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PM_ME_UFOS 11 hs ago

....so open multiple accounts below 25 BTC?

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PM_ME_UFOS 11 hs ago

Ok but seriously what financial institution *lowers* the interest rate for investors with more capital?! That's bonkers ass backwards right? They seem to be trying to discourage serious deposits?!

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Crypto_To_The_Core Yesterday

We saw a rapid uptick in institutionalized participation, at sizes that BlockFi and the current crypto borrow market is not able to support at a 6% rate.

Ftfy. :)

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XmrFanMan Yesterday

They seem to want lots of small customers and no whales. If they were doing legit lending, they wouldn't pay less interest to their biggest investors. Would you rather manage tracking and payouts to a few massive "investors", than thousands of small ones?

It's harder to keep a Ponzi going with whales in the mix. You need to attract even more whales to keep it going, and someone with $1mil+ on deposit isn't going to be held off by excuses or bullshit.

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ceejayoz Yesterday

> It's harder to keep a Ponzi going with whales in the mix. I suspect this is 100% their problem, yeah. Just a couple whales wanting a withdrawal can make the whole thing fall apart.

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Mr_Deep_Research Yesterday

"The interest is denominated in crypto, is supposed to be paid monthly and the way BlockFi intends to earn it is lending crypto to financial institutions.."

The key word in that sentence is "intends to earn". Why would a "financial institution" want to borrow "crypto"?

They are going to blow all their investor money and then fold.

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XmrFanMan Yesterday

People borrow crypto on exchanges for shorting. They could put their crypto out for shorts on the exchanges that allow it. I don't think that the lending fees could cover the 6% interest plus overhead, especially since they can't possibly keep 100% of their capital on loan. Then again, bitMex is showing a 77% apy on perpetual short funding. The reality is that exchanges won't use this service because they either don't need/want it, or they're running a shady exchange. Most of the exchanges are glorified versions of the bucket shops of the early 1900's. They're really not running exchanges, so much as gambling houses that are managed like bookies. These places don't care if there isn't enough shares to borrow, they'll let you naked short, and if they get into liquidity trouble, they can target big margin positions and wipe them out. On places like bitMex, where people are leveraged up to 100x, a tiny dip can wipe out a bunch of traders. I recently read, "Reminiscences of a Stock Operator". A great read about the wild world of the minimally regulated markets of the early 1900's. Lots of parallels between the bucket shops of the day and the crypto exchanges of today.

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greengenerosity 11 hs ago

[https://i.imgur.com/OQ5uMVY.png](https://i.imgur.com/OQ5uMVY.png) Crypto turned out exactly like anyone with knowledge of the past would have predicted, I like the "Speedrunning bad economics" phrase. If anything the 2017 frenzy was a great argument for financial regulation.

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crusoe Yesterday

How are they gonna pay 6% interest on a deflationary currency no one wants?

The reason I get interests from my CU is they lend my money then pay me part of the loan interest they make.

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michapman2 Yesterday

I assume the interest payments are just rebates being paid off of the profits that the lender makes off of their (probably usurious) loans. What’s funny is that they originally rolled this product out on March 5 2019, so it’s hard to imagine that circumstances changed so wildly between then and today. My guess is that they announced those generous rates without really thinking through how it would work in practice.

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Crypto_To_The_Core Yesterday

6% ---> 2% in less than 3 weeks. LMAO. Even kleptocurrency interest rates are plummeting. By this time next month, if the trend continues, it will be less than 1%. Must be all that ADOPTION the coin shills keep going on about ...

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michapman2 Yesterday

True. It does have bait and switch vibes to me though. 6% interest is extremely generous and I have a hard time believing that they ever thought that was sustainable with their business model.

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SnapshillBot Yesterday

I'm all for paid shills.

Snapshots:

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aelaos1 8 hs ago

Old news. You can open up an exchange in Zimbabwe and report fake volume. so what?

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radome9 8 hs ago

For those who wonder, fake trades are ones with very large spreads, meaning differences between bid and ask prices. Some of the trades they looked at has spreads of hundreds of dollars.

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skaska23 10 hs ago

Oh my god. People in this sub are so cluless what is this article about. They think about manipulation of value and mining... if its the same for whole sub, we are doomed

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ChronicBitRot 10 hs ago

40 comments in, I'm shocked nobody's tried to claim that this is somehow good for bitcoin.

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Falc0n28 10 hs ago

ItS gOoD fOr bItCoIn

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vt5r4 10 hs ago

This thread is being heavily shadowbanned. The mods are disgusting for doing this.

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KalessinDB 9 hs ago

Mods can't shadowban

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Straighttothefront 11 hs ago

seems market makers are in every market, it's just easier to see in crypto due to the public blockchain?

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SnapshillBot Yesterday

I’m always amazed how few people know about Gamergate. It’s not only the key to understanding so many violent harassment campaigns going on today, it’s lots of the same people angry about the same stuff using the same playbook.

Snapshots:

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frequenttimetraveler Yesterday

... which is actually a good thing. if you look at the real traffic, the actual trading volume looks solid and very fluid.

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PolyGrower Yesterday

I'm a little confused, does this still require someone to "mine" these transactions or are the transactions entirely spoofed? Or is it just a bunch of people doing "legitimate" transactions with themselves?

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radome9 8 hs ago

The transactions are real, and they are embedded in the Blockchain. But the buyer and seller is the same, in an attempt to increase the volume of trades and thus manipulate the price.

