The idea on investment is such that people can easily put their money in. They want to get as many investors as possible and mot many people are still into bitcoin, it's a fact whether you choose to accept it or not. And I see that becoming a reason why investment is still in dollars. If you accept only bitcoin and I have tons and tons of dollars to invest, do you really want to turn me away? that is a big question mark.

I think the main advantage which I see in this is that it will make gold and silver trading becomes easier. If that is possible, I bet it is going to explode bitcoin acceptance as it will get all the big player coming into it. Plus this way you will overall have less risk.

If I remember correctly you can use any site that belongs to you to get through the approval process. Main thing is that it must have a lot of content which you must constantly update with fresh one that is basically geared towards enhancing readers' experience. Try not to put any ads from other network at the moment and also concentrate on your link building. If I remember the TOS correctly, they don't allow adsense on gambling sites. Similar if you have ads network related to gambling.

To overcome that you can create different webpage for different ad networks. For example, home page is using adsense and other page is using bitcoin ads. Hope that helps

In reality, there is no such thing as perfect distribution model. Same goes in the fiat world. There are bound to be rich and poor people. I know you must be expressing your concern on those who got in early but early bitcoin adopters get the most share and the justification is similar like being the first to invest in IPO. People like you are me who got in later might not accumulate that much but at least we still consider ourselves lucky to get in early and we are able to purchase btc at current price (if you imagine that it might worth 10 times or more in the future).

As far as I know, CHF is fully backed by gold and since the central bank reiterated many times that they will stick to the fixed exchange rateat 1.2, it should remain at that level for very long time. However, having said that it will not increase, I don't see CHF is also going to drop anytime soon. Thus in a nutshell, the currency is pretty stable as the bank is doing whatever it can to maintain it at that level. Strong CHF is actually bad in the long run for the swiss economy.

On the choice whether to switch CHF to BTC. I will I'll stick to both. Would be pretty neutral over here.

Distribution of wealth does seem to be a problem right now. Whatever new btc from mining will have most of them ended up in the free market because miners will need to sell a portion to cover their overhead cost. Furthermore, with current difficulty that keeps on increasing, it's hard for a single node to grab all the btc, thus wealth distribution by right at this stage is not a major issue .

however, what became a problem was during the early day when even a conventional cpu is enough for mining. Today early adopters still hold on to substantial amount and to be fair, their decision can easily change the course of the market price movement.

Quote from: dabura667 on December 23, 2014, 01:54:30 AM
Just so you know, version 2.0 release should be accompanied by a proper Android version (that you will download from the Play store) that won't suck, so if you're patient, it will be worth it.

Any indication on when we should see version 2.0 being released? I just been to the electrum official website but there is no mention anywhere that tell the release date or the new enhancement feature on the latest version. Maybe a hint on what we can expect to see? Advanced security, more customization?

And I thought amex and mastercard are both into the same line of business. Just wondering, why they don't share the same opinion which mastercard had earlier about bitcoin grabbing their market share. Seems to embrace it on their end (amex).

Come on...all you need is faith. I always told myself, what is there to lose if I just hang on there much longer. I bought btc at higher price and with it's decline it's time to get more. I don't put all my money in bitcoin. Just a meager portion. But if you consider the meager portion to be worth 10 to 20 times its current price in the future, that is the best return of investment ever.

Probably his main objective of doing this is for him to grab bitcoin at much lower price. If he is offered 50btc at discounted price, would he have bought it in the first place? Those that say bitcoin is not useful is just trying to hide the truth. Let's say moving forward in 2015, what would be the future for btc price. 

Let me think hard. If a company or financial institution decides to issue bitcoin credit card, that entity will be entirely responsible in case there is a default in payment. If too many creditors ended up not paying, the company will go bankrupt. It will not have any impact at all towards bitcoin. Similar like money lending business

After having read through everything, it sounds more like an insider job carried out to artificially inflate the price of the coin. Somebody obviously ended up very rich from doing this.

But op do have a point. Imagine for another 5 years to come the bloated blockchain size would mean a lot of people would turn away from maintaining a node and use a lightweight wallet instead. Maybe input from those with deeper programming knowledge on what are the pros and cons especially what options do we have

I can see the attacking seems to gain a lot of attention. That is what they want in the first place... to gain traffic and readers  i bet bitcoin price goes up again and this time i just want to see what that guy has to say... bring it on 2015

The reality is that electricity is just one of the overhead cost. You haven't taken into account hardware depreciation or even breakdown including losses due to failure. With the current difficulty increasing, miners have no choice but to upgrade their hardware to maintain their operation and ensure that they continue to stay in business. And people eat too. Miners that maintain the hardware has to eat even if what they do is merely taking care of the machine. If the miner don't get at least $50 bucks a day, they might as well work on other jobs which pays even more. These are all the factors that need to take into consideration not just electricity

If I'm not mistaken, bitcoin price has hit $300 (well almost, +/-) for at least 3 times in the last 4 months and from this trend, I'm pretty sure $300 is the firm support level. That means if price were to go anything below that, bitcoiners will not hesitate to buy and grab all of it to push it up again. From your perspective or point of view, do you guys think it's going to happen again? and if this yo-yo price rebound does maintain, it's a good opportunity to make money from trading.

Ok since I see there is a pretty active discussion going here, I also have a question which I want to ask which relates to security.

Is this possible that when an attacker knows all the list of addresses that belong to the same seed, the attacker can actually find a way to decrypt or reverse engineered (assuming based on the predetermined sequence) and find out the 12-word seed. Let's give an example, everytime you spend you generate a change address. If you spend from the same wallet address repeatedly many times, you will end up with quite a number of change addresses which are all originating from the same seeds. Assuming an attacker finds out these addresses belongs to electrum from the same seed, using the combination of addresses will the guy be able to reverse engineer and decode the seed?

The problem i see with pos is that it discourages spending. If you notice most of the pos coin holders, they don't go about giving away tips. Same goes when it comes to spending. We need the coin to turn around which indirectly helps adoption rate. The idea will probably work for coins which has established itself with large userbase but definitely not for new coins.

Swipe and go. That will really make whole lot of difference in terms of retail acceptance. If possible give an assurance that transaction will go and finalized through with just one single confirmation

I don't mean to sound too dramatic but what difference would it make anyway? In doomsday scenario people will even be throwing away gold. In chaotic condition who would maintain btc network