It sounds like roughly a year is what people have in mind. I don't consider it "acceptable" to put ourselves in a situation where transaction fees start jumping up as they did in the stress test last weekend. Maybe someone who only moves thousands of dollars/euro of bitcoins at a time is OK with this, but for people of more modest means or for mundane transactions, having the fee go from .0001 BTC to some multiple of it is going to drive people away. It would mean the slow death of bitcoin (or maybe not so slow), as people found an altcoin without the obnoxious fee hitting them in every transaction.
yes, see here http://bitcoinexchangerate.org/fees https://bitcointalk.org/index.php?topic=1101202.msg11723908#msg11723908Ppl are paying 0.0002 BTC transaction fee to compete with other trasactions. |
|
|
|
Getting 1278 unconfirmed transactions.
Total transactions: 1252 No fee: 61
Number of transactions: 1252
Minimum fee: 0.0
Average fee for payers: 0.000140692404153
Median fee for payers: 0.0001
Stdev of fee for payers: 0.000268533671518
Total bytes: 549736 I didn't expect ppl are paying 0.000268533671518 BTC transaction fee to get transactions confirmed! If every one is paying larger than recommended fee, the miners will be happy! Nice chart! It gives us the rough fees we should pay to have the priority to get the the transaction included in the next block! What I am concern is that if every ppl are paying high fee, what about the low value transaction? They cannot afford high fee and have to wait long time for the confirmation. |
|
|
|
|
The mainstream probably will be comfortable to adopt bitcoin at least their bitcoin has some extent of security. IMO some legislation should come out and recognize bitcoin as money or property, which anyone steals or hacks, will be put in prison or fined . The money will be returned to the original owers. Bitcoin will be adopted widely at that time IMO.
|
|
|
|
|
I think school should open some courses for bitcoin for the kids, not the technical specifications, just the basic concepts about it, like what it is, how to use it, development process, features etc. It will make the kids to be interested at it from their young age!
|
|
|
|
Now we only need a single Rothchild member to put some of his/her wealth into BTC to drive the price to jupiter. Anyone getting in BTC can only be an ally, that is the beauty of the blockchain, so they are welcome.
It is not the right way to suddenly push the price significantly by a billionaire.At the same time they could dump the bitcoin at a good price and crash the price. What we want is that when the price stablely increase, the adoption rate is increasing as well! |
|
|
|
I have heard from a bitcointalk thread that it is good to buy a crypto-currency when it is fresh launched on an exchange and after some time sell it. Is that true? Anybody knows if that is a good strategy?  Depends on what exchange and what altcoin, there are too many shitty exchanges now that accept any coin at all, that shouldnt be a factor to buy the coin because it may be the shittiest altcoin but those exchanges are still going to accept them. I started buying some altcoins that have a low price right now, that are somewhat new and have potential to see how it goes, i bought maxcoins at 9000 satoshis, now they are at 9800, we will see how it goes. Buying new conis is extremely risky. why not buy the leading altcons? There is high chance you will earn some decent amount of money from the long term. |
|
|
|
Are you saying that miners have not grown the last couple of years?
You can't be serious, look at the network hashrate, this is where the true BOOM has been.
The network hashrate is increasing a lot, but hashing power is too centralized. Chinese miners are having 60+ percent of hashrate power. It is not good to the overall network. |
|
|
|
Yes. But banks need to attach a coin to the blockchain, most likely bitcoin.
No need! Coins attached to blockchain is for the aim of incentivise the miners to secure the blockchain. Banks has being making a lot of money and could save a lot of cost from applying blockchain technology. why wont banks be excited for anything ?
banks just find a medium for them to be a source of income . in order to earn some money they can do anything.
and since bitcoin is growing day by day , it can be a perfect target for the banks to acquire bitcoins and mange a transaction via bank so that they have some commission in it too.
IMO banks wouldn't adopt bitcoin directly and will compete with it. Coz bitcoin is independent decentralized system without the third parties. |
|
|
|
well all know the potencial of the blokhain and bitcoin is just together one depends the other and vice versa
Not really! Bitcoin's blockchain technology is applied more than bitcoin itself! We know all of altconis are based on the blochchain concept. The blockchain called ledger as well is used by many centralized companies, who issues their own ledger and record the required info instead of old style database. The security and integrity of the ledgers is maintained by the peers located in different place. So it will save a lot of costs. |
|
|
|
|
I read this news long before! cannot understand why you bring this out again! I know this will give a good image to bitcoin and expose Bitreserve publicly.
|
|
|
|
|
I don't think so as long as the issuing power of Euro is controlled by the ECB. So all of the banks in European are treating the same status for different Euro. So is the merchants! What is your intention of creating panic here?
|
|
|
|
my address:17XUBuJNPmQKUDmD338w9r8VCiYPvyFkrM
quote for you! |
|
|
|
I wonder whether you have liquidated your blackcoin and vericoin and how many profit you have made from them! Nowadays the hot coins' price is pumped up a lot and there are many risks associated with them! I didn't mean the hot coins is not good, but the price is a bit too high from the value investors' point of view! Do your own research and make careful investment decision.
