dunno why people quote the 10k/per coin figure as some sort of a holy grail. Not enough. I wouldn't be satisfied with less than 30k/coin
because 100 btc for 10k result in a good amount to retire, it makes a good equilibrium, 100 btc are not impossible to achieve(i'm speaking for a poor people that start now to collect bitcoin, not a rich guy...), and 10k have the same chance to be reached But like it has been pointed out, 100 BTC "for poor people" is only achiveable if we stay in the current price for a long time, at least 5 years. If we are 5 years at 1k+, then its impossible to amass 100. |
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Quantum computing studies theoretical computation systems (quantum computers) that make direct use of quantum-mechanical phenomena, such as superposition and entanglement, to perform operations on data. Large-scale quantum computers will be able to solve certain problems much more quickly than any classical computers that use even the best currently known algorithms. In theory this kind of computing power will be unbelievably powerful and be able to achieve much greater "solving power" which could crack algorithm behind bitcoin (commonly referred as: public key cryptography). For more information visit: http://en.wikipedia.org/wiki/Quantum_computingBitcoin is designed to last for over a 100 years. Obviously we don't have this kind of computers yet. But we will be, maybe in 10 maybe in 20 years, but definitely sooner that we may think - and then, at that time bitcoin may be world currency... So do you think quantum computers would break Bitcoin's security? Yes, but it will take WAY longer than we'll ever live, therefore Bitcoin will be here for a long time. Longer than we can imagine. 1000's of years. Anything else is science fiction. |
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If the 'miners' are paid with tax money - much like how the DNS servers work.
No it is not. The blockchain needs a currency to get paid and incentive the mining. |
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We going most likely 1xx something before the great consolidation happens and we start marching towards 4 figures again.
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He knows that one day his Bitcoins are worth more then his initial askingprice of the house so he is not worried. In fact in dreams is already designing his residential villa on a private island next to Leonardo DiCaprio.  He would be able to buy several islands some day, but by then OP will have lost his patience along the way and sold, only to find out later he could have been rich. Same story as always, seen it happen all the time. |
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It's a game of cost averaging: buying on dips no matter what. At the end it will pay off, but not everyone is patient which leads to not everyone can win in this life.
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Satoshi will never sell. If you ever created revolutionary technology after years of efforts, you would treat it as your kid. Satoshi will die before he sells a single BTC, for the goal is to not even need to sell to adquire any commodities.
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Apparently, Satoshi predicted this and his reply was: "By the time BTC is mainstream, technology will be advanced enough for 1MB not being a problem".
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If Bitcoin dies, would the Blockchain network remain distributed and robust ?
I've heard more than a few Wall Street Gurus and Tech Visionaries state that while the Bitcoin concept is unique and interesting, the Blockchain Technology is where the magic happens.
If Bitcoin dies, then a million despondent miners return whence they came, and the distributed nature of the Blockchain is weakened to an unknown degree.
The way I see this, to an average Bitcoin miner, the Blockchain is the lifeblood of Bitcoin and the river from which it flows, but it is consequential to mining Bitcoin, which is the miner's primary objective. Integrity of the Blockchain is essential for mining to occur. Conversely however, if those who would build new platforms on the Blockchain network were the primary drivers of the Blockchain due to the absence of miners, it would be in their interest to control as much of the Blockchain Network as possible. This would effectively neutralize the incorruptible, distributed nature of the Blockchain.
If Bitcoin dies, will the Blockchain necessarily die with it?
No, the blockchain needs BTC, there's no blockchain without BTC, but BTC will never die, not unless the universe itself dies, that's what people don't seem to get. |
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Because they are delusional as hell to think their safe libertarian haven is going to work in between all these countries to boot. It's going to be just another fiscal paradise for the rich. |
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no, the value of the blockchain itself is 0, because it can be easily replicated. So the value is in the network effects, or the people using the particular blockchain. And at this point, I don't think 3 billion is under valued. Could be overvalued by quite a bit, actually. But I do think eventually when there are more uses for blockchains for the average person, the no. of people will increase exponentially and by that time, the price will increase.
