- Pure proof-of-work, no proof-of-stake (unlike ppcoin), not energy efficient, but with additional potential scientific value derived from proof-of-work energy consumption (energy multiuse)
What kind of scientific value? |
|
|
|
everyone up to here should have their coins  I didn't post an address yet because I'm waiting for an infinite number to be given away. |
|
|
|
There is not much of an explanation here.
How is this going to make Bitcoin "the fastest and most powerful financial network anywhere"?
Let's all play Satoshi Dice for literally Satoshis. The network should be able to handle many thousands of micro-transactions per second and match any payment system out there. Sure it won't be large amounts yet because Bitcoin is not fully capitallized yet, but lets see anyone else able to handle many thousands of µTRX/s globally, instantly, and anonymously. |
|
|
|
|
I would like to take this to a ridiculous extreme for illustrative purposes. Let's say I am a writer and get paid by the word. Software could be written that reads my word total at random intervals and pays me a weekly percentage of the word total of each interval scanned for my expenses, and as an incentive to finish. This would be a way to cultivate new writers to improve their skills. As their productivity improves, their percentage could be raised and eventually bonuses earned. Maybe this isn't a good business model, but the principle applies to possibly hundreds of transactions over time with little in the way of transaction fees.
|
|
|
|
It will be worth a bitcoin because there will be no other currency. |
|
|
|
|
With this new nLockTime microtransaction update coming in bitcoinj it will allegedly allow unlimited microtransactions with no fees to accumulate until one large transaction is submitted by a vendor. If this is correct, then Bitcoin will become the fastest and most powerful financial network anywhere. Let's use it, acquire statistics, and prove that Bitcoin can process the world's transactions with speed and efficiency.
|
|
|
|
My bet is that they will publish the source code for the public, but will not allow to be used by anyone without their written permission.
in other words, I believe they have been busy filing patents to protect their work. Good luck to anyone waiting for the release to make a clone. My bet is that you will be required to pay royalties if you want to make a clone of XRP. But who know, maybe I'm wrong.
Of course they have patents. They are a damn scam and will always be. Scam indeed. There isn't any scheme they could have come up with that isn't already open source in the wild. No reason for the secrecy other than fear of being exposed. |
|
|
|
|
I know where it is. It's in the last place you'll look. First check the oven so you don't accidentally burn it. Then check you pockets, you may have "laundered" them in the washer.
|
|
|
|
So: E-gold operators arrested and jailed for unlicensed money transactions E-Bullion operators arrested and jailed for unlicensed money transactions Liberty Dollar owner jailed for variety of bullshit charges Liberty Reserve operators arrested for unlicensed money transactions Russian payment gateway operators kidnapped and extradited for enabling online gambling TBF members ...  In my opinion it is for the good of Bitcoin system: - the legal fiction called TBF either dissolves - or developers leave TBF and remain independent. It is neither safe nor noble for the devs to be associated with this business organization. The suit and white collar guys from TBF (businessmen) who wanted to play with fire by hiring lobbyists to get intimate with regulators / legislators to promote their present and future businesses at the expense of Bitcoin system development - well, let them get burned (hopefully not severely). Let them and their lobbyists wage silly legal battles. Even thou California objectively derped, the worstcase scenario, besides Gavin &co getting waterboarded forever, isn't so bad. I have an idea. If executed properly, it would add tremendeous value to Bitcoin. Here it is: Let's send TBF members and all core devs to FEMA camp and have them locked there for a while, like few years. Then let the rest of current developers and some new developers takeover, and eventualy create TBF v2. The world would have a definitive proof that Bitcoin can not be killed by removing it's head. Who is with me? meh, The US took out Bin Laden, all of his top leaders, and his entire Al Queda organization and now we are hunting multiple groups and calling them all Al Quedas. Haters don't stop hating once they start. |
|
|
|
|
If paper gold is in contango through shorting while bullion is in backwardation through hoarding, we could see a financial slingshot effect.
|
|
|
|
Unfortunately, the ridiculousness of the accusation does not prevent the California DFI from leveling the described fines against the foundation and/or its members. They will then be required to either pay the fines (with no assurance that they won't be fined again) or take their case to court at great expense.
It would be great publicity for Bitcoin to have baseless charges filed. |
|
|
|
just saw this on twitter .... - Ernie Allen, International Centre for Missing & Exploited Children
... Hmm. What is he doing in a World Bank forum?, and look at what this site thinks of him... http://bringvarvarahome.org/ernie_allen.phpBecause BITCOIN is used to BUY AND SELL CHILDREN and WHY WON'T ANYONE THINK OF THE CHILDREN?!?!?!??!11 You are confusing it with paedocoin after the hard fork with humantrafficoin. Mind your altcoins, Sir! |
|
|
|
|
Breaking News: DOT mandates seat-belts for all USB buses.
|
|
|
|
|
WWBD = What Would Buckley Do? I think he would be bullish and long on Bitcoin.
|
|
|
|
i am thinking about a giveaway for someone who create a casino-webpage to play with ifc
more infos coming soon
Just let everyone win every time. |
|
|
|
|
I love the idea of IFC. I wonder how fast the blockchain will grow? They should be called Barnanke or Zimbabwe Coins though.
|
|
|
|
I agree. Water is the next gold, but maybe not in my lifetime.
Oxygen is the new gold. You can't drink or breathe without it. I wonder if you can patent oxidation processes? |
|
|
|
I have to conclude that you people didn't read what I posted or understand what mining does so I'll post the important part alone. I don't usually like doing that because it positions peoples ideas out of context.
Here it is: "since they are enabling transactions for a profit."
It's not the reward that he's talking about. It's relaying transactions which do involve exchange for fiat.
I don't think anyone will argue that Bitcoin is not used in just the USA so you all can stop parroting that over and over. However, the lead dev and, in fact, many of the devs live in the USA. BitInstant and quite a few other big businesses are based in the USA. So, for the sake of argument, let's pretend that we give a shit about how the legal system in the USA is reacting toward Bitcoin. Thank you.
I suppose that would be like saying the mailman is a money transmitter for carrying my checks to the utility company. You can try to interpret what FINCen is trying to say, but they haven't done a very good job of elaborating yet. There isn't any practical way to hold miners accountable for their accounting, so unless they want to be heavy handed and make an example out of someone as seems to be the practice of our land of laws, I wouldn't worry about it. |
|
|
|
|
Show Posts
