I don't see it that way. I see you were happy about coinlock saying this... Now super-risky-coin collapses, I lose my Bitcoin because the information about the relative risks was hidden in the deterministic rate.
To this I would say: you already lost your Bitcoins when you swapped them for super-risky-coins. That information isn't hidden at all. When you 'move' (it's debatable wether that's a good expression to use) BTC -> scBTC you're well aware you're swapping your bitcoins for sidechain coins, aren't you? |
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It will be worth 10K a BTC exactly 1 year after my demise...that is how my life works...unlucky...
You know what Ghandi once said (paraphrasing, can't find the exact quote): " Mind comes before things. The mind decides". Your beliefs become your thoughts,
Your thoughts become your words,
Your words become your actions,
Your actions become your habits,
Your habits become your values,
Your values become your destiny.
(bolding mine)See the connection? |
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Unfortunately 10,000 will never happen. It had high hopes to begin with but it looks like it is finally going to crash:(
It loses some value during one year and you don't believe anymore. Please sell your coins to someone with a bit more belief. It lost quite a bit of value in one year actually. It went from 1200 to 300 in 1 year. It has consistently gone down this year too, with a few spikes here and there, but the trend has been downward since January. Of course I don't want it to fail, but if it looks like it is, I am going to say, it looks like it is failing. Dude, Bitcoin price went from $32 to $2.5 in 2011. That's the same as going from $1200 to $94. It looked like it was failing to many people back then. Yet it wasn't, it was just a correction. Bitcoin does this and it will probably continue doing so for some time. you say right, probably , that's the important word! nothing is set in stone with bitcoin. It's known for being in the habit of surprising the shit out of people. In both directions. |
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Unfortunately 10,000 will never happen. It had high hopes to begin with but it looks like it is finally going to crash:(
It loses some value during one year and you don't believe anymore. Please sell your coins to someone with a bit more belief. It lost quite a bit of value in one year actually. It went from 1200 to 300 in 1 year. It has consistently gone down this year too, with a few spikes here and there, but the trend has been downward since January. Of course I don't want it to fail, but if it looks like it is, I am going to say, it looks like it is failing. Dude, Bitcoin price went from $32 to $2.5 in 2011. That's the same as going from $1200 to $94. It looked like it was failing to many people back then. Yet it wasn't, it was just a correction. Bitcoin does this and it will probably continue doing so for some time. In 2011 it hit bottom far faster then slowly started climbing. This year it took far longer to reach the current low point and if there are lower lows to come it will have been going down for over a year. The current cycle seems much slower than the 2011 one. Yes, there are way more market participants and everything is bigger, so things move slower. That's how I see it, too. Where does it put us regarding a recovery above $1200 (maybe even $10k)? My best bet is that 2015 will look like 2012 (generally sideways) and we'll see a rocket in 2016, which incidentally is the year of the next halfing. (But I would be pleasantly surprised and have no objections if we break out 2015.) If 2016 doesn't bring prices well above 1200, paint me worried. |
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Unfortunately 10,000 will never happen. It had high hopes to begin with but it looks like it is finally going to crash:(
It loses some value during one year and you don't believe anymore. Please sell your coins to someone with a bit more belief. It lost quite a bit of value in one year actually. It went from 1200 to 300 in 1 year. It has consistently gone down this year too, with a few spikes here and there, but the trend has been downward since January. Of course I don't want it to fail, but if it looks like it is, I am going to say, it looks like it is failing. Dude, Bitcoin price went from $32 to $2.5 in 2011. That's the same as going from $1200 to $94. It looked like it was failing to many people back then. Yet it wasn't, it was just a correction. Bitcoin does this and it will probably continue doing so for some time. |
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yeah, mining again, but: blockexplorer shows no block for a 7 hour period starting 12/28 12:53:  Difficulty almosted halfed due to that. I have no plausible explanation for this. EDIT: then there were more 'breaks', like this one:  what is this? Does everyone stop mining? I don't get it. |
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I've noticed a pronounced divide between winners and loser lately. Remember that a lot of us aren't traders, and joined this year. Imagine that, if you will. It's hard times, brothers, I promise you
friend of mine got in at $30 in 2011. He had to wait almost 2 years to become a happy man. |
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do you guys believe bitcoin will die, and ripple will become the major cryptocurrency?
No. And: ripple is not a cryptocurrency |
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I wonder if you could use the current CPU temperature to the first or second decimal place as a source of entropy.
