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Author Topic: [2015-12-23] Bitcoin Cracks 100 Million Transactions, Comes of Age  (Read 349 times)
LiteCoinGuy (OP)
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December 23, 2015, 07:57:28 PM
 #1

Bitcoin Cracks 100 Million Transactions, Comes of Age

Bitcoin, the world’s most famous cryptocurrency, is poised to reach a major milestone before the end of the year: 100 million transactions. As of the morning of December 23, it sits at 99.7 million, with the landmark due in the next two days, and for a virtual currency that has the support of no central bank or government, it’s a remarkable feat.

http://panampost.com/adam-dubove/2015/12/23/bitcoin-cracks-100-million-transactions-comes-of-age/

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Zaducis
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December 23, 2015, 08:57:25 PM
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It is an important mile stone for the 100 million transactions. But more of the transactions are dust and so called stress test. Maybe the next 100 million transactions will be more important.

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December 26, 2015, 09:29:43 AM
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This concept of stress test made me think of how traditional finance ecosystem Stress tests appeared to be their recursive bubble busts.

Curiously though, when government goes out to rescue banks they do "stress tests". What the.....

But, yes, stress test as it was called in the bitcoin world seems a good paralell exercise.... besides what devs do in testnet.

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December 27, 2015, 06:53:13 AM
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It is an important mile stone for the 100 million transactions. But more of the transactions are dust and so called stress test. Maybe the next 100 million transactions will be more important.

You also have transfers within wallets. Smiley
I wonder what portion of these 100 million transactions would be gambling transactions? My guess is a significant number.


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December 27, 2015, 07:44:59 AM
 #5

It is an important mile stone for the 100 million transactions. But more of the transactions are dust and so called stress test. Maybe the next 100 million transactions will be more important.

You also have transfers within wallets. Smiley
I wonder what portion of these 100 million transactions would be gambling transactions? My guess is a significant number.

In the old days, most of the transactions are related to gambling and drug transactions. The proportion has dropped a lot.


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