your title is dumb since bitcoin did not split. bitcoin is still bitcoin with 100% of the majority on it. a split means when a big part of the network chooses a different chain than the rest of it and fork like that. when some random idiot copy pastes bitcoin code that is not called "split" it is called creating an altcoin. and so far there has been 667 forks of bitcoin creating useless altcoins https://bitcointalk.org/index.php?topic=2292712.0I don’t think the OP wrote the article so it’s not his title. If you clicked the link you would see the title is “bitcoin continues to split”. Although, I agree it’s a stupid name and a stupid article. Altturds continue to use the name bitcoin to confuse and draw people into investing in the wrong coin. That’s the same thing Bitcoin Cash did. As far as I’m concerned Bitcoin Cash is just another shitcoin. I have a problem with these forks/splits, because in my opinion it dilutes the Brand. You have the original Bitcoin fighting for survival with every splinter group forking/splitting the coin. The other problem is, when they split/fork, they imitate the original coin and this creates confusion. <People thinking they are buying the real Bitcoin (BTC) but actually buying these Shitcoins, like Bitcoin Cash. <BCash> If you want to create a Alt coin, go pick a original name and be done with it, stop leeching the Bitcoin Brand. ^grrrrrrr^ |
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Take your time to do some research first, do not rush into things. Bitcoin is not one of those "Get Rich Quick" schemes. You have to be patient and start to walk, before you run. Watch a lot of Bitcoin videos on Youtube, search for " Andreas Antonopoulos" and follow him on Twitter for his latest information https://twitter.com/aantonop This guy < James D'Angelo > also has some pretty good videos, if you can find it. https://www.youtube.com/watch?v=Bhe61JaNFLU Good luck with your new journey into the Rabbit hole, I hope you will contribute constructively to this forum and you Pay it Forward, to the people who will join after you.  |
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Look at the chart <Market Price (USD)> for the last 2 years. https://blockchain.info/charts/market-price?timespan=2years and you will see that January to May is a slow period and then things suddenly explode. My logic says, the beginning of a new year is normally much harder than the rest of the year. People just returned from their expensive Holidays and Xmas and they have to face credit card debt and also the beginning of a new school year, there are just too many financial obligations to meet, to have disposable capital to invest in Crypto currencies. Hoard hard during these times and buy some cheap coins, it will pick up later in the year. ^smile^ |
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You can also create your own wallets with http://www.bitaddress.org/ but just make sure that you create these wallets offline. Navigate to the site and just before you generate the public/private key combinations, unplug your network access. <there are some handy videos on Youtube, that would explain more secure methods to do this, but you can experiment with the basics first> Print the wallets and play around with it. <depositing small amounts to these paper wallets and also sweeping them onto online wallets> Tip : Use small amounts, until you have mastered the creation of more secure paper wallets. ^smile^ |
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You have to be a bit more specific, for us to help you. In most cases Bitcoin users wants to go into too much detail and they find it too complex and then they bow out. You should know the basics first. 1. How to buy or Sell bitcoins. 2. Where to secure those coins that you have bought.
The technical information is overkill for average users that just want to buy stuff with bitcoins or who wants to trade with bitcoins.
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What problem are you trying to solve here? Is there not enough transparency in the distribution chain or the manufacturing process or distribution to the retailers? I talked to a Pharmacists about this and he had no clue what I was talking about. <just casual conversation, while I picked up some medicine>
He is very curious about this and asked me to find out more. So here I am. ^smile^
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You will find that Blockchain.info is one of the worst Block explorers out there. You can do a transaction and then monitor the progress and see no confirmations in their built-in explorer and when you use another explorer, it will show the confirmations. There is some serious sync problems with their Block explorer and the actual status of the Blockchain.
Try Blockexplorer.com as a alternative and compare the results for yourself.
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People are struggling to see the bigger picture. The high fees are caused by factors beyond the control of the software developers. The Bitcoin Core developers created SegWit and consensus was reached in the Bitcoin community to implement it. Some of the biggest exchanges and merchants are now turning their backs towards SegWit and implementing other Alt coins to solve their problems. <Bitcoin Core developers cannot force them to implement their software, the customers must force them>
Then Lightning Network developers came up with the ultimate solution for scaling, but this is still in the testing phase. In the mean time, competitors are gaining market share and they are causing a lot of confusion with potential customers and investors.
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Bitcoin is part of something called, Crypto currencies. If the Banks buy all available bitcoins and this become public knowledge, then people will either create a new "Bitcoin" or use one of the other Alt coins out there. The Banks know this, so they created and developed their own Blockchain technologies or they simply influenced current Alt coin developers to help them. <Ripple is one of those Bank puppets>
We also have ex-Bitcoin developers, working for the Banks now. <Mike Hearn>
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Bitcoin has seen it's fair share of challenges over the last couple of years and scaling problems are nothing new, but we always had the backing of a large merchant network that supported Bitcoin. Lately this merchant network are being infiltrated by the competition and they are getting the jump on Bitcoin. <getting their foot in the door>
The current scaling problems would have been a non-issue, if we had little or no competition, but things have changed and a lot of rich people and organizations and even Banks are dumping a lot of money into the marketing of their Alt coins now. < Ripple & Ethereum & Bitcoin Cash, to name a few >
The delay in the implementation of SegWit & Lightning Network by merchants are stalling Bitcoin adoption & chasing first time users away. <because they get a bad first impression/experience>
Bitcoin supporters should aggressively push for SegWit & Lightning Network implementation to stop a situation where we lose too much market share to these competitors.
