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There isn't such a thing as mBTC like there isn't such a thing as milli dollars, or milli euros. (although given todays BTC/USD price tag mbtc is practical)
BTC, bits and satoshis and that's all. Unfortunately some sites insist on adding confusion by using mBTC which has been rejected by the vast majority of the bitcoin community.
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My credentials: none
Disclaimer: Anyone who listens to me deserves to lose all of their money.
Although your analysis is thorough and complete i don't believe you because you didn't post even a single logarithmic chart with random hand drawn lines...  |
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2. It allows to give higher priority to peers which store the full blockchain (and penalize SPV).
SPV clients are not full nodes anyway. For all i know they don't relay any transactions... They only broadcast transactions initiated by the spv client. |
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Altcoins are not dead but it's hard to get rich quick from those (except if you are a good developer with a real talent in marketing)...
People have been thinking that crypto-history can repeat itself through an altcoin but the reality is that pretty much everything is pegged to the fate of bitcoin...
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Price is halved but transaction has doubled since last year.
I hope u guys know what this means
No. What does it mean? (except that bitcoin adoption/usage has gone up) |
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Just check alienware... Their products may be a little overpriced but they accept bitcoins and they might still offer the 10% discount if you buy with bitcoins.
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You can connect as much mining power you want. Your internet speed is more than enough. I would prefer a little bit lower ping though...
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I guess it's hard to manipulate transactions/day. Price not so much...  |
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The wallet needs a lots of updates tho, it's incredibly dull looking. Could do with some more content and faster downloading of the blockchain.
The reference client is not a wallet. It's a full node implementation + a wallet. If you just need a wallet try one of the lighter clients like electrum or multibit etc... |
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Doesn't mean anything in particular... Just a general term to describe altcoins with added features or protocols that add features to bitcoin itself...
Features like native support for decentralized exchanges etc...
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*for sure, many people send/receive/store their private keys unencrypted, e.g. when generating paper wallets online
This usually happens locally on your browser except if you are creating your private keys through a malicious web page... You have to worry about the code the web page is serving you and not about your isp... |
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The issue that people raised over at reddit is that you have to trust the javascript code for local encryption/decryption...
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...someone asked back in october 2012... and then in october 2013... and yesterday... Some things just don't change in the bitcoin world  |
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That's why you should buy from vendors that are giving discounts for buying with btc... It's the vendors that have the biggest incentives to push customers to bitcoin instead of cc and pp.
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Flash Crash.... Interesting theory.... Is there any way to manipulate this crashes... In that case it would be pretty obvious.
Crashes are the effect of manipulation (some times at least). I guess you mean to take some advantage of a crash by selling high and rebuying at a lower price which is how everyone in the speculation sub forum loses money  |
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True, I was wrong in that. But it doesn't make a lot of sense to send coins to a sidechain when you are going to have inflation while price is pegged to bitcoin. Holding this sidechain coin will give you less profit than holding bitcoin itself. Well maybe the sidechain will have more than one native tokens in a way that makes sense. Or maybe a predictable dilution on the value of your sidechain coins might be treated as the cost of buying a certain sidechain functionality. |
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So, now that we "have" sidechains (or at least, the project of how to build them), ethereum could be built as a sidechain of Bitcoin?
Afaict a clone of the ethereum protocol can be built as a sidechain of bitcoin. The official premined/IPO'd ethereum can't be pegged obviously... In a sidechain you can't create new coins (not even with block mining reward), only transform coins from the main chain. In a 2-way pegged altcoin (like Ethereum or any other) you can.
Actually you can... https://www.reddit.com/r/IAmA/comments/2k3u97/we_are_bitcoin_sidechain_paper_authors_adam_back/clhnd0i |
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Then assets within donkeycoin's blockchain are susceptible to reversal and/or oversight/control by the 51% attacker.
If the attacker achieves 66% (or whatever the configurable threshold is for the sidechain), then they can also begin to steal outside assets pegged into that blockchain.
The donkeycoin asset/coin itself is irrelevant to this, and may or may not exist.
Wait where did that 66% come from? You mean that a sidechain can have a completely different consensus system where the larger chain is beign somehow decided by more than 66% of the total hashing power? |
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You're missing the point. Some here think that by buying 1BTC, they are buying 1/21millionth of the technology. I'm simply pointing out that's nonsense.
Actually you are buying 1/21 millionth of the total digital units of the most sophisticated, actively developed, global, decentralized, secure transactions network the world has ever seen... That's why buying 1/21 millionth of an altcoin costs 1000 times less despite the fact that the underlying technology is almost identical... |
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You can't compare the internet to Bitcoin. Sure, many people didn't know the use of it 20 years ago. But it was a completely new thing. Bitcoin is money.
Bitcoin is not money just like the internet is not a digital version of USPS... Bitcoin is a protocol/technology. One of its applications is digital cash. Bitcoin the "protocol/technology" in your analogy would be tcp/ip. To my knowledge, no one made a fortune buying "shares of internet." The analogy was meant to help you understand that bitcoin is a technology that has applications (digital cash)... Obviously the two protocols have different characteristics... |
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