klintay
Legendary
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Activity: 1775
Merit: 1032
Value will be measured in sats
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September 15, 2014, 03:41:01 PM |
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0.0065 This solution Evan has devised could be a game changer. The biggest thing holding back crypto from mainstream use as a currency is the relatively high transaction time vs traditional payment methods such as card transactions and paypal etc. If transaction time can be reduced to under 30 seconds then it becomes a viable option for payment of day-to-day transactions such as groceries, restaurants, fuel, impulse purchases. Very exciting! DRK to the moon baby. Next stop is $6 usd. LTC we have you in our sights
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innergy
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September 15, 2014, 03:46:18 PM |
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Some noob ideas here.. 1. What if we can provide something like DNS service based on masternodes which converts wallet addresses to unique names/accounts. Not every address of course, only on your wish. It'll be so easier to send coins to something familiar.. 2. What if we can provide F2A for a wallet passphrase to unlock and send coins?
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Cryptosis
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September 15, 2014, 03:56:00 PM |
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Maybe this will be what's needed to top LTC. Can't wait for that to happen.
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installer
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September 15, 2014, 03:57:00 PM |
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price to 58 soon
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vertoe
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September 15, 2014, 03:57:25 PM |
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0.0065 This solution Evan has devised could be a game changer. The biggest thing holding back crypto from mainstream use as a currency is the relatively high transaction time vs traditional payment methods such as card transactions and paypal etc. If transaction time can be reduced to under 30 seconds then it becomes a viable option for payment of day-to-day transactions such as groceries, restaurants, fuel, impulse purchases. Very exciting!
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Drobek
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September 15, 2014, 03:58:57 PM |
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Basically there are two possibilities now for the price in a short-term (next few hours/days): 1) Instant payments won't be feasible: Price will drop by 10%2) Instant payments will be feasible - it is going to be a breakthrough increasing price by 100% - xxx%. I feel like it is a good time to play
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Drobek
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September 15, 2014, 04:01:45 PM |
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Again, I am talking about the short term. Instant payments in the mid-term is an unprecedented winner, particularly if it involves hard-to-replicate MasterNode system in place
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qwizzie
Legendary
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Activity: 2548
Merit: 1245
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September 15, 2014, 04:05:40 PM |
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9/14 8:51 pm <evan82> I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it... 9/14 8:52 pm <evan82> It'll be compatible with Darksend too. So we'll have anonymous instant transactions. 9/14 8:52 pm <evan82> Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases. 9/14 8:52 pm <evan82> It also fixes the finney attack, which is another huge problem for bitcoin 9/14 8:56 pm <eth2> =) thats some good news 9/14 8:56 pm <eth2> lemme know when you need testers 9/14 8:57 pm <evan82> Yeah, I'm obviously pretty excited about it. I just had a eureka moment 9/14 8:58 pm <evan82> It's simple, elegant, instant and will cost a ton of money to subvert. Perfect 9/14 8:59 pm <eth2> does that have any technical implication on how transactions are processed and blocks? 9/14 8:59 pm <eth2> from a pool standpoint 9/14 8:59 pm <evan82> nope. 9/14 8:59 pm <evan82> It's not even a hard fork [...] 9/14 9:25 pm <moli> interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack9/14 9:27 pm <evan82> It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now 9/14 9:27 pm <evan82> right* 9/14 9:28 pm <evan82> It can definitely stop all other double spends, but finney attacks require the client to reject blocks. WHOWWWW this is great !! now we just need an official statement from Evan to make this Public for real !!!! Yes, it's real and the solution is really cool I'll be publishing a paper soon to explain all of the details. gotta love those eureka moments
