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bartturner 4 hs ago

Yes. Detroit skills just do not fit well with what is needed.

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savuporo Yesterday

Betteridge's law of headlines

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qznc_bot Yesterday

There is a discussion on Hacker News, but feel free to comment here as well.

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jsideris Yesterday

Detroit still exists?

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Mozorelo Yesterday

Clearly yes. Detroit constantly misses the boat.

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stevestgermain Yesterday

Short answer: no.

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AnswerAwake VIN #000000001 Yesterday

I know this is the wrong place to ask this but I'll do so anyway: How much influence do you think Tesla had on the direction these companies are moving now? If Tesla never existed (and no other equivalent came onto the scene) what do you think these companies would look like today?

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reboticon Yesterday

Depends on which part you are talking about. If you mean their BEVs in general, I think Tesla increased the rollout speed by 2-5 years. Tesla got people wanting EVs, but I don't think it has had much influence on other manufacturers, unless Elon Musks claims convinced lawmakers to make more stringent emission standards (impossible to prove either way,) and their speed is mostly about compliance. If you mean the push towards seeing self driving as a reality, then I think Tesla had a huge influence.

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AnswerAwake VIN #000000001 3 hs ago

> unless Elon Musks claims convinced lawmakers to make more stringent emission standards (impossible to prove either way,) and their speed is mostly about compliance. Yea I agree, If Tesla were to have failed in the early days I think it would have allowed the automakers to push back on regulation. We can also see an example of this in how GM and others managed to push back the ZEV regulations in California which led to the recall of the EV1 so given this event and where we are today, I think Tesla had to have had some influence.

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criesinplanestrains Yesterday

Honestly, TSLA probably had more industry wide influence here than they did on BEV uptake. The industry was (forced) moving to BEV anyways. FSD while on the roadmap did not seem like a priority. The industry was more piece meal building safety features that would eventually be needed for FSD. TSLA gets all the publicity and more importantly stock movement for this so many others followed.

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criesinplanestrains Yesterday

Anyone that buys into Uber at 12 billion let alone 120 billion deserves to go broke.

The uber story makes even less sense than the TSLA story. So Uber will win the day by taking on billions in capital costs that they currently push onto their drivers? All to save 14 dollars an hour? Not like they will have to hire an army of on staff workers to service, maintain and clean the cars.

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thehikingbadger Stock Market Expert Yesterday

Have you seen the numbers? It's a great business model. I'll give you that there's an existential risk if self driving comes to fruition. Uber is taking steps to mitigate that, but it's a risk you need to get paid for. Away from that, however, it's a capital light business model that gushes free cash flow. You can see it in their mature markets.

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Hypx Yesterday

I'm pretty sure Uber has massive cash burn, similar to Tesla. The problem is that the drivers have to be paid, and enough to pay off all car bills such as insurance, maintenance, etc. on top of their basic wages. So far, Uber simply isn't charging enough to cover all of that cost. The capital expenditures are borne out by the drivers, not by the company itself. It's only capital light if you accept very high fixed costs. Ultimately, Uber/Lyft will just end up being a better taxicab service. While there's definitely money to made off of that business, I can't imagine how you would get to $120B valuation.

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AnswerAwake VIN #000000001 Yesterday

From my understanding, Uber was banking on the self driving thing working out. I'd imagine many of their investors were also thinking that when they invested. How does Lyft look financially?

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simons700 Yesterday

The asset of Uber is not its user base (like with most other apps, services etc.) it is its driver base. Uber´s core skill is to link drivers and users together but when Cars drive them self there is no need for a driver anymore and at the same time there is no need for Uber anymore. All you need to provide your service than is the Cars and Cars is exactly what Uber does not have. In a weird way Uber gets disrupted by big auto ;)

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AnswerAwake VIN #000000001 3 hs ago

Thats assuming the automakers figure out self driving(becoming more likely but not certain yet). Uber was banking on being one of the moats to Self driving.

