Gold is a very interesting element out there, but despite it's appeal, it is very hard for me to consider it money. Its the same as diamonds, emeralds and rubys, all of them are shiny precious assets, but none of them are money, they are just valuable commodities  Bitcoin is money. as a far as i know(joking here), the value to a thing(any thing) is given by us, by supply and demand, and not by an astronomical entity, everything has value and in the same time everything has not it this is the reason why something cannot really be considered more worthless if one day there will be more adoption for it something is really without value only if no one care about it |
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it is all based by the consensus given by the nodes who run bitcoin(miner and merchants, especially), it is like an automated poll, so a more % agree on a version instead of another one, that version will succeed
this isn't something like few politicians around a table taking all decisions, like in every governments basically...
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I don't have any dollars so I don't care. All I got are cryptos!
and how you use them, you need to dump for usd at one point, unless in your zone you can pay everything with bitcoin(i high doubt that) but in the event the dollar collapse(unlikely before any other fiat) bitcoin will just switch to euro and so on, as long as there is one fiat we can measure its value easy |
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Bitcoin obviously survived and it wasn't the end of the world, but the blockchain was bloated as hell and confirmations were taking hours. If anything, I think this test showed the necessity of a plan to scale the blocksize in the near and distant future.
The only transactions which were delayed were sent minutes before the spam started, or by users with wallets that don't properly calculate fees. Transactions went through quickly for anyone who paid higher fees. Blocksize never has to be increased for Bitcoin to function, especially since transaction volumes in the real world aren't gonna be spiking so suddenly. Even in an attack scenario like this it's barely a problem. this is my case in fact, i sent a transaction of 4.3 bitcoin with standard fee, and it was confirmed very fast, i was surprised, seeing how many other were stuck there because of this test i used the simply core for that |
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well ebay will loose market interest too fast after openbazaar goes live and first transactions happens without problems... its happening bitcoin will take down a huge wall and 15% fee is really a lot money
It will probably be a long battle. Ebay and other sites uses google to advertise. OB will have to become the #1 known market place so people dont even bother with google ads. it's all about security really, if customers that are approaching open bazard, will find it more secure and convenient, they will switch, but it is not easy to beat amazon or ebay at this point, they are far too strong there is the possibility that open bazar will remain active for a niche market and nothing more |
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Yes. With a maximum of 21 million bitcoins that can be mined, just imagine IF huge websites such as Amazon or eBay started to use them...21 million isn't even 1% of America's population! It will become very scarce eventually and 21 million is really a small number.
That is why each Bitcoin can be split into 8 decimals. You can easily make 1 satoshi $1 but that would not be very realistic. More decimal place can be added if needed. agree .actually there are too few bitcoin in existence, when the mass adoption will be complete you will see 21M is a low amount for 7 Billions of peoples not really, bitcoin is divisibile up to 8 decimal digits, the bitcoin value will rise as a consequence, if there will be a great adoption , and therefore 0.01(for example) will be worth what one bitcoin is worth now so we don't really need a higher cap, but only more people using it |
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i didn't tried it, because i don't like that search engine, when we have the best one, how much is the payment, or the itipping, something like faucet right?
if this is the case, then i don't think it does really matter if they pay or not, but at least more users will get used to bitcoin, this is the only good thing
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Never really thought of using a card, I have seem a few floating around, BIT-X have one as mentioned, there are costs to using these cards and also restrictions so I would prefer to just not use them although I do understand that it can be useful for everyday purchases.
What kind of restrictions? Would you mind share a few examples? 1 of them is that they not ship to all country, another one it that you need to verify your identity(ID and residence proof) above 500 per day |
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well sure altcoins is short medium investment not for a long road to play with them...
well not really, big altcoin like dash, monero, litecoin, and doge, can be hold for long term investments, they are still pump and dump, but they will not die soon see litecoin it got another pump recently, and there will be other in the future, so you can't exactly say that they are dead |
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Buy rate: EUR 247.40  where you see it? are they trying to cover they debt with this ploy? As in most EU countries it's not defined by law..yet..
it does not mean that you can't declare anything, especially if your income is very high |
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any bitcoin blockchain forums yet
What do you mean "bitcoin blockchain forums"? somethign along the line of "blochchaintalk.com" but you can discuss about blockchain here, i don't see any problem, maybe he was joking |
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What kind of alts are you investing at where you expect a rate of return of 1000%+?? you are saying you expect to go from a few $ to thousands of thousands... I don't remember many altcoins that gave such returns for such a small first investment.
