When you spend from a brainwallet, you must spend ALL your funds. The difference goes into the fee.

Too bad for him.... 20 BTC is 18,000 USD at today's rate. 

It is just 2 weeks old. So there should not be any major changes.


No. It is not the number of wallets. It is the number of people. 

Take a look:



29% of all the Bitcoins are owned by just 47 people!!!!!!!!!!!!!

That depends. From $25 to $1,000 depending on the quality. And much more if you get caught by the local police.

Hmm... so the parasite population was higher. No wonder that the USSR collapsed.

Russia, Ukraine, Moldovia and Belarus together accounted for 75% of the population. The Baltics were 3%. Kazakhstan (6%) can't be regarded as a parasite, as two-third of the population (back then) was either Russian or German.

The remaining are parasites, includes the Caucasus nations (5.5%) and Central Asia (11.5%). That is 17% or one-sixth of the population.

Ukraine produced much more grain and wheat per capita as compared to any other republic in the USSR. However, the agricultural sector collapsed there after the disintegration of the USSR, and that is why we are seeing lower wheat exports from Ukraine.

If I am the victim of a crime, then I don't need the law to take care of the accused. But in case of crimes against vulnerable people such as orphans and widows, we need the law to punish the perpetrators.

I have watched the transaction in BTC-E and Mt Gox. Trades over $10 K are not frequent, but also not that rare.

What will be the limit for that? I don't think that transactions of such volume occurs very frequently with Bitcoin exchanges.

At least the normal people will refrain from doing that, for the fear of law. And if someone breaks the law, in most cases the perpetrator will be punished.

But if there is no law, who will punish the criminals?

In an economical prospective, it might be better for Ukraine if it joins the Russian-led customs union.

That's the way the USSR worked. Russia and Ukraine together accounted for more than 90% of the total population (and 99% of the productive population). Russia had infinite natural resources, which were shipped to the factories in Ukraine, where the Ukrainian manpower produced world class engineering products. At that time, both Russia and Ukraine were inter-dependent on each other. Russia bartered its oil, gas, timber and mineral ores for food grains and meat produced in Ukraine, Belarus and Moldovia. Now Russia is a net importer of food, while Ukraine is heavily dependent on oil and gas imports.

The reason why the USSR disintegrated is because the unproductive population (mostly Muslims in Uzbekistan and Azerbaijan) increased much faster as compared to the productive population. However, if Russia and Ukraine creates an union state which excludes parasites such as Uzbekistan and Tajikistan, the people on both sides would benefit from it. 

If Ukraine joins the EU, the government will be forced to take up austerity measures. This can include reducing the subsidies and pensions. It will adversely affect the lower middle class and the poor. However, the elite and the urban middle class will gain from new business opportunities. Also, the Ukrainian factories will be forced to adhere to the European standards, which would require new investment worth some $200 billion. No one is having that much money there. So there is a possibility that if Ukraine joins the EU, the Arabs and the Chinese will buy up 90% of Ukraine.

The future price of LTC will be between 1% and 5% of the BTC price. So if BTC crosses the $1,000,000 mark by 2020, LTC will be placed somewhere in the $10,000 - $50,000 range.

I am still having my doubts. For example, the Barclays is having somewhere around 140,000 employees who work in regular shifts. How many of them might be needed to process BTC-related transactions? I don't think it will require more than a few dozen, even at peak time periods.

Looking at the current levels of volatility, how can you be sure that if you spend some 10 coins (worth $9,000) today you will be able to buy them back later at the same rate.

I don't think #2 will be a factor here, as normal fees are paid to the bank. However, # should be a concern, as other banks will use different kinds of pressure tactics to reverse this decision.

May be. But still it is far better than having someone breaking in to your home at will and butchering the residents.

Cosa Nostra gets more than 50% of their revenue from extortion. Most of the remaining comes from smuggling illegal immigrants, illegally dumping rubbish, and female trafficking.

Building artificial floating islands can be a risky business. What we'll do if something like this happens:

That is an excellent explanation. Normal people like me don't want to live in lawless societies. As far as I am concerned, I'll break the law only when it is absolutely necessary.

http://www.coindesk.com/barclays-bank-uk-bitcoin-exchange-bit121/

This is an interesting news. At least we have one bank in the UK which supports the BTC!

lol... this is the problem every single Bitcoiner is having. How much of our coins we should spend? And if we spend some, will we regret about it later when BTC climbs the 10K mark? So far I haven't spent even 1 mBTC from my stash.