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Showing 20 of 65 results by Edward Finney
When we have access to new technologies or a chance to change for the better. We have to explore the avenue. We are better to explore cryptocurrency rather than AI technology in my eyes. Cryptocurrency has real world implications. So many people the world over could benfit from this. We are building robots but yet some people in the world dont have access to s bank account or internet. Please can we walk before we can run?
Re: There will be a global cryptocurrency, but not bitcoin says EX Goldman Sachs
Gray Cohn, former president of Goldman Sachs and also former chief economic advisor to US President Donald Trump. Cohn believes that world will have global cryptocurrency in future but it will not be a Bitcoin. Cohn told on CNBC on May 8th Squawk interview.
The future will have simpler global cryptocurrency
In an interview with Squawk on the Street, the former president of Goldman Sachs, Gray Cohn said,
I'm not a big believer in bitcoin. I am a believer in blockchain technology. I do think we will have a global cryptocurrency at some point where the world understands it and it's not based on mining costs or cost of electricity or things like that.
Even after a rapid growth in bitcoin there are several issues like it price volatility, high transaction volumes. Accordingly, the Cohns believes that global cryptocurrency in the future will be simplest and easier to understand compared to Bitcoin.
He said,
It will probably have some blockchain technology behind it, but it will be much more easily understood how its created, how it moves and how people can use it.
Furthermore, he thinks that the global cryptocurrency in the future will not be on mining costs or electricity cost. However, Bitcoin mining is completely depending on miners system to solves hashes in return to get rewards via PoW protocol. In last October, bitcoin mining required 56 million kilowatt-hours of electricity per day at an expense of $6.7 million.
On the note, Cohn was asked about the Goldman Sachs recent reports like it is offering Bitcoin contracts and aiming to open a trading desk. He replied, Goldman Sachs must consider only the best interests of their shareholders. Later on, he also mentioned saying that he owns no share in Goldman Sachs.
Additionally, he said about his March departure from the Trump administration, that he was considering running a regulated bank, but in digitized world.
I do have an idea for a company. It would be an interesting concept playing on the knowledge I know from the banking world.
Simultaneously, bitcoin price is floating towards the mark of $10,000, still many believes and hopes that bitcoin will hit the heights.
Also Read here: Goldman Sachs Predicts a Global Cryptocurrency Other Than Bitcoin
Do you think there will be other global cryptocurrency in the future? Let us know in Twitter and Telegram.
The future will have simpler global cryptocurrency
In an interview with Squawk on the Street, the former president of Goldman Sachs, Gray Cohn said,
I'm not a big believer in bitcoin. I am a believer in blockchain technology. I do think we will have a global cryptocurrency at some point where the world understands it and it's not based on mining costs or cost of electricity or things like that.
Even after a rapid growth in bitcoin there are several issues like it price volatility, high transaction volumes. Accordingly, the Cohns believes that global cryptocurrency in the future will be simplest and easier to understand compared to Bitcoin.
He said,
It will probably have some blockchain technology behind it, but it will be much more easily understood how its created, how it moves and how people can use it.
Furthermore, he thinks that the global cryptocurrency in the future will not be on mining costs or electricity cost. However, Bitcoin mining is completely depending on miners system to solves hashes in return to get rewards via PoW protocol. In last October, bitcoin mining required 56 million kilowatt-hours of electricity per day at an expense of $6.7 million.
On the note, Cohn was asked about the Goldman Sachs recent reports like it is offering Bitcoin contracts and aiming to open a trading desk. He replied, Goldman Sachs must consider only the best interests of their shareholders. Later on, he also mentioned saying that he owns no share in Goldman Sachs.
Additionally, he said about his March departure from the Trump administration, that he was considering running a regulated bank, but in digitized world.
I do have an idea for a company. It would be an interesting concept playing on the knowledge I know from the banking world.
Simultaneously, bitcoin price is floating towards the mark of $10,000, still many believes and hopes that bitcoin will hit the heights.
Also Read here: Goldman Sachs Predicts a Global Cryptocurrency Other Than Bitcoin
Do you think there will be other global cryptocurrency in the future? Let us know in Twitter and Telegram.
