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Showing 20 of 41 results by f2f.mirrors
Post
Topic
Board Economics
Re: Chinese Strategy?
by
f2f.mirrors
on 01/04/2020, 07:58:13 UTC
You only see the results, but you don't know what the Chinese people paid. When the epidemic is over, I hope you will visit China in person.
In addition, not only China, South Korea, Japan, and Singapore performed equally well during this epidemic. I think this is caused by the inherent self-discipline of East Asian Confucian culture.
Post
Topic
Board Bitcoin Discussion
Re: Who holds the most bitcoins?
by
f2f.mirrors
on 26/12/2019, 16:45:16 UTC

hypothetically not at all coins , i mean , did u believe all of that coins is really users coins ?
since many many exchange have their own coins , such as binance with BNB , and people buy that BNB using BTC, since i am quite sure not all BNB on market is from users.

Agree! Even exchanges often have a lot of fake coin.
Post
Topic
Board Bitcoin Discussion
Re: Who holds the most bitcoins?
by
f2f.mirrors
on 26/12/2019, 16:42:44 UTC
NG Zhang,creator of the first ASIC mining machine.
He definitely holds a lot of Bitcoin.
Post
Topic
Board Altcoin Discussion
Re: Decentralization or Scalability?
by
f2f.mirrors
on 26/12/2019, 16:39:53 UTC
if asked to choose between the two, I prefer decentralization because that is the main purpose of bitcoin made by satoshi, yes even though developing blockchain technology, but still the main goal is to decentralize everything.
there are also many cryptos that use blockchain technology that is still centralized.
or there are some countries that intend to make their own digital currency and be controlled by them.

I agree that Bitcoin should focus on decentralization, but blockchain technology is not necessarily. Blockchain technology has other applications besides currency.
Bitcoin doesn't even focus on the decentralization because it's already decentralized. Bitcoin needs focus to the development of the scalability solution and no more. As bitcoin itself has already considered to be utility coin. Blockchain is necessarily caused by it has become the core of the crypto to run its own network. Blockchain is a critical part from the crypto. you must understand it better.

Currently, Bitcoin is indeed the most decentralized project.
Of course, Bitcoin needs to focus on the development of scalability. But in this process, it cannot at least reduce its degree of decentralization.
Post
Topic
Board Altcoin Discussion
Re: Decentralization or Scalability?
by
f2f.mirrors
on 26/12/2019, 13:26:17 UTC
if asked to choose between the two, I prefer decentralization because that is the main purpose of bitcoin made by satoshi, yes even though developing blockchain technology, but still the main goal is to decentralize everything.
there are also many cryptos that use blockchain technology that is still centralized.
or there are some countries that intend to make their own digital currency and be controlled by them.

I agree that Bitcoin should focus on decentralization, but blockchain technology is not necessarily. Blockchain technology has other applications besides currency.
Post
Topic
Board Altcoin Discussion
Re: Decentralization or Scalability?
by
f2f.mirrors
on 26/12/2019, 13:23:53 UTC
Scalability can be simply divided into 2 definitions,speed and capacity.
Confirmation speed and decentralization are difficult to achieve at the same time, but capacity and decentralization have successful solutions. For example, DAG.
However, when analyzing scalability and decentralization, you must consider security. The security discussion boundary determines the degree of scalability and decentralization.
So,for bitcoin,I prefer decentralization.That's why it exits.
No decentralization,No Bitcoin!
Post
Topic
Board Altcoin Discussion
Re: What’s the best coin to buy apart from bitcoin
by
f2f.mirrors
on 25/12/2019, 13:29:36 UTC
ETH or GRIN,
Especially GRIN.
Grin is a cryptocurrency project that tries to achieve multiple goals. These goals include fair launch with no initial premine, ASIC-resistance, long-term monetary policy and finally transaction privacy through the implementation of MW. Grin also has the secret sauce of having an anonymous founder.
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Topic
Board Altcoin Discussion
Re: Does anyone know the details of POET(Proof of Elapsed Time) in SpaceMesh?
by
f2f.mirrors
on 25/12/2019, 13:26:57 UTC
Post
Topic
Board Altcoin Discussion
Topic OP
Does anyone know the details of POET(Proof of Elapsed Time) in SpaceMesh?
by
f2f.mirrors
on 25/12/2019, 13:25:26 UTC
It looks like a centralized service, how does it guarantee fairness.
Post
Topic
Board Altcoin Discussion
Re: Gaming on the blockchain - What do you think?
by
f2f.mirrors
on 24/12/2019, 09:52:05 UTC
Blockchain games may not be real games.
Fun is the essence of the game, not the value of virtual items.
Post
Topic
Board Altcoin Discussion
Re: Why Altcoins not Growing These Days
by
f2f.mirrors
on 24/12/2019, 09:41:39 UTC
Most of the projects, there is no meaning of existence, just marketing hype.
Post
Topic
Board Bitcoin Discussion
Re: Who holds the most bitcoins?
by
f2f.mirrors
on 23/12/2019, 14:49:03 UTC
Do you agree with this assessment from the article or do you have more credible and accurate information?
The answer is coming from a guy who said "My Top List" so maybe it's his personal list quite not be accurate? You can easily find out which addresses hold the most bitcoin than their actual identity. I personally found this very disappointing,

