Bitcoin Forum
April 26, 2024, 09:34:56 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 [472] 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 ... 1231 »
  Print  
Author Topic: | STRATIS | The first blockchain developed for businesses |Full POS  (Read 1890780 times)
Shy_Bladder
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
December 20, 2016, 09:18:39 PM
 #9421

Quote
Who cares?  This is going to be open source.  Why would any entity use anything related to this coin?  They'll fork it and use it in house if they decide  to implement the technology.

Here's a quote regarding that question from the unofficial Stratis AMA on reddit:

“The first principle of Stratis is to make things easier on the business customers that they are targeting. So, if you are a company who decides they need a blockchain, or a blockchain app, you may not know anything about how to securely set up a blockchain, or what coin software to clone. Furthermore, you may have no idea what to do if there is a bug in your blockchain code. So you have a barrier to entry: you need to find and hire blockchain developers. Because this is a new field, you are going to have difficulty finding developers who are experienced in blockchain development in your area, and the ones you do find may be very expensive to hire. However, you probably as a company have some general c# developers that can understand basic bank account style operations - checking balance, sending money, receiving money.

Now, once you have chosen your blockchain software, you have to set up servers that run the software, and if they are insecure, someone could mess with your blockchain. If you build a blockchain that is mission critical, say a decentralized clearing house between two fintech companies, then this could have economic consequences if your blockchain setup has a security problem.
So given these risks and costs, it is appealing to have a product that promises to be secure and easy. Now you just pay some money and the blockchain is created for you with Stratis, and your developers can focus on building the application that uses the blockchain.
And yes, if you use Stratis, you'll have some example code that does some things that you need, and whenever Stratis releases new features, your sidechain will be able to pull those code changes in. So you let Stratis worry about developing new chain features and security of the blockchain, and you focus on your apps.”



Quote
How is there any value gained from this coin? 

Again I quote a reply from the AMA which answers a question similar to yours:

"The main purpose of Stratis is to make it easy for businesses to use the blockchain. The plan for this is to (1) use C# language, which is dominant in businesses, instead of c++ like bitcoin (2) make it so that businesses don't have to handle the details of setting up a blockchain because they can do it on a simple website (3) provide consultancy support, so that businesses have experts to turn to for help.

When they are successful at getting businesses to use the platform, the business will need to purchase Stratis to give value to the side chains that they want to create.
So right now there is a total of around 98 million Stratis in circulation. If a company wants to have a side chain with 1 million tokens on it, they need to have 1 million Stratis, they lock it, and these tokens are moved to the side chain. If the side chain remains running permanently, these tokens will be out of circulation permanently.
So, the point I am making is that the more businesses that create side chains, the less stratis there will be in circulation, which would create a scarcity effect.

This might result in a situation where every time a new business deal with Stratis and a new company is announced, the price of Stratis spikes in expectation of increased scarcity.
If you consider where the money is, alt coin investors is a small amount of money, but business deals can be a large amount of money, measuring in millions of dollars for technology based solutions."

If you want to read more from the AMA here is the link:

https://www.reddit.com/r/stratisplatform/comments/5fdmr4/ama_stratis_questions_and_answers_about_stratis/
1714124096
Hero Member
*
Offline Offline

Posts: 1714124096

View Profile Personal Message (Offline)

Ignore
1714124096
Reply with quote  #2

1714124096
Report to moderator
1714124096
Hero Member
*
Offline Offline

Posts: 1714124096

View Profile Personal Message (Offline)

Ignore
1714124096
Reply with quote  #2

1714124096
Report to moderator
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714124096
Hero Member
*
Offline Offline

Posts: 1714124096

View Profile Personal Message (Offline)

Ignore
1714124096
Reply with quote  #2

1714124096
Report to moderator
1714124096
Hero Member
*
Offline Offline

Posts: 1714124096

View Profile Personal Message (Offline)

Ignore
1714124096
Reply with quote  #2

1714124096
Report to moderator
1714124096
Hero Member
*
Offline Offline

Posts: 1714124096

View Profile Personal Message (Offline)

Ignore
1714124096
Reply with quote  #2

1714124096
Report to moderator
Poly Coins
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
December 20, 2016, 09:36:53 PM
 #9422

So, if any corporation can just fork the coin code and be done with it , why didn't Microsoft just forked Ethereum, but instead just integrated it into their full BaaS offfering?
tooth_fairy
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
December 20, 2016, 09:39:09 PM
 #9423

So, if any corporation can just fork the coin code and be done with it , why didn't Microsoft just forked Ethereum, but instead just integrated it into their full BaaS offfering?

because they don't know how to do it haha

█ Districts █ 3D Blockchain Platform  █ ICOBounty
scam_exposer
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


Keeping People Honest - Don't Get Scammed


View Profile
December 20, 2016, 09:41:18 PM
 #9424

I'm done here.  Enjoy.

