Satoshi called coinbase transactions as "incentive" in bitcoin whitepaper. It is just an incentive, and it is meant to end. I see no problem, as the incentive is needed only while adoption is growing. And as adopting grows, incentive get lower (halving). 6. Incentive
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.
The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free. In an “ideal” scenario where BTC is used on a daily basis for everyday purchases, the number of BTC TXs would increase drastically to levels very distant from the current ones, giving an edge to capitalizing on TX fees. TX fees themselves will also rise as well, and I’m pretty sure we’ll see some technological changes that facilitate all this.
I agree that we will have a drastically increase in the number of TXs, but I don't think fees will rise. If there are too many TXs, fees can be low and even so miners get a good reward. If fees are not enough to keep mining profitable at current hash rates, miners will leave and hash rate will drop, making mining profitable again. The system is able to auto regulate itself, and users are also part of this regulation, by choosing low fees when transactioning. |
|
|
|
The owner cannot change the smart contract, but the smart contract purpose is to issue tokens. Most smart contracts have function to mint, remove tokens. This is complete centralization. You can call the smart contract functions from outside and ask it to block addresses, move money from one address to another, mint more tokens etc... The functionalities of the smart contract are totally centralized.
Smartcontract is not a smart token. Forget tokens man. You are talking about one use of smartcontracts, which is not the only one, but it is the most used now in this infancy of the technology. You are also talking about immoral uses of it, like blocking addresses. Ok, you can make a smart contract do that, but you cannot force anyone to participate in such a contract. Pasting bad smartcontract codes do not prove anything. You cannot force people to participate in such contracts. And once they are written in the blockchain, they are open source and cannot be changed. Bad smartcontracts do not make good smartcontracts a fraud.Why don't you talk about DApps, like cryptokitties, online games, etc? Are they fraud as well? DApps are just a smartcontract and a web interface. So cryptokitties are now a big fraud, and they want just to steal money from you, block addresses, centralize the ethereum blockchain? Think about what you are saying.
I think that you are mistaken in thinking that a Smart Contract is as good as a blockchain, because it is saved into a blockchain.
It is nothing more than a script saved in a block that can be executed by a node... but it is totally in control of the owner, who can control his tokens the way he wants and without oversee from outside by calling the smart contract and ask him to do what he wants.
Man, smartcontracts have nothing to do with tokens. Forget tokens. Smartcontract doesn't need tokens. It can be an agreement about tokens, or not. And no, it is not possible "call the smartcontract from outside and do whatever he wants". Unless it has a giant security back door or something like that, which can be audit as smartcontracts ARE PUBLIC, because they are in the blockchain. I suggest that you read more information about smartcontracts, you can begin with Mastering Ethereum from Andreas Antonopoulos. You think that smartcontract is like a smart token, which is not. It is much more than that. Smartcontract will allow you to buy anything you want (a house, a car, rent something, etc) , to gamble, etc (when oracles start working) |
|
|
|
|
When dealing with cryptocurrencies you should do all the basic security procedures
-2fa on exchanges
-never let funds on exchanges for long periods
-use a safe wallet such as Electrum or a hardware wallet
-use an antivirus and scan your computer periodically.
Looks like you haven't done any of this....
I recommend that you buy a hardware wallet if you want to still invest in cryptocurrencies. I recommend ledger or trezor, but buy only from official retail
|
|
|
|
Smart contracts are by definition centralized, the owner can stop it, start it, and do whatever he wants, the users of the smart contracts are naked, powerless and can lose everything.
So from the start a smart contract is a blockchain fraud.
The success of the smart contracts is just because it is an easy way to clean money by the mafia. They buy at the ICO, sell at the introduction and they have clean Bitcoins. Easier than any other washing money scheme.
Hello, I don't know where you read this, but you are completely wrong. Please don't spread this nonsense. Smartcontract is a great innovation. It is a tamperproof digital agreement that once created none of the parts control. The smartcontract can be audited and registered in the blockchain. Once in the blockchain, as it is decentralized, there is no "owner" anymore and the creator cannot change the contract anymore, as it is already in thousands of computers (i.e. in the blockchain). It is a great innovation because the smartcontract will be executed as written. You cannot say "I know I owe you 500 thousand dollars, but I won't pay. You can start a lawsuit against me, which will cost you thousands of dollars and take years, or we can arrange a discount now" . This is very common around the world, and smartcontracts will not allow that (funds will be under custody of the smartcontract, which none of the parts control, and there is no third party also). There is no fraud in it. ICOs have nothing to do with smartcontract. ICO is just a new funding method, and you can fund whatever you want through it. The problem with ICO are not the smartcontracts (which are sometimes used during the funding phase to send the tokens to whoever paid ETH), but the people involved and scams attempts. What you are saying is basically that technology is bad because there are scammers out there. Bitcoin is also used by "mafia" to receive funds and wash money. Is it a fraud as well? Pablo Escobar created a fake Taxi Service to wash money, so let's call all taxis a fraud? |
|
|
|
|
These laws can't do much against bitcoin, but cryptocurrencies like Libra, Ripple, Ethereum, which has a company behind them, must obey those laws or the companies will be shut down. There is nothing to shut down in btc., As there is no company
|
|
|
|
Another Alternative to avoid Google Products - Drive alternative - ownCloud: Open source, self-hosted cloud platform, available for enterprise
- Syncthing: Open source, P2P
- Nextcloud: Open source, self-hosted
- Calendar alternative - Keep alternative - Google Docs / Sheets / Slides alternative Yeah, this website is interesting, I saw it rtoday in reddit. I added your suggestions to the OP. There is one service which I didn`t include in the OP but I will now, and I use it for over 2 years already, is Standard Notes. https://www.standardnotes.org/This application allows you to sync notes in web, android app, windows, mac and linux. Very nice. Simple and respect your privacy. |
|
|
|
Sometimes they send me to the old binance website and ask "Want a sneak peek at the new binance.com? Try now" And sometimes I am directed straight away to the beta website. To view it, just go to https://www.binance.com/en?canary=beta |
|
|
|
New bitcoin mining subsidy was supposed to be in supply after 21m bitcoin were mined. But, a soft fork has been scheduled to add no more extra bitcoin.
