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logictense
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February 25, 2017, 09:09:31 PM |
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R3 Admits Defeat, Stops Blockchain Development
R3CEV, the largest blockchain consortium of banks and technology firms includng multi-billion dollar institutions such as Barclays, Credit Suisse, Bank of America, Citibank and HSBC, officially admitted defeat and moved on from blockchain technology development.
Over the past two years, various consortia and bank-funded blockchain startups raised billions of dollars to utilize blockchain technology in optimizing the global financial network. The vast majority of developers of actual cryptographic and open source projects such as bitcoin and Monero have explicitly stated that the utilization of centralized blockchain networks isn’t efficient due to their severe security flaws.
More importantly, blockchain technology isn’t structured to handle millions of data sets and hundreds of millions of data points in real time. In fact, one limitation of bitcoin as a digital currency is its inability to facilitate massive amounts of transactions faster, like a settlement network to be critical. However, bitcoin users, companies and developers aren’t pushing for reckless developments on top of bitcoin to ensure appropriate security measures are maintained.
In a presentation about the R3 Corda, R3CEV engineers, developers and researchers stated “No ‘block chain’ because we don’t need one,” admitting that the utilization and implementation of blockchain doesn’t fit their vision and more importantly, technological compatibility.
The global financial industry, network and ecosystem are in urgent need of an overhaul of infrastructure and architecture. It is very difficult for anyone to facilitate payments efficiently through bank systems and regulated financial networks.
R3CEV still maintains a development team of high technological knowledge, foundation and experience. With its team of talented blockchain and bitcoin developers, the R3 consortium will be able to come up with a piece of software or financial network that could most likely drastically improve the global financial industry. However, blockchain technology isn’t what the consortium needs because it simply can’t be implemented into fully regulated markets without tampering with security measures of blockchain technology.
In the upcoming months, the R3 Corda and the R3 development team will allocate its resources in developing a platform that is compliant and compatible with industry-standard protocols such as AMQP, JDBC and PKIX, while sustaining a close relationship with regulators to avoid any potential regulatory conflicts.
Ever since its launch, the R3 consortium has emphasized the processing of massive volumes of data and maintenance of a transparent and immutable network of financial operations. It is certainly a smart decision to move on from blockchain technology which the consortium has failed to implement and commercialize in a large scale.
Peter Todd, Bitcoin Core developer and well renowned cryptographer, consistently criticized the efficiency of R3 Corda and the R3 Consortium’s other blockchain platforms. He described it as “bitcoin without blockchain.”
Now, the R3 Consortium and its developers can have the freedom to work on whichever software or technology they believe are most relevant in solving the global financial industry’s major problems.
Could you post the source? No, that retard is smelling some heavy shit and pulling walls of bullshit like a spam bulldozer. Im afraid hes in a state of denial. |
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Jack Liver
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February 26, 2017, 03:03:19 PM |
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magpr
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February 26, 2017, 05:57:55 PM |
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Great video, hard fork voting will be released in the spring on mainnet and Decred will make a revolution in the world of cryptocurrencies during this year. Finally come true for a long time developed Dcred innovative features and it will go in the top 10 best crypto coins. |
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liputin
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February 26, 2017, 08:21:01 PM |
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is it me or is decred on same pattern as ethereum was 2016?? look at this daily Chart and compare, jan-feb 2016(eth) - and jan-feb 2017(dcr), in my opinion we are at first wave still.. https://i.imgur.com/pAZ0Fxg.png |
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Nihil5
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February 26, 2017, 08:31:00 PM |
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is it me or is decred on same pattern as ethereum was 2016?? look at this daily Chart and compare, jan-feb 2016(eth) - and jan-feb 2017(dcr), in my opinion we are at first wave still.. https://i.imgur.com/pAZ0Fxg.pngMost of the spikes correspond to specific events, like the marketing last month before the news about them talking at some conference (or more often just people trying to pump it for a quick buck). Any similarities you find with graphs on other coins are coincidental, the price will probably keep spiking, dropping and slowly stabilising higher over time until it finally starts being used as a payment method. At the moment DCR isn't really being used, the price is controlled by what people are willing to pay to invest in it. There's no point trying to find patterns in something like that. |
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altcoiner555
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February 26, 2017, 08:43:35 PM |
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is it me or is decred on same pattern as ethereum was 2016?? look at this daily Chart and compare, jan-feb 2016(eth) - and jan-feb 2017(dcr), in my opinion we are at first wave still..  Most of the spikes correspond to specific events, like the marketing last month before the news about them talking at some conference (or more often just people trying to pump it for a quick buck). Any similarities you find with graphs on other coins are coincidental, the price will probably keep spiking, dropping and slowly stabilising higher over time until it finally starts being used as a payment method. At the moment DCR isn't really being used, the price is controlled by what people are willing to pay to invest in it. There's no point trying to find patterns in something like that. Market structure is not coincidental, if that was the case technical analysis would not work. Decred is being used as much as other asset that have market caps many multiples higher, and has equal and in many cases much more development. |
