I wasn't talking about bitcoin price, i was talking about Bitcoin network. The price could fluctuate, as always, but it also does recover, as always. While mining is not banned, exchanges and the use of bitcoin is, and as i recall, at that time the price also did fluctuate, but its long in the past... Bitcoin will continue without China, or any other country for that matter. And in reality, ban just make things harder, but doesn't disappear it completely. Unlike mining, you can still use bitcoin if you are careful. To hide mining is very hard unless you are also very small, perhaps a few asic miners but never those large facilities.

Also miners can always double as "self subsided" heaters.

You and Forbes are seriously misleading people here. I hope you reflect and change your thread title.

A quick skim at this article you bring, and here is the REAL content:


Just reading this alone within the article proves:

• Forbes is using a sensationalist header
• You are helping them reproduce the FUD

If you type "bitcoin" in google, chances are you are going to find countless scam and phishing sites. This has nothing to do with:

• Bitcoin
• QR codes
• Security regarding either

Please stop spreading this nonsense, and get to the facts, even if the media you pull the article from does not in the header, READ the content and extract the truth. This is NOT even "news", scammers and phishers have existed even before Bitcoin. And this is not a security warning, but a social one, as it still takes for someone to get convinced to go to one of these sites...

Just how you think most malware gets spread anyway? Most use bait like this...

This is just a mobile equivalent of the Windows copy/paste Bitcoin address swapping malware. So don't install it in the first place...

I don't know if this is legally allowed in the United States, but your comment certainly applies in Japan. Over there, large companies should start doing that, but those companies are too conservative even with a law backing it. Only the small, younger start ups and crypto related business enthusiasts have done it.

For most of the world, first they need to address the legality barrier, because the first thing the employer will say, is that its illegal to do so. If the State doesn't even acknowledge bitcoin formally, someone getting paid in that could claim they are not getting any payment at all and sue over slavery and whatnot.

So after you get the law and regulation in place, it comes the really hard part to convince the employers to do so. It means an extra complexity to their management, which they would hardly see any justification spending money to accommodate for that.

It definitely isn't related, but some people are playing the FUD game. Unlike you, i doubt Libra would ever challenge Bitcoin, or even the top altcoins, it is too flawed to succeed, even without government meddling.

The only good thing from this is that it is somehow bringing the cryptocoin discussion to the table, and minds of many people. And some are even asking, why is Bitcoin good and Libra bad? Ie. one is allowed while the other doesn't? Then its your perfect chance to explain why.

Bitcoin is free (as in freedom), while Libra isn't. This dip, this fluctuation, is reasserting you and everyone that yes, Bitcoin is and remains free, and that is good. Market forces will stabilize, if you are in doubt, zoom out and see the whole picture! The best price is what the market says, just give it time its fluctuations are natural. And take the chance, when its cheap to invest, then hold and relax.

If you are American, you have zero reason to use Libra over the USD anyway, but Bitcoin is a whole different matter, in the long run it preserves your purchasing power, while Libra doesn't, because its pegged to tokens pegged to fiat made unlimited by governments, while Bitcoin is limited by code to 21M.

Deflation is good but the Chicago boys won't tell you, they like everyone in debt and bubbles that pop rather than a stable steady rock growing economy backed in real savings rather than vapor money. Just read the Austrians...

They don't even need to buy Bitpay, they can use Btcpay and do the exact same thing themselves. But, as you correctly point, it is about power and data mining. This coin is too similar to State controlled fiat currency, including the promise of being stable, and the promise of being backed with an indeterminate amount of tokens, which in turn also promise to be stable, and also promise to be backed in a indeterminate amount of fiat, which is also under a promise of being stable, and sometimes also promise to be backed in metals or other coins.

Let me tell you something about these promises. The Venezuelan bolivar was "pegged" to the USD at around 1600 bolivars per USD, in 2004. It was also promised that this would put an end to inflation, and stricter control on the market would put an end to the evil (American) speculators, which are the root of all that is against socialism, sovereignty and whatnot. Typical socialist rhetoric, which doesn't believe in a free market, but a "controlled" one.

We are in 2019, that mindset remained, but here is the result: 1 USD is the equivalent to 2 000 000 000 000 of those bolivares (and counting).

I hope you guys can spot the meaning of "stable" coins, they are only stable as long as whoever "controls" them, keep their promise.

I'd rather have a fully free fluctuating coin, that we know have limited production and is destined to keep its value over time, as opposed to fiat currencies that are "promised" to lose value but "slowly", because, deflation is evil, and only debt moves the economy...

Backed on a promise, of a promise of a promise? I'd rather use something backed by code. That's the difference, don't trust Zuckerberg or anyone for that matter, not even Satoshi, just look at the code, see what it does and what is meant to do. This is what makes Bitcoin valuable, and Libra worthless.

Its good that they support it, but its much better if they understand it. Do any of these have an account here? Because that would send the required message. If none even bothered to open an account on this very forum (Satoshi's) then it leaves a lot to be desired. This forum is very special, don't you ever forget who made it. Even altcoin creators know they cannot attain any community respect without an official announcement thread here.

