Stention314's comments

Stention314 | 3 years ago | on: Kraken.com: Proof of Reserves

Funny, imagine something like this would actually be regulated.

Mmhhh regulation to protect consumers... Mmhhh how could we make this possible? Sounds unrealistic to regulate something as big as a financial sector.

Perhaps PoR could be a solution to something so unregulatable? Or perhaps just use what we have fine-tunes the last 100 years?...

Stention314 | 3 years ago | on: Get your money off crypto.com immediately

Not true.

His cigarette comparison is spot on.

After all you also need to read and sign that you have knowledge when opening a brokerage account too.

We are a safe society. Sane default is build (more or less) so lifing is safe for us.

Do I need a warning label that cereal (plenty of them) are just sugar treats? I don't clearly plenty others do.

Stention314 | 3 years ago | on: Language models are nearly AGIs but we don't notice

An animal has a ton of data input.

Eyes, ears, nerves across your skin, group behavior, parents etc.

This to comprehend (alone the visual) is gigantic.

A brain also has an architecture which is NOT similar to what gpt-3 does

Alone the difference in how brains train alone is huge.

Stention314 | 3 years ago | on: Just how complicated could it be to register a German company?

I did this and found it reasonable easy to create it.

It has a sensible layer of complexity for what you get out of it.

Your German rant is still stupid, no one would do that manually or would otherwise just take the time and effort to learn what is necessary.

Unfortunately for this discussion I have no clue how the UK version really compares to the German one and I also don't know from a statistical point of view if this is a real problem.

After all just creating some company implies a lot of things you need to know anyway like doing the taxes right and doing all other critical things like the yearly get together with all participants.

Stention314 | 3 years ago | on: How to hack the simulation?

It still would not tell you were the aliens came from.

It only adds a layer.

I would be curious for this layer as it would be novel.

Stention314 | 3 years ago | on: Tether's Troubles in November 2022

I love this.

That's such a beautiful example why Bitcoin is garbage.

If you have 100.000k shells and have 0 value you still have physically 100.000k shells you can still do things with.

While you have literally a private key representing 100.000k bitcoins with no value.

Stention314 | 3 years ago | on: FTX faces potential hack, sees mysterious outflows totaling more than $600M

Sources? I was buying and transferring bitcoins over 8 years as I bought weed through it.

Of course you can even pay 0 but you know it's not the normal someone would wait days for the transaction going through.

You clearly did not use Bitcoin often enough otherwise you could just looked the spikes up yourself. That first corona year was even worse with the fees.

Stention314 | 3 years ago | on: FTX faces potential hack, sees mysterious outflows totaling more than $600M

Bitcoin fees are often not cheap at all.

Just a week ago someone got cought and the fbi took his 3 billion dollar worth of BTC.

Sending crypto to someone in Iran or Russia is against the law independent of how you do it.

And just because you can send BTC to Iran someone in Iran also needs to exchange it to something real again.

While banking is more restrictive, when you go to your bank with your passport, you actually can recover your account. I know someone who lost 10k because he lost his key.

For most people it's saver and easier and they are not affected and don't care about all those BTC/crypto benefits at all

Stention314 | 3 years ago | on: FTX faces potential hack, sees mysterious outflows totaling more than $600M

This is wrong and green washing.

We could also use this energy for better things than Bitcoin.

And while BTC doesn't make any value besides moving money from one person to another, it also produces hardware garbage like ASIC chips and power supply.

It also steals demand from others too.

There is only downside for most of us than benefit of allowing Bitcoin mining independent of it's source.

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