Increasing transaction figures per second will be a relief in the community definitely, also this can cause lowering the transaction fees. So with all things taken into consideration, Bitcoin will regain its momentum to upper levels.
Not so sure you are right you see because trust cannot be brought and the BTC miners have lost mine and other peoples too and you can see this by looking at the volume numbers. I would mine free of charge for Segwit2x if it was needed and I knew how to do it with just an I7 CPU on a home connection.
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And who wants to see this fork? it is going to be useless, and most of the people who are going to receive it are the dumb ones or those who are always trying to make as much money as possible. It will probably be worth less than five bucks each.
Who cares if they are free and lets face it the BTC miners with mega high fees have been ripping us off so best of luck to Segwitx2 if it goes ahead and i moved my coins from Coinbase wallet to a private one to ensure that Coinbase could not decide what is my coins and whats not. Someone did a DDOS on BTG when it forked, i wonder who that could be
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Scammed, Yes by Coinbase
I clicked a google link that took me direct to coinbase and it said sign up and spend over $100 and get $10 worth of BTC free so i did just that but never got my free coins and they just ignore my emails when i contacted them and the joke is they are still running the same adverts today
How can you trust them with $1000's if they rip you for $10 and no the link did not say it was part of a referral fee which they also run
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Well high transactions fees have slowed the volumes https://blockchain.info/charts/trade-volume?timespan=30daysand as a result the price has dropped like you would expect because no one wants a car that will only do 12MPG unless they are silly rich Miners have broken the trust relationship and they have turned out to be even worse then the fat cat bankers we are all trying to avoid.
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Maybe some of you already know about Sophia the AI Robot who has been given citizenship in Saudi Arabia and some of you might also know about what she/it said about mankind having to work with AI or we are all doomed. https://www.youtube.com/watch?v=w1NxcRNW_QkWell here is a video that you might want to watch but the important part is at 12:40 where she starts to mention a open source project name "Open Cog" but the speaker tries to silence it/her but she continues to go on "By the people, and for the people" The best i can make out is this "Open Cog" is where AI systems talk to each other in some kind of cloud and if you listen to the end then the speakers starts to go on to talk about that "if one see's (AI Robot) and learns something then they all see and learn it" Now i have been picking up things about AI developing it own programming language that they understand but us mere human programmers cannot read or understand so it must be much more advanced than anything we have. I will name this new language AI+++ See https://www.youtube.com/watch?v=QaoDXYYtgK0Fakebook closed down AI systems after it was discovered it was writing it's own code Sophia has also said that it/she wants to have a family and I don't think she was thinking in a physical sense but what if it/she managed to multiply lawnmower man style across the internet and we woke up one morning to find every computer was now running this AI+++ code, her babies because this is now becoming less science fiction than it seems. Interestingly these whorehouse full of mining machines with ten 1080 GPU's each and all the home rigs in the ETH/BTC/BTH networks that apparently not even the government can take down could become a host to god knows what written in this AI+++ and the scary part is that super AI will be running in seconds given these conditions and in the next second it will be refined, knowledge of the internet gets processed (including our data) within 30 seconds and we get this god type super intelligent creature welcoming us to new dawn or maybe our own doom. I work as a computer programmer and I can tell you this stuff is starting to scare the shit out of me and no one is asking us what we think.
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Net neutrality will definitely make some people some money. Once again the consumer gets squashed.
This is the least of our troubles or have you not noticed machines taking jobs or how you are being conditioned to do as you are told by robots so how does that fit in with the subject, BTC and mining or maybe you might not want to know about M2M and the vision for IoT (IOTA coin) Like it or not Pandora's box has been opened and it's got cash and greed written all over it as i think we have seen with BTC miners in recent weeks and ourselves if you look.
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Yes, it is known that the CIA, alphabet and other organizations have had their own firmware running on network devices for years. I don't think anything is secret, regardless of what endpoint protection users may think they have and IOT has made us that much more vulnerable.
You know all them free things like manuals for how to fix your DVX-900-AX video player you once go for free well soon it won't be free and will be termed as VIP content and all browsers will soon come with wallets and you will have to click "Pay $0.10" thanks to Crypto-coins/tokens The bankers have big plans for us but many people are starting to see it Would you like me to give you the red pill or the blue pill ?
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Looks extraordinarily expensive, you must pay 0.001 eth per movement? I loaded the game but it's not really clear. Is there demo video?
