I cannot explain why difficulty started rising recently while BTC/$ price fallen sharply! It looks very strange...   |
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gonna leave the bitcoiners with their bitcoins. Already buying doge and others ... after this line is crossed i will refuse to use bitcoin ever. I just don't want it!
Your doge and other clones falling the same as Bitcoin or even faster! |
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Daily Bitcoins performance have been improved!
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the site will sometimes (for long periods of time) not allow any prize to be claimed and just credit the booby prize value.
It's been mentioned a few times before, giantdragon said it is due to server loading when there are too many visitors. Yes, it is true. Due to bad Bitcoin price dynamics we cannot afford better hosting. |
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The site is not loading for me. I get a blank page only.
Try again. Site works fine now! |
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Technologist =/= economist. If things indeed get more and more efficient, that by definition means they will be cheaper to make and cheaper to produce. So a family will be able to survive on the salary of only one person, again. Don't forget that we used to have less than 50% of the population employed in the past, and we did fine.
Why do you think a capitalist will pay such large salary when the crowd of million other unemployed workers will agree for a fraction of this pay?! |
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Edward Snowden shared his views on the tech unemployment issue supporting base income. As a technologist, I see the trends, and I see that automation inevitably is going to mean fewer and fewer jobs. And if we do not find a way to provide a basic income for people who have no work, or no meaningful work, we’re going to have social unrest that could get people killed. When we have increasing production—year after year after year—some of that needs to be reinvested in society. It doesn’t need to be consistently concentrated in these venture-capital funds and things like that. I’m not a communist, a socialist or a radical. But these issues have to be
addressed. http://www.thenation.com/article/186129/snowden-exile-exclusive-interview |
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Any markets are good for Bitcoin because they expand it's user base.
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You haven't lived in USSR or forgot how it was! It was horrible, communist is a failed system where humans pray on other humans
Bad argument! Many people can say that USSR's system was excellent, so it is just your personal opinion and not the fact! In capitalism people pray on the money! Is it better?! Very doubtful! |
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I love communism. It was paradise. The best economic system all time. Everybody was satisfied.
From what planet do you come from? I guess from ex-USSR or some ally. In fact, many people here regret that communist regimes collapsed. |
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Next halving is priced in.
Very unlikely! Buyers must absorb 3600 coins per day now to don't let the price falling, but after reward per block halving this requirement also will fall! |
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He should go out Iran first before posting this things.
I guess escaping Iran is similar to escaping from Guantanamo prison. |
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In 2011 there was much bigger price fall and Bitcoin only increased it's strength after!
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However, the way prices are going now, I think there will be less and less people investing in new mining hardware, so the difficulty rate will stop increasing as fast. This will go on to make it easier for people who already own mining hardware by reducing the deprecation rate, consequently taking the price pressure off bitcoin.
Even if hash rate growth will slow down it won't stop completely. Miners will fear depreciation of their rigs and run them even at loss (likely saving mined coins in hope of price increase and paying electric bills from own money). |
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I don't understand this logic, so they will stop selling and pay their electricity cost out of pocket? which will end up costing them more money out of pocket. No, they will sell Bitcoin at any market price to get at least something back to pay for their hardware and electricity. If anything, dropping price will prompt them to sell even more if they have hoarded some coins, so they could afford to pay their bills.
Miners probably will pay for electricity from own money in hope BTC/$ will ever rise instead of selling bitcoins for pittances. |
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Of course it cannot. It will settle at a nice $10.
Nobody, even with "free" electricity, will be able to mine coins at cost below $10 per one! Well, in that case it will be doomed. Was nice while it lasted  Don't seems that miners turning off their rigs!   |
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Of course it cannot. It will settle at a nice $10.
Nobody, even with "free" electricity, will be able to mine coins at cost below $10 per one! |
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I don't think BTC/$ will fall a lot below $400 simply because miners will stop selling coins below cost of production. Miners currently provide large percentage of the bitcoins sold on exchanges.
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Police forces are humans the same as rioting masses. So they can change minds at any time and join rioters with all these weapons to fight again capitalists! Remember history, e.g. Russian revolution of 1917. |
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Would I prefer a bullet from an unemployed crowd instead of changing my views? I don't understand what you mean. Do you mean would I rather conform to the ideological irrational belief system of the socialist state indoctrinated masses and abandon truth, Socratic reasoning and the scientific method?
I think you clearly understand what I have meant! BTW, economics laws are not "law of physics" and depend from human behavior (which is not unchangeable). |
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