Hello,
In your opinion, which changes will occur in the Bitcoin Market once the last bitcoin is mined ?
Will the price increase because of rarity ?
Will fees skyrocket in order to pay for miners ?
Will the number of miners decrease, resulting in lower security ? No because by the time the last one is made (in 2140) the rate of production would have slowed down so much that you wouldn't even notice more bitcoins were still being made. Bitcoin production follows a logarithmic curve, where most are produced in the first few years, rapidly decelerating production overtime slowing down to a crawl. This is also going to stabilize its price overtime, against "stable" things like gold, not fiat which is intentionally devalued by governments over time. This curve also happens to match its price rise against the same "stable" things. We may have perhaps seen the most gains in bitcoin's lifetime, while it will keep going up, it will slow down more and more until it goes slightly up against "stable things" (like gold) in the next century or so. The number of miners will decrease (following the same curve) but it won't result in lower security. It still costs to mine, and this cost is going up (following the same curve). Actually fees won't be affected, and because of offchain solutions like LN, might go flat under 1 sat/B (which i use right now). |
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Let`s say you are satoshi and you can get the miners on board or the majority of them, what would you change about bitcoin?
I would add a feature called bitcointime, where unique addresses/sidechains that are verified by the system (so we can only each have 1 address) create bitcointime over duration at a fixed rate (universal basic income). The people themselves would willingly upload themselves as the key to unlock that address using filesharing on a blockchain, the system can backtrack to make sure no duplicate information can be used because everything is stored on a blockchain.
I would add a feature where each address becomes 1 vote on the network. (true decentralization)
I would delete 51% attacks because of this ^ it would just become a decision by the majority of users on the network.
I would add something like this, where our votes actually matter now, because we vote on issues rather voting people to vote for us, now we all have a say of where our taxes go. I am sure military spending will be cut in half fast. Instead we would create weapons of mass creation rather than destruction. Farms and back up housing for all rather than trump spending 107 million on golf, there would be no homeless in Cali.
I would like to see the network fee`s go to fund a bitcoin society rather than just supporting miners.
I would make bitcoin an amplifier to bitcointime so both have a purpose.
bitcoin becomes like a saving account interest amplifier, bitcointime is your spending account
I would destroy fiat for good, because it is $lavery and a $cam, It will be the end of our species if we continue down this path.
Unique addresses is the same as IDs, and goes against anonymity. One of your ideas about votes to undo attacks already exists in some other altcoin. You cannot destroy fiat with good intentions or pretty words, show us the code, make your own altcoin. I don't believe in basic universal income, and if you give houses to the homeless they would sell them, spend the money and go back to the streets. You can develop secure voting systems using blockchain, it doesn't have to be tied to a coin. But that alone isn't changing anything unless you are planning a revolutionary change of government going for direct democracy or such. |
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but I don't give up, I have to make it work ... I like braiins fw too much, I would have found an alternative solution using the fw bitmain, but it's still a worse solution.
I've see everytime the file cgminer.conf but i don't see error.....
I think someone tell me a solution, surely there's other person who have this problem.......
Try ckpool (no register needed) and see if its working there. And tell us what pool it doesn't work with. |
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Can you add the Antminer R4 8.5 THs 845W to your profit calculator page?
Also, Can payouts be sent to native segwit addresses? Those starting with bc1q+?
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Artemis, this is a post just to try to make Bitmain thinks there is solution? If i were you, i would use the sdcard method and be done with it. Don't ask me about the newer units as i haven't touched one (yet). |
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Yes, but when connect to the pool........
otherwise .......it's 1400w go to fly........
my conclusion i return to bitmain FW it's impossible work with this braiins firmware, everytime don't connect to the pool....... 1400w to the wind....
Good riddance. But others think otherwise. You may have a problem, but whatever that problem is you don't care. Your statement is simply a lie, no one forces you to use it, unlike the manufacturer... |
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SuperTA, you know why people google more for Bitcoin then for stocks? Probably because of fact that stock market is lost $1.4 trillion in just few days of trading, and fact that Bitcoin is hold very decent value despite everything that is happening in the world.
