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Author Topic: Big Data for Altcoins  (Read 1642 times)

rhinomonkey

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Big Data for Altcoins
« on: February 18, 2016, 10:40:03 pm »
Is there any evidence that big data will be valuable for any other coin aside from BTC?
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georgem

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Re: Big Data for Altcoins
« Reply #1 on: February 19, 2016, 04:01:37 pm »
Quote from: rhinomonkey on February 18, 2016, 10:40:03 pm
Is there any evidence that big data will be valuable for any other coin aside from BTC?

We are still in the process of defining what "big data" will mean regarding "bitcoin under servicenode supervision".
It's not just a question of "is there is a market / buyer who will be interested in this data",
it's also about what data we shouldn't be gathering in the first place since it goes against principles of privacy, security and decentralization.

It'll be quite a balancing act.

About your question, if something works for bitcoin why shoudn't it be applied to other coins too.
The bigger the marketcap of a coin, the more valuable big data becomes.
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rhinomonkey

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Re: Big Data for Altcoins
« Reply #2 on: February 19, 2016, 07:17:15 pm »
I remember now that you have mentioned that definition has to still be fleshed out a bit. I'm assuming there will be more talk about the market as the methodology for its facilitation becomes more clear. I definitely look forward to reading and learning more about it! Perhaps when that happens we can get a few more subtopics started in here.

Thanks for your response!
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