Historically speaking there is allot of evidence supporting this theory but my thing is BTC was the first digital scarce asset, it also grown organically without a 3rd party so its not a security so I can see how or why there would be a mass exodus to a competing project, a project that could be clamped down on the the securities exchange commission
This has all been planned for years. Its just scary to see the countries getting picked off one by one. if you have never listened to the interview given by Genral Wesley clark over a decade ago it will send shivers down your spine. Ill link it below for everyone.
https://www.youtube.com/watch?v=9RC1Mepk_Sw
https://www.youtube.com/watch?v=9RC1Mepk_Sw
I hold 3 coins espers-(3 years),insane-(2 years),html - (5 years) 
and price is the same....no moon ....I dont trust to holding anymore,any suggestions?
and price is the same....no moon ....I dont trust to holding anymore,any suggestions?Holding is probably bullshit if you hold lower quality coins. I think holding coins in the top 10 are pretty safe plays. Having an exit strategy is also important too. My mistake when I first started was holding for too long. The initial strategy of holding done me well but you need to know when to sell or have a target at least!
I've been keeping up with Bitcoin and investing for the past year, and Im wondering if anyone thinks it will drop back down to 6 - 6.5k in the upcoming months?
I've read a lot of projections and there is a mixed consensus but several "vets" agree it's due for a big drop.
What does everyone think?
I've read a lot of projections and there is a mixed consensus but several "vets" agree it's due for a big drop.
What does everyone think?
Id say im bearish short to medium term. I don't think the correction is over to be honest. Still allot of weak hands in the market from the highs we saw in January. I think a drop below 6k is needed to flush them out to see a new cycle come into play. The market seems to be in limbo at the moment.
Site CoinMarketCap, one of the most popular cryptocurrency market data sites for now, has now released its first mobile app.
The release was on Tuesday, which is currently only available for iOS users and will appear as the site marks its fifth anniversary since it was launched in 2013. CoinMarketCap has also listed some prices for hundreds of coins and tokens as well as trading volume data for various forms of exchange. This site has also become one of the most visited sites in the world, and ranked 174th in Alexa global rankings.
The release was on Tuesday, which is currently only available for iOS users and will appear as the site marks its fifth anniversary since it was launched in 2013. CoinMarketCap has also listed some prices for hundreds of coins and tokens as well as trading volume data for various forms of exchange. This site has also become one of the most visited sites in the world, and ranked 174th in Alexa global rankings.
No way, ill be downloading this right away. I think coinmarketcap have a huge opportunity to become a proactive leader within the space. The make crazy money from advertisements at the moment but I feel they could be so much more. They should start a news channel or something, think about how much traffic they get!
The cryptocurrency market consists of altcoins. Bitcoin is certainly a key figure in this game, but the altcoins are the future!
When will they start acting independently of bitcoin? At the moment they always rise and fall when bitcoin rises and falls. There isn't much independent growth from what I can tell at the moment. What will be the trigger that will make projects act independently? Is it just a sign of the ecosystem being undeveloped?
Re: Difference between paying for a flight with bitcoins and using a credit card ...
I have used cheapair.com for all of my flight purchases for years. I live internationally, buy international tickets all the time. No problems with cheapair paying with bitcoins.
I just bought a ticket for my girlfriend here in Thailand on kiwi.com because the only flights available on cheapair were $4k+ while the one I found on kiwi were $1500.
I actually bought the ticket a few weeks ago but when I went to print it out for her visa I saw that they never booked the flight sending her e-mails about verifying my payment.
I booked it again. I had to send them a copy of my passport, then a selfie. Then they e-mailed me with a phone number to call. I called the number and they verified more information, and now I have to wait for a third party service to get back to me to see if I'm ever so lucky to have the transaction go through.
I hate when I go from bitcoin back into the stone age of legacy finance. Everyone needs to just catch up already.
I just bought a ticket for my girlfriend here in Thailand on kiwi.com because the only flights available on cheapair were $4k+ while the one I found on kiwi were $1500.
I actually bought the ticket a few weeks ago but when I went to print it out for her visa I saw that they never booked the flight sending her e-mails about verifying my payment.
I booked it again. I had to send them a copy of my passport, then a selfie. Then they e-mailed me with a phone number to call. I called the number and they verified more information, and now I have to wait for a third party service to get back to me to see if I'm ever so lucky to have the transaction go through.
