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I know where the price will be in 1 year, in the moon!1! ┗(°0°)┛
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Last time bitcoin hit $800+ there were still signature campaigns available, they just update their rates because of hyper deflation.
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I guess whoever did it has the cash, so it went exactly as planned...
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With this kind of volume it will not pop any time soon.
I hope we will see new all time highs before stabilizing.
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It's always exciting when this happens, media just follows the news, last time we saw bitcoin everywhere, I guess if this doesn't stop for a few months we will see the same again.
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That is pretty stupid, that doesn't from someone doing the exact same thing in the future, and what have they done when the ransom was in US dollars, gold or whatever currency they use in Taiwan?
Sometimes I think the people with power are the most stupid among us...
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If people don't have backups and really needs the encrypted data there's not much else to do, unless it's an old version and the keys are available paying the ransom is the only option.
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Gotta love extrapolation. And loop-the-loops.
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Don't get too excited, it's not the first time nor the second that the price hits 300, although volume seems bigger this time.
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As far as I know, that website and the entire network of websites related to that one are a scam, there are plenty of reliable websites around for that kind of stuff.
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Listen up, law-abiding citizen, what your honorable CIA-fellow and altcoin developer Gavin Andresen is doing for your safety: https://forum.bitcoin.com/bitcoin-discussion/announcing-the-blockchain-alliance-t1601.html#p3635There has always been a split among bitcoiners on how best to interact with regulators and law enforcement.
There is the "ignore them, they're illegitimate. Honey Badger don't care" side.
And there's the "engage them, educate them, show them the positive benefits to balance the negatives that are, otherwise, probably the only thing they see" side.
I still think engaging is the best strategy. Yes, there will be more failures like the BitLicense, but overall I think every positive interaction with law enforcement or regulators helps move opinions from "Bitcoin is Evil and must be eliminated" towards "Bitcoin is an innovative technology that should be allowed to grow."
And no, I don't think "we" will compromise the technology or our deeply held beliefs because we interact with "them."
At least, I know I won't. If you are worried that talking to the FBI about the latest version of CryptoLocker might corrupt your morals, then great-- nobody will twist your arm to participate. What a great idea and joyful day for all of us. As always Gavin is working hard to advance freedom on all fronts. Now stay calm and trust the authorities! ya.ya.yo! Is Gavin's post supposed to be bad? |
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Made a withdrawal request yesterday, less than 5 minutes later had my funds in the wallet, like always...
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I looked at the price for GHS on Bit-x and it is ridiculous.
The Bit-x maintenance fee is 679 satoshis/day. Currently 1 GH/s earns about 827 satoshis per day. That means 1 GH/s earns 148 satoshis/day.
1 GH/s currently costs 153k satoshis, which means that it will take almost 3 years to break even.
That is the main reason cloud mining went from good investment in the past to redundant service nowadays. After calculations there is no reason to invest in that anymore. Or maybe Bit-x has too high fees... The numbers should change when bitcoin price starts rising again. Maintenance fees are now just a too large part of the bitcoins earned. IF bitcoin would double, maintenance fees should not rise too much, potentially increasing your satoshi earned by about 6 times, making the break even point only 0.5 year. Not likely, when bitcoin value increases a lot of hash power enters the network, difficult increases immensely and you'll earn even less from mining. |
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That sucks big time, not only for private use but also for businesses, I work in IT, no Internet means I cannot do my job.
I always have cash for at least a month of normal spending, in case of something like this happen or I lose my cards, it's always better to be prepared...
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Well, if you don't know what a faucet is maybe you shouldn't invest in mining also.
You should learn a lot about bitcoin and everything about it's formal and informal economy before investing in mining.
Mining is a great way to lose money BTW.
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It already happened!http://www.coindesk.com/blockstream-commercial-sidechain-bitcoin-exchanges/Blockstream really needed to prevent BigBlocks - and successfully did. Now, there is greater need for their offering: side chains. Side chains which they control, and they charge fees to use. This is just the start. There will be many, many more features of 'advanced systems' pushed out of the core, pushed away from 'free', and controlled by profiteers. Why did everyone listen to Blockstream when they so vigorously fought 8MB? now everyone gets to pay them fees!!! With 8MB blocks, no extra fees! Bitcoin is fucked now. With 8mb blocks = less and less people can deal with nodes and aren't able to run their own nodes = Bitcoin is fucked. Sorry to burst your bubble but resources are limited, and a fee market seems like the only way to go about this unless you want to raise the block size until becomes centralized and only private organizations are able to afford nodes just like now only private organizations are doing mining. We can't afford centralizing mining and nodes, and Lightning Networks seems like the best approach thus far. It was intended to work like that from the beginning. You don't run your own email server, your own IRC server or your own bittorrent tracker and that doesn't mean they are centralized. Bitcoin development as been hijacked by a company and companies only serve themselves... |
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So, it's like a Havelock Investments but with some new shiny software?
Better stay away then...
Is Havelock still running ? Yes, it is. There's only one security that's actively traded, it's a difficulty derivative, all other securities turn out shit, like every security that has ever been created in bitcoinland. |
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So, it's like a Havelock Investments but with some new shiny software?
Better stay away then...
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It's all about the userbase, if bitcoin one day achieves as many users as facebook, one bitcoin might worth 1 million dollars.
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