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I have seen lots of local good news lately. It think people has no idea of what's going on with the blocksize problem eyond the people that are active members of the community.
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This warrants more community investigation, and should we find it to be true, we boycott Blockstream and go with the 20MB increase.
It makes no sense to reduce it to some sort of conspiracy theory. The lightning network has positive features and negative ones, the 20MB increase has positive and negative ones as well. Ideally, we would need boot. |
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I'm still holding, even though the price just keeps going down. I believe in bitcoin -- I'm heavily against modern monetary theory.
Im a 2013 user and I think you are doing the right thing. 1 year or 10 years, electronic payments will rule the world. Cash is going to disappear in our lifetimes with 100% of certainty. |
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I somewhat agree. Just like the world wasn't ready for personal computers, the world isn't ready for Bitcoin just yet, but when it is, you'll regret not having a bunch of them.
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So Satoshi just made the mistake of handing the alert keys to Gavin and now we are stuck with him or what?
How can we fire Gavin? He is clearly trying to damage Bitcoin.
What is your alternative to fix the incoming 1MB block size limit? because we are headed towards a dead end. Gavin's solution is simply a proposal. |
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in the end are miners that will decide, like i said, , but why 90%, would not be sufficient 51% for this?
That's exactly the part people don't understand. The fork does not go live until 90% of the network announce that they're ready for the fork. still i can't understand why the network need 90% to go live, 51% usually define the majority Afaik 51% just means danger zone activated, but it doesn't necessarily mean at soon as you hit 51% attacks are effective. |
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BTC-China was leading a decline of today’s price wave to the downside. The decline reversed at $235.02 (Bitfinex) and 1460 CNY (BTC-Cina). Technical analysis looks at the prospects for the coming days, and we examine the lull in Bitcoin price movement during the past few weeks. ... Continue here: https://www.cryptocoinsnews.com/bitcoin-price-not-moving/What is your thought about that article? In these days the bitcoin world was 'attacked' with a lot of news but the price is 'locked'. The range of price motion decreases over time and narrows to a virtual flatline. There are two common explanations for this: 1) market participants are unsure about the direction of the larger trend, and 2) the underlying psychological engine of market activity, namely volatility, is ebbing prior to a sudden onset of buying and selling. My favorit quote There are a lot of people with severe doubts about Bitcoin now with the blocksize thing. We need to solve this before we can aim at a solid recovery. Personally I don't fear this will have any impact on BTC and things will turn out ok, but it's a reasonable concern. |
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Yes bitcoins will be around in 5 years time i guess the price will be in the 5 000-10 000 usd/btc range if USA hasent defaulted by then, otherwise the price will be infinite verses that currency.
If it does not destroy itself, it will be around. Let's hope that the devs stop fucking around and reach some consensus. I wish satoshi appeared and gave his real view on this already. We need some sort of guidande from the creator itself, otherwise devs will fight over bigger block size or 1MB block size forever. |
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Let's not guess, let's do the math.
freebitco.in is the faucet I've used. Today they're offering BTC0.00000861 per roll. At today's $233 BTC price, that's $0.002 per roll.
So, 10 rolls x $0.002 = $0.02
100 rolls = $0.20
1,000 rolls = $2.00
10,000 rolls = $20.00
100,000 rolls = $200
In BTC...
10 rolls = BTC0.0000861
100 rolls = BTC0.000861
1,000 rolls = BTC0.00861
10,000 rolls = BTC0.0861
100,000 rolls = BTC0.861
No, let's see how much time there is in a day to roll. Afterall, you said you wanted to crush it, non stop, right?
1 roll per second is likely not possible due to the timers of the faucets, but 1 roll per minute is possible. Let's go with that. 60 minutes in an hour, 15 hours a day (you said you want to work at this) = 900 minutes (and potential rolls) per day. That'll give you just under $2 per day in earning potential. I don't know how far it gets you where you are, but at least you now have a real idea on what's possible...and how much effort it requires.
Cheers!
Yeah, working full time on Faucets is just mental insanity. Might as well work in McDonalds. As for me I make BTC with my wage, so it means I get it monthly not weekly. Well get paid a bit for the signature campaing weekly, but not much. Definitely better than faucet method tho. |
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I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.
in the end none will collapse, i don't remember any collapsed fiat in the past, and there was a bigger crisis than this(wall street crisis if someone remember) You don't remember because it happens about every 70+ years. But for now no dollar collaspse. The US stock indices aren't even down to where they were three couple ago. At the beginning of April the Dow was at around 17,700 and the NASDAQ was at 4,317. |
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I've read the government in Spain treats Bitcoin as a currency and not an asset, therefore exempt of VAT. I don't see why they wouldn't allow for it.
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Another misleading title.  Which part ? It is quoted from his comment as it is... You took two things which Maxwell told and made it one-like. This will make people think in a different way. Moreover, he didn't tell "I will sell my coins and will move on with other things", instead he told, "if Bitcoin goes a centralizing route, I will find other things to work on". Both are different. If you read the full statement that he has made, it'd be clear to you that he considers the adoption of Bitcoin-XT as the centralized route. When the 1MB maxes out and confirmation times blow out, and the press articles appear savaging the "community" that failed, the ensuing PR disaster, and price collapse, a lot of full nodes will go dark - and then Gregory Maxwell will see the route to centralization. He might say "oops I didn't expect that", but it will be too late. So if Maxwell doesn't want to fork and create a 20MB+ blocksize and stay with 1, what are his proposed solutions? |
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Hello everyone, I want to know if there is any advantage in having dollar as the first international currency? Can US do print money and use it as a tool for paying its international debt,..?
