CT4 Seminar: Week 3 chat

10:06:00 From  Ben Hooker  to  Everyone:
    https://spikeartmagazine.com/
10:08:25 From  Lyu Guowei  to  Everyone:
    Experience as an audience.
10:08:36 From  Lyu Guowei  to  Everyone:
    Watch people talking about Blockchain.
10:09:49 From  Li Hongming  to  Everyone:
    Bought some ETH 2 years ago and price always drop while I sleep. So I sold them all
10:10:24 From  Eric Schubert  to  Everyone:
    early adopters
10:13:06 From  Maxim Safiouline  to  Everyone:
    https://the-crypto-syllabus.com/ines-faria-on-crypto-as-religion/
10:13:20 From  Blake Kos  to  Everyone:
    How different is that from previous eras?
10:13:38 From  Maxim Safiouline  to  Everyone:
    That's the key point for me - it's not!
10:15:24 From  Yue  to  Everyone:
    I’ve registered a metamask account last week just to see how the process works. And I was quite turned away by the fact that the only tie between me and my account is several strings of super long numbers which I already lost
10:15:47 From  Gao Yining  to  Everyone:
    My undergrad roommate was mining bitcoin at home and I noticed it through the electric bill.
10:16:04 From  Maxim Safiouline  to  Everyone:
    😳
10:16:22 From  Alan Amaya  to  Everyone:
    😬
10:24:53 From  Qianyue Yuwen  to  Everyone:
    In PoW, the voting power is proportional to the computational power of the node; while in PoS, the voting power of the system is proportional to the equity held.
10:25:36 From  Alan Amaya  to  Everyone:
    Can we talk about what mining is? I kind of got confused there
10:27:10 From  Qianyue Yuwen  to  Everyone:
    By challenging the computational power
10:27:26 From  Alan Amaya  to  Everyone:
    What does that mean?
10:28:37 From  Li Hongming  to  Everyone:
    Endless calculation. Decoding Satoshi Nakamoto's password and gain the evidence that you do that calculation, that's the coin
10:29:07 From  Qianyue Yuwen  to  Everyone:
    In my (very very unprofessional) understanding, the better some of your computer's hardware is, the more efficient you'll be at mining
10:30:40 From  Qianyue Yuwen  to  Everyone:
    I know that after the price of bitcoin plummeted, some mining merchants started selling their equipment at low prices. But some people in the market will advise people not to buy. I'm wondering if mining would be a squeeze on the capabilities of the equipment? Will it cause damage to the computer?
10:30:51 From  Li Hongming  to  Everyone:
    Float calculation
10:32:07 From  Li Hongming  to  Everyone:
    Aha always waiting for Bitcoin price drop and lead to Graphic cards price drop 🤣
10:32:26 From  Ben Hooker  to  Everyone:
    Do corporations with massive computing power like Google actively mine?
10:32:54 From  Qianyue Yuwen  to  Everyone:
    It is just because of them, the graphics card becomes expensive😡
10:33:43 From  Li Hongming  to  Everyone:
    I guess they can. Some school mining for "education purpose"
10:34:55 From  Maxim Safiouline  to  Everyone:
    https://www.businessinsider.in/photo/87304307/cryptopunk-nft-sold-for-2-million-delivered-over-27000-return-on-investment.jpg
10:35:51 From  Fanxuan Zhu  to  Everyone:
    It has more social value.
10:36:11 From  Fanxuan Zhu  to  Everyone:
    Not measured in artist level
10:36:33 From  Zhuoyu Li  to  Everyone:
    hype
10:36:35 From  Yiran Mao  to  Everyone:
    investment value
10:36:46 From  Wang Zhiyan  to  Everyone:
    collection value
10:37:09 From  Fanxuan Zhu  to  Everyone:
    Is it Organic Banana 😃 Dole can make parody ads
10:37:27 From  Gao Yining  to  Everyone:
    The value of expectations of the unknown
10:38:01 From  Maxim Safiouline  to  Everyone:
    a.k.a. speculation : )
10:38:44 From  Alan Amaya  to  Everyone:
    Ownership seems blurry in crypto art
10:48:19 From  Alan Amaya  to  Everyone:
    Pokemon cards!
10:57:54 From  Eric Schubert  to  Everyone:
    https://www.vice.com/en/article/y3v3ny/all-my-apes-gone-nft-theft-victims-beg-for-centralized-saviors
10:58:03 From  Yue  to  Everyone:
    Yes china is home to the largest amount of mining activities in the world https://ccaf.io/cbeci/mining_map
11:00:04 From  Maxim Safiouline  to  Everyone:
    "Determining the correct output for a given input (and a set of program or system states) is known as the oracle problem or test oracle problem,[6]: 507  which is a much harder problem than it seems, and involves working with problems related to controllability and observability" - Wikipedia
11:05:16 From  Ben Hooker  to  Everyone:
    i LOVE that app
11:06:53 From  Maxim Safiouline  to  Everyone:
    https://the-crypto-syllabus.com/web3-a-map-in-search-of-territory/
11:16:38 From  Wang Zheng  to  Everyone:
    permanently exist
11:16:45 From  Li Hongming  to  Everyone:
    Question of decentralization: should we pay tax if we sell nft properties. We benefits from the transaction but can government track it? 
    Nft seems to be an way to cashing in on the crypto coin black market. Large transactions also do not affect the market price 🤔🤔