Ethereum Quotes

The best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.

Ethereum, or some other Cryptocurrency is going to be the global standard of payment. It’ll be of greater value than national fiat.

Everything to do with cryptocurrencies and blockchains is the domain of fast-talking conmen. If anyone tries to sell you on either, kick them in the nuts and run.

There are enough resources in the world for everyone to experience some variable degree of wealth. And from a spiritual perspective, there are no limitations, only abundance.

Proponents of Austrian economics include the fringe economics blog Zero Hedge, which has confidently predicted two hundred of the last two recessions

Cryptocurrency and Blockchain technology offer a lot of potential with investing.

The inventors of JavaScript never intended for someone to build Gmail, or Facebook or Bitcoin wallets on top of it. We don’t know what people will build on top of Ethereum, but the idea is that they will be decentralized and unstoppable applications.

Computer programmers are highly susceptible to the just world fallacy (that their economic good fortune is the product of virtue rather than circumstance) and the fallacy of transferable expertise (that being competent in one field means they’re competent in others).

Being valuable is the start. But a good business also has to communicate its value to its customers and those customers have to also voluntarily be in agreement with that value. If the customers perceive the value, and determine that the value they obtain from your businesses products or services is greater than the value of the dollars, Renminbi or ETH they have in their wallet… then they will pay for what your business is selling. If not, they won’t.

The Central Bank of The Bahamas and the Bahamian people are leading the world in the normalization of digital currency and Blockchain technology as ways to build speed, liquidity, access, efficiency and security into payments.

Investing at large scales is where the greatest impact happens. When we’re investing with billions of dollars or trillions of dollars, it’s easier to effect whole systems and implement society-scale results more rapidly and with more efficiency. When you have big objectives, you need big money. We have big objectives at Mayflower-Plymouth and we have a lot of good things to do in the world that’s going to help a lot of people, so we need to be working with big numbers.

It's not about Bitcoin or Ethereum or NFT's... These things have merely shown us what's possible. But the real value is in Cryptography, Blockchain Technology, Cryptocurrency and Smart Contracts - these are the things with the real business implications.

The Bahamas is becoming a leading nation when it comes to Blockchain Technology and Cryptocurrency.

the term “smart contract” has become more mainstream since the advent of first Bitcoin and then Ethereum, it was first coined by Nick Szabo in 1996, and thus precedes the development of blockchain networks.

Darknet markets remain the most popular Bitcoin use case after speculation and ransomware. In 2014, darknet markets were estimated to have processed more bitcoins than all legitimate payment processors put together.

A record shop must not be harder to use than BitTorrent. The legal options, iTunes, Netflix and Spotify, made it big by being more convenient than piracy,

Smart contracts on Ethereum are worse than even non-financial commercial code; as of May 2016, Ethereum contracts averaged 100 obvious bugs (so obvious a machine could spot them) per 1000 lines of code.348 (For comparison, Microsoft code averages 15 obvious bugs per 1000 lines, NASA spacecraft code around 0 per 500,000 lines.)

DeFi boom is a very near equivalent of an apocalyptic event for the traditional financial institutions.

Ethereum is the second-biggest cryptocurrency in the world after Bitcoin. It’s also very different from Bitcoin in its structure and purpose. Ethereum wasn’t developed as a currency alone. Its innovation lies in opening the blockchain up to development for different applications outside currencies and finance. Developers can build software on top of Ethereum’s blockchain, and use the network’s distributed ledger to build trust for all kinds of applications. Since the Ethereum blockchain is decentralized, once a developer has built an application, it can’t be censored or taken down by any authority. That application lives as long as the Ethereum blockchain continues.

Bitcoin itself, as an ideology fundamentally at odds with reality based on a technology that reached its limits in 2015, will keep lurching from crisis to crisis.

Bitcoin’s cryptography is solid, but it’s a bit like putting a six inch thick steel vault door in a cardboard frame.

Hyperledger.org is a corporate open source Potemkin village of the sort IBM has long favoured: the illusion of an open project, with no “there” there.

There is a constant interaction and overlap between the physical, virtual, augmented, and mixed worlds.

