jabo38
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Activity: 1232
Merit: 1001
mining is so 2012-2013
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October 05, 2014, 07:14:55 AM |
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Bitcoin is opening the door to crypto.
Crypto 2.0 is going to knock down the whole house.
Crypto 2.0 = Ripple/Stellar, Ethereum, NXT, and NEM
(there are some other honorable mentions but will need to be evaluated more later)
ripple, stellar are not even crypto's. they are mysql database entries. and the others.. well pfft.. they still lack the benefits bitcoin has even if people do orgasm over the stories they tell So, I am going to more or less agree with you. Ripple/Stellar are a real crypto, but they are an interesting system for international cross currency money transfers. That is if they get support from the banks. This feature is something that Bitcoin is also trying to do and is doing okay, but it seems to me Ripple/Stellar might in 5 years be much better at it. As for the others, yes they still lack the benefits of Bitcoin and Bitcoin is still better by far, but I am not sure if that will be the case in 5 years from now. Basically, I agree with you on the current state of affairs, but have a different vision of the possible future. |
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btcxyzzz
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Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
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October 05, 2014, 01:52:00 PM |
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The most important keyword about Bitcoin evolution is anonymity. Period. If it fails to deliver that, I think some anonymous altcoin may grow bigger than Bitcoin.
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franky1
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Activity: 4256
Merit: 4532
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October 05, 2014, 02:21:54 PM |
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Ripple/Stellar are a real crypto,
wrong ripple: cryptographic secured transaction: no blockchain: no decentralised: no stellar: cryptographically secured transactions: no blockchain: no decentralised: semi (gateways:yes, individuals: no) |
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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Waramp22
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October 05, 2014, 03:27:37 PM |
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The most important keyword about Bitcoin evolution is anonymity. Period. If it fails to deliver that, I think some anonymous altcoin may grow bigger than Bitcoin.
Why do you think the US government would ever consider legalizing a currency they cannot tax? |
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Waramp22
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October 05, 2014, 03:41:10 PM |
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The most important keyword about Bitcoin evolution is anonymity. Period. If it fails to deliver that, I think some anonymous altcoin may grow bigger than Bitcoin.
Why do you think the US government would ever consider legalizing a currency they cannot tax? Bitcoin is illegal in the U.S.? No. The government can track bitcoin and in the future, they can tax it. Darkcoin or other anonymous altcoins claim to be untraceable. Because of this, i cannot see how the US government would consider legalizing it instead of bitcoin. |
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inBitweTrust
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October 05, 2014, 04:00:19 PM |
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No. The government can track bitcoin and in the future, they can tax it.
Darkcoin or other anonymous altcoins claim to be untraceable. Because of this, i cannot see how the US government would consider legalizing it instead of bitcoin.
How do you track bitcoin with tools like the darkwallet, coinjoin, and stealth addresses? |
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BTCmoons
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October 05, 2014, 04:08:05 PM |
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The ASIC attack: design a cheaper, faster, more efficient ASIC. Fund it with someone that wants to spend millions to destroy Bitcoin. Create more ASICs and flood the general market because you don't want to go out of business if your market dries up. Bad agent is unable to attack Bitcoin. Bad agent changes strategy to make Bitcoins instead. Everybody wins.
This is why PoW is superior to PoS. Since you now need to make some kind of initial investment in miners in order to mine, you have a vested interest in seeing the coin you are mining succeed (since it is all that you can mine with an ASIC). |
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Waramp22
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October 05, 2014, 04:42:12 PM |
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No. The government can track bitcoin and in the future, they can tax it.
Darkcoin or other anonymous altcoins claim to be untraceable. Because of this, i cannot see how the US government would consider legalizing it instead of bitcoin.
How do you track bitcoin with tools like the darkwallet, coinjoin, and stealth addresses? I have no idea, but for the average US citizen who pays taxes and isn't interested in hiding anything from the government, bitcoin makes perfect sense. There will always be a black market, scams, fraud, money laundering, people working for cash etc. The governments main interest is to tax as much money activity as possible without causing citizens to revolt. Bitcoin allows this, darkcoin not so much. |
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inBitweTrust
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October 05, 2014, 04:48:23 PM |
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I have no idea, but for the average US citizen who pays taxes and isn't interested in hiding anything from the government, bitcoin makes perfect sense.
