The Battle And Future Of Bitcoin In Jeopardy

nikethemutt (53) · 7 years ago

That's truly funny. "What side am I on"?? I'm on MY side. I couldn't care less which coin wins out as long as I own at least some of them.

Bitcoin Fanboys make me laugh.

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mohsen2561 (25) · 7 years ago

That's truly funny. "What side am I on"?? I'm on MY side. I couldn't care less which coin wins out as long as I own at least some of them.

Bitcoin Fanboys make me laugh

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avi007 (42) · 7 years ago

funny overloaded...

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zoidsoft (62) · 7 years ago

From what I've seen so far, all the existing code is still open source on github. If there was anything in there that would allow globalist control, I would think it would be pointed out. I haven't personally looked much at this code, but I'm a software dev with 20+ years experience in astronomical applications and I've been studying Mastering Bitcoin by Andreas Antonopoulos (which is now out of date).

Personally I think there's a better solution than increasing block size that also increases privacy / anonymity (Lightning Network). Andreas has said that most likely a combination of block size increase and off chain solutions will be made to scale. As for BCH going to 8 MB, that's not nearly enough to come up to Visa / MC transaction speeds (at least 1 GB would be needed). At the current rate of growth, BCH will need to scale again by next summer.

Andreas also recently said that the simple solution as is often the case in engineering (increasing blocksize) is the wrong one. I think he might be siding with the off chain solutions. Segwit was needed to fix the transaction malleability bugs that existed in bitcoin.

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mouadlbene (25) · 7 years ago

