Can Any Cryptocurrency Surpass Bitcoin in Price Without Bitcoin Crashing?

The crypto market is so much unpredictable that still capable of surprising many of us.Currently, Bitcoin is the most expensive, popular and reliable coin. And I think it will remain a leader for a few years more. But there are high-potential coins that can surpass bitcoin.ETH is second on market capitalization after bitcoin. It's a platform with open code for creation of decentralized online services based on blockchain technology. It is can already be considered as a successful project, and no doubt the most innovative development team in cyberspace stands by it. When crypto market experiences hard times, improvements and resolving of problems have special value.XRP also has objective reasons to surpass bitcoin, although it is not exactly a cryptocurrency. It's a decentralized platform for making payments.Ripple fruitfully cooperates with large companies and banks worldwide. It's steadily fixated on the third place in terms of capitalization and has all chances to surpass bitcoin. Can any cryptocurrency surpass Bitcoin in price without Bitcoin crashing?

1. Is investing in Bitcoin in 2020 a wise decision?

Absolutely, buy bitcoin right now.Coronavirus pandemic must be the major event in 2020. It has dramatically changed the economy's forecasts in recent months, making investors seek security in the traditional financial market which is continually transforming. So, this question seems to be quite a heated discussion recently. As the most popular virtual currency, Bitcoin has not been influenced by the effect of the health emergency. It even showed the resilience and exceeded the value days before the pandemic was declared. Bitcoin having the largest market capitalization, greatest liquidity, and the longest track record. Although I could not deny that Bitcoin is risky with relatively higher volatility, it can also provide investors with diversification, given that its price would be initially unrelated to that of assets such as the stock market or fixed income.Here comes to the OPPORTUNITIES of investing in Bitcoin in 2020.In the last six years, Bitcoin has had a yield of 3 thousand percent. It is quite attractive in the current situation to start investing in this type of cryptocurrency, as it is an alternative to the traditional system. Its value is determined by supply and demand and is usually very volatile, with large changes in hours.Therefore, it can be concluded that the cryptocurrency and Bitcoin is the future of global investment. I think it will never be late to invest in Bitcoin.

2. What encourages Bitcoin miners to relay blocks?

There has been a partial analysis as part of an academic claim that not relaying a block in some situations is advantageous for a mining pool. The paper is currently in preprint and its conclusions are hotly disputed, including on the Bitcoin Foundation's Blog.The problem is that there is indeed no direct reward for relaying blocks. According to that preprint, in some circustances, there is even a penalty for too quickly relaying blocks you mined yourself, because it allows others to work on the most profitable chain. The existence of this negative incentive depends on the assumption that you can (at least partially) monopolize the network, such that when someone else mines a new block you can more quickly (or widely) spread your own block, in the nick of time, than the other new one propagates

3. why did cox disable my internet?

1 to all the previous posters. As a matter of business, cox (and any other cable company) wants to keep your check coming in every month if they can. The cable companies and other providers argued to extend the number of warnings before they have to shut you down. Reasons they may shut down a customer include: .. nonpayment .. trying to hack the company servers .. a court order ( usually after you have already seen the FBI or others for kiddie pron, BitCoin or currency fraud, or other fairly major crimes) .. interfering with the other paying customers ( either by hacking, a virus you do not know about, or by using up a large share of bandwidth) .. even this usually gets at least one or two warnings; .. repeated offenses of the TOS; usually after several warnings. If you are paying the bill each month, and not causing them big problems with the law or for other paying customers, they will usually put up with a lot to keep you paying. they will warn you, and try to "educate" you to keep you as a customer. But - if you were really messing up their network with viruses, or if someone filed complaints that you did not answer.. they may have shut your connection off to protect themselves. If you use wi-fi, and leave the access point accessible (or poorly protected).. your account is still the "responsible party" for anything that passes through your "box". Whomever is paying the bill/ name on the account needs to speak with cox and get the answers you desire.

