The goal was to minimize both the time between blocks and the orphan rate. 10 minutes was a convenient time that accomplished that goal well enough.
The 10 minute average is accomplished by adjusting the difficulty every 2016 block.
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That's a great list. I'm not sure about #4 though. A model is very useful. It becomes a problem is when it is inappropriate or poorly applied, or when it becomes a rule-of-thumb.
Also, what about FOMO? What bias would that be?
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I was banned by paypal many years ago but it never affected my ability to buy on ebay (except where paypal is the only option).
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Private keys must never be transmitted. The transaction should be signed offline. A hardware wallet is an excellent solution.
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Had read a tweet on the token burning phenomemon. It provided a pretty balanced view on why burning only benefits the company and not ICO investors. Say, a project raised USD 10 million through ICO and has a total supply of 10 million tokens. ICO was only fund raise they did. Each token was sold for USD 1 during ICO. Price dips 50% after ICO i.e. each token is now worth USD 0.5. Company burns 10% of supply. Tokens are now worth USD 0.55. Company still has USD 10 mill. ICO investors are 45% poorer. This is especially true in a bear market.
Your analysis has problems. If the company burns 10%, then it must own 10%, and the burn increases the value of the coins. The company holds $10 million plus 1 million coins (10%) valued at $0.50 each. The total value before the burn is $10.5 million. After the burn the company own 0 coins so its value is only $10 million. It lost $0.5 million in the burn. Each coin that an investor owns is worth $0.50 before the burn and $0.55 after the burn. The burn increases the value of the investor's coins by 10%.
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1) What might happen on the off chance that one endeavors to send a measure of coins to an IP address that isn't running the program? 2) What might happen on the off chance that one endeavors to send a measure of coins to an invalid Bitcoin Address? 3) What might happen on the off chance that one endeavors to send a measure of coins to a Bitcoin Address that no one claims? I thank answerers for extending my insight.
1. You don't have to be online to receive bitcoins because the transaction is recorded in the blockchain and your wallet will see it when it goes online. In the past, bitcoins could be sent to an IP address, but that feature was disabled. 2. Your wallet checks the address to make sure that it is valid and won't try to send to an invalid address. Keep in mind that an unused address is still a valid address. 3. It is possible to send bitcoins to an unclaimed address. Bitcoins can be sent to any valid address. Bitcoins sent to an unclaimed address are lost forever. By "unclaimed" or "unused", I mean an address for which nobody has the private key.
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There was a tweet that says that Bitfinex did something fishy and took advantage of BitMEX's downtime. No comment from me for now. Couldn't confirm if the tweet is legit as Bitfinexed's Twitter is private. Thoughts?
The fact that the price rose on Bitfinex (as well as other exchanges) does not indicate involvement by the exchange itself, as claimed by that tweet.
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It's not "free" if you have to work for it.
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Also, it is possible to derive all of the private keys if both the extended public key and a single private key are known.
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Is there anyway to make sure that a transaction, with which someone will pay us a certain amount, will really be successfully validated and processed before it's actually inside a certain block? Since the txs can hang in the mempool for quite some time, it's not really an option to wait till it's included in a block for real.
Check out Lightning Network. It might be a good fit. It allows you to make instant Bitcoin transactions, though it isn't as straightforward as a normal Bitcoin transaction.
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This altcoin massacre made me ponder what the coin market cap listing should look like, if this stuff was based on real fundamental value and not pure pump-and-dump speculation. I'd put XMR and ETH at a very distant second and third to BTC, since they each provide some very real features over BTC which people are using right now to good effect (though each has problems). I haven't looked into the more recent ones much, though. Are there any others that are backed by more than empty promises?
A coin can still succeed even if it doesn't provide a distinct benefit over another coin. Consider that there are several rental car companies even though there is little incentive to prefer one to another. For that reason, I think that you will see several classes of coins having distinct use cases and then several coins in each class -- probably a single major coin and one or two lesser coins, along with a bunch of worthless coins. So, I would add LTC, DASH, and ZCash as minor coins to the list. I might add EOS to the list simply because it has a huge following and a ton of money. There are also a few utility tokens that are actually being used today. Binance Coin (BNB) is going to have value as long as Binance is around.
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While the information is good, keep in mind that scammers will sometimes try to gain your trust by pointing out other scams.
There is no good reason to give the promoter of those channels in that article any money, or to believe they they are acting in your best interest.
"Signal" (or "pump") channels that tell you what to buy and when to buy it (such as alphapark) are typically pump-and-dump scams where the members are the intended victims.
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People also frequently conflate "Bitcoin address" and "public key". A Bitcoin address is not a public key. It is the hash of a public key (along with other information). On the other hand, confusing the two is not really a problem because most people never deal with public keys.
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I get that blockchains enable immutable data to be recorded, so that I suppose hackers can't delete or write over data on the block. But what are the other benefits of blockchain for security? I mean, you could make a distributed secure database that doesn't need blockchain right?
You can make a "distributed secure database" (they already exist), but you can't make one in an environment where you don't trust the participants. The advantage of a blockchain is that anyone can participate.
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I feel that his concerns are a little overblown. I agree that owning shares of a Bitcoin ETF is inferior to owning the bitcoins outright and for all the reasons he gave.
However, I don't think the concerns about manipulation facilitated by an ETF are warranted. If there is any manipulation, it will be related to Bitcoin derivatives and not the ETF itself.
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The solution is simple. Don't use stops or margin when trading. You will never get stopped out and you will never get a margin call. Problem solved.
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... but electric cars just export pollution, they don't decrease it. ...
Not true. Electric cars use 50%-70% less energy than gasoline powered cars. To illustrate, consider that a gallon of gasoline contains about 30 kWh of energy. A typical car can go 20-30 miles on a gallon of gasoline. A hybrid might go 50 miles. A Tesla will go 100 miles. Furthermore, the energy used by electric cars can be generated from non-polluting renewable sources.
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When the price of a commodity drop with no reason, you should know that it is being manipulated.
It must be manipulation simply because you don't know why the price is dropping? That's ridiculous. So what is you opinion on this crashing market, do you feel that investors bought BTC at 10k - 15K and now selling it at 7 K - 6 K, there is no concrete reason behind sudden fall of this market, every crypto token is bleeding badly, market is being manipulated for sure. The market is being manipulated by aliens from another galaxy. That must be the reason. Prices don't go up or down by themselves. It must be aliens from another galaxy. There are no other possible reasons.
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