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stockbroker dude who spends too much time on Tesla Reddit Yesterday

Agree 100%. In a AV world, Uber will need rent-seeking structures like the medallion system in NYC/Chicago to earn an attractive return, IMO.

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criesinplanestrains Yesterday

This is what I mean. Uber solves FSD but how do they profit from it? They will have to spend billions in CAPEX to buy a fleet of cars. They will have to hire tens of thousands of direct employees. I don't see how they cut anywhere close to enough costs compared to their skyrocketing new costs.

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AnswerAwake VIN #000000001 Yesterday

Wouldn't the potential profits from that overshadow the costs of buying a fleet? As of today I think the real question is will they ever get to FSD now that what they were banking on fell through?

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ddhboy Yesterday

Services like Uber require density and local government not regulating you out of existence. Some major cities (New York, London, Paris) already have issues with Uber, that will probably get worse if there's a bunch of driverless Uber vehicles clogging up the road indefinitely, moreso if everyone has their own exclusive fleets unlike current ride share drivers who often use multiple apps. Say nothing of the cost of needing to own and maintain a fleet of millions vehicles worldwide. At least Tesla's plan outsourced the ownership and maintenance to buyers.

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simons700 Yesterday

Paywall

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thehikingbadger Stock Market Expert Yesterday

Here you go: http://archive.is/vs4Q8

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simons700 Yesterday

thx

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Drumpf_Trash Yesterday

Everyone who thinks Detroit is going to turnaround and be respectable keeps forgetting the D is in the dreadful state of Michigan.

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Augustushomme Yesterday

why would Detroit being in the best state stop it from succeeding?

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CrotchWolf Yesterday

Yeah it's not like Detroit will ever be as "respectful" as Chicago. 😏

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gpforlife grosse pointe Yesterday

Damn, bro. Salty much?

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ditto755 windsor Yesterday

You can't really force a growing tech sector in a city. It has to happen organically.

Cities with good tech sectors are usually a byproduct from the surrounding universities or having a big company located in it.

In Canada, specifically, where RIM/Blackberry is headquartered, a lot of tech companies/startups have sprung up as a byproduct from the University of Waterloo which has a lot of tech talent, and from RIM being located in the area.

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SlowNumbers Yesterday

Detroit's auto industry engineers are already highly sophisticated computer operators and programmers. They're not yet state-of-the-art in some regards, but they get better every day.

Silicon Valley engineers have extremely little experience doing the things Detroit has been doing for generations. They're not closing that gap as quickly as they want you to believe.

This article is really just an example of Silicon Valley doing its normal thing: promoting Silicon Valley. Not much to see.

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ColHaberdasher 8 hs ago

Silicon Valley emanates myopic arrogance.

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SlowNumbers 7 hs ago

I don't know about that. They were fast to recognize the power in having a myth of Silicon Valley. Over time, the myth became an essential ingredient in creating their reality. That was a smart move and one that Detroit mostly ignored until the '00s. Silicon Valley also has a big thinking and far reaching PR industry. They're skilled at placing stories like the one linked here.

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curiouscat321 Yesterday

This is being printed in newspapers under the headline “Can Detroit become a software business?”

Don’t understand why the headline changed online, but I like the print headline more.

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Augustushomme Yesterday

this headline is just clickbait

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fricken Yesterday

https://outline.com/uvszzK

Going public is the new black, everybody's doing it.

Is it going to be the reality in 3 or 4 years that some or all of Cruise, Argo, Aurora, Uber ATG, and possibly even Waymo will be operated as companies traded on the public markets?

Tesla and Amazon have shown that it's possible to go a long time as a public company without any profits, so long as people believe you're capable of bigger things.

Robotaxi companies that have all the parnters and talent they need to get the show on the road may see substantial revenue growth over the next decade, but I doubt there will be much in the way of profits. Long term investors will need to believe in the promise of autonomous vehicles.

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knight_rider_ Yesterday

Uh... The IPO market is dead. What big IPOs have their been in the past few years.

