There are a few places you can see the 'Northern Lights'  I can sometimes see them when I close my eyes... so beautiful  |
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Ist eigentlich das XT-Problem nun gegessen?
Letztens hatte ich 'ne Diskussion mit einem Bitcoin-Interessierten Neuling. Er fand alles ganz geil und hatte sich sogar schon fast entschlossen zu kaufen, bis ich ihm erzählt hab, daß wir maximal 7 Transaktionen pro Sekunde verkraften. Da war's vorbei. Er wollte noch wissen ob wir das Problem lösen werden und ich musste leider sagen: "Kein Plan, sieht gerade eher nicht dannach aus". Das "Problem" ist nicht XT, das Problem ist Scaling und gegessen ist leider garnix. Naja, man wird sehen. Crash landing, Massenflucht zu Altcoins oder was auch immer kommen mag... interessant wird's allemal und ja: es geht auf jeden Fall weiter. |
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Either bitcoin is an Investment commodity (the ultimate one!) that you hold and speculate on
Or internet *stable* cash money that you you keep on spending
But the latter is not synonym with moonlanding.
And thinking you can have both is ATH delusions.
I don't need to have both at the same time. Alternatingly is fine with me. |
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Was ich mir inzwischen halt überlege ist, ob unseren Probleme nicht eher etwas mit der asymmetrischen Verteilung des Geldes zu tun haben. Bitcoin ändert nach meiner Beobachtung jedenfalls nichts. Und das wird einem ja auch gerne von jedem Bitcoiner bestätigt. Wir hätten damit gesamtgesellschaftlich genau die gleichen Probleme wie mit unserem herkömmlichen Geldsystem.
Dem wird auch kein ernstzunehmender "Bitcoiner" widersprechen. Doch, ich: Wenn Bitcoin unser Hauptgeld wird (oder wir ein anderes 'vernünfiges Geld' ('sound money', mir viel grad keine bessere Übersetzung ein, aber die is ganz gut, oder?) haben), dann ändert sich imo so einiges. Unter anderem glaube ich, daß sich die asymmetrische Verteilung des Geldes abschwächen wird (no bailouts possible). Das Geld fliesst dann nicht wie jetzt unbedingt zu denen die bereits viel Geld haben, sondern zu denen die gute Entscheidungen treffen, gute Services und Produkte anbieten. Auch einfaches Sparen wird wieder möglich und so sind ärmere Leute nicht wie jetzt davon ausgeschlossen ihr (geringes aber dennoch wichtiges) Vermögen gegen Inflation zu schützen. |
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Don't forget people that Bitcoin is backed by Greed
I disagree. Bitcoin is backed by the people using it. |
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What he's trying to tell you Fakhoury is that if you see double digits, consider it the buy of a lifetime. I know I will.
Are you sure you would buy at $99? This forum would be filled with excited bears talking about single digits and they might even be right. Loads of coins from capitulating long-time hodlers might flood the markets. It wouldn't be a pretty sight and http://bitcoinobituaries.com/ would get some more entries for sure. |
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taxes are usually not on transactions. I'm not sure what you mean by "BTC to BTC transactions will be tax free".
taxes are usually on things like income or gains and then there's a tax in many jurisdictions on creating value (VAT)
Thats a big misconception, taxes arent on BITCOIN or USD or EUR or the currency itself. Taxes are on you. You are the instrument that is taxed, not the currency. Or more precisely your actions/liberties are taxed. You are their tax slave and they tax your freedom (or your right) of doing an economic transactions or economic activity. They cant tax bitcoin because bitcoin is not a living being, but they can tax you. +1. Well-said. So that means we will be slaves forever? Because we are alive and we are being subjected to taxation? There is no escape from this situation, other that be a homeless or quit your life and move to some 3rd world country to avoid that? Bitcoin is not cure we are waiting for? Its slavery in a different form, then a physical one. But intitally I get what the guys saying, as long you work and pay your tax the income you earn is obviously shredded. Most of these guys who make big money outside from banks are using third party sources for off-short accounts to reduce the tax. Think about it, if your Income Tax (cumulatively whatever % gets deducted from your income) is 50% Then if you live 70 years (the average in europe) , then 35 years of your precious life, creativity, energy, and wealth gets wasted on some bureocrats, welfare junkies and politician corruption. How is that sound? You know what's sad: it's even worse than that. Those 50% aren't even enough for those bureocrats, welfare junkies and corrupt politicians. No, they need to print money ("hidden inflation tax") on top of that. Not only does that take even more value from the people, but it also makes "saving" impossible (or at least less effective) so people, in fear, have to resort to pushing most of the rest of their income into dubious (expensive) insurance vehicles or try to "invest" it themselves (very risky). It's really really fucked up. |
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there pretty much consensus about this, XT is a flop
XT has reached is goal imo to put more pressure. It has also brought out the worst in some people and pointed to some related problems (centralization of control over the places the community uses to communicate, for example). I ran XT on my node for a while for exactly this reason. I never intended to blindly follow Hearns changes in the future and I think I'm not alone. |
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I call this "The Halving Fallacy"!
