Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Biodom]

i give 10 merits if one can name me a working blockchain product.

Filecoin.

@OP-Define 'working' first.
A blockchain could be working with not many customers.
Having customers is maybe more important than anything else.
The original question has a wholly dismissive attitude anyway.
You simply want to hear 'none', which is not exactly the case.

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[julian071]

i give 10 merits if one can name me a working blockchain product.

Filecoin.

@OP-Define 'working' first.
A blockchain could be working with not many customers.
Having customers is maybe more important than anything else.
The original question has a wholly dismissive attitude anyway.
You simply want to hear 'none', which is not exactly the case.

Yeah, define "working".

Obyte works fine for example. I've ssen many smart contracts actually working, with a clever interface thatallows you to interact with the contract through chatting with it in the wallet. However, no-one is using it, so.... is it 'working'?

[600watt]

i give 10 merits if one can name me a working blockchain product.

Filecoin.

@OP-Define 'working' first.
A blockchain could be working with not many customers.
Having customers is maybe more important than anything else.
The original question has a wholly dismissive attitude anyway.
You simply want to hear 'none', which is not exactly the case.

i will check filecoin.

with working i mean a sellable product. that gets sold. that has customers. and yes, the attitude is dismissive because i suspect that blockchain is just a database structure and not a technology all by itself.
the sellable part should NOT be the token.

[JimboToronto]

Good morning Bitcoinland.

Still trucking along sideways in the $3xxxx range... currently $36625USD/$46870CAD (Bitcoinaverage).

Almost time for >$40k. Go Bitcoin go.

i give 10 merits if one can name me a working blockchain product. other than bitcoin.

Bitcoin is not a product. How demeaning. 

[tertius993]

i give 10 merits if one can name me a working blockchain product. other than bitcoin.

Filecoin.

@OP-Define 'working' first.
A blockchain could be working with not many customers.
Having customers is maybe more important than anything else.
The original question has a wholly dismissive attitude anyway.
You simply want to hear 'none', which is not exactly the case.

i will check filecoin.

with working i mean a sellable product. that gets sold. that has customers. and yes, the attitude is dismissive because i suspect that blockchain is just a database structure and not a technology all by itself.
the sellable part should NOT be the token.

Does bitcoin even meet this definition then?

[Torque]

i give 10 merits if one can name me a working blockchain product. other than bitcoin.

Filecoin.

@OP-Define 'working' first.
A blockchain could be working with not many customers.
Having customers is maybe more important than anything else.
The original question has a wholly dismissive attitude anyway.
You simply want to hear 'none', which is not exactly the case.

i will check filecoin.

with working i mean a sellable product. that gets sold. that has customers. and yes, the attitude is dismissive because i suspect that blockchain is just a database structure and not a technology all by itself.
the sellable part should NOT be the token.

Does bitcoin even meet this definition then?

You're missing the point.

Their mantra is "blockchain, not bitcoin" remember?

Or perhaps, "blockchain, not token" because they believe the token part is irrelevant to the holier than thou blockchain tech. Yet they sell tokens anyway. And without the token they would have nothing.

[600watt]

i give 10 merits if one can name me a working blockchain product.

Filecoin.

Filecoin (⨎) is an open-source, public, cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method.[1][2][3][4] It is made by Protocol Labs and builds on top of InterPlanetary File System,[1] allowing users to rent unused hard drive space.[5] A blockchain mechanism is used to register the deals.[6] It is a decentralized storage system that aims to “store humanity’s most important information.” Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.

The project was launched in August 2017 and raised over $200 million within 30 minutes.[6][7] It is ranked 45 in terms of Market Cap[8].

how can i find out if it is used and/or making profit - other than selling the token?

[600watt]

i give 10 merits if one can name me a working blockchain product.

Filecoin.

@OP-Define 'working' first.
A blockchain could be working with not many customers.
Having customers is maybe more important than anything else.
The original question has a wholly dismissive attitude anyway.
You simply want to hear 'none', which is not exactly the case.

Yeah, define "working".

Obyte works fine for example. I've ssen many smart contracts actually working, with a clever interface thatallows you to interact with the contract through chatting with it in the wallet. However, no-one is using it, so.... is it 'working'?

well, i would say if no one is using it, it is not what i try to find. a successful product...  


edit:
i merited both entries, but i am not convinced. just did not want to appear not sticking to my words.

since i am out of merits now, i will stop this offer 

[Wekkel]

Many blockchain projects don't 'sell' tokens. They are simply issued (at once or along the way).

Wouldn't usage be the best measurement stick?

[tertius993]

i give 10 merits if one can name me a working blockchain product. other than bitcoin.

Filecoin.

@OP-Define 'working' first.
A blockchain could be working with not many customers.
Having customers is maybe more important than anything else.
The original question has a wholly dismissive attitude anyway.
You simply want to hear 'none', which is not exactly the case.

i will check filecoin.

with working i mean a sellable product. that gets sold. that has customers. and yes, the attitude is dismissive because i suspect that blockchain is just a database structure and not a technology all by itself.
the sellable part should NOT be the token.

Does bitcoin even meet this definition then?

You're missing the point.

Their mantra is "blockchain, not bitcoin" remember?

Or perhaps, "blockchain, not token" because they believe the token part is irrelevant to the holier than tho blockchain tech. Yet they sell tokens anyway.

I'm not missing the point.  If the sellable part can be the token, then any number of altcoins can be said to be working ... for some definition of working, of course!

[OutOfMemory]

i give 10 merits if one can name me a working blockchain product. other than bitcoin. other than any ETH based erc20 scams or defi scams. i mean in the real world. it has been 12 years since the bitcoin white paper and more than 5 (how many exactly?) years that the "blockchain-not-bitcoin" narrative gets spun.

it took facebook 4 years to reach 1 billion customers.

it took the "blockchain industry" 4 years to develop zero products and therefore zero customers.

and no, BAT token does not count. no blockchain necessary there.

blockchain my ass.

nice title for a book.

