Winklevoss twins bitcoin stake truck

Serialization of Crypto-Current: Bitcoin and Philosophy starts here, and will continue with some moments of disorder until the damn thing is all out. Further notes on the order of release will be forthcoming. Such a suggestion is naturally obscure. It coaxes attention toward the surreptitious direction of things. This evasiveness is compounded by the complexity of its complement.

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Content:

• The biggest tech wins of 2017 - a year when AI found its voice and smartwatches saved lives
• DOUBLE DIGITS RETURNS
• John Greenwood
• Mercedes rolls out luxury electric car in duel with Tesla
• G'day caller: Aussie firms offshore jobs to 'little brother' NZ
• Incredible photos show near-misses and lucky escapes that could have been SO much worse
• Better Buy: Bitcoin vs. Riot Blockchain
• Economic/industry news
• Looking for the next Dogecoin or Shiba Inu in 2022? Here’s what to keep in mind
• Bitcoin Grows Up

WATCH RELATED VIDEO: Winklevoss Twins talk Bitcoin and NFTs

The biggest tech wins of 2017 - a year when AI found its voice and smartwatches saved lives

Adding protections here and there will inevitably lead to a system that is similar to current financial system with all the bells and whistles. Market goes down, crypto seems to go down with it. It's not supposed to be doing this. I think this is happening because it's become so easy to purchase that people now just have it in their "portfolio", basket of everything, and when they want to sell, they just sell everything, stocks and crypto. They are the same thing to a lot of people.

This means it is getting tied into the existing financial system anyway, even without specific "controls" like central banking. What's more, the first matters little only because volatility can sometimes be annoying , while the second is an essential, even defining property of the system.

Why not? Again, Bitcoin was designed to solve one problem: allowing economic entities to exchange value freely. Other than - maybe - the fixed supply, nothing was ever built in the protocol to control its price. Is it really not? Both stocks and cryptocurrencies act as inflation hedges against the central bank. It is highly correlated with high risk assets and growth shares.

It is anything but an inflation hedge, which is why it has been plunging as inflation rises and will fall more if interest rates rise. Just because BTC is temporarily correlated with risk assets, that doesnt mean it wont change. Also, it's better to look at charts by starting at the beginnning of this 4 year cycle, dont pick out a bearish 6 month period and falsely claim BTC fails the inflation test. Short termism and Bitcoin's monetary policy are incompatible.

It certainly fails the inflation test without any doubt today. You seem to be saying that it might pass it in the future. Wrong, real inflation has been rising at an alarming rate for more than a decade, it didnt start in Q4 of If you choose to measure BTCs performance poorly month windows , you are just feeding yourself a false conclusion since Bitcoin had a 5,,x return over the past decade. BTC's monetary policy makes it an inflation hedge regardless of what humans are doing with it, the cycles just take 4 years to play out.

The evidence is literally in the code. No need to complicate things, just focus on 2 key questions Will it be lower for the forseeable future? That will give you the simple answer you are looking for Price and supply are independent. What matters is whether the speculative asset acts like an inflation hedge. Spoiler: it does not. It acts like a speculative bubble. Monetary policy is the key here. Gold is called an inflation hedge by many confused people, compare its performance to btc over the last 10 years and tell me which performs better in the face of fiat inflation.

Price is literally discovered by supply vs demand. Say 5 billionaires want to buy coin-x and the max circulating supply is 1 coin When the bidding war starts, are price and supply independent? I dont think you understand the topic we are discussing here, so I will move on. Past performance is no predictor of future gains, as they say.

Both cryptocurrencies and stocks are traded with leverage these days, and central banks control the price of leverage. So, if central banks decide to start raising interest rates, asset prices will go down because leveraging becomes more expensive. Crypto has cooled off considerably during the last few months.

It's kinda drifting on the waves of the stock market. It needs a new narrative to become "hot" again, than it'll decouple. In essence, the idea is that if a teenager in acquired 10,BTC the society owes him food, shelter and luxury for generations to come. Wow - this is a really good description of Bitcoin.

Similar to the tweet that said "Whenever I read 'decentralized', I think 'unregulated'. The difference being that BTC has no utility that people depend on. The real world phenomenon that this corresponds to is consumer price inflation or asset price inflation assuming your asset is production capacity and the medium of exchange is BTC Being a landlord, or being an oil baron in an economy that is dependent on petrol, is different because people actually need those things.

