dutchberliner

The CCP is a mafia regime and they strong arm countries like thailand into anti taiwan policies.

No buddy wrong as usual.

Those addresses are mostly controlled by custodian services and exchanges.

They hold Bitcoin for millions of other people.

8 hours ago, BuaBS said:

No , there will still be gold (and silver).

Good luck taking gold through customs or buying something with it in general.

Gold is very impractical compared to Bitcoin 

40 minutes ago, 12DrinkMore said:

 

Although there is always the threat of abuse by TPTB, I think I am going to remain optimistic that the legal system and votes will keep them in check.......

 

 

Yeah why would you want that if there is an alternative. History has proven that power corrupts and absolute power corrupts absolutely. 

Sounds to me that you suffer from HOMO (hate of missing out) and that prevents you from being objective here.

A permissioned blockchain does not solve the trust issue.

Why trust humans when you know it is a matter of when and not if they get corrupted? 

No need to trust in social consensus when in certain use cases machine consensus is preferable.

There is a reason why virtually every permissioned blockchain running in production anchors their data to the Bitcoin blockchain for proof of immutability. They need a public decentralised blockchain to prove that their data can be trusted to be tamper proof.

This article explains it pretty well. Bottom line: if you don't need censorship resistance and immutability then most blockchain use cases are lots of hype with little substance.

https://www.forbes.com/sites/laurashin/2017/02/07/the-first-government-to-secure-land-titles-on-the-bitcoin-blockchain-expands-project/#c5fe7ca4dcdc

Having a blockchain without an asset token like Bitcoin to secure it is pretty pointless. Without a token you might as well run a Google spreadsheet.

Without a token, how are you going to reward miners to secure the chain and process transactions?

Furthermore, the value of a blockchain is derived from it being censorship resistant and immutable.

This will be very important once the Orwellian cashless society becomes reality. 

Have you considered the totalitarian nightmare we could enter once every financial transaction can be blocked or reversed by the powers that be?

Crypto currencies and more precisely Bitcoin are the last line of defence the people have against this nightmarish future.

33 minutes ago, 12DrinkMore said:

 

Nonsense, the miners go where it is cheapest, renewable or not. It is easy to transport electricity to other areas, that is its huge advantage as a power source. I am unaware of huge numbers of jobs being created through Botcoin mining, and the tax issue is one which the tax authorities are lookng hard at, as Bitcoin is more a way of avoiding tax rather than paying more tax.

 

Please tell me where light bulbs have been improved through Bitcoin mining. Never heard of that.

 

well there are plenty of areas with more power production then they can sell because they lack the infrastructure. That's where miners go.http://www.independent.co.uk/environment/chile-solar-power-panels-free-electricity-give-it-away-a7063131.html this is just one example

I am not saying bitcoin is environmentally friendly but it is achieving a higher renewable rate then most industries. So trashing bitcoin over this is a bit hypocritical

The bitcoin is a way of avoiding tax story will cost a lot of people dearly in the long run. The bitcoin is a public eternal ledger, not suitable at all for large scale tax avoidance. there is a reason  why the darknet switched away from bitcoin. They just kept getting caught;) It's a matter of when not if! look at this nifty tool for instance https://medium.com/@BitFuryGroup/the-bitfury-group-unveils-solution-for-analyzing-related-bitcoin-addresses-8eba57f4c7f9

Can't find the (smart) light bulb link but i am pretty sure it was one of these patents https://patents.google.com/?assignee=北京比特大陆科技有限公司&num=100

This does not mean that Bitcoins will become more valuable. They are not involved in this

Bitcoin is not only involved, it's essential. The bitcoin network can not function without the bitcoin token. a token empowers a decentralised public blockchain and only by using such a chain the private chains can prove to us 'the people' they they can be trusted. Without this 'bitcoin' trust we would just be switching trust from a civil servant at the land registry to some company running a private blockchain. that is still far from ideal, the goal is to no longer having to trust on humans!

