Bitcoin Forum
May 28, 2024, 04:53:22 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 [39] 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 »
761  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 31, 2018, 07:02:49 AM

Pumps surely more than i do  Grin
762  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2018, 09:38:31 PM
That's what I started to think that there has to be another form factor that would work because form factors are always changing, yet in the USA, BIG is in so there has to be some variations of luxury BIG that will allow for upgrading and bringing the modern electronics into the mix...  ... because a 20 year vehicle starts to have a lot of lackings in terms of modern upgrades and just wear and tear that had already taken place even just from mere passage of time deterioration... there are also lower entry level new cars that offer standard features that would not even have been offered 10 years ago, based on technological automotive improvements



https://www.rubitrux.com/2017-dodge-ram-2500-maroon-587301.html

Nice color Grin

I like the color, too.  Kind of afraid to get it muddy because the paint job looks so nice, which "getting muddy" seems to be a reason for the built-in winch.  

What is the honeycomb elongated rectangle thing above the winch?  Is that a LED fog/runner lights unit? or something else?

That's just for awaking awerness  Grin Smiley
763  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 30, 2018, 09:04:32 PM

Overall I think they are pessimistic. in 10 years all cryptomarket marketcap only 3.5T. But they are extremely optimistic about Monero Not that I mind but still.  $750 billions of Monero marketcap in 10 years time. Hmmm

I think they are understating the case, but what i find interesting is this -->


Privacy Policy / Terms of Use

The Satis Group LLC is affiliated as d/b/a with Corinthian Partners LLC (Member FINRA and SIPC), an asset management investment bank and broker dealer founded in 1996 by Richard Calabrese and Mitchell Manoff, formerly of Lehman Brothers.
© 2017-2018 Satis Group. All rights reserved.


They see value of crypto mainly in crypto money so is logical that their back grounding is from banking.   Some figures are strange. They summed Monero marketcap wrong or they made mistake at price. I would not be surprised if they made so big mistake that actuall Monero prices are x10 times lower.

Yeeeaaahh, well, what i personally find very interesting in the report, is the privacy factor they are taking into account!

---quote---
The largest upside we see in the entire cryptoasset market is in the Privacy sector. Although Privacy networks are newer entrants,we believe the network effects seen from the likes of BTC earlier on will be repeated within dominant coins here. Not only do these coins  target  the  same  large  and  lower  velocity  store  of  value  market as BTC  and  Currencies,  they present  a much  deeper  value proposition within those markets. As we stated above, the largest drivers of adoption within these networks will be continued pressure from capital controls, currency devaluation, and broader global turmoil. The use cases within the Privacy markets are incredibly sticky and feed on adoption, especially when regulators and law enforcement are making efforts to increase forensic penetration into public networks like BTC. Privacy networks do lack liquidity when compared to more commonly used Currencies, but they excel in and push the extremes of each use case within Currency networks.  Recently, we have already seen early signs of adoption by some of these cryptoassets; ransoms being posted to large corporations where even BTC could be tracked and was not the preferred method, money laundering, and asset shielding. Looking into the space, we believe the use cases that target the largest endmarkets will primarily use XMR (~60%) and ZEC (~20%). Despite developers and executives associated with these projects declining to comment upon illegal use (to avoid legal ramifications), the largest opportunity within the Privacy networks will be unlawful activities. Considering the nature of the use cases,  the Privacy market user  base will  most  likely  rely on networks  that  have  more  active  codebase  development, more resistance to centralized control (possibly through mining), a growing ecosystem, and growing user base. Not only is XMR far more active in codebase development (prior report,pg. 20) and resistant to centralized mining efforts, it is fungible. While ZEC has an easier time being traded in regulated markets (since it has privacy features by request, not by default), we believe this will be a setback to adoption by darker markets, which prefer networks that are fungible (where  more addresses use privacy than those which do not, making it more difficult to track down/blacklist tainted addresses). Only ~5% of the ZEC network uses “shielded” (or private) addresses currently, with the rest of the addresses being used for transactions functionally and technically no different than BTC.
---unquote---
764  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: August 30, 2018, 08:47:52 PM
Gibt es eine maximale Zeit, wie oft die Katze abprallt? Nach wievielen Abprallern bleibt sie liegen?

