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Ethereum is changing the world and I cannot contain myself 😭😭

An introduction to Holder Finance

No need to wait for SEC report to hunt big insider Sales either, if stock all tokenized, should human choose to do so.

Fascinating topic. I really tried to understand his explanations... But I largely failed. Still excited for what it can bring to Ethereum.

"This post will try to explain how ZK-SNARKs work, in a way that should be understandable to someone with a medium level of understanding of mathematics."

In other words, you better have a doctorate if you want to understand this.

Hey there nice

All I hear is about how much Bitcoin whales are hoovering up, but why is the price not moving

They should also consider buying some altcoins together with the Bitcoin probably for research purposes, some altcoins like Cartesi is something worth researching on.

Welcome Harvard Hodlers!

Institutions FOMOing

This means they’ve doubled their money. Nice!

Georgia Tech started integrating Bitcoin into “Buzzcards” as far back as 2014

Do they even need all this?

girl, same

and what is your take on this OP?

Do they pay tax on this?

YES! and there are more bigger corporations that are buying bitcoins as well!

YES! and there are more bigger corporations that are buying bitcoins as well!

I Would love to get a scholarship based on Crypto!

Sure. There isnt any real harm in investing in bitcoin.

I’d find it an issue, however, if an endowment intended to fund education for a program was being spent on Bitcoin.

I thought Harvard was smarter and bought the dip.

Well there you have it folks. Up next - Church of England has been buying ETH for the last two years.

I go to USC. Although my university is not as prestigious as these other Ivy League schools, I am studying blockchain and bitcoin in classes. I know a number of different uc schools are also implementing blockchain/cryptocurrency classes like Berkeley and UCLA.

Explains the sudden policy turnaround. 😂

But still, idiot traders losing their Bitcoin by selling low.

Put your life savings in and hold on

Shocker.

Smart money at institutions buying BTC on the down low because there are still so many haters and FUDsters that make trouble

The people who run these endowments are no dummies. I know that one of the guys at Harvard’s turned away a very promising career in theoretical physics for a position there.

Can they also start accepting tuition in crypto? If they're secretly buying and stacking up as institutions, the least they can do is to start accepting cryptocurrencies as payment for tuition fees. This way, not only would they be recognized for contributing to the speedy mainstream adoption of cryptocurrencies, they would also be known for transforming ecommerce and payment ecosystem from what it used to be. Amazing news btw!

Ha! So, they've been buying all along, as well as other 'institutions' - the term "priced in" now comes to mind for all those waiting for big money to enter the game

I'm baffled by how Alden can both get so much right and so much dead wrong. Let's just take a look at this one thing.

“Ethereum developers change their monetary policy as often as the Federal Reserve does, and for similar reasons.”

Ooh, I so disagree with this. For the sake of fairness, I will quote Alden fully below rather than use the open letter's paraphrase.

Many Bitcoiners would disapprove of the fact that there’s no hard issuance rate or hard cap for Ethereum tokens on EIP 1559. I actually don’t have a fundamental problem with EIP 1559; I think it’s a much better monetary policy than Ethereum has been operating with so far, and is well thought out. As long as the monetary policy is rules-based and results in relatively low issuance, I think that can work for what Ethereum is trying to accomplish with its protocol (as an oil-like enabler of dapps, rather than as a gold-like scarce collateral). Indeed, the highest potential rate of issuance in the proposed EIP 1559 system is quite low, and some potential outcomes are deflationary on net, if there is high transaction throughput relative to the number of validators choosing to operate on the network.

However, my problem is that given how many times Ethereum’s monetary policy has changed already, why would I assume EIP 1559 will be permanent? Ethereum developers change their monetary policy as often as the Federal Reserve does, and for similar reasons. Maybe if EIP 1559 is in place for five years, proves itself to work as intended, and doesn’t change, and Ethereum 2.0 is operating smoothly, I’ll agree there’s reasonable confidence that it won’t change anymore and that the system is working as intended. Until then, all I can do is watch and see how things turn out.

This is dead dead wrong.

