Search found 109 matches

by objectivefunction
Sun Sep 17, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 81
Views: 5647

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Why, other than pure speculation, do you think there is any expected return for taking the extra risk of crypto-currencies (or any other currency, or commodity for that matter)? For me it is pure price speculation. There are two reasons I think cryptocurrency prices will go up: 1) If bitcoin (or ot...
by objectivefunction
Sun Sep 17, 2017 6:28 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 81
Views: 5647

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

The question of whether cryptocurrencies make crimes easier is pretty far afield of the original topic of this thread, but if you are truly open to hearing my argument, and you are willing to suffer a wall of text, then I will make it. I will address: Did I falsely attribute motivations to you? Is i...
by objectivefunction
Sat Sep 16, 2017 6:37 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 81
Views: 5647

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Maybe you don't have a child you love as much as I do ... You're just fear mongering. Did you intentionally ignore my previous posts? I gave several actual resources by actual law enforcement personnel that documented how they are actually using the public bitcoin ledger to track and catch criminal...
by objectivefunction
Fri Sep 15, 2017 2:38 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 81
Views: 5647

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

- there seems to be the possibility of an infinity of cyber currencies, thus, bitcoin always has alternatives. That makes it hard to believe that it will keep its value If this is what Dimon is saying, it seems a rather naive thing to say (to me). There's a network effect to a cryptocurrency, and t...
by objectivefunction
Fri Sep 15, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 81
Views: 5647

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

I'd also add that because of Chainalysis there are (anecdotal) reports in places like reddit by people who get blacklisted from creating accounts at US exchanges because of paying bitcoins to online gambling sites. There was also a case of a cybersecurity firm that had coinbase close its accounts be...
by objectivefunction
Fri Sep 15, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 81
Views: 5647

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

- much of that so far is illegal activities - payment of ransomware, bypassing of Chinese exchange controls - we may have a view whether China should have FX controls, but it does right now, and Bitcoin was a way around it Do you have a reputable source for this information, or are you just making ...
by objectivefunction
Fri Sep 15, 2017 6:05 am
Forum: Personal Consumer Issues
Topic: Audio books
Replies: 28
Views: 1640

Re: Audio books

I like to get books from the library, or listen to classic out-of-copyright books from LibriVox. The LibriVox books are read by volunteers, so sometimes they're not the most engaging reader, but there are some surprisingly good readers as well.
by objectivefunction
Fri Sep 15, 2017 6:03 am
Forum: Personal Consumer Issues
Topic: Account security - Hackers gain access to mobile and then break havoc
Replies: 114
Views: 7971

Re: Account security - Hackers gain access to mobile and then break havoc

I agree that TOTP is much better than SMS. I does not require an Internet or cell connection. My concern was always that I'd have my phone setup with all these accounts, and then either loose it or forget to migrate them to a new phone or something. I ended up getting a Yubikey NEO, which allows me ...
by objectivefunction
Fri Sep 15, 2017 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Wiki article - Credit freeze
Replies: 36
Views: 4386

Re: Wiki article - Credit freeze

Not sure if it is worth noting that in some states placing a credit freeze is free. Also, if you are a victim of identity theft placing a freeze should be free.
by objectivefunction
Fri Sep 15, 2017 5:42 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 81
Views: 5647

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

Once bitcoin goes to zero I'll still have my private keys...I may frame them.
by objectivefunction
Thu Sep 14, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 81
Views: 5647

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

https://www.cnbc.com/2017/09/14/bitcoin-is-dropping-right-now-after-a-big-chinese-exchange-said-it-is-closing.html BTC China said in a tweet Thursday it will close down its operations by Sept. 30 as Chinese authorities crack down on cryptocurrencies Wondering if this is it the beginning of the end!...
by objectivefunction
Thu Sep 14, 2017 6:12 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

I can start a new blockchain without any cryptocurrency, while still gaining the advantages of a blockchain. What you're missing here is defining what "advantages of a blockchain" means. My contention is that what you think are advantages of a blockchain are actually advantages of the *bitcoin syst...
by objectivefunction
Wed Sep 13, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: Secure File Transfer
Replies: 6
Views: 413

Re: Secure File Transfer

https://send.firefox.com/ Encrypts the file in your browser using local javascript and a password you supply, then uploads it to Mozilla servers and creates a link. Provide the link and the password (ideally through different communication mediums) to the intended recipient. They click the link, pr...
by objectivefunction
Wed Sep 13, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: Secure File Transfer
Replies: 6
Views: 413