The metaverse is not something to believe in. It’s not a religion; it’s simply a tool. I don’t “believe” in my refrigerator. I use it when I want a cold soda.

What Zuckerberg has in mind for Horizon is a dystopian advertising nightmare.

The Decentralization of Finance is really good for humanity and it’s ultimately a win for each and every one of us. Because now that we can circumvent banks, exchanges and brokerage companies by using smart contracts on the blockchain… every person, every family, and every business will experience more liberty, more freedom, more opportunities, more abundance, more power, and more wealth. This makes way for more opportunities around financial wellness, permaculture investing, more effective crowdfunding, better ownership and equity arrangements, and more.

The darknet markets are fuelled by users who want to buy drugs without having to go to the bad part of town and talk to people from a minority, and dealers obtaining commercial quantities to sell locally

Sadly for Bitcoin, most Austrian economists aren’t fans – even as Bitcoiners remain huge fans of Austrian economics.27 You will find Austrian jargon in common use in the cryptocurrency world. Proponents of Austrian economics include the fringe economics blog Zero Hedge, which has confidently predicted two hundred of the last two recessions. Zero Hedge covers Bitcoin extensively, and Bitcoiners are fans in turn.

The A/B test showed that the text “Donate with Bitcoin” dropped revenue per visitor by 7.5%; adding the text would have lost them $140,000 over the campaign, for the sake of a few thousand dollars in Bitcoin.

David Golumbia’s The Politics of Bitcoin: Software as Right-Wing Extremism is a short but very useful academic survey that traces just where the Bitcoin cluster of crank political and economic ideas sprang from.

One commenter posted: “They just prefer the imaginary debt based ‘money’ their slavemasters issue via the central banks of the world.” (Max Temkin of Cards Against Humanity responded: “Yes I use it to buy groceries.

I’d never encountered American-style ideological libertarianism and anarcho-capitalism before the Internet. When I first heard about it, I honestly thought it was a wacky Swiftian political satire that nobody could actually believe.

Standing for decentralized autonomous organization, The DAO was a complex dApp that programmed a decentralized venture capital fund to run on Ethereum. Holders of The DAO would be able to vote on what projects they wanted to support, and if developers raised enough funding from The DAO holders, they would receive the funds necessary to build their projects. Over time, investors in these projects would be rewarded through dividends or appreciation of the service provided.

As Ethereum’s promise became apparent, people jockeyed for position. Charles, who had lobbied to be CEO, had casually asked Gavin, over a game of chess, to be his chief technology officer (CTO). Gavin, who, on Wednesday, sent the first ether transaction from his laptop to Charles’s, asked Vitalik if that was cool. Vitalik, being less interested in a title or in ordering people around than in conducting research (or learning Chinese), said sure and gave himself the title C3PO.

Even as a former Banker I can see that the Blockchain and Ethereum are challenging the role of traditional banks. I think at some point, traditional banks will become irrelevant and ultimately non existent. Instead, the global standard of how people manage finances will be centered around the blockchain and apps built on Ethereum. Because of this, people and businesses will experience much more financial freedom. And that’s a good thing. So let these big banks collapse - something far better is going to replace them.

Hashing is more secure than encryption, at least in the sense that there exists no private key that can “reverse” a hash back into its original, readable form. Thus, if a machine doesn’t need to know the contents of a dataset, it should be given the hash of the dataset instead.

The very principles of economics suggest that scarcity, validity, and demand can transform anything, even a stone, into a Store-of-Value (SoV). Such an event will happen only once in an era and we are extremely fortunate to be witnessing the birth of a new type of SoV, the Crypto.

The foundational idea behind institutions is creating trust between strangers in society. We have laws and systems in place to make it possible for millions of people who don’t know each other to live in proximity to one another. However, the creators of blockchain felt these institutions were failing.

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On a smart contract platform, the possibilities rapidly expand beyond what developers desiring to integrate various applications can easily handle. This leads to the adoption of standard interfaces for different types of functionality. On Ethereum, these standards are called Ethereum Request for Comments (ERC). The best known of these define different types of tokens that have similar behavior. ERC-20 is the standard for fungible tokens and defines an interface for tokens whose units are identical in utility and functionality.2 It includes behavior such as transferring units and approving operators for using a certain portion of a user's balance.

