Blockchain and Bitcoin

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phuketrichard
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Blockchain and Bitcoin

Post by phuketrichard » Tue Nov 14, 2017 9:19 am

good reads; :thumb:

“Blockchain” is one of those words that has the power to confuse even the smartest people. And the media is completely clueless about how this
technology actually works.
Become a blockchain expert in 1,384 words
https://stansberrychurchouse.com/crypto ... 384-words/

the origin of Bitcoin "Digital Gold", by Nathaniel Popper

Image

http://www.libgen.io/book/index.php?md5 ... 6E02C21756
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Kammekor
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Re: Blockchain and Bitcoin

Post by Kammekor » Tue Nov 14, 2017 10:13 am

It's quite informative, but also a one-sided story.

Currently a lot of people believe the block-chain will change the world because no third party is needed for the transaction, but they forget to tell the other side: keeping track of the block-chain is a very (power)intensive task. Currently the people providing this (computer)power for the bitcoin are rewarded with new bitcoins, but there will be a time there are no more bitcoins to mine. Or there will be ways of using the block-chain where there's no gain like that. Who is going to do it then? People providing the service of maintaining the block-chain at that time need to paid, by the user, just like you pay for an intermediary now..... And since maintaining a block-chain is much more (power) intensive than handling just one transaction I don't see the block-chain kicking off that fast, replacing intermediaries.
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phuketrichard
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Re: Blockchain and Bitcoin

Post by phuketrichard » Tue Nov 14, 2017 10:36 am

21 million and the mining stops
its a really good read

Saw a story on BBC this morning how one group is starting to use blockchain to try and stop human trafficking .
https://cointelegraph.com/news/bitcoin- ... d-research

doc

https://kickass.unblocked.pro/banking-o ... 06073.html
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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whiteribbon
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Re: Blockchain and Bitcoin

Post by whiteribbon » Fri Nov 24, 2017 5:47 pm

If anyone is interested in participating in the Bankera ICO, sign up through this link and I'll give you back 2,5% of your investment in Ether. https://bankera.com/?ref=1087711068
just noise, white noise
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