Halving has no immediate influence on price. Markets aren't stupid - they price in things ahead. Like they are pricing in a possible hard fork in 2016 -NOW!
yep, as nov 2012 shown there was no any immediate market reaction. absolutely no one cared as far as i remember. But price bubbled few months earlier from 6 to 16.Personally I think the market reaction will happen months (if not earlier) before the halving, this happened in 2012 and also happened at the current LTC halving (although some of it was just blatant pumping). It's a bit like buy the rumour, sell the news only slightly different :-P yes, noone cared on halving day or plus/minus some weeks, but: price also bubbled from 13 to 266 a few months after the halving.imo there will be both: - reaction before (people thinking ahead, market "pricing in") and
- reaction afterwards (real effect of supply halving takes hold)
imo the market does try to price in the halving effect but strongly underestimates it (even after having seen what happened last time). If we look at depicted envelope of roughly 1 year around the halving, we can see the price went from ~$5 to ~$120. Will that repeat in that way? Probably not exactly, but I think it's likely we'll see a 10-bagger or more (seen from roughly $300 level). In that sense I contradict the 1-2 year sideways prediction (unless we include whole 2015 as "sideways in 200-300 range"), I think the "quiet period" will be shorter, maybe until spring '16. (side-note: in the end everything is halving-induced because without halving we'd have unlimited supply and probably 0 value.)
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If I am right and price will leave bearish market in 2012 style, then we will have one-two years more of sideways.
The halving is in less than a year. It should get us out of the sideways channel. Price already in range since Jan 2015 - it is fucking our brains. While speculators want volatility, Bitcoin wants a calm. I agree with it, but I was talking not of what we want, but what will happen. If influx of dollars into bitcoin system is the same and reward is halved, the price will double. The sideways channel is 200-300, therefore the doubled price will be around 400-600. I don't know if this will trigger a rally, but in any case it would be way above of the current sideways channel. I'm quite sure it would trigger a rally. Price doesn't just double with no other effect. Media hype, etc... there's no better money magnet than a rising price. |
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When I type the extit command, the window doesn't close
there's your problem . It goes tits up. joke aside: I have the same issue on linux. First I thought it might be waiting for something to gracefully quit, but I'm ending up killing the process after some minutes. |
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Nächstes Jahr kommt das Block Halving
Ist schon bekannt welche unserer charismatischen Developer daran teilnehmen? hoffentlich alle |
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taxes are usually not on transactions. I'm not sure what you mean by "BTC to BTC transactions will be tax free".
taxes are usually on things like income or gains and then there's a tax in many jurisdictions on creating value (VAT)
Thats a big misconception, taxes arent on BITCOIN or USD or EUR or the currency itself. Taxes are on you. You are the instrument that is taxed, not the currency. Or more precisely your actions/liberties are taxed. You are their tax slave and they tax your freedom (or your right) of doing an economic transactions or economic activity. They cant tax bitcoin because bitcoin is not a living being, but they can tax you. +1. Well-said. |
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Bitcoin is something completely different and therefore in my very humble opinion should not be taxed.
I would hope that any BTC to BTC transaction will be tax free while if one wants to cash out in fiat then one should pay taxes on it.
