Still new to Eth system. What is DAO?
DAO = Decentralized Autonomous Organization. Basically, It is a company with no head structure. So, no CEO/Board of Directors. Currently, people are funding the DAO with Ether to receive DAO tokens. With these DAO tokens, you can vote on various proposals that people put forward. The largest proposal so far seems to be Slock.It. Specifically, Slock.IT wants a proportionally amount of the Ether to fund their Slocks (Smart-Locks). You can get more information at Daohub.org. It seems that DAOs are now the new trendy things. I guess you could say Bitcoin -> Smart Contracts -> Decentralized Apps -> Decentralized Autonomous Organizations. DAOs seem to be the new trendy thing. DAO tokens are basically in place of a board, so it doesn't actually appear to me to be any different. There are still people voting to control it, except the "board" will be controlled by the richest people instead of people who are elected and can be replaced if they do a bad job at managing. |
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There are around 0.5 milllion users of the bitcoin at present. If it double every year, there will be 32 million users.
Glad to see you have that figure, but I am just curious because I am not really a mathematician or an analyst what would be the results or implications of the increasing number of users until 2022, I mean what would be the price then? Doubling every year is asking for an awful lot, especially doubling every year for the next 6 straight years. There just aren't that many things that experience that level of growth for that prolonged of a period of time. And it would be dangerous to try and draw a correlation between number of users and price. There are far too many variables that affect price, and you have to magnify that by how quickly crypto changes and all the future unknowns that could disrupt Bitcoin. On the face of it, it seems safe to conclude that more users means a higher price, but regulations and competition from other cryptos could drastically alter such a simple premise in the next 6 years. |
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Eth is a currency that continues to confound me. There are certainly more people buying that coin than selling it.
Yeah! That's apparent with its current price now, its value is abruptly increasing, however I would not trust its current value today because it was just driven by the hype effect of the coming release of DAO. I'm not very well-versed in Eth. What is the release of DAO? |
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I could see in the future that only criminals, tax evaders and money launderers use paper money. There's really no need for it 99.9% of the time unless you're doing it for my reasons listed above.
Is that also not exactly true of cryptocurrency? |
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Is there an amount of bit coins available? Didn't heard of that before but is it true.
How can there be a top if we reach it no one can buy a bit coin any more? i don't now but that's hard to believe.
I think the distrubition and available bitcoins today are 15,500,000 bitcoins on the economy is now circulating. I just got that information at this link : https://blockchain.info/charts/total-bitcoinsThe actual number in circulation will be smaller than that 15.5 millioni coins. Most of in the cold storage. Yes, it is important to remember that the number of coins "circulating" is greatly smaller than the number that exist, and the number actively traded is even smaller than the number circulating. And most importantly, it is he number trading that determine the price. If all the coins that existed were actively being traded back and forth to fiat, btc price would be substantially lower than it is now. |
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Sorry about the popup's, they are gone now.
I'm still getting redirects on the doge site. By still getting, I mean it has happened once just now... I left that one for awhile after it was happening every time, and this is the first attempt back and it happened again, so I don't know if that's an abberation or the same problem. Ok, I've had two claims since then and neither had a redirect. Perhaps the issue is solved. |
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Still new to Eth system. What is DAO?
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Sorry about the popup's, they are gone now.
I'm still getting redirects on the doge site. By still getting, I mean it has happened once just now... I left that one for awhile after it was happening every time, and this is the first attempt back and it happened again, so I don't know if that's an abberation or the same problem. |
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More investment for life after crude for Saudi Arabia. http://fortune.com/2016/05/23/ge-announces-deals-saudi-arabia/General Electric said Monday it made a series of deals with Saudi Arabia worth over $1.4 billion as part of the kingdom’s ambitious plan to wean itself off crude oil.
GE said $1 billion worth of projects would be implemented with the Saudi Arabian Industrial Investments Co., which formed in 2014 by royal order to boost the country’s manufacturing industry.
Another $400 million would go toward building a forging and casting manufacturing facility for the marine and energy industry in the kingdom, with hopes of it being operations by 2020 and providing over 2,000 jobs, GE said.
In the future, there’s a possibility of another $2 billion in projects coming on line as well, GE said.
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This is terrible...freebitcoin was best faucet here, and is one of oldest..100 satoshi reward is nothing, and higher rewards are jackpots!
Maybe price of bitcoin has to do with rewards in some way.... Maybe owner of faucet should give us few words about it!
The rates have come up some since yesterday for some reason. About 310 per claim. But still about half of what it was two days ago. |
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I think this is the end of high paying faucets. Sooner or later they will ban everyone. My Adsense account was banned some months ago but with other reason (bots plague). Now they are banning because of INCENTIVIZED TRAFFIC.
Incentivized traffic was always against the TOS at AdSense. I just figured that a faucet like this that was so large and obvious must have had some type of exemption worked out to allow them to stay in operation. |
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I've had 7 posts disappear due to a self-moderated thread from last year being deleted. Can you adjust my starting post count for this week down to 1770 from 1777? Otherwise, I am not receiving credit for the first 7 posts of this week.
