WiliestBuckeye's picture

WiliestBuckeye


Columbus, Ohio (via Columbus, Ohio)

Member since 18 May 2012 | Blog

Favorites

  • SPORTS MOMENT: 2002-2003 NCG Ohio State vs. Miami. We threw a party that evening and the whole house shook on multiple occasions from all the cheering.
  • COLLEGE FOOTBALL PLAYER: Braxton Miller
  • COLLEGE BASKETBALL PLAYER: Aaron Craft
  • NFL TEAM: Cleveland Browns
  • NBA TEAM: Cleveland Cavaliers
  • MLB TEAM: Cleveland Indians

Recent Activity

Comment 20 Jan 2018

OSU is up to #11 in the KenPom rankings now. Top 15 seems reasonable come Monday. 

Comment 19 Jan 2018

I believe South Korea accounts for 40% of the volume in the entire space. Their prices for cryptos are 20% higher than anywhere else in the world due to the sheer demand. In the crypto world they kinda are the big boy at this point. 

Comment 19 Jan 2018

Ok, I think I see what you mean now. Cryptocurrencies are not an application of blockchain technology, they are a part of the package, it does not make any sense to remove them. You can, and many currently are, build things on top of the blockchain, like you said, but its not an either or proposition with respect to the cryptocurrency. You have to build your other layer on top of the base layer of the blockchain + token. Also, different cryptocurrencies can have different properties, depending on the needs of its network. Utility tokens, Security tokens, Identity tokens, Membership tokens, etc. Though you can easily make your own generic token with nothing unique about it, as you also said. In fact, for those in the Columbus area, there is an Ethereum meetup that is supposed to happen sometime in February where they are going to create and experiment with a "Columbus" token. The token will be worthless for all intents and purposes, but it might be a fun experience to meet people in the space, learn more about this stuff, and see first hand how these things can be created.

I agree with your sentiment that there is a lot of mal-investment in the space though. People are blindly investing significant sums (at least for them) in more popular alternative coins that are under a dollar a piece hoping that it becomes the next bitcoin without understanding the concept of a market cap, much less what the coin is trying to do. 

I do think, however, there is some fundamental value to bitcoin, it just gets masked by the speculative "get-rich-quick" mentality that is prevalent in the space right now. There are some interesting projects set to come on line within the next few months that should curb, or maybe even solve outright,  the liquidity problem in the space as well. 

I think we both agree on this point-

The  big takeaway from this thread should be: Be careful if you want to invest in the space. Read and understand everything you can about a project before deciding what and how much you are willing to invest. Be prepared for an extremely bumpy ride.  

Comment 24 Dec 2017

Actually, this is not accurate. Every blockchain has a network token (cryptocurrency) that gets passed back and forth to facilitate the recording of the transaction. Without the network token, the blockchain cannot record anything to the ledger. Rather than thinking of them being in a road and vehicle relationship, think of the network token as the gas that powers the vehicle. As you might have guessed from here, the blockchain and its network token exist on the same base layer, with various interesting platforms and applications capable of being built on top of them. 

This is actually a very common misunderstanding, many people like to separate the 2 because of the mis-information campaign the banks are running against bitcoin, where they do the same. 

Comment 21 Dec 2017

Actually,  a lot of major companies are already experimenting with the technology. Here is a list of companies in the Ethereum Enterprise Alliance, which are working on projects within the Ethereum ecosystem as we speak:

https://entethalliance.org/members/

Many more are interested and have partnered with other cryptocurrency projects, or are working on their own private blockchain systems. 

Comment 19 Dec 2017

 My friend and I actually started a cryptocurrency business  together this summer. I would advise people to learn about them before investing in them. You should never invest in something you do not understand, but, I'm not going to lie, cryptocurrencies are unapologetically complex.They are also part of the future human society we will be slowly transitioning towards over the next 10-30 years, so understanding them is pretty important, imo. In order to get a handle on what  cryptocurrencies are you have to understand a few things as a prerequisite:

1. What is the internet and how does the internet work? What is the Client-Server Model? What is Centralization? What are internet protocols? (TCP/IP, SMTP, HTTP, etc.)

2. What is Money? What is Monetary Policy? What are the key differences between Kaynesian vs. Austrian Macroeconomic Theory?What does the history of money look like?

3. What is the Equity-Shareholder Model of Business? How do Stocks work? What is Forex Trading? What is a commodity? 

4. What is 'Wall Street"? What functions does Wall Street perform for society? 

5. What is Cryptography? What is a Hash Function? What are cryptographic keys? 

After you have a decent understanding of all these topics, which is by no means a small task if you do not know much about them to begin with, then you can delve into what a cryptocurrency is and not get completely overwhelmed. Unfortunately I do not have links to solid resources to any of the above information since my partner and I developed our own, rather large, glossaries and notes on them. Google is your friend, and don't try to do it all at once, a little bit at a time is the way to go.  

Once you have a decent understanding of the above, a great place to start learning about Crypto is to read the Bitcoin and Ethereum Whitepapers:

Bitcoin Whitepaper: https://bitcoin.org/bitcoin.pdf

Ethereum Whitepaper: https://github.com/ethereum/wiki/wiki/White-Paper

Some other resources that are good for Interested parties:

Blockgeeks: https://blockgeeks.com/guides/- A bunch of well-written guides on all aspects of cryptocurrency

BitcoinTalk Forum: https://bitcointalk.org/ - Bitcoin community forum. Great place to ask questions and get more information.

