|
Hi, I'm excited about POT and the challenge TAU raised against - I think it is a great, innovative project.
However, I have a few remarks I'd like to share.
The first remark is about the harvest club, in particular the club leader. I understand you provide incentives for club leaders and empower the 'poor' to take part in the mining process, but the issue I see is around the idea of shifting full reward control to the club leader, who first sets aside its own reward while the rest of the reward is split among the renaming club members via the club wiring protocol.
The way I see it, this opens a manipulative window for the club leader over the club members, which could be a great concern.
The way, I'd go around this issue is by calculating harvest power percentages from each member and allocating the reward accordingly and automatically, while allowing for +5-10% extra for the club leader as added benefit.
The second remark is based around the scalability issue. While I agree that there shouldn't be an 'upper bound for block size', I fail to see how the proposed solution ('...to let harvest club leaders (full nodes) determine their optimal block size') would work given that its all dependent on future block chain technology for bringing more bandwidth and shorter delays. Here, you have to decide on your balance between decentralized and security vs scalability and centralization.
Also, the whitepaper may need revisiting, there are a couple of typos.
|
|
|
|
yes bitcoin is a great threat to both USD and pound sterling. bitcoin has a great potential and the ideology behind it and the blockchain technology is a unique one, first of its kind. so surely it is a threat and in no distant time, the world will watch it replace other forms of currency
I agree that in the not so distant future cyptocurrency will be a threat to today's currency but I also believe that at the moment BTC is not at that level to be a direct threat to the two major currencies, it still needs time. |
|
|
|
|
I think if possible you should continue with the bounties because to get anything profitable from them first you have to play the numbers game and second you should also rely on a little bit of token holding.
|
|
|
|
|
Well, for one cryptocurrency allows for great flexibility while simultaneously maintains anonymity and sometimes this is exactly what some gamblers want.
|
|
|
|
The actual true fact is that Bitcoin controls the crypto world and for the altcoin to gain independence, BTC dominance has to drop to a very low value which will be very difficult to happen. Anyways when BTC moons and soars high above, the alts will gain momentums as well.
Absolutely right! Bitcoin is at the top so for any investor BTC is a very big attraction. Its almost like why would you waste time with the altcoins when you can go big on BTC - its what I suppose, anyways. |
|
|
|
Yes that was true. We cannot deny that every project will succeed. Some projects were lacking of investors that's why they turned out to be a failure. Others were left by tge developers. No matter how other projects failed, atleast they have tried it in blockchain basis.
Oh, absolutely. There is just not enough space for all of these projects to thrive in and competition strips us down of the projects that can't compete or grow. |
|
|
|
|
Its surprising to see the poll at the same %, 42.1% for both 1h and 2-5h, I would have thought that not many people would fall into the 2-5h slot but I guess you can't underestimate addiction. Or maybe boredom?
|
|
|
|
Bitcoin ETF is needed not just for price speculation but to give legitimacy to the entire cryptocurrency sector. Now if you walk around the street and just talk to anybody about bitcoin, nobody would have any clue what you are talking about. Bitcoin ETF may not be necessary for the crypto market but it speeds up the adoption of crypto among the masses.
Also Europe is already progressing towards ETF. Flow Traders NV is already trading in ETN. ETF is unstoppable its only a matter of when. I agree with the both of you. ETF is our key to making crypto more visible and at the same time more accessible. Its a way towards BTC world-wide adoption - speaking, of the future, of course! |
|
|
|
|
I think for now HODLing is the best alternative because if you start selling now then it all this effort you made already will go to waste especially when in the future the price will double.
|
|
|
|
This is the best time to HODL
Its a hard decision to make especially given that you started much better off then what you're on now but since you've already HODLed in my view is might as well continue. |
|
|
|
|
So there are lots and lots of exchanges/ trading platforms you could use but the ones that have been already mentioned in previous posts are quite reputable.
|
|
|
|
I would like to say, if the project is very good and I really like it because I think this,
project is very promising and I see this project will be successful in the future.
