Bitcoin Forum
November 23, 2017, 03:20:35 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 1073 1074 1075 1076 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 [1123] 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 ... 1558 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 2011841 times)
Cconvert2G36
Sr. Member
****
Offline Offline

Activity: 392


View Profile
April 03, 2015, 04:34:08 AM
 #22441


It seems to me that when most people say they are interested in the "blockchain technology" but not BTC, they are focused on the protocol and ledger aspects of the blockchain and not on the distributed security mechanism of the blockchain. These are two separate things.


The former without the latter is akin to putting a horse on roller skates.

Centralized ledgers and protocols precede bitcoin, the blockchain is wholly unnecessary for such a system. 

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511450435
Hero Member
*
Offline Offline

Posts: 1511450435

View Profile Personal Message (Offline)

Ignore
1511450435
Reply with quote  #2

1511450435
Report to moderator
1511450435
Hero Member
*
Offline Offline

Posts: 1511450435

View Profile Personal Message (Offline)

Ignore
1511450435
Reply with quote  #2

1511450435
Report to moderator
brg444
Hero Member
*****
Offline Offline

Activity: 644

Bitcoin replaces central, not commercial, banks


View Profile
April 03, 2015, 04:38:41 AM
 #22442


It seems to me that when most people say they are interested in the "blockchain technology" but not BTC, they are focused on the protocol and ledger aspects of the blockchain and not on the distributed security mechanism of the blockchain. These are two separate things.


The former without the latter is akin to putting a horse on roller skates.

Centralized ledgers and protocols precede bitcoin, the blockchain is wholly unnecessary for such a system. 



You tell that to the lunatics at @Eris (Preston Byrne)  Cheesy

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
Melbustus
Legendary
*
Offline Offline

Activity: 1638



View Profile
April 03, 2015, 04:54:09 AM
 #22443

...
This and Abra Global are two beautiful ways of abstracting Bitcoin out of the picture for the benefit of commercial and mass consumer adoption.
...

Fine on hand, but on the other it's really annoying when people just say "blockchain technology" because it lets people think that there's a purpose/value to blockchain technology without an independent valuable on-chain asset.

So I suppose we could just start calling the bitcoin blockchain something which cannot rationally apply to anything else. Like: "Secure Blockchain" or something.... eg: "Abra and Align Commerce both utilize the breakthrough Secure Blockchain as rails for cheap and instant global payments."

I like that suggestion.

It seems to me that when most people say they are interested in the "blockchain technology" but not BTC, they are focused on the protocol and ledger aspects of the blockchain and not on the distributed security mechanism of the blockchain. These are two separate things.

It is perfectly possible to have a Google blockchain or a FED blockchain where the 3rd party provides security and maintenance for their own blockchain. These blockchain chains would still have the same protocol, ability for direct transactions, machine to machine micro-payments, etc. They would however lack the distributed security mechanism of bitcoin and rely on trust with the 3rd party. People who say bitcoin's value is the blockchain and not BTC seem to be OK with this scenario.

Bitcoin's blockchain has both "the blockchain protocol" and "the blockchain distributed security mechanism" (which requires the token to have independent value).

We call this "the blockchain" today, but it's really two separate concepts and I think that is what is commonly missed in the general public. If you separate them conceptually, and convince people that the blockchain's distributed security mechanism is valuable and desirable also, then it becomes easier to discuss why the token has to have value. If that person doesn't need a distributed security mechanism and instead trusts the FED, then for them it is just the protocol that has value.

Other applications attempting to use a block chain data structure are merely creating an alternative type of db. One that is arguably less efficient unless centralized at which point it becomes questionable whether the use of a block chain is preferable.

...


+1. I think people are irrationally enamored with the idea of "blockchains!" right now, and will discover, in due time (and after millions in wasted VC money), that if your design necessitates centralization somewhere in the system (googlecoin, fedcoin), you may as well ditch the whole blockchain encumbrance and just spin up a few redundant server clusters around the world and make a nice API.

There are probably some exceptions, but I think matching use-cases to their ideal spot on the decentralization continuum will show more polarized clustering than people realize right now.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
Melbustus
Legendary
*
Offline Offline

Activity: 1638



View Profile
April 03, 2015, 04:56:55 AM
 #22444


It seems to me that when most people say they are interested in the "blockchain technology" but not BTC, they are focused on the protocol and ledger aspects of the blockchain and not on the distributed security mechanism of the blockchain. These are two separate things.