"Fat Protocols": http://www.usv.com/blog/fat-protocols - Great article that compares internet protocols to Blockchains.

"Bitcoin is like SMTP": http://joel.mn/post/117060535583/bitcoin-is-like-smtp- Another one by the same author along similar lines.

Here are some good video links to peruse in addition to the text links:

Decentralizing Everything with Ethereum's Vitalik Buterin: https://www.youtube.com/watch?v=WSN5BaCzsbo

Blockchain and Ethereum Security on The Higher Level- Vitalik Buterin: https://www.youtube.com/watch?v=UFDAtStVXbc

Introduction to Cryptoeconomics - Vitalik Buterin: https://www.youtube.com/watch?v=pKqdjaH1dRo

ICOs, How do They Work?: https://www.youtube.com/watch?v=CJblONrIp2o

The Token Economy: Exchange in 3 Dimensions: https://www.youtube.com/watch?v=4lDbvMxqbTw

Here are a couple videos that talk more on how cryptocurrencies will impact society one day:

Joe Lubin - Ethereal SF 2017 - Keynote Address: https://www.youtube.com/watch?v=VPttWS-6kfo

Brock Pierce | The Blockchain, Cryptocurrencies & ICOs | me Convention talks: https://www.youtube.com/watch?time_continue=3&v=K2WoHsXR3Hk

If Podcasts are your thing, here is a Tim Ferris Podcast on cryptocurrencies: https://overcast.fm/+KebvPT3c8

Comment 24 Oct 2017

I have that GOT poster, its hanging on the wall behind me, no lie lol.

Comment 26 Sep 2017

Lol, there is no way in hell the Pelicans are dumb enough to trade us Davis. I like what we have done so far this offseason though.

Comment 10 Sep 2017

Posted this in another thread, but feel it is relevant to the present discussion.

This current iteration of the team faces 2 key problem areas. 

1. Our defensive backfield is young which results in 2 different issues. First, the defensive playcalling is not as aggressive, or complex,  as it theoretically should be at times both to protect our backline and to facilitate growth in the defensive backs by giving them so many man assignments. Second, they blow more coverage assignments than a typical college backfield should.

Since the coaches are doing a great job of giving them high quality game reps, they should be much better by the end of the season, though they might not reach the level of last year's secondary due to the extreme talent level we were spoiled with last year

2.  J.T. Barrett IV has blossomed into the Aaron Craft of the OSU football team. He is a masterful game-manager and leader, but he has developed a debilitating hesitation when it comes to throwing the ball. This limits the yac of the receiving core on short and intermediate routes, while making the deep passes uncatchable many times. It also results in him holding the ball far too long and putting pressure on our offensive line to pass protect exceptionally well. In addition, he often leaves completions on the field since he wont throw the short or intermediate passes that require him to trust his read that the receiver will be open, or open enough,  in 1-2 seconds. 

Psychological issues such as this could disappear tomorrow and he could turn it around immediately, but more often than not, these are the most difficult issues to work through, sometimes taking years to correct, or even never being solved at all. He has had this issue for a while, but will he break through it this year? Who knows, but there is not much Urban or anyone else can do to correct it, other than J.T. himself. 

If you pull J.T. than you probably destroy his confidence for good. Are you willing to do that to the guy you have relied on for multiple years now, a 3-time captain?  Is Joe Burrow fully-healed yet? Haskins will bolt for the NFL the moment he is able, which if we switch to him and he plays well, might be at the end of this year. This would alter the QB timeline quite a bit, so again, is that the best move for the program in the long-term? Although many assume so, are either even better than J.T. at the present moment? Extremely tough decision to make, I would be surprised if Urban pulled J.T.

It doesn't appear like we are a NC-caliber team this year, but I said the same thing after we lost to V.T., so you never know, lots of season left. 

Comment 08 Oct 2016

Honestly, I've been thinking JT has looked a little off all year. Today was an especially poor game, granted, but he hasn't looked like 2014 JT in any game so far. I think he is trying to incorporate some more advanced QB skills into his game in terms of reading defenses, etc., and for the time being it has caused a bit of a regression. Whenever things start clicking for him again, I think he will be better than ever. In the meantime hopefully our Silver Bullets and rushing attack can carry us.

Having said all that, the Wisconsin game will probably be closer than most people will like. I still think we eek it out though. 

Comment 23 Sep 2016

Ours somehow turned out the worst of the bunch, I hate all 3 of them. Probably gonna get some down votes for this, but I really liked the  1st Alabama and TTUN jerseys. All 3 Penn State concepts looked good too. 

Comment 18 Sep 2016

I have heard those same things being thrown around, but those guys are idiotic if they actually think that. I'm sure that's what certain team officials are saying, but that's not actually what the plan is. We are doing the smart thing for once and taking a multi-year approach, winning too early is a bad thing if you want to win championships, instead of simply being a wild card type team every year. You can't come out and say that though if you'r the Browns, so you try to plant seeds of optimism so people still buy tickets. If we have another couple offseasons like this last one, we will be a legit title contender in no time.