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    Originally posted by Strewelpeter View Post
    Also LOL @ Emmett knowing very little about finance.
    Banking is a very specific subfield of finance. Knowing finance in general really doesn't mean you necessarily know banking. I did a full masters specifically on banking and still know very little about its complexity.

    But this is a bigger point. The idea that countries will be able to control money supply is laughable. Even to change interest rates the best a country can do is suggest new rates rather than force them. Once money is digital no-one cares where its from. Its loads of time away before we see real changes, but its al bubbling and will wipe the establishment away in due course. Traditional finance is largely a sponge of privilege extracting value for doing mechanical jobs. We need to ditch that and start with a fairer model. We're already dealing with algorithms in our banking (lending decisions, rates etc), its just about implementing fairer lending decisions.

    "We're not f*cking Burundi" - Big Phil

    Comment


      Originally posted by Hectorjelly View Post

      I'm always amazed at how people here have such strong opinions on subjects they know very little about - in fact they can't even describe what they are complaining about.

      Both centralised finance and de-centralised finance are exact terms that mean something. I'll quote from research the St Louis Fed published recently:

      "The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way. This article highlights opportunities and potential risks of the DeFi ecosystem. I propose a multi-layered framework to analyze the implicit architecture and the various DeFi building blocks, including token standards, decentralized exchanges, decentralized debt markets, blockchain derivatives, and on-chain asset management protocols. I conclude that DeFi still is a niche market with certain risks but that it also has interesting properties in terms of efficiency, transparency, accessibility, and composability. As such, DeFi may potentially contribute to a more robust and transparent financial infrastructure.The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way. This article highlights opportunities and potential risks of the DeFi ecosystem. I propose a multi-layered framework to analyze the implicit architecture and the various DeFi building blocks, including token standards, decentralized exchanges, decentralized debt markets, blockchain derivatives, and on-chain asset management protocols. I conclude that DeFi still is a niche market with certain risks but that it also has interesting properties in terms of efficiency, transparency, accessibility, and composability. As such, DeFi may potentially contribute to a more robust and transparent financial infrastructure."

      The entire article is here, and worth reading https://research.stlouisfed.org/publ...2-e2bf29ec662c

      It goes into a lot of detail, so just skip to the end if you want an overview.
      Centralised finance means what? There isn't a single definition of it in your quote dump, nor your link.

      What you posted agrees fully with my previous post, doesn't contradict in any way whatsoever, yet is written as as if you've pointed out something so trivial that I should be ashamed of my knowledge. Doesn't tally whatsoever though.
      Last edited by Emmet; 13-05-21, 22:47.

      Comment


        Originally posted by Hitchhiker's Guide To... View Post

        Banking is a very specific subfield of finance. Knowing finance in general really doesn't mean you necessarily know banking. I did a full masters specifically on banking and still know very little about its complexity.

        But this is a bigger point. The idea that countries will be able to control money supply is laughable. Even to change interest rates the best a country can do is suggest new rates rather than force them. Once money is digital no-one cares where its from. Its loads of time away before we see real changes, but its al bubbling and will wipe the establishment away in due course. Traditional finance is largely a sponge of privilege extracting value for doing mechanical jobs. We need to ditch that and start with a fairer model. We're already dealing with algorithms in our banking (lending decisions, rates etc), its just about implementing fairer lending decisions.
        Money has been digital since before I was born.

        Comment


          Originally posted by Emmet View Post

          Money has been digital since before I was born.
          Analogue conversions to digital are not digital. there is no digital system that even knows FIAT circulation to any exact degree. digital money will change so much. but is against government and federation (Ireland and Euro, US and Dollar) etc objectives of control. But the incentive change is important because it's puts accessibility and equity in non-privileged hands. Long road but it has started.

          Comment


            Originally posted by paul8200 View Post

            Analogue conversions to digital are not digital. there is no digital system that even knows FIAT circulation to any exact degree. digital money will change so much. but is against government and federation (Ireland and Euro, US and Dollar) etc objectives of control. But the incentive change is important because it's puts accessibility and equity in non-privileged hands. Long road but it has started.
            This sounds cool but is 100% wrong.

