Like I said, the more the merrier, and the healthier the wider ecosystem of exchanges. With more competition, exchanges will be forced to improve and outdo each other, and the Bitcoin user will be the one to benefit. Good that you'll move away from manual approval, though I can understand the need to do that for fair distribution (interesting airdrop concept, by the way).

Scaling on hardware/network is not really the problem. The human aspect, particularly customer support, is the scaling that none of the largest exchangers have ever tackled well. From Coinbase to Poloniex, they can easily upgrade servers but they have never been able to keep up with human aspects of customer support. So your distributed plans would bring Graviex closer to that of a dex, but you still need to think of tech support.

30 points here for 3 correct outcomes. I had Liverpool down at 3-0 as usual so at 2-1 I already lost 30 points. I got the first game at 1-1 so thought 10 points was a good start. I even had three 1-0 predictions, all home victories for Newcastle, Southampton and Swansea. As it turned out, they all ended up as 0-1 losses. Funny yeah?

Also going for slim wins for the underdogs today, but well done to Supremo for hitting 100+points, see how things swing around so quickly?

I would be curious to know what they really mean by needing new infrastructure for Bitcoin users. All they need is Internet... which they generally have access to. In fact, all the current firewalls the Iranian government has put up have so far avoided treading into Bitcoin territory (ie node blocking, explorer access) so I wonder if there's something else meant that's lost in translation. Even Localbitcoins has a very decent market of traders doing daily business, so it's pretty clear that there's already demand and trade is facilitated well by their banks.


Really, now?

Hey, that's a pretty nice video; I've seen aspects of it especially on the origins of money, but perhaps this is a much more relevant take in relation to Bitcoin.

Re: 2027, that's probably just a rough estimate of 10 years from now. But surely after 2017, mass adoption is well and truly on its way? Think about it... if a third of the world is still unbanked, that means that the widest possible adoption of any existing form of currency is only about 66%. Bitcoin mass adoption - has that ever been really benchmarked? We know from the latest Cambridge research in mid-2017 that there are about 20+ million individual Bitcoin users based on unique-type wallet addresses, and if we accept the findings that that number will triple this year, that's for the first time ever a number approaching 1% of global population.

I think mass use is already here. Mass adoption, next year or sooner than we all think.

Hello aloha, I decided to reply here because I took a look at your history and it seems:

1. I think this is the second or third time you've asked about investing. Each time, you've got the majority telling you yes. And I'm inclined to agree. It is always yes, even though I believe the price is due for a long correction that will take months to recover. Because Bitcoin is a long play. I am happier to get Bitcoin at every dip (I earn and try to get paid in dips) but I never refuse it. Any time before 2020 and beyond is a good time.

2. I've also noticed you posting for airdrops, and asking for jobs in web design. You look quite earnest. I strongly encourage you to start attempting freelancing in your field (web design) and work for Bitcoins. Then you never have to worry at what price you're buying them. Don't waste time with those airdrops, just work to improve your skills and market them here (properly).

Buy the Bitcoin. Keep your head down. Thank us all later

Guess we should say welcome to the latest exchange to hit our screens. For me, as long as Bitcoin is the number 1 choice market on your platform, you already got things going for you.

I'm in favour of as many exchanges as possible, although my extreme preference would be for DEXs. Graviex: don't you think the time for centralised exchanges are coming to an end? For example, you now have to manually approve all accounts. 150, for now, you say, but if you really take off the way you wish, do you really have time to manually approve thousands of accounts daily?

One comment, it's fine you want to use this method of promoting your coin - it's actually a lot better than airdrops. You get two birds with one stone, someone who wants to use your product and signs up for it, and someone who's likely going to immediately use in on the exchange. That's probably going to ensure wider and faster distribution. So you essentially create a market when there is none. But beyond that, and in relation to my first comment, are you prepared for new users? I've seen so many exchanges just get crippled under the weight of a growing userbase.

For those who aren't aware, Localbitcoins has implemented this policy, levying a deposit fee since July or August as I recall. And the amount is not fixed, it rises as the network becomes more congested. I have already paid well over 100,000 satoshi on incoming deposits in the past, but the last time I used it this week, this was around 39,000. So it isn't an increase from 40k to 96k, the current rate is just reflective of the network.

My criticisms:
1. No other service charges a deposit fee. We already pay tx fees and you are punishing users for using the service. Sellers like myself are the ones who bear these high fees. So LBC charges twice: on deposits and withdrawals.
2. The adjustments are lagging behind the network. When it becomes congested fees rise, but they don't seem to come down much or quickly when the network clears.

All the same, I understand the reasons. They want to discourage people making multiple dust deposits, which lead to many inputs for them and higher cost of sending BTC out. But they can easily fix this by setting a higher minimum deposit.

Not good news, but I still like the service, so I can "accept" this.

