I think you mean deflationary...?
Yes, PoS block rewards can be adjusted the same way as PoW.
The title says NOT inflationary. Could you link me to a whitepaper describing the working of deflationary PoS blocks? Seems that most don't offer an actual solution but are rather cheap "hacks" which are all easily exploited. |
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Could PoS block rewards be adjusted the same way as PoW?
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I thought that they were able to produce gold for 10+ years already, just that the price to produce is significantly more expensive than mining it.
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Propaganda at its finest.
If you run a simple calculation the Bitcoin black market is currently worth 2% of its economy (and all of it is drugs, we have no proof to believe otherwise) versus the nearly 30% black market of USD which includes organ sale, children, pedophilia, human trafficking, weapons of mass destruction etc etc.
So why is it then that when I watch a video about USD it isn't being mentioned as the "drug money"?
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The thing is that Paypal doesn't deal in actual currency but in debt so had they began accepting Bitcoin not a single thing would change, it would probably make Bitcoin worse due to fractional reserve banking, there would then be 50, 100, 500 million Bitcoins in "existence" since everyone would keep their balance on Paypal without having control over the private keys.
But they do deal in currency. You can "deposit" money into your Paypal account just like you would a bank account. Its not their money its yours. They are holding the funds until you spend it or withdraw it. Just like a bank. You can "deposit" debt, they don't accept currency deposits. You cannot send them the bills. |
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The thing is that Paypal doesn't deal in actual currency but in debt so had they began accepting Bitcoin not a single thing would change, it would probably make Bitcoin worse due to fractional reserve banking, there would then be 50, 100, 500 million Bitcoins in "existence" since everyone would keep their balance on Paypal without having control over the private keys.
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Website looks like it has been done by a 3rd grader, logo is unprofessional, how are you aren't a scam again?
If business is going so great why not drop 1k on a decent website?
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I remember reading about the developers choosing to use it despite the fact of it exposing a major attack vector, what dependencies could be potentially (easily?) removed from Bitcoin and is OpenSSL among them?
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Wow great prices! Paying 723$ for 633$ worth of silver beats any deal on Bitcointalk currently (1.142 ratio not including shipping)
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So we're paying 149$ for the 63.3$ that silver is worth by weight? (2.35 ratio) Sounds pretty good actually, wonder if anyone could beat the deal, it's certainly better than buying 1OZ silver maple leaf coins at 9450$ for a 1750$ worth (5.4 ratio) but it also makes me wonder why is no one minting coins by himself within the Bitcoin community, a 80 ton coin compressor isn't that remarkably expensive and you would get a decent salary even at a 1.2 ratio. |
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Makes me curious on why wouldn't Satoshi send all those bitcoins to an address we know no one owns the private key for (for example bitcoineater) thereby speeding up the adoption rate.
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So you are pretty much paying 9450$ for the 1750$ that silver is worth by weight?
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A question that remains unanswered is why wouldn't Paypal send an SMS with a verification code when buying BTC or other cryptocurrencies to verify that:
A) You haven't been hacked.
B) This is done truly with your consent.
You certainly can't expect us to be naive enough to believe that it's all just technological limitations.
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lol paypal ... who is still using that? ... paypal is expensive, complicated, slow and they treat you like a child. The age of peternalism should be over. Paypal is history and they know it.
Paypal's market cap is $72 billion, compare to a $6 billion market cap for bitcoin. When bitcoin's market cap can dwarf that, then you can say that. Except that Paypal is used for actual purchases and not speculation, when Bitcoin surpasses Paypal in legit number of transactions per second then you could say that. |
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Don't buy Trezor from untrusted source. Problem solved.
Of course you can run some blackbox/unit tests on device to prove that it is genuine / works as expected, but that definitely isn't something what regular users will do.
Well that begs the question what is an untrusted source? A guy producing fraudulent dollar bills in his basement is producing legit bills as far as he's concerned, they are legit fraudulent dollar bills. Same thing with Trezor, it might be an official lie or an unofficial lie but the fact that it is manufactured in China well under the control of the three letter organizations doesn't change. A device like that could be compromised in manufacturing by adding a "broadcaster" the size of a transistor in the design, it could then become possible to acquire the private keys over a distance of up to a mile. The 5$ wrench in effect. |
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Where are you getting the data from for the blackmarkets? And CP is most certainly being bought and sold with BTC, just like it is with dollars and Paypal too, but of course the government will signal its illicit uses out to make their point.
There is no proof of a widespread market for CP in BTC though. There is certainly proof for black markets that deal in CP for UDS. |
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No.
You should read up on open source software to understand why.
wrong. open source is only good if the majority bother to read it. i know for sure that 99.9% of people have not read the code line by line... and that is the flaw, lazyness Enough qualified people constantly monitor the changes that are made to the code. Anything even the slightest bit hinky would be spotted and removed or, failing that, virally exposed all over these boards, Redit, etc. There is no way the goobermint could put something directly in the code without us finding out about it. Libraries are a different matter (eg Heartbleed in OpenSSL) but that was an implementation bug in a library used by the Bitcoin software and not a deliberate attempt to change to the Bitcoin protocol.You cannot prove that however, the heartbleed bug in OpenSSL was introduced to Bitcoin despite the pleading of many members to just use PGP private keys to authenticate connections. If you run a simple calculation the Bitcoin black market is currently worth 2% of its economy. Interesting. Please explain how you calculated this or give us a link to the calculation. If you calculate the worth of the top 10 marketplaces on the dark web you get 1.25%, as it stands we have no reason to believe that Bitcoin assassinations or sale of arms is taking place. I have never seen any evidence suggesting that pedophilia is being funded with BTC. The USD black market is worth 29.75% according to their calculations. |
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Can the developers of BitCoin be forced by law to change the code according to desires of the U.S. government?
No but they are working by other means such as either buying off or infiltrating software companies in order to introduce vulnerabilities that favor them. (aka the OpenSSL bug which was introduced to Bitcoin despite the fact of having a huge additional attack vector) The Bitcoin Foundation have also voiced their intentions of helping the CIA fight Bitcoin funded pedophilia (by which means?) which is huge anti-Bitcoin propaganda. If you run a simple calculation the Bitcoin black market is currently worth 2% of its economy (and all of it is drugs, we have no proof to believe otherwise) versus the nearly 30% black market of USD which includes organ sale, children, pedophilia, human trafficking, weapons of mass destruction etc etc. |
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That's exactly what all those three letter organizations doing within the Bitcoin Foundation, introducing vulnerabilities to the protocol.
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