            Comment


              Originally posted by Emmet View Post

              This sounds cool but is 100% wrong.
              that's not much of a debate response? give me something to debate with - i'd happily defend

              Comment


                I'll give you an example. we rented VHS. it was great when they went to DVD. better fidelity, and you've weren't charged 50cent if you didn't rewind when returning. Then Netlix killed blockbuster by renting by post. some super interesting stories about that. Anyway what we all wish we realized then was how good netflix would be at a true digital version. For me I couldn't see past the bandwidth mess in 2010. look where we are now. Cinemas are edge

                Comment


                  Originally posted by Emmet View Post

                  Centralised finance means what? There isn't a single definition of it in your quote dump, nor your link.

                  What you posted agrees fully with my previous post, doesn't contradict in any way whatsoever, yet is written as as if you've pointed out something so trivial that I should be ashamed of my knowledge. Doesn't tally whatsoever though.
                  The "quote dump" was a couple of lines explaining succinctly what decentralised finance is, and the link explains the value and potential in such a system. But I suppose you believe you know better than the authors of the research, despite never using DEFI or understanding how it works. Have you forgotten the bean comment?

                  Centralised finance is anything that isn't decentralised. It's an easy way to distinguish between the two systems. People who work in fintech distinguish what they do from the rest of finance with the term traditional finance. In that context, traditional finance covers anything a bank does, even if it isn't particularly traditional. De/Centralised finance follows the same structure. Terms like this are shorthand allowing conversations to flow without having to explain everything from first principles.

                  We had the same problem when you referred to the Euro as a digital currency. In some respects it is digital, but it is not what is commonly referred to as a digital currency. Here is a link which highlights what I mean: https://n26.com/en-it/blog/digital-e...yment%20method

                  I look forward to you thanking me for the quote dump.

                  Comment


                    Originally posted by Strewelpeter View Post

                    Good LOL at the idea of locking the concept of decentralised finance to Etherium...

                    "When I use a word," Humpty Dumpty said, in rather a scornful tone, "it means just what I choose it to mean—neither more nor less." "The question is," said Alice, "whether you can make words mean so many different things." "The question is," said Humpty Dumpty, "which is to be master—that's all."

                    Also LOL @ Emmett knowing very little about finance.


                    When you are at it did you ever get around to answering the question I asked you to explain the difference between an NFT and an EFT e.g. a card payment transaction beyond whether the record is held in a public or a private ledger?

                    I didn't say Emmet knew very little about finance, and why on earth would I bother responding to a question like that. You've clearly made your mind up - the best I could hope for is an ill-informed "LOL" after you glanced at the first few sentences of something.

                    Comment


                      anyone ever looked into the $1 homes in italy? Looks like ill have 5 months off from august?

                      Comment


                        Oh dear



                        Person...Woman...Man......Camera..TV

                        Comment


                          Originally posted by paul8200 View Post

                          that's not much of a debate response? give me something to debate with - i'd happily defend
                          analogue to digital conversion is a downsampling of the information required, anything which has been made digital from analogue is just as digital as anything that was directly digitised. As a soundbite that looks edgy it literally makes zero sense.

                          What genuine benefits accrue to us to decentralise the financial world? At what costs to us?
                          How many of these benefits are exceptional to decentralised finance?

                          Comment


                            Does Gary ever give less than 6/10?

                            Person...Woman...Man......Camera..TV

                            Comment


                              Originally posted by ComradeCollie View Post
                              Oh dear


                              The main oil pipeline in the US got hacked this week too. Roooshians.
                              "We are not Europeans. Those people on the continent are freaks."

                              Comment


                                Originally posted by Hectorjelly View Post

                                The "quote dump" was a couple of lines explaining succinctly what decentralised finance is, and the link explains the value and potential in such a system. But I suppose you believe you know better than the authors of the research, despite never using DEFI or understanding how it works. Have you forgotten the bean comment?

                                Centralised finance is anything that isn't decentralised. It's an easy way to distinguish between the two systems. People who work in fintech distinguish what they do from the rest of finance with the term traditional finance. In that context, traditional finance covers anything a bank does, even if it isn't particularly traditional. De/Centralised finance follows the same structure. Terms like this are shorthand allowing conversations to flow without having to explain everything from first principles.

                                We had the same problem when you referred to the Euro as a digital currency. In some respects it is digital, but it is not what is commonly referred to as a digital currency. Here is a link which highlights what I mean: https://n26.com/en-it/blog/digital-e...yment%20method

                                I look forward to you thanking me for the quote dump.
                                I didn't ask what decentralised finance was? I asked what centralised finance is? If you're defining decentralised finance as the complement of that, then you surely would be able to explain in layman's terms what it is that you would like to break away from.