If you have programmers, they probably save their code in Git, which is the closest I can think of to a useful blockchain-like technology: it saves individual code edits as transactions in Merkle trees with tamper-evident hashes, and developers routinely copy entire Git repositories around, identifying them by hash. It’s a distributed ledger, but for computer programs rather than money.

What Ethereum Is Good For Ethereum is suited to building economic systems in pure software. In other words, it’s software for business logic, wherein people (users) can move money (data representing value) around with the speed and scale that we normally get with data.12 Not the three- to seven-day floating period you get with the commercial banking system. Or the fees associated with vendors such as Visa, MasterCard, and PayPal. With a simple Ethereum application, for example, it is fairly trivial to pay hundreds of thousands of people, in hundreds of countries, small amounts every few minutes, whereas in the legacy banking system you would need an entire payroll department working overtime to constantly rebalance your account ledgers and deal with the cross-border issues.

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Take the New York–based Lemonade, arguably the best funded of today’s crowdsurance startups. Via an app, Lemonade brings together small groups of policyholders who pay premiums into a central “claim pool.” Artificial intelligence does the rest. The entire experience is mobile, simple, and fast. Ninety seconds to get insured, three minutes to get a claim paid, and zero paperwork. Adding more technology to this arrangement, companies like the Swiss firm Etherisc sell “bespoke insurance products” on the Ethereum blockchain. Because smart contracts remove the need for employees, paperwork, and all the rest, all sorts of new insurance products are being created. Etherisc’s first offering is something not covered by traditional insurers: flight delays and cancellations. Individuals sign up via credit card, and if their plane is more than forty-five minutes late, they’re paid instantly, automatically, and without the need for any paperwork.

Según se explica en la página web, Ethereum es una plataforma que ejecuta aplicaciones descentralizadas, principalmente contratos inteligentes, «exactamente como están programados y sin posibilidad de pausa, censura, fraude ni interferencia de terceros». Ethereum se parece a bitcoin en que su ether motiva a una red de iguales para que validen las transacciones, protejan la red y creen consenso sobre lo que existe y lo que ha ocurrido. Pero se diferencia de bitcoin en que incluye algunas poderosas herramientas para ayudar a los desarrolladores y demás a crear servicios de software que van desde juegos descentralizados hasta mercados de acciones. Ethereum lo concibió en 2013 Vitalik Buterin, un canadiense de origen ruso que entonces tenía diecinueve años. Les había dicho a los desarrolladores de bitcoin que la plataforma necesitaba un lenguaje de programación más complejo que permitiera desarrollar aplicaciones. Al ver que rechazaban su propuesta, decidió crear su propia plataforma. ConsenSys fue la más rápida y se fundó para crear aplicaciones basadas en Ethereum. Dos años después la analogía es clara: Linus Torvalds es a Linus lo que Vitalik Buterin es a Ethereum.

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Counterparty is a cryptocommodity that runs atop Bitcoin, and was launched in January 2014 with a similar intent as Ethereum. It has a fixed supply of 2.6 million units of its native asset, XCP, which were all created upon launch. As described on Counterparty’s website, “Counterparty enables anyone to write specific digital agreements, or programs known as Smart Contracts, and execute them on the Bitcoin blockchain.”7 Since Bitcoin allows for small amounts of data to be transmitted in transactions and stored on Bitcoin’s blockchain, it becomes the system of record for Counterparty’s more flexible functionality. Since Counterparty relies upon Bitcoin, it does not have its own mining ecosystem.

The reason Bitcoin developers haven’t added extra functionality and flexibility directly into its software is that they have prioritized security over complexity. The more complex transactions become, the more vectors there are to exploit and attack these transactions, which can affect the network as a whole. With a focus on being a decentralized global currency, Bitcoin developers have decided bitcoin transactions don’t need all the bells and whistles. Instead, other developers can either find ways to build atop Bitcoin’s limited functionality, turning to Bitcoin’s blockchain as a system of record and means of security (e.g., Counterparty), or build an entirely different blockchain system (e.g., Ethereum).

