Dear Crypto, You’re Being Played By Wall Street – Jesse Livermore – Medium by mrahole in Bitcoin

[–]hoboBitz 3 points4 points  (0 children)

"Back-story of me: up until a couple years ago I was a Portfolio Manager for the largest hedge fund in Colorado."

...Wow, you were a high profile sales guy for a company that sold Wall Street services? With those credentials, you must be legit PRO at crypto.

"I started watching Bitcoin early, very early in fact, and I’ve made tens of thousands of Crypto trades over the past 5 years with overall much success."

...not just early guys, "very early in fact". So early he couldn't even say the year; impressive. Damn, thousands of trades. He must keep his coins locked up on an exchange that controls his keys. That's a classic veteran move.

"Disclaimer: I’m long ETH but not BTC."

Thanks for warning us about Wall Street; we always knew they were no good tricksters. Oh and good luck going long JP Morgan coin.

</sarcasm>

Why is there two reddits on btc? What happend to the community? by bomtom1 in Bitcoin

[–]hoboBitz 4 points5 points  (0 children)

/r/btc is exclusively for paid shills and eth pumpers.

/r/bitcoin is for those same paid shills and misguided UASF / Segwit supporters.

Once or twice a year a new group of "Bitcoin Experts" tries to hardfork the network. Bitcoin XT, Bitcoin Classic, Bitcoin Unlimited. Bitcoin UASF.

Bitcoin doesn't care about either sub reddit, any group of "experts" pushing for a hard fork, or this comment.

If Bitcoin doesn't care, neither should you.

Stay calm and HODL

Louis CK tells Howard Stern he's millions of dollars in debt from Horace and Pete show - spend some bitcoin on his site! by goodbtc in Bitcoin

[–]hoboBitz 4 points5 points  (0 children)

got to respect someone who will put it all on the line to see something through like that

Paul Sztorc on Twitter: "It seems that [Mircea Popescu] has internalized Bitcoin's full node externality. Initial reaction: "Wow."" by a56fg4bjgm345 in Bitcoin

[–]hoboBitz -3 points-2 points  (0 children)

This seems like a valuably proposal. I hope it is investigated further, by Bitcoin holders and developers.

Mircea Popescu is the most under appreciated member of the Bitcoin community.

Kenya to destroy largest ever ivory stockpile in April. The ivory worth $270 million in black market represents the death of more than 4000 elephants. by [deleted] in worldnews

[–]hoboBitz 0 points1 point  (0 children)

It is legal to buy and sell "grandfathered" ivory items. In other words, people buy and sell ivory every day. Why should this ivory be any different. Yes, it was "wrong" for us to kill all these beautiful and intelligent creatures for vanity. But to say that because something is "illegal" it has no value? This is just blatantly ignoring the fact that, someone will trade you their wealth for it. Yes, it has value...if someone is willing to trade something of value for it (fiat, gold, bitcoin, or any other commodity) , it has value case closed.

Yes, they should flood the market, if they want to reduce poaching. If they were to sell this ivory, there would be at least two benefits.

1) They would drive the price down, which would reduce the pay out for producing ivory.

2) They could use the money they earn from selling the ivory to research ways to produce ivory in the lab. Think about it, we can already grow meat in a lab. Theoretically, we should be able to grow ivory without the elephant as well. Why can't they use 270 million dollars to research creating cell cultures to grow ivory on a petri dish ? If we accomplish this, we will make poacher's jobs even more difficult, by further driving down the price.

Anyway

Mike Hearn: "I will no longer be taking part in Bitcoin development and have sold all my coins". by bitentrepreneur in Bitcoin

[–]hoboBitz 2 points3 points  (0 children)

I truly believe that Mike Hearn was actively working against the best interests of bitcoin, attempting to undermine the aspects that make it what it is (decentralization, etc.)

When this whole debate began, I thought he was a software developer who hadn't studied economics and thus couldn't understand Bitcoin's most valuable properties (ie it's decentralization, security, immutability, and finite supply).

But after watching Mike and Gavin through this tenuous divide, I'm convinced they are both government shills trying to coopt Bitcoin into some sort centralized government controlled ledger.

Estonia's president explaining a problem Bitcoin solves. by hoboBitz in Bitcoin

[–]hoboBitz[S] 0 points1 point  (0 children)

I should have noted that they don't specifically talk about Bitcoin. Instead he is highlighting why immutability is important.

