administrative errors said:

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https://cointelegraph.com/news/finance-redefined-aws-turns-crypto-exchanges-offline-and-sushi-cto-resigns-dec-3-10/amp

Another reason why trust in any blockchain using AWS is suspect and foolhardy [ie ethereum].

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Why? Much of the use of AWS is likely supporting user-facing attributes, not mining or consensus. All of that user facing stuff could move to another server instantly and have no problem. If all of AWS went down the ETH network would still be safe.

Maybe centralization is the problem and the point.

I guess I need to get back into watching this thread.

I'm onboard with proof of work and Bitcoin. But I see the other coins as assets as well. Just a different class of asset. Much like gold versus investing in a startup. But really they will all be just a way to get more Bitcoin.

Yeah I know YOU know, post was for everyone else.

I try not to post too many times In a row on threads so sometimes I just add more to a precious post/response instead of "bumping" new news up every time I find something I read.

Like this:

INDIA ACCEPTS BITCOIN as legal tender. Claims India PM Modi's Twitter account!

Quote:

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The account of PM Modi, who has more than 73.4 million followers, has now been restored.

Before the account was restored, a tweet was shared with a URL on PM Modi's timeline which read, "India has officially adopted bitcoin as legal tender. The government has officially bought 500 BTC and is distributing them to all residents of the country."

Minutes later, another tweet was posted, saying, "Yes this account is hacked by John Wick (hckindia@tutanota.com), We have not hacked Paytm Mall."

"We have 24X7 open lines of communication with the PM's Office and our teams took necessary steps to secure the compromised account as soon as we became aware of this activity. Our investigation has revealed that there are no signs of any other impacted accounts at this time," a Twitter spokesperson told IANS.

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Odds the hack will increase the speed of adoption in India or decrease it?

MR Gadsden said:

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I'm onboard with proof of work and Bitcoin. But I see the other coins as assets as well. Just a different class of asset. Much like gold versus investing in a startup. But really they will all be just a way to get more Bitcoin.

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I listened to that podcast this week too! Don't disagree.

Honestly can't remember is it was Sahil Bloom on WSB or JC Parets on Alphatrader.

They phrased their stance on alts almost verbatim to what you typed.

Here are both if interested.

https://open.spotify.com/episode/1keISS3JJOqPvmm3i5hN5k?si=9N_E1VsDQlC8kXgdBYWWOQ

https://open.spotify.com/episode/271FBaMIgGp6LsmNFmnZGo?si=EsVLfOMvTmWWRrgxEmV_yg

The proof is in the pudding. Let's see the final results!

NTXAg10 said:

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The proof is in the pudding. Let's see the final results!

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Yep, I expect initial growing pains but not the flaws seen with other ecosystems. We shall see.

Why Cardano and not Avalanche?

Founder of Avalanche is a prof at Cornell who researches blockchain. Per my understanding Avalanche eschews peer review in order to move fast.

I think the parallels/differences between ADA/AVX founders and approaches is interesting.

capital markets said:

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Why Cardano and not Avalanche?

Founder of Avalanche is a prof at Cornell who researches blockchain. Per my understanding Avalanche eschews peer review in order to move fast.

I think the parallels/differences between ADA/AVX founders and approaches is interesting.

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My one caveat for Avalanche is it has not been through a bear market. If it isn't prepared it will collapse. Cardano ( Charles) planned for stagnation and cycles. Enough money was put aside for developers and improvement during bear markets to ensure it doesn't miss a beat.

Otherwise, I prefer Cardano due to its academic rigor and perr reviewed technology approach. Methodical versus speed.
The engineering and architecture are what I believe will make it a winning ecosystem.

You should be more concerned about ADA having been around long enough to be in a bear market and still haven't bulit a fully operating chain. While new chains like SOL/Avax have surpassed ADA.

Done7 said:

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You should be more concerned about ADA having been around long enough to be in a bear market and still haven't bulit a fully operating chain. While new chains like SOL/Avax have surpassed ADA.

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I absolutely should not. What you deem a concern I believe to be a strength. Sol sucks, period. Avalanche might be rushing as ETH did, time will tell.

I think you are way too attached to ADA. Its not your kid. Never get to attached to any investment. I will drop SOL or ETH when if I see something better than them. Until them I have no reason to invest in any other sub par smart contract platform.

