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This is about how we trust the "book-keepers" and admins of transactions, how you have trust in a decentralised system. PoW forces the book-keepers to expend energy in a digital lottery where they try to guess the right number, competing against all the other book-keepers who are guessing as well; if a book-keeper tries to censor transactions, but fails to guess the right number for the block, their energy is wasted, and the transaction can get through any of the other book-keepers who aren't censoring anyone and happen to guess the right number.
That random nature of the contest, and being forced to expend actual "work" that costs something to do, is how you get trust decentralised.
That random nature of the contest, and being forced to expend actual "work" that costs something to do, is how you get trust decentralised.
This seems to be the right answer.
Re: Did The Inventors of the Internet Want A Native Currency Early On?
I think this might be what you have seen::
"The HTTP 402 Payment Required is a nonstandard response status code that is reserved for future use. This status code was created to enable digital cash or (micro) payment systems and would indicate that the requested content is not available until the client makes a payment."
https://developer.mozilla.org/en-US/docs/Web/HTTP/Status/402
Can't find where the original source is but it might be from the W3C when HTTP protocols were getting standardised.
Edit : It's in the protocol W3C released in 1997, so not really the early internet even if it was discussed for years first.
"The HTTP 402 Payment Required is a nonstandard response status code that is reserved for future use. This status code was created to enable digital cash or (micro) payment systems and would indicate that the requested content is not available until the client makes a payment."
https://developer.mozilla.org/en-US/docs/Web/HTTP/Status/402
Can't find where the original source is but it might be from the W3C when HTTP protocols were getting standardised.
Edit : It's in the protocol W3C released in 1997, so not really the early internet even if it was discussed for years first.
This is exactly what I was looking for, thank you.
Re: Did The Inventors of the Internet Want A Native Currency Early On?
History is by people and their demand, products to satisfy their demands.
In the past, no Internet
In the past, with Internet, no e-commerce
Later we have Internet, e-commerce growth and adoption.
Since 2009 we have Bitcoin as a peer-to-peer electronic cash for everyone with their own banks.
Platforms can create their own currencies to internal payments, tipping but they must be allowed by local laws, legislation, governments, central banks. Less freedom with their native currencies than with Bitcoin.
In the past, no Internet
In the past, with Internet, no e-commerce
Later we have Internet, e-commerce growth and adoption.
Since 2009 we have Bitcoin as a peer-to-peer electronic cash for everyone with their own banks.
Platforms can create their own currencies to internal payments, tipping but they must be allowed by local laws, legislation, governments, central banks. Less freedom with their native currencies than with Bitcoin.
For sure a bot, right?
Did The Inventors of the Internet Want A Native Currency Early On?
I have always heard that there were discussions, debates, papers, etc. wherein the inventors of the internet early on (in the 80s, even 70s) recognized that a protocol for money built right into the internet was a good idea. But... where is the evidence of this? Where are the papers? Who were the computer scientists discussing this?
Does this rumor come from a book? Who said they were discussing a native internet currency that early on? Where are the receipts?
And further, did they actually say it was because of the Byzantine General's Problem that this was impossible at the time? If anybody can point me in the direction of some sources for this idea, I would greatly appreciate it!
Does this rumor come from a book? Who said they were discussing a native internet currency that early on? Where are the receipts?
And further, did they actually say it was because of the Byzantine General's Problem that this was impossible at the time? If anybody can point me in the direction of some sources for this idea, I would greatly appreciate it!
Just wanted to pop in and say I highly recommend jayrob's editing services. I went through four other editors before finding him, and wish I would have found him first because he truly took interest in my project and worked with me to make it better than I could have hoped.
If you are looking for a skilled editor with tons of experience and who will really cares about the success of your project, I don't know of anyone better out there. And I've looked.
If you are looking for a skilled editor with tons of experience and who will really cares about the success of your project, I don't know of anyone better out there. And I've looked.
2017 - 2018 and 2019 has been quite challenging for crypto services, blockchain and bitcoin. Would like to have a read of the entire book , please send me a PM with details, cheers
I have enough readers now to get good feedback, but you can still beta-read if you don't mind giving feedback without getting paid in return. Let me know if that's okay.
Hello,
I can send you a selection of three chapters if you are willing to give feedback. Are you more interested in the technology or in acquiring?
Also, you will have to make more posts in the forum before I can send you a PM with the book, the forum will not allow me to send you a PM yet.
Or is there any requirement that's been needed before I can get anything from forum members,? that I am missing.
Yes, you have to make more posts before anyone can send you Personal Messages.
2017 - 2018 and 2019 has been quite challenging for crypto services, blockchain and bitcoin. Would like to have a read of the entire book , please send me a PM with details, cheers
I have enough readers now to get good feedback, but you can still beta-read if you don't mind giving feedback without getting paid in return. Let me know if that's okay.
Hello,
I can send you a selection of three chapters if you are willing to give feedback. Are you more interested in the technology or in acquiring?