The main advantage of dollar is it's network effect. Just like Bitcoin is the undisputed king of cryptos, the dollar is the undisputed king of fiat. No one is going to reject dollars out there. Therefore, they can get away with printing and printing, and people will keep accepting it regardless. But make no mistake, it's destined to collapse sooner or later, is just physics. Hmmm, yes I think this will happen soon or late but I think it is a big advantage for us now and if it was not maybe us was a much weaker country. Yeah, if you are already here and specially if you already own 1 BTC at least, you are lightyears ahead of the common and not so common folk (big gold holders, big fiat holders). It's all a matter of who will be shaken in the long way up and who will resist the following boom burst BTC price cycles. |
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Gold might be a glittering temptation for investors looking to fatten their investment returns with a relatively safe commodity. But it's far from foolproof. Indeed, gold shouldn't be considered an investment at all. Rather, the precious metal acts as a hedge, or a way to try to protect wealth against the risk of loss in such asset classes as real estate, equities and bonds. And I believe Bitcoin do the same as gold in the world of Cryptocurrencies.
Bitcoin still has a way to go to be considered "doing the same as gold but in Crypto". Bitcoin is objectively superior in every aspect, except for the fact it's still too new for the old money to trust it, they still see it as something weird and all that money will stay in Gold, I think until a generation or two later where their inheriting sons will move tons of money into Bitcoin (think the Rothchilds and all those guys, just a couple of them securing a % of their wealth on BTC would drive the price up a lot). |
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I'm not sure whether it exists but in a real world, does equal rights and opportunities is really possible? Fact is there will always be loopholes and a way for a person to be more well off compared to the other. So no matter how perfect the system is, it will cease to exist if there is no way to reward and give a bigger piece of the cake for those who manages to outperform the others.
At least with BTC we know the fundamentals of the game can't be rigged (no one can modify the supply and create infinite money for them at will). That alone defeats fiat as superior currency. |
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Brainwallet is just so convenient: say goodbye to constant backups and having to carry a trezor/usb/whatever, say hi to HD wallets and privacy and accessible wallet everywhere.
Of course, security is an issue, Andreas has addressed this before. So I would use brainwallet only for small amounts of BTC that you want to have accessible everywhere, never for your main amount.
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buying and holding. that will make your bitcoin grow..
thought I just buy and buy so I'm always running out of bitcoin.
If you always buy it everytime yes your bitcoin stacks will grow but the value of your bitcoin will stay the same and you can still make no profit from it with just do all buying and holding it. I dont think that will be a good method to do since there is a chance to lose the value Maybe lose in a few time but if you have exactly or timing the right time to sell it . It will be worth it and you can now enjoy your coins. Exactly that's what i don't like in trading , Holding mean just that you will sell later but in a long term its not a guarantee method to grow up your bitcoins . Bitcoin Boy . You can guarantee the grow of your bitcoins because you are only waiting for the time and for sure the price of the bitcoin is high so that you would sell it. Yes may be it will guarantee you to make profit and grow your value too but in the end you still get low payout because you just wait the price go higher then you sell it that is not a good way to grow it. May be yes it will grow but the time you take is too much to get profit You need to be faster and earn more You can do your real job until the time comes to sell your coins. You can get a high profit but slow growing of bitcoin. How about if I said I did not have real job? This is my job for now having this coin to earn my money to pay some bills. All I need is high profit altough my bitcoin is growing slow never mind at least I got my profit. That is for sure Your job is what exactly, the signature campaign? where do you live that you can make a living off that? You aren't even Sr Member. You must post a lot? I dont really get what you mean. And there's isn't going to be a bubble worth risking selling BTC anytime soon (everytime you sell BTC, you take a huge risk by putting yourself out o the game way too early). |
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I don't think a service like this exists (or will anytime soon) because of chargebacks.
Let's say you sell software.
The buyer pays the service with credit card, the service converts it to BTC and sends it to you.
You send the software and the buyer calls for a chargeback.
The service get's fucked.
Chargebacks will be possible in the blockchain... or "sort of" chargebacks". Antonopoulos posted about a proposal for a solution for the chargeback problems in his reddit AMA. |
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They are always one of the two type of person:
1) Someone that already sold and is scared shitless that he actually sold at the bottom and keeps rendered an huge idiot in he following months.
2) Someone that still didn't buy and thinks spreading stupid newbie 1 post FUD will have an impact on the BTC price so they can buy lower.
It's ALWAYS one of those two.
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Big hands are getting in, and big hands want a big piece of the pie. How to solve this without generating a ridiculous rally too soon? Keep the price low for a long time, make weak hands shake, and keep storing cheap BTC. We'll have at least 1+ year of a low price while whales stuck up on 21th century gold.
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