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Funding the future with the future of currency
**About the Einsteinium Foundation** The Einsteinium Foundation was created to help, in any small way it can, raise funding for cutting edge scientific research. To this aim we created Einsteinium, a new crypto currency (similar to Bitcoin), to gather funds that can be distributed to projects the community chooses. Combined with donations from the community at large we will help fund some of the most innovative projects currently under-way or help seed those waiting to start.
Hey guys, I dabbled in Mining bitcoin and Altcoin back in 2013, I remember using a graphics card to mine that would point to a pool that would mine the most economical ALT coin. I ended up with doge and Megacoin and I also have a lucky coin and mintcoin files. So The Dogeclient I just opened up and its 337 weeks behind So I assume I can just let that go to see how many Doge I have remaining. The Megacoin, When I start up the client it said no blockchain or similiar originally and now has not moved from 7 years behind. The lucky coin and mintcoin seem to share the same GUI for a wallet. They do not seem to be updating when open and just statte out of sync with no way to Sync them.
So one downside of this particular copy/paste coin: it's very cheap to bloat the blockchain. Tweaking the money supply without tweaking the minimum transaction size or transaction fee means that it cost about $0.000001 per gigabyte, or less than $1 to make it too big for anyone to download. Someone check my math on this, I'm using 0.0001 as the tx fee and 0.00000001 * ~2500 as the output amounts. It took a dumb college kid an hour of work to make a script that adds 1gb to the dogechain every few days. This is using the QT client and shitty sleep() synchronization (how do you pass the minconf arg with jsonrpc? anyone?). I'm sure someone with another hour and more bitcoin RPC knowledge could put dogecoind on a few AWS instances and make it so the blockchain doesn't fit on an average hard drive in less than a day. I didn't give a shit until I read about some poor schmuck investing 1.5btc into this. You guys are straight up irresponsible for promoting / encouraging that. The only solution I can think of is to raise the transaction fee significantly. Something like 10 doge should be enough. Fortunately there's no effective way to short cryptocurrencies yet, otherwise you wouldn't be able to make it high enough. Either that, or actually innovate (wow!) by implementing a rotating blockchain or something. The script: NEVERMIND PEOPLE GOT MAD THAT I POSTED IT (this jsonrpc version: https://github.com/jgarzik/python-bitcoinrpc ) "addrs.txt" is generated with:
Check out the transaction: http://dogechain.info/tx/856400286a22663580b6ff30e63dc516fd6a7b38f66490bed177ea1e51a13d7b Anyway, I'm gonna stop running this because I have nothing to gain and don't want to be a dick. But seriously, stop promoting dogecoin until you guys figure this out. edit: formatting edit 2: If anyone is actually planning on running this, please do us a favor and attack Megacoin or Quark or Worldcoin instead. Those are scamcoins that aren't even claiming to be just for fun. At least dogecoin has tremendous educational value.
Are there cryptocurrencies with features "different" from bitcoin?
Pretty much every cryptocurrency I've heard about are essentially just bitcoin with some pretty minor differences. Different block time targets, different algorithms for mining, different rewards for blocks; stuff like that. But, basically, they're all clones of the same thing that take the same steps that bitcoin does. Is there a different and interesting one?