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vt5r4 Yesterday

The article is talking about trading not creating new coins or sending coins to others on the bitcoin network itself. Bitcoin transactions themselves are rock solid. They can't be spoofed and can't be faked. However, if you decide to trade your bitcoin by sending them to an exchanges address, those bitcoins are truly no longer yours and you are at the mercy of the exchange as to what they do. This study is alleging that the volume you see when you go to coinmarketcap.com--the trading volume on exchanges, is mostly wash trading or people buying and selling coins simultaneously to generate fake volume. It really has nothing to do with sending bitcoin to other people on the bitcoin network.

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RollingStoner2 Yesterday

Could somebody pull a hoax on me a trade me a shitload of bitcoin for a dollar?

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vt5r4 Yesterday

Why on earth would you trade that dollar? We all know it's going to go up in value over time. /s

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themiddlestHaHa Yesterday

I saw a thing about how quarters used to be made of silver and those quarters now have $5 worth of silver in them. It made me sad. Edit: fixed a word. Idk why Apple would think quartet would be more likely that quarter

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chopinrocks Yesterday

It means the coins real value if honestly assessed is closer to the $300 - $500 (maybe less) range. It is being propped up by a couple billionaires. At any time the bottom might fall out and the coin drops another $2000 overnight

The stock market is just as fraudulent. But there is a HUGE difference. THAT fraud is backed by the US government. Bitcoin is not.

So if I had to pick an investment fraud I would go with the stock market.

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mgladden2 Yesterday

Before everyone gets riled up and takes this as an attack on bitcoin and crypto, realize that this may actually be a good thing if it pushes people away from centralized exchanges and into DEX's (decentralized exchanges).

Having said that, there is now strong evidence that the price of bitcoin and other alt coins, both now, and historically, is the result of manipulation. Use that information as you see fit.

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relditor Yesterday

Article author looking for one more good dip to buy in on.

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vt5r4 Yesterday

They probably have a point but I notice the study was done by a company looking to start an ETF--not exactly an objective source. >An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. ....... >Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange-traded fund, said it met with the Securities and Exchange Commission on Tuesday to discuss its application. ..... Not that they are wrong, they likely are right as crypto exchanges are like the wild west, but they certainly have motivation for that study to say what it said. I'd love to see a counter to this study.

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relditor Yesterday

I don't doubt it. Exchanges are always looking for new traders. Traders look at volume. But I would imagine that this is only true during sideways markets, or they're just generating numbers and not performing actual transactions.

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texagg22 Yesterday

Absolutely hilarious...haha oh man what a total scam this entire space is. I actually feel sorry for some of the perma bulls.

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Ack_Nak Yesterday

Quelle Surprise...

Not.

The majority of all cryptocurrency exchanges do this on a regular basis to pump value. I have trouble believing in any crypto currency until they are regulated.

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myadviceisntgood 11 hs ago

You are conflating value and volume. Volume being faked on one or any exchange only inflates the potential for quicker trades of larger sizes. The individual exchange would reap the reward of pumping the volume while the increased liquidity of the coin actually keeps the price down.

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SuperSonic6 Yesterday

You can’t pump value... that’s not possible. Economics doesn’t work that way. They pump volume.

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rune5 Yesterday

Why couldn't an exchange show fake high price trades? It doesnt mean that there has to be anything on the bid at that price. Even the bid could have fake offers. It is not as if people don't get slippage when trading in the more regulated markets without anything being faked.

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Vita-Malz Yesterday

They usually only show a history of past trades. So they'd have to make trades up that never existed, by trading with themselves.

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Comic_Book_Cowboy Yesterday

Well, in some situations volume pumps value. You see it all the time in penny stocks. The term "pump and dump" had been around for a while

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Altmao Yesterday

Wow I was completely wrong about the definition of pump and dump.

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RenaissanceHumanist 10 hs ago

I pump and dump at gas stations. Sometimes the gym. Mostly on Tinder though.

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RickyMuncie 11 hs ago

Pump and dump refers to using misleading information to cause a stock to artificially rise, so you can "dump" your shares before anyone is the wiser. The pumping going on in this story is different. The various crypto exchanges were using bogus self-reported trades to make their system appear to be more active. New cryptocurrencies trying to get on the market want to be where they trading is -- and will pay extra to be listed on active exchanges. So this story isn't about true Pump and Dump. And it's likely that you had it right all along. This was artificial pumping of trade stats, to trick "the next Etherium" into coming on board.

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shill_out_guise 9 hs ago

Pump and dump is a short-term mating strategy for promiscuous men, probably got its name from the short-term trading strategy given the obvious similarities

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Altmao 10 hs ago

Good comment and thanks for the info... but I was just making a dumb joke about the implied innuendo xD

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Comic_Book_Cowboy Yesterday

What did you think it was? Aside from a euphemism for a one night stand

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SuperSonic6 Yesterday

The only way to pump the stock though is with real demand, not fake demand. One might use fake volume to try and convince other people to buy in, but you still have to get other people to buy into your scheme to actually pump something up before dumping it.

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Comic_Book_Cowboy Yesterday

That's my point. Fake volume can push demand especially when coupled with social media canvassing via shills. Which I am 99% certain the Bitcoin rush was. If there's ever a really good in depth case study done about it, I guarantee there will be a small handful of bad actors that will be found to have colluded to pump the price through fake demand generated through fake volume and shilling on sites like Reddit

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frequenttimetraveler Yesterday

they pump volume, not value

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vt5r4 Yesterday

You can't regulate cryptocurrency--only exchanges. Also why would you trust an exchange just because it's "regulated". Regulation is just someone with more influence telling you something is a certain way. Unless it's mathematically provable, you can't trust anything related to money which is the reason you can't trust the US dollar. If the inputs(new units) are unknown, your currency is a scam. Bitcoins inputs are mathematically provable--the dollar...not so much.

