Anyone invested in bit coins?

xox

Joined Sep 8, 2017
936
Your sig: is that some pop-culture reference of which I am unaware? What's the significance of 2446, why the up/down count, and PRIME what?
When you run the program, it prints a 17,000+ digit prime number. It was discovered a few years back by an Italian researcher looking for primes constructed from simple forms. In this case, the concatenation of an increasing-then-decreasing sequence of integers. The number in question however is neither a "safe prime" nor a "strong prime", so not very useful for number-theoretic applications...
 

joeyd999

Joined Jun 6, 2011
6,435
When you run the program, it prints a 17,000+ digit prime number. It was discovered a few years back by an Italian researcher looking for primes constructed from simple forms. In this case, the concatenation of an increasing-then-decreasing sequence of integers. The number in question however is neither a "safe prime" nor a "strong prime", so not very useful for number-theoretic applications...
Is there a criteria for N such that the sequence produces a prime (aside from N=2446)?
 

joeyd999

Joined Jun 6, 2011
6,435
That's how you feel about the words but look them up - clearly listed as synonyms.
In this case, it thoroughly depends on the intended nuance for which the specific words were chosen.

Reread what I wrote in a religious context (the context in which many crypto buffs proselytize crypto) and it might make more sense to you.
 

joeyd999

Joined Jun 6, 2011
6,435
In this case, it thoroughly depends on the intended nuance for which the specific words were chosen.

Reread what I wrote in a religious context (the context in which many crypto buffs proselytize crypto) and it might make more sense to you.
BTW, crypto fans literally have faith in a burning bush.
 

nsaspook

Joined Aug 27, 2009
16,432
BTW, crypto fans literally have faith in a burning bush.
That and at least 4 billion to fuel the dumpster fire.
HighRightGelada-size_restricted.gif
https://fortune.com/2022/11/10/sam-bankman-fried-ftx-needs-4-billion-fast/
Bankman-Fried reportedly told investors on Wednesday evening that FTX is facing a shortfall of funds up to $8 billion and is in danger of bankruptcy if the company doesn’t receive at least $4 billion to stay solvent, according to separate reports from Bloomberg and the Financial Times. Bankman-Fried said FTX is willing to take the cash in whatever form it comes in, be it debt, equity, or a mixture of both.

Venture capital firm Sequoia Capital meanwhile told investors that it would be marking down its previous $214 million investment in FTX all the way down to zero after the bank run on the crypto exchangetriggered by Binance head Chengpeng Zhao’s liquidation of his $2 billion dollar position in the native token of the FTX exchange—put the company’s survival in doubt.
 

crutschow

Joined Mar 14, 2008
38,681
That and at least 4 billion to fuel the dumpster fire.
So FTX is collapsing.
Seems like Crypto Currency is all more or less a big (but legal) Ponzi scheme (a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors) , so my sympathy for anyone who loses money in it is rather limited.
 

nsaspook

Joined Aug 27, 2009
16,432
So FTX is collapsing.
Seems like Crypto Currency is all more or less a big (but legal) Ponzi scheme (a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors) , so my sympathy for anyone who loses money in it is rather limited.
It was just a "poor judgement call".
https://www.wsj.com/articles/ftx-ta...isky-bets-setting-up-its-downfall-11668093732
Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion, a person familiar with the matter said.
"He’s also vegan and drives a Toyota, so all is forgiven!"
 

MrSalts

Joined Apr 2, 2020
2,767
So FTX is collapsing.
Seems like Crypto Currency is all more or less a big (but legal) Ponzi scheme (a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors) , so my sympathy for anyone who loses money in it is rather limited.
Oh, not a Ponzi scheme! With crypto, the issue of transparency has been solved and that is the major benefit of crypto. This transparency is critical to avoiding meltdowns of companies like Lehman Brothers and FTX. Umm, wait. Did I just say FTX? Umm, they are a crypto trading exchange so, ... oh, I'm so confused. Could someone please explain so I can understand why I have stayed away and will continue to stay away from crypto?

