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paul2000
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April 19, 2015, 01:40:23 PM |
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I can't wait for IBM's Bitcoin killer. Bullish!
Isn't this only for blockchain technology? I tought it wasn't related to currency. They recently did a proof of concept for Internet of Things devices: https://youtu.be/U1XOPIqyP7AWhat I don't get: How will be their "blockchain" secured? (without decentralised miners) by the same way that facebook is secured without decentralized miners and things? But then, man, it has nothing, NOTHING, to do with Bitcoin, and then, man, it's centralized! (But they say it's decentralized!)  EDIT: And they say it's blockchain from Bitcoin and ethereum, it just makes no sense! |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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cbeast
Donator
Legendary
 Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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April 19, 2015, 01:51:05 PM |
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I can't wait for IBM's Bitcoin killer. Bullish!
Isn't this only for blockchain technology? I tought it wasn't related to currency. They recently did a proof of concept for Internet of Things devices: https://youtu.be/U1XOPIqyP7AWhat I don't get: How will be their "blockchain" secured? (without decentralised miners) by the same way that facebook is secured without decentralized miners and things? But then, man, it has nothing, NOTHING, to do with Bitcoin, and then, man, it's centralized! (But they say it's decentralized!) EDIT: And they say it's blockchain from Bitcoin and ethereum, it just makes no sense! Yeah, it took Satoshi like three months to write Bitcoin after the White Paper. I'm sure a small company like IBM can write something better without taking too much longer.  |
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paul2000
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April 19, 2015, 01:58:30 PM |
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I can't wait for IBM's Bitcoin killer. Bullish!
Isn't this only for blockchain technology? I tought it wasn't related to currency. They recently did a proof of concept for Internet of Things devices: https://youtu.be/U1XOPIqyP7AWhat I don't get: How will be their "blockchain" secured? (without decentralised miners) by the same way that facebook is secured without decentralized miners and things? But then, man, it has nothing, NOTHING, to do with Bitcoin, and then, man, it's centralized! (But they say it's decentralized!) EDIT: And they say it's blockchain from Bitcoin and ethereum, it just makes no sense! Yeah, it took Satoshi like three months to write Bitcoin after the White Paper. I'm sure a small company like IBM can write something better without taking too much longer. If they have managed to solve the double spending problem without any need of decentralized participants/players (e.g. miners) then Bitcoin would become instantly useless. |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 19, 2015, 01:58:49 PM |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 19, 2015, 02:58:51 PM |
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ssmc2
Legendary
Offline
Activity: 2002
Merit: 1040
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April 19, 2015, 03:03:35 PM |
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I can't wait for IBM's Bitcoin killer. Bullish!
Isn't this only for blockchain technology? I tought it wasn't related to currency. They recently did a proof of concept for Internet of Things devices: https://youtu.be/U1XOPIqyP7AWhat I don't get: How will be their "blockchain" secured? (without decentralised miners) by the same way that facebook is secured without decentralized miners and things? But then, man, it has nothing, NOTHING, to do with Bitcoin, and then, man, it's centralized! (But they say it's decentralized!) EDIT: And they say it's blockchain from Bitcoin and ethereum, it just makes no sense! Well Blockstream has Rusty Russell from IBM on board, so maybe they're working on a behind the scenes-sidechain concept.  |
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D05GTO
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April 19, 2015, 03:26:18 PM |
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From early April to the end of May, the going rate for a bitcoin rose from 86 cents to $8.89. That was in 2011. Usually get some nice pumps this time of year.. Just saying. Bitcoin just keeps playing the same tune over and over. People still refuse to catch on. LOL
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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April 19, 2015, 03:32:14 PM |
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From early April to the end of May, the going rate for a bitcoin rose from 86 cents to $8.89. That was in 2011. Usually get some nice pumps this time of year.. Just saying. Bitcoin just keeps playing the same tune over and over. People still refuse to catch on. LOL
Like rings in water, while holders (the real bitcoiners) expand, the ratio of non-enthusiastic get-rich-quickers to holders are constant. |
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JorgeStolfi
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April 19, 2015, 03:47:35 PM |
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If they have managed to solve the double spending problem without any need of decentralized participants/players (e.g. miners) then Bitcoin would become instantly useless.
That was never a problem: with a trusted centrally managed server network, is trivial to avoid double-spends, it is basic database application. The problem that was open for 10-20 years, and that Satoshi hoped to solve with the bitcoin protocol, was avoiding double-spends without a trusted centrally managed network. That is why bitcoin has miners, proof-of-work, and mining rewards. |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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April 19, 2015, 03:49:11 PM |
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Usually get some nice pumps this time of year.. Just saying.
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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April 19, 2015, 03:49:43 PM |
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I want $2300 coins! No more of this weak cheap nonsense!
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bassclef
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April 19, 2015, 03:52:43 PM |
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Getting an urge to go leverage long with my 50 btc play stash. Must. Not. Give. In.  I think there's a bit more downside (sorry guys). Technically things aren't looking great unless you can call this low volume chopping around a bottom--I can't. 3d macd solidly in the red. Daily chart bear flag in the works looking a bit foreboding. Whales seem intent on getting a panic shakeout near 200s or lower. Save your longs until then when everyone's freaking out. |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 19, 2015, 03:58:50 PM |
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Tabata11
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April 19, 2015, 04:22:07 PM |
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is that coinbase on the far right? holy shit that walllll |
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coinableS
Legendary
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Activity: 1442
Merit: 1179
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April 19, 2015, 04:26:51 PM |
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is that coinbase on the far right? holy shit that walllll Yea it came out of nowhere yesterday. |
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JayJuanGee
Legendary
 Online
Activity: 3710
Merit: 10220
Self-Custody is a right. Say no to"Non-custodial"
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April 19, 2015, 04:39:52 PM |
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is that coinbase on the far right? holy shit that walllll Yea it came out of nowhere yesterday. More than three months of BTC price floating in the $200s.... stable? |
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D05GTO
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April 19, 2015, 04:48:22 PM |
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Yep, that is a greater than 1 million dollar buy wall sitting on Coinbase since Friday. Someone would have to sell over 7k BTC to see $220 flat.
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JimboToronto
Legendary
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Activity: 4004
Merit: 4481
You're never too old to think young.
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April 19, 2015, 04:55:06 PM
Last edit: April 19, 2015, 05:14:44 PM by JimboToronto |
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Good morning Bitcoinland.
Not surprisingly, we're still going sideways in the $220s.
Volume remains excruciatingly low and the only real wall is that absurdity on Coinbase, which seems to be waiting to be eaten by arb-bots.
Monday should be fun.
_____
Just to add my 2 satoshis to the post-deletion dialog, I had a couple deleted myself, including the 3 word message "Thank you Adam" that I posted when I thought he'd just cleaned up some troll spam.
I guess it wasn't him after all.
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 19, 2015, 04:58:48 PM |
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Poll
