andref
While most altcoins are getting slaughtered, LTC shines propelled higher by Litepay and a new fork. Bitcoin continues its gains as well but stopped short of a new rally. Bitcoin Higher but Stops Short of New Rally Bitcoin prices traded even higher si...
sessin
The article is really interesting! I appreciate the decision of the Bank of England to conduct a study on cryptographic currencies and to introduce a national cryptocurrency by next year. Digital currencies continue to generate excitement these days....
andref
Ether is trading lower versus bitcoin this week. The crypto has lost 12 percent to big brother since Monday as BTC is the preferred crypto this week. Dash on the other hand continues to trade in a range. Ether Down 12 Percent As we mentioned above, E...
Buyer80
Distribution of a real aelf (ELF) !!! Ability to receive up to 5000 per week! traded on large exchanges https://coinmarketcap.com/currencies/aelf/#markets https://candy.aelf.io/account/register?invitationCode=0Q1T51dGbUcV
andref
During the past week, we’re seeing more gains for Bitcoin. This, in turn, led to gains in altcoins like Litecoin as the general crypto market recovers from large losses. Bitcoin Up by 13 Percent Bitcoin is currently quoted at $8,520 dollars per coi...
bzeebee
Suggested Hardware for Monero (XMR) Mining Rig GPUs: Sapphire NITRO+ RX 580 8GB Sapphire NITRO+ RX 580 4GB MSI RX 580 GAMING X 8G Gigabyte GTX 1070 G1 Gaming Gigabyte GTX 1080 Ti GAMING OC Motherboard: ASRock H81 PRO BTC, GIGABYTE GA-H110-D3A,...
Excellent! I was thinking about watch-only wallets for Counterparty earlier today. Thank you.
It's exciting to discover improvements made to the forum as I roam around. Thanks @Cryptonaut! But...
Can we have a 'sticky' which maintains a list of features as they're added? It may be useful to people. I can imagine getting used to the forum as it is now, and then finding a useful feature ages after it's been made available because I got used to it not being there.
By the way, for how long have we been able to subscribe to topics? Don't tell me it's been there since the beginning! ;)
@sbux So MAIDSAFE will not release anytime soon:(
Delays seem to be 'par for the course' in this space. I think it'll be worth the wait (as with LTBcoin and seemingly Bitshares).
I'm glad it didn't quite manage to go to penalties. Although it would have been exciting, as far as competition goes it would've been an anti-climax to the whole tournament.
I prefer rugby!
@zeus I agree with your explanations. However the centralization of mining power in few hands around bitcoin is a very serious problem. I still believe that at some point Bitcoin will overshoot again (maybe $2k - $5k) but after that I think it might be the end. Whales will dump, price will plunge at current levels or below, miners will lose incentives and bitcoin will eventually fail..
Do you believe in such a scenario? Do you believe that another crypto could eventually replace bitcoin or do you think bitcoin will always be the king?
Could I point you to this topic where @adam has posted something relevant to your question?
My personal feeling is that power will continue to calcify in bitcoin and eventually we'll be forced to move to another alternative because its become so expensive and time consuming to make even moderate changes to the protocol when its not in a life/death situation.
Its only a matter of time before the "Bitcoin is Cryptocurrency" bubble pops, and the world is awash with a thousand coins vying for a title that no longer exists.
I'd like to add a thought in case people start worrying. If this happens, Bitcoin could still retain a good deal of monetary value, despite it not obtaining a monopoly. It could be a case of Bitcoin losing it's edge.
Nobody knows what will happen.
@adam Its only a matter of time before the "Bitcoin is Cryptocurrency" bubble pops, and the world is awash with a thousand coins vying for a title that no longer exists.
That thought is a little sad after getting so enthusiastic about Bitcoin. However, it mightn't be so bad if it works out this way.
Pros:
Cons:
There's plenty to think about on this subject!
Listening to Episode 127, there were mentioned many ideas on how to change Bitcoin to improve the less than ideal situation with mining.
What if, in the future, there were a most excellent idea for altering the protocol to improve Bitcoin? What would we do to get this change past the miners if it were against their best interests? They would resist a hard fork.
I have heard people say that this would be a problem, but I've not heard about any solutions.
Would we be able to split away from the miners and leave Bitcoin intact? Would there be a way to incentivize or compensate the miners to allow a change? Could it be done in stages, giving the miners advanced warning of gradually diminishing rewards? Would we be able to somehow leverage the fact that the miners have invested in hardware and need Bitcoin to maintain at least some of it's value?
OR
Can we just leave it how it is? As block rewards diminish, or hardware improvements tail off, maybe mining will be less attractive to the huge centralized pools. Perhaps there will be standardized, readily available mining gear widely distributed in the hands of a great many people (using a p2p pool?).
There are so many possibilities that whatever happens in the long run will be interesting to watch.
I was managing to listen to all of the podcasts from LTB until I went on holiday in April. Since then I've been trying to catch up with it all. I've been listening to any new stuff and then trying to cross the older ones off the list as and when I can. The problem is I have another holiday approaching!! What a problem to have hey?!
Having said this, I wouldn't want Adam to put a cap on the amount of podcasts because I enjoy them too much.
I thoroughly enjoyed this show. It's fascinating to wonder what will happen to Bitcoin in the future in terms of alterations and forks. I wonder whether it will evolve or mutate into a completely different beast. If it does, will it be a case of caterpillar to butterfly or, erm...beautiful creature to ugly one?
For the record, it is not actually my opinion that caterpillars are necessarily less beautiful than butterflies.
andref
While most altcoins are getting slaughtered, LTC shines propelled higher by Litepay and a new fork. Bitcoin continues its gains as well but stopped short of a new rally. Bitcoin Higher but Stops Short of New Rally Bitcoin prices traded even higher si...
sessin
The article is really interesting! I appreciate the decision of the Bank of England to conduct a study on cryptographic currencies and to introduce a national cryptocurrency by next year. Digital currencies continue to generate excitement these days....
andref
Ether is trading lower versus bitcoin this week. The crypto has lost 12 percent to big brother since Monday as BTC is the preferred crypto this week. Dash on the other hand continues to trade in a range. Ether Down 12 Percent As we mentioned above, E...
Buyer80
Distribution of a real aelf (ELF) !!! Ability to receive up to 5000 per week! traded on large exchanges https://coinmarketcap.com/currencies/aelf/#markets https://candy.aelf.io/account/register?invitationCode=0Q1T51dGbUcV
andref
During the past week, we’re seeing more gains for Bitcoin. This, in turn, led to gains in altcoins like Litecoin as the general crypto market recovers from large losses. Bitcoin Up by 13 Percent Bitcoin is currently quoted at $8,520 dollars per coi...
bzeebee
Suggested Hardware for Monero (XMR) Mining Rig GPUs: Sapphire NITRO+ RX 580 8GB Sapphire NITRO+ RX 580 4GB MSI RX 580 GAMING X 8G Gigabyte GTX 1070 G1 Gaming Gigabyte GTX 1080 Ti GAMING OC Motherboard: ASRock H81 PRO BTC, GIGABYTE GA-H110-D3A,...