Das kommt bestimmt wie im echten Leben (toller Vergleich) auf die Höhe an, aus der die Katze in die Tiefe fällt.
Aber eigentlich, fällt sie doch schon beim ersten Mal bis auf den Boden. Wovon prallt sie denn sonst ab?  Huh Grin

Motorhaube, Reifen, Helm, Schuh, Vordach, Müllkübel, usw usw usw  Grin
765  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 30, 2018, 06:50:47 PM

Overall I think they are pessimistic. in 10 years all cryptomarket marketcap only 3.5T. But they are extremely optimistic about Monero Not that I mind but still.  $750 billions of Monero marketcap in 10 years time. Hmmm

I think they are understating the case, but what i find interesting is this -->


Privacy Policy / Terms of Use

The Satis Group LLC is affiliated as d/b/a with Corinthian Partners LLC (Member FINRA and SIPC), an asset management investment bank and broker dealer founded in 1996 by Richard Calabrese and Mitchell Manoff, formerly of Lehman Brothers.
© 2017-2018 Satis Group. All rights reserved.
766  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela on: August 30, 2018, 06:48:11 PM
Cryptoviagra became famous. They even speak of him as the only recognized person who bought Petros.

-------

SPECIAL REPORT-Petro, the cryptocurrency of Venezuela that is nowhere to be found
By Brian Ellsworth


ATAPIRIRE, Venezuela (Reuters) - When one listens to the leftist president of Venezuela, Nicolás Maduro, this remote village of 1,300 souls seems to be at the forefront of innovation in cryptocurrencies.

Image of a non-operational oil extraction well near Atapirire, Venezuela. May 10, 2018. REUTERS / William Urdaneta
Located in an isolated savannah in the center of the country, Atapirire is the only city in an area that according to the Government is overflowing with 5,000 million barrels of oil.

Venezuela says that these reserves are the backing of a digital currency called "petro", which Maduro launched in February. This month he assured that it will be the cornerstone of a recovery plan for this nation submerged in the crisis.

However, residents of Atapirire say they have not seen any government effort to take advantage of those reserves. And they have little confidence that their impoverished people will have a front row seat for a revolution in finance.

"That petro here does not feel," said Igdalia Díaz, a housewife, as she began a tirade about the ruined school in her town, the roads in disrepair, the frequent blackouts and the perpetual hunger that plagues her countrymen.

The truth is that the petro is difficult to detect almost anywhere.

Over a period of four months, Reuters spoke with a dozen experts in cryptocurrencies and oilfield valuation, traveled to the site of oil reserves cited by the government and reviewed the digital transaction records to learn more about the cryptocurrency.

The search yielded very little evidence of a prosperous petro trade. The currency is not sold in any important place of exchange of cryptocurrencies. There are no shops that accept it.

The few buyers Reuters was able to locate were those who published their experiences in online cryptocurrency forums. None wanted to identify. One complained about being "swindled". Another told Reuters that he had received his petros without problems; He blamed the US sanctions against Venezuela and the "terrible press coverage" for damaging the debut of the Venezuelan cryptocurrency.

Senior government officials have given contradictory statements. Maduro says that petros sales have already raised $ 3.3 billion and that the currency is being used to pay for imports.

But Hugbel Roa, a cabinet minister involved in the project, told Reuters on August 24 that the technology behind the coin is still under development and that "no one has been able to make use of the petro (...) nor has it been received. the resource".

Even the Superintendent of Cryptoactives, the government agency that oversees the petro, is a mystery. Reuters recently visited the Ministry of Finance, where the Superintendency is supposed to be located, but a receptionist informed him that "he still does not have a physical presence here."

The website of the Superintendency is not working. Its president, Joselit Ramírez, did not respond to the messages in his personal social network accounts. The Ministry of Industry and National Production, which oversees the agency, did not answer calls and the Ministry of Information did not respond to requests for comments.

Maduro added further confusion by announcing this month that salaries, pensions and the exchange rate of Venezuela's decimated currency, the bolivar, would now be linked to the petro. That movement generated confusion in the streets of Venezuela and among economists and experts in cryptocurrencies, who say it is unfeasible to anchor the currency to the petro.

