31–40 of 63 posts
Why pay for the marketing when every major news outlet in the country will continually cover the story as the price continues to rise wildly and as major financial institutions get invested? I run multiple browser plugins to block ads on my browser, but has anyone actually seen Facebook, et al ads for cryptocurrency?
You may want to just accept the fact that Bitcoin is valuable because of what it offers as a store of value and system of trustless, censorship resistant exchange of value.
It’s definitely not all of those when >= 51% of the mining power is in the PRC.
Earlier quoted context omitted.
A good product for what, exactly? Fast, decentralized, small monetary transactions? Because right now BTC is pretty awful at that.
>A good product for what, exactly? Since its inception it's an exceptionally good store of value over the medium to long term.
You may want to just accept the fact that Bitcoin is valuable because of what it offers as a store of value and system of trustless, censorship resistant exchange of value.
> Fake news, facebook & twitter ads that influenced US elections proved that it's possible to do something like this. but Hillary lost. Facebook has identified $100,000 of ads that came from accounts associated with Russia. Clinton and Trump combined spent $81 million on Facebook. [1] [1] https://techcrunch.com/2017/11/01/russian-facebook-ad-spend/
I have noticed this phenomenon called Sell the News. Once the future contracts are out, there will be nothing new to look forward to and price will dip. That is still a few days off, who knows what will happen till then.
Why pay for the marketing when every major news outlet in the country will continually cover the story as the price continues to rise wildly and as major financial institutions get invested? I run multiple browser plugins to block ads on my browser, but has anyone actually seen Facebook, et al ads for cryptocurrency?
Marketing includes convincing news outlets to actually run that story as opposed to other stories: http://www.paulgraham.com/submarine.html
Earlier quoted context omitted.
It’s definitely not all of those when >= 51% of the mining power is in the PRC.
Miners actually have a lot less power than people realize. Anyone can run their own fully-validating Bitcoin node. Miners do indeed mine the blocks, but _all_ nodes perform verification. If miners try to mine invalid blocks, Bitcoin nodes will simply reject them.
Earlier quoted context omitted.
It’s definitely not all of those when >= 51% of the mining power is in the PRC.
Miners actually have a lot less power than people realize. Anyone can run their own fully-validating Bitcoin node. Miners do indeed mine the blocks, but _all_ nodes perform verification. If miners try to mine invalid blocks, Bitcoin nodes will simply reject them.
Are double-spend attacks not a concern?
If they are not a concern, why do we need so much computational capacity for mining?