as long as 2 people mine bitcoin, it will still run even when your grand children want to retire.
-snip-
I'm afraid that 2 miners would not be enough to process all the transactions made in the network, and I'm afraid that if we come up to that scenario, bitcoin would still be used by the public. |
|
|
|
|
I wonder how would these site operators able to know whether a visitor is a minor or not, also if bitcoins is an accepted form of payment, that would make it much harder for them to know if a visitor is under 18 or is already in legal age.
|
|
|
|
yes exactly you can mine more as 21 million coins right.
Enough of this already. The hard limit on the mineable coins are 21000000 (rounded from 20999999.7 afaik). If you have a solid proof on where do you see your claims, post it here. Bitcoin is not an alt with which devs can do a ninja edit and mine more coins than the expected limit. It doesn't matter what type of mining method bitcoins has; it doesn't matter if it is PoW, PoS or other algo. It has a limit, period. you can mine more than 21million coins because transaction fees are mined too. that does not change the fact there never will be more than 21million coins ;-) Transaction fees are given in a transaction paid by the users, and is also a part of the 21m hard coded limit. It is different from the block reward which the miners get after solving a block. Don't spread misinformation. |
|
|
|
It has already crashed more than once, and is rapidly becoming less and less used, as the euphoria is waning. From the peak valuation of $1,250 achieved in 2013, Bitcoin has lost almost 85% of its exchange rate, and is continuously falling in value. Also, the bitcoin adoption has slowed down considerably, and fewer people are using it.
So what are you implying on that? Bitcoin may have crashed from a bubble, but that doesn't mean that it is a failure. The general public may have decreased, but from an investor's POV, bitcoin is very useful. It just takes one good news for bitcoin to appeal to the masses again. |
|
|
|
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
For the time being, its greatest impact in my view is opening new money-earning opportunities for people who earn money online. Faucets, forum posting, microjobs, investments etc. have multiplied due to bitcoin. Aside from that, it opened a new world wherein we can be our own banks without the need for any authority to control our spending. Also put pseudoanonymous spending into account, and bitcoin haa definitely changed the way we view money today. |
|
|
|
Yeah, just waiting for the people realizing that using bitcoin is very useful than WU.. Low fees it's the best feature of BTC
But apparently after receiving the bitcoin remittance from person A to person B, it has to be converted again to fiat to be useful to the receiver since bitcoin alone cannot buy general goods that people need in order to live. |
|
|
|
This is exciting and reminds me of the sleepless nights when I first started learning about mining. I am sure we all remember lol. Awesome, have fun, and welcome to the forum. Don't worry about ROI with free electricity. You will surly achieve ROI and then its all profits. Do realize your mining equipment will gobble electricity so, careful not to wear out your welcome on however you are getting the free electricity.
Yes haha I remember digging my way into mining when I first configured my laptop to mine. Hope you have fun with mining and don't worry about it that much, given that you state that you have free electricity and you are mining just for fun. Welcome to the forums, mate! |
|
|
|
That type of garbage has never worked, nor will it ever. Apart from mining and trading, what other ways are there to make Bitcoin? I wouldn't lay down a penny for something that shady, let alone 200 bucks.
Apart for mining and trading? Creating web content and selling to websites and coding for bitcoin. But paying $200 for some random video like that? Unless it is a miner, I wouldn't pay for it. |
|
|
|
|
It is good seeing large companies trying to see what bitcoin could do for them, and not just limiting their tests on the blockchain tech. However as I see it, they might just be another intermediary payment processor like Bitpay. I smell fees, but generally good for bitcoin overall.
|
|
|
|
I will panic buy if we break 350 with momentum
The same here, I would definitely buy even if it is out of the budget. If that happens, I think many would follow suite, causing a new bubble to form with everyone participating in the hype. |
|
|
|
|
Nah, I don't think it will continue to increase up until the halving, but my gut feeling tells me that this is something different from the previous terms especially we are nearing the halving.
|
|
|
|
|
"e author=ETFbitcoin link=topic=1217777.msg12769550#msg12769550 date=1445658354]
Slow? Bitcoin price just reached $280
I'm sure bitcoin price will crash eventually after some traders dump their coins to get maximum profit.