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rivenwyrm Yesterday

You... can trust the U.S. dollar? The entire modern world economy is built on the back of the US dollar. You may think you understand math, but you definitely don't understand economics. Probably not math either.

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vt5r4 Yesterday

>You... can trust the U.S. dollar? The entire modern world economy is built on the back of the US dollar. https://www.zerohedge.com/sites/default/files/images/user5/imageroot/images/History%20of%20money.jpg You're right. You can trust it to decline and even perhaps implode on itself and debase to null over time. I wonder how long it will be before it's only worth around what a nickel is worth today. So tell me, do you like the fact that banks create money out of thin air and that no one really knows what the federal reserve does with the money they are able to create on a whim? I know if I had that power, I would buy elections and make the public do what I wanted them to do. Every once in a while, I'd kick out a spread sheet "documenting" where the money went. Of course you wouldn't be able to know this as you can't mathematically know the inputs in a scam.

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rivenwyrm 11 hs ago

I don't think it's worth my time to engage with your conspiracy fearmongering, so I'm going to leave you in your weird little dark hole alone. Later dude.

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General_Josh Yesterday

What exactly are you trying to say? That the value of the dollar will change over time? And the alternative is cryptocurrency, which has a rock-solid value?

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[deleted] Yesterday

[removed]

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General_Josh Yesterday

Fiat currency goes down in value by design; it's not some inevitability of the system. Inflation gives you an incentive to spend your money now, rather than hoard it until it might be worth more. It keeps currency moving throughout the economy. Bitcoin not having inflation is a design-flaw, not a feature. You can see the issue in the fact that nobody's using bitcoin to actually buy things. Its used as a commodity; if you buy bitcoin today, it might be worth more in the future.

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JuckFeebus Yesterday

Close, but maybe not quite correct. Inflation isn't *designed* into currency. It occurs naturally for any money supply that is either fixed or growing because of the time-value of cash. The time-value of cash is represented by the aggregate discount rate for all investments, which is another way of saying that cash is worth more today than in the future because it is more *useful* today than in the future (because of what you can do with it in the meantime - i.e. invest it or otherwise utilize it productively). The only way to *prevent* inflation would be to decrease the money supply to counteract the natural inflation that occurs because of how we naturally discount the future. Since preventing inflation is not actually helpful for an economy, as you pointed out, then the job of the central bank is to manage the money supply to optimize the rate of inflation - which, no coincidence, is approximately equal to productivity growth (imperfectly measured by GDP) since it is precisely that productivity that is discounting the future and inflating the currency to begin with. There is a great deal of confusion and misunderstanding to be found in discussions about inflation with respect to fiat and crypto currency.

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BadBoiBill Yesterday

tHiS iS gOoD fOr BiCoIn FiAt CuRrEnCy AnArcHo CaPiTaLiSt

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frequenttimetraveler Yesterday

hard to believe, but this is actually good news for bitcoin

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vt5r4 Yesterday

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

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etchasketch4u Yesterday

So what's up with this?

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bitsteiner Yesterday

FUD. A wash trade is not fake volume. Wash trading with cryptocurrency is not illegal, if you apply US law. Which law applies, depends also on jurisdiction. $6 bln daily volume out of $70 bln market cap is not unusual. US stocks trade at a similar relative volume.

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Thewumbles Yesterday

Shitcoin spam

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Ethical-trade Yesterday

The true and only MVPs

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soc1c Yesterday

That's a weird post. Most of the listed persons aren't even developers.

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bitusher 1 day ago

Here is an interesting video of a debate between two developers discussing the design differences between Ethereum /ETC vs Bitcoin.

It ends in a dramatic fashion but has some very interesting points discussed and very educational throughout-

https://www.youtube.com/watch?v=qxtVLjCxPDU

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stevej11 Yesterday

What a dumb discussion. Thanks for wasting 5 minutes I can no longer get back.

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bitusher Yesterday

The video was over an hour long and informative and balanced where both perspectives were fairly debated. Sounds like you were just triggered by the title and couldn't listen to it.

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stevej11 Yesterday

Wasn't even aware of the title until I went to youtube to find out who was speaking. The basis of his argument was that the design decisions of solidity were deliberately made to scam people. If you think that's a sensible argument, I don't know what to tell you.

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bitusher Yesterday

First of all you cannot evaluate an hour long discussion with 5 minutes of time which tells me you instantly got triggered and ran away. > The basis of his argument was that the design decisions of solidity were deliberately made to scam people. There were 2 opposing arguments and the person supporting ETH/ETC was a well educated developer. >If you think that's a sensible argument, I don't know what to tell you. This was not the crux of the argument from your opponent and it sounds to me you don't even have a rebuttal. Perhaps it would be a good idea to actually listen to the debate and formulate a rational rebuttal and suppress your emotional knee jerk reaction. I could easily make some better arguments on both sides of this discussion and this should be a starting point to make you think better and become a better developer.

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stevej11 Yesterday

It might of been more than 5 minutes and I skipped around but heard the same irrational arguments that sounded more personal than anything based on logic and reason. Are you also making a blanket statement that ethereum is a scam and eth devs are scammers? That's what he was saying. But anyway, the whole point of commenting initially was because that video had nothing to do with the post.

