The author implies the assumption that over time, distributed data will get quicker and cheaper, like the CPU and memory on a PC.
It won't.
It can't.
The problem is that validating transactions on a blockchain must be expensive. If they were cheap, then I could spend a few bucks, take over a blockchain, and say that my transactions are the valid ones.
Before every round, I'm going to flip a coin before I send the next message out. Heads I'll stick with my method of deciding who the leader is for the round. Tails, I'll switch to your method of deciding on the leader for the round.
If I get heads, in the next round, I will send you this same message but starting with a different random integer from one to any size. If we both send each other this same exact message but starting with a different integer, in the same round, then whoever sends the largest integer, gets to be the leader and we will follow their plan."
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Next round and every round after:
If heads, I'll send out the same message but starting with a different random integer.
If tails, I'll follow their method of selecting a leader.
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If it ever reaches a point where we both send each other the exact same message except for the integer, and my integer was the largest one, my next message would be (or if their method ends up with me being the leader):
"I am the leader. We will both announce red in the next round"
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If it ever reaches a point where we both send each other the exact same message except for the integer, and my integer was the smaller one, my next message would be (or if their method ends up with them being the leader):
"You are the leader. I will follow the plan you sent me in this round."
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If we send each other the exact same message and the integers are tied, in the next round I flip a coin and if heads, send out the same long message again.
A US company, Ambri, is also working on a molten salt battery.
"The liquid metal battery is comprised of a liquid calcium alloy anode, a molten salt electrolyte and a cathode comprised of solid particles of antimony"
I think it's a good rule of thumb to assume that anyone who guarantees returns greater than the historical return of the S&P 500 is a ponzi scheme.
I don't know of a single reputable bank, hedge fund or publicly traded company that does that.
A huge number of places do have high returns from time to time. But any reputable firm points out that past returns do not guarantee future results. No reputable firm guarantees returns that high in the future.
The key is the guarantee.
Anyone who GUARANTEES returns that high in the future is suspect, and therefore must be more transparent than usual in order to clear the bar. The article indicates that Celsius was less transparent than usual in describing exactly how they made their high returns.
Celsius does say "While Celsius strives to maintain stable reward rates over time, any change in circumstances may bring about changes to such rates, and in some events the rates may drop to 0%" deep in their Risk Disclosure.
Who are currently the biggest holders? Lots of different random individuals? All the people who have deposited cash into an exchange but haven't bought bitcoin yet/people who have sold bitcoin on an exchange, and haven't cashed out for USD yet? Institutions, if so which ones?
I expect my property, my house and yard, to appreciate less than the S&P 500. I expect the value of my property to go up a little, but not a lot. By choosing to buy property, instead of living in the cheapest rental I could find, there is an opportunity cost. And I'm OK with that.
If money was the only goal, renting something extremely inexpensive and investing would give me a better financial return.
He mentions his house is near a street named Baltimore. And he said he's near DC, not in DC.
One possibility is University of Maryland in College Park.
The main street that runs through campus is Baltimore Avenue. And it's just a few miles outside of DC. It's close enough to be on the DC Metro.
There's a Megamart a few miles away. A Lidl supermarket is just north of campus. And there's a very small Target with a nice sized grocery section with fresh fruit and vegetables, etc. right in the middle of campus.
If you're walking from the middle of campus, Target is your best bet. Lidl is a possible walk, depending on exactly where he lives, but a little further. Next would be Whole Foods, two miles south of campus. Maybe he hasn't discovered that yet?
Near DC. He mentions Baltimore as a street near his house. That's the main street that runs through the University of Maryland campus in
College Park. It's just a few miles outside of DC.
It won't.
It can't.
The problem is that validating transactions on a blockchain must be expensive. If they were cheap, then I could spend a few bucks, take over a blockchain, and say that my transactions are the valid ones.
There's no way around this issue.