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Showing 20 of 20 results by cgriswold
Another article in regard to issues with Ethereum. https://medium.com/@skylar.hurwitz/ethereums-reign-as-ico-king-may-soon-be-at-an-end-f2cadeff9c31 ETH will lose more and more of the new ICOs according to this read
The most depressing thing for the ETH holders is that, no matter how much the fee is raised, many of the deals will be rejected.
The BTC can also increase the handling fee to be quickly confirmed, the ETH jam seems to have no solution.
As trading volume and block increase, the dominant position will be lost!
The BTC can also increase the handling fee to be quickly confirmed, the ETH jam seems to have no solution.
As trading volume and block increase, the dominant position will be lost!
agreed. ETH is slow and becoming more expensive. I'm in BTC since 2013 and remember the start for ETH at $3.00 - no fanfare, easy to use back then and smart contracts. It was best tech in the day. BTC was the best tech once as well. ETH isn't going away, but don't think there will be much more price appreciation; and the best new ICOs will move to the newer, faster, less expensive platforms.
ERC20 tokens are a pain in the ass. When looking for new altcoins I would rather download a new blockchain/node than add another token. Why is this? because I have attempted to download the enormous Ether BChain and never can complete the final 250 to 300 blocks. (I have read & tried many fixes...but it remains a pita).
If I feel this way, there are hundreds of thousands of others with same opinion.
In looking for Ethereum competitors, I found an article from Medium: 2018 Blockchain-as-a-Service (BaaS) Platform It compared the six top cryptos for business. The comparison was unbiased and provided clear comparisons. Ethereum has peaked. Looks like best competitors are XLM (Stellar) or ARDR (Ardor). In my opinion, I would bet on ARDR due to zero transaction cost and has a solution for blockchain bloat (big issue for me). the article can be found here -> https://medium.com/@dennis_z/2018-blockchain-as-a-service-baas-platform-review-part-i-a5483321dfb8
If I feel this way, there are hundreds of thousands of others with same opinion.
In looking for Ethereum competitors, I found an article from Medium: 2018 Blockchain-as-a-Service (BaaS) Platform It compared the six top cryptos for business. The comparison was unbiased and provided clear comparisons. Ethereum has peaked. Looks like best competitors are XLM (Stellar) or ARDR (Ardor). In my opinion, I would bet on ARDR due to zero transaction cost and has a solution for blockchain bloat (big issue for me). the article can be found here -> https://medium.com/@dennis_z/2018-blockchain-as-a-service-baas-platform-review-part-i-a5483321dfb8
Re: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake
When will the price of ARDOR come to the trend of upward? 
It is sad to see the continued drop of ARDOR price since its main net release. Why?
It is sad to see the continued drop of ARDOR price since its main net release. Why?
It will not be long before Ardor will find a new ATH. Be patient all altcoin again down trend.
April will be a beautiful month for everyone. Cheers ...
Compared to the peak price of ARDOR before its main net launch, the present price is only ~1/10.
I know that most of altcoins were going down. But ARDOR is among those having the largest dump.
ARDOR up 17+% today with little movement up by other alts. Looks like Korea is buying into ARDOR crazy prediction: ARDOR has bottomed and will not ever be this low again.
Re: I'm From The Government And I'm Here To Help You!: New York To Control Bitcoin
Control is moving forward; Please read this note from Vault of Satoshi:
Mar 06/2014 21:12 - Important announcement for US customers
It is with great regret to inform you that we will be ceasing our US operations effective today. If you reside outside the United States this does not affect you.
Weve made this decision not because of any specific legal challenge or threat, but because we feel the regulatory environment in the US is becoming increasingly hostile toward Bitcoin, and more specifically toward exchanges trading in digital currencies. Were heeding the warnings of Bitcoin Foundation and BitInstant founder, Charlie Shrem, who recently conducted a troubling interview with Lets Talk Bitcoin. If you want to hear more about the situation exchanges face operating in the US, we recommend you listen to episode 87 of Lets Talk Bitcoin here: http://letstalkbitcoin.com/e87-the-captive-and-the-mountain
Weve made repeated attempts to comply with FinCEN regulations, but their online form submission process will not allow us to post reports from our headquarters in Ontario, Canada. They refuse to accept printed paper reports, and their drop-downs dont include Canadian options, making it impossible to the file the required documentation properly in order to comply. Despite repeated inquiries into how to properly file reports from Canada, we have yet to receive a satisfactory response. Theyve literally made it impossible for us to run our business in compliance with their regulations.
