You know, it's possible that both are apart of the future of crypto?

Both coins have a massive amount of work being done and ideas being pushed around, I see innovation with both coins happening every week.

Due to the nature of crypto and especially with the big coins, BTC and ETH, the coins attract development just because of peoples investment in them.

In a way the high values for BTC and ETH secure countless hours of work from developers and experts all over the world, it really is a synergy of money and intelligence.

With so much to lose with either chain falling behind, it's unlikely we'll see the number one spot taken, but at this point I also cannot see the number two spot being taken either.

For sure, these two coins are here to stay.

Good targets to aim for anyway with new coins. It shows that to target the top you need to go really far.

The main thing on my mind is the question: What is the total supply of AMP that will exist and I believe that knowing this allows us to accurately value AMP and Synereo.

For example I heard a figure of the total supply being capped around 100 million, which seems to be an ok figure.

The figure that only 5% of the total AMP are currently on the market scares me.

Disclaimer: I only own a little AMP at the present time, though that might change.

So Synereo/AMP is currently number 3 in market cap? $250,000,000....

What is the max amount of AMP that can be in circulation?

Coinmarketcap says about 65 million in the market right now.

How much is being held by the company?

Interesting point, I suppose it doesn't matter which Ethereum chain IOTA works alongside, if any, I just wanted to know how likely there will be any future cooperation and if cooperation is even needed.

Is this based on the original zerocoin idea?

http://zerocoin.org/

Neat, looks like it's the same team, fantastic.

https://z.cash/team.html

From what I have read IOTA will not compete with Ethereum but rather compliment it or even integrate with it.

This may have already been discussed but I can't find it anywhere.

Can someone explain how the integration would world, ELI5?

Thanks!

Thanks.

At these rates iota is current'y trading around a market cap of $18 million, have I got that right?

Bitcoin.

Whoever owns the private key owns the Bitcoin, it really is that simple.

It's like a lesson is never learned.

The scammers succeed because of greed.

It's not enough for these "victims" to earn money and buy Bitcoins, arguably one of the most secure and powerful forms of money in the world, but they need to get rich quick and that is why the scammers win, these people are greedy, these "innocent victims" are greedy and want more more more.

I've been there, I have been greedy and had a low due to my greed. I essentially let a scammer take my money and it was an important lesson to be learnt.

Unfortunately I don't see 2017 as being any different. There will be more "innocent victims" looking for get rich quick with 10% daily returns or margin trading on dubious exchanges and there will be scammers ready to part an idiot from their money.

I've been there, I've been the idiot.

I believe that I have learnt my lesson.

Will these "innocent victims" learn this most important lesson?

An attacker needs to generate a longer chain to be able to double spend.

Creating a chain 1 block longer than the current legit chain is easier than going back 4 blocks or 40 blocks.

For example, going back 40 blocks means that you to beat all of the computational power put into all of those 40 blocks.

I don't believe that any one has actually double spent 1 confirmation except for that time Bitcoin forked due to a bug in the code.

However when talking about the traditional 51% attack, I do not believe a 1 confirmation attack has ever been pulled off.

It's all about economics. The amount of computation power required to pull of a 1 confirmation attack is obviously huge and anyone trying it would have to have a good reason to do so.

Whilst no one is going to double spend 1 confirmation for a coffee, they might double spend for a $100 million transaction. Of course the real world plays apart here.

If two banks were transferring a single huge value transaction and one of the banks fired up a massive ASIC farm to double spend, the other bank in the real world will just sue and get their money back.

So it's really a very unlikely situation that there will be enough value in such a transaction that has no real world legal consequence that a double spend of 1 confirmation will occur.

However, a valid reason for a double spend attack would be by someone trying to ruin Bitcoins reputation.


Nothing is ever 100% secure, but 1 confirmations are very secure and 6 confirmations are even more secure....

+1.

Every time Bitcoin goes up all the alts go down....

... For a short amount of time anyway. (They don't stay down, that's for sure!)

My least favorite thing about Bitcoin is that it's currently not able to compete with other coins.

So that means it misses out on:

1) New and exciting uses for the block chain (think Ethereum)
2) It cannot scale (But lightning network is around the corner right?)
3) It's as open as day and currencies like Monero simply blow it right out of the water.

Now side chains might be a solution, but I've heard that side chains are quite weak and a 51% attack doesn't just allow you to double spend, a 51% attack allows an attacker to steal all of the coins on a side chain. (At least this is how it was described to me when the side chains were first announced).

Even if Bitcoin could have a Monero like side chain, it may never be as secure.

I wouldn't mind being proven wrong here.

How secure are the loans on Polo? I mean it's possible to lose money on the loans isn't it?

Is the marketplace similar to the one in nxt?

Really the only universal currency for the universe is energy.

From energy matter can be created or transformed, I'd imagine a sufficiently advanced civilisation to be able to turn dirt into gold, the key ingredient here is enough energy to perform the conversion.

If energy is the baseline currency of the universe, then what comes closer, Bitcoin (or another crypto) or gold?

This just boils down to the energy requirement and abundance of that resource.

There are asteroids full of gold, remember that dying stars make a lot of gold and spread it out among the cosmos.

Gold can be converted from something else, the question is, how long until mining one bitcoin (or one bitcoin worth of transactions) is of the same energy requirement that it takes to convert a lump of dirt into a lump of gold?

That's the thing, an advanced civilisation could take a ton of water and via matter conversion/particle accelerators or advanced almost magical technologies and turn that into a ton of gold.

They can't turn the water into Bitcoin or Monero.

Of course they can try and use their immense resources to break Bitcoins keys or attack the network etc... and again if they succeed comes down to energy.

Sorry for my ramblings.

But yeah, I don't think that Gold will be the universal currency.

Bitcoin is better suited, but an alien society will have it's own crypto.

So really, it's just energy.

So go grab yourself some stars and start charging those Tesla batteries.

I'm quite impressed that I am on this carefully built ignore list.

I'm not defending him, but rushing to just one project of many isn't a good representation of their contribution to Bitcoin.

https://bitcoinj.github.io/

Here is a way to get an address collision in just under a minute:

Step 1: Grab every human on the planet.
Step 2: Convert each of their atoms into a little computer that can generate a new Bitcoin address every 1/10^9 seconds (A billion addresses per second)
Step 3: You will consume the entire search space within 30 seconds.
Step 4: Profit.

Workings:
Bitcoin addresses: 2^160.
Amount of atoms in an average size human (70kg): 7 X 10^27 atoms
Human population: 7.22 billion people.
Addresses generated each second: 1 billion.