It's a competition, but you're right it could be better.
-
-
Replying to @DanielleFong @pnfigueiredo
As far as i know the problems or equations being solved have no relevance to any productivity or assist with any ongoing requirement , there just solved then discarded or have no purpose. Other than for the system to work. Has to be a better way than that but if it works for now
2 replies 1 retweet 0 likes -
Replying to @2050Andy @DanielleFong
Good on you for taking the steps to research it so early!
1 reply 1 retweet 2 likes -
I think you answered your own question, the system emerges from Proof of Work. You can say it’s costly — and I can tell you it’s nowhere near that comparison you mention above, but you have to evaluate it against the value it provides.
1 reply 1 retweet 1 like -
That said there are other consensus mechanisms. Proof of Stake is the most famous runner up, and Ethereum is transitioning soon.
2 replies 1 retweet 2 likes -
Seems unlikely bitcoin will transition anytime soon, as its bias against sudden changes in the protocol are part of its value proposition
1 reply 1 retweet 1 like -
On this subject I recommend you this interview: https://youtu.be/LnEik-n-yTM?t=669 …, especially the part between 11:09 and 14:42
2 replies 1 retweet 1 like -
Replying to @pnfigueiredo @2050Andy
I am supposedly a good investor -- I earned about 150% from 2010 - 2016, excited the market when it left the fundamentals, and, uh, this year peaked at an absurd 16,000,000% IRR. right now, due to my primarily PUT position, I'm at a measly >1000%...
1 reply 1 retweet 1 like -
Probably would have taken more $$ out near the top if I had not been rudely and unjustly confined buy someone who called the cops on me, but that's spilt milk, under the bridge...
2 replies 1 retweet 2 likes -
Replying to @DanielleFong @2050Andy
I have been following some of your trading and you have an absolutely incredible track record Danielle.
You’ve inspired me to do some reading on option trading.1 reply 1 retweet 2 likes
I think it's mainly a matter of recognising when you are in a unique situation. Yes, I invested in Amazon and Whole Foods before the merger, invested in Facebook at the trough, but 90% of my returns 2010-2016 came just because I met Elon in 2012 and realised he'd never give up!
-
-
Also, I trade my own money, which it turns out is a lot easier. I learned from the experience of the best!https://www.quora.com/How-well-is-Clarium-Capital-doing …
1 reply 1 retweet 1 like -
If anyone is serious about options trading, this is the bible. https://www.amazon.com/Dynamic-Hedging-Managing-Vanilla-Options-ebook-dp-B000UG9JQA/dp/B000UG9JQA/ref=mt_kindle?_encoding=UTF8&me=&qid= … Also, I strongly recommend, for your sanity, that you take a position that cannot turn into a margin call. This is why I favour puts over shorts - yes they can be worth nothing, and that's ok
2 replies 1 retweet 1 like - 4 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.