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  1. Frinys

    Secure Crypto Currency Wallet Creation Business.

    IDEA CRYPTO 
    Hardware wallets are extremely secure. I have no idea why you say otherwise. But, assuming that you are correct, your market will be highly educated people who understand why and how a hardware wallet is insecure. Those highly educated people will have the capacity of understanding basic...
  2. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    @AceVentures I need your expertise on Lukso. I've considered throwing in some eth, but before I do that there are some things I must understand. Personally, I found both the lightpaper and the whitepaper quite disappointing. Aside from introducing Lukso as a domain-specific blockchain, I...
  3. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I'm looking for an in-depth technical whitepaper. Something that is to the point (and printer-friendly). So far I've only found the 'Technical Lightpaper', do you know of any other resources like this, preferably a little longer?
  4. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I can only speculate. They have definitely discussed it internally. Very few other companies accept crypto payments, and Amazon has little to win by being early to the party. I think they are ready to implement a solution, but they chose to wait until more companies accept crypto. It would be a...
  5. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    It is an unpopular opinion, but voices like yours are important! Way too many forget that a huge crash may be waiting on the horizon. The way I see it is that crypto is here to stay forever. A crash may come, but we cannot know this. For all we know, that crash was the crash in 2017. Or it may...
  6. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    @Ocean Man's answer is really great, I don't have much more to add. Focus on what's interesting to you, no one is supposed to know everything. Heck, I've been interested in crypto for a long time, have written a master's thesis about blockchain tech, and even I'm confused a lot of times. But...
  7. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I think you judge yourself too hard for not understanding how it all works together. Unless you are planning to start a crypto business, you don't really need to know all of the details. Daily, when using the internet, we use protocols like TCP, HTTP, IP, TSL. To understand these protocols, we...
  8. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    No, this is like placing bets on UDP vs TCP. Both will succeed, but they will do two vastly different things. Nope. But that doesn't render PoW useless. Let me rephrase this once. If I own 51% of all coins in a PoS network and stake all those coins, I'm going to end up with 51% of the rewards...
  9. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Of course, the hashrate the hashrate takes time to return. But mining in America has seen a steep rise after the ban. The hardware requirements for PoS are low, but you can have a billion raspberry pis and still not be able to mine a fraction of an Ethereum. In Ethereums case, you need 32 ETH...
  10. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    This is absolutely correct. In fact, this is what Stacks does. Stacks' consensus mechanism is solely based on inheriting Bitcoin's security. Stacks miners send transactions on the Bitcoin network, and a verifiable random function selects one of these transactions. The owner of this transaction...
  11. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    PoS vs PoW There is a strong narrative against PoW these days. Mostly because of its (seemingly) high energy and environmental impact, which has been further built upon by Ethereum's switch to PoS. PoS is better than PoW in many ways, but it is not a complete replacement. PoW is highly...
  12. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    What do you define as rising? Bitcoin reached ATH approximately 7 - 8 months after the halving in 2016, and 6 - 7 months this run. It does make sense that the bull runs get stretched as Bitcoin becomes more and more popular. People are no longer dependent on Bitcoin-hype to hear about Bitcoin...
  13. Frinys

    Itching to quit my job now but should I wait for bonus?

    INTRO 
    It's okay to be frustrated, as long as one doesn't make it affect one's decisions. And it seems like you figured the right thing to do. Not quitting will also teach you how to discipline yourself, so that you get more done after work. And you will have money to experiment with marketing...
  14. Frinys

    Itching to quit my job now but should I wait for bonus?

    INTRO 
    I'm a developer myself, and I quit my full-time job 1.5 years after I graduated to focus on my own startup. These are my thoughts: The first months as a software engineer are exhausting. This is because you are in a constant state of learning. This diminishes over time. Right now, you should...
  15. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I see quantum computing as one of the biggest threats to Bitcoin. Quantum computing will break most of today's cryptography, which includes Public/Private key pairs. Currently, Bitcoin is uncompromised, which is quite impressive considering its peer-to-peer nature. No one has ever been able to...
  16. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    This is true. But we also have to remember that hindsight is 20/20. Those that sold in 2017 could very well have been the ones that were right. And the same is true for those that sell now. We simply don't know the future. Why do you think ETH 2.0 is going to have a huge effect on ETH prices...
  17. Frinys

    Tell Me I'm Wrong - Crypto Simplicity

    CRYPTO INVESTING HOT! 
    Let's say you take a $200,000 loan. What is the best case? Bitcoin goes up by another 400% and you're left with $600,000 in profit. That is a nice sum of money, but it's not life-changing. Not at all. What is the worst case? Someone finds a way to break SHA-256 encryption or a breakthrough...
  18. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Uninformed guy shares opinions based on zero knowledge and 100% feelings. Close your eyes, and you'll fail to see anything at all. This post is better. At least you explain why you think crypto is throwing us back to the stone age of trade. If you want an explanation, you should ask questions...
  19. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I should probably know this, but what is the definition of a light blockchain?
  20. Frinys

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    For all of you who are selling after a dip, or buying after a rally: You need a strategy. Do you know why DCA works? Because it is a well-defined strategy based on rules. You use X of your fiat to buy an asset, and you repeat this weekly, bi-weekly, or monthly, no matter what. And if you have...
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