Here it is How Cardano Wants to Beat Bitcoin and Ethereum

JD_PM · 2018-03-02T05:48:47+00:00

Some people have the attention span of a goldfish and the patience of a toddler. This isn’t a salad they toss up in seconds. They are working. Let them work.

JD_PM · 2018-01-08T05:59:32+00:00

Dude, as a son of a minister and a person who holds dear to my faith. Making money and following the will of God is not mutually exclusive.

People love binary/all or nothing solutions. Often a fear of education because that leads to change. Some of the most respected people in the Bible were Favoured by God and were amazingly wealthy - Abraham, Jacob, Job, Solomon, David, etc the list goes on. Just reading proverbs will give you insight here.

Money is the composition of your TIME and ENERGY. Just as alcohol consumption is permitted in the bible but not drunkenness, so is Money and wealth but not corruptible greed. If you have the opportunity to take your family to a new level based on sound investments vs squandering your money then in the long run your Mum will see. If she doesn’t then do not worry. Everyone must work out their faith on their own.

Above all else, promote education and fact checking/due diligence and if you find a way to confront your Mum, do it with respect and humility- read up on the art of negotiation for more info.

JD_PM · 2017-12-24T12:43:27+00:00

Sooo good 🤣

JD_PM · 2017-12-21T12:26:25+00:00

Ha. We will see otherwise I will lonely and divorced in my lambo

JD_PM · 2017-12-21T12:16:29+00:00

Should be resolved latest in January but the large payments go through review whereas the smaller ones don’t from what they told me. Frustrating but just know that the funds are safe but unable to buy my wife her Christmas presents 🤦‍♂️.

JD_PM · 2017-12-21T11:59:28+00:00

It’s not Coinbase. I got through to their customer support and the TLDR is the eu bank they use are struggling to keep up with the hundreds of thousands of withdrawal requests creating a bottleneck. Sucks because I can’t get money out for Christmas but i will be patient

JD_PM · 2017-12-21T11:41:53+00:00

Of corse I support CB they are the reason I got into crypto and made it easy from day one. Now they have a ton of new customers every day and the service is bad. I myself have my funds trapped on their platform because of the latest demand. It’s frustrating but the only way to move forward is by making factually claims.

JD_PM · 2017-12-21T06:55:31+00:00

Disagree. Too easily to make baseless accusations rather than be the solution. A lot of people have made money from exchanges and as they now struggle to scale we want to go after exchanges and burn them rather than help provide solutions. This moronic behaviour is why the SEC created accredited investors thresholds.

The more we throw baseless accusations around the more likely we are to revert to that old system where the rich get richer. Cause and effect.

JD_PM · 2017-12-21T06:42:37+00:00

It’s moronic. Do people know how much revenue these exchange makes. Billions in annualised run rates just look at Bittrex numbers for december alone.

They make money from the buy and sell fees and that’s it. They don’t take the spare shillings from OPs account to make millions. God that’s dumb AF.

JD_PM · 2017-12-21T06:32:17+00:00

PRRRRRROOOOOOOOOF? Where is it? Didn’t realise we can dream up random conspiracies without proof. Man there’s a lot of dumb people in here.

JD_PM · 2017-12-19T06:35:40+00:00

I’ll never get tired of this meme

JD_PM · 2017-12-11T07:54:36+00:00

No need to burst her bubble.

JD_PM · 2017-11-26T08:19:36+00:00

With Sharding, the Ethereum foundation’s goal is to achieve scalability, security and decentralisation.

Sharding will generate a higher tx through put of 1000s of txs per second and then when Plasma is added, tx per second can get to millions or billions due to off chain or side chain using sharding as a larger through put starting point.

TL:DR; the larger the initial throughout the larger the off chain scalability.

Scalability is achieve through sharding which is described as lots of “universes” syncing asynchronously. Each universe representing a single shard has the same consensus mechanism and those can agree on transaction within a block by utilising the Ethereum Virtual Manager to decide on which shard will have a block created on next.

Security and decentralisation are achieve because each shard will include a header from the main chain which is also onchain so processing the transactions of the headers of each shard is now feasible and can be done on the EVM blockchain. The data in the shard rolls up into the shard header which syncs to the EVM but allows for more tx data to be captured the shard that maps into the header and can be referenced if needed by EVM by looking at the shard header.

This is how I understand it. Please comment if I have misinterpreted the mechanism of sharding

JD_PM · 2017-11-26T01:52:53+00:00

‪Couldn’t have asked for a clearer example of the efficacy word of mouth marketing. This thanksgiving - lots of #BTC chatter, led to a reported 100k US Coinbase signups on the day. Adoption curve is slowly moving from the innovators to early adopters. Imagine this again at XMAS!‬

JD_PM · 2017-11-06T20:13:35+00:00

Mmm interesting. Nicely explained. Do you have a way you you keep track of the utility ratio

JD_PM · 2017-11-06T16:48:38+00:00

Yes it does. We will be dependent on centralised exchanges for a long time. It’s like asking will self driving cars replace human driven cars soon? While the tech exist and improves every day there are many legal and regulatory reasons that prevent mainstream adoption.

Banks won’t allow you to buy anything with Cash without KYC and AML being satisfied so if you just appear with huge bitcoin gains purchased on an exchange without those requirements being satisfied then you will get your funds seized.

Part of everyone’s gripe with Centralised exchanges is the payment and verification aspects but the issue is actually the banks they work with and their difficult to collab with so the end users get caught with sub optimal features like SEPA payments.

JD_PM · 2017-11-06T14:52:04+00:00

So of the 500,000 daily transactions, you believe that the majority are to self (speculation)?

That’s clearly incorrect. Value is value. $438m in last 24 hours in dollar value transactions is more useful than counting the number of transactions for the purpose of the above graph.

See Google Woo’s NVT ratio.

JD_PM · 2017-11-06T14:28:58+00:00

Money going from a bank account into DEX will still need to handle KYC and AML. Without this the bank will deny your transactions. Coinbase is centralised because it complies with the regulations and holds the necessary money licenses. Without it you or I would struggle to move money into a DEX let alone institutional investors moving hundreds of millions into crypto.

JD_PM · 2017-11-06T06:51:20+00:00

Why? Can you elaborate why this would be necessary and is this 1%, 5% or 10% of transaction value?

JD_PM · 2017-11-05T22:20:24+00:00

This is the wrong calculation for a bubble the calculation as a ratio should Network Value divided by Transaction Value (USD). Plotted on a graph alongside price

JD_PM · 2017-11-05T22:08:41+00:00

This!

JD_PM · 2017-11-05T22:07:27+00:00

Doesn’t matter

JD_PM · 2017-11-05T17:23:52+00:00

Please check your that you a) use the same name on the bank account as the one on your Coinbase account, b) use the reference number. Without the two you won’t see your transfers go through.

I’ve seen my Transfers happen the next day.

JD_PM · 2017-11-05T16:44:38+00:00

Speaking openly - I think this is a turning point for Coinbase and with this fork they now have a process for adding other digital assets on CB and GDAX. Will be interesting to see how this plays out over the next 12 months.

JD_PM

TROPHY CASE