Also, I'm not convinced that the true version of side chains (that requires a hard fork) is inevitable. More likely than yesterday I would agree.
If it was your choice smooth, would you fork bitcoin to permit (true) sidechains?
Topic: Gold collapsing. Bitcoin UP. - page 848. (Read 2032266 times)
If it was your choice smooth, would you fork bitcoin to permit (true) sidechains?
I am quite surprised the altcoin market isnt dumping in droves since the announcement of blockstream. What was once an iffy conceptual idea is now nearly an inevitability.
Perhaps your notion of why altcoins have value is incorrect.
For example, one reason Litecoin has been described as having value is as a hedge against something going very wrong with Bitcoin (both technology-wise and economic/ecosystem-wise). Given that side chains are totally unproven, with uncertain effects, it is entirely possible that Litecoin could go rationally go up in value due to side chains.
Also, I'm not convinced that the true version of side chains (that requires a hard fork) is inevitable. More likely than yesterday I would agree.
Also, let's not forget that this for-profit company has scooped up several of the top Bitcoin developers. That could be good or bad for the rest of Bitcoin. I'm sure they would argue (both individually as a business) it will only be good. I'm not entirely sold on that premise.
I am quite surprised the altcoin market isnt dumping in droves since the announcement of blockstream. What was once an iffy conceptual idea is now nearly an inevitability.
http://blog.pebble.io/post/100702644738/on-sidechains-bitcoin-maximalism-and-freedom
the altcoin market is clinging to the fundamental misunderstanding of wanting to have "competing" protocols for money
I am quite surprised the altcoin market isnt dumping in droves since the announcement of blockstream. What was once an iffy conceptual idea is now nearly an inevitability.
The alt-coin market has never been rational.
SC's are still just an idea. just like TC's and Ethereum. until they get a working implementation going, alts are gonna hang around.
and it's still not clear whether SC's get off the ground. there are alot of unhappy ppl cuz of the for-profit company these guys represent and the power to push code of their choice to maximize that profit.
I am quite surprised the altcoin market isnt dumping in droves since the announcement of blockstream. What was once an iffy conceptual idea is now nearly an inevitability.
The alt-coin market has never been rational.
We (I) are shorting gold from 2008
Target 200-400 for now.
Target 200-400 for now.
So you're underwater for around 6 years?
Typical long term trade.
Either your risk reward sucks or you picked the wrong place to put your money... you would be a bad financial advisor.
I am quite surprised the altcoin market isnt dumping in droves since the announcement of blockstream. What was once an iffy conceptual idea is now nearly an inevitability.
Sidechain offers much more than scalability.
- Assurance contracts
- Time-shifted fees
- Demurrage
- Subsidy
- Co-signed SPV proofs
- SNARKs
- ...
and all possible combination :-) (endless opportunities)
Edit:
While main protocol intact. No one have to bother with sidechain. Only use if you like feature of sidechain.
I just dont see it in sidechain, any sidechain features are limited by the reliance on Bitcoins POW Merge Mining, true innovation will be multifaceted, something a spin-off could seed.
As for all the other endless opportunities, I see Open Transaction doing a better job in a trust less environment
SideChain can work with Bitcoin (as currency ... 1:1 exchange SDCoin <-> Bitcoin at protocol level) there is no need to create an Alt(Shit)Coin. but it is not restricted (some SideChain can use different exchange rate, but you will know this before enter SC).
a) You can make Bitcoin transaction (lock my bitcoins .. I cannot use(spend) them any more in bitcoin network)
b) SideChain will see ... your bicoins are locked -> we will credit your SC address with N SDCoins
c) now you are able to create new transaction in SideChain (go short, go long, transfer in 1s, ... get interest, lose by inflation ... )
d) and finally .. You can make SideChain transaction (destroy my SideChainCoins ) and release locked bitcoins (inverse step a ... only you know how to unlock portion of locked bitcoins ... you traded "a secret" and now you know how to unlock some of them )
get ready to ask your Q's!
Mr. Back and Mr. Maxwell will hold an AMA (“ask me anything”) session on the popular social network site Reddit Thursday.
Mr. Back and Mr. Maxwell will hold an AMA (“ask me anything”) session on the popular social network site Reddit Thursday.
Sidechain offers much more than scalability.
- Assurance contracts
- Time-shifted fees
- Demurrage
- Subsidy
- Co-signed SPV proofs
- SNARKs
- ...
and all possible combination :-) (endless opportunities)
Edit:
While main protocol intact. No one have to bother with sidechain. Only use if you like feature of sidechain.
I just dont see it in sidechain, any sidechain features are limited by the reliance on Bitcoins POW Merge Mining, true innovation will be multifaceted, something a spin-off could seed.
As for all the other endless opportunities, I see Open Transaction doing a better job in a trust less environment
i agree. merge mining seems to be the only chance SC's have to be secure. however, that comes at the expense of centralization and 51% attacks.
furthermore, the upside potential of BTC is so enormous, i doubt any of these would get any traction.
Sidechain offers much more than scalability.
- Assurance contracts
- Time-shifted fees
- Demurrage
- Subsidy
- Co-signed SPV proofs
- SNARKs
- ...
and all possible combination :-) (endless opportunities)
Edit:
While main protocol intact. No one have to bother with sidechain. Only use if you like feature of sidechain.
