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User: religionofpeas

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Comments · 4,328

  1. Re:Pork Bellies on Bitcoin's Value Plummeted Overnight and No One Knows Why (slate.com) · · Score: 0

    same as intrinsic use of gold coins.

  2. Re:Very few control most of the system on Bitcoin's Value Plummeted Overnight and No One Knows Why (slate.com) · · Score: 1

    40% of all bitcoins are held by a small rich crowd of about 1000 users

    The reason is that they've held on to those coins since the beginning. These people aren't trading, and they are not panicking.

    maybe that small rich group is attempting to cash in by selling all at once

    Why would anyone cash in while prices are falling, let alone all at the same time ?

  3. Re:Transaction speed on Bitcoin's Value Plummeted Overnight and No One Knows Why (slate.com) · · Score: 2

    You trade on an exchange, and those trades are done off-chain, i.e. instantaneously.

    And if you trade person-to-person, then you just negotiate a price and time, like for any other product you want to trade.

  4. Re:Bagholders, start selling! on Bitcoin's Value Plummeted Overnight and No One Knows Why (slate.com) · · Score: 2

    Nobody wants to use a currency that may be worth 20% more, or 20% less the next day.

    If nobody wants it, the price will settle down.

  5. Re:it is known why on Bitcoin's Value Plummeted Overnight and No One Knows Why (slate.com) · · Score: 3, Insightful

    The solution is to bundle large amounts of transactions together using the Lightning Network, and then intermittently settle them on the main chain. This is being worked on. First test runs have been successful.

  6. Re:Not the Mars Rocket on Elon Musk Shows Off Near-Complete Falcon Heavy Rocket (newatlas.com) · · Score: 1

    Now I wonder what 3 BFR attached together will look like.

    I don't think he's ever going to attach rockets together after the FH. According to Musk it was a lot harder than anticipated.. In the BFR isn't big enough, they'll probably just make a bigger one.

  7. Re:Lucky.... on Elon Musk Shows Off Near-Complete Falcon Heavy Rocket (newatlas.com) · · Score: 2

    in the grand scheme of things, this is not a rocket that will make history.

    It's making history because it's reusable and cheap. Going to the moon is impressive, but not really useful.

  8. Re:Elon Musk will fail on this on Elon Musk Shows Off Near-Complete Falcon Heavy Rocket (newatlas.com) · · Score: 1

    He's not conquering space. He's offering a profitable service to get payloads in Earth orbit.

  9. Re:NOT selling data is fundamental to Google on Google Maps's Moat: How Far Ahead of Apple Maps is Google Maps? (justinobeirne.com) · · Score: 1

    They sell ADS that are targeted using the data.

    The funny thing is that I've never bought anything based on an online ad. Whenever I see ads, they are 90% for stuff I've already looked at, and 10% for stuff I don't care about.

  10. Re:Depends on how many features Google takes away on Google Maps's Moat: How Far Ahead of Apple Maps is Google Maps? (justinobeirne.com) · · Score: 2

    I block their ads. Everybody's happy.

  11. Re: Hahaha no... on Coinbase Adds Support For Bitcoin Cash [Update: Disabled] · · Score: 2

    > there are over 4000 types of 'coins' now, and I would bet that number is growing daily now.

    There are also over 4000 types of 'painting', but the Mona Lisa is still worth millions. It's easy to create a coin, but it's very hard to create one with value.

  12. Re:Age of Earth 4.5 billion on Scientists Confirm There Was Life On Earth 3.5 Billion Years Ago (qz.com) · · Score: 1

    Unless you think sperm or an egg is living matter.

    It almost is. And the small part that's missing was removed on purpose. It's like removing a brick from a house, and then saying that you can build a house by putting the brick back.

  13. Re:Age of Earth 4.5 billion on Scientists Confirm There Was Life On Earth 3.5 Billion Years Ago (qz.com) · · Score: 1

    Panspermia doesn't solve the question anyway. It merely moves it to a different place.

  14. Re:Evolution != "Progress" on Scientists Confirm There Was Life On Earth 3.5 Billion Years Ago (qz.com) · · Score: 2

    Most life on Earth isn't intelligent. Actually, most life doesn't even have nerve cells.

  15. Re:Age of Earth 4.5 billion on Scientists Confirm There Was Life On Earth 3.5 Billion Years Ago (qz.com) · · Score: 1

    And you said single where you meant multi. More coffee.

  16. Re:WHAT could go wrong? on Artificial Intelligence Is Killing the Uncanny Valley and Our Grasp On Reality (wired.com) · · Score: 1

    I have optimism that AI will be able to spot it if AI can make it

    These fakes are made by GANs (Generative adversarial network). It consists of two parts. The first part generates fakes, the second part tries to identify the fakes. These two networks are then trained against each other. In the end, you get good quality fakes that can fool the AI.

  17. Re:But what about the climate impact? on Bitcoin Jumps Another 10% in 24 Hours, Sets New Record at $19,000 (arstechnica.com) · · Score: 1

    It's not sustainable

    If the cost is too much, it'll slow down or go back down. Bitcoin doesn't need for it to grow.

  18. Based on what?

    Like I said. It will become boring. Volatility depends on people changing their minds. There's a finite supply of people, and they can only change their minds so many times before they settle on something.

  19. Re: You're a fool if you don't hedge investments on Bitcoin Jumps Another 10% in 24 Hours, Sets New Record at $19,000 (arstechnica.com) · · Score: 1

    It will pop at $21000 and afterwards be completely worthless.

    If you truly believe that, I invite you to open up a short position @ $21k.

  20. Re:An arms race against 'fake news' on Artificial Intelligence Is Killing the Uncanny Valley and Our Grasp On Reality (wired.com) · · Score: 1

    It takes a lot of money to do it by hand. And it's very hard to do it accurately on moving images. AI systems will make it quick and cheap. This allows it to be done on a much wider scale.

  21. Re: Grasp on Reality, really? on Artificial Intelligence Is Killing the Uncanny Valley and Our Grasp On Reality (wired.com) · · Score: 1

    because invoices never come to me, and my boss knows that.

    Obviously, they're going to target the person that deals with the invoices. It was an example. Feel free to come up with better examples that relate to your own life. E.g. wife calling up that she forgot the alarm code.

  22. People still fall for crude e-mail and phishing scams. As the attackers get more sophisticated that will only increase. And if we all stop trusting each other, it'll have a great impact on our daily life.

    renting cloud GPU time to run the neural net

    For now. It won't be long before you can buy special GPU cards that are optimized for neural net processing that you can stick in your home PC. Nvidia already has one. Still expensive, but it's only a matter of time before the prices come down and capability increases.

  23. Re:An arms race against 'fake news' on Artificial Intelligence Is Killing the Uncanny Valley and Our Grasp On Reality (wired.com) · · Score: 1

    I think ultimately what we'll see is that other companies will come along offering services that archive and perform various match tests against sound bites and recorded speeches

    I doubt it. Once you can fool people, it's a small step to fool a program. Besides, people don't like fact checking as it is. Authenticity is assumed if people agree with the content.

  24. Re:You're a fool if you don't hedge investments on Bitcoin Jumps Another 10% in 24 Hours, Sets New Record at $19,000 (arstechnica.com) · · Score: 1

    If you believe the hippie crap from that website, I'm afraid that you're the idiot.