley They don't mention the number of keys they generate over a set period of time to give an indication of how long it might take to break a single key. If brute forcing keys were an issue, core might be forced implement a lockout if a number of transaction attempts failed due to bad keys. AFAIK that's not a difficult fix which could confirm its not an issue.
4602  Economy / Gambling discussion / Re: UFC FN 111: Holm vs Correia Info and Prediction Thread on: June 13, 2017, 04:13:54 AM
- Jonathan Meunier was expected to face Li Jingliang at the event. However, Meunier's removal from the card was announced on June 6 due to an alleged injury and was replaced by promotional newcomer Frank Camacho on June 6.

Too bad Jonathan Meunier "The French Spider" isn't fighting. He has an exciting style & is fun to watch.

I wish Rafael Dos Anjos was fighting Colby Covington. That would be a better match up. Covington is up there with Demian Maia and Kamaru Usman as being one of the best wrestler/grapplers at 170. Dong Hyun Kim is also very good at wrestling/grappling.

Not certain if Andrei Arlovski should be that big of an underdog. Marcin Tybura has some wins but I can't remember him ever fighting anyone nearly as good as Arlovski.
4603  Economy / Economics / Re: could bitcoin be replaced by another crypto currency? on: June 12, 2017, 06:56:52 AM
Whenever there is a big need for something, like there may be a need for a crypto currency that is better structured for making loans with better transaction speed or better protection against spam transactions, there is usually a big opportunity that goes along with those needs. Crypto is no different in that regard.

All great inventions fulfill some basic human need.
4604  Economy / Speculation / Re: Bitcoin heading to $4,000 on: June 12, 2017, 06:47:09 AM
$4k seems attainable.

If the european union sustains significant bad news or the united states amasses more debt, btc could go higher than $4k on increased demand from people seeking ways to protect their wealth against fiat devaluation(fiat bubble).
4605  Economy / Gambling discussion / Re: Open AI Gambling Bot/Discussion on: June 12, 2017, 06:38:29 AM
AI as it exists in this day and age, works best in deterministic areas where all data affecting the outcome of an event can be quantified, measured and defined to some degree.

An AI neural net trained to be good at an atari game where all in-game variables can be measured is very different from skill at trading stocks or poker.

In a video game, all variables can be measured & quantified. Simple atari games essentially execute in a digital sandbox.

With poker and stock markets there are many factors and variables which are immeasurable & unquantifiable.

Attempting to predict poker or stock markets is partially non-deterministic similar to predicting the outcome of the superbowl or a sports event.

AI and computers can measure deterministic variables like wind speed, temperature, points scored, accuracy %.

But when people are involved and there are variables like attempting to measure the size of someone's heart, the human spirit, determination, will, the potential for people to make good or bad decisions, imagination. It can be extremely difficult for an AI to measure those things which would contribute to it lacking accuracy.

For an AI to be good at poker or stock markets would require a quantum leap in AI technology.
4606  Economy / Gambling discussion / Re: CAVS VS GSW on: June 12, 2017, 06:29:49 AM
I'm expecting golden state to win with the shift back to their home court and them possibly having an advantage.

On the flip side, I could see the cavs winning on any momentum they might have gained in the last game.

I'm going with golden state though. All 3 of the cavs best players needed to play spectacularly well for them to win the last game. I don't think the cavs will be able to play that way in every game.
4607  Economy / Economics / Re: Looking for ideas to invest on: June 12, 2017, 06:19:59 AM
Places OP might want to look are penny stocks, IPO's, angel investing, venture capitalism, kickstarter, patreon, gofundme.

Most of the start up infrastructure is built around fiat. I don't know that there are a lot of crypto offerings that allow someone to monetize and invest in start ups given crypto not being the best suited for making loans, etc.
4608  Economy / Economics / Re: Will third world country hold their foreign reserve in bitcoin against Dollar? on: June 11, 2017, 08:51:46 PM
I don't know if crypto is suitable for state reserve currencies. Governments typically prefer currencies they have direct control over.

Where crypto is useful is ensuring the average person can maintain the value of their wealth if hyperinflation occurs, contributing towards less suffering over the long term for everyone, both rich and poor.

Its an integral part of the economic debate which claims a strong middle class is necessary for a good economy which many have said is one thing china lacks and needs.
4609  Economy / Economics / Re: volatility and transaction fees... on: June 11, 2017, 08:46:49 PM
In the humble united states, americans pay much more in gas taxes, alcohol/tobacco excise taxes, sales taxes, road taxes, telecommunications taxes & other assorted taxes to make bitcoin transaction fees appear small in comparison.

