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Twerka
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May 19, 2013, 04:09:25 AM |
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I'm having the same discussion with people on other forum. They think that Litecoin is insecure because it's faster.
Man, you can drive your car at 10Km/h if you want, and I'm sure you are not going to crash. I prefer to go faster.
Is in each person to decide how much confirmation they need, it's like if somebody gives you a 100 dollars bill, you check to know if it's fake or real; some insecure people may call a bill expert to check for it, some people trust on the other person and take it without even looking at it. Security is in the individual.
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The worst enemy of Bitcoin is Mt.Gox exchange.
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pizza
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Activity: 112
Merit: 10
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May 19, 2013, 04:09:35 AM |
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Once a transaction is fully confirmed with 4 confirmations, can you go back and change it?
If the answer is no, than that's secure enough. Bitcoin is over secure and useless for real world transactions, it's over encryption is not needed. We people do not understand you.
yes it can be reversed, have you heard of the 51% attack...? additionally, you didn't answer the question. why would anyone use worldcoin, if it provides no advantages over bitcoin and bitcoin already is much more established and accepted by merchants? Are you ok mentally, I just gave you the advantage of instant transaction speeds. If you don't think that's an advantage over bitcoin you have problems, I'm just going to ignore you now because you either can't comprehend the language you are writing in, mentally handicapped, or just trolling. |
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thisnewcoin
Full Member
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Activity: 406
Merit: 104
Convert Crypto at BestChange
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May 19, 2013, 04:15:46 AM |
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anyway it's good to clarify these questions  |
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erk
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May 19, 2013, 04:35:40 AM |
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Cool down, friend. I am just trying to have a simple conversation so we can both increase our understanding.
So Worldcoin confirms in 15 seconds, but we agree that doesn't really provide much security. Bitcoin takes 10 minutes, which is too long for many situations. So with bitcoin, you simply use 0 confirmation transactions, with the option to listen to the network for 10 seconds or so to see if a double-spend transaction was broadcasted. This allows for fast transactions!
There isn't any practical difference to the two situations. This is what I mean when I say worldcoin does not provide any new advantages.
Once again more BS, the WDC 15sec confirmation is important, the data is on a freshly mined block and on it's way. I have sat for half an hour on BTC stalking the block explores sites waiting for my first confirmation on a transfer to Gox or other exchange, then wait for another 5 blocks before I can start trading. All this is done in a couple of minutes on WDC. Just because BTC is supposed to find a block every 10min. doesn't mean it actually does, I have seen it take way longer. Even if WDC block discovery was +/- several hundred percent, it will still blow BTC confirmations into the weeds. |
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hendo420
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May 19, 2013, 04:47:23 AM |
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I'm having the same discussion with people on other forum. They think that Litecoin is insecure because it's faster.
Man, you can drive your car at 10Km/h if you want, and I'm sure you are not going to crash. I prefer to go faster.
Is in each person to decide how much confirmation they need, it's like if somebody gives you a 100 dollars bill, you check to know if it's fake or real; some insecure people may call a bill expert to check for it, some people trust on the other person and take it without even looking at it. Security is in the individual.
Kind of like the autobahn. No speed limit, some people choose to go slower, some faster. |
ebmarket.co
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A L I E N
Legendary
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Activity: 1358
Merit: 1000
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May 19, 2013, 04:49:21 AM |
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I'm having the same discussion with people on other forum. They think that Litecoin is insecure because it's faster.
Man, you can drive your car at 10Km/h if you want, and I'm sure you are not going to crash. I prefer to go faster.
Is in each person to decide how much confirmation they need, it's like if somebody gives you a 100 dollars bill, you check to know if it's fake or real; some insecure people may call a bill expert to check for it, some people trust on the other person and take it without even looking at it. Security is in the individual.
Kind of like the autobahn. No speed limit, some people choose to go slower, some faster. But you have the option of going faster if you want there..(WDC) |
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pizza
Member
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Activity: 112
Merit: 10
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May 19, 2013, 04:56:10 AM |
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WDC is paypal. Bitcoin is mailing a check or sending a wire transfer. Your choice.
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r3animation
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May 19, 2013, 04:57:27 AM |
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WDC is paypal. Bitcoin is mailing a check or sending a wire transfer. Your choice.
+1 I like this comparison. |
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Zaih
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May 19, 2013, 05:10:05 AM |
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Interesting.. Good luck WDC
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thisnewcoin
Full Member
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Activity: 406
Merit: 104
Convert Crypto at BestChange
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May 19, 2013, 05:34:24 AM |
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Yes interesting comparison  |
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Caesar V
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May 19, 2013, 05:35:07 AM |
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Interesting.. Good luck WDC
Your signature really screwed with my mind. Anyway, please change the "Iv'e" to "I've". Such an intelligent text deserves to be written in proper form. |
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Quartx
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May 19, 2013, 05:52:52 AM |
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0 Connections to active network? Help anyone? Already unblocked in Firewall
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Moray
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May 19, 2013, 05:54:09 AM |
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Check page 50.
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Quartx
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May 19, 2013, 06:44:17 AM |
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Check page 50.
Thanks! IT worked |
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hendo420
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May 19, 2013, 07:05:30 AM |
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I'm getting an error. Notice: Undefined variable: bitcoinController in /var/www/wdc/includes/templates/header.php on line 79 Fatal error: Call to a member function query() on a non-object in /var/www/wdc/includes/templates/header.php on line 79 ok it worked after refreshing. |
ebmarket.co
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gpudude
Full Member
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Activity: 126
Merit: 100
GPUDude
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May 19, 2013, 07:11:32 AM |
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[SPECIAL OFFER]If the pool can breach 250MH/s+ within the next 24 hours, the fee will be reduced to half for a period of time.
Exceed this to 450+ MH/s and 0% for a period of time will be on the table.
Offer will take you no longer than two minutes to get started;
No sign-up required, just point your miners to the details given in first post, put WDC address as username, X as password, enable Stratum (best) and away you go!
Get your miners pointed here people!
Here is the thread; https://bitcointalk.org/index.php?topic=207463.0
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dreamhouse
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May 19, 2013, 07:22:19 AM |
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Nice to have many pools there
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Foamy
Member
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Activity: 96
Merit: 10
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May 19, 2013, 08:00:51 AM |
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I'm getting an error. Notice: Undefined variable: bitcoinController in /var/www/wdc/includes/templates/header.php on line 79 Fatal error: Call to a member function query() on a non-object in /var/www/wdc/includes/templates/header.php on line 79 ok it worked after refreshing. I couldnt get my cgminer to connect. Any suggestions? |
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