Etoro is out of Beta and orders are executed 4 times a day now instead of once in beta.
They only trade paper bitcoins, correct? |
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What sort of businesses can be created to help the evolution of the coin?
Global mesh network. Hardware. Software. Deployment. Upkeep. Access. |
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OP assumes every miner needs to offset his costs. I can only speak for myself, but mining was simply my way of purchasing Bitcoins. I had a certain amount of fiat which I wanted to convert into Bitcoin and I purchased mining gear (GPUs at the time) and then spent the rest on electricity. When the fiat ran out, I sold the hardware directly for Bitcoins.
So... I mined and never put any downward pressure on the exchanges. Quite the opposite, I removed (through evil hoarding) coins from circulation.
To grasp the total "downward pressure" that miners put on the exchanges, one would have to know the financial situation and intentions of every Bitcoin miner, which is quite impossible.
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It hurts to see so many people get scammed for large amounts!
Fake miners' hardware sellers, runaway escrows, fishing websites and ordinary scammers in sell/buy threads with fake trust ratings and feedback. So many users are losing serious money even when taking necessary precautions. I'm not rich, and these sums would be substantial to me.
Some say that it's the price you have to pay for greediness, but not everyone is a hardcore speculator!
I speculate that for every person starting a thread about getting scammed there are hundreds of people not starting a thread about how they didn't get scammed. Either that or I've lost my faith in humanity. |
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BitPay is a business that provides a bridge for companies wanting to accept Bitcoin without taking the risk of holding the volatile currency or dabbling in the Bitcoin exchange market. Since they deal with fiat, this decision only makes sense. Marijuana dispensaries are welcome to accept Bitcoin on their own! They already involve themselves in a risky market, so a little extra risk shouldn't bother them.  |
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If a hard-fork is allowed, could we forbid one address to mine more than N (maybe = 6) blocks in a row? In other words, the new bitcoin clients will reject the (N + 1)th block mined by address A if the previous N blocks mined by A. This certainly will not prevent general 51% attacking since the attacker can change the mining address easily, but considering currently most mining pools are using one mining address, it will be useful to avoid panic caused by big mining pools. As long as the big mining pool promise to use one address (easily verifiable), we no longer need to worry about them any more. Any thoughts about that? May I add this suggestion to the hard-fork wishlist? Just because a pool uses the same address to mine blocks, doesn't mean it is forced to do it. If what you are suggesting is implemented(and it won't for obvious reasons), the pool will just change the address. Yes, but if a pool tends to use alternate address in mining, it proves itself malicious. I suppose all pools are eager to prove themselves are good guys now. So it would just ease everyone's nerves until they were finally ready to attack? Err... great? |
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Re read my OP I don't want to use this for BTC I want to use it for new coins like ones that don't have very much difficulty and yes I will get tons of blocks solo mining off of those.
Well, you've posted in a forum labeled "Bitcoin Discussion" so perhaps you should move your thread to a more appropriate location. |
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Is there an official act that transforms stolen property back to legit?
Huh? Like when the govt auctions off seized property Ahh... you mean legitimate in the eyes of the government. Well, there you go, you've answered your own question: government auctions. |
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I suggest P2Pool.
It's "solo mining" with a shared reward.
I do not suggest "actual" solo mining.
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Is there an official act that transforms stolen property back to legit?
Huh? |
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If you were to do that bitcoin the fork created would just be monopoly money.
FTFY. |
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Government regulations are a problem for everything... this isn't Bitcoin specific. Although, Bitcoin was designed to be resistant to such measures (peer to peer, decentralized).
The possibility of a 51% attack is higher than I would like, but I blame it on miners looking at the short term instead of long term. Perhaps they need to experience an actual attack before taking it seriously.
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the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin? First the latter then the former, in that order. Got a time frame? |
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the inevitable collapse of hubris
The hubris of those who trust fiat or the hubris of those who trust Bitcoin? |
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All this is not set hard in stone though..
Can you let us know via this thread? Thanks! |
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This has already been done. An alt-coin which was an exact copy of Bitcoin. I don't think it lasted very long (I could be wrong).
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This isn't actual Bitcoin trading, its Bitcoin paper trading, right?
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The weak hands give to the strong hands.
$900 per Bitcoin was too heavy for my limp wrists Can I quote you when Bitcoin is $2,000? By then he may have rebought at a lower price and it will be irrelevant. But none of these posters ever tell us when to buy back in.  They just magically bought back in lower once we are hitting new highs again. OP make sure to let us know when to buy, OK? |
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The lesson everyone should learn from this is not that we should fight fire with fire, but that you should be prepared to render fire impotent from the start.
Use M of N wallets stored in different physical locations. Share this information with someone you trust and should you ever be seized by some group, make sure the individual your shared this information with is able to transfer those coins to a new wallet which is out of your control, therefore the group will not be able to coerce the coins out of you.
Disclaimer: This post is strictly theoretical and is not concerned with individual actors or groups nor their actions in real life. I do not support any actions taken by any real life actors involved.
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Doing as the OP suggests would totally undermine and be the death of Bitcoin.
Don't be silly. It will totally undermine and be the death of their new alt-coin which they forked from Bitcoin. I personally can't wait to sell my alt-coins in order to purchase more actual Bitcoins. Any ETA on this fork? |
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