Bitcoin's marketshare has dropped below 80% for the first time. Bitcoin businesses are dropping Bitcoin as a payment method left and right. Yeah, bitcoin is fine. We don't need any competing implementations. All we need is Blockstream Kore. Their leadership is perfect and ONLY they know the true way forward  Lightning Network will solve ALL our problems when it's finally released 5 years from now! /s The truth is that BlockstreamKore are a fucking cancer that need to be removed with some kind of laxative. If they aren't removed, then bye bye Bitcoin as the #1 Coin - Either Monero or Dash or Ethereum will take over the majority of marketshare. Think about this for a second, wasnt it all an experiment from the very beginning? Didnt Satoshi say that there will be lots of transaction volume years from now, or there will be none? What if in 10 years BTC was really going down anyway? The only problem is it could come earlier than expected. |
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Thanks for the quick reply, koeppelmann. To be frank with you, Im not entirely a fan of ICOs. I think most of them out there will end up nowhere while the developers behind pass the financial risk to the community. Is there a way for you to find the funding from professional investors and skip the creation of a token for Gnosis?
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Hey guys - I am one of the founders of the project. Although it has been a bit quite here the project is very much alive, with a growing team and a token auction coming up soon. We are mainly active in our slack: slack.gnosis.pm, the subreddit: reddit.com/r/gnosisPM/ Here is a good overview about the current state of the project: https://www.reddit.com/r/gnosisPM/comments/5t36om/gnosis_faq/You can find more content about Gnosis on our blog: https://blog.gnosis.pm/ - however, if there is demand we will include this thread as well into the list of places where you can get recent updates. Ping me here if you have questions! What are your long term plans for Gnosis and how long of a timescale is it? Because if your funding runs out before reaching your long term plans, how are you going to raise money again? Another issue for me is, wouldnt it be a problem for Gnosis if Ethereum doesnt solve its scaling problem? Would you be interested in building your platform on ETC instead if they have a better scaling solution? |
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Blockchain.info address url changed to blockchalna.com
once I logged in.
It was able to deceptively do my login too, this means that blockchain.info has linked up with other hackers to steal all the bitcoins.
No, it means you logged into a phishing site. Did you Google blockchain.info or did someone send you the link? You should have the url bookmarked and check it carefully every time you log in. If you also had 2-factor authentication and a second password this likely would have been prevented. This makes a lot of sense. Im proceeding on bookmarking blockchain.info right now and enabling all the security features necessary. Im also looking at the fraudulent transactions. At least we could say that nothing much was stolen. |
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http://www.coindesk.com/code-bug-exploit-bitcoin-unlimited-nodes/Let this be a reminder of what happens when you try to pass the development of a 20 billion dollar project into a bunch of idiots instead of sticking with the time-tested, world-class coders with a conservative mindset that have guaranteed our holdings stay safe for 7+ years.  This also proves most BU nodes were single entities with big pockets, probably the work of none other than Bitcoin Jesus himself. If Jihan Wu, Roger Ver and Gavin Andressen still promote this garbage, we all know they don't even care about their holdings and have ulterior motives beyond the idea of naive good intentions. Thats a really bad rep for Bitcoin Unlimited developers. But if the miners support them then what will stop BTC from doing the hard fork? The supporters of the hard fork to Bitcoin Unlimited have said that the network will not split into two. I think it will. Core developers, miners and supporters will never give it up. Is there a guide on how to split your coins? I think we will need that now. |
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What are the threats for financial system from bitcoin?