"There is no way to link prices or exchange rates to a 'token' that is not marketed, precisely because there is no way to know how much it actually sells," said Alejandro Machado, a Venezuelan computer engineer and chain advisor. that has closely followed the petro.

The chaos reflects the desperation and disorganization that seems to be trapping Maduro's government as Venezuela crumbles.

It was assumed that oil would help his administration to weather the hyperinflation that has made the bolivar worthless. He promised that a cryptocurrency, which allows financial operations to be carried out anonymously, would allow Venezuela to evade the financial sanctions of the United States and collect foreign currency to pay for imports of much-needed food and medicine.

The government set the value of the petroleum at the price of a barrel of Venezuelan oil - currently around $ 66 - and promised to back it with oil reserves located in a 380-square-kilometer area around Atapirire. The president of the United States, Donald Trump, in March prohibited Americans from buying or using petro.

However, the digital records associated with the "token" do not provide enough information to determine how much was actually collected, according to experts, who are skeptical about Maduro's claims that the oil has already brought billions of foreign currency into the country.

As they claim, digital records associated with the initial offer of currencies, or ICO, do not provide enough information to determine how much has actually been collected, if there has been any income.

"This certainly does not look like a typical ICO, given the low level of transaction activity," said Tom Robinson, data director and co-founder of Elliptic, a block-chain data company based in London. "We have not found evidence that someone has been issued a petro, or that it is actively negotiated," he said.

A visit by Reuters to the area around Atapirire showed little activity in the oil industry. The only visible equipment were small and aging machines installed years ago. Several were abandoned and were covered by brush.

In an opinion piece published on August 19 in Aporrea, a website of Venezuelan comments and analysis, the former Minister of Petroleum, Rafael Ramírez, estimated that it would take 20,000 million dollars in investments to exploit Atapirire, money that the state oil company Venezuelan PDVSA does not have.

"An arbitrary value is fixed, which only exists in the imagination of the government, to the petro," wrote Ramírez, who oversaw the Venezuelan oil industry for a decade under the government of the late President Hugo Chávez.

Ramírez is now in exile, in an undisclosed location after being accused of corruption by the Venezuelan government, a complaint he denies.

PDVSA did not respond to an email seeking comment.

"WE HAVE BEEN SCAMED"
Unlike buyers of well-known cryptocurrencies such as Bitcoin or Ethereum, petros holders are hard to find.

A site to locate them can be an online cryptocurrency forum called Bitcointalk, where petros buyers started posting messages early in 2018.

In some messages, several complained about the lack of information and the delays in obtaining their coins. One said that he could not transfer or sell the "tokens".

"So far, we have been swindled, time will tell whether it was a good investment or not," wrote an investor named cryptoviagra on June 25.

Another investor, the only one who answered Reuters' questions, said through social media messages that his experience with the purchase of petros "worked quite well in general."

He blamed Washington's ban for depressing petro sales, along with what he considered a negative media coverage. He asked that his name be hidden because he feared "persecution" by the US government and added that "I do not consider Reuters an honest news organization."

Reuters could not confirm independently whether the forum participants had invested in the petro.

Cryptocurrencies gained popularity in the last decade, led by activists who said they reduce the costs of financial transactions, give commercial banks alternatives to citizens and protect them from inflation induced by central bank policies.

The transactions are validated by a network of computers and registered in an accounting book called a blockchain.

Individual operations are available for anyone to see on the internet, but the identities of those involved are kept secret. The operations are protected by cryptography or the coding and decoding of computerized data.

The fever of purchases of cryptoactives in 2017 brought the price of Bitcoin to almost $ 20,000. Its success fueled a wave of currency offers from other companies, including scams that raised millions of dollars before being dissolved by the authorities.

Cryptocurrency issuers seeking transparency in fundraising use the block chain's accounting books to show each individual purchase of the new currency.

That gives potential investors an idea of ​​how much money is flowing and provides a relative indicator of demand. On the other hand, the Venezuelan government does not provide a purchase registry.

The so-called "white paper" of the petro, the name given to the public document that describes the conditions of the offer for potential buyers, says that the main platform for the currency is NEM, a decentralized "blockchain" network promoted by an organization without for profit based in Singapore.

The owners of NEM accounts are anonymous, but they can reveal their identities in the description of their currencies if they wish.

