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This is unusual to have a crypto media source that does not have excuses in the back pocket to explain BTC crash (exactly crash, not up) events that are certainly going to happen. I always thought the media already knows who will be the scapegoat. Price dropped. However, this sort of thing could be a fore taste of things to come. Market manipulations happen. Nowadays you can trade BTC on a leveraged basis. This give people that hold a lot of BTC a huge amount of power. They have enough BTC to move the market any time they want.
So what they can do, for example, is open a “short” position on a leveraged BTC exchange, then DUMP a load of BTC on to the market. Their dump forces the price of BTC down. They “win” their short bet, and (if they so desire) can slowly buy back their BTC at a cheaper price. They can even increase their holding. Remember, the trade is leveraged, which means that they can get 10x or even (in some cases) 100x the percentage move. So if the % move was 2%, they can get a 20% return, or even a 200% return, which can be an incentive for people to play dirty. If you look at a 4 year logarithmic chart you’ll see that the huge bull runs are almost perfectly 8 months apart
Price highs and lows run in a well defined sequence. We are now upon the next 8 month increment also the previous huge bull runs were preceded by unusually long periods of price stability in similar triangle patterns. All of this would lead you to believe the price will go into another huge bull run till the end of a year.
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Deflation is bad because of hoarding. Why should I spend money on any luxuries today when tomorrow I could buy more of them? We're already seeing this play out with a massive part of the bitcoin market (over 80% of bitcoins and 14 of the 22 million users don't use them on a once a month or more basis). The massive deflation of the currency incentivizes people to keep it for as long as humanly possible without ever spending it. Find a way for bitcoin to have an annual inflation level of 1-3%, and then it might actually have a chance, because only then will it actually be on par with national currencies in terms of how beneficial it is for the economy.
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extent of manipulation
supply<->price reliability
publicity/engaging with ideas
liquidity of exchanges
lack of vulnerability to a 51% attack
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i remember the story of cryptoruch.in i've managed to cashout all of my coin there through DOGE and ECC (they couldn't allow you withdraw BTC Undecided) never use CR again..
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It's a poor solution that comes way too late. AuxPoW does not fix any of the problems inherent to PoW, meaning that this will not be the last hard fork. And of course it should have been implemented months ago (it was first suggested at the start of April), instead of keeping needless (damaging!) uncertainty going for all this time.
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Amazing, sounds really great! The only thing I don't understand is why you have chosen bter instead of poloniex to conduct the IPO. Using bter would increase multigateway volume and avoid a too big total volume; this way shares wouldn't be that diluted and small fishes wouldn't be eliminated.
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I'm not able to sync the latest wallet (stuck ~70k): where I can find some peers? Thanks.
nowhere dev should add some more seed nodes to get clients pinged |
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When should Nxt community expect a Status Report for NXT integration on GoCoin payment processing platform and where are the Cointropolis crew and what is the combined marketing plan with regards to GoCoin and Nxt?
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Inept code monkeys mucking up the system
When I was into SL, I was making some decent money (real usd once converted), and it's not unlike selling anywhere online, even here. Competitors trying to undercut, copying what you designed/built, but staying ahead of the trends,.
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Its probably weird to mention but why would you invest money in replacing the whole blade in your current hardware if current target shipping date is the end of Q4 2014? This means that at very best it will be delivered till January/later December assuming that it doesn't slip by a few months, which has happened so many times with ASICs that it hardly bears mention at this point
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If bitcoin was a fiat, then it would be outlawed, period. But it's not, and so it will not be outlawed or treated as such, unless the some company itself engages in currency trading of some kind. But on the other hand given that recently (in the past years) dollar has had an inflation rate of around 2 percent, more and more influential persons try to persuade government to use/approve Bitcoin as an alternative to inflationary fiat currency. So that bitcoin (or candidates that would replace it on the technological basis in near future) is a deflationary currency because demand for bitcoin is rising as evidenced by the skyrocketing velocity. So even though the supply is growing, it is not excessive because velocity is growing so much faster. Actually, the supply of bitcoin should've grown faster during this period, but it is not programmed to do that.
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My guess is that this would compromise both BTC adopters and gaming industry especially because ESEA officially admitted that they were using customer's hardware to mine bitcoins without their knowledge. Also some ESEA users say that the unannounced activity overheated their graphics cards, damaging them in the process. I think this can badly affect well known promo bitcoin merchant services
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I suspect someone started downloading the full blockchain off my full node. Unfortunately, the effect was that my computer came to a screeching halt: moving the mouse and the pressing keys on my keyboard had absolutely no effect for several minutes. When I regained use of my computer, I looked in the Task Manager and bitcoin-qt was using the most RAM, and a fair amount of processing power was being used as well. I turned off bitcoin-qt and the problem went away; anecdotally, I'd say that's reason to believe that running the bitcoin-qt client was causing the problem.
So a little bit about my specs, both internet and computer: I'm using an internet connection of 25 Mbps down / 1.5 Mbps up - reasonable download speed (unfortunately I don't live in an area where gigabit internet is available), but not much on the upload front. My computer has 5 GB of RAM, 250 GB of hard drive space, and a 3 Ghz processor speed. The only part of my computer itself that I feel is underpowered is the RAM, I plan on eventually upgrading to 20 GB RAM, but haven't gotten around to it yet.
So here's my question: is there something about the way the bitcoin client is built that causes my computer to freeze up when people start to download the blockchain from me? Or is this just a case of me not having enough upload bandwidth to handle someone downloading a full node from me? I'd love to be able to support the network by running the bitcoin-qt client regularly, but this is starting to happen semi-regularly as bitcoin becomes more popular and I don't feel like my computer is THAT underpowered.
If you're using the default directory, delete all the stuff in your /users/<name>/appdata/roaming/bitcoin folder make a new bitcoin.conf file. After blockchain is done downloading, change maxconnections, also change listen to 1 (if you want), and maybe you need to change keypool to make a majority of addresses you probably wont need to have your wallet bloating |
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There are lots of properties by which one can evaluate a hash function, but the most important are preimage resistance (if I give you a hash, can you find an input with that hash value?), second preimage resistance (if I give you a message, can you find another that hashes to the same value?) and collision resistance (can you find two messages with the same hash?). Of those, the third appears to be much harder to meet than the first two, based on historical results against hash functions. |
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Yeah. And u can really tell when lots of trading happens. Btc payouts seem to be around 0.00005-0.0001btc every 6 hours. Will need to add up all the other payout amounts soon, maybe so a few small trades...
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Considering the current altcoin market is filled with a bunch of different offerings it seems to be the only way to make money. its also supposed to be good money from what i can tell as rental prices seem to almost double when a well promoted coin with a good standing is about to launch.
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People sense that many governments / politicians are going to fight the new economy, and people think this or that kind of anonymity will be useful http://abcnews.go.com/Business/story?id=7168919 but who knows. Ultimately it will be like every abrupt change in society, the smart vs the rich, or the stupid vs the poor. |
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When is the next episode? C2 tv?
Very soon! 
COIN2 has a online wallet. Sign up and test it now!
http://coin2online.com/wallet/yup i've been sold mine two months ago (just not sure this time online wallet helps to get back at very least half of its value) |
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this looks awesome, will get pumped so hard when more become aware that there is a tight dev team around. despite being "hot" on c-cex but i do think we need more, do a marketing campain to get on bittrex/mp/cryptsy to really get volume id say. i would say because people are skeptical in all new things and think they know everything, and every time they encounter with some new and innovating topics, also they like to see trendy features although they won't really use it in common practice esp when cinni and nxt encrypted messaging looks a little embarrassed |
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