Cryptocurrency Market - The Biggest Trends to watch out for 2018-2025
New market research study provides an analysis and evaluation of the current and prospective profitability, liquidity and financial stability of Global Cryptocurrency Industry. Cryptocurrency is a digital currency which operates on cryptographic techniques to complete safe transaction. Being decentralized with no governing body/central body involved in verifying transaction, secured protection and producing new currencies are projected to be the major reason for the market growth over the forecast period. Moreover, cryptocurrency’s community which include miners/stakers, developers, service providers, users etc. drive the governance of cryptocurrencies. The positive feedback loop has made the community more homogenous. Globally, cryptocurreny has been selected as digital payment method for the future financial world. These convenient currencies are completely digital requiring online transaction unlike physical cash. Hustle free transaction and deduction in entire ownership cost are few key features propelling the industry. Major drivers include authentication, ease of transaction, complete security, faster international transaction are expected to spur the market growth with steady performance. Moreover, the industry has not been confined with government rules, exchange rates, interest rates or international transaction fee, hence, making the currency more convenient for application. The currencies can also be transferred digitally via devices such as smartphones, since they are completely unrestricted from any centralized bank/authorities. Vendors and consumers prefer virtual money for making payments, henceforth, creating new opportunities for the market growth. Get PDF with Technological trends athttps://www.xpodenceresearch.com/Request-Sample/105813 Tax-free & compliance-free transactions, lesser chances of identity theft & fraud and negligible fee charged for cryptocurreny transaction are few other key elements augmenting the industry growth over the forecast period. Moreover, lack of awareness among the people and stringent rules and regulations for application of robots in various countries is expected to restrain the market growth. The emerging industry is projected to grow over the forecast period with more public awareness and continuous increase of new market players with innovative product/services. The market has been segmented into type of currency, mining types, and application. The type of currency segment includes Bitcoin, Litecoin, Ethereum, Ripple, and others. Mining type is segregated into solo and pool mining. The application segment includes banking, real estate, stock market and virtual currency. Other application for the market includes retail sector, gaming industry, education, logistics & transportation, BFSI, tourism sector, media and entertainment industry. BFSI is expected to acquire the major share followed by retail sector operating on cryptocurrencies. The cryptocurrency mining hardware includes Central Processing Unit (CPU) mining, Graphics Processing Unit (GPU) mining, Field-Program Gate Array (FPGA) mining, and Application-Specific Integrated Circuit (ASIC) mining. ASIC mining can calculate 10,000 times faster than conventional CPU mining. Increasing acceptance and potential growth for this industry have attracted various small vendors globally for competing in the market. Apart from Bitcoin, Litcoin has also gained prominence in the market over last few years, there are plenty of vendors in the market namely as Litecoin, Namecoin, Novacoin, Peercoin, Ripple, Steller, Primecoin, Megacoin, and many others. Geographically, the market is expended across North America (U.S., Mexico, and Canada), Europe (UK, France, Germany, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and MEA (Middle East, Latin America, and Africa). North America region dominates the market owing to the regulations offered by the government. Brazil and Canada are other major regions using cryptocurreny due to rules and regulations Obtain Report Details with technological advancement athttps://www.xpodenceresearch.com/Reports/Cryptocurrency-Market Key market players include Intel Corporation, Microsoft Corporation, Xilinx, Inc., NVIDIA Corporation, 21 Inc. AlphaPoint Corporation , Amazon.com, Inc., Advanced Micro Devices, Inc, BTL Group Ltd.(Blockchain Tech), BitGo, BitFury Group , Coinbase UK, Ltd. Coinsecure, Unocoin, Coinbase, Bitstamp Ltd., Zebpay,, Poloniex Inc., Bitfury Group Limited, Global Area Holding Inc., Digital Limited, IBM Corp, are the other niche players. About Us: Xpodence Research is a U.S. based Market Research Company and offers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe. We offer the comprehensive market research solution for all the industries by performing the in-depth study of industry trends, verticals globally. We believe in building an eternal bond with our customers through providing them inclusive research study both customized and syndicated based on their specific requirements. The organizations in every industry such as Technology, Pharmaceuticals, Consumable Goods, Food & Beverage and others demands a market-based solutions for various significant decisions based on productivity and output globally. 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Reasons why Altcoins are not only legitimate but actually a necessity.