There will always be a black market, scams, fraud, money laundering, people working for cash etc. The governments main interest is to tax as much money activity as possible without causing citizens to revolt. Bitcoin allows this, darkcoin not so much.
I agree with you , but only because bitcoin was marketed as having an open and traceable ledger. Russia saw through the marketing and decided to ban everything. |
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Waramp22
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October 05, 2014, 05:06:36 PM |
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I agree with you , but only because bitcoin was marketed as having an open and traceable ledger. Russia saw through the marketing and decided to ban everything.
Russia also bans gay pride parades. While Russia is kind of awesome, it is old school compared to other 1st world countries. |
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sublime5447
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Merit: 1000
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October 05, 2014, 10:09:40 PM |
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No. The government can track bitcoin and in the future, they can tax it.
Darkcoin or other anonymous altcoins claim to be untraceable. Because of this, i cannot see how the US government would consider legalizing it instead of bitcoin.
How do you track bitcoin with tools like the darkwallet, coinjoin, and stealth addresses? By going to the exchanges and demanding accountability of frunds traded there. See no one gives a shit about a bitcoin but they care a lot about USD. When people trade they are not trading for coins they are trading for usd and what they are really trading for is what the USD can get them. They dont need to track every move just gains. |
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santaClause
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October 06, 2014, 03:35:54 AM |
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No. The government can track bitcoin and in the future, they can tax it.
Darkcoin or other anonymous altcoins claim to be untraceable. Because of this, i cannot see how the US government would consider legalizing it instead of bitcoin.
How do you track bitcoin with tools like the darkwallet, coinjoin, and stealth addresses? I have no idea, but for the average US citizen who pays taxes and isn't interested in hiding anything from the government, bitcoin makes perfect sense. There will always be a black market, scams, fraud, money laundering, people working for cash etc. The governments main interest is to tax as much money activity as possible without causing citizens to revolt. Bitcoin allows this, darkcoin not so much. darkcoin allows money laundering more then bitcoin does, however it will not be the breaking point that prevents people from having to pay taxes. It will be obvious if someone is paying an appropriate level of taxes based on their spending habits and standard of living. If they are claiming to be living in poverty but is driving a BMW then they are clearly not reporting all their income and charges would be brought against them |
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Sukrim
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Activity: 2618
Merit: 1006
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October 06, 2014, 10:00:50 AM |
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Ripple/Stellar are a real crypto,
wrong ripple: cryptographic secured transaction: no blockchain: no decentralised: no This is wrong. Transactions are cryptographically signed and secured, otherwise anyone could access anyone's balance... Blockchain: Yes, however unlike Bitcoin (which only stores a transaction tree in blocks) Ripple stores the AccountState (comparable to the UTXO set in Bitcoin) AND transactions in it's chain. This means bootstrapping is easier, as you only need a recent "block" (aka. ledger), not every block from the beginning. Decentralised: It depends. I would agree to a "no" for now, it is built to be decentralised though from the start. It is not clear what you mean by that term though, in your comment about stellar you write something about gateways, whcih doesn't make any sense. Since Stellar is just a fork of Ripple, the same is valid there. |
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chenka563
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October 06, 2014, 02:17:52 PM |
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Where is the 'new' wallet which is like a lite version that means you don't need to download the whole blockchain.
i Need it!
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pokerFace2
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October 06, 2014, 02:20:41 PM |
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Where is the 'new' wallet which is like a lite version that means you don't need to download the whole blockchain.
i Need it!
There are few such wallets. I use electrum. I believe multibit is lite version as well... |
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BrunesBTC45
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Activity: 103
Merit: 10
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October 09, 2014, 01:44:54 AM |
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Where is the 'new' wallet which is like a lite version that means you don't need to download the whole blockchain.
i Need it!
How about breadwallet? |
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voisine
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Activity: 115
Merit: 19
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October 19, 2014, 02:40:42 AM |
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Where is the 'new' wallet which is like a lite version that means you don't need to download the whole blockchain.
i Need it!
How about breadwallet? for iOS was the first mobile HD wallet using SPV (simplified payment verification, the lite version of the blockchain). On Android andreas schlindbach's wallet is SPV as well, and just recently added HD like breadwallet (which means it doesn't reuse addresses which helps protect your privacy) |
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