Well, probably only poor suckers like you will get scared the hell out of you by some crazy ass dictators anyway, like those who sold me their coins at CNY 2000. Meanwhile huobi continues to be the largest exchange in terms of volume. |
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If they dump, that means they want to make money.
And if they want to make some money, why would they trust this money with a random foreign exchange?
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I guess it's sufficient to ban it for the masses. Smart individuals will arrange themselves with the system in China in a fortunate way.
The masses will lose their bitcoins anyway, like those who sold at CNY 2000. |
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美国政府机构自己进行BTC交易，那么这就是无可推脱的对BTC交易合法性的默认了。
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BTC对政府的威胁岂止是在货币发行上，是全方位的。
只不过，最终体制内那些不那么傻的，会提前跑到这边来，从内部攻陷堡垒。
现在回头看来，国内搞民运的啊，还有公知啥的啊，想挑战政权那都弱爆了，还是BTC冷冰冰的数学和利益靠谱。
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I wish them great success trying to ban me from selling $500 postcards  |
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Yup, like how they have banned VPN sales for years, worked out like a "charm", LOL
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Reminds me of the comment of one Chinese economist that PBOC calling Bitcoin not a currency is like McDonald saying KFC is not a fastfood shop.
That rampant HODL mentality is what made them consider bitcoin not be a currency but a speculative virtual commodity. People had been hodling gold since time immemorial yet it was beyond doubt a currency. |
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People keep talking about tulip mania like it's a bad thing, jeebus the mania gave birth to Netherland's tulip industry, which prospers to this day.
A bubble, or a mania, is an effective mean to get the prudent investors to open their pockets, and that's how fundamental breaking teches got their funding.
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Reminds me of the comment of one Chinese economist that PBOC calling Bitcoin not a currency is like McDonald saying KFC is not a fastfood shop.
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The devs can change the hashing protocol with a hard fork (if everyone accepts their new client of course,) but if they change from SHA 256 all the asic miners gonna be real pissed off because that would make their asics worthless over night because their asics cant do anything else, so there would be a lot of resistance.
Incorrect, to quote Gavin, mining would have been just fine had we used MD5. You can't just submit a block hash transformed from random data, the preimage must have deterministic data in it., that's one of the reasons why we use a blockchain rather than individual blocks. huh  , what exactly is incorrect, I basically said yes the devs can change the mining hashing algo, how is that incorrect ? Okay, maybe I didn't provide enough background about Gavin's words, MD5 is an already broken hashing algorithm, we wouldn't need to change the mining hash function even if it's broken, that was the point, because there is only a certain degree to which a hash function can be broken. https://en.bitcoin.it/wiki/Block_hashing_algorithm read it here, you can'tjust put random data in and create a hash meeting a certain difficulty target, the data that the hash is created from must contain lots of information which is contained in previous blocks and everyone has a full copy of the blockchain can verify, the wiggle room for a malicious miner is actually pretty limited. But double-spending could still happen by creating two transactions hashed to the same value, this could be tackled by not allowing random data in transactions. |
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The devs can change the hashing protocol with a hard fork (if everyone accepts their new client of course,) but if they change from SHA 256 all the asic miners gonna be real pissed off because that would make their asics worthless over night because their asics cant do anything else, so there would be a lot of resistance.
Incorrect, to quote Gavin, mining would have been just fine had we used MD5. You can't just submit a block hash transformed from random data, the preimage must have deterministic data in it., that's one of the reasons why we use a blockchain rather than individual blocks. |
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I want China in because it will fight U.S, tas long as the ultimate conspiracy that all the world's powers will unite against Bitcoin just because it's Bitcoin doesn't become a reality, the more rivalries we have in here, the better it's for the whole ecosystem.
It's called decentralization, and Bitcoin allows you to benefit from it regardless of your morality, belief, and entrenched interest, if you choose to play by its rules.
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What a run it has been. Let us not be satisfied and remember the message Satoshi sent us through the genesis block.  |
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These people don't understand. When I am forced to use something, especially when I am forced to pay heavily just to use it, of course I am going to expect a lot more from it and get a lot more picky. |
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It's easy to change the protocol, but it's not easy to have a robust network in the transition.
Way easier than inventing a real quantum computer itself. |
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QC is a fundamental, landscape-transforming technology, it's not just for cracking code, FYI. I would say it's absolutely worthwhile to invest in it, if it has any chance to become a reality.
That being said we should not be blindly superstitious about it, nothing is magic, cryptography is not a boxing match or football game, you are not going to beat a algorithm or a function overnight magically, it will be a long, tenuous process which should give people sufficient time to make transitions, if we do our due diligence.
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I don't know, but I would say even if Bitcoin really gets to $10000, at least 56% of the people out there will still believe it's a scam and it will crash to zero because it has no "intrinsic value".
Soon the value will show itself. Once large corporations start saving thousands of dollars, as well as time, sending business payments Internationally the intrinsic value for that one thing will sustain Bitcoin. I just read another article today which shows the intrinsic value for "digitizing trust" as it was put. http://www.coindesk.com/wall-street-analysts-bitcoin-revolutionise-non-financial-worldThe value of BTC is beyond what we can even see right now. Sure we are in a mostly speculative state, but it is an "educated" speculation. Most of us have valid reasons for investing as much as we have into it because we see beyond the price that it is right now and realize that there is huge potential in this. That said, the price will remain volatile for some time but I think "zero" is a bit exaggerated.  You misunderstood me. |
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I don't know, but I would say even if Bitcoin really gets to $10000, at least 56% of the people out there will still believe it's a scam and it will crash to zero because it has no "intrinsic value".
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