Don't get me wrong, I love bitcoin as much as the next person but altcoins do have a place. With all the Altcoin/Litecoin bashing around here lately I've come to shatter some myths and present a fresh perspective. Myth #1 "Whatever an altcoin may bring can just be incorporated into bitcoin making the altcoin useless." Perhaps in a perfect world this would be true, but reality doesn't function in this way. EG: Both Litecoin and Bitcoin development teams have turned their backs on the idea of incorporating anonymity into the protocol itself. Whereas Megacoin for example have explicitly stated incorporating anonymity is one of their primary goals. Also, not all of us have the same views on what constitutes a "good feature" and a "bad feature". What if 50 percent want something implemented and the other 50 percent don't? Different altcoins can serve different niches. Myth #2 Having multiple blockchains is not efficient. requires more energy, waste of resources etc. I hear some variation of this argument a lot and it's completely bogus. That's a lot like saying "Let's force everyone to speak a single language because it's more efficient that way, oh and let me decide what language that is of course." The energy and resource cost of having Altcoins is more than justified as we shall find out. Myth #3 Altcoins don't offer any significant advantages over bitcoin therefore there's no reason to use them. Altcoins are actually a great insurance policy to keep bitcoin in check. I don't see how competition is a bad thing and anyone advocating against competition is a fool. You have put so much faith into bitcoin that you have deluded yourself from basic reasoning and logic. Let's take your ideal world of bitcoin being the only cryptocurrency. How much are credit card transaction fees? Let's say 2-3 percent at minimum. Great the miners have voted to institute a mandatory 1.5 percent transaction fee on all bitcoin transactions. There's no competition so why not, if I was a miner I would vote it in without hesitation. Now we basically have a different version of what bitcoin was supposed to replace. That's not all, you guys make it sound like updating the bitcoin protocol or implementing features is going to be so EASY and ALWAYS in your best interests. Another example, we still have the 7 transactions per second problem. I hear things like "it's an arbitrary block limit and CAN be raised." Well why the hell hasn't it already been lifted? That's because there's disagreement on how to solve this problem and they are working on it and have been for some time. If it was such a "simple" solution it would have already been done. Bitcoin transactions at an all time have hit nearly 1 transaction per second. That means after a 7x surge in adoption this WILL become a problem if it isn't fixed before then. We aren't even ready for a mass retailer such as walmart or amazon to start accepting bitcoins. At the rate bitcoin is growing this can become a problem in mere MONTHS if not sooner. Myth #4 Only one crypto currency will dominate and survive. I don't even know how anyone can draw this conclusion. We're on the brink of a 400+ billion dollar industry and there can only be one player? Please name one Industry of that magnitude where there is no competition. There can be at least a few cryptos used, in addition I can see several others used for special Niche purposes that will have a place in the market. This whole thing about "infrastructure" supporting one crypto currency or whatever nonsense doesn't apply to the digital world. Eg: paypal and the likes have incorporated and work with many different currencies. The difference between a bitcoin infrastructure and an altcoin infrastructure is a single keystroke. TLDR: Altcoins have a place to keep bitcoins in check and vice versa. Making crypto currencies even MORE decentralized. Plus uncertainty over miners acting in our best interests, uncertainty over potential unforeseen problems of having only one crypto etc. Some Alts are definitely here to stay. Get used to it and if you believe bitcoin is the only one that should dominate the truth is you're just afraid of altcoins for the same reasons that bitcoin was feared. Edit: for the record I hold some BTC/LTC and a few other alts that I believe have solid potential.
