I've staged some buy levels at: $267, $51, $38, $33, $11 respectively, someday it will happen, patience if virtue  |
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Good to spread the coins more evenly  |
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Crash in 2011, something to do with MtGox.
Crash in 2013, something to do with MtGox.
Crash last night, something to do with MtGox.
MtGox just like SR in a way it represents negative image about the network. It need to disappear!
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Are they asking for the legal contact information now, such as name, address? Or it's still anonymous? Any financial statement? Projected dividend?
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Happy as hell I sold out of this sham @ half of what I bought into it with.
If you see my post above, I was a huge advocate of this company until they duped their all their shareholders.
**** off CaVirtex. This is one Canadian you'll never see one dime from.
What happened? |
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...or fine art....or Copper Penny hoards. Bitcoin I thought was a given.  Just bought a lot of forever postage stamps. I bet the postal service will jack up the postage also. Still got send some cards to friends and relatives, few bill payments also. What do you guys think about the philately postage stamps, are they still hold value as collectibles or it's a deadwood hobby only? |
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Notice that Chinese stock market is falling 2% yesterday. Could have some impact on BTC price in short term.
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Thanks for the link, I'm aware of that de-listing activity. But what about the market valuation on the shares? Any shareholders trying to sell their shares? |
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Where is the VTX price being published? Havelock no longer showing VTX symbol.
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Sen. Kirk looks not ready  |
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Glad to see young kid like you already found a way of investing. Definitely hold them and put into good use in your college years. Hope you one day become a young entrepreneur realizing your ideas while still studying in the college.
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How about another way to calculate the maximum value of 1 BTC, just for the kicks. It is based on the cost of 51% network overtake. If someone/gov can accumulate enough computing power to execute this attack, people doing the transactions will be affected, hence the confidence shattered. If the attacker can execute this attack on weekly or daily basis...
Formula is simple: $/TH * total network TH / total BTC mined
Let's take CoinTerra $3000/TH * 4000TH / 12000000 = $1/BTC, to overtake 51% is not at a forbidden cost.
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PPCoin makes it more interesting. To provide more the 51% of the mining power you also have to have 51% of all coins. This would be much more costly. Because if the goverment will buy this will just drive up the price and costs maybe multiple more than the market cap, which is now 10times more then the cost of 51% of the mining equipment.
Interesting point on PPCoin. However, there might be a flaw long term with PPCoin against quantum computer getting the private key. Since PPCoin need to have proof of stake, the wallet have to sign its stake. Similar like we spend coins from out wallet in bitcoin. This exposes the public key, and potentially be a weak point subject to calculation of private key. In bitcoin, as long as we move the coin into a new wallet, it's safe against this kind of attack. Now it's like a catch 22 situation, if bitcoin introduces something similar like proof of stake, will it expose as a weakness? |
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I would expect that by the time what you mention becomes a problem (if ever) some sort of a plugable proof-of-work mechanism would be developed.
Long before that I would expect the makeup of the true peers in the ecosystem to shift in a variety of ways. This group will define how Bitcoin actually works. If consensus on how proof-of-work (or more generally 'ledger locking' for lack of a better term) cannot be reached, I'd expect the solution to fragment (fork) with almost all fragments retaining the existing blockchain as a source of truth for value. If this happens I would expect that most of the fragments would dry up and blow away. Perhaps all but one.
The really big question in my mind how big the pool of potential peers will be when this 'blow-up' happens (if it happens.) That would be a function of the transaction rate (and it's summation over time.)
Yes, I hope there is a solution to prevent this sudden 51% attack soon. As even if it's executed successfully for only 30 minutes, it's like a nuke to the bitcoin world. Level of confidence will be seriously challenged. |
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What will happen is some people ought to resell their ASICs at a loss to people with cheap electricity.
Miners changing hands will not have impact on the overall network hashing rate, correct? |
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Why the world still put trust in the US bonds? Because of the US military backing it. It's one way that US keep invested in military.
If bitcoin grow big enough to cause headaches to the government, the cost now to kill bitcoin is equivalent to few F-35 fighter jets. With the sole purpose of destroying the bitcoin, and protecting the dominance position of fiat/bond. So it's a high probable scenario down the road.
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Given that only handful ASIC sellers offering in-hand miners, most of them priced ROI to be infinity. Then it’s likely the network hash rate will reach the plateau at some point in time. It’s an indicator that miners are very reluctant to invest in mining equipment passing that point.
From this point on, the network will have some lengthy period of stability without significant hashing power increase. A government wants to destroy bitcoin, it’s easy enough to calculate the total hashing power needed to overtake 51%, and it can also execute overnight given that it’s highly possible to accumulate enough ASICs to flip on the switches at the same time. Miners won’t get enough time and resource to react.
Is this likely to happen?
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Price can be high in thousands, given that low percentage coins acting like a leverage on pricing.
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Thanks for being honest. We have somewhere around 28 fiat millionaires waiting to get rich in bitcoins. Voted. But I lied.  |
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Do we have any member in Lebanon to verify locally for their business. Lebanon is a fishy place to do any development, it's way more volatile than the price of BTC.
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