If its true and assuming they refund people's bitcoins, then what will happen is that there will be a lot of happy people. Beyond that, not much will happen. A few people might sell some, but most people will hold. And overall community sentiment will be more positive. Probably not much difference in regards to price. imagine just 10% of the coins are sodled - I do not get the redditors who say that that is bullish I am happy for the guys having coins in mtgox |
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670.000 coins back to the market ?  |
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Some of the comments on reddit.. [–] bassjoe 1 point 48 minutes ago The blockchain belongs to the whole network, not just those that want to use it to store their proprietary information which is useless to the majority of the network's users. [–] physalisx -1 points 1 hour ago* As far as I'm concerned, counterparty can suck it. There is no reason why they should be allowed to abuse the blockchain by filling it with their data. The blockchain is not a general purpose storage space, period. They'll have to find another way. Wanting to build decentralized services is great. But there's no justification for putting it all on Bitcoin's shoulders.[–] scotty321 1 point 1 hour ago This is why we can't have nice things.[–] super3The blockchain is a data structure. Why do people get to state what it may or many not be used for?[–] nullc 3 points 19 minutes ago Your home is a steel and timber structure, why do people get to state what it may or may not be used for? I for one am looking forward to putting my radioactive waste in your living room. Don't like it? Too bad: I paid fees to your neighbor, fair and square.  [–]slimmtl 8 points 2 hours agoMy miners arent your free cloud storage. the question of network neutrality is quite elemental. But I can also understand the critique of abuse (not in the case of counterparty) but in general. to see it on a broader scale, the problem of oligopolized mining and their political power seems already to be relevant. Just imagine the same situation we have with the pools, between a regulator and a mining pool. This situation has the potential to be a major drawback for mass adoption, because no regulator will support a situation where he can basically be extorted. I personally was quite shocked although I knew of the power of the miners that they would have the potential to abuse this power in an almost unlimited way. to put this system in a wider perspective a constitution is missing, I highly doubt that in that spot a kind of self-enforcing equilibrium will occur. |
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It's not very well researched.
it is number 1 in reddit/bitcoin it opens basically the question what the bitcoin blockchain is for - I think this question is quite elemental. anyway good to see your comment in the discussion on reddit |
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good to see this discussed on a broader scale |
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a solution within the bitcoin protocol would be much better, the charme of xcp and msc is the network security and that you do not need to move your bitcoins on any exchange to get them
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looking fine - afaik all pts are mined in the middle of the year (correct me if I am wrong), what happens to pts after that?
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Good effort OP.
Obviously whitelist: Darkcoin and Anoncoin
Reasons for both: active devs, active community, trying to innovate with new privacy and security features
+1 you should also add the metacoins for bitcoin, counterparty/xcp and mastercoin/msc they are somewhat building financial markets on top of bitcoin, great developer, promising and innovative |
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it is totally fine that some people are taking the opportunity to buy cheap now, so he can offer whatever he like as long as he finds a seller . anyway this is probably the wrong thread for buy/sell |
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no matter if he is: the key argument here is, that people outside computer sciences had no idea about what bitcoin is, when they get the broader picture they are mostly overwhelmed. for most it is some weird anonymous internet money.
the future question will no bet if bitcoin/cryptocurrency works: the question will be if decentralized systems work better than centralized systems. or to put it in other words. how much centralization do people need
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I think I saw a similar post in the thread before...
The thread tittle should (perhaps) be changed to something like:
Introducing NEW Proof of Transaction - FlutterCoin FLT - PoB / PoW / PoS
I'm sure lot's of people still think this is just another shitcoin
Looking forward to seeing website also.
+1 |
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love this
could you add mastercoin-msc? it is one of the main players and somewhat missing in your design
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Just so I understand...
We are voting on a decrease in block reward of 20% per year?
That would mean that the total supply would be 12-49 million drk?
Keep up the awesome work Evan!
Correct It is better to make it scarce - the key innovation of this coin is the anonymity as goal one |
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guys calm down, everyone in the bitcoin universe know which role the core developers play and until now they did quite a good job - I think the developers of xcp are already in close contact to the core developers, let us see where this is going
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the volume per day is quite impressive  |
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This whole ecosystem might in the end turn out more like Linux adoption than say smartphone adoption.
The ultimate ubiquitous use-case for Bitcoin might end up being the underlying infrastructure of mainstream financial transactions, where consumers interact in exactly the same way as before through existing firms that convert over.
Much the same as how Linux never really caught on for desktop use but completely changed the world on the backend.
good point. difference is though that those were never traded on exchanges:  and that software is not scarce but i thought about that case too - maybe to put in a bigger picture cryptocurrency/cryptofinance is in early stages. |
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user 15 is interesting - there was some fishy stuff on this exchange
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wow - thought about this incentive model when nxt started.
brilliant idea - if you guys are serious this can be a success. i think the chinese will love it
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to close the gap - does anyone has a clue why both xcp and msc are so little demanded? too early? no pumping possible? I do not know exactly for msc but xcp is also traded in bulks outside exchanges, but comparing the amount traded per day is for both extremely low
or is it simply the market structure with all coins already in existence?
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According to https://en.wikipedia.org/wiki/Diffusion_of_innovations , the first 2.5% of adopters are "innovators" and the next 13.5% are "early adopters". According to this https://bitcointalk.org/index.php?topic=316297.0 , 2 million people are holding BTC. The big uncertainty is how many people will hold BTC at "full adoption". The world population is 7 billion people. If, at "full adoption", 0.1% have BTC, that's 7 million people. 7 million * 16% = 1.1 million, which means we are already past the "early adopters" stage. However, if at "full adoption", 0.2% will have BTC, that's 14 million people. 14 million * 16% = 2.2 million, meaning we are near the end of the "early adopters" stage. All of these numbers are guesstimates, but I think they give you a general sense of where we are. I personally think we are near the end of "early adopters". Maybe the upcoming bubble will be the end. I might have been too conservative about full adoption. According to http://timesofindia.indiatimes.com/tech/tech-news/hardware/Smartphone-user-base-to-hit-1-75bn-in-2014-eMarketer/articleshow/29051185.cms , there are 1.75 billion smartphone users. In some sense, BTC is a comparable technology -- so let's say full adoption is actually 1.75 billion people. If that's the case, the threshold for innovators (forget early adopters, we're talking innovators) is 44 million! With only 2 million users -- holy crap! -- are we still at the beginning of the innovators stage? Anyone? everyone using the software; seeing how the "big" businesses in the btc ecosystem are run; where bitcoin can be used; and has any hint of the potential of this technology and the market size of money markets, sees at which stage of adoption this project is |
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