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Showing 6 of 6 results by Voodont
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Board Altcoin Discussion
Re: Ethereum's Switch to PoS.
by
Voodont
on 28/05/2018, 12:21:59 UTC
Quote from: warcarft3 on May 28, 2018, 10:45:06 AM
The pos system is no doubt more resource-conserving than the pow system. It does not waste your computer hardware, but we all know a cost-profit method. If Ethereum uses pos, the mining costs of Ethereum will be reduced, which may affect the price of Ethereum.
Quote from: Cordenne on May 28, 2018, 10:33:52 AM
Another question to pose, once Ethereum moves to a PoS system, how will Ether be generated? What will this do for Ethereum prices?

I assume you’ll will get a return on investment for handling block transactions. I believe it will raise prices since, there will be an increase in demand. The ETH staked will be locked up and decrease the circulating supply. Currently there is no supply cap.
Post
Topic
Board Altcoin Discussion
Re: Hodl or Fodl
by
Voodont
on 25/05/2018, 12:10:22 UTC
Quote from: Jiralhanae on May 22, 2018, 08:55:26 AM
Hey Guys

Which cryptocurrencies would you Hodl or Fodl?
Please state your reason why

  mine:
Bitcoinl
*Bitcoin is father of cryptocurrency but I don't see it as the future of cryptocurrency
Bitcoin Cash< Hodl
*There is exciting things to come from the developers of the Bitcoin Cash
Ethereum< Hodl
*Simple answer: Blockchain technology rated ar 1st out 28th cryptocurrency
Ripple
*It's centralized and I don't see the really use of the coin
Dash
* anonymity and fast transaction


Right now I would hodl Bitcoin. Prices are down, but I trust they will rise when the buyers market takes hold.
Bitcoin cash I would most probably fodl. Although future improvements could see more buy ins. Its an investment to consider.
Ethereum is definitely an up and coming coin in my opinion. The technology behind Ethereum opens up opportunities. I think it may surpass Bitcoin. Maybe not anytime soon but it may possibly be the coin of the future.
I wouldn't really hodl Ripple. The fact that its centralized doesn't do it for me.
Dash has some potential but I haven't invested as yet.
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Topic
Board Beginners & Help
Re: What happend 2140 all BTC are mined
by
Voodont
on 24/05/2018, 13:59:15 UTC
Quote from: ballexplorer on May 02, 2018, 12:26:59 PM
What happens in 2140 when the last BTC was mined with the confirmations of the transactions in the blocks and thus with the block rewards. There should not be more BTC than Rewards, because 21 Mill BTC were gemined.
How are the transactions then confirmed?

In theory transaction fees will "reward" the miners, but unless computers become smaller, faster, and smarter, then I doubt there will be any profit in this. One solution to this is to move over to a proof of stake system, but then again, how will this really effect Bitcoin prices? 2140 is a long time away... Its hard to say how many advancements there will be. Perhaps there will be a whole new system altogether.
Post
Topic
Board Bitcoin Discussion
Re: People are joking about Bitcoin
by
Voodont
on 23/05/2018, 10:05:46 UTC
Quote from: sagor0707 on May 20, 2018, 12:12:27 AM
In recent times, some new ICO companies have been kidding about Bitcoin on Twitter, Facebook for their ICO promotion. I think this promotion way is very negative for Bitcoin. They showed that Bitcoin will be destroyed and their token will become number one. They have presented it in such a way that the price of Bitcoin will not rise anymore. I think this type of promotion is  very negative in the market.

Its all really a marketing technique, a negative one though. By placing bitcoin in a bad light in makes their own coin look more promising. But i doubt that it will be successful. Bitcoin is the most successful coin and is most likely to remain so for some time. Unless their systems work better than Bitcoin and is factually proven its all just useless bashing.
Post
Topic
Board Economics
Re: Bitcoin can be useful for a troubled economy
by
Voodont
on 22/05/2018, 11:30:30 UTC
Quote from: Warwendal on January 11, 2018, 07:23:02 AM
Goldman Sachs: Bitcoin can be useful for a troubled economy

According to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy.

 Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided.

Goldman Sachs experts: crypto-currencies can help the troubled economy



Inflation, poverty, lack of jobs and corruption are among the problems that Crypto can help people in developing nations solve. Cryptocurrencies such as Bitcoin give those in unstable economies another option to protect themselve. Cryptocurrencies can reduce remittance fees to developing nations, and improve banking access, help raise capital and end corruption.
Post
Topic
Board Economics
Re: Blockchain future
by
Voodont
on 22/05/2018, 10:53:52 UTC
Quote from: RuthaRubenstein on May 17, 2018, 02:08:31 PM
Blockchain is the grandfather of all crypto platform and as such, so generally there is a chance that cryptoz will survive for ever.

Blockchain Technology isn't necessarily the grandfather of Crypto, more like the support structure, the "skeleton" of the system. But as a platform for innovation, Crypto is likely sustainable. The future of financial systems could be dominated by blockchain technologies creating advancement and improvement to make it more effective and efficient. The uses of Blockchain is limitless. So much can come of it.