Will that turn into the most expensive cup of tea you ever bought? Time will tell.
I don't know if it'll be the most expensive, but it was certainly the worst cup of tea I've ever bought. She always puts too much milk in. |
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Ethereum is more decentralised after 2 weeks than Bitcoin was after 2 years.
The FUD I have had to read while enjoying my 5 day ban has been bad for my blood pressure. I want to reach through the screen and grab benthach by his scrawny little neck and just squeeze until his eyes roll back in his head.
eth is more decentralized after 2 weeks because no one can really use it, it's just decentralized in your head. eth is still a vaporware with centralized command line and will stay like this for many more years before they can prove anything, by then the devs(scammers) and everyone is moving on, which already happened. the price will drift to nothing, your last chance of getting rich with crypto will reduced to nothing. After reading this post I don't actually think you even know how computers work. at this point eth can't be use for anything beside trading and speculation This is not strictly true. Today I incentivised my gf to go make me a cup of tea when she couldn't be bothered to do so. I gave her 1 Ether. I admit I couldn't actually send it to her as getting another Ethereum wallet is too much of a headache at the moment, so I had to write down an IOU on paper... you could call it a paper wallet I suppose. This is the Bitcoin-pizza moment for Ethereum, but with a cup of tea, and minus the actual on chain transaction. |
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Interesting development. Curious as to how it might affect the price of Bitcoin when the ATM's are in place. I worry the Greeks don't even have much money left to purchase Bitcoin now. I mean, being able to buy food comes first. Will Greek law and their government allow these ATM's? If the government can close your bank account down and take your money, you have to wonder. ' Bitcoin service provider and exchange Cubits has partnered with Greek bitcoin exchange BTCGreece to install 1,000 bitcoin ATMs and help small and medium sized businesses move money.
“We are creating the ecosystem of bitcoin and blockchain solutions in the Greek market.” BTCGreece founder Thanos Marinos told CoinTelegraph. “That will include the rollout of 1,000 ATMs and solutions for the e-commerce and tourism industry. Partnering with best of breed companies in the bitcoin space will enable us to provide the Greeks with solutions that will ease the difficulties of the capital controls.” ' http://cointelegraph.com/news/115143/greece-to-receive-1000-bitcoin-atms-as-trust-in-banks-long-gone |
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What do you mean by valuable invest cost? Elaborate please.
example, You bought a bitcoin for$ 250 . How much You want to sell it As much as possible of course. Stupid question.  Lol. My own personal answer would be, 1 Bitcoin = 1 million USD. If there are any takers, just let me know. I'd suggest taking me up on that offer now, because if hyperinflation hits, 1 million USD will be a bargain. |
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is ETH store everything on it wallet and blockchain or it have to depend on a centrallized machines somewhere else?
i guessed no one can answer me anything, it's all about trading and no one really know crap about ETH.
i think if ETH and ETH dapp is centralized then it should be worth nothing. third party company like coinbase or blockchain should easily build contract and app around bitcoin, even little kid using java can build contract around bitcoin as third party. java is free! i guessed i will have to look into this if ETH and ETH dapp is centralized or decentralized.
Whether ether if centralised or decentralised i personally dont like the way ether was launched, to this day there isnt a proper announcement page for ether with total coins, algo, pools and other stuff, devs who dont get paid actually do a better job in my opinion. This is my problem as well. I hear all the great things about ETH and I am indeed intrigued, but when I go and try to find hard concrete evidence I come up empty. One of the biggest claims being thrown around rather loosely is the IBM and Samsung association. The only thing I have found so far to back this up is a link on the bottom of ETH homepage with the IBM logo, but instead of going to a IBM or Samsung site, it instead points to a third party: https://www.theprotocol.tv/adept-demo-ibm-samsung/. This article then references ADEPT, the Autonomous Decentralized Peer-to-Peer Telemetry project and provides a link to: http://ibm.biz/devicedemocracy. Searching this document yields no results for Ethereum. I then search IBM's main site using the search function at the top of the page, and I do get three results. Two look like some type of support issues not really relevant upon reading them, but the first one is interesting, it is titled: Device democracy Saving the future of the Internet of Things, so I go read the pdf to investigate further. http://public.dhe.ibm.com/common/ssi/ecm/gb/en/gbe03620usen/GBE03620USEN.PDFI search the pdf for Ethereum, and the only thing I can find is the footnote at the bottom: So I look through the pdf to find the referenced quote and I find this: Why blockchains work for the IoT
A technology breakthrough that has fundamentally changed our notions of centralized authority,
the blockchain is a universal digital ledger that functions at the heart of decentralized financial
systems such as Bitcoin, and increasingly, many other decentralized systems.