(NB: typos mine; crappy OCR software. If anyone wants to see the Eliott Wave he's discussing and I'll make it available.) Bitcoin Bubble or Bitcoin Breakthrough? How about both? by Elliott Prechter December 20, 2013 in the Elliott Wave Theorist EWT discussed Bitcoin for the first time in August 2010, when the currency traded at six cents. As far as we know, EWI was the first financial publisher to discuss it. Bitcoin was unknown to the general public and off private investors’ radar. Even the earliest adopters did not take it as seriously as they should have. The most notable example of this is the man who paid 10,000 BTC for a pizza. This pizza purchase is now famous (https://bitcointalk.org/index.php?topic=l37.0), and many continue to track its price in USD terms via the “Bitcoin Pizza Index," which recently hit an all-time high of over S12 million. Fast forward to today, and the currency is regularly featured in financial news and social media. Bitcoin Magazine has become popular, Congress is holding hearings on the currency, Germany has defined its role in finance, China is ruling on its legality, and the business world is adopting it. The most prominent business to embrace Bitcoin is Virgin Galactic, one of the many creations of billionaire Richard Branson (http://www.cnbc.com/id/101220710). EWT readers were prepared for all this. When Bitcoin was still in the shadows, the August 2012 issue said,
Presuming bitcoin succeeds as the world’s best currency-and I believe it will-it should rise many more multiples in value over the years. -EWT, August 2012
The big question on the minds of investors is not what Bitcoin has achieved, but should they buy Bitcoins now? It’s amusing that so many people ignored Bitcoin upon hearing about it in 20 1 0, but now that its price has gone up 20,000 times, they want to invest. Notwithstanding the currency’s potential, this shift in attitude is a signal saying now is not the time to buy. Let’s look at four areas of evidence: 1) Optimism is off the charts. Past issues of The Elliott Wave Financial Forecast discussed people selling their homes and borrowing money to invest in Bitcoins. That was near the peak of wave Now the desire to buy has grown even more extreme. Bloggers are calling for Bitcoin to reach S1 million. . .soon. One young investor borrowed a million dollars from his father and without his knowledge invested it in Bitcoin (https://bitcointalk.org/index.php?topic=359228.0). The other day I walked into a convenience store wearing a Bitcoin T-shirt, and the owner asked me if he should invest now. I felt like I was living in 1929. 2) Investors have recently been rushing to buy a rash of 95 (at last count; see https://bitcointalk. org/index.php?topic=l34179.0) new clones of Bitcoin that have recently emerged: Litecoin, Namecoin, Zerocoin, BBQCoin, PPcoin, PrimeCoin, NovaCoin, FeatherCoin, TerraCoin, Devcoin, Megacoin, Mincoin, DigitalCoin, Anoncoin, Worldcoin, Freicoin, IxCoin... and more. (That they are clones is obvious from the lack of imagination in naming.) This rush of clones is reminiscent of the South Sea bubble of 1720 and the dot-com mania of 1999, when shares of zero-profit, copycat companies (and even fake ones) sold like hotcakes. Virtually every week now, the Bitcoin code is forked into a new coin that investors bid up. lt’s as if buyers feel the world will run out of cryptocurrency, which in fact is infinitely and freely duplicable. 3) The Elliott wave pattern from Bitcoin’s inception shows five waves up. The December ll Short Term Update noted that a major top was potentially in place: The peak [in Bitcoin] came 10 days after U.S. officials, ranging from an assistant attorney general with the Department of Justice to Fed Chairman Ben Bernanke, “spoke approvingly of the potential of virtual currencies." So, here again, the government is getting on board at the very tail end ofa long rise. Since we posted that comment, Bitcoin has fallen an additional 40%, bringing it down nearly 60% from its all-time high. Will this prove to be just another brief, sharp correction or something larger? Take a look at the completed impulse pattern shown in Figure 3. The structure begins very near the inception of the currency three-plus years ago, when it was selling for a penny. Notice that wave @ is a triangle (see text, p.49), which typically comes in the fourth-wave position. Wave a thrust, carried to the all-time high of S 1242 on November 29. The reversal from that point should mark the start of the largest bear market to date in the currency. This forecast is in tune with the anticipated bear market in the broader stock averages, which have strongly correlated with Bitcoin’s pattern. The chart is in log scale to show the returns one would have achieved in each impulse leg of the pattern. Wave Q) achieved a stunning 3 19ox gain. Wave ® achieved 59.3% (a Fibonacci 3/5) of the gain of wave Q). Wave ® (measured from the low of wave @) achieved 39.3% (a Fibonacci 2/5) of the gain of wave (D and 66.3% (a Fibonacci 2/3) of the gain of wave Therefore, while each upward move has been large, each successive wave has been decelerating in log terms relative to past waves, in each case by a Fibonacci multiple. Also notice that Bitcoin trades more like a commodity than a stock, with its blow-off tops and extended fifih waves. Most of the gain since early 20 12 has been within (5) of ® and the final wave all of which is probable retracement territory. 