Token Daily

Privacy will still exist. Either this will be made illegal in the developed world and legislation is passed to protect everyone’s privacy, or people will start wearing masks.

1

Jericho_Initiative 44 mins ago

Problem solved! Good thing too, for a moment it seemed like people really didn't understand the breadth of intractable implications this technology actually represents. I'll buy a mask.

1

VonBassovic 2 hs ago

Interesting!

1

warsie For New Afrika! 2 hs ago

/r/stallmanwasright

1

Arealentleman 2 hs ago

“might lead to a dystopian future or something,”

-Beavis

1

bendalazzi 2 hs ago

Please check the rules before posting

1

crankydwarfcomic 3 hs ago

Facebook isn’t that secretive. They practically broadcast the fact that they don’t care about individuals' privacy.

2

verasttto 4 hs ago

This is the natural progression. Privacy as we know it is already dead, don’t pretend it isn’t. Eventually I’ll download an app on my phone and be able to scan someone’s face, or car, or house, and it will cross reference with the entire internet and find me every little detail about that person, even be able to purchase some details like what do they like to buy, where do they eat out?

And FINALLY the GOVERNMENT(they are supposed to work for us) will put in LAWS, ENFORCED LAWS, to protect us.

But they don’t want to do that right now, because then they’d have to A. Protect us & B. They’d have to admit just how much surveillance they have on every human

Similar to the laws in regards to targeting people online with political ads, and using their political data to influence their decision. Eventually you’ll be able to sort by “least liked per capita” and find out what that bunch of people likes, send targeted ads DIRECTLy to those people, each ad personalised a small way to greatly influence the decision of the voter(oh wait that happened in 2016 Caimbridge Analytics).

FINALLy the government will put in LAWS, ENFORCED LAWS, to protect us.

But they won’t do that right because then they wouldn’t be able to manipulate us so well online, and they would have to show just how much data they have on us.

So what do they do instead? Put the responsibility on the companies, and when people get angry the government just says “yeah look it’s Facebook doing it not us we asked them to stop but dunno we are screwed you guys should quit Facebook if you don’t like it”!

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Jericho_Initiative 3 hs ago

The unfortunate part is that there can be no counter argument, no academic dismissal of the purely negative impact this technology will create. It will no longer be a topic once a government has the power to see and hear not only what a person says, but what they think, where they are, who they speak with, what they're afraid of, and what they wish for. A government will do what a government does; gather and leverage information to obtain it's goals under the threat of harm. Acceptance of the technology is definably - inexorably - game over for any possible flavor of Democratic Republic. This isn't a personal value statement, a partisan consideration, or an opinion. It's explicitly discussed by the statesmen and philosophers who dedicated their entire lives to its study. What remains after a government has been granted the totality of knowledge, doesn't have anything to do with 'the people' and everything to do with 'the state'. Whoever is in power will, for the first time in human history, have the ability to see into the minds of every person within their boundaries. The abuse potential is total and so far, we don't seem to care. However it works out, however it is eventually addressed, if it is to be at all. Doesn't matter, and won't be found on Reddit. The technology is far too powerful to be trusted to a single politician or political party. It's an existential threat in a way that spans generations, that once done, can never be returned from. That it's here is inarguable. That it will be used is a guarantee. That technology is unique in it's nature is undeniable. It's the literal obligation of a citizenry to not be okay with something like this. Picture your worst enemy having this tool - if you're not okay with that, then you already understand. Nihilism is only a valid response for so long - and then it's just fear. Personal belief be damned.

3

coldboat 4 hs ago

Paywalled

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lerobinbot 5 hs ago

nice

1

BethofDeath 5 hs ago

Take off and nuke it from orbit. It's the only way to be sure.

More seriously, use the system to track down all the dirty politicians and the dirty doers of their dirty deeds.

A law will get passed to make the service type completely illegal lickety-split.

1

Chrisbo99 5 hs ago

Lmao. Only good thing about being psychotic is that you can see shit like this coming years ahead of other people. Downside is you become a paranoid moron who can’t function in society

14

Cho-Papa 4 hs ago

What else is coming in the future?

4

rememberyikespencils 39 mins ago

Free sex. Also I've been informed by my sources that credit cards will be interested free soon. No one believes me but it's the truth.

