This is what gives Bitcoin it's value.

Not the imagined capability of providing micro transactions for the unbanked living in the undeveloped parts of Africa.

How could investing in a casino's bankroll be conceptually any safer than lending to an exchange? Both are businesses that could go bankrupt, after which they may not be obligated to pay you back.

How was this possible? The website was disabled over a year ago. I still have it bookmarked on an old phone and it now just redirects to bitcoin.org.

The more widespread the adoption, the lower the 5-percentile IQ level drops. This is something we need to prepare for with a more granular solution than outight banning of stupid people.

Can't you use wifi to download Google Authenticator app to your phone? I think that would be much easier than trying to download the installation files through your PC and then copying them to your phone.

LOL at the thought of wealthy elite buying games from steam.

Think a little bigger   .

On the topic of selling, colleagues at work are starting to beg me to sell them some coins after they'very had a hard time dealing with the red tape trying to open accounts at places like Coinbase. I've gladly obliged selling them scraps left behind in old wallets that I'd last used in 2011, 2012.

This is an entertainment thread, despite being in the speculation section. People have known this for years.

A few months ago I kept hearing people say that we will go to $200 once we passed $1000. Now I know that it must have been a typo and they actually meant $2000.

Non-mining full nodes have quite a bit of power if they are operated by exchanges or payment processors. If you can't spend your coins in those contentious blocks they are pretty much useless.

That is realistically, gentelmen.

I just did an international wire transfer. It took 1 day to complete and the fee was $40 on my side. The recipient got charged another $5 on their side. I wish I could have used Bitcoin.

The first bitcoins I bought were from an eBay seller for $0.90 each. Back then you could still advertise bitcoins on eBay without getting banned. I drove to the guy's house 2 states away and paid him cash. He had a dozen Radeon HD5970 video cards in his kitchen mining away.

We should be aiming to be HITTEDING $1400 now.

That may come any time soon.

It might take a while for centralization to occur and for people to realize it. In the meantime the decentralized chain might be abandoned.

It probably worth pointing out that you can easily protect yourself from a replay attack by sending all your pre-fork coins to an address that you control before spending them. This should be done on both chains at the same time. There is a small window where somebody may do a "mischief replay" on one of your transactions, but since you control the private keys to the receiving addresses on both chains you can easily recover from this.

I do indeed have the setting at the default 72 hours (I guess I can go a lot more with the mempool config that I have), but comparing apples to apples my node still had more than double the current 2,200 unconfirmed tx's just a few days ago.

I guess that there really is no "the mempool", even to the extent that some nodes might have mempool going up in size at the same time as others are going down.

That's strange. I have maxmempool set to 4096MB on my node and unconfirmed tx's have dropped to around 2,200. Am I connected mostly to crap nodes that don't relay?

In all likelihood, a successful Coffee Coin would likely end up being a local/regional crypto. There would be many different types Coffee Coins each serving distinct groups of users and markets. Compared to BTC the security may be lowered, blocks may be slightly bigger and more frequent, TPS may be a little higher, but because there are many networks the throughput demands on each would not need to be ridiculously high.

At some level, no matter how good technology gets, broadcasting to and storing every low-value transaction at every node in the network would prevent you from building a network with a  Visa-like transaction rate.

Why am I not surprised? I've seen this many times over mainly due to MBA programmers touching non-trivial code.

The code seems to work? Ship it!

If you can't take the heat you should just divest some of your BTC holdings while you are still ahead. When you sell, don't be like some retards and just dump at market price. Instead sell in small amounts into mini rallies. In fact, the price is rising now and you can get $1180  for your coins (instead of $1000).