I'm a blockchain expert. Ask me any questions you have about them and I'll answer them to the best of my ability

Is bitcoin still a thing? I heard Jow Forums had a mass suicide and its only reddit niggers on the board

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BTC or BCH and why?

Ok. What exactly is the ledger. I have cs degree and lots of years in.

Have you admitted the whole thing was Beanie Babies 2.0, and the whole "experiment" has been an utter failure?

see bitcoin is just a use of blockchain technology

told you OP, plebs here are fucking retarded

forking a coin for quantum resistance. is it a relatively straightforward affair that can be done in time before quantum computers emerge as a serious concern? or will it take a long time and a lot of difficulty to fork a coin into quantum resistance?

if its relatively easy then its not really something to worry about yet. but if its a massive undertaking then coins that already have quantum resistance could be a worthwhile long term investment potentially

Do you see GUAPcoin reaching $50k in 2019?

why are black people niggers

00010101100100011100000111000101010100100010000100001 ?

>transactions go in block
>miners authenticate all transactions against previous transactions
>they solve a cryptographic puzzle generating a hash of that of that block
>a block with all of the verified transactions is added to the chain with the previous block's hash in it as well
reddit was too short-sighted to understand what they were dealing with. Realistically, it will take years after this first bubble pop for us to start seeing blockchain tech working the background of our everyday lives.
Don't you mean decentralized ledger retard?
Neither, BTC and any of its forks aren't the future. Buy ETH, XLM, LINK.
I haven't looked into that but breaking a blockchain using a double spending attack is already happening without quantum computers. Additionally that would require a general purpose quantum computer which is probably decades away. This is why ETH wants to move from Proof of Work to proof of stake or some combination of the two.
Wait until you're trading beanie babies on the blockchain that are tokenized representations of assets such as real-estate, stocks, bonds, etc...

>Wait until you're trading beanie babies on the blockchain that are tokenized representations of assets such as real-estate, stocks, bonds, etc...

exactly, at that point no "money" is needed as everything is "tokenized" as you said and value is derived from multiple other comparison points

> trade you a digital bond representing 1 ton of carrots, for the digital bond reprsenting property of a car

for example, it wouldnt be that straight forward but it can be done

>decentralized ledger
Sure. What are its parts and life-cycle, who does what to it?

thanks
im looking forward to eth potentially making me less poor
ive seen their roadmap and im confident they will solve all scaling issues within 2 years

I got 1,000 to blow on crypto - which coin will make me wealthy in a year.

blow it on blow

First, there are multiple types of decentralized ledgers for different types of consensus algos. But in the most basic sense, it's a record of transactions stored on each node in the network and each one is verified against every other one in a decentralized manner.
Nothing in the market will make you wealthy in a year but buy LINK or ETH and hold it for about 5 years most likely.

ledgers arent new
the first ledgers were chiseled out on stone tablets. then we started using pen and paper. then computers. but this is the first time we can have a ledger that isnt dependent on trusting the record keeper.

everything is done with ledgers. your shopping list is a ledger (but you can keep your sopping list centralized because you trust yourself).

its like trustless record keeping. no one person can fuck with the records because the records arent on any one machine.

Yeah already slowly accumulating on bad days both of those. Validates my choices.

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Why won't you just go back to biz? Are you trying to manufacture a pump? I honestly regret not having money a couple months ago. I knew it was low and that I could double my cash. I don't have any fucking money. I should kill myself, right?

Asking the real questions. I don't know why this isn't a bigger topic of conversation in the blockchain community. We need to know how far we are from the point where a state actor like North Korea could get a quantum computer capable of cracking private pins. If we're only a few years out, then people should only be using blockchains that are quantum-resistant.

1) what is a conservative pay range in the field?
2) what sort of resume would one need to get into the field?
3) what is the dominant language being used in the field?
4) what would be a good source/project to look at as a starting point?
5) what are we going to do about these damn kikes? (trying to keep it /pol relevant)

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hey fuccboi that's a really goddamn narrow example of a blockchain you got going on there.

Can a blocksize increase be done in some type of soft fork?

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Crypto has no future, its a solution to a problem that doesn't exist.

What do you mean by a double spending attack? Are you referring to a 51% attack? In a properly functioning blockchain, double spending shouldn't be an issue...

t. retarded subhuman

I think it's important Jow Forums knows what's coming soon. In a decade or two almost everything we do will be recorded on a blockchain and smart contracts will eliminate a lot of the intermediaries in day-to-day business.
Woah hold on I don't want too much competition yet. I'm just going to say learn Solidity well enough to compile smart contracts on other Ethereum nodes using Remote RPC.
Well yeah but they wanted a quick rundown not the whole shebang. You want me to rant until I'm talking about Ethereum state channels as a layer 2 solution I don't have all day lol.
That would require the consent of a majority of the BTC miners and considering the Blockstream is opposed to that I'd say no, it's not possible.
51% attacks are used to preform double spending to steal funds.

am i gay? all i can think about is sucking dick and taking dick in my ass but im not gay.