99.999999999999999999999999999999999999999999999999% of all ICO's are SCAMS
dleader
Hero Member
*****
Offline Offline

Activity: 592
Merit: 500


View Profile
December 20, 2016, 09:42:16 PM
 #9425

IMO it will hinge on incentives.

Incentivised chains offer more security than private chains, Microsoft could have forked it but that doesn't mean they will get the network security with it.

Private banks will have to constantly keep threats away from their small internal chains. They should incentivized the populace to secure it.
cryptosack
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
December 20, 2016, 09:48:35 PM
 #9426

scam-exposer says it in a harsh way but he is right, however not 100%.
I wouldn´t be so hard to say scam, it´s more a very naiv and awkward team whose ideas and wide-eyed strategy is far away from real world bussiness.
Targeting the corporate world isn´t a bad idea and an expertise in this field is needed.
Realistically this could work very well for at least 1 or 2 years maybe in an optimistic way 3 years

But instead speaking or attracting the corporate world now and even gaining feedback in an early stage, this guys try to goldplate products (btw. a typical narcisstic tech behavior in the startup world),
meanwhile smarter guys make use of github and and bring in the harvest.

as I said before, get out of the cellar!
dleader
Hero Member
*****
Offline Offline

Activity: 592
Merit: 500


View Profile
December 20, 2016, 09:53:13 PM
 #9427


Ya man we just discussed all that for over an hour. 

Thanks for the recap.

cryptosack
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
December 20, 2016, 10:11:26 PM
 #9428


Ya man we just discussed all that for over an hour. 

Thanks for the recap.



yes but the final part is missing

CTA

https://en.wikipedia.org/wiki/Call_to_action_(marketing)
D3m0nKinGx
Hero Member
*****
Offline Offline

Activity: 1638
Merit: 507


The snake which cannot cast its skin has to die


View Profile
December 20, 2016, 10:12:48 PM
 #9429


Ya man we just discussed all that for over an hour. 

Thanks for the recap.



yes but the final part is missing

CTA

https://en.wikipedia.org/wiki/Call_to_action_(marketing)

CTA = Make sure you're updated to the latest wallet Cheesy

.
.
.
▬◇
▬◇▬◆
▬◇▬◇▬◆
.
.







███
███░░░███
███░░░░░░░░░███
███░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░███
███░░░░███░░░░░░░░░░░░░░░███░░░░███
███░░░░░░░░░███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░███░░░███░░░░░░░░░███
███░░░░░░░░░███░░░░░░░░░███
███░░░░███░░░░░░░░░░░░░░░███░░░░███
███░░░░░░░░░███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░███░░░███░░░░░░░░░███
███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░░░░░░░███
███░░░░░░░░░███
███░░░███
███
.
.
.
◇▬
◆▬◇▬
◆▬◇▬◇▬
.
.
DaddyH
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
December 21, 2016, 12:01:03 AM
 #9430

scam_exposer while possibly well intended (most of the time) is way off the mark on this.

Despite being provided with sensible answers and sound logic he still can't stop using the 'S' word (scam). What really bothers me is that when asked what coins he does back or believe in. He ignores the question. It's almost like he is 100% intent on labelling this project a scam irrespective of any reason. He is also unable to accept that just because he can't see the value in a project, it is therefore a scam. Such inflammatory accusations just reflect badly on him. So let's not waste more time responding to this guy. He has an agenda and it isn't saving the world from scams.

