Following a massive decline in profits in the second quarter of 2018, computer chip manufacturer Nvidia has announced it is officially pulling out of its cryptocurrency mining activities. Projected earnings for the second quarter of 2018 were estimated to be $100 million but huge losses across the cryptocurrency market..

2

The idea of futarchy, to put it in a nutshell, is to decide on some criterion for evaluating decisions ex post, and then relying on prediction markets to determine the best course of action ex ante…

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blindripper85 3 hs ago

Wow have to take Time to read (and understand) that. Extensive right up thx!

1

Dore_Gnob 5 hs ago

I think it would be useful to use a real life example for helping make the article more comprehensible. Say a team proposes that tezos incorporates their implementation of ZK snarks (or any other example you wish). How would the prediction market look like for that? What metric would be used to tell if the update was a success?

One thing I'm not clear on is that if the no votes win on any proposal, we'll never be able to see how effective the the proposed upgrade would be. Isn't that a problem?

1

Underground_Sea 8 hs ago

Hi. I am working at a university (economics), in particular on game theory and mechanism design. By chance, I happen to have published a couple of articles on laboratory experiments related to prediction markets.

I would like to get some clarification on the medium article. My understanding is that attached to each proposal comes an invoice stating the amount of XTZ the devs are receiving if the proposal is implemented. If I am not mistaken, the corresponding XTZ are introduced into the system through inflation. Naturally, devs have incentives to get as many XTZ as possible for their work, while the token holders would like to get hit by inflation as little as possible.

Since the added value (call it X) of a proposal is unknown (and there are important information asymmetries), the objective of the futarchy markets is to discover the added value X of the project that got selected in its cohort. Markets are likely to be rather imperfect, but this looks still much better than not doing anything. Clever idea.

What I do not understand is how the discovered added value X relates to the amount of XTZ the devs receives. That is, how is the added value shared between the devs and the token holders? For example, if the whole surplus goes to the devs, token holders will likely reject the proposal as there is nothing to be gained (taking into account that there is also some substantial risk that the estimate of X turned out too high). On the other hand, if devs do not get anything, they will dedicate their valuable time to something else. Consequently, it seems that there is a bargaining stage missing (between devs and token holders). To say it differently, once a proposal has passed, it should be possible to renegotiate the amount devs receive.

Thanks a lot for any answer that clarifies my doubts.

It is highly interesting to see how this project develops.

Sorry for the quick write-up, it is already quite late here.

PS: Obviously, a contract between devs and the network owners is not fully specified by only a price. What about timelines and deliverables? For example, it should be possible that funds for an approved projects are released step by step and that intermediate elections are held in order to decide whether the project should be pursued further (the quality of the product fulfils expectations). Etc, etc.

12

murbard founder 8 hs ago

Such an invoice (in whatever forms there is) would be a part of the proposal. The proposals have a lot of latitude (at least initially) in what they kind modify, so it's not like there's a structured field called "invoice". In all cases, the prediction market would take into consideration the *net* benefit of the proposal.

13

jmzzzzz 8 hs ago

If prediction markets did end up providing usable information on the counterfactual value of XTZ\_P, I would expect the actual realisable 'invoice' would be a quite heavily discounted fraction of X. In the proposal discussed, there is no direct mechanism for the prediction market result to alter the protocol proposal, which must be submitted in its complete form, including any proposed fixed invoice, but the protocol proposal could be re-submitted using information gained from the prediction market. I would say the optimal move would be for something like the original submitter to propose it with an 'aspirational' price reflecting a discounted version of a positive reception by the market, and then re-submit if necessary if the market does not tend to support such a valuation.

1

It’s natural to make simplifying assumptions about technology; such abstractions let us build on top without dealing with exponentially increasing complexity. But it’s worth revisiting our…

3

Securely generate and keep a private key. Signs transactions like a typical Bitcoin hardware wallet, but with an open design and unique security features. Opendime's Coldcard is bringing convenience to the world of cryptocurrency hardware wallets like never before. Affordable, easy to use, and straight to the point, th

2

Alleged India Bitconnect head, Divyesh Darji, was arrested this week at a airport in Delhi as he arrived from Dubai. He and conspirators are accused of bilking millions of dollars (Rs 88,000 crore) from Indian investors seeking to find financial refuge during the government’s demonetization campaign.

25 3

vimotazka Altcoiner 20 mins ago

That's one creepy motherf*cker

1

Kryptografik 8 months old | CC: 2237 karma 52 mins ago

The world is no longer the way it used to be, no no no.

1

xFrosties 55 mins ago

Bitconneeeeeeeeee

1

ByteThis 30 mins ago

Hey hey heyyyyyyyyyyy

1

Bemmah Redditor for 5 months. 59 mins ago

Still got some sweet memes out of it. Carlos Matos is a legend. Bitconneeeeeeeeeecccctttt whaow!

