r/bitcoin – 89,324 readers; 750 users here now r/litecoin – 15,588; ~80 r/dogecoin – 15,085; 655 How funny is that? 2014 will clearly be the year of the Shiba Inu. Look at all the hype it's generat-err digging.  Probably January will be the month of the doge coin , and I mean that like the month of its peak and collapse since I can not believe that this madness will go on for an entire year. |
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I don't see your problem. Coins are on that address. Maybe they fixed it or something but now it seems like it is ok.
When I checked his address half an hour before there weren't any transactions just an empty address so I figure they have somehow figured out the issue with this |
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BTC is not going to be worth 1 million a coin in 2 years. That is where you are wrong so the rest of your argument makes no sense.
oh, also, and if it were, the block reward would no longer be 25 BTC. It would be 12.5 BTC. Why? Well, a 2,000 fold increase in the price of bitcoin would cause a huge demand in mining. You agree since you believe people would spend 3.6 billion per day mining. Right now many ASICs can achieve 1 GH/s per watt of power. Let's assume ASICs don't get more efficient (they will) and assume an average electricity of $0.15 kwh. 3.6 billion dollars a day in electricity is enough for 1 TRILLION watts of power. or a total network hashrate of 1 x 10^12 * 1 x 10^9 = 10^21 or 1 zettahash/s worldwide hash rate. The current world hashrate is roughly 10 petahashes (1 x 10^16). That means the world hashrate would have to increase by 10^21/10^16 = 10^5 = 100,000 times. This would make the difficulty be around 100 trillion. This would mean the world hashrate would have to double roughly 17 times. The hashrate would have to increase at such a ridiculously high rate that we would got through blocks so quickly that we would hit the next block having date in far less than two years from now. Thus the block reward would only be 12.5 BTC. I'm too lazy to actually calculate how long it would take to hit the next halving. I'll let someone else do it. Excellent point! Reward-Drop ETA: 2016-10-17 03:57:01 UTC
And now Reward-Drop ETA: 2016-09-14 06:35:24 UTC (142 weeks, 2 hours, 20 minutes) We're gonna have a "party" a few months earlier. |
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You have some maths wrong in your paper. 11kw average consumption of a house , it's more like 33. And why compare it to paypal or google? Compare that to the electricity banks consume. In my parents hometown ~ 50k they have 21 banks , 2 of them are 3 floors high and over 1000mp2 . Let's compare how energy they waste and how much the bitcoin network does. |
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I researched it. It had moved to PoS only, so I bought based on no new coins. The devs fixed the PoW by dropping one or several blocks without discussion. They were silent until the fix came in. You can't research what the devs will do if they are silent.
They shouldn't have fixed by dropping blocks or forking. It destroys the integrity of the coin.
If you researched it , can you please tell me who devs of this coin are? Cause I've been reading the first 10 pages of that thread and I couldn't see anything that resembles a dev , more like an epic clonefail. |
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You've all heard the environmental/waste argument "the Bitcoin network uses too much computing power."
Right now I don't think this is a good argument. We're not spending that many resources mining if you make the comparison with the cost of securing banks and credit cards. However, if bitcoins jump in price like a lot of us hope they will, this will be a legitimate problem.
Imagine that the price of BTC reached $1,000,000 USD on January of 2016. The block reward will still be 25 BTC, meaning that every day, 3.6 billion dollars worth of bitcoins is distributed to miners. Miners would be expected to spend almost 3.6 billion dollars per day to mine these coins. That's 1.3 trillion dollars per year, or almost 2% of the wealth produced globally every year (as of right now).
Of course in this situation, the Bitcoin network will be very widely used and worth protecting from attacks. The question is: is 2% of global wealth devoted to protecting the Bitcoin network overkill? Maybe it would have enough protection with just 1% of global wealth, or even 0.2%.
The general problem is that the rewards to miners will be somewhat arbitrary and not calibrated to the security needs of the network, because they're based on parameters that Satoshi picked before he knew what the adoption/price curve would look like.
Let's assume it goes to 1 billion. Just for fun. For your computing , that would mean 2000% of the wealth produced globally. And now , it seems there is a problem with this , right? Spot it and you have the answer to your question in the first place. |
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This sound be on the sticky wall for things you don't make.
Investing $ in a new alt coin without researching it a bit.
The alt coin bubble is going to blow up and God! , there will be some whining stories afterwards.
