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141  Economy / Speculation / Re: If we burn bitcoin? on: February 04, 2017, 06:23:35 PM
Simply holding them would create the same effect, and actually there needs to be enough Bitcoin available for the price to go up.  If there  wasn't enough Bitcoins it could actually cause the price to go down because people wouldn't be able to use them and they would move to something else.
About holding them would create the same effect instead off burn them is true, but the fact that price to go down because people wouldn't be able to use them and they would move to something else is still arguable, even in the case that they burn 10% of entire supply, even though the unit minimum is the  "satoshi" it can still be divided as many times as necessary, since there are many subunits which would not represent a big problem in theory, but it would be illogical to think burn units, to create subunits later, apart from the problems in the credibility that this would affect more than anything else, that is, to be altering the code only for things that can be avoided, in short the idea of burning 10% of supply seems to make no sense.
142  Bitcoin / Bitcoin Discussion / Re: More than 50,000 unconfirmed transactions on: January 29, 2017, 06:46:51 PM
paying higher fees is not the solution, it is like an escape temporarily for users to compete with each others and the spam attacks to get a faster confirmation. and things may not be as bad as it seems these days but soon there will come a time that real transactions will be stuck waiting for confirmation no matter how much higher fees they pay because simply there is not enough room in a block to include all of them.

It's a point I've raised many times before, but it seems to fall on deaf ears.  People start talking about how it'll supposedly be better when the microtransactions are gone and it'll be just "legitimate" transactions (as if legitimate is something consensus has arbitrarily defined) remaining.  But it doesn't change the fact that finite space is finite and full means full.  In reality, in this economy, microtransactions should be seen as a "buffer" or "padding", so once they're gone, it means everyone queues when they get caught out by the guess-the-fee lottery.  There's a sweet spot we ideally need to hit, where there aren't too many microtransactions and enough so that larger transactions aren't delayed.  But some just aren't interested because they believe not having a buffer is somehow healthier.  Plus no one really knows how to maintain said sweet spot, since network traffic is almost impossible to predict.  Adaptive blocksizes are problematic to implement and it doesn't feel like progress is being made in that area.
OK, I just want to say something about this if you let me, about "legitimate" transactions, in the world in which we move some things are based on precisely the fact that need be defined but not always  from the beginning, there are certain criteria that need to be fulfilled to make use of some thing or service, an example could will be more clear, in most of the countries vehicles are used where the steering wheel goes of the left side taking as reference to the driver and in others the right side, beyond which at some point there was no consensus to make all the steering wheels of the car on the same side, each one chose to make his own method, and that is what is actually being seen, solutions to scalability are already given by those who have focused on carrying them out, everyone can easily realize this, only need to check the number of nodes daily  for a period of time and see which client are running the most of nodes, and the rest will depend on the performance of each network, although it was not related to scalability, ETH did this, if at any point it fails, we must not forget that it was mentioned at the beginning as an experiment.
143  Economy / Economics / Re: Bitcoin or gold? on: January 29, 2017, 05:36:12 PM
It seems to me that gold will go up soon. This is due to problems in India and China. But in spite of that I now buy Bitcoin, but not gold. I'm not ready to invest in the long term

I read about it for years now... Still didnt make decent profit out of it, but I hope it would go up soon, and it would go up big. I always thought of it like long term investment, so I dont worry myself too much, but I would seize opportunity if I had it.

I guess it depends on the kind of investor you are and when did you buy this, and how much profit do you expect to get, many people think that any kind of asset will always go up, even when is  a good time to sell they does not do it, and you read the press, the media, the articles, talk that the price will rise in the future, in the case of gold this has happened, but not as much as they make it appear in the media, in my opinion the price is still  high, but maybe others say it's still cheap considering their scarcity, of the same way many peoples can say that it is one of the safest assets that has been over the years, which is perhaps true, I think the most convenient would be to see how the cycles work, or otherwise leave it as something forgotten for a long time without expecting get too much benefit (in the case of gold).
144  Economy / Economics / Re: Why the price of Bitcoin change more than traditional currencies? on: January 29, 2017, 05:01:45 PM
This is issue of demand, the volatility in Bitcoin has reduced significantly comparedd to 2-3 years ago. Once we have more BTC users and the demand increase this volatility will reduced more

The way I see it is not only the maturity of bitcoin. Of course now there are more users who own bitcoins but most of them are in the hands of a very few people. So they have the power to affect the price moving big volumes to buy and sell positions for a short period of time. Besides that, I agree with some of the members who posted that behind the traditional fiat there are governments and banks where when trace these market behaviors support the fiat currency accordingly

