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JonnyNova

161 karma · joined March 23, 2015

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JonnyNova··on Cryptocurrency bloodbath continues as Bitcoin falls below $10,000
Or the bag is half full
JonnyNova··on Cryptocurrency bloodbath continues as Bitcoin falls below $10,000
It is plenty proved. Nobody accepts BTC as payment for goods and nothing is priced in BTC.
JonnyNova··on Backdoor Found in Lenovo RackSwitch and BladeCenter
Nothing about this has anything to do with the Chinese government specifically. This was introduced by Nortel, then perpetuated by IBM, then eventually discovered by Lenovo.
JonnyNova··on Backdoor Found in Lenovo RackSwitch and BladeCenter
I disagree, that definitely sounds like something that could have been added. It is very probable whoever had the joy of holding the legacy code support bag after all the transitions had no idea this existed in it.
JonnyNova··on Stellar Protocol: A Federated Model for Internet-Level Consensus (2016) [pdf]
So, IOTA?
JonnyNova··on Food-safety expert warns Silicon Valley $60 ‘raw water’ trend could turn deadly
I once drank lake water in Iceland during winter. The only reason I could be convinced to do so was because it was Iceland during the winter. It was absolutely fantastic. Easily the best tasting water I've had by an order of magnitude.
JonnyNova··on Food-safety expert warns Silicon Valley $60 ‘raw water’ trend could turn deadly
Distilled water increases the rate at which the body loses essential minerals. You can negate that by ensuring your mineral intake is enough. It's much easier to just water that has minerals in it though.
JonnyNova··on Cleanup at the slaughterhouse
Not needing to subject yourself to drug testing for work definitely a perk of certain industries.
JonnyNova··on Bitcoin price is crashing
Not just bitcoin, its all going down. Total crypto market cap has dropped from $650B yesterday to $477B now and dropping still.
JonnyNova··on Gamers Want DMCA Exemption for ‘Abandoned’ Online Games
This happened with Star Wars Galaxies. Two projects:

https://www.swgemu.com/

https://www.projectswg.com/

JonnyNova··on Artificial scarcity won’t prop up Bitcoin
Bitcoin itself has scarcity by design, but since it is an open idea backed by nothing it really doesn't have any scarcity. The tons of new altcoins and forks definitely reflects this. Android's fragmentation probably shows us what crypto's future fragmentation will look like.
JonnyNova··on Subprime Auto Defaults Are Soaring, and PE Firms Have No Way Out
That is what you get for giving out risky loans to marginally qualified applicants just because you could charge high rates.

Same applies to the current student loan crisis too.

JonnyNova··on This dominatrix makes men mine cryptocurrency for her – she now has over $1m
She set herself a sweet gig of collecting mining profits instead of taking just one time payments. Probably the only way she can take a recurrent payment as a sexworker.
JonnyNova··on Bitcoin Will Probably Never Be Embraced by the U.S. Government
Totally. The resistance to switch to a universal currency would be astronomical just based on that it would overexpose the money supply to foreign manipulation. The South Korean government has already voiced concerns about this with respect to the wealth of their citizens and they aren't even using it as a national currency.
JonnyNova··on Study finds police body cameras had no significant impact on use of force
This signifies that the police in question don't believe their conduct is wrong. This definitely comes down to a problem that needs to be sorted with proper training and establishing proper protocols on how to deal with these situations.
JonnyNova··on Selling Bitcoins in Cana­da
It doesn't. It pushes the value up and certainly gets more eyes on it but a rising market cap of cryptos doesn't suddenly defeat fiat currencies when a magic threshold is reached.
JonnyNova··on Buy, sell, send and receive Bitcoin Cash on Coinbase
That is not a good comparison to the situation. Cars and outer space have nothing to do with each other at all. Whereas the number of transactions is directly impacted by the available size on the block that they consume.
JonnyNova··on Buy, sell, send and receive Bitcoin Cash on Coinbase
A number of friends of mine in the US only want to deal with Coinbase. It is probably a combination of having already set up there and not wanting to submit ID to other exchanges, and having trust issues with other ones.
JonnyNova··on Buy, sell, send and receive Bitcoin Cash on Coinbase
Using GDAX requires an ID because you can store USD in it. Same goes for using the USD wallet in Coinbase.
JonnyNova··on Buy, sell, send and receive Bitcoin Cash on Coinbase
Can you elaborate on why you think that increasing the block size doesn't seem like a solution for scaling?
JonnyNova··on Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut
Rivers and Mountains has a good selection of pro Bitcoin Cash material to read.

https://www.yours.org/user/riversandmountains/

https://www.tradingview.com/u/RiversAndMountains/

https://twitter.com/upsupsanddowns

JonnyNova··on Litecoin and Ethereum buys and sells are temporarily disabled
Bitcoin definitely won't live for another 10 years. Even without a bubble burst it will definitely get superseded by better alternatives by then.
JonnyNova··on Litecoin and Ethereum buys and sells are temporarily disabled
There has to be some new coming in. Coinbase is rocking #1 spot in the app store for a reason.
JonnyNova··on Litecoin and Ethereum buys and sells are temporarily disabled
> > ...A bubble, Galbraith observed ...

> Counterpoint: Galbraith confidently called the US stock market a "classic bubble" in April, 1999. At that time, the Dow Jones was at 10,494. Today it's at 24,504.

No! Current day valuation versus 1999 valuation has nothing to do with each other. In 1999 the market was over valued and the bubble soon popped.

> > Assets need to be productive in order to be true investments

> Counterpoint: Maybe assets need to be useful to have value. Land, copper, the balance on a Walmart gift card and my World of Warcraft gold don't produce anything, but they're useful, so they have value.

The key difference between an asset and investment is that investments produce returns.

JonnyNova··on Litecoin and Ethereum buys and sells are temporarily disabled
Who accepts or prices things in bitcoin anymore?
JonnyNova··on Litecoin and Ethereum buys and sells are temporarily disabled
It is a textbook speculative bubble. The whole idea of hodl is literally speculation.
JonnyNova··on Litecoin and Ethereum buys and sells are temporarily disabled
Bitcoin has fundamentals though. Per the whitepaper it was designed to be just a means for individuals to transfer money to each other digitally without much friction. The further it gets from that the more we're asking the network to stretch to meet demands it was never designed to.
JonnyNova··on Divorce and Occupation
Getting married is a pretty big lifestyle change for enlisted soldiers. It enables them to go from living in a barracks to having private housing with their spouse. That is a non-trivial factor weighing in on the decision for many of them.
JonnyNova··on Divorce and Occupation
All extramarital is still illegal, consensual included.
JonnyNova··on Diamonds are Bullshit (2013)
For someone who is opposed to getting diamonds, what alternatives exist?

Every time I think of this, this plays out in my head: "Sorry sweetie, I love you but hate diamonds more. I'm not going to buy you a sweet ring to show off to all your friends. Will you marry me anyway?"

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