i am 25 going to 26 years old.. but my bitcoin age was not yet 2 month old...  And study of English language less than 2 month old also... |
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if only we can fix this flooding of transactions with upgrades would be really great
The flooding of dust has not affected any of my transactions as of yet I don't think it's as big a panic issue as some people think.... |
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A good question OP i have thought about this before.
Interesting answers so far but 2 questions of my own
1) Who would sign off on the coins actually being lost and would we ever trust any 1 person to do this?
2) I know there is a blockchain.info address that you can send coins to that can never be recovered, do these coins get replaced? Can anyone supply that address for me please?
I presented a way to "spot" lost coins: they would be out of use since years and years. Bitcoins has not been around since years and years but last year 5,5 million bitcoin was untouched for more than 2 years. Relax, those are mine... I'll move them when I'm good and ready  |
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if price reaches 10k So you will only absolutely sell your coins if they become worth that much? I think you'll be waiting a while. People seem to have unrealistic expectations here. I'm also sure most people would sell long before their estimates. I bet if they shot up to 1k again many people would quickly off load them. And then cry a year later when they hit 5-10k I remember this conversation from years ago when everyone had thousands of Coins and they were approaching the alt of 30"odd usd Same shit, different folks |
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Mine is fucked, it keeps crashing with a reindex the block chain error
I'm going to have to delete the lot and start again from scratch
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Bitcoin is just money. Why would you do anything different with it than you do with any other form of money?
Because just another form of money probably wont grow 10-100 fold in lets say a decade etc ........ with bitcoin that crazy unpredicaible growth is always a possibility ........no guarantees but i believe it will or i wouldnt be here |
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If the price would still be around 270$ in 2020 i honestly would not be super surpriced, perphaps i would raise one eyebrow, but nothing beyound that.
I would not be super surprised too, it can happen as we see the current price is not what we want. And we didn't speculate that it would be so. So I think it would go 500$ - 800$ maximum by 2020 (5 years from now is not much) The next alt will smash through the ceiling compared to the last one which was based on practically nothing except rumours and mt gox... I'd anyone wants to bet the price will be the same as now in 5 years, I'll gladly take that bet |
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it seems to be a very difficult thing to verify/determine with certainty. Because Bitcoin is divisible into much smaller units, I don't think that "lost Bitcoin" will really be at the forefront of Bitcoin-related issues any time soon.
Only way to determine it,it's by means of news or reports from people who lost it When I found out about BTC a few years ago I started buying Because I knew the potential as soon as I saw it I told a few friends about it and a couple of them bought a few, they lost Interst in it and didn't bother to keep their wallets safe or backed up They didn't have much but those few BTC are surely lost because there is no copy of the wallet file and they don't know the password either so even if they had it they couldn't use the coins - double fucked for lack of a better word They had to watch the epic rise to $1200+ knowing they had coins that cost between $6-10.....im sure there have been much larger losses and thefts but these are just a couple I know personally |
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I would sell all my Bitcoins only if the price will go up to $10.000/unit. That would make me a very wealthy man.  If the demands ever hits 10k it can only appreciate upwards from there I still wouldn't dump at 10k when we get there |
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They have good low interest loans actually. I just took out a $25,000 loan at only 3% interest to buy bitcoins...
Well your rather silly move might win and it might lose, ask the OP if going all in is a wise idea  Have to say though it seems you might have better odds that gaining a profit but who knows. One thing is for sure you should never get loans to buy Bitcoin, you can't afford it bitcoin then don't buy. I smell a discrepancy in his "$25,000 dollar loan @ 3% interest" .... Either he has an income and credit rating that is good enough to allow for a 25,000 dollar credit line ... if not then he is talking about a 25,000 dollar loan from a LOAN SHARK at 3% interest a day ... side note: he needs to clarify his terms on the loan year... principal ... fix or apr etc ... Why would anyone need to clarify anything to a window licker like you? Ignore list sure is filling up today lol |
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Seriously wtf is this forum becoming, its 4chan full of trolls and spammer. Stop this shit spam. There are already ongoing monero Threads, GO POST IT THERE NO NEED FOR A NEW THREAD FOR EVERY NEW COMMENT!
If this is your marketing strategy then you better stop it cus it aint working.
What's a monero? |
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I invest 30% of my money on dogecoin
Lol |
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And I mean really, really lost.
A lot of people can't remember their passwords after 4 minutes since they set it up.
But apart this, there's several ways bitcoins can get lost, like in example if you have a wallet on a USB key and this breaks and you have no cold backup.
