BitcoinUnlimited "miners" will be automous bots powered by Ethereum

ProfessionalGoogler

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Quote from: Wind_FURY on April 12, 2017, 11:34:11 PM

Quote from: ProfessionalGoogler on April 12, 2017, 08:31:52 AM

Quote from: Wind_FURY on April 12, 2017, 12:43:53 AM

Quote from: zimmah on April 11, 2017, 03:45:07 PM

Quote from: ProfessionalGoogler on April 09, 2017, 03:30:38 PM

We may discover how to eliminate any need to profit from a financial system.

BitcoinUnlimited is ahead of it's time still, Ethereum is a bit further than that.

How much people, power, etc. does it take to maintain a financial/value system, and who can do it better?

Bitcoin is up for bid.

Good luck.

Would this be bad?

I don't think it necessarily has to be bad, even if this would be true.

As long as there is not 1 instance in control, it's still decentralized, no matter if it's bots or humans.

Let us say that at some point 51% of the bots will be controlled by one group. How is that decentralized and how is that good? It might be happening now with Bitcoin. The top Chinese miners could be talking behind closed doors right now.

Quote from: Meuh6879 on April 11, 2017, 10:22:44 AM

Quote from: ProfessionalGoogler on April 11, 2017, 08:17:02 AM

Facebook, Google, Amazon, Apple, Uber, TESLA etc all use bots.

they run node to supply the S&P500 server ?
no.

reality of privat network.
stock exchange server are closed.

not Bitcoin.

Bitcoin never will be as decentralized as you think.

Does not matter how many times you say it is.

So what is the advantage of your proposal? What economic, efficiency and security advantage can it have over the system that we have today?

Proof of Work is all about hash power, the more Bitcoin has the more it is secure. The more the miner provides, the more chances he gets rewarded. What does your bot idea have?

*Nothing will ever be as decentralized as you think.

Wind_FURY

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Quote from: ProfessionalGoogler on April 12, 2017, 08:31:52 AM

Quote from: Wind_FURY on April 12, 2017, 12:43:53 AM

Quote from: zimmah on April 11, 2017, 03:45:07 PM

Quote from: ProfessionalGoogler on April 09, 2017, 03:30:38 PM

We may discover how to eliminate any need to profit from a financial system.

BitcoinUnlimited is ahead of it's time still, Ethereum is a bit further than that.

How much people, power, etc. does it take to maintain a financial/value system, and who can do it better?

Bitcoin is up for bid.

Good luck.

Would this be bad?

I don't think it necessarily has to be bad, even if this would be true.

As long as there is not 1 instance in control, it's still decentralized, no matter if it's bots or humans.

Let us say that at some point 51% of the bots will be controlled by one group. How is that decentralized and how is that good? It might be happening now with Bitcoin. The top Chinese miners could be talking behind closed doors right now.

Quote from: Meuh6879 on April 11, 2017, 10:22:44 AM

Quote from: ProfessionalGoogler on April 11, 2017, 08:17:02 AM

Facebook, Google, Amazon, Apple, Uber, TESLA etc all use bots.

they run node to supply the S&P500 server ?
no.

reality of privat network.
stock exchange server are closed.

not Bitcoin.

Bitcoin never will be as decentralized as you think.

Does not matter how many times you say it is.

So what is the advantage of your proposal? What economic, efficiency and security advantage can it have over the system that we have today?

Proof of Work is all about hash power, the more Bitcoin has the more it is secure. The more the miner provides, the more chances he gets rewarded. What does your bot idea have?

ProfessionalGoogler

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Activity: 532

Merit: 500

Quote from: alani123 on April 11, 2017, 03:48:07 PM

In what system are those bots going to be hosted on? It'd be hard to avoid centralization on a premise that bots would play a major role in the market.

These bots can hop from provider to provider as needed, such as a host or on a network like Ethereum is building. They can do anything you can on the tech level.

Bots don't change much, they ultimately are still owned and controlled by a human.