In March, a NEM account claiming to be operated by the Venezuelan government issued 82.4 million "tokens" as part of an ICO associated with a digital currency described as the petro. Those seemed to correspond to a set of "preliminary" currencies described in the white paper that buyers could then exchange for petros when the ICO is completed.

About 2,300 of those "tokens" were transferred to 200 anonymous accounts in small quantities in early May, NEM records show.

That lapse is consistent with comments posted by participants in the Bitcointalk forum who said they were buying petros.

If they were sold at the price set by Maduro based on oil prices at that time, the sale of those "tokens" would have raised around $ 150,000, according to Reuters calculations.

In April, another anonymous NEM account issued a different set of "tokens" that it described as part of a separate phase of the petro targeting major investors. That account transferred in June around 13 million tokens to a dozen anonymous accounts, according to the NEM records.

This sale would have raised around 850 million dollars at official prices. But there is no way to verify that those were sales, and no large investor has admitted taking a position in the petro.

Roa, the Minister of University Education, Science and Technology, oversees a state agency called Blockchain Observatory of Venezuela and seemed to validate the analysts' suspicions that the petro, at present, does not exist as a functional currency.

Reuters spoke briefly with him on the margins of an event in Caracas last week. Roa described NEM transactions as "early models" and added that Venezuela was now working on its own blockchain technology. He said buyers have made "reservations" to buy petros, but no coins have been released.

What is clear is that petro is not freely traded in any major exchange of cryptocurrencies.

Bitfinex, based in Hong Kong, one of the largest exchange sites in the world by volume, said in March that it never proposed to offer petros due to its "limited utility" and officially banned it on its platform after US sanctions. .

Three other prominent exchange sites -Coinbase, based in San Francisco; Bittrex, in Seattle; and Kraken, in San Francisco-declined to comment or did not answer questions about why they did not include the petro.

Maduro announced on April 26 that 16 exchange houses had been authorized to trade with the petro. Most are little known in the world of cryptography.

Reuters could not locate seven of the exchanges, without internet presence. Seven others did not respond to requests for comment. Italcambio, a Venezuelan exchange house that Maduro said would negotiate with the currency, does not trade or sell petros, said its president, Carlos Dorado, in an email in response to a Reuters consultation.

The only exchange that has publicly discussed plans to include petro is Coinsecure, from India.

In an interview with Reuters earlier this month, general manager Mohit Kalra said Coinsecure would provide an exchange to Venezuela in two months to operate petros, along with the technology to operate it, and that Venezuela would pay royalties for its use.

Kalra did not answer the calls for additional information.

"WHAT IS A PETRO?"

Oil is the heart of Venezuela's economy. By opting to support its petroleum with oil, the country joined a small but growing number of cryptocurrency issuers that link the value of their "tokens" to physical raw materials.

The Royal Mint, which produces coins for the United Kingdom, announced in 2017 a digital currency backed by gold called RMG. In addition, other "tokens" backed by diamonds have emerged.

The big difference is that cryptocurrencies are linked to physical assets that can be easily exchanged. On the contrary, Maduro has promised that the petro will be backed by oil reserves that are still underground near Atapirire, in a block known as Ayacucho I.

The government said the field contains 5,300 million barrels, citing data from "an independent international certification agency." PDVSA did not answer emails looking for details.

No matter how much oil it contains, the area lacks the infrastructure to extract it, including roads, pipelines and power generation, said Francisco Monaldi, a Venezuelan who now teaches Latin American energy policy at Rice University in Houston.

"There is no investment plan for this area and there is no reason to think it would develop before other fields with better conditions," he said.

Only locating the block requires significant effort. PDVSA employees who agreed to take a journalist there confused him with another block and Reuters had to map Ayacucho I with GPS software using the coordinates published by the government as part of the creation of the petro.

Meanwhile in Atapirire, residents say they have been forgotten. A fish farm that used to provide employment is now abandoned. The clinic in the city has no doctor or ambulance in operation.

Many spend hours waiting along the dusty road for buses made in China that serve as the only public transport to El Tigre, a major oil hub located 60 kilometers north of Atapirire.

Teacher Rosa Álvarez, 30, said that about half of the first-grade children she teaches stopped going to class because they are hungry and the public school no longer offers state-subsidized lunches. He added that government officials have ignored his complaints.

