I checked out coinoUSD on poloniex but it seems they have a huge spread there and no volume. So they are useless for me.

Bitshares 1 seems to be run on poloniex, will they update on version 2 soon??

TetherUSD is used on plo directly but the orderbooks are too thin to exchange really there. And i don't see a full relation to the US-Dollar.

I wonder if bitshares 2 are really better and bitusd? Where do they trade best and what is the insurance on bitusd that they can back the value and don't run with the backing?

At the moment it looks to me like only nubits have the low enough spread and good enough filled orderbooks to use it. Though not really in times of crashes or fast rising prices.

I'm always impressed how non big blockers can say with a straight face that there is no problem leaving everything at 1 Megabyt blocks.

Let's say blocks are half full now. What happens when legit transactions are constantly, on average, 150% of 1MB? It would mean that 33% of all valid transactions will never confirm. Can you imagine a currency where 33% of all transactions never confirm and that currency had somehow a chance to survive?

And fee market... you realize that if constantly many legit transactions are waived, then the fees will rise constantly too. There would simply be no end because even if everyone raises their fee, still 33% can't get confirmed. What would happen? 33% of all users who use bitcoin would drop bitcoin. Surely that would be a great day for adoption.

Sounds interesting and i hear the first time of that. But i did not find any info about. Do you have a link about it?

If the space could be used better then we could safe bandwith and discspace, only the cpu would be used more then.

Then when will it be changed? Most developers act like never. They speak of a needed fee market, as if we need to safe the poor hungry miners who don't earn enough.

And if i'm not wrongly remember, at the last price rush of bitcoin we could see full blocks for some time. Legit transactions did not confirm. Surely not the best experience for new users.

Exactly. I'm so very disappointed in our developers, it's really hefty. They act like politicians that work hiddenly for some bank or insurance company because they know their job later is secured. Like corrupt politicians. Really a pain to see such unworthy behaviour in a community that started with such high ideals. But i guess money really corrupts.

Why do you think the security of the network will be killed when there is no fee market? You realize that the network is 100 times more secure than needed? And that means that the reward for mining is way too high at the moment.

Besides that... it doesn't really matter if the reward is as high as now or only 10% of that. It ALWAYS would mean centralization since corporate organisations will scale up their operations. And small miners are not lucrative anymore since ages. It doesn't matter how high the reward is, the centralization will go on regardless. I'm wondering why satoshi foresaw this and did not think it is a bad thing.

Regarding Nodes... who says that nodes have to work in millisecond areas? Why should bigger blocks mean centralization at all? Harddiscspace? It's dirt cheap. Internet bandwith? Is growing nearly exponentially in most countries. So as long as you don't live in developing countries or in the landside of the US ( ) then you should be fine. In no way it could mean centralization like you seem to vision it.

And only because you think Bitcoin is a currency that should not be used to pay for a coffee doesn't mean that is the vision normal bitcoiners has. In fact you should look around you, microtransactions are one big hit of bitcoin. You surely won't find many fans with the idea of waiving that.

And why should it? Bitcoin should replace bank money. If you can't use bitcoin for the everyday life then it's usefullness is so very much limited that it would turn out to be some black money coin only at the end. The use cases for legit transactions would simply very limited.

Satoshi never mentioned a vision of bitcoin being a currency for the rich. If bitcoin really would turn out to be a high amount transfer system then this would mean only some people can use it. And because of the nature of bitcoin those people would be not seldom those who want to do bad things with money. Bitcoins fame would turn way more negative. Simply because the normal use cases of money does not really exist anymore. The couple of people that would use it for legit things could be counted on one hand. And the rest? Would use an altcoin. And surely not the controversy lightning network. Way too many "great" altcoins tried that.

Thanks everyone for the nice reviews.

Just for information, i came back from hospital on friday, still a bit weak, guess being in hospital drains your bodies efficiency. Though i'm confident that this will be better fast since i feel already better than yesterday.

Thanks for the good wishes. Surgery went fine and i hope my life gets better now, in fact i pretty sure of it.

Well, i don't fear the news so much. I heard alot of good news in the last time. For example huge financial times explaining bitcoins. Not the blockchain, bitcoin. Even newspapers for woman in their middle life.

I think the fame of bitcoin is rising drastically. And the bad news are not so very important it seems. People forget, people will think they were simply not informed enough. Heard rumours only and now they read an article in the newspaper.

I don't fear the bad news so much. Especially the banks interest in the blockchain gives bitcoin a big boost. I mean if banks are interested then IT HAS TO BE important.

And banks invest in the blockchain because they think it's the future, then newspapers write about and banks thinks it has to be the future when newspapers write about... circle of fame for cryptocurrencies.