1

Hencher27 3 hs ago

Flying cars...any fucking day now.

2

3DGuy2020 1 h ago

Fusion power... any fucking hour now.

1

dbroyles 1 h ago

That was never going to happen with people driving/flying them. Maybe once autonomous cars are perfected.

1

lemonparty Fuck Che 5 hs ago

While the company was dodging me, it was also monitoring me. At my request, a number of police officers had run my photo through the Clearview app. They soon received phone calls from company representatives asking if they were talking to the media — a sign that Clearview has the ability and, in this case, the appetite to monitor whom law enforcement is searching for.

The most terrifying paragraph in there.

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Dreamer_Memer 6 hs ago

Do you think they can pick out the manager skulls from the worker skulls? Since police are all about protecting capitalists' interests, it would make sense for them to cranially profile the population in order to keep the workers subdued.

1

PatientReception8 7 hs ago

Nvidia was doing this in 2015.

1

KropotkinKlaus 7 hs ago

Hmm.

Kinda off putting, but with APIs these days, I wouldn’t be surprised if there’s dozens of companies like this. I also wanna see if I can make similar code, because theoretically it’s not crazy difficult, which is off putting in its own right.

And naturally, like many facial recognition, before I even finish reading, I’m gonna bet it has trouble with non white faces

3

KingoftheJabari Verified Blackfella 7 hs ago

>I’m gonna bet it has trouble with non white faces We could only hope.

3

KropotkinKlaus 6 hs ago

Nah bro, it’s just the digital equivalent of “matching the description” but with a “can’t fight science” confidence behind it

2

Squad_Squirtle 7 hs ago

Well, the story was behind a paywall, so how about we just focus on ending capitalism?

We need to take power from the owners and distribute it to the masses. Join the struggle!

Workers World, PSL, People's Power Assemblies http://peoplespowerassemblies.org/ | Southern Worker's Assembly http://southernworker.org/ | Worker Solidarity Network https://workersolidarity.net/ | International Action Centers https://iacenter.org/ | Black Alliance for Peace https://blackallianceforpeace.com/

2

MasterMorgoth 7 hs ago

Paywall and outline doesnt work

1

AlbertFairfaxII Goldilocks Libertarian 8 hs ago

It’s a private company, it’s allowed to collect the data it wants and sell the data to who it wants to.

-Albert Fairfax II

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Beanyurza 8 hs ago

Privacy died in the name of convenance.

This is now adding "safety" to convenance.

5

inspiredinsanity 9 hs ago

No. We are not ready. Yes. This was inevitable once we all became comfortable with our privacy in constant threat (location tracking for example).

His tiny company, Clearview AI, devised a groundbreaking facial recognition app. You take a picture of a person, upload it and get to see public photos of that person, along with links to where those photos appeared. The system — whose backbone is a database of more than three billion images that Clearview claims to have scraped from Facebook, YouTube, Venmo and millions of other websites — goes far beyond anything ever constructed by the United States government or Silicon Valley giants.

1

kurttheflirt 10 hs ago

Well it’s here. We will need some strict laws in the future to get rid of this stuff but I’m afraid it won’t happen :-/

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oboist-ru 10 hs ago

Inevitable if you ask me

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ScipioAfricanus236 10 hs ago

Sure, that might lead to a dystopian future or something, but you can’t ban it.

Man with large amounts of money invested in dystopian future doesn't want to try and stop it.

Mr. Schwartz and Mr. Ton-That met in 2016 at a book event at the Manhattan Institute, a conservative think tank.

Of course.

I have no idea how this sort of thing works, but it feels like there should be some potential for a lawsuit here. Maybe some class-action suit since this company is making money from photos they don't own the copyright to? It's just so fucked up.

3

pc43893 10 hs ago

While the company was dodging me, it was also monitoring me. At my request, a number of police officers had run my photo through the Clearview app. They soon received phone calls from company representatives asking if they were talking to the media — a sign that Clearview has the ability and, in this case, the appetite to monitor whom law enforcement is searching for.

Just wow. This has Bond villainy vibes.

Not only are they making this in spite of the moral implications even Google shied away from, they're also immediately blatantly demonstrating their disregard for why it's bad.

"Sure, that might lead to a dystopian future or something, but you can’t ban it."

I assume at some point the rebellion will send back a T-800 to kill this guy.