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bitusher Yesterday

The post is about ethereum developers and this is an interesting debate about ethereum development process and history and design, involving a prominent solidity developer so it is absolutely related. My personal opinion on the matter doesn't really matter much as the video stands on its own and represents both perspectives with 2 intelligent developers. I have yet to hear any specific you disagree with\. Do you have a problem with what the solidity developer was suggesting or do you simply not like hearing any criticism?

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andrewla - @andrewla Yesterday

Here's the slide deck presented by Bitwise, who did the study: https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca2...

Another summary article (non-paywalled) from CNBC: https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-...

EDIT: This is a very slick presentation. The weakest point I saw was a bit of handwaving around the key signing ceremony, specifically about how sharded keys are distributed. It's odd that they go into such detail about how to provision a clean laptop but then just sort of say "well, take your private key and mask it into seven pieces".

krapp - @krapp Yesterday

It's fine, just let the free market sort things out.

travisjungroth - @travisjungroth Yesterday

I spent last summer algo trading crypto. This study doesn't surprise me at all. On one market, I consistently saw limit orders that would appear inside the spread and then get instantly filled.

If you do the math on how much you need to spend on exchange fees to get a coin to get coin to the top 100 in volume, it's only a few grand. That's assuming you don't own the exchange.

nullc - @nullc Yesterday

The mention of 81 exchanges left me thinking: If none of the trading was fake, but then I created a single exchange literally named "ScamCo Faketrading Exchange" which claimed 1 petatrades per second were happening on its platform, then would this analysis say that >99% of all trades were fake?

I think it would.

I don't think any of the exchanges that I could have named off the top of my head were on their naughty list (paywall is keeping me from loading it again to check), ... so it seems to me that this report might be a bit overstated.

GauntletWizard - @GauntletWizard Yesterday

Company: "All our competitors are fraudulent. We're on the level, we promise"

isoskeles - @isoskeles Yesterday

Seems like a good thing. Look at the volume for cryptocurrencies. It seems to be insane / ridiculous, as if the sum total of all coins for almost any given cryptocurrency are exchanging hands weekly (I know this is not exactly what volume means, but it's close enough).

Looking at bitcoin volume on coinmarketcap right now, it's about $9B 24h volume on a $71B market cap. In just 8 days the entire market cap of bitcoin will have 'exchanged hands' (again, I know this is not exactly what volume means). Meanwhile, most people are not using bitcoin as a medium of exchange. These numbers just seem absurd to me. There's no way that people are using bitcoin as a medium or exchange OR a speculative trade that frequently, unless these traders are fickle idiots.

That said, I know little about how currencies work, so maybe I'm making some invalid assumption. But I don't see how this data being faked is at all meaningful unless you're using this data to try to estimate the "value" of bitcoin, etc. If so, yeah this is bad news for you. But how did you not know that bitcoin, etc. aren't really being used to exchange value?

Show all comments on Hackernews

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coinjaf 8 hs ago

Market dominance is bullshit. Adding more fake data doesn't improve it.

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throwawayLouisa Yesterday

They're basing that on traded volume instead of market cap.

Yet the front page is full of this report suggesting that 95% of reported BTC volume is fake.

So does that mean that BTC dominance is actually 5% of 80% = 16%, versus the remaining 20% of alts, i.e. 44%?

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gonzales82 Yesterday

My guess would be that however Bitcoin trading volume is exaggerated, this would be even more prominent with alts, since a lot less people are keeping an eye on them.

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thieflar Yesterday

Nice article. Definitely a big step forward from the naive "Market Cap Dominance" silliness.

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FieserKiller Yesterday

!lntip 10

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lntipbot Yesterday

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aMiningShibe Yesterday

That explains why /r/btc speaks tons about /r/bitcoin but not the other way around.

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chrisrico Yesterday

"speaks tons" is selling it short. Their front page is regularly filled with a majority of content about Lightning, Blockstream, Bitcoin, etc.

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bazsex Yesterday

Used my medium montly free limit... Can someone copy paste the article here? :)

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vplatt Yesterday

Use Pocket or Incognito mode.

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bazsex 11 hs ago

Thanks for both of you :) not sure why not tried incognito mode. Thats why i love reddit, there is always an easy answer.

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Manticlops Yesterday

https://twitter.com/jpthor__/status/1108995693786468352 For future reference, just open the link from twitter and it bypasses the limit (the two companies have a deal).

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xXStable_GeniusXx Yesterday

The analysis showed that "substantially all of the volume" reported on 71 out of the 81 exchanges was wash trading, a term that describes a person simultaneously selling and buying the same stock, or bitcoin in this case, to create the appearance of activity in the market. In other words, it's not real. https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html

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Sertan1 Yesterday

Coinmarketcap lists coinbene as one of the most traded exchanges yet there's nil posts about it here compared to other exchanges. Also Coineal and Fatbtc and probably many more that I don't look into. These measures are completely fake.

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xXStable_GeniusXx Yesterday

They didn’t list/rank markets by reddit talk. Can you point to me where they do that?

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Sertan1 Yesterday

What I mean is that it is shady, unpopular despite having a high volume and the post confirms that Coinbene volume is completely fake.

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xXStable_GeniusXx Yesterday

Along with 95 percent of ALL BITCOIN TRANSACTIONS

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Sertan1 Yesterday

Back this up, strider.

