It is great to see an NPCI person on board, since Mr. A P Hota, the CEO of NPCI, is one of the few people in India that really understands blockchains.
Having said that, (& I could be mistaken so please correct me on below,) the tech that primecoin is building seems redundant or irrelevant:
- what is the use of indiacoin when we have bitcoin testnet?
- the demand for a globally replicated immutable database is infinite and blockchain is NOT the right mechanism to 'store' data. How is DAVE system(fancy name for storing data on blockchain) storing data? If its on the blockchain, what is your analysis of the fees market? If its off the blockchain, is it decentralized? where can we see the code?
- Will look into the academy videos and provide feedback later.
The sponsors for the conf,
- e-dinarcoin are a known ponzi mlm (and even the ponzi has further scams - read about effects of ERC to EDC conversion)
- BitKan is against segwit. Now I can understand opposition to 1mb blocksize but opposition to technological progress is beyond me. Sponsored heavy funding by bitmain have allowed them to hold big parties for chinese miners, trying to convince them. Miner investing in wallet, hmm, to think about.
With all due respect, Bharat Panchal should learn about crypto from his seniors AP Hota and Raghuram Rajan. At least enough to not support scams.
NPCI has had better conferences this past year with better agenda and for free, not a paid event in a luxurious hotel.
This is clearly a plot to woo banks. I hope the banks are studying.
Having said that, (& I could be mistaken so please correct me on below,) the tech that primecoin is building seems redundant or irrelevant:
- what is the use of indiacoin when we have bitcoin testnet?
- the demand for a globally replicated immutable database is infinite and blockchain is NOT the right mechanism to 'store' data. How is DAVE system(fancy name for storing data on blockchain) storing data? If its on the blockchain, what is your analysis of the fees market? If its off the blockchain, is it decentralized? where can we see the code?
- Will look into the academy videos and provide feedback later.
The sponsors for the conf,
- e-dinarcoin are a known ponzi mlm (and even the ponzi has further scams - read about effects of ERC to EDC conversion)
- BitKan is against segwit. Now I can understand opposition to 1mb blocksize but opposition to technological progress is beyond me. Sponsored heavy funding by bitmain have allowed them to hold big parties for chinese miners, trying to convince them. Miner investing in wallet, hmm, to think about.
With all due respect, Bharat Panchal should learn about crypto from his seniors AP Hota and Raghuram Rajan. At least enough to not support scams.
NPCI has had better conferences this past year with better agenda and for free, not a paid event in a luxurious hotel.
This is clearly a plot to woo banks. I hope the banks are studying.
Thanks for your interest in this post and detailed reply.
"BitKan is against segwit. Now I can understand opposition to 1mb blocksize but opposition to technological progress is beyond me. Sponsored heavy funding by bitmain have allowed them to hold big parties for chinese miners, trying to convince them. Miner investing in wallet, hmm, to think about."
But I have to say,BITKAN haven't have any statement of Bitcoin scaling for now.