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Nihil5
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February 26, 2017, 09:07:50 PM |
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is it me or is decred on same pattern as ethereum was 2016?? look at this daily Chart and compare, jan-feb 2016(eth) - and jan-feb 2017(dcr), in my opinion we are at first wave still.. https://i.imgur.com/pAZ0Fxg.pngMost of the spikes correspond to specific events, like the marketing last month before the news about them talking at some conference (or more often just people trying to pump it for a quick buck). Any similarities you find with graphs on other coins are coincidental, the price will probably keep spiking, dropping and slowly stabilising higher over time until it finally starts being used as a payment method. At the moment DCR isn't really being used, the price is controlled by what people are willing to pay to invest in it. There's no point trying to find patterns in something like that. Market structure is not coincidental, if that was the case technical analysis would not work. Decred is being used as much as other asset that have market caps many multiples higher, and has equal and in many cases much more development. What is DCR being used for currently? You also aren't looking at market characteristics, and whether or not technical analysis works is highly questionable. It's considered a pseudoscience for a reason, and even then an actual technical analysis is more in depth than comparing chart patterns. What you have done is compare two parts of completely different graphs, stated they look similar and therefore will probably follow the same pattern. That simply is not true. I like DCR, it looks like a cool currency and I'm sure it will do well long term, but it's price is going to be impacted by news releases and (eventually) it's adoption rate. It isn't just going to magically follow the curve of another currency, that was released under different circumstances. |
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altcoiner555
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February 26, 2017, 09:14:47 PM |
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Easy 2x/3x from here in the shorterm, regardless of pedantic noobs.
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Nihil5
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February 26, 2017, 09:25:56 PM |
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Easy 2x/3x from here in the shorterm, regardless of pedantic noobs.
I don't necessarily disagree with you about DCR increasing in value, and don't take it personally, I'm just offering some advice. If you invest money by examining past trends of a different currency you're going to be in for a world of hurt. |
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liputin
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February 26, 2017, 09:49:17 PM |
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Easy 2x/3x from here in the shorterm, regardless of pedantic noobs.
I don't necessarily disagree with you about DCR increasing in value, and don't take it personally, I'm just offering some advice. If you invest money by examining past trends of a different currency you're going to be in for a world of hurt. fair enough, i tend to agree with you. i just couldnt ignore how Chart Timing similar it looks. |
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Alexoz
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February 27, 2017, 12:42:25 AM |
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Decred will go over $10 easy
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Praxis
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February 27, 2017, 10:45:15 AM |
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What is DCR being used for currently?
For storing value, and for payments (to a much lesser degree), just like Bitcoin. |
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Jack Liver
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February 27, 2017, 12:44:27 PM |
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on-chain governance is the killer app of deCRED  |
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rotzbouf
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February 27, 2017, 07:26:35 PM |
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decred is going up for sure, we had recently a nice high around 3,5$. and i´m sure this was only a very small indication of decred potential. I won´t be surprised to see it over 5$ constantly by the end of the year.
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synthgauge
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February 27, 2017, 07:59:31 PM |
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Yeap not bad. It got too much eye hurting blur and special effects, would u mind to edit half of that shit out of the trailer and reupload it? At one moment I thought that ur video could stop the light like a black hole. Cant think of anything that would be darker and more ill-defined than ur bitchy clip. |
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Jack Liver
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February 27, 2017, 10:32:47 PM |
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the video doesn't belong to me was posted in the slack, smoke some pot maybe can help  |
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trader19
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February 27, 2017, 10:37:24 PM |
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the video doesn't belong to me was posted in the slack, smoke some pot maybe can help haha good answer. golden |
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dasgardo87
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February 28, 2017, 12:02:19 AM |
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hello i just mining decred using cpuminer-opt with suprnova pool but somehow it's not getting properly, my question is , what is wrong?
this is my setting, can someone tell me whats wrong with my setting??
./cpuminer -a blake -o stratum+tcp://dcr.suprnova.cc:2252 -u xxxxx.satu -p satu -t 7
thanks
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