discombobulate

The term is in quotes.

Edit: I think some of the problem is I'm talking to n00bs

Bcash could end up being China coin.

Edit (throttled):

bcash is bitcoin cash. 'bcash' is used to discredit it as 'bitcoin'. I like it b/c it's funny.

China coin: https://twitter.com/zaoyang/status/897111083588231173

David Sacks said in an int that crypto is at da Internet's 1999 prices w/ the tech of 1995. Bunch to build. Best to invest in durable shit. Not hype coins or vapourware white papers, IMHO.

XBT not being used as a currency & bcash being traded heavily. (First thing that comes to mind).

You know my utility function, bro? Maybe it's different from yours. Maybe I care more about books/code/& shit like that.

Takes a high degree of empathy to understand something like that, though.

Does it make you feel good insulting ppl on the internet?

Edit: Anything else to say, or is that your contribution?

Edit2: If you having nothing useful to say, you should probably keep your mouth shut (& probably sit in the corner).

Maybe the 'crypto' vs 'digital' is too subtle for most ppl to understand (as in, what drives the use of the language. Why players are motivated to use the words they do). Maybe I didn't explain it well.

It's like the use of the term 'bcash' to discredit Bitcoin Cash.

If you -- not being stupid -- don't get it, it's probably not worth my time explaining it again.

Edit: it's past 1 here. Need to sleep. Sorry for the short reply. You should check out Monero. A look at what the privacy has to offer.

The digital currency set is larger than I thought (I believe it includes the items I've stated (see Wikipedia link re PayPay)).

If you call censorship resistance a 'fine line', I agree.

I explained why I made the distinction. You should probably learn to read a more carefully before making statements about all knowing this & that. Or fine lines.

What do you think the point of crypto is? Make me look silly, bro.

Edit: You see the information I've talked about? I created that. So if you've got more, I'd be impressed.

Edit2: If you've got any thoughts on the blockchain as a data-commons for AI, I'm all ears.

Edit3: Any thoughts on the future of the decentralised web? Tangles for the IoT? How evolution relates to hard forks? Anything like that? Or just some dictionary definitions?

I think it's possible that if crypto currency became 'too' prevalent the 'war' on drugs would end & police resources rerouted to proper crimes (my bias after a little reading on the subject).

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.

Funny how biases play on our interpretation of the world.

> No, Bitcoin is still a digital currency, even if it's also a crypto-currency.

I believe that's correct. Is the fund investing in non-crypto assets? 'Digital' implies the category 'digital' rather than 'crypto'. It's a subtle difference, but important for when government/gov agencies frame the tech.

My 'Edit2' of the root comment is incorrect.

> Also, Paypal is not a currency at all, it's just a bank and payments provider.

I believe PayPal is seen as having an electronic currency:

https://en.wikipedia.org/wiki/Digital_currency#Centralized_s...

Edit: I'll amend further. The headline is definitionally correct. It's not as precise as I would like since it doesn't convey exactly what the fund is investing in. I think being precise in this matter is important b/c the word use is used to frame the tech as yet-another-digital-thing vs a censorship resistance technology (allowing privacy in an age of increased surveillance & free speech where centralised companies have become the censors). The word 'crypto' has a certain connotation -- which is why I think the SEC won't use it. Or other gov agencies refer to it as 'so-called' crypto currency.

It's also why Coinbase says 'digital currency', I think. There are ppl who try & force the matter when they're being interviewed. Well, I'm forcing the matter back.

---

Edit2 (reply to icebraining):

icebraining, I'm being throttled. Here's my reply,

> A random line in Wikipedia does not make for good evidence about how something is seen.

At least I supplied evidence, vs your naked claim.

> Bloomberg is writing for a general business audience, using a more generic term is normal

Good journalists use 'crypto'. Here's an example from Forbes (general business audience?),

https://www.forbes.com/sites/laurashin/2017/08/10/coinbase-b...

> doesn't imply anything.

I think it does. I've explained above in an edit. You seem to be making a lot of statements without backing anything up with reason.

The words are wrong. The definitions are incorrect. If you don't know the difference then it does add something. That's called ignorance on your part. I've explained the difference.

Edit: & it makes a difference b/c one implies government control & the other control by the individual. Individual freedom. Privacy. Saftey from persecution. Allowing freedom of speech -- without the risk of being defunded by the government.

Edit2: Thank you for your comment.

Each asset can be looked at in terms of use cases. Bitcoin is the first crypto asset. The currency use case. Etherium is a generalised platform -- computing. Others have been created or are in the works.

For any given use case I believe the solution could be done more efficiently with traditional tech. What traditional tech doesn't do is provide resistance to censorship. Governments can take them down. Currencies, social networks, whatever. The raison d'être of crypto is to provide this resilience. That's what the extra resources go to. Crypto is valuable because it's a more resilience-whatever. E.g., Bitcoin is a more resilient money (Monero is better b/c it's private). Assets which can be taken have less value. Platforms which require permission have less innovation. That's the quick answer.

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.

Digital currencies like M-Pesa & Paypal?...

Oh, no he seems to be buying crypto assets; which have value because they're decentralised. Silly me. I was confused by the author being confused.

Edit: if you're downvoting me for this comment then you don't know what you're talking about. Happy to debate!

Edit2: seriously, there's a distinction to be made. One is a censorship resist asset (which is why the trade-off of greater resources is made) & the other isn't.

Edit3: explain to me why that isn't true & I'll change my position!

Which is why crypto tech is important. The foundations of a decentralised internet are being built[0].

[0] https://ipfs.io/

I just reread the root comment:

> Are there any concrete uses of a blockchain that have clear advantages than to using a standard database other than cryptocurrencies?

Seems you're refuting something no one said, as far as I can tell.

Edit:

> Digital identity is a cryptographic thing and a distributed thing

How is it distributed? I assumed it was some company's servers -- maybe in multiple data centres around the world. But nothing like 24k nodes (& possibly more in the future).

---

Edit (reply to your edit):

I think the claim is that the identity system will be more resilient, not that it will be easier to implement. Censorship resistance.

I'd imagine it'll be harder to implement & cost more. A trade-off.

Which is along the lines of what I originally asked,

> Is Keybase resilient against the country's government in which it resides?

You said that gpg was. But didn't mention the computers. I asked about the servers & the ppl. (We didn't talk about the team).

The need wasn't specified. I'm presuming it's censorship resistance. Governments can't meddle with identities. Wipe someone off the face of the earth.

What about if another started up?

You don't see any other issues? Ppl being centralised, servers (ETH has ~24k nodes), nothing like that?

Is Keybase resilient against the country's government in which it resides? How does it achieve this with a traditional database?

I think Science may be an incubator[0].

[0] https://science.tokenhub.com/2017/08/03/startup-incubator-sc...

Edit: stephengillie, can't currently use reply. Think I'm being throttled b/c of my VPN.

I guess Bing is your friend here! I've not been keeping an eye out for that particular type of thing (soz).

Tokens will allow for increased liquidy. However, the greater liquidy comes @ a premium, & will increase the price of the asset.

Yoken

Will the crypto system look more biological over time as the loops bias toward certain characteristics & the information processing increases?

What do you think will happen wrt token sales & US regulation, in the near term?

Maybe a worthwhile trade-off for > decentralisation.

Probably about the same.

This is correct. Without private (anti-1984 cypherpunk) money the exchange is junk.

Fred didn't have to write the post.

& who can say for sure if what was written in Hatching Twitter is correct?

Everyone on HN is SO sceptical of everything, & then as soon as something negative is written about a VC you jump on them like a pack of hyenas.