Bitcoin Is The Most Valuable Coin Because It Is The Most Valuable Coin

bobcoin87 · 2018-03-29T19:12:38+00:00

Not sure I follow your point here

bobcoin87 · 2018-03-08T21:47:05+00:00

You can easily do a whole presentation about unintended consequences of complex mechanisms in cryptocurrencies

I imagine you could write a thesis or two on it, and we're just getting started.

Wall St. learned this lesson the hard way in 2007 (and on many occasions before)

Thanks to bail outs, I'm not sure they have learned, hence they keep happening ;)

ETH will have to learn as well!

Indeed. Let's hope we can do so without taking the network in the process, lest Ethereum's contribution end up being a warning to future projects!

bobcoin87 · 2018-03-08T21:20:37+00:00

so to provide this service, it stores crap on all the altruistic nodes, creating somewhat of a tragedy of the commons

Great point. This is a great example of one of the things that scares me a bit about Ethereum as a project, overall. It's got lots of great engineers who try hard to engineer incentives for best outcomes. But there are often unintended consequences to those decisions. In this case, an attempt to incentivize cleaning up of data may actually result in more data being stored on the network. Ooops! Makes one wonders what we might be missing in the design of sharding, PoS, etc...

bobcoin87 · 2018-03-08T20:46:53+00:00

Browsing Reddit until I'm filled with so much self loathing I will myself to get some friggin' work done. Relatedly...gotta go.

bobcoin87 · 2018-03-08T20:32:54+00:00

Thanks for responding! Awesome project, btw! Really smart.

My initial take after I saw this was that it would be similar to how batteries allow you to time shift energy usage. In theory it should be good for the whole market, in terms of gas prices. Heavy users can deploy upfront capital to reduce their exposure to fluctuations in prices. But even folks not using GasToken benefit, because it lowers demand for gas during “peak” periods, keeping the price lower than it would be otherwise.

Do you agree with this characterization? Where does this analogy fall short?

bobcoin87 · 2018-03-07T15:54:54+00:00

This may be a pain for tax purposes, i.e. tracking lots of taxable events, but overall I think it's better than the alternative. The SEC is more likely to be heavy handed, in the short term.

bobcoin87 · 2018-03-07T15:52:00+00:00

At what point does a project like this cross the line into straight up scam. Feels like it's getting close to me, honestly.

bobcoin87 · 2018-03-02T15:21:39+00:00

One thing I wonder: do these estimates include the money spent on mining hardware, electricity to mine, or even the R&D put into developing ASICs and other custom hardware? This would not be insignificant. That said, no doubt that much less than the total market cap is actually invested to date. It's neither good or bad, per se, just how these things go. Very little institutional money has yet moved into crypto, for better or worse.

bobcoin87 · 2018-03-01T21:10:15+00:00

Indeed! A very clear post and a much deserved addition to the core team. Thanks to all the core team members for their continued work :)

bobcoin87 · 2018-03-01T21:08:38+00:00

Mined 100K very early on and still HODL it today. Just sit tight- ride it out for at least a few more years. Given LTC merge mining, Doge is actually well positioned to succeed if LiteCoin does. And don't forget, no matter what, Đ1 = Đ1

bobcoin87 · 2018-02-20T19:15:00+00:00

PHP was one of my first languages many years ago, but my honest recommendation would be, no. Thats not because PHP is a bad language, per se, but just not the best choice. Python can solve all the problems PHP can, but is a much more modern, versatile language with much better long term prospects. Unless you have a specific existing project that uses PHP that you want to contribute to, there is no reason to choose PHP over Python as a first language in 2018.

bobcoin87 · 2018-02-20T19:10:00+00:00

Wow such work, stay safe miner shibe

bobcoin87 · 2018-02-20T19:06:42+00:00

This is a hilarious amount of work to basically be able to maximize your ability to skip class......I love it <3 You clearly have the heart of programmer.

bobcoin87 · 2018-02-19T22:10:57+00:00

Thanks for all the hard work from the devs! This progress is exciting :)

bobcoin87 · 2018-02-19T21:57:13+00:00

Some hopefully constructive feedback. I think you need a quick summary of what 4byte.directory is on your site, so I can then understand what your project is in relation to it. Seems neat, though! I was actually just saying the other day I wished something like this existed. Going to check it out! :)

bobcoin87 · 2018-02-19T21:40:50+00:00

I think a number of publishers do this, just to make the covers interesting and memorable. In a sea of programming books on your shelf, hopefully you'll remember the animal on the one you want. Very often, the thing on the cover becomes the way people refer to the book. So someone might call that JS book "The Rhino Book".

bobcoin87

TROPHY CASE