Blockchains efficient? They are not compared to the databases banks are using now. Blockchains are slow, use too much storage and bandwidth. Also a real blockchain uses Proof of Work which is considered wasteful in the use energy by most people who do not get that it is actually a breakthrough.
We will soon see all these private "blockchain" pitches by different developers to pivot into something else and drop the word "blockchain".
your thinking of bitcoins blockchain. trying to fit bitcoins concept into the banking industry.. wipe your mind of bitcoin and concentrate on underlying blockchain, again without thinking about all the unique bits that separates bitcoin from the other altcoins. like going back to the design board and opening your mind to design your very own altcoin. it doesnt need to be all data on every node(bitcoin) or all data on one server(banking).. it can be inbetween aswell EG a texas sidechain where all the banks in texas reinforced each other. california have a different sidechain where all the banks in california reinforced each other imagine each block is not hashed by PoW with a 10 minute target. but instead signed by xx regional hubs/bank branches in a split second. imagine it like live data is instantly signed off as soon as its altered. and this continues on for a month. then at the end of the month. its locked for good, as historirc record. and then a new block copy is opened up to then change live. like a monthly statement of locked historic blocks and a live block ontop that is the 'current balance block' making the live active block (much like mempool/LN) editable until its locked. but trusted available balance due to instant multisig signing imaging instead of one central server hosting every bank account data, there was instead a bank branch that had its own account holders (sidechain) where they all inter-communicate between sidechains, like the same way routing numbers /sort codes recognise which HQ server to address for particular banking customers. but this time the data is distributed into hubs/regions/clusters/sidechains. once you wipe your mind of bitcoin and see how loose the term blockchain is. you realise blockchain alone is just an empty tool. but is a tool that can do some very funky and unthought about things Then herein lies the real problem. Ask the banks what their definition of "blockchain" is and you realize and question if that is really a "blockchain" because the Satoshi definition is mostly the one for most of us. Before Bitcoin, did anyone really use the term "blockchain"? If their definition of a blockchain, is a chain of blocks linked together then would that be enough to be called a "blockchain"? I think the breakthrough which is Proof of Word should always be there and should be inserted in that definition. |
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Blockchains efficient? They are not compared to the databases banks are using now. Blockchains are slow, use too much storage and bandwidth. Also a real blockchain uses Proof of Work which is considered wasteful in the use energy by most people who do not get that it is actually a breakthrough.
We will soon see all these private "blockchain" pitches by different developers to pivot into something else and drop the word "blockchain".
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These days there are too many talks about blockchain. So, is blockchain real or hype?
Everything about it is hype. Most of the banks that claim they will use a private blockchain only needs a shared database for their needs. The developers trying to pitch for those banks to use a "blockchain" are scamming. Banks have no use for a blockchain. If they think they do, use Bitcoin. |
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One of Bitcoin's biggest supporters, Clif High, says Bitcoin is going to be the future of the financial world. Have you guys ever heard of him? He makes some very interesting points about Bitcoin on his YouTube channel. https://www.youtube.com/channel/UCqXZf0F4GLSX1QXBUgPXhqgWhat do you guys think? Did not watch the video and I do not have to. Bitcoin is the future for dark markets, payments for criminal activities online and other not so legal stuff that the banks do not serve. "Mainstream adoption" like what everyone is hoping here is laughable. Wake up, we have something really good here. |
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You are late with the news. All the people think that the Bitcoin and altcoin exchanges are making big money when in fact the opposite is true. Expect for more exchanges to close in the next few years. Doing business in that area has just become too competitive for all those exchanges to make money. Most of them will be gone within a decade. |
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Instead of spamming this thread because we are required to post here by our campaign manager. Maybe we should talk about the other ways on how to help promote Bitsane. If you have a Twitter account or Facebook maybe it might help to post there to help spread more awareness.
Good idea we should promote it on social media through our bitcoin related accounts. Here I have tweeted about it https://twitter.com/CoinsWTF/status/808240743752069121from my 1700 followers Twitter account  I suggest BitSane start a referral program too as an Incentive to users for inviting other to this great exchange♥ A referral program would be great. I would not mind getting a little extra value for promoting the exchange. I have not really looked deeply into Bitsane except playing around with the charts. Do they have margin trading available?Never mind, I see it mentioned in the OP now. This could have good potential to attract users from other exchanges. My suggestion is to offer margin trading for altcoins that are not offered in Poloniex like ETC. Please have ETC available for trading in Bitsane with margin trading also available for it. |
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Very effective anti-virus packages are available for as little as $10 (purchased one just last month from Amazon). Yet, the San Francisco Metro decided that they are too expensive. I guess now they are too happy to pay 7,000x that amount.
