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Showing 20 of 73 results by goldenchip
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Board Marketplace
Re: Is it possible to use bitcoin like offline currency?
by
goldenchip
on 20/03/2018, 06:50:25 UTC
Few days ago a friend asked me this questions. But i cannot understanding that how to i give him answer. At last i said him that, bitcoin is an online currency. Only this currency used in online marketplaces. It is not possible to use it in offline marketplace like offline currency.

But what is your best answer of this question?
You need some kind of connection to broadcast your transaction, so at the moment internet connection is required. However, there are works in progress to allow Bitcoin transactions to be broadcasted through Satellites.

Blockstream already has one in operation.
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Topic
Board Altcoin Discussion
Re: ".`Altcoins Continue to Bleed?
by
goldenchip
on 01/02/2018, 15:56:31 UTC
Yeah, altcoins price and Bitcoin price are correlated most of the time, unlike what most people think. However, I think at some point altcoins will not be able to follow Bitcoin's performance, because you need much more than speculative value to maintain a multi billion dollar market.
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Topic
Board Altcoin Discussion
Re: Promising ALT Coins
by
goldenchip
on 09/01/2018, 12:04:46 UTC
With high scalability, conditional payments, built-in chat and features for sending bytes via e-mail, Byteball remains one of the few solid projects. And the marketcap is ridiculously low...
Post
Topic
Board Altcoin Discussion
Re: Do you think an ICO, or coin, is all about the marketing?
by
goldenchip
on 22/12/2017, 00:02:11 UTC
If you refer to short term performance... yes. But in the long run, it's all about adoption, and there is no adotion if you don't have a good product.
Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
goldenchip
on 05/12/2017, 01:04:01 UTC
Do you think Byteball can compete with IOTA. IOTA has no fees and byteball it has. I think that only for this reason IOTA will always have a suggestion. In addition, the interest of large companies is also on the IOTA side.

No fees is not an advantage against very-low fees, but very-low fees protect the network against spamming.
Don't be fooled by what they pretend about large companies supporting them, they hired advisors having relations with big companies for marketing purpose but be sure these guys barely know what is a crypto-currency and won't do any real work.

I have a hard time to understand, why do we need fees to prevent spam? Proof of work was originally invented to prevent spam. You don't need a  mining farm to submit transaction. A challenge should be easy enough to be solved by a cell phone or IOT device, but get exponentially more difficult for spammer with every next transaction. There are also other ways to prevent spam, like rate limited transactions (see steem, eos)

The problem is that a computer have thousands of times the processing power of a cell phone, so attacking the network would not be much of a problem.
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Topic
Board Bitcoin Discussion
Re: Bitcoin legitimate or illegal?
by
goldenchip
on 16/11/2017, 17:09:54 UTC
Most countries that I know don't consider Bitcoin to be illegal. What are these countries you are talking about? I guess there are some, but as far as I know Bitcoin is legal in most countries.

There are, of course, many authoritarian governments in the world, and these are the ones that would be the last to consider Bitcoin a legal currency.
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Topic
Board Trading Discussion
Re: Are You Disappointed In Trading?
by
goldenchip
on 31/10/2017, 02:10:07 UTC
I ran out before putting myself at the risk of big disappointments. This market is not only for those who have a lot of money, it's for those who stay monitoring it all day long, and yet be surprised by these rumors and strange decisions taken by different sides of the ecosystem.

Since I have to focus on other plans, there is no time left for this.
Post
Topic
Board Bitcoin Discussion
Re: What could go wrong with Bitcoin?
by
goldenchip
on 16/10/2017, 12:23:34 UTC
The worst thing that could happen would be if the vast majority of miners decided to mine some stupid fork, leaving the Bitcoin chain unprotected. But there are no economic incentives for this to happen
Post
Topic
Board Speculation (Altcoins)
Re: [GBYTE] Byteball Speculation
by
goldenchip
on 07/10/2017, 05:16:28 UTC
I think Byteball will rise after the fork of Bitcoin...

but I think that byteball will grow only after all the airdrops run out. only then demand exceeds supply
I would completely agree with you if there was no working product, but the potential for increasing demand is already there.

Yes, you're right, but still, once a month a pile of coins is distributed for free - it can not be good for the price
Without having Bytes you don't get those coins... but yeah, airdrops come with the risk of huge sell-offs
Post
Topic
Board Speculation (Altcoins)
Re: [GBYTE] Byteball Speculation
by
goldenchip
on 07/10/2017, 05:02:37 UTC
I think Byteball will rise after the fork of Bitcoin...

but I think that byteball will grow only after all the airdrops run out. only then demand exceeds supply
I would completely agree with you if there was no working product, but the potential for increasing demand is already there.
Post
Topic
Board Off-topic
Re: What comes to your mind when you think of Japan?
by
goldenchip
on 01/10/2017, 15:03:59 UTC
Thinking about Japan makes me think about robotics. They have very interesting technologies in this regard.
Post
Topic
Board Bitcoin Discussion
Re: What happens if BTC gets regulated?
by
goldenchip
on 29/09/2017, 16:38:28 UTC
This might not be so good for libertarians, but there is a positive side, which is bringing investors from traditional markets, and this could help the price a lot.
Post
Topic
Board Speculation (Altcoins)
Re: [GBYTE] Byteball Speculation
by
goldenchip
on 26/09/2017, 16:52:11 UTC
Volume climbing again. It's possible that we have seen record levels of inactivity at sub 100k.
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Topic
Board Bitcoin Discussion
Re: Many exchanges will fail before this end of year
by
goldenchip
on 25/09/2017, 12:55:18 UTC
It would be sad if Poloniex becomes insolvent. It would make Bittrex one of the few good exchanges for altcoins.
Post
Topic
Board Speculation (Altcoins)
Re: [GBYTE] Byteball Speculation
by
goldenchip
on 25/09/2017, 12:39:10 UTC
These drops are temporarily painful, but it's better than seeing the price fall into oblivion after the last full moon.
Post
Topic
Board Speculation (Altcoins)
Re: Does diversification make sense in a Bitcoin bull run? What would you recommend?
by
goldenchip
on 19/09/2017, 15:39:15 UTC
If you want to diversify to something more stable, the way is traditional investments (gold, silver, stock market...), as someone already said. But you may not be able to get the same profits.

If you want to increase your profit potential, you can diversify a small percentage of your portfolio investing in coins with real innovation and potential to reach mass adoption, even better when these are things built from scratch. I think DAG coins, like Bytes and Blackbytes, will do great in the long term.
Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
goldenchip
on 13/09/2017, 00:25:16 UTC
The market cap is not going to be too high before the end of the distribution.
Not only the remaining coins, but also witnesses are still controlled by Tony.
Post
Topic
Board Bitcoin Discussion
Re: Which do you view more favorably, BTC or BCH?
by
goldenchip
on 26/08/2017, 04:46:06 UTC
...
I think BCH its the new BTC, need only to wait time

C'mon guys, you are smarter than that.
Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
goldenchip
on 19/08/2017, 05:20:53 UTC
A rebrand would be a good thing, as long as it brings a better representation of the project. And please, improve your english @zxbball.
Post
Topic
Board Bitcoin Discussion
Re: Criminality and Bitcoin
by
goldenchip
on 19/08/2017, 05:02:54 UTC
Recent tracking of Mt. Gox coins through a lot of exchanges shows that Bitcoin has more potential to reduce criminality than increase it. It is enough that investigators make due use of the ledger to investigate.