There aren't any. Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets. Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world. If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth. Hydrogen you are wrong my friend, bitcoin is used for all the things you mentioned. Bitcoin is replacing fiat, now you have alternative, you can gamble with fiat or with bitcoins, you can buy things with fiat or with bicoins. As you see bitcoin is taking part of profit, and with time that part is bigger and bigger. From their point of view bitcoin is taking more profit each year from them. Bitcoin, read blockchain, is competition to fiat system and threat for it. Future can bring many changes, and this battle will last for decades in my opinion. Listen to how stupid you sound. Youre saying Bitcoin is replacing fiat? Where? I dont see any of that sort in the financial system today. Another problem with BTC is scalability. Its not ready to handle all the world's fiat transactions and may never will. Scalability is certainly an issue And Bitcoin is quite naturally not yet fully ready to handle "all the world's fiat transactions" and likely will never be able to. But that's certainly not to say that it can't handle at least some part of these transactions since this is what it already does. It is a difference of degree, not of kind. Other than that, the black-and-white approach (which is what you essentially stick to here) is not very constructive in general. Bitcoin is not replacing fiat (not anywhere near that so far), but it is still slowly crowding fiat out. And then again, this is what it already does (whether you like it or not). Denying this is like claiming that the Earth is flat and Elvis Presley still alive You say it like it is certain to happen. Bitcoin doesnt matter to 99% of the world's population. Did you see what the People's Bank of China did? It blocked BTC withdrawals from the exchanges in China and it didnt affect anyone except the traders. If BTC was removed today it wont really matter except for users of the darknet markets and some whales trading Bitcoin. The majority of us will lose less than 1 BTC. Dont kid yourself that BTC is getting there What exactly am I saying that you interpret as certain to happen? In fact, I'm not saying anything about what is yet going to happen. I'm just pointing out what is already happening. I hope you see the difference. I have to repeat that such an approach ("all or nothing") won't lead you anywhere. Regarding Chinese exchanges disabling withdrawals, this argument of yours in fact works straight against your point. It didn't affect anyone (here you are right) as it didn't affect the price of Bitcoin in any significant degree. Simply speaking, this has out of hand shown that Bitcoin is a lot more already than just Chinese exchanges, contrary to what many people assumed or believed prior to that Ok its good that we get each other in thinking that nothing is certain to happen when it comes to the future of BTC. Im also not thinking in black-and-white because I do agree that BTC will be used in the darknet for quite a long time. As for China, yeah it didnt affect Bitcoin but it didnt affect the rest of the nation either. |
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there's absolutely no way I would ever trust a site that show "The DAO" on their welcome page as one of the coins. LOL
DAO was discontinued since its fail last year. Thanks for the tip. We will remove its logo as soon as possible. I think Vericoin is also another cryptocurrency that was involved with its own problems. I think a hacker got access to a majority of VRC by hacking an exchange and the team behind it did a controversial hard fork which the community didnt agree with. From then on everyone kept away from it. It might be good to update the list of coins to make the wallet a more attractive option for users. Are you open to suggestions? |
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What are the threats for financial system from bitcoin?
There aren't any. Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets. Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world. If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth. Hydrogen you are wrong my friend, bitcoin is used for all the things you mentioned. Bitcoin is replacing fiat, now you have alternative, you can gamble with fiat or with bitcoins, you can buy things with fiat or with bicoins. As you see bitcoin is taking part of profit, and with time that part is bigger and bigger. From their point of view bitcoin is taking more profit each year from them. Bitcoin, read blockchain, is competition to fiat system and threat for it. Future can bring many changes, and this battle will last for decades in my opinion. Listen to how stupid you sound. Youre saying Bitcoin is replacing fiat? Where? I dont see any of that sort in the financial system today. Another problem with BTC is scalability. Its not ready to handle all the world's fiat transactions and may never will. Scalability is certainly an issue And Bitcoin is quite naturally not yet fully ready to handle "all the world's fiat transactions" and likely will never be able to. But that's certainly not to say that it can't handle at least some part of these transactions since this is what it already does. It is a difference of degree, not of kind. Other than that, the black-and-white approach (which is what you essentially stick to here) is not very constructive in general. Bitcoin is not replacing fiat (not anywhere near that so far), but it is still slowly crowding fiat out. And then again, this is what it already does (whether you like it or not). Denying this is like claiming that the Earth is flat and Elvis Presley still alive You say it like it is certain to happen. Bitcoin doesnt matter to 99% of the world's population. Did you see what the People's Bank of China did? It blocked BTC withdrawals from the exchanges in China and it didnt affect anyone except the traders. If BTC was removed today it wont really matter except for users of the darknet markets and some whales trading Bitcoin. The majority of us will lose less than 1 BTC. Dont kid yourself that BTC is getting there. |
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I have an idea that keep in my mind since last year. I dream to make a property company that provide the needs for a place to stay for peoples in my country. We buy land, build many houses or apartment and sell it with credit payment system. It will be a good future of property company to use bitcoin to raise fund from the investors.
There is 257+ millions people live in my country, so that will be a good factor.
