The Future of Cryptocurrency - Let&#x27;s Talk About It

sisygoboom (64) · 5 years ago

I haven't read into this much but apparently quantum computing is a big threat to bitcoin (and just about any PoW blockchain). Don't worry though, steem is safe :)

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schubes (66) · 5 years ago

I don't think it's that big of the threat. Old system would be more vulnerable than Bitcoin anyway

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ucukertz (58) · 5 years ago

Steem is safe because?
Can't it just steal private keys?

#sbi-skip

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sisygoboom (64) · 5 years ago

It'll be immune to 51% attacks by quantum computers though. Plus I believe we need to match the account name with the private key on steem in order to perform an op.

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ucukertz (58) · 5 years ago

Yes, Steem is immune to 51% attack because it's not PoW but the account name matching doesn't matter as it will simply target big accounts and crack the private key using the account's public key.

That said, when an account get compromised only liquid currencies can get stolen and the chain also has account recovery mechanism so powered up stakes are basically safe.

#sbi-skip

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sisygoboom (64) · 5 years ago

Indeed, powered up stake protects us even more. And to top it all off, crypto is probably still safer than traditional financial institutions in terms of quantum threats.

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ucukertz (58) · 5 years ago

Yeah, on technical level blockchains are safer than traditional finance but you know how it will go.
The company(ies) who creates practical quantum computers will cartel with banks and not attack them first but attack blockchains first to undermine blockchains' security while in reality banks are even less safe.

#sbi-skip

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freddio (61) · 5 years ago

It's harder to buy things with gold or transport it. I think if people want some liquid assets crypto is better imo.

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theycallmedan (75) · 5 years ago

agreed. gold is a good SOV in most first world countries. Some countries can't "mail gold" - So crypto becomes literally their only way to send money in and out of said country.

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freddio (61) · 5 years ago

true and the way to store it is more save.

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stackin (78) · 5 years ago

I'm really liking Dan's new Eos governance model. Let's see if they can get the block producers to vote on it :)

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theycallmedan (75) · 5 years ago

I liked it but the lock-up times seem extreme. But hell, if some whales want to lock up their tokens for years and years, I am for that xD

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stackin (78) · 5 years ago

BP locking up for 10 years would be reaallllly extreme LOL . Most will probably divide their tokens through all the lockup periods. Gotta love the gamification. :)

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shortsegments (77) · 5 years ago (edited)

@theycallmedan
I am brainstorming a way to onboard content creators from YouTube, along with their following. I am thinking that it only requires 5 Steem in an account for YouTube followers to be able to follow their leaders onto the Steemit platform.

I am considering creating an account for one of the YouTubers recently effected by the Crypto Ban and now unban, along with 100 of their followers.
My first goal is to create a template for such an onboarding and figure out how much time it takes to regenerate RC and create more accounts with my current SP 28k.
My second goal with be to measure how many of those on boarded with very little effort from themselves will actually take the time to post.

I am thinking that if it’s framed around the issues which really matter, free speech, censorship resistance, deplatformation resistance and owning your platform, people maybe attracted to the cause.

Do you have any thoughts or advice based on what you have experienced and learned here on Steemit and in your promotion of Steemit and 3Speak?

Thanks

Posted via Steemleo | A Decentralized Community for Investors

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chireerocks (72) · 5 years ago

@theycallmedan, In my opinion after a long time someone really gave the break to the Speculation and by that i mean, if we see the Bitcoin Economy then this world still pursue it in Secondary options or that's the possible view point as of now in regards to Financial Transactions, when they will face any Blockages while sending through Fiat.

Gold is Store Of Value and Bitcoin is Highway, absolutely true words brother. Stay blessed.

Posted using Partiko Android

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darmianto5 (59) · 5 years ago

This is a verry good friends. Good jhob and post you

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oppongk (75) · 5 years ago

This is really bright @theycallmedan, cryptocurrency has the chance of topping all in future when no other coin can challenge. Thanks for seeing this my Mentor!

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freddio (61) · 5 years ago (edited)

Btw, if we have something like "Steem app Store", a open source place for Apps on the Steem blockchain ( like DAO), for all end user platforms it should be a huge win.

With Games, Frond end apps, social, Dev apps, CMS like wordpress, exchanges, payment apps, shop apps like shopware and much more. Payed and Free ones, maybe with some list fee it goes burned or for DAO.

And it is easy to use it, only thing needed is a Steem account :D

Like you said, open source beats always other software.

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josediccus (75) · 5 years ago

Hello Dan, good evening from my side, obviously I learnt a lot about ethreuem 1.0 really and seems it's really got something going for the future, but you talk about scalability, how will this be an hindrance?

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theycallmedan (75) · 5 years ago (edited)

ETH 1.0 is PoW - ETH 2.0 is POS - ETH 2.0 will scale ETH by thousands of TPS. However, to compete with the likes of Steem or EOS, ETH would need to come up with some revolutionary ways of scaling. They have many scaling solutions on the table, but as I said until it works in practice, there are enough working blockchain projects out currently that I rather focus on.

If the blockchain has scaled today, imagine two years from now, when the other chains finally "scale" - there is great $$ to be made/lost in the speculation, however.

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josediccus (75) · 5 years ago

If the blockchain has scaled today, imagine two years from now, when the other chains finally "scale" - there is great $$ to be made/lost in the speculation, however.

Wow that's incredible

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acreativa (43) · 5 years ago

Hi, nice to meet you. My name is Arturo Fernández from Venezuela. I'm rookie in this world and i need some motivation to continue in Partiko. Can you visit my profile and read or see my posts? Thanks.

Posted using Partiko Android

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rs-farhan (62) · 5 years ago

I would like to know one thing for you. Here's what to post like dtube.!?

Posted using Partiko Android

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rynow07 (53) · 5 years ago

Amazing Idea of the posting

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blazing (70) · 5 years ago

well i hope i can take advantage of this time and have patience in holding because this time won't come again

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artedellavita (64) · 5 years ago

I always love listening to your insight❤️

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ahmanik47 (65) · 5 years ago

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Reveal Comment

theycallmedan (75) · 5 years ago

Posting to threespeak does not garuatnee an upvote from the threespeak account.
threespeak strive's to have a very diverse voting pattern.

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ahmanik47 (65) · 5 years ago

Ok but i think sir you are always not looking my vlog.if you are looking my vlog hope you are support it..its my expectations please looking my last 1 week vlog.. Sorry for that

Posted using Partiko Android

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