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I hope that more merchants start to realize that they are being ripped of by this duopoly. The lightning network could be a nice alternative. It provides instant transactions with negligible fees, meaning that merchants will have a 2.5% improvement on revenue. It will be very though to adopt this in our society but definitely not impossible. We need some multinational corporations to adopt it into their system and then the rest will follow.
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Het doet mij goed om te zien dat er bedrijven zijn die (samen) buitenspelen motiveren door dit soort diensten. Verder kan ik het alleen maar beamen dat je crypto wil integreren in je bedrijf. Daarbij draag je een steentje bij aan de adoptie van Bitcoin in de samenleving, zeker doordat je klanten motiveert met korting doordat zij met crypto valuta betalen. Ten slotte lijkt mij het organiseren van toernooien een uitstekend idee. Hiermee krijg je zeker weten goedkeuring van scholen, want bewegen en gezamenlijk buiten spelen zijn ongetwijfeld belangrijke aspecten in de ontwikkeling van kinderen. Ik wens je veel success met je onderneming!
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Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?
In this bearish market condition, we won't hear much about bitcoin in the media i guess. The situation of the market can affect the news too. In 2017, there were many peoples come to crypto because cryptocurrency was popular because the value of crypto coins were sky rocketing. Adoption progress is running fast when the market green. That's basically the problem. Bitcoin should refrain from attracting people that see it as a gamble product. We need to attract people that are wanting to use it as a currency because it's financial and ethical benefits. The people that come when the price is on a sprint upwards leave Bitcoin for good when the hype is over, resulting a broken reputation. However for Bitcoin this is a much harder task because it is not a commercial company and therefore does not have the resources to do advertising. |
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In addition, the transaction volume processed by payment gateways is also decreasing.
I don't think so that the volume is decreasing. $5B daily volume is too low for you? What is your source? I think you're referring to the total volume? I believe most of these trades are concerning day trades not actual services or goods being bought with Bitcoin. Merchants don't want to adopt Bitcoin for 2 main reasons: there's very little demand for it from their customers, and it has somewhat grey legal status or even outright banned in certain places. Users don't want to adopt Bitcoin, because it's volatile, hard to use, few merchants accept it (so, there's kinda a feedback loop here), and very few people are "woke" in a sense that banks represent a risk to their financial freedom.
Yep, and Bitcoin is hard to understand to average people especially to those people that have less knowledge in new technologies and innovations, I guess the mass adoption of Bitcoin will take more time to happen. The volatile nature of Bitcoin is one of the major reasons why merchants do not want to adopt this technology and a means of payment or reward. I believe the traditional banking system is more complex than Bitcoin's infrastructure. The majority is using the banking system without understanding how it works. Therefore I don't think you have to completely understand Bitcoin to apply it in life. for example did you even know that a US state recently adopted bitcoin as a legal currency?
I read about some states regulating Bitcoin. I am hoping that it will spread to other states. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. This is only true if the merchant accepting crypto is either keeping it as crypto, or trading it to fiat manually. If they are using a service like BitPay, which will allow them to accept crypto but instead be paid in fiat, there is a 1% charge which is pretty comparable/only marginally cheaper than most credit card transaction fees. Debit- and creditcard fees are averaging 2% in the United States. That means that using Bitcoin is still an increase of 1% in revenue, which is a lot actually. Therefore we should contribute as a community by helping merchants to implement this system in their store. Agreed. I often hear people lamenting the fact that bitcoin adoption isn't more widespread, whilst simultaneously doing nothing about it and not trying to spend their bitcoin. Speak to your local grocer, coffee shop, corner shop, tradesman, whoever and ask them to accept crypto. If they don't know there is a demand, then they have no incentive to start using it. The city where I am living has currently over 100 physical stores that accept Bitcoin. On it's website you can find a graph that shows the purchase volume and amount of trades. However, this seems to be decreasing. What can we do to reverse this movement? |
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Lately, I have not been hearing much about Bitcoin, other than media mentioning that the value is decreasing. In addition, the transaction volume processed by payment gateways is also decreasing. I feel that adoption has come close to a standstill. What is your opinion about this?
