The growth is not where you expect it to be from. It will not be from the ordinary people like your friends. Why would they use Bitcoin when their money earned from their jobs are good enough to buy them the things they need? There is no need to change the present system because it is already working and it is efficient for the everyday things we do.

The growth will come from the criminals, the hackers, the terrorists and the drug dealers, etc. The growth of Bitcoin use in the darknet and in the underground is growing because Bitcoin can circumvent the financial system run by the banks and it is making their criminal operations better and more efficient.

Check out how many darknet market places there are today in this site https://www.deepdotweb.com/



 

That would be a fair statement. But then sometimes the people trading in the market becomes irrational and mania occurs. That is when we begin to see Bitcoin's quick and fast surge to > $1000, and see a quick move going in the reverse direction. The media is partly responsible for this because they tend to put more wood in the fire by writing overly optimistic articles.

I wish the mania occurrence does not happen soon but I am open to the idea if Bitcoin has cleanly passed $1000.

I believe the high volatility and the quick price fall down is also because of the stoplosses getting hit making the price go down further and starts another cycle by hitting another stoploss. Like dominoes falling one by one as they say. Also the reverse is making it difficult for Bitcoin to go up in price also because as the price goes up, take profit sell orders are then executed making the price stagnate for a little while unless there is a really huge buy market order from a whale.

Yes that was a big mistake and just plain wrong from their part. If only they had not started a smear campaign against the then QT developers and had not done any FUD and instead campaigned for their own argument on why bigger blocks are better, then Gavin and Hearn might still be around and the people might still be listening to them.

Then that is where your argument becomes invalid because you are now attacking the character of those who do not see eye to eye with your views. Instead, why not start by objectively explaining your views and be open to any counter arguments that author may have.

If that is all you can come up with then you have already lost the audience because you are also acting like a 5 year old.

OP, I believe most people would not be comfortable with how Bitcoin has no charge back ability. The way I see it, Paypal's charge back feature is to protect the consumers but it is a disadvantage on the seller. With Bitcoin on the other hand it plays well on the side of the merchants but the buyer will be at a disadvantage. It is not really a huge problem and it is nothing a buyer - seller escrow system cannot fix.

OP, be careful. I am pretty sure this will ring some warning bells, making the authorities investigate your transaction. There is a case for them to try to prove that you are doing this for money laundering purposes. The safer path is to sell your Bitcoins for USD first then make the purchase.

To answer OP's question, no it is not "bad form". The real concern is having your transaction confirmed at the shortest possible time. It would be a pain to wait for your transaction to be confirmed sometimes.

I have another question. Have anyone here have had unconfirmed transactions by using the standard BTC.0001 fee amount? I have never had any problems before when I am sending $50 to $100 worth of Bitcoins. But I have started paying higher fees after reading that there were some users here who had encountered problems with their transactions.

I am sorry if what I did was disrespectful. It was not my intention. Please be informed that I am backing out of my application in respect to my present campaign and Yahoo, my campaign manager. Thanks.

This question does not make any sense. How can you ask someone that question when there will be no real insider that will expose themselves and tell you what they are up to?

Also a real insider would tell you what to buy only if they are already starting to sell it. Think about it, there is a reason why they are the insiders while most of us here are clueless sheep.

With all due respect sir, it would be unfair for me to change my signature right now. The Spectre campaign is still paying me for putting their signature and putting your signature in its place will not be the right thing to do. Also if I do not get accepted in this campaign, then I will be also out of the Spectre campaign because I changed my signature. Please understand.

But I am willing to start at the post count where I changed to the BetKing signature.

Exactly the same as what I am thinking. There are a lot of individuals out there trying to form "blockchain" companies and most of them do not know really what they are doing. The just want to use the "blockchain" because it is the "in" thing and they want to get money from VC's and thru ICO's. The funny thing is all of these "blockchain" companies have no real world use case and will all fail in the long run. Do not be tricked by these snake oil salesmen.

Is it not CoinDesk's job to also be neutral? The site itself must be open to all the views even if it is against the site owners view. The stupid thing to do is to block one view and make way only for another.

I think OP is reacting this way because the view of the author does not align with his own. So instead of attacking the integrity of the site, why not make counter arguments with the author of the article to express your own view?

Was it not Satoshi himself that placed the 1mb hard cap on the size of the blocks? You are here longer than me. So I ask you, why do you think he did it? For me, at first impression it would because Satoshi might be already be getting concerned about the size of the blockchain and to solve the scalability problem, Bitcoin must take a more conservative route than a reckless one. But what do you think?

I am aware that there is a sort of mining cartel going on in Bitcoin, but I was not aware that the Chinese authorities are directly controlling the Bitcoin miners. It would be nice if you explain a bit more why you think this and if this is really a fact or just your theory.


That is not very likely. I think most of us here in the community are overestimating how the authorities view the importance of Bitcoin. I believe they do not really think much about it and they tend to keep the topic at arms length because it could be that they do not really care.

 

Hi. I am not much of a gambler but I would like to try this campaign. As I am in an active non-gambling sig campaign right now, I will only change my signature if I am accepted. So please feel free to check my posts if I am qualified. Please understand. Thanks.

Username/UID: Wind_FURY
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The problem is what type of digital collateral would be the most acceptable for P2P lending online? We already are doing P2P lending in real life when we lend money face to face with our friends. In the Bitcoin world it could be done in a massive scale with strangers online, but again the problem of guarantee of payment. If you can answer what digital collateral is acceptable by all, then P2P lending will be easier to do.

Maybe because for now the slight pull back could still be considered a correction which is normal in most markets. This should be the time to look for points of entry. I personally have buy orders ready at $650 - $680 just in case we see the price go back to those levels.

OP, since SPEC is an anonymous currency, at what markets do you plan to deploy the currency and how do you plan to do it? My first guess would be making it useful and market it to darknet market place merchants into accepting the coin as payment since it has anonymous features.

Just accept the fact that the ship has sailed and that most of us did not see what was coming when we first heard about Bitcoin. The price was around $5 when I first read about it but I did not even pay enough attention because I thought it was just a play toy by hackers. The next time I checked the price was going to $100 then that is when I started paying attention.

Since the ship left without us the next thing to do is to create Bitcoin services. For me the best to create are darknet based services because that is where Bitcoin really is "at home".