                                Tell me what you don't want in the financial system that exists today and give me 3 genuine benefits to a state deciding that a decentralised approach to the monetary system is a better option. We'll not consider any of the costs just yet. Just 3 tangible improvements to my neighbour Mrs. Keogh's life that would come about if we all jumped ship and 'moved across' the boundaries. Ideally these 3 benefits would be specifically applicable, and not available to us in our current setup.

                                FWIW Target 2 launched in the Eurozone in 1999, based on the back of existing digital payment systems to facilitate central bank cross-border settlement. Nobody was delivering pallets of euros to the ECB daily to offset their obligations to the ECB.

                                Comment


                                  Speaking of finance. Jordan Speith sinking a 55ft eagle putt for joint 1st round leader was a real fist pump moment . He is unreal at times . He is to me what kaymer is to nicnic
                                  Last edited by Solksjaer!; 14-05-21, 08:15.

                                  Comment


                                    Originally posted by paul8200 View Post
                                    I'll give you an example. we rented VHS.
                                    Xtravision the cause of our financial imprudence prior to the recession too according too...

                                    Comment


                                      Originally posted by hotspur View Post

                                      Xtravision the cause of our financial imprudence prior to the recession too according too...
                                      My father was the receiver of that particular empire back in the 90s. Remember the auld lad coming home with dozens of videos that he had liberated from one of the stores. White collar crime.
                                      "We are not Europeans. Those people on the continent are freaks."

                                      Comment


                                        Originally posted by Emmet View Post

                                        I didn't ask what decentralised finance was? I asked what centralised finance is? If you're defining decentralised finance as the complement of that, then you surely would be able to explain in layman's terms what it is that you would like to break away from.

                                        Tell me what you don't want in the financial system that exists today and give me 3 genuine benefits to a state deciding that a decentralised approach to the monetary system is a better option. We'll not consider any of the costs just yet. Just 3 tangible improvements to my neighbour Mrs. Keogh's life that would come about if we all jumped ship and 'moved across' the boundaries. Ideally these 3 benefits would be specifically applicable, and not available to us in our current setup.

                                        FWIW Target 2 launched in the Eurozone in 1999, based on the back of existing digital payment systems to facilitate central bank cross-border settlement. Nobody was delivering pallets of euros to the ECB daily to offset their obligations to the ECB.
                                        Every single question here has already been answered in my last few posts. I specifically addressed what centralised finance refers to is in the post this is in response to, and If you read the research I posted you could answer the improvements question yourself.

                                        Comment


                                          Originally posted by Hectorjelly View Post

                                          Every single question here has already been answered in my last few posts. I specifically addressed what centralised finance refers to is in the post this is in response to, and If you read the research I posted you could answer the improvements question yourself.
                                          Just as a matter of interest HJ, when did you become interested in finance generally and crypto specifically? I never remember you ever having any interest or demonstrated knowledge in the subject until recently when you are presenting yourself as an authority.

                                          Are you working in the area now? Or have you done a Masters or something?
                                          "We are not Europeans. Those people on the continent are freaks."

                                          Comment


                                            Originally posted by Emmet View Post

                                            I didn't ask what decentralised finance was? I asked what centralised finance is? If you're defining decentralised finance as the complement of that, then you surely would be able to explain in layman's terms what it is that you would like to break away from.

                                            Tell me what you don't want in the financial system that exists today and give me 3 genuine benefits to a state deciding that a decentralised approach to the monetary system is a better option. We'll not consider any of the costs just yet. Just 3 tangible improvements to my neighbour Mrs. Keogh's life that would come about if we all jumped ship and 'moved across' the boundaries. Ideally these 3 benefits would be specifically applicable, and not available to us in our current setup.

                                            FWIW Target 2 launched in the Eurozone in 1999, based on the back of existing digital payment systems to facilitate central bank cross-border settlement. Nobody was delivering pallets of euros to the ECB daily to offset their obligations to the ECB.
                                            I’d be interested to hear this, genuinely curious as to what has people so excited as I’m so unfamiliar with it.

                                            Comment


                                              What is appearing on HSE PCs this morning...