Secure File Transfer

I am needing to send an insurance claim via the Internet, and I don't want to send the data as an unencrypted e-mail attachment. I would be comfortable using PGP, but I think that would be too much to ask of the other side. I might even be willing to use google drive or something (even though it's n...
by objectivefunction
Wed Sep 13, 2017 5:19 am
Forum: Investing - Theory, News & General
Topic: Wiki article - Bitcoin
Replies: 37
Views: 3863

Re: Wiki article - Bitcoin

The warnings are targeted for new investors, so we need to keep the terminology easy to understand. "volatile" and "illiquid" won't be understood unless you already have some background in this area. Yes, that's reasonable! I think the warning should stay then. Most of the text is copied verbatim f...
by objectivefunction
Wed Sep 13, 2017 5:06 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

No cryptocurrency is required to make use of blockchain technology That's not true of Ethereum (it has a native ether currency) and I don't believe it is true of blockchain in general. I don't believe blockchain divorced from a native currency will ever work. The whole reason Bitcoin works is becau...
by objectivefunction
Tue Sep 12, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

On September 5, 2017, the Bank of Finland published a research discussion paper entitled "Monopoly without a monopolist: An economic analysis of the bitcoin payment system" (https://helda.helsinki.fi/bof/bitstream/handle/123456789/14912/BoF_DP_1727.pdf). Written by three authors (Gur Huberman, Jacob...
by objectivefunction
Tue Sep 12, 2017 9:48 am
Forum: Investing - Theory, News & General
Topic: Wiki article - Bitcoin
Replies: 37
Views: 3863

Re: Wiki article - Bitcoin

One could possibly see a situation in which a highly knowledgeable, very experienced investor with a large and otherwise well diversified portfolio of low cost index funds could make an carefully-reasoned argument in favor of a very small allocation - say, 1% - to a diversified basket of cryptocurr...
by objectivefunction
Fri Sep 08, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 165
Views: 9690

Re: Bitcoin in 3-fund indexed portfolio?

.. You probably aren't considering 'investing' in Canadian Dollars or British Pounds or Euros or whatever. .. I wanted to come back to this. Yes, you are right, I don't consider investing in other currencies. But why don't I? Or why don't most people? If you're coming from an indexing perspective i...
by objectivefunction
Fri Sep 08, 2017 4:19 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 165
Views: 9690

Re: Bitcoin in 3-fund indexed portfolio?

Thanks, I didn't know that. What, then, will be the incentive for people to donate processing power once the bitcoin reward is negligible? After all the bitcoins have been mined (which is expected to happen in about 2140) miners will get paid to add blocks to the blockchain via transaction fees. Ac...
by objectivefunction
Fri Sep 08, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Scanning Documents for Long Term Storage
Replies: 20
Views: 2016

Re: Scanning Documents for Long Term Storage

Once you have a clear timeline from a lawyer and/or CPA, you'll have a better idea how safe you need to keep them. I would not put them in "the cloud" unencrypted. You could put them on an external drive or thumb drive and store it in your house or a safe deposit box or something. If there is a minu...
by objectivefunction
Fri Sep 08, 2017 1:41 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8398

Re: If Ethereum was hacked then the creators edited the ledger, doesnt that mean...

So if 51% of the miners (by computer power) decide they'd rather see a different ledger and account balances they are free to create it? Frankly that doesn't sound very secure. At all... I don't have the exact numbers at hand, but it is not trivial to consolidate 51% of the bitcoin mining power. As...
by objectivefunction
Fri Sep 08, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8398

Re: If Ethereum was hacked then the creators edited the ledger, doesnt that mean...

No one really stole money from anyone. The DAO hacker could withdraw the money (as Ethereum Classic) they stole, but it is worth a lot less now because the price of Ethereum Classic has declined as compared to Ethereum. In an alternative history on the (official) Ethereum blockchain, the DAO never e...
by objectivefunction
Fri Sep 08, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: Robert Shiller on bitcoin & information cascades
Replies: 21
Views: 1805

Re: Robert Shiller on bitcoin & information cascades

Here's a "debate" between Shiller and Brian Kelly about whether Bitcoin is in a bubble.

https://www.cnbc.com/video/2017/09/06/t ... ubble.html
by objectivefunction
Fri Sep 08, 2017 6:35 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 165
Views: 9690

Re: Bitcoin in 3-fund indexed portfolio?

