Today i see bitcoin price experienced significant increase from $255 to $265. Maybe it's caused by people who rushing to bitcoin because Greece bankrupt. This problem also make gold price increase. Let's see Greece Referendum result.
That would be my guess too. With Greece bankrupt Euro will take a big hit. It's price already started dropping. And it's also hard to believe that Greeks who are limited to €60 per day will rush to buy Bitcoins. Maybe some of them, which are the ones that had inside info and withdrew before the announcement. |
|
|
|
What happened? There's only ~600 unconfirmed transactions.
I see 790 and it keeps rising. I think the test started. |
|
|
|
Good initiative. As the banks are closed and limits imposed, the ordinary Greeks will not be able to purchase Bitcoins with the money in their savings accounts. And buying Bitcoins in person is not safe enough. A BTC ATM was just what the Greek Bitcoiner community needed. And I hope that they'll install more of these ATMs across Greece.
Indeed it is a good initiative but I don't think many people will be using it any time soon. Now with the banks closed and the withdrawal limit set to €60 per day, I don't see many people rushing to the Bitcoin ATM. But a good initiative none the less  |
|
|
|
Did they really have to put it in a pitta bread? I mean seriously? Regardless, I think there's going to be a real issue with using your bitcoins over public wifi. Even an entry level hacker can get into your computer very easily when you use public wifi.
I don't think they put it in a pitta bread. They just said it fits in a pitta bread   I think they could have used something better as an example or to compare it to. Nobody measures the sizes of things in pittas. That's the machine? It's still not IN the pitta though  Yeah, they could have used a better comparison. |
|
|
|
Can I ask how you came to that number?
Because it is impossible to know that for sure. Current hashrate is ~350,000,000 GH/s https://bitcoinwisdom.com/bitcoin/difficultyLet us assume that miners takes 600w for 1TH/s (some miners are better, some are worse) So, the network runs as 350000 miners Total daily electricity is 0.6 * 24 * 350000 = 5040000 kWh 1kWh costs $0.10 So, daily network expenses only for mining are $504k OK, $504k is not equal to $1m but close enough LOL! No, it's not close enough. It's half of a million. That means that, according to your calculations, each transaction costs $5.04. ($504k / 100k) Which is still a lot.... |
|
|
|
I can think of few things to invest your coins but my best pick would be trading. Cloudmining is not an option here as it is just way too risky. Maybe you can go buy profitable sites on flippa or something. Or invest in a project that's with a good ROI and good plans, guaranteed long term if you're up to that kind of investment. As for me, I'm fine with trading on ecoin.eu but whatever suits you best.
Isn't trading just as risky though? For the little gains to be made it doesn't seem worth the hassle and keeping coins on an exchange is always risky in itself. Yes, much like all investments it has it's risks. You can however make good profit if you trade larger amounts. However, with larger amounts comes bigger risk |
|
|
|
Find a job you are good at. Get paid in fiat. Exchange fiat for Bitcoins.
Why would he do that? He will lose money from the exchange fees. Wouldn't it be better if he got paid in BTC? |
|
|
|
Hi, and welcome to the forums. It is nice to see that you accept Bitcoin. I would advise you to move your thread to Services as you will see better response to your post. Have a good one |
|
|
|
Did they really have to put it in a pitta bread? I mean seriously? Regardless, I think there's going to be a real issue with using your bitcoins over public wifi. Even an entry level hacker can get into your computer very easily when you use public wifi.
I don't think they put it in a pitta bread. They just said it fits in a pitta bread |
|
|
|
Yes.
Bitcoin network eats ~$1mln daily for processing ~100k transactions
So one transaction costs ~$10
Who pays this cost? Hodlers by devaluating their stakes.
Can I ask how you came to that number? Because it is impossible to know that for sure. |
|
|
|
* Payments cannot be reversed
Advantages. uhh my experience: I'm using bitcoin at least once every week for buying some product/service (for last ~3 years) and I really can't call "non-reverse payment" system as advantage. Quick example: I paid part of my BFL order with BTC and part with paypal. With BTC, I never got my money back, with paypal I simply opened dispute and they pushed them to reverse everything. I also made lot of mistakes during usage of paypal last years (wrong amount, wrong mail address) and I never had any problems to fix them. With BTC, in last years I sent them once incorrect address (wrong copy paste) and 2x made mistake with floating point.. If you think, that non-reverse payment system is advantageous for customers/end-users, please time to time turn off your laptop, go outside and ask common people, what they think. maybe you will be surprised.. That is true. Many people prefer the security the bank offers them, which is why they have their money there. I am however sure that we will at some point see Bitcoin banks that will do that. The question now is: Will merchants accept Bitcoin if they have to wait for 3 months for their payment to be cleared? And have fear of chargebacks? |
|
|
|
How do you define money? In my opinion, everything which could be exchanged for other things is "money" in some way.
So, from this definition, Bitcoin is already money.
