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Most viral marketing campaigns are grassroots, word-of-mouth, type things.
That's the best method of spreading something from a historical perspective. Organizations can spend as much as they want. It doesn't mean they'll receive a lot of views or get a lot of attention or public focus on something.
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I just read all the leaked scripts from the Season 8 an not all the Stark's are going to die, Only Bran is going to die alongside lots of the Main cast. Damn its going to be a bitter sweet affair and after Bran dies, the White Walkers will resurrect him and he will become the Night King again. This story is far from over.
Bran becomes the night king? Does that mean the night king is dead? If the night king is the 1st white walker, who made the other white walkers, does it mean if the night king dies all of the white walkers die as well? There could be a bit of a contradiction there. |
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Same Day ACH: Moving Payments Faster (Phase 2) New capabilities of Same Day ACH become effective over phases to allow financial institutions and businesses to acclimate to a faster processing environment, as well as to ease the implementation effort. Beginning September 15, 2017, Same Day ACH will be available for debit entries, enabling the same-day processing of virtually any ACH payment. The Rule enables the option for same-day ACH payments through additional ACH Network functionality, without affecting previously available ACH schedules and capabilities: Originating financial institutions (ODFIs) are able to submit files of same-day ACH payments through two additional clearing windows provided by the ACH Operators (Note: The actual ACH Operator schedules are not determined by the NACHA Operating Rules.): A morning submission deadline at 10:30 AM ET, with settlement occurring at 1:00 PM. An afternoon submission deadline at 2:45 PM ET, with settlement occurring at 5:00 PM. Virtually all types of ACH payments, including both credits and debits, are eligible for same-day processing. Only international transactions (IATs) and high-value transactions above $25,000 are not eligible. Eligible transactions account for approximately 99 percent of current ACH Network volume. All RDFIs are required to receive same-day ACH payments, thereby giving ODFIs and Originators the certainty of being able to send same-day ACH payments to accounts at all RDFIs. https://www.nacha.org/rules/same-day-ach-moving-payments-faster-phase-2...... For those who ask how bitcoin can have a positive impact on the economy/society/civilization, this is a good example for you. Here we see ACH's(automated clearing houses) implementing faster methods of processing transactions to allow them to be more competitive with bitcoin/crypto. |
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Banks have been filing patents relating to bitcoin/blockchain for years. If they can find a judge that is corrupt enough they might someday succeed in having their patent applications approved. That day has not yet come, however.  |
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Venezuela's unfortunate economic crisis could be a good example of how a country could benefit from adopting bitcoin.
Unfortunately for venezuela, the state would undoubtedly attempt to nationalize bitcoin & that failure would only ruin the country further.
Venezuela's attempts to nationalize toyota and other private sector enterprises are responsible for driving many employers and jobs out of the country. Their tendency towards micromanagement and waging an illogical war against capitalism has driven what was once an oil rich country to the brink of ruin.
Bitcoin could help venezuela, unfortunately the socialists in charge would never allow that to happen because their irrational hatred of capitalism and the private sector override common sense.
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Its difficult finding quality unique content for crypto. With the exception of the guy who bought 2 pizzas for 10,000 btc the possibility of David Kleiman being Satoshi Nakomoto and a few other stories there isn't much newsworthy that happens here.
The majority of things published on bitcoin/crypto are propaganda pieces. There isn't much effort made to educate or inform people. There is a vacuum and a need for that type of thing. But I don't know that there's enough of it to keep 1 tv channel busy 24 hours a day much less multiple channels.
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Bitcoin -- in the form of Bitcoin Cash -- can process about 25 transactions a second. And for the interval of time when demand does not outstrip this capacity, zero conf transactions are reasonably safe for many use cases. Which yields a user experience roughly on par with credit cards to the buyer, and markedly superior than credit cards for the vendor.
Will 25/sec be enough five years from now? No, but the incessant march of technology will resolve that issue.
If it is true that unconfirmed transactions are caused by politically motivated DDoS spam rather than block size, increasing block size won't do anything to fix it.  Labeling bitcoin's low transaction speed a "scaling issue" is a failure of terminology. Its like a website being DDoS spammed and choosing to call it a "bandwidth issue". |
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With bitcoin reaching an all time high of $4,000+ its possible gambling sites are selling all of the btc they hold in reserve.