Good idea but keep in mind, property development must have formal written agreement by notary, investors with at least 10 BTC didn't want to lose like that happens in cloud mining investment. This becomes a serious problem for a country that has not ratified bitcoin, will result in no agency willing to cooperate, unless you raise funds investors are dealing with a private signature agreement. What if we make it like create a new coin? Make crowd funding on ICO and hire as many as investors online with minimum and maximum investment. I think it will be great. All investors will get their token as a prove they have invested on this project. They will get return with percentage and time that determined. Im all for this idea as long as the tokens are not made tradable to any exchange. If it was there would be a lot of speculation in it, making it no better than the scamcoins that have been created in the past. But what is stoping this from becoming a ponzi? If the minimum or maximum target of crowd funding have determined, I think there is no reason for this type of investment could be a ponzi scheme. Also like another offline investment, there is "wait time" for investors to get their ROI. They can't revoke their investment until the project done or the houses sold. Yes but how will this be different from all the ponzi scheme altcoins that we have seen? Your idea is not the first of its kind. There were already scammers who did this with commodity backed coins and other investment type coins like Paycoin. If the tokens issued are disallowed from trading in any exchanges then it might work. Also the issuer must pay back the investors back with a fixed calculated interest. I am totally agree with all your statement about this idea. Tokens which can be trade in any exchanges will cut off the originality and characteristic of the project. I don't know how to make this not seen like a Ponzi scheme, but with this situation, at least I know that's why many developer need a smart financial thinker like you, dude. It's just an idea in my head, and I think it will be great if some people can make it real with professional team even without me on there.What are you saying? Arent you a professional? I thought you were a finance guy when I was reading your posts because you seemed to know what youre talking about. Now Im curious what you do for a living and from what country are you from? |
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Heres a conspiracy theory for everyone. What if Satoshi was really a group of people that was comprised of the same people in the Bitcoin Foundation. What if this was all planned in the first place? Bitcoin, the Silk Road, MtGox, everything and then it had a life of its own.
Sometimes I cant imagine how Bitcoin became successful accidentally. There must be an invisible hand moving to ensure success.
My first and major concern about your theory - we know that Satoshi is owner of roughly 1.7% of all bitcoin in existence. So tell me why he/they would want to go for all these trouble to gain petty money, compared to Satoshi's fortune? That is why I doubt these events were planned in any way, it was simply series of unfortunate events. But the objective is not to gain petty money. Its to ensure the success of the network. The group created their own currency out of thin air, created the first market where the banks have no way serving, so no competition for BTC and they bought and controlled the first fiat to BTC exchange which is MtGox. They also had this forum as a meeting place for offering jobs that pay in BTC. It all started from there. I sometimes find it difficult to imagine that it was all an accident. |
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Heres a conspiracy theory for everyone. What if Satoshi was really a group of people that was comprised of the same people in the Bitcoin Foundation. What if this was all planned in the first place? Bitcoin, the Silk Road, MtGox, everything and then it had a life of its own.
Sometimes I cant imagine how Bitcoin became successful accidentally. There must be an invisible hand moving to ensure success.
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I see some posts are not qualified as good English especially in grammar. So I think probably some native speakers want to share English lesson. In the first place I think the would just share it with no fee, but since I read their culture that strangers are not friends, so I think probably better to pay fee.
So, do you think the native speakers would share English lesson to you free or with fee?
It could be a good service and profitable if theres lots of interested people. Study your market and see if its worthwhile to start such a service. Reading the posts in this thread alone, you could tell that most arent native English speakers and they need some lessons. It could also help improve the quality of posts in the forum. |
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I have an idea that keep in my mind since last year. I dream to make a property company that provide the needs for a place to stay for peoples in my country. We buy land, build many houses or apartment and sell it with credit payment system. It will be a good future of property company to use bitcoin to raise fund from the investors.
There is 257+ millions people live in my country, so that will be a good factor.
Good idea but keep in mind, property development must have formal written agreement by notary, investors with at least 10 BTC didn't want to lose like that happens in cloud mining investment. This becomes a serious problem for a country that has not ratified bitcoin, will result in no agency willing to cooperate, unless you raise funds investors are dealing with a private signature agreement. What if we make it like create a new coin? Make crowd funding on ICO and hire as many as investors online with minimum and maximum investment. I think it will be great. All investors will get their token as a prove they have invested on this project. They will get return with percentage and time that determined. Im all for this idea as long as the tokens are not made tradable to any exchange. If it was there would be a lot of speculation in it, making it no better than the scamcoins that have been created in the past. But what is stoping this from becoming a ponzi? If the minimum or maximum target of crowd funding have determined, I think there is no reason for this type of investment could be a ponzi scheme. Also like another offline investment, there is "wait time" for investors to get their ROI. They can't revoke their investment until the project done or the houses sold. Yes but how will this be different from all the ponzi scheme altcoins that we have seen? Your idea is not the first of its kind. There were already scammers who did this with commodity backed coins and other investment type coins like Paycoin. If the tokens issued are disallowed from trading in any exchanges then it might work. Also the issuer must pay back the investors back with a fixed calculated interest. |
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What are the threats for financial system from bitcoin?