Agree with you this project is really nice and awesome, this kind of positive thinking can make and take this project higher and soon this project will give us free electricity, I am sure soon we are going to see the bright and shining future, great project and awesome work done. The project sounds really interesting and good as a future investment now the only hope is that they'll work and get enough investors to make it happen because we need this product! |
|
|
|
You shouldn't even give it a second thought; just go and start mining as soon as possible. Most of the cost behind mining is caused by the electricity that is required to mine the coins. So; if somehow we can actually reduced this cost; then we can make a huge profit. So; you should definitely grab the opportunity.
Absolutely, as long as the mining produce supersedes the cost of production which in this case this is minimal since most of the electricity its free then just go ahead. |
|
|
|
Indeed; bitcoin and ripple going downturn but look at other coins like ethereum; Cardano; and neo. They do have a potential in the upcoming year also. This is the nature of this market; as it will rise also it will be down too.
Regardless of whether Bitcoin or Ripple go down or not other coins will also rise and enter the competition its only a matter of time to see which ones will follow. |
|
|
|
I don't know what exactly to say about this, but I don't think saving your coins on exchanges are that bad. Maybe it is because I store mine there, but they are just as safe or risky as the wallets themselves. If exchanges can be hacked, wallets can also be hacked. We just hope that the system is strong enough not to get hacked, and keep our details safe.
Thats not entirely true as the chances of losing you money by an exchange getting hacked is much higher than your wallet getting hacked. In addition, it adds the dubiously of the exchanges themselves, so out of exchanges vs the wallet, the wallet is by far the safest. |
|
|
|
The moves by these Transportation. Company is superb. It should in no way be underrated. I call it, seeing beyond the now.
While doing further research on transportation companies that receives Cryptocurrency I came across Teahouse Transport. Recently, logistics company Teahouse Transport has announced that it now accepts 31 cryptocurrency payment types when people decide to use its services, including Bitcoin, Litecoin, Ethereum and many others.
Their reasoning for accepting cryptocurrency is pretty logical, with the company stating on its website ‘No one knows which currency will prevail and take over the entire planet. Facebook was just another social network attempt in the beginning. Google was once the 22nd search engine. But who remembers the twenty-one search engines that came before it?’.
What thrills me most about this company is her strong willed belief and philosophy about how Cryptocurrency will be dominating in years to come. The 31 types they have chosen are currently the most used ones when people make a cryptocurrency payment at Teahouse Transport. With that in mind the question needs to be asked; why aren’t more logistics companies following suit? I think one reason for companies of the sort not following suit is because of the uncertainty on the regulation of Bitcoin and they don't what to risk it. |
|
|
|
His prediction is failed bitcoin is still down in this month, but I believe that bitcoin could reach that price that he predicted, but not this year maybe to 2 or 4 years.
Its certainly a mixture of both, its not real because it will take longer than predicted and its real as it will happen but it will just take some time. |
|
|
|
The time it takes to distribute bounty tokens is really too long .Most bounties refuse to take into consideration the fact that hunters incur costs just to promote projects and need to pay their debts.Talking about data bundles etc .But some places like bountyhive is doing well on it that is timely delivery of tokens.
That's true and sometimes this can be off putting because the rewards are so much later with no much immediate incentive for the bounty hunters. |
|
|
|
I don't think the existence of bitcoin can be a threat for the job because there are a lot of person who are job less so, it ccreats a job sector which is not a threat rather it is a blessing.
I agree with you. With the emergence of Bitcoin and the blockchain technology if anything we just got more job prospectus than before for sure and yes the crypto and digital currency can be a threat to fiat currency but it hasn't reached that level yet. |
|
|
|
|
You'll get very mixed opinions but one right conclusion for sure is Ethereum. ETH will become the successor of BTC and its best to go for a coin with high potential - my opinion!
|
|
|
|
|
Show Posts
