because it is not exactly the simplest currency to buy daily needs with, and buying in general is not easy
How does one scan and a few keystrokes on your phone seem hard? What's hard is understanding the whole concept of bitcoin and how it would help people in their daily lives seeing that not all merchants are ready on accepting bitcoin yet. that's not what I mean necessarily, acquiring bitcoin itself takes a few days (for amounts over $1k anyway) due to bank transfers... Depends on where you are and the regulations present in your place. Here in our place, I could place an order at 8 am and get my coins at 9 am as soon as my payment is confirmed via a cash transfer as long as I'm a verified user. NY is the only place I could think of where you would really get a hard timr acquiring bitcoins. |
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I like its price fluctuation. It has evolved as a good asset to invest on for the long term investor as well as for day traders.
Not only as assets bitcoin is good,easy and faster,cheaper payment solution for world.
For short-term holders and traders, price fluctuations sure does give them money and income but on the other hand, volatilty scares merchants to adopt this new payment method. :/ Still good when it comes to fast and cheap transactions all over the world.  |
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Genesis block was mined by satoshi after a few couple of days, I think. Those coins can never be spent though, and it is also hinted that satoshi owns a million coins distributed on different wallets. First public pool was Slush pool.
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because it is not exactly the simplest currency to buy daily needs with, and buying in general is not easy
How does one scan and a few keystrokes on your phone seem hard? What's hard is understanding the whole concept of bitcoin and how it would help people in their daily lives seeing that not all merchants are ready on accepting bitcoin yet. |
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Know that feeling too. It's great to see that one full bitcoin sitting on your wallet and think of ways how to add more and more. That euphoric moment.. |
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First heard of bitcoin around 2012 and haven't bothered to look deeply into it. At the beginning of 2013 a meme about bitcoin showed up on my search about cryptographic systems on Google. After then I was hooked, got my first bits on faucets and from then on started working for bitcoins.
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Blockchain.info for long term? For real? o.o Better off generating a paper wallet offline on bitaddress.org rather than trust an online wallet service provider for keeping funds in a long time. As for using their paper wallet, I'm not keen on how to generate one on blockchain.info as I use bitaddress.org more often.
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Why, in the block chain of course. But I keep it in a paper wallet laminated and hidden in a safe place--mostly out of reach of other people.
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Bitcoin fail? I don't think so. Bitcoin is in its infancy, though the reason why it isn't that much accepted or used is because businesses are afraid of accepting it or integrating it on a large scale. :/ Let's see in a couple of years where bitcoin would be.
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I will only if it is found to have massive security holes in which it can affect the whole protocol per se. But if not, I would be happy to hold it even if it surpasses $1k mark.
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This campaign is still active and accepting new member?
Yes, feel free to join. Spots still open? I want to try out this campaign if possible. |
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Your intro seems like you are also a paid troll. :v
By mid-December, I think there would be a consensus and major changes, but not the aggressive 8 MB limit which is proposed by XT. If not, I think there wouldn't be a nice end to this.
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Used polo and cryptsy in the past, and honestly both their support service sucks. On polo, I asked why is my deposit not appearing on my btc account (it's been 12 hours and the tx was confirmed 40+ times then) and they replied 3 days later. After I got my funds out, I never returned on using their service. Cryptsy on the other hand, is buggy imo but at least their supports reply typically after few hours.
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my take:
"A purely peer-to-peer version of electronic cash that allows online payments to be sent directly from one party to another without going through a financial institution, where digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending, a solution to the double-spending problem is using a peer-to-peer network which timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work, where the longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power, and as long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers, so the network itself requires minimal structure and messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone."
Come at me haters.
Great definition, but I'm still wondering how common people would comprehend to such a definition? My grandma will definitely not understand that. |
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Nothing spent today, still waiting for Black Friday to buy some as we all know that we could find great deals on that day. Probably gonna buy some steam games and other stuff.
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Bitcoin is a decentralized, peer-to-peer currency exhibiting within the internet and is secured by and obtained via solving mathematical problems and can be used on any transactions--which is publicly displayed by a ledger known as the block chain--without anyone determining who exactly bought what due to its pseudo-anonymous nature. No limits on the entries? I'll try it again later. EDIT: I have thought of a few more one liners for each walks of life, same as what the winner of the last contest did. To your mom: Bitcoin is a means to pay bills without the need to go out of the house. To your gamer, under-aged sibling: Wanna buy in-game items and powerups without the hassle of asking mom and dad to buy you one? Try bitcoin! To your economics teacher: Bitcoin is the gold of the modern era, the difference is you don't need to carry satchels but smartphones and Trezors. To a libertarian: Bitcoin offers liberty and anonymity on your spendings--a way to keep your money out of someone's reach and freely do things to it at your will To a cybersecurity enthusiast: The bitcoin protocol is immune to most attacks, ergo making the system a vault and a treasure in its own. To an average joe: Bitcoin can buy you things you want online without anyone seeing what you bought and who you are. To an overseas worker: Bitcoin is an upgraded Western Union: low fees, no chargebacks, fast transactions anywhere and everywhere in the world. To a merchant: Bitcoin is a gateway to more consumers wanting to buy something in a great deal. To a mathematician: The power of mathematics and algorithms make up bitcoin's whole system secure and trusted by millions--ironically, it is a trust-less system. To your grandparents: Bitcoin is money that can be sent through just a single click of a mouse. I'll think of more one-liners :v PD username: dothebeats |
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The movement seems to be more like.. sideways rather than a pump. Who knows, maybe in the last weeks of this year we'll see such a huge bump in price? All I know is that in mid-December, a conference regarding block size would take place.We'll see how would that affect the price.
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I think your guess likely would really happen, but are you sure that the halving would happen on July 2016?
This should come in handy: bitcoinclock.com -- The ecents planned seem to be exciting at first glance, but in over years/months of anticipating, much of these seemed to be forgotten or gone to oblivion. :/ I just hope the block size debate would come to rest at mid-December. |
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Eh, don't ask for initial funding here in a form of croedfunding and a newbie account with no established identity, connections or whatsoever. No one will believe in such a project without a concrete plan or at least a layout of project. Just no.
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Lol at the fears on anonymity. Only those who wanted control fear it e.g. the government. For us who wanted more freedom on our money and our spending, it is nit a problem, really. If the governments are really sincere on taking care of people's interest, they should focus more on their problems and care less on bitcoin's pseudo-anonymous nature. Money laundering and illegal fundings might be an issue, but do governments know that only a tiny--microscopic--portion of that funds came from bitcoin and the rest are on fiat?
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