World Views and moving forward

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Re: World Views and moving forward

Post by Amigoo » Sat Dec 16, 2017 5:33 pm

:roll About tasty bitcoin hash ...

Re: https://blockgeeks.com/guides/what-is-hashing/

"Each block contains thousands and thousands of transactions. It will be very time inefficient to store all the data inside each block as a series. Doing so will make finding any particular transaction extremely cumbersome and time-consuming. If you use a Merkle tree, however, you will greatly cut down the time required to find out whether a particular transaction belongs in that block or not."

:idea: Now methinks ...

Since each block contains transactions in series (with faster in-block searching facilitated by Merkle tree structure), but many blocks in the primary blockchain must still be searched to find the desired transactions*, a separate Merkle tree blockchain should be created to complement the primary blockchain. This Greater Index Merkle (GIM) would be searched to get the pointer for a block in the primary blockchain; the GIM would be recreated periodically** using the primary blockchain as input. 8)

* consider an early bitcoin purchased then held until years later.
** blocks not yet indexed by the GIM would be searched before the GIM is accessed.

This might be called MMT - Merkle Mass Transit for bitcoins. ;)
... but what the hash do I know :?: :!:

:idea: A GIM, rather than one huge Merkle tree file, would be much smaller
and permit faster processing (blocksizes are limited by technology).

Rod ... :bike: ... (still cruisin' with personal MT)

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Re: World Views and moving forward

Post by Amigoo » Sat Dec 16, 2017 6:37 pm

Re: http://www.dailymail.co.uk/news/article ... -scam.html

"In the tulip bubble the beginning of the end was when they started trading futures on tulips,
that was another move up and then all of a sudden it collapses and it's over."

:idea: Since bitcoin futures start trading soon, "the writing is on the wall" ... perhaps.
However, blockchain technology will remain and keep improving (IMO) ...
and will be used for other data as well as financial transactions. ;)

:scratch: How to prepare for the anticipated collapse of the bubble? (IMO)
Sell soon to recover capital plus non-greed profit, then let
remaining bitcoins enjoy the ride as long as you dare. ;)

Rod

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Re: World Views and moving forward

Post by Amigoo » Sun Dec 17, 2017 10:46 am

Re: https://www.naturalnews.com/2017-12-10- ... rency.html

OMG! :shock: Bitcoins "here today - gone tomorrow", and inspiring
creation of another new bitcoin: BitQuick (Bitcoin Quicksand) :lol:

Analysis: Learn about the technology but know your egg baskets well. ;)

Rod :meds:

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Re: World Views and moving forward

Post by Amigoo » Sun Dec 17, 2017 11:33 am

Re: https://www.naturalnews.com/2017-12-10- ... rency.html
My comment several days ago seems to align with the "normalization" conjecture in this article:

:roll: Downside (IMO): the keys are worthless if the bitcoins somehow disappear (or are stolen, etc.). "Smoke and mirrors" comes to mind ... since it may be easy to "disappear" digital numbers ... when the time is right. In contrast, physical investments in your possession (gold, silver, land, artwork, - even physical currency) cannot disappear as easily as this digital stuff. ;)

:idea: Analogy: You receive the key to an RV that you purchased as an investment. You may sell the RV, but the RV always stays on other property ... and might not be there when you decide to sell it some day. Not to worry - your unique key proves that you own an RV ... wherever it is. :roll:

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Sun Dec 17, 2017 1:02 pm

About the RV "bitcoin" ...

:lol: LOL1: Now for the reality of bitcoins ...
The RV is just a digital picture, having value according to rarity and popularity
... but you still get a key to the picture! :roll:

:lol: LOL2: "What's in your wallet?" (current advertising for a credit card,
now applicable to bitcoin wallets). ;)

:lol: LOL3: The bitcoin key is a digital picture. :duh

... now get the picture? :hithere

Rod ... :bike: ...

