Message from @GDoctor

Discord ID: 400840594538364928


2018-01-11 01:30:52 UTC  

well, naturally

2018-01-11 02:11:44 UTC  

>all crypto will be government controlled
cant control all the nodes and cant break the code to take it away fast enough even with quantum processing speed. only thing to control is exchanges and even then the blockchain ISP will make that irrelevent. privacy coins will obfuscate it even more with ring signature.

that CEO doesnt know jack about the tech he is talking about.

2018-01-11 02:12:47 UTC  

the only way they can stop it now is by shutting down the grid which they wont do.

2018-01-11 02:12:59 UTC  

Who mines Monero here?

2018-01-11 02:13:02 UTC  

i do

2018-01-11 02:13:09 UTC  

just upgraded my setup too

2018-01-11 02:13:26 UTC  

thinking of moving some profits into mining

2018-01-11 02:15:14 UTC  

Don't have enough money to buy a dedicated mining rig, I've seen some people rig up USB coprocessors. Any info on that?

2018-01-11 02:16:33 UTC  

let me give you the skinny on mining. assuming the coin price stays stagnant you will make your investment back in about 1 year 3 months. however the coins always go up more than what they were a year ago, if you want to start mining a different coin because it has become more profitable it works just as well, the parts you buy will have a minimum age range of 5 years (really about 7-8).

2018-01-11 02:17:00 UTC  

have you heard of BURST?

2018-01-11 02:17:28 UTC  

nope

2018-01-11 02:18:05 UTC  

on the USB coprocessors, i dont think they are really that viable imo.

2018-01-11 02:18:19 UTC  

better to save up the 3k for a decent rig to put together

2018-01-11 02:19:28 UTC  

im going to read up on burst. looks like an interesting concept.

2018-01-11 02:22:37 UTC  

if it doesnt constantly overwrite bits on free space then it could be really good.

2018-01-11 02:26:22 UTC  

I need to learn more about all the tech, just starting a data structures course which I'll follow with a cryptography and then cryptocurrency course

2018-01-11 02:27:27 UTC  

hasn't stopped me from speculating though, why do you say "if it doesnt constantly overwrite bits on free space then it could be really good." if you don't mind briefly explaining?

2018-01-11 02:32:25 UTC  

I'm currently using a laptop and cooling pad to mine Monero but I think I'll get to work on building a dedicated mining rig over the spring and summer.

2018-01-11 02:37:24 UTC  

Of course it helps that I'm taking computer architecture this spring.

2018-01-11 02:38:44 UTC  

nice

2018-01-11 02:41:10 UTC  

any particular reason why Monero for mining? Besides it being a good coin?

2018-01-11 02:45:29 UTC  

I think that if any other coin has a chance of increasing in value like Bitcoin, it's Monero as it offers something more of value than just "being like Bitcoin".

2018-01-11 02:47:47 UTC  

Namely it offers more privacy

2018-01-11 02:49:13 UTC  

it's a solid one for sure

2018-01-11 03:15:23 UTC  

BTW total newb question but, how do you buy crypto currency with us dollars?

2018-01-11 03:16:17 UTC  

https://www.coinbase.com/ and I'm hearing more about https://gemini.com/ might be cheaper than coinbase

2018-01-11 03:16:57 UTC  

Interesting, Gemini is what the bitcoin futures contracts are based off of, and a lot of brokers use Gemini as a reference point for the "official' price of bitcoin.

2018-01-11 03:17:49 UTC  

I take it you can also sell crypto currency there as well right?

2018-01-11 03:19:07 UTC  

I know nothing of Gemini tbh, checking it out

2018-01-11 03:20:17 UTC  

Yes, coinbase also owns the site GDAX.com which is an exchange with charts and more intracate ways to buy/sell

2018-01-11 03:21:01 UTC  

for altcoins there are a variety of popular exchanges, some I can think of are www.bittrex.com www.binance.com www.gate.io www.huobi.pro www.poloniex.com www.bitfinex.com

2018-01-11 03:22:52 UTC  

Thanks

2018-01-11 03:23:11 UTC  
2018-01-11 03:23:25 UTC  

I end up using a bunch because some have the coin I want but not another etc etc

2018-01-11 11:13:39 UTC  

How much are you averaging or most spent on transaction fees when sending bitcoin to another address??

2018-01-11 12:00:44 UTC  

I will bite. Sent $5.00 to IE just testing out this as new. And came to $19 something! 😱

2018-01-11 12:01:28 UTC  

So $14 mining fee!?

2018-01-11 13:31:17 UTC  

So BTC is down. Is the whole market down?

2018-01-11 15:34:03 UTC  

Comment from HN https://news.ycombinator.com/item?id=16121434

"Yes, there was extremely wide discussion in 1999 and 2000 about the dotcom party being typically somewhere between fraudulent and a giant bubble. The Buffett side of traditionalists won that argument, by a landslide. In the end, profits mattered, sales mattered, and something a lot closer to a traditional valuations model won out.
There was common discussion about junk dotcoms like TheGlobe.com, DrKoop.com, Geocities and dozens of others, and how they had no actual sustainable business (and often no plan for when they'd develop one). Scient, Viant, Razorfish, MarchFirst, and dozens of dotcom service companies were granted crazy valuations versus existing traditional peers (which is history rhyming re Ripple vs PayPal/Stripe/Square/Ant/etc).

The high burn rates, the lack of business models to actually make money, some that went public with practically no plans for how they'd make money at all, extremely high valuations on the few that were making money, and so on. These things were all very widely discussed, many skeptics were shouting about it, it wasn't popular to give them TV talking time (channels/sites like CNBC et al have a vested interest in pushing exuberence)."