Would you mind if i ask? What is the safest wallet for now?
Bitcoin Core & Coinb.in in my opinion. I disagree with you about Coinb.in being a safe wallet. I do not know what you are trying to do. It is either you are promoting an Indian online wallet or do you really believe that it is really safe. Let us inform the newbies here with the truth please. Online wallets like Coinb.in can never ever be fully safe because you are trusting a third party to hold your coins. Period. |
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Maybe the Brave browser should start black listing or start giving out warnings to unknown Bitcoin services by default to prevent these phishing attacks. They should start working with these services so that they could create a Bitcoin browser that is safe that will help prevent theft especially for the newbies who can be quite gullible.
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Storage is cheap. the entire blockchain is only 83GB. it might get more expensive to host on virtual servers but it will get cheaper there as well.
83GB is no joke for most users. The blockchain is also getting larger and larger every year so running a node will get only harder. Some of you say something like "oh storage is getting cheaper so it is not a concern", but it is already a concern. The number of nodes are falling. There are alternative ways to incentivize people to run nodes. One of these is thru Spreadcoin. They have a system called proof of Bitcoin node. I have not read into it deeply but it might be a good solution to the problem. |
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Bitcoin would be too exotic for traditional banks. I could not imagine them having a stake in something they cannot fully control and understand. Plus there is no market for this among themselves unless they set one up where they can sell them and let some other bank "hold the bag". If one bank becomes interested in investing in it they would have to deal with who? The Bitcoin exchanges? Well if it is Coinbase then maybe they can.
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It looks like I may have spoken too soon about this. According to Bitcoin Suisse founder Niklas Nikolajsen European banks may start offering Bitcoin wallets as early as then end of 2016. I still will not believe it until I see it but this will be a huge boost for the legitimacy of Bitcoin if they start offering Bitcoin wallets as an option for their services. Source of the news is here - http://calvinayre.com/2016/09/21/business/european-banks-will-offer-bitcoin-wallets-soon/ |
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Robben and Ribery are still very impressive considering their old age. Their next game versus Hamburger SV should be very easy for them and a bet of over 2.5 goals is a winner although it pays less.
My BVB is also having an easy match versus SC Freidburg but I will avoid betting on this one. The odds that are given by the bookies are too small. A good game for this weekend is SV Mainz 05 versus Bayer Leverkusen. Having the home advantage, I think Mainz will win that one.
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It is difficult to say anything about trading markets how they will move in future. I can share my thoughts about price of Bitcoin and those will not fall significantly anymore. A few percentage of ups and downs are part of trading and beauty of which can not be considered increase or drop at all. In my opinion price will not fall under $560.
Can you please explain more about why you think Bitcoin will not fall below $560? For me I try to not to get into this kind of thinking because in the real world anything can happen. We expect one thing and then the unexpected happens. But still I am a victim of this, so go figure.  Anyway back to my question, is there a technical or fundamental explanation as to why you think it will not fall below $560 or did you base it in your feel for the market? |
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Hello OP I would assume when you made this post a while ago that when you said to increase the block size limit you meant for the core development team to do a hard fork just like the proposal of the XT backers? Fast forward to today and knowing what we know now, specifically with Ethereum's hard fork fiasco where the result was the original chain has become its own competitor, do still think the core developers should still hurry up and do the hard fork now? |
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Now that we are under $600 again and possibly until the end of the year. I am curious at what price do you think is a good buy for Bitcoin? For me it is at around $500 to $525 if it can go down there. I know some of you do not think that it will go that low but some of us did not think it will go below $600 either. So I am requesting for everyone to please have an open mind from a neutral perspective so that we can have a better discussion.
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No one is to blame or should be. What has recently happened to Ethereum is not a bad outcome, splitting Bitcoin in the same manner should be considered a positive thing. Like dumbfbrankings just said it represents freedom, the analogy of a couple breaking up and finding separate houses is indeed a good analogy.
If you think that the split in Ethereum's chain was not a bad outcome then you are gravely mistaken. Who would want for it to split like that resulting with another chain that is now competing with your own. You also say that splitting the Bitcoin blockchain should be considered a positive thing? That is absurd. I do not know if you are serious or you are trolling. There is more at stake here because the whole Bitcoin economy is relying on the stability of the network to keep it going. If they do a hard fork and then the network splits then they are risking destroying that economy and the value of the coin itself. I am certain a lot of people WILL look for someone to blame. |
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You are right. Bitcoin's price movement is normal and it is more volatile than usual at times so there is no need to panic but there is no need to hype if it is going up. We should face reality and quit making hypey comments. The price will go where it will go and we have to face the music if it goes against us. But really now, Bitcoin has proven itself as something that has real value to society. If the price goes down then that would be a good opportunity to bargain hunt and get in at a good price.