4) Most people involved in this mania seem oblivious to Bitcoin’s fundamentals. In my experience, raising these issues publicly earns scorn for spreading “FUD.” But there is a good reason-now widely ignored-that Bitcoin is beta software. Our August 2010 piece explained how Bitcoin operates, but it’s worth revisiting some details to understand just how out-of-touch investor expectations are with the reality of Bitcoin technology. Specifically, let's examine the limitations of Bitcoin’s blockchain. The blockchain is the heart of Bitcoin. In its simplest form, the blockchain is a public ledger of all transactions that happen in the Bitcoin network. Each block is composed of individual records that track the ownership of each coin. The transactions “fit” together cryptographically. A block is created about once every 10 minutes by the network. Each block is then cryptographically linked to the previous blocks in the chain, forming a history of all transactions that-to Bitcoin’s credit-cannot be forged. To the extent that Bitcoin currency is real, it could be said that the blockchain is the Bitcoin currency. Yet the core problem with the blockchain is that it grows over time and must be shared by every fiill Bitcoin node. Today it is nearing 13 GB in size. Now, 13 GB doesn't sound too large, but at the current rates of exponential growth the blockchain is projected to become over a terabyte in size in just three years. What's more, the amount of accompanying data required to handle just a fraction of Visa-level traffic would overwhelm even the fastest Internet connections. This technical hurdle makes the “Bitcoin is going to a million” commentary seem premature. The hope for Bitcoin’s future lies in its open-source nature, allowing it to be improved, and Moore’s Law. Moore’s Law is colloquially used to signify the exponential increases in computer-hardware efficiency over time, including network capacity. But Moore’s law-which calls for a doubling of computer speed every two years-has hit a snag in recent years: the rate of improvement in performance has dramatically slowed, causing many experts to call for the end of the operation of Moore’s law. (For the record, Moore’s Law was never intended to refer to computer hardware performance, but the media have confused the term to the point where it is now generally used in this context. Originally, it was intended to refer to the increase in the number of transistors that are packed into microchips.) The past four years have been an exciting ride for Bitcoin. But the evidence says the Bitcoin bull market is done for now. It would be best to put Bitcoin out of your mind for the duration of the deflationary wave that is curling toward the financial world. Due to the psychology surrounding Bitcoin, as well as its correlation with the stock indices, it is too risky to buy now. Due to its open-source nature, however, Bitcoin’s infrastructure should continue to improve over the years. For the long run, I agree with Roger Ver, the CEO of memory dealers and one of Bitcoin’s earliest adopters, who recently said, “It is just getting started." But one could have said that about the U.S. stock market in 1966. It would have been visionary only if you were patient and willing to hold through a very deep valley. Our position is that Bitcoin will never again sell for 6 cents, as it did when EWT first wrote it up. But there will be another time to buy it for relative peanuts alongside stocks, real-estate, gold and silver. When the time comes, no one will be interested. Elliott Prechter's primary task at EWI is working on EWA VES, our in-house artificial intelligence softwarefor analyzing Elliott waves.
Coin Post — media about cryptocurrencies and blockchain. News of cryptocurrencies, bitcoin, mining. Bitcoin; Blockchain; Ethereum; Cryptocurrency; Mining; Trading; Telegram TON; Finance; Recent Publications. What is Diversification and Why is It Needed . What is diversification of investments, portfolio, economy, risks, business, production. What are the types of diversification in 2020. 2 ... Blockchain.com is the most popular place to securely buy, store, and trade Bitcoin, Ethereum, and other top cryptocurrencies. Wallet; Exchange; Explorer; Log In Sign Up. The World's Most Popular Way to Buy, Hold, and Use Crypto. Trusted by 51M Wallets - with Over $620 Billion in Transactions - Since 2013 . Get Started. The Easiest and Most Powerful Crypto Wallet. Create A Wallet Learn More ... Megacoin is a peer-to-peer decentralized currency that is open source, anonymous, irreversible and free of any transaction charges. See Also on BitcoinWiki [ edit ] Bitcoin Bitcoin, Litecoin, Namecoin, Dogecoin, Peercoin, Ethereum - price, reward, difficulty, hashrate, market capitalization, block time, blocks count MediterraneanCoin ist kryptografisch sicherer und resistenter als Bitcoin und Litecoin, um Blockchain-Attacken und Formbarkeitsprobleme dank seines neuen, kryptografisch stärkeren Proof of Work-Algorithmus, der als hybridscrypthash256 bekannt ist, zu blockieren. Megacoin: Megacoin ist eine dezentralisierte Peer-to-Peer-Währung. Es ist Open ...
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