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Re: Bitcoin Core 0.16.0 brings not just the long anticipated SegWit implementation
There seems to be a large increase in the percentage of Segwit transactions since 0.16.0 was released which I'm sure is not just coincidence.
http://segwit.party/charts/#
http://segwit.party/charts/#
Yes SegWit usage hit 30% for the first time!
Re: Bitcoin Core 0.16.0 brings not just the long anticipated SegWit implementation
It is actually unbelievable how many people are in some way involved with this, if you look at the credits in the Release documents, https://bitcoin.org/en/release/v0.16.0
I just hope my local exchange and Ledger will switch to Bech32 now, because both of them use multisigature (P2SH) addresses.
In any way, thank you to everyone involved in this. We appreciate every little contribution to improve this technology.
I just hope my local exchange and Ledger will switch to Bech32 now, because both of them use multisigature (P2SH) addresses.
In any way, thank you to everyone involved in this. We appreciate every little contribution to improve this technology.
Yes true it is amazing to see how many dedicated members of the community are working to gather to bring this to the next level.
My sincere gratitude!
I have made some good and quality post but sill not receive any merit. Please keep distributing to help people like me can increase my rank.
I don't think complaining will get you any merit...
Start contributing and write constructive and informative posts and you will receive the recognition that's deserved. This is why the system was introduced in the first place.
Re: Bitcoin Core 0.16.0 brings not just the long anticipated SegWit implementation
Quote
replace-by-fee" tag (to get stuck or slow transaction moving by adding extra mining fees)[/replace-by-fee" tag (to get stuck or slow transaction moving by adding extra mining fees)
This was already possible in other wallets, was not it? I think this change is very important since for some moments you need more agility and it is not so easy to calculate what would be the best Fee for this.
Yes this feature was introduced in 0.15.0 but the new release sets it as default...
Re: The 5 big problems with Bitcoin / blockchain everyone should be aware of
Some update regarding regulation and restriction on trading:
"The Israeli Supreme Court reached a decision today in the crypto space, requiring banks to allow trading, and prohibiting them from limiting the bank accounts of companies associated with the industry.
The court issued a temporary court order to prohibit Israels Leumi Bank from limiting in any capacity the bank account of Israeli crypto company Bits of Gold, which acts as a broker (exchange) in facilitating the buying and selling of digital assets."
The Supreme Courts decision, that has been described as precedent-setting, means that banks in general cannot limit accounts associated with the crypto industry.
https://www.financemagnates.com/cryptocurrency/news/israeli-supreme-court-backs-crypto-forces-banks-allow-trading/
"The Israeli Supreme Court reached a decision today in the crypto space, requiring banks to allow trading, and prohibiting them from limiting the bank accounts of companies associated with the industry.
The court issued a temporary court order to prohibit Israels Leumi Bank from limiting in any capacity the bank account of Israeli crypto company Bits of Gold, which acts as a broker (exchange) in facilitating the buying and selling of digital assets."
The Supreme Courts decision, that has been described as precedent-setting, means that banks in general cannot limit accounts associated with the crypto industry.
https://www.financemagnates.com/cryptocurrency/news/israeli-supreme-court-backs-crypto-forces-banks-allow-trading/
https://bitcoin.org/bin/bitcoin-core-0.16.0/
Check the sha256sums.asc pgp yourself pls. I checked and with me the checksum was correct.
If i am correct this should have full Segwit support.
Check the sha256sums.asc pgp yourself pls. I checked and with me the checksum was correct.
If i am correct this should have full Segwit support.
It does - plus a few smaller features that have been implemented like the bench32 address format and the "replace-by-fee" tag set as default.
Bitcoin Core 0.16.0 brings not just the long anticipated SegWit implementation
⭐ Merited by suchmoon (1)
With the 0.16.0 version of the Bitcoin Core we are finally getting SegWit as the most notable upgrade but also the in 0.15.0 implemented "replace-by-fee" tag (to get stuck or slow transaction moving by adding extra mining fees) now set as default. The introduction the bech32 address format is probably the most critical for day-to-day interaction though as it affects compatibility with other wallets.
What are your feeling towards the most recent upgrade?
What are your feeling towards the most recent upgrade?
We all hope that Theymos aim for creating the merit system; which is to bring sanity to the forum is achieved. Though alot of people dont like the system while some does. It will be impossible for anyone to sell a huge amount of merit without been noticed. Many peopIe here strive to get merits but I always tell people, do what you know how to do best; the merit will come on it own.
Normally, those who are here to learn and contribute absolutely prefers the merit system while those who their main aim is just to come make some quick bucks are the ones who will not prefer it as they will end up stuck in one position with their shit posting. However, some may feel it is not fair, since we still have some legendary shitposters anyway, but life generally is not fair, and looking at the good side of it all, at least, it has brought some sanity.Yes it definitely brought back some sanity to the forum and this is a very good thing. It would have been a shame if it would have drowned in meaningless posts by people trying to grow accounts for commercial purposes.