Also, you will have to make more posts in the forum before I can send you a PM with the book, the forum will not allow me to send you a PM yet.
2017 - 2018 and 2019 has been quite challenging for crypto services, blockchain and bitcoin. Would like to have a read of the entire book , please send me a PM with details, cheers
I have enough readers now to get good feedback, but you can still beta-read if you don't mind giving feedback without getting paid in return. Let me know if that's okay.
Hello,
I have recently completed writing a book on Bitcoin which I will publish very soon, but I need to get some feedback from some Bitcoin savvy beta-readers. The book is 160,000 words in total. I will pay $40 in Litecoin for someone to beta-read the entire book and give good feedback, or $10 in Litecoin for someone to read a selection of three chapters and give good feedback.
Let me know if you have any questions. Thanks.
I have recently completed writing a book on Bitcoin which I will publish very soon, but I need to get some feedback from some Bitcoin savvy beta-readers. The book is 160,000 words in total. I will pay $40 in Litecoin for someone to beta-read the entire book and give good feedback, or $10 in Litecoin for someone to read a selection of three chapters and give good feedback.
Let me know if you have any questions. Thanks.
Re: [WTS] Version 1 Casascius 1 BTC Unredeemed **reduced price**
Reduced price down to 1.3 BTC!
That is a damn good price..if i didnt have these in my collection already...it wouldve been mine.
bump
Do you accept escrow?
absolutely if buyer wants it.
A Silver goes for 1.5 btc and you think 1.4 is discounted for 2011 error ?
It's pretty comoon
last one went for 1.15-1.2
It's pretty comoon
last one went for 1.15-1.2
Do you have a link for the one that went for 1.2? I'm seeing graded going for 1.7, ungraded going for 1.5.
1.2 doesn't even cover the fork value...
[SOLD] Version 1 Casascius 1 BTC Unredeemed **reduced price**
Casascius Version 1 Unredeemed Error 1 BTC
+ capsule
Buy It Now: 1.3 BTC
I am selling 1 x 1 BTC Casascius Physical Bitcoin. The Coin will be shipped still in its capsule. It is Version 1, brass, with error, and unredeemed which you can verify with first bits 185S7Vnf. I bought this coin directly from Mike Caldwell in 2011 though never got it graded. It is in good condition but there is slight smudging and smearing from handling, for this reason I am selling at a discount from the usual market price of an ungraded Version 1. I gave this coin to my grandmother in 2012 so she could have something for a rainy day, and she now wants to sell it. It looks like she may have handled it with her bare hands, but it is still a glorious coin as you can see from the pictures. For this reason instead of the 1.5 BTC these ungraded coins are currently going for, I am selling this one for 1.3 BTC.
I will pay shipping to US, buyer will pay shipping if international, and if the buyer wants Insurance or Escrow that will also be paid by the buyer.
Whoever is first gets it.
I've been thinking. Maybe the solution to buying coffee, and people around the world buying groceries with crypto, could be solved in a rather old fashioned way.
In the past, paper currency was backed by gold. Maybe we need a cryptocurrency that is fast and cheap, but derives value from being backed by Bitcoin. It would need to be backed in such a way that it is permanent, like a smart contract or something, so that there is trust that it will never be pulled off of the "Bitcoin standard" etc.
Could Ethereum facilitate such a currency? Perhaps a smart contract that holds an amount of BTC and automatically "sells" it's currency for BTC, and "buys" it's currency with BTC, at a set rate. If you send the contract 1 BTC it gives you 100,000,000 of these units. (which can be divided to two decimal places) minus the ether fees to perform the action.
This would solve a lot of problems I think, and birth a Medium of Exchange currency that could compete with national currencies.
In the past, paper currency was backed by gold. Maybe we need a cryptocurrency that is fast and cheap, but derives value from being backed by Bitcoin. It would need to be backed in such a way that it is permanent, like a smart contract or something, so that there is trust that it will never be pulled off of the "Bitcoin standard" etc.
Could Ethereum facilitate such a currency? Perhaps a smart contract that holds an amount of BTC and automatically "sells" it's currency for BTC, and "buys" it's currency with BTC, at a set rate. If you send the contract 1 BTC it gives you 100,000,000 of these units. (which can be divided to two decimal places) minus the ether fees to perform the action.
This would solve a lot of problems I think, and birth a Medium of Exchange currency that could compete with national currencies.
if bitcoin hits 10k that 5 cents turns to 10 cents. personally, im not trying to give anyone a damned bit of my bitcoin, please have some inflationary USD 
Great idea, but I think the majority of youtube posters thrive on the comments section being free. i will never pay to comment; someone could talk shit about my mom and I would stare at the video and be like "man, thats cold, but they arent getting my btc. mom will be alright".
Great idea, but I think the majority of youtube posters thrive on the comments section being free. i will never pay to comment; someone could talk shit about my mom and I would stare at the video and be like "man, thats cold, but they arent getting my btc. mom will be alright".
well, with LBRY for instance, you would be paying 2 LBRY tokens, not BTC
