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You should invest in your education if you want to be successful, learn as much as you can and if you work hard and smart money will come.
BTW, these forums, and bitcoinland in general, are full of scammers, be very careful.
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Could you please explain what you mean by " Classic supporters are controlled opposition" I just don't understand what you mean, thanks.
Who do you think is controlling them?
Guy's a troll, don't feed it. |
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Bitplastic is an old and well know scam, you shouldn't be giving it more visibility unless you're warning people to stay away from it.
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hello! i bought some storjs on poloneix and try to find some safe place for them. explain me pls, guys, how download wallet or keep safe my starjcoins  i am novice here, sry Any bitcoin address can store SJCX, you can then import the address to https://wallet.counterwallet.io/ to move the coins, if you feel comfortable with it, you can create the address in that wallet. |
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This is what happens when people with zero understanding of the protocol starts talking about it. If you half block generation time, u'll increase the orphan rate, reduce block halving time and ultimately end up with an alt coin.
Well lets step back and look at that statement. I don't have zero understanding of the protocol, but I do have a limited understand I'll admit. It seems that most users, and posters on this forum, are in the same position. We are here to learn, and I hope that I will get some explanations as to why I am wrong, if I am wrong. Looking at Bitcoin from a commercial point of view, an average block interval of 10 minutes is way to long. This is regarless of any technical issues. Now lets look at the technical point you made. Block generation averages a ten minute interval. That means sometimes it is a lot longer than 10 minutes, as in the two hour period I mentioned. Now the system will need to catch up on a period when generation had a 20 minute interval. That means it will need to run with 5 minute intervals for a while. This is the current system that will have to cope with that, and it doesn't seem to create more orphans. Of course halving the block generation time will create more blocks, so you would have to adjust the miners reward to compensate for this. I don't see why this would create an alt coin. It's still Bitcoin, and it is still using the current blockchain without any alterations. You need to change a lot of rules for that, fundamental rules, mess with difficulty, immediately halve the reward and then set up the new mining reward rules, also new debates how big the block size should be, keep 1 MB or also halve the block size, it's a huge can of worms... It's better just use litecoin. |
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Reported by what site? How is hash power data collected/calculated?
I saw the table on coin dance - no idea how they calculated it, and a quick look doesn't reveal the table. I ran a google search, and it seems some sites are reporting classic hash rates as ovewr 60%, which is clearly not the case. I guess obfuscation still rules. That's probably pool operator's opinion. when all pools give the choice to individuals miners we will see the real support. |
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the only way you can lose money from your credit card is if you withdraw at an atm and someone jumps you with a gun and takes the cash out of your hands.
How about a guy with a NFC reader standing next to you in a queue. You wouldn't know he'd taken the money from you until you looked at your statement. Too much trouble and risk for a one time 20 euro payment. |
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Is it normal ? I wasn't here when the old halving block rewards happened before so I'm not sure how things work exactly but logically ... should we see a price increase (at least little bit) since we are getting closer and closer ?
Last time around the halving the price slowly went from $5 (2012 summer) to $12-13 (2012 dec.) but that was lower than the then ATH (~$24). After the halving it kept climbing slowly for months. The latest LTC halving was a slightly different pattern: from <$2 it went to >$8 then back to $2 finally stabilized above $3. With litecoin, the $8 peak was before the halving, and it was because of some huge Chinese ponzi scheme, after halving price went down from $3.3 to $2.8, and it has been moving around $3. |
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Credit card transactions can be reversed and you'll most probably get your money back, when your coins are gone, they're gone for good.
Even the "biggest idiots" don't lose money with their credit cards...
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Like Satoshi said: Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone. I wonder though, is there a point where the difficulty of generating a new coinbase is so high that it would make more sense to try to recover keys for lost coins or steal other people's coins instead? The difficulty of that is really high so for now it makes a lot more sense to generate but I just wonder what the real figures are.. would that ever become more productive? Maybe Satoshi can address this..
Computers have to get about 2^200 times faster before that starts to be a problem. Someone with lots of compute power could make more money by generating than by trying to steal. |
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Those stats indicate the number of blocks with Classic version are increasing, also number of nodes.
Alternatives to Core will always exist and should so, relying in only one team is a recipe for disaster.
Having options is a good thing.
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Best you can do is change currency, litecoin has a pretty stable value.
Telling people to switch to completely dead coin is kind of... bad. Monero or Ethereum, safest bets in crypto-space right now. That's why I said litecoin, it's old, it's boring, it's quite stable, I don't think people should invest in the the fad of the month, Monero or Ethereum, specially now the price is highly inflated. |
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I don' get it, why should demand for bitcoin increase because of this?
because the halving usually bring a good expectations and a good hype it's the same reason why humans are happy only in the festivity.... people just need a reason to be encouraged to do something I've seem a few halvings and all the anticipation but when it actually happens price doesn't move because halving is irrelevant to the price... |
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I don' get it, why should demand for bitcoin increase because of this?
There will be a decreased supply of bitcoins entering the system relative to the demand. That's a drop in the ocean, currently there are more than 15 million bitcoins in the wild, global trading volume picking at almost 6 million bitcoins a day, less 1800 coins a day is irrelevant. |
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My bet is on a price drop, a big drop.
why you think this? Like a lot of miners decide to stop investing and chain could "stop" (or produce really slow new blocks?) People preparing for that possibility will move price down, although if/when transaction capacity increases we may see a bull run, if so the apocalyptic mining scenario will not happen. |
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Nothing can be done and nothing will be done, people in charge do what they want regardless what needs to be done.
Best you can do is change currency, litecoin has a pretty stable value.
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