Recent content by SolarTwin

This could be really great if its not a scam: A platform to post white papers and have bounty hunters look for misleading info, or unverified claims. Could help a lot in cleaning things up. They are putting their own white paper up for bounty hunter verification so it looks legit so far…...

How much do they pay? My soul is available

The electricity cost could only be reduced if a) Fewer miners were in the system. Fewer miners would mean that the proof of work algorithm would adjust so that it would become easier to solve the math problem. That way, within 10 minutes one computer would find the solution hence less energy...

This paper just came up on another (not neutral) forum: http://community.chainblx.com/t/bitcoin-and-other-cryptocurrencies-are-a-prototype-currency-which-will-have-to-be-replaced/249 However, it's an interesting argument that current cryptos like BTC are just prototypes that are so flawed they...

Then why didn't they switch to mining those other options once the hard fork occurred? The answer is that they prefer mining Bitcoin. Now if that becomes too expensive for miners, they could switch to BitcoinCash or BitcoinGold but it is not definite that they will. Miners will stick to mining...

Yes, but the big difference is that without BTC mining there is nothing to keep the chain up and running for trading.

According to CNBC: Mining bit coin is not cost efficient any more. This means that miners will get offline. Thus the network becomes less decentralized and the 51% attack more likely. I believe a solution like the one by ChainBLX will be necessary also for Bitcoin (and others using POW) in...

And now the move to asset-based cryptos begins. This is the only one that I know of so far: http://community.chainblx.com/t/chainblx-outline/225

Whatever it is, it's not sustainable. The Wild West days are going to succumb to regulation that makes sense. But cryptos will live on, I just can't imagine in what form. It's almost impossible to ban them and mining, which is the whole point I guess

Interesting article, thanks for posting