Ok i got really confused with this news. Graphene is the technology that was first used by Bistahes 2.0 and also STEEM has it.
Now Gavin Andresen one of top guys in Bitcoin Foundation presented Graphene - way of compressing blockchain information to keep it smaller and allow older computers to run full nodes.
So now if this goes live there may be some misconceptions of whats Graphene that will confuse new users getting into BTS even more. For example people currently invest in ICOs for decentralized exchanges (one raised 48 million USD) while this technology is already here - Bitshares DEX.
BTS Markets
YOYOW ICO was on BTS DEX and now its ruling in volume. So yes, on this exchange you can even do ICOs or trade CNY fiat money and USD. Try it, you will be amazed.
Openledger Volumes
Notice that STEEM is in top10 of traded currencies :)
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Yet another piece of evidence that shows Andresen's poor character / integrity. I found the PDF you used above and confirmed it did NOT give credit to BitShares, Cryptonomex or Daniel Larimer. It is a clear case of Andresen trying to hijack the Graphene name and take advantage of it without even mentioning BitShares Graphene technology. Cryptonomex didn't trade mark or otherwise protect the name from such despicable attempts to hijack that name for use within blockchain projects, so nothing illegal was done here to the best of my knowledge.
Although the word 'graphene' wasn't invented for use in computer science or blockchain projects, it was not used to claim another's work in any way, unlike Andresen. Larimer's use of the word Graphene to describe his blockchain design was a first in the digital currency space. The "violation" if you can call it that is the total lack of credit Andresen provides to Larimer, and the obvious hijacking of the term in an effort to rewrite history.
However, to claim Graphene as the title for his work without regard to its' use in BitShares reflects very badly on him and the College of Information and Computer Sciences, UMass Amherst IMO that didn't even do the most basic research that would show this conflict.
Very true. The Bitcoin community is pretty much the USSA of blockchain/crypto-sphere. They are entitled and act like they are better than everyone despite being a mediocre coin compared to the competition. Just admitting that a small market cap coin has some really great technology would hurt a lot of pompous egos. Since Bitcoin is known by almost everybody they might be thinking that they are doing Bitshares a service by using Graphene as it gives more exposure to this great technology.
There is no point in sticking around a project that has completely given up on being P2P digital currency. Plus who needs Lightning network with the block time of Bitshares or InstantSend of Dash and PIVX. I really want to see Amazon accept BTC. The fees would skyrocket and confirmations will take weeks. Then we could show the world what real cryptocurrencies can do.
bitcoin foundation is not the same as bitcoin core through
Yes. But they both show similar negative qualities.
Can't agree more!
uh buy. lets hope bitcoin somehow survives all the bs and become what it's supposed to be. its human who claim it theirs, that create these disruptions. so the community has to defeat the power of the few. even here i guess?!
Always a good idea to cite sources so people can see the lineage of knowledge creation. To just pull it out of the Ether or mining pool or whatever is unfair. Dan Larimer whether people like him or not, has contributed more to the blockchain space technically than anyone not named Satoshi Nakamoto. This is not even debatable, as you can just look at Github, Bitcointalk, Bitsharestalk, etc.
Surprising to see this from Gavin as Gavin I thought carried himself with integrity.
This is an unuseful coin...
Is it possible he has not heard of Bitshares Graphene? I am sure he has heard of bitshares, but if he has no interest in bitshares he would probably know nothing about graphene since graphene isn't in the name.
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This is pretty distressing; wish Andresen had named it differently.
BitShares/Steem's Graphene came first and in our minds is the true Graphene. As @full-steem-ahead said it seems Andresen is simply making an attempt at stealing the 'Graphene' name...
he not part of bitcoin core but still did cheat
Bitcoin is playing catch up to many other blockchains in terms of some of the abilities it has. However, since it is the big cheese, it is afforded the time to play catchup.
That is why many are calling for the demise of BTC since there are other blockchains that have more features are pre-mature. Bitcoin will be able to correct a lot of that with time.