The blockchain holds a record of every transaction made by every participant. Cryptography
is used to verify transactions and keep information on the blockchain private. Many participants
verify each transaction, providing highly redundant verification and are rewarded for the
computational work required. By confirming transactions using decentralized consensus,
the blockchain eliminates the need for trust.
While the blockchain may carry regulatory and economic risk as a long-term store of value
(as in the case of Bitcoin), it can be quite revolutionary as a transaction processing tool.
15
In our vision of a decentralized IoT, the blockchain is the framework facilitating transaction
processing and coordination among interacting devices. Each manages its own roles and
behavior, resulting in an “Internet of Decentralized, Autonomous Things” – and thus the
democratization of the digital world (see Figure 5).
I highlighted in red the portion referencing footnote 15, the one referring to Ethereum. As you can see, they talk more about Bitcoin, and make just a passing reference to how the block chain can be used for a transaction processing tool which then refers to the Ethereum wiki page. Well long story short, call me a bit underwhelmed by this support by IBM. Maybe I am missing more relevant discussion or links, and if so please point them out. As I said before I am interested, but have yet to find any solid evidence to support all the claims. here is ibm adept video, they talk about bitcoin, bittorent and ethoream. i don't see any ethoream in action in this video, i believed none of the demo in this video is using any ethoream coding. people would need to pay ethoream to use washer machine and to use remote control which can achieve with a simple java coding. i see this is probably the reason why the head of ibm adept is already gone. at this point ethoream is just pure HYPE. eth is basically still a vaporware at this point and it would take years before they can prove anything. Nice research. I agree with you, once you start trying to find out hard facts about Ethereum, they kind of disappear into the... well, ether. It's the nature of the beast I suppose. Either that or you'll read contradictory points with no one laying down hard rules/plans. I really want to like Ether, but at the moment it's a bit too ethereal for my liking. |
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Some alts are based on a protocol that may be utilized in the future ('may',as in 'maybe' being the operative word here.) and so therefore appreciate in value for the holder, like Ethereum/Ether for example.
So mine & sell isn't the only game in town necessarily.
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You just want to see things darker I cant help with that.
I meant startFUND, not startjoin.
Meganet is not site, its new decentralized internet that will operate using crypto.
Chinese people have language barrier, they dont speak english, they need mandarin version in order that Chinese potential is fullfiled.
Also Dixon is going to China to promote it. In fact his company is based there, START is gonna focus on China.
Trust me, Chinese people can read English pretty well, much better than they can speak it, and definitely well enough to sign up for Bittrex and follow the shiny start symbol and read the numbers and then buy. It's not really 'words' heavy. Dixons company is based in Hong Kong which is quite different from mainland China, in law and practice. Please understand, I've invested in Bank to the future's pitches, I've even invested a little in Start coin holdings. So if anyone should be waving the Start coin flag, it should be me. In any case, I'll certainly try not to see things darker in the future.  |
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karl just wants to dump his start bags and that's why he promotes start
I know exactly how he feels. Really I do. I'm wondering how much anyone thinks Start will be a year after Mr. Whale on Twitter said 'Watch out for Start coin it will be huge this time next year' (or words to that effect.) I think he said it around July 4th 2015, or somewhere close to that. What price is 'huge' on July 4th 2016? I'd say at least $1, that's not huge, but also I don't think it's achievable for Start in that time frame. |
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I disagree.