2

fueryerhealth New to crypto 1 h ago

BIIIIIIIIIIIIIITCONNEEEEEEECT

1

cryptocational 4 months old | CC: 21 karma 1 h ago

DISCONEEEEEEEEEECT

1

travisliptak Redditor for 5 months. 1 h ago

Whatamigonnadoooo with the millions stollen

2

MrBooVN CC: 32 karma 1 h ago

/u/popkorn62

1

popkorn62 CC: 43 karma 1 h ago

Naisu

1

rishabh_bose New to crypto 1 h ago

Bitconnnnnnnnnnneeeeeccccctttt 😵

https://youtu.be/21kGmCsJ5ZM

1

ElWoofWoof CC: 5 karma 1 h ago

All of the memes here. WASSA WASSA WASSA JJJJJAAAIILLLL BBBBBUUTTTTSSSSEEEKKKSSS

1

redarkane CC: 1 karma 1 h ago

bitconneccccccccccccccccccccccccccccccccct

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cmskipsey 2 - 3 years account age. 150 - 300 comment karma. 1 h ago

It's still utterly retarded that this shitcoin sat in the top 10 for so long.

4

lsczzzz Bull 1 h ago

Look at tron lol

1

DeserveDonuts Ethereum fan 1 h ago

that’s how it’s always been though, always some utterly pointless scamcoin(s) in top 10

1

FreeFactoid Redditor for 10 months. 1 h ago

Greedy people

1

PORTMANTEAU-BOT 1 h ago

Greople. *** ^(Bleep-bloop, I'm a bot. This )^[portmanteau](https://en.wikipedia.org/wiki/Portmanteau) ^( was created from the phrase 'Greedy people'. To learn more about me, check out this )^[FAQ](https://www.reddit.com/78ilq0).

0

ImpatientDelta CC: 853 karma 2 hs ago

"India Bitconnect Head Arrested in Delhi"

Not the main owner of the company.

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trettry 2 hs ago

Punchable face indeed!

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GolferRama 2 hs ago

So everyone understands.

Bitconnect was a scam that used Bitcoin.

In the same way Bernie Madoff was a scam that used dollars.

No question the Bitconnect people are scum but it's unrelated to the underling medium of exchange.

(I know most of you know this but there are seriously people that don't get it)

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mutqkqkku 24 mins ago

In the same vein Bitcoin is a scam that uses multiple fiat currencies worldwide. Transferring fiat money from rubes to people who got in early, leaving rubes with useless ledger entries they bought with their valuable usable fiat currency.

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temporarymctempton 1 h ago

> Bitconnect was a scam Wazzawazzawazzawazza... huh?

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m-basses 42 cmnt karma | New to crypto 2 hs ago

Great, that piece of shit

1

oceaniax 2 hs ago

Jesus fucking Christ, that picture. That's a face you can trust.

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MyStolenCow 2 hs ago

That claim is so idiotic.

So every poor country out there should just print massive amount of money and problem solved right??

Currency is worthless on its own, its entirely dependent on the institution that supports them.

1

TheSpiceyMeatball New to crypto 3 hs ago

í BBBBIIIIITTTTTTTT CCCOOONNNNNEEEEECCCCCCCTTTTT!

1

garfipus 4 hs ago

INR 88,000 crore = INR 880 billion = USD 12.5 billion

Holy fuck.

3

newprofile15 3 hs ago

I don’t believe any numbers I see in any crypto article ever.

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SurgicalInstallment 1 h ago

Yep, the entire creepto market is at most a billion and a half liquid. Maybe 12.5 billion in paper at height, but real $ losses must be a fraction of a fraction.

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newprofile15 1 h ago

Maybe. I won’t even try to estimate it, I’ve seen a variety of estimates like that though. It definitely is much much smaller than the “market cap” of course.

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ClickableLinkBot Redditor for 12 months. 4 hs ago

r/cryptocurrency

^(For mobile and non-RES users) ^| ^(More info) ^| ^(-1 to Remove) ^| ^(Ignore Sub)

1

yam_plan 4 hs ago

MMM MMM NO NO NOO

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Hiihtopipo Fan 1 h ago

BITCONNEEEEEEEEECT

1

trettry 2 hs ago

My wife doesn't believe in me!

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lsczzzz Bull 1 h ago

Neither does the govt by this news ;)

4

ineedmoney79 7 months old | CC: 128 karma 4 hs ago

INNNNCOIIINNNCERRRRRAAAAATED

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codemonkey010 CC: 34 karma ETH: 421 karma 4 hs ago

ewww jailed in india.... sucks.

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the_snooze 4 hs ago

Was this article written by a computer? The language is really bizarre and stilted.

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yeahisaid 3 hs ago

Crypto journalism is shit. We need better writers.

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heyimpumpkin 1 h ago

and that's why today I'm announcing WriteCoin, making ICO to bring great journalism into blockchain using blockchain! Pls donate moneys.

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temporarymctempton 1 h ago

As a totally unaffiliated third party, I want to say that WriteCoin is the most exciting project since the invention of the spoon. The unique WriteCoin quality-incentivized blockchain "WordBlocks" guarantees that every piece is excellent, and by using a blockchain writers are 100% safe from plagiarism.

