Topic: [BCN] Bytecoin. Secure, private, untraceable since 2012 - page 210. (Read 1070171 times)

It's just another option

Bytecoin weekly review published!
Link

11/14/2014
AS WE CAME OF AGE / D864

I think that modern historians would name the 20th century 'The Golden Age' even despite two world wars. On the one hand, science advancement level in 20th century provided the means to make human life more comfortable. On the other hand, different institutes took upon themselves care of duties for people, allowing them to 'just do their job'.

One could simply come to the office and do one's work without ever thinking of what the company does as a whole, and how it makes profit; one could simply be paid without ever thinking of where the salary comes from; one could simply spend money to buy a car without ever thinking of why these pieces of green paper are exchanged for a car; one could ride around the city all day without ever thinking of where the fuel for the car comes from.

It seems very much like adolescence, when nothing is required from a child: one can enjoy oneself all day round and sometimes think about college.

21st century's humanity is growing up. Everything changes very fast. In a 10 years-period a company might appear on the basis of a brilliant idea, reach the apogee of glory and disappear. In a few decades, oil fields will be almost exhausted, so it would not be feasible to keep using energy as carelessly as we do it now. Futurists think that in 21st century, a person would change 2-3 professions, which means that graduating from college does not guarantee life-long occupation and stable salary.

This situation requires more awareness. One should be ready for anything. It is not enough to 'just do one's job'. In order to keep the lights on in the new world it would be necessary to understand investing, negotiations, marketing, psychology, mathematics... And, naturally, do one's job.

pacific_skyline

It is 2 sat now.

I still think that mapofcoins.com is a better visualization attempt.

You can find Bytecoin on the map of the cryptocurrency landscape evolution!

Patiently waiting for the update! Hope the devs don't make us wait too long!

Bye-bye 3 sat.

That's old. I'd go for baseball caps.

Sometimes somebody comes up with idea about promotion but none of them is valuable. What about T-Shirts?

I've asked mprep (moderator) why he had moved our thread to announcement section. He said:

Looks like all coins threads have been moved to the Announcements section. Glad I have a "Show new replies to your posts." button, would've wasted lots of time finding Bytecoin thread.

Woah! Somebody moved the thread? 

Thanks, sir 

20 days and patiently waiting for updates..   

When we start talking about eBay sized numbers of transactions per day then there will be money in fees for miners. Right now we are in the phase of mining the initial coins but this will dwindle and at that point the actual usefulness of the coins needs to take over. That is the end game. That is when the early adopters who mined a coin worth practically nothing will see their time, money and patience pay off.

This is exactly what happened for the early bitcoin miners. Bitcoin is almost 6 years old now, which from here doesn't seem very far back. If what we are mining today has a commercial use which is running well in 6 years time we will all be sitting pretty.

The developers of this coin have been working towards a commercially adopted digital cash solution for 2 years. We as a community have only been part of this journey for a little over 6 months. Those who have the strength of mind to stick around will be reaping big rewards in the coming years. We will look back at this time as the glory days.

I for one look forward to coming back and reading these posts, while sipping champagne in  what ever exotic location I have chosen to hang my hat.

Hope many of you here will be doing the same

At the current price and transaction size, the fee is not enough. Hope there will be more BCN use/transactions in the near future.

In a year time transaction fees will be used to make up a block reward. So even though the concept will be slightly changed, mining will still be profitable.

I have not seen it but as usually I post some link - comparison btw Bytecoin and Bitcoin in 2011 - http://afiler.com/five-bytecoin-note/  

Have you seen this nice pic?



How can we make a paper wallet?

Small correction - first CryptoNight and the first CryptoNote coin.