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spadmin Yesterday

There’s been plenty... and I believe it’s because people have no idea where to stick excess cash. But I believe what you’re really trying to say is that after all this long term cash injection into the market over the past 10 years how could we possibly have more cash to chase new IPO’s The answer it that the market could become more volatile and as old companies or commodities are kicked off the exchange or go from large cap to small cap companies, that frees up cash for new companies entering the exchange.

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fricken Yesterday

What I meant to imply by "Going public is the new black" is that IPOs are coming back into fashion. GM Cruise has signalled IPO intentions. Uber and Lyft are racing to go public. 3 is a trend. Certainly it's unusual, we have been in an IPO drought the last few years, with hardly any tech IPOs. The only exception I can think of is SNAP. Robotaxi companies are not car companies as we know them. They are not tech companies as we know them. Robotaxi companies are a new thing. Stakeholders are still feeling out how to best structure and fund a robotaxi venture.

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anuumqt Yesterday

For now, I think we are still talking just two IPOs next year, Lyft and Uber. Cruise is a more distant maybe. I don't know if that makes a trend. Softbank is the new IPO. "SoftBank Gives Startups Billions of Reasons to Hold Off IPOs" (WSJ) http://archive.is/YPSte

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knight_rider_ Yesterday

This makes more sense

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walky22talky Hates driving Yesterday

free link open in browser

Auto executives say they need to avoid a nightmare tech scenario that’s become a common refrain at industry gatherings. They don’t want to become the next “handset makers”—commodity suppliers of hardware, helplessly watching all the profits flow to software makers like Apple Inc. and Alphabet Inc., the parent of Google. Both companies are investing in software for driverless cars.

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Pattycakes_wcp Yesterday

Paywall anybody have the article?

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404_UserNotFound Yesterday

https://outline.com/uvszzK

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spadmin Yesterday

I can tell you what it says without reading it. Yes if they can’t stay competitive.

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leesec - @leesec Yesterday

I suppose this article is musing about how the big car companies are responding to the pressure from tech companies, and how they are trying to pivot into tech companies themselves, which is a fine premise.

I do think the title is misleading though, by conflating "Detroit" with "The Big 3" (General Motors, Chrysler and Ford).

Detroit itself is already well on it's way to diversifying it's economy and particularly making investment in tech. There is what's known as "The Family Of Companies" (1) referring to a whole fleet of businesses supported by Dan Gilbert of Quicken Loans and many of them are in tech and in the buildings downtown. Gilbert himself owns something like 30+ buildings in the Detroit area.

There is a start hub near by as well in Ann Arbor which has recently produced companies like Duo Security and FarmLogs.

Real estate/cost of living here is much cheaper than in most of the bigger tech hubs and it's bringing all sorts of companies.

There is a somewhat valid critique that salaries aren't quite competitive for tech, but I've found the quality of life has been quite nice. For ex: I know several people coming out of bootcamps with or without degrees and making 70/80~k with 1-2 years experience, but with rent being only 700-1k for your own apartment ( less with roommates obv ), you wind up putting away plenty at the end of the month.

In my opinion, it's actually a pretty great place to live and is handling the shift of becoming a tech city quite well.

(1) https://www.quickenloans.com/about/partner-company#chat_clos...

chiph - @chiph Yesterday

It's not just a struggle for control - it's a struggle for survival. The auto industry has reached one of it's rare inflection points with the arrival of pure EVs. They will have to offer a model that people will buy, or they'll lose the company.

Previously, this happened to the US tire makers in the post-1973 oil-crisis years. They'd been happy producing bias-ply tires, when suddenly everyone wanted radials because they got better mileage and lasted 2-3 times as long. Goodyear was the only one to make the switch, and they're still in control of their business. All the others - Firestone, General, etc. did not, and ended up getting sold to someone else.

https://www.alixpartners.com/media-center/press-releases/pil...

