"640 kB ought to be enough for anybody" - Bill Gates ... and look at us now.  ... Bitcoin allow for scaling, but you should not run into it with closed eyes, hoping you not going to kill yourself. This experiment needs cautious people with open minds... putting investors interest first. I would like to see bigger blocks, but not at the expense of the whole experiment. LOL, bitcoin block size can't be estimated, maybe in 2050, bitcoin block is 100MB, who knows? At that time, there will be over 10 M or even 100M people use bitocin, the population will be 10 B. It can be estimated. The blocksize is too big if it does not allow for users to run their own nodes in a decent computer. It's as simple as that. If the node cannot be run on single computers but on specialized computers/farms, its over. Right now 1mb is a sweet spot where it allows for it to be run on single computers. Can bitcoin use dynamic block sizes like the one Monero uses? That could be the future of all cryptocurrencies and I am all for experimenting on it using a testnet. For now the core developers can raise an argument that there is no need to increase the 1mb per block limit. But they have to plan it well when to change the block size limit or use dynamic block sizes. They cannot avoid the issue and take it lightly because there will come a time that they will have to increase it. |
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I do not know why you are all taking OP so seriously but is there a chance that he is trolling? I have seen him before at Politics and Society and some of his threads are conspiracy theories that are way out there.
But for what the idea is worth maybe a food token could be worth something. I am thinking something like "crypto food stamps" that are accepted in exchange for food items in a grocery store. They cannot be counterfeited, double spent and the transactions are transparent on a blockchain.
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I believe XMR is the safer option if you want more anonymity. Bitcoin mixers are centralized services and could be compromised be hackers or maybe even investigated by the authorities and be forced to show the inputs and outputs that came thru their mixing services. Dash's master nodes are also vulnerable to attacks and government investigations. Some people also think there is a possibility that they could collude.
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Hello sir. I would like to join please. Thanks.  Name: Wind_FURY Post count: 327 Rank: Member BTCitcoin address: 1K8YU541hTAEyjvpXvbXSQEKCmSXXesfHT Profile UID: 844914 |
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Hello sir. I would like to try my luck in joining your campaign. Please consider me. Thanks. Btctalk name: Wind_FURY Rank: Member Post count: 326 Btc address: 1K8YU541hTAEyjvpXvbXSQEKCmSXXesfHT |
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Hello. I would like to join this campaign again. Thanks.
Name: Wind_FURY
Post count: 325
Rank: Member
Bitcoin address: 1K8YU541hTAEyjvpXvbXSQEKCmSXXesfHT
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[Announcement] Due to issues with our parent company, we are no longer able to continue this signature campaign. We will pay all participants for posts up to September 8, 2016. We thank you for your support and hope to meet you again once more in the future.
Thank you for the payment and thank you for the opportunity. |
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All the idiots that still don't own any bitcoin will keep going FOMO every time it goes up. They are pussies scared to get in and once it starts rising they get in quick.
We will be at 1000 next year granted.
Bitcoin is always "on its way to $1000". The problem is we do not know when. There will also be times that it will go low for a long time and in my opinion that is the best time to buy. At prices under $5000 - $10,000, BTC will be volatile because it's movements go in the hundreds or more. Percentage wise that will be very volatile. BTC needs to reach the price of $10,000 or more the the hundreds of dollars of volatility to be negligent. In the very long term I am a believer it could really happen. But the problem is the question when? |
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Next time it would be a good idea to increase the transaction fee that you give to the miners. An idea I use is to look at how much the suggested fee is by clicking send at blockchain.info and then put the amount and then go to advanced settings. From there you will see the suggested amount of transaction fee needed to assure you that your transaction gets included in the block. The fees are always over .0001.
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The voting system can be manipulated by a group of shills, and that would sabotage any good news coming from this platform. I support your idea, because I support competition and unbiased reporting on different matters. Once these power house media outlets starts to dominate the scene, we might see some censorship, which will not be beneficial for the community. ^hmmmm^
This is the sad truth of it all. Because it is in our very nature to be greedy for a lot of things, money and power being on top of the list, any voting system in place can be rigged and can be gamed for the interest of an individual or group. The challenge here is to set up a fool proof system that disallows this. With the current developments in crypto technology I believe we are getting close to finding a solution. |
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I suppose everyone already considered the data compromised even if they did not see it officially on sale, I changed my passwords after every recent issue occurring in BCT as well as the CEX.IO data compromise and I changed all the passwords used on these sites. I think everyone should do that as well.
cex.io was hacked? I have not heard about this. Please post more details about it and when it happened. To my knowledge I have not heard or seen any hacks that involved cex.io funds being stolen. |
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What do you say?
