3 Burst results for "Andreas Santana Poulos"
"andreas santana poulos" Discussed on Unconfirmed: Insights and Analysis From the Top Minds in Crypto
"Back to my conversation with Andreas Santana Poulos. What's your opinion on a theory of two point Oh and house taking will change interest in eighth as money. I think if theory. Has Been Migrating towards proof mistake for very long time, and that's one of the reasons why criticizing this proof of work system doesn't really make sense because. It's just an interim system i. don't know weather proof of stake really makes the theorem better money i. still think that some of the design trade offs required to run smart contracts platform that make either a utility token for the explicit purpose of being used as gas to meet her the execution of smart contracts. All these things involves some pretty fundamental design trade offs, which in my mind don't make hear him primarily sound money It can have the function of money also just like gasoline can yeah, sure you primarily use it, put it in your car, but you could build on on the ground thousand gallon tank and use that to barter and the apocalypse. But that. Might be and some people are I'm sure hoarding gas or being. That doesn't make those things money. Even though they have value. So. And again. I have a similar opposite impression of Bitcoin, which is that Bitcoin isn't a good platform for smart contracts and that's a good thing because it was never meant to be and should try to be because everything that it does the be sound money kind of undermines instability to be as far contracts by form and vice versa, and these compromises serve a purpose. These offs serve a purpose I've talked about this extensively. In a video I called the lion, the shark where I describe these types of diversion pollution where you have a crypto currency or blockchain that is an apex Predator within its own domain of applications, just like the lion as a Apex Predator in the Savannah, and the Shark is an apex, Predator, the ocean and kind of comparing them or trying to apply the framing assumptions of one on the other doesn't make sense..
"andreas santana poulos" Discussed on On The Media
"Author of digital gold bitcoin in the inside story of the misfits and millionaire's trying to reinvent money says it's part of a utopian vision to protect the value of the money from incompetent corrupt or simply desperate governments. This idea really harked back to the idea of the gold standard, which took a lot of power away from governments to issue as much currency as they wanted bitcoin provided this alternative of an asset that you could hold digitally without having to have it under your mattress. And that at least seem to hold the promise that it would keep its value better than the peso or whatever local currency was that was doing delaying away. It's an ingenious way to limit the money supply, but only one approach to digital money at the moment. There were well over two thousand crypto currencies from number. To a theory to Gholam zipper, and Hello Tinkerbell pixie coin each representing a different user need or economic ideology. Bitcoin constitutes about half the world's crypto value, but there were more than eighty billion dollars worth of rival denominations, fifteen of which are worth at least a billion dollars Nihon Honda Rula. So holders of bitcoin often feel like they're buying into this vision of money that isn't controlled by government. The can't be inflated away where no one can stop you from making payments and no one can take your wealth away from you. There's a crypto currency for pretty much any field or topic you could think of. There's dente coin a crypto currency for dentists. There's Jesus coin. There's an art project that came from someone who is a former student at MIT Tetsuo coin, which is about sort of claiming your sins, you purchase currency in order to absolve yourself of your sins. Basically, we're seeing all these different ways for. People to buy into a future that they believe in by becoming a holder of this coin. Everyone views currencies is differentiated by its full Sophy of money materials, Vinay Gupta who previously coordinated the launch of a theory, the take the false of money, the implemented code, and then the ship into the world people like it, they buy and if they don't ignore it. So which belief, system choices, correct. I don't know which religion is correct? Yes. The technology is mind boggling across the board. But once again, like Mesopotamia, temples or tinker bell. It comes down to faith or even schisms, like the one that split the Catholic Orthodox churches and the world of bitcoin. They're called folks like when one part of the community chose to follow a new set of protocols called bitcoin cash and another stayed put. Likewise, there is a theory and a theory classic bitcoin evangelist Andrea Santana poulos which fork to follow, which is the chain that matters, which one will keep its value. No one can tell you that because the point is matters is the one that you Chiesa validate. There is no objective truth. There. Empirical some checked-in truth with policies to rename agreed. Put that in your this is not a pipe and smoke it all the sect salted denominations. All the expressions of faith have in common is the desire for something utopian inefficient monetary system, free of interference middlemen and fraud, which forces us to look at the dystopia other side of the bitcoin for one thing. These currencies conceived for stability happen.
"andreas santana poulos" Discussed on CRYPTO 101
"I think that's honestly where I'd start was another part of that question. I blacked out. The other part of the question is, do recommend running a master node opposed to save running a four node or mining or staking. So as to the other part of your question about, you know, mining staking or master nodes, prove work mining. I mean, I think master nodes are like a no brainer. I mean, staking your ROI depending on the project is like between five and twenty percent. A lot of these projects to like a lot of the value. I mean, they're already one hundred million billion dollar market cap. So when you improve work mining, I mean to be competitive in the space, you have to have access to Lowell. Electricity costs. Tom talked about hardware and Colocation and finding these pools, and then you have these master nodes, which are these like relatively unknown, super low cap projects that are giving you an ROI much higher than twenty percent. And what's interesting too is when we go to a lot of these investor conferences and these meet ups, and you know, we're talking to like some of the bigger players in the space. They're they're, they don't even know about master notes yet. I mean, everybody's just been kind of like astronauts, whatever. It's just kind of scammy you know, but that's like where we wanna be. Yeah, I think that before hopping into master notes, I think you really want to understand the very basic fundamentals of like token economies like you. I do think you want to build up to that point. Like it took me a while as a crypto trader to really understand what I was even looking at. So let's say, once you make a decision for whatever project you wanna get involved with, run it through the full set of do. Silence you do with every other project, you know, and then you just have that next extra step, which is, what do I need to do ever wise to actually set up this investment, which is the master node. And so I think really the easiest way to host the master note. First time is definitely gin or John Terry them and it's, you know, it's a fairly easy process so I would start there and I think you know the other thing is I think people like aren't comfortable enough with exchanges in sending coins back and forth and that that all takes practice. So I, you know, I would really learn all that stuff. I, I was Xavi don't wanna do your own research. Just create a Twitter account and follow a lot of the dog names on there. The dog guys have a lot of good good trading. But I think just having. This is when you guys drop the mic and say, yeah, those anonymous Jin guys are actually us because you've been plugging more than even block steak. I know. I know. And it's just it's. Yeah, it's a quality project that I think is really one of the front runners in the space. I mean. Yeah, I don't know what else. So it's It's not. not not not us. Yeah, we own a lot of it though. Yeah, full disclosure, I could tell. Even wanna be those guys probably bought better. She'll something. I guess what we're headed. It's what we're at it Zilkha silica like coin. Yeah, yeah. I mean, women all messages. Who do you guys respect in the Crispell crypto space? If you guys are gonna fall people on Twitter or just figure out who's going to. If somebody if this person tweets, this person says something, who are you paying attention to? I'm on just shout. That's the migrant, Andrea Santana poulos I cannot say enough. Good things. I'm sure that's like the most cliche answer. He's a big gin hold. No, I'm kidding. Entree us really got me. He explained what this was, what blockchain, the power of blockchain, the power of bitcoin, the power of like the censorship resistant, decentralized networks..