Universal income will come from bots. (the minimum rights/power every human is believed to be entitled to)

ProfessionalGoogler

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Activity: 532

Merit: 500

Quote from: Wind_FURY on April 12, 2017, 12:43:53 AM

Quote from: zimmah on April 11, 2017, 03:45:07 PM

Quote from: ProfessionalGoogler on April 09, 2017, 03:30:38 PM

We may discover how to eliminate any need to profit from a financial system.

BitcoinUnlimited is ahead of it's time still, Ethereum is a bit further than that.

How much people, power, etc. does it take to maintain a financial/value system, and who can do it better?

Bitcoin is up for bid.

Good luck.

Would this be bad?

I don't think it necessarily has to be bad, even if this would be true.

As long as there is not 1 instance in control, it's still decentralized, no matter if it's bots or humans.

Let us say that at some point 51% of the bots will be controlled by one group. How is that decentralized and how is that good? It might be happening now with Bitcoin. The top Chinese miners could be talking behind closed doors right now.

Quote from: Meuh6879 on April 11, 2017, 10:22:44 AM

Quote from: ProfessionalGoogler on April 11, 2017, 08:17:02 AM

Facebook, Google, Amazon, Apple, Uber, TESLA etc all use bots.

they run node to supply the S&P500 server ?
no.

reality of privat network.
stock exchange server are closed.

not Bitcoin.

Bitcoin never will be as decentralized as you think.

Does not matter how many times you say it is.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: zimmah on April 11, 2017, 03:45:07 PM

Quote from: ProfessionalGoogler on April 09, 2017, 03:30:38 PM

We may discover how to eliminate any need to profit from a financial system.

BitcoinUnlimited is ahead of it's time still, Ethereum is a bit further than that.

How much people, power, etc. does it take to maintain a financial/value system, and who can do it better?

Bitcoin is up for bid.

Good luck.

Would this be bad?

I don't think it necessarily has to be bad, even if this would be true.

As long as there is not 1 instance in control, it's still decentralized, no matter if it's bots or humans.

Let us say that at some point 51% of the bots will be controlled by one group. How is that decentralized and how is that good? It might be happening now with Bitcoin. The top Chinese miners could be talking behind closed doors right now.

alani123

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In what system are those bots going to be hosted on? It'd be hard to avoid centralization on a premise that bots would play a major role in the market.

zimmah

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Quote from: ProfessionalGoogler on April 09, 2017, 03:30:38 PM

We may discover how to eliminate any need to profit from a financial system.

BitcoinUnlimited is ahead of it's time still, Ethereum is a bit further than that.

How much people, power, etc. does it take to maintain a financial/value system, and who can do it better?

Bitcoin is up for bid.

Good luck.

Would this be bad?

I don't think it necessarily has to be bad, even if this would be true.

As long as there is not 1 instance in control, it's still decentralized, no matter if it's bots or humans.

Meuh6879

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Activity: 1512

Merit: 1011

Quote from: ProfessionalGoogler on April 11, 2017, 08:17:02 AM

Facebook, Google, Amazon, Apple, Uber, TESLA etc all use bots.

they run node to supply the S&P500 server ?
no.

reality of privat network.
stock exchange server are closed.

not Bitcoin.

ProfessionalGoogler

hero member

Activity: 532

Merit: 500

Quote from: Meuh6879 on April 09, 2017, 05:10:38 PM

bots mean centralized servers (AWS ? VPS ?).
so, it's mean DDOS.

simple.
like the bug of the public BU client before a private ... release.

Quote from: Wind_FURY on April 10, 2017, 06:00:31 AM

How many people do you think will control your fantasy bots? Will it be like the days of Bitcoin's past when hackers could control the network with botnets?

Facebook, Google, Amazon, Apple, Uber, TESLA etc all use bots.

You too already, that is barely the start of something great..

Quote from: Hazir on April 09, 2017, 09:31:12 PM

Quote from: ProfessionalGoogler on April 09, 2017, 03:30:38 PM

BitcoinUnlimited is ahead of it's time still, Ethereum is a bit further than that.

