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they both have their place.
I just used etherium to do a transaction today using a web front end only. I have to say it was easy and fast.
So no complaints here
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is there any light weight ethereum wallet client site or electrum similar as the osx one keeps not working, block chain stalling or something
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One thing about BTC say your country has a natural disaster, invasion, pandemic, bad political situation eg Zimbabwe, your assets are often worthless and hard to get out in any event. Eg good luck selling your property. Cash limits will be slapped on and your currency is likely to be devalued.
Now you could keep say some cash amounts in overseas bank accounts but the hassle, and overheads and it really requires a quite a bit of cash...and then you may not be sure of which country you can get to....
BTC however keeping just a bit that you basically realise anywhere to keep you in food and shelter to weather the worst of it or start agian......its quite a good proposition.
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Dump follows Pump Tissue sales will sore as Newbies buy in bulk  this graph has been discredited by BTC |
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what other coins have reached the $1B mark? ripple? LTC?
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How long should a NEM/XEM transaction take from the lightweight client
Trying one now and it just sort of sits there.
I quit the client and the transaction disappeared.
what is the "due" field for?
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I just posted this in another thread but I felt like repeating it here as it seems apt so ...
Remember what Matthew Mcconaughey's character says in Wolf of Wall Street - the secret is, no one has the slightest clue what is going to happen in the markets. Everyone's basically playing a slot machine and the ones making the real money are the ones who empty the machine's cash box at the end of the day.
With Crypto it's basically this x 1 million. With a few slight differences - it takes a lot less cash to manipulate the average crypto-exchange traded coin than in does a company listed on a stock exchange. So there's a lot more opportunity to be a whale and manipulate the markets for your own ends (plus no regulations to make doing this illegal).
Remember that guy who posted here for ages called Ryan Pumper or something? He was selling people the idea that the market was predictable and moved in predictable patterns. I guess he made a fair bit of money off people here before he left (no idea what actually happened, I didn't follow it that closely but he seemed to be fairly successful at what he was doing).
It only took the most basic research to work out that what he was saying wasn't true - simply look at a handful of lifetime price charts for a few altcoins. You will see there is no repeating pattern or predictability. But it's easy to make money if you can convince people that there is predictability, and that you know how to read it.
I would actually like to hear how that whole Ryan thing worked out, if anyone knows.
nah thats BS the banks (ADI's) get to issue debt a CCR and then bind everyone to pay back more by thier value and getting more loans etc. Shares and stuff are just playing in that pool, a large game of musical chairs for the money supply. |
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what is the current supply curve for eth?
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Does anyone know when a better client is coming out? ah I think 0.51 homestead? is the current 1?
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Etherium is a very slow computer...that can't be turned off....and the state can be inspected anywhere.....
this have benefits for critical application, the ones that large amounts of money depend on
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I know doge went unlimited supply to deal with lost coins and quell the "muh can not have hard cap, economics"
however the hard cap I think is absolutely necessary because humans understand that concept easily as to evaluating the scarcity. It easy. No more.
The slow inflation model is much harder for people to evaluate. They don't feel pressure to invest or get their bit.
>Further btc tech is unique as you can deal with the need for more money supply in a manner that no other system can or has to date. You can simply split the currency into smaller parts everywhere at once. You can't do this with gold, physical notes and much of the legacy current banking system.
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i hate carrying around
keys for car
keys for house glasses,
wallet,
cards management
train card,
change
etc
the more i can get into on device the better...yeah sure single point of failure.....but so much less headache for me at least.
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what I dont get an no one has answered
[1] why so slow in the dev for eth.....all this talent, and huge wad of btc/cash, they went broke and all we got was frontier, which at least they admit is not safe
[2] What has vitalik buterin ever dev'd himself of any note. I have heard plenty about how great he is, but afaik he seems to be the opposite of satoshi. Satoshi was all business little hype, vitalik seems to be long on rhetoric, started a magazine but short on product
I could be wrong, and I support what eth is trying to do....just seeking some views on these points.
