You’d be wise to. First-world stock exchanges are not in the habit of disappearing, and volatility is significantly lower (yeah, yeah, the past week, I know, but I’m assuming we’re talking about a long time horizon like retirement).
There are more crooks on wall Street (including the Banks) than in crypto.
Edit: Source: The 2008/09 financial crisis. You really don't need a specific source here as it's clear to everyone that Banks have done great dishonest disservices to their customers. Wells Fargo's latest news is case and point.
> There are more crooks on wall Street (including the Banks) than in crypto.
This is a fun statement, because it's vague enough to be defended with "oh, but I meant <foo>".
Yeah, Wells Fargo got caught making accounts people didn't know about. There are cases like Enron. Financial crises, overdraft fees inflated by ordering transactions maliciously, etc.
In the grand scheme of things, though, Wall Street tends to work, and fairly well, and when it has an issue it winds up recovering eventually so you're fine if you're well diversified and don't need to retire next week. The various stocks in the DJIA and the NASDAQ are making real products, have real value, and will mostly still be here in a few years.
TBH if you're going to manage your financial future based on trite, vacuous phrases then crack on. You clearly don't care very much about your money so it shouldn't matter much what you do with it.
The only caveat I'd make is that if you have dependents then this sort of fatuous ignorance is nigh on criminal. Otherwise, good luck and I hope you don't completely fuck up your life.
Regardless, who cares how many 'crooks' there are on Wall Street. If you want to get rich slow, you throw your money in a stable investment in stocks, the 401k has made lots of millionaires.
Smash cut to a barren wasteland with no one and nothing left. Maybe cryptocurrency has a bright future, but I’m skeptical that any of the extent ones fit that bill. PoW is obscene, Lightning impractical, and it may just be that the whole thing is fatally flawed.
Your first link has refuting or critical comments from such notables as Vitalik Buterin and Brahm Cohen. In case anyone wanted a tl;dr to actually reading and evaluating that 15 minute logical fallacy of a read. And the other ones just reference the first link.
Not really true. You can offload monitoring blockchain to "watchers" (privately), and if you have a pay-only wallet you don't have to watch for anything anyway.
On top of that LN is very practical for heaviest blockchain users, that do run full node 24/7 anyway.
That sounds like a semantic distinction; a computer working for you has to watch the network 24/7. Besides, Quis custodiet ipsos custodes? Hiring a watcher sounds tricky if you want it to be really trustless, it sounds cumbersome, and frankly I can’t find any good info on how it works.
AFAIK it can be done anonymously, for a tiny price and a bit bigger bounty (if found). Since the state of the channel is private, watcher has no information about anything anyway. On top of it - it's only a secondary defense. Your wallet still can do the monitoring by themselves and other party can't know that you dissapeared from the internet and won't appear in next 24 hours in advance. Other party risks reputation and their own funds if they get caught by you or your watcher(s). Because of that attacks like that are very infeasible.
Like any crypto currency, the numbers in computers are worth whatever people believe they’re worth. So when enough people believe said numbers are worth zero, then the currency will be worth 0. Some may say the same is true for fiat, however the difference with fiat is most national currencies are backed by the might of military force to convince or coerce people into believing the value is > 0.
"Distributed ledger and other emerging technologies have the potential to further influence and improve the capital markets and the financial services industry. Businesses, especially smaller businesses without efficient access to traditional capital markets, can be aided by financial technology in raising capital to establish and finance their operations, thereby allowing them to be more competitive both domestically and globally. And these technological innovations can provide investors with new
pportunities to offer support and capital to novel concepts and ideas."
"Said simply, we should embrace the pursuit of technological advancement, as well as new and innovative techniques for capital raising, but not at the expense of the principles undermining our well-founded and proven approach to protecting investors and markets."
All things considered, this is a positive outcome for crypto making it an even better investment.
The whole document seemed to have a positive supportive tone. I'm glad there are still some smart people left in government who are willing to take risks on new technology.
I really hope the do the same with automated cars and other AI tech in general.
How would that work, though? If creators want to accept cryptocurrency, they can already put an address on their web site and watch the money rolling in. No need for an intermediate.
If creators want other currencies but you want to pay in cryptocurrency, Liberapay would have to do the conversion for you. But it's questionable why that would be a good idea. They would have to use yet another intermediary.
"There’s a lot of noise out there. Choosing which new cryptocurrencies to focus on can be hard. At the core of many of today’s cryptos planning to launch are are scams, half-baked ideas for projects, inexperienced teams, bloated capital structures or a goal more focused on the ICO than the importance of getting listed as a proper trading vehicle on secure exchanges thereby benefiting original token holders.
There are sites out there that do a fairly good job of curating and screening these kinds of factors. What it takes to be ready for a successful lift off can be defined by the following points:
Motive: Why are they doing this? If it’s simply to provide a return on an investment, then buyer beware. If they lay out a clear vision where the value proposition is easily understood this would be a good sign. It should be more than just a “we’re making the world a better place”. This will help it pass the scam test. What really helps pass the scam test is whether or not they have a working product you can take for a test drive.
Experienced Team: What has the team executed on in the past, together? It should first and foremost be technology related. You should be able to quickly look this up on the net. Get them on the phone if possible to see if the team even exists at all. I do this with every team I invest in.
Capital Structure: How much crypto are they offering to the public? Gauging demand for a crypto is key. Not everyone is going to want to take a position in it. These factors should determine how much crypto should be offered to the public. If these numbers are way off then it’s going to be hard for the crypto to move up without enough demand. As a token holder, this is an important aspect to analyze.
Raising the right amount money during their ICO: This connects directly to the point above. If they raise too much money during the ICO, they’re going to have to clear loads of ‘flippers’. These flippers are those that purchase tokens during the ICO and as soon as the team lists the token on the first exchange, they sell right into it creating a massive amount of sell pressure they’ll have to clear before anyone makes any real returns. It can take months and sometimes years before a team can clear sellers like this before the token can appreciate with any kind of real value."
Sorry to say but it looks another of those cryptocurrency things which talks big but deliver very little.
The very first ICO fails on the metric set above. The capital structure is skewed. It says pre-sale at no lock in. That is nearly 2 million dollars at current IPO price. Public sale accounts only for 35% and 65% by foundation, team, apitode etc. So much for decentralization. Then they also value themselves at 450 million dollars. Based on what market?
We are a crypto data gathering and intelligence company. Our services are used by hedge funds and other organizations to achieve greater signal to noise ratios.
We are looking for the following:
- Interns - a desire and true enthusiasm to learn about how current machine learning technologies can be enhanced using the blockchain.