The problem isn't the issuance rate, but the trend of issuance policy. Fiat currencies (as represented with the Federal Reserve) start with relatively low issuance and trend towards infinity. Although there are some exceptions, crypto issuance rates tend to start high and trend towards zero. For the sake of argument I'm also going to include static issuance as a crypto-like behavior to show the issue.

Now...how long does it take for each of these to become worthless, which I will define as infinite supply?

If you have static issuance, your issuance will follow a straight diagonal line and reach infinite supply in infinite time. This is not necessarily a bad thing because not all cryptos need to "store value," and infinite time doesn't really exist outside of abstraction. I can totally see Gen 5 cryptos using this kind of issuance model once speculators are done assuming that they must turn a profit.

If you have an issuance rate which trends towards zero, the issuance trend will follow a horizontal asymptote, meaning it will trend towards a finite final supply total, even given infinite time.

If you have escalating issuance, then your issuance trend follows a vertical asymptote. There is a specific moment in time when the money supply goes infinite and the currency becomes worthless.

These are drastically different functions. One is functionally stable for all meaningful time tables, another is definitively stable given an infinite timetable...and the last? We might not know exactly when it will happen, but we can mathematically prove that the US Dollar will have an expiration date.

Lyn is far too smart for these simpletons.

Some of the most fascinating reading I have done on Ethereum in recent times, thanks for the link!

Holy shit, David that was great. Thanks to everyone that responded too!

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Rather than sending bitcoins to some obscure place, there are more useful things to do.:

The FSB is very likely to have stolen 530,000 bitcoins and it is not known where they are. There are many articles like

https://www.bbc.com/news/world-europe-50821547

https://www.coindesk.com/criminal-case-against-failed-wex-exchange-points-at-russian-law-enforcement

Supposedly they partially finance covert operations. I have a suspicion that they are also used to cover the expenses of Internet trolls (probably also in rededit).

I unfortunately don't know much about the bitcoin chain, but I suppose that some of the above mentioned bitcoins can be traced, who spends them and who receives them.

That would be a good answer to western financial executives, who argue that bitcoin is evil and a good tool for crime. Finding a couple of these bitcoins would show that, on the contrary, bitcoin is not at all suitable for heavy fraud as opposed to cash.

Who would take on this and question to knowledgeable people, is it realistic?

Give up bitcoin to clearly a color revolution stooge propped up by western intelligence services. Yeah fuck off.

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I’m surprised he isn’t dead yet. Hopefully this is the start of real change in Russia

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Navalny has never, for instance, made any attempt to hide his Russian nationalist sympathies. In 2006, he openly said the Russian March (an ultra-nationalist, far-right demonstration) should take place, and a year later he founded a political organisation, The People, which aligned with the openly nationalist Great Russia and Movement Against Illegal Immigration movements.

https://www.spectator.co.uk/article/why-navalny-may-not-be-a-friend-of-the-west

I'm all pro-Bitcoin and the anti-censorhsip use case in particular, but Navalny is, to put it bluntly, full of shit.

Source: being a native Russian, clued up on Russian politics, and merely my humble opinion.

Remember when right wingers got BTC sent to them and it got called terrorist financing? Hmmmm.

Where can I sent him some funds? This is why Bitcoin is freedom We can help someone by donating while it wouldn't be that easy if we would have to use fiat

This is pretty important. I'm going to send some funds in after some due diligence.

https://www.reddit.com/r/Bitcoin/comments/kqyg0l/a_2nd_american_miner_marathon_patent_group_is/?utm_source=reddit&utm_medium=usertext&utm_name=Bitcoin&utm_content=t1_gkpquj4

tldr; Nasdaq-listed Marathon Patent Group bought $150 million in bitcoin for around $31,100 each during the crypto asset's recent price rout. Marathon is the latest publicly traded company to swap a cash treasury for bitcoin, and one of the largest by sheer investment size. CEO Merrick Okamoto said the bitcoin buy "accelerates" his mining company's transformation into a "pure-play bitcoin investment option"

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Was this the big reveal? This is nice but not what I expected.

Grayscale gave their own company a huge tax write-off in the form of a donation. They played the news up as big and note worthy, when all they really did was help themselves all in the name of "helping the crypto world".

