“You need to look at the growth of the Ethereum network via the growth of its nodes, sitting at 5,100 versus bitcoin’s about 6,000 roughly. That’s quite significant and shows the stability and global nature of the Ethereum network,” commented Mougayar.
“Homestead’s arrival will begin to demonstrate the next generation of blockchain technology, whereby anything we can dream of, can be accomplished in a decentralized manner using Ethereum.”
In Germany the startup called Slock is working with RWE on a project to use Ethereum for car charging uses.
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Bitcoin is a private currency, that isn’t issued by any central bank nor guaranteed by any institution. It is electronically transferrable in a practically instant way, utilising a cryptographic security protocol. It is based on a completely decentralized network: the transactions don’t require a middleman, cannot be censored, don’t have any kind of geographical or amount restriction, and are possible 24 hours a day every day and are substantially free.
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In a recently translated piece by the Deutsche bank, originally written by Thomas F. Dapp and Alexander Karollus, the German bank discussed how banks in general might be able to benefit from p2p networks like Bitcoin. The authors specifically mention a hypothetical future scenario where banks might assume new tasks that still play on banks’ perceived trustworthiness – “e.g. as custodians of cryptographic keys.” Other existing centralized services might have to adapt to serve other roles in the coming decentralized world. Don’t be surprised if someday soon Bloomberg to self-proclaim themselves as an oracle? They went on to note that the politics of Bitcoin would eventually lead to a head with regulators, law enforcement, etc. However, in the face of this new technology and potential regulatory backlash, Deutsche bank still wants to push forward… Because the concept of a blockchain really is that compelling, and the banks are finally starting to get it. Dapp and Karollus wrote:“Traditional banks should not rely on the regulator now, though, but instead actively experiment with the new technologies in their labs and collaborate without prejudice in order to create their own digital ecosystem in the medium run.”
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The Gosbank controlled the currency markets using what it came to be known as the “control by the ruble” |
“The
experience of the last fifty years has taught most people the
importance of a stable monetary system. Compared with the preceding
century, this period has been one of great monetary disturbances.
Governments have assumed a much more active part in controlling money,
and this has been as much a cause as a consequence of instability. It is
only natural, therefore, that some people should feel it would be
better if governments were deprived of their control over monetary
policy. Why, it is sometimes asked, should we not rely on the
spontaneous forces of the market to supply whatever is needed for a
satisfactory medium of exchange as we do in most other respects?It
is important to be clear at the outset that this is not only
politically impracticable today but would probably be undesirable if it
were possible. Perhaps, if governments had never interfered, a kind of
monetary arrangement might have evolved which would not have required
deliberate control; in particular, if men had not come extensively to
use credit instruments as money or close substitutes for money, we might
have been able to rely on a self-regulating mechanism. This choice,
however, is now closed to us. We know of no substantially different
alternatives to the credit institutions on which the organization of
modern business has come largely to rely; and historical developments
have created conditions in which the existence of these institutions
makes necessary some degree of deliberate control of the interacting
money and credit systems (my emphasis). Moreover, other circumstances
which we certainly could not hope to change by merely altering our
monetary arrangements make it, for the time being, inevitable that this
control should be largely exercised by governments”
Governments have assumed a much more active part in controlling money, and this has been as much a cause as a consequence of instability F.A. Hayek |
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User river333 from PeercoinTalk is ready to start giving out tips for spreading Peercoin on Pi! |
Here’s how to get the 10 PPC tip!
1. Follow Tea42’s guide on how to set up Peercoin on your Raspberry Pi. A full node is required to receive the tip, so be sure to complete the part of the guide entitled “Contribute to the Peercoin network” in part 2, which shows you how to allow port forwarding.
2. Post in this thread with a photo of your Pi, and also a photo of your Pi screen.
The following should be visible in the photo of your Pi’s screen:
A: A window showing your Raspberry Pi serial number.
B: The Peercoin Qt wallet with the green checkmark in the lower right hand corner indicating that the RPi is now a currently synced Peercoin node.
The “Receive coins” tab should be clicked so your wallet address to receive coins is visible.
C: The Peercoin Qt debug window open showing the command “getconnectioncount” having been typed in at the bottom and the window showing a number greater than 8.
3. Paste your PPC address into your forum post. This should match the one visible in the photo of your Pi’s screen.
If you follow the above instructions correctly, you will receive your tip!
A big thank you to NewMoneyEra for donating the PPC that will be used for tipping.
FAQsWhat is a Raspberry Pi?A Raspberry Pi is a low cost, credit-card sized computer that can be plugged into a monitor/tv, and a standard keyboard and mouse (https://www.raspberrypi.org/help/what-is-a-raspberry-pi/). It is used in programming education and also has a wide variety of other uses. Its low energy consumption makes it perfect for running a Peercoin node.
What model of Raspberry Pi should I buy?
Model B is the most used at the moment. I’ve read that the new model has the same hardware, and only the form is different, but I have no experience
with it. As for an SD card, it’s best to buy a class 10 or better, that is 10MB/s minimum write speed. Don’t get fooled by the read speed they mention on the packaging, that is always much higher. https://en.wikipedia.org/wiki/Secure_Digital#Speed_class_rating
A case is not necessary but recommended because it protects against stuff falling on your pi, small coffee spills etc
I have a pi I ordered for playing round with and remember you will need a power supply to for it, that and the SD card u need to buy, its a micro usb charger same as many android phones or tablets so u can use one of those if it gives a high enough voltage. I just remember when I ordered mine the wait on charges was 3 weeks longer than the 5 weeks for the pi, but I hope they more readily available now.
What is the purpose of this project? The purpose of this project is to encourage the use of Peercoin on Raspberry Pi, while also increasing the number of full nodes on the network. A connection count of more than 8 indicates that port forwarding is enabled and that you are running a full node. Minting is beyond the scope of this project. Can I mint on my Raspberry Pi too?
Yes, you can. However, for the moment it is advisable not to mint on a full node (i.e. with port forwarding) until more research has been done. You can find out more about this here and here if you are interested.
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