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Re: World Views and moving forward

Post by Amigoo » Tue Dec 19, 2017 8:17 pm

Re: http://investmentwatchblog.com/the-hott ... indblower/

"The only thing buyers in this ICO got was the hope that the price of the token, given the current cryptocurrency mania, would surge by thousands of percent in the shortest time span – on the principle that the less people get, the more they’re willing to pay for it, and if they got nothing at all, they’d be willing to pay the most." :roll:

:bana: On a positive note ...
The bitcoin mania will have at least two benefits: :roll

- Teach new investors about evaluating risk and how to invest relative to that risk.

- Concentrate money from the world's economies into the hands of fewer people*
(investment manias never end well for most of the investors; and like a lottery
sometimes called "pyramid scheme", we only hear about the winners ...
never about the greater majority of losers). ;)

* "benefit" if the owners are benevolent when using their funds. :finger:

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Thu Dec 21, 2017 6:46 am

:roll: Bitcoin hsyterics (humor - not mania) ...

Despite warnings that you can lose bitcoins via private key misplacement (aka "loss"),
those same bitcoins always remain in the blockchain ... but can no longer be located.

The humor: bitcoins are never lost - just cannot be found! :lol:
(technology might recover them some day for new ownership)

:idea: BTW (not a bitcoin ticker symbol):
Owner/operators of bitcoin xchanges plan for gradual loss of bitcoins (various reasons),
but this planning highlights an investment issue: supply of a fixed asset decreases ;)
... relative to that bitcoin's mining progress.

Rod :duh

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 22, 2017 11:06 am

:roll: About bitcoin hsyterics ...

These recent weeks of bitcoin research keep inspiring
"There's something wrong with this picture!" A blockchain
is a growing list of transactions, starting from Day 1
... and continuing after all bitcoins are mined
(buying/selling still occur). ;)

Until recent years, currency serial number was unimportant -
just its tradeable value at the time of the transaction.
Admittedly, for bitcoin investment (aka "speculation"),
a blockchain audit trail seems important since bitcoin
is the product bought and sold :!:

Customer transaction audit trails for fixed periods
have been financial protocol for centuries ... but not
audit trails of the currency used (the serial numbers).
These massive blockchains - by design - seem intended
to provide greater value to "the system" - not customer.

:lol: Amazon.com's (for example) customer audit trail
of one's purchases can be useful, but I find it stressful
to finally see "where all the money went" for the year!
"Was the purchase really necessary? Or at that price?"

I'll keep researching, but the trend seems certain:
blockchain technology is a dysfunctional marriage
of currency value and currency serial number*.
On the other hand, it provides value for "the system"
that would like to know how we spend our money
... every day ... from birth to death. :roll:

* actually, currency serial number is that which
is being tracked - value is passed in the payment
records for real products and services since value
is determined at the time of the transaction.

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 22, 2017 11:56 am

Re: http://investmentwatchblog.com/big-bank ... lockchain/

"In other words, in the mother of all ironies, a technology that has so far been geared at guaranteeing anonymity in transactions,
or at least has been marketed on that basis, could soon be used by banks to keep much closer track of, and share data on identities,
money flows, transactions, and spending habits." ;) ;)

"Ironic" only if anonymity guarantee was the actual plan - fast-moving events suggest otherwise (IMO). :o

:shock: Undoubtedly, the "mark of the beast" era is now arriving!
Pick a number, any number ... they're all good! and trackable. :roll:

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Sat Dec 23, 2017 5:33 pm

Re: http://investmentwatchblog.com/three-cr ... urrencies/

"But when it comes to crypto assets, make no mistake ... the responsibility is well and truly yours." :!:

However, full cryptocurrency protection is difficult to achieve ... :duh
since owners can only protect private keys to coins that are stored online in a blockchain
... which means that anyone with only knowledge of the key(s) can take the coins. :shock:

:lol: A crypto hardware wallet, encased in cement and dropped into a secret part of the ocean,
offers no protection if the keys encased therein are known to a thief. :roll:

Today's best guess about protection:
distribute investment across multiple cryptocurrencies and use multiple wallets
... for "fewer eggs in one basket" protection. ;)

Or maybe crypto insurance will become a crypto add-on product. :roll:
(keep evidence that you're the true owner of the stolen keys)

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Sun Dec 24, 2017 9:39 pm

Re: https://news.bitcoin.com/a-guide-to-wha ... ey-happen/

:idea: It doesn't take much extrapolation to realize that, going forward technologically,
there will be no limit to the number of bitcoin hard and soft forks that can occur,
forks that reflect changes to network rules for processing a bitcoin blockchain.

