No one will bother to gain 51%. The argument is simple. the 51% is the self-destruct button. They destroy the bitcoin system and they destroy themselves. Why sink the ship when they are onboard the ship?
Don't be so sure. What if someone gains 51% of the hash-power and steals all the top-100 wallets. Only a few dozen users are robbed, but 5 million coins will now be held by the attacker. Selectively conducting transactions and reverses will not cause the death of Bitcoin. |
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Right now GHash is just 19% away (They already owns 32% of the total hashing power). Making me nervous.
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Then their makers have failed in most instances. It takes a lot of external variables to ensure a GSW (or multiple GSWs to the same person) is fatal.
What is the percentage chance that a person has for surviving, if he is hit in the head? 5%? 10%? or maximum 20%. So you can't say that they have failed completely. |
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Those who have used online bank transfers to buy BTCs will now be in trouble. But still, I don't know how far they will go. There are tens of thousands of people who posses Bitcoins in India.
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while i don't hate the guy, it's hard to call him anything but foolish. He wasn't foolish. Definitely not. However I'll agree that he was somewhat overconfident. He miscalculated or perhaps underestimated the powers of the FBI. |
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well the funny thing is that government has bought up much of the ammunition reserves.. they might be privy to what may happen in the near future.
Also, if a need arises they can seize the ammunition factories and increase the production. I am wondering why the Bitmunitions site is not working...  |
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Thank you kindly for reminding me that I, after all, am no more than a bug or a worm.
Wait, something is not quite right there...
I don't care what you are. If you want to build a dam, buy a few acres of land near your house and build one. Don't destroy the entire planet for your greed. |
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There are two critical flaws in Bitcoin which doom it.
1. Transaction fees are not zero and mining of new coins does not sustain mining perpetually.
2. Mining is not CPU-only (along with botnet resistant) so that it is widespread and available to everyone.
Actually there is a third flaw with lack of strong anonymity, which dooms it as well to takeover by taxation authorities.
1. This will be a serious concern in the future, when the value of BTC rises. 2. Don't see much problem with this 3. If you use TOR and a BTC mixer, it will be very hard for the tax authorities to trace you. |
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According to the poll, there are 4 CIA agents who have voted.
BTW... is there a BTC id to where we can send our donations to support him?
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Seriously? My addiction is serious The humor is obvious!
Oh god! I can't understand anything. Please stop playing tricks and care to explain what all this means. |
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3. After it's up and running i'll look into getting a few thousand ipos released on havelock.
lol.... I do have an account in Havelock. Your IPO can become the next Apple. I will spend 10% of my BTC holdings to purchase them.  BTW... have you decided on a name? |
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So someone already predicts that Obamacare will ruin the economy of the US. I think we'll face another recession scenario, similar to the one in 2008-09, once the full effects of Obamacare are known.
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More places where you don't pay capital gains tax on bitcoin?
I would like to see a list:
1. Slovenia
2.
3.
4.
5.
6.
7.
8.
9.
I think in Switzerland there is no Cap Gains on Bitcoin profits. However, there is a wealth tax. |
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Most of the coins were moved in to this wallet on October 24 and October 25, probably by the FBI. Ullbricht was arrested several weeks earlier. |
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Who gives you the right to your attitude and beliefs being superior to those of others?
And who gives the right to destroy the planet, for which every living organism is having an equal right? |
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First wave - sub $1 (laggards = "Why didn't I buy under a penny?!"
Second wave - sub $32 (laggards = "Why didn't I buy under $1?!"
Third wave - sub $266 (laggards = "Why didn't I buy when it broke $32?!")
Fourth wave, where we are now - sub ~$1200 (laggards = "Bitcoins ruined my life")
It'll be rather: First wave - sub $1,000 - We're the billionaires!Second wave - sub $10,000 - We're the super richThird Wave - sub $100,000 - We're rich!Fourth Wave - sub $1,000,000 - Why didn't I buy under $100,000? |
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There are a few flawed design aspects of BTC that I feel will become increasingly evident as the currency's usage continues to proliferate. Surprisingly, only a handful of alt-coins even attempt at addressing some of these, most notably the 51% issue and matters of inflation. There are others.
51% attack is a serious concern. But I don't think that the Inflation / deflation aspect will not affect the viability of the BTC. |
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People with good experience here will never use PP to either buy or sell BTC. But I have seen quite a few threads here from the noobs asking where they can buy the coins for PP / CC.
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A very broad blanket statement as many firearms are specifically made for target use only. My $.02.  Many of them can be converted to a lethal one, if some one with enough technical knowledge puts in a few hours of effort. |
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The only chance for any of these altcoins to become as successful as the BTC, is if the BTC dies off due to some currently undiscovered technical bug.
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