The former without the latter is akin to putting a horse on roller skates.

Centralized ledgers and protocols precede bitcoin, the blockchain is wholly unnecessary for such a system. 



You tell that to the lunatics at @Eris (Preston Byrne)  Cheesy


Let's just spin up "MarmotCoin" and he'll be completely distracted for a couple years. Smiley

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 03, 2015, 04:57:19 AM
 #22445

...
This and Abra Global are two beautiful ways of abstracting Bitcoin out of the picture for the benefit of commercial and mass consumer adoption.
...

Fine on hand, but on the other it's really annoying when people just say "blockchain technology" because it lets people think that there's a purpose/value to blockchain technology without an independent valuable on-chain asset.

So I suppose we could just start calling the bitcoin blockchain something which cannot rationally apply to anything else. Like: "Secure Blockchain" or something.... eg: "Abra and Align Commerce both utilize the breakthrough Secure Blockchain as rails for cheap and instant global payments."

I like that suggestion.

It seems to me that when most people say they are interested in the "blockchain technology" but not BTC, they are focused on the protocol and ledger aspects of the blockchain and not on the distributed security mechanism of the blockchain. These are two separate things.

It is perfectly possible to have a Google blockchain or a FED blockchain where the 3rd party provides security and maintenance for their own blockchain. These blockchain chains would still have the same protocol, ability for direct transactions, machine to machine micro-payments, etc. They would however lack the distributed security mechanism of bitcoin and rely on trust with the 3rd party. People who say bitcoin's value is the blockchain and not BTC seem to be OK with this scenario.

Bitcoin's blockchain has both "the blockchain protocol" and "the blockchain distributed security mechanism" (which requires the token to have independent value).

We call this "the blockchain" today, but it's really two separate concepts and I think that is what is commonly missed in the general public. If you separate them conceptually, and convince people that the blockchain's distributed security mechanism is valuable and desirable also, then it becomes easier to discuss why the token has to have value. If that person doesn't need a distributed security mechanism and instead trusts the FED, then for them it is just the protocol that has value.

Other applications attempting to use a block chain data structure are merely creating an alternative type of db. One that is arguably less efficient unless centralized at which point it becomes questionable whether the use of a block chain is preferable.

Bitcoin's data base is unique in that the information it transmits is scarce and a liquid market exists for it.

We both agree that the distributed security mechanism has value, we probably also see it because of our politics.

But a centralized blockchain offering the protocol but not the security does have valid purposes to some people. That fact that it is not interesting to me or you does not change that. And there are people working on centralized chains and they will probably be used and be a thing.

Melbustus' point was to separate and highlight the security mechanism as a separate concept by using a separate name. I like that.

I think it will help communicate the "real" bitcoin better and highlight what makes bitcoin, well bitcoin.
HeliKopterBen
Hero Member
*****
Offline Offline

Activity: 622



View Profile
April 03, 2015, 02:48:10 PM
 #22446

It is perfectly possible to have a Google blockchain or a FED blockchain

This would be a distributed database.  IMO we need to get the terminology correct.  A blockchain, by definition, is decentralized where validating nodes are controlled by different parties.  Any system where validating nodes are controlled by one party is a distributed database or something else entirely, but not a blockchain.  If someone referred to a horse and carriage as an automobile, they would be wrong.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
sickpig
Legendary
*
Offline Offline

Activity: 1218


View Profile
April 03, 2015, 03:51:05 PM
 #22447

Just to add another point to the above list:

Court accepts DOJ's 'state secrets' claim to protect shadowy neocons: A new low.

Quote from: Glenn Greenwald
But then something quite extraordinary happened: In September of last year, the U.S. government, which was not a party, formally intervened in the lawsuit, and demanded that the court refuse to hear Restis’s claims and instead dismiss the lawsuit against UANI before it could even start, on the ground that allowing the case to proceed would damage national security.

i didn't think it was possible but this makes the situation even worse.

And the MSM and every lefty I know is just silent because "their" guy is in office. What this means is the US has fully descended into tribalism, where no one focuses on objective facts and logic as they exist or on first principles, but instead only focus on if their "clan" is wianning.

The R team is just as bad, but at least when they are in office everyone is suddenly against government overreach, whereas otherwise they'd be for it.

It seems that there's really no limit to the bad

http://www.jmwagner.com/

Nothing new under the laws prospective, but this story just seems to summarize all the abnormal aspects mentioned above. This is a really sad story.


Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 03, 2015, 05:30:16 PM
 #22448

Just to add another point to the above list:

Court accepts DOJ's 'state secrets' claim to protect shadowy neocons: A new low.

Quote from: Glenn Greenwald
But then something quite extraordinary happened: In September of last year, the U.S. government, which was not a party, formally intervened in the lawsuit, and demanded that the court refuse to hear Restis’s claims and instead dismiss the lawsuit against UANI before it could even start, on the ground that allowing the case to proceed would damage national security.

i didn't think it was possible but this makes the situation even worse.

And the MSM and every lefty I know is just silent because "their" guy is in office. What this means is the US has fully descended into tribalism, where no one focuses on objective facts and logic as they exist or on first principles, but instead only focus on if their "clan" is wianning.

The R team is just as bad, but at least when they are in office everyone is suddenly against government overreach, whereas otherwise they'd be for it.

It seems that there's really no limit to the bad

http://www.jmwagner.com/

Nothing new under the laws prospective, but this story just seems to summarize all the abnormal aspects mentioned above. This is a really sad story.

Wow, and this is all for just trading Bitcoins outside of the Coinbase or other "clean" KYC abiding services.

It seems a lot of people here disagree with me that the government has any tools to control bitcoin and that forcing everyone to use green address provided by the IRS is an impossibility. Just imagine if this type of government raid/arrest/life destroying case is done against anyone and everyone who is even suspected of having a non-green addresses or of using Bitcoin before the IRS implemented their system (all of us). I'm pretty sure they would be able to convince most people to go along.

Quote
Whenever I call Burt and he doesn’t answer right away, she is afraid her daddy has been arrested again.  She is scared of law enforcement and gets nervous when she sees police cars.  She won’t say the Pledge of Allegiance at school.  We had to put her into counseling.  She had to see a counselor every other week until recently (Feb 2015).  Sometimes she will suddenly cry uncontrollably for no reason.  She is afraid the feds will come back and raid our house again.

She should be afraid of the government. That is why our founders gave us the bill of rights and other protections. The baby boomers may have thrown that all away, but maybe after being kicked enough times the following generations will re-learn their lessons and take back what was lost.
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 03, 2015, 05:42:40 PM
 #22449

It is perfectly possible to have a Google blockchain or a FED blockchain

This would be a distributed database.  IMO we need to get the terminology correct.  A blockchain, by definition, is decentralized where validating nodes are controlled by different parties.  Any system where validating nodes are controlled by one party is a distributed database or something else entirely, but not a blockchain.  If someone referred to a horse and carriage as an automobile, they would be wrong.

To me a blockchain is just that, a chain of crytographically connected blocks. A blockchain can be imagined to have any security mechanism.

Bitcoin's security mechanism is an SHA256 based lottery system, this makes the security mechanism to be a distributed system where any miner can participate and add their hash power.

Google or the FED could create a blockchain with a single signer security mechanism. For example Larry, Sergey or Yellen could have the only key to sign and validate a chain of blocks. They would then issue new blocks every x minutes, creating a chain. Anyone and everyone could transact on that blockchain in the exact same manner as Bitcoin. The only difference is there would be a centralized server to communicate with (not a P2P network) and you'd have to trust Larry, Sergey or Yellen (not distributed hash power).

To me a blockchain is just a chain of crytographically connected blocks, of which there are many options.

Bitcoin's blockchain adds to that by implementing a distributed security mechanism on top of the blockchain. At least that is my terminology.
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
April 03, 2015, 07:04:31 PM
 #22450

Just to add another point to the above list:

Court accepts DOJ's 'state secrets' claim to protect shadowy neocons: A new low.

Quote from: Glenn Greenwald
But then something quite extraordinary happened: In September of last year, the U.S. government, which was not a party, formally intervened in the lawsuit, and demanded that the court refuse to hear Restis’s claims and instead dismiss the lawsuit against UANI before it could even start, on the ground that allowing the case to proceed would damage national security.

i didn't think it was possible but this makes the situation even worse.

And the MSM and every lefty I know is just silent because "their" guy is in office. What this means is the US has fully descended into tribalism, where no one focuses on objective facts and logic as they exist or on first principles, but instead only focus on if their "clan" is wianning.

The R team is just as bad, but at least when they are in office everyone is suddenly against government overreach, whereas otherwise they'd be for it.

