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I’ve personally sent out 3 transactions with fees around 3c and each has been confirmed in what I considered a reasonable amount of time considering the low fee: 33mins for the 1st one and 3.5hrs for 2nd and 3rd
I am totally with you. It has been great! I was so used to it that I sent an important transaction with a “high” fee. It stinks because, as you know, sometimes manufacturers are about timing. The low fees are great.
I think I sent at a bad time because there were 2,000-ish unconfirmed … then, 13,000 shortly thereafter.
So what I’m saying is yep something needs to be done soon, but nope neither of the options seem like a good long term solution at the moment.
I agree. I don’t think it’s perfect.
Meanwhile, on the subject of voting, our top miners are clearly bringing in more hash rate and more soon, we’ll see when it happens When we get to a few % of the network I’ll then be discussing with them (and anyone else who points multiple PHs of hardware at the pool long term) about that voting.
Cool to know. I’m sure people will be happy to hear about planning. I only threw less than 30 TH, so you won’t be missing much. I just hope I don’t find my first block, now.
I hope I’m still welcome in this forum. I feel terrible. I simply followed a mantra of 1 hash = 1 vote.
On some of your comments in the past about being a small pool … my impression is that the pool and this thread have a larger weight than measured by hashrate. I think discussions echo out. Signaling would be more significant than you expect, imo, and it’s an important decision to make. Let’s just keep finding blocks and growing bitcoin!
:cheers:
Legendary Online
Activity: 2044
Linux since 1997 RedHat 4
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Meanwhile, on the subject of voting, our top miners are clearly bringing in more hash rate and more soon, we’ll see when it happens When we get to a few % of the network I’ll then be discussing with them (and anyone else who points multiple PHs of hardware at the pool long term) about that voting.
Cool to know. I’m sure people will be happy to hear about planning. I only threw less than 30 TH, so you won’t be missing much. I just hope I don’t find my first block, now.
I hope I’m still welcome in this forum. I feel terrible. I simply followed a mantra of 1 hash = 1 vote.
On some of your comments in the past about being a small pool … my impression is that the pool and this thread have a larger weight than measured by hashrate. I think discussions echo out. Signaling would be more significant than you expect, imo, and it’s an important decision to make. Let’s just keep finding blocks and growing bitcoin!
:cheers:
Well I guess to expand on that point, I have made it clear, I think, why the pool isn’t voting at the moment.
When I make the PH comment, I don’t mean that power sways my decision, I simply mean that I’m open to ‘discussions’ about what to vote if they can convince me otherwise on technical or philosophical grounds. But it’s based on the fact also that even with the pool at 30PHs we really don’t have a say in what happens since we certainly can’t directly affect the vote outcome. ‘When’ we get a lot bigger, then we will have a direct say in it
However, as I’ve already said, if the network takes the required swing to accept an option, then those left over should also take that option. By ‘required swing’ of course I mean 75% for BU or 95% for SegWit
In either case I expect that if momentum gets going above 50% for either option, it shouldn’t be long after that for the rest to switch over also, but until the actual switch point, it’s still undecided.
If some other option pokes it’s head up that most agree with, then that could solve it also.
Edit: The bottom line is that bitcoin is a peer2peer transaction system, and if the majority says ‘X’ is what the system should now be, then that’s what bitcoin now is. The discussions about changing the PoW to stop a majority rule is beyond stupid. If groups want some other alt-coin then go create it, but bitcoin is a distributed peer2peer transaction system that is not controlled by some minority that thinks they are the bitcoin God.
Pool: Here on Bitcointalk: BTC: 1KanoPb8cKYqNrswjaA8cRDk4FAS9eDMLU FreeNode IRC: irc.freenode.net channel #kano.is Help keep bitcoin secure by mining on pools with full block verification on all blocks
Published at Wed, 05 Apr 2017 06:06:43 +0000
[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”] – Web Wednesday V83 – 024 bitcoin at Web Wednesday HK – 19th March 2014
83rd social mixer event – networking for the Hong Kong’s internet entrepreneurs and digital media executives.
An interview with two crypto-currency entrepreneurs:
Dave Shin, Founder of Cryptomex, an ambitious alternative for raising company funds via IPOs (initial public offerings) traded in Bitcoins.
Ken Lo, CEO of Anxbtc bitcoin Exchange, a new marketplace for trading Bitcoins, recently launched in Hong Kong.
Both artificial intelligence and blockchain technology have made major advances in the past few years. Could they be combined to bring us the money of the future?
Artificial Intelligence
Recently, many advances have been made in the field of . In the past few years, we saw artificial intelligence beat one of the world’s best players at Go, save drivers from car crashes, and predict the outcome of the US Presidential Election.
Many companies, both established market leaders and new startups, have started to incorporate artificial intelligence into mainstream products. AI technology can be found in voice and home assistants, such as Siri, Google Home/Assistant, and the Amazon Echo. These companies use artificial intelligence in different ways, including making predictions, voice recognition and image recognition.
AI in Finance
More and more, financial firms are turning to machines to replace humans at jobs that they have done for decades. Many wealth management firms already employ robots and artificial intelligence software to trade and invest for their customers. This is because computers are much quicker than humans at competing in a market where nanoseconds count. A slight delay could mean an entirely different outcome.
This type of trading activity isn’t just limited to traditional financial markets. Artificial intelligence is also starting to be used in bitcoin and altcoin markets. This is extremely prevalent in altcoin markets wheremany bots and AI trading software are used to take advantage of price fluctuations.
However, this isn’t the only use case for artificial intelligence technology in financial and bitcoin applications.
Mobile Banking for the Unbanked
One new platform called aims to bring banking services to those who lack access, especially for people in developing countries.
The platform is built on top of the Ethereum blockchain as a variety of smart contracts; but with a twist. Instead of requiring ID/Passport Verification like most bitcoin exchanges, the aim is to simply verify a user’s identity using artificial intelligence.
Users will be prompted to verify their identity when they start using the Humaniq system. However, only simple tasks need to be completed for this. Identity Verification would only consist of doing something very simple, such as taking a quick picture of themselves, or by reading a short piece of text. Voice and Image Recognition technology powered by artificial intelligence would then be able to quickly confirm their identity without any hassle or delay.
This could potentially be a huge step forward for citizens in developing countries integrating themselves into the global economy. Seeing that it’s currently estimated that there are more than in the world, many stand to benefit from such a platform.
[Note: This is a sponsored article provided by Humaniq]
Could Humaniq’s implementation be a real game-changer? Let us know your thoughts below!
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