If I remember correctly directbet may have done this after btc reached $2,500.
Rather than sites closing from losing money, it could be that they're profiting they made from holding large amounts of btc over the long term & liquidating their reserves.
If Conor McGregor defeats Floyd Mayweather gambling sites will likely lose a lot of money though.
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False comparison. On a human scale, bitcoin transactions post in about the same time as credit card transactions - a couple seconds. Bitcoin transactions settle in several ten minute intervals. In contrast, credit card transactions settle in thirty days or more. Bitcoin can process approximately 3 transactions per second while credit cards can process upwards of thousands per second. If you drift off topic and discuss "post time" that's something else. The block size argument misleads people into thinking bitcoin can process transactions at the same speed credit cards can achieve. That they can "buy coffee with bitcoin" the same way they would with a credit card. Even with 8 MB block sizes bitcoin will still be extremely slow in comparison to credit cards. Bitcoin will never be fast enough to process thousands of transactions per second the way credit cards do. That's the main point that could be relevent in terms of people questioning whether they want to risk security and decentralization for a relatively small gain in transaction speed which may not fix the issues bitcoin has had with unconfirmed transactions. And when blocks are not chronically full, zero conf transactions are reliable enough for the majority of retail purchases. At least they were, until RBF broke them.
This is interesting: http://www.nasdaq.com/article/something-odd-is-happening-at-bitcoins-largest-mining-pool-cm756139Recently, AntPool has been mining a number of blocks with sizes of around 99 KB, 369 KB and 860 KB. There were dozens of blocks mined around these specific sizes during the month of February. During the times these blocks were mined, everyone else on the network was filling blocks with transactions up to the 1 MB capacity limit.
In addition to the non-full blocks mined by AntPool, the mining pool also created 16 empty blocks in the month of February. The total amount of transaction capacity lost by the network during this time as a result of AntPool's small blocks is not difficult to estimate. Numbers shared by BitFury's Alex Petrov show AntPool's average mined block size in February was around 100 KB less than other mining pools of comparable size.
The number of transactions in a block can vary, but at an average transaction size of 500 bytes , 100 KB would amount to roughly 200 transactions. With 768 blocks mined, AntPool essentially included 153,600 less transactions in February than other large mining pools, such as BitFury or F2Pool , which would have mined with a similar share of the network. This is roughly half of the total number of transactions that are mined on the entire Bitcoin network per day. In cases like this, increasing block size won't do anything to increase transaction speed when blocks are full to "99 KB, 369 KB and 860 KB" capacity. |
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For big businesses with an internet presence, one of their biggest concerns may be downtime. Amazon.com being down for a few hours can represent millions in lost revenue. This raises an interesting question: how often is bitcoin down? How much downtime can be expected from data systems built utilizing blockchain technology? Blockchain's reliability is one area where it has the potential to outshine standard backend databases. Not to say that this advantage doesn't come with disadvantages to offset it.
Blockchain technology is already being used by maersk, IBM, walmart & other retailers as a inventory tool. There may definitely be many applications for it that will take time to catch on and be proven effective in their respective roles.
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I have read from ETH News that the Central Bank approves licenses for two cryptocurrency exchanges. Do you think it is true? They said the implementing rules are still to come out. Is it really true?
How will it affect the Philippine banking system?
This is the best source for this news article I could find: http://www.philstar.com/business/2017/08/19/1730418/bsp-approves-registration-2-bitcoin-exchange-operatorsBSP approves registration of 2 bitcoin exchange operators
MANILA, Philippines - The Bangko Sentral ng Pilipinas has approved the registration of two companies to engage in the operation of bitcoin exchanges as part of efforts to regulate the fast growing but potentially risky virtual currency industry.
BSP Governor Nestor Espenilla Jr. said during the FinTech Thought Leadership Roundtable Series presented by FINTQ, the central bank has given the two companies the green light to operate bitcoin exchanges.
“They are local based but they have international roots,” Espenilla said.
