You will realize the significance level of the top 7 cryptocurrency if you look at this chart.
1. Bitcoin: BTC (Yellow dotted curve)
2. Ethereum: ETH (Blue dotted curve)
3. Litecoin: LTC (Aliceblue dotted curve)
4. Ripple: XMR (Orange dotted curve)
5. Cardano: ADA ( Brown dotted curve)
6. Stellar Lumen: XLM (Light green dotted curve)
7. Monero: XMR (Pink dotted curve)
This chart shows you the price of these 7 major crypto coins from September till now. If you look at the pink rectangle, you can realize how Ethereum(dark blue), Monero(pink), Litecoin(alice blue), Stellar(Light green) has higher price than bitcoin (yellow). But, they were not always higher, look during november, everything was less valued than bitcoin (yellow curve is at the top in Nov 2017). As Bitcoin’s price had an upward trend during the end of december, all the coin price also saw upward trend. But as Bitcoin’s price is going down, some coins are holding their value but some are losing their value. You can see, underneath the pink rectangle, falls the two coin Cardano(brown) and Ripple(Orange), these two coins are losing their value. However, Ripple had higher values in early January as you can see if you look at the last peak for all coins near Jan 2018. I never had too much confidence in Ripple as it somehow defeats the idea of crypto currency with its centralized feature (But who knows it may see light again if it can deliver its promises). Ultimately, money will flock to services which have higher utility and can gain trust.
So, these should give you some rough idea about the coin dynamics. A successful coin economy depends on how the market share or daily volume of trade is going on that coin landscape. It’s kind of similar to how Forex (Foreign Exchange market) market where currencies are traded moves, how US dollar influences Euro or Japanese Yen, or Chinese Renminbi, or Bangladeshi Taka. Hope you have an idea of evaluating crypto coins and their potential gains or losses over time and can make educated investment decisions. And I guess you can see how crypto exchange market is going to look like in future.
A talk from 2013 at TED(Technlogy, Entertainment and Design). Watch the talk, and think what is different in the talk in 2013 from what it is now in 2018 after nearly 5 years. Enjoy!
Around the time, I first heard about bitcoin and got mind blown when I realized it could potentially give birth to a global currency. I’m lucky to find the talk for you all again, while exploring the TED talks. Even though Bitcoin was born with the dream of being a global curerncy, however, now a days, it’s mainly being treated as a digital gold or asset where you invest your money with the hope for making profit. But when I knew about Bitcoin, I didn’t get excited by it’s profit-making ability, rather, I was excited by how a currency can be established without the authority of any government by simply using some mathematics, cryptography and algorithms. The beauty of mathematics and the power of internet mesmerized me in significant way and I started learning more. Since then, it has evolved so much, it has experienced so much, it’s been popularized all around the world, criminalized in countries, stolen, hacked and what not ! So, it may not turn into a currency. Who will buy his coffee today with 0.00036 BTC(~ 3 USD) which may be 360 USD (when 1 BTC ~ 1,000,000 USD) ? It sounds foolish. But trust me I have bought my dinner in an Indian restaurant named Khana Khazana in West Lafayette with bitcoin which will be worth more than that in 2020. I don’t regret it, because I didn’t care, what will be it’s value in future, rather that I and the fellow bitcoiners were more excited to be able to use bitcoin to buy our food. So, may be, not bitcoin, but some other crypto currency will be a global coin. Governments will now create their own crypto coin(https://www.cnbc.com/2017/11/30/cryptocurrency-craze-springboards-government-backed-coin.html). But however the future will be, it’s gonna be an interesting one in terms of how we will use our money. When something is exciting, you can always smell it when you play with it, and this video just reminded me of my memories. Hope when I am old, I can say to my grandchildren that I was part of a monetary revolution.
Sometimes I have a grim view towards life when I see the pain, selfishness and suffering everywhere. May be our suffering emerges from the simple view that we like to think ourselves as the center of universe. Some sufferings are truly unnecessary, unjust and should and will be eradicated. As every experience is subjective, it’s difficult to wrap your head around a lot of complex, sometimes narcissistic ideas. I personally am spiritual but sometimes can’t stand against the spiritual bullshits. So, I become hopeless when I am tired and feel to give up. But as long as kids from all color, race and background co-exist who are driven to change the world for everyone, I should not lose hope for humanity. Life can be better as long as we strive for it. Compassion and altruism is a win for you-win for others position, but selfishness is a win for you-loss for others position. It’s not very hard for me to choose between these two paths.
The World’s 50 Smartest Teenagers
And I’d probably change the headline of the article from “smartest” to “compassionate”. Coz human seems to be motivated to do phenomenal things when they see good purpose.
