Nevertheless, I want to know your opinion about this, since it would be pretty cool to have such a system to help spread mass adoption of the cryptocurrency.  No, it wouldn't. Sounds a lot like Revelation, referring to the Anti-Christ's mark. "And he causes all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name" “If any man worship the beast and his image, and receive his mark…the same shall drink of the wine of the wrath of God…” Thanks. I've been waiting for some christian fear monger to post that. |
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Guys I cannot really figure out the difference between those two exchanges. Does anyone have a clue?
It's btce's new interface. There's essentially no difference between the two of them. Xbtce is very buggy right now. I would wait a few months before transferring if you're thinking about doing it. Xbtc only accepts btce codes for deposit currently and btce will not accept xbtce codes for deposit so if you transfer it's a one way trip. |
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I'm a new person involved in bitcointalk forum, I want to make Bitcoin, the method to get Bitcoin on the internet that I have read as:
1. typing to make Bitcoin free capcha => has been very little, your computer vulnerable to viruses invade
2. Investment in the website => almost all are scams
3. gamble => this is a violation of law
Please share with me what do I do to get Bitcoin?
There's a radical new method of getting Bitcoin that hasn't been field tested yet. It's risky but you can try it if you're very brave. Buy some. I've done all my methods but failed, I did not earn Bitcoins and fraud loss was $ 50. How do I get Bitcoin ?, I really care about this, can you help me? I dunno what to do if you can't buy it. I guess your fucked then. |
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I'm a new person involved in bitcointalk forum, I want to make Bitcoin, the method to get Bitcoin on the internet that I have read as:
1. typing to make Bitcoin free capcha => has been very little, your computer vulnerable to viruses invade
2. Investment in the website => almost all are scams
3. gamble => this is a violation of law
Please share with me what do I do to get Bitcoin?
There's a radical new method of getting Bitcoin that hasn't been field tested yet. It's risky but you can try it if you're very brave. Buy some. |
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*image of how stupid religious people are*
Also you might add "yeap/nope god did it" to that since all i can see here that tis the best argument so far and as one guy said god created us, but we need to keep god in our minds to keep him from disappearing. That's right if people stopped keeping god in their minds he would disappear off the planet and the world would be a better place. No more killing in the name of god, no more redirecting intelligence that can be used to cure societal issues, pretty much no more evil because evil is an invention of religions. |
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Here's what I think a Bitcoin is:
There 2,100,000,000,000,000 individual units in Bitcoin or bitpennies. That's 2.1 quadrillion bitpennies. A Bitcoin is a one hundred bitpennies. So there are actually 2,100,000,000,000 (that's 2.1 trillion) bitcoins after all of them are mined into existence. Then you can use standard naming conventions. A dollar equals 100 bitpennies. 100 dollars equals 100 bitcoins. A thousand dollars equals 1,000 bitcoins, and so on.
Let's say there is about 305 million people in a country or 111 million households in that country.
2.1 Trillion bitcoins would equal about $6,888 per person or $18,900 per household.
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I found a picture of BADecker online.  Here he is with some friends at a church function.  |
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Does the Indian exchanges allow others to sell their coins and if so what are the exchanges that still provide these sort of rates.Is it true that we have to fill in our documentation before proceeding.
I am from India, and if you are asking about exchanges and only if you are from India, then yes, you need to follow certain KYC norms and provide your documentation before you move ahead exchanging with them... The rates here are high just because people are converting their "black money" into bitcoins just because of demonetization, and that's the only reason we are getting such rates... But due to this, many international exchanges have now stopped letting Indians buy through their exchanges at current market rates... That's fascinating. What are the black market goods Indian people are interested in that creates so much profit? Is it guns, drugs or some other type of contraband? Are the Indians spending the converted cash on something or are they just holding the btc? How exactly are they buying the coin? You claim that "Know Your Customer" laws apply in India but surly Indian black marketeers aren't stupid enough to launder money by releasing personal information? |
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because they already have them and exchange them for money would be more expensive and harder?
That's true if you assume the only people that spend Bitcoin are the people mining it (and that could be true). You don't feel that anyone buys Bitcoin to spend as currency? Do you think that's because of the difficulty of purchasing Bitcoin or the expensive exchange fees between currencies? |
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Indeed, human population is finite, if I can say so
On the other hand, though, we can't really know how many Bitcoin addresses one user might have, but since the number of users is determined by the number of addresses on the blockchain and this number itself can be considered as conventionally infinite at that (otherwise, someone would have already brute-forced Bitcoin), we should necessarily assume that the number of users is not limited by the population size, simply because there is no mechanism to find out how many addresses belong to how many real users
I read a university study from some grad student that parsed the blockchain. He assumes that single individuals wouldn't send multiple transactions from multiple wallets to be included in the same block. He went on explaining different proofs and the paper seemed pretty reasonable. He claimed about 250 thousand regular users. This pretty well matches another metric, namely, a number of transactions processed daily, i.e. ~250K transactions daily on average for the last couple of months. Though his approach is debatable. For example, if an exchange or a web wallet sends a few bitcoins from multiple wallets in just one transaction to a hundred individuals (individual addresses), should we count each address in this transaction as an individual sending money to his address (wallet)? I think that we should... What was his point on such cases? I just tried to find it again and couldn't and I don't remember if he looked at that scenario. I don't think he's very far off from the truth. A quarter million regular users seems about right. Miners getting routine payments from pools and exchanges moving coin around for day traders is probably the lions share of that activity. It's all just an educated guess though. Personally, I tend to estimate the number of active users around half a million Though this largely depends on what metric we should use to distinguish active users from dormant ones (e.g. long-term Bitcoin holders). I think that if a user is transacting on a daily basis, he should be thought of as being very active. If someone receives his payment for participating in a signature campaign here once a week, he is also an active user. On the other hand, there are a lot of people who are wildly trading Bitcoin on various exchanges, though they might not make a single transaction for months which would end on the blockchain. I guess they should without doubt be considered as active Bitcoin users too Yeah, that's in the zone. Quarter million, half million, somewhere in there is probably right. It seems like a lot of users until you start comparing it with other new online methods of payment and adoption of new technologies. |
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^ya in the early days ~20000BTC was like chump change  *bath salts lol Yep, that was the feeling. It's also the reason so many early bitcoiners ended up losing or spending much of those early mines coins. Those coins were just "bath salts" to them. LOL |
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First, you can use it anywhere in the world, and transactions are irreversible. Since Bitcoin is still yet to be adopted by everyone in the world, it's safe to say that credit card is more accessible but not the best way of transacting. Bitcoin is designed to be the future of transactions the best is yet to come.
