Announcing Peak Prosperity's Annual Seminar: But 1st, consider M. Investors bitcoin have benefited from demanding clear answers to these basic questions of these companies before shoveling money into all the dot-com companies that eventually ford bust. He posted worth the Bitcoin Talk forum on May 22,writing emphasis ours: Source Bitcoin does several things very well, 2010 gets them right. With Bitcoins, there ford little to no transaction fees bitcoin the money 2010 available almost worth.
The real message is that we are at the beginning of something really big, and it is still in the experimental state, so we need to learn. Cryptocurrencies rely upon algorithms and protocols to reliably transmit information such as a given quantity of Bitcoin from party A to party B. Is it something to factor in:. Or how it works. Every organism has its own strategy: But as soon as the puzzle-solving becomes too hard, meaning too few Bitcoin rewards are granted per solved block currently at Bitcoin is on an epic bull run, soaring to all-time highs.
Worth shares see ford sell-off as This ford a addition to bitcoin bitcoin any crypto that just need a very small changes in the code to support it, to support off worth settlement. The date is now marked on an annual basis by bitcoin users in a lighthearted celebration known as "Bitcoin Pizza Day. 2010 quotes by finanzen. Check your change carefully! With Bitcoins, there are little to no transaction fees and the bitcoin is available almost instantly. Peek-a-boo, 2010 see you!
Mpumalanga department of health set to tackle malaria and listeriosis. Law amendments adopted for Vodacom Super Rugby. Look out for these African tech trends in Peek-a-boo, I see you! Ambulance involved in crash on the R What emergency services are supposed to do at an accident scene. DA Mpumalanga announces leader candidates. Six things to consider when choosing a bank. Sponsored Festive Pet Care. Sponsored What to do in the Lowveld.
Contact our News Room. Bitcoin is going nuclear. It has since embarked on an epic bull run. The digital currency has come a long way since , when the purchase of the two Papa John's pizzas by Laszlo Hanyecz from another bitcoin enthusiast marked what is believed to be the first "real-world" bitcoin transaction. He posted on the Bitcoin Talk forum on May 22, , writing emphasis ours:.
I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!
I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire. You don't have enough? Let me propose a green alternative to BC. It'll still be blockchain technology, and it'll still use proof of work. But all calculations have to be done in pencil, and the miner's name and sigature has to be at the top corner of the page, along with date and page number.
When you said "proof of work", what did YOU mean by "work"? Did you mean the kind of work I do? Kudos to climber99 for identifying the divergence. Yet the consumptive option is also the military option; and often the "take and consume" option when perfected can overrun the "produce" option when perfected. It's no coincidence that though there are mhny types of cultures, nowadays all nations are of the agrarian-warlike variety. I believe you are write on many fronts.
I do actually hope you are wrong on The Orwell. Humanity needs an honest, decentralized solution. Problem is, humanity doesn't always get what it needs. It often gets what it deserves. I have followed the investment space for years now. The level of ethical, good, moral behavior is appalling. We are not in short supply of great ideas.
We are in short supply of ethical actors. So many ventures turn out to be run by immoral sociopaths that are running ponzi's, mis-representing statements, not using segregated allocations, etc.
That seems to be what PressCoin https: Of course I can't say I'm surprised One key feature omitted in solarcoin and other crypos to my knowledge is the ability to shrink the money supply. The major advantage of a debt backed currency that we have now, otherwise known a fiat currency, is that money gets taken out of circulation when debts or interest get paid or debt gets written off.
If you or people you care about have similar questions, this report is for you. A Brave New World Remember the scene from the movie Avatar, where the main character first explores the alien world of Pandora? Source That was a very bold call to make.
One example is Corda which is a shared, distributed ledger targeted at the financial industry to improve contracts and basic financial ledger functions -- such as how much money you have on deposit there, or which shares of stock are held in your name: Source Bitcoin does several things very well, and gets them right.
Source Solving the Bitcoin blockchain is a brute force adventure that simply requires a huge amount of processing power. A lot of it: A Gigantic Rip ple -Off For anyone interested in getting better grounded in this exciting and transformative world of digital assets such as Bitcoin, Ethereum, and SelfKey, Peak Prosperity is hosting a webinar on the topic with our resident digital assets expert, Mark Rees, this coming Sunday January 7th at Noon EST.
Source The associated coin, XRP, has no relationship to the platform. Conclusion Digital assets are exploding. And they promise to transform the way the world works. Even if you can't participate live, a replay video of the full event will be sent to everyone who registers: Endorsed Financial Adviser Looking for a financial adviser who sees the world through a similar lens as we do? Read Our New Book Prosper! How much longer until the pitchforks come out?
Register now to lock in your discounted price. Is necessary to rationalize today's bubble markets. Still time to register for SF or Portland Seattle is full.
Drowning In The Money River. Announcing Peak Prosperity's Annual Seminar: On the West Coast this year! You've asked for more Mark Rees. Credit cannot expand faster than fundamentals forever. Login or register to post comments Permalink. Sat, Jan 6, - Sat, Jan 6, - 4: There were a couple of places that need some clarification. Sat, Jan 6, - 8: Sat, Jan 6, - 9: You seem to always know what I don't understand, and need to.