That would be like me donating 1 moon if compared our portfolio size/donation ratios😂

tldr; Grayscale Investments is donating $1 million to support the non-profit Coin Center's policy advocacy mission. The digital asset manager has pledged to match further donations of up to $1.5 million till the end of February. Grayscale is a subsidiary of Digital Currency Group, CoinDesk's parent company.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

We need much more of this kind of stuff, feels very weird that I almost never see this kind of thing!

Sounds a but grey to me;)

Is this the big announcement they had today?

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This is just the beginning

Yesssss FINALLY

One of the skeptic's arguments is that even after a bitcoin transaction is complete, the bitcoin network needs to be perpetually up and running to facilitate the value - at any point in time. The pro-bitcoin guy then conflates the bitcoin network with the entire internet, arguing that it would be some apocalyptic shit if the entire internet went down. It's such a fucking butter thing to do, turning perfectly valid arguments into strawman arguments and then arguing against those.

The entire internet doesn't need to be up & running, asshole. That wasn't the argument. Just the bitcoin network. And no, the world doesn't need to end for the bitcoin network to be disrupted - by governments, by internal flaws, by attacks of all kinds. He didn't say bitcoin transactions rely on the entire internet - he said bitcoin transactions rely on the bitcoin network. The entire internet shutting down is much less likely than the bitcoin network shutting down. I'll give him that - but again that wasn't the argument, asshole.

That was great. Thanks for the recommendation.

A lot of entertaining small stories, the insider-trading nocoiner bitcoin-wife especially.

Nocoiner claims that Bitcoin is politically / strategically / economically disadvantageous to the US in favor of (primarily) China and that it is feasible that the government effectively shuts it down.

Coiner claims that the benefit to China is not significant politically but that Bitcoin benefits poorer countries outside of the US as a positive externality. US benefits from large crypto infrastructure revenue in exchanges and services.

They both agree that Tether is a black box and huge liability, they mostly disagree about degree and the quality and quantity of the market manipulation. Coiner claims Tether going down would be good for crypto while nocoiner claims it could be the pretext for the US clamping down on crypto usage for US citizens.

A recurring theme was coiner not actually addressing the nocoiner point by misrepresenting it as absolutes or just not comprehending it originally.

Coiner claims that crypto holders are compliant with laws, particularly tax evasion laws, and that undermining the state not being a goal or likely outcome, then later claims that he will break the law by using crypto as a dissident if the US outlaws it for US citizens.

Nocoiner claims that crypto is divisive and fuels division in the US while coiner claims that the impact of crypto is negligent and niche in that context.

I got the impression that coiner was less consistent by jumping back and forth between exactly what the purpose and role of Bitcoin would be for US citizens and was making the case of the noncoiner by accident a couple times by misinterpreting their argument.

They agree that the public ledger is incredibly transparent and a complete black box at the same time at the point it hits the real world and that anyone looking at it can find a story and pick their paper but that the political realities will eventually hit, they just disagree about what they will be.

Got through about 20 minutes, then I had to bail. The Cryptocult guy was just spinning out buzzword laden drivel, and it is clear despite his attempts to intellectualise his fanaticism, it boils down to Bitcoin is good, because number goes up.

Early on he claims Bitcoin is not dependent on any state actor, I would suggest the Chinese government, and its subsidized energy, would refute this claim. Even ignoring this, energy infrastructure more broadly, the Internet, and a whole host of other technologies that are required for Bitcoin to operate, exist as a result of national governments making huge investments, to create this infrastructure. Bitcoin is a product of technologies and utilities, that would not exist in this moron's stateless utopia.

Those of us who have been around the block rather more times than we may care to admit, do tire of these snot-nosed jerkoffs, offering up a stale loaf, that their age and inexperience leads them to believe is fresh from the oven. Sorry kiddos, it was crap when we were debunking it on Usenet in the 90's, and it remains so today.

The only regulation we need is the blockchain.

Snapshots:

1. Podcast Debate: coiner vs nocoiner ... - archive.org, archive.today*

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Yes, I listened to it and I have to say 2 hours of this is way too much, but if you have nothing better to do with your time. I like Mike Green in general, though i think his arguments here are not well thought trough. The coiner guy just annoys me