This has to be one of the dumbest posts I've ever seen on this forum, and that's saying a lot. If the "problem" is that it is impossible for Bitcoin to produce infinite wealth by infinite splitting, then a) nobody who suggests splitting bitcoins has that as a goal; and b) if you think that is their goal, or should be, or is even remotely possible in any way whatsoever, or that anyone even believes it is possible, then you're an idiot.
This. OP just took first position on my 'dumbest posts' list. Congratulations. |
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This pretty much covers it.] |
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Well we're in a huge bubble now, expect to see single digits within a few weeks.
Now, can we move this topic to speculation?
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Very cool. Just another indication that this coin is moving in the right direction.
You mean they are trying to pump it up really hard.. yes, true. Nothing new, thats wgat they all try, offer nothing new, try to hype it, profit. This just has more commercial incentive pushing it. |
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You need about 3.5~5 mln dollars to retire at age 30.
So that makes it about 30.000~40.000 btc.
Since i can't see bitcoin skyrocket any time soon i think you need a lot more though.
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A few very nice videos that explain the different aspects of bitcoin very calm, clear and detailed. Good view!
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All the GPU miners will panic, dump their BTC, and start mining some shady pump'n'dump or scamcoin.
It will affect the market heavily i think, probably (unfortunately..) single digits for btc within a few months, but those people didn't really believe in btc in the first place, they are just in for the quick buck and will lose out in the end.
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Luke-Jr may be right. Why not? Litecoin is quite similar to Bitcoin and brings nearly nothing new.
BitCoin - Money
LiteCoin - Photocopied paper
Except ASIC resistance, faster confirmations, better security too, I hear. You're an idiot. + ASIC resistance: --> so what? You lose to ASIC guys. No problem. You are out, someone in. Nothing bad. + faster confirmations: --> more network activity and bandwidth. Do you know that? + better security: --> how do you know it? Have you ever hacked or exploited a vulnerability of BitCoin? Are you kidding? That, and there's no such thing as ASIC resistance, sure it will be somewhat less efficient (more expensive and complex to build), but still very possible and profitable, if any of these alt-coins ever get the valuation that bitcoin has now, ASIC's will be developed just as with bitcoin, probably even faster because we've all been there. |
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a counsel of cryptographers and industry professionals from silicon valley but more importantly will also be directed by the advice of economists
And this is where shit goes horribly wrong, again... Keep spreading FUD, sell your coins quickly please while you can, bitcoin can be $0 within a day when people have read your post! I'll take them. Oh, and don't forget to buy litecoin, they solved all of bitcoins problems and will take over bitcoin soon! |
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Aside from this being a very bad idea, i don't see how this could be achieved...?
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As blocks get added it becomes exponentially harder to attack, more blocks give more security over longer time frames.
We're totally forgetting here that litecoin hasn't been maintained for a long time and suffers from some serious bugs.
And also that it is extremely vulnerable to botnet attacks. ( take over hashing rate + DDoS the competition in one blow ) ( I think this has been demonstrated at least once before if i remember correctly )
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If you were buying something for 1million dollars, 6 confirmations would probably be required.
For a small transaction however, how hard is it to fake a bitcoin transfer?
Would anyone attempt it to steal a coffee?
After 6 confirmations, the transaction is 100% safe.
What about after 5, or even after 1?
There is not 100%, but it becomes increasingly difficult to cheat as more blocks land on top of it. Also do not mistake 6 ltc confirmations with 6 btc confirmations, 6 ltc confirmations is about as secure as 1-2 btc confirmations.. (yes yes, i know the ltc pumpers like to tell you differently.) |
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I don't think allowing to change the original output is a good option (adding new ones is fine), other than that i think it's a good proposal.
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lol what a load of bullshit
'unidentified source'
'unknown journalist'
right... go on...
I thought Zimbabwe is mostly underdeveloped as in, no power or much technology to support the bitcoin system...?
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Why do you guys even think bitcoin will recover?
The media destroyed it, bubble pops, everybody is looking for the new virtual currency that 'solves the many problems with bitcoin', and ripple and litecoin are often named (not that that makes any sense...).
It doesn't matter what a small community like ours wants or thinks, media declared bitcoin pretty much dead, i expect to see single digits soon.
I was very optimistic long-term too, but i think the confidence is too damaged now because of the media hype and panic sells.
Honestly i hope i'm completely wrong about it...!
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because you would have to find the exact same hash...? extremely unlikely to happen...
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The official version of github is indeed v2.5, but it does not support encrypted private keys. The v2.2 i was referring to was the base of the version that has the encrypted keys, located here https://github.com/Zeilap/bitaddress.org There seem to be a lot of changes between v2.2 and 2.5 and since i'm not a coder i can't tell if the v2.2 with the encrypted keys is safe enough. (don't want to send funds to an address that can't be accessed later on) |
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Magically create all units of account for the network (xrp), sell the service as an open and free solution to transferring money, profit.
And you ask what's bad about it?
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Still no security features... With lots of people getting into bitcoin this is essential i think.
My phone goes around my friends and family quite a lot, to view pictures, browse the web, play games, so it's out of my sight from time to time.
I don't want anyone to be able to just spend my coins like that if they wish.
I know bitcoin is like cash, but it should be protected by some kind of wallet encryption that requires a password/pin before you can spend whatever is in there.
Time to take this serious i think... I've been nagging about this for what, a year now? xD And i'm sorry if it gets boring and annoying, it's too important to not have this feature i think.
What kind of security? Typing in a PIN is a pain in the ass, maybe voice patterns? Guess thumb print readers are a way off mainstream yet :/ Typing a pin is a pain in the ass? Are you kidding me? Everybody is messaging and browsing with their smart phones all day long and typing a pin is too much? O_o Anyway, it should be optional, if you don't wish to use it fine, don't, but i'm pretty sure a lot of mobile users would appreciate some security features that protect our wallet. |
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Still no security features... With lots of people getting into bitcoin this is essential i think.
My phone goes around my friends and family quite a lot, to view pictures, browse the web, play games, so it's out of my sight from time to time.
I don't want anyone to be able to just spend my coins like that if they wish.
I know bitcoin is like cash, but it should be protected by some kind of wallet encryption that requires a password/pin before you can spend whatever is in there.
Time to take this serious i think... I've been nagging about this for what, a year now? xD And i'm sorry if it gets boring and annoying, it's too important to not have this feature i think.
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