This will inevitably bring, in the future, to less than those 21 million cap.
And they WILL keep going down.
Is there a plan to reintegrate them?
At the moment, not. but It's just a consensus thing, and could "easily " be changed. The divisibility of Bitcoins is how the lost coins problem is handled. In short the money supply can be expanded by having the value of Bitcoin increase such that people will be urged to spend/sell to those the increasing demand. I would NEVER agree to the 21M cap being raised and neither would anyone else who currently owns any btc as it would signifigantlly devalue any benefits of being an early adopter and believer in this technology To raise the cap to something like 21Billion for the saker of argument would make every coin worth 10 times less how would the winklevoss twins and other large holders feel about that ? consensus lol ......i doubt it people have also invested x amount because there will be a signifigant reward halving in 2016 and and the next one after that when a steep rise in value is predicted ,to start monkeying arounnd with the coin supply now would just cause people to lose faith all together since thats equivalent to irresponsible governments printing cash from fresh air now etc etc |
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Hey guys, is it possible to send a prepaid link to a friend to watch it ?
Also, the 24hour countdown restriction is inappropriate..
isn't this based on account, you can just create another account on vimeo buy the thing and send your account to your friend Didn't notice vimeo accepts bitcoin.. do they ? either way, I don't like the 24h limitation.. I think they lose some customers by the limitation.. You can pay with bitcoin and download the whole thing here https://www.theprotocol.tv/bitcoin-the-end-of-money-as-we-know-it/he could also pay $6 to the donation address and send his friend a link to view the torrent im amazed nobody has uploaded it to youtube yet........... |
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If all of the bitcoins are only held by a few individuals, then there is no way for the price to become that large. The only way is for the bitcoins to be spread among many people so it can be used effectively for a variety of services. And in that case, there is very little likelihood of you becoming millionaire.
you mean like gold ? oho wait ....... |
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...I'd need the money to help someone I love.
Well it depends on how much bitcoin you have, if you have much so you don't need to sell all. But, I think its not a smart way to save all your money in bitcoin for now, just separate your money for cost of living and unexpected events (like help your family or other person you love) with money for convert to bitcoin. You can diversify your money into different products. And If we talk about selling if you are earning profits at present as compared to your initial investment that you made in bitcoins I think you should sell it and make profit out of it and wait in future for prices to lower down so that you can buy it again. If I hold 10,000 btc now I can dump at $300 a piece or whatever rate I can get today I gets my wad of $3m in cash but what happens if I can't buy them back again lower? I have effectively sold my potentially winning lottery tickets for 300 each when they might be worth $10,000 each pretty soon.... This is a risk I imagine long term holders won't take..... At some stage btc is going to cross a price point it won't ever return to...... Its a gamble you need to think very carefully about |
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For sure, a fully minted bitcoin will not consist of 21 mil but has anyone done some serious calculation and estimation on how many bitcoins is accessible out there of those mined? I regularly get rid of wallets with just a few satoshi's to keep the Multibit neat. Then we have Gox - and Mr. Nakamoto's premine which probably never will be used.
gox ? stolen coins are not lost ,theyre just no longer property of their original owner i dont see any reason to believe the gox fortune has been burned forever and will never be cashed /traded /spent |
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if they were trying to capitalise on profit they should have done a documentary on something else
even before i heard about this i would have known that a community such as bitcoin (geeks and hackers and programmers and scammers etc )
are going to rape my work for free via torrent or any other means they can
i doubt theres a single bitcoin user who doesnt know how to download a movie with utorrent etc so if something is available free ,most will take it for free
and keep their $6 for something less easy to steal ( like a big mac etc )
i am glad its being distributed for free because it helps awareness and adoption which is the overall goal and i will donate some btc anyway simply because of that
but i a not a bit surprised they will make hardly any cash from it since people dont think twice about downloading hollywood blockbusters that cost tens of millions to make
and actually are popular with a mainstream audience, bitcoin which cannot possibly expect any more than the latest tarantino movie which is also going to get shared millions of times for free before its even out on dvd etc
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if there was a way to regenerate lost coins ,people would also want a way to regenerate stolen coins and it would leave a huge hole in the system
of who decides when and if a coin is truely lost forever ........
some coins may appear lost and are in someones inheritance who is still a baby etc
satoshis coins may well be unretrievable ,but whos to say he wont come back and retrieve them ? the core principals of bitcoin
were a finite money supply without any manipulation possible ,i would like it to stay that way
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