There is no need to think about a soft fork now, as it will happen only in 2140... And Satoshi itself proposed that the incentive (miners coinbase reward) would be over one day. If bitcoin survive until 2140, there will be a lot of transactions in a block, and fees will be enough for the miners. |
|
|
|
-snip-
But the recipient is unwilling to open any crypto related accounts...
-snip-
Is there any other way currently? Or must I wait for the industry to mature further?
I believe the industry is already mature enough for this transaction, but your friend is not. If you have a bank account in Malasya, you could transfer the funds from a Malasya crypto exchange to your bank account (but you probably don't have a bank account there, right?). You need someone with a verified account in malasya to withdrawal the funds in the local fiat currency. |
|
|
|
One of the best secure e-mails out there is ProtonMail. They have a free version, but it survives basically based on donations and people who pay for their services (which are expensive). From their website: Today, we help our community of millions of users secure their private data online. More than 10,000 supporters have assisted us in this mission by donating to make this project possible. Thanks to your support, we are continuing to develop state of the art email privacy and security technology from our home base of Geneva, Switzerland. You have a lot of competition here.... And even for protonmail is hard. They are based in Switzerland, what means that all user data is protect by Switzerland privacy laws, which are very strict. it is also open source... What would be new in the service you are proposing? Edit: I am shocked, ProtonMail raised $ 500.000 through crowdfunding! https://protonmail.com/blog/protonmail-raises-a-record-500000-through-crowdfunding-to-disrupt-the-state-of-email-communications/Good luck |
|
|
|
|
You can find a lot of courses at Udemy, they are cheap and are worth doing, if you can pay.
It is better than just be googling around (you will lose a lot of time looking for good information, especially at first). I would go to some cheap course first.
|
|
|
|
Thanks for linking this to me TryNinja, the search button isn't really helping for me as it is giving me results which aren't helpful with the query I wrote (or maybe I'm just doing it wrong). Thanks again!
To become a Full Member and be able to wear an avatar, you must receive 100 merits. That is the biggest limitation to rank up now. To earn a merit, someone must think your post is useful and well written, or funny, or whatever. You must post something meaningful to someone. So you need to take a look at the forum and find a place where you can contribute with the knowledge you have. It is not hard, but it requires times and effort. But it pays off. Good luck. |
|
|
|
|
Earning bitcoin is like earning money. Nobody will give you for free, you will have to work to earn it.
There are some ways to earn bitcoin here, but all of them requires effort and time.
|
|
|
|
I think you can take a look at the Services board https://bitcointalk.org/index.php?board=52.0There a lot of people ask for different services, basically anything that can be done online. Sometimes there are job offers for developers. |
|
|
|
EDIT2: ninguém tem contacto com o vit05 fora do fórum para se saber o que lhe aconteceu?
Ele esta banido de postar, mas pode mandar PM. Voce pode enviar para ele um PM que ele ira receber um email, e pode te responder... |
|
|
|
|
I made a consolidation yesterday with 1 Satoshi per byte.
It was nice, it took like 10 hours. Waiting even 5 days is not a problem to me, as I am transferring to myself
|
|
|
|
Do you have any tips on how you go about finding a good altcoin to invest in short term?
Well, take a look at the project whitepaper and at the people working on it. The problem is that most of the projects out there are poorly executed or are even scam.. |
|
|
|
Nice job. Why don't you add instructions about how to use your Price Image script in https://btc.ninjastic.space/ (it may even be your OP here) It would be nice to have instructions and more detailed information, then just enter commands based on this thread. |
|
|
|
|
In the end, the important is to accumulate BTC. You can use those alts pumps to accumulate more BTC.
Those projects are far more risky and will probably be gone in a few years. Taking profits now may be a good idea, and converting it to btc.
|
|
|
|
|
Show Posts
