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ceferov
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December 22, 2017, 10:19:14 PM |
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Bictoin fork and lending coin? looks nice
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BTCdoaA
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December 22, 2017, 10:22:22 PM |
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New Bitcoin fork ! what the different between interest and POS ?
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KryptoKash (OP)
Sr. Member
 Offline
Activity: 511
Merit: 275
Bitcoin Interest.
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December 22, 2017, 11:26:05 PM |
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New Bitcoin fork ! what the different between interest and POS ?
With Bitcoin Interest ("BCI") you can choose either a weekly or monthly interest period to park your coins and claim your share of the collective interest pool. When you decide to park your BCI coins you agree to not move your coins until the current round has ended. If you choose to move your BCI coins before the round has ended, you will not receive an interest payment which is why it is in your best interest to lock in your coins for the duration of the round. Miners receive 12.5 BCI from each block they solve, and with every block that is solved an additional 1 BCI coin is generated and placed into the interest pool to facilitate interest payments accordingly. The Weekly round uses 30% of the interest pool for payouts while the Monthly round uses the remaining 70% of the pool for payouts. Every round your interest payment can decrease or skyrocket depending on the people participating and the amount you hold. |
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Efta321
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December 22, 2017, 11:56:16 PM |
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New Bitcoin fork ! what the different between interest and POS ?
With Bitcoin Interest ("BCI") you can choose either a weekly or monthly interest period to park your coins and claim your share of the collective interest pool. When you decide to park your BCI coins you agree to not move your coins until the current round has ended. If you choose to move your BCI coins before the round has ended, you will not receive an interest payment which is why it is in your best interest to lock in your coins for the duration of the round. Miners receive 12.5 BCI from each block they solve, and with every block that is solved an additional 1 BCI coin is generated and placed into the interest pool to facilitate interest payments accordingly. The Weekly round uses 30% of the interest pool for payouts while the Monthly round uses the remaining 70% of the pool for payouts. Every round your interest payment can decrease or skyrocket depending on the people participating and the amount you hold. I think for the 30% weekly interest package for the payment and while monthly round use 70% of the pool for payment. I think with Any round of interest payment what we feel if at 30% 70%! whether we feel fair. |
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mardaed
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December 23, 2017, 12:13:21 AM |
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Happy for your launch of bitcoin interest on Jan 2018, We are glad with you on new-year, a great project which is a new technology to help support the progression of the overall ecosystem. Glad to know your savings technology will allow miners and coin holders to get an additional benefit.
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newegggo
Full Member
Offline
Activity: 266
Merit: 101
The Experience Layer of the Decentralized Internet
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December 23, 2017, 12:59:42 AM |
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Another fork? Nice.
Any one have calculated the price of all the forks combined?
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vivavivu
Member
Offline
Activity: 434
Merit: 10
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December 23, 2017, 01:08:35 AM |
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Happy for your launch of bitcoin interest on Jan 2018, We are glad with you on new-year, a great project which is a new technology to help support the progression of the overall ecosystem. Glad to know your savings technology will allow miners and coin holders to get an additional benefit.
What the exactly time bro? I see they said the fork will occur at 22nd January. I like the idea that have interest pool which have two rewards on every blocks. So could we mining BCI or hold bitcoin for fork? |
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newegggo
Full Member
Offline
Activity: 266
Merit: 101
The Experience Layer of the Decentralized Internet
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December 23, 2017, 01:46:51 AM |
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Happy for your launch of bitcoin interest on Jan 2018, We are glad with you on new-year, a great project which is a new technology to help support the progression of the overall ecosystem. Glad to know your savings technology will allow miners and coin holders to get an additional benefit.
What the exactly time bro? I see they said the fork will occur at 22nd January. I like the idea that have interest pool which have two rewards on every blocks. So could we mining BCI or hold bitcoin for fork? I guess it will be like all the other forks. We can get BCI by simply holding BTC. |
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moonfrost21
Member
Offline
Activity: 70
Merit: 10
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December 23, 2017, 03:59:32 AM
Last edit: December 23, 2017, 05:42:34 AM by moonfrost21 |
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Great News!! HitBTC will support BCI!!!!
 Thanks for the update, I hope there will be more exchange and wallet that will support this fork. This is actually better thatn previous hard fork and segwit2x because there will be a use of this new fork. |
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steampunkz
Sr. Member
Offline
Activity: 1162
Merit: 268
50% bonus on your First Topup
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December 23, 2017, 04:18:50 AM |
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Bictoin fork and lending coin? looks nice
Will see after the launching of the site in January 2018. If there will be many supporter to this it will became famous. but forking bitcoin is too difficult to do. |
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seriin
Member
Offline
Activity: 112
Merit: 10
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December 23, 2017, 05:15:43 AM |
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Technology is very common to our life nowadays. It seems like it becomes a part of our body. As time moves forward, everything around us changes. We have become a generation almost entirely dependent on technology, and because of technology, everything seems like become possible just like this Bitcoin Interest that made it possible to handle many transactions per second while reducing the bottlenecks and log of the legacy version of Bitcoin. This is very interesting project and I be stay tunes to this because I want to witness the upcoming better progress of the community by the help of this Bitcoin Interest.