l'exploitation minière est le processus de l'ajout de transaction dossiers à bitcoin publique de livre du passé transactions (et d'un «l'exploitation minière RIG" est un familier métaphore pour un seul système informatique qui effectue le nécessaire calculs pour "l'exploitation minière"). ce livre du passé transactions est appelé le bloc de la chaîne comme il est une chaîne de blocs. le bloc de la chaîne sert pour confirmer les transactions pour le reste du réseau comme ayant eu lieu. bitcoin nœuds utiliser le bloc de la chaîne de distinguer légitime bitcoin transactions de tente de re-passer monnaies qui ont déjà été dépensé ailleurs. minière est intentionnellement conçu pour être ressources intensif et difficile de sorte que le nombre de blocs trouvé chaque jour par les mineurs reste stable. individuels blocs doit contenir une preuve de travail à être considéré comme valide. cette preuve de travail est vérifiée par d'autres bitcoin nœuds chaque fois qu'ils reçoivent un bloc. bitcoin utilise le hashcash preuve de travail fonction. l'objectif principal de l'exploitation minière est de permettre bitcoin nœuds d'atteindre un sécurisé, d'effraction résistant à un consensus. minière est également le mécanisme utilisé pour introduire bitcoins dans le système: mineurs sont payés tout frais de transaction ainsi qu'un "subvention" de nouvellement créé pièces de monnaie. cette fois sert le but de la diffusion des nouvelles pièces de monnaie dans un décentralisée manière ainsi que les motiver les gens à fournir de sécurité pour le système. bitcoin l'exploitation minière est dite parce qu'il ressemble à l'exploitation minière des autres produits de base: il nécessite l'effort et lentement fait nouvelle monnaie disponible à un taux qui ressemble à la vitesse à laquelle les produits de base comme or sont extraites du sol. difficulté le calcul-difficile problème de l'exploitation minière un bloc est difficile parce que le Sha-256 de hachage d'un bloc de tête doit être inférieure ou égale à la cible pour que le bloc à être acceptées par le réseau. ce problème peut être simplifiée pour explication des fins: le hachage d'un bloc doit commencer avec un certain nombre de zéros. la probabilité de calcul de hachage qui commence avec beaucoup de zéros est très faible, par conséquent, de nombreuses tentatives doit être fait., afin de générer une nouvelle hachage chaque tour, un Nonce est incrémenté. voir la preuve de travail pour plus d'informations. la difficulté métrique la difficulté est la mesure de la façon dont il est difficile de trouver un nouveau bloc par rapport à la plus facile il peut jamais être. le taux est recalculé chaque 2,016 blocs à une valeur de telle sorte que le précédent 2,016 blocs aurait été générée dans exactement une quinzaine de jours (deux semaines) avait tout le monde été l'exploitation minière $ à cette difficulté. Ceci est prévu de rendement, en moyenne, un bloc de tous les dix minutes. en plus des mineurs rejoindre, le taux de bloc création augmente. en tant que le taux de bloc génération augmente, la difficulté à se lève pour compenser, qui a un équilibrage de effet en raison de réduire le taux de bloc-création. tout blocs publié par malveillants mineurs qui ne satisfont pas requis difficulté cible simplement être rejeté par les autres participants dans le réseau. récompense quand un bloc est découvert, le découvreur peut prix eux-mêmes un certain nombre de bitcoins, ce qui est convenus par tout le monde dans le réseau. actuellement cette prime est 12.5 bitcoins; cette valeur réduire de moitié chaque 210,000 blocs. voir contrôlée monnaie d'approvisionnement. en outre, le mineur est décerné le honoraires payés par les utilisateurs d'envoi les transactions. les frais est une incitation pour le mineur pour comprennent l'opération dans leurs bloc. dans l'avenir, comme le nombre de nouveaux bitcoins mineurs sont autorisés à créer dans chaque bloc diminution, les frais fera en place un beaucoup plus important pourcentage de l'exploitation minière des revenus. l'exploitation minière des écosystèmes matériel FPGA module utilisateurs ont utilisé divers types de matériel au fil du temps à la mine blocs. matériel cahier des charges et les performances des statistiques détaillées sur l'exploitation minière matériel comparaison page. CPU l'exploitation minière au début bitcoin client versions a permis aux utilisateurs d'utiliser leurs processeurs à la mine. l'avènement de GPU l'exploitation minière fait CPU l'exploitation minière financièrement imprudent que le hashrate du réseau a grandi à une telle mesure que la quantité de bitcoins produite par CPU l'exploitation minière est devenu plus faible que le coût du pouvoir d'exploiter une CPU. l'option a donc été retiré de la base bitcoin du client interface utilisateur. GPU l'exploitation minière GPU l'exploitation minière est considérablement plus rapide et plus efficace que CPU l'exploitation minière. voir l'article principal: pourquoi un GPU mines plus vite que d'une CPU. une variété de populaires l'exploitation minière plates-formes ont été documentés. FPGA l'exploitation minière FPGA l'exploitation minière est un très efficace et rapide façon de mine, comparable à GPU l'exploitation minière et de façon drastique outperforming CPU l'exploitation minière. fpgas typiquement de consommer très petites quantités de puissance avec relativement élevé de hachage évaluations, ce qui les rend plus viable et efficace que GPU l'exploitation minière. voir l'exploitation minière matériel comparaison pour FPGA matériel spécifications et statistiques. ASIC l'exploitation minière une application spécifique circuit intégré, ou ASIC, est une puce conçu et fabriqué pour une très but précis. Asics conçu pour bitcoin mines ont été d'abord publié en 2013. pour la quantité d'énergie ils consomment, ils sont considérablement plus vite que tous les précédent technologies et ont déjà fait GPU l'exploitation minière financièrement imprudent dans certains pays et les configurations. minière des services (nuage de l'exploitation minière) l'exploitation minière des entrepreneurs fournir l'exploitation minière des services à la performance spécifié par contrat, on appelle en tant que "l'exploitation minière contrat." ils peuvent, par exemple, louer un niveau de l'exploitation minière des capacités pour un ensemble des prix à une durée. piscines en tant que de plus en plus des mineurs a participé à l'offre limitée de blocs, les personnes ont trouvé qu'ils étaient de travail pendant des mois sans trouver un bloc et recevoir toute récompense pour leur exploitation minière des efforts. ce fait l'exploitation minière quelque chose d'un pari. pour traiter la variance dans leur revenu mineurs a commencé à l'organisation eux-mêmes dans piscines afin qu'ils pourraient partager récompenses plus uniformément. voir la mise en commun des mines et comparaison de l'exploitation minière des piscines. histoire bitcoin publique de livre (le «bloc chaîne") a été lancé sur 3 janvier, 2009 18:15 UTC probablement par Satoshi nakamoto. le premier bloc est connu sous le nom de la genèse bloc. la première opération enregistré dans le premier bloc a été une seule opération de payer la récompense 50 nouveaux bitcoins à son créateur. vous pouvez aussi consulter guide du débutant à bitcoin l'exploitation minière bitcoin multipool bitcoin l'exploitation minière bitcoin l'exploitation minière dans la plaine anglais par David Perry mise en route avec bitcoin l'exploitation minière tutoriel pour démarrer automatiquement l'exploitation minière lorsque vous verrouiller votre ordinateur. (Windows 7) bitcoin miner simplifié explication de bitcoin l'exploitation minière par Reddit utilisateur azotique bitcoin l'exploitation minière des piscines comparaison de recherche, d'examen et comparer les nuages l'exploitation minière des contrats VIDEO: quel est bitcoin l'exploitation minière? minière simulateur (github source) bitcoin l'exploitation minière expliqué