Indeed, these are the two outcomes I am really hoping for, and have put my bets with them for slim wins - the league is approaching the end of the first third and it is in dire need of some shaking up otherwise we end up with a boring season with yawn fests in mid season. As much as I think it'll be historic if Man City repeat the feat of Arsenal's Invincibles, but that'll be poor entertainment for the rest of us.

But football has a habit of throwing up surprises, so my money's on a defeat for the current league leaders and a big bunching together at the top of the table by Monday. Either case, I am hoping we get a very Super Sunday tomorrow. No boring draws please!

Week 11's first game kicks off in about three hours, guys, so don't forget to enter your prediction. I see two games that could potentially swing the scores around to the savvy predictor, but we have to wait til tomorrow for them:

1. Chelsea/Man Utd - I'm going for a slim Chelsea win here. I have a feeling Mourinho and co will do exactly as expected and defend in packs away from home. But there's enough blue quality for a goal.
2. Man City/Arsenal - I'm going to go for an underdog win here. Arsenal no longer inspire fear but they'll be desperate to win this and there's bound to be a blip for the Sky Blues, maybe it happens tomorrow!

Don't know if there's ever such a thing as needing a crash when it comes to Bitcoin. This crypto market continues to shrug off every known convention and technical analysis. The last time I remember a sustained correction was when it came back down to from 2000, and then some weeks below 4,000. Ever since then, though, it's just been on a hot tin roof. Every alt holder must really be hoping for some let off by now, but I'm done making any solid predictions. Just going to wait at least til December when the effects of Segwit2x will be more apparent.

There's hardly any more dips beyond the reach of day traders even to buy into now! Hold on to your seats, gentlemen and ladies.

What? No more free money? But, sir, won't I be able to just dump all my Segwit2x altcoins on an exchange, selling them for bitcoins and essentially boost my Bitcoins by a small percentage? People will be lining up to get mine, won't they?

Jokes aside, I think the forks need to be taken seriously. Indeed, they should never have been about free money, although the methods and experience of two forks in three months have given me more than 10% near instant increase on Bitcoins.

If we look past the baseness of "free money", of course a serious fork intends to keep legacy users, encouraging and convincing them that their new software, their new vision, is the better one. That Bitcoin Cash  and, some argue, Bitcoin Gold, merely used ideology to mask (poorly) their obvious ploy at instant profits, we can't pretend that Segwit2x is no better.

The Chinese miners at least have the straightness to come out and say it. The main advocates of Segwit2x keep talking about price and dollars. So why do we think they're sincerely in this for the betterment of Bitcoin? I'm not saying it's an outright truth. Just keeping things in perspective. And these forkers have always had the perspective of profit.

Some fair and valid points. Several years back, an experiment by MIT transferred $100 worth of Bitcoins to students in its particular year. More than half immediately cashed out, and only a handful had kept the coins, learnt more about it and used it, at the end of the experiment. Bear in mind that these were highly technically-gifted millennials with above average knowledge of computers and internet technology. It was evidence that Bitcoin - as intended use as a P2P digital currency - was still difficult to learn and adopt for every day use.

On the other hand, you can earn (or buy) and spend Bitcoin as easily as any other currency or payment provider online without having to learn deeper aspects of Bitcoin tech or its network. For the average user, perhaps web wallets are simplest, and you even have apps now that instantly convert your fiat to crypto and back to fiat whenever you want.

Myself, I've moved to my own private wallet, I've learnt how to spend exactly as I want, adjusting fees and dipping into the network when it's efficient, but perhaps it isn't urgently necessary for the vast majority of people.

P.S. There are already recommended wallets, merchants, and exchanges across multiple sites telling people how to buy and sell Bitcoin and use simple wallets.

Perhaps if Bitcoin had come a decade earlier, or I'd been involved then, I would have given advice to people, close friends anyway. But I'm a bit older, a little wiser (I hope) and I've come to learn that you should never encourage anyone to invest in anything. I still tell people about Bitcoin, but only if it comes up in conversation and there's interest.

I don't push it, I tell them what I know about it and why it's important for them to be aware of it. I did this even in 2013/14, long before I owned any of my own Bitcoin. The personal wariness came from my previous bad experience with digital currencies. I thought then that Bitcoin was special, but I'd been burnt before by new tech. Even today, with all that I have and earn, I would never go all in, and never advise anyone to.

Crikey, ciccio. Except for your Lazio-Nice game, I'd definitely have had taken up the AC Milan and Arsenal bets as a parlay padding, but I'm more and more reluctant to bet on Champions League/Europa given the results of the last few weeks. Just goes to show statistics can only mean so much when it comes to football. Even if you'd taken those three as even straight bets, you'd be out more than 50%.