3

DrMoneyMaker 1 h ago

What is the pre-offering discount for Buttcoin members? I want to go all in!

2

Japanese tech giant SoftBank denies alleged investment in crypto mining firm Bitmain, with Tencent yet to confirm and Bitmain refusing to comment.

3

Sheer chaos and confusion spread across Venezuela after president Maduro announced the government would enact a massive currency devaluation, implement a new minimum wage, hike taxes, and also raise gasoline prices for most citizens.

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stumpinandthumpin Transmonarch 2 hs ago

wE kEEp tryIng nEw sOcIALIsms And It stILL wOn't wOrk!!11!!!!

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diditmakesound CC: 138 karma BTC: 793 karma 4 hs ago

Honestly this is interesting enough of a disaster with enough commitment from their government to put some money into it.

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NEOsands 8 months old | 1685 karma | CC: 1929 karma 7 hs ago

Venezuela on the verge of collapse, I've been saying this for over a year, that, oil prices will soar because of it. Venezuelan oil production is plummeting at an alarming rate and will continue to do so as the situation escelates. They can't find operations so who will step in and supply those million or so barrels? Long oil.

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coinstash Negative | CC: 439 karma BTC: 1510 karma 8 hs ago

Moronic title. Venezuela is devaluing the Bolivar, not crypto.

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DelfinGuy 9 hs ago

The Venezuelan "crypto" is "cryptocurrency" in name only.

It is really a huge scam.

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luix- 9 hs ago

So much to trust from Venezuela government

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joecoin 9 hs ago

Completely misleading thread title.

A gubment issued centralized token has nothing to do with bitcoinization.

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ABitcoinAllBot 9 hs ago

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

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zainuu163 2334 karma | New to crypto 10 hs ago

Someone please explain me in easy language what's happening? I cannot understand most of the economics terms..

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tatateemo 4 months old | CC: 250 karma 5 hs ago

The us dollar is backed by oil. It used to backed by gold, but Nixon changed that weeks before Watergate. The USA invades and regime changes countries like Libya not because we care about their people, but because rulers like Gaddafi wanted to sell his countries oil for gold. Venezuela was selling it oil for chinese yuan. If america doesnt maintain its monopoly on oil, meaning every country must sell their oil for US Dollars our dollar would drop in value immensely. So we put sanctions on Venezuela. Their socialist policies have 0 effect on their economy. Saudi Arabia has free health care, but are a theocracy. Would you call them socialist? We are the cause of Venezuela's current predicament and the mainstream media will never tell you this.

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Lethn Voluntaryist 10 hs ago

I find it odd that this didn't make it into the sub but did anyone not notice that Maduro apparently had an assassination attempt on him recently again?

http://archive.is/pt6r5

It looks like Venezuelans might finally be at the breaking point now, I'm surprised this sort of thing hasn't happened sooner.

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stumpinandthumpin Transmonarch 2 hs ago

Mmm ... mhmmm ... Time for a new socialist dictator. This one isn't working out.

1

danarchist Voluntaryist 5 hs ago

That article is about the same one from 2 weeks ago look at the date.

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TotesMessenger 11 hs ago

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

[/r/economy] Venezuela In Chaos After Maduro Announces Massive 95% Devaluation, New FX Rate Tied To Cryptocurrency • r\/Economics

 ^(If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads.) ^(Info ^/ ^Contact)

1

dialecticwizard 11 hs ago

Venezuela was always bourgeoisie socialist and is aligned to the Chinese model of "socialism". Without the economic clout. Now that they have pegged themselves to the cyber economy, I will be watching them closely as a possible source of cheap online consumerism for a worldwide shopper. This day is day one of the end of the world as you know it.

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Robby16 5 months old | CC: 1974 karma BTC: 570 karma Yesterday

The only thing that will save them is replacing the government and getting rid of that absolute fkn idiot of a dictator.

0

zientze CC: 700 karma 10 hs ago

At some point, shouldn't someone do what is needed and take those in command 'out of the picture'? What a shitshow. Poor Venezuelan people.

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Robby16 5 months old | CC: 1974 karma BTC: 570 karma 10 hs ago

Well usually it’s America but trump says his done helping others and concentrates on helping USA.

1

bob174d 7 months old | CC: 72 karma Yesterday

This is fucked up. The Venezuelan government is torturing its citizens.

2

ShadyPollster No Steppy Yesterday

Can't we just drone this guy?

-Venezuela

2

Retir3d Yesterday

SOCIALISM WORKS. It just hasn't been done correctly yet. /s

5

Skippy_the_clown KEK Yesterday

like a broken record

2

Jane_a_Navy_wife 1776 Yesterday

Luckily ostachio Seabiscuit Cortez is smart enough with her economics degree, although she doesn't appear to understand some economics basics, that she will be able to break through and be the One who finally makes it works! /s

3

Skippy_the_clown KEK Yesterday

> is smart enough with her economics degree to be bartending 8 years after graduating!

