What happened last week full of crypto and AI knowledge Dropping on you right now. Every week I will combine some of my favorite posts I made thought out the week just incase you missed them they will be in one place, each will be named differently and I will use 2-4 bots to boost it.
Last week I wrote about AI and our future how the cryptocurrency craze is and might be a bubble and how STEEM is a glimpse of how AI content can become. Plus STEEM hitting $100! Go get some coffee so you can enjoy this museum of work, you might learn something new.
"Don’t believe the hype about AI in business - We are not there yet"
To borrow a punch line from the amazing Duke professor Dan Ariely,
artificial intelligence is like teenage sex:
“Everyone talks about it, nobody really knows how to do it, everyone thinks everyone else is doing it, so everyone claims they are doing it.”
Even though AI systems can now learn a game and beat champions within hours, they are hard to apply to business applications. Implementing an AI is much more insane and its not like the movie transcendence with Johnny Depp.
Its not like adapting a blockchain like Spotify has planning on doing.
Elon Musk also created a somewhat AI to beat a DOTA 2 Champ. But to implement the simpler idea to a business so it can have an advantage on other business is yet to be announced.
"Tokyo Whale Dumping 160K + Bitcoin Moron / MTGOX is coming back to haunt us."
“Large holders sold at a high price driving the price down on the back of FUD about the 'Tokyo Whale' about to dump 160k more Bitcoin because he's been recklessly selling using market orders."
All of this turned out to be complete bullshit as I or any one could have suspected. Someone else was dumping and manipulating in this way. Once you start an avalanche there's no way to control it.
MTGOX is coming back to haunt us.
With all the recent news of IRS TAX bullshit, to the regulations and etc. You would think the price would still hold or even go much higher, you knew considering we want a decentralized currency.
Now why in the hell would it be going down you say? Well it is very simple the massive whales buying into it have and had no idea what it really was they just saw dollar signs and bam jumped the wagon.
Of course we all want profit but if you have no idea what it was meant for shame on you.
"Just look Beyond the Bitcoin Bubble"
Bitcoin yes, it’s driven by greed — but the mania for cryptocurrency could wind up building something much more important than wealth. Just you wait when it hits 100k.
‘The Bitcoin bubble may ultimately turn out to be a distraction from the true significance of the blockchain.’ We do not know it yet but the blockchain technology is what we are after
This is what most do not understand ‘We’re not trying to replace the U.S. government. It’s not meant to be a real currency; it’s meant to be a pseudo-currency inside this world.’ We as tech nerds know better than to see it just as it sounds, which is not just a currency but a means of transporting raw data.
"$300M in Gold Falls From Sky After Hatch Blows Open - Russia must be pissed More like An Ocean's 11 ordeal"
While catching up on some of my reading I catch an article on a plan losing over $300 Million in precious metals and diamonds, Just a little more than three tons of gold bars fell from the sky in Russia Thursday after the hatch of a cargo plane flew open, Russian officials stated earlier today.
The plan was fully loaded with gold, platinum and diamonds and was taking off from the east Siberian city of Yakutsk when a door malfunctioned, causing more than $300 million of precious metal to plummet to the ground below, according to the Tass news agency. This must be an outrageous amount of cheese and I would think it was a more or less Oceans 11 ordeal.
Well here is my crew to get some of that GOLD!
The above photo is a joke but I can already see crews being created for some booty hunting.
In all seriousness though losing over $300 Million in precious metals and diamonds must be a real buzz kill, especially going into the weekend.
"Well there you have it folks Bad news for bitcoin miners as it's no longer profitable ( STEEM to $100)"
Bitcoin and its crypto-partner coins have dropped to a point where it's not that profitable to produce, according to some estimates.
Here are some bullets and thoughts for you
"Bitcoin currently trades essentially at the break-even cost of mining a bitcoin, currently at $8,038 based on a mining model developed by our data science team," Fundstrat's Thomas Lee said in a report Thursday.
"In some cases the miners may simply turn off the machines until the price comes back a bit," said Shone Anstey, co-founder and president of Blockchain Intelligence Group. Right now, "it's got to be getting to the point that some of them may be losing money." This is more likely hell arn't we going to see bitcoin moon to $100,000?
Miners' earnings have roughly halved this month from December due to a surge of interest in bitcoin mining, as measured by hashrate, according to Charlie Hayter, CEO of industry data site CryptoCompare.
I am pretty sure you have also read or heard about Google banning crypto ads , Bitcoin prices slammed as the news spread around my thoughts is google and facebook are scared of decentralized competition. You know since we have @dtube, and this wonderful place.
Come to think of it STEEM blockchain's offers multiple platforms that competes to google and facebook. So my question is are you ready for Steem to hit over $100?
Every week I will combine some of my favorite posts I made thought out the week just incase you missed them they will be in one place, each will be named differently and I will use 2-4 bots to boost it.