I don't think anybody knows what caused the crash. Bitcoin's value seems to have a mind of its own most of the time but I think there were several theories on what caused the crash. The biggest one was the mt gox fiasco.
it's obvious that the crash was caused by willy bot, after he pumped the price to the sky, he wanted to make profit of it, he did it, by sucking who joined the wave of his pump |
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Some newbie accounts want more posts, it's easy to post "it's dead" and gain more
Yeah, all these FUDsters get tons of replies easier, which leands to quoting and replying even more. They probably want to sell those accounts later on when BTC is sky high. you got it, there is a farming-fest for account creation, expect a massive selling of many accounts at the end of this year a thing like this could potentially dump the market if it is done in others forum as well, although it won't kill bitcoin... |
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i guess it is because of the extranonce that the miners add to the coinbase transaction, but i'm not entirely sure about this
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Whether the government can kill bitcoin depends on how much money and debt the "mainstream" system pumps out.
If it pumps out too much and causes high inflation, bitcoin will move into mainstream transactions and become a store of value.
The currently most likely scenario is that it pumps out enough to cause long term but slow inflation, or even disinflation in the near term. In this scenario it's hard to see bitcoin being used by mainstream transactions, though bitcoin may still retain its store of value status. The reason is that there's no real reason for anyone to get out of fiat currencies, especially if governments add any regulatory headaches to the process. Payments over the internet are pretty well developed already. Anyone who doesn't trust fiat currencies can still use them for transactions but put a portion of their savings into bitcoin.
bitcoin cannot be killed as long as even one node is operative and two people are using it/exchanging it for goods the reason is the anonimity, while bitcoin isn't 100%anon, nevertheless offers a better anonimity than fiat, and is more practical to spend bitcoin, instead than processing money with sepa/wire transfer i find it even easier to use compared to credit/debit cards(there is no cvv to imput or all those useless numbers) |
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you want to create a donation button using one of the address provided by your wallet?
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so if i'll deposit there my bitcoin, could i earn interests on my deposit like a regular bank? and i expect also that they will cover me from possible loss/stealing, when dealing with merchants
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I think it hampers adoption...no government is going to be cool with a currency where 1 person holds 21%
again it's not 21%, he is holding at best 2M, since when 2M is 21% of 21M? it's not even 10% let alone 21...learn to do math first anyway i do believe that satoshi's coins should be distributed among 1-2M people, 1 btc each, better if those people are not holding any btc(but it would be hard to prove...) |
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I don't have issues with Bitcoin Core. It offers high levels of security, privacy, and stability. I does not matter for me that it has fewer features and it takes a lot of space and memory. I like it.
same for me, i'm loving it since i used it for the first time, all those others fancy wallet, did not cut it for me, i like simple and fast things... downloading the whole chain is entertaining to watch if you can do it fast enough |
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are cosmetic and clothes shops accepting bitcoin yet? if not, then you have your answer, those business industry should accept it
we know that woman are interesting to those thing only, besides sex maybe...oh yeah sexyshop should accept bitcoin too
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Blocks are not required to have any transactions in them.
i'm curious about this aspect... but the number of transactions per block is based on what? it's random? |
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bitcoin network need to rise the limit of the transaction MB(block size), to the 20mb proposed by the dev, otherwise adoption will be limited , we still need many soft/hard fork before bitcoin will see its true potential
small merchants still need to adapt to this new tech, they will do it, when they will see that big merchants begin to use it more often...right now one problem with big merchants is that they still offer fiat and paypal as method of payment, this does not encourage people to use bitcoin of course, they need to add some bonus or advantage to whom who will use bitcoin, otherwise the adoption will stuck there, with bitcoin remaining only like an alternative...