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What Is the Most Fair Reason for Bitcoin Distribution Mechanism
What Is the Most Fair Reason for Bitcoin Distribution Mechanism
Dan held, co-founder of interchange, recently expressed his views on the fairness of the bitcoin distribution mechanism originally designed by Nakamoto. As a head of cryptocurrency portfolio management service, Dan Hurd believes that the distribution mechanism first designed in bitcoin protocol is still the fairest and most reliable compared with various counterfeit currencies in the market today.Nakamoto's bitcoin allocation mechanism has been complained repeatedlyInterestingly, many people constantly complain that the cryptocurrency distribution process designed by Nakamoto early is unreasonable, and they also claim that other blockchains can provide better solutions. But in Dan Hurd's view, the bitcoin distribution mechanism is still the fairest at present.Dan Hurd said that with increasing popularity, bitcoin network has been challenging mainstream ideas. However, he also admitted that the bitcoin protocol has not stopped the pace of continuous optimization for some specific user complaints and complaints. He explained:"Some people think that the distribution mechanism of bitcoin is unfair, especially in the early stage of network development, but it must be clarified that the system designed by Nakamoto is still the most fair at present."Nakamoto designed a solution to reduce computing powerBefore explaining the concepts of "pre mining" and "insta mining", Dan Hurd first introduced the early development of bitcoin protocol. Pre mining is actually a practice of privately mining a large number of Representatives. Usually, in this case, developers will eventually retain as many token reserves as possible. However, Dan Hurd said that Nakamoto was very intelligent. He had thought of how to deal with the problem of pre mining in the information about "the chancellor saving the bank" in bitcoin's "Genesis block".Dan Hurd explained that Nakamoto gave the public a "lead time" of two months before mining the first blockchain, and then people like Hal Finney and others began to listen to Nakamoto's opinions and start mining bitcoin. But as Dan Hurd said, Nakamoto and a few miners should have started running the new network very early. And as we all know, just a few years after the stable operation of bitcoin, that small group of miners also gave up mining.Dan Hurd said:"In the first year of bitcoin, Nakamoto and other miners couldn't get enough computing power to mine. Their daily computing power was unable to support mining more than 144 blocks. Then they decided to improve the difficulty of mining."Dan Hurd revealed that Nakamoto was "desperately" mining at that time, because bitcoin network needed someone to do so at that time. He also pointed out that with the gradual stability of the bitcoin network and the time when Nakamoto's own mining output is no longer needed, he chose to leave.According to Dan Hurd's research findings:"Nakamoto has reduced the proportion of computing power in a slow and stable way, and Nakamoto's mining has well balanced the cluster computing power. Now looking back, Nakamoto's intention is good - Nakamoto's initial plan was to reduce the computing power hash value by 1.7 MHPs every five months, but when Nakamoto reduced the computing power for the second time, he found that the network has become more and more stable Stability, he gave up the idea. "In his early days, Nakamoto mined a large number of bitcoins in order to improve popularitySome people claim that Nakamoto has mined about 1 million bitcoins, but Dan Hurd points out that according to a recent study completed by bitmex, Nakamoto is likely to have mined only 700000 bitcoins. In addition, most of the early excavated bitcoins have not been traded since their creation.Dan Hurd detailed the dilemma faced by bitcoin at that time. Many early adopters gave up a large number of bitcoins they held because bitcoin had no value. He pointed out that there were many "coin sprinters" in those years. For example, Gavin, a well-known investor in the encryption industry, and other bitcoin holders donated more than 10000 bitcoins. Jeff garzik, a bitcoin developer, also said on twitter that he had donated bitcoins worth more than $103 million. He said:"During 2010-2011, I donated 15678 bitcoin only for the bonus provided by developers."Nakamoto's signal to the worldOf course, Dan Hurd also acknowledges that Nakamoto is not perfect, but his rational conclusion is that the distribution process of bitcoin is the fairest distribution process that human beings can establish, because Nakamoto reasonably considers factors such as bitcoin production / time / audience.Dan Hurd said Nakamoto tried to send a signal to everyone that bitcoin was by no means a "scam".Therefore, Nakamoto began to reduce his mining contribution. After that, Nakamoto left the bitcoin community, and he didn't spend any bitcoin he owned, nor did he cover any encryption project with his influence. Obviously, Nakamoto Cong wants to contribute to the world with this great project he created, and he has his own values and judgment and is not bewitched by the secular world.Dan Hurd's conclusion on the fairness of bitcoin distribution mechanism is in sharp contrast to the chaos in today's cryptocurrency industry. In fact, many initial token issuance projects and counterfeit coins have the problem of "pre mining". Some people's means are even more obvious. They all want to get privileges from developers and make themselves richer in life. Some projects even lie and pretend not to arrange pre mining; Others will publicly admit that they will spend 1-20% of the total supply of tokens for pre mining.In contrast, the electronic point-to-point cash system used by Nakamoto, early bitcoin developers and early bitcoin adopters is basically worthless, but their purpose is very simple - to let people see a brighter future of cryptocurrency.
