Originally posted by Hectorjelly
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Thought I was having a job interview this morning, friend of a friend who works for a recruitment crowd and have met IRL, and seemed sound organised it. Interesting role, minimal commute with plenty of opportunity to WFH and generous uplift (only ever heard that term here) to what I'm currently earning.
Meant to have a video interview this morning @ 10:40, instructions in email, shouldnt be more than 30-40 mins, click on video link once we have called you to confirm, sitting there waiting till 11:20, interviews can go over and I understand that.
Called the recruiter and said I've had no call, says he'll get back to me straight away, calls me back after 15 mins and says there has been a "mix up", and can we do it at 13:30, I said no problem but can't run over time as have other stuff on.
Still sitting here. Just deciding how to tell them both to GFY but in a professional way.Jayzus, Sheila! I forgot me feckin' trousers
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Originally posted by Strewelpeter View Post
Ah look , the use case is only for criminal transactions and anyone who pretends otherwise is a fool. The energy use problem is real and no amount watching the Winkletwat twins snaring gobshites into buying it is gonna change that.
I'm not for or against crypto, I understand the technologies, the relationship with fiat currencies and I understand what they need to achieve in order to become a transnational currency.
Gamble away good luck in finding a winner in that field, this morning I saw a scan of the winner of the 2028 Cheltenham Gold Cup if you'd like to invest
The energy use problem is not real. For bitcoin miners electricity is by far the largest cost, so the mining rigs tend to be located where electricity is very cheap. This means they typically end up being beside hydroelectric dams where electricity is going to be otherwise wasted. https://qz.com/1364657/bitcoins-ener...-as-you-think/
Also, Etherium, the 2nd largest crypto, will be moving to a proof of stake network, rather than a proof of work network, which means a vast reduction in electricity consumption. https://blockgeeks.com/guides/proof-...roof-of-stake/
The use case argument is just incorrect, just this week Microstrategy announced they were adopting bitcoin as their treasury reserve, and promptly bought $250 million worth of bitcoin. https://www.businesswire.com/news/ho...-Reserve-Asset
The biggest buyer of bitcoin over the last few months is Greyscale. A publically listed security. The main purpose of this fund is to allow institutional investors gain exposure to bitcoin. The fund is worth over 3 billion. https://grayscale.co/bitcoin-trust/
https://news.bitcoin.com/grayscale-b...2.6%20million.
As for finding a winner, Bitcoin and Etherium dwarf all the other projects by several orders of magnitude, so it shouldn't be too hard to pick a winner.
Last edited by Hectorjelly; 20-08-20, 13:03.
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For the foreseeable (And the last 6 months) the Top Job and the Minister for Health will be the main Barometer for how the government is performing. Blue Shirt voter here already worried about the next election and what could happen. Martin and Donnelly are absolutely fucking unbearable. Not sure there is a way back for them. Martin 'Rejecting' claims that the latest guidelines are unclear. The fucking state of that.
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Originally posted by Silver-Tiger View PostFor the foreseeable (And the last 6 months) the Top Job and the Minister for Health will be the main Barometer for how the government is performing. Blue Shirt voter here already worried about the next election and what could happen. Martin and Donnelly are absolutely fucking unbearable. Not sure there is a way back for them. Martin 'Rejecting' claims that the latest guidelines are unclear. The fucking state of that."We are not Europeans. Those people on the continent are freaks."
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Originally posted by Hectorjelly View Post
I can think of one?
You're not gonna lose your keys to gold
Gold has a fraction of the volatility
Gold has real word uses that backstop its value
Gold has been universally valuable since the beginning of history
Gold has greater institutional support than bitcoin will ever have
Gold doesn't have so many competing similar products
Cypto's value comes from it being a ponzi scheme
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Originally posted by Denny Crane View Post
No 51% attacks in gold
You're not gonna lose your keys to gold
Gold has a fraction of the volatility
Gold has real word uses that backstop its value
Gold has been universally valuable since the beginning of history
Gold has greater institutional support than bitcoin will ever have
Gold doesn't have so many competing similar products
Cypto's value comes from it being a ponzi scheme
These comments do not apply to the technology itself...
"We are not Europeans. Those people on the continent are freaks."
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Had to flee Tayto Park after being drenched several times.
Would say covid restrictions make it far less craic than previous. Half the place is closed and queues are moving more sluggishly due to regs. And the rollercoaster was closed because of the wind (I pretended to be upset)."We are not Europeans. Those people on the continent are freaks."
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Originally posted by Hectorjelly View Post
1 The energy use problem is not real. For bitcoin miners electricity is by far the largest cost, so the mining rigs tend to be located where electricity is very cheap. This means they typically end up being beside hydroelectric dams where electricity is going to be otherwise wasted. https://qz.com/1364657/bitcoins-ener...-as-you-think/
Also, 2 Etherium, the 2nd largest crypto, will be moving to a proof of stake network, rather than a proof of work network, which means a vast reduction in electricity consumption. https://blockgeeks.com/guides/proof-...roof-of-stake/
.............
