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miggy

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  1. Sorry Errol but this is completely incorrect. I've been living here for years.
  2. We're back to the same arguments on intrinsic value? Yikes! Filecoin itself should be good but trading wise I don't like to invest in high caps. I picked out storj, thought I'd fluffed it (project is far from well run) but sat it out expecting a pump. Today it pumped and I took a lovely profit. What next folks?
  3. There haven't been rapid advances in battery or solar but we have seen a gradual improvement in efficiency of solar. Major battery technology stagnated for decades because it turns out it's a really tough problem. There has been some progress recently from what I understand but still nothing major has made it to market. That would be a real game changer. A family friend worked in the battery powered vehicle sector for a very long time and said it's taken far longer than anyone expected and they still aren't anywhere near where they hoped (commercially speaking). Solar is pretty good now, however.
  4. I was an employer up here for years and had manchester and Leeds based staff. Leeds trains you are absolutely right about and the Manchester route is awful. We lost staff in the end because the transport situation was too bad. New tracks in some cases and new, longer and more frequent (and later running) trains in others.
  5. Up north we are desperate for better transport between sheffield-leeds-manchester and already have a perfectly good London route. To see all this money spent on HS2 is beyond annoying. I know an MP who examined the case for HS2 and he didn't see the case for it either. Almost no one does.
  6. OT but that Sheffield proposal is going to kill off a lot of sport in Sheffield. Few students or otherwise will go to Norton. I have been playing there for 20 years!
  7. I'm constantly explaining to people that all politicians are in this together. Blaming either party is partisan politics not backed up by the evidence. Dumping house prices may be the right thing to do but it's potentially political suicide too. Can it be done slowly/safely and in a way which gets more houses on the market? Volumes are so low it's crazy, partly because properties sold for BTL are held on to for pensions etc.
  8. Tezos is interesting but I've picked up some negative vibes. The 2 leads have... not acted well with regards to other projects. I don't like people who spend their time dissing others, and it's got quite personal. I also had a run in with them for asking a perfectly sensible question, where they got so defensive it was insane. I was told last week that the team they claim to have are just staff at an outsource firm. I also don't like their token sale model or the various justifications they have given for it & how they plan to use the money. I was also told (not verified) that they personally will be banking a significant amount of the raised funds for themselves personally and that the funds are not just for the company. From my own conversations with them this wouldn't surprise me in the slightest. The tech itself sounds interesting at a high level (not delved into it) and it'll raise a lot of money but the management team are failing to impress. I need to preface this by saying I haven't gone into the latest details on Ethereum's proposed PoS system but my understanding is it doesn't rely on that. Best person to speak to (or follow) is Vlad. He has a quirky sense of humour and some interesting views that not all in the decentralisation space will agree with, but he's an all round good guy. Very smartk.
  9. Other blockchains have an agreed direction for scaling and no blockchain has solved it (or has seriously attempted to in practical terms). No one can actually agree on what Bitcoin is intended to be which makes solving scaling problems harder. Virtually every other blockchain has a more focused leadership than Bitcoin. What you don't seem to want to accept is that it's not black and white. There are a lot of places in between totally centralised control and total decentralisation (which isn't true even of Bitcoin). Adam Back says the same as you because he fails to understand that governance exists all the time, whether one likes it or not. A lack of focus on what a blockchain is meant to do, e.g. Bitcoin, leads to arguments and stagnation. That may be seen as a good thing with regard to a currency but now we're seeing people literally forcing the issue, trying to force change down people's throats one way or the other and with all manner of risks. I will take leadership over the absence of leadership because it gets shit done and I know what to expect when developing a project on that platform. If Bitcoin never changed I would not have a problem with that, but I do think it a risk and I do have a major problem with what's happening right now development wise. As a reminder, I don't think Ethereum is necessarily going to win out in the long term versus version 3 blockchains / distributed technologies. We're in the early days of a long and complex path IMHO.
  10. Here we go again. Ethereum has never ever claimed to solve the scaling problem today. The only people saying that were big blockers in the bitcoin world, naive idiots who were just in it for money, and bitcoiners who wanted to set up a straw man. I know some of the people planning ethereum scaling and PoS, including Vitalik and Vlad, they simply do not claim what you say. The difference is that ethereum and some other currencies have a clear and socially agreed direction, including for scaling. The cost is a little centralisation in leadership. Take it or leave it. Bitcoin has a stronger decentralised model which is a good thing but not needed in all cases. My nodes don't take anything like 1 TB. One is closer to 80gig and my parity node is almost nothing. Also, the transactions are only hitting 'fun' times' around ICO fever (which had got silly). I can move ether around just fine thanks and have been doing so in the last 24 hours. Once again, criticise ethereum and others for the right things, not the wrong things and stop distorting the facts to suit preconceptions. Btw I spend bitcoin on real life things via xapo
  11. >And since there are an infinite number of crypto currencies / coins, where does the value derive from? There's a large number of chemicals (and elements) with finite supply. Mostly the value is derived from utility but with gold in particular it's from a social agreement that it has an additional value, which leads to speculation. Cryptocurrencies are no different. Indeed, although we could create an infinite amount of cryptocurrencies they wouldn't be protected by an infinite amount of network power so they are not the same. One needs to understand the technology. Bitcoin and Ethereum are by far and away the most secure. Smaller currencies are now either built on top and have other uses, including acting a little more like shares, and other chains also have different use cases completely. In the early days, many Bitcoin clones were created mostly for pump and dump purposes. They still exist for that purpose because people like to gamble. However, despite numerous different cryptocurrencies, they are valued differently for social and technical reasons. The proof is in the pudding - this has been going on for nearly 10 years now. All cryptocurrencies are not the same.
  12. Honky: there are alternatives to proof of work which need a while lot less energy usage.
  13. Golem had plenty of code available well before the crowdsale. Gnosis also have code available although I don't know the full extent. Bancor actually had very little code available. I'm prepared for this to all change but the advice I was given was as above. Also note that as soon as you use your cryptocurrency for real world purposes you must declare it, as you must also if you get paid in cryptocurrency. Companies like Xapo allow a full transaction export for these purposes.
  14. Guess this explains why more people are looking at ethereum and bitcoin. I am going the other way - where the hell is good for money that is reasonably safe?!
  15. ICOs are like fuel/community builders to specific projects or protocols. They do not directly add value to any blockchain (and are not intended to, normally) but obviously a successful project can do. Counterparty has lead to some ICOs on the bitcoin blockchain, tho nothing used a huge amount. Bitcrystals could be regarded as a success on there though. Whether an ICO is inflationary in its own right depends upon its economic model. Btc/ether raised etc goes to a private entity typically, sometimes a non profit, and good ones will spend the money wisely whilst bad ones won't.
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