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Showing 16 of 16 results by T.Perry123
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Board Speculation (Altcoins)
Re: the future of bitcoin forks?
by
T.Perry123
on 04/06/2018, 09:54:33 UTC
Quote from: Havanese on May 31, 2018, 11:32:00 AM
Quote from: Formonn on May 31, 2018, 11:08:17 AM
Quote from: john1010 on March 31, 2018, 03:46:18 PM
“Bitcoin forks are kind of the new altcoin. We are going to see now a bunch of Bitcoin forks. And they are going to start replacing some of the top hundred altcoins.” Well this saying are true, there's a lot of btc fork are coming this year.. We are only the one who will chose what is best for us.
This is so true. I just heard of this new Bitcoin fork called Bitcoin Origin. Apparently it's a "Penta-fork" from the top 5 coins. Thoughts on this one? Not quite getting the idea of their Proof of Ambassador consensus algorithm, so any help would be appreciated, if you've heard of this one. https://www.bitcoinorigin.io/ is their home page with the whitepaper, team and everything else you'd be interested in looking at.

Hey there, I have been hearing the talks about this Multi fork. It's sounds like they talk a 'BIG' talk on their a new approach to the Blockchain technology.
Introducing innovative such as Proof of Ambassador consensus protocol, Multi- state engine and serveless Blockchain. I will admit that now I have never heard of these innovatives before I am still unsure about this fork but it is worth looking into. 

From what I understand their Proof of Ambassadorship is a hybrid consensus approach to Proof of Authority and Proof of Stake. This was mentioned in their position paper, but other than what's explain in the paper, its still unclear as to how exactly it will function. I think it's an interesting consensus to consider however. I like the idea that their alt coin is totally self funded. It makes the whole project that much more transparent and trustworthy.

Post
Topic
Board Speculation (Altcoins)
Re: Do you think this year will be Red?
by
T.Perry123
on 04/06/2018, 09:32:33 UTC
I do think that the price will make a steady recovery. From what I'm seeing the price seems to have ceased dropping and has now stabilized somewhat. Perhaps it was red in the beginning of this year but I think as the year goes on, the price will rise.
Post
Topic
Board Altcoin Discussion
Re: what makes you trust a new altcoin?
by
T.Perry123
on 04/06/2018, 09:22:08 UTC
Quote from: Nimblecrown on June 04, 2018, 06:36:07 AM
When looking at a new coin, I do a lot of research on the particular coin and all it has to offer me or the real world application. The more information, the better. If the coin has a lot of unrealistic ideas then I am more likely to be hesitant. When a project, such as Bitcoin Origin per say, has a lot of potential upside to it in terms of ambitious ideas but achievable aims such as a multi-fork or a severless Blockchain, then I am much more likely to invest in such a project. There has to be a balance in the amount of strengths and weaknesses. They have a large amount of potential at Bitcoin Origin if it goes well so keep an eye out for that and read up on their whitepaper
Here's their whitepaper to make it easier for you: https://www.bitcoinorigin.io/pdf/BitcoinOrigin-PositionPaper.pdf

I've also read this position paper and what stood out to me was that there is no ICO for this coin, rather, its self funded which leads me to believe that the founders have great faith that their coin will succeed. I like the transparency behind this project.
Post
Topic
Board Economics
Re: Anybody know what happens when Bitcoin hits 21M circulating supply?
by
T.Perry123
on 04/06/2018, 08:57:02 UTC
In theory transaction fees will be what solely rewards the miners. In reality though, unless computers become smarter, faster and smaller this wont be profitable most likely. But I'm sure by then that another currency with a more Eco-friendly consensus, and more profitable rewards will surface. We should start looking to more sustainable Cryptos. There are many coins that are potentially "better" than bitcoin.
Post
Topic
Board Altcoin Discussion
Re: What coins do you like besides Ethereum?
by
T.Perry123
on 01/06/2018, 11:09:39 UTC
Quote from: Hibiscea on May 31, 2018, 10:33:24 AM
My go to Altcoins besides Ethereum would be:
1.Tron
2. Steem
3. Stellar
4.ITOA
5.Bitcoin Origin

PLEASE NOTE THAT:
The last one isn't an Altcoin (yet)  but it is an upcoming project to be more specific it's a multi fork that caught my attention with their Blockchain tech which they are looking to replace PoW with PoA(Proof of Ambassador a greener solution. 