What? That is a very simplistic way of looking at things. Almost all Windows users have bought into the scam of antivirus software, yes? Then why are a big percentage of Windows users still a victim of hackers, malware, viruses, trojans, etc...? Did you not think that the whole antivirus industry could be a scam? Seeing how the world works today, it could be. |
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I don't find it useless since they already instantiated two funds.
Lasting a long time=sustainable in my book. I don't know any other definition.
It is certainly not forever if this is what you are getting at. With that, I agree.
When I mentioned "a long time" it means 2 or 3 years. That is not sustainable that is a bubble forming and getting ready to pop when the right time comes. I also mentioned that this is the highest ever amount of margin trading in Bitcoin. How can that can be ever sustainable in your book? In reading your retort, In my book we are close in getting to a stage of mania in the trading cycle. We've already been in a sustainable uptrend for the latest 1.5 years. Not sure what you're talking about. That is the point exactly. What is sustainable? Sooner or later it will end because that is the natural cycle of the market. Maybe it could last up to 10 years but do you really believe it is all really "sustainable"? Nothing is sustainable. History has already showed us countless times that what goes up must come down. I do not know how you can deny that. semantic arguments but according to Merriam-Webster definition#3 for sustainable is: able to last or continue for a long timehttps://www.merriam-webster.com/dictionary/sustainableIs few years a long time? To me, it is, but to OP it isn't... Ok so it is a long time for you. But the argument is "if it is sustainable?" If after a few years it comes crashing down again, would you be able to say then that it is sustainable? I am thinking about the big picture where you can cite the rise and fall of civilizations in the history of the world. That itself shows that nothing is sustainable. |
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Its a bad exposure for bitcoin. Bitcoin can be use for any criminal acts like this one. What do you think what will happen next? Ofcourse the victims of this ransomware will put the blame to bitcoin. Since there is no way to trace the hacker because bitcoin is anonimous. This is bad publicity for bitcoin.
Get over it. Even if there was good publicity for Bitcoin, ordinary people will have no use for it. What will they use it for? To buy coffee in Star Bucks? Their credit card or cash works fine. There is no need to use Bitcoin for that. If you want to buy drugs on the internet, that is a different story. You will need Bitcoin for that. Do you get my point? You just think of bitcoin price, yes i want bitcoin to the moon, but this way is only benefit one party. "Ordinary people" will blame for this, they make sell wall, the price itself free fall and this way is only harm bitcoin itself, just a quick profit. Bitcoin use for as illegal activity is already reportedly spread few years ago, if you see silk road case, bitcoin has fallen although it's just slightly. Although bitcoin can't reach at least 20% population of earth, people nowadays stole a glance to bitcoin. Wake up. Bitcoin and the illegal criminal markets were made for each other. Not only that but ISIS terrorists and others will start using Bitcoin to move value with as little friction as possible. I can foresee that there will be a need for better tumbling services in the near future because we will all need it if you are not even participating in the dark markets. Kidnap for ransom groups will also love Bitcoin because it is easier to get value. We have not seen the last of it because the future of Bitcoin for criminals is really bright. You can say what you want but there will be nothing stopping it. It is the way to the future for Bitcoin. |
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That is probably the dumbest idea I have ever heard of. Plus the second poster saying that it will be good because it will end Chinese "centralization" deserves to be banned just by suggesting it. Have you not learned anything by reading and hanging around in the forum?
But of course this is a troll thread right?
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Its a bad exposure for bitcoin. Bitcoin can be use for any criminal acts like this one. What do you think what will happen next? Ofcourse the victims of this ransomware will put the blame to bitcoin. Since there is no way to trace the hacker because bitcoin is anonimous. This is bad publicity for bitcoin.
Get over it. Even if there was good publicity for Bitcoin, ordinary people will have no use for it. What will they use it for? To buy coffee in Star Bucks? Their credit card or cash works fine. There is no need to use Bitcoin for that. If you want to buy drugs on the internet, that is a different story. You will need Bitcoin for that. Do you get my point? |
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I believe this will have a positive effect on the price of Bitcoin if it infects enough computers with Bitcoin demands reaching over $1m worth of ransoms.