Each country has a trade balance between its incomes and its expenditures, a greater example are the export of goods and services in the case of incomes, in the other hand the import of goods and services  are the greatest example of expenditures, so income-related activities constitute or give rise to the offer, and expenditure-related activities constitute or give rise to the demand, but for that peoples need a foreign exchange market which is constituted by the central bank, the commercial bank, houses of exchanges, exchange houses, etc, sometimes when there is a greater imbalance, governments must intervene by controlling the exchange rate, for example that when they see that their currency is devaluing they use some of their international reserves and auction a number of these to counter the devaluation and make necessary adjustments in its economy,  in the case of BTC  the supply(offer) is mainly done by  the miners and holders, but because the market is still at an early stage it could be said, there is no mechanism to control prices, except that exercising the big holders and events that occur daily and influence the opinion of users, sometimes causes such great variations.
145  Bitcoin / Development & Technical Discussion / Re: Post your SegWit questions here - open discussion - big week for Bitcoin! on: January 29, 2017, 12:20:48 AM
Also, can someone explain why the segwit softfork would need 95%. What's the point with that? Why not 75% or 65% even? Sry if this has been explained before.

Because the idea is to have an evolution of the existing system and not create an additional system.


Affirmative!  to put it in better perspective, maybe the word "classic" is the better sample of it  although wasn't related to scaling but it serves as an example, if the system is divided that what happens, subtracting strength from one and the other, and as some people think, maybe this would end up undermining credibility BTC, I am not very sure but I think that up to now only a 50-60 consensus has been reached despite the fact that considerable time has already passed, if that's the case, the balance will not tip anywhere yet, in any possible scenario, it is better to be prepared so as not to surprise the effects that might arise, therefore it is better to remain attentive to the evolution that mainly requires the scalability of BTC, what is clear is that in case of not achieving consensus there will be two networks less secure and one of them safer, that in the worst case.
146  Economy / Trading Discussion / Re: I'd like to get some bitcoins. Is now a good time to do so? on: January 28, 2017, 11:33:38 PM
I think it's worthless to wait to bitcoin gal to 500$ again to buy some and trade with it. It's hard to some big fall happen again. I would recommend you to buy bitcoin right now if you have some nice sum of money. Bitcoinis obviously planning to get doubled this year already. So you have big chances to double your money pretty soon.
Despite making sense of what you mention,  the same question should be reconsidered twice,  is now a good time to do so?  Probably not yet, considering that it is still the beginning of this year and that in the last two consecutive years the trend has been bullish it might seem that it is a good time to do so, but neither can be assured that the price will not fall  especially in a couple of months,I think no one should rush to do anything for the moment, in the last days the price has had a behavior that could be said to be stable, but do not forget that it suddenly becomes unstable, suffice it to remember that the community is still divided some are still not accepting the proposed solution or SegWit soft fork and if most of them choose hardfork will end up being 2 different blockchains and could affect the price considerably.
147  Economy / Economics / Re: John McAffee: "In 2 years Years btc will only have 25% of the Crypto MarketCap" on: January 28, 2017, 10:15:53 PM
I see no evidence that this will take place. I think he is guessing just like the rest of us.

I guess he is.  It will need to greatly  surpass Bitcoin adoption in order to get more than half of its volume and I wonder how will this Bitcoin killer do that in just 2 years.  Though I still consider the chance of something more innovating to overcome Bitcoin Market but it will not be this next 2 years.
Although it seems very unlikely it should not be taken lightly, and not even due to a period of two years,  is still possible on that time appears that "killer" application, if we remember that the majority of the source code is reusable in most cases so it would take much less time to start another new project, a couple of improvements here and there with a bit of consensus would change things in a little predicted way, this happens very frequently in the big corporations as well, I will not mention names but we have all seen cases where dominance is exercised in a specific area and suddenly another one emerges that overthrows, Does it make any sense now? 
148  Economy / Economics / Re: 2016’s top cryptocurrencies on: January 28, 2017, 07:53:59 PM
Bitcoin is the only relevant answer.

And I know there are other currencies, but when are they ever accepted as currency with businesses? If "alternatives" exist, they need to be accepted and transacted as currency. Period.
Bitcoin did very well last year, we hope it continues in this momentum. Litecoin though did well too but not like bitcoin. I will advice coins investors to keep faith with bitcoin as it has come to stay. 2017, those interested in buy and hold type of investment are going to gain it tremendously. Margin or leverage traders will all also gain as the market start with high fluctuations and volatility this year.