True, we're still asking average people addicted to convenience to use a clumsy desktop GUI to use Bitcoin. There have been some advancements in convenience by third party vendors like BitPay and Trezor but there needs to be a lot more standardization among them. If you get a debit card from any bank in the world it will work the same way as every other debit card. Third party vendors need to almost completely remove the need to understand the inner workings of Bitcoin to use it. That is the first step to making Bitcoin a worldwide currency. |
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Indeed, human population is finite, if I can say so
On the other hand, though, we can't really know how many Bitcoin addresses one user might have, but since the number of users is determined by the number of addresses on the blockchain and this number itself can be considered as conventionally infinite at that (otherwise, someone would have already brute-forced Bitcoin), we should necessarily assume that the number of users is not limited by the population size, simply because there is no mechanism to find out how many addresses belong to how many real users
I read a university study from some grad student that parsed the blockchain. He assumes that single individuals wouldn't send multiple transactions from multiple wallets to be included in the same block. He went on explaining different proofs and the paper seemed pretty reasonable. He claimed about 250 thousand regular users. This pretty well matches another metric, namely, a number of transactions processed daily, i.e. ~250K transactions daily on average for the last couple of months. Though his approach is debatable. For example, if an exchange or a web wallet sends a few bitcoins from multiple wallets in just one transaction to a hundred individuals (individual addresses), should we count each address in this transaction as an individual sending money to his address (wallet)? I think that we should... What was his point on such cases? I just tried to find it again and couldn't and I don't remember if he looked at that scenario. I don't think he's very far off from the truth. A quarter million regular users seems about right. Miners getting routine payments from pools and exchanges moving coin around for day traders is probably the lions share of that activity. It's all just an educated guess though. |
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I think at this point everyone must assume any online drug/gun/contraband marketplace has been seized by the government and is recording every transaction. They might not stop small transactions because they're trolling for the big fish but they have a record of everything. If you want to buy drugs today you're just going to need to do it the old fashioned way. Visit a college campus or a high school near you and get to know people. LOL
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There's no way to find to indicate the actual number of people using the Bitcoin. Rapidly changed using the internet and anyone can easily access.
Yeah its not important to indicate actual numbers because there's survey for that users. For me its infinite because numbers of user are getting higher all the time. Popularity of bitcoin open a lot oppurtunity to people worldwide thats why numbers if user are gettting bigger. There's no such thing like "Infinite numbers of user" because human's population is not infinite and will never reach infinite. It's right that you can't get the exact numbers of bitcoin users but there may some method to make a prediction of the actual number of bitcoin users which is near to the real numbers and maybe it will eventually discovered Indeed, human population is finite, if I can say so On the other hand, though, we can't really know how many Bitcoin addresses one user might have, but since the number of users is determined by the number of addresses on the blockchain and this number itself can be considered as conventionally infinite at that (otherwise, someone would have already brute-forced Bitcoin), we should necessarily assume that the number of users is not limited by the population size, simply because there is no mechanism to find out how many addresses belong to how many real users I read a university study from some grad student that parsed the blockchain. He assumes that single individuals wouldn't send multiple transactions from multiple wallets to be included in the same block. He went on explaining different proofs and the paper seemed pretty reasonable. He claimed about 250 thousand regular users. |
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I am pleasantly surprised to see folks not biting at rawdog's top form trolling. Nice work all!
That's incredibly hard to do, isn't it? There should be some sort of award or gold star for surviving his threads. LOL You didn't survive. You took the bait hook, line and sinker. You should get an award for being the easiest guy to troll. It's ok though because I know you love me and that makes me feel pretty. |
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Buying drugs with the bitcoin is for sure possible without any doubts, you can do it easily on the deepweb with the bitcoin these days.
I seriously doubt that after the fall of the original Silk Road, Silk Road 2, Black Market Reloaded and Sheep Marketplace, to name a few. Today, I think it's safe to assume that if you give an address to an online drug dealer you may as well just write a letter to the FBI that says, "can I haz some drugs pleazz". LOL |
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