This question already asked many times and majority answers are :
2. Bitcoin is currency, especially since Satoshi said so in the white paper
Satoshi said lots of things but few of them hold water and a currency needs to have a stable price to facilitate the exchange of goods and no one would argue that BTC is stable and had the price remained <$10.00 then this forum would be almost empty apart from a few egg heads like me. |
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Yes I did look into this fork and we have much propaganda flying around about it as if someone very big does not want it to happen but it does seem to be going ahead It will trade as B2X and the price was about $1000 the last time that i looked and if the coins are free and work nice and fast then what have we got to loose My post about Lightning seemed to vanish at lightning speed https://bitcointalk.org/index.php?topic=2648868.0I don't think Lightning network is going to save anyone and I am not alone with my concerns so anything for now that takes a load of BTC is doing all the alt-coins a service and might give them some breathing space to come up with a better plan |
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Bitcoin was designed to be decentralized and this was a key part of the project and peer to peer (P2P) with " Virtually free transaction costs" but it would not scale to anything more than seven transactions per second due to the block size so they are trying to promise that everything will be fixed in six months time using the super fast lightning network. See the video, it is not me making things up https://www.youtube.com/watch?v=UYHFrf5ci_gWelcome to channels that use hubs and are much the same as banks and is anything but peer to peer which might offer a bit of a solution if you want to buy a pitza from the same shop ten times a month and risk your money being stolen but for all other practical uses this lightning sticking plaster will not solve anything |
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but that stupid market attention, and "gas" for transaction of one established plattform is significant
Gas is paid for in ETH and is used really as a deception so that anyone using ETH to host a alt-coin will have trouble understanding the billing system for the new token it's based on resources used in contracts (These are not .pdf files like you said they were) if you use ETH to host your shitcoin inside a "Smart (My ass) contract" then instead of saying it costs $0.01 to store a number (int32) for the coin amount in the block chain they say it will cost 21.01 gas but later the price of gas is increased so instead of paying $0.01 it goes up to $0.55 So who can understand 1 ETH = $700 and gas is 0.00002000 and it costs 21.01 to just store a number and this is by design but ETH offers something, hosting beans in a block-chain however your Waves and BTC don't really offer anything in return apart from being a store for Hen's teeth but one is fast and cheap for sending them (For now) and the other is expensive and slow. All three are crap because they use a block-chain and therefore none of them will scale |
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I think people are obviously very bullish on ignis and ardor. I think I am. They’re not really nxt tokens. It is not that uncommon in crypto though. Segwit futures were trading at over $1500 at some point.
Was $1000 two days ago on B2X and the fork is back on for the 28th of this month but i don't get whats going on with Segwit2X and it seem like a bit of a taboo so maybe you can cast some light on it for me. p.s Do not look under the table, will do you no good |
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That's nuffin and what about BTC trading for $19,340 on the 7th of December in a spike that was written out of the charts
and yet it was over $19,000 for about half an hour.
Start letting facts like that get out and the mejia cannot say "All time record" a few days later.
Don't forget that the Mafia owns the casino, we are back in the 1920's and not only do they have
magnets under the table but also a gun so don't go looking will you now
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The one I wanted sold out after 22 seconds but i will only tell you the name (I lie) if i can
sit on you knee
The bankers are all over us and whats left is bones
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Yes so let me know when he learns to understand code and something about how things scale and do tell him to take his PoW power wasting scam and the CPU war he started and to stick it where the sun don't shine. The wheels are falling off or have you not noticed yet and as for inflation, well the money supply doubles on each fork and we are in a right mess with $45 transactions fees and i have not even started on him yet. |
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i am not marketing for them i am just telling in this forum what i observe, i use currently both ethereum and waves,
But you said ETH took ages when it only took seconds for me and you think that a contract is a .pdf document so i am still waiting for my kisses from you, cough up All these block-chain systems work fast when not under load or the database is empty but they will not scale |
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Nah, and here's a tip for the future.
Yes well said mate The bloody coin I want sold out in 20 second and even if I got some it would not start to pay off for two years so yes, the bankers are throwing us bones but being a developer I see things the arcade game players would know nothing about. |
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Yes, so you want me to put some coins in this slot machine just so you can get paid out on the IOU it owes you.
Tell me what makes this slot machine look better then the one next door apart from it does PoS and not
PoW but does not do contracts like ETH
No transaction fees ever maybe or is this one a special one that sell holiday vouchers at discount prices or something
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Don't know so tell us something about it yourself instead of being lazy because we have 1500 names to pick from
and no one knows much about the out-side shoots.
