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Hard forks are very bad, this is why you vet code for many years before you allow untold amounts of value to be invested in your technology.
But this isn't a bitcoin problem. Money gets stolen in btc land, tough titty. You eat it and move on.
Dammit dao, you had one, undefined job.
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As many as humanly possible. I want the whole pie, Diego, I'll even take satoshis coins (don't worry, I won't sell). Notice that satoshis coins are like a kill switch for the whole project? Smart man  |
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We ve seen this kind of growth before and we all know what happened. So, this growth, this fast, lots of pumping for sure.
On the other hand, I think BTC can reach $1.5k by the end of next year.
I agree, but I wonder if this isn't a price correction so much as a pump. Mining companies will lose out if the price doesn't stay at this level, there is a strong incentive to let the market rise for the time being  |
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Can bitcoin be divided further than 0.00000001?
I believe only the price of bitcoin will demand that. When there is a demand for trading less than one satoshi like calculating value of one satoshi greater than 1 cent and then we have to divide further. Exactly. If bitcoin goes up to say, 10000 a coin, a satoshi will be significant, and will have to be factored in. I will admit that it will be a tiresome fix (all that code this far is designed for 8 decimal places, changing that will be a nightmare). |
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It's a currency. The price is the only thing that matters, to be honest. If bitcoin tanked, I would drop it like a hot potato. There is always a bleeding edge thing with promise to invest in, if you are shrewd.
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The FBI found out that ETH is a scam.. the devs are trying to run with your money
Looks like this is true many people right now are telling that ethereum are scam. do you have a source where did you get the real news? It's not a scam per se, a lot of folks are just having a "I told you so" moment right now. The dao had an exploit that allowed a large amount of value to be stolen from the devs I guess? Anyway, money has been stolen, because if a flaw in the dao code. The devs have asked exchanges to freeze, and are proposing some combination of hard and soft forkage to prevent the stolen value from moving. Eth is kinda taking a beating by association. |
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Broad diversification is key to success in investing.
Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south.
Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits.
In crypto broad diversification is picking coins with original code that are not Bitcoin clones. You diversify the software and the devs, programming languages.
To add to that, I would say that the majority of your portfolio should be in bitcoin. Alts can be used to give you that extra profit, but you shouldn't bet your house on alts. Buying an alt is like buying bitcoin leveraged. It's much higher risk than buying bitcoin, you can make much bigger gains or lose everything. If you stick to bitcoin even if it goes down you still get money back if you decide to sell. With alts you can get much less back, or nothing if your alt dies. I never considered this, but he has a point. Literally, given that all the alts are basically an "evolution" of the idea of bitcoin (ha) it is very similar to buying leveraged bitcoin. Good observation. You can ride the alts like btc, but it's hard, because the alts are all pretty much too volatile for any kind of serious prediction. Btc juuuust finally smoothed out. |
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No I would never buy a hardware wallet because I already have a paper wallet and I'm pretty happy with it so for me its not necessarily these days.
I like my paper wallets, but they are for my truly cold storage "coins don't leave here" wallet. For something that I would want to store a large amount of value on, but still spend, id spring for the hardware wallet. They need to get a little cheaper before I bite howevr, lol. |
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those free altcoins are only dust and most of them are 0.00000001 of that altcoin which is worth 0.00000001BTC so the worth is ridiculously low.
the only usage you can get out of them is to make bets on their dice game, but that is also bad because it is not provably fair and it doesn't have auto bet.
Its very low and because of that you do honestly have nothing, it does not add something if you are clicking the buttons for it... Its just a waste of time if you are doing it for some btc.... Yes I also think there is no reason why you should do this because it does not make any sense, why would you right ? I even think they should just remove this nobody uses it in my eyes... Agreed. Most of the coins are no names, anything valuable and you are only getting satoshis. For the time it takes to collect this fractional amount of value, you could have done a real faucet. |
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Yobit will never turn into scam if you ask me, they had some problems but this is because of the maintenance they are having.
Just a matter of time before everything will be okay again.
yeah, yobit will never ever scam, yobit is the most favorable exchange in bitcoin community and the other point which i noted is that it is the exchange where you can find all the coins at one place. It will never be going into a scam they are just having a maintenance on some of their wallet and they are already a big trading website so theres no way for yobit to be a scam . They are still oprating and active and they are still paying . They are being judged because of their support  And, they caught a wicked ddos yesterday. But yeah, that support is pretty dismal. Everything is working however (btc withdrawals at least, and the Sig camp button). |
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polo is ok. its eth that has problems.
This dammit. This thread title sent me on a wild goose chase for a while as I researched the possibility of poloniex being hacked. It hasn't been, but the dao token protocol has been compromised in some way. So TLDR: poloniex is OK, it has not been hacked. But on to the dao shit.. Really? It was the biggest freaking crowdsale in recent memory and it had to fuck up like this? We said that was too much money for such an experimental technology (talking about investment vs research and development) and no one listened. |
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This man, gets a cookie. Not only will they remember bitcoin, they will associate it with something that will stick out in their memories: a guy in a domo suit with a megaphone. Brilliant. You might forget the graduation, but you will never forget the tall dude with the costume enthusiastially promoting 'bitcoin'. His ankles are out, it's no longer a game. |
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It's dead that is what..
No one is going to trust it now that it's been hacked that bad !
It's gonna be a long while at least, and I'm concerned at what the r3 consortium will have to say about this rather severe fail. I didn't expect this particular thing to happen, but dammit, we called this weeks earlier |
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btc UP because money does need to go somewhere when the air is being let out from ETH
There are high volume btc/eth markets that have been see sawing the price of both coins. If eth goes down bitcoin often goes up because of those markets. If eth hard forks those eth locked in the DAO will get released around about the bitcoin block halving date. If they get dumped for bitcoin it could pump bitcoin much higher. Methinks people that saw a safe haven in eth and it's dao tokens, may want to rethink that strategy ATM. Btc is king of the roost for the moment, eth just blew it for a while with this. Remember when bitcoin hard forked multiple times because someone created 9 billion bitcoins? Oh you don't?
False analogy. Stop defending altcoin which don't deserve defending. In this specific hack, no additional coins were created (which was the case with Bitcoin), neither were the specifications altered. Read: 
Amen. This is directed governance. To hell with a distributed, anonymous version of this. |
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If the Ethereum survives this crisis, it will come out stronger than ever. It could also be a publicity for the coins.
This is what I was saying a few weeks ago. It wasn't smart for eth to take up a very public association with something as untested as the dao. Now, we are here. |
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This is something you muse about over drinks or a bowl with close friends. You don't say shit like this out loud, especially when you are looking for additional VC and want then to take you seriously.
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But he's just so fucking cool man. Like sipping a milkshake in a snowstorm.
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For as long as there are people using bitcoin, there's very little chance for it to be banned. It would be quite an injustice to prohibit using it considering the benefits of using it far outweigh the risks it possesses.
people can always use bitcoin and continue having it but banning bitcoin means the government prohibits usage of bitcoin, and that will mostly affect the businesses that want to accept bitcoin as payment because they can't do that anymore. Also, I feel the government has sufficient technology to block/jam/ddos the relatively small bitcoin network if it had the motivation to. If they don't want nodes running, then they will not run. |
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Certainly an investment. If not, people would convert btc to cash ASAP and simply hold the cash. Unless you live in one of the few places with dcent btc acceptance rates, Its hard to spend btc on anything other than consumer products and precious metal.
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Merchants that actually accept bitcoin, rather than merchants that accept their own gift cards that were purchased with btc. It's a huge difference I'm looking at you, Gyft and Walmart. |
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