In that sense, paying the bitcoin transaction tax feels more like a privilege than theft. At least transaction fees are being used for something I believe in.
4610  Economy / Economics / Re: Using economics to secure a blockchain on: June 11, 2017, 08:43:39 PM
Many accounts with less than 10 posts being ambitious with their observations of crypto these days.

It makes me wonder if this is what crypto subreddits are like. Those with limited experience making grandiose & extravagant claims?

So much doom and gloom from them. I wonder why?
4611  Economy / Marketplace / Re: Decentralized products do not worth (yet)? on: June 11, 2017, 08:38:15 PM
Projects they have no experience with mean risk to them. So, I understand that they prefer a solution, which is closer to their traditional solution. But sometimes you, who see potential in decentralized systems, have an idea and would like to ask their support. In that case, you should find the common language with them somehow.

Computers being such specialized fields, common ground may not be easy to come across.

What paradigm could a software engineer use to analogize decentralized vs centralized systems?

The only things that come to mind are bittorrent which is non standard in its distributed model.

Maybe centralized monolithic kernel OS designs versus more decentralized micro kernel designs?

Its not that easy to illustrate a comparison between centralized and decentralized software paradigms in a way that anyone with a basic degree would understand it?  
4612  Economy / Gambling discussion / Re: UFC FN 110: Lewis vs Hunt Info and Prediction Thread on: June 11, 2017, 08:29:45 PM
The problem remains that it is hard to catch the cheaters,no one would have believed Lance Armstrong was a serial cheater until it was revealed and that was the case with all the athletes involved in the BALCO scandal,one thing is sure that the Reem lost a lot of muscle after the introduction of USADA and the food you mentioned have a level of increase and on testing only drastic change will be noted,which is not normal.
As expected Hunt knocked out Lewis as his weakness of not having a gas tank to last four rounds was evident in the fight.

Reem lost muscle due to him moving to train out of greg jackson's gym & that gym not being a big believer in lifting weights.?

Look at Overeem's progression over time:



He doesn't look natural at all on the final pics. Too heavy and too conditioned, can't be both at the same time without steroids. I just can't believe he was natural.

His current physique looks like someone who lifts, but could be free of steroids, but who knows.

His gains aren't that impressive. He's a professional athlete. His job is to lift weights, use supplements and eat the healthiest things he can find.

Overeem's bulking up is impressive for people who lift weights once or twice a month & are too busy working to train much.

Jon Jones gains were about as impressive and he did it after USADA went into effect.

4613  Economy / Marketplace / Re: Decentralized products do not worth (yet)? on: June 10, 2017, 10:48:55 PM
Probably the most obvious example of a decentralized service I can think of is bittorrent with its distributed networking model.

There are disadvantages & advantages as anyone who has used bittorrent knows.

Distributed networking and decentralized software paradigms may be non standard somewhat esoteric areas most software engineers and IT workers have little or no knowledge in.

Its probably not fair to ask them that question, unless they're involved with blockchain they likely have no knowledge or experience with decentralized systems.
4614  Bitcoin / Bitcoin Discussion / Re: How long will the big crypto rise last? What will happen to us after that? on: June 10, 2017, 10:42:01 PM
If a day comes when the US dollar or euro hyperinflate, demand for crypto could go through the roof.

One neglected area of crypto valuation is a "safe haven" of wealth storage for those concerned with nations attempting to spend and tax their way out of debt.

The way this works in practice is, Warren Buffett is worth $72 billion dollars.

If the value of the us dollar decreases by half, Warren Buffett might only be worth $36 billion dollars(if he were holding all his wealth in usd).

Not every wealthy person holds wealth in usd but the fact of the matter is many wealthy people and corporations do have usd stockpiles.

The wealthy and large corporations of the world, the people of the world, need ways to protect their wealth from the ravages of currency devaluation and hyperinflation.

A case could be made for bitcoin and crypto being the best method ever invented to achieve this.

It might be accurate to say: the larger the accumulated deficit and debt of nations becomes, the better and more attractive bitcoin and crypto will appear.

People are looking for an end to btc's price growth. What they're seeing could be the tip of the iceberg.
4615  Economy / Economics / Re: Will third world country hold their foreign reserve in bitcoin against Dollar? on: June 10, 2017, 10:33:21 PM
To a degree one might say iceland experimented with this concept via introducing aurora coin.

Russia too could be experimenting with this with their announced plans of creating a national crypto currency.

One might say: it is already happening.