1. If there will be good reason for price to rise, sellers will remove or move their positions higher. It is always like that.
2. Which altcoin can provide more means to go mainstream?
3. Which altcoin have richer ecosystem, connections in real world, celebrities supporting it, etc.?
4. Chinese money are not counted in yet.
5. Starfund is not active yet.
6. Also it will be the only alt accepted by Kim dotcom and Im sure Meganet will be huge thing, all over media.
Your criticism can be applied to all altcoins. Objectively, there is more reasons for START to go high in next months than go down.
Hmm, maybe my (general) criticism could be applied to all alt coins, but not the specific points I made in relation to start coin holdings. In fact, I don't regard all alt coins equally. I'm concerned with their utility which I think in the long term results in worth... not always the case of course. Your first point is a good one. Your second point can be argued depending on subjective interpretation as to what is needed for an alt coin to go mainstream, and I'm not even sure how to quantify 'mainstream'. As far as I've seen with celebrities supporting Start, it's Max and Russel Brand... and that's it. Better than nothing of course. But you should know they are only really focused in the UK, a country that takes forever to adopt tech wise what most normal US citizens are already doing five years previous. Chinese money isn't counted in yet? What Chinese money, and how do you know it's not? There isn't any 'Chinese can't have it yet' thing going on with Start. They can get start on the exchanges outside of China just like everyone else. Starfund? Or you mean Startjoin? Because if you mean startjoin it's been active for a while now. As to Kimdotcom, is he even doing that site anymore after getting raided by a joint US & New Zealand task force? I'd love for you to be right though, but I can't see it. On the other hand, Dixon's 'bank to the future' is excellent and well worth investing with. |
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listen to KhalDrago if you want to stay poor. START can go only up now. We are at the floor and there is huge interest by real people outside of BTT with means, to make this succses.
This isn't really true. It was pumped up to around $0.20 and then dragged downward. That rise was easy because there was nothing there to buy up to stop it flying, now there are many positions all the way up to that and beyond... including some of my own. People keep mixing up Start coin with Bank to the future, thinking that Start coin is actually backed with the assets that Simon Dixon's site has invested in, yet that's not the case. You can use Start to invest in the pitches on Dixon's site, true, but you could do that with BTC anyway. Start coin is just an alt coin that has a wallet, website, a chat client and a payment system with it which is then known as 'Start coin holdings'. Two years ago I think it would have been right for its time, but now it has so much competition. Don't get me wrong, I'll be over the moon if it goes above $0.20 again, because then I can sell and run back to Bitcoin. |
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Ok so first of all the Eth inflation rate is 33% - not 40%. It is 33% of the original Eth issuance - NOT of the current Eth's in existence.
Thanks for the explanation. I'd seen 40% written here and there in relation to the inflation rate. I still think 33% inflation in view of the current Ether is particularly high though. It will take three years for Eth supply to double the first time. Six years for it to double the second time. Twelve years for it to double the third time. 24 years for it to double the fourth time (USD inflation).
And will that doubling each time increase the value of Ether? Or lower it? My outlying hope is that the protocol does some really interesting things and has some innovative developments, if it does then there's a good chance the value will rise, but I still think that will be a slow rise after all the pump and dumps are done. To be fair to Ethereum, they have always stated Ether is a fuel token and isn't to be taken as an asset. I'd still like them to fix the quantity of Ether, otherwise it'll be just like owning Ripples (I admit Ether will be more useful to own than Ripples though.) |
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He is obv. no Bitcoin expert.
