In your close minded nature, you are also missing the fact that a new PoW algorithm running only on CPUs would destroy ASICS Centralization and re add decentralization back into bitcoin. It would also avert the energy apocalypse in bitcoin's current future.
Unnhh, yeah. There's a couple problems with your assertions. One: If power is the problem you are trying to solve, no PoW is going to solve it. If your algo will only run on CPUs, then people will consume as much electricity in mining on huge farms of CPUs as the value of the crypto mined (minus a couple of percent for profit margin). Net effect: powercopalypse just like in Bitcoin. Two: As we have seen over and over (and over again...), all that have tried to create an ASIC-resistant algo have failed. Utterly. The only algos to not have ASICs developed for them are algos used in insignificant cryptos - such that there would be no profit on the domination of such. Three: Who has great resources to create huge farms of CPUs to mine your new algo? The self-same 'oligopolists' you rail against in Bitcoin. Strike three - you and your shitcoin have struck out. Buh-bye! |
|
|
|
Core Devs should be having a meeting with non-Bitmain miners right now proposing a roadmap to change the algo and leave Bitmain isolated
Refer to what recently happened to Bitcoin Gold as evidence of the stupidity of throwing aside billions of $USD of dedicated security appliances. But by all means, go for it. Knock yourselves out. Uncover yet another way to learn how worthless NotBitcoin is. |
|
|
|
It's a shame to watch this type of content. You'll probably agree with me on this. Bitcoin for use of a 'store of value' or 'digital gold' or for ETF adoption is perhaps the most irresponsible use for any cryptocurrency for 2 reasons.
1. Usefulness
<blah,blah>
2. Scarcity
<blah,blah>
Go home, grandpa-you're drunk. |
|
|
|
What happens to your $100k in google stocks when $100k is worth a tank of gas?
In general, stock market cap reflects the value of owning a portion of the underlying company. It consists of customer lists, processes, people in positions, machinery, real estate, furnishings, inventory, raw materials, ... Accordingly, if we reach a day (not inconceivable) when a tank of gas is $100k, that formerly $100k worth of Google stock is likely to be worth $200m post-inflation bux. |
|
|
|
add matonis to that list of scammers^
I was't aware that Matonis was considered a scammer. How has he stolen, and from whom has he stolen? |
|
|
|
EOS going to knock you out your spot
Username checks out. Incidentally, have you seen the recent expose' of EOS potentially fatal vulnerabilities from a significant group of EOS devs? |
|
|
|
as per armstrong, Bitcoin can never become a “world currency” for it is highly questionable whether or not any electronic form of money can become a true “world currency” when more than half the world does not even have a bank account.
Can you say non sequitur? Sure. I knew you could. |
|
|
|
I dont think r0ach is rich bitcoiner.
I know about him not having any bitcoin. But they respond to him a lot of times then they switch to jews then other topics that arent related to bitcoin in general. I don't know what it says about us that r0ach seems to be so successful at his assigned task. |
|
|
|
Got an interesting email from kraken today. Submitted to you bereft of comment: Hi <<jbreher>>, One of the main challenges facing Bitcoin, Ethereum, and other digital assets is the need for education and appropriate regulation. Coin Center directly addresses this challenge in the following ways: Educating policy makers and the media about digital asset technology Promoting policy research on smart regulatory approaches to the technology Advocating for the implementation of smart regulation Read more about Coin Center here: https://coincenter.org/our-workTo support the great work being done at Coin Center, Kraken is pleased to announce a $1,000,000 donation (read about it here: https://blog.kraken.com/post/1591/kraken-donates-1m-to-coin-center-with-an-additional-1m-matching-during-may/). Kraken is also matching every dollar donated by the end of this month up to an additional $1,000,000! Help us meet the $3,000,000 goal by donating to Coin Center today! There’s not much time left - to be matched by Kraken, donations must be received by 11:59 pm Eastern Time on May 31 2018. Donations to Coin Center are accepted at their donation page in Bitcoin, Ether, and Credit Card. Donate to Coin Center here: http://coincenter.org/donateWe hope you will consider a donation to Coin Center today - as the popularity of digital assets grows, so does the need for greater advocacy and education, so there is no more important time than now to help ensure that digital assets are sensibly regulated in a way that protects consumers without unnecessarily hindering growth. Thank You The Kraken Team |
|
|
|
Cant seriously see any business complaining about too much sales? fishy shit
no, it is a real thing, the miners have been abusing subsidies...and getting aggressive with utility crews. Chelan county has had it up to here and is probably going to tax the living shit out of them. Well, the real problem is that they are refusing to set the price at the point where the supply curve and the demand curve intersect. Oh - and the whole municipal monopoly thing. |
|
|
|
What are the reasons that would happen with BTC or BCH in electrum? Ive never seen the full total leave before coming back later
Whether BTC or BCH, every time you spend from an address, the entire amount is spent. Some of it is sent to the intended recipient, an optional amount becomes a transaction fee, and the remainder -- if your wallet supports such (all the successful ones do) -- gets sent back to a change address that the wallet creates. Electron Cash does not maintain a copy of the entire blockchain. Instead, it queries another server to be the source of this data. You were likely connected to a slow blockchain data server. I think some other responders forgot their /sarc tags. This is usually detectable without need for such. However, when under stress -- such as when one might be worried about missing funds -- these otherwise obvious implications may not be immediately apparent. |
|
|
|