                                              Happiness is not a goal; it is a by-product. ~Eleanor Roosevelt

                                              Comment


                                                Originally posted by Wombatman View Post
                                                What is appearing on HSE PCs this morning...

                                                Well at least they are demonstrating one of the only really useful applications of crypto

                                                Comment


                                                  Funny thing about defi crypto space is that it’s just replicating all the classic normal financial system scams but online. Sad to see people fall for it

                                                  Comment


                                                    Originally posted by Goodluck2me View Post

                                                    I’d be interested to hear this, genuinely curious as to what has people so excited as I’m so unfamiliar with it.
                                                    Genuinely interested too.

                                                    I've been in the business of creating and securely transferring securing funds in any currency for decades. We have been ready to support blockchain transactions since '15 after various schemes were touted but not a single one of our customers have found a practical use for them. A couple of times the tech was being investigated for a 'know your customer' service but so far none of them seem to be going anywhere. No sign of any of the big payment schemes or CB's showing any interest and all the product and research people just shrug their shoulders and ask 'What's the use case?'.
                                                    Turning millions into thousands

                                                    Comment


                                                      Originally posted by Strewelpeter View Post

                                                      Genuinely interested too.

                                                      I've been in the business of creating and securely transferring securing funds in any currency for decades. We have been ready to support blockchain transactions since '15 after various schemes were touted but not a single one of our customers have found a practical use for them. A couple of times the tech was being investigated for a 'know your customer' service but so far none of them seem to be going anywhere. No sign of any of the big payment schemes or CB's showing any interest and all the product and research people just shrug their shoulders and ask 'What's the use case?'.
                                                      I've been working in banking for 20 years+. We have truly massive tech budgets and a fervent desire to make best use of emerging technologies, which we execute upon. Doing some truly groundbreaking work in various areas.

                                                      Everyone tends to get initially super-excited about Blockchain; I've seen tons of research projects spun up on things like a Custody blockchain, an Asset Servicing blockchain, clearing blockchains etc etc - they have all petered out pretty quick. One of my buddies had to leave a job because he had got tagged as being a blockchain expert and thus kept being given these 'doomed to fail before they even started' projects, which was fucking up his career.
                                                      "We are not Europeans. Those people on the continent are freaks."

                                                      Comment


                                                        Originally posted by ComradeCollie View Post
                                                        Oh dear


                                                        Conti ransomware.
                                                        ﴾͡๏̯͡๏﴿

                                                        Comment


                                                          Originally posted by Micknail View Post

                                                          Conti ransomware.
                                                          I think you'll find it's pronounced 'cunty'.
                                                          "We are not Europeans. Those people on the continent are freaks."

                                                          Comment


                                                            Originally posted by Raoul Duke III View Post

                                                            I think you'll find it's pronounced 'cunty'.
                                                            My mind immediately sprang to Nina Conti.

                                                            Solks definitely would.
                                                            ﴾͡๏̯͡๏﴿

                                                            Comment


                                                              Originally posted by Wombatman View Post
                                                              What is appearing on HSE PCs this morning...


                                                              A grim period to be working in IT for the HSE. They are fairly antiquated in terms of systems from my limited knowledge so the ransomware would have pissed through their network. Likely, the hackers were in the network undetected for an extended time before flipping the switch.

                                                              Comment


                                                                Originally posted by Raoul Duke III View Post

                                                                Just as a matter of interest HJ, when did you become interested in finance generally and crypto specifically? I never remember you ever having any interest or demonstrated knowledge in the subject until recently when you are presenting yourself as an authority.

                                                                Are you working in the area now? Or have you done a Masters or something?
                                                                I've worked as an analyst for a company in the space for about a year and a half, which in crypto terms is a long time. DEFI only really exploded last summer.

                                                                Comment


                                                                  Does anyone have a recommendation for an online project management solution or tracker? I have MS project at work but it's overkill for my needs. I don't need to go into massive detail with Gantt charts, resources or critical paths, etc. Just something to simply to log a number of simultaneous small projects about 1-6 months in duration. Not a fan of MS planner either fwiw.

                                                                  Comment


                                                                    Originally posted by Strewelpeter View Post

                                                                    No sign of any of the big payment schemes or CB's showing any interest and all the product and research people just shrug their shoulders and ask 'What's the use case?'.
                                                                    As has been posted here several times, this is not true. The ECB recently released a bond on Ethereum:

                                                                    https://www.eib.org/en/press/all/202...lic-blockchain

                                                                    "The EIB believes that the digitalisation of capital markets may bring benefits to market participants in the coming years, including a reduction of intermediaries and fixed costs, better market transparency through an increased capacity to see trading flows and identity of asset owners, as well as a much faster settlement speed."