As to which one the market chooses, how about the best one? As in the most decentralised, censorship resistant and immutable, in that arena bitcoin is king! google companies like Tierion, Chain, Bitfury, Factom, Filamont or chromaway. They all anchor to the bitcoin blockchain to prove immutability.

I see no real competition for bitcoin in this field. Most other coins have squandered cryptos unique selling points to accommodate users wishes. Those wishes (low fees through fast block times and large blocks) will set an unstoppable centralising force in motion as soon as these coins start experiencing heavy load on their chains.

Personally I regard proof of immutability as the blockchains killer app. It has the power to eradicate fraud and corruption by increasing the chance of getting caught to 100%.

Governments utilizing bitcoin for this purpose will galvanize bitcoin's position as a store of value and protect bitcoin from government regulation. How can one government ban it when another is using it to tackle corruption?

2 minutes ago, Orac said:

This article is a fine example of cherry picking to create a certain narrative (bitcoin bad!)

 

Their little map only shows maybe 40% of bitcoin mines in china and conveniently ignores the ones using hydro and wind. It also ignores the mines in iceland, washington state, georgia, tibet, chile that run on renewables.

 

I am not claiming that bitcoin is running on 100% renewable. I am merely saying that bitcoin miners are adapting to the renewable era in a much more efficient and faster way.

Other industries lobby to build new power plants so they can stay in a certain area. Bitcoin miners move to areas with power surplus and poor infrastructure. Lessons can be learnt from this. 

2 minutes ago, Orac said:

 

 

This article seems to disagree

https://www.bloomberg.com/news/articles/2017-12-15/turning-coal-into-bitcoin-dirty-secret-of-2017-s-hottest-market?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social


Sent from my iPad using Thailand Forum - Thaivisa mobile app

 

8 hours ago, 12DrinkMore said:

 

You are confusing blockchain alogorithms with craptos.

 

The blockchain technology can be applied to other applications and will live on.

 

Craptos will not.

 

 

So how do you suggest a blockchain can achieve decentralisation if not for an asset token incentivising miners to secure the network and process transactions? 

Without an asset token (like bitcoin) securing it, your 'blockchain' would in fact just be a slow cumbersome database. 

Censorship resistance and immutability through decentralisation are the unique selling points of bitcoin. That's why most BAAS (blockchain as a service) companies anchor their private chains to the bitcoin blockchain to prove immutability, to prove that they can be trusted. The link below explains it pretty well. Bitcoin will soon be used to secure the property stock of entire nations! 

https://www.forbes.com/sites/laurashin/2017/02/07/the-first-government-to-secure-land-titles-on-the-bitcoin-blockchain-expands-project/#29aa0574dcdc

lol the world could learn from bitcoin when it comes to energy efficiency. bitcoin miners go to areas with a (renewable) electricity production surplus. In those areas they have the choice of letting the electricity run of into the ground or mine bitcoins with it (to create jobs and tax revenue). That does not seem like a tough choice.

Furthermore, plenty of bitcoin mining innovations are being used in devices like light bulbs to save ....electricity! 

Power usage is just the latest bullshit excuse to dismiss bitcoin.

It's mainly used by people that suffer from a condition that we bitcoin hodlers like to call HOMO (hate of missing out;)

8 hours ago, seancbk said:

How do you figure that is the most popular one?

Everyone I know in Thailand doing crypto uses https://bx.in.th/ 

Either way very easy to use in Thailand (unless you are an American, as they won't allow US account holders)

Oh thanks I will check that one out.

13 hours ago, hawker9000 said:

When you say "This ledger can't be altered, censored or controlled.", you're saying it can't EVER be "altered, censored or controlled".   That's a pretty tall order...   Some might find this article interesting.

 

 

First of all, security is always probabilistic. 100% secure does not exist but bitcoin is the closest we ever got to 100% and nothing else even comes close.

