Is Crypto conventional?

General discussion about the Bitcoin

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Tue Aug 20, 2019 6:05 pm

I have been taken a “crypto-agnostic” approach when building the system and have worked actively with regulators.
The thing is that the Crypto is conventional or not.
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Tue Aug 20, 2019 6:22 pm

:D :D :D :D :D
In 2018, Hayner also developed a proof of processed payment as a means of distributing MTL tokens native to the platform. The proof reaches consensus and validates transactions conducted on Metal Pay.
He said:
“Bitcoin is flawed, but only in the way the Ford Model T was flawed, the concept of a car will live on and constantly be improved upon, hopefully it builds upon the existing model and there is always room for Ford, Toyota, Mazda, BMW, Tesla even!”
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Tue Aug 20, 2019 6:26 pm

Really good topic!!!
What i have to say is that the Crypto is Mostly Conventioal.
There are many potential use cases, such as making it easier to implement such complex scripts in wallet, as Eric Lombrozo tweeted. Or, as bitcoin educator Jimmy Song described, it could even be used for underpinning the lightning network.
Regards. ;)
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Tue Aug 20, 2019 6:30 pm

Thinking about it in the wider context of blockchain languages, I would comment that the smart contract language differs from ethereum’s Solidity language, because while ethereum makes it possible to write many more types of smart contracts, Miniscript actually reduces the possibilities.
This is better because it reduces the “complexity” and “attack surface.”
Actually pretty good staff.
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Tue Aug 20, 2019 6:34 pm

“The tokens are not investments and are not securities. They do not represent an ownership interest in Veritaseum or its assets; do not give holders any right to share in the company’s profits; do not confer voting rights; and do not pay dividends or interest. Numerous token holders have used their tokens to avail themselves of the Veritaseum’s unique products and services, which the company has continually expanded and improved.”
This is why i have to post this.
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Tue Aug 20, 2019 6:37 pm

In the short-term, however, there is a strong probability that BTC will fall back below $10,000, as the recovery from recent lows has taken the shape of a bearish reversal pattern.
:cry: :cry: :cry: :cry:
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Tue Aug 20, 2019 7:58 pm

In What Do We Trust?
Fiat is a term used to describe the conventional currencies that are issued by governments. Fiat currencies have value because governments say that they do. To an increasing number of people, that promise means nothing. After all, fiat currencies are not backed by any tangible assets. You can’t return the currency to the government in exchange for a bar of gold or silver, a can of beans, a pack of cigarettes, or any other items that might have value to you. Fiat currencies are backed by the full faith and credit of the government that issued them and nothing more. If you want gold, silver, beans, or smokes you need to exchange your fiat currency with a person or entity that possesses the item that you want.
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Tue Aug 20, 2019 8:25 pm

This is a great idea in the whole world.
If i say this is the best currency...
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Tue Aug 20, 2019 9:00 pm

What? You may be saying — How does this make sense? Where does the value come from? The short answer to this is from the wider community of the particular cryptocurrency. By backing the value of the currency and agreeing to use it as money, they give it value. (Hey, there’s been nothing concrete backing many traditional currencies since being taken off the gold standard!).
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Tue Aug 20, 2019 9:22 pm

While senders of traditional electronic payments are usually identified (for verification purposes, and to comply with anti-money laundering and other legislation), users of bitcoin in theory operate in semi-anonymity. Since there is no central “validator,” users do not need to identify themselves when sending bitcoin to another user. When a transaction request is submitted, the protocol checks all previous transactions to confirm that the sender has the necessary bitcoin as well as the authority to send them. The system does not need to know his or her identity.
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