The last one sounds very promising. I've actually looked into their proof of ambassadorship and its an interesting concept. I cant wait for this coin to launch.
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Topic
Board Beginners & Help
Re: Token and Coin
by
T.Perry123
on 31/05/2018, 12:00:14 UTC
Quote from: Cordenne on May 31, 2018, 09:22:24 AM
I also have another question to pose, What is an ERC20 tocken? What is it used for? I see this word thrown around allot but I'm not understanding?


They are tokens which can be bought, sold, or traded and may also be used in conjunction with Ethereum and represent digital assets that can have a variety of values attached. These tokens don’t have their dedicated blockchain and thrive on Ethereum’s blockchain instead, much like any other token described above.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ICO] BitcoinOrigin- World's first Multi-Fork meets serverless Blockchain
by
T.Perry123
on 31/05/2018, 11:45:52 UTC
Quote from: Arnegisel on May 30, 2018, 11:49:19 AM
So I saw this article yesterday on the cointelegraph website: https://cointelegraph.com/news/buy-bitcoin-sell-your-altcoins-says-pioneering-wall-street-blockchain-analyst

What I'm curious about now is, will this new fork affect Mr Bogart's analysis of the situation, because from what I've heard, this Bitcoin Origin is gaining a lot of traction already?

I personally think it will effect his analysis. Because its already gained a large following, whatever happens to the project may effect other things. But hopefully positive. I have a lot of faith in the project.
Post
Topic
Board Altcoin Discussion
Re: Alt coins worth buying
by
T.Perry123
on 31/05/2018, 11:37:30 UTC
Quote from: Risoria on May 31, 2018, 10:07:12 AM
Quote from: Cordenne on May 30, 2018, 12:44:30 PM
There is a new project that caught my attention. Earlier on a read about "Bitcoin Origin". It seems like it may be something worth looking into, gaining attention quite quickly.
https://www.prnewswire.com/news-releases/announcing-bitcoin-origin-an-innovative-new-approach-to-blockchain-technology-300642320.html
I've also heard talk about this. The worlds first multifork, not entirely sure how the Proof of Ambassador consensus will work but it seems rather promising. Who out there will be claiming their coins?

Proof of Ambassador is a hybrid consensus approach to Proof of Authority and Proof of Stake. There is a better and futher explanation on their position paper. Id like to see how this all works out. If it does I'm super excited to see how far this project will go.
https://www.bitcoinorigin.io/pdf/BitcoinOrigin-PositionPaper.pdf
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ICO] BitcoinOrigin- World's first Multi-Fork meets serverless Blockchain
by
T.Perry123
on 30/05/2018, 11:31:51 UTC
This seems like a very interesting and innovative idea. I recently came across their whitepaper. Perhaps its worthwhile?
https://www.bitcoinorigin.io/pdf/BitcoinOrigin-PositionPaper.pdf
Post
Topic
Board Announcements (Altcoins)
Re: [ANN - ICO] Bitcoin Origin: World's first Multi-Fork meets serverless Blockchain
by
T.Perry123
on 30/05/2018, 10:24:41 UTC
Quote from: dietmarfritz59 on May 10, 2018, 05:35:32 PM
Your roadmap says your whitepaper should be completed by now, but I cannot seem to find it anywhere. Do you have a link I could go to?

I recently came across their whitepaper, it seems quite promising and innovative? Do you think it will be prosperous?
https://www.bitcoinorigin.io/pdf/BitcoinOrigin-PositionPaper.pdf
Post
Topic
Board Altcoin Discussion
Re: Ethereum's Switch to PoS.
by
T.Perry123
on 28/05/2018, 13:06:18 UTC
This is an idea that interests me, but firstly, how much minimum Ether is required to stake? What will be the interest rate be?
Post
Topic
Board Economics
Re: Will the bitcoin be outdated by another currency?
by
T.Perry123
on 25/05/2018, 10:40:00 UTC
Quote from: waywethe on April 03, 2018, 04:02:39 PM
No altcoin can be compared to Bitcoin and Bitcoin will forever be a king in Crypto. But if you want to overthrow Bitcoin, only ETH can do it. Because ETH is also developing strongly and is trending up like Bitcoin before