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Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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Walter_S
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September 15, 2014, 04:10:23 PM |
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9/14 8:51 pm <evan82> I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it... 9/14 8:52 pm <evan82> It'll be compatible with Darksend too. So we'll have anonymous instant transactions. 9/14 8:52 pm <evan82> Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases. 9/14 8:52 pm <evan82> It also fixes the finney attack, which is another huge problem for bitcoin 9/14 8:56 pm <eth2> =) thats some good news 9/14 8:56 pm <eth2> lemme know when you need testers 9/14 8:57 pm <evan82> Yeah, I'm obviously pretty excited about it. I just had a eureka moment 9/14 8:58 pm <evan82> It's simple, elegant, instant and will cost a ton of money to subvert. Perfect 9/14 8:59 pm <eth2> does that have any technical implication on how transactions are processed and blocks? 9/14 8:59 pm <eth2> from a pool standpoint 9/14 8:59 pm <evan82> nope. 9/14 8:59 pm <evan82> It's not even a hard fork [...] 9/14 9:25 pm <moli> interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack9/14 9:27 pm <evan82> It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now 9/14 9:27 pm <evan82> right* 9/14 9:28 pm <evan82> It can definitely stop all other double spends, but finney attacks require the client to reject blocks. WHOWWWW this is great !! now we just need an official statement from Evan to make this Public for real !!!! Yes, it's real and the solution is really cool I'll be publishing a paper soon to explain all of the details. gotta love those eureka moments Well if his solution turns out to be viable then it's HUGE... Can't wait to see what it is
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Lauda
Legendary
Offline
Activity: 2674
Merit: 2965
Terminated.
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September 15, 2014, 04:16:56 PM |
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Basically there are two possibilities now for the price in a short-term (next few hours/days): 1) Instant payments won't be feasible: Price will drop by 10%2) Instant payments will be feasible - it is going to be a breakthrough increasing price by 100% - xxx%. I feel like it is a good time to play Well the audit from Kristov is finished, and there is much to be done here actually. It will be interesting to see what will Evan and the team address first (some are already fixed from the looks of it). When all of them are fixed, and instant transactions.. I don't know. DRK would almost be perfect.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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BrainShutdown
Legendary
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Activity: 1052
Merit: 1004
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September 15, 2014, 04:17:48 PM |
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My guess is that masternodes will be involved in those instant transactions
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raganius
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September 15, 2014, 04:19:34 PM |
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9/14 8:51 pm <evan82> I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it... 9/14 8:52 pm <evan82> It'll be compatible with Darksend too. So we'll have anonymous instant transactions. 9/14 8:52 pm <evan82> Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases. 9/14 8:52 pm <evan82> It also fixes the finney attack, which is another huge problem for bitcoin 9/14 8:56 pm <eth2> =) thats some good news 9/14 8:56 pm <eth2> lemme know when you need testers 9/14 8:57 pm <evan82> Yeah, I'm obviously pretty excited about it. I just had a eureka moment 9/14 8:58 pm <evan82> It's simple, elegant, instant and will cost a ton of money to subvert. Perfect 9/14 8:59 pm <eth2> does that have any technical implication on how transactions are processed and blocks? 9/14 8:59 pm <eth2> from a pool standpoint 9/14 8:59 pm <evan82> nope. 9/14 8:59 pm <evan82> It's not even a hard fork [...] 9/14 9:25 pm <moli> interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack9/14 9:27 pm <evan82> It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now 9/14 9:27 pm <evan82> right* 9/14 9:28 pm <evan82> It can definitely stop all other double spends, but finney attacks require the client to reject blocks. WHOWWWW this is great !! now we just need an official statement from Evan to make this Public for real !!!! Yes, it's real and the solution is really cool I'll be publishing a paper soon to explain all of the details. Holy fuck guys,
We've got a genius dev, almost 1 million coins out of circulation in MasterNodes, anonymous transactions, AND now instant transactions? Why would you still be in Bitcoin?
I can hear the VCs lining up as we speak....
Tao
Yes, it's sooo great! Evan, you indeed are a genius! I love you! man, you are entering the Humankind History! That's a revolution going on! So good to wake up with such good news! Thank you!