Well, although there were others that had better results than those you mention including BTC, in the case of LTC I do not think we can talk about a good performance, if we consider for example that throughout the last year  was not even mentioned in articles and publications when compared it to other projects that had more diffusion, moreover that if you analyze it more in depth you will find that
it lost approximately fifty percent of its value expressed in BTC however its value in USD was maintained thanks to the increase in the value of BTC, if the latter had not happened it would have been disastrous to LTC, who knows if that happens later but for now it seems that there is not much interest on this, nobody knows if this trend will continue this year and how it would affect to LTC.
149  Economy / Speculation / Re: Is there any possibility of a decrease in demand for Bitcoin? on: January 28, 2017, 07:12:16 PM
To the OP, we have already seen that in 2013, when we entered multi-year bear market that only ended in 2015. Demand and with it price decreased. We will see it again eventually.

But rest assured that ANY commodity in the world goes through these up and down cycle. It wont change the fact, that as with any diminishing resource, Bitcoin will stedily keep rising in the following couple of years. Unless there is something FAR better, that can fully replace it.
The late 2013 to 2015 phase was just due to collapse of big bitcoin exchange.
Only due to negative trend people did not show their interest on those times. There would be no backing reason that will happen again as a cycle.

The demand for bitcoin is completely influenced adoption rate which is significantly on rising trend hence there would be no meaning on discussing about the possibilities of decreasing of demand for bitcoins.

Of course, since its use is still very low compared to other "applications" for calling it of this way, so it is more logical to assume that demand will continue to increase perhaps with a slightly faster growth pattern, peoples in the last decades especially, have a tendency to the increasing use of diverse devices in the businesses as in the home, to facilitate communication and business which allows them to combine several activities that would otherwise not be possible, so as time passes and more uses fit within this scope, demand will continue to present itself with this bullish trend especially speaking in periods of time not less than one year, let's compare it with for example cell phones, about 15 years ago few people had to use the first devices and now its use has spread enormously where now  almost all people have one.
150  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best cryptocurrency to invest for 2017 ? on: January 28, 2017, 05:52:11 PM
Qtum because is a BTC-ETH hybrid that allow users to control coins by taking advantage of various Internet Protocols, a example is theirs hybrid protocol “BiSMTP” which uses a modified Simple Mail Transfer Protocol (SMTP)  and which will be released in a beta project called SpringEmail,but that is just one of many technical features which will offer Qtum,  although it is not yet offered to the public  it has many possibilities to become one of the most interesting projects during this year.
151  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoins that might survive in the future? on: January 28, 2017, 04:52:41 PM
The main thing that was Bitcoin, and the rest is nonsense. Other coins are needed to get more Bitcoins.

That's a sure thing that bitcoin might survive in the future but we are talking about alt coins. I can see a lot of it as of now, but the future is playing a lot of things and still changes are possible to happen. I think the strongest one so far is Monero, I think that this is going to have a good future and also Iconomi too, I'm still thinking of some.
Agree, I am of the idea that many can survive if at some point  these have the approval and acceptance of several sectors, it would be illogical to think that a single platform could be able to support huge amounts of transactions at once, even with today's technology is unfeasible, also not forget that there are many coins in the world, therefore the variety in things is always a good choice, right now it's still a very early version of the cryptocurrencies that they offer, it is still not clear how these various alternative solutions will interact for faster, safer and more efficient transactions, and with the diversity of brands software and technological devices sure the answer will be directed towards the same thing, if each solution wants to be competitive it must be sure to offer the bridges to other solutions.
152  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum] UTXO based POS Smart Contract Platform|On Coindesk & Bitcoinmagazine on: January 28, 2017, 12:58:58 AM
Qtum is taking Bitcoin Core 0.13, integrating the Ethereum Virtual Machine, and adding an “Account Abstraction Layer” so that existing Etheruem contracts will work on Qtum with minimal changes. The exact way we are integrating the EVM is by adding new Bitcoin Script opcodes, and adding special processing conditions so that when these EVM using transactions are added to the blockchain, they are executed immediately (rather than only when attempting to be spent, as is normal).

Hopefully this project can meet the expectations of the user cryptocurrency and refining the various weaknesses of all current crytocurrency.