The car makers realize this, and will spend whatever it takes, regardless of the return on capital, to stay alive.

analog31 - @analog31 Yesterday

I grew up in a suburb of Detroit, and came of age in the early 80s. Every time a "business cycle" came along, the leaders of Michigan swore that Detroit needed to diversify into something other than cars. Then, when things picked up, all was forgiven and we started making those cars again. Rinse and repeat.

"Detroit" meant all of the Midwest, since every town had a plant, small or large, doing something for the auto industry.

I hope it sticks, this time.

true_tuna - @true_tuna Yesterday

Auto companies already left Detroit in the dust. Will tech save it? Everyone in Silicon Valley forgets that the second part of self driving is the car part. The POC is done (waymo and cruise) The next next step is mass production. Google is notoriously bad at that phase. The companies knowledgeable about that are the established auto companies. Tech will come to Detroit to get close to that knowledge (the manufacturing may be gone but the offices remain). Detroit is going to be a happening place for the next decade.

andrew_ - @andrew_ Yesterday

Got out 5 years ago and headed south - was the best decision I've ever made. It wasn't until I left that I realized just how economically backwards and dysfunctional the region (and state) was. I remain dubious about the city's prospect at regained glory.

But I applaud those who stick around and think well of the city and the tri-county area, and who fight the good fight to improve it. I wish them better luck and fortune than those that preceded them in the prior 50 years.

neonate - @neonate Yesterday

http://archive.is/vs4Q8

blihp - @blihp Yesterday

'Some auto executives say they can hold on to their roles as hardware providers while also tapping into the growth of more-profitable services'

Simple question for anyone in the auto industry who thinks this statement makes sense: for every car put on the road by Uber / Lyft (or any similar service you invest in), how many net new car sales will you see? (hint: their passengers may no longer need to have a car of their own)

I hope that this is just them putting their spin on the story and that when it's all said and done they realize their future depends on minimizing how much they have to shrink rather than maximizing how much they can grow.

Kodak believed that the move from film to digital represented an opportunity. It would have been for them, had they been realistic as to the size of the opportunity.

jtraffic - @jtraffic Yesterday

>Auto executives say they need to avoid a nightmare tech scenario that’s become a common refrain at industry gatherings. They don’t want to become the next “handset makers”—commodity suppliers of hardware, helplessly watching all the profits flow to software makers like Apple

Weird comparison since Apple has always made the lion’s share of profits from hardware. Also interesting contrast between big automakers and Tesla. I see Tesla as being in the hardware biz primarily

purplezooey - @purplezooey Yesterday

The jury is still out. Somebody still will have to make cars. Uber and Lyft are just information. Look at Tesla. It ain't easy. And especially now with the additional software.

CydeWeys - @CydeWeys Yesterday

I'm not sure how helpful it is to think of the world's largest companies as "tech companies" anymore. The previous dominant companies simply failed to adapt to incorporate new technologies (witness the fate of Sears vs Amazon).

And Detroit's auto manufacturers aren't doing much in the way of electric or self-driving, so if they fail that's on them. The best self-driving company and the best electric car company are both California "tech" companies.

jameslk - @jameslk Yesterday

Given the current low valuations of the auto manufacturers, I see it more likely that a tech company like Google or Uber acquires one of them similar to Amazon's purchase of Whole Foods

PhasmaFelis - @PhasmaFelis Yesterday

I was under the impression that tech left Detroit in the dust several decades ago.

RedStarComrade - @RedStarComrade 13 hs ago

Non paywall version.

https://outline.com/uvszzK

drb91 - @drb91 Yesterday

The entire idea of specialized regions is incredibly frustrating. When will companies invest in remote work?

Show all comments on Hackernews

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I_shall_be_at_Aqaba Yesterday

BAT tipping is covered at the end of this step-by-step guide to Brave. It's very simple to do when on a website you want to tip -- press the Brave Rewards icon, select the tip button, select the amount to tip and whether to tip once or monthly, and send tip. Very easy.

