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onebigindian last won the day on October 26

onebigindian had the most liked content!

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About onebigindian

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  1. I have another question about the Ice Cream example :) - if I pay the ice cream man, and the ice cream is bad, what if he SPENDS that money (and has nothing left) before the smart contract has a chance to give me my refund??
  2. OK, thanks. The actual transactions though, the entire list, is just...open to everyone, right? That's what the Blockchain IS? Do you have to give national ID of some sort (such as a passport) to open a crypocurrency account? Is this ID linked TO your transactions in any way? (well, due to privacy I'd suppose not, but CAN it be??)
  3. I have a question about the actual DATA: is WHAT I actually buy, say my ice cream (man, I'm getting sick of that example! :) ) open to whoever wants to know about it? I understand that *I*, ie. my NAME is anonymised, but the fact that I bought a "Cornetto, strawberry flavour" - is that data open to everyone? Even if they don't know who that guy actually IS? (every marketer's DREAM!)
  4. Sorry, could you explain what you just said? What's an "altcoin"? What' s a private wallet? Why would it be very good?
  5. Can you please quantify the statement "until everyone flocked right back to things that sell at a loss and are backed by huge money" - do you mean like, Amazon, sells stuff at BELOW cost price? Which they are funding out of their OWN pockets? How can that work?!! I thought the very DEFINITION of blockchain was "decentralised"....?
  6. I have a question about MIDDLEMEN: the Net was supposed to get rid of middlemen, and with Blockchain that claim has been RE-ITERATED, from what I understand. A site like - www.openbazaar.org , if I buy something there, does my ENTIRE MONEY go to the MAKER of that product, instead of the site taking a percentage? So how does the site maker make money then? Why do they do it? (why'd they make OpenBazaar?)
  7. Are the new Nvidia cards, such as 3080 and 3090 VIABLE for mining? ie. if I use them then the money I make will be GREATER than my electricity costs?
  8. It'll take me a bit of time, and plenty of rereadings to understand all of that, so bear with me :) In the meantime, a question - what if 2 smart contracts are in CONFLICT? In my Ice Cream example above, what if the ice cream seller simply writes a smart contract which simply returns the money BACK to him, after it comes to me?? Does the Ethereum system prevent this situation in some way, ie. there is some "artbitration" or "mitigation" done AUTO, by the software??!!
  9. Also, how do exchanges work where I can change rupees into Bitcoin or Ethereum? When I buy some, what happens exactly? And how is the RATE decided - how much Bitcoin for how many rupees? Thanks.
  10. I've heard that you can put ART on the Blockchain - if I want to put a painting I've made (ie. a .jpg file), or a book I've written (ie. a .pdf file) out there, so that people round the world can download it, and they have to pay me 1 Bitcoin for it - what do I do? What are the solutions available NOW? How do I prevent the .jpg or the .pdf from being Pirated AFTER that?? Once again, like the ice cream example above, if they don't LIKE the book, can they somehow "return" the book to me (ie. DELETE the PDF file - verifiably and securely!) and Ethereum will refund them the money? The file MUST be deleted at their end, they mustn't be able to like, upload it to a torrent site or something, needless to say..... That, if it CAN be done, needless to say, changes the Rules of the Game ENTIRELY......!!
  11. If I use "Coinomi", is my cryptocash stored right ON the phone? ie. if I buy Bitcoin/Ethereum and store it on this wallet, and someone steals my phone,....am I screwed? If that's true, is there any way around this? (storing the cryptocash "on the cloud" etc.) Let me get this straight - I can swap SMART CONTRACTS THEMSELVES on Uniswap? You mean the code for them?? Does one pay Money for them or something? What is the point of this?? Is it possible for "AI" to take a look at the actual financial transactions that are happening on Bitcoin/Ethereum blockchains, and take certain "steps", depending on circumstances (ie. when there's been shady dealings)? If a government is trying to fund a new bomb, can the cryptocurrency system "take a look" and cancel the transaction? Who writes the rules for all this? Can that rule be changed later? The govt can't simply REWRITE THE RULES according to what bomb it wants built (ie. the smart contract), can it? (that would make it Useless!) What are the differences between ALL the cryptocurrencies? Why are there so MANY of them?? (Is there any point to that?)
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