The least significant bit of a 16 bit audio sample always seemed a good idea to me. The nice thing about randomness: you can mix many sources (using xor or whatever) and you'll not lose anything even if one source is bad. Unfortunately what you may get wrong if you are too careless about this is how much useful randomness you have. If I recall correctly some sources in the Linux kernel rng are added to the pool but counted as zero entropy. this is why understanding the inner workings of predifined rng's or procedure calls to generate entropy is essential. Also making sure that entropy is explicitly used properly is key. Simply make sure entropy is being used for what it is being generated for. Somebody should code up an entropy "meter" to go in the menu bar of Linux distros. This would be interesting to see as well as a current list of entropy sources. At some point you only need so much entropy from real world randomness but it is cool to come up with new ideas on ways to generate even more randomness. I have suggested somewhere on reddit (although I can't find it now) to found the "church of random", where prayer nodes send around random data as prayers and randomness is collected to build "cathedrals" from it. While the main focus was to get religious protection for sending encrypted random data, those prayers could certainly also be used as a source for randomness. |
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Jetzt wird das Weihnachtsgeld aus dem Fenster gehauen  Ich hab auch noch 1,57 DM in meinem Sparschweinchen gefunden 14,10DM  Wer hat mehr? Ich hab 'ne Goldmark.  Hat auch monetären Wert von 1 DM. Also nicht mehr, aber schwerer  |
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With every new day my hope for 300 or sub 300 coins dies little by little  And thus, like a massive oil tanker the market slowly changes direction  Nice analogy. |
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I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.
ASIC wallets? Hardened circuits dedicate to bitcoin protocol with all signing done offline. They could enable people to store bitcoins without the need to worry about, or understand best computer security practices. I think the trezor is quite easy to use securely. It might still be too expensive for wide spread, but it certainly enables people to store bitcoins without the need to worry or understand best security practices. I think what's holding back adoption is the lack of a clear need or want. As said above by someone else, this might change drastically with either a rising price ('want') or escalating troubles with the current financial system(s) ('need'). |
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I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.
ASIC wallets? Hardened circuits dedicate to bitcoin protocol with all signing done offline. Hmmm. I would say doing it on commodity hardware is good enough (trezor as an example). There's not so many entities that can actually manufacture chips... there would be trust involved. Take the btchip hw wallet for example that runs on a 'trusted' java-based platform (if I'm not mistaken). The devs admit you have to trust the makers of the platform. I'm not saying there are not trust issues with trezor, just that there would be some with your 'hardened circuits' approach, too. |
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Nothing positive happened for ages though.
What? I guess you're not talking about news, are you? Because this year was full of good news. It hasn't been reflected in the price though. Trust me I'm pro bitcoin, I hodl everything in cold storage, I've never spent a single satoshi. I'm just not seeing anything uber positive lately, the price sucks ass. yes. price is down the whole year basically. I hodl, too. Can't bring myself to sell. Not acquiring more, though. I will if we break 266 on the downside, though (after the dust has settled) should that ever happen (I'm not so sure) |
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I cancelled another comment to emphasize this. We need cheap foolproof ASIC wallets.
ASIC wallets? |
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thanks for your answers, sempy.
I guess I could code (or script) up the function myself, I only need it for cryptsy, but if you're implementing it, I'll consider buying your product.
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Nothing positive happened for ages though.
What? I guess you're not talking about news, are you? Because this year was full of good news. |
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i think that bitcoin has a higher chance to go to 10k than to go to 0
most likely. I will buy bitcoin for $1/21000000th each for as long as the limit is intact. $10000? is it possible? Certainly. Maybe even as earily as 2016. I wouldn't bet the house on it, though. |
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Interesting discussion chaps.
Yep bitcoin is high risk. Going all in is silly unless your are in your early twenties. Saying that I think it really is a commodity to hold for a couple of years at least, to smooth out blips on the long term trendline.
We remain at a great entry point for new buyers (could it get better, sure if we have disaster or a bounce off 275). But IMO the next wave won't get excited and start buying until the price begins to rise again.
My view is that this extended bear market is being driven by new coins floating on the exchanges. The top 500 addresses are gaining coins, not divesting.
If stolfi is right and there are 650,000 addresses with any significant amount of btc in (and I have four cold storage addresses myself) then bitcoin holders propping the price up represent perhaps 100,000 to 400,000 people globally, excluding off chain wallet services. I can easily see another 1 to 10 million people buying a bitcoin in the next mania of 2015/2016 can't you?
They say patience is a virtue and it has been tested this year for bitcoin enthusiasts!
No, I can't see 10 million buying a bitcoin. That would be 10 million bitcoins. Quite unthinkable. I largely share your other thoughts... patience is a virtue. |
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