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DesignerAccount Yesterday

Many of us have been saying MC is a flawed metric for the longest time (too easy to game and there are incentives to do it!)... glad someone produced a nice little piece of research on this to put a final nail in the MC coffin. But I suspect it won't really happen... scammers gotta scam somehow!

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autemox Yesterday

This is a great article really thought out and explained.

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OCPetrus Yesterday

I agree with the sentiment. However, even though I am a Bitcoin maximalist and have not invested in other coins, I have been made aware that many coins are exchanged for with Bitcoin. I.e. say you have coin A and want to switch B. You sell A for Bitcoin and buy B with the newly acquired Bitcoin.

Assuming this is true, the Bitcoin volume is inflated a ton.

Furthermore, the volumes reported by many exchanges are not reliable.

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goatpig_armory Yesterday

If you were to run this same analysis with on chain usage instead of exchange volumes, I doubt the result would be any better for altcoins.  Also, bloated exchange volume would only account for inflation in Bitcoin volume, and would not explain why the rest of the market still follows the pareto plot.

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noah-sark Yesterday

Well if you simply look at active addresses in Bitcoin vs. other platforms (one measure for on chain usage), Bitcoin looks to have about 60% dominance. * BTC: 600-700k * ETH: 200k * EOS: 100k * DASH: 60k * TRX: 50k * XMR: 20k * XRP: 5k * NEO: 3k Data from: https://coinmetrics.io/charts/#assets=btc,trx,xrp,neo,eos,eth_left=activeAddresses_zoom=1367107200000,1553126400000

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goatpig_armory Yesterday

I was thinking more along the lines of tx volume.

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berepere Yesterday

*let me play with the data until it fits the distribution I like

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DesignerAccount Yesterday

Don't be so salty, you're still in time to offload those bags for some real hard money. As you do it, try to think why the MC is a shit metric and why the proposal is so much better.

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Yorn2 Yesterday

The metric he comes up with is probably a more consistent metric of market dominance than the one coinmarketcap uses as it is slightly less prone to fork manipulation. I wonder if they would be willing to include a volume-weighted version of BTC dominance on their site as well?

EDIT: I should probably state that I never really liked the term "dominance" anyway, as it implies that loss of it somehow weakens the status of a particular cryptocurrency and gain of it somehow implies a better crypto (when it could just be an exit-scam in the making). It would probably be better called something that referenced the faith in the "store of value" attribute of these coins, though such a term like that might inadvertently put Ripple in a position of being overvalued for what it actually does and when you add a volume weighted metric, it's factoring in a coin's "medium of exchange" attribute in addition to the "store of value" attribute, so terminology based on store of value alone isn't sufficient, either.

What's worse is that, now that this type of metric has been defined, someone could similarly game it by transferring large amounts of coin to themselves on a regular basis. One would have to start including "Days Destroyed" as a metric as well, to avoid the gaming.

Still, this is an interesting metric I think is worth looking recording, I just don't think "dominance" is a good term for it.

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Sneakybobo 1 day ago

Wouldn't Pareto Dominance mean the top 20% of cryptos have 80% marketcap?

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goatpig_armory Yesterday

As he explains in the opening of his article, a power distribution is uniform across scale. The top 20% cryptos would hold 80% market cap of all cryptos, while the top 20% of this top 20% of cryptos would hold 80% of that market cap. He demonstrates this at the end of the article, where he plots volume bound capitalization between the top 5 cryptos. Bitcoin represents 20% of this group while concentrating \~85% of the indexed value.

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Sneakybobo Yesterday

Thanks

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TRANSFERcase Yesterday

Yeah, he was extrapolating it to the top 5 cryptos using the volume-weighted market cap.. a creative approach. Bitcoin wasn't Pareto dominant, but close. I think the main takeaway is that we need to consider factor sparsity when we look at market dominance. I could make a shitcoin with a trillion units, all pre-mined, and then sell one to myself for $1 and shoot to the top of the chart because liquidity and volume aren't considered.

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parishiIt0n 1 day ago

Comparing minable with premined coins seems silly to me from the start. That's why you don't see stocks and commodities compared side by side

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kvothe1956 1 day ago

paywall bs

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theartlav Yesterday

Is it? For me the pop-up always go away on a single click anywhere outside of it.

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Manticlops Yesterday

You can reach a monthly limit after which it doesn't.

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Manticlops 1 day ago

Apologies. May I ask, does the link listed here work for you? https://twitter.com/jpthor__/status/1108995693786468352

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kvothe1956 1 day ago

Much better! Thanks

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Illustrious_Ostrich 1 day ago

Lmao

Step 1: Hypothesize market dominance follows a power law distribution

Step 2: Fuck with the data until it follows a power law distribution

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PolaT1x redditor for 2 months 1 day ago

Great observation! Great article!

Somebody should build a CMC-like CMD-Site. Would donate.

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600watt Yesterday

Great idea, would also donate! Imho cmc has ruined more noobs than we could all imagine.

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Gamm86 Crypto Veteran 1 day ago

Because of BTC pairs on every exchange... simple...

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Toyake Crypto God | QC: CC 286 1 day ago

Since 80% of trades are was trades who know's what's really going on.

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DaiTaHomer Yesterday

Unlikely rise. The only election in her district is the primary. She promised a bunch of free things to everyone. Once on the ticket, a dead cat could get elected if it had Democrat next to its name. At this point to cast her as underdog is asinine. She could kill a puppy on twitter and she'd be re-elected. She is in the epitome of a safe district. Her hyper-left wing views are being amplified as if they represent all Democrats. Call me meh? If your idiodic socialist agenda comes to any sort of vote nationally, I'm voting against.