2

maga_trump_curse Yesterday

"It's not real socialism."

Most leftie dictators experience a terrible and abrupt end to their lives. Maduro could be another addition to the long list.

4

Skippy_the_clown KEK Yesterday

the house of cards always comes crashing down

2

activated_pede 1776 Yesterday

We dont need to switch to crypto. This will be the start of govt trends.

3

Skippy_the_clown KEK Yesterday

oh ya nothing higher on the *wishlist* of Globulist/Statists is to get rid of CASH and run it all on their computers. #CASH is Freedom and #Bullion is wealth

3

Simonsayswho 8 months old | CC: 3426 karma Yesterday

Pretty sure their governments problem, aside from Socialism, is that there is no rule of law. If you want businesses to come back into your country and save your flailing economy, you can't just confiscate their properties. I mean, they stole the oil companies facilities and put generals in charge of running them. Only a free market will save their ass.

11

rickybender CC: 143 karma Yesterday

Idk why you are being down voted... what's new in this retarded reddit, but you are 100% right. You can't take things away from the free people expect them to thrive and live a 'free' life. Greed is what killed that country and many South American countries. Want to see a prime example of South American fuckery? FIFA. That shit hole league is infested with people who would sell their mother for some extra cash, yet alone rig games for millions. Hahhahaha this world makes me laugh sometimes.

3

stocksandbonds89 13 days old | 1558 karma | New to crypto Yesterday

lol already yeezus this country needs a good old regime change ASAP

1

nathanielx9 CC: 1930 karma Ripple: 588 karma Yesterday

Crypto can’t solve every problem. Their whole economy is messed up

5

DeanMachine11 Yesterday

There was no attempt to solve anything with crypto. From the start it was a government ploy to screw Venezuelans over. IMO. Jesse Lund from IBM said this front the start.

2

The cryptocurrency uses as much CO2 a year as 1m transatlantic flights. We need to take it seriously as a climate threat

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_PHASE123 1 h ago

animal agriculture is the climate threat. transport and comparatively bitcoin pale into insignificance in comparison

1

cr0ft 2 hs ago

Not sure what cryptocurrency has to do with an RBE, though.

An RBE would most probably use a lot of blockchain, but not currency of any kind, so Bitcoin isn't that relevant.

As for energy usage and pollution, that's the same thing as electric vehicles - as long as we use clean ways to generate our power it's not really a problem. The problem is that we still use dirty ways to generate power, not that Bitcoin mining uses some.

1

point_zerofive 7 hs ago

If it continues to fall, we might be able to return to worrying about more conventional sources of climate change, like the automotive industry, plane travel, and Donald Trump.

Perilously close to actually understanding the argument they are making, it seems this author has mistaken the cart for the horse.

3

What-fresh-hell 7 hs ago

Ass-based digital currency

3

ClearlyDemented 7 hs ago

What’s a buttcoin?

5

breadcontrol Smile! You are the spectacle! 7 hs ago

r/buttcoin, it's a mock of Bitcoin, the ancap ponzi scheme.

3

ThaNagler 7 hs ago

How much is created by gathering materials, manufacturing, distributing and running facilities to manage fiat currency? It's misleading to make a statement without context or with a comparable means of comparison.

0

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1

TotesMessenger 4 months ago

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

[/r/collapse_wilds] [18] Bitcoin’s energy usage is huge – we can't afford to ignore it - The cryptocurrency uses as much CO2 a year as 1m transatlantic flights. We need to take it seriously as a climate threat {shitcoin is evil}

 ^(If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads.) ^(Info ^/ ^Contact)

1

goocy Peak population 2040 4 months ago

Removed for being a duplicate of your own earlier post!?

1

DrTreeMan 4 months ago

Would you agree that transatlantic flights are evil then also?

4

Kurr123 4 months ago

This is the precise reason bitcoin and every other crypto currency will never be viable.

9

NONOPTIMAL 4 months ago

Crypto is the future and not all crytocurrencies work like Bitcoin, which is a Proof of Work token. Some are Proof of Stake and require no energy consumption or mining at all.

0

sillyflower 4 months ago

Fuck off dummy you posted another anti bitcoin article 4 hours before this one

0

goocy Peak population 2040 4 months ago

I agree & removed this post.

2

nbfghjoiuytredfghj 4 months ago

Did you just call him a dummy?

3

click-2-install 5 months ago

Regardless of the type of network, there still seems to be (and will be for the foreseeable future) a skew towards operators of more infrastructure, whether it be ASIC's, GPU's or HDD's. Rather than the owner of more infrastructure receiving an order of magnitude higher reward, perhaps a more logarithmic scale would help promote and better maintain decentralized networks.

Then, regardless of whether you have a 10 item (GPU or HDD/TB for ex) rig or a 100 item rig, the larger rig would only receive a marginally higher reward than the lower end rig. This would have addressed/avoided an explosion of GPU's being purchased and somewhat controlled the supply/demand pricing issue we are seeing and made it fairer for everyone. Given that Google already consumes most of the hard drives in the world and we do not have a shortage or price explosion, I doubt Burst will ever be affected in that regard the same way GPU miners have been, but there is still the opportunity for large infra owners to maintain a much higher stake in the chain.

