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Blazin604 (OP)
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June 03, 2014, 08:13:16 AM |
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Hey all I am new I have been following BTC for quite some time now and have invested into it. I have watched countless videos of andreas Antonopoulos and I remember him saying that Bitcoin isn't just a currency it can be used for voting ect...how come this hasn't been implemented into Bitcoin? I know NXT coin is implementing all of this stuff... Also do you believe NXT will replace bitcoin or will Bitcoin serve as " digital gold " ? ..Also if bitcoin were to be used for voting ect...would coins get spent every time a vote is cast or stock/ contract is traded? sorry for the stupid questions...im just a bit confused.
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Tabatadze
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June 03, 2014, 08:41:24 AM |
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I think you will find it hard to find people here that will really buy into the next thing.
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kwukduck
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June 03, 2014, 08:46:51 AM |
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Not sure if trolling or serious...
NXT is a joke... Along with basically most of the other altcoins or scamcoins as i prefer to call them. Only a very small number actually try to improve fundamentally at some points and they then serve more as feature experiments than anything else. I recommend you to be skeptical with the grandiose claims made by devs and tonns of altcoin shills, most of it has been refuted time and time again.
That being said, the freedom is in the protocol, why do you want the core devs to implement all thinkable features? Everyone can build on top of it. Even you!
I would rather have a well maintained core than a bloated buggy feature-bomb as core software for the network.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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chennan
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June 03, 2014, 08:53:04 AM |
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Many exchange is using BTC to vote new alt crypto to get listed. Once the specified amount of BTC is sent to the specified address, the coin will get one vote. I do not know about NXT, let others answer!
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porcupine87
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June 03, 2014, 09:24:42 AM |
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That being said, the freedom is in the protocol, why do you want the core devs to implement all thinkable features? Everyone can build on top of it. Even you!
I would rather have a well maintained core than a bloated buggy feature-bomb as core software for the network.
you are right. Every human is an excellent programmer and if not, everyone can just simply learn it  |
"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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haploid23
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June 03, 2014, 10:14:56 AM |
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I actually haven't seen any real life applications of how bitcoins are used as contracts or voting. As of now, it's being used solely as a currency, so I'd love for someone to explain how voting or contracts can be derived from bitcoins, without us "losing" them.
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franky1
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June 03, 2014, 10:24:04 AM |
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NXT is a premined and centralised scheme. it belongs in the facebook credits and itunes credits category, not the bitcoin category.
i say this because its more of a facebook 2.0 (using blockchain instead of sql database) more so then a truly free market decentralised currency
dont knitpick the analogy, its intention is purely to be as laymen as possible in as short an explanation as possible
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Light
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June 03, 2014, 10:31:06 AM |
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Also do you believe NXT will replace bitcoin or will Bitcoin serve as " digital gold " ?
Any feature that has been added to an altcoin could just as easily be added to Bitcoin if it was deemed necessary. Most of those 'features' are just experimental options that provide niche functionality that doesn't really fit with the notion of a currency. While it can be used for more, right now Bitcoin's main directive is to become a globally accepted currency. On that note, the one thing that other coins can't replicate is the merchant acceptance and infrastructure built around Bitcoin - even Litecoin and Dogecoin don't have remotely as many businesses willing to accept them nor the ability to easily buy them as compared with Coinbase et al. |
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protokol
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June 03, 2014, 10:32:09 AM |
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I think the idea is that a voting/contract system could be bootstrapped to the blockchain by anyone. This would work by using, for example, a single satoshi as a "coloured coin", where it had an extra intrinsic value (like a single vote, or a single share/contract with a company). The actual value of the satoshi would be negligible, and the value would come from it's extra defined use. This works, as each satoshi on the blockchain has a unique identifier, that could be tracked by a company using them for contracts, or a voting system.
Think that's how it would work...
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franky1
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June 03, 2014, 10:56:24 AM |
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bitcoin does have voting already.