That article lists a lot of attack vectors on the secondary layer. the only one that is on the protocol level is the 51% attack. 

The author made a mistake in claiming that a 51% attack allows the attacker to roll back transactions. This is not the case. As soon as a transaction has more than 7 conformations the chance of a roll back or double spend only exist on a theoretical level (again, 100% does not exist in security).

Furthermore a 51% attack would immediately erode trust in the network and it will crash the price. So there aren't many scenarios where it is a good idea for an attacker to spend billions to reach 51% only to mess with the chain for a short time. The attacker also knows that he won't really kill the chain. At best the attacker would force a POW change and bitcoin would just chug along leaving the attacker with a bunch of worthless hardware.

a better decentralised ledger might come along and when that day comes i will invest in it and projects that now use the bitcoin blockchain for anchoring can just switch over. Point is that a decentralised ledger like bitcoin will play a vital role in our future economy. No company, bank or state can create something like it because it would be centralised and controlled by them. This would kill cryptos most important selling point of censorship resistance through decentralisation.

On 5/29/2017 at 3:56 AM, oxo1947 said:

As someone who knows zero about this----how do you cash them in...( into $$ if that's what you want to do) do you have to advertise for a buyer of them ??

https://coins.co.th/

This is the most popular one but there are others in thailand.

You can just cash out via your local thai bank.

On 5/28/2017 at 1:54 PM, impulse said:

Yup.  

 

Too late to get in on the top level of this pyramid scheme.

 

Besides, what's to stop an Elon Musk or Jeff Bezos from launching a competing currency that's actually backed by someone and an organization whose name we know?  (Edit:  Other than the risk of prison time for launching an unsanctioned currency)

 

Unless, of course, you have a few hundred million in drug money (or ransom money) you need to hide and you have no safe alternative.  

 

If I'm not mistaken (and I may be) Bernie Madoff was thriving longer than Bitcoin has been.

 

Maybe study up on the subject before having an opinion? 2 years from now this comment will still be online and you will look pretty stupid.

Would you think differently of bitcoin if you knew that the republic of georgia will be (the first of many nations) securing their entire land registry using the bitcoin blockchain as the backbone? This will happen in 2018!

Bitcoin is not just a coin. the coin exists to secure the immutable global asset ledger. This ledger can't be altered, censored or controlled. Anyone can use it and/or audit it. It allows anyone to transact with whomever, without the use of a trusted third party. 

Ransomware and darknet markets are a necessary evil. They prove that bitcoin can't be stopped, that nobody is in control. 

Sorry but if you don't see the value in such a system then I don't know what to tell you.

I understand the people applauding this. it must be hard for you guys to see people living in thailand long term without being old or in a loveless marriage.

So good of those idiot Dutch to give money to Thailand. We have enough problems at home but still give money to other countries. As far as i know Thailand has no budget deficit but Holland does. Why would we give them money knowing that its an utterly corrupt country and much of the money will be lost.

I do agree that we could help the Thai's with our knowledge but we all know how much the Thai's listen to others so its pointless. The only ones benefiting from this are the people who can get their hands on the money and those like the Dutch guy in charge who can play a big shot with taxpayers money.

If the Thais really wanted help then sending people in who work for free would be better then sending money. If something is given for free in general its not cared much for. Just think of the Phuket Tsunami buoy.

don't u worry about our business sense;) We 'give' thailand a case study and a proposal. This costs several million to compose. After thailand accepts our proposal they will be locked in for life because without our technology the place is still going to flood. so we will have water works and more importantly water works maintenance contracts coming in from thailand for many years to come.

u have to invest to make money, didn't they teach u that back home?

so basically if u plan on doing drugs in thailand u might as well rape, murder, pillage, etc whomever u choose because pumping some substances into your own body is considered a more serious crime then inflicting harm upon others? i thought people out here believed in karma, so how does this fit in?

the guy got caught raping a kid, can it get any worse?