Oracle DBMS (Sun) *runs away*

[Torque]

A successful, viable blockchain project is one where:

1) You absolutely need the blockchain part, and could not substitute another cleaner, faster, perhaps even cheaper tech to do it better or to replicate the same tech/functionality.

2) The token part serves some purpose other than a form of money or money transfer.

3) The solution is not still looking for a problem that either doesn't exist, or is not really a problem in the real world.

4) The solution is routinely used by hundreds of thousands of people and companies everyday around the world, 24/7/365. Because it is an awesome solution.

Most blockchain projects fail #1 and #2 right out of the gate.

All of them fail #3 and #4, even if they are "working".

[BobLawblaw]

how can i find out if it is used and/or making profit - other than selling the token?

Not sure about that stuff. You asked about a working blockchain product, and Filecoin is really the only technical project out there that interests me beyond Bitcoin.

Was actually thinking about running a storage node, and start generating some income by devoting HD space, but I don't have SSD's or a system meeting their server RAM requirements. Don't feel like building one either. Was hoping to use my existing infra.

Not going to buy into it, but following the project, as a distributed filesystem interests me. I am concerned about NOT storing illegal content, so, not sure how that stuff can be resolved or monitored. Probably goes against what the coin was built for, but I don't want to be storing CP, for example (and yes, I am aware of being able to extract all manner of crap from the BTC blockchain. Doesn't mean I want to do it or support it.)

[600watt]

A successful, viable blockchain project is one where:

1) You absolutely need the blockchain part, and could not substitute another cleaner, faster, tech to do it better or to replicate the same tech/functionality.

2) The token part serves some purpose other than a form of money or money transfer.

3) The solution is not still looking for a problem that either doesn't exist, or is not really a problem in the real world.

4) The solution is routinely used by hundreds of thousands of people and companies everyday around the world, 24/7/365. Because it is an awesome solution.

Most blockchain projects fail #1 and #2 right out of the gate.

All of them fail #3 and #4, even if they are "working".

this! you say it way better than i did.

out of merit, this one deserves several!

i think the absence of a product/project that is successful is a hint that it is not a viable technology all together. bitcoin technology is, blockchain "tech" may not even be usable, meaningful tech that can be viewed as progress.

[philipma1957]

i give 10 merits if one can name me a working blockchain product. other than bitcoin. other than any ETH based erc20 scams or defi scams. i mean in the real world. it has been 12 years since the bitcoin white paper and more than 5 (how many exactly?) years that the "blockchain-not-bitcoin" narrative gets spun.

it took facebook 4 years to reach 1 billion customers.

it took the "blockchain industry" 4 years to develop zero products and therefore zero customers.

and no, BAT token does not count. no blockchain necessary there.

blockchain my ass.

nice title for a book.

LTC and Doge

both are asic backed pow coins purchased and sold.

https://www.binance.us/en/trade/DOGE_USDT
https://www.binance.us/en/trade/LTC_USD

https://www.coinbase.com/price



Yes they are kind of a knock off of BTC but they serve a purpose.
They are decentralized and backed by robust asic net work

All pos are a joke
eth is a joke what happens if the 'boss' dies eth will be a mess.

BTW  in 2021 I made more money on Doge during its runup than I made in the prior six months.

I had 1,000,000 doge Aquired via merge mining LTC and Doge.  I mined 260,000 doge from dec 2017 to Jan 2021. I decide I could easily convert some of the ltc to doge so I sold the ltc for usdt and  I purchased the doge with usdt.  by jan 1 this year I had 1,000,000 doge.

I sold 300,000 for 5100usd  early runup in early jan.

I sold 450,000 for 18000 usd from Jan 28 to Feb 2.

So I have 23100 usd from about a 2500 usd investment or a 20600 profit.  And I still have 250,000 doge .

So in my book both doge and ltc qualify for your merit give away.

Not many other coins that I can think of off hand. Maybe no other coins.

Certainly no coin wrapped in defi with eth. As I said what happens to eth if the sole leader dies.

[Krubster]

[Paashaas]

Ukraine considers building a bitcoin mining center based on nuclear power.

https://www.theblockcrypto.com/post/93572/ukraine-considers-bitcoin-mining-center-nuclear-power

[JimboToronto]

Their mantra is "blockchain, not bitcoin" remember?

Or perhaps, "blockchain, not token" because they believe the token part is irrelevant to the holier than thou blockchain tech. Yet they sell tokens anyway. And without the token they would have nothing.

Sure, blockchain is an important part of Bitcoin but it is no more important than decentralization, proof-of-work, peer-to-peer networking, pseudonymity, or limited supply.

Those who hate these attributes of Bitcoin are quick to jump on "blockchain tech" to try to explain away Bitcoin's success. If only they could patent it and license it out to other companies. How dare Bitcoin not have a CEO, shareholders, a brick-and-mortar headquarters, and a website.

[philipma1957]

No it shares the same algorithm  as btc thus is not needed or safe since it is subject to a 51% attack every day of its life.

[JSRAW]

i give 10 merits if one can name me a working blockchain product.

Filecoin.

Please don't tell me that you were seed investor  

~snip~

Thanks for the on-the-grounds report, chhota bhai.

 

Your welcome bade bhai--------------------------

Anyway your Hindi vocabulary getting bigger so here are couple of words for you and homer, its curse word for the likes of Rustingminds, you could use it with friends also. the words are  "Gaandu" and "Chutiya" its literally translate to Asshole and Better version of "Cunt" respectively.