Regarding Blockstream latest video | Bitcointalksearch.org

krishnapramod

legendary

Activity: 1470

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Quote from: OmegaStarScream on August 15, 2017, 01:15:38 PM

This look so interesting indeed. If I got this, we can download the blockchain without internet connection to our computer but we must first buy a few tools that cost 100$ but does that include sending, receiving transactions and whatever we can currently do with an internet connection?

Currently blockstream satellite is only one-way, to receive new blocks and to ensure node synchronization. Yeah, but to initiate transactions you would need internet access/mobile data, but cheaper communication technologies like SMS or satellite internet services/bi-directional satellite could be used instead.

Quote

Currently the system is only one-way. It provides a way to receive new blocks and ensure nodes stay in sync. However, transactions can be sent using other communication channels such as SMS or conventional satellite internet services. As transaction data is very small, even using the most expensive satellite internet service, it would cost less than $0.01 per transaction.

https://blockstream.com/satellite/faq/

Just saw this on Reddit, How to push Bitcoin transactions via SMS, http://gk2.sk/how-to-push-bitcoin-transactions-via-sms/

https://www.reddit.com/r/Bitcoin/comments/6txhr7/how_to_push_bitcoin_transactions_via_sms/

Ucy

sr. member

Activity: 2576

Merit: 401

Quote from: AbrahamLinco on August 15, 2017, 11:01:10 AM

Quote from: krishnapramod on August 15, 2017, 10:53:35 AM

Quote from: OmegaStarScream on August 15, 2017, 09:28:14 AM

I believe a lot of you guys is aware about the video that Blockstream made: https://www.youtube.com/watch?v=lbx7NAnVeGc
We still don't know what is it about but do you think we should be excited about this? Some are saying that this is a way to have bitcoin without the need of internet connection, others are saying to run nodes in space etc.

I'm not sure about you but I personally don't think it has anything to do with space, I mean doesn't that require millions, If not billions of investment? unless whatever they are going to provide will have fees and will be widely used, I don't think Its something realistic.

Blockstream satellite

Quote

The Blockstream Satellite network is designed to broadcast the bitcoin blockchain to the entire planet. The satellite network provides an opportunity for nearly 4 billion people without internet access to utilize bitcoin while simultaneously ensuring bitcoin use is not interrupted due to network interruption.

Utilizing the latest open source Software Defined Radio (SDR) technologies, the Blockstream Satellite network offers a breakthrough in the cost effectiveness of satellite communications. Instead of spending thousands of dollars on specialized satellite equipment, the entire cost of all equipment needed to connect your computer to the Blockstream Satellite network is only about $100 USD.

1. No internet required - satellite internet - connecting bitcoin to the people those who have no internet access.

2. Cutting down the cost of running full nodes.

Quote

Blockstream Satellite eliminates these cost barriers and enables people to receive blocks at no cost allowing more people to utilize Bitcoin and participate in the Bitcoin network.

Connecting your computer to the blockstream satellite is only about $100.

3. Network stability

Quote

Blockstream Satellite provides an alternative method of receiving the blockchain that is not affected by connection failure. This protects against network interruptions and prevents any participating node from becoming isolated or partitioned.

Blockstream Satellite enables the bitcoin network to be more robust than ever before.

Quote

According to Back, Blockstream will eventually release an API for developers and companies to send data over the satellite connection for a small bitcoin fee.

https://blockstream.com/satellite/blockstream-satellite/

https://www.coindesk.com/blockstream-using-satellites-beam-bitcoin-earth/

The concept is simply amazing.

It really is! This could seriously change the BTC game. It's innovations like this that will get BTC to that $25k mark.

This is great idea considering that no government controls Space. However Blockstream owning the satellite alone would kind of encourage Centralization and Monopoly.
What if the Satellite is shutdown by Military Laser or powerful Missile? These all should be taken into consideration.

