Jump to content
Search In
  • More options...
Find results that contain...
Find results in...

warriorscot

Member
  • Content Count

    16
  • Joined

  • Last visited

Reputation Activity

  1. Like
    warriorscot got a reaction from FakeATF in Next Crypto Crash? Thoughts?   
    You are linking the shift to POS from POW as a rationale for a crash, however that is a hypothesis that doesn't really hold water, or at least you haven't made an argument for it. That shift is from a pure fundamentals basis makes it more valuable not less as that change along with other elements results in better performance at the core function of Eth, which isn't actually the same as BTC. The reason Ethereum is valuable really has nothing to do with the fact you can mine it, it started off that way as a draw to get people into the network, but they don't need it and have largely given up on it(they could ditch increase the ASICs resistance and keep it PoW for another 2 years if they wanted to no real determinant).
     
    Will less miners hold eth, possibly, but not that many really do, once they reach a certain level many diversify out of Eth into BTC or other assets. I've got a good chunk of Eth building up, I think it's got good fundamentals, but mining wise if there is more profit elsewhere I won't mine it and probably won't go out of my way to get more that 1-2 Eth to hold as an asset. 
     
    As to what people will move to, there are other cryptos with other use cases that are mineable, some of them where the move to PoS system would never really work i.e. those where the work done is core part of the system value such as when it is compensation for work itself. And it could be Ethereum does something stupid or another crypto just does what it does better, there are certainly competitors to it, but none I would say other than addressing gas are better on their fundamentals and none of those have the legacy and adoption level of Ether thanks to it being first to market and having legacy.
     
    There are already some fairly close to Eth profitability Cortex isn't bad for example. 
     
    There may be another crypto crash, what happens at the BTC halving will be the strongest indicator of that. However it's worth looking at the fundamentals as any investment and the market at the moment has things going for it that it never had before i.e. institutional adoptions of BTC and corporate adoption of Ether into infrastructure, and that's in addition to the whole DeFi space which is itself pretty new. 
     
    I think unless we get massive growth in the next couple of months we at best might get a wobble, but for Ether and BTC in particular they are really only going to if anything level off at the moment. And long term BTC is now too much of an asset to go away so it's going to end up like any other asset and ebb and flow like any fixed supply asset. 
     
  2. Like
    warriorscot got a reaction from wkdpaul in Next Crypto Crash? Thoughts?   
    You are linking the shift to POS from POW as a rationale for a crash, however that is a hypothesis that doesn't really hold water, or at least you haven't made an argument for it. That shift is from a pure fundamentals basis makes it more valuable not less as that change along with other elements results in better performance at the core function of Eth, which isn't actually the same as BTC. The reason Ethereum is valuable really has nothing to do with the fact you can mine it, it started off that way as a draw to get people into the network, but they don't need it and have largely given up on it(they could ditch increase the ASICs resistance and keep it PoW for another 2 years if they wanted to no real determinant).
     
    Will less miners hold eth, possibly, but not that many really do, once they reach a certain level many diversify out of Eth into BTC or other assets. I've got a good chunk of Eth building up, I think it's got good fundamentals, but mining wise if there is more profit elsewhere I won't mine it and probably won't go out of my way to get more that 1-2 Eth to hold as an asset. 
     
    As to what people will move to, there are other cryptos with other use cases that are mineable, some of them where the move to PoS system would never really work i.e. those where the work done is core part of the system value such as when it is compensation for work itself. And it could be Ethereum does something stupid or another crypto just does what it does better, there are certainly competitors to it, but none I would say other than addressing gas are better on their fundamentals and none of those have the legacy and adoption level of Ether thanks to it being first to market and having legacy.
     
    There are already some fairly close to Eth profitability Cortex isn't bad for example. 
     
    There may be another crypto crash, what happens at the BTC halving will be the strongest indicator of that. However it's worth looking at the fundamentals as any investment and the market at the moment has things going for it that it never had before i.e. institutional adoptions of BTC and corporate adoption of Ether into infrastructure, and that's in addition to the whole DeFi space which is itself pretty new. 
     