That is true. We have the exchanges where one can exchange their Bitcoins to other currencies. We have stores/businesses, both online and retail, that accept Bitcoin as a payment method. Does it really have to be called "money" though? I think it works just fine being called Bitcoin |
|
|
|
Why would they even need a blockchain to move money between themselves?
it's unclear to me as well. even if you have a (semi private) public ledger, it doesn't need to be a blockchain as the units are fiat debt instruments, not scarce digital assets like Bitcoin. It's simple guys: If Barclay's (or any bank for that matter) developed their own block chain that means they would develop their own software and here comes the BarclaysCoin (in a way)..... I will not focus on the BarclaysCoin, but I will focus on what they have already considered - saving huge on payroll. Right now Barclay's has 7000 branches worldwide [1]. (Before you read further keep in mind that the numbers I am using it's just examples and may and probably will not reflect to real life data) Now, let's say that on average there are 10 employees in each branch that get on average $2000 per month salary (plus insurance, etc). That is a total of: $140 Million Dollars per month!!!Now, back to the block chain: If they have their own block chain and client software they will effectively be able to gradually lower their branches (not the electronic banking) payroll expenses to $0 Dollars per month!!!  And that can be achieved simply with the use of Satoshi's technology. With the use of a block chain and client software there will be no need for cashiers, the customer can deposit and withdraw FIAT through an ATM and transactions will be made within the client software. Does the above sound like a possible scenario to you? [1] http://www.barclays.com/about-barclays/around-the-world.html |
|
|
|
Just make the account with the coin name and voilà. You reserved your name.
^^^ That is to reserve the username in the forum. After that, you should head over to the altcoin announcements section, and make a pre-announcement of your coin. Update the thread every now and then and you should be good. |
|
|
|
I got into Bitcoin because it was a better payment method for online shopping than creditcards or wire transfers. I also do not trust PayPal. {So it started out as a currency} The more I learned about the "store of value" potential, I started to hoard a bigger percentage of the coins I bought. I can now say, the biggest percentage of my coins is in cold storage and I use very little for online payments and daily cofee and lunch.  It's great to have both options... You just choose, what percentage you want to use as a currency and how much you want to invest for later. Indeed it is great if you can do both. Can I ask how you bought your first coins? |
|
|
|
Funny, much funny  I have one question though: Why would everyone (or anyone for that matter) in the whole world report capital gains to the U.S. government? |
|
|
|
Figured it out, please disregard my noobness
There is nothing noobish about asking how a service works. If you don't ask, you will not know Also, if you can use circle in your country I would advise you to buy through them (I am guessing you want to buy using a VISA/Credit card). If you can use circle then you willl save on $/€ -> SLL -> BTC transactions fees. So it will be: $/€ -> BTC fees only |
|
|
|
If the block reward is maintained at 1 Satoshi after 2140, the value of BTC will not drop. These extra Bitcoin (0.0005256 bitcoin) shall only be enough to account for the lost coin every year.
Why? And why would the price drop anyway? I believe that the reward from the transaction fees will be more than enough. No new Bitcoins needed. |
|
|
|
|
Have you considered offering this person the $10,000 you are offering here in return for your laptop?
Also, I am pretty sure that this person will go through all files and installed programs.
Sooner or later he will find Bitcoin and/or your wallet.dat (which sounds like something you wanna take a look inside isn't it?).
He will try to access the wallet and because he wont be able to he will look it up in google and eventually (probably) end up here.
That's when he will realize that only you can have access to the funds.
So, there is 2 things I see probably happening:
1) He will call you and accept your offer of $10,000 in return for your laptop.
2) He will be a bitch about it and try and extort more than that from you. How that works out, I don't know.
Either way, it's the only way I see it happening at this point since he knows you want it real bad.
But make sure to offer less at first because there will be a bargain.
You could also go to the police and get them to find this guy through this "accomplice" you mentioned.
I don't know how that is going to work out either.
|
|
|
|
Which option would be best for Bitcoin? Which option would be the worst for Bitcoin? Which option is the most likely? Which option is the least likely? - The creator of Bitcoin is never known. The early Bitcoins remain untouched
- The creator of Bitcoin is never known. The early Bitcoins are eventually used in transactions
- The creator of Bitcoin is self-identified while he is alive (by producing a statement and proof)
- The creator of Bitcoin is self-identified after he has died (by him leaving a manifesto and proof)
- The creator of Bitcoin is involuntarily identified while he is alive
- The creator of Bitcoin is involuntarily identified after he has died
Your questionaire is incomplete IMO. List options 3-6 make no mention of Satoshi's Bitcoins. So, so far I got this: Which option would be best for Bitcoin? The creator of Bitcoin is never known. The early Bitcoins remain untouched Which option would be the worst for Bitcoin? The creator of Bitcoin is self-identified while he is alive (by producing a statement and proof) Which option is the most likely? The creator of Bitcoin is involuntarily identified after he has died Which option is the least likely? The creator of Bitcoin is never known. The early Bitcoins are eventually used in transactions |
|
|
|
|
Show Posts
