sgspace
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8 years ago
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on: Analyzing Cryptocurrencies Using PostgreSQL
DMD was a legitimate pump and dump orchestrated by a trading group. How it works: Everyone sends BTC to a bot. Bot buys a ridiculous amount of random coin to skyrocket the price. Noobs see price rising and FOMO in. Bot dumps coins on new buyers and everyone in trading group gets rich.
sgspace
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8 years ago
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on: Take Naps at Work
Napping is fireable offense at my company. :(
sgspace
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8 years ago
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on: What if the Bitcoin bubble bursts?
I would imagine the security of your traditional bank account would be at risk as well.
sgspace
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8 years ago
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on: What if the Bitcoin bubble bursts?
Here:
https://blockchain.info/unconfirmed-transactionsRecently Ethereum has been taking a chunk out of Bitcoin's market share. One of the big reasons why is that it does not currently have this problem of a massive transaction backlog requiring large transaction fees.
sgspace
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8 years ago
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on: What if the Bitcoin bubble bursts?
Anyone who has ever purchased bitcoin and held on to it before this past month is sitting on some amazing gains. If you purchased bitcoin at the top of the bubble in 2013, despite being down for years, today you would be up around 100%.
sgspace
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8 years ago
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on: What if the Bitcoin bubble bursts?
When a bitcoin transaction is created it sits in the transaction backlog until a bitcoin node validates it. Nodes have the economic incentive to pick transactions with the highest fees. If you do not set a high enough fee, you risk your transaction sitting in the backlog for hours or days.
sgspace
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8 years ago
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on: What if the Bitcoin bubble bursts?
TLDR: "If there is such a thing as a healthy bubble, this is it. To be sure, regulators should watch out that cryptocurrencies do not become even more of a conduit for criminal activity, such as drug dealing. But they should think twice before coming down hard, particularly on ICOs. Being too spiky would not just prick a bubble, but also prevent a lot of the useful innovation that is likely to come about at the same time."
sgspace
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8 years ago
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on: Bitcoin mining companies face shutdown in southwest China
Digix is working on tokens tied to physical assets. Their first product will be a token tied to 1g physical gold. A different company, Tether offers a token tied to USD.
[1] https://www.dgx.io/
[2] https://tether.to/
sgspace
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8 years ago
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on: Kik Messenger App Debuts Own Digital Currency Amid Bitcoin Boom
Have you ever heard of Ethereum? These Kik tokens run on top of Ethereum which had an ICO a couple years ago.
sgspace
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9 years ago
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on: How Apple Alienated Mac Loyalists
Hey I ran into the same issue with Xcode 8 breaking all my existing iOS projects. If you go to developer.apple.com and find the downloads section you can download older versions of Xcode. You can have multiple Xcode versions installed on a single machine. I have Xcode 7 and Xcode 8 sitting right next to each other in my applications folder.