It is undoubtedly resulting in one of the most interesting projects that will have to be observed very closely during 2017, in addition to the diffusion that is being given, until long ago no one had imagined that two different projects could be merged into one, that's what causes more expectation I guess, another interesting thing is that it is business oriented also, and the fact that they already have it in "testnet"
talks about the seriousness of the project, I don´t know but use email to send transactions on it seems very novel, as soon as more details are given or they are discussed in the forum, more and more people will be interested in this one.
153  Economy / Speculation / Re: What do you think the price of bitcoin will be in 2018 on: January 27, 2017, 11:58:52 PM
If the current blocksize war continues and Core stays with 1 MB blocks and without Segwit, we will have ... two Bitcoins in 2018!  Shocked

Bitcoin 1 (Core): $20-100
Bitcoin 2 (Unlimited, XT, btcfork or whatever): $20-200

That is pretty bearish, I know, although all bitcoin holders will have tokens in both chains. That's why I urge both parties to find a solution "in the middle" (let's say, 4 MB blocks for now, and an upgrade mechanism, and Segwit). In this case, I think the price can easily go over the old all-time-high to the $2000 region. But at this moment I consider it very unprobable.

It's impossible to have two Bitcoins running at the same time. XT, Unlimited and all other formed sides are nothing more than altcoins. We just need to be patience when it comes to the activation of segwit. I know it might take a while, but at some point something needs to be done in order to push Bitcoin to the next level. Everyone can see that this can't be stretched for another year. It's just sad to see that the ego's of certain high level Bitcoiners seem to have more importance than Bitcoin itself.
More than push BTC to the next level, it is a matter of survival, what I'm trying to say is that the changes will have to be done if BTC want to stay on the move, or will be displaced even if it seems now impossible, the longer they try to agree, the more that other projects will take advantage of other solutions, every day more and more possible solutions are emerging to solve the limitation of the volume of transactions for example, what is certain is that this year will be interesting in how it solves this type of divergences, but other projects are likely to be much larger than they have been so far and in one of these can reach the level of popularity of BTC.
154  Economy / Speculation / Re: Bitcoin prices could leap to $2000 in 2017? on: January 27, 2017, 11:42:03 PM
It is well on its way to $2000. Will it get there before an exchange 'hack' is another story. I hope so.

There is a big chance that will touch 2000$ but only you need to think is the more faster it reaches and soon it falls down. Bitcoin should increase it's price slowly because now many people start using bitcoin, once suddenly it touches 2000$ may be some people who are showing interest will not use any more due to bitcoin volatile.
I think the price may peaks well over two thousand dollars. I've seen some analysis in which the price can reach up to $ 3500, but obviously the price will not stay for long in that range. Maybe the $ 2000 range is the range in which the Bitcoin price will stabilize this year.
Well, I do not know, to me in particular it seems a very high scenario, and I prefer to avoid making a statement about it, but even if it were maintained at current levels, it would already be an indication that it is a little more solid that before, and the conditions are more favorable and little by little its has been improving paulatively with the passage of time, so that where the balance is inclined there will be people who will make their own decisions taking into account his own experience to avoid any kind of surprises, what is certain is that nobody never know how high it will get or how low it can fall,so we will see where the balance is tilted.
155  Economy / Marketplace / Re: Buying clothes with bitcoins? on: January 27, 2017, 11:19:20 PM
Buying clothes using bitcoins is very convenient to do if even its implemented here in my country, but for now its still a visionary for us who really loved using bitcoin. Local stores in our place should have proper knowledge about bitcoim so that it can be implemented to consumers who has an options with this type of payment method.

If it were more widely accepted it would be interesting to observe the behavior of the operations because it's a huge market, for example there are garments that because of their size are not so expensive and may be the ones that have greater demand due to its low price, such as socks, handkerchiefs, gloves, etc, Now titltle does not mention if buying clothes online or not, now while online shopping is growing,
the majority of people still use traditional businesses for the acquisition of goods, Which is still a saving to mention an example, Due to the fact that online purchases is necessary to pay shipping charges on each purchase.
156  Bitcoin / Development & Technical Discussion / Re: I've read somewhere in 4 years the blockchain will be 700GB on: January 26, 2017, 11:50:43 PM
Common hard drive space will keep up with the demands of the blockchain just fine. 1TB will be nothing in ten years and by the mid 2020s we will probably have 1TB on mobile devices and such to keep up with 4K video and larger file sizes of all kind. I remember not that long ago when 1GB of storage was a big deal. The size of the total blockchain is the least of bitcoins worries right now.