I like your response, thanks for chiming in. To follow up on the "buy the haystack" analogy, which I find useful, would Bitcoin be part of the haystack? What about Gold? Or does the total stock + US bond cover everything? I think the "buy the haystack" analogy as applied to cryptocurrencies would m...
by objectivefunction
Wed Sep 06, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 3399

Re: Bought crypto currency

everyone gets it... just you guys lol go read the news and catch up lol i share my findings caues im actually trying to CONTRIBUTE intellectually my findings and good information.... i am not doing it to seek validation from anyone . i am invested. I'm sorry to say that I don't think you are contri...
by objectivefunction
Wed Sep 06, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 3399

Re: Bought crypto currency

steadyeddy wrote:
Wed Sep 06, 2017 12:58 pm
I found this BCG paper helpful for understanding blockchain, some potential applications, and its constraints: https://www.bcg.com/blockchain/thinking ... locks.html
That's a good write up. Even though I think it gets some things wrong, it gets a lot of things right. Worth a read.
by objectivefunction
Wed Sep 06, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 8345

Re: When calculating net worth, how do you value your house?

I tend to care more about "investable assets," so I pay attention to savings accounts, retirement accounts, taxable accounts. I do track how much equity I have in my house by comparing the purchase price to the loan balance. I don't bother with trying to guess at my house's value. Occasionally I tak...
by objectivefunction
Wed Sep 06, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Wine in laptop
Replies: 33
Views: 2320

Re: Wine in laptop

Some laptops have a drain hole for if (or when) you spill liquid on the keyboard. I can't tell if the Spectre does, but even then you might still have to replace the keyboard even if the rest of the computer was protected from damage. I've replaced the keyboard on two different laptops myself, but I...
by objectivefunction
Wed Sep 06, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Bought crypto currency
Replies: 67
Views: 3399

Re: Bought crypto currency

The bottom line is long term world governments aren't going to tolerate competition with government issued currency and it's going to go away. Several countries have already banned it, several more are expected to shortly. It really seems like your trolling, but yet you're not a newly created accou...
by objectivefunction
Wed Sep 06, 2017 8:56 am
Forum: Investing - Theory, News & General
Topic: Robert Shiller on bitcoin & information cascades
Replies: 21
Views: 1805

Re: Robert Shiller on bitcoin & information cascades

Interesting. I'd like to read Irrational Exuberance, but have not. I think Shiller is right that the story around bitcoin matters. Though there's not just one story. There are as many stories as there are people. This is part of why I argue against people claiming that bitcoin is just for anarchists...
by objectivefunction
Tue Sep 05, 2017 4:16 pm
Forum: Investing - Theory, News & General
Topic: Three Centuries of Asset Returns, 1694-2015
Replies: 35
Views: 3988

Re: Three Centuries of Asset Returns, 1694-2015

Interesting discussion! Thanks for sharing.
by objectivefunction
Tue Sep 05, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Credit card and now gmail hacked - what to do?
Replies: 8
Views: 1260

Re: Credit card and now gmail hacked - what to do?

Is it possible that you logged into your gmail from a public computer, then forgot to log out?

I would think if someone compromised your gmail account they would have changed the password on you.
by objectivefunction
Tue Sep 05, 2017 9:08 am
Forum: Personal Consumer Issues
Topic: Has anyone purchased a car from Carvana.com?
Replies: 29
Views: 12658

Re: Has anyone purchased a car from Carvana.com?

Did you experience a distressing lack of communication from Carvana after you bought? This was my experience. However, it's now a year later and the car continues to run flawlessly. I would have preferred that I didn't have to keep pushing them to get things done, and it slightly biases me to not w...
by objectivefunction
Mon Sep 04, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: China drops the Hammer on Cryptocurrencies
Replies: 23
Views: 2899

Re: China drops the Hammer on Cryptocurrencies

Personally I think many ICOs (and many cryptocurrencies) are too scammy. I don't think I'd participate in an ICO. And the US hasn't been ignoring this. Arguably they made a move before China. In July of this year they issued a warning about ICOs (https://www.sec.gov/oiea/investor-alerts-and-bulletin...
by objectivefunction
Mon Sep 04, 2017 3:35 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8398

Re: [Bitcoin] question

CodeMaster wrote:
Mon Sep 04, 2017 11:53 am
john mcafees talk about bitcoin
https://www.youtube.com/watch?v=LzGmLDDE2Ss
I don't know how widely this is known (maybe it is but bears repeating): John McAfee is a crackpot, so I wouldn't base investment decisions on what he says.
by objectivefunction
Mon Sep 04, 2017 3:26 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

