That's the nature of the business. NASA blew up piles of rockets in the 50s and 60s. He's doing it out in the open and his averages are probably lower.

The design and manufacture takes place in China. I think the chances are that they'll keep the latest and fastest mining rigs for themselves. Why give up an advantage?

It's purely because it's mined with GPUs. If it was still possible to mine Bitcoin with them there'd be thousands more Bitcoin nodes than there are these days.

I quite often spot legendary members I'm completely unfamiliar with. I suppose they're dropping in for the first time in a while. Then I never see them again.

It wouldn't make a jot of difference. No customer is incentivised to use it.  It costs money to procure,  it's unsafe to store for most and refunds would be a pain up the arse.

The only way it might cause a blip would be heavy discounts and their margins must be too small on most things.  Great for existing users.  The rest of the world still won't care all that much.

As for the sell pressure thing,  bitpay said most of the coins they handle go straight to otc buyers and stay there.

no one's going to compete with the Chinese.  The combo of giveaway power in certain areas, hardware design and manufacturing plus reasonable and skilled labour is unbeatable.

I don't buy china as the place with the most users.  The most mining and trading takes place but other than that they have no use for it there.

I'm sure it's up there but the US must have the most actual users when you take commerce and the quantity of services there.

That Indian article is the first time I've ever seen any mention of Bitcoin getting anywhere there, er, ever. How did 1 million users suddenly arrive?

Fair enough but it doesn't add up to me. Why take an alt which is just as likely to plunge as to soar? And Litecoin seems to be the Coin That Never Budges so I don't really get why anyone would want to inconvenience themselves to speculate on something even more sluggish than Bitcoin.

Um, there wasn't one. Someone mumbled something about not having to sell their alts or something as we all know what a strain it is doing 3-5 clicks. I gave up and continued with my life.

I've asked this question a few times and failed to receive a satisfactory answer. It's best to leave them to it. They all must have a mysterious agenda we're not being informed of.

The real Hilary was in the wings controlling her android from her death bed. You heard it here first.

I'd be surprised if it stayed on top after another four years of nothing. There'll be ever sexier and cleverer competition.  Even if it's technically shaky most people are only here for the dollars so they'd chase that.

Don't forget the 'free market' too. I love being free enough to have coins taken away by faceless pricks with no comebacks.

He's not really doing his rep many favours lately. He's correct that unless Bitcoin pulls its finger out to do something about scaling then it's going to be left in the dust. That's just straightforward supposition.

ETH? Nigger, please. That's looking creakier by the day. Ultimately it'll be one of many that paves the way to something that really addresses the prime gripes. Perhaps that'll be a recharged BTC. I think I'd rather put my money into something more dependable than ETH such as ostrich farms.

At present with the general utter deadness if you wanted to earn $1000 a day trading Bitcoin you'd need somewhere around 1,500,000x leverage. A 1 cent drop would completely and utterly destroy you.

Half a million dollars no longer goes very far in BTCland. What are they going to spend it on? I assume a few hundred Amazon nodes that'll disappear all at once again.

I wouldn't use an exchange and I wouldn't use some random off localbitcoins even if they did have access to that number of coins. I'd use proper professionals such as Genesis Trading. That's what they specialise in and they have a proper reputation to keep alive.

I've got computers pouring out of my arse and I do indeed use a separate laptop for anything crypto related. It looks like shit and has had the keyboard removed but it also has a brand new HDD and has been 100% reliable for many years.

You can get a perfectly good machine for $50 off Ebay these days so it's something worth considering if you're not A1 security wise.

There was a forum that was hustling here that every single poster to post on it. By the sounds of it they moderated quite insanely and took an age to pay out so the place was as dead as a doornail. I've no idea what the funding model was. If I find it again I'll post it.