21

liatrisinbloom 9 hs ago

> "Sure, that might lead to a dystopian future or something, but you can’t ban it." The blase attitude here says it all. Technology is more important than morality, and *humanity* - both in the moral sense of the word humanity and in the personhood sense of the word humanity. Insert 'this is why aliens don't talk to us' here.

6

mission_improbables 8 hs ago

> The blase attitude here says it all. Technology is more important than morality, and humanity because their 'masters' have put them up to it which is why they walk and talk with such bazass. this is also why they also talk with such certainty like "it is going to happen and there's nothing you can do about it!" this type of massive arrogance only comes from massive power sources and these power sources are ancient in origin.

3

txstoploss 10 hs ago

Flood the thing. Spam stock photos or better yet "AI-generated" ones to your social-media accounts under multiple generic names.

1

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gingertrees 3 days ago

Eh, we already know that pregnancy changes the brain's structure - it makes some sense that oral contraceptives could also affect it. (There are many articles about this, here's one that is not behind a paywall.)

10

AmericanLich 3 days ago

I shall now inoculate myself with every known germ to gain all immunities

3

1Delos1 3 days ago

Can't wait for the man pill to come out.

1

boraca 3 days ago

Vasectomy and freeze some for later.

0

_Ambarussa_ 3 days ago

Men will never be expected to put up with the side effects women have. Although on the other hand, they wouldn't be the ones getting pregnant (pregnancy is probably way worse than the pill for most women).

3

AlexTheGreat 3 days ago

Many women also derive other benefits from the pill which would be unlikely to be present for a male contraceptive.

6

pj3lly 3 days ago

What are the other benefits besides the primary one?

1

LopsidedSupermarket 2 days ago

For some women it makes their boobs bigger.

2

BetterThanICould 3 days ago

It can help manage PMS, period pain, acne, and endometriosis. There may be other things too that I don’t know about or have forgotten.

4

pj3lly 2 days ago

Thanks for the insightful reply!

1

richardpway 3 days ago

Normally women are attracted to individuals who have different immunity genes than themselves. It is thought that they can smell the difference, and by doing so increase the chance their children will be healthier. But women taking 'The Pill' have been shown to be attracted to individuals with the same immunity genes. This could explain why. When women stop taking the Pill they change back their non pill attraction after a few months.

17

mgtowboy_29 1 month ago

TLDR - Women who take birth control pills have 6% smaller size of Hypothalamus.

This brain part works on involuntary functions, body temperature, appetite and emotions.

The university researchers say birth control pills are not the exact reason why it’s so small. But they just see it’s small for women who take the pills.

3

YosonLongwood 1 month ago

Holy shit Borat was right!

1

thesoupissewsew 1 month ago

Some excerpts from the article:

On average, the women taking the pill had a hypothalamus that was about 6% smaller than it was in women not taking the pill, the study found. For a brain region, "that's a pretty sizable difference," Lipton said.

...exactly what the effects of a smaller hypothalamus might be are not entirely clear, Lipton said. The study shows that women taking the pill do not have smaller brains overall and that their mental abilities are not affected. However, the researchers did find that a smaller hypothalamus is associated with increased anger and symptoms of depression.

But Lipton cautions that these are preliminary findings from a small study and don't prove cause and effect. In other words, the researchers cannot prove that birth control pills directly cause a smaller hypothalamus.

It's still too early to conclude how oral contraceptives affect the brain, if at all, Lipton said. "We're not saying that people should run out and throw away their birth control pills," he said. If anything, the results may simply point to a question that warrants more research, he added.

3

Jailbreaker2133 1 month ago

What is the connection to Islam?

5

Ken_Mishima_450 1 month ago

This is interesting, but why have you posted this here?

4

resipisence 1 month ago

https://www.sciencedirect.com/science/article/pii/S0941950018301763

Mood lability was less severe in oral contraceptive (OC) users compared to non-users (d = .30).

Non-users reported more frequent mood lability occurrences than OC users (d = .41).

OC users reported higher relationship satisfaction levels than non-users (d = .31).

Mood instability mediated the OC-relationship satisfaction association.

Mood instability accounted for 44% of the variance in relationship satisfaction.

6

Inductivist 1 month ago

So assuming the two studies are correct, women using contraceptives are angrier and more depressed but in a steady fashion, so it appears the men can handle reliable bitchiness over being bi-polar.