I just dont see it in sidechain, any sidechain features are limited by the reliance on Bitcoins POW Merge Mining, true innovation will be multifaceted, something a spin-off could seed.
As for all the other endless opportunities, I see Open Transaction doing a better job in a trust less environment
Another one?
Brent for 60 bucks?
Why not.
Althougt I'm not shorting this one... Dont realy care. 60$, $120 or $30.
Just short daytrading, periodically. So I will lose nothing if it climbs up fast.
Trend is clearly bearish +++
Brent for 60 bucks?
Why not.
Althougt I'm not shorting this one... Dont realy care. 60$, $120 or $30.
Just short daytrading, periodically. So I will lose nothing if it climbs up fast.
Trend is clearly bearish +++
I can give you guys another great prediction.
USDRUB 65
ANd as always , nothing special.
Im longing right from 31, from last year.
USDRUB 65
ANd as always , nothing special.
Im longing right from 31, from last year.
http://www.blockstream.com/
would be interested in hearing what Gavin thinks of sidechains specifically:
https://twitter.com/gavinandresen/status/524975947356061697
would be interested in hearing what Gavin thinks of sidechains specifically:
https://twitter.com/gavinandresen/status/524975947356061697
I like sidechians. It can solve a lot of problems.
Gavin should be very pro-sidechains. It solves his need for scalability.
Many plug-ins can be installed on top of bitcoin.
e.g. sidechain for local economy (town, country) .. "main" blockchain can remain small
how do you secure it?
Answer #2
5 companies or individuals create their own sidechain (they know each others, and they sign some agreement.)
- all transactions in their sidechain must be signed with all 5 parties (POS) -> in order to add in block
- working hours 10 am - 6 pm
IBLT kicks most of the scalability argument for sidechains into touch and out of bounds.
Sidechain offers much more than scalability.
- Assurance contracts
- Time-shifted fees
- Demurrage
- Subsidy
- Co-signed SPV proofs
- SNARKs
- ...
and all possible combination :-) (endless opportunities)
Edit:
While main protocol intact. No one have to bother with sidechain. Only use if you like feature of sidechain.
We (I) are shorting gold from 2008
Target 200-400 for now.
Target 200-400 for now.
So you're underwater for around 6 years?
Typical long term trade.
http://www.blockstream.com/
would be interested in hearing what Gavin thinks of sidechains specifically:
https://twitter.com/gavinandresen/status/524975947356061697
would be interested in hearing what Gavin thinks of sidechains specifically:
https://twitter.com/gavinandresen/status/524975947356061697
I like sidechians. It can solve a lot of problems.
Gavin should be very pro-sidechains. It solves his need for scalability.
Many plug-ins can be installed on top of bitcoin.
e.g. sidechain for local economy (town, country) .. "main" blockchain can remain small
how do you secure it?
Answer #2
5 companies or individuals create their own sidechain (they know each others, and they sign some agreement.)
- all transactions in their sidechain must be signed with all 5 parties (POS) -> in order to add in block
- working hours 10 am - 6 pm
IBLT kicks most of the scalability argument for sidechains into touch and out of bounds.
We (I) are shorting gold from 2008
Target 200-400 for now.
Target 200-400 for now.
Ohh and I forgot to add importantly, that "and it's seems nothing special".
you were 3 yrs too soon.
http://www.blockstream.com/
would be interested in hearing what Gavin thinks of sidechains specifically:
https://twitter.com/gavinandresen/status/524975947356061697
would be interested in hearing what Gavin thinks of sidechains specifically:
https://twitter.com/gavinandresen/status/524975947356061697
I like sidechians. It can solve a lot of problems.
Gavin should be very pro-sidechains. It solves his need for scalability.
Many plug-ins can be installed on top of bitcoin.
e.g. sidechain for local economy (town, country) .. "main" blockchain can remain small
how do you secure it?
Answer #2
5 companies or individuals create their own sidechain (they know each others, and they sign some agreement.)
- all transactions in their sidechain must be signed with all 5 parties (POS) -> in order to add in block
- working hours 10 am - 6 pm
Edit:
a)
- "5 companies sidechain" do not have to be public (no one knows this sidechan exists). They only lock some bitcoins into "sidechain" ... only 5 signatures can unlock bitcoins in main chain
- they can offer to their friends/customers service what moves bitcoins in 1 sec to any other of their customer (only 5 signatures are needed to confirm transaction in sidechain)
We (I) are shorting gold from 2008
Target 200-400 for now.
Target 200-400 for now.
So you're underwater for around 6 years?
He´s a professional shorter, trust him!
Back at short!
That was soon, that's sometimes hapends.
Short at 351
Stop at 385
Target 200.
That was soon, that's sometimes hapends.
Short at 351
Stop at 385
Target 200.
short 327
stop 352
target same
stop 352
target same
Fuck it , i think your newest prediction will finally gone work out!
Finaly in short. Great time to go to short right now - to sell.
Very short position, with great stops.
Position Short at 376
STOP 388
Target 200
When aproach target will post next target.
Second position.
"Mid therm" (if so can be called at btc markets)
Short at 376
Stop 418
Target 200
Very short position, with great stops.
Position Short at 376
STOP 388
Target 200
When aproach target will post next target.
Second position.
"Mid therm" (if so can be called at btc markets)
Short at 376
Stop 418
Target 200
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