Topic: rpietila Altcoin Observer - page 61. (Read 387491 times)

I agree. His criticism can be very useful. But the whole "I know the solution, and I'm not telling you!" shtick gets a bit tiring when nothing ever comes of it.

Reality check is important part of life and Anonymint is doing outstanding job.

Anonymint has a tendency to go around and criticize everyone's work, while dropping thinly veiled hints that he has the solution. Without ever providing that solution.

I think he also thinks Bitcoin is a joke.

If it can't scale it might as well not exist.

He doesn't think it can scale to the transaction volumes he'd like to see. Of course, in his view, neither can Bitcoin.

Please, If someone can just make a short update.. I'm following thread from the start but can't recall when/why AnonyMint thinks Monero is a joke.. Thanks.

Wow! I graduated in Electronics Engineering, does it mean that I am smarter than you guys?     

I'm a Philosophy major with an MBA and I agree with this wholeheartedly.

that sounds like a bumpersticker.


China is an interesting case.  Say what you will about the CCP, they are pragmatic about retaining power.  Increasingly, the leadership is composed overwhelmingly of engineers.  In part this is because China pushes the best and brightest into engineering.  In part it is because engineers know how to get things done.  Evidently they are not sufficently good at deciding (or enforcing) what should be done, however.

My own institutionalized training was in physics, mathematics, computer science, and philosophy (in increasing order of institutional credit).  Finance is my current application domain, chosen because it offers value leverage.  I have found much of the value-add in my career to derive from the synthesis of ideas from mathematics and philosophy, subject to a process framework which is defined by the methodologies of physics and computer science, which are very closely allied to engineering principles and practices.  While the leading threads of economic - at least econometric - and financial theory provide fodder and content for data-driven semantic software, they provide little to no methodology or process.



 

Wealth preservation is the art of allocating between the least-shitty alternatives.

Good point.
Such views as the one below should certainly be avoided

I think this is pretty key. Being objective enough to recognize a likely successor and have sufficient lack of emotional attachment to switch horses before it's too late is a rare skill.

People that don't get emotionally attached to their investments have a very big advantage. Cognitive dissonance kills portfolios.

Not saying that this is relevant right now. But who knows what the landscape will look like a year from now.

There is not even 1 mln. users in Bitcoin yet. A Bitcoin user probably averages 10 Bitcoin addresses, if you count all the exchanges with a few satoshi left and all the other occasions a new address is used, 10 addresses per user is a safe number to assume, could be more than that.

I have the opinion on lawyers and doctors, both of whom I know a lot (last Saturday I was testifying a marriage of one with the other), that a capable engineer could do the work of both of them in today's world. Engineers are just more adaptive, due to their work being grounded in real world instead of doctrines.

As for finance, everybody knows already that engineers do it better than keynesians.

I have finished economics major in a university of technology, yet do not have a degree. This is a combo that allows infiltration to many circles (esp. if only 1 or 2 of the facts are emphasized)  

Note that in my prior linked post about Gold, the rush to anonymity and avoid socialism-gone-mad taxation won't really kick into high gear until after 2015.75 at least.

Thus most of the network effects between now and then need to come from some other feature(s).


I believe you have only chosen wisely if you are prepared to sell Monero at the right time and buy something better. Apparently which is what you did with Bitcoin, selling some to buy Monero. And remember I told you that Bitcoin price would not reach those wild projections you were making for 2014 and that the Bitcoin adoption curve is log-logistic not logistic.

Bitcoin is failing (to scale to ubiquity) because it is not decentralized. Heck languishing below 10 million users, it is not even Yahoo Geocities, much less friendster, myspace or Facebook.

Sorry but imo Monero is a joke pretending to be serious. (apologies not a nice thing to say but I don't mean it personally rather I just don't see it scaling to even 1 million users before 2016). And I am not criticizing the seriousness and capabilities of its development team, rather even the most expert and most serious can't overcome the wrong paradigm, e.g. Nokia had the great engineers but look what happened.

P.S. Rpietila told me to buy BTC < $10 and I didn't, but this is because I was not in a speculative position at that time. I was in a crisis management position in my life. So please let's not conflate.

What about law? Law is a social science but quite useful, and the mindset of a lawyer can be handy.

"the CFOs that I meet with RARELY have any degree in economics, finance, or banking. More often than not, they went to school for engineering. Degrees in social sciences are worthless for the student are simply taught “opinion” of the teacher – not factual hard-evidence."

This is just so true. Engineering is invaluable if you want to make sense of the world surrounding you. When I employ people in any higher level position, it is practically a must. (Not the paper but the mindset).

Finland used to have highest % of engineering students (25% of college) compared to USA lowest (7%). Well currently both are doing really bad but that's not for the lack of capable people, it's just the unwillingness to let the rule.

I made a couple of Big Picture posts about gold and crypto-currency:

https://bitcointalksearch.org/topic/m.8621544

https://bitcointalksearch.org/topic/m.8617863

Risto thanks for the 2 BTC. It came in handy for an emergency I had this Labor Day weekend. So I am able to continue to share my research efforts.

It is network effect now, and also after 1 year from now. TV ads could just blow air to the bubble, and there is no need for them if the coin is solid.

Actually I've been thinking what was the reason that Monero has garnered the support from such many "powerful voluntaryists". This sounds cynical, but I believe a great reason is that with every other coin, the devs are in control, and the investors have to submit. With Monero, the devs collectively hold only the amount that keeps them interested now, and makes them rich in the future, but do not hold sway.

We as rich people know how to develop an ecosystem. With every other coin, really, the incentive is not there. Buying tokens from a pimple-faced IPOist, no thank you. But Monero - buy as many as you want from liquid, open markets. Then go on to make services. Freedom. I appreciate.

I am very satisfied that I found Monero (read: it was introduced to me by several people) early on to have the time to evaluate it, accumulate it, and see that my initial calculation that all my friends would likewise to be interested in it holds. Long term is it still very much of a buy, if you have seen all the development, especially the lining up of the people mentioned. You may think that they may come and go, but I know that they are in with 0.1%-10% of their stash, which is so small that they don't care to sell unless they decide it is over with Monero. It is also so small that they can buy the current market cap several times over if they get more interested (and this is what I am seeing).

Surely other type of people find some other coin more suitable to their needs. But this time that Monero has existed, has seen a slaughtering of many alts, and Monero has just prospered.

I believe I have chosen wisely. Not only when buying bitcoins at $3 but also with buying moneros at the same price.

I wouldnt be expecting any TV advertising any time until after crypto as a whole as gone main stream already. Which means by then most coins will have died off and a select few will have garnered the majority of the crypto space market cap.