How are Big Data and Blockchain related apart from Blockchain generates Big Data..
It can give a full control over your personal information. A blockchain can recognize you and give you proper level permission (or not). Similar to chmod. A person can see what and how his data are used and by who. If you can think about Facebook for example, let's imagine if you could be allowed to see what FB collected about you and what your personal information is used for, or how deep FB is profiling its users. None of this is what a blockchain can do, they are capabilities of the system placed around a blockchain. The same as any other data storage system. A blockchain can only provide a store and audit trail of itself. A blockchain does not generate "big data", to say so is to misunderstand both technologies. Blockchains store data, on a scale magnitudes smaller than used big data, and is fundamentally structured again unlike big data. Big data is about analysis of large volumes of unstructured data for behavioral and predictive analytics. Simply tracking transactions back and forth is not such data.
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Decentralised: - cant handle high load, low liquidity, risk of poor implemented systems locking or losing tokens with no one taking responsibility. No fiat gateway likely. Bypass KYC/AML so regulators may see as threat. + bypass KYC, no limits on withdraw amounts, lower risk of direct hack Centralised: - higher risk of hack, also can have low liquidity and struggle with load, rubbish support not taking responsibility. + can support high load and liquidity, regulatory compliance offers mainstream adoption. offer some support. Really it doesnt matter the model used, unless they are well designed amd implemented in terms of code, infrastructure and support, they will be poor. centralised exchanges have the opportunity to be better as there is more interest (profit) in producing a stable, quality platform. decentralised is nice for the purists and potential to be better *if* someone puts in the effort without reward to build it properly.
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"Whales" are a boogeyman to explain irrational trading, and justify why you are sitting on huge loses (or substantial gains). In regular markets, whales certainly exist, they control large fund that they can move market... a few % here or there, enough to make them and friends substantial profits through leveraged positions. In currency market for example, you might have a trader controlling $1bn, he only needs to move the market 0.1% in his favour and make a $1m profit for the day, trebles all round.
In crypto im not convinced they are the same creature, the financial instruments aren't available. A whale may buy up a crypto but trying to sell down the market to buy back is risky, they have to first accumulate a position then sell it to then buy back. What if it stays low? On the other hand the volumes and amounts needed to shit the market are relatively small.
Though really most the large movements are simply irrational, lacking real fundamentals to anchor value, the technical analysis and day trading dominate sentiment.
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Yes it will. BTC has already conceded dominance to the "rest of market", at current market caps with ETH about half value of BTC its quite likely to catch and become the largest coin within 12-18 mth. This is nothing to fear.
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2. confirmation speed as above posted mentioned is determined by the time between blocks. and that time is a somewhat fixed time. bitcoin is designed in a way to have 2016 blocks every 2 weeks which translates to 1 block every 10 minutes. this doesn't change with more or less miners. when the number of miners (or more accurately the hashing power) changes there is thing thing called "difficulty" that changes so that we get the same 2016 blocks every 2 weeks again.
Imagine the queues in the shops if Visa batched their transactions up and authorised your payments in 10 mins blocks. That is probably the main reason Btc hasn't (and probably wont) taken off. People just don't want to wait. Even if they halved it and halved it again, that would still be 2.5 mins waiting for payment to clear. The lightning Network is ok but if your main selling point is something that just bypasses the main protocol, then why bother with the main protocol. I love new people because they see the system raw and say it like it is. This is right, but no one will accept this point of view. End of day, Bitcoin is a proof of concept that has been accepted then sneaked into production, now no one wants to take the responsibility to re-engineer, so we put workarounds and hacks in place.
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Anyone claiming cryptos will disappear is talking nonsense and hasn't understood some fundamental property of crypto. This isnt hard bullish sentiment just simple observation: crypto's dont die. Thats why there are 1600 of them listed, all sorts of scams, whitepaper projects, hobbies and jokes are in there. Bitconnect is still exists and still trades! Verge coin is valued at $300m despite being hacked and having no meaningful development team.
Once released a crypto will survive as long as the code exists and running somewhere. The question is whether there is any value in the market. Most of the top 100 wont offer real value in the future, as people and tools coalesce around a small group. This has to happen for the the mas market adoption, people aren't going to use it every day with so many competing coins and technologies. Cross-chain solutions wont solve that because people will want a simple concept of $crypto is worth $currency not have to track multiple exchange rates. Dapps and tools will flourish in high numbers, however they aren't going to be used as currency, they can exist on or adpot other established blockchains.
