“Bitcoin is a calculator”:
A better analogy: controller chips in refrigerators. Meant to do one thing, reliably
ETH is like a “smart refrigerator” that lets you install apps and games. Risks reliability for something that doesn’t belong in a refrigerator
@Iiterature@jessewldn
Taxation is theft (Shakira learning this one), imprisonment is kidnapping (#freeross), and voting is an illusion of choice (Hillary or Trump...seriously?). As long as accredited investor laws and the Fed exist, while bank cartel market riggers roam free, government is a scam ICO.
23/ Feel free to criticise or point out this is emotional bias because I have lost money. Still, I think we have a responsibility to start talking about this and protecting people. And yes, I am a hypocrite.
21/ Bitcoin has survived for 10 years and has a good chance of surviving for another 10 years. Over that 10 years, a lot has happened and lot's is coming which means it might survive another 10 years. No guarantee though.
22/ It sucks to lose money, even profits. It sucks to read DM after DM of people who literally don't know what to do because of the amount of money they have lost or how underwater they are. It sucks to see people waiting for mythical altseason or the next bull-run.
17/ The game is this way because almost none of these assets are creating any real value, therefore it really is a game of hot potato and a rush for the door once a project starts to die.
19/ If you do want to play the game, remember you are also competing with:
- Funds who are heavily underwater
- Bitmex shadyness
- Algos and bots
- Quant dudes
- Professionals
- And so much you are not aware of
20/ Now the exception, Bitcoin, of course, because I'm a maximalist now (I'm not by the way). But this rule applies for other assets too, if you genuinely believe that it will be here in 5 years then it might be worth investing and holding for that period (a small amount).
13/ Are you even using these assets? If you believe in them why are you not using them? I like Monero but I'm not using it, I use Bitcoin occasionally.
Let's not keep kidding ourselves that we are building out the infrastructure or keep comparing it to the dot-com era.
14/ Everyone of us has a responsibility to ourselves, each other, our friends and families to get a little bit fucking real here.
- Investing in this stuff is highly risky
- Most of us will lose money
- It is really hard to be a profitable trader
15/ While some will argue not, it really is a zero-sum game. When someone makes $1m profit on trading crypto, this money has come from others who have made a loss.
When Dan Larimer creates another shitcoin, he cashes out your money.
9/ The difference between being rekt and not (outside of a small percentage of people), appears to be timing and luck. The reason I am not in the red is that I started in Dec '16 rather than Dec '17. Yet each December I would have been highly optimistic about the future.
The Tron (TRX) project, which intends to be a home for dapps and a competitor to Ethereum, has just marked a highly notable achievement, recording just over 2.5 million transactions in a single day, as well welcoming over 30,000 new wallet addresses.
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Telecoms conglomerate AT&T is seeking a patent for a blockchain system that enables users to track “micro-culture transactions” on social networks
https://ctlgr.com/77as
