BITCOIN

IvanOpinion

Malthusian said:

Angry_Bear said:

Data-mining is when massive amounts of digital information is analysed (using various clever techniques) for patterns, trends etc. to generate new information. I would speculate that secure availability of medical information is a major stumbling block in applying such techniques to research into treatment efficacy, and blockchain could potentially be considered as a solution.

Storing private medical data on a blockchain, "anonymised" or not, is a non-starter under the GDPR (EU or UK), as it violates the rule that data should be held only for a valid purpose and no longer than necessary. Data on a blockchain can never be deleted which immediately breaks that rule.

I think the GDPR argument is a bit of a red herring.  Several companies that I am aware of (including one I work for) are looking to use blockchain technology for several different medical scenarios.  It boils down to the argument that when technology can bring benefits then legislation will be amended to incorporate it (has happened many times before and will happen many times in the future).  I (personally) do not see GDPR as anything other than a minor issue that will be resolved when required.

Just this week, following contact from another poster, I was looking through various patents and was surprised at how many are looking to leverage blockchain technology including medical, energy/utilities, data warehousing, AI, gaming and many others - also not forgetting WEB3 which may also leverage blockchain technology.  These are all probably in their infancy, but still fascinating to watch as they evolve.

I am also sure that eventually we will end up with a valid cryptocurrency, but there are a lot of issues to iron out first.

Scottex99

mooneysaver said:

I'm a long term holder and I'll keep on holding, but let's be real. The Dev's words have no meaning anymore. Imminent doesn't mean anything, there have been multiple exchanges, interviews and projects announced, but never followed up upon. The roadmap has changed and changed and has barely ever been reached. The Dev's hype things up, just for it to fall flat or for it to slowly fade away until people forget about it.

Whatever happened to mandala, satoshi interview, tv interviews, papa's video, the 2 exchanges supposedly listing now, other exchanges teased, space integration stuff. There are plans for banking the unbanked, windmills, exchange, blockchain, IOT, PHOENIX and more, but they are still empty promises that are yet to have any information or substance behind them. I'm not saying they won't happen, but these are all things that were mostly worked on by a team who claimed they were working on a once in a lifetime project that is the next evolution of crypto and a Godsend blessing to all of us, yet all but one of them left the project. The devs claim to be transparent, but they really aren't. If December ends up being a flop and the big reveal is something stupid then I will start to get worried.

Ok. I'm done ranting. Here's to hoping Safemoon really is the next big thing. Oh and before you flame me as only the Safemoon army can, I'm just trying to have a conversation. I'm still in green and quite happy with my investment so far. I'm just worried about this project which I care about so much.

 This feels like some weird trolling, haha.

Use the other thread that I made. People wont care about SAFEMOON there either but nobody cares about it in this one which is for BTC.

Why do you care about it? Because number go up? If you're still in profit, sell down half the bag and forget about it. And buy something decent

bugbyte_2

I think GDPR is a big deal when it comes to sensitive information - look at the fuss earlier on in the year when the government tried to sell NHS data.

I agree we will end up with a valid cryptocurrency, but as paper and coins only make up a tiny % of any Fiat maybe we already have one minus the blockchain, and a blockchain ledger to record transactions will be incorporated over time.  

Blockchain itself and its uses are genuinely fascinating, and I can see why tokens / coins have been important in its development. What I don't get is the idea that if you hold tokens / coins you will somehow benefit from a yet to be discovered future use. I can't see why a data mining company, for example, would buy up all of the available tokens of some alt coin making the holders of the coins rich beyond their imagination. They just wouldn't - they would develop their own blockchain.

Bitcoin is a bit different with El Salvador adopting it but even then I don't get it as the official currency of El Salvador has been pegged since 2001 to the US Dollar, so it is hardly a hedge against hyper inflation.

User232002

Aegis said:

So why continue to post in a crypto thread repeating to everyone that you don't get it? Just leave and go talk about your next IPO with people that care about it.

I had a long reply, but the forum ate it, so instead I'll focus here.  Why do I post?  Because I want people to think about the risks associated with making an investment.  If they fully understand the risks, there's nothing stopping them from deciding that the reward to risk ratio is acceptable for them.  Without contrary opinions like mine, you can end up with an echo chamber that just has people talking about the mammoth returns available without once thinking about where those returns are coming from or any analogies to gambling.