https://www.merkle.press/2018/05/bitcoin-price-has-hypothetical-value-of.htmlBitcoin Price Has Hypothetical Value of $1,800: Federal Reserve Report “Although Bitcoins do not possess any real intrinsic value, from a commodity valuation perspective, we can estimate a hypothetical value based on its production costs. Recent estimates regarding the energy involved in mining a single Bitcoin by professional energy-efficient mining rigs put it at about $1,800 when mined in China (where 80% of the currently mined Bitcoins originate). Hmm. Central banker misunderstands where the value of a currency comes from. Defines it in terms of trade balances between nations. Yet in a frictionless environment, it will not be the 'nations' that choose their adopted currency. It will be the people therein. Personally, once most people understand the nature of a currency that cannot be inflated upon a whim, I belive they will choose such an immutable currency. Which bodes poorly for his position. Lastly, if he wants to ascribe correspondence between currency and 'nation', then fine. We are the nation named Internet. Deal with that, central banker dude. |
|
|
|
Hello Bitcoin Cash believers, Our aim is to add value to the whole crypto community by giving the best user experience to analyse cryptocurrencies. It would be really great help from your side if you can spend 60 seconds of your time and give us your valuable feedback for our two recent updates 1) Snapshot and 2) Colourful interface of Bitcoin Cash at: https://cointopper.com/coin/bitcoincashConstructive criticisms are always welcome at CoinTopper. Thank you!! I am unlikely to adopt a different coin tracker. That said, I can think of one improvement. In advance mode, you show things other than usd price in differing colors. I would suggest placing a dot of color next to each of the figures that surround the chart. The popup tooltip works, but obscures part of the chart detail, and would be unneeded with this addition. |
|
|
|
What problem is that, embarrassingly rude person? You are a sophist. That's the problem. Izzat so? Funny that you've never engaged to point out whatever fallacious arguments I have been making. Of course, it's much easier to just slap a label on me, rather than show why the label applies. The mark of a sophist is that he never admits making any mistakes of any kind. So prove that you are not one. Not with posts past this point, but with posts you have made before. If you think you can. Pretty childish of you to create hoops you expect me to jump through. Especially as -- again -- you have not engaged to show evidence of any such behavior. Not to mention the sign that you have now redefined the word 'sophist' to convey some 'mark thereof', that has no bearing to any acknowledged definition of the word. ::le sigh:: One such refutation of your assertion: https://bitcointalk.org/index.php?topic=178336.msg17888659#msg17888659 |
|
|
|
What problem is that, embarrassingly rude person? You are a sophist. That's the problem. Izzat so? Funny that you've never engaged to point out whatever fallacious arguments I have been making. Of course, it's much easier to just slap a label on me, rather than show why the label applies. |
|
|
|
Roger Ver, is this one of your sock puppet accounts? Sure seems like it.
Haha. "There you go again" - R RaygunMost would know when to stop digging. Can you just stfu? I can. But I won't. Deal with it. You're part of the problem, troll.
What problem is that, embarrassingly rude person? |
|
|
|
Roger Ver, is this one of your sock puppet accounts? Sure seems like it.
Haha. "There you go again" - R RaygunMost would know when to stop digging. |
|
|
|
What no tool vanity plate to go with it? Lol If you have lambo, good for you. You're now part of the tool club along with Ver and CSW. I have a paid off house and still millions worth of bitcoin. So tell me why I would be bitter again? Maybe because markj113 has exposed you for the contentless braggadocio you spew? Making unfounded proclamations about what others have or think or do is a habit for you. You got called on it. NBD - move on. |
|
|
|
Riiiight. A well-reasoned post. Unfortunately, the 'reasoning' is built atop invalid axioms. The author completely misunderstands the nature of the game theory that holds the entire system together. As just one of several flawed assumptions, the author presumes that miners are willing to include each and every transaction within an ever-increasing block, in the face of the system being unable to handle that condition. Of course they won't. They will stop including transactions before it causes the system to crash. However you look at it, however, the only _real_ investigation that I know of that has looked into the matter concluded that generic home computing hardware can handle about 100 tx/s - and with fixes to Bitcoin's broken threading model, about 500 tx/s. Yes, some day, 500 tx/s will be insufficient. But not today. Not tomorrow. Not next year (at least unlikely to be). I won't even start on how cringe-worthy his 'ratio between potential bottleneck sources' analysis is. I don't know whether to conclude that he is disingenuous, or just dense. |
|
|
|
BCH has to deal with the transaction malleability bug in order to implement something like LN, which relies on the transaction id to be fixed.
Close, but not quite. The current implementation of LN requires a malleability fix (which it has accomplished by means of segwit). However, other second-layer, payment channel implementations have been designed and scenarioed which do not require such a malleability fix. (segwit fixed the transaction malleability bug.) However, someone may come up with a work around using the OPcodes. Or there may be another way to fix the transaction malleability.
BCH has for some time been discussing whether or not to adopt a malleability fix. And if so, whether segwit or some other mechanism (several have been scenarioed) would be the proper mechanism to adopt. However, I think it is low priority for the BCH team to get BCH to scale by using off chain solutions.
Agreed. While it is a longer-term issue, there are much more pressing things upon which to focus. ^Craig Wright kicked out of China !!  *must see* Well, no. Not quite. Not even close. More like Craig Wright getting escorted out of a conference room - by one of his own employees, no less. It's an ugly scene, no doubt. A full complement of blame to go around. Not much more than rude boys behaving badly. As an aside, I wonder why you tacked that on to a quote of a completely unrelated post I made? |
|
|
|
|
Show Posts
