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Dave86ch

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  1. It looks like a checkmate situation.
  2. "You will be invited at almost every turn to believe that the coming Information Societies will be very like the industrial society you grew up in. We doubt it. Microprocessing will dissolve the mortar in the bricks. It will so profoundly alter the logic of violence that it will inevitably change the way people organize their livelihoods and defend themselves. Yet the tendency will be to downplay the inevitability of these changes, or to argue about their desirability as if it were within the fiat of industrial institutions to determine how history evolves." James Dale Davidson, 1997, The Sovereign Individual: Mastering the Transition to the Information Age
  3. Your statements have sense but your question was asked differently.
  4. Some BTC features and tech characteristics: digital scarcity/portability/divisibility, programmed deflationary trajectory, immutability, blockchain rails, network effect, mindshare, attraction of brains incentivated and motivated to improve the network. Ethereum is a Turing complete machine. I see nothing in common with this stock certificates.
  5. In my opinion the "contagion" was the only way to bring the idea of a decentralized currency to the light. An elegant code exploits the opportunistic nature of humans in order to emerge (incentives), it's simple brilliant. If whoever will become rich corresponds to whoever will be able to build an optimized network around this technology, the capital transfer makes sense, otherwise probabily it is a Ponzi Scheme.
  6. I shared that to highlight the notion of "store of value" expressed in your post, notion clearly defined from the beginning by Satoshi. I was not referring to the hyperledger.
  7. “In this sense, it’s more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value” Satoshi Nakamoto 2009-02-18
  8. Bitcoin is simply the beginning of the possibility of owning your digital stuff: money, data, identity throught the private key. Nakamoto solved the double spending problem, this become the solution of many problems arised in our increasingly digital existence. Ethereum is a decentralized complete turing machine, similar to Bitcoin but with way more use cases, this complexity bring some more fragilities. Is it a bubble? Imo Yes. I written an article sometime ago of the general concept of bubble, I think Soros reflexivity is a good explanation of what we are living today.
  9. The goal of bitcoin is exactly to escape the tax system. The sovereign individual docet.
  10. http://www.haydencapital.com/wp-content/uploads/Hayden-Capital_Coinbase-Memo.pdf
  11. For everyone interested in the cryptocurrencies space I suggest to read The Sovereign Individual: How to Survive and Thrive during the Collapse of the Welfare State Book by James Dale Davidson It was written in 1997 and in my opinion the author gives a good frame to how to think about Bitcoin and our society beside short term fluctuations. The interesting fact is that Bitcoin didnt exist at the time.
  12. Added a few 9988hk, ~15% of my portfolio
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