Blockchain Technology, Bitcoin and America 2.0 - Paul Mampilly
Unlock the power of blockchain!
/BlockChain is has gone private due to an extreme influx of ICO scams, snake-oil shills and plagiarized crypto-news blog spam. There is no application process and new members are not being added. Contacting the mod team will not result in an invitation.
To new Bitcoin users: If you're getting information from a censored forum like r/bitcoin, opinionated posts and comments bashing on-chain scaling are NOT legitimate
The centralized control and propaganda pushed at bitcoin is bogus and meant to mislead new users. Larger blocks allow for a direct transaction throughput increase so that companies with side-chain technologies won't be able to monopolize Bitcoin. The current financial industry takes a cut from every transaction you make. That's what we're trying to prevent here. This is only political because there is money involved. BitcoinCore developers (the top ones) are all paid by a single company looking to take control. Users universally want larger blocks and have been asking for them for 4 years now. It's safe and the most straightforward way to make Bitcoin grow. Hope this clears up some of the junk at bitcoin. Keep fighting the good fight.
So if the only thing driving the processing of information with the block chain is mining. What happens when there is no more bitcoin to mine and there is no longer an incentive to process the information?
So if the only thing driving the processing of information with the block chain is mining. What happens when there is no more bitcoin to mine and there is no longer an incentive to process the information? /r/Bitcoin
aims to eliminate the gap and provides quick, simple and easy access to the block chain. I believe that will grow and have a strong presence in the market. Visit here for more information.https://tokensale.w12.io/ru/ #W12 #Crowdsale #Bitcoin #Blockchain #Token #ETH #Ethereum #TokenSale
TEMCO is developing a supply chain platform on RSK Bitcoin blockchain. In existing systems, information is disconnected. As a result, consumers have doubts about product quality, and companies operate ineffectively. We connect isolated supply chain process and offer data services.
The use of Blockchain encryption enables easy access to relevant business information among stakeholders across different levels of the supply chain - TEMCO is the Revolutionary solution by Bitcoin Network
With 25+ Million people alive, I'd say North Korea Gov is not doing too badly, really?
2.1 The mining centralization in China (MCC) is certainly a concern. But, it's a result of natural competition in the market. Without fairness and market competition, there will never exist "decentralization". Central planners will never bring decentralization in. You don't need to spam lies such as ASICBOOST to defame them. 2.2 MCC formed since 3 - 4 years ago. The core Committee claimed "only hashrate matters" and flew to China to lobby miners against 8mb, later Classic plan. 2.3 However, when Roger persuaded BIG miners in 2017, The core Committee immediately scolded MCC and advocated "economic nodes matters". Now both economic majority and hashrate majority have stood up. Then again "twitter polls matter"? 2.4 Although u/paleh0rse is okay with it, I won't see him as a liar. Rather, I feel sorry that he has been brainwashed by the propaganda of BSCore. 2.5 u/paleh0rse still believe all the misinformation BSCore spammed. He believes the ASICBOOST. He believes "Hard fork...bad...soft fork...good". He supports the fake UASF. 2.6 He believes those blatant lies. He believes it's Miners VS Core, and he refuses to open eyes to see the reality that the whole community has stood up. In his opinion, Core Committee is always imaginarily good, so there would only be a selfish minority who are against Core Committee, so he does not see a permanent monopoly in development as any issue. 2.7 So u/paleh0rse laughed at Satoshi, Gavin, Jeff, Mike Hearn, and kept spamming those lies to attack them in reddit subs and twitter. U/paleh0rse repeated some lies to defame Mike hearn here two days ago. Honestly speaking, I hope one day u/paleh0rse can repent of what he did, he was lost. I hope we give more patience to him. It's not easier for people to recover. But, before he regains soul, I would like to remind him to curb himself from spreading lies to smear Bitcoiners.
