Hey guys, loving Rai so much, want it to take over yesterday!! There was a suggestion for an appeal to PC gamers, I am not much of a writer but had a go at it. The technical details are not all 100% correct I know, and lay terms have been used a lot, but i'm trying to educate people that don't use crypto or not heavily into it anyway. I'm looking for suggestions here before submitting under gaming or wherever you think is best, cheers.How RaiBlocks can save the World - and PC gamingOn 3rd January 2009, the world change forever. At the time, nobody noticed. Something incredible had happened though... the first non copyable digital asset was created. The creator of this unique asset knew it would change the world, but probably didn't expect that it would come at a massive environmental cost, and push state of the art PC gaming out of the reach of Millions.When Satoshi Nakamoto created Bitcoin in 2009, he created a system that allowed the transfer of digital information, but made that information non copyable. That’s what Bitcoin is, a non copyable digital asset. In order to make it non copyable, there is a list, with every Bitcoins location defined. Keeping this list secure requires all computers on the bitcoin network to conduct a simple calculation, called a hash. But not just one hash, the network has to try lots of hashes until it finds one, by luck, that secures the list (blockchain). Initially it was just Satoshi and his old laptop running and securing the entire Bitcoin network, guessing away, creating new block after new block, by luck, around every 10 minutes. But Satoshi knew that other people would need to join in, if the list was to really be secure, and that 100 laptops hashing would find the lucky hash 100 times faster than one laptop would. So he created an ingenious solution, the hash number that needs to be found by luck, increases in difficulty automatically to match the hardware being added to the network. Like an arms race between the computer network and infinity, as the network gets stronger, the guessing gets harder. With Bitcoins being worthless in Dollar terms, there were only computer enthusiasts, crypto anarchists and weirdos hashing Bitcoin in 2009. As time went on, and the price of bitcoin went into the cents, people started running their work mainframes at night to mine Bitcoin… the hash rate climbed… the price climbed with adoption.When the Bitcoin price hit parity with the Dollar, there was serious money to be made by securing the Bitcoin network… and designers quickly realised that computers with graphics cards for gaming, GPU’s were great at fast hash guessing. This was just the beginning, and went unnoticed by the world outside bitcoin at the time. Eventually specialty manufacturers emerged with computers made specifically for hashing, ASIC Bitcoin computers. Every time the price increased, the incentive to mine grew. Everytime the mining grew, the difficulty grew.As we all know, the price of Bitcoin, and other alternative Blockchains has exploded, and the incentive to mine is staggering. The situation at the beginning of 2018, is that the system that was originally run by a single PC, is now being run by a network of computers so vast that it is making PC gaming unaffordable, and having a staggering environmental impact. Any computer that can be used for mining, is used for mining, driving modern graphics card prices so high, that most people could not dream to afford one. The ASIC computer builders are also booking out entire factory runs, pushing up the price of all high end electronic devices, from PC’s to Smartphones. The world’s largest high end chip manufacturers, (TSMC 16nm chips), are making more Bitcoin chips than anything else, with 100,000 wafers per month produced, each wafer makes thousands of chips. This is pushing the price of high end micro chips through the roof as the quantity available on the market decreases.. The environmental impact is massive, power usage is massive, each transaction uses enough power to keep a household light bulb running for several years. The Mining incentive does reduce with time, by design, but as the price rises, the incentive increases. This makes Bitcoin heavy on electricity, and high end microchips, by design.So, is there a cure? All other cryptocurrencies are based on the same blockchain design, and while some are centralised to reduce the mining, those coins will never be trusted like a distributed system, except one - Raiblocks.Raiblocks is a decentralised cryptocurrency, but it’s nothing like Bitcoin. If Bitcoin and it’s fellow blockchain systems were a steam locomotive running on dolphin oil and babys tears, Raiblocks is a Tesla Roadster with Mr Fusion for the battery. Transactions complete in a few seconds, because there is no need to guess trillions of different numbers for 10 minutes. It is decentralised and secured by well understood cryptography. There is no mining, no ASIC’s, and no GPU’s. The faster it kills Bitcoin, the better off the world will be.Raiblocks main technical advantage over Bitcoin is its speed, it’s as fast as Visa, whereas Bitcoin is at best 5 minutes, at worst, comparable to a bank cheque. Raiblocks is also a lot simpler by design than bitcoin. Example: if you want to send 1 raiblock to a friend, you can do that. With Bitcoin, that’s not possible. Try send 1 bitcoin, you can only send 0.999998 , because you have to pay the miners to help destroy the environment, and drive up the price of CPU’s GPU’s and anything on earth made with electricity. Even if you had a no fee situation, or extra funds, with bitcoin there are 2 transactions for every spend, one to the recipient, one to the “spare change”. This is a legacy of the old system, it’s confusing and totally hilarious to Raiblocks users, whom have a simple and elegant modern experience, that feels more like a simple bank account.So how do you get onto Raiblocks and help kill Bitcoin? Easier said than done! . At the moment, you can only buy Raiblocks with Bitcoin! But you can get a wallet for free, and publish your address online for others to pay you tips, or larger amounts into your wallet. Because there are no fees, ever, small payments are possible and as easy as sending an email. Raiblocks has only been around for months, not years. More entry points to the system will emerge as Raiblocks becomes better known, so you can help by looking into Raiblocks and telling others about the first GPU friendly cryptocurrency!