I'm now about to try out a rough "Martingale" strategy based on stats, something like what you're already doing but doubling up on losses - and on straight bets only. So for example, if Arsenal has won 8 of 9, they lost now. But I'd bet 4x more on their next game, at the same odds. Incredibly risky unless I find a bookie that takes small min wagers though!

Ah there you go, first transaction is confirmed and Potato Chips has kindly queued the second for confirmation. Your immediate problem should be solved, I think we can trust you won't repeat this.

Also, I'd recommend to switch over to Electrum.org , follow the advice given to import private keys. Speaking from own experience, Electrum's ease of use is perfect for non-technical users (like myself) especially if you plan on consolidating small inputs like it seems you tried to do. It's got a great new version out too (3.0) which I just downloaded today. Includest native (opt-in) support too!

That's the most painfully obvious, isn't it? And there's really nothing wrong with that either. It's become an industry in its own right, and believe me, most miners share the same sentiment. If they take a side, it's only because they believe that brings the most profit. And while the opinions reflected in this article might seem refreshing to OP and others, it comes as no surprise. BTCtop and the big guys came into this business, stayed and expanded on simple instinct of economics. Chinese businesspeople may be more open about it, but I doubt non-Chinese corporate miners think differently.

Cypherpunks and libertarians by definition would never enter the hashpower game. And you know what? I think this varied spectrum of people across the board, somehow involved and shaping Bitcoin in their own image, is not only inevitable, it's good. The world can't adopt Bitcoin without bearing an imprint of extra-ideological motivations.

Hello Joel,

All right, you've had all the lectures on fees so I won't do that (breathe deeply ). I've accelerated your first transaction, so we'll need to wait for a few hours for that to confirm before we can work on your second TX. You're right, they're very small amounts and have zero fees (well, 2nd one is 1 sat/byte, effectively miners will see it as zero).

My advice:
1. Don't ever spend inputs that haven't been confirmed, or are reliant on spends that are unlikely to confirm.
2. If the purpose of these txs were to consolidate your inputs, try to hold off until you have many and until the network is relatively free. I also consolidate dust inputs, sacrificing perhaps a 10-20 satoshi/byte fee when mempool is almost free. That way, you get away with paying low fees to lean up your inputs.

I'll check back and accelerate the 2nd tx in a few hours.

And no, your bitcoins aren't lost forever. Had you persisted in broadcasting them, I'm very sure they'd eventually confirm (obviously when there are so few txs in the network that miners just pick whatever's left).

We need one more game, I'd say, before we can confirm this, but yeah I think Liverpool can get another win at home, and Chelsea can shrug off their 0-3 defeat to make good. 5 English clubs will definitely be a first, I think there were as many as four a few years back when Liverpool were also in it?

People tend to drift towards a country's style when we see seasons where 4 Spanish teams and 4 Italian teams in the knockout stages, but with such varied teams and managers for EPL's CL contenders, I guess we won't see anyone touting the English game after this.

If Spurs can continue their style, and City don't run out of goals, they're definitely favourites to progress to finals, for me. I guess it will partially depend on how the pairings show up. Would be pretty bad luck for entertainment factor if they get matched up with each other so quickly though!

I won't mind Liverpool scraping through Groups, meeting (and defeating) a German or Spanish giant in last 16. So exciting!

It's really hard to determine exactly what happened here, but if you really can confirm that your funds were spent from your Electrum wallet, then at face value, your private keys were compromised, wallet accessed, and funds sent out.

1. Is your Electrum fully synced (Large green button on bottom right screen), and balance shown in bottom left corner is zero? Then your wallet is indeed empty.
2. Can you see the transaction listed in your wallet? If you click on it to view the transaction on block explorer, do you recognise any of the addresses associated with the tx?
3. If you can share the tx ID here, we can help determine some things, but likely not recover the funds, if (1) is confirmed.
4. Does anyone else besides yourself have your Electrum seed and/or encryption pass?

If (1) is confirmed, and you answered no to (4), then someone somehow stole your seed and/or pass. The best thing to do right now is perform a full scan of your device. Ensure it is clean and safe before creating a new wallet and/or changing your password.

I'm going to go with in between your estimates, so a slow retrace back towards 4,500 after Segwit2x fork, settling down for a fresh attempt to break $5000 after Christmas. It's incredibly difficult to predict anything with Bitcoin now. One one hand you've got big players happy to take profit every ATH, confident that even a day's dip will give them opportunities for re buys at 5-10% profits easily. On the other you've got a non-stop influx of new people, many of whom are big bankers and middle-class suits with deep pockets, so buying demand will keep raising prices.

Then you've got our highly contentious Segwit2x fork, which I suspect will be a lot bigger, with weightier reactions than we experienced with BCH ad BCG. Efforts from substantial camps to force customers to recognise the forkalt as actual Bitcoin might work, too, you never know.