EG
send funds to one of these people
person A 1amadeupaddress1
person B 1amadeupaddress2
person C 1amadeupaddress3
the person with most received wins..
now wasnt that simple
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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superresistant
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June 03, 2014, 12:08:28 PM |
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No one really answered your question.
Bitcoin fanatics claim that Bitcoin can be used for many things other than a currency. Everyone can implement applications on top of blockchain...
The fact is that there is absolutely nothing but currency and nothing else is planed.
It's been years Bitcoin exist and as time goes on, Bitcoin get frozen. Less and less changes.
As you talked about Nxt. It took few months from a small dev team to implement functions that Bitcoin will probably never ever have.
Yes Nxt distribution is radically different from the mining scheme and some people find it unfair.
But does it matter at all when the point of this crypto is to provide services and build an economy ?
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jc01480
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June 03, 2014, 12:43:23 PM |
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Oh, shit. BTC influencing politics? Accurate voting? Irrefutable proof of numbers? Not sure the real players in today's political circus can handle the truth.
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Ron~Popeil
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June 03, 2014, 03:14:46 PM |
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Oh, shit. BTC influencing politics? Accurate voting? Irrefutable proof of numbers? Not sure the real players in today's political circus can handle the truth.
No more 100% turnout in heavily democratic Philadelphia and Cleveland precincts? Perish the thought! |
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thecoindoctor
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June 03, 2014, 03:41:59 PM |
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Hey all I am new I have been following BTC for quite some time now and have invested into it. I have watched countless videos of andreas Antonopoulos and I remember him saying that Bitcoin isn't just a currency it can be used for voting ect...how come this hasn't been implemented into Bitcoin? I know NXT coin is implementing all of this stuff... Also do you believe NXT will replace bitcoin or will Bitcoin serve as " digital gold " ? ..Also if bitcoin were to be used for voting ect...would coins get spent every time a vote is cast or stock/ contract is traded? sorry for the stupid questions...im just a bit confused.
Didn't know about the bitcoin voting, wth... |
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zeetubes
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June 03, 2014, 04:21:27 PM |
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I'm pretty sure the concept of bitcoin (rather than bitcoin itself) has been tested and maybe even used for electronic voting. But really only to enforce no double voting etc. The hassle is that no politician in the US would ever want people to actually have the power to vote on a given issue. Shit, that would obsolete the whole of congress and just about every other aspect of the corrupt awfulness we have to suffer through right now.
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Blazin604 (OP)
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June 03, 2014, 04:23:49 PM |
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Thanks for all the input..still confused as to how this stuff will work. Also how many Satoshi are there...imagine bitcoin being used for this stuff how many stocks / contracts traded daily and how fast it would contribute to depleting the supply of coins. Here are 2 great videos to watch. He talks alot about other features of bitcoin. Very interesting stuff. 1. http://m.youtube.com/watch?v=KW_wYvZ1eZg2. http://m.youtube.com/watch?v=lEWdPe6uACg |
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Neg
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June 03, 2014, 04:34:56 PM |
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I dont see any reasons why Next would overtake BTC. The blockchain voting thing sounds inteteresting though. I'll have to look into that.
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superresistant
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June 03, 2014, 05:45:57 PM |
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I knew about these two actually. Darkmarket project has been canceled. Is openbazaar used ? Why isn't it added on the client directly ? BitcoinQt didn't really change for years. It's just about using the currency and that's it. I really love Bitcoin but I reckon it has limit. Bitcoin is stuck. All the hype is about the price. The real innovations will come from cryptocurrencies that are not based on Bitcoin. |
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JackCelere
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June 03, 2014, 05:57:37 PM |
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NXT is a premined and centralised scheme. it belongs in the facebook credits and itunes credits category, not the bitcoin category.
i say this because its more of a facebook 2.0 (using blockchain instead of sql database) more so then a truly free market decentralised currency
dont knitpick the analogy, its intention is purely to be as laymen as possible in as short an explanation as possible
Can you clarify that? |
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