niceman4you
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August 30, 2016, 07:06:59 PM |
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I think the closest Bitcoin competitor is ETHEUM . Even Etheum is unlikely going to beat Bitcoin when you take a look at the current market capitalization of each not to talk more of monero.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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aminorex
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Sine secretum non libertas
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August 30, 2016, 07:24:21 PM |
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[The problem i was addressing was not how many transactions per second a coin can perform, but the total size of the blockchain after having to perform so many transactions along the years. If Monero ever achieved the number of transactions of the Bitcoin network, how many Gigabytes of space do you think it would be required in your hard disk to store the blockchain?
I will leave the calculations for yourself...as this is a comparison between Monero and Bitcoin.
Not enough to bother in any case. Bandwidth costs will bite before terabytes of spinning disk do. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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dinofelis
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August 30, 2016, 08:07:32 PM |
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The problem i was addressing was not how many transactions per second a coin can perform, but the total size of the blockchain after having to perform so many transactions along the years. If Monero ever achieved the number of transactions of the Bitcoin network, how many Gigabytes of space do you think it would be required in your hard disk to store the blockchain?
I will leave the calculations for yourself...as this is a comparison between Monero and Bitcoin.
The calculation is not so difficult. It is estimated that an average monero transaction is of the order of 2 KB. Officially, simple bitcoin transactions are 0.3 KB, but when we look at the chain explorer, we see that we are closer to about 1KB. So grossly, the monero chain, for the same number of transactions, would be between 2 and 8 times larger than the bitcoin chain. That's not a difference in principle. If you can manage to store, say, 5 TB, you can also manage to store between 10 and 40 TB. The scaling laws are the same. That's somewhat like saying one shouldn't use color pictures, because BW pictures only take 1/3 of the place. True, but color pictures are so much better, that the factor 3 is acceptable. With monero, you get privacy and fungibility. You shouldn't underestimate that. These two aspects contribute A LOT to the security of the system. No miner cartel can decide that your coins aren't going to get transferred. No exchange can decide that they will freeze your coins. No drama like ethereum has known is thinkable, because even with collusion of the developers and miners, one wouldn't be able to do a hard fork over "restoring funds" or whatever. Fungible tokens re extremely important for a monetary asset. |
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reb0rn21
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Activity: 1896
Merit: 1024
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August 30, 2016, 08:36:22 PM |
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Monero >Bitcoin
I just want to ask you, do you believe in it by heart with all you $$$, or you are just hopping to dump monero higher? Also your statement have a lot of truth and honesty same as your status: Trust: -2: -1 / +0 Warning: Trade with extreme caution! |
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Azael
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August 30, 2016, 08:53:11 PM |
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I think ETC will replace ETH before XMR replaces BTC.
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twitter.com/erikledgers
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axxo
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August 31, 2016, 12:51:30 AM |
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I think ETC will replace ETH before XMR replaces BTC.
But if you check out the price ETC is sinking rapidly compared to ETH. While XMR will continue to go up, there's 0% chance that could replace BTC. |
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owlcatz
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Merit: 1967
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August 31, 2016, 01:06:51 AM |
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I think ETC will replace ETH before XMR replaces BTC.
But if you check out the price ETC is sinking rapidly compared to ETH. While XMR will continue to go up, there's 0% chance that could replace BTC. Absolutely. ETC is shit, just another scam chain. I got my $ out of it , let it die! XMR will be the future.  Axxo - is that you, the torrent dude? You will need to prove it if so. Good luck and thanks for all if it's really you!  |
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asriloni
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Leading Crypto Sports Betting & Casino Platform
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August 31, 2016, 02:59:10 AM |
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I think ETC will replace ETH before XMR replaces BTC.
But if you check out the price ETC is sinking rapidly compared to ETH. While XMR will continue to go up, there's 0% chance that could replace BTC. ETC will cant replace ETH and XMR will have a chance but only a little,to replace bitcoin it not only need the price to up but also so many factors like how is the coin being used by its users as ordinary cryptocurrency |
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bbc.reporter
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August 31, 2016, 03:38:03 AM |
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I think ETC will replace ETH before XMR replaces BTC.
But if you check out the price ETC is sinking rapidly compared to ETH. While XMR will continue to go up, there's 0% chance that could replace BTC. Absolutely. ETC is shit, just another scam chain. I got my $ out of it , let it die! XMR will be the future. Axxo - is that you, the torrent dude? You will need to prove it if so. Good luck and thanks for all if it's really you! I do not understand. Is it not that ETC is the original chain and ETH is the fork? So there are people who thought of continuing the support for the original chain maybe out of principle or maybe profit, but how can it be called a scam chain when it was Vitalik himself who created it? |
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bitkilo
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https://www.bitcoin.com/
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August 31, 2016, 03:43:57 AM |
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It has a long way to go but could happen one day if the bitcoin devs don't learn how to get along and stop fighting.