What is more interesting about Ethereum, however, is that the Ethereum protocol moves far beyond just currency. Protocols around decentralized file storage, decentralized computation and decentralized prediction markets, among dozens of other such concepts, have the potential to substantially increase the efficiency of the computational industry, and provide a massive boost to other peer-to-peer protocols by adding for the first time an economic layer.

By having no affiliation with “coin” in its name, Ethereum was moving beyond the idea of currency into the realm of cryptocommodities. While Bitcoin is mostly used to send monetary value between people, Ethereum could be used to send information between programs. It would do so by building a decentralized world computer with a Turing complete programming language.11 Developers could write programs, or applications, that would run on top of this decentralized world computer. Just as Apple builds the hardware and operating system that allows developers to build applications on top, Ethereum was promising to do the same in a distributed and global system. Ether, the native unit, would come into play as follows: Ether is a necessary element—a fuel—for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources).

Miners of Ethereum would be processing transactions that could transfer not just ether but also information among programs. Just as Bitcoin miners were compensated for supporting the network by earning bitcoin, so too would Ethereum miners by earning ether, and the process would be supported by a similar proof-of-work consensus mechanism.

two movements exploded in the blockchain technology space. One was the proliferation of new cryptoassets that supported new public blockchains, like Ethereum. These new public blockchains offered utility outside the realm of Bitcoin. For example, Ethereum’s goal was to serve as a decentralized world computer, whereas Bitcoin aimed to be a decentralized world currency.

While the Thiel Fellowship was an indication of what was to come for Buterin, $100,000 wasn’t enough to sustain his team. To that end, from July 23, 2014, to September 2, 2014, they staged a 42-day presale of ether, the cryptocommodity underlying the Ethereum network.16 Ether was sold at a range of 1,337 to 2,000 ether per bitcoin, with 2,000 ether per bitcoin on offer for the first two weeks of the presale and then declining linearly toward 1,337 ether per bitcoin in the latter half of the sale, creating momentum by incentivizing people to buy in at the beginning. Overseeing the legal and financial nuances around this sale was the newly created Ethereum Foundation headquartered in Zug, Switzerland.

In addition to the 60 million ether sold to the public, roughly 6 million was created to compensate early contributors to Ethereum, and another 6 million for long-term reserves of the Ethereum Foundation. The extra allocation of 12 million ether for the early contributors and Ethereum Foundation has proved problematic for Ethereum over time, as some feel it represented double dipping.

With the money they raised, the Ethereum team was also able to test the network before launch in a way that Satoshi and his small group of supporters were not able to. Starting at the end of 2014 and for the first half of 2015, the Ethereum Foundation encouraged battle testing of its network, both in a grassroots bug bounty program and in formal security audits that involved professional third-party software security firms.

Ethereum’s network with its underlying blockchain went live on July 30, 2015. While much development energy had gone into creating the Ethereum software, this was the first time that miners could get involved because there was finally a blockchain for them to support. Prior to this launch, Ethereum was quite literally suspended in the ether. Now, Ethereum’s decentralization platform was open for business, serving as the hardware and software base for decentralized applications (dApps). These dApps can be thought of as complex smart contracts, and could be created by developers independent of the core Ethereum team, providing leverage to the reach of the technology.

To explain how a dApp works, we’ll use an example from the company Etherisc, which created a dApp for flight insurance to a well-known Ethereum conference. This flight insurance was purchased by 31 of the attendees.23 Figure 5.1 shows a simplified diagram. Using Ethereum, developers can mimic insurance pools with strings of conditional transactions. Open sourcing this process and running it on top of Ethereum’s world computer allows everyday investors to put their capital in an insurance pool to earn returns from the purchasers of insurance premiums that are looking for coverage from certain events. Everyone trusts the system because it runs in the open and is automated by code.