I had only few BC left. Not a serious profit made though. I see that the volume of trading both in Bittrex and Polo is not quiet high. Do you think that the altcoin exchnge world is way after its top? OK! Investing in altcoin a always carries some extent of risk! I think altcoin trading always has its place in crypto world! Maybe another top is coming! |
|
|
|
|
I wonder whether you have liquidated your blackcoin and vericoin and how many profit you have made from them! Nowadays the hot coins' price is pumped up a lot and there are many risks associated with them! I didn't mean the hot coins is not good, but the price is a bit too high from the value investors' point of view! Do your own research and make careful investment decision.
|
|
|
|
I have two:
14nE9j3jzFvHjxRaFXaM9uKtDZJf7X3npj
1NR2vaHsK8Am34kfXx7NJCMwV4tfd7dNNJ
My adress BTC1CHBorfA3vzMx5zsfwmBFGU5TzEfp36jCU My address: 18Puy6euHcBcQfxdxqwL3sSwyFZq2zPmpe |
|
|
|
I will however point out that the company that is claimed to be behind the stress test does not actually have an [ann] thread on bitcointalk and a google search for them yields very few results. I would also point out that the domain coinwallet.eu appears to be registered only a little over a month ago. I think there is a fairly good chance that this is actually a somewhat elaborate scam to try to get peope to sign up for their wallet service, deposit money so they can run away with such money
I don't think there are some wrong with the company since they paid transaction fee and published their stress test process and results.We will aware the potential neck block as the transaction volume increases and understand the benefit brough by the increased blocksize. My concern is that this is not a "real" company/exchange/service, but is rather a scam that is trying to gain publicity by advertising that they are going to do a stress test on Bitcoin. I would somewhat doubt that the "test" actually happens, I think either the OP is going to "cancel" it because of a negative reaction, or we will hear silence. Understood! But bitcoiners wouldn't be easily trust this kind of newly launched wallet provider! We all know that there are a lot of scams and hacks around crypto world! We are always cautious about keeping our bitcoin except the new bitcoiners. Have a look at this: And two related bitcoin address: https://blockchain.info/zh-cn/address/1NiFhMbV6cQrw4zZScEfkEQ9kofmWfXjNJhttps://blockchain.info/zh-cn/address/1Q6M9Vyuv5RyeuqpgJfCUCWrM2yrSb45BDThe transacton is as they claimed.These transactions was approximately 3kb in size and will each spend to 10-20 addresses - The outputs will then be combined to create large 15-30kb transactions.They took place continuely on these few days.IMO the test is there! |
|
|
|
I will however point out that the company that is claimed to be behind the stress test does not actually have an [ann] thread on bitcointalk and a google search for them yields very few results. I would also point out that the domain coinwallet.eu appears to be registered only a little over a month ago. I think there is a fairly good chance that this is actually a somewhat elaborate scam to try to get peope to sign up for their wallet service, deposit money so they can run away with such money
I don't think there are some wrong with the company since they paid transaction fee and published their stress test process and results.We will aware the potential neck block as the transaction volume increases and understand the benefit brough by the increased blocksize. |
|
|
|
once all coins have been mined, the price will go up, ie supply and demand
By then besides us being dead, 1 BTC will be something ridiculous like 100 million current USD dollars, which means the small BTC made from mining will still be profitable, well it will not be really mining, it will just be transaction processing.
How are people so sure that the price per bitcoin will be so great? There's not analysis that say this is likely to happen, right? If so, can someone share it with me? PM me...seriously, I'd love to read it! Although we know the price might increase a lot after mining reward halving or 0 block reward, but no one can definitely predict the price in the future. As an investor, we only can invest what we can afford to lose! |
|
|
|
This is a general discussion on how to best achieve Privacy and Security with cryptocurrencies. At the moment I'm not imposing moderation, but if spam, trolling, or FUD gets to a point where meaningful discussion is impossible, the thread will be moderated or terminated.
About privacy: Always new receiving address and new change address, you can use VPN to hide your IP as well. https://bitcoin.org/en/protect-your-privacyAbout Security: Always set up long passphase including number, charactor and captial. Back up your wallet! https://bitcoin.org/en/secure-your-wallet |
|
|
|
I think it might even be crucial for bitcoin to increase the cap. psychology of having 0.000000000000001 of a coin aside, there's a very real problem with compensation for miners. Will there really be enough transaction volume to cover mining expenses? By the time the mining rewards become insignificant, the infrastructure around bitcoin will probably be a lot better, and there will be companies like coinbase and xapo that will have bitcoin transactions within its own environment and off chain, to allow micro transactions (so that a 1000 satoshi payment won't require 10000 satoshi transaction fees for example) and to simply save on transaction fees. We don't know how many transactions will actually be done on the blockchain.
If the miner rewards are too low at that time, the bitcoin network will not have enough security and there will inevitably be people who want to destroy it given the chance.
It will depend on some factors such as mining reward, bitcoin price, hashing power, bitcoin adoption etc before the end of bitcoin mining. No one knows it yet! But IMO it is a crazy ideal, which definitely will crash the price. One day bitcoin is popular and the number of it in the circulation cant meet the reqirement of our need, and it falls in to deep deflation. We might need to increase the 21m cap. But who knows now? |
|
|
|
|
Show Posts
