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Forum: Soap Box 2021-04-11, 01:19
Replies: 47
Views: 4,025
Posted By storm5510
I read there is a big change coming to Ethereum...

I read there is a big change coming to Ethereum on April 17. I guess it is part of their proof-of-stake changeover. They are all welcome to it.
Forum: Soap Box 2021-04-09, 14:12
Replies: 47
Views: 4,025
Posted By storm5510
What about Bitcoin Core? Anyone running it has...

What about Bitcoin Core? Anyone running it has the entire blockchain, and their receiving address is local on the system where the process runs. There is an encryption option for the wallet as well...
Forum: Soap Box 2021-04-08, 17:51
Replies: 47
Views: 4,025
Posted By storm5510
A correction I want to make on something I wrote...

A correction I want to make on something I wrote above recently: Coinbase, Inc. is going public on the April 14th. Their current holdings are worth $68-billion, and insured, I read. How they store...
Forum: Soap Box 2021-04-07, 16:43
Replies: 47
Views: 4,025
Posted By storm5510
It is the sender which pays the fees. Take an...

It is the sender which pays the fees. Take an exchange, for example. If someone trades other coins for Bitcoins, a fee is charged. If someone does a withdrawal to another location, a fee is charged....
Forum: Soap Box 2021-04-06, 23:26
Replies: 47
Views: 4,025
Posted By storm5510
I see your point. A share of a stock. I have...

I see your point. A share of a stock.

I have s small holding in Coinbase which is in U.S. Dollars. It fluctuates very little. If I move a portion of it to my bank account, is this when it actually...
Forum: Soap Box 2021-04-06, 19:09
Replies: 47
Views: 4,025
Posted By storm5510
Question If this is true, then how is it that so many...

If this is true, then how is it that so many people convert their coins to "currency" which their banks readily accept as money?
Forum: Soap Box 2021-04-05, 15:46
Replies: 47
Views: 4,025
Posted By storm5510
For a very long time, holders of Bitcoin, for...

For a very long time, holders of Bitcoin, for example, had extremely few sources to buy items and services with their coins. Having crypto-only merchants seemed to be the original intent, but failed....
Forum: Soap Box 2021-04-04, 16:17
Replies: 47
Views: 4,025
Posted By storm5510
I agree. To date, mining has been called...

I agree.

To date, mining has been called "proof-of work." There is one coin, called Ethereum, which is in the process of switching to "proof-of-stake." In their case, mining will become...
Forum: Soap Box 2021-04-04, 00:47
Replies: 47
Views: 4,025
Posted By storm5510
I read earlier today that Bitcoin is increasing...

I read earlier today that Bitcoin is increasing its mining difficulty by 6%, I believe it was. Who does this benefit, I wondered? Utility companies, for one. Those using ASIC's for Bitcoin burn more...
Forum: Soap Box 2021-04-02, 17:52
Replies: 47
Views: 4,025
Posted By storm5510
I used to dabble in this and there is one thing I...

I used to dabble in this and there is one thing I noticed right away. The entire system is geared toward the wealthy. I still occasionally look at the latest propaganda.

Recently, there are more...
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