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1  Alternate cryptocurrencies / Mining (Altcoins) / Re: Best and easiest coins to mine in 2020 on: January 22, 2020, 12:28:14 AM
I'm building a solar array of 1.5 MW and would like to mine cryptocurrency with the electricity I generate. What are the best miners to buy and the best coins to mine in 2020? And why are they the best?

Although it may sound like it, it's not exactly ecology-friendly. Cheesy But I wish you luck anyway!
2  Bitcoin / Development & Technical Discussion / Re: Why don't we have bitcoin smart contract? on: December 04, 2019, 02:41:50 AM
I remember there was one more language (besides Solidity and Bitcoin script) for writing Bitcoin smart contracts. They often referred to it when Solidity came. Can't for the life of me recall the name or even find it anywhere but it was some sort of 3-letter acronym. Does anyone know?
3  Bitcoin / Project Development / Re: How do you come up with business ideas in crypto space? on: December 04, 2019, 01:27:42 AM
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Well, no problem man cause in any way no one will share their business idea so feel free to discuss with things that are already around.
But I would say, new business idea comes from a lot of researches and thinking, to create something new. There are a lot of songs and musics, yeah? But people still create amazing and unique ones, it doesn't depend fully on you but on your brain and creativity too. Some people have ideas - others have money, unite of them brings us great projects.
Exploring new opportunities in crypto world hugely depends on the country where you live, otherwise, doing international business is very hard.

What would you say is the main reason that it's harder to do international business than a local one (speaking of digital business era)?
4  Bitcoin / Bitcoin Discussion / Re: Enforcing government regulations on: December 04, 2019, 01:19:47 AM
Exactly. In fact, most governments are concerned about the misuse of cryptocurrency for illegal activities, thereby limiting their mobility. However, if the government is in line with the cryptocurrency scheme without interfering too deeply in the case you explained, then that is no problem.

Especially if people really want proper use of cryptocurrency, abiding government regulation is a good thing to consider. It doesn't mean that since bitcoin or other crypto is providing us freedom in our financial assets, we will not abide the government. Let us help them do their part in maintaining good governance. Blocking illegal sites that will promote misuse of cryptocurrency should be supported thinking that it is for us not for them in the first place.

I agree. There are some regulations that are good, amongst others.
5  Bitcoin / Project Development / Re: How do you come up with business ideas in crypto space? on: December 02, 2019, 11:42:21 PM
So you need an idea on how to come up with an idea? For most people, it's either intuitive or from experience. The idea is not everything, you can't be a professional footballer and have an idea to design a car like Tesla. I look at the existing projects, find their shortcomings and figure out ways to fix them. Or use the existing crypto services and think about how the experience can be made simpler. For instance, I want to create a payment gateway that is way better than BitPay and doesn't ask for KYC.

From my experience these are exactly the things that doesn't really work. If you run a business in established market, you'll most likely fail regardless of whether the competition sucks or not, they were first. That's the most important thing. The only reliable business is to be first to provide some service or sell some product. The problem with a new idea evaluation is that you never know the reason why it doesn't already exist. Is it because it's a genius idea and only you can provide it, or is it because there's no demant for it.
6  Bitcoin / Bitcoin Discussion / Re: Enforcing government regulations on: December 02, 2019, 11:12:44 PM
Restriction and prohibition is the main weapon of any government. Bitcoin can not circumvent that, in everything else the coin is still unregulated because it is a decentralized asset

The real question is why any government needs a weapon against its own citizens.
I think you have to open your eyes and think broadly about of your question because the answer that you were looking is in front of your eyes. A little common sense and it will sink everything into your brain.

The government can do/make any regulations regarding of the needs and security of their people. And if Bitcoin will become a threat to them due to its decentralized attribute they may follow the steps of other countries for banning Bitcoin and cryptocurrency.

No, they won't fight Bitcoin and cryptocurrency when it becomes a threat. They will fight it when it becomes personally beneficial for them to do so (regardless of it being a threat or not). That's the problem.
7  Bitcoin / Bitcoin Discussion / Re: Enforcing government regulations on: December 02, 2019, 09:57:28 PM
Restriction and prohibition is the main weapon of any government. Bitcoin can not circumvent that, in everything else the coin is still unregulated because it is a decentralized asset

The real question is why any government needs a weapon against its own citizens.
8  Bitcoin / Bitcoin Discussion / Re: Enforcing government regulations on: December 02, 2019, 09:23:42 PM


The nature of BTC still is decentralize, it hasn't changed but then we are now regulated because of the illegal use of cryptocurrencies. You can't expect the government no to intervene because if its not going to be controlled, more will probably scammed. We saw these happened when in 2017 and were just jumping out after the bullrun.

P2P still offers decentralization and some coins are pretty much unregulated still. If you are onto that, you should move on into those privacy coins.

