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Showing 5 of 5 results by AxiomSupport
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Topic
Board Mining (Altcoins)
Re: GPU Mining in Texas Heat - 112 degrees - No AC!
by
AxiomSupport
on 18/07/2018, 02:49:24 UTC
In a house, I think as long as you're able to evacuate the heat without pulling too much hot air back into the house, they'll be safe.  Mining with ASICs in a warehouse (with 107F outside temp) still allows for "cool" air to be pulled through, while dumping the hot air outside.  GPUs might need a little help, though.  A makeup air system works best, in this kind of situation.  107F cooled down to 85F or so, is all you need. 
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO][BOUNTY] Bithemoth Exchange - An All Encompassing Exchange Platform!
by
AxiomSupport
on 23/06/2018, 00:32:03 UTC
Very impressive. Hardware Wallets, Debit Cards, Marketplace and much more.
This is not only an exchange, it includes many more features which will make it the 1st choice for many people.
Looking forward to see it in action.
Post
Topic
Board Beginners & Help
Re: Ponzi or pyramid scheme
by
AxiomSupport
on 02/06/2018, 18:55:08 UTC
You have received great replies above.

Now I would like to give you something to think about:

Some people say that all cryptocurrencies are a ponzy or pyramid scheme.
The reason they give is that the more people buy the cryptocurrency, the price goes higher and the early adopters can profit by dumping at a higher price.

It makes sense until you think that the same thing happens with the real state market, fiat currencies and almost any existing product on earth.

Any thoughts?
Post
Topic
Board Economics
Re: The economics of free things.
by
AxiomSupport
on 02/06/2018, 15:21:19 UTC
Day to day people don't have access to stocks or derivative markets for example, and that helps to increase the gap between the rich and the poor(which in turn requires the intervention of the aforementioned central authority).


First post and its a spam with nonsense. Way to go.

Economy of free things? What is the relationship of this topic to Bitcoin or crypto currency digital transaction? Ideology or not, it is none issue on Crypto currency Digital transaction. A decentralized digital transaction, no control from any government is never correlate to the supply and demand of commodities in which vital for one economy of every country. The nature of investment in BITCOIN or Crypto mainly touch the aspect of Buying and Selling of the said project with no involvement of basic commodities.

I believe the post was in reference to token economics and the perceived value of things we get for free, not only in terms of price but also in terms of our attachment to things that we have obtained in exchange for nothing. It, in simple and vernacular language, tries to explain the value of tokens as a way to bridge the wealth gap that currently exist in the world. Additionally it ends with a question that opens up the debate on how we can try to monetise this concept. So not only does it have a lot to do with bitcoin, but its one of the basic ideas in which its distribution was based initially, of course this is just my interpretation and AxiomSupport will actually have to comment on it. It is cool if you don't get it though, not everyone can extract the core idea of simple texts easily and that is perfectly fine, maybe stick to being so annoyingly self righteous though, you seem to be good at that.

Thank you this is quite on point, I try to explain how cryptocurrencies allow people to invest in the underlying asset directly instead of through a stock that represent s portion of the system, and how things like airdrops are a very interesting tool to help day to day people achieve financial independence. I tried through that example to show how the economics of free things which are usually viwed in a negative light can now be viewed in a different light, one of empowerment instead of entitlement, an you are very right in saying this is how bitcoins tarted! bitcoin give way for tweeting about it!
Post
Topic
Board Economics
The economics of free things.
by
AxiomSupport
on 02/06/2018, 09:26:26 UTC
There is, and has been, a misconception about the economics of free things for a long while now, this movement or ideology started from the premise of government hand-outs to the least economically developed citizens. When we do talk about the economics of free things(which is rarely) we usually associate it with the idea that it involves a regulatory central agency distributing the wealth amongst its people.  However when it come to the free market this type of leniency is not available at all. Day to day people don't have access to stocks or derivative markets for example, and that helps to increase the gap between the rich and the poor(which in turn requires the intervention of the aforementioned central authority).
New technologies however provide an opportunity for this gap to be closed. When a technology is in its infancy the interest for its development and widespread adoption from the creators is big enough to try and exchange portions of the value of their product for market depth. Put in other words and in regards to token economics, ICO's are so desperate for the widespread use and adoption of their product that they will literally give away portions of the participation of their product, in the form of tokens, in exchange for network effects and market depth. We now have an interesting concept formed from this: airdrops and the difficulty that this companies are going to have to achieve their  desired market depth.
The question then is:
How could some profit from the economy of free things, and what would the reaction to this opportunity, by the general public, be?