fortune143
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Activity: 87
Merit: 13
favours the true
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December 04, 2015, 08:19:16 PM |
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Jorge you are an uber-troll!! The whole point of blockchain(s) is trust-less-ness sure banks already use an internal "blockchain" that more and more people trust less and less (guess why...  ) Now a good and robust blockchain only needs alot of computing powerQ1 and what is the best way to convince people to offer their computers power to the network? answer: to get payed by doing so!!!! (aka miners) Q2 what is currently the best blockchain to trust? answer: Bitcoins blockchain , (because it has the biggest hashrate) simple as that... now go teach , because you know what they are saying about those who can't do... Sorry but this is not true. Proof of work is one way of securing a blockchain, however proof of stake blockchains do not require a lot of computing power at all and I can think of at least two POS currencies which have robust blockchains. If banks and other entities with massive resources are doing researching Bitcoin and developing their own blockchain technologies, then who knows what proof-of-? method they will use to power their blockchains. |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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nioc
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Activity: 1624
Merit: 1008
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December 04, 2015, 09:01:12 PM |
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Squeaky wheel worked, you now have one confirmation  All day the blocks have been quite full and the transactions I looked at, obviously a small sample, looked legit. No need to change anything guys, it's all OK  |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 04, 2015, 09:01:24 PM |
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var53
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December 04, 2015, 09:11:39 PM |
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...
So, I know I don't know much about patents, but it sounds like this would also act as a patent on bitcoin almost? just simply changing the name...?
Sounds like http://coloredcoins.org/ but proprietary? Not sure exactly what they're hoping to patent (hardware? wallets? protocol? sounds so vague and overbroad, like a patent application for "everything crypto"). Could it be just a legal maneuver, to contest other crypto patents filed at a later date? I'm confused  Yes because most crypto has been open source up to now. They will no doubt attempt to patent every slight tweek to existing crypto that they can think of, and keep their patents so vague that they can sue anyone who makes a few minor changes to any existing coin. I hope the patent examiners refuse them their patent application. |
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Meuh6879
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Activity: 1512
Merit: 1011
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December 04, 2015, 09:42:22 PM |
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Just a couple of buyers ... discover Bitcoin.  |
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Cconvert2G36
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December 04, 2015, 09:51:07 PM |
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Just a couple of buyers ... discover Bitcoin. And shortly thereafter discover this censhoreship free network is only for high value Central Bank reserve settlement.  #1MB4EVA #gavinREKT #replacebyFIST #hdBOOM #popescutoldmeSO |
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peonminer
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December 04, 2015, 09:53:00 PM |
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Has Bitcoin ever trended up on the weekend??
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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December 04, 2015, 09:54:50 PM |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 04, 2015, 10:00:51 PM |
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Hyperjacked
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Activity: 1610
Merit: 1119
It's all mathematics...!
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December 04, 2015, 10:33:29 PM |
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Has Bitcoin ever trended up on the weekend??
Hmmm...really? Gonna be a Fun weekend! |
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Hyperjacked
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Activity: 1610
Merit: 1119
It's all mathematics...!
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December 04, 2015, 10:37:26 PM |
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Hi bears...sup? Leveraged anyone? Disclaimer:margin calls are gonna be da fuel dat pumps dis to da moon! |
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Cconvert2G36
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December 04, 2015, 10:45:20 PM |
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Hi bears...sup? Leveraged anyone?
Disclaimer:margin calls are gonna be da fuel dat pumps dis to da moon!
Margin shorts on BFX are less than half of what they were for last month's euphoria filled run. Feels like directionless chop for a while until a whale wants to do something exciting. |
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brg444
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December 04, 2015, 10:51:11 PM |
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Hyperjacked
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Activity: 1610
Merit: 1119
It's all mathematics...!
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December 04, 2015, 10:53:15 PM |
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Hi bears...sup? Leveraged anyone?
Disclaimer:margin calls are gonna be da fuel dat pumps dis to da moon!
Margin shorts on BFX are less than half of what they were for last month's euphoria filled run. Feels like directionless chop for a while until a whale wants to do something exciting. Still leverage in the hands of amateurs is gonna fuel the rocket ship! Not making a call based on current numbers...just basic chaos within the parameters! |
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ChartBuddy
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Activity: 2156
Merit: 1745
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December 04, 2015, 11:00:54 PM |
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600watt
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Activity: 2338
Merit: 2106
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December 04, 2015, 11:13:49 PM |
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some guys have all the luck... |
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LFC_Bitcoin
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Activity: 3514
Merit: 9498
#1 VIP Crypto Casino
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December 04, 2015, 11:32:17 PM |
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Good to see the price staying strong above 350. Hopefully that can act as some kind of new bottom even over the weekend.
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r0ach
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Activity: 1260
Merit: 1000
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December 04, 2015, 11:41:46 PM |
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Sorry but this is not true. Proof of work is one way of securing a blockchain, however proof of stake blockchains do not require a lot of computing power at all and I can think of at least two POS currencies which have robust blockchains.
Technically all non-open entropy, proof of stake coins are permissioned ledgers. These type of chains will exist in the future for a variety of purposes, but it appears Bitcoin is unstoppable as the main monetary unit now. They have no use for bitcoin or any other cryptocurrencies. If they had, they would use some closed centralized "currency" like Ripple.
The bitcoin blockchain is a lousy and terribly inefficient data structure. A system like DPoS is what they will end up using for a ledger that can be accessed by the outside public while preventing attack by owning a majority of stake between banks/financial institutions. |
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