51–60 of 81 posts
Can this be used to create a distributed transaction system for some arbitrary application? E.g. create a massively multilayer game with its own underlying transaction safe economy.
I thought the block chain was useful in itself, forgetting about the currency implications. Its a good data structure. Cloning it seems mega useful for putting it to work elsewhere..
Why there is not a bcrypt option for Proof of Work Algorithm? (Technical question: There are a lot of AltCoins out there. Why no one proposed a AltCoin where the Proof of Work Algorithm is based in bcrypt?)
Surely this is useful though, despite others claims it is a parody? Can this be used to create a distributed transaction system for some arbitrary application? E.g. create a massively multilayer game with its own underlying transaction safe economy. I thought the block chain was useful in itself, forgetting about the currency implications. Its a good data structure. Cloning it seems mega useful for putting it to work…
This whole alt-coin thing is just a passing fad. I recently cashed out all my BitCoins and put the money into Beanie Baby Collectables. They're these cool stuffed toys that everybody is collecting these days. I was able to get a bunch of them at a very reasonable price range. Their value is bound to skyrocket in the future as more and more people get into it.
Who runs the nodes for bootstrap? If the server that runs this is US based and they allow trademarks through, you'll get a C&D within a week. Lawyers make their money googling for this stuff. All someone has to do is register "paypal" or "amazon" or "exxon" etc. and the fun will be over shortly. Creator might want to take their name and home address off the domain registration.
Displaying the names of unconfirmed entries is also probably not the best idea: http://coingen.io/status.html
I have therefore started mining cats. Turns out when you put 30 of them in a room they generate more 'interest' than the best Bitcoin mining outfits.
And you can print your own money by writing "This is 100 dollars bill" and sending it to printer multiple times. The only remaining task is to convince others to use it :)
This whole alt-coin thing is just a passing fad. I recently cashed out all my BitCoins and put the money into Beanie Baby Collectables. They're these cool stuffed toys that everybody is collecting these days. I was able to get a bunch of them at a very reasonable price range. Their value is bound to skyrocket in the future as more and more people get into it.
You should also look into the US Dollar- I hear people are going crazy over that one too... and since it's lost 98% of its value in the last 100 years it is bound to rebound any day now.
Surely this is useful though, despite others claims it is a parody? Can this be used to create a distributed transaction system for some arbitrary application? E.g. create a massively multilayer game with its own underlying transaction safe economy. I thought the block chain was useful in itself, forgetting about the currency implications. Its a good data structure. Cloning it seems mega useful for putting it to work…
One has to keep this in mind when investing in Bitcoin. One doesn't invest in general future of cryptocurrencies, one simply invests in the blockchain that just happened to be first.
It is indeed a highly useful data structure. One can implement things such as verifiable online gambling (one where casino cannot cheat without being detected) with it. Basically it simply solves a byzantine generals problem.
The proof of work doesn't even need to be a hash. Primecoin searches for chains of prime numbers. As long as the work is easy to verify and hard to calculate with some sort of scaling it can be used. It would be nice to see things like Salesmancoin where the proof of work is partial solutions to traveling salesman problem. Or perhaps protein folding?
If the Internet has taught me anything it's that the next form of currency will be cats. You can take pictures of them, add words in impact font, or take videos of them. You then generate tons of money somehow when you mother shares them in a forwarded email (I think). I have therefore started mining cats. Turns out when you put 30 of them in a room they generate more 'interest' than the best Bitcoin mining outfits.