                                                                    Comment


                                                                      Originally posted by coillcam View Post


                                                                      A grim period to be working in IT for the HSE. They are fairly antiquated in terms of systems from my limited knowledge so the ransomware would have pissed through their network. Likely, the hackers were in the network undetected for an extended time before flipping the switch.
                                                                      I would imagine the new booking system for the vaccines was very quickly implemented without due diligence.

                                                                      Then again, could have been spam / usb keys etc, who knows yet.
                                                                      ﴾͡๏̯͡๏﴿

                                                                      Comment


                                                                        Originally posted by Goodluck2me View Post

                                                                        I’d be interested to hear this, genuinely curious as to what has people so excited as I’m so unfamiliar with it.
                                                                        It's faster, cheaper, safer (in theory, it definitely isn't now), more transparent and more democratic, and it allows people to take part in the financial system in a way that is not possible now.

                                                                        To take a practical example, if you take a borrowing/lending protocol, (like AAVE for example). Borrowers get a better deal than they would from traditional finance, and what is really a gamechanger is anyone can provide liquidity and get rewarded for doing so. Because there is no financial intermediary the spread between borrows and lenders is minimal. This isn't pie in the sky, it's up and running now with multiple billions in locked liquidity.

                                                                        Comment


                                                                          Originally posted by Raoul Duke III View Post

                                                                          I've been working in banking for 20 years+. We have truly massive tech budgets and a fervent desire to make best use of emerging technologies, which we execute upon. Doing some truly groundbreaking work in various areas.

                                                                          Everyone tends to get initially super-excited about Blockchain; I've seen tons of research projects spun up on things like a Custody blockchain, an Asset Servicing blockchain, clearing blockchains etc etc - they have all petered out pretty quick. One of my buddies had to leave a job because he had got tagged as being a blockchain expert and thus kept being given these 'doomed to fail before they even started' projects, which was fucking up his career.
                                                                          This reminds me of my first job (in IT) where I listened to a network engineer give a presentation on how WIFI would only ever be a novelty.

                                                                          Comment


                                                                            Originally posted by Micknail View Post

                                                                            I would imagine the new booking system for the vaccines was very quickly implemented without due diligence.

                                                                            Then again, could have been spam / usb keys etc, who knows yet.
                                                                            The HSE would have a massive footprint that could be targeted. It's a big bureaucratic mess and their IT is probably no different. I'd suspect there is any number of vulnerable entry points. Unpatched web servers or legacy devices left internet-facing would have been an obvious one for me but emails are the #1 source of these threats. We've got a few emails recently from suppliers/customers to watch out for dodgy emails from their domain - in each case email credentials were put into fake websites. It's a constant scourge. The cybercriminals behind this ransomware are very skilled and would be quite specific on who they target.

                                                                            There are so many vulnerable devices out there. You can easily go to shodan.io and search for IP addresses in Ireland and find CCTV boxes that are internet-facing for remote access - less than 5 mins and you don't need to be a hacker or security engineer to do this. Shodan is incredibly scary, we really have no idea of the amount of devices that are out there and the amount of entry points as a result.

                                                                            A couple of years back a security researcher found that the vast majority of Eir modems had a backdoor through an open port. As a result, it was trivial to compromise them. Eir eventually patched this and then replaced the modems but it didn't happen that fast. Similarly, the Fastway "hack" was from another security researcher who found they had a public-facing database with every customer's info. In both cases, Shodan had inventoried the public IP addresses of vulnerable systems so the researchers could easily identify them. Imagine what the real bad guys are doing with Shodan?

                                                                            Comment


                                                                              Originally posted by Hectorjelly View Post

                                                                              As has been posted here several times, this is not true. The ECB recently released a bond on Ethereum:

                                                                              https://www.eib.org/en/press/all/202...lic-blockchain

                                                                              "The EIB believes that the digitalisation of capital markets may bring benefits to market participants in the coming years, including a reduction of intermediaries and fixed costs, better market transparency through an increased capacity to see trading flows and identity of asset owners, as well as a much faster settlement speed."
                                                                              Blockchain - yes

                                                                              Cryptocurrency - no (I did ask you multiple times what the issue currency of this bond was but you didn't want to answer)
                                                                              "We are not Europeans. Those people on the continent are freaks."