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If you have knowledge of the financial system, then you would have chosen Bitcoin a long time ago. The knowledge of this broken system, would have pushed you towards Bitcoin and you would have made millions a lot earlier.
It is a pitty that this knowledge was not distributed a lot wider in the beginning and most early adopters were Libertarians and Crypto enthusiasts with Anarchist roots. <These people took a big risk going up against the authority and they are reaping the rewards>
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Coinbase's decision to add Bitcoin Cash, before they implemented SegWit was a clear indication to me that they are showing their alliance. The fact that they are sabotaging Bitcoin by not implementing measures to reduce congestion on the network <Batching> is further proof of their intent.
Coinbase will go the same route as Circle. <Building a userbase and changing business model>
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The use determine the definition, like Danny said. The problem is that the governments definition would have a significant impact on your use. If Bitcoin is defined as a "commodity" and not as a currency by your government, then things become tricky. How do you run a legal business as a merchant, when Bitcoin is not defined as a currency in your country? How do you explain this to the tax authorities? This can become a issue, when your books are being audited and you are primarily accepting a commodity as a currency for goods and services.  |
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I live in a country where Bitcoin is on everyones lips. They think it is a exellent store of value, because most people has made a lot of money with Bitcoin and everyone is looking for the same returns. A high Bitcoin price, draw a lot of attention from the media.
People within my circle of friends, know that I have made some significant profits with Bitcoin and they want the same. <I tell them how I did it and this is how word of mouth will spread Bitcoin adoption, because the circle just grow bigger> ^smile^
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Bitcoin could be worth millions, but as of this time, I don't find it useful due to the expensive fees. I'm just parking my coins in my wallet for now and trying to avoid making payments with it.
This is what gives Bitcoin value. People use Bitcoin for different use cases. Let's say for instance, Bitcoin could only be used as a currency, then Bitcoin would have failed, because the current problems would have junked it. Fortunately for us, Bitcoin has multiple use cases and Bitcoin can also be used as a commodity to be traded and as a store of value. This is what is making Bitcoin truely valueble. ^smile^ |
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Remember the times when you were told as a child that smoking were not for underage kids. You did that, because it was "illegal" This is exactly what is going to happen in these countries. Their government is doing this to protect their own local piss ass currencies. < In this case the Rupia >
They have a population of +/- 261.1 million people on all those little islands and exellent tourist potential. <Bitcoin supporters will just use their bitcoins on other tourist destinations, where they are welcomed and turn their back on these Indonesian destinations>
The losers will be the Indonesian businesses and the government. <Loss in potential tax income>
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Nobody owns the Bitcoin name, is called decentralization and Bitcoin Cash is a fork of Bitcoin, not an altcoin so it makes sense use the Bitcoin name.
Uhh, altcoins are called altcoins because they're alternatives over the granddaddy cryptocurrency, which is Bitcoin. Bitcoin Cash could use the name, yes, but like every other Bitcoin fork out there, it is, by definition, an altcoin simply because it's not the original Bitcoin. I acknowledge that Bitcoin is open source, and everyone could make a fork that takes a different scalability approach, but claiming to be the original is nothing but fraud. The only difference is, Bitcoin Cash got instant adoption and distribution from the fork. This is years of hard work that was done by Bitcoin <BTC> supporters. Free marketting with a push of a few buttons to fork the coin and put millions of coins in BTC supporters pockets. The BTC supporters did not complain, because it was free money. Bitcoin Cash will always be seen as the Leech, bloodsucking parasite that it is. Sucking the life blood out of it's host. <BTC> |
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You just have to smile when the corporate world comment on Bitcoin. It is as if they want to "box" or limit it for the consumers. They tell other people, what they think it should be. Bitcoin is carving it's own rules and do not need to be defined by Corporate slaves of the Fiat system. <Where they made their rules>
Yes, it will be different between 1st world and 3rd world, but poor people will benefit more from Bitcoin than the traditional Fiat institutions in 3rd world countries. ^smile^
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This is welcoming news, initially I thought that Japan will open up 2 exchanges only. However, I'm very wrong, although its not surprising that Japan is really opening local exchanges as the crypto market is really booming and they are leading the pack now. I'm pretty sure that Japanese and the crypto world in general to see exchanges opening in Japanese as we all know that South Korean market is suddenly turning against bitcoin. The company’s announcement of the exchange promises promotional benefits to early sign-ups, including a 1,000 yen account credit and select fee-free operations.
They even have a self promotion. LOL. Japanese really know how to market their product. I think this opening will really trigger another bull run because it will open doors to a lot of Japanese traders who is eager to join the bandwagon. To be honest, I hope the Japanese will blow away the competitors in the Asian markets. They were the first to accept Bitcoin as a currency and now they are opening the door to more Crypto currencies. I would have like that they only support Bitcoin, but that would be unfair to other Alt coins out there. Japan will carry the torch in the Asian regions. ^smile^ |
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What a remarkable person! Most people would have given up with tubes stuck in most of their orifices, but he continued to the end. Hal Finney will leave a positive Legacy on this world, beyond that of many of his peers in this scene. <Some people just leave a bad taste in your mouth>
RIP <<Uncle of Bitcoin>>
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