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MecatolHex 1 day ago

Capitol Hill’s traditional emphasis on civility and compromise, she thinks, is merely a delay tactic. “There are always these folks that will say, ‘You’re not wrong, but …’” she says, rolling her eyes. “They avoid the political liability of disagreeing with you, but also they can stall you as much as possible to actually prevent the thing from happening.”

But change is not exactly imminent, either. A lot of Justice Democrats and real progressives fell in the primaries. AOC is one of the handful who made it through.

There need to be more.

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ZaintPatrich 1 day ago

Man, I hope I don't make girlies uncomfortable when I show up in Toronto. Ehh, I may be super creepy stalker-level, but not violent. That seems to be the distinguishing feature between left vs. right trolls: the revolutionaries aren't actually evil pisces of shite. We're just... lonely/obsessed/in love.

Looking forward to the debate, at any rate. Hope u make it open mic so i can lob u a softball.

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ZaintPatrich 1 day ago

woah apparently i made someone uncomfortable with this oh noes

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doremitard 1 day ago

Don’t say “lob u a softball”, it reminded everyone of the cum throwing scene in Silence of the Lambs.

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ZaintPatrich Yesterday

:S

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EF517 1 day ago

The "change that's closer" is how soon her 15 minutes expires. This babbling buffoon is the perfect face of her party. Illiterate, uneducated, pandering with freebies. I know you guys hate Trump, but Ocasio-Clapback is helping to get him reelected

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TheRealDL 1 day ago

She's a better chance of becoming president before your "babbling buffoon" and she can't run for a decade.

1

PoliticsModeratorBot 1 day ago

Hi Iplaydeadpeople. Thank you for participating in /r/Politics. However, your submission has been removed for the following reason:

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1

amateurstatsgeek 1 day ago

You guys know the most recent Gallup poll showed she had over 70% name recognition and a negative 10% net approval rating, right?

Reddit likes her. America does not.

Stop conflating your opinion with the country's and realize there are plenty of deep red States and districts where this woman might as well be Satan. Trump has 40% approval rating and you guys still think he's massively unpopular and everyone loves AOC. It's laughably naive. No wonder you guys don't know jack shit shout campaign finance or winning elections.

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Gtrkid90 1 day ago

Thank you.. it's almost like reddit users dont get outdoors often. While the rest of the world is laughing at aoc. . These poor people are getting their Hope's up again. Hillary told them she wouldn't lose and now they believe the same with aoc. Definitely investing in kleenex stocks next election. Tissues will sell like hot cakes

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amateurstatsgeek Yesterday

> While the rest of the world is laughing at aoc. The rest of the world likes AOC. She is close to them. It's *America* that is out of step here. Don't be the typical American that confuses American opinion with the world's

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Gtrkid90 Yesterday

I live in nz brother. The people that follow the politics are laughing .. believe me. The people that watch CNN may not be. . But that's a small circle down here. I actually havnt met one kiwi that supports aoc yet 😂

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SuzQP 1 day ago

Stop making sense. The Reddit hivemind finds it uncomfortable and triggering.

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wjbc :flag-il: Illinois 1 day ago

I like this quote, not from AOC but from one of her early supporters:

Jake DeGroot, a former theater lighting designer who had been involved in Occupy Wall Street. ... “Theater and politics are very simpatico,” says DeGroot. “Theater done well is politics; politics done poorly is theater.”

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lanboyo 2 days ago

Her district is in Brooklyn. The real shame is that we give deep blue districts to neoconservatives. Those guys can run in Texas, like Beto.

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Gtrkid90 1 day ago

Robert*

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lanboyo Yesterday

He has gone by Beto since he was three, so I will use that name. Unlike Raphael, who decided to be Ted in college when his cuban origins hampered his ability to socialize with other nazis.

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sulidos 2 days ago

the article is good but the first paragraph has me so fucking angry

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PristineVillage2 Expanding Brain 2 days ago

Yeah, seriously. And it never returns to that. Like, death threats are kind of important, no...?

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recycleaccount38 2 days ago

Every 10 minutes or so, someone knocks on the big wooden door of Alexandria Ocasio-Cortez’s office on Capitol Hill. The noise makes staffers stiffen. It’s almost always a harmless fan, one of dozens who arrive each day, leaving neon-colored Post-it notes as devotional offerings. But in her first three months in Congress, aides say, enough people have threatened to murder Ocasio-Cortez that Capitol Police trained her staff to perform risk assessments of her visitors.

This is the daily reality for America’s newest human Rorschach test. Wonder Woman of the left, Wicked Witch of the right, Ocasio-Cortez has become the second most talked-about politician in America, after the President of the United States. Since beating 10-term incumbent Joe Crowley in the Democratic primary to represent New York’s 14th District last June, the 29-year-old former bartender has pressured 2020 presidential candidates into supporting her Green New Deal, made campaign-finance reform go viral and helped activists banish Amazon from Queens with a couple of tweets. No lawmaker in recent memory has translated so few votes into so much political and social capital so quickly. Her Twitter following has climbed from about 49,000 last summer to more than 3.5 million. Thousands of people tune in to watch her make black-bean soup or re-pot her houseplants on Instagram Live. Immediately after she tweeted the name of her signature red lipstick—Beso, by Stila—it sold out online.