Any State or Nation or Federation or whatever have no rights on BTC!
taxes are usually not on transactions. I'm not sure what you mean by "BTC to BTC transactions will be tax free". taxes are usually on things like income or gains and then there's a tax in many jurisdictions on creating value (VAT) I think bitcoin should be dealt with from a tax perspective like it was a foreign currency, but most jurisdictions have a different interpretation. Most apply capital gains tax because they categorize bitcoin as a commodity or some kind of private token. Some go as far (germany) as saying that VAT applies when bitcoins are sold, which I think is ludicrous. Sure, no govt or nation has 'rights' on BTC, but that doesn't mean they can't tax circumstances involving bitcoin. They don't have right on copper either, yet all kinds of taxes apply when you deal in copper or do business involving copper. When I say BTC to BTC transaction I mean when you and I do a BTC transaction. Let's say I have 1 kg of tomatoes and you want to pay me 0.1 BTC.In that case I don't want to pay any taxes on it. I agree when you say that it should be considered like a foreign currency but BTC is much more than that. I don't know there is too much confusion about the matter. I'm not a money launderer but I think at the moment there is no good solution about this. Barter transactions are taxed (it's a "reciprocal sale") where I live (germany). Even if we swap a potato for a cucumber, we have to value the 2 things in EUR and if one of us is a company, VAT is due. If one of the goods is an asset, depending on the acquisition price and date of the potato/cucumber, gains tax might be due also. Various other taxes might also apply. |
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Die Korrektur kommt ja nicht vom XT, sondern von China.
Wenn es nur der XT wäre, würde nicht alles runtergehen.
Momentan stagniert alles: Aktien, Öl, Gold.... Cryptos....
Crashs sind immer irrational, da geht es nicht nach dem wahren Wert.
Das einzige, was gut dasteht, ist der Euro ("sicherer Hafen" im Bewusstsein der Bürger)
Joa, aber irgendwo muss das ja alles hin was da abgezogen wird. Gerade geht es ja ueberall runter, selbst Gold, so als ob das einzig wahre Fiat waer. Bin mal echt auf morgen gespannt. Der Litecoin hat ja das Blockproblem noch nicht. Und morgen Abend ist Halving. Bis jetzt hat sich da beim Preis ja noch nix getan. Tuts vielleicht auch nicht. Abwarten, ich besorg mir jedenfalls Popcorn. Ich glaube ein halving was alle 4 Jahre stattfindet muss man etwas längerfristiger betrachten... Beim Bitcoin sah's letztes mal so aus: am halving-day selber plusminus ein paar Tage/Wochen hat sich nix getan. |
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Langsam erscheint mir die Korrektur zu übertrieben. Ich meine, nur wegen xt, der jetzt vielleicht kontrovers ist, aber ja keine Abschaffung des Bitcoin bedeutet, wird sich benommen als gäbe es keine Zukunft? Das ist doch nicht halb so schlimm wie Gox damals.. In meinem Empfinden jedenfalls.
Finde ich nicht. Will nicht den Teufel jetzt nicht an die Wand malen, aber wenn wir Scaling nicht in den Griff bekommen, dann sieht's nicht gut aus für bitcoin. Da ist ein kaputter exchange (egal wieviel Verluste erlitten wurden) nichts dagegen. Die Tatsache daß das Thema gerade so 'wichtig' wird und so emotional und 'mit allen Mitteln' bearbeitet wird stimmt mich allerdings zuversichtlich, daß wir (ja WIR, die community ;-) ) eine gut genuge Lösung finden werden. Vom Timing her passt alles gut zusammen: Anfang 2016 wird's interessant mit der Blocksize. Vielleicht kriegen wir dann im Frühjahr 'ne schöne Lösung hin die ein paar Jahre (4?) hält (oder wir stellen fest, daß wir garkeine brauchen erstmal) und dann kommt das Reward Halfing... steigender Preis, Presse-Zyklus, Hype-Rakete. Wunschdenken? Vielleicht. |
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Auf bitfinex ist der Handel ausgesetzt wie es scheint.
pfff. man kann noch orders eingeben, aber löschen geht nicht. so ein sch...ß. In China gehts unter 1400 und auf finex kann man nicht shorten/sonst was machen. Toll  toll wird's wenn die engine wieder anspringt. Mal gespannt was dann passiert. |
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Auf bitfinex ist der Handel ausgesetzt wie es scheint.
pfff. man kann noch orders eingeben, aber löschen geht nicht. so ein sch...ß. |
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ich muss gestehen, für mich hat bitcoin momentan etwas von der piratenpartei...
ohje. aber ganz unrecht hast du nicht. haben die Piraten eigentlich auch ihr eigenes Forum zensiert? |
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