Sent 0.4025 Bitcoin though i see price drops already again. Guess when i start sending more, when i'm done i have to send again more. Crazy price development at the moment.

But i sent you a small tip now.

When i need something like that again i will surely remember you. Mr. Fast Acting Exchanger.

I thought so first too but clam is more of a coin pegged to bitcoin. The clam price does not care about the fiat price of bitcoins, only the amount of bitcoins are of interest. So when you hold clams and the bitcoin price drops then you will lose value. Since normally clams don't react on the change in bitcoinprice.

I only can assume that no one exploits these changes. Normally it should look like an arbitrage possibility but it might be the volume is too low to exploit it.

Of course there are other altcoins that clearly correlate invers with the bitcoin fiat price. Not perfect but good enough to see it.

Edit: I would have hold clams longer if this connection would not have been. If you hold clams, they remain at the same value in bitcoins, but the bitcoin price drops, then you lose. So you always have to keep 2 currencies in view.

Thanks for sending. I will send you the coins as fast as possible and make up for waiting time when the bitcoin price gets worse in the meanwhile.

I like your fast handling. I first asked shdvb first, because i dealt with him 2 times before but he was slow and acted strange. Didn't want to click the link and did not react on my pm explaining about what privnote is. Only on me requesting he claimed that he doesn't want to deal. Lost some days with that.

So thanks for your quick dealing.

You target the average joe. I'm wondering what the average joe would drive to use bitcoin. I guess his local dealer wants bitcoins, he heard of the darknet, he has to pay a ransom or so. Since normally bitcoin is geek money and only geeks get in fire when hearing about it. And since the usecases for average joe are very limited i think it is hard to catch him. Probably the use cases are the way to catch them, how the product is named might be second then.

At the end, with Bitcoin we have a pretty perfect name already. It sounds like internet money. We would not need to advertise the crypto aspect.

I think we should be a bit more self-conscious. Yes, it might be somewhat geeky but it can become cool. Think about all the computer tech. It is not geeky since a long time anymore, it became cool once the normal people realized it's usefullness. I think staying strong might be the best way to make bitcoin something cool everyone wants to use.

Bitcoin itself already seems to be a cool word, crypto currency is something that doesn't have to be branded so much but even then, encryption, so being safe from others, government and so on is cool, it has some strenght.

So i think it's not a big problem.

Yes, the payment was on cryptostocks. It was a compromise, better a div than no div at all.

With NXT, i don't know if the issuer will do it. We put a lot of work into it but it seems he did not go through at the end. In any case you need to set the option in cryptostocks so that all shareholders emails are known and can be contacted.

I thought, if he has trouble with NXT then maybe direct shares would be better for him. But for that we would need to know the shareholders too.

Hopefully cryptostocks is back soon since it seems at least 2 shareholders only now found out about the recent div.

If you don't manage to set it up on your hosting then there are free cron job websites on the internet. They simply request the url(s) you specify in the timeframes you specify. Works like normal cron jobs.

I'm not sure if this would mean any privacy issues since they know your url.

Only a headsup.

Hi, i need 150€ or the equivalent in USD sent to a paypal address. Let me know if you can do that. I would send you the address via privnote, a pastebin you can only read once, in order to protect my privacy.

I found some small bugs in the portable version.

I can not change the language. Regardless what i try.

I can not import private keys. There are only sweep and export options. And sweep sounds like a highly dangerous option.

I'm not sure but i believe the satoshi per kb option was set back by upgrading. I first thought it is an automatic calculation depending on net load that raised the fee but it is only satoshi per kb? Not sure yet.

But it is relevant for those who demand we would need to keep 1MB blocks so that the fees for transactions rise and the miners get a higher pay. There simply is no need for a higher pay. There is a need for dropping outdated hardware only. When we can't manipulate the bitcoin price only because we want to adjust the miner fee then the amount of coins they get is the only way to adjust the total value they get.

Nothing more i said.

The reward for miners is coming from the amount of bitcoins they receive and the value the bitcoins have. It is not possible for us to manipulate the value of bitcoins we give to miners, so that we might lower or raise their reward. The only way to make mining more or less lucrative would be to lower or raise the amount of bitcoins they receive. That's why i said we don't have much influence on the reward for miners. Of course they are normal player in the markets.

Nah, humans wouldn't explode. They are no eggs that have such a hard shell that the sudden pressure inside needs to crash it and the egg explodes. My brother ones had the great idea to make his breakfast egg in the microwave. He had fun cleaning it for some while.

But i think that there exist a lot of movies already that had this topic. A search on videosites might show the impressions film makers had of it. But i imagine they tried to sell exploding humans too.