If we can't compete with credit cards then we'll be in trouble, at least in replacing fiat in physical shops, and I do think it is important that it happens if bitcoin is to become one coin.
I've found bitcoin to be faster than credit/debit card, and I've personally made over 50 bitcoin purchases. Anyone with bitcoins can confirm this for themselves right now by going to Gyft.com and purchasing an Amazon gift card. The BitPay receipt will say "PAID" and the gift card will be credited to your account and ready to spend nearly instantly. It is pretty slick. If you are near Vancouver, come and test out bitcoin PoS at one of the many brick-and-mortar venues shown on coinmap! Yeah I never understood how confirmation can be so slow when bitcoin has so much mining power. I mean it simply isn't logical if that power isn't used to make transactions faster.
Transaction propagation times and acceptance by the nodes' mem-pools have nothing to do with mining power. Transactions typically propagate extremely quickly and, from my experience, faster than credit card transactions. Transaction propagation times are independent of network difficulty, which is dynamically adjusted so that block confirmation times target 10 minutes. But we don't even want really fast block confirmation times, due to orphaning risk and other network organization problems. buying from gyft uses 0 confirmation time? How can they afford that risk? Or does it depend on the purchase amount? EDIT: I just read another thread and found this post "I know bitpay already does instant transactions with merchants (I'm sure there's a limit on the transaction value) and if double spending were to occur they cover the cost so merchants have nothing to worry about. I'm not 100% sure but I believe coinbase has started offering the same thing. They simply account for occasional losses in their business model. "Well that is still not good enough in my book as you have to rely to a thrid party to make zero confirmations with no risk. That is like increasing the centralization of bitcoin. I say not good enough because their are going to be alternate crypto-currencies that won't require this to have near instant transactions. |
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Bitcoin enthusiasts endlessly trying to workaround a gen 1 crypto-currency. How about get with the times?  |
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This is so sad, fedoracoin is going to beat stablecoin in implementing coin mixing...
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scam to decrease the supply of bitcoins,
Move along people.
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Let me put a 3% premine into perspective.
it may seem to be a small number at first glance, but if you were to put that in terms of vertcoin, 3% would be over 2.5 million vertcoins, or 50% more than all coins currently in existence that have been mined in over a month.
it is impossible to compare the two.. vertcoin has a 50 coin block reward so of course those numbers are going to be completely skewed block reward has nothing to do with the general point i was trying to convey. People intuitively think that 3% is small. But they don't realise that only a fraction of the total supply will be in existence in the first few months, which makes the 3% pre-mine actually a huge percentage of all coins in existence. I agree, 3% is not small change, neither is 1% - the point I was trying to make is that you cannot compare vertcoin to a coin that has disproportionately larger reward structure as more would be mined in the same time frame relative to the coins rewards. You are overlooking what that 3% represents and I think you are assuming that for whatever reason that 3% is just being pocketed when we have outlined clearly and openly what the 3% is allocated for.  |
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Let me put a 3% premine into perspective.
it may seem to be a small number at first glance, but if you were to put that in terms of vertcoin, 3% would be over 2.5 million vertcoins, or 50% more than all coins currently in existence that have been mined in over a month.
it is impossible to compare the two.. vertcoin has a 50 coin block reward so of course those numbers are going to be completely skewed block reward has nothing to do with the general point i was trying to convey. People intuitively think that 3% is small. But they don't realise that only a fraction of the total supply will be in existence in the first few months, which makes the 3% pre-mine actually a huge percentage of all coins in existence. |
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Let me put a 3% premine into perspective.
it may seem to be a small number at first glance, but if you were to put that in terms of vertcoin, 3% would be over 2.5 million vertcoins, or 50% more than all coins currently in existence that have been mined in over a month.
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op sounds like a scum, this coin will not come close to dogecoin just from that fact alone.
its true, i am a total scum i say scum because you boast about pumpuing dogecoin, calling highs and lows like you are a genious. You also take a 3% premine. Money hungry + big ego = scum Not saying you are a bad person in real life, i am just judging your internet persona from your text. |
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op sounds like a scum, this coin will not come close to dogecoin just from that fact alone.
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use this logo, this one looks more professional. +1 me if you agree. |
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damn i got in 1 hour late its already unprofitable to mine, getting only 600k coins a day with 1.2mh/sec
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can someone send me a pre-compiled version please?
one less miner is more coins for us  |
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dead bull
can someone please ban this guy? wtf you eat meat everyday, what are you afraid of?  |
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logo is good but the original one is more funny even though its just scribble.
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so will zerocash be implemented before or after zerocoin?
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will pool mining be available at launch or do we have to solo mine first?
We decided to announce source and wallet password at same time.
So you can mine it solo a few minutes, before pools are ready. alright thanks, nice online wallet btw. |
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