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. People could buy and sell bitcoins by tapping dealers or brokers or going to bitcoin exchanges.
Holders could also look for services or goods whose merchants accept bitcoin payments.
Last January, the BSP issued Circular 944 laying down the guidelines for virtual currency exchanges. It is the policy of the central bank to provide an environment that encourages financial innovation while at the same time ensure that the Philippines will not be used for money laundering or terrorist financing activities and that the financial system and financial consumers are adequately protected.
Thus, the regulator recognizes that virtual currency systems have the potential to revolutionize the delivery of financial services, particularly for payments and remittance, in view of their ability to provide faster and more economical transfer of funds, both domestic and international, and may further support financial inclusion.
“We see a rapid increase in the trajectory. It is coming from a small base but increasing that is why we decided to require them to register,” Espenilla said.
The BSP chief said volume has more than doubled to about $6 million per month from only $2 million per month the previous year.
“That is the importance of putting them under the regulatory framework. They have to comply with it. We are moving to regulate them,” he said.
The BSP circular states virtual currency exchanges providing a facility for the conversion or exchange of fiat currency or government-issued currency to virtual currency are considered similar to remittance and transfer companies and should be covered by Republic Act 9160 or the Anti-Money Laundering Act of 2001.
Meanwhile, Espenilla said the BSP is also set to issue an information technology (IT) risk management framework to upgrade its basic framework under Circular 808 issued in 2013.
“It will have enhanced expectations on cybersecurity risk management, that is one. It will further open up the use cases for cloud technology in banking applications, and the third one it if further strengthen the governance responsibilities of the banks boards and management to make sure that the IT systems of their institutions are robust and resilient to cyber crime as well as disasters,” he said.
According to him, banks invested heavily level up their IT management.
“Banks today are less concerned about regulatory requirements for their own risks. Even without regulations, a bank is very vulnerable to cybercrime and can lose money much more than any other penalty,” he said. Looks legit. Excited to see what this can do for the philippines and the crypto industry as a whole. If russia can follow through on their claims of investing $200M into crypto mining that would be great, too. Also this part of the article which talks about "international roots" seems to imply both exchanges are run by international (central) banks which would mean they are "regulated" for those who feel safer about working with state based regulation, etc: BSP Governor Nestor Espenilla Jr. said during the FinTech Thought Leadership Roundtable Series presented by FINTQ, the central bank has given the two companies the green light to operate bitcoin exchanges.
“They are local based but they have international roots,” Espenilla said. |
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Bitcoin definitely has the potential to overtake digital/electronic currencies. Bitcoin is cheaper, faster and more reliable than many forms of electronic payment & exchange. Old and potentially obsolete technologies like automated clearing houses and wire transfers are typically inferior to bitcoin in many ways. These deficiencies translate to bitcoin fulfilling an essential need in certain industries which have not evolved much over the last few decades.
Even if bitcoin transfer costs rise to $20 per transaction that will still be cheaper than many wire transfer services which charge twice that amount.
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Here's the official weigh ins for Mayweather vs McGregor: https://www.youtube.com/watch?v=PUMVQI5CyvIConor weighed in @ 153 lbs. Floyd weighed @ 149.5 lbs. Crazy amount of hype for this one. Bellator 182 is also tonight for MMA fans. Bellator 182 Card
Andrey Koreshkov vs. Chidi Njokuani
Brennan Ward vs. Fernando Gonzalez
Bruna Ellen vs. Veta Arteaga
A.J. McKee vs. Blair Tugman
Georgi Karakhanyan vs. Daniel Pineda
Sinead Kavanagh vs. Arlene Blencowe
Noad Lahat vs. Henry Corrales
Ricky Rainey vs. Marc Stevens
Chris Honeycutt vs. Kevin Casey
Colleen Schneider vs. Kate Jackson
Matt Secor vs. T.J. Sumler
Philipe Lins vs. Vadim Nemkov |
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High fees. A case could be made for high fees being a byproduct of DDoS spammed transactions and miners primarily selecting transactions with the highest mining fees to process. It isn't 100% a design flaw of bitcoin. Its more motivated by politics and profiteering. |
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One might say world markets decide which money is good or bad. Good money prospers and increases in value while bad money devalues/hyperinflates as its worth diminishes.