I can't wait for more just like her to trigger more of the rightwinger crazies in this country. We're making a comeback and, just like all the other times through history, we will drag you, kicking and screaming, into the future.

You lost on slavery, you lost on prohibition, you lost on women's rights, you lost on gay rights, you're losing on trans rights, the drug war has failed, and you have ZERO ideas.

What's it like being a party of such fucking losers that a freshman congresswoman who's been in office for less than a year triggers you so hard?

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giantroboticcat :flag-nj: New Jersey 1 day ago

>You lost on slavery, you lost on prohibition, you lost on women's rights, you lost on gay rights, you're losing on trans rights, the drug war has failed, and you have ZERO ideas. Looking at this list, I'm not sure I'm convinced that the right really lost on most of these points. Things are better than they were, but these awful things continue to be a major problem in the country.

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recycleaccount38 1 day ago

"The arc of the moral universe is long, but it bends toward justice"

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anOldVillianArrives 2 days ago

Lots of change is coming and even more needed. AOC is the vanguard of a healthy safe Earth. This fucking viral oil production the gop terrorists are perpetuating on Earth has got to end. The Ocean has a fucking fever. Fish and coral are all being lost in record numbers... Everyone needs to be fighting like AOC.

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Thnrgb30 2 days ago

What should democracy 2.0 look like?

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HandMeMyThinkingPipe 2 days ago

Democratic socialism.

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TheJesseClark 2 days ago

1. End Gerrymandering. 2. Automatic voter registration 3. Term limits on judges 4. Cap corporate donations to political candidates 5. Much, MUCH heavier penalties for white collar crime 6. Federal voting holiday 7. Mandatory minimum number of polling stations per county, evenly distributed and based on local population

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lvl69dipshit 1 day ago

capping corporate donations feels like a half measure. why not just take and redistribute their money so they can't influence the process to begin with? and if the corporation provides an essential service, it should probably be ran democratically for the public good anyway

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TheJesseClark 1 day ago

Because my ideas have a chance at getting pushed through. Yours would get attacked as communism, because unlike what most republicans think communism is, that actually meets the definition.

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lvl69dipshit 1 day ago

the word socialist was politically toxic until after Bernie ran in 2016, and now he's the most popular politician in the USA and one of the frontrunners for the Democratic nomination. Republicans are going to attack everything they don't like, and trying to avoid it by limiting your political options to less effective platforms they're still going to work to stop is the easiest way to let the overton window move farther and farther to the right. we can't afford to cede any more ideological ground to the right-wing. besides if democratic public ownership of vital public services and no more billionaires to co-opt the political process is communism, why would you be against that?

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shenanakins 1 day ago

Ranked choice voting to make third parties viable without the risk of spoiler candidates

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amateurstatsgeek 1 day ago

Number 4 is already true and the fact you don't know that speaks volumes.

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AdventureBum :flag-wa: Washington 2 days ago

- End the EC, make the presidency a popular vote - expand the House to accurately reflect population - alter the Senate to account for extreme population disparities (for example, giving small states with less than 1 million in population 1 Senator, large states 3, or something similar) - more checks on the presidency, including a popular vote of no confidence (for any elected leader, actually) - a larger SC to dilute the effect any one president has on it - any bill passed by one branch of Congress must be considered and voted on by the other - sweeping anti-corruption reform that dishes harsh punishments for abuse of power and acting against the spirit of democracy Just to add a few more 😊 I agree with all of yours.

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TheJesseClark 2 days ago

> End the EC, make the presidency a popular vote I'd say let's adjust it, not eliminate it outright. Maybe make it so each electoral vote is worth the population of the least populous state, or have it so in situations where the popular vote loser wins the EC, they lose 10-15 EC votes per million votes behind. So losing by 4 million votes would cost you 40-60 EC votes, which would even things out and maybe switch the result. > expand the House to accurately reflect population fully, 100% agreed. > alter the Senate to account for extreme population disparities (for example, giving small states with less than 1 million in population 1 Senator, large states 3, or something similar) Eh, I like how the framers set it up - House is population based, Senate isn't. Adjust the House well enough and maybe split federal judiciary appointments between the chambers, and we should be fine. > more checks on the presidency, including a popular vote of no confidence (for any elected leader, actually) I like this idea in theory but given our absurdly bitter, polarized political climate, how do you determine when such a vote should be held? You'd ALWAYS have millions and millions of people wanting to have a no confidence vote every single day to make up for the fact that they lost elections. > a larger SC to dilute the effect any one president has on it Damn straight. Combined with term limits and a constitutional limit to the number of SCOTUS justices (so this doesn't get weaponized and we don't end up with 450 judges 10 years from now because the parties keep trying to dilute the power of the other's picks, etc) > any bill passed by one branch of Congress must be considered and voted on by the other fucking love this. > sweeping anti-corruption reform that dishes harsh punishments for abuse of power and acting against the spirit of democracy Shut up and take my money.

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AdventureBum :flag-wa: Washington 2 days ago

I don’t think the framers of the constitution anticipated the extreme population disparities between states that we have today. Giving states between 1 and 3 senators based on population I feel is a good compromise that would respect the original intentions of making it a congress of states and not the people yet would respect the fact that the city of LA (for example) has more people in it alone than many states do. The underlying intent of our government is that the people ultimately have the power, and that every person should be treated equally. Giving states disproportionate power goes against this concept, which is why many of the founders were against it. It’s also a good example of why the founders left us tools to amend the constitution as times changed. This is also why I feel we should make the presidency a popular vote. Ultimately I feel it’s the President’s job to represent the *people*, not the states. Right now that’s not the case, and in fact most of the power in elections is held by a handful of swing states. Going to a popular vote would fix this because every vote would count regardless of location.