Since the launch of Ethereum, a near endless stream of dApps have been released to run on it, many of which have their own native unit. We refer to many of these dApp native units as cryptotokens, while others refer to them as appcoins. A dApp with its own native cryptotoken will use ether as a cryptocommodity to pay the Ethereum network to process certain dApp transactions. While many dApps use a cryptotoken, the native units of some dApps should be classified as a cryptocommodity layered on top of Ethereum,

Buterin and those involved with The DAO and Ethereum immediately began to address the hack. The situation was problematic, however, because Ethereum was a decentralized world computer that provided the platform for dApps to run on. However, it did not promise to audit and endorse each application.

In some ways, cryptocommodities are more tangible in value than cryptocurrencies. For example, the largest cryptocommodity, Ethereum, is a decentralized world computer upon which globally accessible and uncensored applications can be built.

Paying to use Ethereum’s world computer—also known as the Ethereum Virtual Machine (EVM)—is reminiscent of when schools and libraries had shared computers that students could use.

Ethereum initially planned to issue 18 million ether each year in perpetuity. The thinking was that as the underlying base of ether grew, these 18 million units would become an increasingly small percentage of the monetary base. As a result, the rate of supply inflation would ultimately converge on 0 percent. The Ethereum team is currently rethinking that issuance strategy due to an intended change in its consensus mechanism. Choosing to change the issuance schedule of a cryptoasset from the plan at time of launch is more the exception than the norm, though since the asset class is still young we are not surprised by such experimentation.

Ethereum’s ether provides a study on how exchanges adding a cryptoasset can increase the diversity of the trading pairs used to buy the asset. If our hypothesis on the importance of fiat currencies in cryptoasset trading holds, then as an asset grows in maturity and legitimacy, it should have more diversity in its trading pairs, with particularly strong growth in fiat currencies being used to buy the asset.

Hashing is at the core of blockchain security.

Proof of Work In order to slow down attackers and guarantee blockchain security, there needs to be more honest verifiers on the network than dishonest attackers. In other words, since the blockchain is based on consensus, we need a system where people are rewarded for being honest and punished for creating false transactions. We also need to slow down block creation so that the whole network has a chance to verify transactions and certify new blocks before the next block is created.

So the puzzle behind proof of work is to get the block’s hash to start with a zero [0...]. Eventually, if I keep adding nonsense characters onto the end of the block, I’ll eventually get a hash that starts with a zero. Once I do, I’ve solved the problem. The little bit of nonsense characters I had to place at the end? That’s the nonce.

a 55% increase in transaction volume in 2017. On the average day, the Bitcoin network processes 310,000 transactions . However, the network isn’t meeting demand. On any given day, there are tens of thousands of transactions that get put on hold waiting for the network to catch up to confirm them. These transactions are on hold because Bitcoin has a limit on its block size. Only so many transactions can fit in one block, so any that don’t fit have to wait. This waiting for confirmation is Bitcoin’s scalability problem, and it’s one that must be solved before the coin will be feasible as an everyday currency.

Ethereum’s blockchain is a list of transactions involving the cryptocurrency Ether, a multitude of other tokens (including those representing CryptoKitties) and other related data, all of which is recorded on Ethereum.

The more I learned about Pierce, the more curious I was about him. He flew around the world promoting crypto in a Gulfstream jet that he had spray painted with Monopoly money and the Bitcoin and Ethereum logos. He had mounted a vanity presidential campaign in 2020 with the singer Akon as his chief strategist. He wore loud hats, vests, and bracelets, like Johnny Depp in Pirates of the Caribbean, and spoke in riddles like Johnny Depp in Charlie and the Chocolate Factory. He had a tattoo of a scorpion on his right shoulder. He was, of course, a regular at Burning Man.

Only smart people understand Bitcoin and Ethereum, and that’s why most of the people in the world don't understand it, thus not involved in it.