If Charles Darwin were alive today he could write a theory of money evolution where markets are defined by a survival of the fittest credo which determines good, strong, money survives while bad, weak, money perishes and is eliminated from the global financial gene pool.
As Charles Darwin isn't here, how do we define what good money or bad money is?
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@joshy23. I read an article that Daniel Cormier is already planning his future, and the move to heavyweight is in the picture. He said that it will be easier for him because that is where his natural weight is. He is also mentally strong, I doubt the loss to Jon Jones would have destructive effect on him and his career.
There's footage floating around youtube of Daniel Cormier saying "he would never fight at 205 again" after he almost missed weight in his fight with Anthony Johnson in New York. That was the event where some criticized DC for holding onto the towel when he stood on the scale. DC's last few weight cuts appear to have been extremely difficult for him & that's likely the reason he's thinking of moving up & fighting at heavyweight where he won't have to worry about dieting or a weight cut. |
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One issue with larger blocks is, it assumes a significant increase in transaction per second performance can be gained by increasing block size despite these claims being untested and unvetted.
Nonsense. It is pre tested and pre vetted a priori. Because, first grade arithmetic. If bitcoin's speed is 3 transactions per second and 2MB blocks scale to 6 transactions per second with 8 MB blocks scaling to 24 transactions per second... Bitcoin will still be incredibly slow by the standards of credit cards & other payment systems which achieve thousands of transactions per second. 24 transactions per second with 8 MB blocks is still extremely slow. Many 1 MB blocks on bitcoin core are mined are not 100% filled to capacity. There are many 1 MB blocks which contain only 600 kilobytes due to miners imposing conditions on transaction fees to limit which transactions they mine. Even if block size was increased to 2 MB or 8 MB there would be many blocks which were only filled to 25% or lower capacity due to miners only processing transactions containing above a certain threshold of transaction fee. Transactions per second is a theoretical number which can vary. It is possible to increase block size and see transactions per second increase a smaller than expected amount. |
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Billionaire investor and Bitcoin doubter Mark Cuban is coming around on cryptocurrency.
Despite saying Bitcoin was a bubble in early June, Cuban has backed venture capital firm 1confirmation, according to Bloomberg. The firm not only has plans to invest some $20 million in companies developing blockchain technologies, but it also wants to invest in early stage companies before they head into an initial coin offering (ICO)—a fundraising effort in which the offering company issues tokens rather than ownership stakes.
Founded by Runa Capital principal Nick Tomaino, 1confirmation hopes an early stage investment in a promising albeit unproven company could lead to a discounted token price once young company holds an ICO, according to Bloomberg.
1confirmation also hinted that it hopes to add value to the companies it invests in to bump up its ICO pricing.
It's not the first time Cuban has gotten involved in an ICO. Cuban also plans on participating in a fundraising round of sports-betting blockchain platform Unikrn, meaning his latest investment could result in him indirectly owning more than one kind of cryptocurrency.
ICOs have caught fire recently, at least among investors like Cuban. One major selling point is that while traditional methods of investing in a young company usually means holding onto the stake for a long period of time, tokens are far more liquid. If an investor wants out of a company, they can usually trade the company's coins for Bitcoin of Ether, which can in turn be traded for fiat currency, according to the Harvard Business Review.
Meanwhile, cryptocurrencies have surged in recent months, with Wall Street consistently raising Bitcoin's value higher and higher. http://fortune.com/2017/08/22/mark-cuban-cryptocurrency-fund-1confirmation/Lots of big names getting involved with ICO's. Is it because ICO's represent real value. Or is it because its relatively easy to raise the market cap of an ICO to a high dollar amount? How do people see the future of the ICOverse panning out? Will ICOdom evolve into a utopian paradise. Or will it eventually decay and entropy into a barren wasteland? |
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OP's link is a hackernoon article. They're known for posting good content. Also thanks for mentioning drawbacks associated with larger block sizes which mainstream media sources choose to ignore.
There are other things OP missed in terms of block sizes not always mattering as many blocks are not filled to full capacity even with current 1 MB blocks. But all in all decent read.
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