And its also true that especially for lower ranks it has become more difficult to rank up and a few older members have started their own initiatives in offering to reward good posts accordingly.
It will probably all just take a few weeks of adjusting and re-adjusting until everything runs smoothly and *everyone* is happy! :-)
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Spreadsheet no: 84
Week: 1 ( 20/02-27/02)
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Official start date of Public Sale for Thrive is 10 March 2018, 14:00 UTC.
Glad to announce the Official start date of Public Sale: 10 March 2018, 14:00 UTC.
Get ready ! 🚀
https://www.ico.thrivelabs.io/
Get ready ! 🚀
https://www.ico.thrivelabs.io/
Re: [ANN][PRE-ICO]🚀THRIVE -The Premium Decentralized Advertising Marketplace🚀🚀
Glad to announce the Official start date of Public Sale: 10 March 2018, 14:00 UTC.
Get ready ! 🚀
https://www.ico.thrivelabs.io/
Get ready ! 🚀
https://www.ico.thrivelabs.io/
Re: The 5 big problems with Bitcoin / blockchain everyone should be aware of
Quote
Although its potentially revolutionary applications are apparent once one has made the effort to understand the principles of encryption and distributed ledgering behind blockchain, it takes a while, and a good bit of reading, before the man on the street can see what makes blockchains potentially so useful. Tech pundits talk about replacing the middle-man facilities traditionally provided by the financial services industry such as clearing payments and fraud prevention. But as far as many are concerned, banks provide this service adequately well, at an apparently low cost to the end user.
What it fails to mention is that not everyone has access to banking services thanks to all the red tape that surrounds them. Even those that do have access to their services have to go through a bunch of red tape. Bitcoin addresses these problems by putting you in control of your own money. I do understand that not many people have any problems with the banking system though, so it's true that adoption on this end could take a while.
Either way, the article does make good points, but it seems a little one-sided. Then again, I guess it's supposed to highlight problems (and potential problems), which it does do.
That is a good point and just adds to the list of unique benefits of bitcoin in particular and blockchain in general. It even goes further to cover identity management that can help empower people in regions where the majority of citizens are not in possession of any documents so even if they had access to banks could not open an account. In this case bitcoin helps in two ways to provide access to financial instruments but also to a digital identity for purposes beyond financial transactions.
Re: The 5 big problems with Bitcoin / blockchain everyone should be aware of
I do not agree with one of the points. Regulation by the state can only spoil bitcoin. This will affect the cost. There will be taxes. There may be illegal activity here. But it is everywhere. Both on the Internet and in the real world.
Well in the very unlikely case of strict regulations by all or the majority of countries that is actually the worst threat to bitcoin. If countries make exchanges illegal then you can buy or sell bitcoin (exchange it against fiat) and some countries are even attempting to restrict the online use of bitcoin. That would certainly be the end of bitcoin and cryptocurrencies.
Re: The 5 big problems with Bitcoin / blockchain everyone should be aware of
I agree with all the points that are mentioned. But the most annoying characteristic it is the complexity and as a result the slow transactions and mining. More coins are produced more difficult it become to operate them.
Initiatives such as improved technology (lightning network, etc) as well as hardware (moose's law) will provide some relief there.
Re: The 5 big problems with Bitcoin / blockchain everyone should be aware of
What are your thoughts?
I'm always skeptical when a business news source is making opinions about Bitcoin or related technology.
1. Bitcoin / Blockchain has an environmental cost
This is a non-event. It's drama made up by the press to sell "clicks". Fiat currency printing operations require electricity, although no one calls that out as a reason to abandon fiat currency. The people who drive the Investment Markets use planes, cars and electricity to conduct their deals and trades, yet no one uses that as a reason to proclaim "we shouldn't use this market!"2. Lack of regulation creates a risky environment
Sure. But is it more risking than centralizing decision making among a few powerful men and women that can make said decisions using emotion or the influence of personal gain? History provides many great examples of how regulation or laws have spurred human action that has left the financial system in peril. The co-mingling of retail and investment banks, regulation, was one of the drivers of the mortgage-driven financial crisis of 2008. 3. Its complexity means end users find it hard to appreciate the benefits
How many people who use the Dollar or the Euro understand fractional lending that drives our current bank-to-bank financial system? Very few.Do people need to understand how the internet works to leverage the benefits of an online news site or the use of email? No.
If "complexity" is a reason to not pursue progress we'd still be riding horses, fetch water by the pale, and spending most of our day hunting and gathering for food.
4. Bitcoin / Blockchains can be slow and cumbersome
Yes, absolutely. And this drives innovation, which takes time. That innovation will either occur with Bitcoin (i.e,. the Lightning Network), or view new crypto currencies. Let's not forget that blockchain technology may take hours to pass a transaction, where the current banking system takes DAYS (and it better not be one a weekend!) to settle a transaction.