There's no blockchain without Bitcoin, don't get fooled. Bitcoin mining is the strongest network on earth, even if you combined world's earths super computers against Bitcoin it wouldn't match up the computing power. Look at the facts. Uber is 4 billion for god's sake. Bitcoin will be on the trillions in the next decade, see you there buddy. |
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Lots of big bear talkers here.
Who will take a $100 bet we do not see single digits by 2020.
Sounds like a cool deal for the FUDfaces in here. Is there any way to secure a deal and guarantee it gets paid with a countdown until 2020? that would be a good service. |
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people around the world are not adopting bitcoin because of those thing in general
1- security
2- regulation
those two thing must be addressed in order to rise the adoption of bitcoin
the secuirty can be done by the exchage(so it's not even a bitcoin fault)
the regulation is on the way on some countries, but need to be speeded up and should be easy for average people, not something like "i need to take note of every transactions" or other things too laborious
Bitcoin is as secure as it gets, the problem is people it seems is too dumb to be their own banks ( the general public). Xapo is a good solution for this. Regulation, it will happen and will being with the Winlevii ETF. |
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Hello everyone!!!
Today I was looking at the price of Bitcoin and I suddenly a question arise in my mind is Bitcoin is like a ponzi scheme first investor will get a definite profit while other will get nothing
WRONG! Bitcoin is not a Ponzi scheme. It's the new Tulipmania, Nigerian Prince, or Beanie Babies!   Beaniecoin, I meant Bitcoin, collect them while they're still hot! /endsarcasmI still fail to understand the stupid ass analogy with the stupid ass teddy bears. They are comparing some useless, cute teddy bears with the monster of thought and technology advancement that Bitcoin is. Can someone explain this one to me for Jesus H Christ's sake? |
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What's "two point zero" about this? This just seems like another 3rd party (as in non Bitcoin-QT) wallet. Nice I guess, but why sell this as 2.0, when its on the same category as say Armory, Electrum or whatever??
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What do you think of the possibility that Bitcoin miners could become expensive antiques one day? There is a thread on Reddit which explores this very possibility: http://www.reddit.com/r/Bitcoin/comments/21ifrg/one_dev_asks_what_to_do_with_first_bitcoin_asic/This is more of a question for those who have 1st generation BFL Jalapenos, Block Erupters, Batch 1 Avalons, and (possibly) Antminer S1s. Instead of selling your obsolete miners, could it be a smarter move to hold onto them in the hopes of their value increasing as Bitcoin awareness expands? If Bitcoin becomes truly mainstream then those early miners will increasingly be seen as an important part of our history. For similar examples, take a look at the earliest vintage computers such as the Apple I and MITS Altair 8800 as well as vintage automobiles which can often go for thousands of dollars on eBay despite being obsolete. I'd say it's not a possibility - it is an inevitability. Moore's Law - processor speed doubles every year. As a computer enthusiast, I have hundreds of old obsolete components that were once state of the art. As a general rule, they are not worth anything unless they operate stand alone (such as computers or automobiles). For example, a state of the art serial port (at the time) would be worthless today. What's a serial port?? Indeed, it is inevitable, the interesting part is, they may become collectables, even show in museums, just like there are museums of ancient computers now. "And this kids are the very early Bitcoin miners". I can see it in 2140 when BTC is the leading payment method. |
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Worrying about BTC going double digits is like the same as worrying about BTC going from 15 to 3 USD when BTC crashed and "was dead" back in the day. Time will put things into perspective.
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bitcoin is more than 5 years old, it's about time that is less volatile now then before, besides this the manipulation was always present, but now there is only manipulation(i would say less than before) and no more "new" money
There are still about 6 million new coins to be created, but its true the new coins coming into the market are increasingly slower and this should naturally create a stability on the price, ruling out external factors (manipulation and whatnot). |
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I never invested in cloud mining for a reason. I wish I lived in a place with cheap ass electricity to start a solid, legitimate mining empire. I would live inside the mining cave during the winter to get free heating.
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I don't know who's to blame in this case, but i think we need the real decentralized foundation just like Linux Foundation  The beauty of BTC is we dont really need any foundation. People is prone to corruption, but the magic is the Bitcoin protocol it's impossible to corrupt. The Bitcoin foundation being corrupt only shows how much we need Bitcoin itself and nothing else. |
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