Monero doesn't even have a full time team behind it yet so if they can get this far doing it as a side project just imagine how good they could make it working full time on the coin.
Monero to the moon!
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Not a paid signature, just added to promote Bitcoin.com  |
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jbreher
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Activity: 3038
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lose: unfind ... loose: untight
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September 02, 2016, 04:40:31 AM |
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Is it not that ETC is the original chain and ETH is the fork?
Yes. how can it be called a scam chain when it was Vitalik himself who created it?
Haha. That's lulzy. How many $ you think Vitalik lost in the DAO implosion? |
Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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daneranon89
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True Flip ICO: 28 of June 2017
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September 02, 2016, 06:19:33 AM |
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Replacing bitcoin by any altcoin is going to be very hard and it will take a lot of time and effort. Monero sure has it's advantages but I don't think it can actually overtake bitcoins.
And I have seen this question of overtaking bitcoin when there is a pump any altcoins. A coin move uo by 1000 percent and suddenly it's supporters come out and say "yes! we're gonna overtake bitcoins!"
Come on guys! there are other 1000s of coins trying to overtake bitcoin. So just keep trying and may be some day You might.
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bbc.reporter
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September 02, 2016, 07:00:30 AM |
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Is it not that ETC is the original chain and ETH is the fork?
Yes. how can it be called a scam chain when it was Vitalik himself who created it?
Haha. That's lulzy. How many $ you think Vitalik lost in the DAO implosion? Nothing. That is why I think the person I was replying to got it mixed up. He said that ETC was the scam chain and that ETH is not. But is it not that ETH is the fork that has rolled back transactions and ETC is the original and an untouched blockchain? Then how could ETC be the scam? It did nothing but live on because there are still some supporters who believe in it. |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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September 02, 2016, 07:33:27 AM |
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The question is not whether Monero can replace Bitcoin, but whether Bitcoin can compete in the areas of fungibility, privacy, governance. It can't. Those features of Monero are out of reach, in practice. Similarly Monero can't compete in transparency, traceability, and graph analysis. Where those features are adaptive, Bitcoin clearly outshines Monero.
What I find interesting is whether the punters will entrust their privacy to the operatives and the cut-out implementing Zcash. I won't, but some will be beguiled by the pretty moon math, so pumpers will use that.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Reid
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September 02, 2016, 09:49:26 AM |
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I think it would be better if monero folks stop spamming Bitcoin forum !
He isn't a Monero folk, just a reverse troll like generalizethis pointed out. In addition: RIP MONERO
Hello scammer, good coin and i think monero and drk are really fucked soon  starting to think to sell my xmr
MY LIFE IS SHIT!! 
Karma.I hope your life stays shit, people like you derserve it. Cool strategy. Might want to consider this in the future. Playing with people minds. Idiots will surely take the bait. But here? I dont think so. Too many genius wanna be here and think they are far greater than anyone. |
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btc_zero_sum
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September 02, 2016, 01:42:48 PM |
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LOL i can see dealers compiling monero wallet on command line between a lines of coke
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obit33
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September 02, 2016, 01:47:32 PM |
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LOL i can see dealers compiling monero wallet on command line between a lines of coke
Still better than looking up their bitcoin balance from jail I would think... |
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DarkLurker
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Activity: 33
Merit: 0
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September 02, 2016, 02:05:22 PM |
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LOL i can see dealers compiling monero wallet on command line between a lines of coke
Still better than looking up their bitcoin balance from jail I would think... What jail are you talking about? The cryptonohope protocol? |
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obit33
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September 02, 2016, 02:16:09 PM |
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LOL i can see dealers compiling monero wallet on command line between a lines of coke
Still better than looking up their bitcoin balance from jail I would think... What jail are you talking about? The cryptonohope protocol? Very funny remark, I gotta say, very original too, kudos. But I was actually talking about things like this: https://www.chainalysis.com/I know a fair bit about datamining, if you think a public ledger will give you privacy, think again... Best regards, |
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Digitalbitcoin
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September 02, 2016, 02:38:52 PM |
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Hello,
I spend full half hour to read this full thread, reason you all might know ! Fame of Monero.
I personally believe in blockchain technology. Bitcoin or any other altcoin is a formulation of cryptography and blockchain.
Second thing we must have to consider as these are P2p currencies. Means without network nothing will be there. And as network increases importance and value of coins increases. Same as demand and supply also perform important role.
But as you everyone know that how much was price of bitcoins initially. As per my thinking firstly when it start generating no one believe in this concept and technology, as it prove its value everyone going towards blockchain technology.
In example of bitcoin people creates its value. People means certain community. But as blockchain gives convenient solution for decentralization, it supports a lot more addition advantages.
Same way if anyone go beyond total supply things could be change.
Even in future any of altcoin will get more value than current bitcoins price.
But Bitcoin will be always memorable as It was first successful experiment of cryptography and blockchain.
.......So finally.
Anything can happen.
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