109 karma · joined June 24, 2013
For anyone that likes complex problem solving and wants to start down the low carb road, I cannot recommend Ivor Cummins'[1] and Dr. Jeff Gerber's[2] work on diabetes and cholesterol enough.
I'm not sure. I think this might be the type of advertising that money can't buy. It puts him and his enterprise, even if temporarily, in front of a wide range of people who would otherwise never waste a single cycle on his content.
The only other social media service that resulted in similar genuine connections with other like-minded folks was MySpace music. I've not found that x-factor - serendipity, I suppose, with a platform since.
Has that much value really been created?
Back in 2014 it made sense to divest a small proportion from bitcoin if you made significant gains. Fresh, crypto-wealthy people with little to no investing experience (or even basic wealth management) tended to look to new cryptocurrency projects rather than fiat vehicles for divestment. Say what you will about that line of thinking, but it paid off for anyone that held onto their presale ether. At the time there were many new similar projects running presales. Some of those are now at a loss based on bitcoin's value, others are breaking even or failed and ethereum has gone parabolic.
The going rate if you participated near the beginning of the ethereum presale was 2000ETH/BTC which was ~$600 at the time. This was an easy gamble for anyone with double digit bitcoins and the foresight to invest conservatively. One bitcoin invested in the ethereum presale is now worth nearly $1M.
Does it make sense invest in this space now as an independent investor? Definitely not. The signal to noise ratio is god awful, the economics don't make sense (to me, at least), the sharks are circling and it is going to take a long time for the technology to catch up with the hype.
When we see crashes of epic proportions I believe it is going to bring heavy-handed regulation and many are going to lose everything. People will be looking for blood and they will look to projects like ethereum for their pound of flesh.
Hard to say what proportion of transactions are retail driven, but Bitpay did write about their progress towards a $1B annual payment volume milestone recently[1] which is a drop in the ocean compared to the multi-billion dollar daily trade volumes on exchanges.
I am reminded of that adage (maybe a quote?) from past stock mania: when the shoeshine boys are talking stocks it's time to sell. Is this peak ICO?
I migrated gradually (six months) to a very low carb diet including abstinence from all forms of artificial sweetener. 9g/122g/100g carbs/fat/protein. On the plate that's lots of saturated fat, moderate protein from meat and dairy (largely unprocessed) and huge volumes of green vegetables (but they are simply a vehicle for fat and micronutrients.) I will experiment with abstinence from dairy in the future.
I keep my eating to a six hour window, two meals. The artificial sweetener ban is due to the insulin response they can provoke, which goes directly against my goal - to significantly improve my insulin sensitivity. I hope that is specific enough!
I'm not rejecting the importance of exercise for health - I follow the general principal of eating to get healthy, exercising to get fit - but I think we skip over the absolute tragedy that is the Standard American Diet at our peril.
Recovering from the consuequences of three/four generations of preaching the lipid hypothesis[2], as fast as we damn well can, is the ultimate way to defy depression, disease and early death.
[1] http://www.thefatemperor.com/blog/2015/9/5/fat-emperor-produ...
Long before the term ICO was coined (no pun intended), there were multiple markets for bitcoin securities dating back to 2012 - possibly earlier. I am referring to business ventures here, not clones of the bitcoin repo with a modified PoW mechanism or similar. There were many scams for every one legitimate venture. Many legitimate ventures eventually mutated into scams. Investors that started out as bitcoin maximalists were often crying to the SEC for help getting their bitcoin back. Some of those ventures run to this day.
The market was chump change back then. Tens of millions maybe. With ERC20 and ICO mania, we have front row seats for failure on a grand scale. The exuberance is terrifying to me given what I experienced years ago with bitcoin securities. For that reason I stopped making investments in May and started doing some real diversification. For many investors, ICOs will be their first taste of "a fool and his money are soon parted." For many projects who have conducted an offering, ICOs will be their first taste of what it's like when the SEC come knockin'.
I'm quite sure there will be some success stories a few years down the line, but they will be accompanied by a plethora of scams and all the media attention that comes with bad news. I think this form of funding is a vague peek into the future of project funding. Ethereum is not necessarily the specific answer, and the ICO framework will have to burn to the ground a few times before it evolves into something useful.