bitcoin will never get adopted by the entire world population. beside that, by equality i don't mean that every person gets the exact same amount. currently 1% of the world controls all the wealth. if we can get that number closer to 10-20% it can already be considered a huge improvement.
If you want equality, then every person has to get the same amount. If different people get different amounts, then that can't be considered equal. A person's wealth is not equal to the number of bitcoins they own. In fact the wealthiest 1% in the world probably own very few bitcoins. So, that raises the question, how can an equal distribution of bitcoins affect equality? |
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Wealth inequality exists in the real world as well. Wealth equality is a pipe dream that will never exist.
if we all think like that, it will never change. bitcoin is still fairly new. i think it is still possible to spread the coins more equally at some point in the future. but that will only happen if we stand up and start doing something about it. Ok, let's suppose that bitcoins are distributed equally to each of the 7 billion people on the planet. That means that each person receives 0.003 BTC, currently worth about $0.72. What good will that do? $0.72 is a tiny amount of money to even the poorest people in the world. |
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I'm curious about what the phrase "Bitcoin wealth inequality" means. I assume it mean that some people own a lot of bitcoins and a lot of people own none. Well, (assuming my description is correct) then I see no problem for these reasons: - Only a few people own Albanian leks, but nobody seems to care. Why is Bitcoin different?
- A person that wants to be in the top 10% of bitcoin owners, a "whale", can simply buy 1 bitcoin. That's right. You can be one of the Bitcoin elite for only $240.
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Regardless of whether or not Syria Relief is legitimate, syriarelief.org is a scam 1. The site was created yesterday. 2. The actual Syria Relief site, syriarelief.org.uk makes no mention of syriarelief.org, nor does it mention accepting bitcoins. 3. There was no announcement anywhere by Syria Relief, except by first time posters on reddit and here. 4. The "COMPLETE YOUR DONATION USING A CREDIT / DEBIT CARD" button does nothing. |
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syriarelief.org is a scam:
1. The site was created yesterday.
2. The actual Syria Relief site, syriarelief.org.uk makes no mention of syriarelief.org, nor does it mention accepting bitcoins.
3. There was no announcement anywhere by Syria Relief, except by first time posters on reddit and bitcointalk.
4. The "COMPLETE YOUR DONATION USING A CREDIT / DEBIT CARD" button does nothing.
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Is syriarelief.org the same as syrarelief.org.uk? The UK site doesn't have a pay with bitcoin button. It is also odd that the syriarelief.org site was created only yesterday, while the U.K. site has been around for years.
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I think you are wrong , cause you cant know the confirmation time of the transaction  or could you ? thats just an example and i want more anything else ?  It is not smart to start a post with "I think you are wrong" when you do not know the answer yourself. Anyway, knightdk is not wrong. A transaction hash is a hash of the transaction and nothing else. Once it is published, the data in a transaction does not change. However, somebody could take a published transaction and create an equivalent (but different) transaction that would have a different transaction hash. |
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I'm asking if the Bitcoin's transaction hashes are random or can be calculated ?.
A transaction hash is the hash of the transaction. A "hash" is a computation that is done on data and results in a value that has useful properties, including relative uniqueness, the appearance of randomness, and an inability to recreate the original data. In Bitcoin, transaction hash = SHA256(SHA256(transaction)) So ? can it be calculated OR NOT Like if you give me your btc address and i wanted to send you 5$ But i want to know AND CALCULATE the tx hash before sending the payment to you is it possible ? If you are sending the bitcoins, then you are creating the transaction, so you can know the hash after you create the transaction, but before it is published. But if you are the only one that knows the details of the transaction, then you are the only one that can know the transaction hash before the transaction is published. |
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I'm asking if the Bitcoin's transaction hashes are random or can be calculated ?.
A transaction hash is a hash of the transaction. A "hash" is a computation that is done on data and results in a value that has useful properties, including relative uniqueness, the appearance of randomness, and an inability to recreate the original data. A transaction hash is also known as a transaction ID, or txid. In Bitcoin, transaction hash = SHA256(SHA256(transaction)) |
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Nobody disagrees that 7 tps is not enough. The disagreement is on the best way to achieve a higher transaction rate.
There have already been thousands of posts on this site and others on the pros and cons of increasing the block size. I don't see a reason to start a new thread.
