R3 Admits Defeat, Stops Blockchain Development
R3CEV, the largest blockchain consortium of banks and technology firms includng multi-billion dollar institutions such as Barclays, Credit Suisse, Bank of America, Citibank and HSBC, officially admitted defeat and moved on from blockchain technology development.
Over the past two years, various consortia and bank-funded blockchain startups raised billions of dollars to utilize blockchain technology in optimizing the global financial network. The vast majority of developers of actual cryptographic and open source projects such as bitcoin and Monero have explicitly stated that the utilization of centralized blockchain networks isn’t efficient due to their severe security flaws.
More importantly, blockchain technology isn’t structured to handle millions of data sets and hundreds of millions of data points in real time. In fact, one limitation of bitcoin as a digital currency is its inability to facilitate massive amounts of transactions faster, like a settlement network to be critical. However, bitcoin users, companies and developers aren’t pushing for reckless developments on top of bitcoin to ensure appropriate security measures are maintained.
In a presentation about the R3 Corda, R3CEV engineers, developers and researchers stated “No ‘block chain’ because we don’t need one,” admitting that the utilization and implementation of blockchain doesn’t fit their vision and more importantly, technological compatibility.
The global financial industry, network and ecosystem are in urgent need of an overhaul of infrastructure and architecture. It is very difficult for anyone to facilitate payments efficiently through bank systems and regulated financial networks.
R3CEV still maintains a development team of high technological knowledge, foundation and experience. With its team of talented blockchain and bitcoin developers, the R3 consortium will be able to come up with a piece of software or financial network that could most likely drastically improve the global financial industry. However, blockchain technology isn’t what the consortium needs because it simply can’t be implemented into fully regulated markets without tampering with security measures of blockchain technology.
In the upcoming months, the R3 Corda and the R3 development team will allocate its resources in developing a platform that is compliant and compatible with industry-standard protocols such as AMQP, JDBC and PKIX, while sustaining a close relationship with regulators to avoid any potential regulatory conflicts.
Ever since its launch, the R3 consortium has emphasized the processing of massive volumes of data and maintenance of a transparent and immutable network of financial operations. It is certainly a smart decision to move on from blockchain technology which the consortium has failed to implement and commercialize in a large scale.
Peter Todd, Bitcoin Core developer and well renowned cryptographer, consistently criticized the efficiency of R3 Corda and the R3 Consortium’s other blockchain platforms. He described it as “bitcoin without blockchain.”
Now, the R3 Consortium and its developers can have the freedom to work on whichever software or technology they believe are most relevant in solving the global financial industry’s major problems.
Could you post the source? No, that retard is smelling some heavy shit and pulling walls of bullshit like a spam bulldozer. Im afraid hes in a state of denial. |
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And what do you want to see? i will implement it especially for you  Abdomen. U dont need to implement that coz everyone has an abdomen in a gut container located below bag with lungs. I have *almost* finished coding a virtual abdomen, it contains blockchain gas, solid substances that clog colon in animals and humans during fecal impaction and other \stuff that I will throw on crowdsale. If interested, read the whitepaper ----- but first, simply acknowledge what I said. |
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Why do cats meow, why do dogs bark, why does crypto trade for fiat? Why does everything exist? These are the questions Im looking to get answers to. If u happen to know whats happening hit me up via pm here or on forexfactory and together we will try to decrypt the hidden message of universe and find out what has bothered the greatest minds of mankind for thousands of years.
