byteball, raiblocks and some other DAG coins. there are also proof-of-stake coins that still require some sort of mining, but it doesn’t calcualte arbitrary hashes to prove the work.
Blockchain can automate a lot of administrative and management jobs. It can make Wall Street bankers jobless. But it can’t do physical work. But robotic technology can handle that.
How do you reduce the social security office? The payments are already automated. Employers already electronically send W-2 info to the government. That’s how they automatically know if you report your W-2 earnings correctly. Brokerages already electronically send their data to the government. That’s how they’ll know if you don’t report profits of a stock sale.
I’m going to learn some blockchain to see if it’s very valuable. It’s just one piece of the tech puzzle. But it could have some surprising impact I can’t even think of now
Not true. The reality is you can either have something fast, and irreversible, or go with the more trusted but slow approach: Escrows. There are ways to lock a transaction (wallet if you will) with M of the N keys approach. meaning you need only M keys out of N keys to unlock the transaction. You can use similar mechanism to implement nuclear codes (as an analogy), where you need 3 different people to approve launch, out of 5 possible people (two of which might have died).
For public blockchain ones, yes. All of the transactions are visible.
For things like monero, it’s on demand. You can ask me (for example subpoena or for IRS tax forms) my view key to view where the money is coming from and how much. You can, however, decide to hide everything.
Not sure what you mean.
If you can find them. For public blockchain, there’s a possibility as they will need to cashout and exchanges are government regulated (to an extend), but still possible.
For lost keys scenario 2 out of 3 key system would probably work.
For things like monero, no.Once it’s in the system, you cannot do anything. Which is also the good part. Government probably shouldn’t be able to seize your money if you obtained it with legal means (selling good), but the buyer used stolen/fraud money, for example.
The value is a relative term, right? All of them are overvalued for sure.
BCH solves a problem BTC sucks - low fees, and transaction speed.
BTC still goes with fundamentals, and presumably takes slow but long-term-better approach.
Ether has actually more potential, due to a strong leader, and a strong community. Ethereum is a platform for many other things with smart contracts.
My friend claims he’s making $700/day lending currency on the Davor platform. You have to agree to almost a year holding period. It’ll be interesting when the holding period ends. Then we’ll see how much Davor is worth, and what he really made. It works as long as the Davor coin keeps increasing in price. If it crashes, then he’ll collect a bunch of worthless coins as interest and his principal will be worth a lot less.