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ok so how long to wait for deposits?
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@Jimmy2011: I've already sent you 2M Nxt, please confirm.
@Bizz: sorry for the delay, I am catching the blockchain, send you 720K Nxt in 30 mins.
PS: somebody has sent me 0.9995 btc, who is that? I didn't arrange any more sell?! ah it is qbd1313, dude you should have paid the btc tx fee yourself. Okay I ll send you 1M in about 30min.
To this date I've sold more than 16M Nxt (actually 17M after sending for qbd1313), more than 35% of my Nxt capital, to the prices ranging from 0.6 to 1BTC. Here to inform that 1M Nxt=1 BTC price is closed!
where did you get your millions of NXT from? |
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how do you get coins?  You need to buy or be gifted your first coins. I'd throw you a few, if I could get Nxt to work, but at the moment... It isn't working. but people already have x million who giften them what the rate of generation? |
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how are nxt coins made???
how do some people have million if its all by transactions
was there a pre-mine/instamine/very quick start mine or similar
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how do you get coins? |
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how do I fix this
10: Java.IO.EOFException
NXT stopped
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my 0.001 btc is worth $10, long term hold confirmed.
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Power usage of the whole network, it grows depending on the Bitcoin price.
Who pays for this power usage?
Peercoin solves this issue By replacing mining with proof-of-stake, only the votes of the wealthy nodes count. I don't know about you, but I don't like to keep a lot of funds on a public mining node. you dont have too keep all your funds there How do you prove your stake without a private key? if you have 100 coins, 10 on the mint address, 90 on a non mining address. |
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I have noticed a lot of recent alts have a minimum 1 coin per block in the long run, and also PeerCoin always had the 1% generation.
this may be a happy medium.....though for BTC to fork to this now would bring it all down like a house of cars as the story is $21 million ever.
Thus BTC may bootstrap another alt into supremacy, or in 75 years then it may fork to 1 coin per block
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at some point some speculator may see the 7500 BTC as worth more than the rubbish tip and acquire the whole thing, then make a systematic search
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Some thoughts.......
From the beginning to now, money came into the bitcoin system from mostly poor people who could only put down a few thousands at most. This "new" money is the reason why we have had crashes. People invest 1k and realize that their 1k had turn into 10k, 100k, or more, indeed a life changing sum for most early adopters, this causes a large amount of BTC wealth to be transfer to the "old money" individuals.
This "old money" is from the fiat-rich folks who will still buy in at 5k, 10k, 50k, per coin, mostly as a storage of wealth. I predict that after the 5k range and beyond, the "old money" effect will kick in and stabilize the prices. Wealthy investors would not invest all their millions in bitcoin but, I am guessing, that they would keep their money in bitcoins longer, not having the life changing urge to sellout like the early, mostly broke, adopters, thus ultimately stabilizing the prices.
Any input on this idea would be great, thanks.
I certainly hope your theory is correct. after 10K wealthy investors would give way to funds management, which will take you to the 1Million+ mark easily though after 100K you would also see sovereign nations forced to hold BTC or loose serious political power, so they would help take it to 1 Million mark as well. I don't think anyone on here has really taken that nations will need to hold a percentage of crypto's, at that point cryptos are being supported by the tax base o |
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actually no
if you were watching TerraCoin did, 3000% , 30x in about 4 days.
it went from 0.00005 to 0.0015
You're talking price, we're talking market cap. Two different things. um didn't see the words market cap in there, just price rise...anyhow I hold no TRC....nor will I buy any |
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actually no
if you were watching TerraCoin did, 3000% , 30x in about 4 days.
it went from 0.00005 to 0.0015
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Power usage of the whole network, it grows depending on the Bitcoin price.
Who pays for this power usage?
Peercoin solves this issue By replacing mining with proof-of-stake, only the votes of the wealthy nodes count. I don't know about you, but I don't like to keep a lot of funds on a public mining node. you dont have too keep all your funds there |
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The biggest problem there is the amount of taxes you would have to pay if you took out $1 million.
realize your gains in capital gains tax free jurisdiction What's your recommended jurisdiction? It depends on where you are from. If you are a yankee you can never get out, unless you relinquish your citizenship. That's more common than it used to be but still a pretty big decision for most. You can keep the cap gains down to 15% if you stay in a poverty earned income bracket for the year you withdraw/monetize the btc. You can live pretty good in Belize on a poverty income for that year, so I recommend that jurisdiction. I recommend that jurisdiction for pretty much everything though. Because it rocks. If you want to void your citizenship (and are a yankee currently), Singapore has favorable tax laws, as does Switzerland. This might be the best strategic route though- http://business.financialpost.com/2013/03/11/puerto-ricos-no-capital-gains-tax-luring-wealthy-americans/Let us know how it goes, maybe see you in Belize... new zealand |
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If we consider all the elements of the physical world. There are 100 of them (about as many as the alts) yet one, gold, accounts for 90% of their recoverable aggregate value, and silver is 90% of the rest. Perhaps the litecoin advocates were right after all...  unlike physical elements, which required nuclear bombardment with protons to change one to another....and even then its not really practically possible... "alts" can be made into something more useful or have some innovation, with just a stroke of the code that may make it better then BTC of course BTC can counter evolve. Alts have taken btc away from btc holders and so done the supposedly impossible, "cracked the private key on the blockchain" by putting the necessary "hack" before the BTC holder to get the BTC |
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I haven't seen a store that takes it, and everyone I talk to thinks it's "risky" (which I don't agree with).
It is incredibly risky. The price of Bitcoin could crash to near zero at any moment and it's far from certain that it would necessarily recover. I think Bitcoins are a pretty good investment (though now is a particularly dangerous time to buy) but to deny that it's very, very risky is madness. bitcoin itself is risky, but cryptos as the new workable class of money. No. The idea is out, its not going back. If bitocin finished tomorrow, another crypto would soon be out to takes its place, and stronger/better, or bitocin can fork to overcome issues. never before has money supply been able to be unpgraded all at once |
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The only flaw to this logic is the alts, as they stand now the represent at least 10% of BTC market cap, think about this from 0 - 10 % and its only going to grow as alts can be more efficiently mined and then trade for btc as btc holders are selling.
I think what may curb btc growth are the alts as there will be more an more released....as we have seen.
eg I can only own say 50 BTC but I could own 1 BTC by trading say thousands of PPC, so now I own 51 BTC conversely the btc holders can buy my PPC, in summation there are 50 extra BTC
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