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sgspace

216 karma · joined May 5, 2014

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sgspace··on Bitcoin Surges Past $7,000 to Extend Record Rally
ya done smoked $70,000 worth of pot son
sgspace··on Bancor has lost more than half its value since June ICO
It is rare to find someone actually contributing to a crypto currency discussion, rather than just sharing their opinion. Insightful comment thanks!
sgspace··on Bitcoin Futures Could Open the Floodgates for Institutional Investors
Bitcoin is a hedge against fiat and the fractional reserve banking system.
sgspace··on Cryptocurrency Evolution
Try that today and your old node/wallet will have trouble reading Segwit transactions.
sgspace··on Show HN: 4chan on the Ethereum blockchain
Well it appears we will find out very soon
sgspace··on Medical marijuana patients report reduction in use of prescription drugs
I can see this. I deal with chronic pain daily and I smoke often. After I light up, I am still aware of the pain if I think about it, but as you mention, my mind wanders and I forget about the pain for moments at a time.
sgspace··on Medical marijuana patients report reduction in use of prescription drugs
There any many different strains of marijuana each with different potencies of the underlying psychoactive chemicals. Smoking a bag of random whatever you bought in high school is not very comparable to walking into a new USA dispensary and buying a prescription of a strain that has been grown to combat specific symptoms you're trying to treat.

Some strains will make you feel dumb, make your head cloudy, and make you forget everything. Some will keep your mind 100% clear but make your body feel like its floating.

I don't think many people realize how useful marijuana is for pain management. I have a chronic illness and I've been able to get off all prescription drugs in place of medicinal marijuana.

sgspace··on Cryptocurrencies are the tulip mania of the 21st century
1) First mover advantage. Bitcoin is the easiest crypto currency to buy or sell for fiat. Every crypto exchange/atm/payment gateway supports Bitcoin and maybe some altcoins like Ether or Litecoin. On crypto exchanges, Bitcoin is always the base market pair. Bitcoin is the oldest, most battle tested crypto, so people expect it to be the most secure.

2) Economics. Bitcoin is deflationary. There will only ever be 21m Bitcoins. Ethereum does not have a hard cap on the max number of Ethers. Each coin has its own economics. Smart investors will understand the economics behind each coin they buy into. Otherwise you end up buying Ripple at 40 cents each thinking its a bargain...

sgspace··on The China ICO Ban
How is this FUD when it is actual news?
sgspace··on Ask HN: Projects that don't make you money but you're doing it out of sheer joy?
This is awesome I love Nintendo thank you!
sgspace··on Despite S.E.C. Warning, Wave of Initial Coin Offerings Grows
You sound like the other thousands of posts I've read over the past 8 years. You're either correct or missing out on something massive.
sgspace··on Digital coins may be on the verge of going mainstream
Huh? There is no such thing as a physical bitcoin. 1 bitcoin will always be worth 1 bitcoin. To calculate the total bitcoin market cap you multiply the number of circulating bitcoins by the current exchange rate for your preferred currency.
sgspace··on Analyzing Cryptocurrencies Using PostgreSQL
DMD was a legitimate pump and dump orchestrated by a trading group. How it works: Everyone sends BTC to a bot. Bot buys a ridiculous amount of random coin to skyrocket the price. Noobs see price rising and FOMO in. Bot dumps coins on new buyers and everyone in trading group gets rich.
sgspace··on Take Naps at Work
Napping is fireable offense at my company. :(
sgspace··on What if the Bitcoin bubble bursts?
I would imagine the security of your traditional bank account would be at risk as well.
sgspace··on What if the Bitcoin bubble bursts?
Here: https://blockchain.info/unconfirmed-transactions

Recently Ethereum has been taking a chunk out of Bitcoin's market share. One of the big reasons why is that it does not currently have this problem of a massive transaction backlog requiring large transaction fees.

sgspace··on What if the Bitcoin bubble bursts?
Anyone who has ever purchased bitcoin and held on to it before this past month is sitting on some amazing gains. If you purchased bitcoin at the top of the bubble in 2013, despite being down for years, today you would be up around 100%.
sgspace··on What if the Bitcoin bubble bursts?
When a bitcoin transaction is created it sits in the transaction backlog until a bitcoin node validates it. Nodes have the economic incentive to pick transactions with the highest fees. If you do not set a high enough fee, you risk your transaction sitting in the backlog for hours or days.
sgspace··on What if the Bitcoin bubble bursts?
TLDR: "If there is such a thing as a healthy bubble, this is it. To be sure, regulators should watch out that cryptocurrencies do not become even more of a conduit for criminal activity, such as drug dealing. But they should think twice before coming down hard, particularly on ICOs. Being too spiky would not just prick a bubble, but also prevent a lot of the useful innovation that is likely to come about at the same time."
sgspace··on Bitcoin mining companies face shutdown in southwest China
Digix is working on tokens tied to physical assets. Their first product will be a token tied to 1g physical gold. A different company, Tether offers a token tied to USD.

[1] https://www.dgx.io/ [2] https://tether.to/

sgspace··on Kik Messenger App Debuts Own Digital Currency Amid Bitcoin Boom
Have you ever heard of Ethereum? These Kik tokens run on top of Ethereum which had an ICO a couple years ago.
sgspace··on How Apple Alienated Mac Loyalists
Hey I ran into the same issue with Xcode 8 breaking all my existing iOS projects. If you go to developer.apple.com and find the downloads section you can download older versions of Xcode. You can have multiple Xcode versions installed on a single machine. I have Xcode 7 and Xcode 8 sitting right next to each other in my applications folder.
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