A project is driven by it's community and the BTC community isn't the best in blockchain. It's more like the USSA of the crypto-sphere. BTC have a history of hostility toward protocol level upgrades. They debated for 2 years about a simple block size increase (while Dash handled it all in a matter of days.)
I don't think BTC will ever catch up. It's like expecting United States to become like Singapore/Switzerland/Estonia. Theoretically possible; but won't happen.
Btc has too many politics. It easier with a smaller community to decide matters. But the forks are a good thing. That way more like minded people are able to make decisions. Bitcoin cash= got rid of bitcoin unlimited
Bitcoin gold= got rid of some antiasics people
Segwit2x(if it get the btc name the rate its going it has now a 50% chance) will get rid of mb blocks and segwit supports
bitcoin core= get segwit updates
It not the best but the forks are good for bitcoin as long it has a good enough reason
We don't need smaller communities. We need governance models. Dash started this with masternodes. Bitshares, steemit and upcoming EOS will have DPoS. PIVX and many other cryptos also have governance models to make decisions.
I agree that the forks had many positive effects. Personally I support BCH and nothing else. BCH is simple good old Bitcoin with proven scalability. It just increased the block size after a great long struggle and we again have a fast and cheap Bitcoin.
But the main point here is that with the block time of Bitshares and InstantSend of Dash and PIVX the future roadmap with things like lightning networks is nothing but an unnecessary joke. I mean why the hell do you need some off chain thingy when you can have Tx under 2 seconds at ultra low fees at the protocol level?
Implementing governance into Bitcoin is like changing tires of a moving car. It's not impossible in absolute terms; but not a good plan. That's why I consider Bitcoin as the Minimum Viable Product/Prototype of blockchain.
I personally like segwit and bigger blocks. I saw a coin with a 10mb block and segwit. Segwit is like improving transaction by bring back the idea that all bitcoin are bitcoins. Segwit improves transactions by making the load lighter aka segwit and Schnorr signatures and then go to the main blockchain. With a bigger block as well transaction are fast.
In cauda venenum
That’s the thing with open source code. If it works and people like it, anyone can adopt it!!
Nice
Oh my god .. exactly.. BitShares.. Absolutely under valued..
Do read my blog and recent post.. A very interesting one, regarding intuition and market analysis... would be worth your time..
https://steemit.com/bitcoin/@shrutisaagar/update-post-to-the-coins-i-mentioned-who-were-in-sync
Your good work I liked working
Excellent comments & observations !!
Thank You KingsCrown 4 sharing Your insights...
Cheers !!
Bitcoin top level
Good news for stemians and owners of digital currencies and cryptocurrency, hopefully with this kind of advancement, activists in the capital market and conventional businesses can immediately think smartly to switch to cryptocurrency
Thanks For Share bitcoin News.
look at the good point bitcoin will get faster again
Everyday I came to know new things about bitcoin. whose information is going to work and whose not I really don't know, but need more information about this, so that i can do my own research with all the information that i have. This is always a complicated topic, keep us informed brother
I have a few blogs on the blockchain tech..check it out. May well help you!
yea that's shady!!!
Excellent comments & observations !!
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Bitcoin has lost of disadvantages when we compare it to other ALTCOINS. Its very popular because it was the 1st one in the market.
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Pliss your like my post
good observation on it. nice post
Thank you so much bro :)
Too much technology for my brain. I just want to see Cryptonomex working to make my mind.
welcome to the crypto world
Hey ,
Nice work sir
Congratulations @kingscrown!
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Nice post
the segwitt 2x is cancelled, good new for everyone.
the cryptocurrencies will increase in few month , may be before 2018 !
I simply love your articles, what great content and quality of posting you offer the community here on Steemit and abroad.
Thanks a lot :)
Tech terminology theft, it doesn't give a good impression of the researcher - a simple google search would have brought up the extensive use of 'graphene' terminology within the bitshares/steem/ppy/... crypto communities.
thanks for the information, very good post, i have upvote and resteem 👍😊