But in May, the Ministry of Education established a new mandate: to teach students the virtues of the new Venezuelan cryptocurrency.

Standing in front of a blackboard earlier this year, while her students laughed and chatted, Álvarez said she was puzzled. "How am I going to explain that if nobody tells me what a petro is?" He said. "How do you buy a petro? With what?".


Let's see what is comming  Wink
767  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2018, 06:39:42 PM
Satis Group research notes:


What is a Satis group and do you have any direct link?


I saw now. Well that whole crypto will be worth only 3.6B in 10 years is hard to believe to me.  And not that I mind, but they are extremely shilling Monero.  

https://research.bloomberg.com/pub/res/d37g1yWebn9LbRbS09rquSuSoDQ

https://satisgroup.io/

Ps.: I don't mind the "shilling" on Monero, look at the performance in the past days  Grin
768  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2018, 06:22:09 PM
Satis Research: Upside (5 Year) in BTC ($96,000), XMR ($18,000), and DCR ($535); Downside in BCH ($268)

https://www.cryptoglobe.com/latest/2018/08/satis-research-upside-5-year-in-btc-96000-xmr-18000-and-dcr-535-downside-in-bch-268/


769  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 30, 2018, 06:18:21 PM

Nice one thank you, even the uptrend is slightly argumented  Grin
770  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2018, 05:13:20 PM
If i just would understand the deaper sense of football, i would like even like it, i think, maybe  Grin Smiley
771  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2018, 03:57:14 PM
congrats LFC_BTC
Maybe go out and celebrate? Not just a normal mundane day like those writery folks



I have made similar plans for Saturday after I come back from the game (if you get me Wink) - Leicester vs Liverpool.
Been away to Leicester a few times, it’s a shit hole, they’re famous for good curries in the area though Cheesy

What's the name of the guy with his bass guitar and instead of Chivas and Heineken just drunk whiskey and Cola  Tongue Roll Eyes Shocked Grin
772  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: August 30, 2018, 03:48:46 PM
Der Dogenbaron von Silk Road wurde vor 4 Jahren vom fbi dingfest gemacht. Es wäre auch möglich das die Wallet in staatlichen händen ist. Entweder hat er einen Deal gemacht, oder den usa ist es nun nach 4 jahren gelungen sein passwort zu entschlüsseln.  Grin

What goes up, must come down  Roll Eyes Shocked Wink
773  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2018, 03:46:47 PM
My 10,000th post & where better to make it than my favourite thread, the WO.

Been here 4 years, bitcoin is possibly the best thing that ever happened to me (aside from meeting the ball & chain I suppose).

Most of my coins were bought at around $400 & I never dreamed the price would go this high but there is so much more room for upwards price movement. We will seriously moon one day & I hope you’re all still around this thread to share it with me.

I’ve made some friends (not met any yet) here & hopefully we all get that private OG party one day so gentlemen here’s to good health, vast wealth in the future ($50,000 per coin) & prosperity.

I raise a glass to you as mic would say, my fellow COINERS



Wow, it's cool. Congratulations

Congrats  Grin Smiley
774  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela on: August 30, 2018, 03:12:29 PM
The project frankly looks like a fraud at the state level and has nothing to do with the crypto industry. Fully centralized network with total government control. Of course, tokens are not backed by any oil.

I wouldn't tend to be so quick in your comment about this. Let it grow, have a cup of tea and then judge again  Roll Eyes
775  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: August 30, 2018, 02:14:03 PM

Das ist Drogengeld, das wird nicht schnell gehen. Muss ja erst "gewaschen" werden. Denke mal diese Bewegungen sind erst einmal die Geldwäsche.
Der Sticky https://www.reddit.com/r/Bitcoin/comments/99w2on/mtgox_civil_rehabilitation_claims_now_open/ hat die wohl aufgeweckt. Schätze bevor die MtGox Bitcoins überhaupt gedumpt werden können sind die Drogenhändler noch vor denen am dumpen.
Vielleicht kann man den Drogenbaronen ja Tether andrehen dafür.


Oder was richtig anonymes wie Z-cash Grin
776  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 30, 2018, 02:11:20 PM
So Tari is basically trying to implement smart contracts on Monero?