Let’s wish to be at the bottom half of the bowl.
“””More than 10 years after the peak of the 1990s dot-com bubble, a dozen or so new Internet companies like Facebook and Twitter are sparking controversy in Silicon Valley, due to their rapidly growing private market valuations, and even the occasional successful IPO. With scars from the heyday of Webvan and Pets.com still fresh in the investor psyche, people are asking, “Isn’t this just a dangerous new bubble?”
I, along with others, have been arguing the other side of the case. (I am co-founder and general partner of venture capital firm Andreessen-Horowitz, which has invested in Facebook, Groupon, Skype, Twitter, Zynga, and Foursquare, among others. I am also personally an investor in LinkedIn.) We believe that many of the prominent new Internet companies are building real, high-growth, high-margin, highly defensible businesses.Today’s stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies. Apple, for example, has a P/E ratio of around 15.2 — about the same as the broader stock market, despite Apple’s immense profitability and dominant market position (Apple in the last couple weeks became the biggest company in America, judged by market capitalization, surpassing Exxon Mobil). And, perhaps most telling, you can’t have a bubble when people are constantly screaming “Bubble!”
But too much of the debate is still around financial valuation, as opposed to the underlying intrinsic value of the best of Silicon Valley’s new companies. My own theory is that we are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy. “””
It’s 2018. The first book to try to formulate probability/chance was by Abraham de Moivre in exactly 300 years ago in 1718.
If you roll two dices, can you get two numbers that sum to 14? No. Coz the maximum number in each dice is 6. But can you get a number 11? Yes. That’s probable. How much probable? Can we measure? These are some basic probability that every science student learns in high school. But the underlying philosophy here is striking:
“Not everything is equally probable. Some are more likely than others. Some arguments, ideas are better than others, but based on some established ideas or agreed upon assumptions. How do we measure?”
What are your chances of waking up tomorrow? Is it 100%? What’s the chance that your relationship will last? Are these even measurable? What does it mean when you say I hope? Does that automatically translate into a highly probable future? Why don’t you get that million dollar lottery? Can you win some bucks at those Vegas gambling playing poker or blackjack? 😉 What’s your chance that you will win the game? It wasn’t that easy for mathematicians and statisticians to formulate what it really means by what’s probable,what’s expected in the world of uncertainty we live in and deal with. And in science, who doesn’t deal with some basic probability equations in their data.
I absolutely admire the talk by Dr. Ana at Lawrence Livermore National Lab on “Understanding the world through statistics.” who introduced me to this book.
“The best thing about being a statistician is that you get to play around everyone’s backyard.” – The great statistician John Tukey.
May be I can make a new phrase for CS programmer too..haha.
“The best thing about being a computer programmer is that you get to make toys for everyone.” LoL.
Basketball statistics and why Stephen Curry attempts more 3 point shots than 2 point shots:
Touch the sky
Once Upon a Dream
Let Me Go – I don’t wanna be your hero
I wanna grow old with you.
You Raise Me Up
Nothing’s gonna change my love for you.
Dancing in the dark
I’ll be here
Let it go
How far I will go
I wish I had realized this early in my life. I was reading this:
“If they have to be chased, then they don’t want you. And if they don’t want you, then you shouldn’t want them . As Maya Angelou says, “When people show you who they are, believe them the first time.”
If someone, be it potential friend, wife, business partner, is showing you that they would rather not get along with you, believe them. Be confident and live.””
I personally feel like literally everyone, at one point or other in their life, intensely feels the fear of being left out, be it in a broken relationship, be it rejected by a job interview, be it get fired, be it not being able to achieve something very desirable, be a friend mistreating, be your parents being horrible with you. The fear, the loneliness eats the soul, takes us to the darkest corner to hate living. I realize now it’s all for good ultimately. Being challenging and resilient truly takes time and you need to fail to learn. But boy, it’s so hard to keep your sanity sometimes.
“This cannot be said enough. Imagine you walked into a car dealership and the salesman told you he had a car for you. He says, “Well, it’s kinda old and beat up. It still runs, but it’s high on gas, there’s a few scratches on the paint, and I’m not sure how reliable it is.” Now, how much would you want to buy that car? You’d be out of there in a New York second and looking for something better in no time, I’m quite sure. Why? Because if the person selling you the car doesn’t even believe in the quality of the car, why should you?
This is exactly why you need to increase your confidence and self-esteem. If you don’t believe in what you are selling, then why should others? Confidence is attractive. If you believe you have something valuable to offer, so will others. The more you truly love yourself, the more convinced you’ll be that you will find right things for you. ” — From a pairedlife.com post
Realize what you can offer.