Bitcoin difficulty is just getting silly.
Good news. Stronger network. |
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Stuff that. Keep coins yourself, in your own wallet.
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Anyway, the Bytecoin network is so weak that you only need ~40GH/s to 51% attack it. Why anyone would ever bother to 51% attack Bytecoin escapes me, though.
Exactly. It's very worthlessness protects it from attack. |
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What do folks think? i'm just watching it and it wondering if it might actually take off.
Why not just use Bitcoin? Bytecoin started as an April fools joke. |
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That's crazy, so an address that the private key is publicly known for has a balance of 0.0764025 that's stuck by the logjam of people trying to claim it?
Yes. |
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RS just loves a sock puppet. Brings back fond memories of the Solidcoin days.
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Hello, I'm still here.
stop. Okay, I lied. It's really 'Dank'. |
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Well they are foolish. It undermines Bitcoins security and privacy model. If a QC ever breakers ECDSA those who don't reuse addresses will have the last laugh.
If you make your vanity address too obvious or public then yes you are correct. Otherwise it is just as much a guessing game as to whose address is whose. I'm guessing D&T was talking about reusing an address once outputs have been spent. The public key is then revealed. Only ECDSA has to be cracked then. If an address has no spent outputs the public key is unknown because it is hashed twice. SHA256 then RIPEMD160. All three RIPEMD160, SHA256 and ECDSA have to be cracked to get private key then, making it more secure. Most vanity addresses I assume are reused, thus weaker. |
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Stores only take one currency.
Most shops accept Eastern Caribbean Dollars and US dollars in St. Lucia. I presume they still do, I haven't been in ten years. |
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The difficulty increases every 2160 blocks solved, it currently is about 10 days .
Bitcoin will steadily increase in value as it becomes recognised and used .
Bitcoin could possibly drop to zero if a major flaw is uncovered .
In the long term prices are set to rise but the risk is that the this is still experimental and has the potential to drop to zero in an instant ,as adoption grows this gets less experimental and gains trust then there is also a potential of a similar price rise that has been seen over the initial four years ,example :-
year 2009 --value $0
year 2013 --value $140 ish .
year 2017 --value $280 ish .
The next country to do a Cyprus could could skyrocket bitcoin to $1000 very quickly .
If a major foodstore adopted bitcoin bitcoin value could skyrocket .
The bitcoin market cap is currently 1% of overall fiat .
Every percentage increase of cap will raise the value of bitcoin and reflect a growing trust and adoption.
I feel personally that miners selling there bitcoins could be stifling price .
With the current massive increases in difficulty you need an every increasing mining hashrate to produce bitcoin .
just adding to your very nice analysis - porn industry is starting to look into bitcoin a lot so this could make it very very interesting Porn is a massive market alone, If this happens ,bitcoin value rises, more see mining as viable option it all balanced again lol. The major downside to porn adopting bitcoin is that it will leave me a lot less bitcoin to spend  Do people still pay for porn then? |
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Anybody else feel that alt coins just distract from the BTC economy and cause a lack of focus on further development?
+1 The real money is in creating Bitcoin services. More untapped wealth there than mining any altcoins. |
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Yeah, buy the coins if you want some.
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Top largest addresses maybe? Been done before.
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Bitcoin Testnet difficulty is 494. *cough* *cough*. Just saying.
Still think they are going to be worth something I guess? |
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Good investment I can see.
Problem is you can't take the shares off the exchange, so you have to trust the exchange with your asset. Which I don't.
Not for me thanks.
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i am worried about mt gox.
Worried? You mean your trying to withdraw flat I guess. |
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Everyone should be using p2pool.
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Can I be on your bad list as well? Please. Pretty please. Pretty please with a cherry on top?
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Best Share: 102M
2 weeks ago, that would have been a block. Now it isn't. SMH.
Yeah I see what you mean. But the block header would of been different, so you probably wouldn't of found that share. |
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