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Difficulty will stay the same (rising slightly) due to better asics. But some miners who can't adapt fast enough have to close shop. So those rewards that supposedly go to them will go to the better mining farms.
As for BTC's price. Who knows. But one thing is for sure... BTC minng farms will have to spend more for equipment to maintain enough power to mine the same amount of BTC.
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This is going sideways...
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If they don't integrate bitcoin to their system, people can still find other channels to acquire wow gold to pay using bitcoin. There are a lot of websites and marketplace that you can trade without using their system. So either way for them it's a loss of opportunity and imagine the amount of fees they could have collected if it was done through their system.
Ripple or Stellar could be useful for this. |
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I propose a purchasing agreement, which mandates every state in the World to buy a certain amount of Bitcoin every year. The amount will be coupled to the country's respective GDP and could be something along the lines of 0.001%-0.01% of it. The states have to hold on to their purchased coins for a given amount of time until they can invest them again.
Which other rules and what conditions and timeframes for selling off the coins do you suggest should be implemented?
And what's in it for the state? What if their counter proposal is to outlaw mining, making it only them are allowed to mine and support the network. Well, people would then disregard the blocks mined by the states and treat them as a fork. People would go back to mining with their CPUs, and all the blocks mined by the state wouldn't be considered as the main branch. Awesome idea. Ok let's do this! |
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What do you mean?
Like if you let the coins stay in exchanges?
No, I mean if you are not mining you are not protecting the network. You are letting it become more and more centralized and in time allow the mining farms to decide the Bitcoin Protocol. Black listed coins.. More than 21 million supply.. So what... You want everyone to set up a bitcoin farm?  |
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They did it to themselves.
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The real news is if cops return lost money, that is the news.
Cops who are stealing bitcoins/money is not a news.
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I think the difficulty will drop by a lot. Who knows what that will do to the price though. Things will get interesting whenever the block halving happens though.
I disagree. They will develop better asics. |
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This is proof that most people talk out of their ass in speculation. Yes, me included. |
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Is the site officially dead?
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Ah, I see... We're at that time again where we're rotating our charts  I don't really believe in sideways movement. A breakout/-down seems much more likely, I believe. Price is still resilient. At least we went down fighting, I guess... Sometimes looking at something in reverse will give you the right perspective. And the support is still looking good so far. I'd be all for more sideways movement. I think breaking out of a giant falling wedge is a good thing, but that doesn't happen that often, actually. But hey, let the price prove me wrong on this one  Hehe... Still holding. Cross your fingers. |
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I was just thinking this morning, about the reward halving upcoming sometime 2016. Most ppl here are pretty assured that when the halving happens it will guarantee that BTC will increase in value. There have been plenty of guarantees over the last year or so and none have panned out so far. If BTC remains at its current performance level, wouldn't the halving merely drive any miners operating at a thin margin out, make mining not profitable enough for new miners to get in the game and basically slow the network? I understand supply and demand, but demand drives that, not necessarily supply. If no one wants a 200$ btc, it doesn't matter how many there are or how hard they are to mine?
just a shower thought, what's your take? and please, limit your "BTC CAN NEVAR DIE and you sir are a cock!" statements to provable truths, not opinionated speculation please. BTC could die and very well might. I hope not, but that isn't the point of this thread.
What do you think will really happen when the halving comes? anyone thought through any scenarios?
Survival of the fittest among the miners. |
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This is going sideways...
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Could developing Bitcoin based websites/apps for Maelstrom be a perfect fit for Bitcoin purists who want to get back to its roots? Please check it out. Some of you might find it interesting. Distributed Browser Expands Test Group, Introduces Developer Tools
In December we announced the release of the alpha version of Project Maelstrom and shared our vision for a distributed web. It’s a vision for the Internet that we’ve long held at BitTorrent; we believe its a necessary innovation to sustain a truly neutral, content-friendly network.
At that time we asked, what if more of the web worked the way that BitTorrent does? Project Maelstrom aims to answer that question with a web browser that powers a new way for web content to be published, accessed and consumed.
Since December, we have learned a lot. We also have established a growing community of testers, developers and publishers. More than 10,000 developers in fact, and an additional 3,500 publishers, looking to share our vision of how the Internet can work. These are technologists, academics and researchers. These are start-ups, agencies, and visionaries. And these are the people who will help us build the next 20 years of the Internet.
http://blog.bittorrent.com/2015/04/10/project-maelstrom-enters-beta/ |
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Someone out there is buying a lot at these levels. Again... BTC will go sideways for a while.
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But actually...  |
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*sock puppet drivel*
Cool story bro Hahahaha! It took him 1 hour to write and edit that. You could at least take the time to read it all. |
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This is going sideways...
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