kellyq.corliss (25) · 7 years ago

google translated
Mining is the process of adding transaction records to public bitcoin from past book transactions (and a "RIG mining" is a familiar metaphor for a single computer system that performs the necessary calculations for " mining ") This book of the past transactions is called the block of the chain as it is a chain of blocks.The block of the chain serves to confirm the transactions for the rest of the network as having occurred .. bitcoin nodes use The chain block distinguishes legitimate bitcoin transactions from tent to re-pass currencies that have already been spent elsewhere.Mineral is intentionally designed to be resource intensive and difficult so that the number of blocks found each day by the miners remains stable. Individual blocks must contain proof of work to be considered valid.This proof of work is verified by other bitcoin nodes each time They receive a block .. Bitcoin uses the hashcash proof of working function. The main objective of mining is to enable bitcoin nodes to achieve a secure, burglar-resistant consensus. Mining is also the mechanism used to introduce bitcoins into the system: miners are paid any transaction fees as well as a "grant" of newly created coins. This time serves the purpose of spreading new coins in a decentralized manner as well as motivating people to provide security for the system. bitcoin mining is said because it looks like mining other commodities: it requires effort and slowly makes new currency available at a rate that looks like the speed at which commodities like gold are extracted from the soil. difficulty calculating-difficult problem of mining a block is difficult because the Sha-256 hash of a head block must be less than or equal to the target for that block to be accepted by the network. this problem can be simplified for explanation of purposes: the hash of a block must begin with a certain number of zeros. the hash calculation probability that starts with many zeros is very small, therefore, many attempts must be made., in order to generate a new hash each turn, a nonce is incremented. see proof of work for more information. Metric difficulty The difficulty is the measure of how difficult it is to find a new block compared to the easier it can ever be. the rate is recalculated every year to 1616 blocks so that the previous 2016 blocks would have been generated in exactly a couple of weeks (two weeks) had everyone been mining at this difficulty. This is expected to yield, on average, a block of every ten minutes. in addition to joining minors, the block creation rate increases. as the block generation rate increases, the difficulty to rise to compensate, which has an effect balancing due to reduce the block-creation rate. Any blocks released by malicious minors that do not meet the required difficulty target simply be rejected by other participants in the network. reward when a block is discovered, the discoverer can price themselves a certain number of bitcoins, which is agreed by everyone in the network. currently this premium is 12.5 bitcoins; this value halves each 210,000 blocks. see controlled supply currency. in addition, the minor is awarded the fees paid by users sending the transactions. the fee is an incentive for the minor to understand the operation in their block. In the future, as the number of new minor bitcoins are allowed to create in each block decrease, the fees will set up a much larger percentage of mining revenue. Mining ecosystems hardware FPGA module users have used various kinds of hardware over time at the mine blocks. Hardware specifications and performance detailed statistics on mining material comparison page. CPU early mining bitcoin client versions allowed users to use their processors at the mine. the advent of GPU mining makes CPU mining financially reckless as the network hashrate has grown to such an extent that the amount of bitcoins produced by CPU mining has become lower than the cost of power exploit a CPU. the option has been removed from the bitcoin database of the UI client. GPU mining GPU mining is considerably faster and more efficient than CPU mining. see the main article: why a GPU mines faster.