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Hello, i am very new to cryptocurrencies trading , i started the trade on Poloneix platform . i had 3 bitcoins changed them to Zcash which left me with big losses as the price of the zcach fall dramatically. then i switched to trade Navcoin , again this coin lost its value next day as i bought it .Now i have 30000 NAV coins . i cant even sell them . i am not sure that this coin can revitalize or even regain its value . How can assure me that i am not right and there is a chance for this coin to be worthy . please advise . many thanks in advance
Why you say you can't sell 30k NAV? If you need assurance look here: http://forum.navcoin.org/Put your coins to Stake and chill out man! Have u seen the price of BTC? I dont have that much. In fact, I dont hold any nav lads. I would love to, but I dont have any btc left. Sold everything, and dumped the remnants yesterday night. If u earn a living from staking nav I pity u, and will perhaps make a donation to ur dad, he will use that money to slightly repair walls in a punk garage where u live. |
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Well atomic spams my PMs with fancy messages claiming melania devs are the scammers and to claim my coins from them. The devs say otherwise? WTF?
See, theres something u fail to grasp because u of ur short-sighted type of thinking. I gauge stuff based on the cumulative weight of positive agents and negative factors, shortcomings, development failures and other negative turns, afterwards I calculate the mean deviation Σ|shc - μ| / amnt where shc is the quantity of shortcomings, and amnt is the amount of good luck that foreshadows desirable changes. Someone PMing u with silly talks could be a signal that ur bride will have two kids. |
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lol who is Brazilian u people are weird anyways back to working on the site this was fun
Site needs redoing. Im half-brazilian and half-japanese. U should rather define a relationship between plummeting prices and people moving their miners over to other alts than retaliate with toilet jokes. |
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not very simple to understand, im going to read and aìunderstand, i hope Please ask any questions after reading so we can help you understand MyBit. My question is why are u still here? I told u to purge ur posts and vanish but u ignored and kept on building post counting in this thread. My take is that ure here to embarrass urself even more than u did yesterday by posting an obnoxious remark about ur own mental health. |
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This is going to be very funny  What exactly? Have u been released from psychiatric hospital? |
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The change in memory usage (Linux 64-bit) from Monero release 10.1 to 10.2 is just impressive (had some downtime in between the update):  Wow. That is really impressive. I havent checked how much ram gets eaten on windoze but I can bet its not less than 3gb. Theres still an uncertainty with enormous ram consumption and cpu load during sync, and this is why I never fully synced the daemon. The frustration of waiting problem. |
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To those missing 1 TIME from displayed total on dashboard, I brought it to our CTO. He said it was an interface rounding issue. This caused some to see 1 more TIME than they actually have. This has been fixed. The total still displaying in dashboard after you already have withdrawn will be gone once distribution data is imported. Thank you for your patience.
Nice that u brought this up. Basically u were the only presenter at satoshi roundtable who was talking about the reason why its called roundtable and where all this rounding stuff is coming from. U handled everything faster than I thought but one last thing still awaits resolution. Boot linux if u have it handy, and proceed to compiling the chrono source code. After 5 minutes u will stumble upon a system message saying that "keypool added middle finger key 94". Whats that? |
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What was the exact number of btc's lisk raised?
14.000 Thanks, is there a break down how they have manged to use over 3000btc? This shit is going to get milked by them and people are going to sit and cheer them all the way to their German fiat banks. U gotta realize one day that those numbers aint real. The ico addy was filled with fake bitcoins, most of them are not part of the real contributions. There is plethora of heavy bastards with money all over this land, and they can use their own money to imitate real activity in the crowdfunding as if that money is raised organically. |
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We will release some Public contact Informations soon. If someone needs Contact Information, then he have to E-Mail us.
Nice to see any new emerging projects. I hope that your work exchanger on crypto market will be long and reliable. Theres a potential flaw in the diamond governing structure. U cant claim ur coins after they have been generated thru staking, they simply vaporize for unknown reasons. Some evil essence hardcoded into the blockchain is in charge for this. I know what Im talking about, and Im deadsure everyone else noticed this too but they all were forcefully silenced or killed. |
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Ah I see. U let kids play warcraft and watch porn free of charge, how good of u man. There u have free or nearly free electricity, so ur altruistic motive of providing free web to strangers is totally understandable especially if u have been arrested but recently freed on parole. So u are running a charitable internet club so as to compensate for the guilt of the wrongdoings uve done during ur life.