"The China Center for Information Industry Development has announced its first monthly Global Public Chain Assessment Index, which would provide comprehensive reviews for global blockchain projects. https://t.co/HjYF3sbV5I" $btc $ltc $neo $eth #btc #bitcoin #crypto #ethereum
Need data of Prediction and Modeling of Bitcoin Prices based on Block-chain Information for data analytics
I'm working on the project of economics under the topic of data analytics, in which i have to get data for analysis.I'm confused how can i proceed further without data sets and data analysis. I've checked it from lots of sites. I got one IEEE research paper and one article regarding this. In that there is much better explanation and good data also but that data is their data and i can't take that data in my own project because if you are working for your own project then you are supposed to get that data for your own and do analysis and then make literature review on this. So i need help regarding this query on this topic. Thank you.
01-08 05:23 - 'You can continue to call it semantics if you want to keep providing false information as part of your propaganda, but it's a very distinct difference. / I say again, if ethereum forking their chain to correct an expl...' by /u/earthquakequestion removed from /r/Bitcoin within 23-33min
''' You can continue to call it semantics if you want to keep providing false information as part of your propaganda, but it's a very distinct difference. I say again, if ethereum forking their chain to correct an exploit where somebody ended up with a large sum of currency they shouldn't have, then bitcoin was also "hacked" based on your definition. So they were either both hacked or neither was hacked... Either way you are misleading people. ''' Context Link Go1dfish undelete link unreddit undelete link Author: earthquakequestion
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The Finchain is the the first public chain focused on the underlying applications in the financial industry,is a new generation of digital financial information service flatform based on block chain and is the financial future of the internet. #Money #Bitcoin #Crypto #CryptoCurrencies #BlockChain
Court Rules IRS Can Seek Information on Bitcoin Customers - IBM Tests Blockchain for Supply Chain With India’s Mahindra Group - Indian Ministry to Launch Digital Currency Campaign to Increase Youth Awareness
The goal of Bitcoin is to serve as a world currency. Although Bitcoin is often associated with the Bitcoin Blockchain and the Bitcoin Peer to Peer network, Bitcoin is also an abstract concept of value that can be used without either of those things, merely to represent debts or credits on any arbitrary ledger. Using Bitcoin for its abstract value characteristics is called using Bitcoin as a unit of account. Transactions on ledgers other than the Blockchain ledger are called off-chain transactions. Transactions outside of the Blockchain obviously lose all of the benefits of the Blockchain, but they are also not subject to any of the limitations of the Blockchain. The most commonly lamented limitations of the Blockchain are its limited speed, its inability to reverse fraudulent transfers, its limited capacity and consequent high expense, its limited privacy, its technical complexity, and its limited micropayment support. Since off-chain payments have none of the restrictions of the Blockchain, they have an opportunity to address those limitations.
The entire world's economy already runs on digital transactions. The world uses a wide variety of systems to accomplish this goal, but almost universally the systems used are abstracted from the core unit of value being transferred. A financial transfer system that moves U.S. dollars like PayPal is not very different from a financial transfer system that moves Chinese Yuan like AliPay. Using a Bitcoin unit in the place of a fiat currency unit in these existing systems would be easily possible, although the negative impacts of departing from the trust-minimizing and durable Blockchain are not to be discounted. Even since the early days of Bitcoin, transactions using custodial proxy systems have comprised a great majority of the exchanges between Bitcoin users. There is then ample evidence of the perils and promises of such systems. A common example is the Mt. Gox exchange, which offered an innovative rapid fund transfer system for exchanging Bitcoin, at the cost of requiring counter-party trust in the system. As is well known, the counter-party trust in the system would come to be misplaced, but the general innovation held: after Mt. Gox, the vast majority of Bitcoin exchanging and most likely trading of any kind came to take place through proxied off-chain ledgers. To improve upon the problematic Mt. Gox model in which complete trust was a near absolute requirement, two solutions have been devised. The first is a layered security approach in which redundant trust systems are used. This is represented through multi-signature control of funds, which requires two independent parties to sign-off on fund transfers, to prevent unauthorized movements of funds. Exchanges and companies have sprung up to use this model, as it reduces the risk to all parties, a risk made all too apparent by the dramatic failure of Mt. Gox. The second security solution is to use a combined signature scheme to prove to users that their funds are still present. The exchange simply cryptographically signs a public statement that user funds exist, by signing a known state of the overall system based on a collective signature of every users' funds. The exchange then allows users to spot check their own funds and compare notes to prove that the exchange cannot be playing games with the numbers by showing the same funds to multiple people.