Hey guys, loving Rai so much, want it to take over yesterday!! There was a suggestion for an appeal to PC gamers, I am not much of a writer but had a go at it. The technical details are not all 100% correct I know, and lay terms have been used a lot, but i'm trying to educate people that don't use crypto or not heavily into it anyway. I'm looking for suggestions here before submitting under gaming or wherever you think is best, cheers.
How RaiBlocks can save the World - and PC gaming
On 3rd January 2009, the world change forever. At the time, nobody noticed. Something incredible had happened though... the first non copyable digital asset was created. The creator of this unique asset knew it would change the world, but probably didn't expect that it would come at a massive environmental cost, and push state of the art PC gaming out of the reach of Millions.
When Satoshi Nakamoto created Bitcoin in 2009, he created a system that allowed the transfer of digital information, but made that information non copyable. That’s what Bitcoin is, a non copyable digital asset. In order to make it non copyable, there is a list, with every Bitcoins location defined. Keeping this list secure requires all computers on the bitcoin network to conduct a simple calculation, called a hash. But not just one hash, the network has to try lots of hashes until it finds one, by luck, that secures the list (blockchain). Initially it was just Satoshi and his old laptop running and securing the entire Bitcoin network, guessing away, creating new block after new block, by luck, around every 10 minutes. But Satoshi knew that other people would need to join in, if the list was to really be secure, and that 100 laptops hashing would find the lucky hash 100 times faster than one laptop would. So he created an ingenious solution, the hash number that needs to be found by luck, increases in difficulty automatically to match the hardware being added to the network. Like an arms race between the computer network and infinity, as the network gets stronger, the guessing gets harder. With Bitcoins being worthless in Dollar terms, there were only computer enthusiasts, crypto anarchists and weirdos hashing Bitcoin in 2009. As time went on, and the price of bitcoin went into the cents, people started running their work mainframes at night to mine Bitcoin… the hash rate climbed… the price climbed with adoption.
When the Bitcoin price hit parity with the Dollar, there was serious money to be made by securing the Bitcoin network… and designers quickly realised that computers with graphics cards for gaming, GPU’s were great at fast hash guessing. This was just the beginning, and went unnoticed by the world outside bitcoin at the time. Eventually specialty manufacturers emerged with computers made specifically for hashing, ASIC Bitcoin computers. Every time the price increased, the incentive to mine grew. Everytime the mining grew, the difficulty grew.
As we all know, the price of Bitcoin, and other alternative Blockchains has exploded, and the incentive to mine is staggering. The situation at the beginning of 2018, is that the system that was originally run by a single PC, is now being run by a network of computers so vast that it is making PC gaming unaffordable, and having a staggering environmental impact. Any computer that can be used for mining, is used for mining, driving modern graphics card prices so high, that most people could not dream to afford one. The ASIC computer builders are also booking out entire factory runs, pushing up the price of all high end electronic devices, from PC’s to Smartphones. The world’s largest high end chip manufacturers, (TSMC 16nm chips), are making more Bitcoin chips than anything else, with 100,000 wafers per month produced, each wafer makes thousands of chips. This is pushing the price of high end micro chips through the roof as the quantity available on the market decreases.. The environmental impact is massive, power usage is massive, each transaction uses enough power to keep a household light bulb running for several years. The Mining incentive does reduce with time, by design, but as the price rises, the incentive increases. This makes Bitcoin heavy on electricity, and high end microchips, by design.
So, is there a cure? All other cryptocurrencies are based on the same blockchain design, and while some are centralised to reduce the mining, those coins will never be trusted like a distributed system, except one - Raiblocks.
Raiblocks is a decentralised cryptocurrency, but it’s nothing like Bitcoin. If Bitcoin and it’s fellow blockchain systems were a steam locomotive running on dolphin oil and babys tears, Raiblocks is a Tesla Roadster with Mr Fusion for the battery. Transactions complete in a few seconds, because there is no need to guess trillions of different numbers for 10 minutes. It is decentralised and secured by well understood cryptography. There is no mining, no ASIC’s, and no GPU’s. The faster it kills Bitcoin, the better off the world will be.
Raiblocks main technical advantage over Bitcoin is its speed, it’s as fast as Visa, whereas Bitcoin is at best 5 minutes, at worst, comparable to a bank cheque. Raiblocks is also a lot simpler by design than bitcoin. Example: if you want to send 1 raiblock to a friend, you can do that. With Bitcoin, that’s not possible. Try send 1 bitcoin, you can only send 0.999998 , because you have to pay the miners to help destroy the environment, and drive up the price of CPU’s GPU’s and anything on earth made with electricity. Even if you had a no fee situation, or extra funds, with bitcoin there are 2 transactions for every spend, one to the recipient, one to the “spare change”. This is a legacy of the old system, it’s confusing and totally hilarious to Raiblocks users, whom have a simple and elegant modern experience, that feels more like a simple bank account.
So how do you get onto Raiblocks and help kill Bitcoin? Easier said than done! . At the moment, you can only buy Raiblocks with Bitcoin! But you can get a wallet for free, and publish your address online for others to pay you tips, or larger amounts into your wallet. Because there are no fees, ever, small payments are possible and as easy as sending an email. Raiblocks has only been around for months, not years. More entry points to the system will emerge as Raiblocks becomes better known, so you can help by looking into Raiblocks and telling others about the first GPU friendly cryptocurrency!
http://ift.tt/eA8V8J