SUQA is an opensource peer to peer digital currency
SUQA is a new opensource peer to peer digital currency that gives the investors 5% apr interest from term deposits even if the wallet is offline. It is based on an improved code of the secure and widely used Bitcoin Blockchain with a brand new advanced memory intensive X22i POW algo which is completely ASIC, FPGA and Quantum Resistant.
Bitcoin is very lucky and very unlucky at the same time: lucky - because it did not see any recession in its life time, giving it time to grow. Unlucky - it is about to face a apocalyptical financial downturn when it is still in its infancy, many problem to solve before it can do any heavy lifting.
If the US government really wanted to crater Bitcoin, could they not just massively invest in hardware and acquire 51% of the hashrate, thereby removing the double spend precaution and undermine all trust in the currency? Logistically difficult yes, but technically feasible? What would the response be?
12-04 20:53 - 'The growing power consumption required to mine bitcoin seems to be a massive issue. Is there any potential solution to this problem?' (self.Bitcoin) by /u/beelzebubby removed from /r/Bitcoin within 59-69min
So what are some of the biggest problems it faces right now? The centralization of bitcoin. The idea of mining, for many who first come across the concept of bitcoin, seems bizarre. When broken ... The way things are going, the digital currency Bitcoin will start to malfunction early next year. Transactions will become increasingly delayed, and the system of money now worth $3.3 billion will ... Bitcoin are granted to computer programmes (miners) for solving tough mathematical problems. These are released every 10 minutes via blocks paid to miners with block reward halving every 210,000 blocks until we reach the 21 mn. number. The third halving occurred in May 2020 resulting in a 50% decline in the block reward from 12.5 to 6.25 which reduced bitcoin’s rate of issuance from 3.5% to ... Problems With Bitcoin Are Growing. September 1, 2015. CRYPTO; Bitcoin is a virtual monetary system which is a peer-to-peer currency with no central bank. It is based on digital tokens with no intrinsic value. Wild Volatility. The currency’s wild volatility is the major concern for the users; after peaking at $1200 in 2013, the value of bitcoin sits below $250 today. The instability of the ... I bought a fraction of a bitcoin in October, and my little investment has appreciated about 150% since then. But if I want to cash out, I might have a problem — because apparently it's not so ...
Bitcoin Will Not Survive - Problems With BTC - YouTube
These are the top 3 Biggest problems with Bitcoin right now according to FORBES. I personally think that this list could easily be improved and the problems fixed, however, this is what they wrote ... In the video I discuss the following six topics I feel are problems that will need to be addressed as the Bitcoin community continues to grow: 1. Currencies should be inflationary/stable. Bitcoin has had a turbulent year, and it looks like the problems are refusing to go away; is Bitcoin a currency or a commodity? Watch The Entire Crypto Daily... Bitcoin may be doomed to failure as the blockchain struggles to scale up; Professor Ross Anderson from the University of Cambridge explains. EXTRA BITS - Bit... Does the Bitcoin currency have any problems? 51% attack, big blockchain file size, and 7 transactions per sec are the biggest ones. Blagovest Belev graduated from the American University in ...