So antidemocratic aristocrats who inherited a land with substantial oil reserves can now buy lots of startups via softbank or build artificial cities because our cheapest way to acquire petrol is still to dig it out of the ground in those countries where reserves accumulated in the last millions of years, and pay local rulers for the permission to do it. If we assume that we should maintain the current scarce currency system, then the only solution would be to have multiple competing scarce currencies.

However, Bitcoin is not really competing against anything except maybe gold. Not necessarily. The state still takes a percentage eg: property tax, maintenance, utilities, safety certifications, etc.

Why would the majority of people want that? BTC Exchanges C. BTC Miners E. All of the above and many more It's F reply. So central bank control would be something like "expansion of money supply beyond 21 million bitcoins". The Federal Reserve central bank in USA is the entity that adjusts the fractional reserve requirement. A crypto-exchange like Coinbase can't do it. As a previous case study, Coinbase was part of the group that aligned with majority miners to change the Bitcoin protocol to increase the block size -- but all that influence and miner support still couldn't get the Bitcoin network to adopt it.

This is a misunderstanding of how the money supply works. Central banks have a legal monopoly on the issuance of currency, but they don't have complete control about the money supply, because commercial banks also create money via fractional reserves. And this applies to bitcoin as well. Crypto-exchanges can expand the supply of any crypto-currency by creating deposits that aren't fully backed with reserves.

The idea that no one can expand the supply of bitcoins beyond 21 million is a nothing but fairy tale. Do you have any examples of any of the parties you listed successfully exercising their power against the protocol? Sure anyone can affect anything but how did any of them selfishly affect the fundamental properties of the protocol?

Ironically I think ETC is the only network here that proves your point, and I think most people would agree that the reasoning for moving to ETH was fair. I have a friend of mine that retired at 40 from working at a hedge fund and investing his personal money well. Bought an 80 acre farm, has a bunch of a horses, a wife 20 years younger than him and three kids. Yeah and in that sense it is basically the same as gold. Gold is a tool to entrench power. Bitcoin is a tool to entrench power.

Conventional fiat currency is also a tool designed to entrench power. All of these so called "scarce" currencies achieved exactly what they were designed for. The ideal that Bitcoin lets you escape the current financial dogmas is completely wrong, it's a parody of the existing system. Something like Freicoin would be more appropriate as an alternative, e. What is your evidence for this? Also, if we assume they do, well Darwinism at work as far as I'm concerned.

Not you keys, not your coins. In fact there are only 1. Ren has about 18K BTC in escrow. Lightning network is about 3k BTC. My dog is closer to a bank than an exchange is. Bitcoin maxis literally go insane telling people to take their coins off exchanges. It's part of the dogma. Inequality can be measured by non-state entities, and would seem to provide for example useful signals to investors about the health of the ecosystem. But we shouldn't pretend that it is impossible for markets to do any sort of introspection without the force of law behind it.

And in the case of bitcoin, they do at least know which wallets own which coins, right? Seems easier to track than cash. Control by a few anonymous individuals with totally unknown interests is not an improvement on control by state entities whose interests are widely known.

PeterisP 12 days ago prev next [—]. Meh, since there's no hard registry of identities of owners, if someone would make and popularize an inequality index, that index would simply be gamed e.

Simply put, there's no way to differentiate between coins that are just sitting there unspent and coins which no one can access anymore because of lost wallet keys and there's no shortage of such stories. The bigger problem is that addresses are not measures of people. A lot of addresses are purposely generated as throwaway accounts, never to be used again. A single person may have or use dozens of wallets. Or a single wallet may be used by a large exchange which represents thousands of depositors.

DOUBLE DIGITS RETURNS

The brothers, along with their friend, Divya Narendra start work on a social network for Harvard students n amed HarvardConnection, which was to expand to other schools around the country. Because Gao is leaving, the Winklevosses and Narendra contact Mark Zuckerberg about joining the team. Narendra emails Zuckerberg:. Even so, the site had been an instant hit. During the meeting, Zuckerberg allegedly enters into an oral contract with Narendra and the Winklevosses to become a partner in HarvardConnection. Although his attorneys have denied that any formal discussion about compensation or ownership of Harvard Connection took place, Gao would later tell the court:. I told him that [Narendra and the Winklevosses] would either pay him on a rolling basis or take him on as a partner with the possibility of taking an equal stake.