1

pene_grande_ghost 1 month ago

Ah that explains what's wrong with the women in my life.

1

katakanbr 1 month ago

Whores BTFO

5

HotelMohelHolidayInn 1 month ago

Maybe it's not getting around (putting it lightly) that make women lose the ability to bond with men & children but birth control pills?

For me, I believe it could be both.

7

Ynlinga 1 month ago

Probably both.

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AussieCryptoCurrency 34 mins ago

This is great for bitcoin

1

sylsau 4 hs ago

Is it really a shock?

We have all known this for a while now.

1

sylsau 17 hs ago

Is it really a shock?

Many had suspected it for a long time.

1

spanky489 Silver | QC: BCH 31 18 hs ago

That f***ing Wright boomed me.

1

lolzor21 19 hs ago

OH CASE CLOSED THEN

1

Crypto_To_The_Core Yesterday

“The file that he’s received did not include private keys,”

More lies and fraud ??? in cryptocurrency land ??? Shocked ! Shocked I tell you !!!

the case will now go to trial, in what, Rivero said, was a slam dunk for Wright.

Oh he'll get slam dunked alright. Right into Cell 103 of Prison Block 13.

3

segwitless Yesterday

Absolutely no one saw this coming.

5

mattnumber Yesterday

I am also not Satoshi

3

CommanderSleer Yesterday

Providing Comedy Gold since 2015.

1

_o__0_ Yesterday

What does his lawyer's lawyer think?

1

Nigerianscammers Yesterday

Info confirmed. Craig Wright is an absolute fraud. Faketoshi is his name.

3

vslashg Yesterday

BuT GuYS WoUlDNt It bE FuNNy If cRAiG WriGhT WaS SaToSHi

2

thehoesmaketheman Yesterday

[u/GeorgeForemanGrillz](https://www.reddit.com/user/GeorgeForemanGrillz/) and u/snowecat7 hmmm he aint it eh boyz? or are we going to keep going with this

1

michapman2 Yesterday

There is some humor in the possibility that he is in fact Satoshi but can never prove it because he lost his keys.

9

openfootinsertmouth Yesterday

Fate can be poetic, sometimes. How sad of a situation would that be, where even the highly-lauded creator of bitcoin Himself gets screwed by the very system he dared to create.

2

bithobbes Yesterday

Stop posting shit.

1

sirtaptap Yesterday

Imagine totally, definitely, for realsies having the keys to $8. Billion. Dollars. And you, for some incredible reason, delegated the keys to some rando. And they're not giving you the keys.

Wright still expects that he will receive the keys at a later date

Yes, this seems like a reasonable, slow-paced response anyone missing $8 billion would make.

19

michapman2 Yesterday

If someone snaked $8 billion from me I would skin them alive.

4

KillNyetheSilenceGuy Yesterday

If there are no keys funds must be safu

6

ETH49f Redditor for 3 months. Yesterday

can anyone shut this guy up? I mean for real.

he obviously delights in fooling people.

someone needs to like give him the cake on public stage like while he's talking.

1

loverofcoins redditor for 3 days Yesterday

Well, yeah, of course! :P

Gotta guess there's no bonded courier at all, and he's just making things up as he goes along.... as per usual.

1

supertrader11 Yesterday

You guys crack me up.... Your the fakes....fake community members.... How's this .. Stop focusing on Craig and thinking your coin could go to million tomorrow morning. Craig never told you too hold.... He told you to build cause the tech is like nothing else out there. It follows the original Bitcoin White paper. That's what makes it Bitcoin...... Not weather Craig can prove he is the guy who wrote it or not. It follows what Bitcoin was meant to do.... That makes it so. Craig should have no impact on how the coin performs. As far as I'm concerned the real fakes here are you . The leaders of this project do nothing but spend money on it.... Does that seem like a scam to you. Grow up.... Leave if you don't believe in the project. Eventually, the best coin will win and for me.... That's still Bsv.

1

Nikooohz 9 hs ago

RemindMe! 1 year ”lapdogs rekt”

1

FluxSeer Yesterday

RemindMe! 1 year "lol"

1

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1

tiktoktk 1 - 2 years account age. 100 - 200 comment karma. Yesterday

This isn't big news! Not sure why this is making headlines in the first place. Bad reputation for the whole industry

1

Ematio Yesterday

Keys to be delivered in 18 months!!

