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Yep, definitely worth it. The read times you save during verification after download are definitely worth it.
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Buy the dips. In markets where there is a large gap between the fundamental value of the asset and its price - the best you can hope for is to buy the dip and sell the peaks to make a profit - or just hodl to lock in price increases over the long term.
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With all of the forks of Bitcoin that there are - is it possible to use the same blockchain in each client - or do I need to download the entire blockchain in each case with each client to access my coins?
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Lol, part of what makes Bitcoin valuable is the PoW algorithm. It actually costs something (quite alot of somethings) to create a Bitcoin. That cost to the miner is what ensures he won't sell it on the market below what he paid for it and is a good way of determining that it has value. If you take away PoW, you take away the cost basis of the currency.
Ethereum's Casper protocol is quite interesting and we'll see how it plays out where expensive mining equipment isn't required anymore - just buy in to the system.
But if that is the only innovation here - then Ethereum and Neo already have it beat.
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I definitely like the concept. Are you working on it?
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I can't say I agree with that assessment. Early markets are like the wild west, very little security or regulation, lots of cowboys and everyone shooting up everything in sight.
Over time, people adapt to the market and start building businesses and making changes that make it safer and easier to transact. ICOs are very very young as a concept - I'm sure we'll see some innovation over the long term, but not before we see some epic busts.
*Gets popcorn*
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Anyone using the Xeon Phi co-processors? What crypto are you mining and how is it working out for you so far? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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Yeah definitely have and would again.
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It depends on your definition of bubble.
If you think about it in a simplistic way that anything with a rapidly appreciating price and lots of volatility is a bubble - then yes - it is a bubble.
But once money was invented lots of things have gone through bubble phases. Gold, houses, stocks. In fact - there isn't really any asset class that isn't in a bubble - and its due to scarcity. Everyone wishes to buy the asset that gives them unlimited return - so any asset that does quickly gets bought up until people are paying more than the return they can ever realistically get back from it.. I think that's where a bubble starts - and by that definition most property in cities is a bubble.
Bitcoin may be a bubble - so what?
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The next crash that comes will tell if Bitcoin is a real safe haven asset or not. Given the amount of publicity that it has received and most people's willingness to use it now - I think it may one day achieve that status.
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Interesting. All of the valuations that I see like this are based on Bitcoin capturing a certain percentage of the gold market. Long term I think its definitely possible given a 5-10% swing in market share away from gold. The other factor that noone seems to factor in is the youth effect. There are tons of kids now growing up who are learning about crypto. Part of the reason that superhero movies do so well now is because they were marketed to kids who are now income earners in the economy. In 25-40 years if all kids are putting part of their pension in Bitcoin - its definitely a likely scenario. I'm Hodling ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Best of luck - remember - the first guy who built a canoe probably looked crazy to all his friends. Now, canoes are everywhere!
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Quantum computing could iirc make cryptography, including ECC weaker (a 4096 bit key would be as easy to break as a 2048 bit key is now). However, if we could get people to agree on it, we could change Bitcoin to use a newer, quantum resistant system.
Very true. I think since Bitcoin's value is protected solely by hashing computation, the only thing that could realistically supplant it (not break it) would be (and this is only if quantum computers became a consumer good) a physical quantum computer based Bitcoin technology - lets say BitcoinQ
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I think its important that there be some kind of KYC/AML rules around ICOs but without the heavy requirements that regular markets require. It could be a very good way for startups to take their first steps and learn about the market before moving onto fiat exchanges if their growth can support it.
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I use ICOlert - its an app from the google play store - a few of the coins on there have given airdrops.
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Completely legal ICO - Our token sale + donation model means you won't have issues with regulators in the future. Where I can find the documents this is completely legal ICO all around the world. What about SEC policy and China banned all ICO there. What solution you will provide to Chinese investors and US residents? This is a token crowdsale - not an ICO. If you have an interest in AI and Robotics or want to contribute to its open source development and gain early access to tokens which can be used on our platform and products - then this is the right vehicle for you. From a legal perspective - even if some regulator decided to categorise our limited value crowdsale as an ICO - in the US this would fall under the SEC's exemption for non-profits as DigitX has been released by the Association for the Advancement of AI, Robotics and the Digital Economy (website in development). We haven't considered offering this crowdsale in China (and as such have not done a Chinese language translation). We're more interested in building a community and real world software over the long term than in trying to make a quick buck on the "ICO" craze. Hope that helps clarify ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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what? 1 billion? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Yup - the reasons for the amount are included in the whitepaper. This is a token for use in software products and over the long term the aim is to keep the relative cost of the token low. The slow release of tokens along with the integration with software means that having a larger number of tokens has a higher probability of achieving that aim.
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