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Hi guys,
Ive a question on the motivation to lock up your Ether in order to validate the next block.
I understand that in PoW your incentive is to do mining because you can earn the new Bitcoins.
My understanding in Ethereums PoS Casper is that there will be no block reward of new created Ether. Is that correct?
However, the person participating in the PoS will earn the transaction fees which is the motivation to lock up your Ether. Is that correct?
Thanks folks!!
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Hey folks, could sombebody explain what the User Activated Soft Fork is and what it will enable? Thanks  You can find all the information you need here: http://www.uasf.coUASF aims to get the favor of the economic majority (bitcoin users) to activate segwit because miners fail to do it themselves. That's basically it. Cool thanks, I will have a look on it! |
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Hey folks, could sombebody explain what the User Activated Soft Fork is and what it will enable? Thanks |
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You can read about it here. yes, I have read this but I still don't get it...what is this??? |
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Guys, could somebody please explain me high-level what this "User Activated Soft Fork" is? Highly appreciate an answer Thx |
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Yeah, March 11th fell on a Saturday so they had to move it to the working day after it, a Monday. Obviously I hope it'll be approved, but I think it'll be rejected. Bitcoin is still very volatile, as it's even shown leading up to the ETF and I'm not sure they'd want to approve it right now with something so unusual unless it was at least a fair bit more established. It'll be approved. If it was to be rejected the winks would've already withdrawn their proposal. Why would have withdrawn their proposal? It would just go into the next month and this would repeat until it will be approved. |
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If we hear nothing until the night from Friday to Saturday New York time, it has been approved. I think the market will start to react much earlier.
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On the other hand the SEC needs to open the market to new innovation. Especially not to loose market share around the world.
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Easy question  |
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Nice Idea  That would be build on the Ethereum Blockchain to create smart contracts It would not, because ethereum is flawed, bugged, has no computing power to secure its chain properly and its not reasonable with all this failures like DAO HF and more. Biggest flaw it have creator that can be manipulated, sued etc. Bitcoin is the way to go here, it don't need a smart contract to do that. Im also a big Bitcoin fan but Im not sure if this will be possible in the future. For me it looks more and more that Bitcoin is "just" a store of value which would be already a breakthrough. The block size issue will be not solved and the block will stay at 1mb which means that the fees will increase a lot. I think only big companies and high net worth individuals will be able to do a transaction. The average consumer will do once a year or once in two year one transaction. Why are you so sure that the blocksize issue won`t be solved? I don`t understand the thread question about using bitcoins in "construction building". Is it about buying real estate property with bitcoins or something else? Because a consensus can't be reached already for years. It will be even more difficult in the coming years because more and more people are joining the network and everyone has a own opinion. I have the feeling that the 1MB will stay forever. However, I don't see this as a problem for Bitcoin to succeed. If Bitcoin goes to a MarketCap of 1 Trillion you will have big players on. They don't care about a fee of 50-100 USD because it still cheaper to move 10 Billion worth of Bitcoins as to move 10 Billion worth of Gold. Germany is moving Gold currently to the US. That is unbelievable expensive - just the security. Most important is that people feel safe with bitcoin as a store of value. I feel safe It is more about how you could integrate Blockchain technology it doesn't matter what. Bitcoin, Ethereum (Smart Contract) whatever... |
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Nice Idea That would be build on the Ethereum Blockchain to create smart contracts It would not, because ethereum is flawed, bugged, has no computing power to secure its chain properly and its not reasonable with all this failures like DAO HF and more. Biggest flaw it have creator that can be manipulated, sued etc. Bitcoin is the way to go here, it don't need a smart contract to do that. Im also a big Bitcoin fan but Im not sure if this will be possible in the future. For me it looks more and more that Bitcoin is "just" a store of value which would be already a breakthrough. The block size issue will be not solved and the block will stay at 1mb which means that the fees will increase a lot. I think only big companies and high net worth individuals will be able to do a transaction. The average consumer will do once a year or once in two year one transaction. |
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crazy idea.
there are 5 styles of a residential house.
when a land owner starts selling property. the styles of residence have their own address.
then when people buy them the funds log what property type needs to be built and the funds via an automated bot splits up the amounts to cover labour materials, admin, legal costs etc.
EG
order a 5 bedroom house. and Xx btc goes to a materials supplier to order yyyy the bricks. X goes to the office to start the paperwork of applying for permits.
all done automatically via smart contracts. where the funds can be automated to make sure funds are not siphoned off by unauthorised staff
Nice Idea That would be build on the Ethereum Blockchain to create smart contracts |
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Guys, do you have an idea how blockchain, smart contract or Bitcoin etc. could be integrated in construction building? Any crazy idea would be helpful Thx |
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Ok thx. How does this Seed-Backup works in detail?
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Ok, but I would like to understand better how seed can be confirmed to be right? The Seed must be saved anywhere or not?
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Guys, I have a general question to Trezor. Is the Backup-Seed the 24 words saved on the blockchain? Would it be wrong to say it? Thx
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If the data stored is of such sensitive nature, how would letting a third party help in the case of a breach? The data would still be out regardless of who and how it was compromised?
Currently the company is assigning a third party to store the data. Question is if you could get rid off the third party and just store it decentralized? |
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