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even without good news, the FUD just burns itself out. You see is so much and it just becomes a drone then nothing and BTC still exists and powers on.
Read through early posts of this forum, and the FUD has all been done before. The latest round of newbs has just gone. Nope.
Sure there can be another shake out, but hey so what.
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So PeerCoin will be the BTC of the POS world
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The longer POW of Peercoin may result in a better distribution than Black Coin and off course sunny king as dev is always a big plus.
But its good to see a POS evidence offered by BC, at least in part.
The speed however is perhaps illusory as it may require more confirms to be as secure. However people like to see a "confirm" and they can choose how many they are happy with.
As far as I can tell The speed and smaller fee may see a large blockchiain bloat, and so it misses the backbone currency/store of value end that PeerCoin is aimed at.
one large issue for BC is
no limiting minting probability
this if I understand right is dangerous as it allows stake hording then huge attack
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i wonder if op is the same as BCnext or whatever the dev that started NXT and disappeared....
I also missed this one agiannnn even though I was looking out for it.....
damn.
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I don't think bitcoin will reach 10,000. EVER.
Why not. Too many people will be too rich after speculating. Too many compared to what? And too rich compared to what? Run some numbers for us. I understand your need to get numbers. I can only give this example: guy sitting on 10,000 BTC gets 100 MIL USD THAT HE CAN COPY ON A USB STICK. With BTC you can move shitload of money without banks, LEAs etc to know about. That's huge power in hands of one man. You can't get this much power if you have 100 MIL USD in assets or even 100 mil USD CASH. You'd need a truck to move 100 USD cash. Or a bank account. There can only be so many bitcoin thousenaires. Limited supply remember? Also any number of millions is not Rich. Billions maybe, or trillions. A relative handful of new millionaires would not majorly shift the world economy. Then let's get to 10,000 so any 1 BTC holder can make thousands of times his investment. I've been here since bitcoin was nothing and I was so passionate on speaking and spreading it in the past, that people we're just dumb smiling at me. I really wanted to gain adoption but not to make more wealth for myself but because I was seeing it as an amazing thing. But now things are different, we want it at 10k so we can make more $$. That's what's killing BTC at it's core. I am deeply saddened that we have still these exchanges and not using bitcoin enough, in the street. The 10K yes nice for people wanting to make money. The main reason for 10, 100K and over is it makes the market a lot harder to manipulate and potentially a lot deeper, which is much much more usefull as a means of exchange. Consider that at 100K you need 500 times the money to move the market compared to now all things being equal. So if I need 100.000$ to move the market a bit, now I need $50.000.000. There are a lot less people/entites and institutions with $50M ready to go to do this than 100.000K. Thus volatility likely decreases. At the $1 Mill mark, even federal govts such as the US or China would have difficulty coming up with with 10 Billion here or there to influence the market, every day. The stronger BTC gets the stronger it gets if you see what I mean. Incidentally this makes a lot of holders wealthy. A lot of central banks/Govs have probably realised this and will do their best to shake out individual BTC holders, as a BTC holder has some similarity to a sovereign central bank, or at least is running their own bank.....that can't be easily shut down. In some ways, the regulation and tacit "banning" of BTC is good for BTC/CC's as it keeps govs out for longer which gives BTC time to evolve sufficiently. |
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A call out for people to leave their dissatisfaction on the NAB facebook page, about anti competitive behavior for choice of payments system under the guise of "risk" https://www.facebook.com/NAB |
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ops brain is sporked by the magnitude of the change BTC is to human history. That's ok op....not everyone make it though the evolutionary filter.
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One flaw you maybe missing in this is that any Bank/Credit Union requires an upstream bank to provide clearing/settlement. Only the main banks can provide that and if they refuse to provide you settlement services due to associations with bitcoin then your bank/credit union is rendered useless.
Sometimes yes you do need an Up stream Bank. However the RBA/APRA/ASIC etc are unlikely to allow upstream banks to refuse services if they grant an ADI. The Australian Govt and Legislation is committed to competition including financial competition. Banging deregulation has be happening since the 1960's or around then in various stages. Banks can not behave in an anti competitive manner. Denial of service to a licensed ADI would be anti competitive. |
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BTC is not a Ponzi in any shape or form. The Protocol ensures that.
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What is a credit Union;
Credit unions, mutual building societies and mutual banks have a mutual structure and their first point of business is to focus on their members (customers). Anyone can join and become a member. Each member of a credit union, mutual building society and mutual bank owns the organisation they belong to, and have a vote in the organisation’s governance.
Unlike publicly-listed banks, credit unions, mutual building societies and mutual banks aren’t publicly-listed companies and so they don’t maximise profits to pay external shareholders. Instead, they put their profits back into outstanding customer service, better products, competitive mortgage rates and fairer, competitive pricing for their members.
