Blockchain and Bitcoin
- phuketrichard
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Blockchain and Bitcoin
good reads;
“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
http://www.libgen.io/book/index.php?md5 ... 6E02C21756
“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
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
Re: Blockchain and Bitcoin
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.
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.
- phuketrichard
- Expatriate
- Posts: 16880
- Joined: Wed May 14, 2014 5:17 pm
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Re: Blockchain and Bitcoin
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
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
- whiteribbon
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Re: Blockchain and Bitcoin
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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