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dirtweasel (40) · 7 years ago

BTC will always be king! just hold through the darkness into the light...

stutin (37) · 7 years ago

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viktorfreeman (25) · 7 years ago

Doing some research on your own is always better than blind trust....

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nokodemion (59) · 7 years ago

turn lead into GOLD and you can have all the pussy you want

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beingsamadhi (40) · 7 years ago

I hope we all do All we can to keep BTC free and decentralized! Fight for freedom Not greed!

theclear (45) · 7 years ago

It seems that BTC and BCH are like stock and housing markets.

The whales who control wall street crash the market so the herd will sell in a loss and run for the housing market where the housing whales are waiting. In few years they will crash the housing market so the herd sell and run for the stock market. And the cycle goes on every 20 years for the new breed to be sacrificed. There are new inexperienced whales in crypto town. The difference is that they turn the cycle every 20 weeks.

nokodemion (59) · 7 years ago

I am not going to question the technology or idea factor. I would like to question the human factor, which is obviously present.

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theclear (45) · 7 years ago

Exactly. technology by itself is dumm and can be manipulated by human who has self interest above all others.

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dwarrilow2002 (65) · 7 years ago

How can 2 people down vote this post? I think one event that would solidify Bitcoin Cash in the marketplace would be for BITPAY - https://bitpay.com/ to accept it. As a member of the Bitcoin Foundation I am bothered to hear the statement that control of Bitcoin is being usurped. At this stage I am invested equally in BTC and BCH

@tipU - send tips by writing tip! in the comment, get share of the service profit :)

tipu (67) · 7 years ago

Hi @lukewearechange! @fishyculture is sending you 0.1 SBD tip and @tipU upvote !

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caymanlife (31) · 7 years ago

Nice

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tahir92 (40) · 7 years ago

Follow me for for free & Top Accurate crypto currency signals..

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feelsomoon (52) · 7 years ago

I believe Bitcoin will thrive long term. It has the trust of people and even if technology is slow for many it does things in a way that keeps the blockchain stable. The attacks will also make it stronger. I still want to find other coins I trust but as of now most of my holding is BTC. I'll hedge it soon but need to do the proper research.

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caseyjparker (49) · 7 years ago

I read the headline as "on jeopardy". I am disappoint.

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kaleem345 (60) · 7 years ago

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fishyculture (60) · 7 years ago

Thank you Luke. This platform is how I began to dabble in cryptos, and I appreciate you keeping me informed of important developments like this. tip!

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immawake (55) · 7 years ago

Same...

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nicholas83 (56) · 7 years ago

Can I second that?

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lrd (62) · 7 years ago

Suddenly Steem appears with a laser sword!

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lukewearechange (75) · 7 years ago

Video is also available on youtube: https://goo.gl/HF1N3Y

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4 votes

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lukewearechange (75) · 7 years ago

steemit

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dogbreath (28) · 7 years ago

I am all in BCH/BCC

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rlt47 (56) · 7 years ago

Awesome post, I did a similar one earlier today...FUD or FACT!? My Post

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bitgeek (62) · 7 years ago

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andrew009s (46) · 7 years ago

thank for your information ...

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statsmonkey (49) · 7 years ago

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 72.54 SBD, based on the pending payout at the time the data was extracted.

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crypto3em3 (45) · 7 years ago

If bitcoin comes through all these forks positively,its going to be like an un movable rock lol

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nokodemion (59) · 7 years ago

Now what is a more likely scenerio...

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rifat5 (50) · 7 years ago

wow very very great and beautifull post.I like it!!!

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krishnabhusal (37) · 7 years ago

Follow me and I will follow you back @krishnabhusal

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godfatherofsalsa (45) · 7 years ago

Thank you for keeping me up to date with what is going on. I have upvoted you, if you like my posts and videos, please UPVOTE ME.