I think we should look at benefits of Bitcoin for merchants, to increase the active circulation. For example, bitcoin is a cheaper alternative to debit- and creditcards as merchants have to pay less interchange fees. Therefore we should contribute as a community by helping merchants to implement this system in their store. Merchants could possibly attract customers by giving discounts for paying with Bitcoin. What is your idea for progressing adoption of Bitcoin?
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It depends on your style of learning. I like to read books and then practice the exercises or preferably applying the knowledge in a practical way. Andreas M. Antonopoulos' book has a lot of images to visualize the concepts, which is very useful. I have not read the other books you mentioned, but I highly recommend this one. This simple simulation could help you to understand the blockchain concept better. Thanks! that was an interesting watch. I watched the videos he put up with the simulations. They do explain an overview of what's a blockchain, txs, and how every block is computed from the previous one, but it's still too superficial. I'd love material that is quite a bit more in-depth than these. I can understand that. Books are the best resource for in-depth information, as videos tend to be a little simplified compared to reality. You also could try different cryptography related books to enhance your knowledge, for instance, elliptic curves. Another way to understand Bitcoin is to use a wallet in expert mode, preferably on the testnet (to not lose your valuable BTC by mistake). |
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It depends on your style of learning. I like to read books and then practice the exercises or preferably applying the knowledge in a practical way. Andreas M. Antonopoulos' book has a lot of images to visualize the concepts, which is very useful. I have not read the other books you mentioned, but I highly recommend this one. This simple simulation could help you to understand the blockchain concept better. |
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Maybe I found a vulnerability in an elliptic curve.
No, you didn't. I derived a formula that can reduce the possibility of busting through PrivKey. Allowable search 2 ^ 256 can be reduced to 2 ^ 16 and all this is possible through my research.
No, that's bullshit. 2^16 can be checked within a few seconds. No reason for you to write this post if you could gain millions of BTC in the same time. At least you tried. I will not convince you and prove something. Just understand all these 10 million Bitcoin addresses I picked up for a reason. This is the starting point by which you can bend the elliptic curve. and then you can reduce to a minimum. Nobody is going to help you if you refuse to show any proof. Besides, it is highly unlikely that you found a vulnerability in an elliptic curve. You realize that such a thing would be a scientific breakthrough? |
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This puzzle consists in scanning for a value (called Nonce) that when hashed, the hash begins with a number of zeros.
From this line it seems that the only hash input is the nonce. However, from my understanding, all block data is hashed. The only variable in this block of data is the nonce, therefore it can change the hash output. The difficult in finding that nonce increases exponentially as more zeros are required by the block. Difficult is adjusted so that one block is mined every 10 minutes.
This sentence would be more clear if you would introduce the frequent term difficulty. Optionally, you can add that the difficulty only changes every 2016 blocks or average two weeks. Despite this, I still find your summary very informative and accurate. Thanks, just added your suggestions There are far too many details, and I try to keep this as simple as possible I understand your decision. Keep up the good work! |
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This puzzle consists in scanning for a value (called Nonce) that when hashed, the hash begins with a number of zeros.
From this line it seems that the only hash input is the nonce. However, from my understanding, all block data is hashed. The only variable in this block of data is the nonce, therefore it can change the hash output. The difficult in finding that nonce increases exponentially as more zeros are required by the block. Difficult is adjusted so that one block is mined every 10 minutes.
This sentence would be more clear if you would introduce the frequent term difficulty. Optionally, you can add that the difficulty only changes every 2016 blocks or average two weeks. Despite this, I still find your summary very informative and accurate. |
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Ik heb jullie een sollicitatie gestuurd.
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What was the purpose of your crypto investment at the very beginning? I can imagine that you first wanted to use crypto as a store of value, like most of us do. But then greed took over in December, which is not necessary a bad thing. However, you should not have traded your valuable coins to some random altcoins to reduce your loss. Also if the answer to the first question was a store of value then you did not succeed your experiment, because you did not keep it for a long time. Next time, decide what you want to accomplish with your investment and stick to the plan. The decisions you make during a recession are often the wrong ones. Keep this in mind.
