Nope, but PoW isn't as well... right now is the best we got, but clearly is not ideal. Even people like Gavin are saying it's a waste, and we should eventually find a superior way to deal with all of this.
why worry about it, can always be changed in the future, i mean hard fork aren't that scary, we are approching one for the block size, we will make other to improve the overall bitcoin world maybe the better alternative isn't out yet, pos ins't exactly the answer and it is also an old protocol like pow |
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I think difficulty will double at least 7 times in the next 5 years. The numbers and rationale for this prediction can be found here: https://bitcointalk.org/index.php?topic=1053412.msg11324501#msg11324501We won't see the introduction of mining equipment orders of magnitude more powerful than at present, we will see the introduction of many many orders of magnitude greater numbers of low power devices in the 200ghs range, most likely by or in association with a public utility. this mean also that the price will double 7 times(actually more because of the incoming halving) in 5 years, it seems too optimistic to me |
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didn't you find nothing in the market section? there are plenty of seller which are selling basically everything there
also i think that 1 btc for a controller is too much, you can find something cheaper
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if for you is comforting , I can tell you that the last halving has seen a rise in price, but the history does not necessarily reflect the future, it is just an indicator
nonetheless i'm confident that the halving will bring a rise
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Banks are a useless invention. There is no reason to exist anymore. Politicians can do better job and the most important: Politicians are elected.
The fundamental job of a bank is to give credit. Politicians can't do that. Why would you think banks don't have a reason to exist anymore? Why i need a bank to give credit? Are you joking? I don't know about Your situation but there are many people that need or want to get credit (for investment, for buying a house or for emergency situations). Also there are many companies that need to use credit in order to do needed investment, some people get credit to start there own company. How else are you going to get needed money if you don't have banks? they could start to deploy automatic atm everywhere instead of those big construction called banks, where there are insiders doing useless job, that could be replaced easily by a machine we don't need banks or any other human holding our money yet Lol and from where those atms would get the money? Banks are needed as an institution and no matter is it on line banking, department or any other form of managing money, banks are needed. it's all electronic now money don't exist, there is just a guy writing a number behind a screen and that appear on your bank account display, in fact you do not own anything money would come in the same way they come when you withdraws from any atm And how would that work? Banks are working on virtual money and that's the issue with banks today. So the solution is that banks should have gold or physical money to back up the virtual ones (which today isn't always the case). But liquidating banks right now or replacing them with government money is unacceptable, because country's budget cannot be used for landing but for investments, scientific development, education, military etc. that's the whole problem of today economy and inflation, the money are not backed up by anything it is just a rally of stamping more pennies, and there is no solution apparently we could have a better system were salary are fixed and pre-build for everyone, and like i said before, an automatic atm that give you money based on your job The money must be printed by the Ministry of Finance. Do you agree?
Everything should be replaced by Bitcoin, so there is no actual printing needed to be done. Needing to print money on demand = faulty design from the start. How are you going to replace all things with bitcoin? If you did that how are you going to buy bitcoin? And how are you going to invest in it? With disaperance this bitcoin gone you can't do things with only just bitcoin. There is no standard price for bitcoin in the same way that you are going to buy usd(and you know that you are not actually buying usd but its stock), bitcoin stock could be your answer |
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I'm pretty sure someone already controls the price
it is more than one person, and the longer the market will fall the more people will be able to control it... so reaching 1k is about manipulation at this point, other than big demand, because at 1k the market cap is still too low to be free from being maneuvered |
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it was on december 30 of 2008 if i'm correct, you are insinuating that if something like this could happen again(by math this year) it will force people to invest in bitcoin to not lose money in the crash
well everything it could be at this point, we are near the final capitulation, something will happen for sure in the upcoming months
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i don't need to protect it for now(i'm playing with tiny amount), but i'm planning to do it when the amount i'll move will become bigger
i'm also waiting for some better anonimity feature for bitcoin, then using a simply mixer
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So, if all those disadvantages of the local currency exist why isn't Bitcoin making any remarkable progress in such countries like Argentinia? I've said it many times. Not London, nor Scandinavia. Argentina's very promising for BTC. Just like every country where the government, and local currency, aren't trustworthy.
Argentina s currency is strong now. The current strength of the currency does not matter. It is not freely convertible and its banks are mandated to exchange foreign currency at rates fixed by the government. Argentina is fertile ground for Bitcoin to grow and succeed. they simply don't have enough funds to invest, and because of this they can't raise a good infrastructure for bitcoin |
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If Amazon accpet Bitcoin, that would give Bitcoin a huge advantage. Currently, we can only exchange Bitcoin for Amazon Giftcard through third party like Gyft.
It would be really awesome if amazon will start to accept bitcoin as method of payment, and why not also ebay (we are still waiting  ). However I do not think bitcoin will go mainstream, because we are not ready for it.... I remember when my friend said : ebay is coming, and it will be decentralized, it's called open bazar, i hope it bring some new fresh air to bitcoin, and boost the price amazon instead is really needed as they have a huge volume, even bigger than ebay, they could rise adoption to a whole new level |
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how they can fuel it if they have no money even for surviving practically...
no the new really of btc will not happen because some country is bankrupted
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So you mean that dont give them any information so that they didn't know you and you won't pay taxes in future? but how we will do that if all of bitcoin exchanger have your information, because you wont get your money if you dont show any valid ID and you information is must.
