so I noticed the other day, your site said something about transfer limit had been reach with your bank?

what is this limit?

If a data base is developed that contains the addresses that are valid, this may cause the following effects.

[1] approved Banks , financial institutions, credit issuers, lenders will issue addresses that will be included in the database.

[2] Companies, vendors shops etc will only accept BTC from addresses in that data base

a result of [1] & [2] makes any coins on other addresses worthless. End of game unless

[3] the free market is more efficient than this, doubtful as the black market is not that big vs legal market, taxation is used as the enforce the laws.

[4] zero coin or similar is introduced that makes bitcoin untraceable.


>> [4] has to be done fast. Sooner than later or worthless coins incoming. If there is enough momentum behind the untraceable solution, then that's it.

I hope I am wrong

I have wondered for some time with the price of btc going up how safe it is to leave any amount on an exchange. the target thatis getting painted on btc-e just gets bigger to be hacked one way or another.

I have been most impressed with BTC-e technical stability, however this last event shows even if  a genuine mistake   there must be some serious procedural issues going on.

have to agree with this.

i agree...its pretty crazzy....the higher is goes the more force it exerts on making people use it or miss out on that business, it says to companies here is x billion market cap on the table, that can be sent around infinitely, do you want some of this business? Do want to store some wealth to the consumer?

Every other financial instrument exists with the boundaries of state FIAT currency, bitcoin is competing at with the FIAT currency level. 99.99999% of current economists and traders do not comprehend this fact, and the fact that  no one ever made money trading shares etc, they just swap around and existing amount of fiat money and change its velocity.

at cap out point though it should be stable or steady state, eg it will reach a natural market percentage and that it, at that point it may be very hard to influence the price that much because there wont be enough entities left with free cash/resources that are prepared to do this.

very few dr's do that, thats why radiologist get paid so much there are hardly any. So its not going to have much of an effect.

Further Dr's refuse to give results out results (and the law back them) unless you coem and see them, it take time to go through the implications of the results and then plan and continue.

I think there are way around this but it will be the omni healer 9000 where you just get in and it can fix 90% of stuff.

and no, see what would the insensitive for the doctor to work faster, and it still takes about 15 minutes for a person to describe symptoms, basic checks and order tests, then come back again for results.

The data extraction human patient can not made faster, what your going to talk 1000 times faster. Sure a biometric chip/band think may help a bit but its still going to take that time

the whole law I believe states this is true until it isn't, eg hyperinlation of the debase currency, and it's back to gold (i'm not a gold bug by the way)

I have always wondered this in the bitcoin world, how do you get the supplier to perform?

eg I buy laptop online send btc he does not perform. This seem to be a disturbingly regular event for online service such as wallets and exchanges that just have their btc disappear.

I suppose trusted escrow will be the new "banks" until that escrow runs off or is hacked.

the money just isn't in the manufacturing economy that people fera for blue collar automation jobs.

See the glut of cars we can produce versus need?

also the actuators of the robots is no where near what we need to do many tasks.

as to

"IBM Watson will definitely shrink number of doctors"

no that profession will get laws passed that the human is the one has the license to practice, and they are free to use the computer, so they will remain highly paid and employed just have much easier jobs.

as to wealth generally, it is in the land and house/infrastructure.

This guy understands very little of tech of money creation

"make moneys rather than to become money"

no one makes money except of a central bank, due to stateist controls, and arguably now bitcoin miners.

further tech does not work that way, it can ealiy be adapted and evolve, and the evolved from takes over the market or a new form.

This works 2 ways eg BTC could absorp in inovation in a way say the aircraft company would struggle to.

It's hard to think or many first movers, retaining the lead in any field, if I am wrong through a few at me.

more people have been through the 250 to 50 drop and seen the 32 to 2 (was it?) drop.

It was sorta written of both times by all the people that "know" economic institutions/ smart professors and media  as the end, and yet is has defied them and come back.

This makes people more battle hardened and inured to price collapsed. Last high 250, you just hold if take profit later if you really wanted to.

if it went to $2...i would buy that like there was no tomorrow.

If so heading for the correction, I am so tempted to sell and buy back my but am on long term perma hold...I can't bring myself to do it...

Are we in parabolic territory?

also why is this spike closer to the last one, than the last one was to the one before that bitcoin speeding up would be one possible inference

well that went off topic

I took parabolic to mean it looks roughly parabolic on a log chart

yeah ok, my error,

the ECDSA scheme that is used, and if it can be reverse engineered makeing all coins remaining in a address that has spent coins, able to be acquired.

The loss of confidence by itself would be very damaging.

Is there any way to replace this with a more secure mathematical scheme?

I think Satoshi may become the worlds first trillionaire...in some time.....

I hear whispers that ECDSA is crackable....is there any way to change this part of the encryption scheme/codebase to something more secure?

the problem here is everyone has now seen it go from ATH to 50 ish and almost back, 32 to 2? ish and back....its sort of becoming oh well I purchased at ATH, and its going to 1K, 10K 100K whatever so who cares at this point, buying now is still good.

Then there is everybody waiting to pounce on $150, and imagine the buy as $100 or sub that now.....its sorta setting a floor, but it was just 2 - 3 months ago it was $75 - $85 if memory serves....