They're out there. If you'd got in on the ground floor with NXT you could've turned 1.5 BTC when it was sub $150 into 5% of an eventual $100 million market cap at its peak. That's almost all paper profits of course but still a very nice ongoing drip feed if you weren't too impatient or greedy. I dont trust NXT, it doesnt have offline wallet. Thats all, no offline wallet, no trust their wallet is a bit different it does not come with a gui, but with the usual command line, but they does have a good online wallet nonetheless nxt was instamined to death from the beginning |
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well kids like to play, so something that can bring together bitcoin and gaming
like puzzle that when solved reveal a private key for example
it is important that kids start to learn early some basic economy, at least something about income and expenditure
i heard about a new law for some countries that will make it possible(to teach them basic economy) in schools
Yeah, they like to play but they don't like puzzles. Download bitplay game for them (like Coin Flapper and Coin Crusher) They play the game and earn bitcoins. The kids start to remember the name bitcoin! And then teach them to withdraw the earned bitcoin to buy something! Forget about the boring technical things. Just teach them how to use bitcoin, like how to use fiat money! we are lucky that bitcoin is pretty catchy as a name, it will spread fast between student, if they start get used to it, via gaming in the elementary school professors should already teach about any financial instrument and any asset(just the base of it), including bitcoin, but i don't think they are doing so |
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Seems like many of you are interested in this topic. For me one answer stands out. Let's agree all not to pay tax. And if our Bitcoin becomes more valuable compared to your desired currency and we get rich, help others. In my opinion we are paying enough tax and it does not help us. I currently live in the Netherlands, my operation wil hopefully launch in 3 weeks. Operating from KRG region near boarders of Turkey. We have no currency and why not take Bitcoin and be a step ahead?
it is better to pay the bills with your real job and leave bitcoin earned from mining, in cold storage for now, so you can avoid any issues with taxes, and you do not need to pay them at all if you are forced to use bitcoin, by dumping them because of emergency you can stay below 600 in one year for USA, or below 1k in one year for European(they are starting to take action against this) |
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not too much i prefer to trade bitcoin, in another way, with stock and commodities, by closing or opening position, i can have a better control over the market, and there is more fluctuation, thus you're not forced to do leverage
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best way was with litecoin apparently, those that were lucky enough to catch the last pump, that is still ongoing, can have doubled their balance right now
expect a pump for dash or monero in the future, these solid coin always receive pump, because they aren't exactly dead coin, and traders like to have an alternative
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0.45 BTC for HERO account is very low price, only hero account with crappy post is sold with that price. I remember some people try to lowballing hero account with creating WTB thread and try to buy hero account with 0.3-0.45 BTC. But it seems no one interested to sell their account with that low price. In my experience, me & my friend can sell hero account for 0.55 - 0.65 BTC to buyer who created WTB thread.
But it's back to post quality again. Account with high quality post will get higher price, and signed message availability too.
there isn't enough demand for buying an hero above 0.5, because you need one month basically, for every signature to roi, and people are impatience with bitcoin that is not so healthy actually a good hero should be in the range of 1 btc, and hero with good trust much above that |
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I think BTC price is manipulated. Al the order books are fake and you need a huge amount of value to move all the important exchanges at the same time. One you did that, you get reactive effect but the timing is important!
i don't think so, it is that they are using bots all over the place, in every exchange, you can use your too, human trading is very rare nowadays manipulation is there but to a much less extent than before |
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i can only see that we are acquiring some trust, but we are in the bear tornado yet, although there is still the "you shall not pass" in the 200-220 range, the market it secure against big dumping
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Setting 21 btc has a long term retirenment plan was my plan last year, i still have them on cold storage with my encrypted key in a safe so when i turn 60 life could be much better then what i planned for, well hopefully by that time bitcoin is worth 1m usd a btc.
Depends how old are you. I am estimating about 20.000$ / BTC in about 10 years if everything goes as planned. If a financial crisis breaks out (very likely) then it can go even to 200.000 in the next 10 years! So at this point we stand at a crossroad. In any case bitcoin's future is bright! There is no chance that bitcoin is going to $20,000 in about 10 years or 20 years or forever. Dont dream too much. Btw what plan is bitcoin going to make? How can you said bitcoin price will going that high? What is that price based on? I guess you are just saying an absurd thing without based on anything it is all based on math, nothing else, it is always the case to talk about supply and leaving the demand(worst case if bitcoin will not die, and it will not in my view...) as it is right now, when you want to predict the bitcoin price it is obvious that if there is less dumping from miners the price will rise for sure, if the demand stay the same as now, but how much it will increase , we can not know... Based on math? How can you subscribe it? There is no way that bitcoin price will hit $20,000 for entire time and miners will sure dump here and there, and there will be some whale pump again or may be they will make it stuck at some point so there is no chance that price will get to $20,000 with the high demand too you did not understand, all varaibles that are unknown are excludedso in the worst case scenario where bitcoin is still alive the price must go up because miner will dump less and i didn't say that it will be stuck at 20k, manipulation will always be there, no matter what, but the point is that if you look at bitcoin from a math point of view, it should increase because of its scarcity, that it is improving as we go along |
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