You are probably right, perhaps in a decade there will be more devices with a lot of storage capacity, but I do not want to imagine the amount of time it will take to download the entire chain, maybe the future lies in light wallets, and large chains will be stored in data-centers, If you look on the graphs of the size of the chain , it is being stretched to form a straight line upwards, and when this happens the size will grow at an exorbitantly large rate, perhaps it will be the largest system of data storage known by the human since the beginning of mankind, That is why other insurance projects are offering alternatives that are much more economical and more practical to perform, but since all are represented as pairs of BTC continue to carry on transactions to the huge chain.
157  Economy / Speculation / Re: Trump will crash the markets and bitcoin and gold will go to Jupiter on: January 26, 2017, 11:16:42 PM
Is better separate things and avoid confusion, The president-elect referred to above, and which has given much of which to speak particularly by its temperament and decisions that seemed sometimes hasty, is only the president of a country of which there are many on the earth, if he wants to make changes in his country He can do it since the majority voted for him, just as if he believes that breaking international treaties is the best thing for his country, that will be his responsibility, and what other countries must do is to care about their own countries and citizens, I believe that most countries should always long for peace and respect and the fact that in a country there is a change of government should not alter the order of the things, the economy is not pulled down by a single person, so we have to take things as calmly as possible and demonstrate why we live in this era of great changes.
158  Economy / Economics / Re: If Bitcoin had a stable price, would it still be as popular? on: January 26, 2017, 12:16:20 AM
I do not think that the world of business today shows little interest in Bitcoin due to the fact that its price is not stable.
I am sure that this price movement has attracted many to the Bitcoin community.

Well, it depends if we consider that for example the buying and selling operations have to yield a profit margin and not a loss based on the value of the article or service provided, we are going to assume that you are selling a product and you accept BTC, but it turns out that you have to dispose the cash a few hours later to buy your supplies or pay for a service, then you realize unfortunately that the price went down quite a bit, then you will be forced to sell at a loss, and it would have been as if you were selling well below the value of the original merchandise, and here you realize that there is a lot of risk involved for this type of transactions, as you can not be sure how much variation the price will present, I hope that it gives you a clear example of why maybe business shows little interest in BTC, at least until now.
159  Economy / Marketplace / Re: How can we encourage local businesses to accept BTC? on: January 25, 2017, 11:52:54 PM
If majority of the people will used the bitcoin in transaction. We can assure and prove to other people that bitcoin is really the fastest way to transact especially in buisness. Not just that ,the value of  bitcoin can increase dramatically in less than a minute. It just need proper managing .

First question is why would people use bitcoin in transaction? Bitcoin is not fastest way, and bitcoin price has nothing with selling goods, they have their own price and that price doesn`t depend from bitcoin. Second question is what you think what kind of managing do we need?
Local business need legality and stability, what is someone sell all store for bitcoins and the next day bitcoin price drops significantly, merchant will lose a lot, and he will lose business cause he will not be able to order new stuff. I think local businesses need stability, they will not risk their money and wealth just like that.
Merchants don't need to keep bitcoin if they don't wish to expose themselves to the volatility of the market they could always sell their coins immediately after getting a purchase.
Yes, in theory that should work but I also think that it also depends a lot on the size of the merchants and the volume they handle, to cite an example, let's suppose that a large merchant sells ten thousand usb  when price BTC is on $900, if the price falls that same day $50 then he will suffer a loss according to the number he has sold and paid him  with BTC, and it's what you mention he should have sold immediately, but what if his sales were made in 20 hours almost all day, talking about an online store for example, the seller can not be changing his BTC  every moment,so it could have to wait for at least one day to make the change, but do not know if the price will go up or down, it went up more than $900, He will be happy and will do the exchange, but what happens in the opposite case, that is to say that the price goes down, He will have to wait until the price recovers in the best of cases or sell at a loss which would be very bad for the business, and here you start to see why not many businesses still accept it as payment.
160  Economy / Economics / Re: The future of the paper money on: January 25, 2017, 11:24:08 PM
According to the latest forecasts of paper money given very little chance of survival. Most professionals in the financial sector predict the imminent collapse of the paper money, and that people be helped to move to a fully digital currency with a bank transfer. But is it, only time will tell.
Well, who knows because  is difficult to imagine all the great amount of transactions that occur at any moment around the people, not only the few that are made in the banks, is unimaginable the amount of devices that would have to be used and the great economic cost for the humanity that this would have and I speak not only of acquire them but to keep them (as you know the technology needs to be replaced from time to time because it soon becomes obsolete), and not only buy them but the time that is spent or invests in using them, for the population, it is more convenient to use fiat instead of digital services in many cases, but for transfers over long distances mainly the ideal are the digital services, I believe that the more ways to do economic operations is better since it does not limit any sector of society, and guarantees the free right to buy or sell a good to meet the needs of the peoples, on the contrary, limiting it to a single medium would go against that right, in addition, from time to time, the governments of all countries should draw coins in circulation with a percentage of precious metals to guarantee the population a true value in their savings and not just paper that after a few years will have nothing of value and encourage more cheap options to boost trade between peoples.
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