HN user
HN is very, very bitter about being there at the beginning of an interesting, fun, and promising technology that could have easily enriched them. Bitcoin and crypto is very on topic, but pricing not so much.
My understanding: As rstuart4133 mentioned, the rules were changed to 1) allow a partial IPO, 2) forego proving several positive quarters beforehand, 3) allow weird as hell lockout rules such as pre-IPOers to exit after 1 day.
Maybe it's all innocent, or it's an intentional transfer of wealth.
I think they're selling because they're raising money for dividends and such. The word "quantum" isn't even mentioned in the article, nor has anything to do with MSTR selling btc.
There is no singular mind to bitcoin. Watch CNBC for 1 week and you will see stonks trade a 40x their worth and rise and fall for no reason anyone knows. It's not that much different than assets that are traded on speculation far more than any factual tangible worth.
Being "a" player in a multi-billion $ industry is also pretty good. For example, Bing gets some small % of the search engine market, but that's still a ton of market and $. And Foursquare/Swarm is used by like 0.01% of the population, but they can still map the exact floor plan of Macy's and that Chipotle will lose 30% of their share value from people shiitting blood (both were extremely accurate).
And then Bing gets a pretty big upgrade: ChatGPT. And here we are.
The BTC was worth some 500 large quid when it got tossed. Claude will tell him to be more careful of all of his belongings. I personally have every hard drive I've ever owned, but this guy insisted on throwing that one in the "tip".
Ver cool! Except FYI that it started crashing my browser before I had to run away.
My specs:
- Brave browser
- Tons of tabs open
- Macbook Pro Intel chip
Currency is the most useful when it changes hands constantly. I have mattresses. You have cookies. He has milk. I buy cookies and milk. You buy milk and mattresses. He buys mattresses and cookies. That's better than all of us in a standoff because we don't want to use our currency. Horrible analogy.
The article states it's just a fork, AKA a separate coin that copy/pastes the current Bitcoin ledger. Even if every dev wants this, that is a "hard fork" (not backwards compatible), and creates a new version of the coin. Ex: if you want to add a smiley face to some Bitcoin log output, you 1) make the change, and 2) nothing happens until 3) miners agree to use that new version.
Look into "Bitcoin Cash", a near identical coin except it has a larger block size. Completely different token and therefore has 0 effect on Bitcoin.
Headline should read: "Person wants to create a Bitcoin fork, like has been done many times, and does nothing to the original Bitcoin ledger"
And his company's tagline is "Make every transaction a Bitcoin txn." Make it a what?
Heck no. There was this app "Bump" that exchanged info between 2 bumping phones. Google bought it and immediately buried it forever. There's ZERO reason exchanging info is still a chore. There are currently bumping features baked in to the OSs, so there is value.
Very cool! If not for the $, for the fun. And you met your on OkCupid, so you can be the cupid this time.
- Make a blog about this on the domain. I'll follow!
- What do the logs say re: traffic? I see lots of links to the domain from articles about social media c. 2012
- What's your tech stack??
Value is in the eye of the beholder, as you clearly understand. The commenter is not familiar with how trade works. Personally, for such I transaction I will need to audit to ensure the projected value is accurate.
Also, do you have a sample of said squirrel drawing? I have a squirrel book that might pair nice with it.
There was stated value on both ends of the potential transaction.
And this is Hacker News, not 4chan or Twitter. Comments are for insight, discussion, etc. But maybe you're just young or not very bright.
The link could use a blog article with a tagline and a TLDR and use cases. It _sounds_ like a great idea nonetheless.
The feature of a deflationary currency is much better than constant money printing. But, as I have learned through light studying of currencies, a huge negative aspect is its encouragement to horde.
I spend my BTC occasionally on my degenerate sports gambling, and then I return some of the winnings back into BTC. I also rarely spend my stonks.
Can I get a TLDR?
Someone tell Pearl Jam's Eddy Vedder his work to fight Ticketmaster some 30 years ago finally came to a head today.
Ticketmaster sells about 10 times as many tickets as its closest rival, AEG.
Yeah, that's called a monopoly, even if it wasn't Ticketmaster's intention, which of course it was.
I find the best use of chatbots re: software engineering is more of an office hours with the professor than it is a fellow colleague; Use it for specifics. Throwing things over the fence to it often causes a reach into the bag of garbage spaghetti code that is half the internet content.
Haha. My favorite shillings will always be NFTs and the "let's do email job pointless meetings in Second Life and call it Metaverse". Although the former is/was pure shilling, and the latter is/was a horrible pipe dream shilled as useful.
A Machine Learning + Large Language model is one popular technology. Decentralized blockchain tokens is another popular technology. Besides hype, there's not much in common with those technologies.
His abrupt silence mid-conversation with a handful of people via email and on the main Bitcoin forum also leads me to believe he's no longer with us. Code is often written like speech where one can decipher different voices in its writing, and I have heard some suggest the beginning code did look like more than one person's writing. There's likely a few people who know/knew him personally and know what happened, but I'm fine with the desired anonymity to continue.
"It enables micropayments directly in the HTTP layer"
VERY cool! This is the perfect use of micropayments that far exceeds that of traditional fiat and credit vehicles.
Credit cards aren't big on tiny transactions, but I'm sure any payment method could work.
Bitcoin bro here. Very cool! I'm working on something pushing the bare minimum too. Even minimaler if you could smash all the Javascript into the `onkeydown` and other "content attributes"[0] so there's not even a `<script>` tag!
[0] https://html.spec.whatwg.org/multipage/webappapis.html#event...
Maybe, but the AI we see in the mainstream today -- generative image/video/text creations and Large Language Model chatbots -- were done via non-governmental public and private companies. And a lot of the work hitting the scene loudly and somewhat prematurely. My understanding is the amount of and type of compute needed for Quantum is pretty intense, so there'd be a huge footprint from its manufacturing to keep it hidden.
Just like any stonk that's increased in value, woulda coulda shoulda. Keep an eye out for things that you care about and things you think other people will care about, and invest in those.
I did find my passport at that same time and threw a lot more USD at it. It's nice.
Regular stonks are incredibly flawed, or whatever you want to call it, and the general public gambles on them as "the next big thing". None of that is unique to BTC, albeit more extreme with BTC. One should look at a potential investment as both its real world usage _and_ increased speculation.