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Is it true that Bitcoin is limited to 7 transactions a second which are recorded in 1 block every 10 minutes? Does that mean 1 block can only hold 7 x 60 x 10 = 4200 transactions? With the growth of Bitcoin usage this has to be a drastic limitation oversight by Satoshi? How can Bitcoin be scaled for a global audience?
Normally, I ignore people that beg for money on this site, but I'll answer your question this time. The limit is the size of a block in bytes. The 7 tps is determined by taking the average size of a transaction and seeing how many can fit in a block. Whoever came up with the 7 tps number apparently assumed that the size of an average transaction is somewhere around 250 bytes. You can fit up to 4200 250-byte transactions in 1 MB block so that means that the limit is 7 tps. Sizes of transactions vary, so that actual limit (in terms of numbers of transactions) can also vary. It turns out that with multisig transactions, the average size has gotten a lot bigger and 2 - 4 tps is a more realistic limit. The idea of a 1 MB limit was originally designed to prevent a particular attack. It is not necessarily a permanent limit. |
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we all know how evil google is its no surprise mr hearn wants to rush this thing in his name...
Umm, Hearn hasn't worked at Google for about a year now. |
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Circle and Blockchain could just take your funds away and you wouldn't be able to do anything about it.
Blockchain.info never handles your private keys. The weak link in its security will always be the user themselves which is why I stopped storing coins there myself. I dont understand what you say. You say they dont handle the private keys,then why arent they trustful? I hold my coins there and never got robbed. Accessing your bitcoins through a website makes you more vulnerable than holding your bitcoins locally. Phishing and keyloggers are the major threats. |
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signature campaign was actually good 1 month ago, i was doing 2 btc month, so not that poor as many think
now it's another story, not earning a good amount like in the old day
You spend several hours a day reading and posting here. You are the exception and not the norm. I'm curious what your hourly rate would be, dividing the amount you got from signature campaigns by the total time you spent reading and posting. My guess maybe 1 or 2 dollars an hour at most. |
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By far, the easiest, most effective and most convenient way to "earn bitcoins" is to earn money and buy bitcoins. That is true whether you have a full-time job as a CEO or a cashier, or if you mow lawns or baby-sit.
Mining is not for newbies. Its takes skill, knowledge, and experience in order to make a profit.
Regardless of what others may have written in this thread, signature campaigns and faucets are a poor way to earn money. You earn only fractions of a penny from a faucet, and signature campaigns pay less than you think.
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A Bitcoin address is not intended to represent a person or an account. It is better to think of it as a kind of "payment code". If someone wants to send you bitcoins, you give them a payment code (a.k.a. Bitcoin address) to send to. The private key is what enables you to use the bitcoins that have been sent to that address.
Your wallet keeps track of all the addresses. You don't have to think about them.
Blockchain.info unfortunately perpetuates the poor practice of reusing addresses by giving you a "default" address and saying that it is "your" address. I bet they are the only wallet that still does this.
Blockchain.info is capable of providing as many addresses as you need, but they don't make it easy. If you want a new address, go to the "Receive Money" tab and click on "New Address".
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I am accpeting Bitcoins, buy anything fron Amazon at 10% Discount on Any Goods or Products on Amazon A to Z Product from Any Seller.
You are going to have a very difficult time competing with Purse.io. I regularly get 20% - 25% discounts on Amazon through them, and I don't have to worry about being scammed. |
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I will also name bitcoin as an accomplice in a criminal activity.
That's makes as much sense as naming the dollar as an accomplice. I had a guy contact me through localbitcoins today looking for 2 btc and sounding really unsure about the whole thing. He ended up divulging that he had received this exact same email and I talked with him about it for a bit. He still wanted to buy the 2 bitcoins and have my help sending them as it would be easier than rehashing the whole AM thing again.
Did you know that you are required to file a suspicious activity report on him? That's F'ed up. One of the charges against the CoinMX guys is that they didn't file a SAR on a cryptolocker victim that they sold bitcoins to. https://bitcoinmagazine.com/21334/fbi-arrests-coin-mx-founders-money-laundering-violations/ |
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You are selling the account for $1 to pay a debt? Do you owe some kid at school lunch money?
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