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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19382. (Read 26609902 times)

sr. member
Activity: 373
Merit: 250

I was hoping for something that didn't involve drugs or gambling.

How's about Ethering the cash to pre fund the removal of some Indian sap's kidney and then they get the rest when it's safely installed in grandma back in the good old US?

>Order decent white kidney
>Pay for decent white kidney
>Get Indian kidney

Lord, why hath thou forsaken me?

In this hypothetical scenario, your imaginary friend has actually probably done you a favour.

Most sub-continental asians live on a largely vegetarian diet, low fat, sugar, sodium and no alcohol. I'd happily snap up an Indian kidney over a flogged out old American kidney any day of the week.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
ImI
legendary
Activity: 1946
Merit: 1019
No other coin has been through the fire yet. I doubt any of them will survive "governance".

to implement a voting-mechanism per stake could solve the issue. in the end its the holders of the currency who should decide which way to go.
That's what we have now. It's called fiat.

lol

i can't remember being asked what rate hike should be next...
That's because you don't have enough stake. Get yourself a Federal Reserve bank and enjoy the power.

so, in fiat we dont have a "voting-mechanism per stake"? you dont say?!

you see, in fact fiat is more like a small developer-group deciding which way to go. its basically the same, just some small group of politicians and economists deciding.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
No other coin has been through the fire yet. I doubt any of them will survive "governance".

to implement a voting-mechanism per stake could solve the issue. in the end its the holders of the currency who should decide which way to go.
That's what we have now. It's called fiat.

lol

i can't remember being asked what rate hike should be next...
That's because you don't have enough stake. Get yourself a Federal Reserve bank and enjoy the power.
ImI
legendary
Activity: 1946
Merit: 1019
No other coin has been through the fire yet. I doubt any of them will survive "governance".

to implement a voting-mechanism per stake could solve the issue. in the end its the holders of the currency who should decide which way to go.
That's what we have now. It's called fiat.

lol

i can't remember being asked what rate hike should be next...
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Why can't the Eth shills stick to their own thread? I don't go into their thread spamming a shitcoin.

it's the same crowd ... the ethereum pump is an attempt to spook the bitcoiner masses into the arms of the big-block banksters and their classic cronies ... 'cos "if bitcoin can't scale someone else will"

ethereum has been crawling with banksters from day zero ... they crave the ethos of bitcoin but could never create it.
Not sure what you mean by "big-block banksters". The numbers are arbitrary. You need a technical argument to support a particular block size. So far, 2 MB doesn't even approach a technical limitation and in fact doubles Bitcoin's almost negligible user capacity.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
No other coin has been through the fire yet. I doubt any of them will survive "governance".

to implement a voting-mechanism per stake could solve the issue. in the end its the holders of the currency who should decide which way to go.
That's what we have now. It's called fiat.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

I think the market would actually pay more at this point for a more centralized Bitcoin. Ironical.

You have voiced the truth that dare not speak its name. There is now only one course of action that remains for you. 

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Why can't the Eth shills stick to their own thread? I don't go into their thread spamming a shitcoin.

it's the same crowd ... the ethereum pump is an attempt to spook the bitcoiner masses into the arms of the big-block banksters and their classic cronies ... 'cos "if bitcoin can't scale someone else will"

ethereum has been crawling with banksters from day zero ... they crave the ethos of bitcoin but could never create it.
legendary
Activity: 1260
Merit: 1116
No other coin has been through the fire yet. I doubt any of them will survive "governance".

I think the market would actually pay more at this point for a more centralized Bitcoin. Ironical.
ImI
legendary
Activity: 1946
Merit: 1019
No other coin has been through the fire yet. I doubt any of them will survive "governance".

to implement a voting-mechanism per stake could solve the issue. in the end its the holders of the currency who should decide which way to go.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
No other coin has been through the fire yet. I doubt any of them will survive "governance".
legendary
Activity: 1090
Merit: 1000
Why can't the Eth shills stick to their own thread? I don't go into their thread spamming a shitcoin.
legendary
Activity: 2758
Merit: 1075
lol eth being mentioned on last 6-7 pages here, am i at the right forum!  Cheesy

If you guys knew what was really going on you would all be holding some ether.

The btc tech is old. If you look at all digital technolgies they always have huge evolution progress every 5-10 years. BTC cant go much further, the journey is coming to an end.
Think, kazaa,limewire were awesome now we all use torrents.
Nokia was top of the mobile game now its apple
msn messenger,myspace were years ahead of the compettion now we all use facebook.
i could give examples all day long.

By 2023 we will be living in a very different world. Cryptographic money may be common, but the layman will not know that he's using it. This money, however, is not Bitcoin . After years of failing to adapt,to its rapidly advancing technological environment, BTC slowly fizzles out into obsolescence.
But the vision of Satoshi is not forgotten. The very meaning of the word "cryptocracy" is being flipped on it's head. The shadow government is loosing its grip on the people, cryptography and blockchain technologies are not only empowering people to take control of their wealth, but also to make their voices heard. True democracy is enabled through the means of provably fair voting systems and smart contracts. Now there is no need for trust, and thus no need for representatives. The people take back the power and are able to govern the world by majority consensus for the first time in history.
Bitcoin will go down in the history books as one of the first stepping stones to the new society. It is a pioneer and we learned a valuable lesson along the way: to once again never trust a single group with the control of the money supply.

https://www.tradingview.com/chart/BNC1/BLX/YFDnalUh-The-Road-to-Obsolescence-A-Seven-Year-Cycle-in-Bitcoin/        Cheesy  Tongue

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1260
Merit: 1116
Bitcoin is too inflexible for what Ethereum is trying to do and vice versa. With Bitcoin Ethereum has a safe and reliable store of value which it can integrate into its systems. With Ethereum Bitcoin has a platform uniquely suited to expand its potential. It's a win-win situation.

When and how did Ethereum solve the two-way-peg-problem that is required for it to "use Bitcoin as a reliable store of value which it can integrate" ?

Ethereum will not work like a sidechain. Distributed apps running on ethereum will run Bitcoin wallets and operate them through smart contracts.... I think.



So you're saying that it's possible to move bitcoins back and forth from the Bitcoin blockchain using an outside D App without Bitcoin being aware of it and without a trusted third party ? Interesting.

(I am pretty sure that it's not possible)

No, that's not what I'm saying. The bitcoins stay on the Bitcoin blockchain. It's no different from me or you or Circle's system using Bitcoins. Except it's an Dapp doing it.

Ok but who holds the private keys ?

Me ?
You ?
The Dapp maintener ?


The Dapp. Who controls the Dapp depends on the program. If you run the program, control the program and fill its wallet, then you control the wallet. You can also set it to be completely autonomous, which would be handy if you want to run a smart contract with triggers involving other people.

I still don't understand.
I think I will have to wait for a real dapp to implement it to see if it works.

I've seen some examples, but I think most of its use cases haven't been thought of yet.

Here's an interesting presentation from IBM and Samsung where they use Ethereum: https://www.youtube.com/watch?v=U1XOPIqyP7A


Here's a decent example from the new Princeton textbook.

Suppose Alice wants to challenge Bob to game of chess with money on-line. Alice will write an Ethereum program that implemements the rules of chess and upload it to Ethereum. She'll send the contract a quantity of Ether equal to the amount she wants to bet. Bob can see this, and if he decides to accept, he can start the game by sending his own stake of betting Ethers to the contract. The contract will then pay the winner.
There's not always a winner. Let's see independent "contracts" play each other.



Make it stop.
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