I wouldn't call it recent; it was around two months ago perhaps at this point.
Okay - but the point remains the same - if the forum Escrow's need help with the software then I'll offer that for free. |
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Seeing as there was a recent scandal with an Escrow I wonder why the existing trusted escrows don't just work together with P2SH N of M addresses for people to use with much greater confidence that they won't be scammed?
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Anything to large the block capacity is a positive
Well, not "anything". BIP101 would have seen the block capacity grow into the GB range. The 2MB bump is an ultra-conservative needed fork. Why? Because you say so? |
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Spreading this hashing power around would make Bitcoin less secure, therefore less valuable. The ideal scenario is 1 core blockchain, with conservative block size so people can run nodes on their bedroom, and an insanely amount of hashing power to back this core blockchain, then layers on top (LN, sidechains). Everything else is a waste of time AND resources. This is why I have massive doubts of any alt being relevant long term.
Your point is noted - and I am not a fan of alt coins in general (and CIYAM is not even a "coin" at all) but I do think that you need to "spread the risk" over more than one network in case of systematic failure. |
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@eric - If you do have a potential team of developers then I would be happy to work between them and Bitcoin Core.
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... is not conducive to a single Blockchain. {All the fighting over block sizes}
And IMO we don't need a single blockchain - as the title of this topic suggests we can have an "interblocknet" with as many blockchains as we like (with Bitcoin still being considered as the "gold standard" of course). |
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ok maybe not direct sidechains (eg not like a merge mine idea) but there would need to be some decentralised method for swapping in and out, that way your bitcoin gold still reigns supreme as a reserve currency which others are backed by (even if only in theory rather than linked chains)
That is was ACCT does (Atomic Cross-Chain Transfers) - and CIYAM has implemented this for Bitcoin and Litecoin and also two alts. |
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i think the best way to ensure bitcoins reserve currency status is the sidechain method, where it starts with 6 main sidechains to represent the main world continents
Maybe this will be a good approach but I still do not like the idea that only "one blockchain" will be the foundation for all others. If a serious bug is found in Bitcoin then it will wipe out every side-chain along with the main blockchain almost instantly - that is not what an engineer would want to have in place (we didn't fly to the moon with this approach). |
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If you ever come near Zhongguancun area in Beijing, I'd like to buy you a cup of coffee and pick your brain.
I don't live in Beijing now but if you travel around 500 kms south then let me know and maybe we can meet up. |
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I can't help but notice your trust issues have been resolved. Scrubbed clean of all your sins then. Good for you.  You are welcome to leave negative trust against me if you want to. |
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He might be referencing this. Your point being? (if you are trying to troll me then you'd better do better than a Jr. account) |
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Attacks on altcoins would be whack-a-mole, fight on Bitcoin would be a real fight with real troops trying to shut down mining farms around the world. It's basically the same kind of fight for cheap natural resources that we had for millennia.
But you are only assuming POW (there are other possible solutions although I am not advocating POS if that is what you are concerned about). Also even with POW there are different ways it can be applied (which is what CIYAM is working on). Personally I think Bitcoin will be "digital gold" (and I hope it will be that forever) but I think other blockchains are going to appear. |
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Do they know that in the West that's considered shameful behavior?
Do you really think they actually give a "rat's ass" about what westerners think? (hint - I live in China and no they don't) |
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Is your wife ok with your snarky new attiitude?
Wow - look at this guy - am guessing you haven't shown off this post to your family have you? |
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easy enough to close off the mining so only retailers can mine/authorise. so that outsiders cant jump in. EG customers only have lite wallets with no miner code to reveal how the mining/authorisation works. then there would not be any hashpower race. and just basic security distributed across the many retailers of the mall
Yes @franky1 - you have got something spot on. |
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Some believe that the Chinese community's interest being underrepresented at the level of core development is much due to the fact that as a whole they have been myopically focusing on making money and not paying enough attention on protocol maintenance. As a result, they have almost no say and are little more than merely audience.
As you know this is unfortunately very true of the Chinese culture - again I do invite you to PM me if you want some help with explaining things to fellow miners (one Chinese is a dragon but many become worms). |
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maybe the first step into you achieving it is to promote it first as a loyalty card system for a mall..
I am no salesperson (just a developer) so that side of things will be up to others. |
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Whilst I agree that most altcoins are rubbish I disagree that we can only have one "proof" system.
Anyone who is an engineer likes to have "failsafe" backup mechanisms so anyone that says we "don't need one" would be view as "suspicious" in my mind.
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Now to actually get to the "meat and bones" in China they have "smart cards" that are used for shopping malls (mostly often for just one chain of shops or for most of the shops at one shopping mall).
Those are extremely popular in China (in fact they are actually used as an underground "currency" but we don't need to go into that).
So the model that I am working on is actually based upon a "real system" that is handling hundreds of millions of RMB per day (i.e. not something that I just made up for this topic).
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(i expect you to knit pick and whinge like a school girl.. so have a cup of coffee first and think about it for a while)
@franky1 - can you please stop with the stupid schoolyard insults (you've been doing that to me all over the place and basically it just makes you look like a stupid kid). If you hadn't noticed I didn't bother self-moderating this topic (so there was no need to delete your previous post). |
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