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If I will ever try to teach my mom about how to use a wallet , I'll end up in a mental facility before I manage to teach her.
So , from my point of view you can't really consider something being difficult unless you also take into account what drives you to use that thing.
Isn't bitcoin 10 times harder to use than PP ? But there is some incentive to do that , and with tpb(piratebay) domains falling one after other .... I think you get my point.It won't be as harder in the future to set the the .bit dns up , considering the benefits.
Also , I specifically said in my post "prove that it works" regarding to alt coins. Because when speaking about their features , you have used past tense for most of them.
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Selling on ebay is risky due to chargebacks.
Be very careful with Paypal. Charge backs is a real problem. It has happened to me. Nothing you can do about it either. Not charge backs are the real problem. The real problem are scammers who use the charge back feature for their schemes. It's like cars are to blame for all the accidents. No , in most cases , the human that drive them is to blame. Avoid the scammers and you avoid the problems. |
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Iceshill
-it's time for ... bla bla bla
-it's time for ... bla bla bla NO , It's only one time , and it's time for HF to start shipping. |
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Namecoin has the alternative dns thingy behind , so it has something special compared to any other coin.
Until somebody comes with something totally new rather than messing with block reward/time and it proves it works , I consider all the alts as day trading activity.
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No offense but this should be in an alt alt section. Because it's an alternative to an alt coin  . But , I still like the cat better than the dog , so good luck with it. |
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BTCe is rocking, its fast, responsive and every single deposit and withdrawal has worked flawlessly. They are the example of how to do it right with 15k users logged in and Cryptsy volume every 15 minutes.
Wait till there are some issues and you have to go to support. How it will sound when a doge fan asks about it's coins? - Wow , such delay! - In soviet Russia this is no delay! - Wow , much not understanding! - In soviet Russia we do not try to understand! - Amazing! - Lenin cat says that too ! |
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You can do that easily by splitting the alt section into 3:
-Namecoin
-Litecoin
-Other.
Why bother separating garbage from junk?
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Besides , we don't need just merchants willing to adopt bitcoin , we need persons using those services.
And here we have a real problem.
Why would this be a problem with such an infant digital currency? One of the most important issues with the current economy is too much and artificially pumped consumption anyways. Having said that, If I need something I always check if it's available for btc and I'm sure many others do the same - because using bitcoin is a lot better. If everyone would go on a spending spree now, the price would crash easily as businesses convert most of the bitcoins to fiat through companies like bitpay at the POS. Reading these posts/threads makes an impression that the average bitcoiner is an impatient 12 year old with only quick profits on their mind. The problem is that the number of merchants accepting bitcoin has grown quite a bit in the last 12 months while the number of transactions , .. http://blockchain.info/charts/n-transactionsBitcoin is not used mainly as a currency right now , and I have the impression that month after month we're getting more and more away from this |
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I just saw Overstock will accept BTC in 2014. I checked the BTC price, I figured this would help it go up, but it's not really moving. When did the news come out?
One company planning to accept bitcoin in 6 months versus a country almost starting a war on bitcoin right now. It's still pretty good price isn't dropping anymore. Besides , we don't need just merchants willing to adopt bitcoin , we need persons using those services. And here we have a real problem. |
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The only reason why he is doing this (beside a scam) wold be that he has somehow reached a deal with somebody and will acquire some bitcoins cheaper and wants to sell them back at a higher price.
But , sounds so fishy , and with the current price swings it's almost impossible to make a profit for certain.
So , second option , scam alert.
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I warned people enough times:
1) new website
2) whois guard
3) no phone
4) map pointing to a shed
And still ,....
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In my country the communism failed because people stopped working really hard , they had their wages guaranteed , it was better to not learn anything in school because the jobs of professors or medics weren't paid accordingly , and because in communism everyone was supposed to be equal but some were more "equal" then others.
Also that hate for intellectuals and and appointing in key places relatives or communist zealots with only grade 4 education won't do any good.
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I'm new to them.. what's their record? I've had no problem with them so far, except account verification taking longer than 10 days Trading engine bugs. Also, it's next to impossible for people in the USA to get USD out of their Mt. Gox accounts (since international wires are backlogged to July). thanks, and to stompix as well… is there a better high volume exchange? i've noticed the withdrawal problem and workarounds mean more fees through other 3rd parties.. please advise Bitstamp |
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