Incorrect. I am not attached to any crypto. I believe in some more than others. I sold my ETH, LINK, and DOT at ATH and put into others. I make money moves when the time is right and hodl at others.


You my friend should reevaluate your criteria for what is or will be a viable and sustainable ecosystem. Speed and flash are good out of the gate, if you bet the quarter mile, otherwise slow and steady wins the actual utility and use race .

Interesting discussion. My point with the AVX/ADA comparison was mainly that I think AVX could be argued to have academic rigor given is creator is a tenured academic who has spent a career researching blockchain.

Nothing against ADA. It clearly has many backers and a large market cap, and I have no idea which L1 will come out on top. My guess is that many will succeed with different use cases. For example at the moment I'd prefer to do $$ transfers on BTC, large defi transactions on ETH, and gaming/NFT on SOL/AVX.

Slow steady never winning in tech.

This market blows

Did I post this yet?



Mutually assured preservation, meaning of force meaning of value, offense and defense definitions versus realities. Very thought provoking.

Enjoy

https://www.coindesk.com/business/2021/12/09/wallet-maker-ledger-launches-crypto-linked-debit-card-for-us-and-eu-customers/

I don't think I'll be a customer on this model but worth posting nevertheless. They essentially give you a line of credit in fiat and use the assets on your hardware wallet as collateral.

Luckily you aren't in ADA so you can sit on the sidelines and not worry about it. Keep a close eye on your Sol.

I exited between $2.40 to $2.80 and bought Matic, SOL, BTC, ETH. Just way to many promises but no results. I may get in once its goes below $1 as a fun gamble.

Of course if Charles actually delivers and if i see ADA becomes a wonderful smart contract platform, i will move my $$$ TO ADA.

capital markets said:

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Interesting discussion. My point with the AVX/ADA comparison was mainly that I think AVX could be argued to have academic rigor given is creator is a tenured academic who has spent a career researching blockchain.

Nothing against ADA. It clearly has many backers and a large market cap, and I have no idea which L1 will come out on top. My guess is that many will succeed with different use cases. For example at the moment I'd prefer to do $$ transfers on BTC, large defi transactions on ETH, and gaming/NFT on SOL/AVX.

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Agreed mostly. Cardano was reviewed by many people across the world from different disciplines. Rhat is qhat gives it an advantage in my opinion. The more eyes the better, the more well trained eyes better yet, and more trained eyes from varying backgrounds and experiences is best. That type of academic rigor and peer reviewed research goes a long way towards getting it right. It won't be perfect but it should be the best option for those wanting security, speed, low fees, and interoperability.

Done7 said:

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I exited between $2.40 to $2.80 and bought Matic, SOL, BTC, ETH. Just way to many promises but no results. I may get in once its goes below $1 as a fun gamble.

Of course if Charles actually delivers and if i see ADA becomes a wonderful smart contract platform, i will move my $$$ TO ADA.

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Good approach. I won't argue with any of this post.

I took a similar approach but with BTC, ADA, and ONE.
I have a big bag of Shib because I got in early and did a lot of DD and knew if they could do what they intended it would go up.

Bitcoin is perfect money. Next it will be ubiquitous, transcendent, omnipotus, omnipresent, and omnibenevolent.

I'm 'audible'ing' Sapiens and this quote was literally playing right when I read your post.

Quote:

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"Survival in (the forager) era required superb mental abilities from everyone. When agriculture and industry came along people could increasingly rely on the skills of others for survival, and new 'niches for imbeciles' were opened up. You could survive and pass your unremarkable genes to the next generation by working as a water carrier or an assembly-line worker."

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It must have been kismet.


Edit: not making it up, hilarious timing I had to rewind it 10 times to write it out properly.

Your usual ad hominem. Its tired and transparent.

You'll be posting in parables before long.

NTXAg10 said:

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When was the last time we had a true BTC detractor troll on this thread? This could be fun.

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If history is any indication, they won't bring fresh perspective or evidence that they've spent any meaningful amount of time researching/thinking about Bitcoin.

There's a subset of people who will defend their preconceived notions to the grave and the anti-Bitcoin religious tend to be part of that group.

They think they're bringing strong counter arguments to the table when really they're just regurgitating the same dumb FUD... ie 1) tullips/manias/etc, 2) Michael Burry vague tweets about debt, 3) too volatile, 4) governments will never allow it, etc... as if we all haven't heard those arguments/points 1000 times.