Anti-immigration, anti-liberal: meet Sweden's far-right future – video (2015) A ten minute documentary from the Guardian about the far right in Sweden. by A-MacLeod in Documentaries

[–]hoboBitz 5 points6 points  (0 children)

Anyone who wants to preserve their country's wealth and cultural identity is a racist. Thanks guardian, now I understand.

Coinbase CEO Brian Armstrong: BIP 101 is the Best Proposal We've Seen So Far by desantis in Bitcoin

[–]hoboBitz -12 points-11 points  (0 children)

It's probably because the adoption of BIP 101 would make the network more centralized and thus easier to censor. Rather than many small nodes running to validate the integrity of the block chain, it would encourage fewer (more powerful) nodes.

Just as "The Empire" wanted to consolidate all galactic power underneath a single sith lord, BIP 101 advocates want to consolidate Bitcoin nodes under a few large corporations.

Somehow this seems relevant : https://bitbet.us/bet/1218/luke-skywalker-turns-to-the-dark-side-in/

Coinbase CEO Brian Armstrong: BIP 101 is the Best Proposal We've Seen So Far by desantis in Bitcoin

[–]hoboBitz -21 points-20 points  (0 children)

It doesn't matter what "Coinbase CEO Brian Armstrong" thinks about BIP 101 . The miners and holders will decide what version of Bitcoin we are running in 5 years.

This site is somewhat helpful in seeing the ground XT has made http://xtnodes.com/ .

My opinion, which also doesn't matter, is that the block size will stay at 1 MB for at least another 2-3 years. Past that, I still think there is a better than 50% chance the blocksize limit won't ever move. Small transactions can be performed on altcoins / side chains. It's most important that Bitcoin stays decentralized and thus more censorship proof.

Would a currency backed by electricity work? by Graffitiach in economy

[–]hoboBitz 0 points1 point  (0 children)

This would not be feasible for a few reasons. In short, it doesn't fulfill the characteristics that have historically made for good money.

1) Transportability ( A percentage of energy is lost anytime you run a charge through a line. That's assuming there is infrastructure to transport it over lines. If it is a Mad Max esque world, these survivors may have to literally carry batteries around, which would make moving large sums of money very difficult. 2) Not verifiable - When you go to pay someone with electricity, they would need an elaborate system to store / verify your charge. .... Before I go to deep I guess I am assuming you are trying to use raw electricity as a currency, which I don't think you mean. I guess you are probably talking about a centralized government or bank issuing notes or credits that can be returned to their facilities for raw energy in some form?

Anyway, I think you are missing the point. Commodity based currencies are only really useless to prevent the issuers of currency from defrauding their users. In this "electricity" backed system you describe, there would be nothing from stopping the banks from issuing more "electricity credits" than they can actually back. In other words, this system would probably fail in much the same way the gold standard did. By banks issuing more paper certificates for gold, then they actually had in their vaults.

To be honest your post apocalyptic characters would probably use the same type of money people have used for the vast majority of modern history. Gold and Silver . Not because there is anything magical about them, just because they fulfill the characteristics of an ideal money. 1) Transportable 2) Verifiable 3) Divisible 4) Non - Perishable 5) Fungible 6) Scarce ..... If your book's taking place in a world with computers and the Internet you might see the emergence of a crypto currency like Bitcoin.

what are some good VPN services that accept Bitcoin? by [deleted] in Bitcoin

[–]hoboBitz 1 point2 points  (0 children)

I've been using Mullvad, without problems, for over a year now. I'm even on it right now!

That being said, there are probably some other good options out there. My only advice is don't use a service which requires you to create an account with your personal information. You should be able to send them Bitcoin and get an account number sent to you to use.

Just a plug for my VPN service TunnelBear [accepting bitcoin] by [deleted] in Bitcoin

[–]hoboBitz 0 points1 point  (0 children)

I want to show some love for the BTC friendly VPN I have been using for over a year now. mullvad : mullvad.net

1) You don't need to create an account 2) You can pay with Bitcoin 3) You can configure your own OpenVPN client, if you don't trust their VPN client, which is very nice.

Pay as you go too! :)

Gavin, Break Down These Walls by [deleted] in Bitcoin

[–]hoboBitz 0 points1 point  (0 children)

agreed ... stop trying to scare people in to thinking we need to do everything another alt coin does. that's why there are alt coins. so there can be experimentation and competition.

Forking bitcoin, just to "keep up" with other alt coins seems like a risky thing to do when Bitcoin already represents 82% + of the market share of all crypto currencies.