How Much Is the Bitcoin Digger? Latest Bitcoin Mining Machine Price
How Much Is the Bitcoin Digger? Latest Bitcoin Mining Machine Price
Bitcoin is a digital currency. Because its production needs a large number of computer algorithms, it has economic benefits. According to the current market price, a bit is about 3810 yuan. Such great economic value also makes people flock to it. If they want to produce bitcoin, they need a bitcoin mining machine. How much is a bitcoin mining machine? What is the configuration of bitcoin digger in 2017?How much is the bitcoin diggerThe price of bitcoin mining machine is different. Now the price of mining machine in the market ranges from tens of thousands to tens of thousands. The price of bitcoin mining machine is determined by the price of bitcoin, the energy consumption of mining machine and competitors. Bitcoin mining machines before 2014 have basically been eliminated in the north market. Unless electricity charges do not cost money, they have the value of mining.Most of the new coins born in the last year are POS coins, which do not need mining machines to mine. Of course, there are also one-time mining, such as Ruitai coins.Calculation of bitcoin mining machine revenueBased on an S9 ant miner, the current price is about 9500 yuan. The power is 1300 watts; After 24 hours of operation, 0.004549382 bitcoins (calculated based on the current 19000 yuan per coin) are dug out. The value = 86.4 yuan. The mining machine runs for 24 hours and needs 31.2 kwh of electricity.If the electricity charge is 0.6 yuan per degree. Then, your daily income is 86.4-31.2 * 0.6 = 67.68 yuan if the electricity charge is 0.35 yuan. Then, your daily income is 86.4-31.2 * 0.35 = 75.48 yuan, calculated by 0.3 yuan. One S9 miner needs 9500 / 77.04 = 126 days for static cost recovery.2017 bitcoin miner configurationThe requirements for the hardware, CPU, memory and hard disk capacity of the mining machine are not high. It is recommended to use a low-end CPU. There is no need to spend more money. The entry-level dual core Intel Celeron g1840 processor is sufficient. The most important is the requirement of graphics card. Mining mainly depends on GPU operation, and it is best to use amd graphics card.The above is the introduction of bitcoin mining machine. What should be reminded is that the market of bitcoin fluctuates rapidly recently. You should consider it clearly before you intend to invest in bitcoin mining machine.Latest price of bitcoin minerBitcoin prices continued to rise after 4:30 a.m. on December 7, and reached $14689 at 11 p.m. Subsequently, the price fell slightly, and the price of bitcoin was $13553 at 11:45. After that, the price of bitcoin began to rise again. At 4 p.m., the price of bitcoin stood at $15700, and at 5:15 p.m., the price fell slightly to $14445. Then the price rose all the way. At 1:45 a.m. on December 8, the price of bitcoin reached $17171. After that, the price showed a downward trend, and the price of bitcoin fell to $14141 at 5:30 a.m.On the 6th, the price of bitcoin stood at the $12000 level. Today, the highest price of bitcoin exceeded the $17000 level. In just two days, bitcoin rose by 43.09%. From the fundamental news, on the one hand, the amazing price of bitcoin is affected by the upcoming opening of bitcoin futures trading on the Chicago Options Exchange (CBOE). "Emerging asset classes" have attracted more institutions and investors and pushed up prices. On the other hand, the tense situation on the Korean Peninsula has triggered a geopolitical crisis and increased panic. At present, bitcoin has the attribute of international safe haven financial assets and has become a capital haven. People in South Korea are crazy about buying bitcoin and pushing up the price. According to the data of South Korea bithumb trading platform, the 24-hour bitcoin trading volume reached 109700, and the highest price reached 151562.20 yuanDue to the continuous record high price of bitcoin. Immediately, the number of mining investors increased, the spot of bitcoin mining machines was seriously out of stock, the mining machine market was in short supply, the second-hand mining machines were sold wildly, and the mining machine price also rose with the currency price. It is understood that the price of Xinwei mining machine B3 has risen to 15550 yuan / set, and the spot of ant S9 has been about 20000. This is not the situation seen by mining machine suppliers and miners, but the market trend has not been determined by unilateral factors since ancient times. However, on the whole, the mining income of bitcoin miners is still more than 200%. Therefore, even if the price of bitcoin miner has been rising, many miners are willing to invest. At present, the latest price of bitcoin Xinwei miner has exceeded 13000, and the latest price of ant S9 miner has reached 23000!
Ma Yun: the Block Chain Is Not a Bubble, but Bitcoin Is a Bubble.
Ma Yun: the Block Chain Is Not a Bubble, but Bitcoin Is a Bubble.
You said that blockchain is the sustenance of the dream of getting rich overnight. I think it can realize real freedom.In the eyes of 10 million people, there are 10 million kinds of blockchainsBlockchain has become the hottest technology in the world. The speed of bat layout blockchain is amazing. Alibaba currently has 49 patents on blockchain. Ma Yun is not modest: Alibaba is the company with the largest number of blockchains in the world.Everyone has different views and opinions on blockchain. In the eyes of those who are keen on wealth, blockchain means cryptocurrency that goes up and down, and is the sustenance for realizing the daydream of becoming rich overnight; In the eyes of people who pay attention to social responsibility, blockchain opens up an effective way to solve current social problems.Without blockchain, people will dieMa Yun, who has always been amazing, has also expressed his views on blockchain in public on many occasions, without concealing his ambition that blockchain is imperative.The second world intelligence conference said: block chain is not a bubble, but bitcoin is a bubble.Compared with the value of bitcoin itself, Ma Yun is more concerned about the distributed ledger technology behind the cryptocurrency bitcoin.In Ma Yun's opinion, blockchain is actually a security and privacy solution. "Social networks may not need blockchains, but we are engaged in Internet finance, and we handle trillions of transactions," Ma said. "We must turn to blockchain, otherwise it will be fatal."In addition, at the opening ceremony of the 20th Annual Conference of China Association for science and technology, Ma Yun also stressed the difference between blockchain and bitcoin. He believes that in the next 10-20 years, there will be three major technologies that will challenge mankind: machine intelligence, IOT and blockchain. For block chains, he thinks block chains are not bubbles, but today bitcoin may be bubbles. Ma Yun said, "blockchain is not a gold mine. It is a huge tool and application to open the gold mine of digital finance. It is a solution for privacy and security in the digital age.""Blockchain is not a gold mine, but a huge tool and application to open the gold mine of digital finance. It is a privacy and security solution in the digital age."AI blockchain intelligent methodologyFrom the comments of the big guys, we can also see the future economic development model.The future economic development system should extend the development concept of intelligence and apply the economic model of AI blockchain.AI blockchain makes the data more trusted, more applied to multiple links of industrial production, sales and operation, makes the information traceable, makes everyone's behavior valuable, and allows the society to reconstruct a new civilized credit system.