It seems that there's really no limit to the bad

http://www.jmwagner.com/

Nothing new under the laws prospective, but this story just seems to summarize all the abnormal aspects mentioned above. This is a really sad story.

Wow, and this is all for just trading Bitcoins outside of the Coinbase or other "clean" KYC abiding services.

It seems a lot of people here disagree with me that the government has any tools to control bitcoin and that forcing everyone to use green address provided by the IRS is an impossibility. Just imagine if this type of government raid/arrest/life destroying case is done against anyone and everyone who is even suspected of having a non-green addresses or of using Bitcoin before the IRS implemented their system (all of us). I'm pretty sure they would be able to convince most people to go along.

Quote
Whenever I call Burt and he doesn’t answer right away, she is afraid her daddy has been arrested again.  She is scared of law enforcement and gets nervous when she sees police cars.  She won’t say the Pledge of Allegiance at school.  We had to put her into counseling.  She had to see a counselor every other week until recently (Feb 2015).  Sometimes she will suddenly cry uncontrollably for no reason.  She is afraid the feds will come back and raid our house again.

She should be afraid of the government. That is why our founders gave us the bill of rights and other protections. The baby boomers may have thrown that all away, but maybe after being kicked enough times the following generations will re-learn their lessons and take back what was lost.
I don't expect any "taking back" to happen in the US.

The cost/benefit doesn't add up.

Those with any sense will simply withdraw and let the Boomers stew in the consequence of their own choices.
vokain
Legendary
*
Offline Offline

Activity: 1736


View Profile
April 03, 2015, 07:52:53 PM
 #22451

Any suggested places to withdraw to?

         ▄█▄  ▄▄▄▄
          ▀ ▄██████▄
    ▄▄▄   ▄███▀▀███
  ▄█████▄ ▀█▀ ███▄ ▀▀
 ███▀  ▀██▄    ████▄   
 █▀ ▄██▄ ▀█▀ ▄██▀ ▀█▀ ▄██
  ▄██▀     ▄██▀     ▄██▀
 ██▀ ▄█▄ ▄██▀ ▄█▄  ██▀ ▄▄
      ▀███▀    ▀██▄  ▄██▀
     ▄▄ ▀██▄ ▄█▄ ▀█████▀
     ███▄▄██▀   ▀▀
      ▀██████▀
        ▀▀▀▀   ██▀

  █
  █
  █
████
  █
████
  █
████
  █
  █
  █


▄███▄    ▄███▄
███  ██▄ █▀▀▄
████████  ███▀
██▀ ▄███       
████████▄▄  ▄█▀
 ██████▀▀██▀▀
  ▀███▀▄▄   ▄
   ▀██▄██ ▄█▀
     ▀▀██▀▀
FULLY
ANONYMOUS

━━━━━
/

    ██▄▄              ▄▄██
   █▀  ▀█▄ ▄▄▄▄████▄██▀  ▀█
  █▀   ▄███▀▀▀       █▄   ▀█
 █▀   ▄███▄ ▄▄█▄▄     █▄   ▀█
██▄  ▄████████████▄▄  █▄  ▄██
  ▀▀██▀███████████████▄███▀▀
      ▀█▄█▀███████████▀▀
        ▀███▀███████▀
           ▀▀▀▀██▀▀
INSTANT
TRANSFER

━━━━
/

     ▄████▄
 ▄▄▄████████▄▄▄
▄██████████████▄
▀██▀ ▀█  ▀█ ███▀
 ██ ▀ █ ▀▄█ ███
▄██▄█▄█▄███▄███▄
▀██████████████▀
 ▀▀▀████████▀▀▀
     ▀████▀
API FOR YOUR
PROJECTS

━━━━

  █
  █
  █
████
  █
████
  █
████
  █
  █
  █
PARTNER PROGRAM
TOR MIRROR
MIX WALLET
.FAQ
ANN THREAD
TELEGRAM
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
April 03, 2015, 08:59:47 PM
 #22452

Any suggested places to withdraw to?
Withdrawing is more a state of mind than an aspect of geography.
Torque
Legendary
*
Online Online

Activity: 1274



View Profile
April 03, 2015, 09:20:25 PM
 #22453

Any suggested places to withdraw to?

Betty Ford
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 03, 2015, 09:57:53 PM
 #22454

Any suggested places to withdraw to?
Withdrawing is more a state of mind than an aspect of geography.