As for finding a winner, Bitcoin and Etherium dwarf all the other projects by several orders of magnitude, so it shouldn't be too hard to pick a winner.
1 - There is no energy consumption issue.
2 - but Ethereum is moving to proof of Stake to get away from the energy consumption issue
What problems do cryptocurrencies solve that fiat can't?
That's the important part.
I can give you a list of problems that fiat solves that cryptocurrencies can't.
And then from there is a value judgement as to which you or I consider more important I suppose.
As RD3 says, Blockchain as a concept that helped to create Bitcoin is certainly useful. Bitcoin itself I am less sure of.
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I ended up getting an Oculus Quest it having been stuck in my head the last few months after Opr I think it was talked about it. Mine arrived yesterday and I have to say it's actually mind blowing.
I've never used vr before and it's so far beyond my expectations.
Anyone else use one have any recommendations on how to get the most out of it? The possibilities seem to be endless.
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Steve Bannon arrested. charged with fraud and money laundering https://www.nytimes.com/2020/08/20/n...-indicted.html“Blessed are the forgetful, for they get the better even of their blunders.”
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Originally posted by 6starpool View Post
Have you tried different browsers? I presume so, but who knows!
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Originally posted by Emmet View Post
This is a contradictory mess.
1 - There is no energy consumption issue.
2 - but Ethereum is moving to proof of Stake to get away from the energy consumption issue
What problems do cryptocurrencies solve that fiat can't?
That's the important part.
I can give you a list of problems that fiat solves that cryptocurrencies can't.
And then from there is a value judgement as to which you or I consider more important I suppose.
As RD3 says, Blockchain as a concept that helped to create Bitcoin is certainly useful. Bitcoin itself I am less sure of.
It's not contradictory. There are benefits to proof of stake that have nothing to do with energy consumption. What I was saying is that energy consumption isn't much of an issue now, and it will be even less of an issue in the future.
Digital currencies solve many problems, there are so many advantages to digital currency I wouldn't know where to start to list them. I also wouldn't be the most informed or eloquent speaker on the topic. The most pressing problem right now that digital currency solves is an escape route for people in countries with huge inflation, i.e. Turkey/Brazil.
Almost every central bank around the world is exploring their own digital currency because they realise the problems with non-digital money. There's a comprehensive list here. https://www.theblockcrypto.com/post/...esearch-report
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Originally posted by Hectorjelly View Post
The energy use problem is not real. For bitcoin miners electricity is by far the largest cost, so the mining rigs tend to be located where electricity is very cheap. This means they typically end up being beside hydroelectric dams where electricity is going to be otherwise wasted. https://qz.com/1364657/bitcoins-ener...-as-you-think/
Originally posted by Hectorjelly View PostThe use case argument is just incorrect, just this week Microstrategy announced they were adopting bitcoin as their treasury reserve, and promptly bought $250 million worth of bitcoin. https://www.businesswire.com/news/ho...-Reserve-Asset
Let me give you a clue, for very little money I can present you with a wholly new codebase, crude as fck but working, yellow pack version of any one of these designs.
Turning millions into thousands
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Originally posted by Raoul Duke III View Post
This. Until governments\central banks recognise and regulate crypto, it's just a wild west for scamming and speculative purposes only. That's the reality of it.
These comments do not apply to the technology itself...
This ad has been shown across America over the last few weeks.
https://www.youtube.com/watch?v=x6B6cj1CIMk
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Originally posted by Strewelpeter View Post
Good LOL out loud at that just think about what you are saying there
I'll let you do your own thinking about that the real implications of that are.
Let me give you a clue, for very little money I can present you with a wholly new codebase, crude as fck but working, yellow pack version of any one of these designs.
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Originally posted by Hectorjelly View Post
That's a good analogy for it. It is the wild west, and due to the lack of regulation, you get incredible innovation and an incredible amount of fraud. These days though it has a large amount of institutional support (which I've already highlighted above) and many central banks have tacitly recognised it. As for regulation, well that is basically the whole point of bitcoin. You can't regulate it.
This ad has been shown across America over the last few weeks.
https://www.youtube.com/watch?v=x6B6cj1CIMk"We are not Europeans. Those people on the continent are freaks."
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Originally posted by Hectorjelly View Post
Congratulations, you worked out that bitcoin is open source.
The coin is either worthless or worth far more than it is now, just about all of the big holders are crooks, good luck with outplaying them.Turning millions into thousands
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Originally posted by Hectorjelly View PostThe most pressing problem right now that digital currency solves is an escape route for people in countries with huge inflation, i.e. Turkey/Brazil."We are not Europeans. Those people on the continent are freaks."
