Bitcoin Restriction

ChipArgyle >  As demand increases, the servers will create new Bitcoins Its not true. That's a myth. Every "Bitcoin-server" is running on Open Source software with open code. And every "Bitcoin-server" has hard-wired VERY STRICT restriction on how much there's gonna be Bitcoins.Moreover this restriction is SO PRECISE that I can say exactly how much there will be Bitcoins in the world 10 years from now, how much Bitcoins there will be 20 years from now and so on. See for yourself:https://en.bitcoin.it/wiki/Controlled_supplyYou...

Read More

Blockchain could be used to make stealing anything 100% not interesting.

Robbery is a big problem for many things, that's why such expensive things as cars are registered in government agencies. Throughout the history governments around the world proven, that they can't protect things from being stolen. Robbery still exists. What if I told you that blockchain holds promise for perfect ownership proving & transferring mechanism? What if every bicycle would have encrypted public key manufactured into each detail?...

Read More

You can send your Bitcoins to dead human (if dead human kept his private key in brain)

Basically this is serious topic, I bear in mind 4 goals - 1) I've heard about traditions where people are giving people some gold, some cash after someone is passed away. Does that virtually could become valid tradition once cash is replaced? 2) How about ethics? On the one hand its the common process (just burning Bitcoins the way its done in OpenBazaar), but on the other hand - what's gonna happen if a lots of cultures will adopt this? Can we statistically run out of Bitcoins if every person on the earth will take their Bitcoins to the heaven?!...

Read More