Most Politicians have no clue about anything apart from making money. Regulation of cryptocurrency is being spear headed by uncle sam! The entire economy of the world lies in wall street and they would do everything in their power to make sure cryptocurrencies are screwed.

The increased usage of cryptocurrencies would drastically take away their power of controlling people and that's why they want to regulate cryptocurrencies.

P.S: Please change your name. If at all you decide to keep the name then never post shit. (Nick is a legend here)

Some of us are new here and some of you guys have been using the platform from almost a decade now. Even though the platform is not as colorful and doesn't have much options what makes this platform so good and so addictive?

Kick that bitch on the ass.

Could you share more details of it?

Am i looking at a machine talking or you're really a person  ?

Thank you for taking some time out to help me with this @mixoftix and @HeRetik. I get where i am going wrong and would go back and try finding solutions. Wouldn't give up on it though

Edit


As long as the format remains the only thing that matters is the amount of computational power (PoW) or the amount of coins (PoS) you have. But once you change the format it would become very hard for you to change the requirements to mine more.

The thing is each node makes a decision on it's own and it doesn't know what's happening with the other nodes. It wouldn't even know that there are other nodes. It would just send out it's decision based on the data that is fed into it so i don't see how it would turn bad!

What if we divide the administrator power equally? The decision would go through if only if majority of them accept it's correct. We could also process the data in multiple containers so that not one entity has control over the process.

That's very interesting to hear. How about this?
The neural network takes decision based on weights that is given to each and every input. This is what i was thinking when i posted this. I'll just write it down in steps, Please let me know if i'm correct.
 
Step 1 : So at the beginning we set the same amount of weight to all the inputs( Taking good nodes and bad nodes as the inputs).

Step 2 : We make this model the administrator of the network which has equal amounts of good nodes and the bad nodes. and there is a pool of other nodes(good) which could be introduced into the network based on the actions in the network.

Step 3 : Now, We just let the network run. The algorithm is written in such a way that once a bad node tries to manipulate some node he's immediately replaced with a good node from the pool.

Step 4 : We could also give weights to attacks. If it's irrelevant and if it's making no much damage let's just keep the node. If it again repeats the same thing the node would be replaced.

Step 5 : For scalability we could just choose a particular set of nodes and simulate a tremendous amount of transactions and pin point to what kind of nodes are causing this and we could drastically reduce or try applying compression algorithms to that particular node.

I don't know if what i'm saying makes sense. This is what i've been trying to build from the past week

Won't forking the chain randomly decrease the value of a particular asset? Don't you think we should have like a committee of people who gets to decide if a blockchain has to be forked or not?

Can anyone hard fork the network? Or you need certain requirements to do it?

But Vitalik is incorporating a new consensus algorithm right? So he's actually changing the consensus algorithm on a running network right?

Could we rejoin the chain once it splits?


How do they decide on which aspect of the algorithm to retain and which to discard?

All of us know that everything(Including the data we generate) on the blockchain has pattern and people who have been using bitcoin and ether complain that the network is slow. People often try to hard fork the entire network to combat this problem!.
We are also on the brink of witnessing quantum computers which would prove very detrimental for the progress of blockchain. I have two questions

1. Could we write an algorithm to generate a consensus algorithm using the data

2. Is it anyway possible to merge two or three consensus algorithms together?

Mate, Nobody's saying that! It would reach 10K in sometime. Just have patience.

Imagine you're trying to get a chick who's a blockchain geek! what would be the pickup line you would use?

Here's mine

" Are you a block?
       cause i'd mine you all night"

Not really!

Here are 4 instances why by hodling you'll always win.

Dot com bubble burst

Alot of early investors in companies like cisco, qualcomm and amazon sold a lot of stakes at the onset of the dot com bubble burst and only some of them held on to it and most of them are billionaires.

Bitcoin

Bitcoin too suffered from the bear market once and lot of impatient people sold their coins off and the ones who didn't became multi millionaires in 2017

https://imgur.com/a/DFMZhDn

Warren Buffet

He was a very smart investor and would often buy shares in companies when the prices were at an all time low and then would wait until they rose back up.

Rakesh Jujunwala

Often termed as the warren buffet of india he thrives on hodling. He bought a couple of shares in 1990 and held on to it for a very very long time and sold it for a very very high price.

These are just some of them that i am aware of but i'm pretty sure there are millions of such cases. Hodling will require a lot of patience and also some faith but always remember the golden rule
                                                                        " Hodlers never lose "

The Concept of Blockchain is quiet complex to understand and would take some while to wrap your head around it. Even after you start learning blockchain concepts like mining and hard fork might seem complicated for people to understand so in this post i will try to explain how hard fork works in simple words.

There are two types of forks which are called as hard fork and Soft fork

Let's say john, Andrew and Alice are Grad students and would want to come up with their own blockchain startup to make sure all their marks cards are being put on the blockchain as they it is extremely important to guard their marks cards. They name the network as JAA Chain.

