Why the Blockchain Needs to Replace Archaic Archiving Methods
A recent survey in The Netherlands shows how a lot of cities lost important records due to floppy disks and CD-ROMs being used for archiving. In this day and age, hardly anyone uses this form of storage anymore, and the blockchain is a more than viable alternative to this problem. Archaic Archiving Methods are a Problem. The results of this survey were....
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Olivier Janssens, an early adopter of Bitcoin has created a $100,000bounty for software that will replace the need for the Bitcoin Foundation. The bounty of about 250 Bitcoins will be given to the developer that develops the best software for the goals of Janssens. Janssens views the Bitcoin Foundation as the exact thing that Bitcoin was created to avoid. Despite Bitcoin being a transparent network of transactions, the Bitcoin Foundation is not transparent in their actions, nor do they always ask the opinions of the community before implementing new updates or technology. Janssens seeks to....
You can always find some interesting things when you browser the Bitcoin subreddit on social sharing website Reddit. An early adopter and self-proclaimed bitcoin millionaire Olivier Janssens took to the page to propose a $100,000 bounty to anyone who can develop a software platform that could replace the Bitcoin Foundation. The Bitcoin Foundation, of course, is a major player in the bitcoin community. The Foundation says on their website their presence is critical in order to bring legitimacy to bitcoin. But many in the community have disagreed with the direction the Foundation has taken....
On this episode of "The Van Wirdum Sjorsnado," the hosts discussed Bitcoin transaction trick replace by fee. The post The Advantages And Drawbacks Of Replace By Fee appeared first on Bitcoin Magazine.
The heated debate in the Bitcoin community throughout the past months not only concerns the block size dispute. Another technical change at the center of conflict is replace-by-fee, a version of which was included in the latest release of Bitcoin Core – while the next version of Bitcoin Classic will have no replace-by-fee at all. An often-heard criticism against replace-by-fee is that it creates new problems while it doesn't really solve any existing ones. But that criticism is questionable. What is replace-by-fee? Replace-by-fee is a mempool policy. Mempools are collections of unconfirmed....
It is possible that when compared to rare metals, bitcoin mining is not as wasteful in terms of environmental impact, but it remains clear that there could be better and more efficient uses of cryptocurrency mining power than solving arbitrary cryptographic problems. This belief can be seen in a number of innovative projects announced in recent weeks that seek to use bitcoin's mining power to do everything from storing genetic material to archiving important data. This increasingly important question about the future of one of bitcoin's core industries arrives at a time industrial mining....