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      "body": "My hunch is that the long term implications of the Tether and Bittrex connection are not as stark as the market seems to think. Here are some reasons why: \n\nhttps://tether.to/wp-content/uploads/2015/02/TetherLogoWeb.png\nWoo! Tether!\n\nBoth companies (Bittrex and Tether) have received legal compliance requests before. It's unlikely that this event will lead to the crash of the USDT/%s pairs as a mechanism of maintaining a stable account during market/macro shifts.\n\nEven in the unlikely case it does, crypto-traders are more likely to revert to BTC/ETH/XRP pairs than change investment platforms.\n\nIn some ways, this almost seems like a positive thing in the long run regardless of the direction of the change, as it accelerates the stabilization of BTC/ETH/XRP. \n\nFinally, playing devils advocate for Tether, does it really matter if tether is no longer backed by the USD? \nIsn't the community's faith in the fact that  1USDT == 1USD enough to continue its use? While this may have complex legal implications, It's worth noting that most fiats are no longer backed by anything but the faith of individuals in their respective governments. \n\nIs there anyone who understands smart contracts who wouldn't put more faith in them to execute their commands than an individual/organization? \n\nFollow Me on Twitter!\n@alebml\n\nThanks for the read!",
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      "body": "My hunch is that the long term implications of the Tether and Bittrex connection are not as stark as the market seems to think. Here are some reasons why: \n\nhttps://tether.to/wp-content/uploads/2015/02/TetherLogoWeb.png\nWoo! Tether!\n\nBoth companies (Bittrex and Tether) have received legal compliance requests before. It's unlikely that this event will lead to the crash of the USDT/%s pairs as a mechanism of maintaining a stable account during market/macro shifts.\n\nEven in the unlikely case it does, crypto-traders are more likely to revert to BTC/ETH/XRP pairs than change investment platforms.\n\nIn some ways, this almost seems like a positive thing in the long run regardless of the direction of the change, as it accelerates the stabilization of BTC/ETH/XRP. \n\nFinally, playing devils advocate for Tether, does it really matter if tether is no longer backed by the USD? \nIsn't the community's faith in the fact that  1USDT == 1USD enough to continue its use? While this may have complex legal implications, It's worth noting that most fiats are no longer backed by anything but the faith of individuals in their respective governments. \n\nIs there anyone who understands smart contracts who wouldn't put more faith in them to execute their commands than an individual/organization? \n\nFollow Me on Twitter!\n@alebml\n\nThanks for the read!",
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      "body": "The tether crash is not a guarantee. The fact that people are still using tether is an encouraging sign. It's likely that  this will trigger nothing but short term panic",
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      "body": "In September of 2016, the Google Neural Machine Translation system (GMNT) went live. This tool was a software package designed to improve Google's translation software by using machine learning to help the system identify parallelism in languages using nodal programming techniques. While this system was being implemented, the problem of whether the system could perform a translation with one degree of separation was proposed. The proposed scenario involved teaching the machine to translate from English to Japanese and from English to Korean. The question was whether or not after vectorizing the nodes involved the machine would be able to translate from Japanese to Korean without referring back to English. As it turns out, the answer was yes; because of the structure of the system being designed to be vectorized, these translations could be accurately made. Specifically, the system created an n-dimensional point to gauge similarity between word pairs. By combining these similarity levels and cross-referencing them against other words in the same language, the system was able to create a map of points in nth dimensional space, where the magnitude of the vectors between each point represented the exact degree of similarity between those two words. By comparing the maps of these points, the system was then able to make the translation regardless of the degree of separation. \n\nIn doing so, the system created its own language. A mix between Korean and Japanese, this language was completely nonsensical, but the system was able to use it as a stepping stone in the translation rather than refer back to the English. My hypothesis is that the system did these because it was constrained by the optimization factor of time, and found that memoizing an array of this nature cut down on the processing involved significantly.\n\nMore recently, Facebook has been pitting artificial intelligences against each other in an effort to teach them how to barter. From Facebook's report, it appears that these systems have reached an incredible level of understanding. An example of this is the feigning of value for an item, such that allowing the opponent to have it seems like a concession. That Facebook's systems were able to reach this level is impressive in and of itself. Far more interesting to me, however, is what happened as the program was allowed to run; eventually, the intelligences stopped using English altogether and created their own bartering language. This, again, was likely due to the time maximization constraint placed on the system. But what were these machines saying? Though no one is certain, I have a hypothesis.\n\nhttps://upload.wikimedia.org/wikipedia/en/thumb/b/b9/Contract-curve-on-edgeworth-box.svg/1280px-Contract-curve-on-edgeworth-box.svg.png\n\nThe image above is a representation of a simple Edgeworth box, a concept drawn from economics that represents the field of all possible combinations of goods for n parties in a trade scenario (where n is the number of parties involved, also representative of the dimension, and thus two in this case). The blue curve is called the contract curve. This curve is usually a continuous, differentiable, Pareto optimal function, and represents all points at which transactions will occur that are fair for all involved parties. \n\nThough this function is based on preference, the final contract can be slightly altered by bartering skill of the parties involved. My hypothesis on Facebook's automated bartering system is that over time, the system realized it had reached Pareto optimality and that it's opponent's bartering skills were exactly equal to its own. This realization led to it attempting to continue minimizing the time between contracts, and thus the system stopped using English in order to better follow its instructions.\n\nI believe that the lesson of unintended consequences, such as a completely fabricated language, is important to the development of strong artificial intelligence. The machine wasn't doing anything wrong; it was following its creators instructions to a tee--it determined through trial that the way to most efficiently barter in the least time was to develop a language it could process faster than English. In an analogous situation, what happens when an artificial intelligence decides that, for example,  the way to maximize human resources is to eliminate the human population? Though this is a simplistic scenario, it stands as an important feature of AI development as our systems grow increasingly sophisticated.\n\nBest,\n\nA.E.L.",
