Can there be Bitcoin-like network that also works as whatever@home? [duplicate]


Assume for a second that we found a proof of work algorithm that had all of the good properties of sha256, but was also useful for SETI and maintaining world peace.

Now suppose a group of miners collectively have more than 51% of the hashing power. In which of the following scenarios are they more likely to collude to double spend via a 51% attack:

A) When the proof of work algorithm is something like sha256 and is only useful for securing the bitcoin network

B) When the proof of work algorithm helps find aliens and maintain world peace in addition to securing the bitcoin network.

In Scenario B, if BTC lost all of its value due to a 51% attack/double spend, miners' hardware would still be valuable because although it couldn't mine bitcoin, it could still find aliens and maintain world peace.

In Scenario A, if BTC were to lose its value, miners' hardware would go down with it, due to said hardware's uselessness for anything other than mining...

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Until Bitcoin becomes the dominant currency for payments around the world, it will be more popular among traders and price speculators. As a result, the price is subject to the market forces of supply and demand which, at this point in time, goes hand in hand with the trends and whims of speculators – as a result, the price can move suddenly and sharply up or down in response to news events.

As a rule of thumb: if a piece of news makes Bitcoin more likely to be widely adopted, the price rises. If it places extra hurdles towards mass adoption, the price will fall.

You can track all the latest Bitcoin price movements in real time with’s data charts, and convert the price to your local currency with our instant Price Converter.

These events may be based on issues affecting the Bitcoin world only – such as a large scale hack affecting a key Bitcoin exchange, wallet or essential software which causes the price to dip. This happened after the Mt. Gox...

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Bitcoin has nearly turned into a commonly recognized name with perpetually expanding scope in the media, and reasonable for say its reputation keeps on expanding.

So what's all the complain about? Bitcoin showed up around 2009 as another type of computerized cash and was create from the off as open-source by a sharp chap called Satoshi Nakamoto. We are told his actual distinguish is 'covered in riddle' like he's some sort of Marvel superhero, I speculate this just means he's a super geek, yet doubtlessly, he's unquestionably a pioneer.

So what's everything about?

Bitcoin is a type of money the same as whatever other, be that as it may it is not under the control of any administration or budgetary organization. The preface is for it to be possessed and overseen by its own particular group. Bitcoin is de-brought together and overseen by distributed individuals who all share in new exchange action and store past action in what are known as 'square...

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They're a bit like money ... and they're a bit like a financial bubble. They're bitcoins, and they are suddenly ubiquitous, showing us a little glimpse of what the future of money might be like.

Bitcoins are generally defined as a type of virtual currency, brought to life by the Internet, very powerful computers and the willingness of lot of people looking to embrace new forms of monetary exchange.

Bitcoins share many similarities with other currencies, but the most important one is that more and more merchants, retailers and individuals, both online and offline, accept bitcoins as payment. You can buy pizza with bitcoins, subscribe to an online dating service, or even shop at your favorite superstore.

Yet bitcoins are also very different from traditional currencies. Unlike dollars or pounds, bitcoins aren't backed by any government. They're a completely decentralized form of money. Bitcoins aren't linked to any sort of central banking system or issuing...

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How does BitClub Mining Pool Work?

If you are not familiar with Bitcoin mining here is a very basic overview… Every 10 minutes a new block of 25 Bitcoin is found by someone in the network who is hashing. In order to find a block, you must attempt to solve a simple math problem using a cryptographic hashing function. To see an example of this go to our Pool Website and under Pool Stats you will see a column showing Total Shares in the Round. This is showing how many times we have attempted to solve the math problem since the last Block that we solved.

You will also see the column right above showing Current Block Difficulty. This difficulty is the entire network difficulty which is basically showing how many times on average it would take to guess the correct answer and be awarded the block of 25 Bitcoin. The more hashing power you have the higher the probability is to guess the correct answer and solve the problem. When the total shares in the round are equal to...