Blockchain Proximate Transactions
The spiritual ideological foundations of Bitcoin are those of the crypto-anarchist movement, which promote the value of encryption and efficient information transfer and attempt to avoid trusted systems. From this perspective, even strong trust mitigating tactics may be seen as imperfect or insufficient if a small number of trusted custodians are necessary. With the goal of avoiding trusted custodians in mind, off-chain applications are still possible through two potential methods. The first method would create new similar structures to the Blockchain ledger, with a set of distributed judges who would determine the state of the network. These judges might be in an open competition for fees, as they are in Bitcoin, or a large set of trusted individuals or companies, or even the Bitcoin miners themselves. These ledgers would then synchronize with the main ledger using a series of swaps, which would lock coins on one side and free coins on the other side, giving a one to one exchange rate. This idea is known as a pegged sidechain, and it would allow for a completely different rule set on the other ledger, while maintaining the value peg to Bitcoin in a trust-minimizing way. A major issue with this proposal is that the sidechain judges would still have to have trust invested in them to not end their cooperation and attempt to unlock funds from the sidechain using a forged history. The second more secure proposal for trading Bitcoin off-chain is through the use of signed but not published Bitcoin transactions. This concept uses transaction multiple signature fund locking and timeout features to create funds that are invested in a relationship between two users, who may then update the state of their relationship out of band with the Blockchain. If there is a cooperation failure, neither side may claim funds on the Blockchain that are not theirs because they are missing the appropriate signature and they are also protected by a resetting timeout function that restores funds after a period in which the relationship is proved to be non cooperative. This proposal is called payment channels and exists in the form of libraries such as 21 computer and BitcoinJ, and in the form of services such as 21 market services and the streamium.io video streaming service. This is also the foundational concept used by the Lightning Network proposal, which is essentially a network of payment channels.
Bitcoin Backed Currency
As Bitcoin was modeled upon gold, it may be used just as gold and silver were used to back currency in a model that served the world economy for much of human history and is still a highly regarded option in many circles. In this model, existing currencies would simply switch the meaning of their existing notes to peg their currency to a Bitcoin amount. This peg could be accomplished by the governments in question purchasing large sums of Bitcoin to hold in reserves, allowing for exchange at a fixed and published rate. This could be done even in part, with a country holding a basket of assets that would install confidence in a currency not being adjustable at the whims of a voting public or a ruling sovereign. In this system, every exchange of paper notes or bank transfers could be thought of as an off-chain exchange of Bitcoin. A crisis in confidence in the note would be immediately obvious in non-official market prices. As an improvement over gold and silver backed currencies whose assets are frequently called into question, Bitcoin could allow for mathematical certainty as to asset accounting accuracy.
Bitcoin has made Satoshi Nakamoto a billionaire many times over, at least on paper. It's minted plenty of millionaires among the technological pioneers, investors and early bitcoin miners. A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency's block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.. Every block contains a hash of the previous block. Blocks in the chain store information about various transactions — the date, time, purchase price and names of individuals involved in an online product of service, for example. The information is coded — using what are called “hashes” to distinguish one block of information from another in the chain. Bitcoin Core includes code that detects a hard fork by looking at block chain proof of work. If a non-upgraded node receives block chain headers demonstrating at least six blocks more proof of work than the best chain it considers valid, the node reports a warning in the “getnetworkinfo” RPC results and runs the -alertnotify command if set. The Bitcoin underlying technology is called a block chain, an ever-growing chain of blocks. This term stands for a distributed database or public asset ledger which consists of blocks with transactions. Each node of the network has a copy of this database. To transfer funds the sender needs to sign a message with 1.
How to find the transaction ID in your Blockchain.info ...
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