gtlondon's comments

gtlondon | 7 years ago | on: My Teenage Video Game Obsession Wasn't 'Gaming Disorder'

What makes me smile about this (and any) "disorder" classification is:

> For gaming disorder to be diagnosed, the behaviour pattern must be of sufficient severity to result in significant impairment in personal, family, social, educational, occupational or other important areas of functioning

But what if you just really prefer gaming (or whatever your disorder is) to personal, family, social, educational and occupational areas of life :)

Based on this Einstein had a "disorder", always studying rather than outside playing.

gtlondon | 7 years ago | on: Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say

The original article is a joke. Large buy orders will obviously increase the price, and to describe this as manipulation is completely misleading.

There's also zero evidence that Tethers are a scam. I'm pretty sure it would have been discovered by now, and also unlikely that Circle would pay $400m for an Exchange whose main currency is USDT if that was the case.

Both NYT and Bloomberg seem to love an inaccurate Crypto article, seems like their editorial standards are non-existent in this sector. Sure that will change once they have bought in.

gtlondon | 7 years ago | on: Coinbase opens its crypto index fund to accredited U.S. investors

Jay Clayton (Chairman of the SEC) was talking about this last week.

He was saying that the cost / overhead difference between ICO and IPO is so large that they either need to make IPO'ing easier or perhaps integrate into crypto in future -- otherwise companies will just ICO instead.

So it could be that crypto helps traditional systems, while reducing costs for both parties.

gtlondon | 7 years ago | on: Coinbase opens its crypto index fund to accredited U.S. investors

This is a good point, however the volatility is primarily that the space / projects are so new.

The economic structure of each project varies, however most are designed so that if they are used for the utility they offer then they will have a price > zero.

Due to the fixed number of coins in circulation the value should rise in some relationship with increased adoption & time (time due to deflation)

Probably only a handful of coins will be used for B2C commerce. Notable other utility includes:

> Decentralised storage (currently much cheaper than any company can offer)

> Supply chain tracking

> Website monetisation systems (without needing ads)

> Smart Contracts

> Create your own blockchain (backed by existing decentralisation)

In summary: if it's used then a project should succeed.

gtlondon | 7 years ago | on: Why Children Aren't Behaving and What We Can Do About It

This is a great point that kids don't want AstroTurf and climbing walls -- ultimately they just want to play.

Its the same in the UK. Schools close within 15 minutes unless you pay extra to stay.

On the plus side: the over population and diversity in London specifically means that kids here are actually quite good at behaving / communicating as they tend to be in transitional groups.

gtlondon | 8 years ago | on: Teenager facing prison for downloading unsecured files from government website

But...you would have left the diamond ring by accident.

Files don't "accidentally" become publicly accessible via HTTP. i.e. you don't return to your computer one day to find everything is public.

Someone specifically took the steps to make this data public. The fact they didn't realize what they were doing isn't the fault of people that then view the data.

gtlondon | 9 years ago | on: Keybase chooses Zcash

Hypothetically, anyone could "prop-up" the crypto market for a newly launched coin by buying the first Asks from Poloniex at a deliberately inflated price and then sell back-and-forth to themselves at the same inflated price to create false volume / pricing.

You wouldn't need any ZEC to begin with.

Just to be clear, I am not specifically claiming the devs are doing this, but somebody with an interest in ZEC performing well (and money to burn to prop up the price) has been.

It's eased off now in any case, but it hasn't gained trust from a trading point of view.

gtlondon | 9 years ago | on: Keybase chooses Zcash

To be fair to ZCash, the high prices at launch were primarily due to very limited supply and market manipulation. The "screaming dive" is really just heading towards a sustainable price.

Somewhere between $2-$10 is a more realistic valuation (based on other coin valuations) -- it will be interesting to see if the price stabilises once within this range.

gtlondon | 9 years ago | on: Keybase chooses Zcash

Good spot, though not surprising to me.

Worth adding here that it also appears Zcash stakeholders have been internally buying/selling their own ZEC at inflated prices on Poloniex to artificially increase both volume and the market price.

Whilst perfectly legal, it doesn't enhance a "trustworthy" reputation to me.

gtlondon | 9 years ago | on: Keybase chooses Zcash

Wouldn't it make more sense to use Monero instead of ZCash?

Privacy is compulsory with Monero and also the entire platform is decentralised.

The privacy features in Zcash are optional & very slow / difficult to use -- most users will simply make non-private transactions. Also Zcash requires trust of the founders (Any "private" coin that requires trust of a third party is a fail in my mind).

gtlondon | 9 years ago | on: “A tale of lies and deceit” – GrabGas CTO let go by founders

Rule #1 of freelancing: If there's anything you definitely want (i.e. money) then always get it in writing beforehand.

Some people will make it deliberately hard for you to get things in writing - these people are looking to screw you over.

If you are a nice guy it's sometimes hard to understand that other (usually more wealthy) people would exploit you. However, the sad fact is some people's default position is to try and exploit others.

On the plus side, sounds like you have some real skills, just needs to be more formal when selling them.

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