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Title: DID YOU KNOW? Post by: J Sykes on May 02, 2018, 04:14:36 PM Did you know...that you never actually have possession of your bitcoin even if you hold your private keys in a wallet. Private keys are nothing more than an access code to a ledger account on the blockchain. A wallet is probably misleading, it is more of a key chain where you store keys to unlock and transfer bitcoin within the blockchain.
Did you know...that one of the most difficult things to produce in nature is a random number. You need random numbers to produce private keys. Stanford use a camera pointed at a lava lamp to produce data points which turn out to be great random number generators. Did you know...Nick Szabo, the man many think is satoshi Nakamoto (unproven) was the person who coined the phrase "smart contract" Did you know...Bitcoins current transactions per second capacity is roughly 7 and Ethereums is 20. Visa can do 24000. But do not be disheartened. Visa has a 60year head start. With state channels and other updates billion transaction per second systems are muted to be possible so watch out Visa Did you know...The biggest venture capital firms in cryptocurrency are :FBG CAPITAL, FENBUSHI, BLOCKCHAIN CAPITAL, INBLOCKCHAIN, KINETIC CAPITAL, BITMAIN, PANTERA CAPITAL, COINSILIUM GROUP and SEQOIA CAPITAL so keep and eye out for who they back, these are professional investors! Any more did you knows that people may find helpful/interesting? Title: Re: DID YOU KNOW? Post by: DannyHamilton on May 02, 2018, 04:27:43 PM Did you know...that you never actually have possession of your bitcoin even if you hold your private keys in a wallet. Private keys are nothing more than an access code to a ledger account on the blockchain. A wallet is probably misleading, it is more of a key chain where you store keys to unlock and transfer bitcoin within the blockchain. False. There are no "accounts" on the blockchain. Did you know...that one of the most difficult things to produce in nature is a random number. You need random numbers to produce private keys. Stanford use a camera pointed at a lava lamp to produce data points which turn out to be great random number generators. A camera at a lava lamp? That doesn't sound very difficult. Did you know...Nick Szabo, the man many think is satoshi Nakamoto (unproven) was the person who coined the phrase "smart contract" And is almost certainly NOT Satoshi Nakamoto. Did you know...Bitcoins current transactions per second capacity is roughly 7 and Ethereums is 20. Visa can do 24000. But do not be disheartened. Visa has a 60year head start. With state channels and other updates billion transaction per second systems are muted to be possible so watch out Visa You failed to including Lightning Network in your calculations. You also failed to include SegWit in your calculations. Your numbers are invalid. Try computing again. Any more did you knows that people may find helpful/interesting? Did you know that the average person posting on Bitcointalk.org has no knowledge about what they are posting. They frequently just make up nonsense. It is important to make sure you are reading posts from a reliable source before you believe or repeat what you've seen written. Title: Re: DID YOU KNOW? Post by: Ethan Manson on May 02, 2018, 04:32:01 PM Did you know...that you never actually have possession of your bitcoin even if you hold your private keys in a wallet. Private keys are nothing more than an access code to a ledger account on the blockchain. A wallet is probably misleading, it is more of a key chain where you store keys to unlock and transfer bitcoin within the blockchain. False. There are no "accounts" on the blockchain. Did you know...that one of the most difficult things to produce in nature is a random number. You need random numbers to produce private keys. Stanford use a camera pointed at a lava lamp to produce data points which turn out to be great random number generators. A camera at a lava lamp? That doesn't sound very difficult. Did you know...Nick Szabo, the man many think is satoshi Nakamoto (unproven) was the person who coined the phrase "smart contract" And is almost certainly NOT Satoshi Nakamoto. Did you know...Bitcoins current transactions per second capacity is roughly 7 and Ethereums is 20. Visa can do 24000. But do not be disheartened. Visa has a 60year head start. With state channels and other updates billion transaction per second systems are muted to be possible so watch out Visa You failed to including Lighning Network in your calculations. You also failed to include SegWit in your calculations. Your numbers are invalid. Try computing again. Any more did you knows that people may find helpful/interesting? Did you know that the average person posting on Bitcointalk.org has no knowledge about what they are posting. They frequently just make up nonsense. It is important to make sure you are reading posts from a reliable source before you believe or repeat what you've seen written. Is lightning network not a state channel? Title: Re: DID YOU KNOW? Post by: DannyHamilton on May 02, 2018, 04:38:19 PM Did you know...Bitcoins current transactions per second capacity is roughly 7 and Ethereums is 20. Visa can do 24000. But do not be disheartened. Visa has a 60year head start. With state channels and other updates billion transaction per second systems are muted to be possible so watch out Visa You failed to including Lightning Network in your calculations. You also failed to include SegWit in your calculations. Your numbers are invalid. Try computing again. Is lightning network not a state channel? Is the capacity "roughly 7"? Title: Re: DID YOU KNOW? Post by: Ethan Manson on May 02, 2018, 04:46:38 PM Did you know...Bitcoins current transactions per second capacity is roughly 7 and Ethereums is 20. Visa can do 24000. But do not be disheartened. Visa has a 60year head start. With state channels and other updates billion transaction per second systems are muted to be possible so watch out Visa You failed to including Lightning Network in your calculations. You also failed to include SegWit in your calculations. Your numbers are invalid. Try computing again. Is lightning network not a state channel? Is the capacity "roughly 7"? I was under the impression he was referring to the current transaction capacity without the full implementations of segwit, lightning, schnorr signatures ect. Which I think if im not mistaken is between 3-7 Title: Re: DID YOU KNOW? Post by: DannyHamilton on May 02, 2018, 04:50:06 PM I was under the impression he was referring to the current transaction capacity without the full implementations of segwit, lightning, schnorr signatures ect. Which I think if im not mistaken is between 3-7 The current transaction capacity INCLUDES both segwit and lightning, both of which are currently actively being used. Title: Re: DID YOU KNOW? Post by: Ethan Manson on May 02, 2018, 04:58:32 PM I was under the impression he was referring to the current transaction capacity without the full implementations of segwit, lightning, schnorr signatures ect. Which I think if im not mistaken is between 3-7 The current transaction capacity INCLUDES both segwit and lightning, both of which are currently actively being used. But they are nowhere near full capacity though are they. Lightning is only a few months into implementation, anyhow again the guy mentioned that 'other' updates were also required to reach the million or billion transactions he was referring to that could potentially be possible. Seems you are being a little picky |