61–70 of 126 posts
I'm on the Keybase team and as you can see we jumped to sponsor a small block. We participated in this for two reasons: (1) shazow (co-author) was also the author of the official Keybase Chrome and Firefox extensions, and he did an amazing job. We'd gamble on anything he does. The space we bought wasn't that expensive from a company perspective, and it was an educational experience. And maybe it will draw us attentio…
OK, so I basically know next to nothing about cryptocurrencies. I do know, however, that Bitcoin is undergoing a cooling of sorts on account of the block difficulty getting higher and higher. As a result, transactions now take forever to verify and fees are going up. At some point, unless drastic steps are taken, this will presumably result in a "heat death of the universe" scenario. (I guess the software is constant…
> I do know, however, that Bitcoin is undergoing a cooling of sorts on account of the block difficulty getting higher and higher. As a result, transactions now take forever to verify and fees are going up. Completely untrue. Difficulty is proportional to the hash rate. Transaction time varies as a result of multiple factors. Some reading and historical difficulty/confirmation time data: https://blockchain.info/charts…
Earlier quoted context omitted.
> I do know, however, that Bitcoin is undergoing a cooling of sorts on account of the block difficulty getting higher and higher. As a result, transactions now take forever to verify and fees are going up. Completely untrue. Difficulty is proportional to the hash rate. Transaction time varies as a result of multiple factors. Some reading and historical difficulty/confirmation time data: https://blockchain.info/charts…
I see. (As I said, I know next to nothing about cryptocurrencies.) So what happens when the last block is mined? Everyone just hopes that miners stick around based on transaction fees? Does Ethereum have a similar "last block" problem, if it even is a problem?
The best estimate is that the last block will be mined around 2140 based on the block reward halving frequency of four years. According to math and knowledge that there are 32 halving events, in 2136, the block reward will yield 0.00000168 BTC per day, which is 0.00000042 BTC per block.
We will all be dead ;) but to answer your other question yes transaction fee's will continue to incentivize miners but who knows where the protocol will be by then. It could be completely changed.
Whoever bought the ad for syscoin.org didn't use an absolute URL and the link goes to https://thousandetherhomepage.com/syscoin.org .
I'm actually curious if you could make "dangerous ads" where a stray click from a logged in account would trigger a transaction.
Author here. My friend and I have been doing some smart contract audits, and we wanted to build a fun contract ourselves. We remembered the Million Dollar Homepage from 12 years ago, and decided to reimagine what it would look like today _on the blockchain_. Not an ICO, more of an experiment / art project. We present, the Thousand Ether Homepage: https://thousandetherhomepage.com/ The smart contract itself: https://e…
Assuming you've kept the price of a pixel at 0.001 Ether, you've made 61.7 Ether.
At today's market value, that's roughly $18,000. Not bad!
I'm on the Keybase team and as you can see we jumped to sponsor a small block. We participated in this for two reasons: (1) shazow (co-author) was also the author of the official Keybase Chrome and Firefox extensions, and he did an amazing job. We'd gamble on anything he does. The space we bought wasn't that expensive from a company perspective, and it was an educational experience. And maybe it will draw us attentio…
By the way, here's a GIF of what the buying process looks like: https://gfycat.com/BleakSimilarGermanspaniel This is the part that blows my mind, it feels like magic every time. (P.S. Thanks for your support, Chris!)
Whoever bought the ad for syscoin.org didn't use an absolute URL and the link goes to https://thousandetherhomepage.com/syscoin.org .