I hate when I go from bitcoin back into the stone age of legacy finance. Everyone needs to just catch up already.
ID say the main difference is the flight will end up costing you a hell of allot more when you look back in 5 years. Airlines in Korea are accepting crypto though! South Korea in general has amazing infrastructure to use your crypto in general. They are being very proactive
Hi everyone, I've been around for a while now..
I've seen a lot of posts positive and negative about Ethereum.
At the moment I am holding Bitcoins, but I have invested in some Ether as well.
Now I am wondering, what are legitimate concerns about Ether (except for IPO, as I've already read this in a lot of posts).
So can anyone bring real other issues to the table, to enlighten me (and maybe a lot of other readers?)
Thanks!
I've seen a lot of posts positive and negative about Ethereum.
At the moment I am holding Bitcoins, but I have invested in some Ether as well.
Now I am wondering, what are legitimate concerns about Ether (except for IPO, as I've already read this in a lot of posts).
So can anyone bring real other issues to the table, to enlighten me (and maybe a lot of other readers?)
Thanks!
I do think if you go off the howie test ethereum could be classed as a security. It had an ICO so contained a joint investment and in vitalic buterin has a 3rd party promoter. So the SEC will probably look into it. I think the howie test in very outdated though so I think ETH due to how early it came about will be safe from a regulation crackdown
to be a currency or a means of payment i think it takes a lot of support from the government. with many using bitcoin i guess fluctuations seem to be no problem, like the dollar index i think fluctuates too
I'm not too sure bitcoins fluctuations rely to heavily on the acceptance of governments. I think BTC in its essence is outside of the current financial system, this is not to say that it can be a success without institutions because on ramps and off ramps are vital but I can see the price reaching 100k without the influx or approval of major governments. It has a real use and value if you look past the bad publicity. Once at 100k I think the price will stabilise enough to be a decent alternative currency.
Long term I would place my chips on bitcoin. I think the safety factor isn't my main reason. I think btc is an asset,
I also think the bitcoin as a new form of gold theory also carries weight. With it being pretty much un-hackable, limited in supply and way more fungible than gold. it also has the advantage of being able to be used as a currency one the price volatility subsides. Its also the worlds first ever crypto currency and true digital asset which I think is something not to be overlooked especially as the millennial generation reach their prime years!
I also think the bitcoin as a new form of gold theory also carries weight. With it being pretty much un-hackable, limited in supply and way more fungible than gold. it also has the advantage of being able to be used as a currency one the price volatility subsides. Its also the worlds first ever crypto currency and true digital asset which I think is something not to be overlooked especially as the millennial generation reach their prime years!
"I don't know what weapons WW3 will be fought with but WW4 will be fought with s
"I don't know what weapons WW3 will be fought with but WW4 will be fought with sticks and stones"
Famous quote from Albert Einstein that constantly rings in my head from all of the worldwide unrest. So many wold thought leaders have expressed this same concern. Yet all the rhetoric keeps coming. People have attributed the last 60 years of relative peace towards the fact every major nation is armed to the teeth with nuclear weapons but I think this is a very very dangerous assumption to make. Its all ok until it isn't and the consequences of a global war with nukes game over and im not sure we will have the leaders in office to understand this. Especially when so many make decisions based on ego.
Famous quote from Albert Einstein that constantly rings in my head from all of the worldwide unrest. So many wold thought leaders have expressed this same concern. Yet all the rhetoric keeps coming. People have attributed the last 60 years of relative peace towards the fact every major nation is armed to the teeth with nuclear weapons but I think this is a very very dangerous assumption to make. Its all ok until it isn't and the consequences of a global war with nukes game over and im not sure we will have the leaders in office to understand this. Especially when so many make decisions based on ego.
Its true that technology has taken us to that point where we can even think of impossible but there are many counter-effects that human race is facing after this advancement in technology ...... wars , global warming , terrorism , time for family etc ........ Do u really think that technology is hurting us more than benefiting us 
?
?I think one of the main concerns for people in terms of technological advancements is the power it could give to the individual, destructive power that it. They say with moors law the speed of advancement increases by 2x. The same can be said for an individuals power to destroy the world, it is increasing at an equivalent pace. What happens when you can print guns in your bedroom or create a killer virus in your bedroom?
