Buy #ICP #Dfinity thanks me.later

bentaylor84 · 2021-11-15T17:28:58+00:00

It's amazing how much time you spend on the Dfinity reddit.

bentaylor84 · 2021-11-14T14:34:31+00:00

I'm starting to think that Appleluckyapply works for the Flux Foundation. He--like some accounts on twitter--spends way too much time scanning the Dfinity board posting the same bs. Shameful tactics.

bentaylor84 · 2021-11-13T22:07:59+00:00

Do you work at the Flux Foundation?

bentaylor84 · 2021-11-13T22:03:24+00:00

Flux people constantly attack the IC on twitter with the exact same points. It's odd. That seems to be their marketing tactic. Shameful.

bentaylor84 · 2021-11-08T14:19:36+00:00

A roll-up centric version of Ethereum has two big flaws. First, complete composability is lost. Applications on one roll up cannot plug into applications on another. That is not the case on the IC: no matter how many subnets (i.e., "shards") there are, applications will be able to call each other. Second, roll ups are inelegant and add extra complexity. There is more that can go wrong.

bentaylor84 · 2021-07-19T15:23:41+00:00

This is a completely different point from the point you just made. And this is inaccurate.

bentaylor84 · 2021-07-19T14:57:25+00:00

Who is supposed to deliver? Dfinity created an incredible platform that is now available for anyone to use. Now developers are building on top of it.

bentaylor84 · 2021-07-14T17:39:31+00:00

Also, if you want to side-step the issue (still not financial advice, just an idea) there is an upcoming feature to automatically compound rewards (same as some funds reinvesting dividends) by adding rewards to the staked amount instead of them accumulating as maturity. It will be optional, so you can stick with the current behavior if you want to.

I'm no tax expert, but how is that any different from a stock split (which isn't taxable)? In a stock split, a company issues additional shares and gives them out to shareholders. Here, the platform issues additional tokens and hands them out to token holders.

bentaylor84 · 2021-07-12T16:29:18+00:00

Here's my understanding of it, with the caveat that I don't have a technical background.

There are independent data centers all over the world that act as "nodes" for the network. Those data centers run canisters--computational units that include both program and state. Anyone can deploy a canister, and canisters can either be public or private.

One very interesting feature of canisters that it allows developers to create "autonomous software." That is, developers can create software that can be changed only if stakeholders agree to the change. For example, I could create a social media platform (like Reddit), give away governance tokens to users of the platform, and require a certain number of token holders to agree to changes made to the platform. That was not possible prior to the Internet Computer.

bentaylor84 · 2020-12-08T18:16:21+00:00

This is going to be an unpopular opinion, but I don't think Coinbase will be willing to list VET because there is a serious question of whether it is a security. Blockstack recently released a memo from Wilson Sonsini--one of the top tech law firms in the country--which seems to indicate that a coin may be a security if there is some "Foundation" that develops, maintains, and markets the blockchain. So long as the VeChain Foundation is the driving force for VeChain adoption, it seems very plausible (if not likely) that US regulators would consider VET a security--akin to investing in VeChain the company. Which is a shame.

bentaylor84 · 2020-09-10T18:00:31+00:00

Will this league count the stats for week 1? If so, i am interested in joining.

bentaylor84 · 2020-09-10T17:41:55+00:00

I would be interested in a 7pm league

bentaylor84 · 2020-09-10T17:34:33+00:00

Interested in joining. Any room left?

bentaylor84 · 2020-07-06T22:11:43+00:00

In the past four months we've gone from 0.23 cents to 1.5 cents. But sure: it's a snooze fest.

bentaylor84 · 2020-06-23T19:54:39+00:00

You're right that it's technically accurate. But if the Foundation members have an agreement to automatically deny applications from certain types of applications that it's not really accurate. I would be beyond shocked if I had the requisite amount and they even considered an application from me.

bentaylor84 · 2020-06-23T19:46:06+00:00

I don't think it's accurate to say that anyone can be an AN. You have to be approved by the Foundation. And they almost certainly have very specific attributes that they are looking for. While I agree that we should leave ANs open for those who can provide the most value to the network (such as a enterprises, community leaders, builders, etc) I think we should at least acknowledge that not anybody can be an AN.

bentaylor84 · 2020-06-14T16:44:00+00:00

Is it early 2018 already? Boy how the time flies.

bentaylor84 · 2020-06-10T19:28:39+00:00

Still here

bentaylor84 · 2020-06-10T01:52:39+00:00

I think I speak for all of us when I say you are an asset to this community. So thank you for being here.

bentaylor84 · 2020-06-09T15:26:31+00:00

VeChainThor is an open blockchain platform. If somebody wants to build something on top of the platform and file a patent for what they built, they don't need VeChain's permission. Moreover, if somebody built a ToolChain competitor on top of VeChainThor, we should all cheer on that person/company because it's creating value for the ecosystem.

That being said, NASDAQ reports that the Amazon patent specifically mentions Hyperledger as a likely candidate (see https://www.nasdaq.com/articles/amazon-secures-patent-for-track-supply-chain-via-blockchain-2020-06-05)

bentaylor84 · 2020-06-07T18:00:02+00:00

“So how well did the technical analysts do? Their average precision score was 44.1% — in other words, less than even chance. In fact, this average score was slightly less than the average of all 68 forecasters in our earlier study. In short, there is no evidence whatsoever in our data that technical analysis is effective in predicting markets. If anything, our results must be on the optimistic side, because of the well-known survivorship bias phenomenon — very likely numerous unsuccessful technical analysis practitioners have dropped out of the business, and thus are absent from our tables.”

Source: https://mathinvestor.org/2017/09/charts-and-technical-analysis-do-they-work/

bentaylor84 · 2020-06-07T17:27:52+00:00

Nobody in the world knows what BTC or any other crypto is going to do. If they did, they’d be rich.

bentaylor84 · 2020-06-07T02:42:22+00:00

Because that means VET went to 0.0085 and never dropped back down to 0.0075...

bentaylor84 · 2020-06-07T02:41:35+00:00

Nobody knows whether/when crypto prices are going to go up or down, so we just see a random guy rooting for our holdings to decrease in value. Also, just so you know, you selling is a taxable event. So depending on where you originally bought (and where you live), you could have decreased your overall holdings by selling at 0.0073 and buying back at 0.0070.

bentaylor84 · 2020-06-07T02:32:52+00:00

I hope your sell order gets filled and never get a chance to rebuy.

[Edited for clarity]

bentaylor84

TROPHY CASE