It´s all so tiresome , fucking hell.

Based and redpilled , yea non existing problem if you live in one of the 40 countries connected to the global banking system.

Otherwise you can´t send a wire transfer internationally at all without going through credit cards, which means you need to show income data to the government.

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in the future dicks will be tokenized on the blockchain, allowing us to verify that you are gay with a fully decentralized public ledger.

>That would require the consent of a majority of the BTC miners and considering the Blockstream is opposed to that I'd say no, it's not possible.

Just as i tought.

Another question user, in order to make wallets quantum encrypted and to keep the current 700k transactions per day with segwit in btc core.
What would the blocksize need to be to make them quantum encrypted and mantain THE SAME transaction capacity as it´s now.

Since a change in the encryption will mean a change in the transaction size and thus requiere bigger blocks.

Just asking because while blockstream may seem shills they got a point if to make the wallets resitant to quantum computers the block increase will need to be considerably big.

So what´s your estimate of the blocksize needed for that?

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imagine calling yourself a ''blockchain expert'' but shilling chainlink. death to all stinky linkies.

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Chainlink is required for cross-chain interoperability. Without decentralized oracles, smart contracts don't have end-to-end security.
Blocksize has nothing to do with that. The reason people are worried about quantum computers breaking blockchains is that they can preform 51% attacks allowing for the illegitimate transfer of funds.

The transaction speeds we're seeing now are so pitiful that it almost doesn't matter... Visa is processing 150 million transactions per day. Bitcoin does less than 300,000 per day. So stressing about slowdowns in transaction processing due to any kind of quantum encryption might not be that big a deal. It's like saying "we need to be careful about putting a shell on this slug. If we did that it might go really slow."

But in order to change the encryption you would need a bigger encryption in a new wallet system thus bigger blocks.

Block chain is just a fad.

What determines transaction speed? Will it increase as hardware advances? Is there something like a Moore's Law that applies to transaction speed? Or is it just 100% dependent on the protocol itself, so that even after 100 years of hardware improvements, bitcoin will still be processing 300K payments per day?

No, you'd just change the encryption method. That's completely independent of blocksize. For example if you went from SHA256 to SHA512 you can still use the standard 7 MB blocksize.
Transaction speed doesn't scale with tech and is completely dependent on the protocol.

This is why I've said already that BTC is not the future of crypto. Layer 2 solutions, quadratic sharding, and ZK-Snarks will make Ethereum or one of its competitors have comparable transactions speeds to Visa in the future, however.

Why is it taking so long for ethereum to move to sharding? It seems like they've been working on it for a really long time. And sometimes I'll see these headlines that make it sound like it's about to be released, and then yet another month goes by. What are the technical challenges that are giving them so much trouble?

I'd need to research more before giving you an answer on that one, sorry. I pay more attention to the tech itself and how to utilize than the politics.

What kind of literature related to blockchain would you recommend?

What this guy said.

Also, any legal resources on blockchain?

why didn't link go 1k eoy?

>blockchain expert
>buy ETH and LINK
Topkek. Only fooling the /brainlets/ here.

If you want the actual redpill -

sumrevija.si/en/sum10-2-nick-land-crypto-current-an-introduction-to-bitcoin-and-philosophy/

github.com/bitcoinbook/bitcoinbook

Sorry was away for a moment. Real crypto red pill.
>bitcoin was created to be the currency of a natural economy where bankers can't loan your saved money in retaliation for the Wall Street bailouts during the '08 recession, pic related

Best video explaining how bitcoin works:
youtube.com/watch?v=Lx9zgZCMqXE

Bitcoin whitepaper:
nakamotoinstitute.org/literature/bitcoin/

Trusted Third Parties are Security Holes by Nick Szabo:
nakamotoinstitute.org/literature/trusted-third-parties/

The God Protocols by Nick Szabo:
nakamotoinstitute.org/literature/the-god-protocols/

Ethereum whitepaper:
github.com/ethereum/wiki/wiki/White-Paper

Chainlink whitepaper:
link.smartcontract.com/whitepaper

How the Banks Bought Bitcoin:
youtube.com/watch?v=UYHFrf5ci_g

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Will blockchain help us secure the existence of the white race?

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By automating a lot of predominantly Jewish held jobs, maybe.

of course

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Why it Bitcoin in a freefall?

If Blockchain disappeared tomorrow, do you realize no one would give a shit?

When are you getting a real job?

Should I spend my 10k of savings on buttcoin?

Why is bitcoin not valued at the cost of [computing] mining the bitcoin ?
that is the way I saw its value when I invested
sold two years ago when the banks started investing to make a crash and make us run back to worthless paper.