I know this thread came off as arrogant to some but before I was saying to be careful with the price of Bitcoin because it might go below $600. I was only merely trying to tell them what I thought without any malice.
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Example: The Bank Account
Public illusion. A commercial-bank 'deposit' is as good as money. You will get all your money back, any time you want.
Reality. 'Deposits' are really loans to the bank which lends them to borrowers, some of whom may never pay them back. Another danger is that savers may ask for their money at any time, while loans by the bank tend to have longer-term maturities.
I think I just had an epiphany. This is what bitcoiners have been saying all along! If you want to disrupt the banks then do not make deposits to them. What you should do is "deposit" them where you have total control of your money! Buy BTC. Well it is not really "buying", what you are actually doing is converting fiat to BTC. So do it now and encourage the people around you to do it too. Enough with the BS of the banks. The same could be said for gold. Gold does have one other feature, namely that once you have receive your gold, you already have been paid! That's not really true with US$, in that you still must spend them in order to get something you want. If you want gold, then any gold you own is free of "counterparty risk" (other than thievery). Buying gold also keeps your money out of the bank. Well yes but the problem with that is the storing of cash and/or gold. But let us talk about gold for this purpose because paper money is nothing more like an IOU that is entrusted banks promising us that it has the said value. But anyway back to gold. As you said gold is free from counterparty risk but how are you going to store it? You also cannot carry it around with you all the time. This is where the genius of satoshi comes in. Thru technology he knew he can create a new asset that is free of counter party risk, totally controlled by the user and the transactions can also be verified by the users themselves. |
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Wow, Dortmund is back to top performance right now, their match always win with many goals. The final score VfL Wolfsburg vs Borussia Dortmund is 1-5 win for Dortmund, another big win for Dortmund.
That's because Tuchel made very good signings this summer. We have seen both of them score one goal each versus the game with Wolfsburg last night. Guerreiro and Ousmane Dembele will become key superstar players in Dortmund as they develop. They are both young and posses good skill. They are also very lucky to have a good manager. I hope he will not leave us soon like Klopp.  |
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The Gavin Andresen/Mike Hearn hard fork proposals were very likely bankster moves against Bitcoin (as both have connections with either the banking or corporate establishment). They proposed to put huge unnecessary loads on the network, and dialed back the size of the extra load they proposed by several factors, several times, and still their plans were rejected.
The hard fork mechanism is important if there is a genuine disagreement on direction, or if the ethics of the repo maintainers become significantly questionable. We don't have that problem though. The problem was hard fork proposals that intend to install rogue development teams, not the current dev team.
What did we do? We argued against it, successfully, against an army of shills. They're re-mobilising right now, and it's hilarious.
I did some research about the Gavin Andresen hard for proposals and I did not realize that what you are saying is true. It was a proposal disguised to help the Bitcoin network scale but the true purpose of it as driven by their self interest. If the miners and the community unanimously decided to side with XT then they would become the new developers to follow in Bitcoin. That was very conniving of them if it was indeed what their purpose was. Are the re-mobilising again? Where? I do not see any of the sort in the forum right now. |
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I have a hypothetical question. Let us pretend that a hard fork indeed happened. For this example let us use BitcoinXT as the new version to be used in the fork. If the hard fork ended up like the one that happened to Ethereum, who is to blame and what should be done? Now we have two Bitcoin chains and both have die hard supporters unwilling to let go for each.
The horror, the horror.  Are we afraid of the wisdom and function of free market capitalism? You know... that thing that's supposed to underpin the incentives of Bitcoin? The price is besides the point here. The thing to learn from the Ethereum hard fork is that there were factors that they did not anticipate that would happen. Instead of doing only the hard fork, the original chain lived on and became a competing chain. The effect of it on Ethereum may be minimal because the network is quite young. So yes they have that luxury to make drastic measures. My question is how will this affect a more established blockchain like Bitcoin? |
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I have a hypothetical question. Let us pretend that a hard fork indeed happened. For this example let us use BitcoinXT as the new version to be used in the fork. If the hard fork ended up like the one that happened to Ethereum, who is to blame and what should be done? Now we have two Bitcoin chains and both have die hard supporters unwilling to let go for each.
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Do you think that one day you could open Bitcoin wallet in your bank, along with your.ordinary bank account? And will banks have their own wallets? Or maybe they already have? There are some rumors that some banks are preparing themselfes to addopt the Bitcoin and give it to their clients as a new service?