                                                                              Comment


                                                                                Originally posted by coillcam View Post
                                                                                Does anyone have a recommendation for an online project management solution or tracker? I have MS project at work but it's overkill for my needs. I don't need to go into massive detail with Gantt charts, resources or critical paths, etc. Just something to simply to log a number of simultaneous small projects about 1-6 months in duration. Not a fan of MS planner either fwiw.
                                                                                Is trello too simplistic for it?

                                                                                Comment


                                                                                  No say ever 5.30 leop
                                                                                  told good ew bet

                                                                                  Comment


                                                                                    Originally posted by Micknail View Post

                                                                                    My mind immediately sprang to Nina Conti.

                                                                                    Solks definitely would.
                                                                                    Ah here . I've never heard of her . Dont get me wrong you are probably correct all the same.

                                                                                    Comment


                                                                                      Originally posted by Raoul Duke III View Post

                                                                                      My father was the receiver of that particular empire back in the 90s. Remember the auld lad coming home with dozens of videos that he had liberated from one of the stores. White collar crime.

                                                                                      My uncle was head of security for them in the late 80's / early 90's when a young lad with the same surname as me and you ran the place.

                                                                                      They were somehow involved in the Italia 90' fan village in the RDS which showed all the Irish World Cup games, complete with a mini 'stadium' which had 4 giant tv screens hung from the ceiling and a stadium built around it. There was Italian cops/immigration who checked your tickets coming in and stamped them, accepted Lira as payment, had pizza/pasta shops, etc - the whole nine yards.

                                                                                      Myself and the 'aul lad got free tickets and during the games had a constant flow of free food and booze (soft drinks for me) brought into us during the game. Afterwards, we had a wander around the village and I got a free one of everything going, jersey, football, VHS of the road to Italy, etc once the uncle flashed the Xtra-vision ID badge.

                                                                                      After that we headed down to their enclosure where there was a right session going on. Seems as I was only a nipper, we hung around just outside but still got a constant supply of food and booze that was heading to them.

                                                                                      Later in the night, the booze was running low and there was an order sent by the the owner to head up to Lillie's and procure a few more kegs and enough spirits/mixers to keep them going.

                                                                                      Some poor lass who worked for the RDS piped up to say that the agreement was that the boozing would be done by 2am and it was now 10 to 2 so they probably shouldn't get more.

                                                                                      The response was 'Who the fuck is paying for all this? - Exactly, now go on and get that booze'

                                                                                      Kegs and trays of spirits arrived in record time!



                                                                                      Comment


                                                                                        Pretty scathing article in FT about the company who are integral to the Bitcoin scam (they magic their “stablecoin “ tokens out of thin air while claiming each one is backed by 1 dollar
                                                                                        turns out only 2.9% backed by cash and the rest is chicanery

                                                                                        https://www.ft.com/content/529eb4e6-...4-5967bbe3b4d9

                                                                                        Comment


                                                                                          Pretty crazy\amazing image from last night.

                                                                                          Right hand side is Hamas missiles launched from Gaza, left hand side is Israeli 'Iron Dome' interceptors for those same missiles. Gives a good sense of how small the actual area is
                                                                                          i.e. about 50km from both Tel Aviv and Jerusalem to Gaza.

                                                                                          2925.jpg?width=620&quality=85&auto=format&fit=max&s=0f3eda4a29450757bf39492448cdd8a2.jpg
                                                                                          "We are not Europeans. Those people on the continent are freaks."

                                                                                          Comment


                                                                                            Originally posted by Raoul Duke III View Post

                                                                                            Blockchain - yes

                                                                                            Cryptocurrency - no (I did ask you multiple times what the issue currency of this bond was but you didn't want to answer)
                                                                                            Why would the European Central Bank issue a bond in a cryptocurrency? That's a ridiculous question. I didn't answer because it's a silly question. In order to use Ethereum, you must purchase Ethereum, which is a cryptocurrency. So,

                                                                                            Blockchain - yes,

                                                                                            Cryptocurrency - yes


                                                                                            Also, this was in response to a post about how blockchain isn't being, or of interest of by central banks - which is patently untrue.