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I just checked ur account and posting history and nothing seemed weird to me. I will sign in to ur account to read ur pms and check ur account settings for integrity. Will report back if / when I find something suspicious. As u are brazilian, u should dump ur real for usd or add to shorts. Real doesnt look sexy and starts lagging behind indian rupee. |
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FYI:
Some major Chinese traders got scared of the halt on Bitcoin withdrawals in the three major Chinese exchanges. It seems they are moving funds to Western exchanges. Antshares asks side in Bittrex doubled because of this.
An increase in trading volume in Bittrex will confirm this.
Still not confirmed but look at that. Yunbi's volume gone. Next Yuanbao.  I don't know why Chinese traders even use Chinese altcoin exchanges, to be honest. Yunbi, Yuanbao, and 19800 all have a $0 withdraw limit until ID documents are uploaded. Bittrex has 1 BTC daily withdraw limit for unverified accounts, and 4 BTC daily withdraw limit for basic SMS verification. 19800 daily limit for withdrawals is 10BTC or 1000000 (1mil) ans daily after you confirm your ID I never heard of that exchange. Lmao 10 btc is like an annual zimbabwean budget. Why not make the limits even less than that. Make it 0 btc per year and let that exchange morph into cryptsy #2, it would suck money like a black hole but never let anything more than 3 penny out. |
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I told u already, this is because of a color choice. If the letters were red or smaragd nothing like this would happen. To hedge against collapsing value of multiple crypto assets, including brk, I opened a puppetry street booth where I myself perform a mini-show of wooden marionettes on wires. I accept payments in brk only. |
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This is a good improvement,they can do better right now there's low sales of altcoins in exchanges because so many transactions are delay getting confirm,it's so unfortunate that we will never see this coin on other exchanges like ccex but hopefully it can get in on Yobit. Btc is poised to tank today or tomorrow to well under 600 bucks, ur job is to take advantage of this. Yet u spend ur time in a non-coin thread. But I must admit I love the name but green fonts are ugly. If I were u I would use a font color from Alien: covenant trailer. Bitcoin to 600 usd? You lost btc train? Btc will never going back to 600 bucks. March ETF is coming. 600 if not lower. I cant reveal more but Im pretty confident massive selloff is coming to da town. Im prepared to see the blood. |
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Fantastic! looks great! Trumpcoin to the moom! Thanks for this Oh I won't miss that phrase "Trumpcoin to the moon" This was said over a million times for Trump and guess what was the outcome all the time? "Trumpcoin to the seabed" (to the dumb fucks like this guy, it means a HUGE DUMP) did you have a bad childhood? were you abused? Nope.... I actually had the best childhood, and still living the dream during my adulthood too. But hey, let's stay on topic here about Trumpcoin. I know you want to change the direction of this convo, but it's not going to work silly. I know you would do anything to steer this convo, so noobs continue getting sucked into this scam...... No, seriously, if you need help I can recommend you a Psico dealing with deep traumas in life. You can not carry on like this. I feel bad you are in pain and suffering. Seriously, if I needed one I don't think I'll be asking on a bitcoin forum LOL.......... I'm here to expose Trumpcoin scam, I know you have nothing to say to stand up to me about this scam which is the reason you are changing the topic. This topic is not about me, it's about Trumpcoin silly  PS: Learn some spelling. I can teach you that, if you give me some Bitcoins  It's (Psycho) It seems like peeps are congregated in these threads to talk about politics and trumps incompetence but very few of them realize that donalds eyes are monitoring every their move and every single post in trump related threads on btctalk. I have been saying this from the beginning and will repeat it again as part of my educational insight into conspiratorial belief in trumps power - trump is behind every such thread. I know u guys are all trumps shills trying to turn crypto in his favor. |
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Is there any reward for running a relay or a hub?
No theres not unless u send urself some balls from ur own wallet. |
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