sgspace
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7 years ago
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on: Sequoia Capital China Said To Invest In Bitmain's $400M Round At $12B Valuation
They most likely went short on Bitcoin when the price was high. This is Bitmain they are not just guessing what the price will be they certainly have projections and they know what a crypto bear market is like. Its a very safe position to short Bitcoin when you have the Bitcoin to cover the shorts if the price goes up.
sgspace
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7 years ago
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on: Browsing porn in incognito mode isn't nearly as private as you think
Use a VPN that you pay for with BTC that has been mixed/tumbled.
sgspace
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8 years ago
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on: Facebook is banning all ads promoting cryptocurrencies
sgspace
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8 years ago
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on: Goldman Sachs Report Explores Use of Bitcoin as Currency
Wow thats a lot of words to say "I didn't buy Bitcoin when it was cheap".
sgspace
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8 years ago
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on: Did Bitcoin just prove it can't scale?
Well right now Bitcoin Cash has 8x the capacity for on chain scaling 1mb blocks on BTC vs 8mb on BCH. Next Bitcoin Cash fork gives us 32mb blocks or 32x transaction capacity.
Simplified a little bit I know you can pack segwit transactions into 1.7mb blocks on BTC.
sgspace
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8 years ago
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on: Did Bitcoin just prove it can't scale?
Lower transaction fees leads to more volume of transactions. They’re going for the amazon approach of razor thin margins which should lead to more transactions overall. They plan to keep transaction fees around 1 penny by increasing the block size as it fills up. Next fork for Bitcoin Cash will give it 32mb blocks.
sgspace
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8 years ago
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on: Did Bitcoin just prove it can't scale?
Check out Bitcoin Cash if you want a scalable on chain crypto currency. Bitcoin Cash has the same history as Bitcoin up until August 1st, 2017 when they forked off the majority chain. Bitcoin Cash allows you to send any amount of money to anyone in the world for about 1 penny per transaction.
sgspace
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8 years ago
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on: A look at inner workings of Joycon and Nintendo Switch
I am really impressed by how the joycons and the switch itself “just work”. I have never had any syncing issues. You can play the console with the controllers attached to the switch or with the controllers wirelessly and you can change at anytime you are playing the game. I’ve never had any issues with syncing and changing playing style. Attaching/detaching the controllers never takes more than a couple seconds even in the middle of a game.
sgspace
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8 years ago
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on: Bitcoin Surges Past $7,000 to Extend Record Rally
ya done smoked $70,000 worth of pot son
sgspace
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8 years ago
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on: Bancor has lost more than half its value since June ICO
It is rare to find someone actually contributing to a crypto currency discussion, rather than just sharing their opinion. Insightful comment thanks!
sgspace
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8 years ago
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on: Bitcoin Futures Could Open the Floodgates for Institutional Investors
Bitcoin is a hedge against fiat and the fractional reserve banking system.
sgspace
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8 years ago
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on: Cryptocurrency Evolution
Try that today and your old node/wallet will have trouble reading Segwit transactions.
sgspace
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8 years ago
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on: Show HN: 4chan on the Ethereum blockchain
Well it appears we will find out very soon
sgspace
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8 years ago
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on: Medical marijuana patients report reduction in use of prescription drugs
I can see this. I deal with chronic pain daily and I smoke often. After I light up, I am still aware of the pain if I think about it, but as you mention, my mind wanders and I forget about the pain for moments at a time.
sgspace
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8 years ago
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on: Medical marijuana patients report reduction in use of prescription drugs
There any many different strains of marijuana each with different potencies of the underlying psychoactive chemicals. Smoking a bag of random whatever you bought in high school is not very comparable to walking into a new USA dispensary and buying a prescription of a strain that has been grown to combat specific symptoms you're trying to treat.
Some strains will make you feel dumb, make your head cloudy, and make you forget everything. Some will keep your mind 100% clear but make your body feel like its floating.
I don't think many people realize how useful marijuana is for pain management. I have a chronic illness and I've been able to get off all prescription drugs in place of medicinal marijuana.
sgspace
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8 years ago
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on: Cryptocurrencies are the tulip mania of the 21st century
1) First mover advantage. Bitcoin is the easiest crypto currency to buy or sell for fiat. Every crypto exchange/atm/payment gateway supports Bitcoin and maybe some altcoins like Ether or Litecoin. On crypto exchanges, Bitcoin is always the base market pair. Bitcoin is the oldest, most battle tested crypto, so people expect it to be the most secure.
2) Economics. Bitcoin is deflationary. There will only ever be 21m Bitcoins. Ethereum does not have a hard cap on the max number of Ethers. Each coin has its own economics. Smart investors will understand the economics behind each coin they buy into. Otherwise you end up buying Ripple at 40 cents each thinking its a bargain...
sgspace
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8 years ago
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on: The China ICO Ban
How is this FUD when it is actual news?
sgspace
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8 years ago
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on: Ask HN: Projects that don't make you money but you're doing it out of sheer joy?
This is awesome I love Nintendo thank you!
sgspace
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8 years ago
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on: Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows
You sound like the other thousands of posts I've read over the past 8 years. You're either correct or missing out on something massive.
sgspace
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8 years ago
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on: Digital coins may be on the verge of going mainstream
Huh? There is no such thing as a physical bitcoin. 1 bitcoin will always be worth 1 bitcoin. To calculate the total bitcoin market cap you multiply the number of circulating bitcoins by the current exchange rate for your preferred currency.
