Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20003. (Read 26610307 times)

Has Bitcoin ever trended up on the weekend??

And shortly thereafter discover this censhoreship free network is only for high value Central Bank reserve settlement. 

#1MB4EVA #gavinREKT #replacebyFIST #hdBOOM #popescutoldmeSO

Just a couple of buyers ... discover Bitcoin.

Yes because most crypto has been open source up to now. They will no doubt attempt to patent every slight tweek to existing crypto that they can think of, and keep their patents so vague that they can sue anyone who makes a few minor changes to any existing coin. I hope the patent examiners refuse them their patent application.

Coin



Explanation

Squeaky wheel worked, you now have one confirmation

All day the blocks have been quite full and the transactions I looked at, obviously a small sample, looked legit.

No need to change anything guys, it's all OK

https://blockchain.info/tr/unconfirmed-transactions
5650 unconfirmed transaction..
Another spam attack ?

what's wrong with blockchain?

0 confirmations in 6 hours

https://blockchain.info/tx/b44be4deceef22bd5467c321e2d4b5a389cbd17b94ae9eeb66b192072bf2c78f

Sorry but this is not true. Proof of work is one way of securing a blockchain, however proof of stake blockchains do not require a lot of computing power at all and I can think of at least two POS currencies which have robust blockchains.

If banks and other entities with massive resources are doing researching Bitcoin and developing their own blockchain technologies, then who knows what proof-of-? method they will use to power their blockchains.

Right. I wasn't implying they would try to create their own BS private chain. They are tech leaders within the financial services space and most likely will be one of the first to incorporate real deal numero uno BTC Blockchain. Maybe they buy out Coinbase...maybe they create the first bank sidechain...who knows. But yeah, keep an eye on them.

Or team up with Coinbase to offer banking services such as direct deposit and debit cards using your Bitcoin balance.

What are they gonna do? 

Incorporate bitcoin blockchain into their creation, or do their own half-assed implementation of something that is not quite a bitcoin blockchain?

Coin



Explanation

Sorry, I should have simply included the patent link.
I hope their patent is denied but I'm not surprised they filed. Maybe coinbase will do something like tesla :/

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20150332395&OS=20150332395&RS=20150332395?p=cite_Brian_Cohen_or_Bitcoin_Magazine


[0049] The teachings of the software and/or hardware facilities provided herein can be applied to other systems, not necessarily the system described herein. The elements and acts of the various embodiments described herein can be combined to provide further embodiments.

[0050] These and other changes can be made to the software and/or hardware facilities in light of the above Detailed Description. While the above description details certain embodiments of the technology and describes the best mode contemplated, no matter how detailed the above appears in text, the described technology can be practiced in many ways. The described technology may vary considerably in its implementation details, while still being encompassed by the technology disclosed herein. As noted above, particular terminology used when describing certain features or aspects of the described technology facilities should not be taken to imply that the terminology is being redefined herein to be restricted to any specific characteristics, features, or aspects of the technology with which that terminology is associated. In general, the terms used in the following claims should not be construed to limit the described technology facilities to the specific embodiments disclosed in the specification, unless the above Detailed Description section explicitly defines such terms. Accordingly, the actual scope of the described technology encompasses not only the disclosed embodiments, but also all equivalent ways of practicing or implementing the described technology.

[0051] To reduce the number of claims, certain aspects of the invention are presented below in certain claim forms, but the applicant contemplates the various aspects of the invention in any number of claim forms. Accordingly, the applicant reserves the right to pursue additional claims after filing this application to pursue such additional claim forms, in either this application or in a continuing application.

So, I know I don't know much about patents, but it sounds like this would also act as a patent on bitcoin almost? just simply changing the name...?

Jorge you are an uber-troll!!

The whole point of blockchain(s) is trust-less-ness
sure banks already use an internal "blockchain" that more and more people trust less and less (guess why... )

Now a good and robust blockchain only needs alot of computing power
Q1  and what is the best way to convince people to offer their computers power to the network?
answer: to get payed by doing so!!!!   (aka miners)

Q2   what is currently the best blockchain to trust?
answer:  Bitcoins blockchain , (because it has the biggest hashrate)

simple as that...

now go teach , because you know what they are saying about those who can't do...




 

::le sigh:: looks like we've come full circle - the following is what we were discussing:

http://www.tradersmagazine.com/news/brokerage/goldman-sachs-files-patent-to-settle-securities-in-bitcoin-114721-1.html

I mean, I know you're new here, but...  *cough*

https://www.reddit.com/r/Bitcoin/comments/3vg06a/official_release_rootstock_white_paper/

sad but true.

unbelievably they claim this roundabout messy way to record data shared amongst themselves is somehow a huge improvement on what they had before, WTF did they have before, did they rely on word of mouth to clear wire transfers?

Well, yeah.

Except that every significant financial institution is looking at 'the blockchain', trying to figure out how they're gonna use it. Which, by the way, was the topic of this sidebar to begin with.

For 'permissioned' cases, I would agree with you.

However, if your use case is a trustless public ledger, it is absolutely the best data structure of which mankind is aware. Efficiency is only meaningful in relative terms when comparing alternatives. Accordingly, for the trustless public ledger use case, it is the most efficient  available.