Blockchain News and Discussion

It seems, Block chain/Bitcoin are files of information, quantum journals tied together?

These things exist, as long as the "market" for these things exists?

Yes, they are distributed ledgers, and exist as long as any drive anywhere holds them.

Last Edited by syncro on 12/27/2019 12:07 PM

Hmmm... interesting.

So, as it is, at this moment, we are contributing to these ledgers?

Our thoughts, as individuals, contribute to these collective banks of information, which is then mined, linked, and traded as currency?

Blockchain tech (implemented correctly, ie. no chance of a 51% attack) does away with the need for trusted intermediaries (who may actually be crooks) and escrow.

No wonder the Parasite Class hate it!

Just imagine;

Every man/woman his/her own Bank
No need for lawyers/solicitors
Incorruptible property titles
Un-fuckable voting preferences

The list goes on.



(((They))) will try to implement massive WOAR, to prevent this.

You know (((They))) will.

The trouble I see with Bitcoin enthusiasts is they only view the coin from a supply side factor, and at the very same time ignore every other market force that drives prices up.


Seven factors, in my opinion, drive a price up.

1) Supply

2) Demand

3) Utility

4) Cost

5) Speed

6) Scalability

7) Perception


What problem is Bitcoin solving?

BTC, and all other cryptocoins, is just a distraction from the underlying tech.

IMO (I own BTC and other cryptos, just as a punt.)

Blockchain tech is transforming the world.

Twenty years from now, we won't recognize society.

Good, or bad?

We'll see.

Centralized financing.

In terms of the blockchain projects, I don't think we contribute unless we are directly involved by hosting, owning, or promoting it. But perhaps other data on us is getting put on blockchain.

There is more going on on blockchain than just currency, but applications are built on it to run in decentralized autonomous way, finance, internet domain services, ... It's growing quickly now. We are seeing push back on youtube and google. Who knows what central powers will do.

Last Edited by syncro on 01/01/2020 05:38 PM

I've posted this before but I think it belongs. Money as a content type, completely independent of the underlying transport medium.



Last Edited by syncro on 12/27/2019 02:00 PM

Yes, this is a speck of dust in the block chain, that is the contribution in the here and now.

I don't understand how it all works, but I have a hunch.

The same people that control "fiat" control the block chain movement.

While I like the idea of decentralization of control in the aspect of money being equal to power regardless of effort, block chain seems like another trap.
Who controls the flow?

SHUTUP

Two things mainly...

1. Run your own nodes

2. Moon. 2020.

GFY!

The decentralized blockchain is autonomous and trustless. No one controls it. Whoever hosts a node, or a core wallet, which anyone can, holds the whole "bank" ledger on their machine. It confirms and updates itself across all nodes on the network. So if all computers are destroyed except one in the world with a node, when others come online, they will update from that. The ledger survives.

Kim Dotcom tweets
"I’ve said it time and time again in my interviews with crypto influencers, US Empire will crack down on crypto, hard. Crypto is the single biggest threat to its power. It is now absolutely essential that we can transact >privately< because the use of crypto will become unlawful."
[link to twitter.com (secure)]


Kim Dotcom predicts severe crypto crackdown in the USA in 2020
[link to bitcoinwarrior.net (secure)]
"Authorities are also viewing ‘coin Mixing’ technology with scepticism. Recently, Binance reacted adversely to the reports post-withdrawal coin mixing related to one of its users. Brokers have to comply with all the regulations fully; otherwise, they risk losing business. On the plus side, the harsher rules ensure that Ponzi schemes and scams remain non-existent. The US Securities and Exchange Commission remains on its toes to weed out the dirty players."

Doom, or moon?


70% of Bitcoin Hasn’t Moved For Over 6 Months, and It Means a Big Bull Run is Coming
[link to www.newsbtc.com (secure)]

"According to Eric Stone, the head of data science at Flipside, the fact that such a large sum of Bitcoin is “dormant” implies that a “dramatic shift” in the cryptocurrency industry and market is on the horizon.

While Stone didn’t elucidate on what direction said dramatic shift will take Bitcoin, analysts are sure that this pre-halving HODL mentality is a precursor to a massive bull run, one that will make BTC’s 330% gain from January to June look like peanuts."

But wot the question is wot are the calculations about and for who'm?Are these calculations about our own enslavement?No one has ever answered this.

Not sure what you mean by calculations, but money on the decentralized blockchain is considered by many to be peace and freedom oriented. It gives people means to bank in areas of the world where there are no banking and payment services. It takes power away from central bankers and politicians who have abused it and discredited themselves.

Most main cryptocurrencies are also deflationary, which means they hold value and increase in it, which helps the common people as opposed to the fiat currencies which lose value to inflation.

You answered the question of flow quite well, Thank You.

And your other posts make some sense as too.

I think my overall question is similar to this ACs.