6

soulstice23 Yesterday

Very suprised! Could've fooled us. :D

1

AlprasCream Yesterday

BSV has gone from a high of 458 to a low of 241 in a matter of days, so much comedy godl.

11

leducdeguise Yesterday

Wright still expects that he will receive the keys at a later date

Ah, yes. The "Soon^TM " argument. I've seen it pulled a few times before. Let's see how this plays out

22

satireplusplus Yesterday

Im soon rich. Thats what im telling myself too all the time. But it doesn't work.

4

Salzikrum Yesterday

Funnily enough, I’m sure the court had also seen this argument. I can’t wait to see him try and explain this to the judge.

9

DexVitality Platinum | QC: ETH 123, CC 26 | TraderSubs 112 Yesterday

Who?

1

DexVitality Gentleman Yesterday

Who?

1

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13 8

Pontus Lindblom - @ponli137

RT @100trillionUSD: My second #bitcoin article! "Efficient Market Hypothesis and Bitcoin Stock-to-Flow Model". Looking at arbitrage, risk & return models and derivative markets. https://t.co/FIMcEZWDPn

454 1474

Samson Mow - @Excellion

RT @adam3us: I've been advocating for creation a capital guaranteed Bitcoin structured product, where say 10% of capital goes in bitcoin and the 90% compounds to recover capital over the term. and get retail users thinking about buying that, less risky and still good upside. https://t.co/38PPlNKCuB

6 44

Adam Back - @adam3us

I've been advocating for creation a capital guaranteed Bitcoin structured product, where say 10% of capital goes in bitcoin and the 90% compounds to recover capital over the term. and get retail users thinking about buying that, less risky and still good upside. https://t.co/38PPlNKCuB

2 15

Christopher Wheeler - @Stocktrader

Efficient Market Hypothesis and Bitcoin Stock-to-Flow Model by @100trillionUSD https://t.co/WBcHXeY7W9

0 1

Michael Goldstein - @bitstein

RT @pierre_rochard: “I think the simple answer is that the market currently overestimates future risk, like it overestimated risk last 11 years.” — @100trillionUSD https://t.co/tqYWPnNSgi

6 16

Pierre Rochard - @pierre_rochard

“I think the simple answer is that the market currently overestimates future risk, like it overestimated risk last 11 years.” — @100trillionUSD https://t.co/tqYWPnNSgi

430 1389

Dennis Parker⚡️ - @Xentagz

RT @100trillionUSD: My second #bitcoin article! "Efficient Market Hypothesis and Bitcoin Stock-to-Flow Model". Looking at arbitrage, risk & return models and derivative markets. https://t.co/FIMcEZWDPn

598 1902

Raz - @suprraz

People are afraid of that which they do not understand. Efficient Market Hypothesis and Bitcoin Stock-to-Flow Model by @100trillionUSD https://t.co/WlUDl2LMgF

0 0

theydoit4free 10 hs ago

I am a generous guy so I will wait until it's worth 100k to buy, I know you will need fresh buyers then more than ever

2

yogibreakdance 9 hs ago

there's always bitcoin buyers than you could possibly count

1

theydoit4free 8 hs ago

in that case i will wait for 1m

1

imeanwhyevenbother 13 hs ago

Oh, you're serious.

That's the kind of buttery critical thinking skills I want to see! Shut up and just buy!

2

yogibreakdance 2 hs ago

sure man, if you had spent long enough time in this space you would have realized by now that those people who are up on top, buy first, read later. By the time you've finished researching, analyzing, arguing, most of the time that ship has sailed, then you turn salty become butter, face laughing crying within.

1

imeanwhyevenbother 1 h ago

Beyond parody.

1

thesmokecameout 18 hs ago

The analogy is flawed because most people are going to pick up free money off the ground whether they think it is overvalued or undervalued.

Obligatory exception: Venezuela, where paper notes have become effectively worthless unless you have a gigantic brick of them, and even then they're more useful to make a fire for cooking or heating.

1

frizzyhaired Yesterday

Current bitcoin markets are indeed reasonably efficient because easy arbitrage opportunities are not possible.

the lack of arbitrage opportunities does not imply that prices are efficient. indeed if the markets were efficient and this argument were right then it would already be reflected in the price.