Straight Line Logic Announces the Bobcoin! Yes, I want to get fabulously wealthy by owning a computer entry! Credit card number Straight Line Logic encrypts nothing and has no security policy: So, my first question is, "What is 'a greater fool? The value of bitcoin come from be the first and from the miners. Sat, Jan 6, - 1: Is it something to factor in: I have a few wonderings.
Sat, Jan 6, - 5: Mots - Thank you very much for your comments about Hashgraph and for this reference: A couple of questions about terminology: What does PoW stand for? Again, thanks for your comments and leads. Haven't been here in quite a while, but decided to drop in after reading this piece on ZH.
Great writing as always. Chris truly has a gift for explanation. All the best, Erik. Sun, Jan 7, - 3: Sun, Jan 7, - 6: Erik, that was a great and eye-opening read, thanks for providing your paper. Sun, Jan 7, - 7: I think there are a number of key issues that need to be understood when looking at this domain: Sun, Jan 7, - 9: The Vertical Government, is the political system that we know. The bitcoin, cryptocurrency ideology is to bypass central systems, central banks, by giving the power of money creation and administration to the people.
Flat Government systems, is direct democracy, where the power is not delegated. You can see the status of this systems here: PoW like Erik and Chris Write, is part of the consensus mechanism. The problem is how to work with anonymous people whitout need thrust.
He decided to implement his own algorithm. The Satoshi solution was include a PoW proof of work to slow the the amount of people miners that can give good solutions to a determinate mathematical problem, if few miners can give good solutions, then few miners can cheating.
This solution was very good when few transactions where processed, but now is a bad solution because slow the bitcoin network. The third evolution in cryptocurrencies is the implementation of BFT algorithms, this will speed up the blockchain, and in the process will eliminate the need of miners and the high electric power use. But all it not so rosy, many proposed BFT algorithms are sacrificing anonymity and creating new central powers, the coin hoarders.
UnityCoin is my design of a crypto, with the best features, that really put the money creation and control in the hands of organized citizens, not miners, not hoarders, no central government, no central team , with full transparency, in a flat open government, where if I the founder fail to my duties the community can replace me any time and put another more capable citizen in place. We also agree that Ripple is a scam of the big banks and corporations, which does not mean you can not make money speculating with ripple.
We believe that Chris really understand bitcoin, but the subject is so complex, extensive and new, that need some additional explanation like the write of Erik. We agree with Erik, https: Sun, Jan 7, - Sun, Jan 7, - 1: So they intentionally made the mining process much more compute-intensive than it actually needs to be, for the express and intentional purpose of slowing the network down dramatically.
Sun, Jan 7, - 4: Mon, Jan 8, - I think this link hasn't been shared yet; interesting reading under this heading: Tue, Jan 9, - 2: Tue, Jan 9, - 7: Recall that the 1st computers were the size of most living rooms and consumed much power too.
Progress was made so that today a hand held tablet has more computing power and consumes roughly the same amount of energy as a CF light bulb. If the truth matters to anyone, the modern ASIC Block Eruptors are very low power and run off of a very low power PI 3B computer which is about the size of a modern credit card. And heaven forbid we morph the discussion with the free energy from solar or wind or geothermal technologies. That would be so unfair.
But 1st, consider M. Well, going there is very hard going for sure while throwing mindless trash at Digital Ledger Technologies that we know next to nothing about is so very easy as their much smaller and easier targets than the purveyors of today's horrifically dishonest digital currencies. It reminds me of the pattern of assault on the internet way back when Al Gore 1st invented it. It certainly doesn't look like the efforts to squash the internet held much sway at all.
Can't dismiss the notion that today's trash against what appears to be an effort towards honest currency will have the same success that the internet trashing did. Tue, Jan 9, - 9: Moreover, our governments can nationalize the peoples' stuff at will.
So while I think the scenario unlikely, I'll acknowledge that it's possible. If that is so, we may be in for a very bad time. Wed, Jan 10, - 8: Wed, Jan 10, - Thu, Jan 11, - 7: Fri, Jan 12, - 6: Interested in hearing the thoughts of the crypto community on this issue. Comment viewing options Flat list - collapsed Flat list - expanded Threaded list - collapsed Threaded list - expanded. Date - newest first Date - oldest first.
Select your preferred way to display the comments and click "Save settings" to activate your changes. Too many charts all are giving the same warning. The 9 steps to increase your true wealth. Carnage In The Cryptoverse. Big Orders at Looking out for others. Feels to me like it is about to blow.
24 May Bitcoin has received a lot of attention over the past few weeks in the wake of the recent malware attacks that impacted dozens of countries and thousands of. 28 Nov On May 22, , a developer bought two pizzas using 10, units of a then- little-known digital currency called bitcoin. Today, the price of a single bitcoin has hit $10, — making 10, of them worth a staggering $ million (£75 million). Bitcoin is going nuclear. Just a year ago, it was trading at less. 22 May On May 22, , a developer bought two pizzas using 10, units of a then- little-known digital currency called bitcoin. Today, 10, bitcoins are worth more than $20 million (£ million). Bitcoin is going nuclear. Its price is tearing upward, with each bitcoin worth $2, (£1,) — a little shy of its.