Most nations are getting into crypto, except for the united states which appears determined to dwell in the currency dark ages forever.

As america is the "best country in the whole world" and thus is exempt from keeping up with emerging technologies or innovations.
4616  Economy / Gambling discussion / Re: UFC FN 110: Lewis vs Hunt Info and Prediction Thread on: June 10, 2017, 10:26:01 PM
To my knowledge, wasn't Overeem caught with testosterone or something? He just didn't look natural. The way he bulked in a few years was too impressive, and too cut. It's not like he was wearing extra fat to make the cut, he was all muscle, like a bodybuilder. That look specially in a tall guy is very hard to achieve naturally.

After his comeback he looks more natural but you never know because steroids are very addictive.

Its tough to know if someone is using steroids by their physical appearance.

James Toney(from boxing) and Josh Barnett aren't cut and both tested positive for steroids in their careers.

Its much easier for professional fighters and athletes to develop good physiques they get paid to lift weights & eat healthy food as their profession.

Overeem did test positive for elevated testosterone. Then I think he quit lifting weights when he moved to train out of greg jackson's gym and has gotten smaller since.

I couldn't say whether Reem or anyone else uses steroids with 100% certainty.

To be honest I don't even know how accurate the testosterone test is, there are natural foods that boost or lower testosterone levels. One example of a food that could lower testosterone is soy sauce.

Examples of foods that might boost testosterone:

  • Pomegranate.
  • Olive Oil.
  • Oysters.
  • Coconut.
  • Cruciferous Vegetables.
  • Whey Protein.
  • Garlic.

Etcetera.
4617  Economy / Gambling discussion / Re: UFC 212: Aldo vs Holloway Info and Prediction Thread on: June 10, 2017, 06:35:29 PM
Boxing has a very long legendary history as a sport. Give UFC some time. In a couple of decades it will be a more established sport with big paydays. It looks like all the kids are getting into MMA, so I would say MMA interest is growing more than boxing and at the end of the day all of these kids are the future UFC ticket buyers. In a couple of generations MMA will be consistently making more numbers than boxing, even tho I like boxing more but that's how it is.

Exactly.

Some UFC events have an attendance of 5,000.

NFL/NBA/soccer and other pro level sports have attendance of 75,000 - 100,000.

MMA fighters aren't paid as much as other athletes as MMA itself isn't as big or established.
4618  Economy / Economics / Re: Think about this: Is crypto a bubble.... or is fiat a bubble ? on: June 09, 2017, 10:53:18 PM
Fiat is just a means of control, it's good to see you know this. It's meaningless paper that is given to you in exchange for your work; it has no real value beyond what the government says. If the entire system collapsed tomorrow then there would be a grand total of zero ways to get your work value back.
"Industrial Society and its Future" is an interesting read. In a way I hope it all comes crashing down so we can get some meaning in our lives again instead of the drones the governments encourage us to be.
It might have all been a mistake.

Correct.   Wink

We all know that cryptocurrency is a bubble not the fiat since it backed by the government and they won't let their currency being volatile like crypto.

If a government defaults on its debt, as has happened numerous times in history, it doesn't matter what the government does

They could not prevent fiat from crashing anymore than they were successful in preventing the economic collapse of 2008.

Governments are not immune to effects of basic market mechanics & economics as the fall of the USSR as a superpower proved.
4619  Economy / Economics / Re: Think about this: Is crypto a bubble.... or is fiat a bubble ? on: June 09, 2017, 09:40:39 PM
The concept of fiat being a bubble is linked to the deficit and what happens historically when governments default on debt.

If the united states defaults, hyperinflation will occur and the value of the dollar will plummet through the floor.

In that happens, it may be fair to say: fiat is a bubble.

This could be reflected in japan, australia, russia, china & many other foreign countries abandoning the dollar as a reserve currency while embracing bitcoin & crypto instead.

Foreign powers embracing crypto while ridding themselves of dollars they were holding could be considered evidence: fiat is a bubble.

Like Leonardo Decaprio and Kate Winslet fleeing the titanic, everyone abandons the sinking fiat ship before it sinks.
4620  Economy / Gambling discussion / Re: NBA FINALS (Golden State Warriors vs Cleveland Cavaliers) GAME 4!!! on: June 09, 2017, 09:29:48 PM
Anyone have a prediction for tonight's game?   

Will LeBron and the cavs win 1 game before the end?

Or will people discuss how Durant joining the warriors ruined basketball?

 Cheesy

The cavs must be under a lot of pressure not to lose.


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