This was best option for me to purchase btc. I assume other sites will most likely follow this with similar actions.
Mar 06/2014 21:12 - Important announcement for US customers
It is with great regret to inform you that we will be ceasing our US operations effective today. If you reside outside the United States this does not affect you.
Weve made this decision not because of any specific legal challenge or threat, but because we feel the regulatory environment in the US is becoming increasingly hostile toward Bitcoin, and more specifically toward exchanges trading in digital currencies. Were heeding the warnings of Bitcoin Foundation and BitInstant founder, Charlie Shrem, who recently conducted a troubling interview with Lets Talk Bitcoin. If you want to hear more about the situation exchanges face operating in the US, we recommend you listen to episode 87 of Lets Talk Bitcoin here: http://letstalkbitcoin.com/e87-the-captive-and-the-mountain
Weve made repeated attempts to comply with FinCEN regulations, but their online form submission process will not allow us to post reports from our headquarters in Ontario, Canada. They refuse to accept printed paper reports, and their drop-downs dont include Canadian options, making it impossible to the file the required documentation properly in order to comply. Despite repeated inquiries into how to properly file reports from Canada, we have yet to receive a satisfactory response. Theyve literally made it impossible for us to run our business in compliance with their regulations.
This was best option for me to purchase btc. I assume other sites will most likely follow this with similar actions.
OK, Overstock.com moved their acceptance date for Bitcoin forward by six months and took their first online order today with BTC for a patio set. http://finance.yahoo.com/news/bitcoin-comes-overstock-ceo-locks-170200259.html My initial guess of Amazon accepting for Cyber Monday/Black Friday is now looking pretty solid, unless of course, they move forward as well. Price of BTC is going up as a result.
Amazon will not accept bitcoin or any other crypto any time soon.
Amazoncoin is far from a coin, except for the name, it's like a voucher, I guess they tried to used the word coin to make it "rebrand" the voucher thing.
Overstock, as a first, will be a big experiment, we will see how it goes.
By the way, why do you think Amazon pays the standard rate to plastic? They must have a better deal
Amazoncoin is far from a coin, except for the name, it's like a voucher, I guess they tried to used the word coin to make it "rebrand" the voucher thing.
Overstock, as a first, will be a big experiment, we will see how it goes.
By the way, why do you think Amazon pays the standard rate to plastic? They must have a better deal
Amazon is most likely still paying 1%. This is an incentive to move away from plastic and the banking system.
Re: I can nearly pinpoint when American Capitalism started to die
No no, I meant, if I was in a capitalist system, why would I make robots and things if there is no one who is able to afford those robots and things because they don't have a job or make too little money?
Of course robots' manufacturers will target on the corporations who want to reduce costs by replacing expensive human labor with more cheap robots. Most likely they won't produce personal robots (household androids) in near future because R&D costs are sky-high so most people cannot afford buying them. Even Google have admitted about it.I own a few robots already; got one to vacuum and another turning on/off lights, appliances and controlling thermostat; I'm thinking about buying the lawnmower robot this coming summer. While these are simple robots, they would have been unbelievably expensive twenty years ago. The cost of the android/personal servant robot will eventually be affordable to the masses. As long as there is Market demand, they will be created in a Capitalist system. Robots will be making robots and people will have the funds to purchase. However, don't think a communist system will develop these, risk will not be viewed worthy of cost by the people/group making the decisions. BTW, Capitalism is not dying.
I created an account at Kraken a few days ago and deposited less than 3 btc due to their KYC/AML legal requirements/funding limits. After reading through their verification docs, and their welcome email, I found out there is a state by state approval process and my state is not approved. This limits me "as a Tier 1 user" to digital trades only and no deposit or withdrawals until my state is approved. I sent an email to customer support requesting an estimate of time for approval. Their immediate reply explains their overall volume will limit customer support responses for several business days. Has anyone gained additional information from Kraken regarding the timing for state by state approval process? Would appreciate any info. thank you.