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Respect bitcointalk Form moderators and Forum Rules.
Do not spoil others Reputation.
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SweetSv
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December 23, 2017, 06:29:22 AM
Last edit: December 23, 2017, 07:56:23 AM by SweetSv |
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Great News!! HitBTC will support BCI!!!!
Thanks for the update, I hope there will be more exchange and wallet that will support this fork. This is actually better thatn previous hard fork and segwit2x because there will be a use of this new fork. Good news. Exchange Hitbtc will be interesting for a fork. Quite a lot of people have their bitcoins there. I think it will help attract attention and make fork successful. |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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December 23, 2017, 06:48:56 AM |
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Another fork? Nice.
Any one have calculated the price of all the forks combined?
all these fork have no big value the only one that matter is bitcoin cash which is behind ETH, bitcoin gold is much smaller for example, and still below bitcoin capitalization |
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newegggo
Full Member
Offline
Activity: 266
Merit: 101
The Experience Layer of the Decentralized Internet
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December 23, 2017, 07:03:29 AM |
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Another fork? Nice.
Any one have calculated the price of all the forks combined?
all these fork have no big value the only one that matter is bitcoin cash which is behind ETH, bitcoin gold is much smaller for example, and still below bitcoin capitalization Of course all forks are below bitcoin capitalization  Since the forks are going, with each fork worth hundreds of dollars, the total value is getting higher and higher. |
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feeltun
Member
Offline
Activity: 1038
Merit: 16
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December 23, 2017, 07:43:04 AM |
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Another fork? Nice.
Any one have calculated the price of all the forks combined?
all these fork have no big value the only one that matter is bitcoin cash which is behind ETH, bitcoin gold is much smaller for example, and still below bitcoin capitalization The capitalization of the fork will certainly be less bitcoin, but it can make a faster and cheaper transaction unlike bitcoin. |
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Dodoymabs
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December 23, 2017, 09:22:33 AM |
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Is it a new Bitcoin hardfork again? Seems like hard forks became very popular, after China has banned ICOs lol
I think the main reason why this hardfork occur is that it provides more profit to bitcoin owners becuase they are given the opportunity to get a another coin for free. So it means they are been rewarded for the hardfork that is going to happen? I mean how they will get their free bitcoin? Btc as what I observed is that they really wanted to upgrade their transaction speed and also the fee that's why this fork will be going to happen. |
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ice18
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December 23, 2017, 09:34:31 AM |
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Is it a new Bitcoin hardfork again? Seems like hard forks became very popular, after China has banned ICOs lol
I think the main reason why this hardfork occur is that it provides more profit to bitcoin owners becuase they are given the opportunity to get a another coin for free. So it means they are been rewarded for the hardfork that is going to happen? I mean how they will get their free bitcoin? Btc as what I observed is that they really wanted to upgrade their transaction speed and also the fee that's why this fork will be going to happen. There is no free bitcoin here its the Bitcoin Interest coin (BCI) it will automatically give you a portion if you are holding a bitcoin before the snapshot happen so you will have a BCI coin it was stated that hitbtc will support this fork so if you have bitcoin in hitbc you can trade that bci into btc if trading is already enabled. |
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SlimShadyMmp
Full Member
Offline
Activity: 1470
Merit: 103
COMBO 2.0
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December 23, 2017, 10:02:13 AM |
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Bictoin fork and lending coin? looks nice
Will see after the launching of the site in January 2018. If there will be many supporter to this it will became famous. but forking bitcoin is too difficult to do. HitBtc is already supporting it so i think its safe to say the coin will enjoy its fair share of success around and also been able to lend and earn interest is a great investment on the coin. If am sure there is mutual agreements when lending and there is a fixed interest rate coin will really make an impact in crypto-community |
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Doctor-Coin
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December 23, 2017, 10:10:47 AM |
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Is it a new Bitcoin hardfork again? Seems like hard forks became very popular, after China has banned ICOs lol
I think the main reason why this hardfork occur is that it provides more profit to bitcoin owners becuase they are given the opportunity to get a another coin for free. So it means they are been rewarded for the hardfork that is going to happen? I mean how they will get their free bitcoin? Btc as what I observed is that they really wanted to upgrade their transaction speed and also the fee that's why this fork will be going to happen. Nowadays its getting difficult to understand why a fork happens. Is it really to make transactions easier, faster and secure or is it just because of some interest miner community ? |
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mr.teacher
Jr. Member
Offline
Activity: 50
Merit: 1
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December 23, 2017, 10:38:48 AM |
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Is it a new Bitcoin hardfork again? Seems like hard forks became very popular, after China has banned ICOs lol
I think the main reason why this hardfork occur is that it provides more profit to bitcoin owners becuase they are given the opportunity to get a another coin for free. So it means they are been rewarded for the hardfork that is going to happen? I mean how they will get their free bitcoin? Btc as what I observed is that they really wanted to upgrade their transaction speed and also the fee that's why this fork will be going to happen. Nowadays its getting difficult to understand why a fork happens. Is it really to make transactions easier, faster and secure or is it just because of some interest miner community ? It's because of financial reasons. They all want money. Miners and fork creators. There are many miners that can't mine bitcoin due to complexity. So why not create such an opportunity for them? |
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