There aren't any. Bitcoin isn't likely to replace fiat or compete with banks in student loan or house/car loan markets. Bitcoin also isn't likely to be used in healthcare, real estate, manufacturing, tourism, pornography nor any of the big global markets of the world. If anything bitcoin will have a positive effect on financial systems by giving them incentive to mirror or exceed bitcoin's stability & growth. Hydrogen you are wrong my friend, bitcoin is used for all the things you mentioned. Bitcoin is replacing fiat, now you have alternative, you can gamble with fiat or with bitcoins, you can buy things with fiat or with bicoins. As you see bitcoin is taking part of profit, and with time that part is bigger and bigger. From their point of view bitcoin is taking more profit each year from them. Bitcoin, read blockchain, is competition to fiat system and threat for it. Future can bring many changes, and this battle will last for decades in my opinion. Listen to how stupid you sound. Youre saying Bitcoin is replacing fiat? Where? I dont see any of that sort in the financial system today. Another problem with BTC is scalability. Its not ready to handle all the world's fiat transactions and may never will. |
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You misunderstood what theyre trying to say. They said that it could change banking as we know it, not permanently destroy and disable them. What theyre trying to do is to keep up with the technology by adopting the blockchain. But do they really need it? Save that for another topic. There are some in Bitcoin and crypto that says they dont.
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Bitcoin can never be compared with PayPal. Bitcoin and PayPal are different forms of payment source with different features. Possibly I believe PayPal will serve good for business people and for other needs bitcoin seems to be the best. Cannot describe PayPal and bitcoin to be the worst.
You have the idea but the reason you gave is very shallow. Paypal is a website for processing payments online. Bitcoin is the first decentralized payment network that cant be taken down by any governing body. Even then, comparing Paypal to BTC is condescending to the latter. Its better not to compare them. |
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I have an idea that keep in my mind since last year. I dream to make a property company that provide the needs for a place to stay for peoples in my country. We buy land, build many houses or apartment and sell it with credit payment system. It will be a good future of property company to use bitcoin to raise fund from the investors.
There is 257+ millions people live in my country, so that will be a good factor.
Good idea but keep in mind, property development must have formal written agreement by notary, investors with at least 10 BTC didn't want to lose like that happens in cloud mining investment. This becomes a serious problem for a country that has not ratified bitcoin, will result in no agency willing to cooperate, unless you raise funds investors are dealing with a private signature agreement. What if we make it like create a new coin? Make crowd funding on ICO and hire as many as investors online with minimum and maximum investment. I think it will be great. All investors will get their token as a prove they have invested on this project. They will get return with percentage and time that determined. Im all for this idea as long as the tokens are not made tradable to any exchange. If it was there would be a lot of speculation in it, making it no better than the scamcoins that have been created in the past. But what is stopping this from becoming a ponzi? |
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ARE YOU SERIOUS? Those servers can go down anytime, why are they valuing those items at those prices? If there was a scam worse than altcoins then those are it! The good thing is it could make us more optimistic with Bitcoin even if it has its limitations. If a sword from Age of Wulin can be valued at 16,000 dollars then so will the first revolutionary cryptocurrency.
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I have an idea that keep in my mind since last year. I dream to make a property company that provide the needs for a place to stay for peoples in my country. We buy land, build many houses or apartment and sell it with credit payment system. It will be a good future of property company to use bitcoin to raise fund from the investors.
There is 257+ millions people live in my country, so that will be a good factor.
This is really a brilliant idea since having this kind of business will give you profits in longer runs but accepting all payment terms to bitcoin is somehow risky since we do all know even price of bitcoin is rising,its volatility which makes it dangerous if you decide to go all in paying up on bitcoin. No thats not a brilliant idea, are you crazy? This is already being done by real estate developers and they are doing a fine job at it without using Bitcoin. Why do you think is Bitcoin needed to start something like that? For a guy who claims to have thinking about it for a year, you sure didnt think about it hard enough. |
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I do agree though thst it is slow and I have no idea why. Maybe we need more miners ?
What kind of BTC user are you? You have been posting in Bitcointalk for months and you still dont have an idea about the basics of Bitcoin. Go to bitcoin.org and do your own diligence. Its unfair to others who have done their part in learning about Bitcoin and you post misinformation in the forum. |
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