2nd quarter of 2014
Still going with Late November 2014 (black Monday availability) Amazon will not offer before Overstock.com who targeted mid 2014 for BTC acceptance. http://bits.blogs.nytimes.com/2013/12/26/overstock-to-embrace-bitcoin-giving-the-currency-a-lift/?_r=0 When Overstock.com makes the move, there should be a significant rise in BTC price.
Re: I can nearly pinpoint when American Capitalism started to die
Are you saying people will stop trading things they own when robots start making everything?
Of course people will stop trading things. Nobody will have a job, so nobody will be able to pay for things. And we can't just get things for free, because the robots expect a paycheck, and if they don't get it then the robots will revolt and kill us all. Or something. Capitalism needs more respect. The robots would never be built if the capitalist system didn't provide the incentive and rewards for innovating the products (robots) needed by society. Governments have shown they are slow and inneffective in responding to Market demand. I worry about the Government killing me more than I worry about the robots.
More likely that Amazon will come out with its own currency.
They can try, but I don't see why people would adopt it.
Reason #1
Because it's fricking Amazon.
So people will buy into amazon's currency so they can spend it on Amazon? Might as well just vouchers. And any company can create their own money, but it wont be cryptocurrency.
If they did would it be 100% pre-mined?
Doubtful.
They'd probably "mine" it by offering rewards programs to get it into circulation. But it can only be spent on Amazon, issued by Amazon, etc. and might offer some value that cash doesn't, like "X amount off orders worth $Y" or expedited shipping, reduced sales tax, whatever.
Amazon likes to handle things in-house... they're the largest shipping operation in the history of humankind. Tens of thousands of outlets and warehouses. A whole internal system.
This kinda seems the opposite of what cryptos are about, but I guess it's only a matter of time before some corporation tries their own pre-mined Corporatecoin.
Oh, and YEAH, YEAH, YEAH!
http://blog.39degreesnorth.tv/wp-content/uploads/2010/10/bono_in_africasmall.jpg
No corporatecoin would ever be accepted by the masses or the media; not even Amazoncoin. After Overstock adopts btc, it is likely other retailers will follow. Another thread could be started on when Ebay/Paypal will accept. Bitcoin takes profit away from them so, actually more unlikely for EBay than Amazon. However, Online Retailers save money by using Bitcoin- - - No 1.5% payment to process creditcard plastic fees. This is big money & this is why online retailers will adopt someday.
It's not a question of whether or not bitcoin wins. I see btc as another hedge against inflation. If you happen to live in a country where currency values might dramatically decline, the btc is a good alternative. Don't think there's any chance btc will become the Global currency, but if you live in the USA where more money's been printed than Newspapers, then btc is almost a certainty to gain value against the dollar in 2014.
Some further info on acceptance; take a look at this article from Bloomberg Businessweek; http://www.businessweek.com/articles/2013-12-27/does-it-make-any-sense-for-overstock-dot-com-to-accept-bitcoin The CEO of Overstock.com says by mid 2014 they will accept Bitcoin. This was also listed by NY Times http://bits.blogs.nytimes.com/2013/12/26/overstock-to-embrace-bitcoin-giving-the-currency-a-lift/?_r=0 Black Monday for 2014 online purchases will most likely have many merchants accepting bitcoin, and if this occurs, how much will this drive up the value of the Bitcoin? Is $2,000 likely if this happens?
Saw this item on Amazon http://www.amazon.com/999-Fine-Copper-Bitcoin-Commemorative/dp/B00DEY7JYO/ref=sr_1_4?ie=UTF8&qid=1388288211&sr=8-4&keywords=bitcoin It is a commemorative Bitcoin. Purchases now possible only with cash or credit. My guess is I will be able to buy this item on Amazon using Bitcoin for next year's Christmas season. I am interested in other estimates on when this will happen.
Referred by another newbie. Great info on here. I got lucky and bought over 10 btcns 18 months ago, didn't have any idea value would go from $12ea to today's rates. Now, I've got to learn more about trading and where to go moving forward. Good luck to all, stay away from the scammers.