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Hello, Ripples I hear facilitate transactions, like credit, while settlement takes place.
How many ripples does it take to do anything though. At this moment, there are a lot of speculators in Ripple and it is also tempting to hoard them, but really, what does 30,000 ripples get me? This will help me judge the utility of them, as they are apparently a commodity
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yeah, i will mine litecoin, but for bitcoin i suppose it's gg by then
the bitcoin algorithm can be switched in some scenarios, sha-256 ASIC hashing will congregate to a few select players effectively centralizing bitcoin creation within a few months, switching the algorithm can and will currently alleviate that |
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Chance is increasing with every day for Bitcoin and SHA-256 to become obsolete technologies. Sorry to reveal it to you, but Bitcoin is not the future of cryptocoins.
Well, what's the future of cryptocoins, then? the bitcoin algorithm can be switched the only pushback will be from people that invested too much in Application Specific Integrated Circuits for Sha-256, but it is possible to continue the hashes in another algorithm, difficulty will plummet for a time |
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I wish people would stop pumping this proprietary non-coin trash start-up.
I like the utility behind it People trade it like as a currency, but that is because of its utility, where it has a use besides for trade of itself |
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Thanks! I got it to work, I understand now |
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thanks, I have that list too, but when I type in "bitstamp" on ripple it says "not a valid ripple address or contact" so I don't have the information I need I got dividendrippler's address to work, but they posted their ripple on their main site so it was better |
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where do you get this information, I would like to see live market depth and price history
I login to the XRP/Ripple site Also am only selling at 100 XRP to 1 BTC now I have an account, when I got to www.ripple.com how do I log in??? okay thanks wow this is not intuitive at all, can you guys give me a list/addresses of the some good trusted gateways? I have a small list on a wiki, but no addresses this is the kind of information that needs to be available without having to spend 30 minutes searching google and different forums, if these things want *any* kind of real adoption |
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where do you get this information, I would like to see live market depth and price history
I login to the XRP/Ripple site Also am only selling at 100 XRP to 1 BTC now I have an account, when I got to www.ripple.com how do I log in??? |
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where do you get this information, I would like to see live market depth and price history
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While the protocol cannot be changed, the encryption can be. Any hard fork will recognise old coins as long as they include the old transactions in the blockchain. If they are moved, they must use the new fork. How the new hashes are generated has nothing to do with how the old ones were made.
thanks! |
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The short answer is that a QC cannot crack Bitcoin. One may be able to after Centuries, crack one address. Of course, that presumes that the coins don't move before then. If we ever have a computer that powerful, then cracking Bitcoin will be a very low priority task for such a device.
this thread isn't about quantum computers, there are other reasons that the collective may seek to change the algorithm of bitcoin or any other cryptocurrency. this thread is about implications |
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np,yw  actually this isn't about quantum computers, and the sticky thread didn't help. there are other reasons I can think of to switch algorithms |
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sorry, thanks
edit: actually just because I mentioned quantum computers, this thread isn't about that. this thread is about the implications of switching the algorithm on an existing blockchain
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Hello,
I read that if sha-256 was compromised at some point in the future, or for any other reason, then bitcoin could switch to a different algorithm
can someone detail how exactly that would work, and what the implications to existing blocks would be?
from my understanding, everything is hashed with sha-256, then another algorithm would be incompatible with all previous blocks....
can someone elaborate on this?
if bitcoin, or any cryptocurrency, switched algorithms, what would happen to people's current addresses and the ledger of transactions? In theory it should be very simple for major pools to switch to the new client, as has been done numerous times in cryptocurrency land, but I've never seen it done with a different algorithm.
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Splits are done to bring liquidity to a stock.
Take one look at BTCT.CO , do you really think a split will bring liquidity to this one stock? No, it won't.
It will be just as illiquid and harder to fill an order at a particular price because you will have more shares.
signed: the voice of reason.
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I wanted to ask, what is going on with satoshidice?
are they failing to pay dividends?
are people concerned about the site being slow?
are people concerned about the sudden absence of key personnel from the forums?
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Why does it sounds like JDBIF (jokerdragon) on Cryptostocks.... hmmmm I think the following campaign advertisement will work more effectively for your IPO. Hello, Bitcoiners,
look at Joker, now back to me, now back at your coins, now back to me.
Gladly, you got some coins, but if you stopped investing in others and switch to us,
you could possibly be scammed by me. Look down, back up, where are coins?
