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Saturday 6 January 2018

RSK is Live

Bitcoin now has a new sidechain running live, rumoured to have all the capabilities and usability of Etherium. RSK is a big deal.

Bitcoin.com, Bitcoin Cash, Rogers Double Edged Sword

Roger Ver is definitely no longer Bitcoin Jesus "Insider trading is a non-crime" killed that. However I don't think that he's the super villain that r/bitcoin people would have you believe. He's kind of half way between, or maybe just a normal guy with slightly different ideas. Bitcoin cash is not all of our idealised form of bitcoin, but it does address the rising transaction costs on the bitcoin network. This problem, though put simply is just caused by over demand for bitcoin, does still need to be fixed and quickly would be good. It is an important issue for crypto currency as a whole. Bitcoin is mastering the store of value stage and entering the medium of exchange stage. The whole thing has now become so massive now and moves more slowly, characters are larger than life, it brings on ideas from a pod cast I've been listening to about the early roman empire. There is a sence of certainty around the crypto empire despite its division. Is Roger Ver the Romulous to bitcoin cores Numa?

Bitcoin Cash (BCH) though originally thought of as a violent attack to bitcoin, is now becoming  kind of commercial arm. The web site promotes easy cheap transactions stored on a blockchain for everyone. It has a charismatic, handsome anarchist leader who normally keeps his cool and with billions of dollars in cryto behind him and an aversion to state.
 
Bitcoin Core (BTC) has settled into the careful and calculated approach. Thousands of independent developers pine over everything and the code moves very slowly. There is no leader and there is no clear agenda apart from decentralisation. The slow disorganised swarm of certainty and higher morals.

Because of the decentralised ideology there is no central media repository for the original bitcoin. This is a hard ste for the general public to take. Bitcoin.org a volunteer web site may be the closest thing, though it only lists a few news outlets (notably missing bitcoin.com) and even to state that it is the place to go is a kind of decentralist blasphemy.

Bitcoin.com even though it is owned by Roger provides a platform has been a long time mainstay of bitcoin (since the days of satoshi) and is now building a bridge between the two bitcoin forks. Due to the circumstances the site has to retained the concepts of both coins and offer simple explanations to the public in accessible way. It is a view that also provides information on alternative crypto currencies. Just recently it was one of their articles that let me know that the price of doge had reached one cent. whilst it still provides a healthy level of scepticism, Dogeillionares and not quite bitcoin maximalists can appreciate this. It is also good mind food for nubies.

Together attacks to bitcoin and crypto currency are much more easily deflected or infiltrated. Thought they are not allies, and admittedly I sold most of my bitcoin cash early on, I am impressed by the success of bitcoin cash. I wonder how old bankers will counter this new sword and the shield combo. Roger Ver is a force to be reckoned with, people should know this name and I think on the whole he is doing a lot of good.

Monday 1 January 2018

Cardano is Crap

Alt coins are on anouther teir as of recent with Ripple taking 2nd place and Cardano apearing in the top 5, surprisingly above litecoin. Investors need to make sure they understand what they are doing and research their coins. Cardano and it's currecy called Ada is underdeveloped and imature and unlikely to prove itself. Even it's web site show a clear lack of direction. The writting is ruffer than mine.

People should understand that computer security involves having the most comitted developers, the smallest attack surface and the most processor cycles. Decentralisation is also an important part of the movement and it's strength.

In my opinion Ripple and Cardano are over rated.

Thursday 21 December 2017

Reddcoin is the Bestcoin

I have liked this coin for a long time, last time I checked it was down 30%. I should have grabed some because last week it was up big, 500%! But its not that or the flash website caught my interest origionally, it's PoSV. This rewards people who run nodes for spending their money with people who need it. It brings a super modern perspective on economics and fair and even wealth distribution. It has a white paper, read about it.

Monday 4 December 2017

Bitcoins Net Neutrality Side Step

Whilst net nuetrality is debated and put under threat the bitcoin infrastructure has already set up viable alternatives to side step a potential shut down of the internet as we know it. Satellites are up and running. Short wave moon bouncing and blue tooth mesh networks are other viable options. With these maybe even shutting down the internet will not stop crypto currency.

Crypto World Problems #2