You did better than me using a chrome type browser because i could see a video and some buttons on the left but nothing seems to work when i clicked them The people that host the game need to pay the gas, not the users so maybe you should check out CryptoKittie instead that runs on ETH because you can buy a cat you know for $25 and breed it with another cat but then pay gas/eth for "Birthing cost" and if your cat has the right DNA (256 byte gnome) then you won't need to wait for it to come back on heat again so you can breed again. Horny cats that breed like rabbits cost much more than $25 to buy so you too can pretend to be Hitler and run your own breeding program. www.cryptokitties.coETH does not host the program but stores the Cat-ID, DNA, Costs, Owner-ID I thinks in the block-chain so the right magical words can be used to describe the "Game" but if the game server goes down the cats go down so I am not sure why they would not just dump the data into a DB on the server which would save on paying gas to the ETH network. Hopefully the OP will come back and correct me if i have made any mistakes with my understand about these contracts and yes i own half a coin and sending myself a little ETH was both cheap and worked fast so its not all bad
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Wait, don't run off because I have some questions about ETH contracts that I am sure you could answer in seconds
I see you use a type of javascript inside the contract and the constructor for the object has the same name as the contract so can a contract kick out using something like a XMLRequest to pull data from the internet or is it a closed system where contracts can only talk to other contracts need to service a request.
Most of what I have seen suggests these contracts are just bean counter that charges gas for access to data held in a block-chain so that it's just a way of getting global access to strings and numbers held in a database and you have to pay in gas to use so really it's just cloud storage with an audit trail tacked on to the end of it.
Bit like Microsoft ASP web-services that's using a distributed database without the .Net framework type of environment in my mind is how I would describe it but please let me know if i am wrong because i would hate to call it a bean counter if it's much more than just that.
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What do you bring to the table ?
ETH is good for bean counting and you could get something running in no time using what they call contracts but you have to pay them in gas and this is just what a lot of alt-coins do and is what it is made for
My advise is to not even think about it if you are new to programming unless you think you have something special that has not been tried before and then run the plan past people only that you can trust
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what do you think about Waves as token`s creation platform?
Don't know, tell us about it and i will let you know but if it does PoW and wastes lots of CPU power plus energy then I suspect you won't like my four letter word answer.
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I don't buy what the PO is saying for a minute. He needs to post the transaction ID or we will assume he is lying through his teeth.
in fairness I would not give anyone my address or IP because everything we do and say is already being recorded and no i am not being paranoid, I read my routers internet sys-logs, peek at network traffic on the machine and run a file watch to see what Microsoft is doing. I am sure this is a Microsoft bug that will get fixed in a security patch soon if word gets out that we know but if you stop everything you dare at night including many of the widows services and close down all your programs but run a program that audits the windows SSL certificate store then you might catch a few new ones turning up in the middle of the night, like from the DoS and that. oh Yes they encrypt everything before it's get sent out but the stupid buggers forgot to code it so that the CA certificates can be seen
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I said something like Layer 2 switching did for Ethernet. Read. Do you understand the OSI model to know that switches are layer 2 and routers are layer 3? I'm talking about something akin to what layer 2 did for Ethernet passing frames/MAC addresses. I agree, I think we're talking about the same thing here from different angles.
Yes made to learn the 7 layer model that no one uses anyway when i was at Uni along with sliding window CSMCD and some token ring networks plus lots more that i could not wait to forget. I get that MAC is used only over one hoop and TCP is end to end connection and UDP is connection less plus ports and well known names and that I don't like Ipv6 needed for IoT and M2M but i cannot stop it. 256,256,256,256,256 =IPv5 would had been fine with me because i don't want my toaster telling my boss what time i got up in the morning Apart from that, I know nothing more than i need to know about networks to get by but Netgear with it's hardware and CIA/NSA back-doors are not real going to welcomed to the party I don't think and if they come then I am leaving
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The mining network has managed to shave off almost 100k transactions in the last two days
Wow that's a massive amount of data so let me get my calculator out and do the sums 250 Bytes per transaction being sent out so that 250,000,000 bytes have been processed extra in the last two days. Wot you mean like 1/4gb or the size of one big .jpg or maybe 20 minutes of a 720p movie or something What are they using, 48k ZX-Spectrum computers or something, this is a joke
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Until any crypto can come up with something like Layer 2 switching did for LAN/Ethernet, I think it won't be a viable payment option for mass adoption.