So when a politicians claims to know and support Bitcoin, ask them what is their account in Bitcointalk, so we can check his/her messages, and then we know if they are serious or simply opportunists.

They already have, its called the blockchain, and wallet signature. If you want them to track you, you simply tell them which ones belong to you.

Contrary to your misbeliefs, Bitcoin is rather poor for "money laundering", as it leaves more traces; and if you voluntarily reveal it, they have complete info about your transactions.

If anything, its is people's misconceptions (such as yours) that prevents Bitcoin from achieving even more success. But the time for sensationalist media fud will fade with time, as more and more people use it and debunk those myths.

If they shutdown all the mining farms, the network will have slow transactions for a while, depending where it is at the regular 2016 block difficulty adjusts, which usually takes about two weeks. When the diff adjusts, everything is back to normal, so no Bitcoin doesn't really mind, its been designed around that.

Shutting down exchanges and farms, of course affects the people involved, they are losing their source of income. But on a global scale, it matters little. Again Bitcoin doesn't care if there are a 100 miners or a 100 million miners, and certainly doesn't care if exchanges exist at all. This is an out of Bitcoin thing that is convenient for non miner people wanting to acquire bitcoin with the only kind of money they have: fiat. If they somehow got altcoins, they can dex p2p exchange those for bitcoin, without the need for centralized exchanges anywhere.

To answer OP question: What happens? Not much really. Just a temporary slowdown of transactions, that's it. It has happened before...

Valuable science here. It does tell us something about Bitmain's PSU quality, this is the same PSU that was suspected to fry when fed 250v as well isn't?

The Chinese have this habit of taking shortcuts and getting the cheapest thing that works, and most tests are done against their current, which is 230v@50hz. I doubt anyone there bothered to test "what if" the psu is fed with 120v@60hz... No protection?, not even a fuse?

IIRC these psus deliver 20v rather than 12v (except the controller?)

That psu can probably be repaired, but of course not everyone has the ability to do so. Still, what a lousy psu design Bitmain did here. Would be interesting to test what voltages the thing was outputting under these conditions, if it didn't burn't up in the process...


Also, label your plugs silly. A marker or sticker suffices. No wonder your electrical code demands physically different prongs for different voltages, but that's overkill, its like that fable about the Nasa space pen vs the Russian pencil. Maybe its something cultural, just throw more money at things: Just replace all your receptacle plugs, and cut/replace all those power wire plugs to use the correct American 240v prong, waste of time and money, but would potentially save you a burnt psu because you didn't bother to mark with a 50¢ marker...

Mars surface has obvious signs, that once upon a time, had oceans and its frozen poles are still visible today. Perhaps it was livable many hundreds of thousands of years ago, perhaps by the same time Earth was an inhospitable hell of molten lava and poisonous gases. Something "unknown" happened, that got rid of that planet atmosphere, or maybe it was always thin, and its seems to have lost its protective magnetic layer as well, in any case everything dried up.

But it seems to me, that at some point in the history of this "Solar" system, it was Mars and not Earth the habitable planet.

Thing is, cosmic history is so vast and wide compared to the minuscule existence of human life. How could we possible ever know? A little has been found by looking real far, deep into space in all directions. After all, what you observe from here, is already far in the past over there... But eventually you reach what they call "big bang" for lack of a better term. And then we cannot see further, doesn't mean there wasn't actually anything before...

We are so insignificant it is a miracle we still exist, but for how long? Many space faring races might have come and gone before they had the chance to interact with any other, due to the sheer distances involved, and time relativity.

To quote a fellow Vulcan: "Fascinating".

I'm sure i will land there someday, at least i got my Kerbal Space Program experience :3

Jokes aside, the official page clearly says "by 2024". This probably makes use of their new capsule, if not one of the private ones. It also mentions getting ready to go Mars in 2028, lets hope all these plans survive administration change, which tend to cut short anything Nasa tries.

I would rephrase your question, Who will land a human on the Moon next?. I think the Chinese also are planning a manned mission after their chang'e probes success landings and beautiful photographs.

Now someone tell the Israelis to stop polluting the Moon, get their probes properly brake in time...

For science.

Yes but you don't have a Quantum Computer. There is a time transition period, the first Quantum Computers will be very few and owned only by large governmental or private organizations, until technology advances to the point it could reach the masses (become Personal Quantum Computers). By then, i expect everyone would be using quantum crypto. But until then Quantum Computing will remain institutional, in the hands of few, just like classic computers were until the 70ies.

Bitcoin has proposal mitigations, its been kinda set aside "for now", but core developers should consider implementing those before it becomes obvious they are needed, or it would be too late by then.

Also, as i have tried to explain before, any such advancements made within the USA can be ordered silent. Since its still early they (may) have not acted, but a time will come when you hear no more news, then the likes of the NSA will have complete clear text like access to all encrypted communications, as if we were back in the early 90ies. Later, the other even more oppressive regimes will as well... Given the way things are in this world, most likely China will get it (from America) and keep quiet as well, except suddenly their State repression becomes more efficient there as well.

