Hacker News Reader

Comment by discombobulate | Hacker News Reader

Ari Paul[0] helped run a 75B fund. This isn't particularly new. The clumpy writer should probably sit down & figure out what's going on before shouting from the rooftop.

[0] https://twitter.com/aridavidpaul?lang=en

Edit:

Here are 15 more hedge funds for the klutz. Please old media: keep up! Would quite like NEWs.

https://www.forbes.com/sites/laurashin/2017/07/12/crypto-boo...

Edit2: dpflan, I think I'm being throttled b/c of my VPN. Here's how I see it;

Personally, I think bitcoins will still increase, but the bet is more symmetrical. There are other crypto assets which are asymmetrical bets (lose 1x, gain 100x). I focus on the latter.

View on HN

This is a gem: https://twitter.com/GlobeSvcs/status/897666132705988609

What do others think about Bitcoin's value changes and BTC as an investment? (Or the missed opportunity of investing in fidget spinners :)!)

The value proposition has always been that if it can succeed success being defined as being one of the major crypto currencies to see adoption, then just taking 1% of the global gold market, black market transactions, and remittances; its worth around 5k-ish already.

I would consider it a gamble and not an investment. Some call it a new asset class that isn't correlated to other assets, which is valued by portfolio managers. Its high risk high reward, if you understand why it has value and want exposure to the risk, put in enough that you are fine losing. This is still a grand social experiment and still could plummet in price at ANY time.The government regulatory clarification we have seen over the past few years has lessened the risk of a government crackdown at least.

This is not financial advice.

>There are other crypto assets which are asymmetrical bets (lose 1x, gain 100x)

Such as? Eth isn't going to increase 100x in any meaningful amount of time at it's current price.

Monero. It's the largest 'privacy coin'. I think I could make a strong investment case for it. I'll say this instead; Don't buy it unless you think privacy's important. It's the most (crypto) nerdy coin, with a technical community (r/Monero). I like to call it cypherpunk money.

As it's private it could get banned -- which could set in back in the short-term. In the long-term, I think it's going to be money (or something like it). It could be a rocky ride!

Edit: A rocky ride with consequences (It's not a fairground ride). I want to point that out.

Edit2: You could sell your investment, obviously. I talking about if you're in for the duration.

If a record keeping system inherently obfuscates the records, how do you audit the records?

https://www.reddit.com/r/Monero/comments/6cu2qm/is_it_possib...

I've invested in Ripple (XRP):

https://blockchain.works-hub.com/blog/XRP-We-Will-Persuade-t...

Reply on news.ycombinator.com