Quote
It has been estimated by some that up to 40 percent of all possible bitcoins are lost.. lost keys, accidentally erased hard drives.
So the current market just runs on 60% of the bitcoins? Not sure if that information is accurate as well.

That is also what I am thinking, since it is hard to know who's bitcoin wallet is whose we can't really say that it is a fact. Unless someone proves it on their own, sending proofs and showing themselves unto the public, but I guess that is dangerous to them in security.

I guess the missing Bitcoin about 3m-4m.
Post
Topic
Board Bitcoin Discussion
Re: Will China Accept Bitcoin As A Currency?
by
f2f.mirrors
on 23/12/2019, 14:46:07 UTC
its will take time to happen, as we know china always control everyrhing they want to jave what others have, they made their own coin, I think so that they will be able to totally use bitcoin, they also crwcking down exchanges, at the moment for crimes, money launderingg and more , so at this moment , they are not almost legally accepting it as a legal currency
In China, the government does not accept bitcoin and other altcoins. And the current exchanges are also in their ban, so I guess they will soon launch their own cryptocurrency and their own exchange, and they will control everything related to cryptocurrency. China recently gave blockchain compliments but they didn't mention the current cryptocurrencies, so I'm worried about the future of cryptocurrencies, most likely in the near future, the Chinese government will tighten the cryptocurrency market in their country

Yes, you are right, Bitcoin will not be accepted in China as a currency, you know how much China hates Bitcoin is that they even banned Bitcoin mining and other crypto exchange, and now they are also cooking their own crypto then for sure that they will not be in favor of Bitcoin as their own currency, let's watch out in the next coming months.

Banned Bitcoin mining? NO!
Gov even encourages mining.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin really still decentralized??
by
f2f.mirrors
on 23/12/2019, 13:52:25 UTC

Monero's new RandomX seems to be a hit for CPU miners.
But I'll warn you: there's a pretty high chance the CPU mining is unprofitable. Check your consumption, check the electricity price and do the math.


As an overall rule, from my experience, if a coin can be easily mined by anybody, usually the price will not rise (why buy when I can mine?), hence it's not profitable.

What do you think about Spacemesh, I recently discovered a project released 2 years ago. Based on POST (proof of space time), they claim energy savings.
Copy from their website:
Quote
Spacemesh is a decentralized blockchain computer using a new race-free consensus protocol that doesn't involve energy-wasteful proof of work.

We aim to create a secure and scalable decentralized computer formed by a large number of desktop PCs at home.

We are designing and coding a modern blockchain platform from the ground up for scale, security and speed based on the learnings of the achievements and mistakes of previous projects in this space.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin really still decentralized??
by
f2f.mirrors
on 23/12/2019, 13:43:30 UTC
It may be the fairest and easiest for "average Joe" if normal PC can be used for mining.
Do you have an idea for an algorithm with this characteristic?