Oh, and why were crypto traders so thrilled that crypto was not controlled or regulated by governments yesterday and now three interviewees on CNBC were crying that the US Government hasnt regulated crypto better.
 

nsaspook

Joined Aug 27, 2009
16,432
Oh, not a Ponzi scheme! With crypto, the issue of transparency has been solved and that is the major benefit of crypto. This transparency is critical to avoiding meltdowns of companies like Lehman Brothers and FTX. Umm, wait. Did I just say FTX? Umm, they are a crypto trading exchange so, ... oh, I'm so confused. Could someone please explain so I can understand why I have stayed away and will continue to stay away from crypto?

Oh, and why were crypto traders so thrilled that crypto was not controlled or regulated by governments yesterday and now three interviewees on CNBC were crying that the US Government hasnt regulated crypto better.
Why do you think this 'guy' was throwing cash at Capital Hill? Maybe it was to prevent government regulation, that hurt him.

https://www.politico.com/news/2022/11/10/crypto-megadonor-sam-bankman-fried-00066062
Crypto critics are urging lawmakers to tread lightly with industry power brokers.

“This is what happens when instead of doing robust public interest policy, you hitch your wagon to charismatic founder types who make a lot of promises they can’t ultimately deliver on,” said Americans for Financial Reform senior policy analyst Mark Hays. “Sam may be one of the biggest and clearest example of that kind of hubristic figure, but there have been many before him and will likely be many after him.”
https://www.coindesk.com/policy/202...-sam-bankman-fried-has-some-explaining-to-do/
Washington, D.C.’s Buddy Sam Bankman-Fried Has Some Explaining to Do

Sam Bankman-Fried trafficked in ubiquity. The CEO of FTX began infiltrating Washington, D.C., last year, selling cryptocurrency as an answer to financial problems in the U.S. And he never seemed to leave.
Last month, in the span of a few days, the man known as SBF appeared at no fewer than three major Washington events, with lawmakers, prominent bankers and financial academics in the audience. In the early days, his cheerful digital campaign was met with confusion and some low-grade hostility, but in recent months, his relentlessness was starting to bear fruit.
 

nsaspook

Joined Aug 27, 2009
16,432
Thank goodness the regulators was going after the real problems in Crypto instead of industry burners like FTX mishandling billions.

https://www.coindesk.com/policy/202...-ethereummax-promotion-was-a-gift-to-the-sec/
Social media and reality TV celebrity Kim Kardashian’s fine for promoting cryptocurrency ethereumMax (EMAX) was a “gift” to the Securities and Exchange Commission (SEC), said Lisa Braganca, former enforcement branch chief at the U.S. agency.
“The SEC is always looking for a way to get the message out to the public, and when somebody with the kind of following that Kim Kardashian has makes a blunder like this … that’s a layup for the SEC,” Braganca said on CoinDesk TV’s “First Mover” Tuesday.
 

joeyd999

Joined Jun 6, 2011
6,435
Seems like Crypto Currency is all more or less a big (but legal) Ponzi scheme...
Worse. It's the creation of "value" through the destruction of goods.

Normally, raw materials are transformed to create value. With crypto, raw materials are destroyed to create proof of destruction.

I love my daily cigar -- and I'm willing to pay for a good one. But I'm smart enough to know that a cigar will be worthless once it's smoked. Even if I have iron-clad proof that I smoked it.
 

xox

Joined Sep 8, 2017
936
That's how you feel about the words but look them up - clearly listed as synonyms.
Sometimes that's just how synonyms work, "loosely the same thing". Just look at the Wordnik definitions:

Trust: Firm belief in the integrity, ability, or character of a person or thing; confidence or reliance.

Faith: The assent of the mind to the truth of a proposition or statement for which there is not complete evidence; belief in general.
Definitely not the exact same meanings there...
 
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