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Insana: The pied pipers of cryptocurrency are leading investors to their doom
In other news, U.S. Feds eye crypto-currency; think it might be used to "evade taxes" (!) and are implementing counter-measures (firms required to report ANY financial transaction over $10,000).
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
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That's just too good, a CNBC shill calling out cryptocurrency shills! 
US banks already have to report transactions over $10,000, so having crypto exchanges do it is just more of the same. I'm surprised it wasn't the case already. They're already subject to the same KYC (Know Your Customer) rules if they allow cryptos to be converted to paper.
modified 21-May-21 8:16am.
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What I find amusing, after the various defenses of bitcoin, that it last nearly 1/3 of its value in a couple of weeks.
Does anyone else hear a loud flushing sound?
| Ravings en masse^ |
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| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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The volatility indicates that it's not ready for prime time. But it's had big corrections before[^], only to go on to new highs. (You have to click on the double right arrow at the bottom of that to see the latest one.)
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It's currently no more than an (energy intensive) crap-shoot. Volatility like that, almost certainly due to a single person's willingness to accept or not accept it as currency (for a Tesla)?
It's nothing like a currency. A limited commodity for barter of real utility primarily for those who wish to keep their (illegal) transactions hidden. They'll take the risk to keep out of jail.
Ooops! Excuse me. It's just dropped another 9.3 % from it's already depressed value.
| Ravings en masse^ |
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| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
modified 21-May-21 11:22am.
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I don't actually know a lot about cryptocurrency...yet, but a friend who claims he does, was telling me that Bitcoin is un-sustainable, especially for the future, due to the need for mining and the energy that requires.
Other forms of crypto that don't require mining have a better future sustainability, especially if it is adopted by a larger world population.
I am not sure if this is a correct assessment or not, but that is what I was told.
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There can only be 21M bitcoins, and over 18.5M have already been mined. The transaction cost (updating its blockchain) is more of an issue, but not so much if it's used as a store of value instead of for regular trade, in the same way that you could compare gold (store of value) to paper (for regular trade).
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The only thing that "sustains" them is a type of group madness; the shared believe (hope) in a particular "big win (lie)". In the old days, one hung out at the track.
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
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In the mid 1970s we were working on a message switching system for QANTAS.
Someone sat down and did the calculation. The threshold for 'put it on 1/2" mag tape and call a courier' to get data from Sydney to Melbourne (500-odd miles) was a shade over 2 megabytes.
QANTAS were paying $250k a year for a leased line Sydney to San Francisco. 9600bps.
Recalling that makes me feel really old.
Software rusts. Simon Stephenson, ca 1994. So does this signature. me, 2012
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In the late '70s I worked for the Rail Technical Centre in Derby. HQ (London) used to send mag.tapes up by train. All was well until they started doing some experiments with 25Kv overhead electrification (not actually powering much, just different designs of catenary wiring). Then the tapes were arriving empty, or at best unreadable. Took about two weeks for them to suss out the problem. That was one test of the overhead wires they'd not planned!
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Message Closed
modified 15-May-23 19:07pm.
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It's all in how you bang the rocks together, guys.
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Member 14968771 wrote: My goal is to became human Enigma machine
That strikes me as an unrealistic goal.
A better goal would be to learn the basics first.
The difficult we do right away...
...the impossible takes slightly longer.
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Member 14968771 wrote: Less than 200 pages...
Is that a joke..?
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I think he meant to say; less than 2000 pages 🤣
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Andrew S. Tanenbaum -- copmuter networjks vs youtube - network chuck
Caveat Emptor.
"Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long
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Member 14968771 wrote: Less than 200 pages...
At a mere 200 pages, there's no way a book on this huge topic will do any serious amount of diving into it. Why the page limit?
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Sorry, but you won't be able to find such a magic book.
In networking, and specially with network security, it is all hands-on learning, it will take years of experience, with success and lots of failures to learn what you are doing. Should be doing. Or not.
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I got simple network code running fairly quickly using the microsoft website documentation for the language I was using. C# at that time. That was even easier than reading a book about it.
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