In the standard finance world, people don't have to worry about their money being taken by hackers, especially industry leaders in the field of banking, because transactions are reversible and identities are well known. Wrong. If your bank account is emptied because someone stole your credentials, ...
by objectivefunction
Sun Sep 03, 2017 1:45 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

Presumably at this point you are prepared to acknowledge that in an earlier thread you claimed that bitcoin volatility was not an issue , because at that point bitcoin had been less volatile than some other financial asset? It's quite possible you are not even aware that you are shifting your argum...
by objectivefunction
Sun Sep 03, 2017 7:08 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8398

Re: Bit Coin question

Also anyone know if your suppose to pay taxes on crypto currency profits? The IRS treats cryptocurrency as property. You are responsible for reporting a capital gain (or loss) from your cryptocurrency trades. Also, if you mine you report any mining rewards as income. https://www.irs.gov/pub/irs-dro...
by objectivefunction
Sat Sep 02, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 125
Views: 8398

Re: Bit Coin question

I don't see this happening right now. I see a bunch of banks trying to look like they are "with it", but nobody is actually using it for anything serious. Modern finance shifts 100s of billions in value daily without too many hiccups. Most frictions that are left are either because the problem is h...
by objectivefunction
Sat Sep 02, 2017 8:27 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

Isn't one of the biggest selling points of bitcoin that it doesn't require any trust? (except possibly that the underlying cryptographic and hash algorithms are mathematically sound) It minimizes trust, and a particular kind of trust. It removes the need to trust a third party to tell you how much ...
by objectivefunction
Fri Sep 01, 2017 5:44 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

If the LN protocol is not completed successfully, the inputs to the funding transaction can be spent more than once. See section 3.1.2 in the whitepaper. Other sources make informal claims that double-spending on LN is harder than double-spending on the main blockchain; I haven't found enough techn...
by objectivefunction
Thu Aug 31, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

The fees are as high as they need to be in order to make enough nodes willing to include the transaction in a block that can be validated in a reasonable amount of time (e.g., 30 minutes). If fees are too low, it's more profitable for miners to include fewer, or zero, transactions in a block, and t...
by objectivefunction
Thu Aug 31, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

There's actually more technical details to dig into than what is covered in the whitepaper. It appears there's been some work on specifications (https://github.com/lightningnetwork/lightning-rfc) and an implementation of a lightning network node (https://github.com/lightningnetwork/lnd).
by objectivefunction
Thu Aug 31, 2017 7:36 am
Forum: Investing - Theory, News & General
Topic: Ethereum (cryptocurrency) flash crash, 6/21/2017, $339->$0.10 in "seconds"
Replies: 30
Views: 4572

Re: Ethereum (cryptocurrency) flash crash, 6/21/2017, $339->$0.10 in "seconds"

I think the most complicated operation I'd ever see necessary would be a trailing stop loss limit I'd like to sell my stock, but only after it reaches x-y where x is the highest price it's reached in my orders lifetime, and y is an arbitrary offset, but I'd not like to sell it if it's dropped below...
by objectivefunction
Thu Aug 31, 2017 6:02 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

Having watched the video and read through the whitepaper it's coming back to me now. It's not really like a bank, because you're not giving custody of your money to some third party (at least not in a way that you cannot get it back). Lightning Networks make use of a feature that many people may not...
by objectivefunction
Wed Aug 30, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 208
Views: 23267

Re: What is Bitcoin?

:arrow: I only just learned how the bitcoin blockchain works, and now it seems that they have invented a completely different system for transferring money that does not use any kind of blockchain at all. I thought that the Blockchain was supposed to be greatest invention since the wheel, more impo...
by objectivefunction
Wed Aug 30, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: ICE, hybrid, Phev, electric for short trips
Replies: 36
Views: 1808

Re: ICE, hybrid, Phev, electric for short trips

If you go for a SV or SL (instead of the S) you also get things like a quick charge port, heat pump, and other niceties. Does both SV and SL 2014/+ model always have quick port? How important is DC fast charging for this use case. I assume it gets charge once/twice per week. Edit: I will read more ...
by objectivefunction
Tue Aug 29, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Has anyone purchased a car from Carvana.com?
Replies: 29
Views: 12658

Re: Has anyone purchased a car from Carvana.com?

I ended up buying a 2013 Nissan Leaf from Carvana. The process was pretty smooth except for having to have the title and registration corrected because it indicated the Leaf had a gas engine instead of an electric. I received the title in a timely manner, it was just incorrect. Carvana claimed that ...