5. The Establishment has a vested interest in Bitcoin/ blockchain failing
Yes, "The Establishment", like the owners at Forbes has a vested interest in all crypto currencies failing, which is why the produce articles like this that purport so many problems. Their goals to keep people from getting involved and they're using scare tactics (FUD) to do so.Yes I agree and I thought about even reading it, but a) Forbes has published some well balanced articles on the subject in the past and b) most beginners in the space will be very likely confronted with all of those "arguments" by their friends.
On the five points everyone here in this forum is pretty much on the same side - understandably.
The 5 big problems with Bitcoin / blockchain everyone should be aware of
Forbes published an article on five big areas of challenge regarding the bitcoin / blockchain technology:
https://www.forbes.com/sites/bernardmarr/2018/02/19/the-5-big-problems-with-blockchain-everyone-should-be-aware-of/
Here a summary of those five points plus a discussion on their validity.
1. Bitcoin / Blockchain has an environmental cost
2. Lack of regulation creates a risky environment
3. Its complexity means end users find it hard to appreciate the benefits
4. Bitcoin / Blockchains can be slow and cumbersome
5. The Establishment has a vested interest in Bitcoin/ blockchain failing
These are points to be aware of because very likely you will be faced with all of those at some point in conversation about this amazing technology. And while it is true that blockchain is not the solution for everything - nothing is - the five points mentioned here are pretty much obsolete already or just currently being addressed.
1. Yes blockchain requires energy to run but so does the internet and pretty much everything we use / do. And if people tell you blockchain is worse then just ask them to consider how much energy is required to print and distribute paper money. Think trees, chemicals, physical transport, gasoline, guns etc etc.
2. Regulation is just the big topic at the moment and while China has taken a stance against cryptocurrencies it is still actively supporting blockchain! All other countries are either for self regulation and think he state should not get involved or even try to lure blockchain technology into their country or state with tax breaks and beneficial regulation.
3. This is true for every new technology and just remember the internet fifteen years ago. Not very user friendly and everyone thought it would be difficult to get everyone to adapt it. Same for computers: in the sixties they used punch cards and had neither keyboards nor monitors let alone a graphical user interface. So we can be sure that more user friendly access to blockchain technology will emerge for sure!
4. Yes that is true and but it is already faster than a lot of fiat technology for money transfers (Ripple / XRP is being used by moneygram and Santander for international money transfer because it is faster than their existing technology) speed is also something that will improve with technology maturing, through infrastructure as well as new protocols.
5. Absolutely and that just emphasizes how important this technology really is!
What are your thoughts?
https://www.forbes.com/sites/bernardmarr/2018/02/19/the-5-big-problems-with-blockchain-everyone-should-be-aware-of/
Here a summary of those five points plus a discussion on their validity.
1. Bitcoin / Blockchain has an environmental cost
2. Lack of regulation creates a risky environment
3. Its complexity means end users find it hard to appreciate the benefits
4. Bitcoin / Blockchains can be slow and cumbersome
5. The Establishment has a vested interest in Bitcoin/ blockchain failing
These are points to be aware of because very likely you will be faced with all of those at some point in conversation about this amazing technology. And while it is true that blockchain is not the solution for everything - nothing is - the five points mentioned here are pretty much obsolete already or just currently being addressed.
1. Yes blockchain requires energy to run but so does the internet and pretty much everything we use / do. And if people tell you blockchain is worse then just ask them to consider how much energy is required to print and distribute paper money. Think trees, chemicals, physical transport, gasoline, guns etc etc.
2. Regulation is just the big topic at the moment and while China has taken a stance against cryptocurrencies it is still actively supporting blockchain! All other countries are either for self regulation and think he state should not get involved or even try to lure blockchain technology into their country or state with tax breaks and beneficial regulation.
3. This is true for every new technology and just remember the internet fifteen years ago. Not very user friendly and everyone thought it would be difficult to get everyone to adapt it. Same for computers: in the sixties they used punch cards and had neither keyboards nor monitors let alone a graphical user interface. So we can be sure that more user friendly access to blockchain technology will emerge for sure!
4. Yes that is true and but it is already faster than a lot of fiat technology for money transfers (Ripple / XRP is being used by moneygram and Santander for international money transfer because it is faster than their existing technology) speed is also something that will improve with technology maturing, through infrastructure as well as new protocols.
5. Absolutely and that just emphasizes how important this technology really is!
What are your thoughts?
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Since the 75% of white-listed already contributed, our amazing community asked Thrive to anticipate the Main Sale, opening up this fantastic journey to everyone.
The New Main Sale opening date is going to be announced soon.
No white-list is needed. First come, first serve!
https://medium.com/@thriveico/thrive-important-news-pre-sale-is-closing-in-48-hours-68347787919b
The New Main Sale opening date is going to be announced soon.
No white-list is needed. First come, first serve!
https://medium.com/@thriveico/thrive-important-news-pre-sale-is-closing-in-48-hours-68347787919b