We have that already. Its called a database. The incentive to secure the network for a cryptocurrency in an immutable structure is the mining reward.
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Mac App Store App 'Calendar 2' Mines Cryptocurrency by Default, but Feature is Being Removed [Updated]
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We have that already. Its called a database. The incentive to secure the network for a cryptocurrency in an immutable structure is the mining reward.
It may not be Bitcoin, but you've got to be pretty short-sited to think that once they get past this volatile time, there won't be a crypto-currency that begins to replace fiat in a real way.
I can't believe it! This is astonishing...! I'm shocked almost beyond words...
The Mac App Store is still running????
The Mac App Store is still running????
I don’t pretend to know nearly enough about blockchain (yet) to support a more detailed argument, however there are a lot of rumblings in my industry that blockchain could be the next big thing.
An industry, (Architecture/Construction) that is slowly embracing the advantages of technology and BIM (Building Information Modelling) which would benefit from a secure and legally binding way in which to track development and changes in a building design throughout its design and construction. As you can imagine, every change has a cost and depending on the contract value can quickly enter the realms of tens of thousands....
Doesn't that also apply to mining metal to make into coins, or mashing trees to make into bank notes? Or indeed the entire monetary system on which you bought the Mac with which you type?!
Maybe. It could be done on purpose, but it could also easily be a bug. Statements like yours are easy to make since it's almost impossible to prove either way.
Without hard evidence that they're aware and fully approved it you can't just go reporting that's the case. That's horrid journalism and simply a false statement.
I’m quite well aware of how blockchaining works. The issue is that the token doesn’t need to be open to the world. In fact, many applications of block chain are restricting the use of the token generators to selected trusted entities. While it may sound nice to say it’s all federated and all, the reality is that real-world use of blockchain won’t resemble the mining for bitcoin. Bitcoin is an application of blockchain. Bitcoin is not blockchain. That seems to be something that gets mixed up a lot and especially of those who are fans of crypto currencies.
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Look up pokitdok and how they’re implementing blockchain. It uses ethereum but is not currency based, bitcoin based, and it doesn’t use a ledger available to just anyone. This is how blockchaining will look when it grows up.
Man... how much money would running that calendar app have generated them?
Hook me up with a money generating app, I'll buy an iMac Pro and never turn it off.
I await everyone's loving comments about my ignorance!
Hook me up with a money generating app, I'll buy an iMac Pro and never turn it off.
I await everyone's loving comments about my ignorance!
Actually fiat currencies are backed by the entire economy that uses them - which is protected by the military of the government overseeing that economy. The US dollar is as legit as the US military says it is and it is also the default currency for the global oil trade. Crypto currencies have no economy, oil or military backing their value.
How can you create currency by running a paper press (or even more simple to enter some figures in a computer)?
Vs Pay for it all up front Vs Subscriptions Vs Pay per Feature Vs Installment Payments/Financing
What's the problem here? It's all choice for the consumer. We always had choices anyways - we could have paid debit or credit, either paying now with money we received in the past, or paying later with money that we potentially haven't received yet.
And cars have a variety of ways you can own them. You could either pay up front, or you could lease (which is basically just a subscription) or you could finance. You don't complain about those options... what makes these options any worse?
Between the two, I think I'd rather do the mining than the ads.
Incorrect, as Basel has been converted into local laws like in the Netherlands. So over here, you money is asset back-up: very relevant.
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The point is that this currency does not represent anything, is is just made up. As in previous post discussed, money was back-up with gold or silver in the past. Nowadays money is back-up with assets, at least with reliable banks. This whole crypto thing is just fiction of people making money in an easy, making you believe you can do the same. The volatility just represent the inherent risk of this type of currency: extremely high. This is never going to change.
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Money was invented by gold smiths in the past issuing "I-ow-you" papers which were back-up by their gold (hence the gold standard. So it was not just running a press. Economies doing this anyways, like Germany around the 1900 tried this and they faced inflation rates of astronomic proportions. (I actually owned a 1.000.000 Deutsch Mark bill worth absolutely nothing). When money is not back-up properly (just have a look at Lehman Brothers in 2008), the whole financial system collapse. So, monetary economics is just a bit ore then just running a press or hitting a key on your computer. Crypto currency are very dangerous and equal to a pyramid game: just waiting to collapse.
Fiat currencies are backed by the government-- the only entity that can legally print money from nothing, and has more of it than any one else on earth. It is in their interests to maintain order by maintaining the value of the dollar. Bitcoin is backed by nothing and nobody.
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Cryptocurrency is an interesting gimmicky thing. It only has value because the lot of us have decided it does. For me it feels like Beanie Babies. Everyone was buying them and then they lost all their value. Hell some were going on ebay for 50k (stupid princess the bear). But is any of it worth the value we've assigned to it. Sure, if you pay that much for it than it is. It's all a gimmick. What is nice about this one is that the only people making money are the ones with the currency. I don't think the originator of the currency makes money. If they did, that would be an interesting story...
Wrong. By limiting token generators to select trusted entities, you lose the decentralized qualities (more nodes) and the system can still be compromised via a computing power attack.
So the security is lost. Making the application of the blockchain useless.
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What happens when the USD isn’t the default currency for oil trade? What happens when countries start backing their currency by gold and bitcoin?
Mining by default is bad, but generally, CC mining is good alternative to advertisements. But this needs to be customers choice.
Especially on webpages on the desktop I'd rather have webpage mine for 5 mins on my CPU or GPU rather than having 5 gazillion ads on the page -which, ironically, also often consumes ridiculous amounts of CPU power.
Especially on webpages on the desktop I'd rather have webpage mine for 5 mins on my CPU or GPU rather than having 5 gazillion ads on the page -which, ironically, also often consumes ridiculous amounts of CPU power.