It seems Clinton being all in on Goldman Sachs will be for Bitcoin.
Trump on the other hand seems to have something else in mind.
My first impression is that Trump would be more likely to embrace BTC than Clinton. All in on Goldman Sachs? That is bad for Bitcoin. If they really have any interest in cryptocurrencies it is only because they could make money with it and to their own advantage. They do not care about anything else. Trump on the other hand is more open minded when it comes to these things. He might be skeptical and not all out in the beginning but give him time to understand. He was the candidate that said that the war on drugs has failed and that regulation is the way to control it and to lessen the crimes connected to it. That is a very radical statement. Imagine how he will think about BTC and cryptocurrencies if he has truly understood it. |
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But you have to put a little faith in it. Bitcoin and blockchains is quite new to us. You do not think that we are only scratching the surface here and have not seen the full potential of the technology? I believe it would take a while before we could all embrace it to become a part of our daily lives. It is like how the people from before fully embraced paper money. It took a while, 400 years I think before our ancestors were able to let go of their gold and silver coins and accept to use paper money.
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The better question would be, could this be used as an implementation of anon transactions using the Bitcoin blockchain? If it can then why not, right? It will be better using the good old reliable BTC than using an alt that could turn out to be a P&D.
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That's an interesting thought. I wonder how people will value those sidechain tokens in the exchanges then. To my understanding, in order to receive tokens in the sidechain, a certain amount of BTC must be locked. How many tokens would that be would depend on the developers I think. So if 1 BTC = 10 RSK, then I think that would be a constant. So if RSK is listed in an exchange the fair price would always be 1 BTC = 10 RSK, but BTC's fiat value always changes. I think that would play a role in the changes of the value of RSK too. But bottom line you will receive 1 BTC back to the main chain if you have 10 RSK.
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It would be better if the show was about an altcoin group creating a coin that intends to scam people. The plot will be more exciting on how they con the bitcoin and altcoin worlds into believing that they are creating something new. Who is the most famous con artist in all of crypto? They story could be based in his exploits.
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Isn't it strange that we are getting DDOSed after this news? Is it just coincidence or is someone or there is a group out there attacking BTC? Are there people out there that hate this community?
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With several expert Bitcoin price predictions for 2016 tapping out at $1200 the coming year will prove the worth of the digital currency once and for all. The optimistic Bit coin price predictions represent quite a turnaround from the start of 2015, when the price of bitcoin was bottoming out firm the bursting of the late 2013 bubble and the Mt, Gox meltdown. If this happens, I will personally sign you a video of me doing the money dance buck naked, I am sure you will be doing the same too.
Can you please post where you got these expert bitcoin price predictions and what exactly their predictions are? I would like to read them and know who the experts are. Thanks. |
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How much do people who lend out coins on Polo make? I see that it is very competitive and the rates can go really low. So if I have 5 BTC, how much should I expect to earn from lending on a monthly basis?
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I feel like Bitcoin is never going to properly go to the next level until we fix the problem of centralized exchanges. I feel everytime a great improvement is made that makes the price go up, it gets ruined thanks to some idiot in charge of a big volume exchange getting "hacked".
Centralised exchanges aren't the problem. It's centralised exchanges run by dishonest or slack morons that are the problem and the Bitcoin users willing to put up with unacceptably shit service who permit them to exist by giving them business. It really feels like a lot of Bitcoiners still don't quite live in the real world. Would you put your life savings in dollars into a bank on another continent with unclear ownership, no regulation, no proven reserves, no physical address, no proper contact details and no transparent security arrangements? I would not. I won't do it with Bitcoin either. If an exchange was run by NASDAQ then there wouldn't be any major problems. Gox was a no brainer. Bitfinex was a no brainer. Neither are professional or regulated organisations. Isn't the purpose of bitcoin is to eliminate trust in the equation in making transactions and trades? Wasn't it written in Satoshi's paper? https://bitcoin.org/bitcoin.pdf"Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model" The problem IS that. The trust based model that is mentioned in Satoshi's white paper should be replaced by a P2P, decentralized, trustless model. Bitsquare.io is in the right direction, if only more people with the skills would put more time and work on it. |
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