I agree, but the problem with government regulation in general is that they don't have to answer to anyone. Some amount of regulation is generally good but who draws the line? The people who benefit from it. Banks. All kinds of institutions connected to governments. And these institutions don't want regulations to be good for people, they want regulations to be good for themselves. But this is no secret, everyone knows how these things work. That's why someone tried to create technology layer to prevent it. But technology alone can't do this. I guess our only option is to educate people. Because so far people don't care what the government is doing as long as they have enough to bring the food on the table.
9  Bitcoin / Project Development / Re: How do you come up with business ideas in crypto space? on: December 02, 2019, 09:11:08 PM
I think you need more than just the idea to get the people's attention in the forum. You need a code behind that idea. That's why we see a lot of ICOs and businesses like that because that idea has a backend and a code with it.

People who only comes with the idea and without money to hire employers always end with the idea in the clouds. But those who have the idea and money to launch the project are the ones who end in success.

What about people with ideas and strong programming backgrounds (but not exactly having that kind of money)?
10  Other / New forum software / Re: Progress? We're waiting... on: December 02, 2019, 05:27:05 PM
The choice may have been different if we were to start the project now. But I believe that interfaces are what matters. Also, we kind of didn't have a choice on the frontend. If you would like to see, our migration layer and database schema design is written in Elixir and Ecto. As for JS, there are definitely shortcomings but performance-wise, Node is good enough on the server side for the time being.

Do you have any specific questions?

Just out of curiosity, what would probably be your first choice if you were to start the project now? Would it be Go, Java, something else, ...?
11  Bitcoin / Bitcoin Discussion / Re: Enforcing government regulations on: December 02, 2019, 04:54:54 PM
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i don't know what scale you use when you say "enormously expensive" but it sounds like you have never bothered trying to run a bitcoin node before you make this statement. of course you aren't downloading a tiny app like a music player that takes up 20 MB!! but the cost is by no means "enormous". not to mention that there are a lot of different options to reduce the resources it needs such as limiting upload rate, connection count, storage space,...

I was about to say that and looked for a similar comment.
I guess OP wanted to say mine Bitcoin not run a node, because running a node is pretty cheap. For most people a 1TB drive is very affordable and that + any computer, even an outdated one is enough to run a node. You can even buy an old laptop for $100 and run a node on it.

What I meant was that for ordinary people wanting to use Bitcoin as a payment instrument, the $100 laptop seems overly expensive. You wouldn't pay $100 just to have your payment card working. Or maybe you would - depends on the part of the world you live in.
(I myself run several nodes, two of them are full nodes, one of them serves as a backend for LN node. But that's not how majority of people would use Bitcoin, so..)

What governments can make expensive is mining as increasing the cost of power can make it impossible to mine in a given country. That does make BItcoin dependant on the government. You can't effectively ban it but you can ban mining and you can ban fiat trading.

That's another possible attack vector from governments. I would say they have a lot of options now.


You all are right, Bitcoin didn't literally promise anything. But we all had the same expectations, hadn't we?
12  Bitcoin / Bitcoin Discussion / Enforcing government regulations on: December 02, 2019, 01:06:04 AM
Governments can issue regulations as they please. No doubt about it.
The promise of Bitcoin was to leave governments unable to enforce any kind of regulations using technology and decentralization.
The problem with that promise is that it is enormously expensive for consumers to run Bitcoin nodes. Therefore everyone uses third parties, there's not that many of them and there's absolutely no way for them to stay resistent to regulations.

So as I see it, there was a time when governments couldn't enforce their regulations to decentralized currency. Now they can.

What do you think? Is the Bitcoin promise broken?
13  Bitcoin / Project Development / Re: Bitcoin gambling on: December 02, 2019, 12:22:28 AM
I was thinking of hacking together an on-chain Bitcoin gambling game. It would be very similar to SatoshiDice (https://www.satoshidice.com/), except use Bitcoin instead of BCH. It would use the same provably fair scheme (Server seed hash is published on chain, then revealed ~3 days later). I think it would be cool if there was no website and it operated entirely on chain. You could send to one of 10 addresses at any time, each address corresponds to the odds you want to play.

Do you like the idea? Open to comments or suggestions.

There is a lot of games like this already implemented on Ethereum and other networks. The mechanism is called smart contracts and can be programmed with Solidity language (in the case of Eth). Not sure if Bitcoin blockchain in its current state is ready for it, but if it is, Miniscript would probably be the way to go.

Imho you'll probably need a website at least to give some info about how to play.
14  Bitcoin / Project Development / Re: How do you come up with business ideas in crypto space? on: December 02, 2019, 12:11:09 AM
Thanks for feedback.

I'm not really looking for free ideas but rather some more or less effective ways to find them, I've edited the original post.
15  Bitcoin / Project Development / How do you come up with business ideas in crypto space? on: November 30, 2019, 07:01:02 PM
I'd like you to take a moment to think about the way in which you explore new opportunities in crypto world. I'm sure there's a lot of concepts one can use to bring a new business to crypto.

I'd like to open a discussion that might inspire others to look at places they never even knew existed. Smiley

Edit:
Although it may sound like it, I'm not actually looking for a concrete ideas for my own business. Sorry if I made it sound like it. What interests me (and I hope others as well) are general strategies to find one, particularly in crypto. E.g. In what way is it best to look for some emerging trends that might be good to explore?
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