Of course, I am only talking about mining rewards, anyone can buy coin to increase their stake.

Burst/PoC is definitely the best option over the other network types. But I think there is room for improvement across all network types from a mining perspective.

1

devonx25 5 months ago

Or you could split the "100 item rig" into 10 "10 item rig"s and get 10 times reward anyway.

1

click-2-install 5 months ago

Yeah, my suggestion wasn't foolproof. Merely an example, I guess wherever there are tech-savvy people involved, they will find a way to skirt any system to their advantage - even if something like I proposed, in a more robust form, was possible.

1

devonx25 5 months ago

It already happens with Storj. https://www.reddit.com/r/storj/comments/6rtn8k/multiple_nodes/

1

Vertje 5 months ago

This is not sustainable and therefore DAG coins like NANO will have the upperhand in the future.

2

SatoriNakamoto 5 months ago

I suddenly care about energy use! We should sell all your stuff and donate the money to the biggest air force in the world- the U.S. air force. Or the 2nd biggest air force in the world, the U.S. Navy.

0

Gynther477 5 months ago

But it's the future of currency and not just another investment bubble!!!!

2

Brother64 5 months ago

May I dare ask how much energy use all the Western Union, Money Gram, banks and etc offices. Are their CO2 emissions lower overall? And money transfer is just one use of crypto...

3

daltonfromroadhouse 5 months ago

I would love to see a study on sectors that can be replaced by blockchain technologies and there "carbon footprint". Just think in banking alone you have bank corporate offices, branches, data centers, emissions from cash delivery trucks, ect, ect. Im willing to bet it would show that bitcoin is pretty green in comparison.

2

JLR- 5 months ago

only until there are no more bitcoins to mine.

2

ChocolateNachos R7 1700x,1080ti,32gb DDR4 5 months ago

You don't burn electricity. This should be posted in r/nottheonion.

1

lps2 5 months ago

ITT : people that don't know shit about crypto both advocating for and against it's use

4

byttle 5 months ago

Jesus Nano Christ

3

zs1029 5 months ago

PoS more like a Ponzi scheme to me.

You need to maintain your stake in order to get the “interest” to grow your stake. So you less likely touching the base stake frequently. If some “pooling” formed for PoS, your stake may be cashed in at day1 and you won’t be able to realize it because you do get the “mining” rewards based on your deposit stake. Until one day the pool is suddenly disappeared....

However, I maybe totally wrong about this, please correct me if I am wrong.

3

ffwwwwwwww31 5 months ago

Support green cryptos like Nano and Neo.

Crypto is an inevitability. It is not going away. It is important that people know about cryptos that do not pollute like POW coins do.

7

puck2 5 months ago

Check out Iota, Byteball, Nano (XRB).

0

warjoke Specs/Imgur here 5 months ago

theguardian being idiots once again

2

Observations on Robust Decentralized Systems

3

Fed up of traditional money, Venezuelans are turning to cryptocurrencies as an alternative store of value. Even the government wants in on the country's crypto boom.

3

A conference this week in Canada saw discussion of how securities tokens might offer a path for blockchain products to reach consumers.

1 2

It turns out the best book on Bitcoin was written by someone who thinks the cryptocurrency is not a particularly good form of payment, not particularly anonymous, and not a good investment for most people.

4 8 show 5 more

Ragnar Lifthrasir ⚑ - @Ragnarly

RT @mises: The Bitcoin Standard, written by @saifedean Ammous, cuts through the hype and examine crypto technology through a rigorous Austrian lens. The result is a phenomenal book. #MisesWeekends w/ @JeffDeist https://t.co/Kcf1eWfZbI

97 260

Samson Mow - @Excellion

RT @mises: The Bitcoin Standard, written by @saifedean Ammous, cuts through the hype and examine crypto technology through a rigorous Austrian lens. The result is a phenomenal book. #MisesWeekends w/ @JeffDeist https://t.co/Kcf1eWfZbI

92 234

Gabriel ⚡️⚡️⚡️ - @GabrielDVine

RT @mises: The Bitcoin Standard, written by @saifedean Ammous, cuts through the hype and examine crypto technology through a rigorous Austrian lens. The result is a phenomenal book. #MisesWeekends w/ @JeffDeist https://t.co/Kcf1eWfZbI

92 235

Honey⚡₿adger - @bitcoinister

RT @mises: The Bitcoin Standard, written by @saifedean Ammous, cuts through the hype and examine crypto technology through a rigorous Austrian lens. The result is a phenomenal book. #MisesWeekends w/ @JeffDeist https://t.co/Kcf1eWfZbI

84 202

Dennis Parker⚡️ - @Xentagz

RT @mises: The Bitcoin Standard, written by @saifedean Ammous, cuts through the hype and examine crypto technology through a rigorous Austrian lens. The result is a phenomenal book. #MisesWeekends w/ @JeffDeist https://t.co/Kcf1eWfZbI

