Blockchain Technology Does Not Equal Decentralization
Bitcoin Developer Jimmy Song is back and this week we discuss the current updates underway for Bitcoin. More importantly we dive into the blockchain technology and discuss the potential real life usages for the technology. The concept of the blockchain and thus decentralization is not accurate in his opinion.
There are many points to consider when discussing blockchain usages and decentralization so we will continue this in future interviews. Please email me with your questions and feel free to share your opinions below.
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Is 1320 a rally?
Talking more about the miners this month—especially SIL.
Tom Lee presentation “The Economics of Cryptocurrencies. A thoughtful presentation
with stats that are mind blowing. I have watched this three times and will watch it again .Upfront summit arounf feb 2018
https://www.youtube.com/watch?v=GGberGnxiJk&t=374s
The fact of the matter is Cory you really understand less than you think.
Your guest says “the only reason you would use it is decentralization.”
Jimmy totally missed the immutability of the Bitcoin Blockchain.
I will add that the Bitcoin Blockchain has never been hacked.
Visualizing the growth of the ICO explosion. This is dated back to November 2017
http://www.visualcapitalist.com/video-ico-explosion-one-animated-timeline/
In the recent multi-month downtrend in fin-tech, blockchain, cryptos I’ve been adding to my positions in a few companies like:
> Hive Blockchain and Hashchain Technology that are miners
> Rockshield Capital a seed company for blockchain and cannabis startups
> and recently Jackpot Digital now that they just did a reverse split (they are a blockchain gaming/gambling company that have applied to do some crypto mining as well). I had a small position before that tanked, but I just filled up the tank as they had several oversees casinos taking up their technology, and if/when they start mining there should be a big spike up in their shares.
I also dabbled a bit with St Georges Eco Mining that has a strategic crypto investement as well getting ready for news to break.
I may pick up a few more as speculative trading vehicles but that is all they are to me – speculative punts.
Although, I could see the larger miners starting to make revenues over time (like the royalty model), and envision the seed companies having a few success stories out of the whole basket of companies they launch (like Pinetree when it actually did a good job).
Milton Friedman Nobel winning economist 1976 predicts internet money in 1999.
https://www.youtube.com/watch?v=6MnQJFEVY7s
As of this very minute there are 1815 different bitcons. Five of them may survive.
Actually Mr. Moriarty, there are 1815 Crypto Currencies.
There is one Bitcoin.
We’ve come a long way from Tulip Bulbs and Beanie Babies.
Like Bob says……..”nobody knows anything”….. LOL…… 🙂
(do get ticked Bob, we still think you are great)
forgot the do NOT get ticked…..
I’ll sell you a crypto for a song…a Jimmy Song…and that’s no swan song.
JohnK:
Given this out today, tell me again why any of the bitcons will survive.
Corporatist retail giant Amazon.com has received approval from the United States Patent and Trademark Office for a technology allowing police to track Bitcoin transactions.
As reported by CNBC , the patent–filed by Amazon Technologies–will “correlate different data streams and sell the combined feed as a subscription to people who want to track that data.”
Bitcoin transactions are specifically used as examples twice in the filing. In the first instance, the patent mentions “a data stream that publishes or includes global bitcoin transactions (or any cryptocurrency transaction)” for use by electronic or internet retailers.
Even more concerning still is the second example which explains how the tech can be used specifically by cops to keep tabs on users and track purchases made with crypto:
“For example, a law enforcement agency may be a customer and may desire to receive global bitcoin transactions, correlated by country, with ISP data to determine source IP addresses and shipping addresses that correlate to bitcoin addresses. The agency may not want additional available enhancements such as local bank data records. The streaming data marketplace may price this desired data out per GB (gigabyte), for example, and the agency can start running analytics on the desired data using the analysis module.”
I believe we haven’t even yet seen the Crypto Currency that will be the coin of the future.
The thing to focus on is not the coin itself but the platform that runs it.
Crypto today are the Model T’s of yesterday.
Mr Moriarty you are still the best.
https://www.youtube.com/watch?v=_txdqnVP3-c
That’s not Bob. That’s a thrill seeking punk who put a lot of people at risk, including himself. Bob would never do something like that.
Yes, Bob did fly under the Eiffel Tower but it was in the course of his military duty in his P-38 shooting at Nazis.
Bill:
With your understanding of people and the markets, you are really wasted on a board such as this. You need to consider an upgrade to something more suitable for your intelligence such as Twitter.
You surely could give Trump a run for his money.
JohnK:
You just really hurt my feelings. I was on a site tour to Cyprus to see a copper project. The geo who showed me the property was this 29 year old drop dead beautiful young woman. She was really eager to see the video since someone had told here about it. With wide eyes she watched and then said, “Wow, you were really cute.”
And you just reminded me.
Sounds like a gold digger……. 🙂
The key word there is “were”…sorry to burst your bubble….but hey, it happens to all of us sooner or later… 🙁
Not really. She was more of a copper digger.
Oh, a penny pincher……… 🙂
No, that would be a zinc digger.
hoping she does not suffer from a zinc deficiency…… 🙂
Ha – this was a funny thread from gold digger, to copper digger, to penny pinching zinc digger.
It’s nice to smile at the end of a crazy day…
Think they misspelled cusser and feral and of course, gooberment….
“Are You a Satisfied “Customer” of the Federal Government?”
http://www.thedailybell.com/news-analysis/are-you-a-satisfied-customer-of-the-federal-government/
Customers…yeah, right…that would be funny if it wasn’t so painful and this sums it up…
Calling citizens customers is like calling slaves employees. “Customer” implies that you could take your business elsewhere.
And the ability to go somewhere else when you are dissatisfied with a service is the only way to ensure a good customer experience.
The Federal Agency Customer Experience Act is a bill in Congress that would instruct federal agencies to give their “customers” the opportunity to provide feedback.
This is one of those rare times when the government–or at least a couple members of Congress–admit how terrible the system is.
I’d commit more because I got to get back to work so I can pay for all that customer service…yeah…you get serviced good and hard.
To quote what Roger Milliken said: “All I hear is what I can’t do.” These are the people Roger Milliken would never hire.
Gee! The MRI records are too big! No, wait, the MP3 records are too big fo the internet. No! Wait: the video MP4 files are too big!
If all you look at is this slice in time….then you are worthless.
If the miners make a moonshot in the next few months, I won’t complain, but man this has been some incredibly tricky action. Would not want to be trying to swing trade this stuff. Not only is there a decent gap on the SIL chart today, but it is of the absolute ugliest variety (yesterday was a black candle). So while we could certainly get follow through to the upside, I have my doubts about the sustainability of this gap in the next few weeks. Again, I am not going to throw this rally out of bed (not until she makes me a sandwich), but it’s definitely not the prettiest rally.