No. Bitcoin was designed to bring back the control of money back to the people. Why would you want to store your Bitcoins in a bank if for some weird reason they started to offer it for deposits. You are in effect giving them control of your money and they will start exploiting it by using your deposits and start offering "products" to businesses and borrowers. I hope you get the whole point of Bitcoin and be on your way. |
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it's weird, but somehow bitfinex is gaining back trust in the market as once again it started initiating a pump where china followed with a massive green candle. take a look at the charts and you will know what i am talking about.
Even ten days later after making this thread there are still no lawsuits against the founders of Bitfinex which really surprises me. I have been waiting for some regulator in Hongkong to at least start questioning Bitfinex's business practices. At first they socialized their loss and made their customers pay for that loss by reducing their balances a certain percentage. Next was they issued tokens to their customers which is a highly questionable move. |
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It's consolidating, that's all. Probably shoot up pretty soon.
It could also go the other way. If you look at the daily chart you could see that more clearly. I still stand by my statement that before Bitcoin can start moving up again, it has to go down first. Maybe I made a mistake by saying that it will stay at under $600 for a long while, then move down to the lower $500's before moving up but taking the amounts aside, I still believe that it has to go down a bit before going up. Right now there is now buying going on, why? Because it is a seller's market. The sellers have to sell everything, move the price down and then that becomes a buyers market because many could get in at a bargain. As the buying increases, so do the price of Bitcoin. |
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For those of you who think that Bitcoin is unhackable I urge you to think again. I am not not talking about traditional hacking as in a hack against the core software. I am talking about perception. HACK: http://www.dictionary.com/browse/hacked?s=tto damage or injure by crude, harsh, or insensitive treatment; mutilate; mangle:
Many people overlook this unprotected area of Bitcoin and may not have contingencies planned out accordingly. These are just a few examples of how Bitcoin's image gets hacked. http://www.wsj.com/articles/in-the-bitcoin-era-ransomware-attacks-surge-1471616632http://money.cnn.com/2016/08/03/technology/bitcoin-exchange-bitfinex-hacked/http://www.coindesk.com/european-union-proposes-tighter-bitcoin-controls-panama-papers-response/http://www.coindesk.com/us-treasury-bitcoins-use-to-fund-terrorism-remains-unclear/http://www.smh.com.au/world/australia-to-regulate-bitcoin-under-counterterrorism-finance-laws-20160808-gqnne2.htmlhttp://www.defenseone.com/threats/2015/02/terrorism-finance-trackers-worry-isis-already-using-bitcoin/105345/Remember that Bitcoin's inherent disruptive nature (technology disruptor) adds to the already uncertain global financial stage. With this in mind I would like to point out an alternative for you to consider when Bitcoin's image is under attack. Gold and silver has been around for a long long time and many of you are already aware of its existence in bullion form. However, some overlook the fact that gold and silver provide the physical backbone of Bitcoin's existence. That equipment you use to mine Bitcoin contains gold and silver. That PC, tablet, or smart phone you are using to make transactions with or make a trade contain gold and silver. In the form of gold plated contacts down to that Rohs compliant solder which contains one of the best conductors in the world (silver) precious metals are there to help make Bitcoin tick. Without the precious metals and a host of many other raw materials Bitcoin obviously would be nonexistent. Unlike the other raw materials, precious metals has been monetized for thousands of years. They have always been considered a safe haven in times of uncertainty. Here are just a few of the perks of expanding your portfolio into precious metals:-Gold and silver has been backed by governments around the world since the 1980's. The United States, Canada, Mexico, Australia, China, Great Britain, and Austria are all countries that have put into law that they must provide it's citizens with gold and silver bullion as needed by demand. -Precious metals can be used in Individual Retirement Accounts ( https://en.wikipedia.org/wiki/Gold_IRA) -You can protect your hard earned Bitcoin profits from exchange related hacks that cause the Bitcoin price to plummet unexpectedly. If you are interested in exchanging Bitcoin for precious metals in attempt to solidify your investment portfolio do a google search and you will be sure to find some reputable dealers that offer up such a service. https://www.google.com/#q=buy+gold+with+bitcoinOnly a fool puts his/her eggs in one basket. Well, they have been trying to "hack" Bitcoin ever since the media portrayed it to be this "anonymous" internet money that cannot be traced back when the first stories about the Silkroad hit the news. Yet here it still stands today. But I agree with you that it would not be a wise investment strategy to put all his/her eggs in one basket and your suggestion to invest in gold is also a good and wise advice. That said it does not mean that we should stop accumulating Bitcoins. Maybe at these prices it would be bad but if it goes down to $400? Then I will not mind buying more. |
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