i have been asking and searching for the same answers for a while, people just ignore me , scream "FUD!" and "MOON" eth didn't even have a working wallet at launch, (barely still doesn't) 20millions dollars? and really nothing but ideas and hype smart contracts? great, nxt bitshares bithalo, old news i don't think anyone really has the answers, all vitalik does is come and drop more hype every few months inna line or two and leaves ;\ (he used to offer insight and comments but less and less as time goes on ) idk, guess it's one of those step 1; buy eth step 2; hodl eth step 3;  ? step 4; PROFIT things ;p I think eth is set up to do smart contracts really well vs other coins, that is it is made for it. It appears to have 3 clients for frontier so thats good....and I am not FUDing, rather just inquiring. I also acknowledge that eth is not vitalik buterin, it is independent of him. I am interested by those who have spent more time in eth. I disclose I hold some small amount eth....so it would be largely counrter productive for me to FUD |
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one thing btc tech (not necessarily btc itself) i am interested in is how it can compete in the NFC space.
At the moment I am trying my banks app, and I have to say it is pretty good, secure not so much, but I can put in a passowrd, and hold my phone to a check out and its done in 20 seconds or less.
Will this be an of chain solution for btc, or some low value chain like doge that goes fast for smaller amounts and sort of ties back into BTC through a clearing gateway.
I am pretty sure my bank and the pos use a "of chain" solution, that is they pre auth smaller amounts the reconcile a whole bundle of transaction every so often.
I have to say though its pretty good.
So you think zero confirm and larger block size can meet this.
That said I don't care that much about retail pos as that's the small change of financial markerts and money supply. I am interested though as to any views here in the tech section.
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what I dont get an no one has answered
[1] why so slow in the dev for eth.....all this talent, and huge wad of btc/cash, they went broke and all we got was frontier, which at least they admit is not safe
[2] What has vitalik buterin ever dev'd himself of any note. I have heard plenty about how great he is, but afaik he seems to be the opposite of satoshi. Satoshi was all business little hype, vitalik seems to be long on rhetoric, started a magazine but short on product
I could be wrong, and I support what eth is trying to do....just seeking some views on these points.
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by class actually offer something different, yeah only 20 or so
I think competition is always good....one of them is going to win out or 2 or 3, each niche will be filled.
So yeah bring on competition.
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no problem here....we are not running out of "0"'s
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[1] well...no...see money is different to most goods, even if this is wrong
[2] the cost of something can be split from the use cost of something, in terms of money this becomes a little more complex as there is seigniorage, market value and friction cost, both the former and latter are discounted to the...inter.
Eg tools may be really cheap but be very expensive when they are not up to standard so break or stop you doing the job at hand.
Being the reserve currency, USD means its much cheaper to do transactions in USD due to liquidity and so less costs to do business os as a medium of exchange the USD becomes much more valuable.
The more transaction you can stuff into a block, the more valuable it becomes by stint of
[1] sharing the cost over many actors, while accommodating their specific circumstances of recording/facilitating that transaction
[2] creating the ledger state for more actors per block that allows said actors to arrange their decisions around the certainty of the blockchain
Also the block will not get cheaper, but more expensive as more people can be fitted in.
A better product often costs more to buy upfront and saves on maintenance and use.
to a point...and this point is perhaps the real question, not if we need but how much we need. Satoshi, in 2009, 7 years ago was happy with 33MB or so. I see no reason to at least go to 10~20 MB now
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I dont use wallets so much as get private keys. So i would not use a wallet unless I can create in on my own machine and dump my private keys.
I used py.wallet to dump my private keys.
also I test the private key ie import it to a local vm fresh wallet, so ensure that it works. Then I use that address.
The problem with any online wallet, they control the back end, so they can trap you even if they dont hold the private keys.
Eg substitute the sending address you put in for the one they want and you would not know.
You would have to get you private key and plug it into electrum of BTCqt. etc.
This was in fact done by one online wallet some time ago.
It makes it vulnerable to a court order of seizure as they court could direct this be done without warning and silently.
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In some cases, I think these are sometimes to make themselves not a target and avoid taxes later.
imagine you had a bitcoin sticker on you car since 2010 so it looks pretty weathered.....your makeing yourself a target.
look what happened to the Australian guy as soon as they though he had quite a bit of BTC....raided by Oz Feds.
Its good cover to "muh hack", "selling all my btc", only had 10~ 100 left anyway" etc.
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