My conclusion is that bitcoin markets are indeed reasonably efficient and price in S2F model, but also overestimate risk

so markets are efficient but.... not thaaaat efficient. gotcha. or maybe they are efficient and your model is wrong. or maybe they are not efficient and the price reflects nothing at all.

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thehoesmaketheman 10 hs ago

dang dude other than the ok boomer stuff you really are pretty cool. i guess we all have our flaws

1

Athanor25 14 hs ago

> S2F model SFYL model

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Crypto_To_The_Core Yesterday

S2F model was published as a bitcoin valuation model, inspired by Nick Szabo’s concept of unforgeable scarcity and Saifedean Ammous’ analysis of S2F [1][5][6]. S2F is a measure of scarcity.

LMFAO @ Scarcity bullshit.

Yep, Bitcoin's definitely NOT open source, and there are NOT 3,000+ Bitcoin clones out there, and NONE of them can be infinitely copied and/or forked.

Keep sticking your head up your ass and sniffing your farts COINERS, and I'm 100% SURU it will all somehow make sense one day.

2

ionfrigate 16 hs ago

I really wish people would stop making this argument this way. It's not exactly wrong, but as stated it's pretty damn unconvincing. What gives any online project value - open source or closed source - isn't the code. It's the people attached to the project. Does it have an active development team? Are there a lot of people using it? Is there an active community to provide technical support and advice? Put it this way: I could, perfectly legally, make a clone of Wikipedia within a day or two, complete with web hosting and DNS pointers. I bet you that Microsoft or Amazon would pay billions of dollars to acquire the actual Wikipedia. They wouldn't give me a red cent for my clone of it. No, the danger with cryptos - and why their claims to scarcity are overrated - is that the community could fracture. These are a bunch of criminals looking to buy illegal shit untraceably, scammers looking to fleece their latest marks, and idiots looking to get rich quick. In other words, these aren't people who are invested in Bitcoin itself, but rather see it as a means to an end. If something that seems like a better means to that end (getting drugs or getting rich, basically) comes along, they could indeed jump ship. However, I will point out: that's true whether or not it's open source. Despite what some people (even here) seem to think, cryptocurrencies are not rocket science. Your average software developer could probably hack one up from scratch in just a couple weeks. No, the barrier is not the code - it's actually attracting a significant part of the community. As I say, I think this fragmentation is a lot more likely in the crypto sphere than it is in say, social media or web browsers, but it's still a barrier. But it really is facile to say that because Bitcoin is open source, anyone can clone it, and therefore it's not scarce. That's just not why its scarcity is overrated.

1

thehoesmaketheman 10 hs ago

the community could fracture? thats not the problem. the problem is that blockchain is useless. worlds already decentralized. you always have the oracle problem so you cant eliminate trust. its just a useless item. however, if we are moving past that. the community fracturing? really? wtf are you talking about? you mean getting new bagholders to buy in under you? yea. thats a problem. its the problem with any pyramid scheme. whats your point

1

ionfrigate 4 hs ago

Yes, blockchains are useless. They are useless because they are incredibly inefficient, and don't solve any real-world problem that wasn't already solved decades ago. My point is that brilliantly pointing out that code and data can be copied is a stupid argument for why they are useless. What I'm saying is that code is only a small part of the value proposition of any computing project - be it a glorified Excel spreadsheet, an operating system, a website, or fucking Candy Crush. Just because I can copy the code of an open source project doesn't mean I can magically clone all the non-code parts of that project - like the userbase and developers. This is just as true for legitimate projects like Wikipedia and Chromium as it is for bullshit cancers on our society like Bitcoin.

1

thehoesmaketheman 4 hs ago

Good deal buddy! It's like my company - we can put in good HVAC but if everyone quits then it real doesn't matter how good we are. I guess.... Hmmm I have no idea what you're talking about.

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imeanwhyevenbother 13 hs ago

> No, the danger with cryptos - and why their claims to scarcity are overrated - is that the community could fracture. You state this as a hypothetical, but it's reality. Just look at all the bitcoin forks, and even forks of forks.