How Do I Hold Bitcoin Patiently?
How Do I Hold Bitcoin Patiently?
Get a wallet, find the recovery code file, then take that file secure it somewhere and wait. Or invest in altcoins thathave a good chance to grown find out at freedominvestment.co1. Is investing in Bitcoin in 2020 a wise decision?Bitcoin have shown ups and downs during previous months. Every crypto have its own specialty of operating. Bitcoin is the prime leader of crypto market without it market cannot survive. For more info visit www. cryptobulls. exchange.2. What countries are the biggest holders of bitcoin?These are the top countries trading cryptocurrencies and the governments of these countries have been particularly interested in regulating cryptocurrencies.USAUKChinaJapanSouth KoreaAustraliaIndiaCanadaSingaporeSwitzerland3. What can I buy in India with bitcoin?More bitcoins!4. Is someone trying to kill bitcoin?I think you are all not seeing the elephant in the room. There will only be finite amount of these things and that's very bad for the future. Why? Simple: a few people will control them and artificially control the value, this in turn will fuel other crypto-currencies to high levels due to most not being able to obtain Bitcoin and thus collapsing Bitcoin in the next two years or so. This will occur over and over as the rats swarm to the next crypto-currency after each pump and dump. Most of you have no real concept of money or finance and what really makes it all work hence the short term gains you are enjoying. At present there's about 150 different types of cyrptocurrency most barely worth a penny one worth over 67k per coin. Of course there's also the criminal element, when you assign value to something bad people smarter than you will take it from you quite easily. Example the 2011 and current Mt.Gox foolishness and several other exchanges getting hacked and shuttering like the first offical bitcoin bank it lost 750,00 worth and pretty much told it's depositer's your s.o.l.Any of you read the new Mt.Gox statement on their site? They are in deep and now Bitcoin is in real danger of being federally regulated by the government of Japan, wanna bet all other goverments will follow suit real quick?Fun while it lasted.5. Obelisk serversthe libbitcoin framework is definitely meant for back-end development. If you do not want to compile the source from bitcoin-server, you can download the binaries for Windows, Linux and the Mac. See this slide presentation for an overview about libbitcoin. Obelisk, now called bitcoin-server (bs), is build upon libbitcoin framework that is built on top of the zeromq and sodium packages. This means connections between bitcoin-server and clients such as bitcoin-explorer (bx) can be made scalable and secure the confidentiality of data in transit between bx clients and bitcoin-servers. The communication ports between bx and bs are different from regular bitcoin clients and their nodes. However, bs still uses ports 8333 (mainnet) and 18333 (testnet) to communicate to the rest of the Bitcoin network nodes. When runnings bs, you can see easily see how the height of the local copy of the Bitcoin Blockchain is via watching the stdout. Transactions also start to appear on the stdout channel when the bs node is almost complete. The Spesmilo repository for Obelisk is now deprecated by bitcoin-server. Similarly, the sx repository is also deprecated by bx. The latest code for bs and bx have very fast moving branches. Beware that bitcoin-servers tend to require a little over 3x the disk space than bitcoin-core servers for retaining the blockchain. I suspect an 8x increase in the max Bitcoin block size will require the blockchain format used by bs for storage to undergo a redesign.Ca not speak Pybitcointools other than locating this find concerning Python functionality. To round out a description of the libbitcoin functionality which leads to this documentation6. What are the minimum and maximum lengths of a Mainnet Bitcoin address?The wiki says thatThis information is now outdated but it was true at the time this question was asked look at morsecoder's answer. With the introduction of Bech32 type addresses in 2017, the minimum and maximum length of a Bitcoin address have changed.According to BIP 173:7. If someone bought 100% of all bitcoin in the market then die and took the password to his grave, does it effectively killed bitcoin?Sure. But:Nobody would lose anything since nobody but the person who died had any bitcoin.Almost everyone who had bitcoin would be spectacularly wealthy as the person met every single person's total sellout price. If I have 10 bitcoins and my total sellout price for the last bitcoin is $100,000,000, they would have had to pay me that $100,000,000, so I'm really, really, happy. There would be no difficulty adopting some other cryptocurrency as a replacement for bitcoin. In fact, this would probably happen automatically.So this is the dream scenario for bitcoin, every bitcoin holder getting what they most want for their bitcoins, not a nightmare. If someone bought 100% of all bitcoin in the market then die and took the password to his grave, does it effectively killed bitcoin?