I also see news that gold is at the highest price in last 6 years, so we know that people seeking financial refuge in something that has already proven to be good store of value. But I think that Bitcoin will become more popular in future as store of value, especially if this global crisis continues. This basically. Every-time there is a problem with the economy, they seek refuge in metals. Turns out there is something else now, which is bitcoin, so a part is going there too, especially with it appearing in more and more trading services. Bitcoin is not related to the economy, quite the opposite, like the metals, they are not tied to one another. The market can crash and bitcoin will still be there, being deflationary it follows Austrian economics principles, not Chicago economics. This is the biggest shock to many. For starters, there are no bubbles and crashes in Austrian economics, thanks to deflationary money. |
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They will do this by legally persecuting Ledger Nano and Trezor and criminalizing and regulating every centralized exchange on the FATF list. They will treat anyone that they see unfit for western finance the way they treat Iran. The United States is categorically opposed to cross border payments to anyone in the world. They will not stop until they geofence bitcoin into such a corner that you are unable to truly own your keys, destroying the purpose of crypto. Your KYC data will be leaked, your safety will be jeopardized, and any negative turn of events in civil liberties in Europe and the USA and Canada and Australia will put you in jeopardy because they will have your keys and your address.
The Japanese and Taiwanese just made a backdoored Hardware wallet that rejects transactions that cannot pass KYC certification on both sides. This is nonsense, don't use any hardware wallets then. Go sue my handwritten piece of paper with 12 written words, if you can find it first... They cannot "geofence" Bitcoin, no one can. Do all your transactions via Tor, "poof" goes your geolocation... |
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The Chinese government is about to issue its own stable coin based on its yuan. I do not see anything bad and fraudulent in this. They have been working on this for the past few years and this decision was accelerated by Facebook's intention to issue a similar stable Libra coin, which would create serious competition for China's financial system. Therefore, the Chinese government is acting quite logically and predictably.
Libra coin does not create serious competition to anyone, only Bitcoin does. Like the Petro, its yet to be seen what they come up with, as i explained before, if its anything even remotely resembling Petro, its garbage, like Libra, due to centralization which makes it worthless unlike Bitcoin that cannot be shutdown. You could argue the Chinese State is harder to shutdown than Facebook, but you miss the point that, the next party leader may order the coin shutdown and that is that. Here the point is, no one can do that to Bitcoin, not even the core team or Satoshi. |
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They won't oppose but the main argument here is that they are anonymous and won't get caught. It will depend on where their business is located. TPB managed to avoid being taken down for years by switching servers from country to country but eventually the government got them.
Chipmixer can be anonymous and keep their clients private now but they won't be able to hide forever and continue to operate the business. There are fees and taxes. They aren't located on no man's land. They got the founders, but the service still operates. They could survive if they were fully anonymous, but it is tricky to do that right. |
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You could simply consider freshly mined btc "Virgin Bitcoin"
When it swaps hands , It's lost its virginity.
Which is rather funny given most pools do not give the coins directly to miners, but instead store/send them to a (online) wallet of theirs and when the miner reclaims it another transaction is made. Perhaps this concept would need some amends... |
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How will your portfolio looks like if you have 2000$ for invest. You put all in Btc and alts or maybe you buy too some precious metals. Im looking for any idea for a portfolio. I was thinking about putting the funds like that: 50% BTC 10% ALTS 20% GOLD 20% SILVER Do you have guys any other suggestions? I will be grateful  Your idea is correct but your capital too low. Perhaps 50/50, bitcoin with something else. Metals are "safe" but boring (expect years for any action). I don't really see much difference from Gold and Silver, except its price per weight but they tend to move the same so its pointless to buy both. Its not like you will see gold going one way and silver the other... |
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I'm still curious as to which companies will actually use crypto to pay for their workers. Most probably companies which operates around cryptocurrencies? I'm not sure if a supermarket wants to buy 10 BTC and then use that just to paid their workers. Does the employer gets to decide this? Isn't the employee right? |
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If i was there i would request bitcoin, but good luck trying to define which coin is which. I understand wanting to get rid of those ICO tokens, but its still going to take "someone" to decide which altcoin is valid and which isn't. Most, consider themselves fiat coin replacements...
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Lets get a High IQ thread going here.
What will blockchain look like in 2030? What will have failed? What will still be in existence? What portion of govs will utilize the blockchain? What things do you think will happen that might surprise us?
Its only 11 years into the future. Bitcoin will be there, make no mistake. A few projects here and there would be using a blockchain and perhaps decentralized nodes for things not coin, like maybe an ID system or such. Surprise?, I don't know. I think someone will make a quantum crypto algo coin at some point if at least in theory as most quantum computing programs currently are. Perhaps some country officially adopting bitcoin as parallel currency? That would be great. |
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Intel core 2 Duo E6600 is processor released in 2006 , and intel i5 in 2009.How can those be great processors and basis of great computers now in 2019?You can basically buy new processor for 60-70 USD that is better than that, like Intel Pentium G series that is very good value for money.
