Hey folks.. In case you weren't aware there was a Cryptocurrency conference in Vegas Recently...
Josh Garza of GAW miners was there and he posted a transcript of some points from his speech he made... Interesting points and such... If you are interested, you can take a look here..
https://hashtalk.org/topic/10264/ignore-them-and-innovate
Josh Garza of GAW miners was there and he posted a transcript of some points from his speech he made... Interesting points and such... If you are interested, you can take a look here..
https://hashtalk.org/topic/10264/ignore-them-and-innovate
While I'm no expert on the business model that is GAW, I do think the following thread is worth a look in:
https://bitcointalksearch.org/topic/gaw-zencloud-zenpool-hashlet-does-it-really-exist-always-make-money-720844
In particular, admitting that hashlets are merely virtual software sounds like a big ponzi scheme to me - "its financial instruments without regulation or transparency" according to a good friend of mine who was reselling GAW miners until he lost all faith in their business model and sold all of his substantial hashing power. Hopefully that person will come post here again soon about his experience.
Anyway, just wanting to check that all people have access to all information and potentially help out somebody in the process, that is all.
In regards to the article posted, I agree with most of its content, especially the part about Krugman being wrong about the interne. He has been smugly saying "I told you so" about Bitcoin and digital currency all the last month about it being some childish, libertarian fad. I think mass adoption is coming, and Dnotes is probably the first coin i've seen purposefully outline external community adoption as a main priority. I do digress though: For those who don't know, Paul Krugman is a Nobel Laureate who peddles economic theories that would find the logic in the following statement valid:
I have $50 and you have $0.
I pay you $50 to have lunch with me, your income is now $50.
You then pay me half or $25 of your $50 income to have lunch with you.
We can now spend $75 on lunch...
It is this precise reasoning that I consider much of mainstream economics a form of economic charlatanism.
Normally these theories are delivered to you via the news with reporters regurgitating the exact same logic above, albeit fancy dressed among fancy words like "aggregate demand", "circular flow" or the whole adage of "increased wages will mean higher demand, leading to growth boom!". This will often be accompanied by statements from economists that claim to not only understand, but predict the impossible - by mathematically modelling the evolving complexity of subjective human choices.
Maybe I'm missing something, I'm not at Paul Krugmans level after all. I can't wait til this website hits 1 million dollars:
http://krugmandebate.com/
The higher the value of the pot for this debate to occur, the more telling Krugman's silence will become. Oh dear, I went off topic! I think reading Krugman's name in that article really made my blood boil after having to read of his papers today to fill the blanks on a few hand ins. My apologies, life involves learning and reading much of what we don't necessarily agree with. I think I'll have to write a separate post tomorrow regarding the wider scope of the content in the article. I think the work at www.bitnation.co and all the blockchain 2.0 technology is going to be the most phenomenal revolution, and Dnotes is going to be very well poised to integrate into it.
There is some really great material and conference talks on youtube that I've been watching lately about the challenged digital currency faces with adoption. I plan to attend a conference in New Zealand at the end of November, where some real heavyweights like Jeff Berwick, Jeffrey Tucker and Andreas Antonopolous among others will be in attendance. I do plan on dishing out a few Dnotes to some of the famous faces there, perhaps even get a few placards / logos for them to hold for twitter posts etc!
http://nzconference.co.nz/bitcoinsouth2014/
Anyway, was hoping to get the thread rolling again. I think it's a great time to buy Dnotes. My dad recently purchased his first 100,000 and keeps talking about buying more.