52 135

Christopher Wheeler - @Stocktrader

Saifedean Ammous on Bitcoin Hype | Saifedean H. Ammous, Jeff Deist https://t.co/0zIBWxdC8O

0 0

Pierre Rochard - @pierre_rochard

RT @mises: The Bitcoin Standard, written by @saifedean Ammous, cuts through the hype and examine crypto technology through a rigorous Austrian lens. The result is a phenomenal book. #MisesWeekends w/ @JeffDeist https://t.co/Kcf1eWfZbI

20 40

Marty Bent - @MartyBent

RT @mises: The Bitcoin Standard, written by @saifedean Ammous, cuts through the hype and examine crypto technology through a rigorous Austrian lens. The result is a phenomenal book. #MisesWeekends w/ @JeffDeist https://t.co/Kcf1eWfZbI

9 14

U.S. Customs and Border Protection will start “live fire testing” blockchain functionality to verify NAFTA and CAFTA certificates of origin in September, CBP Business Transformation and Innovation Division Director Vincent Annunziato told reporters on Tuesday during the CBP East Coast Trade Symposium i..

2

The new technology most associated with cryptocurrencies promises to make transactions faster, cheaper, and more secure, while decentralizing the internet. What investors should know.

1 3

Get your Coinkite, Opendime and Coldcard product here!

3

2

The South Korean government will invest over $880 million next year in order to boost the development of innovative technologies including blockchain.

14 5 show 2 more

ABitcoinAllBot 1 day ago

Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: slacker-77

1

PuppetPatrol Positive | 10 months old | CC: 1206 karma 3 days ago

Note it's "for tech including blockchain", not, "for blockchain tech"

1

popscrypto 3 days ago

Blimey.. 😲

3

Awol2222 3 days ago

Those Koreans sure do love them some Blockchain

4

cryptohoe88 2 days ago

Clearly!!

3

Awol2222 2 days ago

They’ll be one of the first that goes all in

2

eschulist 3 days ago

One of the blockchains being funded by the Korean government is Medibloc.

https://medium.com/medibloc/ann-medibloc-to-participate-in-nia-project-abb6837dce70

0

qthistory CC: 2615 karma 3 days ago

This story again? The money is going to fund a new government agency to regulate crypto.

1

Bullishboyy 4 months old | 46 cmnt karma | CC: 5 karma WTC: 49 3 days ago

Great news for WTC since they are one of the leaders in Korea as it comes for blockchain. They recently opened the Korean Blockchain Institute.

6

pizzatoppings88 48530 karma | CC: 276 karma BTC: 1195 karma Ripple 3 days ago

Lol at you guys saying "NO REGULATION NO GOVERNMENT" but then news like this pops up and you guys are like "GOOD NEWS YAY ADOPTION"

1

Franko1995 Positive | CC: 451 karma WTC: 946 karma 3 days ago

They will fund Korean Blockchain Institute (prievously WaltonChain blockchain Institute)

5

OHYAYAYASSS 3 months old | CC: 501 karma WTC: 1349 karma 2 days ago

Confirmed : [https://twitter.com/Waltonchain/status/1030371995244998656](https://twitter.com/Waltonchain/status/1030371995244998656)

2

certou 6 months old | 21 cmnt karma | New to crypto 3 days ago

This is really good for ICX, check ICX Community here: https://cryptocrawl.com/coins/icon

7

BriannaBosworth Positive | 6 months old | CC: 5 karma 3 days ago

Great news!

1

Buttlet 122316 karma | New to crypto 3 days ago

LOAD THE KOREAN FUD

NOW PAMP EET

16

ectaplatform 1 month old | 24 cmnt karma | New to crypto 3 days ago

That's great.

1

iuli123 CC: 1004 karma 3 days ago

Good news for ICX

22

BitttBurger CC: 5903 karma BTC: 18091 karma 3 days ago

Huge news for ICX. It’s insane to me how much they are storming forward with partnerships in medicine, education, finance, etc. I have their Twitter @helloiconworld set up with tweet alerts, and practically every time I wake up there’s a new tweet about a collaboration with an established real-world business, or major step forward in infrastructure. I dont think anyone here has any idea how huge they are going to be. The infrastructure they’re building right now as a framework puts every other crypto to shame. Examples just in the last week: https://twitter.com/helloiconworld/status/1028900232371884033?s=21 https://twitter.com/helloiconworld/status/1028832936135614464?s=21 https://twitter.com/helloiconworld/status/1028154138134290432?s=21 https://twitter.com/helloiconworld/status/1027076742417182726?s=21 https://twitter.com/helloiconworld/status/1026760592726654976?s=21 https://twitter.com/helloiconworld/status/1023819133778112513?s=21

6

rocksodr 3 days ago

Icx is the most undervalued top 10 project currently lol.

5

CalmBotanicals 23 days old | 26 cmnt karma | New to crypto 3 days ago

It’s nowhere near top 10 at the moment.

