Skip to main content

The Largest Reason Bitcoin Will Never Take Off




If you've read some or any of my posts, you know that I like bitcoin and cryptocurrencies for what they are capable of and the concepts behind them. I'd love to see them dominate trades in the real world and squeeze out country regulated money, but as I say this I'm reluctant to think that will actually happen.

Bitcoin has some of the greatest people I've met, but also a large amount of scum and scammers. If we want the currency( or currencies) to go anywhere, and truly become the first universal, multi-nation currency, how can our base-line of users be garbage. In the bitcoin community I rarely trust any one company or person (with the exception of Bitmain and GAW perhaps). The community that runs these scams and ponzi's and what not, are in my opinion, shattering the strength of the community as well as the want for any new comers to join the community. I believe that this technology is in a playground phase, we're aware of it's potential but we're still innovating on it to help it become what we all imagine.

In order to have a currency that people trust, we need to create that trust worthy community to adopt new members. Without it, Bitcoin will be another blip in the technology timeline.

Comments

Popular posts from this blog

Setting up a self maintaining miner (Windows GPU CPU miner)

Problem I run a 125MH/s ETH GPU mining rig but I was having issues where it would restart intermittently and when it would come back online it would obviously stop mining and i would lose mining time because of it. Solution Automatic restart  Run your miner automatically on startup This is actually a very simple way to keep your miner in check so you don't encounter much or any down time. As an added bonus, it's very simple to set up. Automatic restart Search for "task scheduler" in your windows search bar and open it. Now select "Create Task..." from the right side panel. Give your task a name and check the "run with highest privileges" checkbox Go to the "Triggers" tab and click the "New..." button. Here you should select "Daily" and select a date and time you would like this task to be run. Once you're done with your selection, click "OK" Go to the "Ac...

BTC-Flow

Today I'll be giving a bit of a look into BTC-Flow . It's a game based bitcoin faucet that has me pretty into it. No more of the jumping from site to site clicking your way through pop ups and other fun activities. The concept of the game is that you run a  company. At first, your company mines bitcoin and has a earning rate of 0.0000015 BTC/Min and your max capacity is 0.000012 BTC. Your part in running this company is getting the bitcoin from your company either before or after your max capacity is hit. You then need to click once your bitcoin capacity is reached to put that balance into your main bank. From here you basically repeat this as much as you'd like. If you really enjoy this, you can "level" your business with bitcoin to increase capacity and earning/min at any point. If you like faucets, you need to check this out . BTC-Flow.com

StorjShare - Get paid for your unused storage

What is it? StorjShare is decentralized cloud storage. Think of Dropbox, they are a company that provides cloud storage where the data is stored on their hardware (inside of data centers in server rooms). StorjShare differs from their service a fair bit. Instead of having a server room, or data center where all the data is stored locally, StojShare stores data to any storage device that is connected to it's network. This kind of distribution of storage is also very optimal for transfer speed because you could be saving your data on a computer in your neighborhood which is certainly much faster than relying on a server possibly on the other side of the country, or possibly further. Now you might be thinking "Well, i don't want my neighbors to have my photos of family.", worry not, one of the most interesting concepts in this protocol is the encryption of your stored files. When you save a file to the network, the file is actually saved in "shards...