The most recent application of bitFlyer empowered clients to purchase, sell and exchange Bitcoin and virtual monetary forms across the trades accessible in Japan. This trade empowers individuals to effortlessly purchase and sell Ethereum, Bitcoin, Litecoin, and other virtual monetary standards with Euros. In a brief period, bitFlyer has gotten one of the confided in trades on the planet. Notice bitFlyer Review survey doesn't end here. In spite of that, bitFlyer is perceived as the most reduced charge trade in the midst of controlled players, which brands it an incalculable and trustworthy choice for each merchant. 1. It awards clients admittance to purchase and sell Bitcoin and top altcoins 2. The trade upholds 5 – 8 well known digital currencies 3. The significant cryptographic forms of money included are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others. 4. It charges a base low expenses in contrast with directed trades 5. bitFlyer offers an extraordinary fiat entryway for new crypto lovers and veteran brokers 6. Users find exceptionally secure trade arrangements, which makes it simple to utilize 7. bitFlyer offers two methods of exchanging – a straightforward interface and for star financial backers, a high level Lightning trade

[...]este tiempo que transitamos también ha planteado la volatilidad de los medios de pago o monedas, encarnados en entes con un valor nominal de mercado tan inquieto como el mar. Bitcoin, Ethereum y otras monedas que jamás conocerán el formato moneda, por irónico que suene, son las representantes económicas de un período donde hasta el dinero puede pasar de valer a no hacerlo.

Platform cryptocurrencies: These cryptocurrencies are designed to get rid of middlemen, create markets, and even launch other cryptocurrencies. Ethereum is one of the biggest cryptos in this category. It provides a backbone for future applications. NEO is another prime example. Such cryptocurrencies are generally considered good long-term investments because they rise in value as more applications are created on their blockchain.

06. Tecnologia Blockchain: Esta é uma tecnologia de “contabilidade descentralizada” que torna possível o Bitcoin, o Stellar (Lumens), o Ethereum e outras centenas de moedas digitais, fornecendo um registro de transações e confirmando quem tem o que a qualquer momento. Sua segurança é garantida pelos sofisticados processos criptográficos. O impacto imediato da tecnologia blockchain pode não ser claro para o olho não tecnológico, mas certamente melhorará os sistemas existentes dentro da sociedade

He took Aeron and most of the C++ developers with him and created a whole new Ethereum client on the more cutting-edge Rust language.

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A smart contract is a secure and unstoppable computer program representing an agreement that is automatically executable and enforceable.

There was also Dfinity, Stellar, Tron, NEO, Steem, Loom, Waves, Tezos, and others, vying to become the dominating decentralized applications platform, or at least the preferred platform for a specific use case. Ethereum developers and fans would scoff at most of them, pointing out how they compromise on security, decentralization, or both to increase throughput.

Vitalik was actively trying to diminish his role in the Ethereum community. He didn’t want to be seen as a larger-than-life, charismatic leader. Instead he wanted to gradually blend into the background and become one of many researchers focusing on proof-of-stake and scaling solutions, so that the network didn’t need him for its survival.

Serenity would allow Ethereum to become “the world computer” as it was meant to be, “not a smart phone from 1999 that can process 15 transactions per second and maybe potentially play snake,” Vitalik said. Serenity will be “even more decentralized than today,” and have “hopefully about 1,000 times higher scalability.” He didn’t set a date for the launch of Serenity, but reassured the assembled that it was “really no longer so far away.

Basta con que la cantidad de usuarios de bitcoin en todo el mundo llegue a ser un cuarto de la población de China para que esta moneda digital alcance a valer 500 mil dólares. La oferta de Bitcoin para 2030 será de unos 20 millones. El precio 2030 del Bitcoin y la cuenta de usuarios totalizan 500.000 dólares y 400 millones, respectivamente. El precio se encuentra en un techo de mercado de 10 billones de dólares y se divide por el suministro fijo de 20 millones de Bitcoin. Por lo tanto, con la mayor participación que se espera de fondos de inversión, se pretende que el usuario promedio tenga invertidos 25 mil dólares en bitcoin (los fondos de inversión harían subir el promedio) y ello llevaría el precio a usd 500 mil. Claro

Like Bitcoin, there is little stopping Ethereum from being an alternative currency to fiat and commodity currencies. You can conceivably trade anything using Ethereum, but this is not Ethereum’s strength in comparison to other cryptocurrencies (CCs) – they can all do this. It’s rather the computing language that allows the smart contracts to exist that makes Ethereum more valuable than BTC (in my opinion).

