A major wake-up call for me in the crypto currency world was Gavin Andresen's ludicrous "validation" of Colin Wright as Satoshi.
When a so-called leader clearly does not even understand the basics you realise it's 98% shit. Sturgeon's law applies again. But I keep on forgetting that.
No, for the past half a year or so I've been trying to learn all I can about market microstructure, quantitative finance, anything that makes money off of high variance.
Because if there's one thing I will bet on, it's that there's a ton of risk and volatility here in these hills, and there's probably money to be made somehow while it all crashes and burns.
Then there's the second level bait - since there are all these suckers out there, surely money can be made by predicting them!
And then it's turtles all the way down. You won't know if you're a sucker or at the very top level until it all comes crashing down.
> But critics called Dr Wright's claim into doubt when it emerged that part of the evidence the entrepreneur presented in public could have been generated using a string of digits linked to a seven-year-old transaction made by Satoshi, accessible via a search engine.
"It was a mistake to agree to publish my post before I saw his - I assumed his post would simply be a signed message anybody could easily verify," Mr Andresen told security researcher Dan Kaminsky when he challenged the scientist over the matter.
Also
https://www.wired.com/2016/05/craig-wright-privately-proved-...
I'm out of the loop; do you have any good summaries of this incident?
Yowza.
I read through the whole exchange and kept thinking "How are they managing to be so polite, to these rank amateurs who show no respect?" I probably would have informed them of the flaw, informed them when I was publishing, informed of a suggested fix then piped all the rest to /dev/null.
I also positively love the use of "push it to the limit".
"Can you explain to me what you think I did wrong in my program? I can assure you everything is correct. Otherwise you're clearly drunk and out to get me."
> Did you receive the invite? We can also setup a chat with our ex-NSA post-Quantum hash function experts after we get the initial confusion out of the way.
hahahaha fuck me, this is good stuff.
Neha's "I'm going to stop responding now." should have come much earlier.
Which is the real "yowza" imho.
Being in the green just means you’ve convinced a critical mass of greedy, ignorant people that you’re a winner.
Let your fingers do the walking.
[Edit to add this plug for Zcash! Made with real cryptographers]