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coincheckup (6) · 7 years ago

Very good article.

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thecastle (68) · 7 years ago

This shit has been a nightmare for me in the last few days. I decided to go in 70% BCH 30% BTC

And I am on the edge of my seat.

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techwizardry (65) · 7 years ago

Why not just do 50-50? Bitcoin has CME futures and ETFs coming soon, BCH is a long way away from that kind of adoption.

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nokodemion (59) · 7 years ago

Cause this train's gonna keep runnin' 'til until then and that'll give you more fits than just acknowleding that you are a muppet and you always buy the two lips at the top.

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deformat (25) · 7 years ago

The people organising this war are the miners, there are no sides to take, stop encouraging a war. BTC needs to upgrade, but this doesn't mean a war needs to take place

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mycoindiary (13) · 7 years ago

Need more evidence to prove that any of this will have any effect on bitcoin looking at long-term investing. Mind you it is a well established and running on all major exchanges, Almost imposible to downgarde I think :D

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jashim (36) · 7 years ago

nice

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myeasin (57) · 7 years ago

Thats a really helpfull post @lukewearechange

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kaleem345 (60) · 7 years ago

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deep9717 (0) · 7 years ago

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Reveal Comment

thomasfarley (48) · 7 years ago

Nice, look forward to your next post!

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mdjony (7) · 7 years ago

I voted for you and followed you, you will vote and follow me

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pinkisharma (15) · 7 years ago

Please help me

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rana420 (55) · 7 years ago

Nice post...

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marccage833 (42) · 7 years ago

Um, excuse me?? Segwit is a globalist plot to destroy bitcoin? Fucking how exactly? One dude at blockstream doesn't control bitcoin Lol.

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cryptomeeks (53) · 7 years ago

Bitcoin will eventually be over politicized and centralized. We need to put power into decentralized currencies that are not as easily corruptible.

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sean-angel (35) · 7 years ago

Thanks Luke, Great information. Upvoted.

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samtex (25) · 7 years ago

i want to add a article to that:

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drawesome24 (8) · 7 years ago

When talking about future of BTC, I invested in crypto and day trade. If I just put my initial amount into BTC I would have more than i have now :P

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shahinkhanu (25) · 7 years ago

very nice postt

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iamjeydii (51) · 7 years ago

Hi guys? Lets follow to follow each other

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alexcaskie (43) · 7 years ago (edited)

Berwick looks like he's drinking again, sure sounds like that too!

Next he'll be telling us to buy gold from Peter Schiff, after we might find out he actually works for Goldman Sachs and the Federal Reserve.

Stick a fork in him! He's done!

Not calling Bitcoin Cash out for the scam that it is; reprehensible, imho.

Anarcho-Capitalist my arse, working for the IMF is more like it.

Screw Bitcoin-Cash and these mining scamsters, it is basically a robbery.

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nilpan (65) · 7 years ago

Too much is at stake in the world's banking system.
Bitcoin destroys banking system.
Bankers desperate to resist against bitcoin.
Actually started a real war against the cryptocurrency.
It can lead to very negative consequences for the entire financial system in the world.
Who will not be able to adapt to new financial mechanisms, will face big problems

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walidsalah (57) · 7 years ago

Very cool content
And more effort in the work of the publication to benefit everyone
Deserve more votes due to this great effort
My greetings to you and always wonderful and great I am very happy with your participation
Greetings to you
@walidsalah

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mcsamm (71) · 7 years ago

Wow...thats a bright news

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emekaorjiani (47) · 7 years ago

The downfall of Bitcoin is near, I'm not killing the mind but it's wiser to invest in electronic currency. Bitcoin now rules the world with it's drastical growth leading and controlling people to pump in so much energy and currencies

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phuzz (35) · 7 years ago

I read somewhere that Bitcoin Cash was made by the Feds to destroy bitcoin and suck the life out of it, isn't this pretty bad news if its true? Many BTC Holders will sell to buy Bitcoin Cash during the rise, later on they will make Bitcoin Cash crumble, hard hit for everyone. I am no crypto expert in anyway possible, just some common sense I would assume.

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