But, i hope bitcoin price will steady at $300 in this moment
[/quote]"
It is slow since it took over a month to get where we at right now, and months at bitcoin seemed to be forever. I am one of the traders who are just waiting for maximum profit, but this time I don't think I would have to sell some.
|
|
|
|
That's because thats how Bitcoin was introduced to them instead of being introduced as somewhat like a currency that can be used Online. But I guess most Bitcoiner's are introduced that way nowadays, except for those that are really here in this forum from the start when signature campaign is no where to be found.
Agreed, because back in the days, bitcoin wasn't that popular and its practical uses weren't even a thing. And it is a bit difficult explaining it to newbies nowadays, so explaining it the easy way with its practical uses are what others are seeing to introduce people to bitcoin. |
|
|
|
This is a Philippine specific thread and belongs in the Philippine thread.Doing things like this actually hurt your chance for your own sub-forum Because it clearly demonstrates you have no regard for well established protocol. This thread belongs here https://bitcointalk.org/index.php?topic=27736.10180~BCX~ Here we go again.. How come threads from other nation can be discussed outside their local boards while our threads can't? Wouldn't that be hindering freedom of speech and expression in our part?  Yes it has* but personally I haven't seen one yet although by searching the location just now in one of them, it's just a 5-10 minutes walk in my current workplace lol. Yes exactly in CBD and others are near of it. Maybe I will take a look to check if it's still there.
As of now, Im happy with the instant cashout thru egivecash that coins.ph offered. I can considered it too as bitcoin atm of another version lol.
Hmm never heard of that one. I'll try to take a stroll around it sometime and take pictures of it. |
|
|
|
Yes signature campaigns can make over $1
but not "1$ BTC per Hour" , just calculate it 1x24=24$ , if you can make 24$ a day with signature campaign , im sure many people getting rich from this forum You are great if you can earn 24$ per day, aubert. I know if you want you can get it. But It is impossible for me, I hope we can meet in real life and you could teach me how to earn 1$ or more per day  I can earn a few bucks a day with signature campaigns and trading, and that really is doable in bitcoin. You just need to take the time and patience to find a method that works best for you to earn more than a dollar per day. |
|
|
|
The news was unexpected and hardly believed possible just a few years ago. This is a great day for Bitcoin and will boost the economy around digital currencies altogether. Last but not least, it's very good for traders to know. Once thing less they have to worry about.
Good for EU traders at least, US laws still regard bitcoin as a commodity. If US followed the same path as what EU did, then I think there would be no stopping for rapid growth and acceptance. |
|
|
|
|
There is a slim chance of it happening, and that is if bitcoin is found out to be not secure after all. But for the meantime, it won't happen seeing that there is a lot of attention and good news happening right now.
|
|
|
|
I think the typical user is a male late 20's to late 40s.
The non typical user is someone who is not using technology, (usually) older people. I know I would have a hard time convincing my grandma to use Bitcoin, she doesn't have a computer, no smart phone, no tablet no internet. No way she is going to be on Bitcoin ever.
There are younger users, that's for sure.  -- I use bitcoins on a weekly basis to buy stuff, but most of my coins are kept in a stash. The typical users, however, are people looking into bitcoin as an investment vehicle and a store of value since there are not much places to spend bitcoins to. |
|
|
|
|
If not quantum computers, then what would it be that the NSA is afraid of that made them say that ECC is not safe? As I understand it, it would take millions of years for even the most powerful supercomputers of today to break ECC, and a working quantum computer isn't a thing yet.
|
|
|
|
-snip-
it is like wishing for sub $100 after Sept 2013
And the first train departed at 2012. This time, it really feels like it is 2012 again due to some indications on the charts, but I'm not yet sure whether this is another bubble in the making or just a short-term price increase. |
|
|
|
|
Show Posts