OmegaStarScream

staff

Activity: 3472

Merit: 6129

This look so interesting indeed. If I got this, we can download the blockchain without internet connection to our computer but we must first buy a few tools that cost 100$ but does that include sending, receiving transactions and whatever we can currently do with an internet connection?

Pacanier

newbie

Activity: 17

Merit: 0

That Bitcoin satellite thing is such a blessing ! I can not even imagine how it will be awesome to be connected to Bitcoin without any Internet access ! Price will feel very good after this has been implemented.

xskl0

sr. member

Activity: 378

Merit: 260

Bitcoin SV is Bitcoin

Is about running nodes without internet connection

gentlemand

legendary

Activity: 2590

Merit: 3008

Welt Am Draht

Quote from: Kprawn on August 15, 2017, 12:07:36 PM

If they think that they are making Bitcoin more accessible for the poor, by charging $100 for that privilege.. then they are

underestimating the poverty levels. You might think $100 is relatively cheap for a 1st world country, but it is a lot of money

You can't magic the required tech out of thin air. At least it's out there waiting to be tapped.

It is a slightly odd one. A mobile phone costs less and already does the same thing, however this is one of those things that should throw up some currently un thought of possibilities.

Kprawn

legendary

Activity: 1904

Merit: 1073

If they think that they are making Bitcoin more accessible for the poor, by charging $100 for that privilege.. then they are

underestimating the poverty levels. You might think $100 is relatively cheap for a 1st world country, but it is a lot of money

in the third world countries. We might need to subsidize that cost with funding via Charity donations. Huh

It is definitely a

good move with WWIII rumours trending at the moment. {During war, internet access will be disrupted} Wink

CryptosapienZA

full member

Activity: 378

Merit: 101

Quote from: OmegaStarScream on August 15, 2017, 09:28:14 AM

I believe a lot of you guys is aware about the video that Blockstream made: https://www.youtube.com/watch?v=lbx7NAnVeGc
We still don't know what is it about but do you think we should be excited about this? Some are saying that this is a way to have bitcoin without the need of internet connection, others are saying to run nodes in space etc.

I'm not sure about you but I personally don't think it has anything to do with space, I mean doesn't that require millions, If not billions of investment? unless whatever they are going to provide will have fees and will be widely used, I don't think Its something realistic.

I will be keeping an eye on this one. The video is very interesting, I am not sure either what the video is about but what ever it is, it sounds fascinating. Imagine, Accessing the blockchain without the internet?? Now that would be revolutionary. We live in interesting times in deed.

AbrahamLinco

full member

Activity: 159

Merit: 100

Quote from: krishnapramod on August 15, 2017, 10:53:35 AM

Quote from: OmegaStarScream on August 15, 2017, 09:28:14 AM

I believe a lot of you guys is aware about the video that Blockstream made: https://www.youtube.com/watch?v=lbx7NAnVeGc
We still don't know what is it about but do you think we should be excited about this? Some are saying that this is a way to have bitcoin without the need of internet connection, others are saying to run nodes in space etc.

I'm not sure about you but I personally don't think it has anything to do with space, I mean doesn't that require millions, If not billions of investment? unless whatever they are going to provide will have fees and will be widely used, I don't think Its something realistic.

Blockstream satellite

Quote

The Blockstream Satellite network is designed to broadcast the bitcoin blockchain to the entire planet. The satellite network provides an opportunity for nearly 4 billion people without internet access to utilize bitcoin while simultaneously ensuring bitcoin use is not interrupted due to network interruption.

Utilizing the latest open source Software Defined Radio (SDR) technologies, the Blockstream Satellite network offers a breakthrough in the cost effectiveness of satellite communications. Instead of spending thousands of dollars on specialized satellite equipment, the entire cost of all equipment needed to connect your computer to the Blockstream Satellite network is only about $100 USD.

1. No internet required - satellite internet - connecting bitcoin to the people those who have no internet access.

2. Cutting down the cost of running full nodes.

Quote

Blockstream Satellite eliminates these cost barriers and enables people to receive blocks at no cost allowing more people to utilize Bitcoin and participate in the Bitcoin network.

