For wallets with more than 5 years of inactivity, we can charge a 4% per year fee.
Go start your own altcoin. There is none of that nonsense in bitcoin. |
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You don't really think the sovereign nation of the United States is going to transfer >$200 million worth of coins to some place like BTC-e just so the operator can say "oops we got hacked" and retire the next day do you?
Quote of the day. |
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I don't care what Greenspan actually thinks about bitcoin, but the fact that he has even the vaguest idea what it is, means we are winning!
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Isn't tax only 15% capital gains after 1 year?
In the US, if you are in the two lowest tax brackets, long-term capital gains are taxed at 0%. That's how you legally avoid paying taxes on your bitcoin cash-outs. |
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Second, even if the premises of that post is true and 2.5-minute confirmations are more secure than 10-minute ones, it would be much easier to change Bitcoin to 2.5-minute blocks (which is a relatively trivial change as long as the majority of miners agree) than to switch to Litecoin losing tens (probably hundreds) of million dollars invested into the Bitcoin network security.
Enormously flawed reasoning in that paper. Confirmations are confirmations. Read Satoshi's whitepaper. There is no time component to confirmation security. The paper incorrectly compares 6 bitcoin confirmations to 24 litecoin confirmations. An entirely invalid comparison. |
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Bitcoin has another counterparty risk coming up in the next few years. If bitcoin becomes popular enough for even a tiny percentage of the world's population to use it daily, the blockchain will become enormous. There will be few people willing to store terabytes of data on their computer just to send and receive bitcoins. The data and wallets will be kept in the hands of relatively few companies. Better hope they're good and honest.
The blockchain can grow up to 1 MB every 10 min. That will take roughly 20 years to reach a single 1 TB. 1 TB isn't that large now, imagine how tiny 1 TB will be in 20 years. |
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Bitcoinity made a first step, they just changed to mBTC as default.
With an option to change it back. Nicely done. |
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Just going back over the AMT web page... some cool stuff... What is the reference I see (under power consumption usually) to Turbo mode? Why would you run a miner in anything but turbo mode? What's the point of having a switch? Do some days you just feel like not mining quite so many coins?
If your wallet gets too full, the coins start spilling out on the ground, and are lost. |
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where do you think he will sell that amount of Bitcoin, all exchanges are AML and KYC compliants even BTC-e is, when he deposit them to the exchange they will bust his ass
Unless he uses a coin mixer first. |
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I think that there could be a bunch of people who have wisely diversified into multiple addresses. So I think your data may be inaccurate -- you can't really tell if there are 500 or 2500 1k BTC holders.
As is the case for all early miners. Solo mined blocks go to unique addresses. You cannot tell that they are going to the same person or wallet. |
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I gave my old man 5 bitcents for his birthday, worth about $50. Even in his old age he understood .05 btc just fine.
Now when .01 btc reaches $10,000 then we might have a problem. I'm ok with it levelling off there.
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To me it looks like flat periods at the x10 lines for a few months, then run up to the next x10. Flat at .1, 1, 10, 100, and now flat at 1k. Let it settle for a month or two around 1k, then it'll jump up to the next, at 10k. |
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This may have been for the first gen asic's
However now that they are proven not a scam they do not need the overhead.
one can argue that since people are buying up units at this price leaves little reason to use those payment methods.
So now instead of "Rather than to only cater for people who have managed to trade or mine the appropriate amount of coins already" it is "To cater only to people who are already our customers." Intersting business model. Seems to be working! |
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I strongly believe that nothing not even bitcoin can simply go up forever.
You're such a bear. Of course it'll go up forever. I predict by the end of this century then entire world economy will be run on a single bitcoin. |
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https://www.kncminer.com/pages/paymentIn the end we have decided to open up to allow PayPal payments as well. The main reason for this was to allow people to enter the market. Rather than to only cater for people who have managed to trade or mine the appropriate amount of coins already.
Why did they stop accepting PayPal/CC? Having a payment method with some consumer protection was nice while it lasted.
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Of course, thats why I paid over the odds for my Jupiter in October, then bought another one in November. But I'm curious as to the answer, I mean I could understand if it was only 1TH in 3-4 months but 3-4TH well I thought it was a good enough deal, maybe I'm the idiot, only time will tell  Antminer is a low-risk/low-reward bet. Neptune is a high-risk/high-reward bet. |
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Just out of interest Xian01, who isn't on your shit-list of companies? I notice you spent $8600 on 360Ghs (180Ghs x2) Antminers but you don't think that 3TH a $13K is a good deal?
Do you really not understand the difference between a miner delivered *this* week, and one that might be delivered in 6 months? |
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When the crash comes, I think not many in the forum is buying. After going to $2k and crashing to $1k, would you really buy? Everybody is shitless by then. It is completely at the mercy of the new money then.
Dude, when it crashes from $1220 to $1200 I buy. Of course I'd buy if it went from $2000 to $1000! |
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