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Originally posted by Hectorjelly View PostIt's not contradictory. There are benefits to proof of stake that have nothing to do with energy consumption.
Originally posted by Hectorjelly View PostWhat I was saying is that energy consumption isn't much of an issue now, and it will be even less of an issue in the future.
Originally posted by Hectorjelly View PostDigital currencies solve many problems, there are so many advantages to digital currency I wouldn't know where to start to list them. I also wouldn't be the most informed or eloquent speaker on the topic. The most pressing problem right now that digital currency solves is an escape route for people in countries with huge inflation, i.e. Turkey/Brazil.
Originally posted by Hectorjelly View PostAlmost every central bank around the world is exploring their own digital currency because they realise the problems with non-digital money. There's a comprehensive list here. https://www.theblockcrypto.com/post/...esearch-report
Thank you for the link dump though.
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Originally posted by Hectorjelly View Post
You need to look up what a Ponzi scheme is.Originally posted by paul8200 View Post
Yes agree with the above. I was suggesting it for small amounts where the purpose is to just sell later for an expected profit, as it's the most hassle free way to dabble
the big collapses in crypto happen when they run out of new money. Like after the South Korea mania.
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Also it might be close to over now but the lockdown chess tournaments have been the most fantastic sport Looks like Magnus is about to Magnus but there might be one further twist in the last rapid game which is about to start here
https://chess24.com/en/watch/live-to...ur-2020/11/1/2
Turning millions into thousands
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Originally posted by Emmet View Postconcrete example?
Originally posted by Emmet View Posthmm, seems a strange premise. Once we have unlimited free energy then the fact that a main tenant of cryptocurrency transaction handling is having multiple cpus burn through watts of power just to facilitate finding the solution for a problem that solves only the facilitation of that transaction and no other goal whatsoever, we're grand?
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Originally posted by Raoul Duke III View Post
But are you actually working and\or speculating in crypto?
And just to be clear, I'm not advocating anyone invest in crypto. There's no doubt it's super high risk and there had already been a big bubble in recent memory. We might be on our way back to another one.
That said a bubble is not indicative of a Ponzi scheme. The internet had it's own bubble.Last edited by Hectorjelly; 20-08-20, 16:01.
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Originally posted by Silver-Tiger View Post
It's on Chrome. Always met by the consent followed by the other without fail. Not the biggest of deals but annoying.
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Originally posted by Hectorjelly View PostThe proponents of proof of stake believe that the network will be safer and that it is a more democratic way to run a blockchain. The argument is too technical for me to have much of an opinion now the merit of that, but if there is a problem with proof of stake then it we will find out in the next few years.
Originally posted by Hectorjelly View PostNope, that's not what I was saying. The energy that bitcoin uses is mainly renewable energy in places that don't have much other use for it. I.e hydroelectric damns It isn't adding to the total amount of electricity used.
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Stock market represents economic activity and produces dividends. Vs Bitcoin which produces little economic value, most people are just buying into it hoping it goes to the moon (closer to a penny stock than the real market). And it has no fundamental value. It's value all comes from new round of speculators.
Almost every central bank around the world is exploring their own digital currency because they realise the problems with non-digital money. There's a comprehensive list here. https://www.theblockcrypto.com/post/...esearch-reportLast edited by Denny Crane; 20-08-20, 18:28.
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Originally posted by Strewelpeter View PostAlso it might be close to over now but the lockdown chess tournaments have been the most fantastic sport Looks like Magnus is about to Magnus but there might be one further twist in the last rapid game which is about to start here
https://chess24.com/en/watch/live-to...ur-2020/11/1/2
Swing Swong, Magnus had to win the second blitz game extraordinary win blitzing out a dozen or more crucial life or death moves precisely from 20 seconds on the clock to force Armageddon( Starts in 4 mins)
Incredible stuffTurning millions into thousands
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Originally posted by Denny Crane View PostStock market represents economic activity and produces dividends. Vs Bitcoin which produces little economic value, most people are just buying into it hoping it goes to the moon (closer to a penny stock than the real market). And it has no fundamental value. It's value all comes from new round of speculators.
And most central banks hold hundreds of billions in gold reserves. There's no comparison about which is real store of wealth.Last edited by paul8200; 20-08-20, 19:25.
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Martin is a massive failure I feel. It's like his whole mission in his career was not to be the first. Now that he's over the line he doesn't know what to do with himself.
Actually really like S Donnelly, there's a naiive honesty about him.
Totally unsuited to a ministerial role.I hold silver in tit for tat, and I love you for that
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Originally posted by Keane View PostWas there any exit poll info on people voting for FF by age in the election? They must have had around 0 votes from the under 30s surely?“Blessed are the forgetful, for they get the better even of their blunders.”
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https://twitter.com/JohnFogartyIrl/s...155981312?s=19
This messaging is confused. Not confusing, confused.
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