Nice article.. that's happened to me long time ago. Im look stupid now  Don't be too hard on yourself, no one is born knowing everything about the world, we learn by experience, sometimes I would like for that to not be the case but that is just the way things are. That is true. But if a person reads up about Bitcoin before actually using it, then he can avoid these mistakes. Better to learn from the mistakes of others, rather than learning from your own mistakes. |
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If a person feels safer holding Bitcoin than Yuan, there is no reason why he will buy the PBOC alt.
The PBOC alt will be nothing different from a digital yuan. No threat to bitcoin whatsoever.
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Bitcoin a true rising star in Japan, i got high expectations that Bitcoin will go really big.
Japan is attracting a lot more attraction with respect to bitcoins, because of the curbs being imposed in China by the PBOC. That may turn out to be in Japan's benefit after all. |
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You could say that the beauty of bitcoin is it's decentralised nature. Chinese people have been getting around the great firewall for a long time and they will find a way to trade bitcoin. I expect the Chinese authorities will let the exchanges trade after putting in a vigorous identity verification process, because they should see it as another way for the government to earn money.
I don't think the Chinese government will ever want to stop people from trading bitcoins. They will just put enough curbs on it, to prevent a bubble from forming. Apart from imposing capital controls, the Chinese government will want to prevent a crash from happening (and ordinary people losing money). |
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Absolutely not. Being a collector and regularly trading with other collectors, none of us would ever consider collecting BTC.
A collectible is something you can enjoy looking at. Collectors also very much enjoy showing their collectibles to others. You can't do that with BTC.
Maybe people should just start collecting physical bitcoins. The Casascius physical bitcoins are a collectors' item now. Plus people have been known to pay a premium for unspent bitcoins from the block reward. A kind of "pure" collectible. |
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Sharia law also forbids investing into haram (illegal) industries such as pornography, prostitution, alcohol, pork and tobacco.
I think bitcoin would fail the halal test in this one. It has been associated with pornography and drugs since early times.  |
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My guess, the correction stage already passed and we will see the bullrun stage will be starting as soon as possible until near of 11 march. I'll HODL my bitcoin in my pouch. Sell them in near of 11 march.
All the traders who are taking a call on the approval / denial of permission for the ETF would have taken a position by now. So trading just before 11th March won't get you any advantage. You should sell at the short-term peaks if your intent is to get out before 11th of March. |
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Personally I'm now less prone to do a btc transaction since the fee market has exploded and blockstream/sidechains aren't really available currently. I was enjoying speding btc with sites like humblebundle, but currently is really a pain. It's just me or you are on the same boat?
It definitely has. Once upon a time, I used to send transactions with *zero* fees, since the inputs were old and the transaction was a high priority one. That seems like ages ago to me. Now a days, I am very careful while using bitcoins and have basically stopped using them for micro transactions. |
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One unintended consequence is that the Japanese have gained more prominence. The real crackdown on Bitcoin by the Chinese officials will come when they introduce a rival cryptocurrency. Until then, all these measures are actually soft steps.
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bitcoin prices really go up and almost touched the $ 1,200 price. I believe, tomorrow for sure the price has exceeded $ 1,200. the speed of price increase is happening so fast. I just hope that these prices will be completely stable in the long term.
I think the price will still not touch at $1200 value and i think the price could be still stay long in this price.. or the price could be decrease soon.. Just lets hope that the price of bitcoin will not go down below $1000 if its happen the price could be increase and touch to $1200. What do you guys mean? 1220 was hit last night. We've already hit 1200 several times There is strong resistance at $1200 levels. We hit it only fleetingly. As soon as we cross $1200, a fresh wave of profit booking starts. We have to break $1200 conclusively - make it the new floor. |
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Even if Segwit is implemented, we will see full blocks very quickly. Increasing block size is the scalable solution.
Unfortunately, consensus on this doesn't seem to be forthcoming. Everybody agrees that there is a problem, but we seem to be stuck in status quo.
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How long ago was this known?