How to Buy Bitcoin at Price of a Car
How to Buy Bitcoin at Price of a Car
Ok so its finally up and working.With v0.9.3.0-g40d2041-beta the core process definitely crashes on that volume. Now with version : 110200 it appears as if its crashed, but does not . Setting the write catch to 512MB may have had an impact here. Note the delay of 52 minutes for a console command to return a response. This probably indicates bad threading that an IO process can block the interactive terminal. Eventually though block processing does resume and it caught up 16GB worth of data. I might look into it further so I can log a bug report1. Is it true that no one wants to buy bitcoin? Why?I am not a bitcoin investor, but once a was all set to invest in bitcoin because of an incidence when I came across it, the incidence was the scam of inr 2000 crore happened in india in crypto currency, in this scam many celebrities were suspected, then my mind got change and I decided not to invest in it,People do not want to invest in it because yet they are not clear about actually how does it work, if few people know about it they thing that they are not secure they do not have cyber security, now a days the biggest threat is cyber crime,Last month I learnt a news about a donation in it a Muslim donated bit coins to a mosque and they accepted it as well,If we take this news serious then bitcoin exist,According to me here is two not to invest in it,Fiesta lack of knowledge about it and second is cyber security threats,2. How do you convert your dollar in Bitcoin?Using any cryptocurrency exchanges you can buy cryptocurrency from the dollar. There are many exchanges who accept dollar but recommend you to go with top exchanges. Most USA citizens use Coinbase You can use wire transfer and cards as well.3. What is the cause of the recent bull run in Bitcoin?It's Facebook's statement that it plans to release a white paper this week on its own stable coin, possibly to be called Libra, or World Coin.Here's my own write up on the Top Three Indicators on Bitcoin, and why they have signaled a buy.It also tells you a nice exit strategy for BitcoinI do not think that the Halvening has much predictive value because our sample size is too small to draw statistical inferences. This is why I do not consider it an indicator in those analyses.One of those three indicators that does have predictive power is buzz.Right now, Bitcoin has Buzz in the Right PlacesBuzz in the right places is the news that people who trade on Wall Street, the ones with real money, care about. People in the crypto community need to stop talking to themselves and start reading what is being written in the Mainstream financial industry.The key source for insiders is SeekingAlpha (which has a free email sign up). Bloomberg, YahooFinance and the WallStreet Journal are for more popular audiences, which are also free or soft pay-walled. Barrons and Forbes are good for subscribers.Look at those sources, because when THEY are talking about Bitcoin or cryptocurrencies, then the people with money care.Right now, Facebook is making them buzz4. How to create a sending address with Bitcoin Core?You are not looking for a sending address but for a receiving address! Coins always come from the address that you received them to, so one does not need special "sending addresses". Your purpose here is to enable the escrow to send you a refund in case something goes wrong with the purchase.To find out your address, switch to the "Receive" tab:The "Receive" tab will show you a list of all your addresses. The list will be empty at first, so you have to click "Request payment", which will open a new window showing your address: You will want to copy the alphanumeric string after "Address:" in the last line. To show the address again after closing the window, you can double-click the line in the list, or select it and click the "Show" button in the bottom left corner.5. Which is the market competitor for Bitcoin?Though Bitcoin is trading at very demanding pace, one can assume Ethereum and Bitcoin cash as its competitor.To know more what is happening in cryptocurrency market, visit Coinpedia and subscribe to our newsletter
Both BTC and BCH May Become Bitcoin
There has been a lot of debate about which currency should call itself bitcoin. Although one would think that bitcoin itself is the most obvious choice, this is not the case. Supporters of bitcoin cash believe that there are better currencies on the market, including BCH. A recent bitcoin official tweet must have sparked a lot of new debate.The debate between BTC and BCH continuesThe debate over whether bitcoin cash is real bitcoin seems not to be over. However, there is clear evidence that BCH is a digital currency, although these statements are very complex. There is a view that bitcoin cash was originally conceived in 2008. Part of holding this view is forming a real worship mentality. Although obviously, this title still belongs to BTC itself.Both currencies can become bitcoin, depending on how people describe bitcoin and bitcoin cash. They are all products of the same idea. Although Satoshi Nakamoto wrote the white paper and will launch bitcoin to the world in the purest form, bitcoin cash did not exist at all. At that time, there was only BTC, while BCH was only related to this debate in 2017.Over the years, it can be considered that BTC has deviated from the path originally envisaged by Satoshi Nakamoto. According to people's interpretation of the original bitcoin white paper, it can be safely said that the BTC we know today does not necessarily meet Nakamoto's expectations. At the same time, bitcoin cash may not necessarily meet this classification, although its developers do very different things.Bitcoin cash is the earliest cryptocurrency. Its white paper was published in 2008, and Chuangshi block was mined in January 2009.Bitcoin core (BTC) is an experimental currency. It has no white paper and has only run in the existing mode for two years.@Bitcoin's Twitter account has been restored after the recent ban, and its recent tweet has once again caused chaos. Specifically, the account claims that bitcoin cash is the earliest cryptocurrency. Its white paper was published in 2008 and Chuangshi block was mined in 2009. This is actually incorrect, although to some extent, it is an official statement.However, calling bitcoin core (or BTC) an experimental currency is obviously distorting the facts. Because without bitcoin core, it's like without bcash. The name is a little outdated and lacks professionalism. BTC is bitcoin, which has been so since its introduction in 2008. Although not everyone agrees with the development mode of this currency, it is still the world's leading cryptocurrency, despite different opinions.As expected, the bitcoin community is not satisfied with @ bitcoin's tweets. Some people will even regard this blatant error message as a legitimate reason for Twitter to be suspended again. It is unclear whether bitcoin twitter will be deactivated again, but at this stage, it is very likely. Although no one doubts the success of bitcoin, the dispute between the two sides needs to stop. Unfortunately, this childish behavior seems unlikely to stop soon.