John Greenwood

He also developed trading software at Bloomberg and the Tokyo Stock Exchange. Vitalik Buterin is Founder of Ethereum , the second-largest cryptocurrency platform after Bitcoin. A researcher and developer, he also co-founded Bitcoin Magazine. Their products include the cryptocurrency mining platform Antpool, blockchain supercomputing hardware Antminer, and the mining pool and block explorer BTC. He also co-founded GiveCrypto , a platform for philanthropy that encourages giving cryptocurrency to underprivileged people who otherwise could not access finance or investment opportunities. Prior to this, he founded UniversityTutor. Charles Hoskinson is Co-founder of Input Output HK IOHK , an industry-leading blockchain and cryptocurrency research company serving academic institutions, corporations, and government agencies. He also led development of the cryptocurrency Cardano in

Mercedes rolls out luxury electric car in duel with Tesla

Royal is a marketplace for music NFTs where fans can take ownership stakes in their favorite songs. Justin Blau was hanging out with the Winklevoss twins in Mexico in , as one does when one is a world-famous DJ and producer who turned down a career on Wall Street to pursue music. That's when he got hooked on bitcoin. Blau, also known by his stage name "3LAU," was intrigued by the promise of blockchain technology. Tyler and Cameron Winklevoss had grown famous as pioneers in crypto investing, having parlayed some of the settlement they won after suing Mark Zuckerberg over the creation of Facebook into an early bet on bitcoin.

G'day caller: Aussie firms offshore jobs to 'little brother' NZ

Now we know where the Yellow Brick Road to The Oz of Bitcoin ends: In a Los Angeles suburb of 36, called Temple City, home to one Satoshi Nakamoto, the heretofore-hidden creator of Bitcoin, the global "currency" that was supposed to supplement or even replace money as we know it. And he is not the rebel, something Rager Against the Machine the most ardent Bitcoin fanboys have portrayed -- or rather fantasized, since it turns out most have never even met him. Behold, the man behind the curtain. No longer even bothering to spin the wheel. Most frauds, most scams , most hustles, whatever Bitcoin is, begin with a suspension of disbelief, but mostly Bitcoin began with a suspension of belief. After TARP?

Incredible photos show near-misses and lucky escapes that could have been SO much worse

While Tesla has experienced a growth of Let's look at 8 of them. The company was founded in by former Alibaba executive Xiaopeng He and auto-industry veteran Heng Xia. The company is still relatively young on the stock exchange, listed only about a year ago. CNBC says that the higher spending will include plans to accelerate the production of its battery and fuel cell technologies.

Better Buy: Bitcoin vs. Riot Blockchain

The debate over how to measure bank capital is boiling over after the Basel Committee on Banking Supervision admitted a key measure of capital strength is getting torqued. Analysis: As revelations about Libor piled up, national regulators in several countries including Norway, Sweden and Singapore announced reforms to their benchmark lending rates. Canada may join the list.

Economic/industry news

RELATED VIDEO: Billionaire Winklevoss Twins Talk The End Of Facebook, Bitcoin, And NFTs - Forbes

Adding protections here and there will inevitably lead to a system that is similar to current financial system with all the bells and whistles. Market goes down, crypto seems to go down with it. It's not supposed to be doing this. I think this is happening because it's become so easy to purchase that people now just have it in their "portfolio", basket of everything, and when they want to sell, they just sell everything, stocks and crypto. They are the same thing to a lot of people. This means it is getting tied into the existing financial system anyway, even without specific "controls" like central banking.

Looking for the next Dogecoin or Shiba Inu in 2022? Here’s what to keep in mind

Have you read these stories? Budget may aim to achieve fiscal consolidation Updated: Jan 29, , In view of upcoming state elections, the Union Budget for the financial year will aim at boosting growth, achieving fiscal con Budget ET NOW. In broader markets, you can get phenomenal returns with a year perspective: Sunil Subramaniam Have a balanced portfolio of large, mid and small caps in this period and you will make healthy returns from a three to five year perspective.

Bitcoin Grows Up

He writes the Bitcoin Forecast which is the most popular paid newsletter in the crypto industry. Bitcoin exists on the public blockchain, so every transaction is visible and from that ledger an on-chain analyst can make informed predictions related to the cryptocurrency. These new investors are coming in and locking up coins [long-term].