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TheGreatPython
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December 14, 2022, 03:36:52 PM
 #21

The pursuit of machine learning or big data is for making a living or anything else ? If it is for money, I guess the process of being an expert and making profts is not short either, only if you meet the right mentor to learn from. To be honest, I see crypto industry very muck like financial or relative industries because all they do is deal with trading and numbers, they or we don't produce anything or value. It's just a game of numbers. What is productive or can be seen as productive is purely about making food or machines that enable people to see as tangibles. To make great money out of financial and crypto industries alike ? Don't have to be many times, just once is enough. Always live within our means and focus on what we do. I guess this mentality works better than what you do and how much you make.
We are talking about businesses here so yes it's for a living but if you want to, it can also be a good hobby. To become an expert is not easy but it will take a long time of learning and trials & errors even with a good mentor. Cryptos are currencies so yeah they are still part of the financial industry.

It's a game of numbers but there is a value in here which is why we can produce a profit. Being productive doesn't always mean about creating a product but it's about how you move. If you are not lazy and do things accordingly then you can be considered as a productive person. To live within our means seems fine to hear but I think this is boring. How we can grow if we don't push our selves outside our limits?

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December 14, 2022, 03:37:24 PM
 #22

The problem with cryptocurrencies is that they actually do not have unique useful properties for the real market.
Let's try to enumerate
1. Data integrity based on blockchain protocol. Ok, there is. The scope is rather narrow.
2. Simultaneous processing of a large number of transactions. OK. Let's say. But where is the international system on the blockchain? Partially, financial institutions use blockchain, but massively and widely - no!
And everything else is digital assets, smart contracts, DAG, NFT, and so on - cool, but has no real and wide application in the world. And when there was hype, there was a lot of money, there was a situation “we don’t know where to put money / profit” - yes, crypto companies recruited a lot of staff, created a lot of projects, often really useless from the very beginning .... Therefore, when a global event happened in the real world crisis, the crypt did not become either a savior, or an assistant, or a "quiet bay" ....
PS Although I'm almost 100% sure that geto in a year or two, the market will shake again and the next "cream" will be removed Smiley

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justdimin
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December 14, 2022, 08:19:10 PM
 #23

The problem with cryptocurrencies is that they actually do not have unique useful properties for the real market.
Let's try to enumerate
1. Data integrity based on blockchain protocol. Ok, there is. The scope is rather narrow.
2. Simultaneous processing of a large number of transactions. OK. Let's say. But where is the international system on the blockchain? Partially, financial institutions use blockchain, but massively and widely - no!
And everything else is digital assets, smart contracts, DAG, NFT, and so on - cool, but has no real and wide application in the world.
All of those are stuff that would make it a good one but doesn't need in the end. I mean I agree that it would be good to have, there is no denying there, I could name 10 more stuff that would be great, those are not wrong and I definitely agree with all of them. However, they are not needed to be able to do anything, they are just good to have things and nothing more.

I know that it's not going to be easy to accept this, but bitcoin is good all on its own without needing any help at all and that is why I am pretty sure that it's not going to be a big deal at all. I think the best thing to do right now is just to focus on what we have, instead of dreaming what we could have to be better.

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Crypt0Gore
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December 15, 2022, 11:03:15 AM
 #24

Few years back I was one of those that kept saying that Bitcoin can't do everything on it's own but honestly, today it doesn't matter, the most important part of crypto existence is digital money and decentralised, government free world and Bitcoin have already accomplished all this..

Yes today's developers are bad mouthing Bitcoin saying a project is faster and better, but what is the point?

I believe that 2023 will bring even more heart breaking recession and many people wont be prepared for it, I've stopped by coins right now until mid of 2023 to see what happens.

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stompix
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December 15, 2022, 02:52:19 PM
 #25

The problem with cryptocurrencies is that they actually do not have unique useful properties for the real market.
Let's try to enumerate
1. Data integrity based on blockchain protocol. Ok, there is. The scope is rather narrow.

This was already covered before bitcoin, distributed databases have existed for years, are tested material, are already in use at a giant scale, Cassandra is one year older than bitcoin for example, far more used than any other blockchain projects and am I seeing Amazon trashing SimpleDB for ..tron? or solana? Lol.

2. Simultaneous processing of a large number of transactions. OK. Let's say. But where is the international system on the blockchain? Partially, financial institutions use blockchain, but massively and widely - no!

Visa is doing just fine and it's highly unlikely we will ever need trillion of transactions between accounts a day, not with this world population.
For a private company or for a government a distributed public database is really not something that attractive, as I'm pretty sure not that many bitcoin fans would like to see all Visa transactions published online, even if it's only their card number and not their full name in the that.

And when there was hype, there was a lot of money, there was a situation “we don’t know where to put money / profit” - yes, crypto companies recruited a lot of staff, created a lot of projects, often really useless from the very beginning ....

Exactly, there was no real need for them in the first place. Did they make a lot of money and had a ton of customers, yeah, fidget spinner sellers did the same, but that doesn't mean it will go on forever with the same cash inflow. None of them has done the magical things it was supposed to create or at least fix, and what's actually sad is that the main purpose of Bitcoin and its strong point is starting to be demoted outside the podium when it comes to the purpose of using it.




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