Is it a token from WWII and when you had to queue up for food ?
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The ICO I wanted in on lasted 22 seconds
Sorry people the bankers (Call them whales if you like) are throwing us the bones
Please don't ask me the name because somehow I am going to try to worm my way in
if you see the term "Block-Chain" then run a mile and run double fast if you see the term PoW
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We need BCH and BCI, BCJ............................... BCZ
You see as it has been implemented this block-chain will NOT scale but if they split it up into
24 chains then it will buy some time and prevent the DB file becoming too big to distribute across
20,000 miners and keep the data in sync.
These forks are a waste of time apart from the reason stated above and playing with block sizes
will not fix it if BCF for forked gets many trades or becomes ten years old.
Repeating the same mistake each time we fork will always result in the same outcome so let me introduce you to a
new word "hierarchical" which does not force anything to become centralized and under the control of the
government and yes, it know it's a difficult concept but you can still have a public ledger and have a linked list
for the block headers if you really insist on it.
Lets look at the numbers
BTC network (At a guess) 1000 X more CPU power than total CPU power at VISA
Transaction per second
BTC =7
ETH =15
OITA = 100 (Tangle, not block-chain)
VISA =25,000 (Semi centralized)
Pow = Rev car engine, leave car out of gear and burn up CPU and 72KWH of electric just to store 250 bytes of data
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Many people have said that Satoshi Nakamoto is not one man but a team and that a white paper got dropped in some crypto forum and
that the CIA are behind it.
CIA/NSA are more or less the same thing and all that missing now is MOSSAD from the plot
Big oil loves PoW because already it cost 90KWH per transaction and Intel & Co loves the CPU war going on between miners and
we have Wales (Banker really) pumping and dumping.
I know, when it crashes let blame Kim from North Korea, Putin or Bin-Laden and send the US forces in and then, well then building
seven just fell down
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for me this sounds like a nother blockchain stupidity like "open source corporation of eos
oy, don't tar me with the "Block-Chain" madness because i keep saying it's BS and won't scale because i know how to program and we have this thing called "hierarchical" and that does not make it centralized and therefore under the control of the government or big brother. Transactions per second BTC=7 ETH=15 IOTA =100 (Not block-chain but still too slow) VISA=25,000 No sir, don't you go mixing me up with them or any of the PoW academic BS they are pedaling "Waves uses trusted gateways to issue blockchain tokens" oh look, move in right direction, coordinators, nothing wrong with that and " proof-of-stake " because nothing, but nothing can be worse that PoW but BTC was fast when it only had 10gb of data on test-coin but it does not scale when volume or size get bigger, it's not hard to see. |
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Im not sending anything. This makes me pissed off. New currencies deffinently have a place in this market. And the more decentralized the better. Which is the most decentralized crypto ever?
Yes decentralized and you can still have that without ending up with some monolithic 200gb block-chain held by 20,000 servers because it does not scale as you are stating to see and really any two bid programmer would understand this and this is why it cost 72-90KWH of electric just to process one transaction. decentralized coordinators and hierarchical breakdown of data will work just fine but you will need more than just one machine running in a student bedroom to get it working and don't even get me started on this PoW crap I mean, come on we don't price data in bytes, we price data in megabytes or gigabytes or am i the only one here that can see the king has no clothes on. |
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everthing can be contracted you IT freak, just write it down on paper, a digital contract, can also be not fullfilled as one on paper...  Yes DNS serves, File system, anything and you just write it down on paper and post it too the accounts department Keep going but without love en kisses I will continue to let you make a fool of yourself and you will even laugh at yourself when you "Get it" so come on, pucker up them lips |
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smart contracts are in my oppinion not significant, you can make also a contract the old fashioned way get it signed by each party and then store it as a pdf,
oh dear, it's clear that you are out your depth and don't know what your talking about and yes I know that's upset you but send me some love 'en' kisses and I will let you in before you make yourself look a bigger fool |
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$2 for a fee of ethereum, that is crap.
Crap, crap you say because i can mention the name of a coin that's costing $45 per transaction today and i think you know which one i am talking about. Not sure how you can piggyback a currency if it does not allow contracts and i am after something were you can deploy full blown applications and not just bean counter so where should I be looking and if you think that's asking too much then you have no concept of what is around the corner (2 years at guess) because it blew me away but i cannot buy in, sold out already |
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