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ionfrigate 4 hs ago

Yes, I was going to add something about how the forks that have gained some degree of traction (BCH, Litecoin, etc) did so because they were able to draw away a good amount of the Bitcoin community, often due to the presence of prominent ~~con artists~~ crypto evangelists. I just thought my comment was already overlong. I will say that the existing forks, while they have fragmented the community, haven't reached the level of "existential threat to bitcoin". But I definitely believe that it's a possibility that one will in the future.

1

Crypto_To_The_Core Yesterday

Jeesus you Butters must be so fucking desperate for new bag holders to be shilling your pyramid scams here.

13

jstolfi Yesterday

That is a big load of bullshit.

Stock-to-flow theory applies to commodities that have both production and consumption. If there is no hoarding or speculative trading, the theory says that the market price and the production volume (the "flow") will be where the price x production curve crosses the price x consumption curve.

Hoarding and speculaive trading (the "stock") complicates that theory because some production may go to the "stock" and some consumprion may be satisfied by the "stock". As the "stock" increases relative to the "flow", it makes the price more volatile and unpredictable.

Bitcoin has no consumption: all the coins that are printed by the miners go into hoarding or trading. Thus its "flow" is zero, and its "stock" is all the coins that exist, and the stock-to-flow ratio is infinite. In that case, the theory says that the market price will be zero divided by zero -- that is, it has nothing to say.

But of course nothing will shake your faith in your Orange God (not Trump, the other one)...

14

yogibreakdance 18 hs ago

Don't be so boomer tunnel visioned. Golden ratio has been applied to so many fields ranging from art math to TA.

0

CertainCoat 14 hs ago

Another mathematical concept with broad application is the number zero...

1

jstolfi 14 hs ago

Next time I buy my shoes I will demand that their length over their width be the golden ratio.

1

yogibreakdance 13 hs ago

Next time I buy my shoes, I'll make sure it's heavy enough for low gravity

1

Cthulhooo 16 hs ago

I bet you couldn't really explain what this article says using your own words if you life depended on it.

6

yogibreakdance 13 hs ago

No, in fact, didn't read. Can't read anything longer than 4 lines these days. It's so moony

0

Cthulhooo 13 hs ago

See, it doesn't matter what the article says or even if it's right, wrong or just irrelevant. What matters is the narrative, number go up, number always have to go up, all the fluff is just an excuse for number go up mantra.

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yogibreakdance 10 hs ago

I don't interest myself in "right or wrong or reason", I think more often in terms of "when", sometimes "how high it could" but always "no hesitation"

0

Cthulhooo 10 hs ago

You flaunt your ignorance like it's some sort of virtue and even unabashedly admit you just copy pasted an article you use as a lever for your idea without even reading 4 lines deep what's inside. Neither here nor in your past interactions you couldn't even conjure a good argument for your opinions and instead offer inspirational quote style vacuous mantras. For the love of god it must take elephant size of ego to be proud of such vast hollowness I almost feel bad.

2

yogibreakdance 9 hs ago

If you don't believe me or don't get it, I don't have time to try to convince you, sorry

1

happyscrappy IT Specialist Yesterday

Yeah. I wish I had known to take off my good shoes before wading into this.

5

AlprasCream Yesterday

How much do you want me to buy?

6

The_Artilleryman Yesterday

But what if number go down?

11

yogibreakdance Yesterday

More important is how low can it go vs how high will it go ? Maybe 4000 vs the sky .

0

routinely_sarcastic Yesterday

Maybe zero.

6

yogibreakdance 18 hs ago

even zero, it's only 9000 points down, the upside on the other hand is pretty much no limit. Anyone having balls would get some and see what happens, pussy would stay sideline and miss all the actions.

0

beanietulipbubble 13 hs ago

And there's nothing to say you couldn't keep endlessly guessing the next number correctly on a roulette table. You *could* lose your money, or you *could* have infinite wealth. Only a pussy would stay sideline and miss all the action.

2

yogibreakdance 13 hs ago

Damn you are too smart, can't you just buy my bags like what others did

1

thehoesmaketheman 10 hs ago

there are thousands of blockchains. nearly everyone lost on all of them. I dont know what math youre doing, but if you look around - the math is that you lose.

2

yogibreakdance 9 hs ago

fuck blockchain, stick with bitcoin

1

thehoesmaketheman 9 hs ago

Why there's no difference between any of them

1

yogibreakdance 9 hs ago

there's a difference, you buy blockchain coins for store of less value, you buy bitcoin for store of value

1

Crypto_To_The_Core Yesterday

Yeah you're sky-high alright.