We like to compare to the early Web, the dot com era of the late 90's, however technology wise we are in the early internet era pre-web, where lots of competing technologies via for attention most of which are rubbish some of which are fantastic but will be overlooked and a few of which are the future foundations.
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Well this turned in to a big turd. I havent followed the situation, only noting my small holding sinking like a heavy GPU laden container to the bottom of my portfolio. I recall now why I only invested a small amount, because the timelines and ambition where unrealistic, but FOMO got the better of me. Lesson learnt. I'll keep this coin around as a novelty and a reminder.
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to be honest,.... i think consensus is this year "in priced". there are so much more people watching this year. with the mood = buy in earyl, sell short before. just my opinion
Think you've described whats just happened this month, a substantial increase in prices in anticipation and a sell off just before the event.
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Dear users. it's my first experience on HITBTC and my opinion is this "HITBTC is SCAME". i just inform you please don't deposit any coin or token because its going to trash. i have deposit coin but not received and i searched and i found many users have same issue on hitbtc forum please check below link. https://forum.hitbtc.com/index.php?p=%2Fsearch&Search=depositFINALLY I FOUND THIS SITE IS SCAM!! Really? its like one of the biggest exchanges in volume out there Yeah, but someone makes error in deposit and its a scam.
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The site you point to states they recommend a fee of get it into the next few blocks. Bitcoinfees gives a recommendation for the next block. It also shows graph to let you decide other options, though i wish they'd show the total fee calculation for each band, not just the lowest 0 block wait.
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I like to buy this coin ( TRX ). Anyone, please give me your positive comments is it really good coin to invest? i am ready to HOLD 5-10 years also. Because I read some message from trx community, they were saying TRX = ETH in few years time. Is it TRUE ?
For me TRX is 1 of my best long HOLD coins. The price will surely 100x in the next 10 years. That would only be 8 USD = 1 TRX when the roadmap goes on the price will increase. Justin Sun is very active and the years of tron will come sooner then some people think. For me a great buy these days before the mainnet starts on 31 May a good laugh to start the morning. Nothing like overinflated valuations based on nothing but hope.
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interesting news...this is gonna be a very particular project. Somehow they will have to release the coin to the public, I'm not sure what could happen if it directly hits the public exchanges
More obvious is to airdrop to users, over a period of time, with fiat exchange setup for on ramp and listings across the most the large exchanges. They have the people already and prominence to do all these. We dont really know what the coin will be or expected to do, other than raise money which they have already apparently done. I've always been of the view this would be for early round investors to exit instead of a conventional IPO, so the public will just be paying off someones investment. Whats the use case for a token within Telegrams existing app?
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It is because the parent companies need to show where they obtained their funds from and verify its not come from illegal activities. Once listed that burden technically shifts to the exchanges, or individuals to be responsible.
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Venezuella's state run Petro will have no impact on Bitcoin as its just a way for the government to issue fiat, backed by oil reserves instead of its defunct local currency. It'll be used for them to trade oil in exchange for other goods, bypassing sanctions, if oil consumers want to accept it. Nothing really to do with crypto world except they used a crypto currency to build it on, really its just oil futures.
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Disappointing performance, about to drop out the top 100. I carry a bag that i keep going to sell... then dont, i think the project will be huge if/when they deliver. I always remember non-crypto friends talking about this last year, having the app on their phone, and still see it there.
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Trading technicals when the market is driven by fundamentals is a fast way to get fucked.
Loool. What fundamentals? Hahaha Like the continuing global adoption of blockchain and the present wild innovation, you clueless, knuckledragging fucknut Do you have any serious metrics on adoption, cashflows, etc?
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So many weeks to complete KYC. I've signed up to and completed two KYC last week, each took about 2-3 days. This is not a good reflection on the project and they seriously need to improve their communication on what is happening.
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The founder of tron is a Chinese. I learned from my friends that yucheng sun is the apprentice of Ma Yun (Ma Yun is the chairman of Alibaba) and is a very capable and influential person. I think the reason why tron can go up by 4000%
Dude this is already known and the main reason its worth as much as it is already, otherwise it would be just another "whitepaper and hope" coin with under 100m market cap.
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Yes it would probably help adoption, no Bitcoin doesnt offer it. This is the reason credit cards can get away with 3.5% fees, because the consumer doesn't see it.
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And this is one major reason not to get too invested in inventory/asset tracking crypto's, because large manufacturers can implement their own blockchain system in house without the "currency" piece that comes with costs. This will apply to industries too if groups of companies can agree on one common system.
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