Are Monero and Tari devs working together? How come projects like this are separate from the core Monero development (I can see Kovri also represent itself as a separate project)? I don't have any experience in programming/developing so I don't know how things are going but wouldn't it be easier to have all "under one roof"? Or is it totally different thing and then they just have to merge it with the help of core developers into Monero?

Quote
Who are the investors behind Tari?
The Tari Labs organization is very honored to be supported by Redpoint, Trinity Ventures, Canaan Partners, Blockchain Capital, Pantera, Slow Ventures, Aspect Ventures, Vy Capital, Bee Partners, Sora Ventures, Macro Ventures, Draft Ventures, Base Ventures, and more. Thank you to everyone who is supporting us on this journey.
Howcome they need investors for project like this? Couldn't they do it with public fundraising here: https://forum.getmonero.org/9/work-in-progress. And is there a chance that a "side-project" like this would intentionally put some bug or vulnerability in the code and exploit it later on?

No it wouldn't, doing one thing and doing it better than anyone else is the core strategy of most successful projects throughout history. Using those projects as frameworks for additional functionality is the correct way to progress. Shitcoins throw everything they can into the soup to hide the fact they do NOTHING better than anything else.

That is what Monero is about Grin
777  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2018, 02:06:35 PM
Every book educates your mind, either positively in a manner that you think "Ooh, wow, didn't know that, learned something new!" or "Well that is bullshit, read a book which told me the opposite.." but also latter one is educating you  Roll Eyes Cool Grin

*Doing* something teaches you far more than most books ever could.

Exactly, but you need a trigger Grin
778  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2018, 09:49:00 AM


I've read only four.



Here's what I think of your books.


Do you have educational problems if you don't like books ...

I don't think he doesn't like books. He doesn't like these books and he is not alone. Personal development books usually suck and teach you nothing. They make you poor and stupid. Only the writer makes money by selling you nothing.

Look at this title:

"7 habits of highly effective people"

This title screams "S C A M". What the fuck would you possibly want to know about highly effective/intelligent/successful people? They study and work like there is no tomorrow. They set a target and do everything to get there. They don't fucking waste time on this shitty book that's for sure.

I would rather read this instead:

https://mitpress.mit.edu/books/introduction-algorithms-third-edition




Every book educates your mind, either positively in a manner that you think "Ooh, wow, didn't know that, learned something new!" or "Well that is bullshit, read a book which told me the opposite.." but also latter one is educating you  Roll Eyes Cool Grin
779  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: August 30, 2018, 09:45:48 AM
Jap und die Stimmung im Forum ist für mich auch ein Indikator für die Richtung des Kurses, es schaut wirklich sehr nice aus, das Datum mit Ende August passt eigentlich auch  Grin



Gibt es eine maximale Zeit, wie oft die Katze abprallt? Nach wievielen Abprallern bleibt sie liegen?

Katzen haben bekanntlich neun Leben.

Auch da müsste BTC schon 24 millionen mal gestorben sein  Grin Wink
780  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela on: August 30, 2018, 08:56:17 AM
What can we learn about Petro?

OPINION

By Juan F. Bolaños  On Jul 10, 2018

The Petro (PTR), the cryptocurrency launched by the Venezuelan government, arose from the idea of ​​former President Hugo Chávez Frías to create a strong currency backed by raw materials. The dream of the non-aligned countries (MPNA) whose president pro tempore is Nicolás Maduro, has been to have an international currency that directly competes with the US dollar with the aim of balancing the global economic hegemony that the United States has.

What is Petro?
Paraphrasing the introduction of the white paper -white paper- by Petro, he says that the chain of blocks allows the transfer of information and value without the participation of intermediaries, making possible the development of financial platforms that are transparent, efficient and non-discriminatory.

The Petro is a sovereign cryptocurrency backed by oil assets and issued by the Venezuelan State as a spearhead for the development of an independent digital economy, transparent and open to the direct participation of citizens. It will also serve as a platform for the growth of a fairer financial system that contributes to development, autonomy and trade among emerging economies.

The Petro will have the ability to overcome blockages, delays and limitations of the traditional financial system , favoring the growth of a new economic ecosystem based on trust, integrity, transparency, efficiency and speed that guarantees the technology of block chains.

