4 ms·

So maybe you should link to the one you are referring to, if there are three projects with the same name.

emporas 3y ago
I am talking about Bitcoin BSV. If the purpose of blockchain was solely to provide PoW, then there could exist a lot of blockchains, a thousand maybe. Economic incentives ensure that the most inefficient of blockchains will be put out of the market. So some of them, like btc will soon be put out of the market, because speed and microtransactions is the two factors every blockchain competes on. https://www.binance.com/en/price/bitcoin-sv https://www.binance.com/en/price/bitcoin-sv
- 8organicbits 3y ago
  > This coin is not listed on Binance for trade and service. An obscure coin my users cannot purchase through major exchanges is a really poor solution. Sorry, that makes no sense.
  - emporas 3y ago
    I answered on the other comment, but at that point, in case there is a blockchain, which supports a millionth of a cent transaction, then exchanges (Binance, Coinbase etc) are not so useful. If every person just needs one cent for a million http requests, then one guy in your neighbourhood or your town, or your city might have some of it, you message him and he will send you a cent for free. You buy him a coffee, and he will give you in return, billions of http requests. But again, economic incentives need to work their way into the system.
    - 8organicbits 3y ago
      Yikes, that sounds terrible. The current best alternative is a visual captcha. I'm not driving around town to buy coffee for some random person just to be able to use the internet. That's not the sort of internet I want.
      - emporas 3y ago
        I am not suggesting that you should do that. As soon as we reach the sweet spot of transaction fees, between a thousandth of a cent, and a millionth of a cent, then every person will have a wallet with one dollar inside it, and send it to a site he visits and desires to not be considered a spammer. In case you run out of proof_of_burn a friend of yours might send you just a cent, and you are good to go, for one hundred thousand http requests more. There is no need for a normal person, to hold more than a handful of dollars for every year's internet use. That renders exchanges almost useless. Not totally useless, but much less relevant than they are today. I personally wouldn't care less, if there is one bitcoin/blockchain which reaches that sweet spot, or if they are a hundred, including litecoin, ripple etc. PoW is meant to be used for practical reasons. Blockchain however constitutes an economic system, of suppliers-miners and consumers-users, it is more than just a software program. It will evolve in the future, and it requires some crucial time. For the moment there no API which provides the kind of PoW service to be very useful, and some hacks might be required to mitigate side effects of relentless scraping. These are just hacks, useful today, but the real solution is coming soon. Web3 some people call it, or Cryptocosm is another name of it.

I am talking about Bitcoin BSV. If the purpose of blockchain was solely to provide PoW, then there could exist a lot of blockchains, a thousand maybe. Economic incentives ensure that the most inefficient of blockchains will be put out of the market. So some of them, like btc will soon be put out of the market, because speed and microtransactions is the two factors every blockchain competes on. https://www.binance.com/en/price/bitcoin-sv https://www.binance.com/en/price/bitcoin-sv

8organicbits 3y ago
> This coin is not listed on Binance for trade and service. An obscure coin my users cannot purchase through major exchanges is a really poor solution. Sorry, that makes no sense.
- emporas 3y ago
  I answered on the other comment, but at that point, in case there is a blockchain, which supports a millionth of a cent transaction, then exchanges (Binance, Coinbase etc) are not so useful. If every person just needs one cent for a million http requests, then one guy in your neighbourhood or your town, or your city might have some of it, you message him and he will send you a cent for free. You buy him a coffee, and he will give you in return, billions of http requests. But again, economic incentives need to work their way into the system.
  - 8organicbits 3y ago
    Yikes, that sounds terrible. The current best alternative is a visual captcha. I'm not driving around town to buy coffee for some random person just to be able to use the internet. That's not the sort of internet I want.
    - emporas 3y ago
      I am not suggesting that you should do that. As soon as we reach the sweet spot of transaction fees, between a thousandth of a cent, and a millionth of a cent, then every person will have a wallet with one dollar inside it, and send it to a site he visits and desires to not be considered a spammer. In case you run out of proof_of_burn a friend of yours might send you just a cent, and you are good to go, for one hundred thousand http requests more. There is no need for a normal person, to hold more than a handful of dollars for every year's internet use. That renders exchanges almost useless. Not totally useless, but much less relevant than they are today. I personally wouldn't care less, if there is one bitcoin/blockchain which reaches that sweet spot, or if they are a hundred, including litecoin, ripple etc. PoW is meant to be used for practical reasons. Blockchain however constitutes an economic system, of suppliers-miners and consumers-users, it is more than just a software program. It will evolve in the future, and it requires some crucial time. For the moment there no API which provides the kind of PoW service to be very useful, and some hacks might be required to mitigate side effects of relentless scraping. These are just hacks, useful today, but the real solution is coming soon. Web3 some people call it, or Cryptocosm is another name of it.