                                                                                            It seems to me that you all had a look into crypto in 2017 at the height of the mania, correctly ascertained that there was little or no substance to the whole thing, and then haven't updated that opinion since. In 2017 Ethereum was just a pipe dream, now it's actually a reality. It's still very early and rough around the edges, but you can use it now and see how it has the possibility to disrupt things in very real ways.




                                                                                            Comment


                                                                                              Its nearly fundamentalism this crypto lark.Hi, Have you heard about crypto ?
                                                                                              This too shall pass.

                                                                                              Comment


                                                                                                Has anyone seen this? It looks amazing. https://en.m.wikipedia.org/wiki/Fata...ames%20Bennett

                                                                                                Fatal Deviation is a low-budget cult film produced and set in Trim, County Meath, Ireland. Produced in 1998, it enjoys the distinction of being Ireland's first full-length martial arts film. The film stars real-life martial arts enthusiast James Bennett. The film was conceived by James Bennett. Many have considered this film to be one of the worst films ever made.

                                                                                                Comment


                                                                                                  Originally posted by Hectorjelly View Post
                                                                                                  It seems to me that you all had a look into crypto in 2017 at the height of the mania, correctly ascertained that there was little or no substance to the whole thing, and then haven't updated that opinion since. In 2017 Ethereum was just a pipe dream, now it's actually a reality. It's still very early and rough around the edges, but you can use it now and see how it has the possibility to disrupt things in very real ways.
                                                                                                  or we could conclude you've been working in this area for an extremely short time and have swallowed all of the koolaid that is going
                                                                                                  "We are not Europeans. Those people on the continent are freaks."

                                                                                                  Comment


                                                                                                    Originally posted by oleras View Post
                                                                                                    Its nearly fundamentalism this crypto lark.Hi, Have you heard about crypto ?
                                                                                                    Some people certainly do go off the deep end!

                                                                                                    Comment


                                                                                                      Originally posted by Raoul Duke III View Post

                                                                                                      or we could conclude you've been working in this area for an extremely short time and have swallowed all of the koolaid that is going
                                                                                                      I'm a big believer in copper too, but for some reason, that topic never comes up here!

                                                                                                      Comment


                                                                                                        Originally posted by Hectorjelly View Post
                                                                                                        Has anyone seen this? It looks amazing. https://en.m.wikipedia.org/wiki/Fata...ames%20Bennett

                                                                                                        Fatal Deviation is a low-budget cult film produced and set in Trim, County Meath, Ireland. Produced in 1998, it enjoys the distinction of being Ireland's first full-length martial arts film. The film stars real-life martial arts enthusiast James Bennett. The film was conceived by James Bennett. Many have considered this film to be one of the worst films ever made.
                                                                                                        I've only seen a few clips. It's on Youtube.

                                                                                                        Person...Woman...Man......Camera..TV

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                                                                                                          Saw a clip on youtube of that film ages ago. so funny
                                                                                                          Yer man is making his way through a forest in the dark leaping into a martial arts stance every time he sees a monk (cue dramatic music)

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                                                                                                            Originally posted by coillcam View Post
                                                                                                            Does anyone have a recommendation for an online project management solution or tracker? I have MS project at work but it's overkill for my needs. I don't need to go into massive detail with Gantt charts, resources or critical paths, etc. Just something to simply to log a number of simultaneous small projects about 1-6 months in duration. Not a fan of MS planner either fwiw.
                                                                                                            trollo / jira?
                                                                                                            People say I should be more humble I hope they understand, they don't listen when you mumble
                                                                                                            Get a shiny metal Revolut card! And a free tenner!
                                                                                                            https://revolut.com/referral/jamesb8!G10D21

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                                                                                                              Originally posted by Hectorjelly View Post

                                                                                                              I'm a big believer in copper too, but for some reason, that topic never comes up here!
                                                                                                              Next time I see you in person I will tell you a story about how to lose $80,000,000 on copper over the course of a day, when your risk limit is allegedly $5m.

                                                                                                              "We are not Europeans. Those people on the continent are freaks."

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                                                                                                                I'm hoping HJ is actually working for copper, who are doing serious business bridging the gap for institutional investors into cryptocurrencies.