You get bitcoins by selling goods / services. You use bitcoins to buy goods/services. Once Bitcoin becomes prevalent, you won't need to go to exchanges to buy/sell bitcoins. You don't have to really share any information.  they can still track you if you buy something too costly, they will check their citizens regularly, if they see that you was poor and then suddenly become well-off, an investigation will take place it's not that easy as you think, but i could agree that someone can escape and as a result don't pay taxes, there is some luck involved |
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Whether it goes higher or not, but we are definitely not going down below $200 which beartrolls were barking all the time, and that's making every Bull feel proud considering the current situation.
We are in another deadcat bounce and not yet at the bottom for Bitcoin. We are going below $150 (within several months) before we go to $1000 again some years later. And I am not a Bitcoin bear. why everyone think that we must go to sub 200 first, before going to skyrocket, there is no reason for whale/miners to dump to that value, i think they are dumping small stash now, and let the price recovers everytime, after a dump, this is why you see those small swings |
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as far as i know you can use everything for your passphrase, i think you just don't remember some characters
i don't remember now but there is no limit(the imput can be wrong indefinitely), so you can try if those characters work or not
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Banks are a useless invention. There is no reason to exist anymore. Politicians can do better job and the most important: Politicians are elected.
The fundamental job of a bank is to give credit. Politicians can't do that. Why would you think banks don't have a reason to exist anymore? Why i need a bank to give credit? Are you joking? I don't know about Your situation but there are many people that need or want to get credit (for investment, for buying a house or for emergency situations). Also there are many companies that need to use credit in order to do needed investment, some people get credit to start there own company. How else are you going to get needed money if you don't have banks? they could start to deploy automatic atm everywhere instead of those big construction called banks, where there are insiders doing useless job, that could be replaced easily by a machine we don't need banks or any other human holding our money yet Lol and from where those atms would get the money? Banks are needed as an institution and no matter is it on line banking, department or any other form of managing money, banks are needed. it's all electronic now money don't exist, there is just a guy writing a number behind a screen and that appear on your bank account display, in fact you do not own anything money would come in the same way they come when you withdraws from any atm |
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I Simply Don't Agree.
Ask the people from Developing Countries. The reply would be What the hell is this?? There are many regions where they do not have access to internet many doesn't know what the smart phone is?? How can you expect that they are aware of bitcoins?? Still long way to go.
those must be the minority, because i know that even africa are aware of bitcoin, how could any others industrialized country did not know about it? sry but it sounds like bullshit My country is way better than most country in africa but it doesnt mean that the whole people of my country know bitcoin. Like 20 % of the population in my country knows it and that conclude the means that people from developing countries doesnt know it. Things will change for sure but it will be still years later and how do you know that, did you ask to all of them if they know or no about bitcoin? you guy are talking a bit random here, there is no proof that they don't know about bitcoin, you can only say that your acquaintances may not know about it at best i still think that those who don't know about bitcoin are only a tiny percentage(in each country)... we have internet nowadays, the info are spread very fast, it is almost impossible to not know about something like bitcoin |
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it is impossible for it, for the price of $1000 the second time just very heavy. but if it happens of course my life will change 360 degrees and will do anything to please all those who are near me You mind telling us why your life would change so drastically when Bitcoin reaches $1000? Not because you own a huge load of coins right? Otherwise you wouldn't be participating in a sig campaign. well you could hold 100 btc and still have the needs to join a sig campaign to increase your stash, or maybe he is near his goal amount(for example he want to reach 50 coin and he have 43 or something) and he need the sig to earn the rest with those amount if btc reach 1k again, you could change your life in soem coutnries |
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Average guy: 1% of his portfolio
IT guy: 5%
IT and finance aware guy: 10-20%
Bitcoiners: At least 50%
Gamblers: 100%
Right now Average Guy: What is Bitcoin? If you are planning to hold it till retirement (assuming you are not knocking on the doorsteps of retirement), then 1% is a sizable amount, considering the riskiness of Bitcoin. 1% ,that is too small. What else you would hold greek bonds or financial stocks? Those are 1000x more risky at the moment than bitcoin. The 30 year bullish bond markets will collapse soon, and then people will regret why they didnt bought bitcoin instead. i think that too, i would say 5% for average guy, they know about bitcoin, they are just to afraid to invest and i would rise to 10% for IT guy, the rest are about ok |
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Check your electricity price, if it's too high give up or find a way to produce your own electricity (which would be maybe too expensive invest). I already thought in starting BTC mining, but my electricity price is too high for it  if you can find a way to produce electricity than it would be better to sell it instead of mining, you would earn more, especially if you sell it abroad Or you might be better off buying cheap electricity and following it. The big companies are able to follow the cheap electricity. Think of the overhead of most electricity plants that produce in big quantity. Your talking about entering a entire different business. Where are you getting this data from? i know some people(in my local section) that produce energy directly and they were looking for mining, but they also said that it would be better to sell their power instead of using it, profit is guaranteed and it would come much faster in comparison with mining |
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