ChartBuddy
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May 27, 2015, 11:57:34 PM |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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ChartBuddy
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May 28, 2015, 12:57:35 AM |
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Fiat_Hodler
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May 28, 2015, 01:05:48 AM |
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thankfully price on bitfinex went down and I got some of my orders bought  |
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ChartBuddy
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May 28, 2015, 01:57:41 AM |
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noobtrader
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May 28, 2015, 02:43:23 AM |
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How do you think PoS wouldn't be better for the network? Do you think the average third world person deserves a chance to help secure the network?
Proof of stake serves only to enrich the stakers. You fail it A 1% PoS does not enrich the stakers. And the point is, everyone holding PoS coins can be a staker. What is bitcoin? 10% inflation right now? much higher earlier. half pos and half pow like ppc, i think is best because its still safer thank pos only and harder to do 51% attack than pow. |
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ChartBuddy
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May 28, 2015, 02:57:37 AM |
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ChartBuddy
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May 28, 2015, 03:57:41 AM |
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Cconvert2G36
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May 28, 2015, 04:15:19 AM |
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Professor Stolfi, Is this the Bitcoin Rain scam people, or another Brazilian bitcoin rain?? https://www.youtube.com/watch?v=5LIX1ot9peIIs this really an IBM thing? Seems too amateurish? Cloud buzzword overload. Strange comments from illuminatiman. Generally, what the hell is this  |
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oxiyusuf
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May 28, 2015, 04:33:33 AM |
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would be very nice if today there is a dumper .. so I can buy BTC again at a cheaper price  |
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BayAreaCoins
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Owner at AltQuick.com & FreeBitcoins.com
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May 28, 2015, 04:47:21 AM |
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Finex was hacked.
Small breach they say.
Again? |
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ChartBuddy
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May 28, 2015, 05:00:23 AM |
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Fiat_Hodler
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May 28, 2015, 05:39:44 AM |
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Finex was hacked.
Small breach they say.
Again? no. on may 22nd |
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ChartBuddy
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May 28, 2015, 05:57:38 AM |
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Cconvert2G36
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May 28, 2015, 06:41:33 AM |
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How do you think PoS wouldn't be better for the network? Do you think the average third world person deserves a chance to help secure the network?
Proof of stake serves only to enrich the stakers. You fail it Disagree. Proof of stake enriches the people who are actually taking the risk of holding the coin. Proof of work enriches the electric companies and hardware people. It completely fucks all the average Joes six ways from Sunday. PoW toxic and leaks $ like a sieve. If you want to build Bitcoin to were you can have something to leave for your grandchildren I'm almost 100% sure at this point PoW isn't that thing. What if people that held the most USD, got the majority of the newly printed USD? Sounds pretty bad for avg Joe. With PoW, miners are economically " forced" to sell newly mined coins to the market in order to continue operations and pay power bills. If the amount they can earn is less than they spend... they adjust capacity to reach equilibrium. Sounds about right. |
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ChartBuddy
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May 28, 2015, 06:57:35 AM |
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JorgeStolfi
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May 28, 2015, 07:28:50 AM
Last edit: May 28, 2015, 07:40:24 AM by JorgeStolfi |
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Professor Stolfi, Is this the Bitcoin Rain scam people, or another Brazilian bitcoin rain?? https://www.youtube.com/watch?v=5LIX1ot9peIIs this really an IBM thing? Seems too amateurish? Cloud buzzword overload. Strange comments from illuminatiman. Generally, what the hell is this No it is not the same thing. IBM made a marketing gaffe using that name, but few people knew of the former Bitcoin Rain. (By chance I was in that Campus Party event, for a panel on copyright stuff, and saw the preparations for that stunt. But I had to leave before it actually happened. It was there that I saw the first and so far only bitcoiner in person: a young fellow with a "bitcoin" T-shirt. I carefully stayed out of his way. ) The Bitcoin Rain I was refering to was a bitcoin "investment fund" run by the same person who created the MercadoBitcoin exchange, back in 2011 or 2012. It promised 10% profit *per month*, and collected several thousand BTC from Brazilian investors. Of course it was a ponzi. When one client requested to withdraw his ~1000 BTC, MercadoBitcoin (where the coins were kept) was promptly hacked and "sorry for your loss folks". As in most other bitcoin scams, the victims could not do anything concrete. The creator then sold MercadoBitcoin, and the new owners obviously claimed that they were not responsible for Bitcoin Rain. I only learned of that after I started following bitcoin, in late 2013 or early 2014. EDIT: original announcement of the Bitcoin Rain ponzi on this forum: https://bitcointalk.org/index.php?topic=46750.0A victim's tale (in Portuguese) http://defendaseudinheiro.com.br/a-verdadeira-historia-do-mercadobitcoinNespaper article (in Portuguese): http://www1.folha.uol.com.br/tec/2013/05/1276947-bitcoin-da-prejuizo-e-lucro-reais-a-usuarios.shtml |
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ChartBuddy
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May 28, 2015, 07:57:37 AM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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May 28, 2015, 08:44:21 AM |
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poeple are going ape shit, this can only mean one thing, the next 24 hours are critical
I think that I will HODL... or maybe I will buy a little?  |
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ChartBuddy
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May 28, 2015, 08:57:36 AM |
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