Bitcoin, with its appearance, brought a global modernization of the economy. But at present, modernization remains incomplete. The creation of many blockchain projects gives complete freedom to both developers and entrepreneurs. But unfortunately, almost all entrepreneurs consider cryptocurrency as a means of investing, and not completely modernizing their own business processes. Also, smart contracts are not fully used. Is it possible to develop a business, as well as a new round in the life of cryptocurrencies with the implementation of the function of mining altoins on the blockchains of Ethereum, Tron, Solana or Tezos? Currently, mining can be considered not only as a function of maintaining the viability of the blockchain. Mining can only be based on commercial purposes. It can be considered as mining for carrying out any actions, or for providing any information (for example, checks). In fact, each entrepreneur can adapt the extraction of issued coins to his own business needs. Which will lead to an increase in demand for altcoins existing not on native blockchains. The demand for altcoins (like any other cryptocurrencies) favors the development of the critical currency industry as a whole. Which blockchain, at the moment, is the most suitable for the implementation of mining on smart contracts? And when will the boom of altcoins mining come?
[wrong] <- sorry I use this tag when I don't know what I'm talking about and may be in a strange state of consciousness.
Hey that sounds so off-the-wall that most people would likely dismiss it, but one chain could totally have mechanics providing for mining another one, theoretically. I'm not up-to-speed on all the altcoin families out there; I know a handful of old ones. As I mentioned earlier you could try to mine plotting coins like chia or expensive storage coins like sia with cheaper storage chains like filecoin, dunno how feasible that would be. Obviously anything like this is temporary, it's just market making, but it sits there available until somebody does it. Many chains are proof-of-stake, meaning mining is the equivalent of holding coins. Hence a trading bot for any of these, such as on an ethereum dex, could be thought of as similar to mining if it accumulates profit. Some chains have AI components that can learn and predict things. It might distantly be possible to break apart some of the mining algorithms involved, and use other chains to find ways to speed mining up, dunno. The biggest return for the idea of mining one chain on another, aside from storage or other basic arbitrage, could be to create a chain that incentivises parts of the mining process of another. For example if there is some kind of ASIC design challenge needed to mine bitcoin, you could make a blockchain that mines by solving that specific challenge better and better, and that blockchain would then hasten mining technology for bitcoin. Why are ya asking? I don't know why using cryptocurrency would not be considered modern. Seems like it's newer than fiat.
Rereading, I think you might actually be talking about the use of blockchains for real work. Sorry for misinterpreting. Sounds helpful to do that. Which chains have workable smart contract systems? I hear ethereum is too expensive for a lot of tasks.
Rereading, I think you might actually be talking about the use of blockchains for real work. Sorry for misinterpreting. Sounds helpful to do that. Which chains have workable smart contract systems? I hear ethereum is too expensive for a lot of tasks.
Mining of altcoins that do not have their own blockchain can be implemented in several ways. You can do a sharding, something like a lightning network. But it all depends on what the production of altcoins and their cost will be built on.
On Thu, Jun 3, 2021, 11:46 PM <JohnWilliamJohnson@secmail.pro> wrote:
Rereading, I think you might actually be talking about the use of blockchains for real work. Sorry for misinterpreting. Sounds helpful to do that. Which chains have workable smart contract systems? I hear ethereum is too expensive for a lot of tasks.
Mining of altcoins that do not have their own blockchain can be implemented in several ways. You can do a sharding, something like a lightning network. But it all depends on what the production of altcoins and their cost will be built on.
How does this differ from in-chain tokens like erc-20? https://ethereum.org/en/developers/docs/standards/tokens/erc-20/ ERC-20 tokens are pretty popular and have a big exchange economy already.
On Thu, Jun 3, 2021, 11:46 PM <JohnWilliamJohnson@secmail.pro> wrote:
How does this differ from in-chain tokens like erc-20? https://ethereum.org/en/developers/docs/standards/tokens/erc-20/
ERC-20 tokens are pretty popular and have a big exchange economy already.
