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Remember that gold too IS NOT MONEY
Bitcoin is digital gold, so of course it is not money.
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Of course there is no way to know if it is safe
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To me this look like a bubble, just inverse. In a bubble people wait for the peak to sell, now people wait for the bottom to buy
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C'mon guys we had a bubble in 2011, we now had a bubble in 2013, bitcoin didn't die in 2011, why the hell should it die now??? Did fundamentals change? NO
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Could there be a sittiuation, where gox not have the amount of fiat people want out
if this is true , it could be the end(?) of bitcoin Nah, I don't think so. But the end of gox and hopefully the end of the cargo cult. Bitcoin doesn't need them to survive. Finally someone quoting the cargo cult when refering to bitcoin exchanges! Because it is exactly how most exchanges are built, a cargo cult |
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But why would they do that? It would likely severely hurt the price of bitcoin and it would cost vast amounts of money for the needed electricity. A government/bank/entity attacking bitcoin to protect their ability to print trillions of dollars obviously doesn't care about spending some millions for this attack It would be even harder for an outside attacker, as they would need to beat the vast computational power of the network. Nah, some millions of dollars would be enough. Maybe some dozens. Basically what the FED print in a day or so. |
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It is easy, if you have the majority of the hashing power, you can do what you want with the blockchain, because your will be longer. You can just make new blocks and refuse every other, maybe including only the transactions you want. You can even rebuild the blockchain, for example you can start from 6 months ago, rebuild it as you wish to today. Your chain will always be the "longer" (note that with "longer" the difficulty is also included, 1 block at difficulty 1000 is "longer" than 10 at difficulty 10) because you hold more than half of the total hashpower.
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Ahahahah nice joke  |
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Traditional banking waste much much more energy  |
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Anyway, both are fine. Multibit and Electrum only download some megabytes and have a good interface
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The wiki page you linked. What is wrong? Tons of things, maturity is back at 2011. The "no backup" thing doesn't make sense
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Crunching via BOINC is like donating to a charity, just, you donate your computing power and not directly money. Bitcoin is different, this is not a charity, if you are losing money by mining then don't mine  Oh and i do BOINC, there are tons of awesome projects www.worldcommunitygrid.org |
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Both are ok. Bitcoin-qt is a full node client so it will download the whole blockchain, 8GB That page is epic outdated anyway. Tons of wrong things  |
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I prefer "digital gold". Leave the anonymous part out, almost no one care, it makes bitcoin look shady and it will be implied once you say that it is decentralized and no one control it anyway.
Explaining it to dumb people is always hard anyway, people who never cared how informatic work? Chances are they won't care to understand what bitcoin is
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The great bitcoin crash: from 3 to 95 |
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No one is forcing you to do that, if you find yourself losing money then please stop losing money But don't assume that OTHER people too are losing money |
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A visionary I am, a techie I am not (yet). Yeah, too much visionary, what you said don't really make a lot of sense Fighting a ddos with hashing power? nonsense |
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Buying an iphone today looks like a fail to me
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