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Companys that want to deal with dedicated mining on such large scale, will settle their mining operations in countries that are open to Bitcoin. They are not crazy to loose their investment.
Why loose investment? Well, pretty much same moment they decide to freeze someones assets, BTC is dead. It is no longer free and open. What will happen is that BTC will fork to version that does not allow such actions (probably change of algorithm) which would render all huge miners useless, which would make em loose their invested money.
EDIT: Oh man i just replayed to topic that is 3 years old? Damn....it's like walking dead....zombies!
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As soon as i saw "Bitcoin 2014 predictions" topic, one question surget trough my mind. Is there a list of last years prediction (for last year of course) which came to be or were total fail? If there is no, can we assemble list like that?
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it cost me a fucking dollar (.001btc) to do it.
You realize, of course, that the _standard_ transaction fee is 0.0001, right? Sounds like you need to reconfigure your client - you're paying ten times over the going rate. Ouch. Configuration can be real hassle  |
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Or is it step back? If you assume that BTC will rise even more ofc...
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What OP is proposing is exactly what BTC stands AGAINST. OP should think twice before typeing this kind of posts.
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Ah cool....so there is no recycle mechanism or something like that....
When i think about it, that kind of mechanism would be bad for anyone who wants to keep his BTC untouched for long period of time for whatever reason....
Anyway, thanks for answer.
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I read about guy who forgot about his BTC and dumped HDD containing wallet. I'm pretty much sure he's not only one that did stupid mistake like that.
That made me wonder...what happens with that BTC. Is it lost forever? Will, with time, certain amount of BTC be lost that way? What do you think what percentage can / will be lost?
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OP is forgetting some really important stuff.
When large retailers open up for BTC, they will attract more people into BTC. All those new people will have to buy that BTC somewhere which will drive price up, and once they buy stuff, retailer will sell BTC and drive price back to where it was. So at worst, price will stay the same.
But there is one very important thing. Just like with everything, people wont buy EXACT ammout of BTC they need. They will in most cases buy round numbers and spend part by part, which will in turn drive price up more as some part of BTC will stay at private wallets for further shopping.
For BTC to be viable on world market, it needs to spread, and once it spreads, more retailers will use it as larger amount of shoppers will have it, and when larger amount of shoppers have it, price will definitly go UP.
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I think it's because this wasn't "news". Overstock announced it would be accepting bitcoin payments weeks ago, and at that point it DID boost the price.e
They didn't announce that they would be accepting bitcoin payments, they announced that they PLANNED to accept bitcoin payments in about five months. That was far from a sure thing and a lot could have gone wrong before then (including changing their mind). So it is significant "news" that a major retailer is actually taking bitcoin. However the chart was already screwed up plus the recent bad news out of China and the mining bad news, so was too much to overcome. They are accepting BTC NOW. |
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The name of the servers are
ERIC.NS.CLOUDFLARE.COM
LARA.NS.CLOUDFLARE.COM
Campbx.com resides at CloudFlare in Europe.
I'm laughing my ass off. I have no idea what campbx is or whatever nor i care, but this made my day...i like how ppl have no idea what are they talking about.... |
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Not buying some when i 1st read about it (2012). I was too lazy to find site that sells BTC for PayPal...
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He has no idea what bitcoin is and what's driving it. It's like me writing about ballet or something like that.
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as far as i know, fiatleak is bullshit. for every transaction they show the amount o BTC bought, regardless the price. so it will always show BTCs flowing in, no matter if everybody is selling...
Well if someone sold, than someone bough right? I think that volume shown is just BTC changing hands inside btcchina. Ppl that didint withdraw their fiat are buying BTC from ppl that want to withdraw. |
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You don't invest in USD or EURO or etc... you use them.
google "forex" before you write silly things like this |
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so i just put on my tinfoil hat(smoked some drugs) and thought to myself, what if China planned this all along? what if they wanted to pump the value of BTC through the roof and then dump it all? Kings of pump and dump in the BTC marketplace?
lol same tought crossed my mind  |
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Oh yeah...i created script for this myself too. It will get you sooner or later. It took 18 hours for my script to get pwned (18 losses in a row).
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Warning...it WILL get you sooner or later!  |
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Since when is 700$ crash?!
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another decentralised currency will rule the world. Bitcoin is the first real decentralised currency but its not perfect and will be replaced at some point (but not in the near future)
Why does everyone think that BTC wont change with time? Every "doomsday" prophecy doe the same thing...they all think that BTC wll stay the way it is right now and will never ever change (chain will get too long, speed of transaction bla bla bla bla...it's like BTC will be frozen in time). Same here..it is not perfect and it will die....do you think that BTC will never be upgraded, fixed, changed? Err maybe, to be fare all old software that died could have been upgraded but still died anyway. Software that changes don't die, software that doesn't change dies. We agree with that. I think that BTC WILL change, why do you think it WON'T? Only because "some" software did not change and died, you think BTC wont change and will die? What kind of logic is that? What about all that software that DID change and is still alive and kicking harder than ever? (linux anyone?) Why do you think BTC is not one of those? |
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