Can Bitcoin and Blockchain Be Separated
The revised title does reflect the views of many people who want to distinguish virtual currencies such as bitcoin from blockchain technology. In fact, this is a long debated issue. Is bitcoin and blockchain, the "currency" representing economy and the "chain" referring to technology separable or inseparable?To discuss this issue, you can go back to Nakamoto's paper bitcoin: point-to-point e-cash system and the context of his technological invention. The bitcoin invented by Nakamoto is not the first and certainly not the last thing to try to create value in digital space. According to the statistics of Jimmy Clark in the article "the long road to bitcoin", there are hundreds of similar systems, among which PayPal is well-known and still in actual use in the world. Of course, for the current Chinese, we are more familiar with the Internet payment, such as Alipay and WeChat wallet. As for the design method of currency and other things representing value in the digital world, paypal and others actually use credit. When we pay, what we pay is actually credit, which is recorded and confirmed by them.However, there is another unsuccessful attempt in the technology circle, that is, trying to use the idea of cash to create something so that people can use it like cash in the digital world. Predecessors have made many explorations, but none of them succeeded until Nakamoto invented bitcoin, a "cash" - bitcoin. It is worth mentioning that David JOM first put forward a complete and feasible idea more than 30 years ago. In 1983, he first proposed to use encryption technology to create a kind of cash in digital space, and in 1989 he founded a company to realize his idea commercially. Bitcoin can be regarded as a wonderful improvement on JOM's original idea. Now we will not recognize it as a circulating currency equivalent to cash in the real world, but it technically realizes something logically similar to cash.When referring to the "cash" of bitcoin, I put quotation marks on the word cash, because if we go back to 2007, Nakamoto does not want to invent something equivalent to cash in the real world or change the status quo, but to solve a technical problem and build a game. To create such a toy, Nakamoto has to solve many problems, including two. In Jimmy Clark's words, the first is how to "issue money out of thin air" and the second is "record all information in the account book". First, although it is only a toy, it is still necessary to choose an effective mechanism. The mechanism chosen by Nakamoto is that a certain amount of mathematical calculation can be carried out to generate new "cash". What people say now, such as "mining" and "decentralization" known by the public, or professional "computing power" and "workload proof" (POW), are related to this mechanism. Second, the ledger is now known as the "blockchain". The foundation of the blockchain is a large distributed, open, interconnected and tamper proof ledger. Nakamoto has made several very important changes to the technologies and mechanisms related to blockchain. His design truly invented "blockchain" and made it the basis of a series of innovations.In the history of Internet development, there are many such toys. Tim Bonas Lee invented the world wide web (WWW), Linus invented the operating system Linux, Mark Anderson developed the m osaic browser (he later developed the Netscape browser), and even Larry Page and Sergey Brin first developed Google. By analogy, I mean that no matter what people think of bitcoin at present, whether it is regarded as currency, commodity or asset, one of its important attributes is a technical toy. In fact, for quite a long time before the price of bitcoin soared, it was a toy. Technicians liked to tamper with and modify toys. There were also cases where someone exchanged 10000 bitcoins for a pizza. After a technology is invented, what practical use it can eventually find and how much impact it can have on the world are other things.As can be seen from the above discussion, Nakamoto created a wonderful toy in the process of solving problems: he created a basic technology, namely blockchain (ledger), and an application, namely bitcoin ("cash"). More specifically, the things invented by Nakamoto include three layers: the bottom layer is the technical blockchain (account book); In the middle is the bitcoin protocol based on blockchain; At the top is the application, the "cash" of bitcoin. Ledgers have both technical and economic meanings. The economic meaning of ledgers will be discussed in detail later.Next, people in different fields further agitated the toy and gradually wanted to make the potential toy practical. People first created a variety of coins similar to bitcoin, and then many people tried to separate coins from chains. Later, the team represented by Ethereum tried to create blockchain 2.0 system and turn it into a "next-generation smart contract and decentralized application platform". Now more organizations are trying to develop a new generation of systems, claiming 3.0 and 4.0. Interestingly, Ethereum has not actually become a new generation of operating system that can run applications. Issuing tokens that meet its erc20 standard has become the core application scenario of its smart contract. In this way, there are many more application tokens all over the world, which is the scene of virtual currency from mid-2017 to now.Anyway, at this time, bitcoin and blockchain technology as a whole have developed to a new stage. It no longer only has the function of issuing "cash" like toys, but also has the function of issuing tokens / tokens. The emergence of pass has opened up the economic possibility and application prospect of blockchain, and the two wings of blockchain, technology and economy, have gradually taken shape. Although it is difficult to predict how the last two will develop, the "currency" representing economy and the "chain" representing technology, economy and technology are intertwined. In a sense, it is a bit like saying at the beginning of the development of the Internet that the Internet is only used to transmit information and should not develop e-commerce. At present, the high price of bitcoin and other virtual currencies and the speculation around them may not be expected by everyone. The chaos of virtual currency speculation should indeed be standardized, but only emphasizing technology, its development may fall into a misunderstanding. Blockchain technology and blockchain economy are intertwined and inseparable.
