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Bitcoin has all to be the coin to we pay online ,with openbazar near to be open i hope it explodes and brings the new investors and new interest into bitcoin.
Is openbazar bitcoin only? If it is bitcoin only, it cannot survive easily initially. If it is not, then it will be another ebay. |
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In a period of crysis like now in Italy, what can help BTC?
what crisis? BTC might help Italian? All the people in every country must work hard to earn bitcoin. |
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if the halving has the same effect on btc price as it recently did to ltc, wouldn't we expect an approximate doubling by 2016. Then another 2 -3 doublings in next 10-12 years. with nothing else effecting growth..just that could possibly push price to 2,400 - 4,800. I would happily wait that long...as they say ..."time flies when your halving fun"
Don't use ltc as an example - ltc has nothing to do with this. We already have an example of what will happen based on the previous block reward halving. ie. Current Price * 40. Or roughly 11k/BTC Even if it is x20, that would be $6k/btc. I think it is very difficult to rise that much. The market capitalization is much larger than before. We need more fresh money to push the price higher. |
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You have an activity level that high and you haven't figured out that market cap is a borderline meaningless measure?
The price is set by a few tens of thousands of coins and a few tens of millions of dollars. On Bitstamp a $5.9 million dollar buy would push the price to $2700. Congratulations you now have a 16 billion dollar market cap at a bargain price.
A $4.3 billion dollar buy would probably push the price to $500,000 and then infinity as I doubt anyone's set a high enough price and there wouldn't be any coins left.
That $2700 price is not sustainable. If the price gets higher, more seller will appear to sell at higher price. |
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"There were about 370,000 nodes in past, but now it's only about 5000 nodes because blockchain is big
In future, i think there'll less nodes, but all of them are very powerful"
Is not a problem that the verify of transaction go in the hands of a "few" of person?
theres more then 5000 nodes. that bitnodes site that meant to list the 5000, misses out sooooo many nodes.. i know of 10 people that have full nodes running and none of their IP's show up. even if 1 out of 10 people i know was actually listed.. then thats roughly a 10% visability. meaning there would be potentially 50,000 nodes. but because none of the 10 show up. i think the odds of visability are much lower.. so lets say it was 1%.. it would make the potential nodes 500,000. short story dont beleive all statistics, some key data may be missing I have one PC with bitcoin qt one all the time. It is a home computer with no fixed IP address. Does it still contribute to the community? |
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With an available supply of 14,771,150 BTC it takes $4,351,964,840 to yield a price of $ 294.63. To move the price to $8k where are all of these extra billions coming from. Tens of extra billions. You know something we don't?
Bitcoin is over-pumped as it is.
Ebay market cap is 28 billion and what do they have appart from network effect? Seems like a software platform that got popular and is now getting serious competition. It is the network effect like Facebook. It has nothing but the users. Users will move to another platform if there is a scandal related to Facebook. |
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With an available supply of 14,771,150 BTC it takes $4,351,964,840 to yield a price of $ 294.63. To move the price to $8k where are all of these extra billions coming from. Tens of extra billions. You know something we don't?
Bitcoin is over-pumped as it is.
The US treasury bonds are over 17 trillon. 1% of that move into bitcoin, the bitcoin price will be much higher than £1 million. |
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There are too many junk coins. At least 5 a day appear. Maybe in the future, there will be fewer scam coins. New functions can be added to the existing coins.
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I dont even care about taxing it, they could create a legal tender cryptocurrency that would have transaction tax implemented in it, and that would be it. I am a big proponent of transaction tax, only, and this TX tax would replace all other taxes (income,VAT, property,tariffs,etc.) A constant 1% tax on every transaction would be a fair tax, and no other taxes. It would be hardcoded into the protocol and the genesis address would be owned by the government. This would keep politicians happy, and would be significantly better than a 30% income tax. But bitcoin would serve as a tax free commodity to hold your reserve in  1% tax hard coded into the protocol? I do not think we get that consensus all over the world, even though I think unified tax is better. |
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As for me there is no future in paper money,cause you can`t keep $10k in you pocket.But with btc,you won`t have any troubles.
One hundred years ago, you could not keep $100 in your pocket. Today, you can easily keep $1k in your pocket. In 10 years, you can keep $10 in your pocket easily. Bitcoin is futuristic, You can keep numerious bitcoin in your pocket. It beats all the currencies. You can keep a billion $ worth of bitcoins in your pocket if its encrypted, and nobody knows its there, because they might try to force you to reveal your password. It's not the pickpocketing thats the big danger but the extortionists robbers. Or the government trying to tax the last bit out of your pocket. Everything goes to government eventually. |
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As for me there is no future in paper money,cause you can`t keep $10k in you pocket.But with btc,you won`t have any troubles.
One hundred years ago, you could not keep $100 in your pocket. Today, you can easily keep $1k in your pocket. In 10 years, you can keep $10 in your pocket easily. Bitcoin is futuristic, You can keep numerious bitcoin in your pocket. It beats all the currencies. |
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How big is the size of the certificate. If it is too big, it will bloat the block chain. Can they use other block chain service established for this purpose?
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I really uses it  . I use bitcoin for about 1/3 of my purchases in general but was able to live almost exclusively on it for over a month winter. 1% is high proportion. You are lucky in such a country. |
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Bitcoin will be regulated whether we like it or not. It is difficult to regulate our addresses and bitcoin wallets, it will be easy to regulate our bitcoin spending: when we buy physical goods from website, when we exchange for other crypto or fiat. Governments can force us to declare bitcoin ownership on our tax returns. I believe it is better to interact with regulators, to educate them that bitcoin is not an "evil" technology.
Yeah that worked splendidly well with Lawsky heh  And no, government will never force me to declare and report whatever amount of Bitcoin I possess. It is none of their business. If the government treat bitcoin as money or property, you have to declare it. |
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Does Cryptsy still refuse to pay every customer? |
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Is there any real use of NXT? Can we purchase goods with it?
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Early adopters use bitcoin. I hold and use bitcoin.
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