What do you guys think will happen to the price after the next halving?
It will have to double, for the coin to stay alive. No, it does not need to double, but it will go up, probably with a slight lag after the halving to account for diminished supply. Also, those, who see it, have already started buying, so the price is edging upwards. Well, at 500 Block reward, the profitability floats around 100%. If reward halves, and price does not double, profitability will float around 50%, and noone will mine it. So, the price HAS to double, for the coin to stay alive. This isn't complicated. What happened when the block split from 1000? It wasn't on an exchange, when that happened In other words, people were mining prior to an exchange? With a higher reward rate? And continued to mine in greater abundance after the halving? Hm. |
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What do you guys think will happen to the price after the next halving?
It will have to double, for the coin to stay alive. No, it does not need to double, but it will go up, probably with a slight lag after the halving to account for diminished supply. Also, those, who see it, have already started buying, so the price is edging upwards. Well, at 500 Block reward, the profitability floats around 100%. If reward halves, and price does not double, profitability will float around 50%, and noone will mine it. So, the price HAS to double, for the coin to stay alive. This isn't complicated. What happened when the block split from 1000? |
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I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.
Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.
Isn't it based on or in fiat? If so, it doesn't change the underlying issue. The masses don't care about the "underlying issue". they care about Prada, george zimmerman and pictures of their brunch And bitcoiners dont' have to care about "the masses". Even if it remains a niche, it will continue to grow dramatically. If we don't care about the masses then the value of bitcoin stems from one of 2 things IMHO. a. Financial safe haven- this will require some sort of "mass" recognition, even if its just from a fraction of the financial industry b. greater fool theory- there is nothing here, and you are just ridding the bubble up cause you are a relative early adopter The masses are happy holding depreciating IOU notes, do you see them fleeing to safe havens? Wealth will flow to BTC as the market comes to understand BTC is the neo safe haven amongst else. |
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I've been saying this for a while. Venmo is the most viable, but there are many other mobile payment providers coming onto the scene. This should have been expected, though.
Interface is much better than Paypal. It's quite intuitive and fits the "social networking" niche far better than bitcoin could ever dream. Regardless of anything else, laymen will understand and be willing to use Venmo much more easily than bitcoin.
Isn't it based on or in fiat? If so, it doesn't change the underlying issue. |
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I think venmo is the biggest threat to bitcoin. If money over IP becomes prevalent without the need for bitcoin/cryptocurrencies, than the only benefit they really offer is for ideologist/criminals/economic reasons. But a lot of the added utility that we emphasize will disappear. And I ask myself, why don't we have that kiiler app yet?
Maybe we have all been fooled, maybe bitcoin will never go mainstream by the average joe that doesn't own gold and has his money run by a financial manager.
I was an Über-bull, but the realization that i see my friends using venmo, and not even close to understanding bitcoin, just made me extremely bearish
I've never even heard of the service, but here I am on a BTC forum. |
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Man are you insane? Sure you can print as much money as you want but such money does not even have the value the of paper and ink they are made of. Have a look at Zimbabwe, that's most recent event of how incredibly stupid your idea is and how it ends.
Unlike Zimbabwe the US can print a lot more money per unit GDP because it has the reserve currency. No one in the world had Z$ as a long-term store of foreign exchange, or Zimbabwean treasury bonds in an investment portfolio. Eventually however, Fed money printing will cause dollar repatriation back to the US and massive local inflation there. This status only delays inevitably of economics as you say. It also contributes to the widespread misunderstanding as to whether or not the USD is fallible. |
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...If they just destroy those bonds, then government will get 40 billion dollar free money to spend each month. I don't see any problem with this. ...
Umm... There will be massive inflation. It's a zero sum game. You don't *really* think that printing more paper bills actually generates more wealth (ie, better living standards) for humanity, do you? You just get more money chasing the same goods/services, so people start to competitively bid up prices for things and the overall price level rises. In theory, that has no effect on anything; people would make more money and spend exactly the same amount more money. In practice, it triggers massive friction in the form of ever rising prices (because people fear prices for goods they buy will rise, thus they preemptively raise the prices of the goods they sell, etc...), to the point where it's difficult for business to function because the price level is moving too fast. Because of money's universal equivalence property, money itself IS wealth. Are you sure that when you lost money, you did not lose any wealth? Economy books always say that money is not wealth, but how come the wealth was destroyed in financial crisis while none of the houses/cars/goods/services were destroyed? And there is cantillon effect, those who first receive the newly created money have to spend it to cause inflation. If he carefully select his spending target (or even move them oversea), the real inflation on the end of the chain might take years to happen, or not happen at all. The result is that more and more money accumulated at the top of the chain, creating huge gap between rich people and poor people The "wealth" destroyed was perceived paper wealth and not real wealth. It is a correction due tof unny fiat money fabrications. |
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I realize my major error now. The indexed USD prices confused me is all! |
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I'd like to pay in BTC, is that an option anywhere? It doesn't appear to be.
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What is the public address so we can take a look at what is happening.
Im new to bit coin.. since there seems to be an issue in the transfer is there no risk in giving out the address number? No. If you look at the address the coins are sitting on, from afar one can deduce if they have moved or if it is simply an error local to you. Talking about a receiving address, something you might post to receive coins (IE no harm can come of it, sans having it "public" on a forum). But if it isn't -the- address the coins are on, this kind of analysis isn't relevant. |
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What makes you think this is the "spark"?
If you look at large conflicts historically, many small conflicts run up to the larger conflict. I'd say we've met that bar for many years. If anything, this is a run away train that's shootings sparks every which way at this point.
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I'd say try the two primary methods:
A) Mining. The default method.
B) Purchasing. Method for those (these days) without the financial capacity to mine, as the cost of entry has risen substantially in the past year.
Unfortunately, the generous days of free coinage just for having a pulse here is long gone.
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brb making Platinumcoin and diamondcoin, they will be worth even more.
You'll need it to mine my Obsidiancoin. Hah. |
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Hilary Clinton is likely i think
Maybe I was a bit cryptic in the thread title. My point is that if Obama attacks Syria without congressional approval then he is guilty of an impeachable offense. An offense which, if successfully prosecuted - as Joe Biden says should happen because he says: "I know this stuff", then Biden becomes the 45th president before the next election. You're saying it's a plot? Because we've got plenty of things we could impeach him on constitutionally. |
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 Do you think SilkRoad volume is increasing and this has an effect on price? This isn't a result of the Silk Road. This is a result of the US Government. |
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with current difficulty I'm ready to pay no more then 1.5BTC for Jala
That's how I'm feeling.. on a generous day.. People seem to want 6-900 dollars... are people buying them at that rate? Also, as far as eBaying things like ASIC goes.. is there risk like with bitcoin? I assume not since it is physical and ships? |
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Hilary Clinton is likely i think
If you want more tyranny, go ahead and cast the ballot. Rand or bust. |
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Unfortunately as difficulty increases my hash power wouldn't generate enough BTC to pay that off in 1 month with weekly payments. If the only offers I had was a 1 month loan, then I would be buying a small amount of BTC at the end of the month to pay the remaining BTC off. The main reason why I'm looking for the loan is to keep the amount of cash movement out of and into my bank account at a minimum.
Sorry, not much I can do. Not enough interest vs risk over time. |
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Sorry, I am leaving first thing in the morning so I won't be able to ship until I get back, and I'm not going to ask anyone to leave their BTC tied up with me for days. I will be back Tuesday.
So point it at my pool and escrow til you ship.. Nevertheless, I won't bother you. |
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