This may increase demand of bitcoin and have positive impact on price of bitcoin but this is criminal offense which bitcoin was never intended to support. We don't need this types of negative use cases for bitcoin just to increase marketcap.Do you not get it? Criminal activities and illegal, underground markets are the perfect playground of Bitcoin as a form of payment. Where you stand and what you think on what should be does not matter and will not matter. The marketcap will increase because of the growing use of Bitcoin in illegal acts. If you believe it is "bad" that Bitcoin's marketcap is increasing because of criminal activities then sell all your coins and leave. But one thing you should not be is a hypocrite. |
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I read an article that the core developers are beginning to open up to the idea of 2mb block sizes. If Segwit does not get implemented we may see 2mb blocks happen. But I am not sure if it is a "0.13.1b segwit 2mb base 4mb weight" like you said or just a straight 2mb block size hard fork.
the article is not dynamic. but FIXED 2mb. you really think core want to let the community have self control and not rely on core to spoonfeed code every few months. What do you mean by that? Self control on what? To my understanding when you are saying "dynamic" you mean dynamic block sizes? If it is only up to 2mb then I believe there is nothing much to manage. I do not get what you mean by core to spoon feed code every few months by having a fixed 2mb block size. Please explain and please give a suggestion on what better way to do it so that there will be no more need to spoon feed code. |
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I don't find it useless since they already instantiated two funds.
Lasting a long time=sustainable in my book. I don't know any other definition.
It is certainly not forever if this is what you are getting at. With that, I agree.
When I mentioned "a long time" it means 2 or 3 years. That is not sustainable that is a bubble forming and getting ready to pop when the right time comes. I also mentioned that this is the highest ever amount of margin trading in Bitcoin. How can that can be ever sustainable in your book? In reading your retort, In my book we are close in getting to a stage of mania in the trading cycle. We've already been in a sustainable uptrend for the latest 1.5 years. Not sure what you're talking about. That is the point exactly. What is sustainable? Sooner or later it will end because that is the natural cycle of the market. Maybe it could last up to 10 years but do you really believe it is all really "sustainable"? Nothing is sustainable. History has already showed us countless times that what goes up must come down. I do not know how you can deny that. |
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I don't find it useless since they already instantiated two funds.
Lasting a long time=sustainable in my book. I don't know any other definition.
It is certainly not forever if this is what you are getting at. With that, I agree.
When I mentioned "a long time" it means 2 or 3 years. That is not sustainable that is a bubble forming and getting ready to pop when the right time comes. I also mentioned that this is the highest ever amount of margin trading in Bitcoin. How can that can be ever sustainable in your book? In reading your retort, In my book we are close in getting to a stage of mania in the trading cycle. |
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I read an article that the core developers are beginning to open up to the idea of 2mb block sizes. If Segwit does not get implemented we may see 2mb blocks happen. But I am not sure if it is a "0.13.1b segwit 2mb base 4mb weight" like you said or just a straight 2mb block size hard fork.
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That is all talk and useless analysis as we have seen in the past. When Bitcoin's price rises we all see the "geniuses" writing anything to join the hype and the bandwagon. When the price drops, those "geniuses" will also be the first ones to write all the negative articles and blogs. Like gold, all of Bitcoin's value leans towards speculative value.
I agree that there is a rally but it is never sustainable. You should be aware that the margin trades made in Bitcoin is at the highest in the history of Bitcoin trading. That is not sustainable but it could last a long time.
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I just read that there is a new kind of ransomware called "Popcorn Time", not related to the torrent client, that demands payment in Bitcoin. If you do not want to pay, you have the option to send a link to other people and if at least 2 of them install the ransomware and make the payment, the keys will be given to you to decrypt your files. The interesting part is the victims become attackers themselves turning it into a self sustaining "collaboration" of different people all in the interest of obtaining the keys to unlock their files. I believe this will have a positive effect on the price of Bitcoin if it infects enough computers with Bitcoin demands reaching over $1m worth of ransoms. https://www.wired.com/2016/12/popcorn-time-ransomware/ |
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This is not needed. SegWit has been tested thoroughly. I don't see how an altcoin adopting and activating SegWit before Bitcoin does help SegWit activation in Bitcoin. Everybody with the slightest bit of technological understanding already knows that SegWit is a great step forward for Bitcoin in terms of capacity and security. It helps because we could see and observe what the effects are in a real world setting and with a risk of potentially losing value. There is a difference in testing inside the testnet and outside of it because the problems go beyond the technical. If Charlie Lee intends to implement their own Lightning Network then the problems could be economical too since it will affect the miner's fees. However, obstructionist racketeer Roger Ver is inaccessible to any reasonable argument. All he wants is to block progress at any cost, because he hopes to profit from the altcoin schemes he is endorsing. But he won't succeed and will be sidelined by the community. Another Hearn-style ragequit is only a matter of time...
ya.ya.yo!
How much Bitcoin is he still holding? I will not be too happy if he rage quits and dumps all his coins in the market, which I heard was a lot. |
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What I can see happening is the government in the US will not make it illegal but make the threat of it to be illegal. They will do this in any industry if the politicians think it maximizes profit for themselves. It also works 2 ways because they can use the threat of pro-Bitcoin legislation against the banks as leverage and another profit maximizing scheme for themselves.
Here we thought that the big mega corporations are the ones bribing the politicians. It is also the other way around where politicians shake down and extort the corporations.
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