3

thabootyslayer 5 months old | CC: 1360 karma NANO: 840 karma 3 days ago

ICX isn't even mentioned in this article....

4

6 show 3 more

Henry Brade ⚡ - @Technom4ge

RT @lopp: Announcing the release of my latest tool, the Bitcoin Extended Public Key Converter. This will come in handy for developers who need to convert between xpub/ypub/zpub/tpub/upub/vpub formats. May also be useful for users when setting up watch-only wallets. https://t.co/AFwpaErj5R

69 220

Christopher Wheeler - @Stocktrader

RT @lopp: Announcing the release of my latest tool, the Bitcoin Extended Public Key Converter. This will come in handy for developers who need to convert between xpub/ypub/zpub/tpub/upub/vpub formats. May also be useful for users when setting up watch-only wallets. https://t.co/AFwpaErj5R

69 220

Nick Neuman - @Nneuman

RT @lopp: Announcing the release of my latest tool, the Bitcoin Extended Public Key Converter. This will come in handy for developers who need to convert between xpub/ypub/zpub/tpub/upub/vpub formats. May also be useful for users when setting up watch-only wallets. https://t.co/AFwpaErj5R

21 82

Pierre Rochard - @pierre_rochard

RT @lopp: Announcing the release of my latest tool, the Bitcoin Extended Public Key Converter. This will come in handy for developers who need to convert between xpub/ypub/zpub/tpub/upub/vpub formats. May also be useful for users when setting up watch-only wallets. https://t.co/AFwpaErj5R

22 85

Michael Goldstein - @bitstein

RT @lopp: Announcing the release of my latest tool, the Bitcoin Extended Public Key Converter. This will come in handy for developers who need to convert between xpub/ypub/zpub/tpub/upub/vpub formats. May also be useful for users when setting up watch-only wallets. https://t.co/AFwpaErj5R

21 82

Jameson Lopp - @lopp

Announcing the release of my latest tool, the Bitcoin Extended Public Key Converter. This will come in handy for developers who need to convert between xpub/ypub/zpub/tpub/upub/vpub formats. May also be useful for users when setting up watch-only wallets. https://t.co/AFwpaErj5R

22 85

BY ALLISON LEVITSKY Daily Post Staff Writer High-tech criminal charges call for high-tech bail in Silicon Valley. A man charged with hacking the Redwood City video game company Electronic Arts [...]

25 1 2

mummouth 6 hs ago

https://media.giphy.com/media/EouEzI5bBR8uk/giphy.gif

1

6adcc94f2804 Pay-In-Cash Rights Activist 9 hs ago

Send the court some Bitcoins to get out!

This is truly cyberpunk!

Then the police arrest you again immediately, since the coinflow was linked to a busted money laundry network...

Should have sent Monero, but in terms of confidentiality and privacy, cash is better... Really, the Bitcoin community is doing so little to improve the confidentiality on the blockchain (LN is better since it's off-chain). All the good CoinJoin schemes on paper are never implemented in practice.

In the cyberpunk era, the real cyberpunks are those people who use as much cash as possible, I guess.

2

_akash_soni redditor for 2 months Yesterday

https://s3.amazonaws.com/lowres.cartoonstock.com/law-order-counterfeiter-counterfeit-jails-jail_term-bitcoin-hscn3570_low.jpg

1

PowerShare redditor for 7 weeks Yesterday

Hmmm interesting, if we compare it to fiat, FIAT has a big value because governments guarantee you can pay taxes with that, that is a demand driver for the fiat. IF bitcoin can be that then HELLO adoption, price movement doesn't matter in this case because you can always have spot price. correct me if i am wrong.

1

Spiritual_Industry redditor for 3 months 1 day ago

This is really great news for crypto users, hope this will be implemented to other countries.

1

sorry84 1 day ago

Do they refund in butts or dollars?

1

CleverNameAndNumbers 5 hs ago

When he's done the court process he gets his butts back.

1

cleroth 1 day ago

Hi Jumpingcords. Thanks for contributing. However, your submission was removed from /r/Futurology

Rule 11 - Titles should accurately and truthfully represent the content of the submission.

Refer to the subreddit rules, the transparency wiki, or the domain blacklist for more information

[Message the Mods](https://www.reddit.com/message/compose?to=/r/Futurology&subject=Question regarding the removal of this submission by /u/Jumpingcords&message=I have a question regarding the removal of this submission:) if you feel this was in error

1

RossRick 1 day ago

CC is garbage. I bought some about the end of last year and i have yet to see any gains.

0

gulfbitcoin 1 day ago

Single court, single case, single defendant. The author of this post struggles with the comprehension of plurality, apparently.

2

iFroge 1 day ago

Buy drugs with crypto get out with crypto buy more drugs with crypto

1

eggn00dles 1 day ago

Seems like they want to make arresting crypto fraudsters as profitable as possible in the future.

1

spacebizzle 1 day ago

Use it on the dark web to buy and sell drugs and then on bail to get you out when you get busted..what an amazing and useful currency!