Deposit guarantee
Deposits of up to $250,000 with credit unions, building societies and mutual banks were covered on a permanent basis by the Government guarantee from 1 February 2012.
How are they set up/regulated
Credit unions, building societies and mutual banks are Authorised Deposit-taking Institutions (ADIs) and are subject to the strongest regulatory framework in the financial sector.
ADIs are subject to close supervision by the Australian Prudential Regulation Authority (APRA) under the Banking Act 1959. All ADIs – banks, building societies and credit unions are subject to the same, strict, legally-enforceable prudential standards on capital, liquidity, risk management and governance.
In addition to their licence to carry out banking business, all credit unions, mutual building societies and mutual banks hold an Australian Financial Services Licence (AFSL) and are regulated by the Australian Securities and Investments Commission (ASIC) under the Corporations Act 2001. AFSL holders are subject to a range of licensing, conduct and disclosure obligations.
Credit unions, mutual banks and building societies are also subject to regulatory obligations under a range of laws, including:
consumer credit law;
the Privacy Act 1988;
the Anti-Money Laundering and Counter-Terrorism Financing Act 2006;
payments system regulation;
the Electronic Funds Transfer Code of Conduct; and
the Mutual Banking Code of Practice.
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We are proposing to start a Australasian Bitcoin Bank/Credit union. The essential thing is to obtain an Authorised Deposit-taking Institutions licence (ADIs). see http://www.apra.gov.au/adi/Pages/default.aspx. The China and Australian Banking debacles, as well as many other instance show that the interface between exchanges, BTC and FIAT is the issue that stands between BTC and the next level of uptake, and advantages BTC brings to the consumer in competition terms. Having a Banking license/ADI is now the next way point in the BTC ecology. A Credit Union is an economical vehicle to achieve this. At this point you can then open a gateway into the Banking system, world wide. It will be part of our constitution that we will not close BTC accounts. It is far more reliable to have a Banking institution with that written into its constitution than rely on policy changes. Accordingly it would take legislative change or revocation of the ADI license. In the Australian context, credit union rarely, if ever close but go on to become Banks over time, usually by acquisition. We may set up in New Zealand or Australia in the first instance depending on tax advice/legal implications. Hence Australasian moniker. There are a few other innovations we have in hand. We reach out to the wider BTC community but particularly the BTC associations, and other interests such as the great Brisbane, Perth. Melbourne, Sydney, New Zealand and other Meetups, CoinJar, Getbitcoin, BitTrade and all other BTC related interests. The latest NAB debacle with CoinJar should hopefully serve as a remider of this need. We understand there was another entity attempting this and had purportedly been to APRA. However their actual goals and plans were easily locatable, and not much has been heard since of them. Please feel free to update ITT |
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Sooo, I read somewhere that the market hates a gap. If I recall BTC has spent some time in every level from 0 to 1200 except 300, so now its 300s $ turn.
could mod bump this to speculation
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coin jar has been fast to buy BTC from and get it out, I have found, and good prices
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this had occurred to me as a distribution mechanism, its sort of what the DAC/BTISHARE of proto shares was proposing for a built in user base.
It could work.
give it a shot.
As long as people don't put their private keys in some sort of software that sends it off and they lose their BTC.
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4 post account newb.
Where has that new purgatory gone, we need to keep them there, to get more signal less noise.
3) order received through spoken word directly; no paper trail
FUD...and who cares any more.....its been the nth time this thread has been run. If people haven't priced this in by now...well then that just bad luck.
It's your choice to believe a 4 posts user or not, but i guess you can't ignore official website of Huobi: http://www.huobi.com/news/index.php?a=show_notice&id=303google translate says: 5 ) asked how to handle the user's subsequent capital management , replied that the funds can be transferred to other commercial banks , but ICBC is definitely not it. so off to other banks in Hong Kong! |
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The first thing do when you use any wallet is you export all private keys and store them, before you use the wallet.
Of course there will be bugs. Its new tech. Control your private key and all is well.
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4 post account newb.
Where has that new purgatory gone, we need to keep them there, to get more signal less noise.
3) order received through spoken word directly; no paper trail
FUD...and who cares any more.....its been the nth time this thread has been run. If people haven't priced this in by now...well then that just bad luck.
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12256610038281312907
I'm a member
No. 336
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I hear the claims of "genius code" in nxt but there are never any examples.
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The guys at peercointalk are currently Wirkung on a raspberry pi image with the New build, so everyone will be able to permanently minting in a very secure environment and very energy effecient
thats great PeerCoin just gets better and better |
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