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Showing 20 of 69 results by StatusSeeking
The position of Bitcoin is undoubted,however, other digital currency also own potential to be the best one. There is no sign that the best one is not best ones.
The anonymous transactions feature is currently the next best thing and there's no technology that can provide it better than CryptoNote. I think CN based coins are potential winners in the long run.
What's going to happen to all that hardware when every block has been found?
Are the processors too specific to to anything else?, or will we see some interesting projects that create new algorithms to make use of all that running infrastructure?
Are the processors too specific to to anything else?, or will we see some interesting projects that create new algorithms to make use of all that running infrastructure?
If the 1mil per month figure was accurate, they'd need a pretty profitable gambit to keep the infrastructure going. I'd imagine they'll sell what they can at bulk rate, or it'll be outdated enough at that point they just sell it for scrap.
There will certainly be a period where they will coexist for a time. This transitionary period could possibly be quite lengthy. But in the end, there will simply be no competing against a deflationary currency. When you throw a deflationary currency among inflationary currencies, it starts acting as a black hole absorbing all the wealth in the world. This doesn't even take into account that bitcoin is more than a currency and cannot be seen in just this light.
Yeap my thoughts exactly too
Dear BitPay. Destroy Coinbase.
Thanks.
Thanks.
Nah man. Competition is good. It's bad to have a single point of failure.
Re: One of the best TV interviews on smart contracts in quite a while
Isn't this a scaled down version of Open Transactions that can't do microtransactions or ensure the safety of deposits with voting pools?
It also - as I understand - allows users to trade over 75,000 tickers of securities in ALL major asset classes and vehicles in ALL major exchanges throughout the world
"soon be able to switch from real money to digital currency when paying with a single card
All 5 million of these people have moved actual money into these accounts".
I don't think these people know what real money is, much less Bitcoin. A lot of these startups seem to be missing the point of Bitcoin. They are trying to integrate the old insecure system with Bitcoin. Why mix in a card-like system that depends on a third party if Bitcoin already has direct payment options? You're just making it less secure.
All 5 million of these people have moved actual money into these accounts".
I don't think these people know what real money is, much less Bitcoin. A lot of these startups seem to be missing the point of Bitcoin. They are trying to integrate the old insecure system with Bitcoin. Why mix in a card-like system that depends on a third party if Bitcoin already has direct payment options? You're just making it less secure.
There will be a transition phase. You can't expect people to just jump from the one to the other. Hybrid systems will be with us for a long time.
This. As much as these centralized services fly in the face of the decentralized nature of Bitcoin, there will be this transitional period where they make sense.
Re: Rest easy Bitcoin is a CIA NSA project - Gavin Bell gets a mention : D
What a surprise. Mr "Cypress" is a retarded conspiracy theorist.
its possible ..... dude think about it
So who tells the core developers what to do?
The Bitcoin industry & Bitcoin foundation... AKA those who pay their bills...and indirectly the miners. But because of it being open source and transparent this become harder. For the rest this article is pure FUD!
Re: One of the best TV interviews on smart contracts in quite a while
Isn't this a scaled down version of Open Transactions that can't do microtransactions or ensure the safety of deposits with voting pools?
This would be better described as a scaled up version of Open transactions (for financial traders/investors/speculators/natural risk producers and consumers) that can not only do microtransactions, but ensures safety of deposits through a pure bitcoin smart contract solution through the bitcoin blockchain (no off chain transactions, no sidechains, not alternative blockchains - all bitcoin).
Re: ChromaWallet (colored coins): issue and trade private currencies/stocks/bonds/..
If a small nugget of bitcoin is like an ounce of gold,
Then this would be like taking the gold, hammering it flat, and writing "House Title" on it.
You could "melt" all these little satoshis back to bitcoins, probably.
Then this would be like taking the gold, hammering it flat, and writing "House Title" on it.
You could "melt" all these little satoshis back to bitcoins, probably.
Re: Ecuador: The First Country to make it's own CrytoCurrency
What makes bitcoin bitcoin is incompatible with central state control. This is to say that you can't centralize a concept that relies on decentralization as a premise and expect things to work out. A "government cryptocurrency" is just fiat by another name.
Well spoken. It's laughable that people still don't seem to fathom this. In /r/buttcoin, one of the primary arguments that Bitcoin will fail is that "ultimately banks will just launch their own cryptocurrency and back that one" as if that makes any sense.
Damn, I've said some of these things.. 
Who doesn't? (as an "early adopter")
I would drop some coin for Bitcoin the Musical!
I'd be down for that
Actually my next project is Bitcoin the comic, where bitcoin girl fights the federal reserve...You should throw in a tip address on youtube. That should really be a "thing".. sooner than later