Connecting your computer to the blockstream satellite is only about $100.

3. Network stability

Quote

Blockstream Satellite provides an alternative method of receiving the blockchain that is not affected by connection failure. This protects against network interruptions and prevents any participating node from becoming isolated or partitioned.

Blockstream Satellite enables the bitcoin network to be more robust than ever before.

Quote

According to Back, Blockstream will eventually release an API for developers and companies to send data over the satellite connection for a small bitcoin fee.

https://blockstream.com/satellite/blockstream-satellite/

https://www.coindesk.com/blockstream-using-satellites-beam-bitcoin-earth/

The concept is simply amazing.

It really is! This could seriously change the BTC game. It's innovations like this that will get BTC to that $25k mark.

krishnapramod

legendary

Activity: 1470

Merit: 1078

Quote from: OmegaStarScream on August 15, 2017, 09:28:14 AM

I believe a lot of you guys is aware about the video that Blockstream made: https://www.youtube.com/watch?v=lbx7NAnVeGc
We still don't know what is it about but do you think we should be excited about this? Some are saying that this is a way to have bitcoin without the need of internet connection, others are saying to run nodes in space etc.

I'm not sure about you but I personally don't think it has anything to do with space, I mean doesn't that require millions, If not billions of investment? unless whatever they are going to provide will have fees and will be widely used, I don't think Its something realistic.

Blockstream satellite

Quote

The Blockstream Satellite network is designed to broadcast the bitcoin blockchain to the entire planet. The satellite network provides an opportunity for nearly 4 billion people without internet access to utilize bitcoin while simultaneously ensuring bitcoin use is not interrupted due to network interruption.

Utilizing the latest open source Software Defined Radio (SDR) technologies, the Blockstream Satellite network offers a breakthrough in the cost effectiveness of satellite communications. Instead of spending thousands of dollars on specialized satellite equipment, the entire cost of all equipment needed to connect your computer to the Blockstream Satellite network is only about $100 USD.

1. No internet required - satellite internet - connecting bitcoin to the people those who have no internet access.

2. Cutting down the cost of running full nodes.

Quote

Blockstream Satellite eliminates these cost barriers and enables people to receive blocks at no cost allowing more people to utilize Bitcoin and participate in the Bitcoin network.

Connecting your computer to the blockstream satellite is only about $100.

3. Network stability

Quote

Blockstream Satellite provides an alternative method of receiving the blockchain that is not affected by connection failure. This protects against network interruptions and prevents any participating node from becoming isolated or partitioned.

Blockstream Satellite enables the bitcoin network to be more robust than ever before.

Quote

According to Back, Blockstream will eventually release an API for developers and companies to send data over the satellite connection for a small bitcoin fee.

https://blockstream.com/satellite/blockstream-satellite/

https://www.coindesk.com/blockstream-using-satellites-beam-bitcoin-earth/

The concept is simply amazing.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Well that is something we will keep an eye on but I will not expected this to be a hundred percent successful well because of the lack of proof and explanation is needed and a video that doesn't tell all would not be a 100% proof for a community to make an innovation like this, well it is truly a great step for other people that don't have internet access can surely be please by this project, and like you said it will need a great amount of money well let's just wait fo another announcement.

OmegaStarScream

staff

Activity: 3472

Merit: 6129

I believe a lot of you guys is aware about the video that Blockstream made: https://www.youtube.com/watch?v=lbx7NAnVeGc
We still don't know what is it about but do you think we should be excited about this? Some are saying that this is a way to have bitcoin without the need of internet connection, others are saying to run nodes in space etc.

I'm not sure about you but I personally don't think it has anything to do with space, I mean doesn't that require millions, If not billions of investment? unless whatever they are going to provide will have fees and will be widely used, I don't think Its something realistic.

Topic: Regarding Blockstream latest video (Read 401 times)