A Japanese Company Plans to Pay Its Employees with Bitcoin
Recently, we have suddenly entered the trend of bitcoin, which has become popular all over the world. The value of this encrypted digital currency has soared in the past few weeks, and then plummeted without warning. Nevertheless, there are even apartments that can support bitcoin to settle rent. Now, a Japanese company plans to pay its employees with bitcoin.It is reported that the Japanese network giant GMO Internet will pay employees with bitcoin. From February next year, they will pay employees 100000 yen (about US $899). If employees like, they can also receive bitcoin as salary. A company spokesman said: "employees can get paid in bitcoin if they want." we hope to improve their cognitive ability by actually using virtual currency. "This behavior is completely voluntary, with a minimum of 10000 yen, about US $88. The company also provides 10% bonus for employees willing to try, which can make up for the loss caused by the fluctuation of bitcoin price. In order to facilitate employees to trade bitcoin, GMO Internet will also provide network services including bitcoin trading.At the same time, GMO Internet also plans to launch its own virtual currency. The company also plans to develop a top-notch 7 nm processor process to reduce the energy consumption of bitcoin mining. The company's "coin" can not only be used to buy bitcoin, but also be used as part of the next-generation mining board or cloud mining business. The company plans to develop "cutting-edge 7 nm process technology" , high performance mining with lower power consumption than existing chips can be realized.At present, the function of bitcoin as a currency is not strong. It is more like an investment, which has soared from about $800 a year ago to $19000 or even higher. In any case, this will be an interesting experiment, especially in a country that adopts a forward-looking approach to currency.
How Do I Install Bitcoin in Ubuntu?
Bitcoin has now an officially maintained PPA with a release candidate version of the peer-to-peer daemon and the client.Bitcoin has a launchpad project i.e. same project status as Unity/Docky/Openshot etc. The maintainer - Matt Corallo - is a major contributor to the official bitcoin. org website. This will upgrade all versions from 10. 04 and later. The following instructions will upgrade your system to the latest version of the clientConfirmation that this OK to use is via the bitcoin forums1. Securing bitcoin addresses in databaseYou can always sign the address in the database, but you must be careful about it. When the user register you would to verify their info, sign their address on an offline computer (with an offline private key) and put both of them in different field in the database. Then when you take the address in the database you verify that the signature can be verified with your public key. That way if someone temper with the database they shall not be able to forge an valid signature (because your private key is offline and protected) and when a signature is not valid it calls an alert. You must be careful that the verification is made by your public key.The bitcoin client supports signature with any addresses. And in anyway you should really try to secure your database, have a low privilege user for the program that uses the database, do not give any access to other than you and your trusted employees. And secure the physical access to the server2. Why did bitcoin just break 5700 this morning? Does this mean the bulls are back and bitcoin will rise to new highs now?It appears that Bitcoin has stabilized over a long period in a range. The big players who own the larger amounts of Bitcoin can raise or lower the price at will by either buying or selling and getting others to follow suit. "New highs" is a relative term. They can move the price anywhere at any time. Over time the price will rise but the exact path and timing is never known ahead of time. It is all seen in hindsight.This is a patience game like all trading and investing. You buy and stop watching the price and go do something else. And you will be pleasantly suprised when you check the price in 6 months and you made a profit3. How can I split my bitcoin wallet?It seems there's a more secure and easier method. I am a noob so please correct any mistakes, but I would suggest he create a paper wallet on bitaddress.org, print it off or memorize it or keep it on a USB flashdrive. Then he can go to his Bitcoin client, send 8 bitcoins to the public address of that newly-created private key and that will be most secure. Even if his client is hacked or PC crashes, those 8 bitcoins are damn secure4. Will Bitcoin cause the stock market to crash?Stock Market 1 weekVS Crypto Market 1 week5. Is there a Bitcoin gateway for PrestaShop with these specific features?Blockonomics prestashop plugin is free and has all the above features in addition to others such as:6. So… bitcoin is dying? [closed]Mining services are paid for using a subsidy. Currently this subsidy pays out 3,600 BTC (worth about 400K USD) each day.Some miners will save their proceeds, others will cash out to fiat (especially the GPU miners who have high electric bills) and a small minority of miners will spend their mined coins in the Bitcoin economy. So it matters little to the Bitcoin economy that the GPU miners will no longer be receiving enough to cover their electricity costs (and will be forced to retire that hardware)7. What are the best and legit mining sites for bitcoin?I would not suggest that you invest in mining bitcoins with any company or website, since you earn a little as compared to you doing the mining with your own hardwares. However buying and holding bitcoins would be of great value, due to the fact that the rate at which bitcoins rise is unpredictable8. How does Bitcoin have an intrinsic value?Talking about intrinsic value is always a difficult discussion. What gives Gold or really anything intrinsic value?If people believe it has value, trade in it, and it lets you do things that were previously impossible it seems like it has intrinsic value by any definition
Still Digging for Bitcoin? Lightning Network
