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Showing 9 of 9 results by cryptopass
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Topic
Board Bitcoin Discussion
Re: Forum moderation policy
by
cryptopass
on 17/09/2017, 05:25:31 UTC
Bitcoin forum moderation policy is being abused to censor valid options for bitcoin BTC users to consider.

A proposed new litmus test for "is it an altcoin?" to be applied within existing moderation policies:

    If the proposed change is submitted, and accepted by supermajority of mining hashpower, do bitcoin users' existing keys continue to work with existing UTXOs (bitcoins)?

It is clearly the case that if and only if an economic majority chooses a hard fork, then that post-hard-fork coin is BTC.

Logically, bitcoin-XT, Bitcoin Unlimited, Bitcoin Classic, and the years-old, absurd 50BTC-forever fork all fit this test. litecoin does not fit this test.

The future of BTC depends on firmly in the hands of user choice and user freedom. Criticizing what-BTC-might-become posts are antithetical to the entire bitcoin ethos.


Post
Topic
Board Bitcoin Discussion
Re: If bitcoin has enemy (except altcoin) what is it?
by
cryptopass
on 17/09/2017, 05:12:33 UTC
 Bitcoin is a currency that has gained a lot of enemies. Companies that want to operate using the virtual currency struggle to create bank accounts, as a result. Especially, Banks and other financial institutions are seeing it a threat to their existence, because big transactions and fund transfer and investment are also possible via bitcoins right now.Banks and financial institution are thinking that their business is going to be scaled down. This type of phobia is meaningless.If banks & financial institutions become bitcoin exchanger and allow bitcoin as medium of transaction, their business will be scaled up.
Post
Topic
Board Altcoin Discussion
Re: Alternative Block Chains : be safe!
by
cryptopass
on 16/09/2017, 18:26:16 UTC
Far from being an unprecedented breakthrough, with unintended consequences, the blockchain technology stack is a culmination of decades of cryptography and security research.

The 1970s cryptography breakthrough of the Merkle tree and the distributed hash tables of the 1990s combine to create autonomy, fault tolerance and scalability for distributed systems. They're the tools that built famous decentralised applications like BitTorrent, Napster and Freenet.Bitcoin's most impressive contribution is recognising the synergies between this field of distributed communications and file sharing systems, and digital currencies, which had seen many false starts prior to Bitcoin's success since 2009.

The key was Hashcash, a system proposed in 1997 to limit and suppress email spam and denial-of-service attacks. Hashcash is an algorithm that requires the sacrifice of processing power as a security mechanism. This proof-of-work creates the incentive structure and network verification that now powers cryptocurrencies.

The final step is the addition of smart contracts to the blockchain stack, a name coined by Nick Szabo as early as 1993. Smart contracts are algorithmic; a type of self-executing code which enables more complex asset transfer and the automated exchange of rights. These are the building blocks of a complete programming language, and the more advanced blockchain applications such as those envisioned by Ethereum.

What we get is a set of security tools that are very good at coordination between mutually unknown actors and secure data or value transfer. We think of blockchains as having four key characteristics to this end: they're cryptography-based, distributed, peer to peer, and, in many cases, open source.
Post
Topic
Board Altcoin Discussion
Re: Beware of Increasingly Sophisticated Malware Infection Attempts
by
cryptopass
on 16/09/2017, 18:10:33 UTC
Malware, short for malicious software, is an umbrella term used to refer to a variety of forms of hostile or intrusive software,[1] including computer viruses, worms, Trojan horses, ransomware, spyware, adware, scareware, and other malicious programs. It can take the form of executable code, scripts, active content, and other software.[2] Malware is defined by its malicious intent, acting against the requirements of the computer user - and so does not include software that causes unintentional harm due to some deficiency.Malware is sometimes used broadly against government or corporate websites to gather guarded information,[7] or to disrupt their operation in general. However, malware is often used against individuals to gain information such as personal identification numbers or details, bank or credit card numbers, and passwords. Malware infection may become a reality for bit coin users also. Users have transfer funds or convert currency electronically. Without protecting system by sophisticated anti virus,users should not apply the system.
Post
Topic
Board Bitcoin Discussion
Re: JP Morgan says Bitcoin is fraud and will blow up ????
by
cryptopass
on 14/09/2017, 17:37:44 UTC
J.P Morgan's Dimon says bitcoin is fraud and will blow up. This statement is not true, because it is accepted by govt of most of the countries and it is listed by so many stock exchanges. So many exchangers have been generated in almost all the countries.It easy medium of investment.There is probablity for banking industry to increase earning by the way of exchanging bitcoins if they are the bitcoin exchangers. In one word J.P Morgan is trying to lose its own business by criticizing bitcoins.
Post
Topic
Board Altcoin Discussion
Re: >>> ATTENTION: PRICE SPECULATION DISCUSSIONS DO NOT BELONG HERE <<<
by
cryptopass
on 14/09/2017, 16:18:22 UTC
Price speculation discussion should belong here, it is required for derivative trade and hedge.
Post
Topic
Board Altcoin Discussion
Re: Giveaway threads are not allowed
by
cryptopass
on 14/09/2017, 16:04:53 UTC
The statement, that is , Giveaway threads are not allowed , is not logical. Rather,due to giveaway(free gift) people are inspired to collect new data which is beneficial.Sometimes excessive posting on it creates spam,but due to several posting we also get valuable information on cryptocurrency.
Post
Topic
Board Altcoin Discussion
Re: Strategic investment
by
cryptopass
on 14/09/2017, 15:37:01 UTC
It is a good strategy to invest in bitcoins instead of only buying it, because it is innovative and its demand is high and it is also expected to be registered in all stock exchanges soon.So, it is also expected that its market will be bull market.
Post
Topic
Board Speculation (Altcoins)
Re: is it better to invest in bitcoin or ethereum ?
by
cryptopass
on 11/09/2017, 17:13:04 UTC
Yes, It is better to invest in bitcoin, because it is listed in foreign stock exchanges,it is also a medium for investment on large scale.It can be hopefully said that saturation point on the trade of bitcoin will not come soon.