As an overall rule, from my experience, if a coin can be easily mined by anybody, usually the price will not rise (why buy when I can mine?), hence it's not profitable.

The point about quote. I don't agree, but I don't know how to refute.
Looks reasonable.
I need more thinking.
Post
Topic
Board Bitcoin Discussion
Re: Who holds the most bitcoins?
by
f2f.mirrors
on 23/12/2019, 12:36:06 UTC
~snip

so far i know just :
1. Satoshi
2. FBI
3. Micree Zhan
4. Jihan Wu
5. Charlie Sherem
6. Tyler and Cameron Winklevoss ( The Twins )
7. Tim Draper
8. Barry Silbert

and recently i hear coinbase also have a huge number of BTC holding , around 800k BTC on their cold storage . also binance have around 400k BTC.
however , there almost 35-40% from total supply total btc of lost forever.

Many of the coins on the exchange don't belong to them.
Post
Topic
Board Bitcoin Discussion
Re: Who holds the most bitcoins?
by
f2f.mirrors
on 23/12/2019, 10:22:18 UTC
I've always been interested in this question, but I found a lot of confusing information.
I recently came across this article in Quora, and I wonder how accurate and verified this information is: https://www.quora.com/Who-holds-the-most-bitcoins
According to this article, it seems that Satoshi holds the most bitcoins, between 600,000 and 1,600,000 BTC.
The following are the Winklevoss brothers, with 91,666 bitcoin.
Next is Barry Silbert with 48,000 BTC.
Next in order are Tim Draper with $250,000 worth of BTC and Michael Novogratz with his crypto net worth to be around $700 million – $1 billion.
Do you agree with this assessment from the article or do you have more credible and accurate information?


Don't forget Jihan Wu,Bitmain founder.
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin really still decentralized??
by
f2f.mirrors
on 23/12/2019, 10:09:07 UTC
What is your thought about this??

* Bitcoin mining is not dead. Just may not be a good business for average Joe. And we get back to the greed part.

I have been working on finding a consensus algo that is easier to participate in mining.
Compared to the high threshold of Bitcoin mining, it may achieve market success.
It may be the fairest and easiest for "average Joe" if normal PC can be used for mining.
Do you have an idea for an algorithm with this characteristic?
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin really still decentralized??
by
f2f.mirrors
on 23/12/2019, 10:00:01 UTC
What is your thought about this??

You've mixed up some things, I believe.

In the same was money distribution in the world is not uniform, in the same way Bitcoin distribution is not uniform. Some were luckier, some had money to invest, some have missed the train.

But this is is not related to mining. Bitcoin mining has became a business, indeed, average Joe cannot mine anymore. On the other hand this is good, helping blockchain safe against attacks and this also keeps the price high, so some of the "average Joe" can invest and gain (although, as said, this doesn't happen in many cases, but I'll get to this too).

And all this is is not related to decentralization as known for Bitcoin. Bitcoin decentralization is about how many full copies of the blockchain there are, it's about the full nodes and the number of mining pools. And these are fairly dispersed and decentralized.

Now about your concerns:

* Market manipulation is indeed bad, but isn't this concern out of greed "you want a piece too"? Bitcoin should be a coin, not necessarily an investment. Also the average Joe doesn't afford investing, this is the sad reality in the world. Bitcoin is not about easy money.

* Bitcoin mining is not dead. Just may not be a good business for average Joe. And we get back to the greed part.

* You are unhappy about the scams. Isn't like this everywhere in the world? The world is full of fake shops, of people trying to steal from you and so on. Here there's no difference, that's why one has to inform himself before trying this or that.

Good point.
Definitely agree with you!
Post
Topic
Board Altcoin Discussion
Re: Don't complain for too long.
by
f2f.mirrors
on 20/12/2019, 13:07:30 UTC
Wanting to make money on altcoin is like getting chestnuts in the fire.
Be careful,Good luck!