As i am guessing, Google and IBM are just probably fighting over State contracts, they both will probably be hired, and ordered to shut up (gag order) by National Security. That's the riskier period, and you won't see it coming, that's the whole point...

Sounds like that. The bottom is uncertain, but i don't think all the whales will be able to return back fast enough, but that sure would make the price spike. Some traders are making lots of money, but be aware that in the long run Bitcoin will keep preserving value over infinite fiat currencies.

Trading is risky, and the people losing is like 9 to 1. If instead, you decide to buy, once you do just relax and wait a few years, you will see how solid bitcoin really is. If you don't have the patience or discipline for this, then perhaps this is not for you.

No matter how wild the price might fluctuate at some point, the historic trend will prevail. Zoom out and take a look at the whole picture, not 1 year or so.

I doubt it will go "to the moon", but an uptrend is expected prior to the halving, which is only a few months away...

Yes, both more people know more about Bitcoin, and bitcoin production is rapidly decreasing, as per design. Most of the coins that will ever be are already in the market, and new ones are only going to come out more and more slowly; mining will be reduced dramatically over the next years because of that. Depending on how steep the price rises, this might be delayed somewhat (as 2016 did), but it won't ever remain constant, every passing day makes large mining less profitable, and more risky.

Nothing, this is a presumptuous statement. Libra means nothing, its going to fail, its seriously flawed by design.

First you have fiat, and everyone here knows how fiat is a time bomb, the very reason Bitcoin exists is to get rid of it. Then, you have tokens, that are "pegged" to fiat, this of course depends on the goodwill of the people running those token, and they use fractional reserve too, so its even worse than fiat. And then you get this... "Libra", pegged to those tokens... I mean, seriously, how could you not see it?

Just be aware of this: The more BTC goes down, the more dramatic its recovery will be. After all, halving is coming...

I don't do much. Its their loss, not mine. They chose to remain ignorant, let them be. Sensationalist media loves drama and they love to scandal just to increase views. You could try telling them they are wrong, but its a waste of time. Try once if you want, i wouldn't bother much afterwards.

That said i trust Bitcoin, but not most of the other altcoins. Some have actually been pure scam (Paycoin anyone?) so its not like that's a lie, at least if you use "cryptocurrency" instead of Bitcoin, involving, altcoins.

"Hackers" target anything online, including your everyday fiat currency. Usually the banks do their homework and secure their systems, but most users won't, so they go for the weakest link. Bitcoin usage in crime is the same or less than for all money related activities. I say less, because there have been studies that show that criminals still prefer traditional fiat currency. it is a known fact that Bitcoin can leave more traces than fiat when used inappropriately. The blockchain is public, after all...

But, don't fall for the buzzword. Talk Bitcoin, not blockchain. A blockchain is no guarantee of safety, it is but a part of a machine, and it can be very unsafe when not paired with the other parts such ample widespread decentralization. You CAN have a blockchain live in a single private computer, but that would make a poor database replacement. Blockchain does not magically mean much, it is the whole thing brought with Bitcoin.

This is true and i made one with Electrum, unfortunately it isn't exactly "easy", unlike the "pick legacy" suggestion above.

Thankfully, almost nothing seems to demand an old style address anymore, there is just one pool of a certain stubborn person that still doesn't, but that's about it.

It should very rare by now to require a legacy address, it is good that most wallets already default to create native segwit addresses. There could be some outdated online systems that still don't recognize native segwit address as valid, and only for those, i made the transitional legacy (bip39) one, but it hasn't seen transactions in nearly a year.

Booming? Traki and some obscure travel agency in the border doesn't count as "booming", we all depend on Localbitcoins and you know it. Don't type nonsense. And the Dash people only wasted their time, nobody uses it. What i DO see everyday, is American USD banknotes changing hands, and several shops in big malls etc listing prices in USD, not Bitcoin.

The problem with Dogecoin is that it can be confused with the actual doge meme the coin is inspired from. Also, the one responsible for that sponsorship, turned out to be a shameful scammer, that got money from people expecting a return of investment in crypto ATMs, and later a couple of failed exchanges.

At least with the football sponsors, one was a Sports betting site, and now an Exchange, that's much more better. Its is nice to have the public imprinted with the BTC logo, so next time they see it, will feel familiar to it.

You have to read a lot, but at least you found the right place. I'll give you a hint: stick to Bitcoin and don't mess with anything else, if you decide to buy some bitcoins, make sure you get familiar with everything before investing a large sum, play with very small amounts, learn to make a wallet, an offline cold wallet, etc. Its been discussed plenty in this forum.

Also, don't pay too much attention to the price, after you buy, just sit and wait a few years, you will see how it will slowly keep gaining, because Bitcoin is deflationary (limited quantity), while the fiat coins people measure it with, are inflationary (unlimited quantity).

Keep reading, and enjoy. Remember, many people will have different opinions, and not all are correct and some may even mislead you, even here.

Try to not use the metals analogy, it is inaccurate. There is simply nothing like Bitcoin, once you learn its key features, you will understand why the market gives it such a high value.