You’re on a boat that is sinking under the sea. What’s in your hand, our shares.
I have it, it sounds too good like an HYIP?
Look again, the shares are now worth nothing.
Anything is possible when you can trust some random guys in Bitcoin.
I’m now rich
Yeah, Crypto has JDBIF and Bitfunder has Exchange.ESIF, so only fair BTC.CO gets one (a mainly USD denominated fund run by someone with no history in the community, no evidence that they've every made a profit doing anything, no accounts of any sort provided and zero explanation of how their trading will influence unit price to any significant extent compared to the BTC/USD exchange-rate's impact). Though this one actually seems to have a set price for units (though laughably claims the market will actually set it - as though he actually expects $2.5 million or whatever to be handed to him in a rush allowing him to sell out and remove his price ceiling) - which is more than either of the other two ever managed to date. Okay I was able to look those two funds up. Jokerdragon's seems to have been running for a year, the screenshots on the blog sites are interesting because some people wanted to see something similar from this offering. Exchange.ESIF's thread pretty much has the exact same scrutiny as mine, except all by you. Which reveals to me a better question to ask: Are you actually looking to buy shares of similarly structured securities at all? |
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I am interested. However, I would like to get more data:
1. What part of the profit (if any) will be fed back into the algorithm and what part will be given out as dividends?
2. What happens if btc-e is ddosed/shuts down/your account is hacked?
3. How reliable is your infrastructure? Is it running on a dedicated server/ec2? How is it monitored?
4. I assume most trading activities carry risk. Do you have any risk assessment for the types of trades/positions you will be involved in?
5. Can you provide a time graph of your earnings, preferably superimposed over btc/usd and other relevant ratios (since you said you are also trading other cryptos)
6. Related to 5, which cryptos will you be trading? I assume btc, ltc. Are there more?
7. A screenshot of the algorithm in action/log file/sample transactions might help convincing (if possible).
Sorry for raining questions on you, your effort is appreciated.
1. reserved 2. coins won't sit on the exchanges, only when trading. This the the current way to mitigate what I will call exchange risk 3. reserved 4. I think this is addressed in the original post. 5. reserved 6. BTC, LTC . Evaluations of others based on their liquidity. 7. reserved No info about dividends! No info about infrastructure! No earnings info! No screenshots or proof of any kind! Reserved! they are longer answers, take a breather |
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You act like this forum only has mining securities. No, there's a ton more, and this is one of the shittier ones (like that Joker one).
The downside of a quarterly dividends is that you're able to try to get as much shares sold as possible for 3 months, dump all the shares on the orderbook, and then run away without paying a satoshi.
This isn't "innocent until proven guilty", you need to prove that (i) you can be trusted (ii) you are actually competent at what you do, and actually has a trading algorithm and (iii) that it makes a profit.
I said it was "guilty until senior members stop heckling you" and I wonder, statistically, how effective that has been at preventing scams from happening or preventing the community approved companies from going into receivership. From my casual observation it hasn't and that the senior members are a bigger threat to bitcoin commerce than any of the companies they blacklist. I understand the need to prove trust as well as offer historical data. But this is a chicken and egg problem, for this IPO, so it is more likely I will begin operations with closely held shares and just post the NAV changes weekly. |
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I am interested. However, I would like to get more data:
1. What part of the profit (if any) will be fed back into the algorithm and what part will be given out as dividends?
2. What happens if btc-e is ddosed/shuts down/your account is hacked?
3. How reliable is your infrastructure? Is it running on a dedicated server/ec2? How is it monitored?
4. I assume most trading activities carry risk. Do you have any risk assessment for the types of trades/positions you will be involved in?
5. Can you provide a time graph of your earnings, preferably superimposed over btc/usd and other relevant ratios (since you said you are also trading other cryptos)
6. Related to 5, which cryptos will you be trading? I assume btc, ltc. Are there more?
7. A screenshot of the algorithm in action/log file/sample transactions might help convincing (if possible).
Sorry for raining questions on you, your effort is appreciated.
1. reserved 2. coins won't sit on the exchanges, only when trading. This the the current way to mitigate what I will call exchange risk 3. reserved 4. I think this is addressed in the original post. 5. reserved 6. BTC, LTC . Evaluations of others based on their liquidity. 7. reserved reserved answers are just placeholders for answers longer than 1 line |
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