    I think unless we get massive growth in the next couple of months we at best might get a wobble, but for Ether and BTC in particular they are really only going to if anything level off at the moment. And long term BTC is now too much of an asset to go away so it's going to end up like any other asset and ebb and flow like any fixed supply asset. 
     
  3. Agree
    warriorscot got a reaction from plurus in Mine Crypto Before It's Too Late! (SPONSORED)   
    Sure it could have been filmed then and by the date reference in it we know it definitely was, however it was posted today and surely good practice when you delay your videos this much is to do a final look to see if your sponsor that is historically a little shady hasn't done something wrong in the meantime. They also like I said could have hedged their bets with a more neutral piece, even after the hack if you lurk the crypto community nicehash has a bad reputation for things after the hack.
  4. Agree
    warriorscot got a reaction from Bensemus in Star Citizen studio accused by staff for making them work during Texas winter storm.   
    It's always possible that companies can lie, however there are a lot of developers going online and calling out Kotaku on this. Absolutely as a big company one team through one manager or lack of one could have heard a wrong or distorted message, in a crisis we all now understand how bad communication can get. However we can also see even from the Kotaku article the end result was the same for everyone i.e. nobody lost any PTO and they got supported where they needed it. 
     
    In the context of it being a pretty blatant attack piece the CIG comment looks off, however in the context of it being a standard response to an issue they've actually done ok on it does make sense i.e. your anonymous comments sound made up and we just aren't calling you on it. 
     
    Thing is there are loads of things to criticize CIG on, but employee relations isn't one of them, I know CIG devs and they've all said how great a place to work it is and that the don't have to crunch anymore like other studios do. I've also known people at Frontier for example which is making a similar game and has a good reputation, but the workplace is from the people I've known there totally toxic at times. 
  5. Like
    warriorscot got a reaction from leejacksonz in Mine Crypto Before It's Too Late! (SPONSORED)   
    Sure it could have been filmed then and by the date reference in it we know it definitely was, however it was posted today and surely good practice when you delay your videos this much is to do a final look to see if your sponsor that is historically a little shady hasn't done something wrong in the meantime. They also like I said could have hedged their bets with a more neutral piece, even after the hack if you lurk the crypto community nicehash has a bad reputation for things after the hack.
  6. Like
    warriorscot got a reaction from dogwitch in Mine Crypto Before It's Too Late! (SPONSORED)   
    Sure it could have been filmed then and by the date reference in it we know it definitely was, however it was posted today and surely good practice when you delay your videos this much is to do a final look to see if your sponsor that is historically a little shady hasn't done something wrong in the meantime. They also like I said could have hedged their bets with a more neutral piece, even after the hack if you lurk the crypto community nicehash has a bad reputation for things after the hack.
  7. Informative
    warriorscot got a reaction from Lurick in Star Citizen studio accused by staff for making them work during Texas winter storm.   
    It's always possible that companies can lie, however there are a lot of developers going online and calling out Kotaku on this. Absolutely as a big company one team through one manager or lack of one could have heard a wrong or distorted message, in a crisis we all now understand how bad communication can get. However we can also see even from the Kotaku article the end result was the same for everyone i.e. nobody lost any PTO and they got supported where they needed it. 
     
    In the context of it being a pretty blatant attack piece the CIG comment looks off, however in the context of it being a standard response to an issue they've actually done ok on it does make sense i.e. your anonymous comments sound made up and we just aren't calling you on it. 
     
    Thing is there are loads of things to criticize CIG on, but employee relations isn't one of them, I know CIG devs and they've all said how great a place to work it is and that the don't have to crunch anymore like other studios do. I've also known people at Frontier for example which is making a similar game and has a good reputation, but the workplace is from the people I've known there totally toxic at times. 
  8. Agree
    warriorscot got a reaction from Theguywhobea in What happens after the simulation and research papers? What about the vaccines/drugs?   
    A neater analogy is that the work being done is like someone writing a textbook and then people going off and using that knowledge. They may then profit from it, but so can everyone else.
     
    What you are discussing is largely a political issue locally, but all that same the data is public so any other company anywhere else in the world can then go on and create treatments etc that are then obviously available anywhere.
×