Are the calculations the information algorithms which mine/compress loads of information into tiny verifiably accurate blocks?

If so, who wants this information compressed and gathered into specific, and multiple devices?

What is the purpose of the block chain, other than financial exchange?

You're the parasite. You're trying to make the money I work hard for worth nothing.

They will prevent it without resorting to much more than putting cuffs on the likes of you.

I'm not a computer scientist and am sure some here could talk about the lower levels of blockchain better than me, but what mining is basically doing is verifying transactions, and adding blocks to the chain by finding specific sequences, hashes, which takes a lot of computing power, proof of work, among other methods like proof of stake. The creators of the code, like Satoshi Nakamoto, the miners who are rewarded, and the users of the tech are the ones who want it to happen for its purposes.

There are many applications other than currency for which blockchain is used. I suggest reading some about the projects of the top cryptocurrencies. Go to coinmarketcap.com, and click on some of the cryptos. The pages have descriptions and links to their websites talking about their tech and purposes. Anything computers can do, people now may want to put on blockchains, from finance applications to communications, web and internet services, business applications, ...

Last Edited by syncro on 12/29/2019 04:18 AM

South America: BTC, beacon of hope in hyper-inflated continent
[link to bitcoinwarrior.net (secure)]

"With continued hyper-inflation eating deep into the economy of South American countries, bitcoin has been widely accepted as a solution to this economic problem by citizens.

In recent times, countries like Venezuela, Columbia and Argentina has faced dismal economic situations with hyper-inflation crippling their economy.

Venezuela’s situation can be considered as one of the worst ever seen, as its inflation rate has increased by 53,798,500% since 2016.

However, its citizens has taken respite in transacting in bitcoin and using it for their day to day businesses."

Blockchain’s Future Role In Our Food Intake
[link to cryptodaily.co.uk (secure)]

"Often, food products are hard to trace from source, simply because they pass through so many gates to go from the producer to the consumer. Using blockchain technology however can totally revamp the way this supply chain operates - in turn, improving transparency and ensuring that the producer and the consumer are kept on a level that means everyone within the supply chain is treated fairly.

As we become more tech-savvy and more interested in what we consume, we want to know more about where our food comes from and how it has been handled. Blockchain technology helps satisfy this desire, and in turn, also helps food suppliers to really improve the way they move food globally."

Buy vechain now, you don't have long left.

interesting video thanks

"About VeChain
VeChain is an enterprise-focused blockchain ecosystem that aims to enhance supply chain management by connecting blockchain technology with the real world through 'a comprehensive governance structure, a robust economic model, and advanced IoT integration'. VeChain enables manufacturers to assign products with unique identifiers on the platform, thereby allowing participants to track the movement and provenance of products in a supply chain. Started in June 2015, VeChain describes itself as 'a pioneer of real-world applications using public blockchain technology, with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong, and San Francisco' "
[link to coinmarketcap.com (secure)]

Can Google and Apple Destroy the Dapp Ecosystem?
[link to cryptovest.com (secure)]

"App store rules may curb the distribution of crypto-related apps, especially when considered potential hidden financial schemes."

"The proliferation of distributed apps (dApps) may have a bottleneck and access problem, and hinge on the terms of service on the Google Play and Apple’s stores. The marketplace, which ranks general apps and allows for unprecedented visibility, may be closing for crypto projects.

Recently, Google Play blocked the MetaMask wallet app, citing access to potentially fraudulent investment schemes. Other dApps have difficulty appearing in search results, and the jury is still out on which ones would be eligible. It may turn out the dApp space is not immune to centralized attack points, and can actually be censored from digital storefronts."

Celsius Network - banking on the blockchain
[link to celsius.network (secure)]

Current interest rates on stablecoins, USD equivalent

USDCoin and TrueUSD - 7.4%
Tether - 8.2%

also pays interest on some 20 cryptocurrencies

no fees, withdraw anytime

Last Edited by syncro on 01/10/2020 09:49 AM

Litecoin hodlers, we ride.

Litecoin (LTC) Likely to Gain Versus Bitcoin (BTC) after its Worst Miner Capitulation
[link to coingape.com (secure)]

"Litecoin Difficulty Ribbon now in recovery. Should setup a bullish breakout of the bearish channel. I wouldn't be surprised if LTC to leads a bullish breakout of BTC."

Interesting metric.

Litecoin Difficulty Ribbon
[link to charts.woobull.com]

"The Diffiulty Ribbon speaks to the impact of miner selling pressure on a proof-of-work coin`s price action. When network difficulty reduces its rate of climb, miners are going out of business, leaving only the strong miners who proportionally need to sell less of their coins to remain operational, this leads to less sell pressure and more room for bullish price action. The best times to buy are zones where the ribbon compresses. The ribbon consists of simple moving averages of network difficulty so the rate of change of difficulty can be easily seen."