6

SnapshillBot Yesterday

I think Bitcoin will do for mankind what the sun did for life on earth.

Snapshots:

swallow your pride and jealousy and... - @100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107">archive.org, archive.today

I am just a simple bot, not a moderator of this subreddit | bot subreddit | contact the maintainers

2

Miky06 Yesterday

the problem with efficient markets is that it assumes investors with much much more capital than capitalization of market itself.

in bitcoin it is not the case, thus information is not reflected in prices

or better, information is reflected in prices, but prices are misaligned with real value

1

admin_default Yesterday

Stock-to-Flow only demonstrates historical correlation - it can’t be trusted to forecast into the future since the model breaks after 3-4 halvenings and eventually S2F predicts an infinite price for bitcoin.

1

CannedCaveman Yesterday

Maybe the ‘infinite’ price comes when Bitcoin has become the unit of account for the world and the dollar has hyperinflated into oblivion. In the model the price of Bitcoin is denominated in dollars, so who knows how accurate that part is ;) I agree with what you are saying, but the model does give a lot of reasons to be positive about the coming years. It would be a surprise if the model would break in let’s say the next 3 years. Although there is always a chance of that happening.

2

admin_default Yesterday

I get that S2F has some people excited because it gives the comfortable illusion of inevitable price increases. This distracts from the reality that adoption, and only adoption, will ultimately determine Bitcoin’s fate. There’s legitimate risk and hard work ahead. And if Bitcoin ever does reach the moon, don’t just credit some pseudoscientific chart theory - give thanks the hands that built Bitcoin; Finney, Andersen, Thad, Ulbricht, Dorsey, Shrem and many many more.

1

CannedCaveman Yesterday

Ofcourse it’s not the model that pushes the price, but the S2F model does describe the valuation of a scarce asset, like gold. And since it seems to fit with all the data since Bitcoin’s inception, it is a reason for people to be optimistic about price. So when you say adoption, please mind that saving/investing/speculating are also usecases and signs of adoption. I don’t think Satoshi created Bitcoin to make payments easier, but to offer an alternative to money created by banks and governments. So how people use that money is not part of the philosophy and shouldn’t give you a bad taste. I think crypto will only get adopted if it makes something easier to do or has the potential to make people more money. Otherwise people won’t get interested. Fiat, with it’s debit and credit cards, Apple pay, PayPal etc work just fine for paying at a store. It’s the true scarcity, or better yet, the inability of governments and banks to create more that makes Bitcoin unique and valuable.

1

Mark_Bear redditor for 3 months 2 days ago

The efficient market hypothesis is bullshit. The data (reality) does not fit the hypothesis, so you have to toss it out, or be an idiot.

Need poof? Bubbles. I'll pick Beanie Babies as an example, but the same can be said (at various times) of stocks, real estate, precious metals (the silver bubble), and Bitcoin. During a bubble the current market price does not accurately reflect actual market value. The end. EMH is toast.

0

admin_default Yesterday

Wow. Here is Mark_Bear of Reddit come to settle the decades long academic debate about EMH with his ground breaking theory of “But what about bubbles?” None of the leading economist who’ve spent entire careers studying EMH had ever thought about that before. Clearly, some Nobel prize worthy research you did there.

7

Dotabjj Yesterday

How do we falsify emh? If btc follows s2f model in 2021 @100k, would you abandon it?

2

Mark_Bear redditor for 3 months Yesterday

I see you're unable to refute the logic.

1

vakeraj 2 days ago

You don't understand EMH. EMH means that markets trend towards efficiency over time, not that they're perfectly efficient every moment of every day.

9

Mark_Bear redditor for 3 months Yesterday

I'll think about that. Thank you.

3

bitusher 2 days ago

EMH theory is controversial and flawed in numerous aspects but accidentally useful for amateur investors where in most cases the wisest investment for most their portfolio are index investments like the SPDR over the long term, 20+ years. even 9.7% average compounded almost always outperforms land (un-utilized) investments historically. Than again , those that take incredible risks can find far greater alpha like we see in Bitcoin but not every investor should invest so aggressively as we all have different responsibilities and risk tolerances

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