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Author Topic: [2014-11-30] Linkedin: 5 Things Professionals Need to Know about Bitcoin  (Read 2136 times)
LiteCoinGuy
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November 30, 2014, 04:06:25 PM
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5 Things Professionals Need to Know about Bitcoin to Avoid Getting Cooked

My mother once told me that if you put a frog in a pot of cold water and slowly bring the water to a boil, the frog would cook. But if you drop a frog in boiling water, it will leap out. I’m sharing my mother’s sage wisdom with you so that you take note of the rising heat and start your ascent up the side of the pot.

https://www.linkedin.com/today/post/article/20141129175418-9437395-5-things-professionals-need-to-know-about-bitcoin-to-avoid-getting-cooked



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There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
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November 30, 2014, 07:18:23 PM
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5 Things Professionals Need to Know about Bitcoin to Avoid Getting Cooked

My mother once told me that if you put a frog in a pot of cold water and slowly bring the water to a boil, the frog would cook. But if you drop a frog in boiling water, it will leap out. I’m sharing my mother’s sage wisdom with you so that you take note of the rising heat and start your ascent up the side of the pot.

https://www.linkedin.com/today/post/article/20141129175418-9437395-5-things-professionals-need-to-know-about-bitcoin-to-avoid-getting-cooked



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I love that!

"The water isn’t even boiling yet, but it is getting warmer every day. Bitcoin is still in its infancy. Only a fraction of the world’s population has adopted it. The largest companies in the ecosystem have less than 60 employees. But the pace of growth is extraordinary. Imagine if you learned about the banking sector when the largest banks had only 60 employees?"
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November 30, 2014, 09:44:18 PM
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Very cool perspective!  A great 5 talking points in time for the holiday season!

Read them and spread the good joy.

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
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December 01, 2014, 03:13:17 AM
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I love that!
I don't. If you slowly bring the water to a boil, the frog will indeed leap out when it gets too hot, but if you drop a frog in boiling water, it will just die almost instantly. I don't understand why this metaphor continues to be used when it so demonstrably false.

Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
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