Suddenly, physical currency seems less manipulated and less vulnerable. :roll:

... but a neighborhood octogenarian widow once advised my 30-ish soul:
"The only good thing is somethin' to eat." ... which now translates to:
"Eat well today, for tomorrow you may get forked." ;)

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Wed Dec 27, 2017 10:57 pm

Re: http://investmentwatchblog.com/us-banks ... urrencies/

"It appears that the crackdown on cryptocurrencies such as Bitcoin has begun,
with US banks closing down accounts of anybody caught using them."

:scratch: Who can tell if this is the beginning of a "crackdown" ...
but news to keep in mind if not using cash to buy bitcoins. ;)

Rod

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Re: World Views and moving forward

Post by Amigoo » Thu Dec 28, 2017 7:37 pm

:roll: About those GNU gifts (Gently Not Used) ...

With such "doom & gloom" being forecast in financial circles,
especially because of massive worldwide debt, gifting in 2018
may soon permit the sharing of GNU (pronounced "new") gifts.
These are those items, whether "regifting" or never used,
that will be socially acceptable in the new year. :finger:

Who can tell :!: :?: GNU greeting cards (really new) and gift wrap
might be created to help many survive financial stress in 2018.

Rod :D

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Re: World Views and moving forward

Post by Amigoo » Fri Dec 29, 2017 2:45 am

Re: http://www.cnn.com/2017/12/27/health/vi ... index.html

"Hartl said that 'use of the internet, computers, smartphones and other electronic devices has dramatically increased over recent decades,' and while there are clear benefits, 'health problems as a result of excessive use have also been documented.'" :!:

"In the beta draft of its forthcoming 11th International Classification of Diseases, the World Health Organization includes 'gaming disorder' in its list of mental health conditions. The WHO defines the disorder as a 'persistent or recurrent' behavior pattern of 'sufficient severity to result in significant impairment in personal, family, social, educational, occupational or other important areas of functioning.'" :(

:cheers: Entrepreneur Alert: A new version of FitBits* might help explain your DICS' ED
(Daily Internet, Computers, Smartphones and other Electronic Dysfunction).

* https://www.fitbit.com/home

Rod :D

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Re: World Views and moving forward

Post by Amigoo » Wed Jan 03, 2018 2:17 pm

Re: http://investmentwatchblog.com/the-cent ... -doing-it/

Note the comments about bitcoins (central banks may be buying cryptocurrencies,
thus forcing the prices higher for a later controlled collapse of the crypto market). :shock:

:idea: Bottom line (IMO): "Buy low! - Sell high!"
before others sell their digital Monopoly Money. ;)

Rod :rambo:

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Re: World Views and moving forward

Post by Amigoo » Sun Jan 14, 2018 12:06 am

Re: http://strategiccoin.com/the-thousand-y ... urrency-2/

"Although bitcoin and ethereum dominate the ecosystem right now, it’s entirely possible that
they will be disrupted by other cryptocurrencies in the future. This may not happen for years
— or decades — but the fact remains that it could happen." :shock:

Obvious "bottom line" of this newest bitcoin technology:
Bitcoin technology will keep improving - blockchains may come and go
... as will investments therein. :(

:hithere Bottom line of the bottom line:
Bitcoins are still volatile trading devices* ("buy low - sell high")
more than widely used digital money. :o

* sometimes "Pyramid Of Occasional Popularity" schemes. :roll:

Rod :rambo:

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