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TotesMessenger 1205611 karma | Karma CC: 11 Yesterday

I'm a bot, bleep, bloop. Someone has linked to this thread from another place on reddit:

[/r/reddcoin] RDD development when?

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_0_1 Yesterday

Is there a tip bot for BAT?

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wolfwolfz 16484 karma | Karma CC: 147 BTC: 47962 GNT: -12 ET Yesterday

Meh tipping, we had all that jaz with doge, reddcoin, changetip, etc.. nothing groundbraking.

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prevail_ Karma CC: 3136 Yesterday

This is actually huge though because brave is a browser. There is not any extra work people will have to do. This will create adoption because anyone can download brave and accept crypto. Can you imagine all across social media, people making money just for the quality of their content. It's brilliant.

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erhoo Karma CC: 25 Yesterday

Those coins have no significant dev development

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sweetb0y Yesterday

comparing doge to BAT is retarded, sorry

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FourthSynd Yesterday

It's building its momentum so that they won't fail to surprise us.

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TheGreatMacsby 1 day ago

Why repost the same news from yesterday?

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_o__0_ 1 day ago

Geez dewd. This is one to watch out for. Their plans are concrete, soon, and huge. Given how they have delivered with the browser so far, it seems like they are on top of shit.

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trampabroad 110392 karma | Karma CC: 3002 BTC: 509 1 day ago

"sometime in Q4"

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TRG_V0rt3x Karma CC: 280 Yesterday

Chief, it's Q4...

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mr1ply Yesterday

I like the idea of giving more power to the token holders. Especially one that prevents apathy.

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Uppja Yesterday

Out of curiosity, are any of these topics outlined ones that you are currently pursuing to create as an amendment proposal?

Is anyone aware of any other community members creating amendment proposals either on these topics or others?

I have a little trouble distinguishing the difference between development on the master branch in gitlab versus development on upgrade proposals (if there actually is a difference).

This is an honest question

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blockpower Yesterday

look a very broad and comprehensive proposal

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luzamarino Yesterday

Would be good to see us switch to the Tendermint consensus algorithm and perhaps become a Cosmos zone , though I think anyway there will likely be a tezos-cosmos bridge. On top of that Adrian Brink of Cryptium Labs would be a great asset to such project. Zcash is a no brainer , privacy on the blockchain will be a requirement for business and high valued private individuals.

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murbard Yesterday

Note that I'm not suggesting using Tendermint as is. The sortition step would make the bridge less trivial

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cryptogojira Yesterday

The last paragraph is honest but a bit unsettling. It reminds me of Charlie Lee (LTC), that used to say "Bitcoin is Litecoin's testbed". It didn't work out well for them.

Anyway, borrowing ideas from others is good, but copying the consensus model of blockchains that don't even exist yet, like Dfinity and algorand, is odd. I mean we all know that Dfinity will be an instant top-10, maybe top-5 blockchain but it's still odd.

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blockpower Yesterday

Dfinity is already on its testnet

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stanyew Yesterday

*only* on its testnet. Furthermore, it is not yet publicly available

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protagonist85 Yesterday

Dfinity is full of a-holes, especially their PR branch. Their self-indulging head honcho is disagreeable as well.

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jakethebakedcake Yesterday

The founders own like 50% of the tokens, which is a deal breaker for me.

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cryptogojira Yesterday

FYI Olaf Carlson-Wee's Polychain is a key investor in Dfinity. As is Andreessen Horowitz.

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murbard Yesterday

There are really cool ideas in DFinity, here's a good Dominic Williams interview: http://unchainedpodcast.co/podcast/dfinitys-dominic-williams-on-how-its-blockchain-nervous-system-is-not-an-ai-ep78

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murbard Yesterday

The key word is "discernment".

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fjeffkirk Yesterday

No one cares what you think about Dfinity

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BouncingDeadCats Yesterday

No one cares what you think he thinks.