I've been unable to get a response to this. At the end of this week, I will have 7 more posts than my count shows due to very old posts being deleted. Can I get some assurance that a manual count of my posts will take place this week, instead of relying solely on the post count? This campaign has always been run very fairly and I've been a member of it for a long time. I'd like to ensure that my posts will be paid appropriately. Thanks. |
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I am not sure that this is going to happen even almost everyone in the world are allot of people. Bitcoin is becoming more popular but I do not believe that it will be as popular like websites like Youtube or Facebook.
I agree with you even if bitcoin can attract 30-40% of people by that time then we can consider it a success. 30-40% of the world population by 2022 would be an unbelievable success. Even 3-4% would be more than 200 million people and would be a huge success! I think we should stay realistic. Bitcoin will not entirely replace the current system in a few years. That needs a lot more time, because there are a lot of structures and dependencies tied to the fiat system. Habits do not change that fast. So most realistically Bitcoin will coexist with the old system for decades, slowly gaining market share. Of course it's possible that the move to Bitcoin will be faster in some sectors where the advantages are more relevant (e-commerce) than in others (paying farmers). ya.ya.yo! There aren't very many even-tempered posts on this topic, but congratulations on having one of them. Everyone gets caught up in the to the moon mentality and loses touch with reality, and that is that change happens slowly, and drastic change happens even more slowly. Bitcoin will likely never replace the current monetary system. |
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Eth is a currency that continues to confound me. There are certainly more people buying that coin than selling it.
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It is hard to give high revenue without Adsense ... (I own BitcoinSpace.net and my website was banned too)
How long ago was it banned? Did you receive any explanations from Google? 5 days ago. The explanation: Violation explanation: INCENTIVIZED TRAFFIC: As stated in our program policies, AdSense publishers are not permitted to place Google ads on sites with content related to programs offering incentives to click links or ads, read emails, or surf other websites. This would include, for instance, auto-surf sites, pay-to-read email networks, and sites comparing various pay-to-click programs. More information about this policy can be found in our help center ( http://www.google.com/adsense/support/as/bin/answer.py?hl=en&answer=105951 ). I always wondered how the large faucets got away with it for so long. In the case of Freebitco.in, it was generating substantial traffic and serving a lot of ads. I would have figured it would have been noticed much sooner, but the smaller faucets were always getting shut down first while this one continued on. |
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I hope it will not happen, I am very happy to trade with ETH, it really made my benefit, but if it happens, will my stop using eth for trade purposes
Trade as in swapping out other crypto for Eth, or trade as in using Eth as a currency in transactions? |
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Also, the cheap oil is definitely taking its toll on American firms: http://www.nasdaq.com/article/sandridge-energy-files-for-bankruptcy-protection--3rd-update-20160516-01305The highlights (low-lights?):- SandRidge Energy, a shale producer, is the fifth energy company to declare bankruptcy in 5 days.
- Deloitte's energy consultants report that 175 oil and gas producers around the world are in danger of insolvency.
- Up to 160 ancillary and support companies dependent on the oil and gas industry are also in danger of bankruptcy.
- Even though it's only May, oil and gas companies have already defaulted on $26 billion of loans, compared to $17.5 billion for all of 2015.
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Well, I think the value has less to do with how many bpd it produces and more to do with total assets. The oil reserves Aramco owns are where the 2-3 trillion dollar valuation would come from. When Aramco files an IPO, they will have to disclose with the SEC exactly what their reserves are in their S-1 statement, which will give investors a clear picture of the financial asshets of the company, and let everyone calculate for themselves what the valuation should be.
I am not sure whether the Saudis will be honest in their S-1 statement. I have seen varying figures, claiming anywhere from 50 billion barrels to 500 billion barrels. The Wikipedia claims the amount to be 260 billion barrels. At a rate of 11 million barrels per day, the reserves will last at least 65 years. But the question is whether petroleum will remain in use up to that date? For comparison, Rosneft claims a total of 77.118 billion barrels (Proven + Probable + Possible Reserves), with another 193.196 billion barrels in Prospective Resources. If they're not honest, they won't be able to raise future funds. The investing world thrives on honesty and transparency. Perhaps civil injunctions and fines from the SEC are not scary to them, but if they want continued access to the capital markets, being deceitful in regulatory filings would be extremely detrimental. |
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That is excellent news. It proves that the Ethereum can be very useful for the financial industry and beyond. I actually heard them discuss Ether doing this on the national NPR, pretty big deal to hear an ALTCOIN being discussed alongside bitcoin on NPR. What's NPR? It is a media organization stands for National Public Radio. Fantastic news then. Ethereum is like the slow drip drip on the worlds conscious. It is very amazing that Ethereum gets talked about in a national radio program. When it becomes more useful, the price will rise further. . I'm still trying to figure out why it's any useful to begin with. (Compared to any other alt coin.) |
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I don't use any type of rotator and the payout is low for me. I'm certain it's low for everyone, it's a site issue.
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