isubkhankulov

i read that two companies involved in traditional securities trading on distributed ledgers lobbied for this legislation.

Reading the text, they did not make sufficient changes required to have a legal entity on a blockchain like ethereum or bitcoin.

for example, Delaware requires keeping track of the full names of each person/entity that owns a corp.

the submarine - paul graham

does kraken trade etc and eth?

hard to price unless a fork actually occurs. if a fork like ETH/ETC happens, exchanges do benefit.

it could even be guerrilla marketing by trading exchanges...

this post feels like propoganda. prior bitcoin upgrades have gone much smoother and when they do go wrong the community banded together to spread the right information. albiet the userbase was likely a lot smaller back then.

this. facebook has targeting tools, the OP must not have used them?

yes, irrevocable timestamped database using proof of work algorithms

"Guaranteed integrity

The log cannot be tampered with without detection

Log integrity has been explored in computer science for years. We employ methods recommended by the crypto community, such as hash chaining and timestamping in order to guarantee the integrity of the logs"

so they just borrowed one aspect of bitcoin's innovation.

the best use case in the united states is as an alternative to gold, as in store of value. that is crypto's killer app. the payment system cannot compete with centralized ones, unless you're looking to buy black market goods.

financial products like ATM's, credit cards were very slow to achieve widespread adoption. like a decade each.

its possible consumers will start buying a bit of crypto instead of lottery tickets. thats the only way i see half the population using bitcoin/ether/etc.

bitcoin's primary value generator since 2011 when Silk Road 1 launched has been uncensored money, or a payment network outside of any single entities control. Afaik, it was not designed with the black market in mind. Since then, people have started buying it because of its scarcity.

I believe the author was specifically referring to non-currency applications of the blockchain. Its hard to disagree with your comment as the bitcoin blockchain experiment seems to be going well so far.

can someone explain why anyone would need this? just like bitcoin, the time you really need it is to avoid government oversight or censorship. if successful, wouldnt we all see the black market thrive while all regular use cases for the internet would continue on the regular distributed internet?

they're listing NMR on poloniex FYI

theyre listing it on poloniex FYI

why not stake in BTC or ETH?

IMO, creating a new deflationary currency skews incentives towards hoarding the coin.

i think he meant insider trading the numerai contest, not the stock market itself

why not stake with bitcoin or ether?

this is aimed at cryptocurrencies and designed to not have counter-party risk. self executing smart contracts.

one problem is that they may be relatively expensive because they require "gas" to execute but on the plus side they can't be shut down.

its in ETH, not dollars, so it would be quite difficult to convert without slippage because the markets are quite illiquid.

Basically, people trading their ETH paper gains as a diverisification play.

the only way to short these ICO's is to not buy them. shorting anything requires borrowing the asset, usually paying interest (as an incentive to the lender), selling them and later buying them back.

the other option is a betting platform where people just take side bets, but counter party risk is substantial and your short is limited by the trade collateral and vice versa for your counterparty taking the opposite bet.

if you cut through the hype, Prism is an ethereum hosted CFD (contract for difference) platform.

They claim that they will be taking the other side of customer bets on portfolios initially, and hedging by buying the underlying. later, they envision other market participants will short coin portfolios.

With CFD's upside and downside is capped. so neither party is investing, just betting.

Bancor's initial response isn't great:

https://twitter.com/bancornetwork/status/876934646344404992

since they mentioned FUD, it sounds like they're afraid Gun's post may affect trading of their token.

purely anecdotal evidence but i've heard of one former wall street person is taking a programming course to get exposure to that world. he also happens to be quite wealthy.

its so refreshing to actually see roadmaps after token launches.

what about apple gift cards? heavily used by scammers. are you attacking Apple because malicious users abuse their stored value cards?

these scammers are usually located in 3rd world countries and they're pretending to be US/EU users.

yes, but using bitcoin provides a layer of anonymity only fraudsters need. legit users who would just use twilio or another service that is tied to their identity.

Russian and Ukraninan numbers from smspva.com would not be used for fraud. in fact, that would be a huge red flag.

ironically, both websites serve predominantly scammers who need SMS to verify with various websites to commit fraud.