In essence, the fundamental benefits of investing into Ethereum is the cryptographic nature, it’s anonymity, it’s universality, it’s divisibility, and most specifically, it’s coding language which specifically targets it for automated transactions and contracts. The

Around $300,000 of the total $600,000 that was raised by Augur's funding team comes from a man named Joe Costello. Costello is a successful tech entrepreneur, known to be one of Steve Jobs' top picks for the new CEO position of Apple itself. Following the smart money isn’t always a dumb idea. Gambling or casino are terms never used by Joey Krug, a young Pomona college dropout, but also Augur's lead developer. He and the small team of just five employees use the term “prediction market.” Due

21 millones: la cantidad de unidades nunca podrá exceder los 21 millones de bitcoines. A diferencia de las monedas fiat (emitidas por los estados nacionales) que tienen desborda su emisión, bitcoin tiene límites a su emisión. Sin censura: nadie puede prohibir o censurar transacciones válidas. Código abierto: el código fuente de Bitcoin siempre debe ser accesible para todos. Sin permiso: nadie puede impedir la participación en la red. Seudoanónimo: no se requiere identificación para participar en la red Bitcoin. Permutable: cada unidad es intercambiable. Pagos irreversibles: las transacciones confirmadas no pueden ser modificadas ni eliminadas. La historia es imborrable. -IIId-

Los fondos NO ESTAN en la aplicación, los fondos están en la red de bitcoin registrados de manera distribuida en miles de nodos, no se puede apagar esta red de la misma manera que no se puede "apagar" internet. En tu aplicación (billetera) solo están las "llaves" para utilizar dichos fondos. ADVERTENCIA:

Mineria de bitcoins se le llama a una serie de operaciones complejas de computación que permiten crear nuevos bitcoins. Para decirlo de modo sencillo (porque este no es un libro de tecnología) la minería consiste en una serie de cálculos matemáticos realizados por potentes computadoras orientados a descifrar un código, cuando se descifra el código la red bitcoin paga con bitcoins a quien hizo la operación. En los primeros años de bitcoin, cualquiera podía hacerlo con una computadora de su casa y obtenía una suficiente cantidad de bitcoins como para que sea rentable. Actualmente,

En cada HALVING la emisión –lo que obtienen los mineros con cada éxito de sus operaciones de minería- la emisión se reduce a la mitad. Al reducirse a la mitad la emisión, esto genera un efecto deflacionario muy fuerte que tiende a presionar al bitcoin hacia la suba. El primer halving fue en el año 2012. Entonces el BITCOIN oscilaba alrededor de los 12 dólares o 9 dólares, algunos meses 6 dólares. En el año 2013, un año después de aquello, el BITCOIN llegó a valer más de 1100 dólares (mil cien dólares). Luego, tras la caída de una de las principales páginas de operaciones de bitcoin (MG GOX), llegó a caer hasta el valor de 200 dólares. El segundo halving fue en el año 2016, en Junio. La emisión se redujo otra vez a la mitad. Empezó el año 2016 valiendo alrededor de 400 dólares el bitcoin, pero, con la cercanía del halving, llegó a subir a 700 en Junio de 2016. Ya en Junio de 2017, el valor está en 2200 dólares. Esto demuestra que, otra vez, el halving presionó el valor a la suba. -IIIe-

The purpose of Augur is simple but powerful. It will allow any Ether holder to wager money on any future event of their choosing. If the event doesn’t yet exist, anyone can make an event for people to place their bets on. Software built on “wisdom of the crowds” will set the probabilities, collect the Ether bets, and finally, reward the winnings. Because of the ease in which this can be set up, the price for actually running the show is exceptionally smaller than that compared in the average bookie. Only one percent is going to go to the Ether bookie, which is ten times lower than the average today if you go to Vegas. However,

Augur may be destined to become the web’s answer to gambling prohibition—it will do to the betting man what the silk road did to the drug user—but you'd never know it from talking to the developers of the system.