Value backed by oil
According to the same white paper, Petro will back on the future price of crude oil extracted from reserves not yet exploited - Venezuela is the country with the largest oil reserves in the world - and will enjoy the status of legal tender for the country. payment of taxes, fees and other obligations to the Venezuelan treasury.

In other words, the value of Petro is tied to the willingness of the Venezuelan government to pay its creditors.
Given the history of irresponsibility in financial management and economic decision-making, there is no certainty that the Venezuelan government will honor its commitments.

We do not know with certainty if one day these oil reserves will be exploited in view of the large investment required to start producing these fields. The scenario could be compared with the hypothetical case that on Mars are discovered huge gold reserves that could not be exploited due to its high extraction cost. Likewise, Venezuelan oil production has been decreasing consistently since Chavismo came to power 20 years ago.

The nature of the block chain
I feel the need to repeat something I wrote earlier in the article The nature of the chain of blocks, taking into account that, in order to understand Petro's nonsense, it is necessary to first know what a chain of blocks is, the same as it must strictly comply -from the point of view of the purists, among which I include myself- with the following attributes. A blockchain must be:

- Open
- Without Borders
- Transnational
- Neutral
- Resistant to censorship

Open
The software that gives life to the chain of blocks is open source, therefore, nobody must pay licenses or royalties or ask permission to use and improve it. In the same way, any individual can participate in the network by downloading a partial or total copy of the block chain and acting according to the previously established consensus rules.

Without Borders
It is no longer about nation states as intermediaries of trust, it is a "redcentric" trust -according to the term coined by Andreas Antonopoulos, author and guru of Bitcoin and blockchain-, that is, based on computing, on software code , in the accuracy of mathematics. Without intermediaries, the network is the trusted part per se.

Transnational
The network works distributed in different geographical locations around the world in nodes that run an exact replica of the chain of blocks, thus preserving, the same state unanimously, the same truth that can not be modified arbitrarily by any of the nodes without there being a generalized consensus.

Neutral
It does not serve the purposes of any State, organization or institution. Each member of the network - called a node - follows the rules of consensus neutrally and, if not followed, is simply expelled. It does not matter who is the sender or receiver of the transaction, nor the value or the data that is being transmitted. In other words, it is a non-discriminatory network.

For a system to be open, without borders, transnational and neutral, it must defend these characteristics of any actor that intends to censor, freeze, modify, revoke and restrict transactions, or prevent the participation of users or countries.



Does Petro meet any of the characteristics mentioned above?

The answer can easily be inferred by the reader.

The value of the Petro is zero
From my point of view, the value is zero Petro considering that is backed by natural resources -even without explotar- of Venezuela, which means that the value you have this cryptocurrency absolutely depends on confidence in the Venezuelan government the which historically has given clear signs of uncertainty and of not honestly fulfilling its creditors.

Who trusts the Venezuelan government?
A cryptocurrency in the hands of a totalitarian and corrupt government is a perverse tool of social control. The government would have the ability to track and confiscate the funds with a "click", an attribution that could be used to persecute and extort opponents and dissidents.

The reaction of both the media and the investors, in general, has been negative for two main reasons:

His white paper demonstrates a lack of knowledge of blockchain technology. It is not entirely clear in which chain of blocks Petro will operate, whether in Ethereum or in NEM, among other confusing technical aspects.
The Venezuelan government has not fully complied with the economic obligations acquired with its creditors.
On the other hand, I believe that the fundamental and real reason why the Venezuelan government has launched such a crazy adventure is its urgent need to overcome the international credit blockade to which it is subject. In order to cover its excessive public spending, the government requires liquidity - which it does not have - despite having abused the issuance of bolivars to cover its fiscal deficit. The direct consequence of this uncontrolled monetary issue is hyperinflation and the aggressive loss of the purchasing power of its population.

Would you entrust your money to a government that has shown total irresponsibility and negligence in the administration of public resources?
For some years now, Venezuela has been going through a deep economic, humanitarian, political and institutional crisis that has forced more than four million Venezuelans to flee their country in search of a better future.


https://www.academiablockchain.com/2018/07/10/que-podemos-aprender-sobre-el-petro/

Let's see how this evolves, but i like the idea  Grin


Wait seated

I will indeed Grin
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 [39] 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!