Thank you all for your answers  I think Im starting to understand |
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Ok, then it was just bullshit. However, what happens if a node is maliciously?
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Thanks for your answer I read that there exist nodes which you cant trust. I guess this nodes are maliciously? What happens if you have more maliciously nodes than nodes which are ok? I hope Im not mixing up too many things  |
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1. Question: Is it possible for the Bitcoin network to survive with only one node? 2. Question: What is the difference between a trust node and a distrust node? 3. Question: What happens if there are more distrust nodes than trust nodes? Thank you very much for an answer |
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Bitcoin can live without them. Can they live without Bitcoin?
very well formulated  |
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yes, so far as I know they are not charging anything for the storage. I think like many others here... They are investing for the long-term and building up a franchise. Earning money is not the most important question for Xapo. First, they want to offer a service which has a high demand
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Xapo has a long term storage service that they charge their customers for.
That means that in some years we have to pay a storage fee for bitcoins on a wallet like Xapo? |
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Hi all,
recently I had a discussion with a friend where I tried to convice him on Bitcoin.
He asked the question. How are wallets (e.g. Xapo) actually earning money? I had no real answer...can you help?
What do I know is that every wallet can't do the earning. It just the same as blockchain just to stored your bitcoin there. If you want to earn bitcoin you can do some trading, signature campaign, faucets (which I dont recommended it) and gambling I think you misunderstand my question. I would like to know how a wallet provider like Xapo is earning money to cover the costs? |
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Hi all,
recently I had a discussion with a friend where I tried to convice him on Bitcoin.
He asked the question. How are wallets (e.g. Xapo) actually earning money? I had no real answer...can you help?
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Thanks!
I would see a major key moment:
The "Core developers decide if they will include the code". What if the community would like to have the update but the core developers are not implementing it?
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Hi,
I would like to know who is deciding if an BIP on GitHub is implemented in the Bitcoin core? Who is deciding it? I always here "the community is" but who is the community...the miners?
Thanks for an answer
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VISA handles on average around 2,000 transactions per second (tps), so call it a daily peak rate of 4,000 tps. It has a peak capacity of around 47,000 transactions per second, however they never actually use more than about a third of this even during peak shopping periods.
PayPal, in contrast, handles around 10 million transactions per day for an average of 115 tps.
Let's take 4,000 tps as starting goal. Obviously if we want Bitcoin to scale to all economic transactions worldwide, including cash, it'd be a lot higher than that, perhaps more in the region of a few hundred thousand tps.
The ideal, ultimate goal would be that Bitcoin can deal with a volume of transaction that encompasses all credit card transactions or the major ones (visa, mastercard... + all major bank transactions + paypal). This is the serious goal if we want Bitcoin to crush and deprecate his competition. The question is: Will 20MB of block size allow for this, or we need a bigger blocksize? Because if we need a bigger blocksize, why not calculate what amount of MB is needed and do it straight away? You don't want to hard ok anymore after the next blocksize increase, ideally. "This is the way it's been done for billions of years, small moves." https://www.youtube.com/watch?v=oB6NNbFHjCcI love the movie Contact |
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What is bitcoin xt? Thanks for an answer
Gavin forked Bitcoin. Now there is bitcoin and bitcoinXT. bitcoinXT is much better. Prolly going to the moon. If you want some of the new bitcoin (bitcoinXT) - let me know. The old bitcoin is going to become worthless - very fast. It is still good today, but in about a week, you won't be able to get $5 for one BTC even you may think, that this is funny, believe or not but those stupid statements just harming bitcoin itself.. I agree! Such statements are not funny and someone like you should be banned immediately! |
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What is bitcoin xt? Thanks for an answer
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Thanks for your recommendation. I just installed MyCelium and I had to write down 12 words otherwise I cant continue. Im sure that it is a very good and secure wallet my not feasible for a 15 minutes pitch in a taxi. Does no 20-30 seconds set up wallet exists? Maybe that would be a nice business idea  |
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Do you know why it is not possible to raise it again?
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I dont think that it will only be a gadget for us bitcoin freaks. There is too much money invested to do something just for fun. These people try to make bitcoin more mainstream. Like 21 CEO said, they want to close the loop of the BTC economy...consumer earns bitcoins and spend bitcoins...
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Yeah, right it is Bitfury! The pictures in twitter look interesting...Im so curious what they are planning
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According to coindesk 21 is trying to build a light bulb which is mining...
What do u think about that?
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