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Future citizens will be divided into two categories:
- Those who fully understand how modern money creation works, they use bitcoin
- Those who don't, they use fiat money
Currently the number of the people in the first category is about 1 in a million, hopefully with the help of internet it will increase by 4 times per year
if this is true, or if it proves as the truth, then we would need a new generation of people, because right now the majority don't know about the first point we should educate those people about how fraudolent the banks really are Future citizens will be divided into two categories:
- Those who fully understand how modern money creation works, they use bitcoin
- Those who don't, they use fiat money
Currently the number of the people in the first category is about 1 in a million, hopefully with the help of internet it will increase by 4 times per year
The thing is, most people won't know how the creation of money works, even today most people don't know that. And if the majority doesn't know how it works, the people who do, can't actually profit from their knowledge because the technology they use remains irrelevant. make it simple, tells to them that banks are evil... spread the truth, it's after all what banks are doing about bitcoin, spreading fud to kill it, we should do the same with banks |
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nothing new, the whole internet itself isn't anonymous, facebook google chrome, youtube, they are olding data, they just need your ip, to know who you are with a small research...and bitcoin isn't changing this too much, until they will implement a truly anon protocol at least...monero is on the right track for example
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I love games and I ever tried some of bitcoin games, but I didn't really like it because it's just common.. i love video games, you could start to create some competitive indie games, that integrate price in bitcoin
like a "dig game" for example, or some puzzles games, but i actually prefer some more complex games, if you are good enough to make these
I already had enough with puzzle game, especially with "dig game" but I agree on complex games, like mmorpg? or rpg? you are right, i did put them in my post only because i know many people love simple game like those, but i prefer complex game like cs:go/starcraft not really a fun of all those moba rtt like dota 2 or lol, rpg instea are welcome, but they should be on the line of unepic or other indie game i also like rouge games like nuclear throne |
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You don't have to use Kraken. There are three options. listed at http://www.mtgox.com/img/pdf/201504_faq_en.pdf, which is operated by the bankruptcy trustee. 1. Use the bankruptcy trustee's online system. 2. File on paper with the Tokyo court, in Japanese. 3. Use the Kraken system. Option 1 is probably the best. You get paid in yen. Debts denominated in Bitcoins will be converted to yen at the price of Bitcoin the day before the bankruptcy was filed, 1 Bitcoin = $483 = 50,058.12 yen. That's the way bankruptcy works. Everything gets liquidated down to the local currency and creditors are paid from that. You don't want to be paid in Bitcoin anyway, since the price has crashed since the bankruptcy and is way below $483 now. So i lost 30 bitcoins in gox, if i claim via kraken i'll get approx 6 bitcoins - 20% If i claim via option 1 i will get 6 x $483 but in yen? i dont understand how 1 way can pay me twice as much? As I understand it, they will refund in Bitcoin, if that is possible and allowed. If they can't refund in bitcoin for legal reasons, then they will refund in cash. They have given BTC a cash value from a certain time point, but there is still only so much money to go around. I would guess that we would either receive 25% back in bitcoin, or 12.5% in cash (assuming the value of Bitcoin stays where it is now) 25% back in bitcoin, with a value of 483 is like 50% in bitcoin with the current value, not bad i guess, or i'm missing something and the % is referring to the value in cash? |
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the higher the fee the more chance you have, there is no guarantee, but if you put a fee so high that no one else will use then will probably be processed before any other transaction
so i can create a game where they have to hit the proper block to win? how much do you think is the chance that they will hit the target block? like they put a bet for a particular block then when their bet makes it on that block the win X percent. what do you think is the fair winnings then? just raise the fee as much as possible, if are really in hurry to send your transaction, for example the hacker that stole the big amount from bitstamp, decided to put 1 btc as a fee, to increase the speed by a lot, apparently with such amount the first confirmation is basically instantaneous |
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I'm quite okay with a stable price. The 1000$ one was fake and determined too many illusions with no basis. But now with a steady grow maybe one day we'll see again a real 1000$ evaluation. Let's prepare popcorn...  next time we will see 1k again, it won't be a fake pump for sure, or at least we hope so, we need to consolidate it as a new high floor, and continue from there it's all about buiding rock solid floor |
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