Yes, of course, it can be implemented on the ERC-20 tokens (I mean such altcoins). But it is necessary to take into account the moment the accrual of the mining awards, as it will be necessary to pay the commission. For example, the output to the overall blockchain can be done deferred and possible when accumulating a certain amount (this is one of the solutions). This solution can be implemented and using smartphones. It is strange that it is still not realized. Does the business do not have the concept of the general structure of the digital economy or have attempted?
On Sat, Jun 5, 2021, 1:35 AM <JohnWilliamJohnson@secmail.pro> wrote:
On Thu, Jun 3, 2021, 11:46 PM <JohnWilliamJohnson@secmail.pro> wrote:
How does this differ from in-chain tokens like erc-20? https://ethereum.org/en/developers/docs/standards/tokens/erc-20/
ERC-20 tokens are pretty popular and have a big exchange economy already.
Yes, of course, it can be implemented on the ERC-20 tokens (I mean such altcoins). But it is necessary to take into account the moment the accrual of the mining awards, as it will be necessary to pay the commission. For example, the output to the overall blockchain can be done deferred and possible when accumulating a certain amount (this is one of the solutions). This solution can be implemented and using smartphones. It is strange that it is still not realized. Does the business do not have the concept of the general structure of the digital economy or have attempted?
Do you mean sidechains or tokens that have their own mining rewards or their own economic algorithm, or do you mean opportunities to mine one chain using a smart contract on another? You can see all sorts of developments and opportunities at https://gitcoin.co/ .
On Thu, 3 Jun 2021 12:59:13 -0700 JohnWilliamJohnson@secmail.pro wrote:
Bitcoin, with its appearance, brought a global modernization of the economy.
that's technofascist bullshit. So far bitcoin and the rest of 'cryptocurrencies' have provided little to no value to people who care about freedom. Rather, all the 'blockchain' bullshit is enabling more surveillance than ever.
On Thu, Jun 3, 2021, 4:46 PM Punk-BatSoup-Stasi 2.0 <punks@tfwno.gf> wrote:
On Thu, 3 Jun 2021 12:59:13 -0700 JohnWilliamJohnson@secmail.pro wrote:
Bitcoin, with its appearance, brought a global modernization of the economy.
that's technofascist bullshit.
Punk says to this to everything, obviously. Bitcoin was a step but I think everybody's still trying to figure things out.
On Thu, 3 Jun 2021 16:50:45 -0400 Karl <gmkarl@gmail.com> wrote:
On Thu, Jun 3, 2021, 4:46 PM Punk-BatSoup-Stasi 2.0 <punks@tfwno.gf> wrote:
On Thu, 3 Jun 2021 12:59:13 -0700 JohnWilliamJohnson@secmail.pro wrote:
Bitcoin, with its appearance, brought a global modernization of the economy.
that's technofascist bullshit.
Punk says to this to everything, obviously.
I said that to every technofascist vomit on this list, including yours. And by the way, go play crazy somehwere else.
that's technofascist bullshit.
Punk says to this to everything, obviously.
I said that to every technofascist vomit on this list, including yours. And by the way, go play crazy somehwere else.
I guess I don't know how to distinguish between "technofascist" and "cryptography" , since modern cryptography requires technological infrastructure. Sorry if I have upset you. It's not a play, but casting it as such can help me control myself a little.
On Thu, Jun 3, 2021, 7:35 PM Karl <gmkarl@gmail.com> wrote:
that's technofascist bullshit.
Punk says to this to everything, obviously.
I said that to every technofascist vomit on this list, including yours. And by the way, go play crazy somehwere else.
I guess I don't know how to distinguish between "technofascist" and "cryptography" , since modern cryptography requires technological infrastructure.
Sorry if I have upset you. It's not a play, but casting it as such can help me control myself a little.
I felt sad reading what you said. Not saying that is wholly bad.
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Punk-BatSoup-Stasi 2.0