Bingo.
vokain
Legendary
*
Offline Offline

Activity: 1736


View Profile
April 03, 2015, 10:18:58 PM
 #22455

Any suggested places to withdraw to?
Withdrawing is more a state of mind than an aspect of geography.

Bingo.

"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors."

Why should I stay somewhere where I can summarily be rounded up for suddenly breaking some new unconstitutional law passed (see Snowden donations)? What if that place is imminently changing expatriation laws to make it near impossible to shed citizenship? Then withdrawing would be throwing away what our founders built akin to the Niemoller "First they came..." lesson, and the only moral thing to do staying is being some sort of beacon for liberty.

“If success or failure of this planet and of human beings depended on how I am and what I do... HOW WOULD I BE? WHAT WOULD I DO?”

         ▄█▄  ▄▄▄▄
          ▀ ▄██████▄
    ▄▄▄   ▄███▀▀███
  ▄█████▄ ▀█▀ ███▄ ▀▀
 ███▀  ▀██▄    ████▄   
 █▀ ▄██▄ ▀█▀ ▄██▀ ▀█▀ ▄██
  ▄██▀     ▄██▀     ▄██▀
 ██▀ ▄█▄ ▄██▀ ▄█▄  ██▀ ▄▄
      ▀███▀    ▀██▄  ▄██▀
     ▄▄ ▀██▄ ▄█▄ ▀█████▀
     ███▄▄██▀   ▀▀
      ▀██████▀
        ▀▀▀▀   ██▀

  █
  █
  █
████
  █
████
  █
████
  █
  █
  █


▄███▄    ▄███▄
███  ██▄ █▀▀▄
████████  ███▀
██▀ ▄███       
████████▄▄  ▄█▀
 ██████▀▀██▀▀
  ▀███▀▄▄   ▄
   ▀██▄██ ▄█▀
     ▀▀██▀▀
FULLY
ANONYMOUS

━━━━━
/

    ██▄▄              ▄▄██
   █▀  ▀█▄ ▄▄▄▄████▄██▀  ▀█
  █▀   ▄███▀▀▀       █▄   ▀█
 █▀   ▄███▄ ▄▄█▄▄     █▄   ▀█
██▄  ▄████████████▄▄  █▄  ▄██
  ▀▀██▀███████████████▄███▀▀
      ▀█▄█▀███████████▀▀
        ▀███▀███████▀
           ▀▀▀▀██▀▀
INSTANT
TRANSFER

━━━━
/

     ▄████▄
 ▄▄▄████████▄▄▄
▄██████████████▄
▀██▀ ▀█  ▀█ ███▀
 ██ ▀ █ ▀▄█ ███
▄██▄█▄█▄███▄███▄
▀██████████████▀
 ▀▀▀████████▀▀▀
     ▀████▀
API FOR YOUR
PROJECTS

━━━━

  █
  █
  █
████
  █
████
  █
████
  █
  █
  █
PARTNER PROGRAM
TOR MIRROR
MIX WALLET
.FAQ
ANN THREAD
TELEGRAM
79b79aa8d5047da6d3XX
Full Member
***
Offline Offline

Activity: 192

◕_◕


View Profile
April 03, 2015, 10:40:48 PM
 #22456


[...]

To me a blockchain is just that, a chain of crytographically connected blocks. A blockchain can be imagined to have any security mechanism.

Bitcoin's security mechanism is an SHA256 based lottery system, this makes the security mechanism to be a distributed system where any miner can participate and add their hash power.

Google or the FED could create a blockchain with a single signer security mechanism. For example Larry, Sergey or Yellen could have the only key to sign and validate a chain of blocks. They would then issue new blocks every x minutes, creating a chain. Anyone and everyone could transact on that blockchain in the exact same manner as Bitcoin. The only difference is there would be a centralized server to communicate with (not a P2P network) and you'd have to trust Larry, Sergey or Yellen (not distributed hash power).

To me a blockchain is just a chain of crytographically connected blocks, of which there are many options.

Bitcoin's blockchain adds to that by implementing a distributed security mechanism on top of the blockchain. At least that is my terminology.

That may be your terminology, but in that case we are not talking about a technological breakthrough, just about a simple data structure with pointers.
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 03, 2015, 10:57:39 PM
 #22457


[...]

To me a blockchain is just that, a chain of crytographically connected blocks. A blockchain can be imagined to have any security mechanism.

Bitcoin's security mechanism is an SHA256 based lottery system, this makes the security mechanism to be a distributed system where any miner can participate and add their hash power.