I think it was since September last year there was a breach in their service but they didn't report it until just now.
I hate when those companies hide these things when they actually do happen because they are thinking they are somehow doing "Damage control" but actually making it much much worst for them not notifying the public of these customer information have been comprised type of scenarios.
According to their blog post, they managed to solve the issue in less than 48 hrs. https://blog.cloudflare.com/incident-report-on-memory-leak-caused-by-cloudflare-parser-bug/I don't think it was known in September. It was reported by Tavis Ormandy last Friday. |
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What do people think a bitcoin worth will be in 6 months?
I would go with $1700, because Bitcoin really seems to be ready for a break out now. We have flirted with $1200 and retreated quite a few times now. Once we cross $1200, I think Bitcoin would move substantially upwards before settling down. |
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This would be a nice test case - what happens when the Government intervenes in cases like cryptocurrency. Hopefully, other governments will learn from the blunders of the Canadian government. |
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Popular cryptocurrency exchange Bitfinex came under DDoS attack on Tuesday. Hong Kong-based Bitfinex has sent out several emails to its clients to inform them of the disruption, but the exchange is currently accessible - albeit only after visitors undergo a check by DDoS protection service, Cloudflare: http://www.razor-forex.com/2017/02/bitfinex-top-bitcoin-exchange-comes.htmlThe article doesn't mention whether there were any ransom demands. It is kind of pointless to do a DDOS without any ransom demand (unless you are an unethical competitor). In any case, they have got cloudflare now. It is a minor irritation, but better than not being able to access the website. |
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I noticed the other day that Egifter is now only accepting Bitcoin payments via a Coinbase account. And it looks like Gyft.com has added Coinbase integration too, presumably with the intention of squeezing out vanilla Bitcoin payments eventually.
I assume the main reason for this is cut out on chain transactions as they're now too expensive and slow to get the confirmations they need to release digital goods safely.
Is this a short term blip or the wave of the future? It's a little uninspiring if it's the latter.
Adding payment processors allows companies to receive fiat in their bank accounts, taking out the effect of bitcoin volatility. I am not sure about Egifter and gyft.com, but this could be a reason for other companies, who primarily deal in fiat, to add payment processors. |
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The debt would probably be much higher, because a lot of money flows through the shadow economy, which is unaccounted for. A bursting of this bubble will trigger a crisis far worse than the subprime crisis. Let us not forget, China is the engine which pulls the world economy along.
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inheritance only serve to make an unfair world where people will get things without any merit
the tax should be 100%, so no unfair advantage for anyone
How is saving and working your ass off your whole life in order to be able to leave behind some things for your children and loved ones unfair?? Wanting your children to have a better life is now unfair? That's exactly the kind of mind frame you'd see from lazy ass people who do nothing but whine about their own sorry life. Resenting the good fortune of others. Wishing everyone else would be as miserable as you. It's like, I don't get any so why should you get any. Pure fucking Envy. Merit? Just because you weren't fortunate enough, you wish the same for everyone else. If you didn't get any, then make your own. Why whine about 'unfair', 'advantage', and all that crap. You don't like that other people get inheritances from their parents? Then work and make sure your children would have that privilege as well!  And FYI, inheritances are not just about the $ value. Sentiment is likely a foreign concept huh. My sentiments exactly. And 100% inheritance tax is laughable. You just incentivize everybody not to save money, because the government is anyway going to take it away when you die. After paying income tax all your life, it is depressing to know that your estate will be taxed as well. The government should be rewarding the hard workers, not robbing them to pay the free loaders. |
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Or they could be short because they have inside informatiom about the ETFs.
Do you know when these short contracts expire?
Bitfinex doesn't have short contracts. They can hold them as long as they don't get margin called. OK Thanks. That means whoever is holding the shorts is gambling that the ETF is going to be either denied, or the decision postponed again. They are also hoping that Bitcoin doesn't rally wildly before the decision is made. If we see a move up by $100 or so, we are going to see a lot of margin calls being made. |
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