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Alternate cryptocurrencies / Bounties (Altcoins) / [BOUNTY] Sanchezium - Rick's interdimensional coin
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on: February 06, 2018, 09:47:02 AM
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This is the bounty program for ANN in this thread: https://bitcointalk.org/index.php?topic=2881347Bounty will be paid for the following:1. Posting with provided Sanchezium signature at least 5 times a day in any threadFor Hero and Legendary member: 25 SNCZ per day (25 USD); For Sr. Member: 20 SNCZ per day (20 USD); For Full Member: 15 SNCZ per day (15 USD); For Member: 12 SNCZ per day (12 USD); For Jr. Member: 10 SNCZ per day (10 USD). 2. Posting in FacebookBounty of 25 SNCZ (25 USD) will be paid for every Facebook post about Sanchezium. Additionally, 1 SNCZ will be paid to author for every reposting of his post. 3. Posting in Twitter and re-twitting main twitsBounty of 10 SNCZ will be paid for every Twitter post about Sanchezium. Additionally, 0.25 SNCZ will be paid to author for every retweet of his post. Sanchezium signature:[center]█▀▀▀▀▀▀ ★★★ WUBBA LUBBA DUB DUB! ★★★ SANCHEZIUM - RICK'S INTERDIMENSIONAL COIN ★★★ WUBBA LUBBA DUB DUB! ★★★ ▀▀▀▀▀▀█ [url=http://sanchezium.com/]Join Us[/url] ★★★ [url=http://sanchezium.com/ico]Join Our ICO[/url] █▄▄▄▄▄▄ ★★★ GET SCHWIFTY! ★★★ [url=http://sanchezium.com/whitepaper_en.pdf]Whitepaper[/url] ★ [url=https://t.me/sanchezium_official]Telegram[/url] ★ [url=https://twitter.com/SNCZ_official]Twitter[/url] ★ [url=http://sancheziumcoin.slack.com/]Slack[/url] ★ [url=https://bitcointalk.org/index.php?topic=2881347.0]ANN Thread[/url] ★★★ GET SCHWIFTY! ★★★ ▄▄▄▄▄▄█[/center]
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Bitcoin / Development & Technical Discussion / Transaction with Secret
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on: April 18, 2017, 01:28:26 PM
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I would like to transfer the ownership of a domain name over the bitcoin blockchain:
Let's say there is Alice, which wants to buy the domain name value.com and there is Bob which owns the domain name value.com. They negotiate via email and agree on a price of 1.000 BTC for this domain name.
As they live far away from each other, they only can transfer the domain name through an escrow service like escrow.com:
The escrow service receives the payment from Alice and receives the password for the domain name from Bob. After this, they Alice the password, after Alice that the password is valid they send Bob the payment.
Is it possible to transfer this asset over the bitcoin blockchain?
I understand that I could store a hash of the password in the blockchain, but I do not know how I can make sure that Alice receives a password when Bob makes a payment.
Thanks,
Bitone
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Bitcoin / Bitcoin Discussion / UASF Economic Weight
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on: April 11, 2017, 08:06:56 PM
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"A UASF could be enforced by any number of economic nodes, although hash power may only choose to follow such rules if there was significant economic weight behind it." Source: http://www.uasf.co/Does this mean: If the "Majority of the Exchange Volume" votes for UASF, then Miners have to follow? What means this "significant economic weight" exactly and how are the chances that these thresholds are reached? Thanks, Bitone
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Bitcoin / Bitcoin Discussion / Escrow.com Blockchained Soon?
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on: May 10, 2016, 09:45:42 PM
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Dear fellow Bitcoin Enthusiasts,
I blame myself to understand bitcoin. First when I got started with bitcoin - a couple of years ago - it took some while until I got it. Now I want to get my head around the newly evolving blockchain hype.
I think I understand how the blockchain can disrupt notary services: just get the hash of a document and sign it to the blockchain. A notary service is costly and time intense. The blockchain can do that it with a couple of cents. Ok.
Now comes my question and any hints, suggestions in the form of explanations or links are highly appreciated:
How exactly can the bitcoin blockchain disrupt a business model like the one of escrow.com and are there any startups or projects that aim towards that direction?
Or to put my question more specific:
Alice wants to buy a domain name from Bob. They agree on a price. Alice has to transfer bitcoins to Bob, Bob has to transfer the Authentication Code for the Domain Name to Alice.
As they do not trust each other they can use the service of escrow.com. Both trust escrow.com. Deal done.
How can they do the transfer without escrow.com over the blockchain?
Thank you so much,
Bitone
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Economy / Economics / Only 40.000 People use Bitcoin?
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on: August 06, 2015, 02:33:12 PM
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According to https://blockchain.info/charts/my-wallet-n-users ... Blockchain - one of the leading Wallett services - claims to have nearly 4 million wallets. On https://blockchain.com/about/ they claim +3.7M users. But only 250.000(sic!) adresses are active ... https://blockchain.info/charts/n-unique-addresses. In january the number dropped to 116.000. So my assumption is, that there is a maximum of 120.00 people out there, that use Bitcoin. And I assume that 90% of blockchain.info wallet user have never used bitcoin. When you assume that the average user has 3 adresses active, the number of user further comes down to 40.000 people. I see growth in bitcoin adoption on the side of merchants when I look at coinmap.org. Ok. They claim to have nearly 10.000 merchants that accept bitcoin. But I don't so massive adoption on the user side right now. Are there any errors in my assumption? Thanks, Bitone
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Other / Meta / Bitcoin Forum > Search - Historic Posts
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on: July 27, 2015, 08:45:14 PM
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I would like to do some research in the Speculation Child Board.
Therefore I would like to read all Messages posted between 392 and 394 days ago.
But I can't figure out how to set the search parameter. When I leave "Search for:" empty, I get the Message "Did you forget to put something to search for?".
I can vaguely remember, that it was possible to do this kind of searches, maybe 2 years ago.
Thanks for your support in advance!
Bitone
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Economy / Economics / How much does it cost to produce one Bitcoin? (Market Value Comparison)
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on: January 07, 2014, 10:13:57 PM
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I just stumbled upon Satoshi's famous quote ...
"In the absence of a market to establish the price (of bitcoin, estimates) based on production cost is a good guess and a helpful service (thanks). The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more." Feb. 21, 2010 Satoshi Nakamoto
... and asked myself: What is the current cost of production of one Bitcoin?
I found the following figures:
"According to Blockchain, over the last 24 hours Bitcoin miners used an estimated 135,950.77 megawatt hours of electricity." That is round about $195.000 a day. Daily there are 5.000 new Bitcoins mined. So that would equal to $39 cost of electricity per Bitcoin. Far away from current market price. Sure, to "produce" a Bitcoin you need hardware.
So the cost of hardware is the big unknown to calculate the real cost of production. And here you - fellow Bitcoin Enthusiasts - come into play:
Do you know reliable cost figures for mining hardware like price, operating lifetime and so forth to calculate the cost to produce one Bitcoin (and therefore get comparison to the current market value of a Bitcoin)?
Thanks,
Bitone
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