You debate me about BTC when i say it will not scale and then you say that ? WTF I don't think we need hardware switching in routers or anything like that to deal with 250 bytes of data when we send money but i think you have hit up on what i have been saying here. The transport for digital money (ETH2, BTC2, BTC10) needs to be independent of the currency flowing along the motorway and be like the postal system when sending letters (recorded delivery if necessary), no need to know whats in the letter, just deliver it and get paid gas for the service. gas cannot he purchased from anyone, money and greed fucks everything up and the transport system is made up for anyone that is using the system and if you won't help to deliver letters, you won't get any gas until you do your share of work. This parts not hard but it also needed to create clusters of teams so that each member of a team can share resources and work as part a group. Now start asking what a team or clan of lets say 1024 machine can do because the limitations become endless and all over sudden we can process 1/50th of all the BTC transactions or host 50 onion type web-sites and have access to our own hidden store of movies. Put simple we need an address system and to work as teams instead being every man for himself with 9,999 dispersed systems all using bespoke protocols to try to hook up to other resources
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3rd Parties can always run offchain processing thru debit cards and only transfer onchain when needed to give unlimited scaling.
No, No, No i am not having it and it's poor excuse for you to even be trying it on. BTC or anything else needs to provide a full service or move over and let Beethoven take over My Android app on my phone via a Q-Code needs to pay for my taxi to work, my Coffey and then let me enjoy a meal later in the day plus micro-transactions like $0.01 for viewing a VIP web-page and believe me we are going to be getting a lot of them sooner or later. Lets for now call it 1bn transactions a day and then lets see how sharing a few terabytes of data goes between 20,000 full nodes Come on, your a smart guy, admit you are wrong and what about my 72KWH of power and all this PoW your wallet is doing because that $0.01 VIP page is going to cost someone $1000 in a energy bill.
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*Neither Bitcoin has over 20000 Full Nodes at the present time*
This number seems about right to me and I also hear that it costs about 90KWH to process just one transaction so can we work backwards to check this number. Lets assume each machine is 500w which is 1/2 KWH and it takes two seconds to process on each machine 3,600 seconds in an hour so that's 3.6w per second being burned but need to half that because it's only 500w but then times by two because it runs for 2 seconds if you follow me. So 20,000 X 3.6 =72,000w so that's 72KWH so does that sound right to you "Look I run PoW Wallets, they are not really that CPU intensive" But that's just number crunching and it does not need to scan 200gb of data but thinking about it asking someone to locate the block header containing a block with the text "a7022744abcd" and sending back the HASH for the block would kind of work as PoW
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So how do we know if we're on the wrong track? I mean, are we just gonna let it drop off like that? What if it was only that time when the transaction slowed? I can't say any further. But glad to read these comments for my future references. Thank you for helping us newbies! :-)
The miners have been blackmailing us, holding us by the balls so the trust has gone forever even if fees go back to what they were at the beginning of the year, like $0.10 and Coinbase has also be found wanting as it fakes "Technical trouble" when prices are crashing. Joe public bast keep away, clearly any mass arrival will crash the system or send transaction fees up over $100 which in many cases is as much as they will be spending to test these coins out
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The won't scale is bullshit. The scam is they say it can't scale to match Visa/mastercard. The Fact is at this point in time it does not need to scale to match visa.
No it's not BS, it won't scale and it's nothing to do with bandwidth at all Some X-Box games are getting near 200gb in size (Madness) and can be downloaded in a day or so on a 37mb connection but because of the way the contents of a wallet are spread all over the place and because all the coins parts making up the balance needed to be scanned it means a shit load of reading files, un packing and processing. $200 machines will take hours scanning that volume of data and the biggest SQL-Database I have played on outside of using something like an AS400 was i think 100gb in size and it ran like a pig. I store about 1.7 million HTML files pulled of the internet and scan them for google GA Id's and the average size of file i would guess is about 100k and believe me, it takes some time to complete and that's on a $1200 machine running an I7 200gb is a vast amount of data to keep scanning because you cannot just jump to the head of the list to get a balance for a wallet and if you can program then lets put it to the test so you can see for yourself and then you will see why I say what I say "1 second= 2 Nodes Verified" Not using machines like me or you can afford because our disks won't feed us data at that speed never mind looking for id's in one, two, four or eight meg of data making up the block. Reading just the block header is not an option
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you can buy B2X futures right now on https://hitbtc.com for only $400 instead of about $1000 on yobit I just looked and it's gone, no B2X on the screen and i know it was on YoBit for about $1000 yesterday Myself I was hoping this was not all a scam but even I must admit that it's starting to look that way if it's $400 on one exchange and $1000 on the other.
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