Google or the FED could create a blockchain with a single signer security mechanism. For example Larry, Sergey or Yellen could have the only key to sign and validate a chain of blocks. They would then issue new blocks every x minutes, creating a chain. Anyone and everyone could transact on that blockchain in the exact same manner as Bitcoin. The only difference is there would be a centralized server to communicate with (not a P2P network) and you'd have to trust Larry, Sergey or Yellen (not distributed hash power).

To me a blockchain is just a chain of crytographically connected blocks, of which there are many options.

Bitcoin's blockchain adds to that by implementing a distributed security mechanism on top of the blockchain. At least that is my terminology.

That may be your terminology, but in that case we are not talking about a technological breakthrough, just about a simple data structure with pointers.

The blockchain (assuming my terminology above) was not a technological breakthrough by any means. You are right, the blockchain is just a simple tree based data structure and there is nothing special about that, at least to anyone with a CS background.

What is special about Bitcoin is the distributed security mechanism. Creating a SHA256 based lottery that rewards a scarce token in order to facilitate a distributed P2P security mechanism, was a wholly unique idea. Satoshi was the first to create that, and since Bitcoin was the first implementation it is Bitcoin that will win (if any do). It was the distributed security mechanism that Satoshi invented in creating Bitcoin.
rocks
Legendary
*
Offline Offline

Activity: 1149


View Profile
April 03, 2015, 11:03:19 PM
 #22458

FYI, Marcus has been on a posting tear over at Reddit for awhile. That place is usually a den for collectivists.

http://www.reddit.com/r/Bitcoin/comments/319rp8/a_scary_story_of_a_bitcoin_traders_arrest_and/cpztxdo

http://www.reddit.com/r/Bitcoin/comments/319rp8/a_scary_story_of_a_bitcoin_traders_arrest_and/cpzumsp

http://www.reddit.com/r/Bitcoin/comments/3104l0/should_the_judge_of_silk_road_case_be_sent_to/cpxn41i
BillyBobZorton
Legendary
*
Offline Offline

Activity: 1022


MatrixCoin - Creating Bright Future Together


View Profile
April 04, 2015, 12:17:22 AM
 #22459

i made a point some time ago that if Bitcoin were to become a global reserve currency, much like gold, due to maintaining the 1MB block size, all Bitcoin 2.0 projects trying to ride the MC would be eliminated due to high tx costs.  in that case, the blockchain would only be applicable to Bitcoin as Money:

https://twitter.com/bramcohen/status/557287567121346560
There is no such thing as intrinsic value.

All value is subjective , as beheld in the mind of the observer.

All value is subjegated collectively through the market which reaches a consensus price.

If you do not beleive me ask a monkey what has more value - a warehouse full of gold bullion or a single bannana.


██████████.......█████......
████████████.....███████.....
███....█████.....███████.....
███....█████.....███████.....
████....██████...█████████....
██████......██████████...█████████....
█████......██████......████....██...█████████....
█████......██████......████....███.███████████...
█████......██████......████....███.███████████...
███...................█████████████████.███████████...
███..███..█████.......██████████.████████████.█████████..
███..█████.......██████████.████████████.█████████..
█████.......██████████.████████████.█████████..
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......███...███████████...██████████.
██████......██.....█████████.....██████████
██████████.....█████████.....██████████
██████████.....█████████.....██████████
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
██
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █
█  ██  █

█  ██  █

█  ██  █

█  ██  █

█  ██  █

██
   
➤  TWITTER
➤  FACEBOOK
➤  INSTAGRAM
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2436



View Profile
April 04, 2015, 12:23:26 AM
 #22460

i made a point some time ago that if Bitcoin were to become a global reserve currency, much like gold, due to maintaining the 1MB block size, all Bitcoin 2.0 projects trying to ride the MC would be eliminated due to high tx costs.  in that case, the blockchain would only be applicable to Bitcoin as Money:

https://twitter.com/bramcohen/status/557287567121346560
There is no such thing as intrinsic value.

All value is subjective , as beheld in the mind of the observer.

All value is subjegated collectively through the market which reaches a consensus price.

If you do not beleive me ask a monkey what has more value - a warehouse full of gold bullion or a single bannana.

Does your monkey like shiny objects? Wears gold chains perhaps?

Pages: « 1 ... 1073 1074 1075 1076 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 [1123] 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 ... 1558 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!