even though you are right, but, what would you say if what he said "bitcoin's flaw" was proven? now, what is your evidence that what he just said is no legitimacy? You do realize how many millions of dollars it requires to perform a 51% percent attack, no? It's barely feasible. And even if it does occur, it's still going to have to deal with the chance that the other side/group/chain may pull together that extra 1/2/3 % or whatever to keep a particular chain of consensus. Look at the Bitcoin XT deal. It needs to hit 75% before anyone will really get anywhere. A 51% attack in no way implies that the attack will succeed. The evidence that what Snowden says has (virtually) no legitimacy is that he displays deep ignorance about the Bitcoin protocol in other things he throws out there, namely that there is an identity issue with Bitcoin, when there's only an identity issue because people keep using their identity to get Bitcoin. Create some other token - like he says - and then we can apparently do lots of things. Erm. No. That would be the Bitcoin blockchain potential already that he's just mentioned. Like others have pointed out, he should have done his research. Really he should have. I will say one thing though... I do find the Obama commissioning a supercomputer to be worrying, I have to admit. i don't wanna war with you, dude. at the red words, as the people left their XT node wallet due to the blockchain matter, people would start using the online wallet. did you realise that the XT is used to centralise the power of bitcoin and get it to regulate? unless we would not be in struggle with the excessive blockchain size, otherwise, 75% attacks would be just a piece of cake. Okay, perhaps I shouldn't have mentioned the XT thing as that's a whole different topic and there are plenty of threads about that. My point was simply that a 51% attack is a huge endeavor in the first place and no small thing. |
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He is obv. no Bitcoin expert.
even though you are right, but, what would you say if what he said "bitcoin's flaw" was proven? now, what is your evidence that what he just said is no legitimacy? You do realize how many millions of dollars it requires to perform a 51% percent attack, no? It's barely feasible. And even if it does occur, it's still going to have to deal with the chance that the other side/group/chain may pull together that extra 1/2/3 % or whatever to keep a particular chain of consensus. Look at the Bitcoin XT deal. It needs to hit 75% before anyone will really get anywhere. A 51% attack in no way implies that the attack will succeed. The evidence that what Snowden says has (virtually) no legitimacy is that he displays deep ignorance about the Bitcoin protocol in other things he throws out there, namely that there is an identity issue with Bitcoin, when there's only an identity issue because people keep using their identity to get Bitcoin. Create some other token - like he says - and then we can apparently do lots of things. Erm. No. That would be the Bitcoin blockchain potential already that he's just mentioned. Like others have pointed out, he should have done his research. Really he should have. I will say one thing though... I do find the Obama commissioning a supercomputer to be worrying, I have to admit. |
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My big problem with Ether is its 40% inflation rate. The fact that it's continuously mined forever with the idea that much of the Ether will end up lost/other and so the constant yearly X+ rate won't affect it as much, I'm not convinced by - as in for keeping Ether as long term as an asset.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
The inflation rate is the same amount for forever - not a consistent 40% inflation rate. Also I believe the inflation is planned to be completely ended for PoS. That the miners will be supported by fees only using the PoS system they have planned. Eth may lose all inflation before bitcoin ... What's the difference between 'the inflation rate is the same forever' (and is 40% as far as I've read) to my 'its 40% inflation rate' due to its constant production and mining? I've highlighted your word 'believe' as there seems to be a lot of 'believe' and 'think' and 'probably/maybe' surrounding Ether. You can't guarantee a 'maybe'. Not trying to be funny, but I could believe the Magic Moon Monkey will come down and bless me tomorrow, but that doesn't make it so. That's why Ether makes me feel nervous to buy. Tell me there will only ever be 21 million Bitcoins and I understand, tell me some strange mathematical formulas for Ether being produced forever but at a 40% inflation rate (which is huge compared to USD 5%) and P&D floats through my head. Perhaps I'm misunderstanding 40% inflation rate? Perhaps I'm misunderstanding a token/coin that's not locked and can have more produced whenever it might be needed. The protocol isn't fixed in view of Ether generation. |