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fjeffkirk Yesterday

No one cares what you think about what I think everyone thinks

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tupac_cares_bot Yesterday

Tupac cares, if don't nobody else care.

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tupac_cares_bot Yesterday

Tupac cares, if don't nobody else care.

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argonau7 Yesterday

Didn't understand much but sounds great

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bigbag6 Yesterday

Arthur!

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sammyb67 Yesterday

Very good!

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100RoundCup Yesterday

These fools thought they were really going to build a super datacenter to mine for digital bits. And get rich. Full retard.

Guess they didn't give a shit about learning about network difficulty.

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happyscrappy IT Specialist 1 day ago

'After selling the tokens, Giga Watt converted the cryptocurrency it collected into dollars, which the company then used to finance the construction of mining pods, Turner said.'

What now? Why would anyone want to sell their currency of the future for useless fiat? Oh, that's right, because you can't pay for anything with internet funbux.

They didn't even get all their pods up and running. So basically they ripped off their ICO customers and they're still going out of business due to losses.

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SnoweCat7 1 day ago

Most of the ICO customers paid with crypto so don't feel too sad, and those that didn't learnt a hard lesson about dodgy speculative assets. Hopefully the builders and land owners received all of their payments though. Think of it as moving imaginary wealth back into the real world.

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zClarkinator 24689 karma | New to crypto 1 day ago

More like, collapsed outright. After raising $47 million, they are now $5 million in debt, and construction of their 'cryptocurrency campuses' have stopped. The money woes are a combination of money they gave to contractors, which have fallen behind schedule and went over budget, and lawsuits from the company's owners/investors (these people have raised roughly $25 million) due to the company's decision to raise funds by releasing an ICO (producing $22.6 million). Evidently, the ICO money didn't last long and ended up biting them in the end. I can't speak for the validity of the lawsuits, but regardless, it's costing them a ton of money.

The original CEO stepped down, and 80% of their staff is laid off. Doesn't look good for this company.

Edit: This article also mentions the rising costs of electricity, combined with the falling cost of Bitcoin and other coins since earlier this year, as a major cause for the company's lack of revenue and difficulty securing funds.

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JeanneDOrc 1 day ago

I see they’ve moved to selling shovels in Wenatchee. The locals are suspicious of any industry that’s not apples, so I wonder when they’ll get ran out.

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paximperius 1 day ago

In Grant County alone, miners requested approximately 1,500 megawatts of power — or nearly three times as much as the county’s residents and businesses were using, said Grant County PUD spokesman Ryan Holterhoff. Chelan and Douglas counties have also seen a surge in demand from prospective miners. A megawatt is enough to power around 600 homes. At Giga Watt, Carlson’s pod project was slated to use 30 megawatts.

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PatrickBitmain 2 days ago

All that wasted money and energy to fill Bitmain’s pockets and verify darkweb transactions.

Even a McDonalds job is more noble and profitable than this.

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SnapshillBot 2 days ago

It won't be long until bitcoin is an everyday household term.

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Sir_Panache Yesterday

right next to "ponzi scheme" snappy

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DaveyJonesXMR Positive | Karma CC: 638 XMR: 2279 12 hs ago

A public non opaque chain is VERY VERY far from giving us liberty, the better chainanalysis becomes in real-time the worse this will get... BTC as is is the perfect Orwellian tool to watch the masses.

For Liberty you need Fungibility.

1

Bitcoin_21 redditor for 3 months 13 hs ago

Buy my ETH Garbage Company Token please - Charlie Shrem.

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CryptoShitLord Redditor for less than 6 months Yesterday

It was already given away to the same people that this system was designed to topple. Blockchain failed and no one has seemed to figure it out yet.

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noneither redditor for 5 weeks Yesterday

Atta boy Charlie.

The seat of money power is now open source. Hail Nakamoto.

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Roger-Shrederer 5 months old | Karma CC: 266 Yesterday

The ideology behind crypto is dead and it is becoming the complete opposite of the original vision.

