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The Bitcoin Blockchain Visualized in 3D

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Re: The Bitcoin Blockchain Visualized in 3D

#61

Post by wickoff »

akuji1993 wrote: post #54
gibybo wrote: post #47

Earlier quoted context omitted.

That is correct, there is a maximum number of transactions that can occur on the main Bitcoin chain (it was ~7/second at the beginning, and I think it still is) so there is effectively an auction to get on the chain. As ignaloidas explained in another comment though, this doesn't include the Lightning Network which is where most everyday transactions would occur.

Alright, so there's always a way to get my transaction through, nice. Would you have any resource that is worth checking out to learn more about blockchain? I don't care about market analysis, economy. I just want to understand the underlying technology to know what's happening there. Book would be fine too.

https://github.com/bitcoinbook/bitcoinbook

This is probably the best in depth technical overview of how Bitcoin works.

Re: The Bitcoin Blockchain Visualized in 3D

#62

Post by _ph_ »

keymone wrote: post #55
_ph_ wrote: post #52

Earlier quoted context omitted.

Sorry, thats just a strawman. Bitcoin enables sending money over the internet off official channels. You are not going to pay for ransomware with your credit card.

> You are not going to pay for ransomware with your credit card ugh.. did you misread my comment? i was talking about cash .

How do you pay for ransomware with cash? Put it into an envelope and send it off to another continent to the address of the criminals? I explicitly talked about sending money over the internet.

Re: The Bitcoin Blockchain Visualized in 3D

#63

Post by akuji1993 »

gibybo wrote: post #56
akuji1993 wrote: post #54

Earlier quoted context omitted.

Alright, so there's always a way to get my transaction through, nice. Would you have any resource that is worth checking out to learn more about blockchain? I don't care about market analysis, economy. I just want to understand the underlying technology to know what's happening there. Book would be fine too.

The original 9 page paper by Satoshi is probably the best place to start for a technical introduction: https://bitcoin.org/bitcoin.pdf The Bitcoin wiki has a lot more information, although it can be hard to navigate: https://en.bitcoin.it/wiki/Main_Page For some more modernish innovations in Blockchain tech in general, I would also recommend the Ethereum white paper: https://github.com/ethereum/wiki/wiki/White-Paper…

Thanks, I'll be sure to check those out.

Re: The Bitcoin Blockchain Visualized in 3D

#64

Post by keymone »

_ph_ wrote: post #62
keymone wrote: post #55

Earlier quoted context omitted.

> You are not going to pay for ransomware with your credit card ugh.. did you misread my comment? i was talking about cash .

How do you pay for ransomware with cash? Put it into an envelope and send it off to another continent to the address of the criminals? I explicitly talked about sending money over the internet.

you pay ransom with cash. because cash has certain properties. which bitcoin also has. which is why bitcoin is being used as digital cash. which in itself isn't a problem and if it is - you need to fight against cash, there's orders of magnitude more illegal stuff being paid for using cash than using bitcoin.

Re: The Bitcoin Blockchain Visualized in 3D

#65

Post by [deleted] »

School-Cotton wrote: post #49
ignaloidas wrote: post #34

Earlier quoted context omitted.

This doesn't represent Lightning network, which is used for smaller, quicker transactions later synced onto the main Bitcoin chain by transferring only the differences between the nodes to save on transaction fees.

It's more honest to say "intended to be used for". The LN has been promised as the solution to Bitcoin's scaling woes for years, but somehow never seems to catch on.

[deleted]

Re: The Bitcoin Blockchain Visualized in 3D

#66

Post by lowercased »

lpellis wrote: post #22

This looks like something from Tron, trippy. The height of the block is the amount of BTC, there are some huge (thousands of BTC) transactions happening. On a semi related note, I built a 3D visualization (globe) to see where these blocks are geographically mined. https://coinminingstats.com/globe

I see you've bought in to the 'earth is a globe' conspiracy :)

What's the tech behind that visualization?

Re: The Bitcoin Blockchain Visualized in 3D

#67

Post by mchristen »

mirimir wrote: post #48
navigatesol wrote: post #38

Earlier quoted context omitted.

> but not enough to matter, unless you hoard. > My solution is mainly to have more Bitcoin than I'd ever use In other words, you're hoarding.

Yes, I suppose that I am. But not mainly in a speculative way. Fundamentally, there's no safe way to move enough to matter without raising flags. As in, "where did that money come from"? I really don't want to go there.

I'm not sure what you mean by safe, but all you gotta do is pay your taxes and you can do whatever you want with that money.

Re: The Bitcoin Blockchain Visualized in 3D

#68

Post by _ph_ »

keymone wrote: post #64
_ph_ wrote: post #62

Earlier quoted context omitted.

How do you pay for ransomware with cash? Put it into an envelope and send it off to another continent to the address of the criminals? I explicitly talked about sending money over the internet.

you pay ransom with cash. because cash has certain properties. which bitcoin also has. which is why bitcoin is being used as digital cash. which in itself isn't a problem and if it is - you need to fight against cash, there's orders of magnitude more illegal stuff being paid for using cash than using bitcoin.

I was specifically talking about ransomware in all of my comments you answered to. You might disagree, but please don't put words into my mouth I didn't write.

Also, while ransom is paid in cash, these kind of crimes are not very common because the police can intercept at the cash exchange. It is really the ability to send money over the internet but off any official channels, which enables ransomware. Also, like with any other commerce, performing illegal purchases gets much easier with the internet, in this case facilitated by cryptocurrencies.

Re: The Bitcoin Blockchain Visualized in 3D

#69

Post by skohan »

lpellis wrote: post #22

This looks like something from Tron, trippy. The height of the block is the amount of BTC, there are some huge (thousands of BTC) transactions happening. On a semi related note, I built a 3D visualization (globe) to see where these blocks are geographically mined. https://coinminingstats.com/globe

Very snappy site, nice work!

What front-end technologies did you use to build it?

I guess you're synching data to local storage and then querying it to get those quick page loads?

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