Message from @Groot

Discord ID: 629828537691537428


2019-10-04 23:44:25 UTC  

Hi @Groot I love your name.

2019-10-04 23:44:52 UTC  

tks @Kitty

2019-10-04 23:46:39 UTC  

So did u understand @ZiggenVox explaination @Kitty?

2019-10-04 23:47:17 UTC  

@Kitty do u want to trust blockchain?

2019-10-04 23:48:08 UTC  

I still wonder what good that (blockchain) will do in the event of an (H)EMP

2019-10-04 23:48:35 UTC  

well the blockchain itself is just a piece of software that every computer running it has a copy of

2019-10-04 23:48:49 UTC  

so you would have to EMP every bitcoin user on the planet at the same time

2019-10-04 23:48:49 UTC  

Right...

2019-10-04 23:48:56 UTC  

its basically indistructable

2019-10-04 23:49:33 UTC  

and we already have many emp shielded devices that would not lose their data

2019-10-04 23:50:09 UTC  

EMP affects hardware.. overloads. So hardware can be repaired .. the blockchain can still be resident on the computer it just can't go anyhere.

2019-10-04 23:50:41 UTC  

Okay, one would still need access to electricity and internet, still seems problematic when shtf situation is in play

2019-10-04 23:50:49 UTC  

until hardware is repaired

2019-10-04 23:51:08 UTC  

well a persons individual access to a network that has the data might be hindered

2019-10-04 23:51:24 UTC  

but as soon as you gain access all you need is your 12 keywords and you can recover all the data

2019-10-04 23:51:55 UTC  

there are already sat networks being put up for bitcoin

2019-10-04 23:52:28 UTC  

it would take an unreasonable amount of effort to take it down

2019-10-04 23:52:59 UTC  

right. the ditributed network is the key to continued operations outside of emp. like cloud or vpn computing. you want to know what computers can mirror the blockchain to revive it.

2019-10-04 23:53:06 UTC  

I joined a blockchain a fee years ago, I can’t get anything out of it. It was One Coin, a person I once looked up to for his business sense had gotten me into it. Now it appears to be locked down as a scam.

2019-10-04 23:53:44 UTC  

well something like 90% of the blockchains are literally just a copy of the exact software used for bitcoin

2019-10-04 23:53:45 UTC  

was it an alt coin or bitcoin?

2019-10-04 23:53:54 UTC  

because bitcoin is totally open source

2019-10-04 23:54:04 UTC  

many people copy it and try to change the rules to get rich

2019-10-04 23:54:08 UTC  

blockchain is open source

2019-10-04 23:54:24 UTC  

some of them claim the rules are changed to make the system usable for some specific purpose

2019-10-04 23:54:40 UTC  

but really bitcoin is the most secure and the most decentralized

2019-10-04 23:54:53 UTC  

many of the changes either make it less secure or more centralized

2019-10-04 23:55:21 UTC  

that is why there are over 2000 alternate cryto coins. Bitcoin is the reserve crypto currency of them all.

2019-10-04 23:55:21 UTC  

but any changes mean they have to create their own chain of blocks

2019-10-04 23:55:37 UTC  

I don’t know enough about it... I know it was started by a “brilliant” woman and was located in Dubai

2019-10-04 23:56:21 UTC  

My skepticism about blockchain is the continuation of mass surveillance and data acquisition. Not like we don’t already have that to some extent now, but sometimes more isn’t better. However I understand the many advantages it offers.

2019-10-04 23:57:00 UTC  

bitcoin is not really intended to be private although you can make exchanges from temporary accounts so you cant be tracked

2019-10-04 23:57:15 UTC  

Right @kreskin1 the blockchain doesn't lose any history, it is just added to.

2019-10-04 23:57:35 UTC  

I can see advantages, but so skeptical because who the beck do you trust? And what are the cons?

2019-10-04 23:57:56 UTC  

Should one get access ..like big bro.....the entire history of transactions may be revealed.

2019-10-04 23:58:14 UTC  

the whole history of transactions is always public

2019-10-04 23:58:32 UTC  

if someone shows you their wallet address you can look up every transaction they have made

2019-10-04 23:58:58 UTC  

Plus I understand that as time goes on fewer coins are produced

2019-10-04 23:59:02 UTC  

but there are already resources that essentially just create 10 temp accounts and shuffle them to hide the transactions

2019-10-04 23:59:16 UTC  

well coins get harder to make

2019-10-04 23:59:29 UTC  

but there is a permanent set amount that can ever be found