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I'm not sure if Snowden particularly knows what he's talking about in this case really. I mean, the 51% attack is hardly something most don't know about. http://cointelegraph.com/news/115133/edward-snowden-on-bitcoin-bitcoin-by-itself-is-flawed“Obviously, Bitcoin by itself is flawed. The protocol has a lot of weaknesses and transaction sides and a lot of weaknesses that structurally make it vulnerable to people who are trying to own 50 percent of the network and so on and so forth.” ' Despite his concern for the digital currency, Snowden believes the concept of tokenization and proof of work could be implemented to create “some very interesting things,” which “people can basically pay for access other than direct transfers of currency that originated with an association to their true name.” Bitcoin's associations to name/identity is due to the square-peg-round-hole problem of many developed countries now placing their structures/legislation onto Bitcoin and the purchase trading of it, not any inherent flaw in Bitcoin itself. If people will give identity to these exchanges/circle etc. to play with the ball, then what does anyone expect? Kind of disappointed with Snowden now really. I mean anyone can throw a sound bite out there like: “some very interesting things,” What does that even mean? It's like me saying in the dawning age of home computers that they'll be able to do some 'very interesting things' one day. Anyone could have said it. I expected more from Snowden to be honest. |
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My big problem with Ether is its 40% inflation rate. The fact that it's continuously mined forever with the idea that much of the Ether will end up lost/other and so the constant yearly X+ rate won't affect it as much, I'm not convinced by - as in for keeping Ether as long term as an asset.
Having said that, I don't think it's going to go away anytime soon and might well be able to hold a Litecoin price or more due to it's connection to a system that may potentially get a lot of exposure due to developments on it.
I think it's still too early to say.
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Yes I agree. Keep in mind that bitcoin is still in its prototype stage. The front end payment system is not fully developed. The real question is if the world economy collaps, then does people have no choice than to learn how to use crypto currency no matter how well developed since there will be no alternatives. I bid the day of the dollar/euro/yuan collapse welcome I'll bet you a Bitcoin that they'll come a lot quicker when the slogan is 'Use Bitcoin and get up to 30% off of ALL your online purchases!' You'll see your Bitcoin's value rise like a rocket, it won't be the moon, it'll be Mars or Jupiter. |
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I don't think it's a case of ease of use, or lack thereof. There's simply zero incentive for a person with access to first world financial products to use it in everyday life.
Over a period of time, merchants will start passing on savings (credit card fees, chargebacks, etc) to consumers who use bitcoin. That will give a real push to Bitcoin. Unfortunately, we will have to wait till that happens. ^This^ I think this is the main point. Merchants are supposed to be giving savings with Bitcoin. That's the main incentive for all shoppers, and frankly, Bitcoin should target itself a lot more to women who are the largest demographic of online shoppers. Without something like a 20-30 percent discount from buying items paid with credit card/paypal there's virtually zero incentive for the average person outside of crypto-idealism to use Bitcoin. Yet, I can't remember the last time - or if ever - where I've seen an item at a discount if paid for with Bitcoin. They always price it equal to the dollar value at the time. Merchants should be doing this, they save money and the customer saves money. It's a no brainer, surely. The other reason savings need to be offered is because who wants to part with something that may be worth double next week? It's a trade off, or at least should be. For some reason this penny/Satoshi hasn't dropped for merchants yet. |
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The Mirror is a truly crappy tabloid in the UK so I wouldn't care too much about what they say. It's only a few pegs less than the Daily Mail, which also likes to highlight moral outrage at anything new that could be used for anything illicit. If someone invented a new type of low calorie cake they'd print articles about how those cakes are gateway cakes to bigger, fattier, heart disease promoting cakes, that are also destroying teenagers psychology and turning women into prostitutes. Ignore them. |
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Not signed so really there's no doubt it's fake. Only an idiot would do it this way, and I hardly think a person who invented a proof technology would forget to sign with a proof he invented.
Just another day in the Bitcoin show.
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