1

currencycrypto_io redditor for 3 months 1 day ago

It’s hype... b...u...

0

currencycrypto_io redditor for 3 months 1 day ago

Proof that it is real storage of value, that even our unscrupulous gov wants to get their greedy paws on...

0

LemmeWinbro 1 day ago

is a trap!

1

Mistic7 1 day ago

So could you use a computer in jail to mine and make the money for a lawyer?

2

Lumi_wallet redditor for 3 months 1 day ago

First it's fair to pay bail in crypto, Second it proves that crypto works and has future

1

RyH434 1 day ago

There seems to be a lot of fake articles about bussiniess and courts taking crypto as payments. I work in a dispensary in Colorado and a bogus article reported we accept Bitcoin. That was two years ago and fools still show up trying to pay with Bitcoin.

3

jmccar1200 1 day ago

Because their ponzi scheme needs new victims.

0

rxz023 1 day ago

You must be talking about the US dollar. That thing has only gone down in value over time and the central banks keep buying assets with that fake money. Bitcoin is fixed in units unlike the scam US dollar. https://www.youtube.com/watch?v=aU72RwQAZSE

2

jmccar1200 Yesterday

Lol. Bitcoin is fixed in units. Except for the fact that not all the coins have been mined yet, I guess that is true. Bitcoin is the scam. No question about it. All world class investors agree. It is a ponzi scheme. Plain, simple, stupid.

1

Mayor__Defacto 1 day ago

Where I work, our office pays a flat rate on electricity per square foot. We mulled over mining bitcoins to pay for the rent as a result. Lol

1

jmccar1200 1 day ago

There's a Silicon Valley episode where a *screeching* monster voice plays every time the price if bitcoin drops below the level to sustain profitability. I suppose nowadays that would be an even worse idea. LOL

1

Mayor__Defacto 1 day ago

Well, as I said, we pay a flat rate for electricity - so that’s not even a factor. Commercial real estate yo. We pay that price whether we’re mining or not...

1

jmccar1200 1 day ago

Because their ponzi scheme needs no victims.

1

mydaddyisadrunkass 1 day ago

Feds are probably expecting a large number of politicians in the near future and know they have cryptocash stashed. Lol.

2

eigenman 1 day ago

Title is trash. Federal courts in general are not allowing crypto. It's just this specific case and maybe one other because the guy only has crypto assets.

5

jstolfi 107305 karma | CC: 27 karma BTC: 3662 karma 1 day ago

Next time I travel to the US I will consider carrying a bunch of Paycoins, with a certificate from Josh Garza saying that they are worth $20 each. Just in case I accidentally seduce some politicians and NRA leaders, or run a presidential campaign by mistake.

1

drprivate 1 day ago

Absolutely incorrectly written and reported

It is NOT allowed by courts in any way shape or form

The judge ORDERED this one this way to get the idiot to have a reason to come back, since the dude had no assets or $ to pay

This in no way shape or form means the court allows it. The court ORDERED it ONE TIME

Big difference, bad header, and horribly written article

150

tigersharkwushen_ 1 day ago

Precisly, the headline made it sound like the defendant requested to pay it in bitcoin when it's the complete opposite.

4

jmccar1200 1 day ago

They shouldn't order it ever. The prosecutor should appeal the order for bail. Terrible, terrible precedent.

15

og_french 1 day ago

Great news for ICO Fraudsters and crypto scammers: you can now use the very same crypto you stole as bail!

9

bchparity redditor for 5 days Yesterday

the government just wants it's cut from the loot.

1

SHREDERZ 11 months old | CC: 178 karma LW: -15 karma 1 day ago

they can easily cash it out w.e the case maybe.

1

kwanijml 1 day ago

So long as the IRS sees it as a capital asset, it doesn't matter what the courts treat it as. There will never be mass adoption (necessary to bootstrap network effects so that bitcoin can begin to stabilize and be used as a unit-of-account money) where people have to massively complexify their tax situation in order to adopt an alternate currency.

1

currencycrypto_io redditor for 3 months 1 day ago

They created it... they will mass adopt it... Alan Greenspan is Satoshi! Now what?!

0

These are the 2nd and 3rd most common questions I get from legacy investors searching for mental models to project value based on future user base. What they are really (rightly) grasping for is…

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Masayuki Tashiro, a prominent Japanese market analyst, has said that the price of Bitcoin will easily surpass 1 million yen, or $9,000, by October. In an interview with Bitcoin.com, Tashiro...

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Ethereum Foundation Grants Update We’ve been hard at work getting to know so many amazing people and projects, and are extremely excited to announce the recipients of the Wave 3 of the Ethereum Foundation Grants Program! We kicked off 2018 with a blog post to galvanize scalability research for first...

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Despite the sluggish price, the world’s most popular cryptocurrency has been settling more transaction volume than gold since Q2 2017. Bitcoin Showing Regardless of the bearish market, though, the world’s largest cryptocurrency settles more transaction volume than gold consistently.