◇◆  STRATIS  ◇  BLOCKCHAIN SOLUTIONS  ◆◇
◇◇◆ BLOCKCHAIN AS A SERVICE [BAAS] PRIVATE CHAINS ◆◇◇
| FULL NODE GITHUB | STRATIS WEBSITE | FORUM THREAD |
coinbag
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
December 21, 2016, 02:08:03 AM
 #9431

Hey guys - quick heads up;

Anyone wanting info on Stratis, please join the Slack chat. (The non-remedials)  Smiley

Congrats on Polo add btw, looking forward to December's milestones!
D3m0nKinGx
Hero Member
*****
Offline Offline

Activity: 1638
Merit: 507


The snake which cannot cast its skin has to die


View Profile
December 21, 2016, 04:29:52 AM
 #9432

Hey guys - quick heads up;

Anyone wanting info on Stratis, please join the Slack chat. (The non-remedials)  Smiley

Congrats on Polo add btw, looking forward to December's milestones!

Moжнo ccылкy нa чaт. Cпacибo.

http://stratisinvite.herokuapp.com

вы paдyшны

.
.
.
▬◇
▬◇▬◆
▬◇▬◇▬◆
.
.







███
███░░░███
███░░░░░░░░░███
███░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░███
███░░░░███░░░░░░░░░░░░░░░███░░░░███
███░░░░░░░░░███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░███░░░███░░░░░░░░░███
███░░░░░░░░░███░░░░░░░░░███
███░░░░███░░░░░░░░░░░░░░░███░░░░███
███░░░░░░░░░███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░███░░░███░░░░░░░░░███
███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░░░░░░░███
███░░░░░░░░░███
███░░░███
███
.
.
.
◇▬
◆▬◇▬
◆▬◇▬◇▬
.
.
jwiz168
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000



View Profile
December 21, 2016, 05:00:54 AM
 #9433

Stratis now on cruise control mode. Until the next development will be announced , we will expect a see saw effect on the price.
VintageBazaar
Sr. Member
****
Offline Offline

Activity: 623
Merit: 279


Hope & Positivity are keys to Success


View Profile
December 21, 2016, 06:32:43 AM
 #9434

HOT OFF SLACK

 chris_stratis
@channel: Its with great pleasure that I can announce, Ledger Wallet are integrating Stratis!
Posted in #generalToday at 1:35 AM

https://www.ledgerwallet.com/

 Smiley

Believe in the impossible and make it Possible.
CryptoWiz420
Hero Member
*****
Offline Offline

Activity: 564
Merit: 516


View Profile WWW
December 21, 2016, 06:45:37 AM
 #9435

Here is the meat and potato's.  Stratis is open source as it should be.  I'm not denigrating the technology.  Dorier is a spectacular developer.  He's awesome.  There is no denying his coding skills.  They are proven.  I'm not disputing that fact.  What I am disputing is any financial gain from holding Stratis coins.  Why would any company, and they claim-to be targeting the corporate market, buy coins from the bag holders when they can fork the open source solution and amend it to their needs?

What possible incentive do they have to even bother with the existing chain?  Think about that.  That logic applies to all of the other open source platforms that these scammers are shilling.  Why use an existing chain when it's open source?  Answer that question.  You can't.  

Simple not all companies will have a tech team to fork and develop their own version. So they'll want to hire in this case Stratis Consultancy to develop/administer/support the Blockchain/app at the technical level, rather than hiring their own in-house team. Many companies contract 3rd parties for various company projects and goals. It's significantly cheaper hiring an outside Service Provider than having someone internally on the company payroll.
You're obviously naive.   C# is one of the easiest OOP languages to learn.  There are hundreds of thousands of people more than capable of programming in C# just in the state of New York.  It's nothing special.  The reason nobody's ported bitcoin to C# is because they're making money doing other things.  You could make a bitcoin daemon in Fortran.  It doesn't mean it's any better than what's already out there.  There is already a coin written in Pascal.  And I bet if someone wanted to waste the time they could do it in many other languages.  Pascal is one that comes to mind because there is a coin written in that language.  It doesn't make it any kind of game changer.
I don't see the need for a bitcoin client written in C#.  You can run the current bitcoin daemon and access it with RPC calls.  Why reinvent the wheel?  A C# implementation of the bitcoin daemon achieves basically nothing.
Nothing to see here.  But feel free to contribute your bitcoin for nothing.  Might as well just book a flight to Las Vegas and play Roulette.  Because your're not investing your gambling.
  