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Bitcoin may be the next big thing in finance, but it can be difficult for most people to understand how it works. There is a whole lot of maths and numbers involved, things which normally make a lot of people run in fear. What is Bitcoin mining? Well, it’s one of the most complex parts of Bitcoin, but it is also the most critical to its success.

As you know, Bitcoin is a digital currency. Currencies need checks and balances, validation and verification. Normally central governments and banks are the ones who perform these tasks, making their currencies difficult to forge while also keeping track of them.

The big difference with Bitcoin is that it is decentralized. If there is no central government regulating it, then how do we know that the transactions are accurate?

How do we know that person A has sent 1 bitcoin to person B?

How do we stop person A from also sending that bitcoin to person C?

The answer is mining.

What is Bitcoin...

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What types of Jobs are available?

You can earn Bitcoins by completing different type of Jobs given below.

Completing Short Surveys:

We have several websites in Member area, conducting short surveys. It will take 1 to 2 minutes to fill these surveys. You can fill as many short surveys as you want. Depending on the number of surveys you complete you can receive Bitcoins.

Completing Free Offers:

We have several websites in Member area that run competitions, freebies etc. By completing these offers, you can receive free Bitcoins. There is no limit to completing the number of offers.

Watching Short Videos:

We have several websites in Member area looking to get spread their promotional videos to the world, so you can get Bitcoins by watching those videos. You can watch as many videos as you like and earn Bitcoins.

Visiting Different Websites:

We have several websites in Member area advertising to...

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We hope, that you’re informed on the current Bitcoin issues. Transaction fee is extremely high. Nowadays, the network only facilitates 3 transaction per second instead of required 3000-10000 and there is still no single solution on up-scaling the network. If you take into account officially suggested options and censorship on major informational resources - it’s clear, that Bitcoin is being divided among some huge organizations, which act exclusively in their own financial interests.

The absence of decentralization leads to an uncertainty in terms of network security.

What are the differences between “Altcoin” and “Forkcoin”?

“Altcoins” are not duplicating balances of bitcoin users. On the other hand, “forkcoins” are duplicating balances, and in order to access your early coin accumulation, you need to use same private keys, which were used before the “fork” release. Significant difference is focused on the ability of including...

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Bitcoin ad networks are great to advertise Bitcoin businesses that want to reach out to the Bitcoin community and for publishers to make money from their Bitcoin-based websites. Bitcoin and cryptocurrency is still a very niche area of technology and finance, and as such, if you want to run a business in this field, it might be hard to reach the targeted audience. Luckily, there are some good Bitcoin ad networks out there that can help you reach the Bitcoin and cryptocurrency communities. These are also good for publishers who run websites in the Bitcoin niche, and have a decent sized audience.

Anonymous Ads

This is one of the oldest ad networks specifically in the Bitcoin space. The project started in Bitcointalk forums back in 2011, and is still going pretty strong. Anonymous Ads is also one of the only good Pay-Per-Impression (CPM) Bitcoin ad networks out there. This is very good for both companies and publishers. It allows fair amount of targeting based on...

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? gladiabit optin video - don.mp4

— Bitglad (@mobilemarkett) May 9, 2017

^ It is deceptive to Assume that there's an analogy amongst gold mining and bitcoin mining. The reality is that gold miners are rewarded for making gold, even though bitcoin miners are certainly not rewarded for manufacturing bitcoins; they are rewarded for their file-maintaining expert services.[36]

Numerous potential attacks to the bitcoin community and its use being a payment system, real or theoretical, are thought of. The bitcoin protocol consists of a number of options that protect it versus several of those assaults, such as unauthorized spending, double paying out, forging bitcoins, and tampering with the blockchain.

The retailer, which has been in organization since 1946, is permitting its clients to pay for using bitcoin equally in-shop and online.

Louis, mentioned, "Is bitcoin a bubble? Indeed, if bubble is defined to be a liquidity high...

