The reason why bitcoin has value is because there are people like us who determine its value. Ask yourself how much are you willing to pay for that amount of btc. The value is our level of acceptance which is giving it value

Even if it crashes, not sure if people would actually fled towards bitcoin, but would rather go for gold just like in the past.

I'm not against nor am i going support the change but if we consider carefully, certain items like for instance electrical appliances have warranty period that extends up to 6 months.

Not sure how i would compare between one android wallet program to another but the safest thing to do is probably transfer enough/small amount of btc from your cold wallet to your phone.

Then use other block explorer. You don't really think that if blockchain.info fails or the owner forgot to renew the domain, it's going to cause bitcoin to fail as well? It just extracts info from our blockchain and presenting in a nice format to see. Nothing beyond that unless you are telling me you are keeping all your coins there

The thing is that if you create an altcoin that resembles everything that bitcoin has or even better, from name, coin specs, that altcoin will still fail. Bitcoin is there and is currently there by virtue because it is the first. And if bitcoin fails, no other altcoin will ever reach the level bitcoin has gained. People will lose confidence in crypto *completely* and that is that.

The question on whether bitcoin will fail remains to be answered. 4 years back they say it was going to fail but it didn't. The signs are there, the vulnerability is there, the word decentralization makes no sense, however that doesn't mean that it is going to fail and flop completely tomorrow. We'll just have to see...

I just told them look how cool i have these numbers call bitcoin which you can keep in your phone. And you can buy just about anything errr... almost anything. And it's worth something like like 800 bucks per coin. And you can get it in faucets for free...

That's the exact same word my buddy told me and got me hooked on to bitcoin

Yes unfortunately that's the reality. The bloated blockchain remains a problem. It took me a week plus to finish sync on my slow network and i wonder with most lite wallet nowadays, it doesn't become a requirement anymore or give an incentive for people to maintain a node.

For me I'm fine with the term bits, xbt, mbtc, ubtc, whichever as long as the other guy understands it. I know there won't be a one voice consensus here because everybody will have their own opinion

With all the ongoing discussion, there is only one thing clear for me. As long as mining is controlled only by the big miners, there is no such thing as what you refer to as decentralization.

Looks like specifically it is talking about goldcoin. What is this doing here in the bitcoin discussion thread

Then it will defeat the purpose of anonymity. If you are worried about wrong typo leading to the fund going to different address then by all means always scan with a qr code. I usually get the recipient to screen capture the qr code and send to me to avoid mistakes in large fund transfer

Not sure what you are trying to say but my guess is to summarize it countries are again increasing their gold holdings and other precious metals. So how does that relate to bitcoin? Good or bad?

I remember seeing one before called multicoin tipping app but never tried or use any of those. Can't tell if that works though. Also I don't spend a lot of times in facebook these days

Trading depends on how you go about doing it can earn you a lot of btc. The trend nowadays is to find newly launched altcoins and buy it when price is still low. Look for coins spec that offer new tech and innovation. Might be lucky if you catch a dump but overall is also risky as you might end up a bagholder

Once you understand the concept and protocol on how it works, you will automatically develop the interest. And the more you learn, you will realize it is a clever idea which can address a lot of issues with fiat.

Well it's ironic that i was reading through the topic talking about standardization with ISO. Adoption of bits will align with this requirement. Maybe that is what Gavin saw or trying to relate to

Depends on how you want to go about doing it. If were for me i would set up a counter with a large qr code displayed there and the customer can just scan to initiate payment. From here you can always leave open the screen showing your blockchain page and from there track individual transaction. That's the least of your problem though. There are other issues.

For me the issue of adoption comes first. Not sure about others but maybe we can just reach a consensus later part. So if i understand correctly, if follow the ISO standard 1 btc will essentially mean 1 000 000 XBT. I don't see an issue here as most people are holding a fraction of a complete coin so the number actually doesn't sound too big

This type of incident only cast a bad name for bitcoin. Although it is not bitcoin's fault in any way, indirectly it takes away the confidence of people who invested money in it. This is especially more damaging for newcomers who have getting started.