We have different experiences about investment, one should note that market is Volatile, anything can happen at any given time, market movement is unpredictable, price value can goes up and goes down dependent on the Volume of investment by the investors on Bitcoin, The risk involved in the market investment it is just the same on the amount you've invested. you may gains some profits but you may loss some amount as to investment. The market is unpredictable, that's why you should never invest more than you can lose. But keeping your investment for three months is more like gambling, it goes up or down. When you keep it for let's say 5 years then you know exactly whether it got adopted in the society or not and therefore justifies the value. That is a real investment like you would do in a startup you have fate in. |
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Do you remember the BitConnect scam? This useless coin had a market cap of almost 3 billion US dollar. The dominance is calculated by dividing Bitcoin's market cap by the total market cap which includes scam coins like BitConnect. We can conclude by this that the dominance is truly a useless value. Even today, BitConnect's market cap is over 6 million.
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What was the purpose of your crypto investment at the very beginning? I can imagine that you first wanted to use crypto as a store of value, like most of us do. But then greed took over in December, which is not necessary a bad thing. However, you should not have traded your valuable coins to some random altcoins to reduce your loss. Also if the answer to the first question was a store of value then you did not succeed your experiment, because you did not keep it for a long time. Next time, decide what you want to accomplish with your investment and stick to the plan. The decisions you make during a recession are often the wrong ones. Keep this in mind.
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A few words about myself, after beeing an atheist for long time, i have learned about religion and god several years now, which finally resulted in truly believing in god,
becoming 100% confident that god exists.
My point of view is there is only one almighty god, no matter what you call him.
My experience is not limited to, but including: reading books, watching documentations, talking with religious people, praying, and so on.
Can you tell why you believe that god exists? You do not hear often that an atheist becomes religious during his life as an adult. I am not trying to insult you in any way, please do not get me wrong. |
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Hi, In what way did Satoshi, at the beginning of BTC mining, decide to implement, in the original btc client, the process of creating a new purse for which a reward was awarded from each new block?
I hope I designed the idea correctly)
You are not getting rewarded for generating an address which is in essence just a RIPEMD-160 hash of the public key but rather for proof-of-work. This is the process of finding a hash for a block of data that meets the requirements of a valid block (you might have seen all block headers starting with a bunch of zeroes). This is done by changing a number called the nonce and hashing all the data together. This requires a lot of computing resources and therefore rewards you. Someone from you parsed the source code - how are these functions spelled out, logically?
It is open-source, you can find the original reference client on Github, with documentation. https://github.com/bitcoin/bitcoinHe did not invent passwords for each purse to each block, it is clear that this was all automatic, but either it was originally an abyss, because for him the idea was higher than money, or it was preceded by a certain algorithm that was tied to ... which ones parameters / criteria / pr .. ??
Sorry if not on the topic, I want to understand logic.
The data that is hashed cannot be foreseen, as it includes all the transaction made on the network. You also need to include the previous block header, to prevent attackers from changing previous blocks. So, it is not pre-generated but totally based on math. |
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I disagree with this statement from Samsung, even if it was a safe option then it is still not the safest option. Offline storage is considered safe, but that is not really the case with phones. The purpose of a portable phone is to communicate with others over distances, so you are always connected to some sort of telephone network. New smart phones also include different wireless communication functionalities like WiFi, which stops you from being offline. Malware could potentially access your phone via WiFi or other forms of communication and steal your private keys. The most safe option for storage is really a paper wallet, digital devices with wireless communication functionalities cannot compete with that.
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I do not think that Satoshi used altcoins like Namecoin to draw attention away from Bitcoin. The CIA knew about Bitcoin in early 2011 and wanted Gavin to give them further inside on the topic. So, even if it was his purpose which I highly doubt then it failed. But remarkable is that Satoshi left the whole Bitcoin scene including this forum close after he heard about the meeting with Gavin and the CIA.
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50 BTC om VIP te worden. Is dat een prijs vanuit het verleden toen de bitcoin een stuk lager was in prijs en is dit nooit aangepast?
Klopt. En het wordt ook niet aangepast, ondanks diverse verzoeken daartoe. Dit is omdat Theymos heeft gezegd dat hij genoeg donaties in het verleden heeft gekregen om het forum voor een lange tijd te kunnen draaien. Als hij nu de prijzen verlaagt is de donator tag minder exclusief. |
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Altcoins tend to follow Bitcoin's trend, so it is fair to say that Bitcoin's value is a reference.
Besides the value, most altcoins also use Bitcoin's main implementation (Core) for their software.
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