What just happened? It's called continuous positive mainstream news syndrome or PMS:  If PMS keeps happening, someone gonna get their hearts ripped out... |
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Would you agree or not? Bitcoin Only Needs Two YearsHmmmm... I respect the guy yeah.. But I do not know where his information came from. 2 years might be a little bold.. Maybe give it 3-5 years. I am still having doubt about that. What do you think? Why does he have to say that? To make us hope? I just wish he is right. No, he doesn't say this to make us hope this or that. He says this, because he knows. He's involved with alot of different projects and works behinds the scenes with several of these startup and tech companies, so he knows what kind of money and investing is being thrown around (hundreds of millions of dollars). He knows what kind of talent and geniuses are working at these firms to greenlight these projects. It's not just dumb rhethoric and blowing smoke up everyone's ass. There's more money and development being poured into Bitcoin related projects now, then there ever was at the year 6 marker for the Internet in the early 1990's... |
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Often enough fairly well-to-do ones at least. I love how the Meme jpg unintentionally misspells it with an "I" instead of "Y" to take on a whole new meaning.... Or is it intentional?? |
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If you're involved at all in Crypto and believe in Bitcoin, you have to buy it and continue buying it.
Now, I'm not saying put your whole life savings into it, but buy a little bit each month at least.
If the price spikes up, then buy a little amount of it, just to keep adding to your stash.
If the price dives down, then buy a whole lot of it, to accumulate alot for cheap.
Bitcoin's volatile as hell, that's just what it do. It's like sailing on a little raft in a huge ocean, there's not enough support, and not enough crew to stabilize the price swings. Once we get to a point that Bitcoin's like an Ocean Liner, you won't be disappointed...
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From the Bitcoin Wiki: https://en.bitcoin.it/wiki/FAQ#But_if_no_more_coins_are_generated.2C_what_happens_when_Bitcoins_are_lost.3F_Won.27t_that_be_a_problem.3FBut if no more coins are generated, what happens when Bitcoins are lost? Won't that be a problem?
Because of the law of supply and demand, when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases. This is a deflationary economic model. As the average transaction size reduces, transactions will probably be denominated in sub-units of a bitcoin such as millibitcoins ("Millies") or microbitcoins ("Mikes").
The Bitcoin protocol uses a base unit of one hundred-millionth of a Bitcoin ("a Satoshi"), but unused bits are available in the protocol fields that could be used to denote even smaller subdivisions. That should answer your question. I get this and I'm TOTALLY in favor of it. However, a scenario where a large percentage is lost all at once - would that not disrupt the economy? All of a sudden product prices should move down because the Bitcoins are worth more. I get over time the value will compensate - but what about all at once? What if we're stupid enough to trust a 3rd party to hold coins (for whatever reason) and then they vanish all at once. What happens to the economy in a situation like this? Lost is lost, my brother. Whether lost due to operator error, negligence, incompetence, etc...if it's out of circulation and can't be retrieved, it'll be considered "lost". If it's lost, see the answer again in blue above. |
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You can reuse the same BTC address as many times as you wish, I do it for several I own. It's convenient.
The only reason you don't use only 1 is then a random person can just look up that address on Blockchain.info and see your remaining wallet balance. If you juggle several wallet addresses instead of just 1, it shouldn't be a problem though.
Lastly and most importantly...any would be hacker/attacker would need to access your private keys, so if you secure these correctly, then nothing to worry.
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Dogecoin v Everything. Bitcoin wins.
bitcoin does not win everything. The only reason Bitcoin is on top is because it has been around since 2009 and so much news and people beginning to adopt it and use. In time their will be another coin that takes over BTC due to many factors from security services and features that BTC does not provide compared to a lot of alt coins. So far BTC has been good but theirs plenty of other alts out their that will soon over take BTC. One to keep an eye on is Burstcoin and also Doge. Doge is good but again has its moments the same as Burst does and I find that burst is way under priced and is gradually creping up the ladder on the market cap website. How could Doge ever replace Bitcoin? Isn't it just a scrypt coin clone that been struggling so much it was added as a sidecoin to litecoin? Might well be a clone however some clones work well but indeed it does struggle at times but it holds its value and does not dip down much maybe a few satoshi here and their but not as much as BTC spikes. You're not seriously trying to pump up Doge are you? I mean I might excuse you if said Ripple or Ethereum or Darkcoin because at least there's a value and some development and investment involved, but Doge?  Isn't it like worth a hundredth of a penny and like miniscule market cap? What projects or developments are even happening in Dogecoin? I can't even.... |
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LOL I love these poll questions and answers...always entertaining one way or another!   |
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Andreas always brings the heat...never fails to give clear, concise answers, that an average person can understand.
I liked the Canadian Senate one better, because he has more back and forth and really goes off the cuff. Here he's reading off a script in the beginning, which for those not familiar with his appearances and talks, maybe seen as a turnoff. He does indeed read off a script in the Canadian Senate inquiry, but since he's present and sitting amongst the Canadian senators, it's more natural. He comes off a little more stiffer over video conferencing.
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Just to give an example of how profitable a Signature campaign can be, here's the most recent payout from Bit-X for February:  Over 20 BTC paid out or $5500 to all Sig holders just for doing what they normally do... |
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(And soul?)
Apple is one of those Ginger children(no offense to Gingers, I love you guys) who devour your soul and make you buy every overpriced simplified product they create. I'm not looking for an argument with you Apple fanboysWhat you talking about, I used Apple products and services everyday! I don't see anything wrong with being like everyone else...  |
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You couldn't pay me to click on that link, 1 post 1 activity scammer!   |
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I like this chart better.   Shows the most recent trend, lots of green! I like where we're headed...  |
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Currently the best "free method" for receiving BTC is probably Signature Campaigns. That and begging. I hate f#cking beggars... That said, if you're a good content creator, you can get paid in BTC using ChangeTip: https://www.changetip.com/Make some kick ass Youtube videos and get paid doing it. |
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Yea you want to know the true mining success stories out there? It's the people selling the pick axes:     Though each of these guys and their companies are for the most part reputable, they're truly the minority that's benefitting from the mining scene. |
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The era of seedy unregulated, unsupervised offshore Exchange operators maybe coming to a close soon:  Centralized, I know I know, but on the other hand the exchange operator will never up and leave for the Cayman Islands with your Bitcoin... |
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From the Bitcoin Wiki: https://en.bitcoin.it/wiki/FAQ#But_if_no_more_coins_are_generated.2C_what_happens_when_Bitcoins_are_lost.3F_Won.27t_that_be_a_problem.3FBut if no more coins are generated, what happens when Bitcoins are lost? Won't that be a problem?
Because of the law of supply and demand, when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item decreases. This is a deflationary economic model. As the average transaction size reduces, transactions will probably be denominated in sub-units of a bitcoin such as millibitcoins ("Millies") or microbitcoins ("Mikes").
The Bitcoin protocol uses a base unit of one hundred-millionth of a Bitcoin ("a Satoshi"), but unused bits are available in the protocol fields that could be used to denote even smaller subdivisions. That should answer your question. |
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im using an philippine exchange company and im comfortable on their service  Which one? Coins.ph or BuyBitcoin.ph? Just want to know out of curiousity, to see what people from around the globe are using. |
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