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Or… why is it so hard to come up with a simple, yet accurate, explanation of Bitcoin and its importance?

I am a firm believer in the following rule-of-thumb:

“If you can’t explain something clearly, it means you don’t understand it.”

Put more positively, we could perhaps say:

“Only when you understand something deeply can you make it sound simple”.

Many of my colleagues will recall situations where I have been almost fanatical in driving for intense clarity of expression. And so it concerns me deeply that there is no good, simple, accurate and comprehensive explanation of Bitcoin that helps people understand what makes it so unique.

Here’s what I mean: I want a description that doesn’t lead the listener to say:

“So how is that different to my electronic bank account?” “So how is that different to airline miles?” “So how is that different to m-pesa?” “So how is that different to Mondex?” “So how is that different to Ripple?” … and so...
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Adalso is not only bitcoin CPC advertising network. It has bidding system also! Adalso works using a pay-per-day system, but not just a normal one. People can bid against each other to get the highest impression time. You can also allow/disallow pay-per-click system on your site to be like other advertising networks. When you have no bidders or active ads on your site, we will display Network Pool Ads as possible, to keep your site earning up almost all the time!

Bid System

Pickup any site, and Bid your ad for the shares of the time. You will pay-per-day while ad is appearing on picked site.


You can place your ad easily on All our publishers, You can pay-per-click on your ad, or pay-per-impression.

Pool System

We have pool shares from all our publishers. Bid your ad to take some of our network pool shares.

Popup Traffic

Adalso has Popup advertising to get real and unique traffic from our...

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Something I haven’t been precise about above is what exactly is currently being signed because of the electronic signature in line 11. The apparent factor to carry out is with the payer to indication The full transaction (other than the transaction hash, which, naturally, must be created afterwards). At this time, this isn't

Lines seven through eleven outline the enter for the transaction. Specifically, lines eight by ten notify us that the enter is to be taken from the output from an previously transaction, With all the provided hash, which is expressed in hexadecimal as 2007ae.... The n=0 tells us it’s to be the very first output from that transaction; we’ll see before long how many outputs (and inputs) from the transaction work, so don’t fret excessive concerning this for now.

There was a time On this nation once you can Visit the financial institution and trade inside your twenty greenback Invoice for an oz of gold. It is possible to’t do that any longer, b/c...

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Editor’s note: this post originally published on the author’s website in three pieces: “The Blockchain is the New Database, Get Ready to Rewrite Everything,” “Blockchain Apps: Moving from the Jungle to the Zoo,” and “It’s Too Early to Judge Network Effects in Bitcoin and the Blockchain.” He has revised and adapted those pieces for this post.

There is no doubt that we are moving from a single cryptocurrency focus (bitcoin) to a variety of cryptocurrency-based applications built on top of the blockchain.

This article examines the impact of the blockchain on developers, the segmentation of blockchain applications, and the network effects factors affecting bitcoin and blockchains.

The blockchain is the new database — get ready to rewrite everything

The technology concept behind the blockchain is similar to that of a database, except that the way you interact with that database is different.

For developers, the blockchain concept represents a...

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Ever since the dawn of currency, currency was controlled by a central entity. This central entity could decide to do whatever it wanted with its currency. It could weaken it, strengthen it, take it away from you, anything. The money was only valuable because this central entity said it was. The sad part is, we're still using this form of currency today - in the form of your dollars, euros, yen, or anything of that sort.

In 2008 a man calling himself Satoshi Nakamoto decided he wanted to fix all this, and created the original cryptocurrency - Bitcoin. Bitcoin was a great and innovative idea, and it created the idea of the blockchain. The blockchain is a public ledger of every transaction that ever occurred, and as such could be verified by anyone.

Now it's 2016, and there are hundreds of other cryptocurrencies out there, so I'm going to explain to you the pros and cons of the larger ones, and why XEM is...

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