Those who run lightning network nodes are earning a little extra bitcoin.As a capacity expansion method prepared to deal with the possible adoption of bitcoin by the mainstream, lightning network can also bring you a little-known additional income, that is, you can make users complete the real-time payment of low handling charges by running lightning network nodes, so as to earn bitcoin.At present, the average handling charge for using the lightning network is about 1 Satoshi, and it costs less than a cent per jump (when the lightning network node routes the transaction to another node). Therefore, Alex Bosworth, a famous lightning network application developer, said that the monthly income of its lightning network nodes was about $2.Although profits are meager now, this may be a sign of the development of lightning network over time.Lightning network, as its name suggests, is a network. In order to send payment information to someone, the payment information usually jumps on several different nodes before reaching the receiver, which is similar to the previous postmen who passed letters or parcels from one person to another to deliver the mail to the destination.In the lightning network, the operator of each node can choose to charge a small fee to facilitate the transaction.The emergence of this charging market shows that cryptocurrency enthusiasts are more willing to take high risks (people who use this early lightning network are actually regarded as very "reckless" by protocol developers).In this regard, Bosworth recently tweeted:"I think that for many people, even for those firm holders, the bitcoin obtained by running lightning network nodes to provide routing will become the first bitcoin they can earn in addition to trading cryptocurrency."Handling charges are adjustableNevertheless, there are still some obstacles to earning bitcoin in the lightning network.At present, if you want to use lightning network, you still need to have some technical knowledge and considerable storage space. Anyone who wants to use the lightning network to pay needs to download nearly 200 GB of complete historical transaction data of bitcoin, and then download the components required by the lightning network.At present, there are at least 3000 lightning network nodes on the bitcoin network.After becoming a lightning network node, the user needs to update the default handling fee setting, which is set to zero by default. For LND (lightning network daemon), one of the most popular lightning network implementations, this function of changing the handling fee and monitoring how much revenue you get from the handling fee is relatively novel.Bosworth told coindesk:"In the past, you couldn't see how much commission you earned in LND, but after this function was added, it stimulated more charging activities."However, another thing to remember is that users are also "competing with each other" here.In order to enable more people to choose their nodes as the jumping point in their payment route, nodes can't charge too much commission (that's why Bosworth earns so little Commission).However, even if the node chooses to charge the lowest handling fee, it will sometimes be ignored. However, for whatever reason, many lightning network nodes still do not charge any fees; It is possible that the operators of many nodes are just lightning network enthusiasts. There is no need to worry that they will make a profit from their interests.Bosworth believes that some users may be avoiding the nodes passing through him because they charge a certain handling fee.Bosworth guesses that the users who complete the payment through his node routing may only be those who do not have any other routing options.Reasons for charging handling feesAlthough it is impossible to know how the market will develop at present, the developers of lightning network believe that it is beneficial to allow fees to be charged on Lightning network."You don't want this system to work just because people are kind," Ben Woosley, developer of zap, a lightning wallet application, told coindesk,"With the development of lightning network and a small number of people using it for conceptual reasons, the handling fee model will develop economically."Although the fees are insignificant, Woosley continues that charging these fees can be useful for a variety of reasons.First, lightning networks need sufficient liquidity. Each lightning network node has a certain "mobility". How many bitcoins can be sent through the lightning network depends on how many bitcoins the node operator locks in the lightning network channel. Woosley believes that channels with more bitcoins will be able to complete larger or more payments, and charge the handling fees required to pay these large jumps.In addition, charging fees "provides a way for nodes to encourage or prevent people from using their channels," Woosley added.In this way, lightning network developers even set negative fees for nodes trying to compensate their users. For example, this may happen if a channel runs out of funds in one direction and needs to replenish more funds to "rebalance".Bosworth also pointed out that dedicated lightning network payments, such as those that trade one cryptocurrency into another cryptocurrency, will be more complex and may cost more.Is it possible to predict the handling fee?However, according to Bosworth:"This is a market, so it will be very difficult to predict the handling fee cost."Nevertheless, many developers still believe that the handling fee for using lightning network will remain at a very low level in the future.Firstly, the cost of running lightning network nodes and completing payment through lightning network routing is not high. Of course, this takes a little time and takes more time than downloading traditional mobile payment applications. But its economic cost is not high.For this reason, tadge dryja and Joseph Poon, the cooperative developers of lightning network, predicted that the handling fee of lightning network "will actually be zero" in 2016. So far, their predictions are still valid.Zmnscpxj, an anonymous lightning network developer, said:"I think the payment routing system will eventually turn the problem into the level of 'I scratch your back and you scratch my back'."In other words, developers speculate that people can route their payments with very little Commission, so that others can route their lightning network payments with very low commission.In view of this, many people believe that using lightning network to complete payment will cost much less than using the existing online payment system. This use scenario will excite people who have long been keen on bitcoin. They are full of enthusiasm for this technology because it can subvert the old payment system."The handling charge for payment by credit card is about 3%, so the handling charge for using lightning network may be several orders of magnitude lower than that for using credit card," Woosley concluded,"My expectation is that the handling charge for using the lightning network can always be ignored, less than a penny, forever."
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