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I wouldn't dare to predict what would happen in next 50 years. High chances I wouldn't be around by then to even see whether prediction will become a reality or otherwise. Fact is bitcoin is so dynamic... it's crazy to even think what are the changes in just a 10 years time span. On your questions, yeah the codes can be edited, it's open source anyway but the community has to agree to adopt it for the changes to be effective. And no, no way, I would like to see central authority.
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Though I haven't done it myself, just to be safe, you can always export your private keys into other Bitcoin clients. The function is available in the program main menu.
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I thought of the same question earlier and No way I'm going to do that. Although a person might argue that both are two different programs but you will never know what is going to happen.
I would sacrifice convenience for the sake of security. For me, I really don't mind trying to remember another set of 12 seed words
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So how does this work for Facebook?
I just sent a tip to my sister via Facebook for her birthday.
I check her wall and it doesn't show anything, on my ChangeTip page it shows "Out for delivery". Is it supposed to show up on the person's wall?
It will show up something like this http://media.coindesk.com/2015/01/changetipfacebook1-630x383.jpgOn her changetip account, the btc amount would show up there as well. Nowadays fund transfer happen almost instantaneously. |
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But now, with looming legitimization (regulation), US exchanges and the possibility that sovereign defaults are at least on the medium term radar, what are the odds that btc will be seen as a 'safe', alternate asset class and benefit from the resulting inflow?
I try not to connect the strengthening of the dollar that has caused the outflow of fund from btc. Instead I look at the positive side that is the supporting fundamentals that exists in bitcoin ecosystem itself, the concept, the technology that will continue to create demand and support the price. Yeah, you can dump and sell but as long as the fundamentals are there, it is just too attractive and who would pass up the chance to grab bitcoin at such cheap price. |
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People needs to start looking at bitcoin as long term commitment. As we interpret all the news coverage, it should be noted that all these points to people having more trust in the system, else the hype would just die down. I hope more of these will continue to support bitcoin price.
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That is the beauty of btc as it is full of surprises. Whether it is the price or exchangers, it will have you looking in disbelief in things that you least expect to happen
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It's a very common scenario and happens all the time even in fx currency trading especially when you have major news event. People are saying it's due to the heavy server load but whatever it is, its up to you to define.
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When it says regulated and licensed, I hope there is certain control put in place like for example, an audit taking place where they have to allow external accounts auditor to perform a check. For me that is fine and with that, hope to see all the other exchangers follow the same as well.
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It's indeed too volatile. Look at the speed it goes up and after it reached 300 the price the way it retraced back was also equally fast.
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I hope some students are going to come up with some ideas for improvement that we have never thought of until today. Assignments are a great way to get the heads cracking.
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You are too concerned about the price. Look forward and remember that bitcoin is not for short term investment.
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I'm not. Still holding on to my stash monitoring the price and trying to guess what would be the next move. Been reading a lot of news related to btc lately. There are things I could still do like trading btc against other crypto with complete disregard of the usd price movement but I guess I'm more interested in the price for now.
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Might be an idea to have a schedule of donation suggestions on a daily basis. If enough people follow it, it would draw media attention and possibly raise some money for a few good causes. Like on veterans day, we could donate a few bits to a vets support fb page (hope there is an official one!).
Also, it would spread the word quicker because (presumably) people would be paying attention to 'veterans day pages' on vets day, and if they see people donating via changetip en masse they will want to join in.
Theres almost something on everyday, so there's no limit on targets. Just check Google home page too!
Theres a list of 'on this day in history' entries on this site: http://www.history.com/this-day-in-historytomorrow is Nat Geo's birthday (Jan 27, 1888 National Geographic Society founded) - so, to expand on my idea, tomorrow we could send a small tip each to National Geographic magazine: https://www.facebook.com/natgeowould be interesting to see if it gains momentum and if the media pick it up, would certainly give BTC users a positive spin for once... the next day is the anniversary of challenger exploding, we could mass tip NASA: https://www.facebook.com/NASAJan 29, 1936 U.S. Baseball Hall of Fame elects first members https://www.facebook.com/baseballhallJan 30, 1948 Gandhi assassinated https://www.facebook.com/pages/Gandhi-Peace-Foundation/585948858204481Jan 31, 1950 Truman announces development of H-bomb https://www.facebook.com/pages/Nuclear-Age-Peace-Foundation/108290839199798Feb 01, 1884 Oxford Dictionary debuts https://www.facebook.com/OxfordDictionariesetc etc thats a pretty good idea, ill follow it, ppl always read the comments on facebook im sure they will ask them selfs, what is this tip thing all about. pretty much all the fb pages listed above are high traffic pages so is a great targeting strategy. I would avoid tipping on certain events if you get what i mean. Birthday of Nat Geo might be okay. It lifts up the mood and tipping is supposed to send a message of celebration. Not to sound too negative but some people might view it differently instead. For now my tip is only for friends i know. |
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Do you need to be an actual whale to join the whaleclub?
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Finally....time for bitcoin to see real action. I'm interested to see the amount traded on the first day.
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I don't think that is going to be any issue for many more years to come. Don't forget we still have about 7 millions coins yet to be mined and by then people would be super cautious on their holdings because it's getting rare and rare as more coins get lost.
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I bought when the price crashed to 280 and then decided to buy another round with the same amount at 200. After seeing the price dropped further down, my only thought at that time was to sell at 240 to make things even. However when it touched 240 exactly 24 hours ago, i changed my mind and decided to hold. I was lucky i made that decision and I'm convinced this is just the start of the big rally. I hope I'm right and you are right to trust your gut feelings as well.
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I don't believe it's a case of pump and dump. The price definitely rallies based on the coinbase announcement.
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You guys are driving me crazy on the numbers. It's kind of misleading. Theoretically I can only see about 58% return of investment.
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