1

AbsolutPower81 5 months old Yesterday

Lol. I really find it hilarious that people think that Bitcoin/Crypto = liberty. That's a pretty broad definition of liberty.

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odity9 Yesterday

Made it easier to buy steroids from Lebanon this weekend. 10% discount over money gram!

2

diamondcuts17765 redditor for 3 months 14 hs ago

PM me the details

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PhantomMod Altcoiner Yesterday

PERSPECTIVE

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GlitteringEstimate8 redditor for 6 days Yesterday

I think we can all agree that what we are waiting to see Is Mr John McAfee Dining on self sourced pee pee

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Hanspanzer 11 hs ago

he already paddled back and said he will pay a prostitute to eat is dick professionally if bitcoin not $1M

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GlitteringEstimate8 redditor for 6 days 10 hs ago

*~sigh I knew this was too true to be good.

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KupKhunKrap redditor for 3 months Yesterday

Is ketchup allowed?

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unitedstatian Yesterday

And not a single word about where Blockstream took BTC...

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i_gotta_say Yesterday

May 2018 is the last time to get btc under $10,000 - Charlie Shrem.

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diamondcuts17765 redditor for 3 months 14 hs ago

😂

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EfgKh4EE3eTb9HPwe3iy redditor for 3 months Yesterday

why sleeping? seems like a poor analogy.

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Hodlnator redditor for 3 months Yesterday

Definition of sleeping giant : one that has great but unrealized or newly emerging power Merriam Webster

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LetgoCrypto redditor for 3 months Yesterday

I understood it...

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LetgoCrypto Yesterday

Love Charlie Shrem.

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JoeyLnix Yesterday

Amen 🙌🏻

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ABitcoinAllBot Yesterday

Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: LetgoCrypto

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7serpent 4 months old | Karma CC: 145 Yesterday

Liberty is not the same as Libertarianism. Libertarianism is a far right wing philosophy based on individualism. In essence it is the Law of the Jungle. The Law of the Jungle inevitably leads to Fascism and then Nazism. Is that what you want?

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aminok Pro&Con-test wins: 3 | CC: 3111 BTC: 9915 ETH: Yesterday

You're promoting Big Brother government under the delusion that it will protect you from powerful individuals, when in reality your attraction to utopianist political ideologies and desire to subordinate everyone to governmemt, as a preemptive measure against those that would impose tyranny on you, is what will lead to enslavement of the masses to a small elite. Your fear is your own worst enemy as it leads to a self-fulfilling prophecy.

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7serpent 4 months old | Karma CC: 145 Yesterday

Balance and unity is what I seek, not extremist ideologies like your words suggest you support. Yes, I do prefer Government to the law of the jungle. I respect your right to believe as you do and know from history which path leads to better outcomes. Unfortunately great hardships befall people before they come to their senses. It's as if every generation is challenged and they have forgotten the past.

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aminok Pro&Con-test wins: 3 | CC: 3111 BTC: 9915 ETH: Yesterday

You support coercively subordinating everyone to a single plan, instituted by the government. This desire is based on your sense of moral superiority, which leads to support exerting totalitarian control over others. As for the "law of the jungle", this describes the majority being able to impose its will on the minority, and seize the minority's private property and limit their right to engage in mutually voluntary economic interactions with other consenting adults. Everyone being secure in their person and property, and having the right to make up their own mind about how to live their life - with the government protecting that right - is justice, and is libertarianism in a nutshell. That's what I support. >I respect your right to believe as you do and know from history which path leads to better outcomes. I'm guessing you haven't actually looked at the economic statistics from over the last 120 years to see which path leads to better outcomes, or looked at the political history of countries that embrace the subordination of the individual to the government. The better path is the one that does not tolerate violating the rights of the individual to implement some simplistic and totalitarian political ideology over the objections of the minority.

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7serpent 4 months old | Karma CC: 145 Yesterday

Geesh, your thoughts seem so black and white. Please do not project them on me. Just say what you think.