I agree, although Bitcoin is the "King" of all Cryptos, unless we see Bitcoin making some amendments to its protocol we may see more innovative alt coins rising up to take its place. Ethereum is one of them. Although it has much catching up to do in the markets I think its a possibility. China recently ranked Cryptocurrencies and Bitcoin was not in the Top 10. The index is based on three criteria: technology, application, and innovation. Ethereum came first, while Bitcoin was only 13th.

https://cryptonews.com/news/china-ranks-cryptocurrencies-and-bitcoin-is-not-in-top-10-1806.htm
Post
Topic
Board Politics & Society
Re: Zimbabwe’s announcement about the use of Crypto.
by
T.Perry123
on 25/05/2018, 09:04:14 UTC
Quote
Venezuela is an example of a government that engaged in Crypto dealings to elevate their economic crisis. Venezuela ordered the issuance of a Cryptocurrency that is backed
by the country's oil reserves, since the country is nearing a collapse of their traditional currency, The Petro will promote development of infrastructure and manipulation-free markets, all thanks to technology. Venezuela's government, is to release US$1 billion into the economy obtained through the sale of the Petro. The Cryptocurrency is also a way around restrictions on holding foreign currency.

Who would give a vote of confidence to a bank that hasn’t even been able to maintain public confidence in the traditional currency? Since the Cryptocurrency is “the way around restrictions”, it violates sanctions put in place last August? Critics predict that the Petro could become a shitcoin should Maduro be forced out of power. The Petro would collapse, holders of the coins would be unable to exchange them as it would likely be declared illegitimate by a new government. With corrupt Venezuelan officials, nothing about the election was free or fair. Venezuela has fallen to a dictator, (is this not why they refer to it as a warlord coin?) Can you really see improvements for an economy with a fraudulent president?
Post
Topic
Board Speculation
Re: Cause of volatility of bitcoin ?
by
T.Perry123
on 23/05/2018, 09:19:20 UTC
Quote from: altcoinanalyst1 on May 20, 2018, 11:52:04 AM
Hello guys, In 2017, Bitcoin’s price soared from 1,000 usd to just under 20,000 usd before dropping down to around 13,000 usd at the end of the year. Since then, its value has risen and dropped sporadically from day to day. now its around 8,300 usd. So what may cause this drastic change of bitcoin value ?

One reason Bitcoin is so volatile is due to market size. Small markets are more vulnerable to fluctuations in supply and demand. Government regulations could also contribute to bitcoin’s intense volatility. When news is positive, it can spur investor interest as well, causing price fluctuations too.


Post
Topic
Board Beginners & Help
Re: Controlling Bitcoin
by
T.Perry123
on 22/05/2018, 13:58:11 UTC
Quote from: cryptomaster4 on May 01, 2018, 04:22:49 PM
Can any government control bitcoin?or add taxes for btc users?

Governments cant really "control" bitcoin, however they can enforce regulations. They cant really tax the transactions that take place within the bitcoin platform as the identity of each trader is unknown but once transactions leave the bitcoin platform and are traded for fiat they can be traced and the government can regulate and monitor them. By creating something that is detached from any regulating authority, it removed all control of governments and central banks and so regulation will require a well-coordinated effort across almost all economies.
Post
Topic
Board Beginners & Help
Re: What will happen when the mining ends?
by
T.Perry123
on 22/05/2018, 13:32:21 UTC
Quote from: socks435 on May 21, 2018, 11:17:05 PM
Quote from: Lady Ong on May 21, 2018, 11:02:44 PM
If BTC is mined and nothing more to mine then I believe a new ICE project will be develop to keep this mining machine working in the future...
No, it's not, after all bitcoins are mined I think bitcoin will still stay active and miners still can earn by mining they can still get earn in transaction fees of all miners are gone the bitcoin transaction will be going to slow down like what happened in the past few days the traffic increase and the transaction are stuck because of higher demand of bitcoin and fewer miners.

We can avoid these issues all together if we switch to something more sustainable like POS instead of relying on POW to validate transactions. I highly doubt transaction fees will cover the expenses of running these miners once all coins are in circulation unless we find a cheaper and faster way of validating transactions.