ritarong's comments

ritarong | 8 years ago | on: Apple Music on Track to Overtake Spotify in U.S. Subscribers

Grooveshark :(

ritarong | 8 years ago | on: Capital-As-a-Service: A New Operating System for Early Stage Investing

The argument they are making is that they can leverage data about a company to determine how it should be invested in and what steps need to be taken to ensure success. This will supposedly be scalable and reach areas where venture capital is not available. Reminds me of Accelerando.

ritarong | 8 years ago | on: Ethereum Adoption of Zk-SNARK Technology

This is one area of blockchain and new cryptography that is genuinely worth its weight.

ritarong | 8 years ago | on: Is There a Cryptocurrency Bubble? Just Ask Doge

One of the reasons Doge was successful was because it was, at its heart a meme, and something fun. Bitcoin is sort of a meme too but it seems to keep recreating itself. New 'Bitcoin Myths' keep popping up of why it should be valuable. Bitcoin will make micro-transactions on the internet feasible. Bitcoin will upend tyrannical governments. Bitcoin will be adopted by countries with hyperinflation. Bitcoin is a hedge against financial collapse.

GOt that idea from here: https://publication.widmerdun.com/the-perpetual-bubble-machi...

ritarong | 8 years ago | on: People Who Have Taken Psychedelics More Likely To Be Environmentally Friendly

In a way it is a race to the bottom when it comes to quality in articles

ritarong | 8 years ago | on: Hackers nab $500k as Enigma is compromised weeks before its ICO

It's amazing that this has happened multiple times before and yet people have not learned to be more careful. Greed and FOMO.

ritarong | 8 years ago | on: The Token Effect

I think the TCP/IP analogy is fuzzy at best. As for why these projects need their own currencies, it's not really that weird, it's just another way of thinking about it all. They're called Local Currencies and are pretty common. They definitely help to create strongly knit communities in particular when the communities revolve around certain ideals or requirement. https://en.wikipedia.org/wiki/Local_currency