Blue Star Capital Share Discussion Threads

[doodlebug4] 26/7/2017 09:27

Interesting hazl, Bitcoin are trying to find a process which will speed up transactions. One of the reasons SatoshiPay decided to move to IOTA was that Bitcoin transactions were taking too long.

[tilly99] 26/7/2017 09:25

Just a suggestion!!

[tilly99] 26/7/2017 09:25

DoodleMaybe u can bore us with every print that goes thru??

[doodlebug4] 26/7/2017 09:19

Tilly, perhaps you could start your own thread about yourself - a minute by minute blog about YOU instead of BLU. Just a suggestion.

[doodlebug4] 26/7/2017 09:00

Some buyer was building a stake in 1million tranches yesterday, I wonder if he/she will be back for more today?

[hazl] 26/7/2017 08:48

You tell me Tilly.

[sixpintsid] 26/7/2017 08:45

Cybernest, thank you for your response.

Yes I understand that you can now top up your wallet with Satoshi's by using paypal now rather tha just Bitcoin. What I was alluding to was that if we adopted IOTA as the currency / token rather than Satoshi's or Satoshi's were "pegged" against IOTA then you would effectively be topping up your wallet with IOTA being purchased though paypal.

Probably still have the wrong end of the stick though

Sid

[tilly99] 26/7/2017 08:38

HazlAm I a deramper?Have I any aliases?

[hazl] 26/7/2017 07:41

Cybernest,exactly and as people here know it was the Paypal connection that first drew me in.
I think there is nothing wrong with blockchain in fact it seems he way the future is going.

Talking of subtle I imagine that the 'derampers' are likely working upto the 27th and who knows as they change their names we could even get IClaudius!
The thing that is far more important to my mind is the August test results as mentioned above by sid and cybernest and the fork that has been discussed on currencies that are in the cryptocurrency range.

IMO

[cybernest53] 26/7/2017 01:03

Hi Sid... the crucial point about IOTA is that it is "a ground breaking new open-source distributed ledger that does not use a blockchain." : hxxps://iotasupport.com/whatisiota.shtml


IOTA Foundation and SatoshiPay agreed to work on a proof-of-concept project supported by the IOTA Ecosystem Fund, combining SatoshiPay’s frictionless content payment interface with IOTA’s scalable ledger technology.
The results of the joint proof-of-concept are expected to be presented in August 2017.

Until these results are known your speculations or mine (or anyone else's), are not even academic! :) However, as I understand it, the partnership means that each will go on to use each other's systems, as explained in the press release here: hxxps://medium.com/@SatoshiPay/satoshipay-phases-out-bitcoin-partners-with-iota-foundation-b7927b76a63d

By the way, SatoshiPay already uses PayPal as one of the means their users can top up their SatoshiPay wallets... not the other way round... a subtle point of difference.

As for IOTA, users can now buy IOTA at Bitfinex: hxxps://iotasupport.com/buyingiotaotc.shtml

Hope that helps!

[sixpintsid] 25/7/2017 22:21

Are there any thoughts on the developments going on at present?

1. Are they changing the structure of Satoshis to a Tangle ledger rather than a blockchain ledger therefore satoshis become a currency similar to IOTA

or

2. Are they looking to replace Satoshis with IOTA

or

3. ????

If its 2 then you maybe soon be able to by IOTA with paypal


Sid

[tilly99] 25/7/2017 21:33

Yup no money left But have a lovely family xxx

[killer bee] 25/7/2017 20:24

Hi Tilly

MA and others said, you do not not have any money therefore can't make any money.

They said you are bankrupt again.


What a crazy shs. Still learning from the likes of Hazl.

[tilly99] 25/7/2017 19:36

Yes killer beeI'm so sad I can't make moneyGiving up : (

[killer bee] 25/7/2017 19:13

Is it true Tilly sold his share at 0.3p and bought back 0.5p?

Bad timing.

[errollc] 25/7/2017 16:55

Article about bitcoin and other crypto currencies' increasing acceptance in art market

[apfindley] 25/7/2017 16:27

LolTilly why have you now logged in As killer bee.

[doodlebug4] 25/7/2017 16:26

Buying at full asking price now - 0.4

[doodlebug4] 25/7/2017 15:45

Cryptography IOTA - What you need to know about the promising Bitcoin competitors
IOTA-Token: crypt-diet IOTA - What you need to know about the promising Bitcoin-competitors News | finanzen.netIOTA-TOKEN

With the IOTA token, there is now a flexible type of crypto gel for machines. This so-called Altcoin, according to its inventors, could soon compete with Bitcoin. But what advantages does the new crypto-taler bring?

The IOTA crypt diet was developed and launched by the three founders Dominik Schiener, Serguei Popov and David Sønstebø in 2014. The three developers created a currency that was to be "the backbone of an autonomous economy of machines". Here, the crypt diet operates in a kind of machine economy, in which the most diverse technical devices can pay each other.

The creators of the Crypto-Talers see the necessity of their currency for the future of various economic processes. According to the founders, the internet of things needs an autonomous payment system with a suitable means of payment. The IOTA token should now fulfill all these properties. However, in order to understand exactly what this means, it is necessary to look more closely at the function and construction of the IOTA.
Machine paid machine

By means of ever-advancing digital networking, all machines of an industrial production chain are also to be interconnected in the future. The electric lawn mower with the cloud sensor, the car with the car park and, of course, the alarm clock with the coffee machine. Such M2M machine-to-machine relationships will continue to evolve in the future until one day money comes into play. In this way, the most varied machines could pay each other for their services rendered. The solar system could then buy data from a weather station, for example, in order to optimally align itself, or the domestic refrigerator goes to online shopping, if the milk supply is at an end. That machines themselves keep their money, in order to buy different services or goods, sounds from today's point of view still very surreal. But according to the founders of the IOTA, these processes offer enormous possibilities. For example, machines which do not have their own owners can also contact other technical equipment in order to do business.
Blockchain without block - advantage to Bitcoin

In order to obtain a fast and arbitrarily scalable currency, Bitcoin's original blockchain was replaced by a so-called "Tangle Ledger". According to this, there are no miners and blocks in IOTA, but only transactions. Founder Dominik Schiener explains the procedure as follows: "The transactions are interrelated, and everyone who submits a transaction takes part in the consensus. When you create a new transaction, you must verify two previous transactions." Such a method differs fundamentally from bitcoin mining. "If you look at a blockchain today, this is a single chronological string that sets block to block, which has limitations, such as the 10 minute interval at Bitcoin, what IOTA does now is that it uses a lot of strands instead of a string. " Through such a process, it is possible to continue the verified transactions endlessly. By virtue of this, in principle, infinite scalability, the IOTA has a considerable advantage over the bitcoin. If there are billions of machines that interact, communicate and exchange data in the near future, a flexible payment system is needed that can quickly and easily implement transactions in such an M2M market.

25 July 2017

[doodlebug4] 25/7/2017 15:37

For those of you into all the IOTA technical details this might be interesting:

[hazl] 25/7/2017 15:26

Methinks somebody protests too much.