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TheJesseClark 2 days ago

> I don’t think the framers of the constitution anticipated the extreme population disparities between states that we have today. Actually this was a fundamental problem that almost derailed the 1787 Constitutional Convention. Massive states like VA and NY wanted population-based representation, whereas smaller states like Rhode Island said 'hell no, we'll be locked out of power forever.' So the bicameral system was suggested - the House is population based, the Senate isn't. Everyone wins. The population disparities might not have been quite so extreme, but they were extreme enough that this exact issue was a major - in fact, possibly THE major - issue, for the founders.

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AdventureBum :flag-wa: Washington 1 day ago

I guess what I’m saying is if the founders knew what the country would look like 250 years later a different compromise might have been reached. Especially since now the House and Presidency both are tilted in favor of smaller states, and now do is the SC as a result.

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KSA_crown_prince :flag-fl: Florida 2 days ago

We need a paper trail so that our elections aren't delegitimized willy-nilly all the time. Any robust system is one where there are accountable flows between structures at every level

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TheJesseClark 2 days ago

Agreed.

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juanzy :flag-ma: Massachusetts 2 days ago

Something to address information warfare by foreign actors on US civilians. The "troll farms" if they exist as has been described so far are literally a direct attack on the American people by a foreign government that our government (mainly on once side) has been willing to ignore.

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Covetous1 2 days ago

We should make white collar criminals pay in manuel labor

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aftermeasure 2 days ago

We should make white collar criminals pay an amount of their actual wealth that will disincentivize those crimes, rather than one that will be considered a "cost of doing business".

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Covetous1 2 days ago

That's a good idea

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scrape :flag-il: Illinois 2 days ago

...strong worker unions so we can strike when our government commits genocide

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ThanksForFlying 2 days ago

Also no government subsidies to corporations that don't support employee unions, don't pay a living wage, or provide necessary benefits to their employees

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juanzy :flag-ma: Massachusetts 2 days ago

Worker unions everywhere! I'd love union backing as a white collar working, while it's not overworking physically, companies abuse work from home or on call hours to really exploit workers.

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amyts :flag-tn: Tennessee 2 days ago

I'd also like to see worker cooperatives expanded, possibly displacing some of the big corporations we have now. Democracy in the workplace, yo.

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anOldVillianArrives 2 days ago

I have been pushing libertarian communism but I'm not getting too much traction. Everyone votes and everyone being in the same wealth category is just too hard for people to grasp at the same time. Think about that.

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kazingaAML 1 day ago

Something like libertarian socialism or anarcho-communism is a long, long, *long*, term goal. As the great Beau of the Fifth Column has described it for that you are planting seeds for trees whose shade you will never sit under. For the immediate future Democratic Socialism is likely the best we can hope for. It is heartening to see so many of the main tenets of Democratic Socialism, such as worker co-ops and running corporations democratically discussed openly in this sub.

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anOldVillianArrives 1 day ago

I agree. But i think technology has allowed us to be close enough to grasp it, would that we reached out to do so. Or rather, earth and its immediate dangers require us to do so as a matter of survival. It capitalism doesn't unfuck greed enough to get off oil. Then it will be to our doom to let it continue to live. It's a wild horse. That be canyons ahead. Let us leave it behind, take a 5 minute break and build a robot mule. But it makes me glad to see I'm not the only one who sees it. Almost like standing up looking across the grass.

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kazingaAML 1 day ago

It's encouraging that support for Socialism has grown so quickly. Just a few years ago almost no one in America was for any form of Socialism. That has already changed a great deal and shows no signs of stopping.

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scrape :flag-il: Illinois 2 days ago

Is there a detailed description of this political system?

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anOldVillianArrives 2 days ago

I actually have been working on it. Almost everyone around the word is already following most of it. Don't kill, don't steal, its real basic shit to not be a nazi, etc... but cataloging it altogether is necessary for the masses.

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blahblah98 2 days ago

Pls provide one example of a successful, functional libertarian communist country...

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anOldVillianArrives 2 days ago

Oh it's never happened. Idk if anyone ever even used the term before. But philosophically this is where i align.

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True0rFalse 2 days ago

Wel an undefined philosophy that really only makes sense to you is definitely not going to get much traction. I mean no offense! Just trying to explain what you’ve experienced.

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anOldVillianArrives 2 days ago

Oh I'm aware of the situation. But the only way to present an idea is to first describe it. I succeeded. Baby steps. Perhaps i should write a best seller instead.

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True0rFalse 2 days ago

A book deal?! Clearly you can’t be trusted.

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anOldVillianArrives 2 days ago

Could start an open source GitHub project i guess.

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True0rFalse 2 days ago

Republicans: the profit motive can literally solve all of society’s ills and we all must adhere to it. Democrats: Republicans: if you are seeking a book deal for profit, nothing you can say or have ever said can be true.

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wee_man 2 days ago

> I have been pushing libertarian communism but I'm not getting too much traction. Have you tried advertising on Facebook?

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anOldVillianArrives 2 days ago

lol, no... lol too good.

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TheRealDL 2 days ago

Remove capitalism as a influence. Remove corporate control of legislation.

7

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