Because Bitcoin is very interesting project, and I like the fact I dont need middleman to be able to pay with Bitcoins - it mean responsibility to keep my coins safe though (but it is usefull skill for everyone  ). |
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nice joke
It was just social experiment I guess. I checked few poster BTC addresses who put decent long reasons why they should get the 100 BTC, but no one got even over 1 BTC recently... |
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Even with PoS you need to distribute the coins with PoW or you end up with horrible distribution of coins. The longer the PoW stage and more people having a coin, the fairer distribution. Hard to beat Bitcoin imo
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is it just me, but this drawing took awhile. Like several months right compared to the other ones?
Maybe because it was ALOT bigger than the previous ones?  This is true, but smaller prices more often might bring more attention. First entrants could forget about the entry or when the draw is going to happen when we talk about 3 months+ giveaway |
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Price is decided by supply and demand, you can't set a price for bitcoins and hope it will be fixed forever.
True, but if there is something like Bitcoin central bank, their goal can be 1500 USD, so buy until price reach 1500 USD, and sell if over 1500 USD. This way price can fixed at 1500 USD, as long as the central bank has enought USD and Bitcoins to feed the market |
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We need more people to enter and I will give some more away!  Ok, here is mine: 15xmRfv9KxFqQdZf2bkXsWRGKDe6YtDwKT This way I helping everyone  |
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that's because miners are some of the biggest bitcoin to fiat sellers because they have to cover mining costs. Does it mean once current minners becoming unprofitable because of increasing difficulty, the price has to rise? I dont think so, I think the difficulty stop increasing instead (or slighly lowers). |
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Bitcoin has potential to be used by more people than Facebook. Money uses everyone but not everyone need Facebook While Bitcoin has many advantages over fiat (on internet), we have to see if Bitcoin become preffered way to use money on internet. |
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Technically, the big problems with Bitcoin in its existing form are:
- Mining is too centralized.
All are technically fixable, and fixes have been proposed. All of those, though, are incompatible with the present blockchain.
Most small minners connecting to big pools, instead of p2pool or solomining. But in the GPU age most miners were in the big pools as well... Does something really changed in the last two years? I think not much... |
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We need the companies paying its employees in Bitcoin, at least bonuses. This way Bitcoin will be adopted faster. If it becomes standard like -5% off the price if paid with bitcoin, employees themselves will want at least part of their wage paid in Bitcoin. I guess in few years this become reality.
Further increasing the availability of BTC, further eroding the price..... adoption = price erosion Bitcoin price goes down only when the Bitcoin is sold at exchange. If the Bitcoin is used to buy goods and merchant give part of the Bitcoin to its employees instead of insta sell at exchange, it has positive effect on Bitcoin price (and adoption). You can not expect the merchants to hoard Bitcoins, neither they hoard fiat... |
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No, we just need people / companies to begin holding bitcoin more. It's great that larger players have begun accepting bitcoin (Dell, Expedia, Newegg, etc.), but the problem is they sell the BTC instantly after receiving it. So all of their incoming funds are going straight to fiat, helping keep the price down.
We need the companies paying its employees in Bitcoin, at least bonuses. This way Bitcoin will be adopted faster. If it becomes standard like -5% off the price if paid with bitcoin, employees themselves will want at least part of their wage paid in Bitcoin. I guess in few years this become reality. |
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Definitively if it cost around USD 30. Keep it very simple but secure. Hardware transaction signing is necessary given how much people computers are infected, without it Bitcoin cannot be adopted to the masses
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Dominican Republic v Puerto Rico 58:70
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All miners are welcomed to secure Bitcoin with additional hashpower, government too |
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Good news would be if number of daily transactions increase a lot, or if the Bitcoins from big company sales are used to pay employees instead of instantly converting to USD.
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I think we should be assuming that the big banks and hedge funds are working on an inflationary crypto.
Inflationary altcoins already exist, but I guess big banks are happy with their monopoly on money creation. |
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I really do not see how bitcoin and paypal are even compatible.
One method is reversible and one is not. It is really as simple as that.
In case they integrate Bitcoin to their payment system, Paypal will carry a warning that the payments once made can't be cancelled or refunded. That means that there will not be any buyer protection. Hopefully two factor authentication from physical device not connected to internet is required first, so no bad publicity for Bitcoin when paypal is exploited with weak user security |
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And this little piggy went hashing!
Entry 14
Customer number 9088
Some fun:
A chicken and an egg are lying in bed. The chicken is smoking a cigarette with a satisfied smile on its face and the egg is frowning and looking a bit pissed off. The egg mutters: Well, I guess we answered that question !
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