Something else either you had an oversight on or don't get the concept:
 
Also, by forking Stratis code base and utilizing it internally they do not benefit from the security and the decentralization provided by the Strat blockchain so they may may as well just use SQL.

Privatizing the blockchain using their own devs doesn't provide security measure of a decentralized network. Regardless if they know/can code C# or any other language for that matter.

You miss the point, it's about how it's used on the application level where the dominant corporate business software language is in C#, Therefore it makes rapid application development to port to bitcoin much more efficient and secure for the service the blockchain is provided for. Why try porting Java applications to C++, rather than Java to Java, so and so forth. like you said don't reinvent the wheel, it's not reinventing, it's adapting Smiley

You are completely missing the point that anyone can fork and make their own decentralized public blockchain as well... not just private.

Get PUNZ now
PUNZ: Making Crypto Great Again. Swap Many Coins To Punz, FREE!
akosipepot
Sr. Member
****
Offline Offline

Activity: 377
Merit: 252


View Profile
December 21, 2016, 08:50:52 AM
 #9436

its looks like that the price trend is going to down.I just hold my coin for a while although that i already a have a lose with this but i just trust. hope the price in next year will increase.
D3m0nKinGx
Hero Member
*****
Offline Offline

Activity: 1638
Merit: 507


The snake which cannot cast its skin has to die


View Profile
December 21, 2016, 10:39:49 AM
 #9437

its looks like that the price trend is going to down.I just hold my coin for a while although that i already a have a lose with this but i just trust. hope the price in next year will increase.

Holding is the best option in Alts if ppl realize not to sell. if you have 10,000 Strats @ 8K sats @ $800/BTC, it's much better than 10,000 Strats @ 7K sats @ $800/BTC Wink  right?  Wink

.
.
.
▬◇
▬◇▬◆
▬◇▬◇▬◆
.
.







███
███░░░███
███░░░░░░░░░███
███░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░███
███░░░░███░░░░░░░░░░░░░░░███░░░░███
███░░░░░░░░░███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░███░░░███░░░░░░░░░███
███░░░░░░░░░███░░░░░░░░░███
███░░░░███░░░░░░░░░░░░░░░███░░░░███
███░░░░░░░░░███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░███░░░███░░░░░░░░░███
███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░░░░░░░███
███░░░░░░░░░███
███░░░███
███
.
.
.
◇▬
◆▬◇▬
◆▬◇▬◇▬
.
.
poloniexwhale
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
December 21, 2016, 11:21:24 AM
 #9438

As I said months ago, we are on Poloniex. My whales friends seek the best chance to buy, stay tuned. Thousands of bitcoin will flow in. 

D3m0nKinGx
Hero Member
*****
Offline Offline

Activity: 1638
Merit: 507


The snake which cannot cast its skin has to die


View Profile
December 21, 2016, 12:22:30 PM
 #9439

As I said months ago, we are on Poloniex. My whales friends seek the best chance to buy, stay tuned. Thousands of bitcoin will flow in. 

Guys, hold your coins, I will drive Stratis rocket to 20k sat, fasten your seat belt.

K, still waiting Smiley

.
.
.
▬◇
▬◇▬◆
▬◇▬◇▬◆
.
.







███
███░░░███
███░░░░░░░░░███
███░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░░░░░░░███
███░░░░░░░░░░░░░░░░░░░░░███
███░░░░███░░░░░░░░░░░░░░░███░░░░███
███░░░░░░░░░███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░███░░░███░░░░░░░░░███
███░░░░░░░░░███░░░░░░░░░███
███░░░░███░░░░░░░░░░░░░░░███░░░░███
███░░░░░░░░░███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░███░░░███░░░░░░░░░███
███░░░░░░░░░███░░░░░░░░░███
███░░░░░░░░░░░░░░░███
███░░░░░░░░░███
███░░░███
███
.
.
.
◇▬
◆▬◇▬
◆▬◇▬◇▬
.
.
BitPotus
Hero Member
*****
Offline Offline

Activity: 1050
Merit: 604


View Profile
December 21, 2016, 12:38:17 PM
 #9440

As I said months ago, we are on Poloniex. My whales friends seek the best chance to buy, stay tuned. Thousands of bitcoin will flow in. 

tell your whale friends to wait for a bit please.

I am not done accumulating.

thank you
Pages: « 1 ... 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 [472] 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 ... 1231 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!