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      "body": "What source does the $ evaluation use to calculate the current value of each contribution?",
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      "body": "Tether's valuation could crash to zero, but the fact that big players have yet to shift positions significantly is encouraging.",
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      "author": "sourcee",
      "body": "To start, a story:\n\nIn 2010 I entered a hackathon. The task was simple; find a technology you think will be influential, convince some judges, win some headphones. \n\nMy choice of topic was Bitcoin. I lost the competition but ended up winning something better a few years later. I sold out at an average price of ~4,000 USD and used most of the money to pay for my education at the Carnegie Mellon University School of Computer Science. \n\nOver the years I also put a significant amount of money in other crypto-assets, most notably Ethereum and Ripple. \n\nI'm excited to have finally joined the Steemit platform. I've been hearing about it for a while now and believe that it has great potential! I believe the system of incentivizing creators and contributors in a democratized manner (in the way Steem does) is a fantastic development that's been inevitable for years but is in this case far ahead of its time. \n\nThank you to those who get this far, but my hunch is that you're not here for an introduction to me. In a sector full of false prophets and John McAfees, it's hard to cut through the bull. If it is any reassurance, I'm not in this for the pennies that will probably be generated by this post's existence--I'm far more interested in watching and ameliorating the prosperity experienced by the blockchain community and its members.\n\n![](https://steemitimages.com/DQmZmzGsC51bB34R2gYWpg8LnaW8VhT3MgSoCLY34ZFNf4c/image.png)\n\nThe token associated with the logo above is High Performance Blockchain (HPB). High performance blockchain is a relatively new technology, having been developed only last year. In summary, its niche is that it works on integrating hardware and software solutions to the all-too-common scalability problem. Their white-paper is dynamic in nature but currently shows the TPS at around 1,000,000--142,857 times that of Bitcoin. If this holds true, it would be a major asset for cryptocurrencies in the case for their use in everyday transactions. Their team is also pretty strong--Notable players include a well-known crypto-blogger, a physics professor who worked on a Nobel prize-winning research project, and a former CMU software engineer. Also worth noting is the fact that one of their angel investors is NEO. \n\nIn the eyes of many, High Performance Blockchain is the next EOS. But there are also some valid concerns associated with the token which I will address here.\n\nCurrently, the token takes on the ERC-20 format, which is a major point of criticism for the token's enemies. HPB's promotional materials also look really sketchy-- a stock-image, google doodle level of sketchy. The quality of the photos on their website and a lack of hard proof of their partnerships is enough to drive most people away. This last point is perhaps the most concerning, because it signals a lack of transparency between the HPB team and their customers/community.\n\nIn my eyes, all of these disadvantages are outweighed by the potential of HPB's system to grow. While a lack of transparency is an especially dangerous thing in the world of crypto, I believe in HPB's case it is at least partially attributable to two primary factors; first off, the company behind it is still in its relative infancy and is growing at an incredible rate due to the recent crypto-hypecycle. Second, the company has a notable lack of English in its promotional materials. My hunch is that this is at least partially because the high level members of the organization are not native English speakers, and are not prioritizing their marketing efforts yet, possibly until they finish the development of their hardware systems.\n\nIn summary, while HBP surely has some problems, I believe there is a high probability of it being subject to immense growth in the coming months. As it gets added to more notable exchanges (it is currently listed on Bibox, Allcoin, and is being added to Kucoin on February 5th) and becomes a more common name, the interest in this coin is sure to increase substantially. Investors got a taste of this in early January, when HPB shot up to a max value equivalent of around 14 USD, and again when Coin Market Cap added accurate data a few days later when its value rose 20%. This action made it the 111th most valuable token by market capitalization, a substantial increase from its ranking of 1000+ just days before.\n\nLately, the price of HPB has been decreasing as a result of market movements and macroeconomic concerns, but overall my research has led me to the conclusion that if their hardware solutions are fully functional, High Performance Blockchain has the potential to become a driving force in the future development of applied blockchain technologies. While I can't guarantee that this token will be your ticket to the millionaire's club, I can say that the opportunity cost of missing out on this token is substantial. While they could certainly fail to deliver, the potential of what HPB is offering is groundbreaking, and has the ability to upend multiple industries.\n\nThank's for finishing my post, if you made it this far. HPB is a substantial part of my current long-term hold profile, and I'm interested to hear others' thoughts on it. Depending on the success of this article, I may do a more low-level explanation of my hope in HPB/other assets in my long-term holdings in and outside of crypto. \n\nBest,\nA.E.L.",
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      "permlink": "i-predicted-the-rise-of-bitcoin-in-2010-ethereum-a-few-years-later-and-ripple-after-that-here-s-my-hunch-on-the-next-big-crypto",
      "title": "I predicted the rise of Bitcoin In 2010, Ethereum a few years later, and Ripple after that. Here's my hunch on the next big crypto-mover."
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