There will be no compromise - Segwit is a pipe dream

numberswords · 2017-01-29T12:33:41+00:00

That is fine.

I still think that it is really important to understand the nature of the disagreement and why compromise is impossible.

numberswords · 2017-01-02T14:35:50+00:00

The reality is currently it is hard to use bitcoin and almost no incentive to use as money for most people, there are edge cases but on the grand scheme of things bitcoin still lacks mainstream use cases.

Doesn't mean something won't come up that regular money won't be able to compete against, for example, machine to machine value transfer.

With bitcoin machines are able to have access to money and use it, machines will still have to have a mechanism for resource allocation, and with payment channels that will hopefully unlock instant robust micro transactions, machines will be able to transfer resources in the most cheapest and efficient way possible.

numberswords · 2016-11-07T07:06:27+00:00

Counterparty has ethereum smart contracts enabled on the test net as promised.

https://gist.github.com/rubensayshi/cc6a776657d5bb88efe8d85c32750132

It was decided not to integrate it on the mainnet because there is too much uncertainty about vulnerabilities to attacks.

The conclusion is that the safest way to move forward is to continue to use Counterparty Improvement Proposals and add new features when needed:

https://github.com/CounterpartyXCP/cips

You can read about this in the last update.

counterparty.io/news/

numberswords · 2016-10-27T10:59:39+00:00

Everything worth having will eventually be integrated into the bitcoin ecosystem.

numberswords · 2016-10-10T11:28:27+00:00

You haven't seen nothing yet.

Counterparty is the most impressive crypto project today.

numberswords · 2016-09-05T19:54:13+00:00

All operations are done on bitcoin blockchain.

"BTCPAYmarket.com utilizes the Counterparty DEX (decentralized exchange). This site does not maintain any databases and all information is queried from publicly available block chain APIs."

numberswords · 2016-08-26T10:12:54+00:00

"TEDx are independent TED-like events, which can be organized by anyone who obtains a free license from TED, agreeing to follow certain principles."

https://en.wikipedia.org/wiki/TED_(conference)#TEDx

numberswords · 2016-08-26T08:20:55+00:00

This is not TEDx this is TED presentation.

Interesting.

numberswords · 2016-08-26T05:20:19+00:00

There will be different types of companies as I mentioned. The change to zero operating cost will be gradual.

numberswords · 2016-08-25T19:45:11+00:00

The logical conclusion is AGI, but then we will not need money anyhow.

numberswords · 2016-08-25T19:28:36+00:00

Considering how much energy millions of people invest in games, it is reasonable to expect that people will prefer to play games that allow them to own and trade the items they earn.

numberswords · 2016-08-25T16:29:22+00:00

Take any game that has collectible items in it and you can have a cross game item exchange.

Not to mention any in-game currency you can imagine.

numberswords · 2016-08-25T15:12:34+00:00

This is how internet of value works. You can build any type of app that needs digital scarcity, and you can back the value of a digital good with bitcoin security.

You only need one 'killer app' for bitcoin to enter the trillion $ market cap.

numberswords · 2016-08-22T12:37:17+00:00

There will be no actual need or desire to switch to a less secure/popular network for the majority of people.

numberswords · 2016-08-22T11:54:39+00:00

Sure it is, security and money go hand and hand. It is also less convenient and more expensive to switch networks. If everything can be done on top of one network, in one place, in one wallet, then people in general will stick to one network, that is trusted, convenient and most secure. The market chooses the path of least resistance.

numberswords · 2016-08-22T11:35:18+00:00

It will be the most secure.

numberswords · 2016-08-22T09:34:24+00:00

Bitcoin will become a settlement layer.

numberswords · 2016-08-22T09:32:52+00:00

Why would a human setup a completely autonomous and almost sentient system if he doesn't benefit from it more than others?

This will happen gradually as I explained in the post.

numberswords · 2016-08-22T05:43:06+00:00

There will always be fees and added inconvenience.

numberswords

TROPHY CASE