All the three decide on one rule and design the software(Set of Rules) such that if a person scores 60% then his marks card would be put on the blockchain and since the whole network is occupied by people who support these three all of them accept this rule and make this as a standard that has to be followed.

Now, It's been 3 months and the network is up and running but Alice feels that they have set the score too high and wants to reduce it to 55% and she also has a set of network accepting her claim but John and Andrew are against this idea of using 55% as the yardstick.

After a series of negotiations Alice just develops her own software(Set of rules) that validate a block ( To accept the block into the network) and asks her followers to download this software and use this to validate new blocks. This is called as hard fork. Here, She is completely changing the way a block is validated. She would name this JAAU Chain.( John Andrew Alice updated).

Now Another Issue is up for our original chain. There is a bug in the software that is consuming a lot of time to validate the block. John and Andrew will make this small change and informs the majority of the network about the change. Only the blocks with this issue are considered as invalid and the remaining(New) blocks would start following the new rules. This could be called as Soft fork.

Points to remember:

In Hardfork the entire network has to accept the change
In Soft fork only Majority of the nodes should accept the change as this is enough to consider the blocks as invalid

Why do they hard fork?
1. If the network is bugged about the scalability issues and how slow the network is they would consider forking the chain.
2. If there is a threat to security.

Do they all succeed?
Well, This remains one of the most controversial part in the blockchain community. Some of them like the idea of forking and some believe it's dangerous to fork the chain as it would decrease the price of the current chain. When a new chain is formed you would get the same amount of new coins as the old coins you own. Let's the example of JAA and JAAU chain. Imagine if you have 2 JAA Coins then after the split you would recieve 2 JAAU coins.

In terms of Bitcoin the fork has always been used to increase the speed of transactions. Some of them have succeeded and Most of them haven't but let's hope for the best!

P.S: This was actually a post by me that was deleted by the mod as i accidentally posted it on two boards.

Umm Sounds interesting.

Bitcoin is the most powerful thing that was created after the internet. If people never believed in bitcoin there would probably no use of the blockchain technology. Today, The technology that the currency bought has become so powerful that big corporations like google,facebook,cisco and many others are extensively researching and spending billions of dollars to make it better. Bitcoin is not just a currency but it has transcended leaps and bounds and become something that is bonding a lot of people from different part of the world. Just look at this forum, I'm writing this from one part of the world and you might be reading it in another part. Don't look at bitcoin only in a financial aspect but look at it in another aspect and look at all the amazing things that this invisible thing has able to achieve. Bitcoin's price may fall but bitcoin will never die or we won't stop believing in bitcoin because we have become an inseparable part of the currency! SO DON'T EVER STOP IN BELIEVING IN BITCOIN

The Concept of Blockchain is quiet complex to understand and would take some while to wrap your head around it. Even after you start learning blockchain concepts like mining and hard fork might seem complicated for people to understand so in this post i will try to explain how hard fork works in simple words.

There are two types of forks which are called as hard fork and Soft fork

Let's say john, Andrew and Alice are Grad students and would want to come up with their own blockchain startup to make sure all their marks cards are being put on the blockchain as they it is extremely important to guard their marks cards. They name the network as JAA Chain.

All the three decide on one rule and design the software(Set of Rules) such that if a person scores 60% then his marks card would be put on the blockchain and since the whole network is occupied by people who support these three all of them accept this rule and make this as a standard that has to be followed.

Now, It's been 3 months and the network is up and running but Alice feels that they have set the score too high and wants to reduce it to 55% and she also has a set of network accepting her claim but John and Andrew are against this idea of using 55% as the yardstick.

After a series of negotiations Alice just develops her own software(Set of rules) that validate a block ( To accept the block into the network) and asks her followers to download this software and use this to validate new blocks. This is called as hard fork. Here, She is completely changing the way a block is validated. She would name this JAAU Chain.( John Andrew Alice updated).

Now Another Issue is up for our original chain. There is a bug in the software that is consuming a lot of time to validate the block. John and Andrew will make this small change and informs the majority of the network about the change. Only the blocks with this issue are considered as invalid and the remaining(New) blocks would start following the new rules. This could be called as Soft fork.

Points to remember:

In Hardfork the entire network has to accept the change
In Soft fork only Majority of the nodes should accept the change as this is enough to consider the blocks as invalid

Why do they hard fork?
1. If the network is bugged about the scalability issues and how slow the network is they would consider forking the chain.
2. If there is a threat to security.

Do they all succeed?
Well, This remains one of the most controversial part in the blockchain community. Some of them like the idea of forking and some believe it's dangerous to fork the chain as it would decrease the price of the current chain. When a new chain is formed you would get the same amount of new coins as the old coins you own. Let's the example of JAA and JAAU chain. Imagine if you have 2 JAA Coins then after the split you would recieve 2 JAAU coins.

In terms of Bitcoin the fork has always been used to increase the speed of transactions. Some of them have succeeded and Most of them haven't but let's hope for the best!

Please Correct me if i've made any mistake and Add Anything if i have missed out