WoW Classic is actually not demanding at all, and it is less demanding than retail WoW. I have know for quite a while about people running private servers without the patches or up to certain patch, due to lack of time i didn't delve deeper but i cannot imagine what "classic" would mean at this point. I don't think asking money for this is a good idea, unless its a sanctioned official thing, but i rather play something else at this point. |
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What about the cycle of the moon? and things like seasons, where farmer and sailor planning their harvest?
Another good point, is't the cycle of the moon 28 days? Season is exactly 13 weeks each, a quarter. Not sure what a sailor harvests I can imagine something else with a 28 days cycle... It would be great and a sign of humanity advancement. But i doubt it when there are countries still refusing to use metric or drop daylight savings among other silliness. And while not mentioned, it would be of very important for the western world to abandon the roman names of the months, that are actually telling things like "month 8" to the month currently in the 10th position, or some roman emperor/god(es). This reminds me that the followers of "Zoroastrianism" are divided in 3 or more factions precisely because of the calendar (each faction with their own variant). Unfortunately a bunch of superstitious fools are so scared of the number 13 they would even omit it from floor numbers or seating positions, imagine their faces from this proposal. Oh did you know if the Zodiac was updated to current constellation positions, there would be 13 not 12 signs? Not like people care about astrology anymore... Interestingly the Soviet Union also proposed, 6 and 5 day weeks. There was also the metric clock, but people like their 12... I would welcome it, but people still like to call months like the Romans did, and don't even question why. |
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Cryptocurrency — be your own bank. Most people are not yet ready for it. Mnemonics, private keys and now dpos systems such as eos which is even more complicated to understand, in terms of keys.
This needs to be bit simpler.
You are being a fool by saying this. Pay me and I'll keep your coins you can't by yourself, simple. That's what a bank actually is, a full reserve bank. And guess what, that has NOTHING to do with "cryptocurrency", it is you who decide who you give them to safeguard them, not the coins. Nobody is forcing you to keep your own wallet, you should, but that's besides the point. There is a lot of online wallets and exchanges you can trust your coins to, and hope they never disappear or go bankrupt, like banks do... |
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In 1999 PayPal was invented. Until then there was no commerce, there was no goods production in the world. Immediately the world economy started to improve. People started to produce TVs, phones, clothes, homes. But there were no sufficient money to buy these goods.
Then in 2010 a very gentle person (a very good mathematician Satoshi Nakamoto) invented the bitcoin. Bitcoin was that money necessary for every person in this world to buy those goods.
Until 1999 I was earning approx 30 USD/month working 8 hours/day. Then in 2010 because Satoshi Nakamoto invented the bitcoin, my earnings started to improve. I have 7 phones, 7 TVs, etc (this is no joke).
Those money very necessary for the people to buy goods were created. Who could imagine that today I could send 10 dollars in 30 seconds to a person on the other side of the World?
Who could imagine that this 10 USD that i am sending can be used immediately to buy whatever the person that receives them has dreamed?
Please tell me this is just a joke. Please. Lol, you are saying there no "commerce" before paypal came out? That is hilarious. Paypal didn't bring "commerce"/economy to the world. It just has helped us to make online purchase easier. People produced TV, phones and other stuffs even before paypal was invented. You can't compare your earnings from 1999 with your earnings in 2010. Did you forget about inflation? All Paypal was is a means of sending money "via email", from your Palm (PDA). Of course there was eCommerce using credit cards and such before Paypal, as not everyone owned a PDA anyway. 30 USD a month very few countries would even allow that (for a full time job), in 1999 you would have to check which were under hyperinflation where that could be possible, or the couple "real socialism" countries where that is a given result of the central planned "command" economy... And right now my country is paying like $5 a month for full time jobs, so yeah, i know... |
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This is bad for Chipmixer. If the authority decided to investigate on this and targeted Chipmixer to shutdown regardless of the investigation, they can easily do it since they have a proof in their hand that a mixing service had been used to launder a hacked BTC. I wonder why Chipmixer did not suspend those transactions.., Did they failed to track that those BTC were hacked?
Chipmixer should have been told in advance by Binance which addresses to flag. But there is no system in place to do that... If they knew they could simply have kept the coins hostage. And after verification return them to the right owner minus a fee for having helped. No authorities, that will never be universally accepted. Only a community based opt in solution will. |
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