Don't tell me to leave.  You aren't in any position to do so, and while this forum continues to be, in my view, poisoned by crypto bros, I'll continue to provide an alternative view.  I have no intention of going anywhere.

So you value contrary opinions, but not ones you disagree with. Got it.

Thrugelmir said:

silvercue said:

But then Gold has no real value other than the value we attribute to it.  There are similarities to be drawn there, yet gold has not collapsed (yet).  

Various industrial uses for gold include:

• Electronics and electronic components
• Computers, memory chips
• Dental fillings
• Medical treatments
• Space vehicles, space circuitry (conductor, connector, mechanical lubricant)
• Glass production

Ah, yes. As the gold bugs love to point out; Gold is valuable because its been used for 5000 years. And we all know about the famous Mesopotamia moon mission and dental industry.

Aegis

darren232002 said:

Aegis said:

So why continue to post in a crypto thread repeating to everyone that you don't get it? Just leave and go talk about your next IPO with people that care about it.

I had a long reply, but the forum ate it, so instead I'll focus here.  Why do I post?  Because I want people to think about the risks associated with making an investment.  If they fully understand the risks, there's nothing stopping them from deciding that the reward to risk ratio is acceptable for them.  Without contrary opinions like mine, you can end up with an echo chamber that just has people talking about the mammoth returns available without once thinking about where those returns are coming from or any analogies to gambling.

Don't tell me to leave.  You aren't in any position to do so, and while this forum continues to be, in my view, poisoned by crypto bros, I'll continue to provide an alternative view.  I have no intention of going anywhere.

So you value contrary opinions, but not ones you disagree with. Got it.

Doesn't sound like you're interested at all in reasonable discussion.  Got it.

User232002

I would think pointing out your hypocrisy is a pretty reasonable point.

Malthusian

IvanOpinion said:

I think the GDPR argument is a bit of a red herring.  Several companies that I am aware of (including one I work for) are looking to use blockchain technology for several different medical scenarios.  It boils down to the argument that when technology can bring benefits then legislation will be amended to incorporate it (has happened many times before and will happen many times in the future).  I (personally) do not see GDPR as anything other than a minor issue that will be resolved when required.

Governments aren't going to chuck out data protection regulations until blockchain comes up with a problem to solve. A big enough problem for which blockchain is a good enough solution that it merits reversing decades of progress in formalising individual ownership rights over personal data. So we go back to the same old problem. There isn't one. Or rather we haven't found one despite 12 years of desperate searching by bros who believe that when they find the problem, number go up and 40-foot gold catamaran.

Anyway, as I said in the original post, it is a red herring - because even if a use for blockchain is invented that overcomes these problems, the medical research firms will simply generate their own tokens to power it at near-zero cost, not pay some bros more than they paid for some existing tokens.

Aegis

darren232002 said:

I would think pointing out your hypocrisy is a pretty reasonable point.

I'll leave it to others to judge, as I don't value your opinion on the matter at all.

User232002

So first my opinion wasn't reasonable and that's why you weren't interested in discussion. And now, you don't value my opinion at all. Which is it? Perhaps conveniently the latter because you've conceded it was a reasonable point to make... 

You're continuing to post in a Bitcoin thread portraying yourself as someone who values contrary opinions whilst simultaneously dismissing anyone pro-crypto as 'poisoning the forum.' 

Imagine poisoning an investment forum by attempting to talk about the best performing investment of the last decade... 

Aegis

darren232002 said:

So first my opinion wasn't reasonable and that's why you weren't interested in discussion. And now, you don't value my opinion at all. Which is it? Perhaps conveniently the latter because you've conceded it was a reasonable point to make... 

You're continuing to post in a Bitcoin thread portraying yourself as someone who values contrary opinions whilst simultaneously dismissing anyone pro-crypto as 'poisoning the forum.' 

Imagine poisoning an investment forum by attempting to talk about the best performing investment of the last decade... 

I see you don't understand subtlety, so let me be explicit: I am not interested in talking to you any more.  Thanks.