Block chain != crypto currency.This statement shows a fundamental misunderstanding. For you to say blockchain will succeed and cryptocurrencies won’t is quite silly.
In order for a blockchain to function, a token must be rewarded to miners, this is the incentive for miners to propagate and hash-secure previous blocks. Without the token/currency - there is no incentive to use electricity or computing power toward securing the database. And that what blockchain is, a hash secured database.
I could agree that 99% of cryptocurrencies will disappear, but Bitcoin is here to stay.
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Um no. Immutability is not a waste of energy. Christmas lights are a waste of energy.
Also most likely the program isn’t mining bitcoin, for the hashpower required for mining bitcoin is far greater than any GPU could provide, which is why bitcoin miners use ASIC’s (Application Specific Integrated Circuit) instead of GPU’s. Most likely it’s mining another cryptocurrency that isn’t bitcoin.
Block chain != crypto currency.
Interesting approach, I have to say. I don't see how this is any different that advertising supported features-- trading your resources for their product. Crypto-mining is more resource intensive, while ads are a combination of resources, time, and screen real-estate.
There two stories here:
- One is that there was a bug in the app similar to earlier bugs that didn't turn ads off after an IAP, to the best of my knowledge Apple hasn't pulled buggy apps like this in the past.
- The other is that app makers now see crypto-mining as a form of reimbursement for IAPs. The delay in pulling the app probably has more to do with this than the bug causing resource use. Apple needs a policy on this, and that will almost certainly take more than 24 hours to formulate.
To those complaining about how wasteful cryptocurrency mining is, I agree-- but some of us feel the same about advertising and entire apps such as Facebook and Instagram. Being a waste of resources hasn't been a reason to block apps in the past.
But in order for a block chain to exist, you need a token. You cannot separate the ‘currency’. When will you people get it?
Doesn't make sense why Apple hasn't removed it already.
I hope this isn't a foreshadowing of more trouble coming to the MAS.Eddy is too busy yukking it up in Austin. He'll look into next week when he returns to the spaceship.
You have to reward the nodes for storing and verifying the information and provide an incentive for them to not try screwing things up. I can't think of a way to do that without it being a currency and without it being centralized somewhere. But I've also forgotten for the 10th time some of the details on how this works, so someone oughtta prove me wrong if I'm wrong.Simply put, a blockchain is just a distributed ledger. You can record data in a “block” and it can’t be changed later on.
While the most common use of a blockchain is currency, that doesn’t mean it’s the only thing it can be used for. You could use a blockchain to keep track of any type of data/transaction you choose.
I think the assumption is Apple approved the app with the updated cryptocurrency feature. Now, if they didn't approve it, that says something else altogether about the security of the app store.Article claims Apple left the app despite knowing and then provides zero evidence they know about it.
Simply put, a blockchain is just a distributed ledger. You can record data in a “block” and it can’t be changed later on.
While the most common use of a blockchain is currency, that doesn’t mean it’s the only thing it can be used for.
Actually, that’s called a database. A hash secured database is a blockchain. Each block is secured by a hash and cross references the hash from the previous block. This is why it’s called blockchain - because it’s a link of hashed blocks (or ledgers). In order to hash blocks you need computing power. For that you need equipment and electricity.You could use a blockchain to keep track of any type of data/transaction you choose.
Nodes listen and verify new transactions to send to miners (to be put into blocks). Miners are the ones receiving the incentives (block rewards and mining fees)You have to reward the nodes for storing and verifying the information and provide an incentive for them to not try screwing things up. I can't think of a way to do that without it being a currency and without it being centralized somewhere. But I've also forgotten for the 10th time some of the details on how this works, so someone oughtta prove me wrong if I'm wrong.
Article claims Apple left the app despite knowing and then provides zero evidence they know about it.
Actually, that’s called a database. A hash secured database is a blockchain. Each block is secured by a hash and cross references the hash from the previous block. This is why it’s called blockchain - because it’s a link of hashed blocks (or ledgers). In order to hash blocks you need computing power. For that you need equipment and electricity.
The point of a distributed ledger is that there are multiple (hopefully thousands of) computer systems verifying and recording each transaction. In the case of Bitcoin these are the miners, who are rewarded for maintaining the records by being given blocks of Bitcoin. Then there are nodes, which enforce consensus rules on the network and send transactions to miners to be propagated.
The security of the ledger/blockchain depends on the amount of computing power, and node count.
With new blockchains, that have low computing power, they are much easily to be compromised with a brute force computer attack. And blockchains with low node count run the risk of the entire system being shutdown/censored. What good is a blockchain if it can’t store records?
Blockchain is having a record that is distributed and immutable (meaning it cannot be altered or deleted). In order to do that, a token is necessary. Without it, it’s just a database like we’ve had for years.
I encourage you to dig deeper, bitcoin is fascinating.
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Nodes listen and verify new transactions to send to miners (to be put into blocks). Miners are the ones receiving the incentives (block rewards and mining fees)
You can separate the currency from blockchain. But then the advantages of it being a blockchain are lost.None of what you said counters what I said.
You previously said you can't separate the currency from the token. This is patently false. You can have a blockchain without currency.
You mean they should give you their software for free? This isn't a charity.
You can separate the currency from blockchain. But then the advantages of it being a blockchain are lost.
At that point there is zero advantages, or difference, between a blockchain without a currency and a regular database.
Which is why it’s silly when someone sees value in blockchain without cryptocurrency.
Apple has pulled the app until the developer promises to pay 30% of the coins mined to Apple.
So do many websites and casual games.A Mac App Store app called Calendar 2 has been mining a digital coin known as Monero using customers' machines...
We have decided to REMOVE the miner in the app. The next version will remove the option to get free features via mining. This is for three reasons:
1) The company which provided us the miner library did not disclose its source code, and it would take too long for them to fix the root cause of the CPU issue.
2) The rollout had a perfect storm of bugs which made it seem like our company *wanted* to mine crypto-currency without people's permission, and that goes against our whole ethos and vision for Qbix.
3) My own personal feeling that Proof of Work has a dangerous set of incentives which can lead to electricity waste on a global scale we've never seen before. We don't want to get sucked into this set of incentives, and hopefully our decision to ultimately remove the miner will set some sort of precedent for other apps as well.
Isn't that what most everything is? I give up my life to put money in the pocket of my boss and hopefully myself as well. My boss could very well make enough money that it requires burning down a forest to print his paycheck. He can certainly say he is richer than me.Bitcoin mining is a plague. Such a wasteful wasteful wasteful use of resources to create what only amounts to an agreement between people.
I must disagree with you, sort of. Blockchain may be the next big thing in technology; like the wheel.You can separate the currency from blockchain. But then the advantages of it being a blockchain are lost.
At that point there is zero advantages, or difference, between a blockchain without a currency and a regular database.
Which is why it’s silly when someone sees value in blockchain without cryptocurrency.
I must disagree with you, sort of. Blockchain may be the next big thing in technology; like the wheel.
I can think of amazing uses for it that have nothing to do with currency that would benefit society as a whole.
I do agree that currency is the path to global acceptance, but not the end game of the technology.