Bitcoin (cryptocurrency)

Damocles said:
The Cryptocrank Index

A simple method for rating potentially revolutionary contributions to cryptocurrency.

Based on John Baez’s excellent Crackpot Index for physics.


  1. A -10 point starting handicap, because cryptocurrencies are new and confusing.

  2. 1 point for every statement that is widely agreed to be false.

  3. 2 points for every statement that is clearly vacuous.

  4. 3 points for every statement that is logically inconsistent.

  5. 5 points for each such statement that is adhered to despite careful correction.

  6. 5 points for each word in all capital letters which is not an acronym.

  7. 5 points for each mention of "Nakomoto," "Finey," or "Butterin."

  8. 5 points for each inclusion of “the unbanked,” “AI,” “IOT,” or “quantum-resistant.”

  9. 10 points for labeling any criticism as “spreading FUD.”

  10. 10 points for each claim that Proof-of-X is fundamentally misguided (without good evidence).

  11. 10 points for pointing out that you have a PhD, as if this were evidence of intelligence.

  12. 10 points for giving tax advice over Twitter.

  13. 10 points for beginning your whitepaper by bragging about how many other ICOs the team has done (10 more for bragging about how many the team’s advisors have done).

  14. 10 points for each new term you invent and use without properly defining it.

  15. 10 points for lauding your fervent adherence to Austrian economics in your whitepaper.

  16. 10 points for each statement along the lines of, "I'm not good at cryptography, but my theory is conceptually right, so all I need is for someone to write the code."

  17. 10 points for arguing that a blockchain is "open," as if this were somehow a point against it.

  18. 10 points for every retweet of your project by @officialmcafee.

  19. 10 points for each favorable comparison of yourself to Satoshi.

  20. 10 points for claiming that your work is on the cutting-edge of a "paradigm shift."

  21. 10 points for treating Bitcoin as if it were “old.”

  22. 10 points for bragging about who you know, not what you’ve done.

  23. 20 points for serving your project’s website without HTTPS or having an invalid or expired SSL certificate.

  24. 20 points for complaining about the cryptocrank index. (E.g., saying that it "suppresses original thinkers" or saying that I misspelled "Nakamoto" in item 8.)

  25. 20 points for pointing out that you have a Nobel Prize in Economics, as if this were evidence of relevant experience.

  26. 20 points for emailing your whitepaper to someone you don't know personally and asking them to tell everyone else to invest in it.

  27. 20 points for reacting to flaws/bugs in your code with vitriol on Twitter instead of patches.

  28. 20 points for suggesting that @VitalikButerin is your project’s advisor when all he did was take a selfie with you.

  29. 20 points for every use of cyberpunk concepts or words as if they were real.

  30. 20 points for naming something after yourself. (E.g., talking about the "Robinson Consensus" when your name happens to be Robinson.)

  31. 20 points for talking about how great your blockchain is, but never actually explaining it.

  32. 20 points for each use of the word "lambo."

  33. 30 points if you have a token but cannot explain its purpose.

  34. 30 points for having a whitepaper, website, Twitter, Telegram, etc. and no GitHub account.

  35. 30 points for using the word “distributed” to describe your AWS-hosted web application.

  36. 30 points for pointing out that you are rich, as if this were evidence of your worth.

  37. 30 points for suggesting that Satoshi, in his final emails, was groping his way towards the ideas you now advocate.

  38. 30 points for claiming that your blockchain was developed by the NSA (without good evidence).

  39. 30 points if you have an ICO just so you can hire an engineer to build your blockchain.

  40. 30 points for allusions to a delay in your work while you spent time on your ICO.

  41. 40 points for hiring booth babes at conventions.

  42. 40 points for calling those who argue against your ideas Nazis or shills.

  43. 40 points for claiming that the "blockchain establishment" is engaged in a "conspiracy" to prevent your project from gaining its well-deserved fame, or suchlike.

  44. 40 points for claiming that when your token is finally released, present-day blockchains will be seen for the shams they truly are. (30 more points for fantasizing about blog posts in which investors who mocked your whitepaper will be forced to recant.)

  45. 50 points for claiming you have a revolutionary blockchain but writing no code.
Click to expand...

Cool post guy
 
Well after a month of play trading in competition with one of my students we both made around 30% less any fees, so as absurd as I think it is i'm going to have a little dabble in Feb. I won't give any numbers but I will be honest at the end of the month as to % loss or gain. Will just trade Ripple on Bitstamp and I've already considered my initial stake a write off. So just for fun, and perhaps a lesson for those of you considering trying the same. I will have to fit it in with a tight work schedule so I'll basically be taking refuge in euros when I don't have time to actively trade.

I'll consider anything over 3% net as a win.
 
Gelsons Dad said:
Well after a month of play trading in competition with one of my students we both made around 30% less any fees, so as absurd as I think it is i'm going to have a little dabble in Feb. I won't give any numbers but I will be honest at the end of the month as to % loss or gain. Will just trade Ripple on Bitstamp and I've already considered my initial stake a write off. So just for fun, and perhaps a lesson for those of you considering trying the same. I will have to fit it in with a tight work schedule so I'll basically be taking refuge in euros when I don't have time to actively trade.

I'll consider anything over 3% net as a win.
Click to expand...


Just make sure you base your investment strategy on when the bird outside your office window flew off it's perch as I'm told that's the best indicator for crypto
 
andy1234uk said:
Just make sure you base your investment strategy on when the bird outside your office window flew off it's perch as I'm told that's the best indicator for crypto
Click to expand...
I can confirm this as being as good an indicator as anything else you may read.
 
How have I missed this thread?!

Been in the Crypto game for a while
(2014).

Anybody heard anything on Wanchain?????

Or is this a crypto bubble / fake money thread?

Anyone holding $ICX + $DRGN?


(hint: it's not)
 
hightimes said:
wanchain isn't that spectacularly different than others
https://wanchain.org/files/Wanchain-Whitepaper-EN-version.pdf
Click to expand...

It’s got a big following and Ive gotten texts asking about it for weeks so I’m gonna get a decent bag when it drops. I know it was considered one of the top 5 ICOs of ‘17.

The latest I’ve heard is that it’s not going to be cheap and tghat they know their value.

As far as the technical side of it, I’m not as proficient in that aspect. I trust the people in the game who are a lot smarter than I am. What’s your opinion? You staying away?

If you’re good with the technical side of what do you think about icon and/or dragonchain
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.