Litecoin actually did last night, more volume than Bitcoin, the fees were almost nothing! I actually did send an LTC transaction last night, so much fun not to be stupid and take advantage of this revolution instead of just sitting around like a troll calling it a bubble :D
Indeed. "Investor class" just means having enough saved, or enough income, that you are prepared to make investments where you can lose money. It's like saying those with FICO's over 480 have a monopoly on the ability to get a car loan, or that those with basic math skills have a monopoly on programming jobs.
> It's like saying those with FICO's over 480 have a monopoly on the ability to get a car loan, or that those with basic math skills have a monopoly on programming jobs.
Wrong. It's like saying there is a LAW requiring a certain credit score or a certain set of math skills. I don't have anything to add on whether investor accreditation is fair or not, but comparing federal law and regulations to loan or hiring opinions/choices is disingenuous. The comparison to predatory loan regulations or legal certification requirements for hiring would in fact be more apt.
Some of the best papers of past were only 2 or 3 pages. Certainly not this one though, that's not even a paper, that's just an extended online comment, letter to the editor, journal preface.
Bank runs are bad when there isn't a full reserve. Coinbase says it has 100% reserves.
Bank runs are how fraudulent exchanges are caught: Bitcoin is self-auditing, and either you have it or you don't, there aren't IOUs or paper receipts.
Fractional reserve banking is a prisoner's dilemma, we all marginally benefit from the status quo of credit/debit/interest, but in a crisis, the first people to pull out win, and everyone else loses.
Try Steem (almost Steam lol), it's meant to do that https://steemit.com their site is a social network where people get pay on Steem that isn't trying to phish for your personal data.
Also, for the JavaScript fans: http://bcoin.io/ it's actually a full node implementation that can run in the browser (can if you have time and space for the blockchain).
> Having a node set-up will allow you to more easily test and query the RPC/REST API, and begin monitoring new transactions added to the bitcoin blockchain/mempool.
> The default bcoin HTTP server listens on the standard RPC port (8332 for main, 18332 for testnet, 48332 for regtest, and 18556 default for simnet). It exposes a REST json api, as well as a JSON-RPC api.
Seems bcoin doesn't connect you directly, but rather to a node they're running elsewhere.
I can’t answer that question, it does implement server and client and the demo does try to download the whole blockchain on your browser (I’m not sure who has the bandwith to play with that demo)
It’s tho in production use and many people like the project cause it’s a full node implementation.
It's just not done like that, or show me Bitcoin's Crowdfunding calendar, let me show you the hundreds there are for Ethereum...
Not to mention, both are doomed with very high fees.
I own both, but there are many improvements to go :)