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Propulsion
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September 15, 2014, 04:20:10 PM |
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Private Visa/Mastercard Network.
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georgem
Legendary
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Activity: 1484
Merit: 1007
spreadcoin.info
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September 15, 2014, 04:20:39 PM |
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My guess is that masternodes will be involved in those instant transactions It has to. Since instant transactions won't involve the blockchain or a fork it can only be something that the masternodes do.
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qwizzie
Legendary
Offline
Activity: 2548
Merit: 1245
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September 15, 2014, 04:24:36 PM |
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Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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Walter_S
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September 15, 2014, 04:26:31 PM |
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9/14 8:51 pm <evan82> I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it... 9/14 8:52 pm <evan82> It'll be compatible with Darksend too. So we'll have anonymous instant transactions. 9/14 8:52 pm <evan82> Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases. 9/14 8:52 pm <evan82> It also fixes the finney attack, which is another huge problem for bitcoin 9/14 8:56 pm <eth2> =) thats some good news 9/14 8:56 pm <eth2> lemme know when you need testers 9/14 8:57 pm <evan82> Yeah, I'm obviously pretty excited about it. I just had a eureka moment 9/14 8:58 pm <evan82> It's simple, elegant, instant and will cost a ton of money to subvert. Perfect 9/14 8:59 pm <eth2> does that have any technical implication on how transactions are processed and blocks? 9/14 8:59 pm <eth2> from a pool standpoint 9/14 8:59 pm <evan82> nope. 9/14 8:59 pm <evan82> It's not even a hard fork [...] 9/14 9:25 pm <moli> interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack9/14 9:27 pm <evan82> It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now 9/14 9:27 pm <evan82> right* 9/14 9:28 pm <evan82> It can definitely stop all other double spends, but finney attacks require the client to reject blocks. WHOWWWW this is great !! now we just need an official statement from Evan to make this Public for real !!!! Yes, it's real and the solution is really cool I'll be publishing a paper soon to explain all of the details. Holy fuck guys,
We've got a genius dev, almost 1 million coins out of circulation in MasterNodes, anonymous transactions, AND now instant transactions? Why would you still be in Bitcoin?
I can hear the VCs lining up as we speak....
Tao
Yes, it's sooo great! Evan, you indeed are a genius! I love you! man, you are entering the Humankind History! That's a revolution going on! So good to wake up with such good news! Thank you! Some serious buy volume building up at mintpal. Seems like the whales might be moving in...
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jjiimm_64
Legendary
Offline
Activity: 1876
Merit: 1000
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September 15, 2014, 04:32:35 PM |
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0.0065 This solution Evan has devised could be a game changer. The biggest thing holding back crypto from mainstream use as a currency is the relatively high transaction time vs traditional payment methods such as card transactions and paypal etc. If transaction time can be reduced to under 30 seconds then it becomes a viable option for payment of day-to-day transactions such as groceries, restaurants, fuel, impulse purchases. Very exciting! To be real, bitcoin is already instant.. it is just confirmations that you have to wait for.. NO-ONE is going to try and double spend on the bitcoin blockchain for a pack of smokes.. only large transactions do you have to wait for confirmation.. I have sold bitcoins locally thousands INSTANTLY on the blockchain using the iphone app...
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1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
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gadado
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September 15, 2014, 04:34:27 PM |
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Ahh!! Evan you spoiled my pattern analysis with your instant transactions news! Now this looks good. Downward channel broken finally!
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tungfa
Legendary
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Activity: 1834
Merit: 1023
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September 15, 2014, 04:34:51 PM |
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tungfa
Legendary
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Activity: 1834
Merit: 1023
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September 15, 2014, 04:36:17 PM |
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Ahh!! Evan you spoiled my pattern analysis with your instant transactions news! Now this looks good. Downward channel broken finally! Hahaaaa see, you and your charts man honestly in this crypto world they do not work you never know what might hit you tomorrow !
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