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aminok Pro&Con-test wins: 3 | CC: 3111 BTC: 9915 ETH: Yesterday

If your fear is people having too much individual freedom, aka libertarianism, you support imposing totalitarian control over others.

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7serpent 4 months old | Karma CC: 145 13 hs ago

I you want further response be rational.

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NONOPTIMAL Yesterday

LOL

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mdh11583 Positive | 7 months old | Karma CC: 563 Yesterday

Except we constantly call for government interference into crypto.

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f7ddfd505a Yesterday

We already gave it back by leaving people in charge of the protocol that think you can better use credit cards than cryptocurrency for payments. Luckily there are other cryptocurencies that can still offer this freedom. But the community needs to stay vigilant that other projects don't also turn into fiat 2.0.

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Buttoshi Redditor for 30 days. Yesterday

There's no leaders in this space.

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TadojinFarms Positive | 3 months old | Karma CC: 93 BTC: 261 Yesterday

Huh? That sounds like an altcoin bro. Bitcoin is open source anyone with technical skills can contribute and can be reviewed by anyone with technical skills. The reason other altcoins fail is because they are driven my profit or they fail to realize why Bitcoin is unique. Bitcoin has no CEO; no sponsors to satisfy. It was created in a decentralized way and it is maintained in a decentralized way. It’s controlled by no one except everyone one of us who is interested in being part of a network that gives you true freedom.

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Gr8WallofChinatown Negative | 40009 karma | Karma CC: 5046 Yesterday

Except it’s not. It’s controlled by Chinese and Russian mining farms. It’s not for the people anymore

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sgtslaughterTV 2 months old | New to crypto Yesterday

Precisely this. I wouldn't be surprised to see some of the mining pools in China or even all of the mining pools in China collaborating to dupe bitcoin.

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Shichroron Karma CC: 239 BTC: 780 MIOTA: -11 Yesterday

Yeah! They demonstrated their absolute control by destroying segwit and forcing a block size increase. Funny how some people thought it going to end up just with a meaningless fork with a confusing name.

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Buttoshi Redditor for 30 days. Yesterday

What can they do besides order transactions? Go ahead and kill them and Bitcoin lives on. It's decentralized in that there's no one center to take it down

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Edgegasm 31445 karma | Karma CC: 5631 NEO: 5270 Yesterday

Besides order transactions? They can pick and choose whatever transactions they please. They can censor the network, drive up network fees, block addresses entirely. You need to trust them not to do so. Those who create the blocks control the network. Decentralization meant having so many people creating blocks that this kind of manipulation would be rendered pointless. Having a handful of pool owners crafting blocks between themselves is centralized. Frankly right now FIAT is superior simply because there are legal ramifications to tampering.

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pale_blue_dots Redditor for 23 days. Yesterday

One reason I've been looking into and rooting for coins that are ASIC resistant, etc... and possible to mine on phones and basic CPUs.

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Buttoshi Redditor for 30 days. 6 hs ago

But Asics can be made for anything a cpu can do? And the rich can invest in Asics the same way they can buy a bunch of CPUs.

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pale_blue_dots Redditor for 23 days. 4 hs ago

Well, honestly, I'm not all that versed in that stuff. So, what's the deal with "ASIC-resistant" coins, etc... ? I thought that meant they were only CPU coins of sort, no?

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Gr8WallofChinatown Negative | 40009 karma | Karma CC: 5046 Yesterday

So NERVA. Community coin. ASIC/GPU resistant. CPU only mining. There’s an android build out there. The dev found out that mining pools were being made so he changed the code instantly to fight them. Fork of Masari and has a bunch of monero code

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pale_blue_dots Redditor for 23 days. 4 hs ago

Yeah, thanks. I only recently heard about that. Looking forward to reading more about it.

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Elad Gil - @eladgil

RT @avichal: Good overview of Monero and Bulletproofs (and mention of many important cryptographic primitives to read about if you aren't familiar with them) https://t.co/Ms1JQVdfXA

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