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                                                                                                                  Originally posted by paul8200 View Post
                                                                                                                  Analogue conversions to digital are not digital.
                                                                                                                  As Emmet pointed out, that’s clearly nonsense.
                                                                                                                  If I take a $50,000 in cash and deposit it in my bank, it is converted into digital format and stored on a digital ledger.
                                                                                                                  If you transfer 1BTC from your wallet to your bank account it is converted into, say $50,000 recorded in your account.

                                                                                                                  At that point our accounts are essentially identical. The fact the source if mine was tangible Fiat currency, and the source of yours was a digital cryptocurrency is now irrelevant. They are both now digital fiat currency.


                                                                                                                  Originally posted by paul8200 View Post
                                                                                                                  I'll give you an example. we rented VHS. it was great when they went to DVD. better fidelity, and you've weren't charged 50cent if you didn't rewind when returning. Then Netlix killed blockbuster by renting by post. some super interesting stories about that. Anyway what we all wish we realized then was how good netflix would be at a true digital version. For me I couldn't see past the bandwidth mess in 2010. look where we are now. Cinemas are edge
                                                                                                                  Yes, the digital revolution changed home movies forever The other night I actually struggled to pick a movie as I had so much choice between the various platforms.
                                                                                                                  I settled on The Dark Knight. And instantly it’s streamed to my TV wirelessly, via the magic of digital movies.

                                                                                                                  Of course. The Dark Knight was shot on 65mm IMAX film. Analogue. And converted to digital for my home viewing pleasure.
                                                                                                                  So your example kinda undermines your claim that analogue conversions are not really digital.

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                                                                                                                    Originally posted by Emmet View Post
                                                                                                                    I'm hoping HJ is actually working for copper, who are doing serious business bridging the gap for institutional investors into cryptocurrencies.
                                                                                                                    We use copper actually, it's a big upgrade on Fireblocks. I was referring to the metal though.

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                                                                                                                      Originally posted by Raoul Duke III View Post

                                                                                                                      Next time I see you in person I will tell you a story about how to lose $80,000,000 on copper over the course of a day, when your risk limit is allegedly $5m.
                                                                                                                      I would love that. I never realised before how interesting finance could be before getting involved tangentially. I reread liars poker recently and it made a lot more sense the 2nd time around!

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                                                                                                                        Originally posted by Micknail View Post

                                                                                                                        My mind immediately sprang to Nina Conti.

                                                                                                                        Solks definitely would.
                                                                                                                        He'd have to fight me first

                                                                                                                        Whatever 'it' is Nina has it by the ton.
                                                                                                                        Turning millions into thousands

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                                                                                                                          Originally posted by coillcam View Post

                                                                                                                          The HSE would have a massive footprint that could be targeted. It's a big bureaucratic mess and their IT is probably no different. I'd suspect there is any number of vulnerable entry points. Unpatched web servers or legacy devices left internet-facing would have been an obvious one for me but emails are the #1 source of these threats. We've got a few emails recently from suppliers/customers to watch out for dodgy emails from their domain - in each case email credentials were put into fake websites. It's a constant scourge. The cybercriminals behind this ransomware are very skilled and would be quite specific on who they target.

                                                                                                                          There are so many vulnerable devices out there. You can easily go to shodan.io and search for IP addresses in Ireland and find CCTV boxes that are internet-facing for remote access - less than 5 mins and you don't need to be a hacker or security engineer to do this. Shodan is incredibly scary, we really have no idea of the amount of devices that are out there and the amount of entry points as a result.

                                                                                                                          A couple of years back a security researcher found that the vast majority of Eir modems had a backdoor through an open port. As a result, it was trivial to compromise them. Eir eventually patched this and then replaced the modems but it didn't happen that fast. Similarly, the Fastway "hack" was from another security researcher who found they had a public-facing database with every customer's info. In both cases, Shodan had inventoried the public IP addresses of vulnerable systems so the researchers could easily identify them. Imagine what the real bad guys are doing with Shodan?
                                                                                                                          Cough cough....

                                                                                                                          The HSE is to spend €1.1m on extended security support for a now obsolete operating system as the health service did not upgrade the majority of its computers in time.

                                                                                                                          Security support for the Windows 7 system is due to expire next week, a deadline that has been repeatedly flagged by the tech firm over the last five years.
                                                                                                                          https://www.irishexaminer.com/news/arid-30974569.html
                                                                                                                          Happiness is not a goal; it is a by-product. ~Eleanor Roosevelt

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