Ethereum is not 100% decentralized it is centrally controlled and that is the reason they could have fast and effortless upgrades.
If bitcoin community was not fighting and crying over which solution is better we could have SegWit+LightningNetwork long time ago.
Instead we have and will behaving scaling drama simply because 25% of miners don't care at all or wait for new solution, 30% is signalling SegWit and 35% is going after BU.

Nothing is ever truly decentralized, Bitcoin is a perfect example. - decentralization only can exist in one state for so long, before it has to be pushed and modified forward then back into a temporary decentralized/autonomous state..

BitcoinUnlimited is here to crush the past and jump us into the future.

Are you ready?

Bitcoin Generation #2

-

Bitcoin Generations:
Generation #1 - Bitcoin Core
Generation #2 - Bitcoin Unlimited
Generation #3 - The future can change at any time

Wind_FURY

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Quote from: ProfessionalGoogler on April 10, 2017, 08:10:12 AM

Quote from: Wind_FURY on April 10, 2017, 06:00:31 AM

How many people do you think will control your fantasy bots? Will it be like the days of Bitcoin's past when hackers could control the network with botnets?

We all will own autonomous bots, some will make us profits.

If we can own an autonomous bot then it would also be possible to own 10 or 100 or more.

Quote

BitcoinUnlimited is ahead of it's time still, Ethereum is a bit further than that.

Really? The idea of Ethereum is maybe a little bit further than that. Maybe. But Ethereum itself, at its contemporary state might not be.

ProfessionalGoogler

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Quote from: Wind_FURY on April 10, 2017, 06:00:31 AM

How many people do you think will control your fantasy bots? Will it be like the days of Bitcoin's past when hackers could control the network with botnets?

We all will own autonomous bots, some will make us profits.

Wind_FURY

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Activity: 2898

Merit: 1823

How many people do you think will control your fantasy bots? Will it be like the days of Bitcoin's past when hackers could control the network with botnets?

Hazir

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Quote from: ProfessionalGoogler on April 09, 2017, 03:30:38 PM

BitcoinUnlimited is ahead of it's time still, Ethereum is a bit further than that.

Ethereum is not 100% decentralized it is centrally controlled and that is the reason they could have fast and effortless upgrades.
If bitcoin community was not fighting and crying over which solution is better we could have SegWit+LightningNetwork long time ago.
Instead we have and will behaving scaling drama simply because 25% of miners don't care at all or wait for new solution, 30% is signalling SegWit and 35% is going after BU.

hase0278

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Quote from: Meuh6879 on April 09, 2017, 08:02:58 PM

and we need the segwit to go forward ... because of this : https://bitcointalksearch.org/topic/m.18510595

I have read the thread you linked and this looked quite interesting and to my conclusion, if segwit really is the solution to the slow confirmation times for bitcoin to live up to a merchant's expectation then we should support it. It will not only satisfy merchants I think if transactions would be lightning fast no matter how many people will use bitcoin, it will also attract more investors and of course corporations as well to use bitcoin which I think will be possitive to bitcoin and it's price.

Meuh6879

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and we need the segwit to go forward ... because of this : https://bitcointalksearch.org/topic/m.18510595

ArdiPrabowo

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why all peole still discussion about bitcoin unlimited
without bitcoin unlimited bitcoin still good work, abou incraese blocksize can work without bitcoin unlimited only wait bitcoin dev to consensus

Meuh6879

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bots mean centralized servers (AWS ? VPS ?).
so, it's mean DDOS.

simple.
like the bug of the public BU client before a private ... release.

ProfessionalGoogler

hero member

Activity: 532

Merit: 500

We may discover how to eliminate any need to profit from a financial system.

BitcoinUnlimited is ahead of it's time still, Ethereum is a bit further than that.

How much people, power, etc. does it take to maintain a financial/value system, and who can do it better?

Bitcoin is up for bid.

Good luck.

Topic: BitcoinUnlimited "miners" will be automous bots powered by Ethereum (Read 1022 times)