This is very pessimistic but constantly advancing technologically can have great dangers.
Albert Einstein said "I don't know what weapons WW3 will be fought with but WW4 will be fought with sticks and stones"
Re: I've just been introduced to cryptocurrency; please help me learn better.
Bitcoin is a layer of trust placed on top of the internet. The internet promised to decentralise everything but we quickly learnt that this was the quickest was to loose money of get scammed. So enter 3rd party intermediaries to act as an artificial layer of trust. These are the online banks, pay pals, ebays and amazons of the world. With bitcoin and decentralised crypto we have to opportunity to do peer to peer deals with people over the internet without a 3rd party overseeing all transactions and having the ability to close accounts at will
For me Local bitcoins is the quickest but that comes with a slightly less overall return. Transferring from coinbase to my account in the UK via a SEPA transfer can take up to 7 days which is way too long if the money is needed. But I would recommend local bitcoins for sure
Re: World War III could start in Syria's crowded skies.
I think the Middle East in general is a flashpoint for a potential world war. The rhetoric coming out of Washington, Riyadh, Moscow is very reminiscent of the Cold War era. I have my doubts about the recent syria attack. At first aim was under the impression that this would be all out war but the strikes seem to have done little damage. I wonder if this was to unnerve the North Korean leader? The attack of syria just didn't make any sense and general matis for the USA knows all about Saudi funding of isis to take down assad. I don't think all is as it seems
Re: MAJOR Crypto Influencers Caught Planning Massive Pump And Dump Schemes
https://steemit.com/cryptocurrency/@cryptomedication/bravadogroup-and-several-other-major-crypto-influencers-caught-planning-massive-pump-and-dump-schemes
This is huge. This is what greedy whales look like and why I don't think people were being unnecessarily paranoid when they were calling out whales.
Just one example, the link has A LOT of screenshots:
"
Crypto Signals: But we probably won't start doing any sort of manipulation until bigger exchanges.
Ivan S. (CryptoGat): ill throw in 1 or 2 btc
Ivan S. (CryptoGat): Manipulation is not a good word to be throwing around lol.
Peripheral: Market making* (sweat emoji)
Peripheral: I'm interested though
"
What do you think?
This is huge. This is what greedy whales look like and why I don't think people were being unnecessarily paranoid when they were calling out whales.
Just one example, the link has A LOT of screenshots:
"
Crypto Signals: But we probably won't start doing any sort of manipulation until bigger exchanges.
Ivan S. (CryptoGat): ill throw in 1 or 2 btc
Ivan S. (CryptoGat): Manipulation is not a good word to be throwing around lol.
Peripheral: Market making* (sweat emoji)
Peripheral: I'm interested though
"
What do you think?
Jeez I was under the impression that it was big financial institutions or high valued individuals doing all of the market manipulation not trusted influencers. I guess with all the money sloshing around its irresistible to even the most trusted of voices. I think this is another case of where some form of oversight or regulation is needed. There is absolute blatant market manipulation going on daily
Money is one of the important concepts, This section talks about money from the perspective of microeconomics.when people exchange goods and services without using money, this is called barter. "I'll cook dinner if you'll do the dishes" is an example of barter. Imagine an economy in wich i can sell services as a consultant to banks, but what i want is to buy a new suit. the clothing store that sell suits does not have any use for my services as a banking consultant. i sell consulting services for money, and i buy a suit using money. money serves as a medium of exchange. the bank does not sell suits. how can barter work?
I think this is one of the biggest potential use cases for crypto, the barter economy. Once lightning, plasma, sharding, raiden and all of the other scaling solutions are implemented resource sharing like what Filecoin are trying to do will become allot more common place and I can see a future where I will trade some cpu power for maybe some extra file storage space.
That would put in at only 15/20% below its all time highs, all time highs it captured when the overall market cap was at $800 billion dollars. Now do I see the overall market cap coming close to 800billion in the next month...no not really. Maybe at the end of summer when the regulatory clarity is found. Then I can see it. Rest assured though ethereum will undoubtedly reach its former highs. I can feel that the sentiment surrounding crypto on a macro scale is starting to feel quite positive