more truth than the OP knows. If this were truly regulated, the risks versus the rate would make this the class of asset only really suitable for venture capital and angel investors. essentially, accredited investors. adoption actually should shift this more towards the common person, as the aim of most bitcoin or crypto platforms has been user friendliness to the point of being damned near absurd (bitcoin is hard, apparently). but the price is taking this thing into elite territory. and the fees will soon dictate that transactions need to be a decent size.

we are long beyond "casual" transactions 

A newbie with some sense! Thank you for actually entertaining the feasibility of fauceting and mining, essentially they are beyond the majority of us. Mining can work obviously; but you cant profit unfortunately, you have to keep reinvesting to keep up with the difficulty increases. I mean, there an be some profit, but the rat race is a little more "intensive" than most people realize. Its actually a challenge to keep 95% plus uptime, and every second down is time you arent mining

the faucets can work. basically, you wont be fauceting bitcoin, you will be using every other type of faucet BUT bitcoin. these are way more numerous, and typically way more generous. convert this value to bitcoin; finally fauceting isnt so damned banal.

You also have to be careful about having files copied off of your hard drive if you are hosting said unsecured network. if you are behind a firewall or if your data is encrypted, ou will most likely be fine. but the average persons online security and knowledge thereof is woefully lax; I have actually encountered modems with the default admin/password credential pair at gamestops, certain libraries, and mom and pop restaurants that dont know any better.


and dude, never connect to airport wifi. its like having sex with everyone else that connected to the airport wifi  

Now that Ive had the malware described to me (read this as a bitcoin headline but didnt click), Im a bit confused. How is this any different that any other trojan that compromises a wallet and steals the keys? maybe this was a simplistic explanation, but seriously there have been programs that hijack wallet clients pretty much since bitcoin started to be worth something. I guess maybe this one can compromise multiple clients with just the one piece of code?

this is why we used to warn folks about installing altcoin wallets on the same rigs as bitcoin wallets. the bitcoind codebase was pretty much the same as most of the alts, it wasnt a giant intuitive leap to figure if you would download an obscure altcoin wallet, then you most likely know about bitcoin, and also have a bitcoin wallet on the same rig

Honestly, if bitcoin goes that big that quickly (yes, that quickly) no one will want to touch it. not really fond of this insane rally we have been experiencing this past year, this is not sustainable and I can only hope that we would check this growth by this point. despite how ridiculous a value increase this is (this is extremely improbable, but I would have said the same about the price a few years ago), the main thing is that folks just wont let that much profit go untaken. say I purchased coins at 1000. There is no way in hell I am still on this train at 100K. I probably liquidated at 10K-20k 


do you understand how much innovation would have to happen in the next few years to even remotely justify this price prediction and we cant even not fork

Bitcoin is just a capital source to me. while I am usually 95% cryptos, I only really use cryptos this much because of the benefits that come with it (and the way I live, specifically). Wouldnt suggest this for everyone; esp if you have kids.

I digress..

You should always be looking at putting your value in the place that gives you the best return, respective of time. to be honest, for right now just leaving your bitcoin parked is probably the safest way to gain value on you investment. but we get stuck on cryptos a lot here; there are things in the real world that have comparable (not quite the same, but so much less risk) rates of return. they require a bit more work to be fair, but they have a lower bar of entry.

Pleasantly surprised at that number!

It seems like adoption is just around the corner, lol. I wouldnt personally; the starter material for bitcoin is rather boring reading at this point (if you have been around the ecosystem more than a few months, you will learn more by immersion that you will ever learn through study. Encountering something new here is pretty much having to stop and learn it lol, there arent a ton of all in one educational resources for btc or cryptos in general.

bitcoin really isnt that hard, until you get to the programmatic aspects of it. then it might as well be magic and enzymes and shit; its pretty much greek at that point to everyone except developers 

They would have to eliminate every last node; this would require the global cooperation of all governments, basically it would have to get pretty bad lol. The authorities really arent against the mining aspect of the protocol; in fact they rarely legislate against those folk. the only time miners but heads with officials is when they are stealing power or avoiding taxes notice how China cracked down hard on exchanges, but didnt really address the mining situation, especially given they are the majority of the network.

if they want to talk about consumer safety, lets talk about all those janky ass asic farms that used to catch on fire every other week.

As far as cryptocurrencies are concerned, this is still the early stages of adoption (think of the sub 500 coins as "bleeding edge" adoption). Overall, bitcoin is still mostly an unknown thing; we have the benefit of hearing about it a little bit more than most because we actually have time to talk about it in 1st through 3rd world countries. But anywho, you can do too bad with bitcoin  (its poised to go down, but when I can't tell you, it has defied all my expectations thus far). I would look at investing in some of the other majors however; there is more upward potential for growth.

Good luck!


_{*begin week*}

This is pretty much some of the same we are seeing every week nowadays. Price gets uncomfortably high, governments get concerned about capital flight (In India's case they have all that black money situation going around. I guess 7000 was the magic number this time. This was China, the was the SEC with the ICO regs, and this is all the talking bank heads that have something negative to say every time we reach new heights.

If we breach 10k, expect most sane governments to step in very suddenly, and regulate very heavy handed.

LOL, its called a price alarm brother

there is nothing wrong with being enthusiastic, but make sure to turn that knowledge into profit. knowledge for its own sake is a waste of efficiency when time is a factor. its cool when scientists research random minute shit when there is time to ponder on the little details. but the longer you wait with bitcoin, at least for the sake of adoption, the more you will miss out. use that knowledge to get a support job at an exchange, or pick up a gig on the forum.

welcome to the fold. keep that zeal; it gets hard to be here some days

if you will, please send me a pm. I am insanely curious abut this; plainly I will say that  I think certain transactions are being prioritized for conformation, by a certain actor.

but anywho, this network is a very young and very unstable  network. until and if more people start supporting BCH with more mining capacity, it will be like this. we have come to rely on standard times for he major coins, it is nothing new for a very young coin or a very unpopular coin to have ridiculously long, and crazy variable confirmation times.

a good reason not to invest in this asset until it matures a bit (wait to see if it will survive, this is honestly not a sure thing).

if your wife know you are loaded an into crypto, trust and believe they have lawyers specifically for this. this is actually pretty old; i read an article from a senior attorney telling about some of his more unique divorce fraud cases. bitcoin was among them, as well as someone investing in a theme park (you cant make this shit up). maybe if your wife was completely unaware of the coins, they might survive the proceedings. and the timestamps the blockchain provides offers irrefutable proof of exactly when you purchased the coins, in case you need to claim they were purchased prior to the relationship.

not trying to shit on you (dont know how much you purchased, might not be a laughing matter to you  ) but you messed up when you purchased the btg 

but seriously, if you purchased into this asset at this early point in its life, surely you were prepared for more volatility than this. you purchased it before it has found its price, you should probably be prepared to sit on it for a least a little while, of course its going to be a bumpy ride.

a tip for the future; you might want to wait at least 2 or 3 months before you significantly invest into a forked alt. everyone got them; there is no reason to hold them during uptrends as anyone can take profit at anytime.

they were free 

You have a surprisingly lucid grasp of how this works. tell it to some of the old head bitcoin super maxis here, they think this valuation is a good thing 

there is no way in hell this is sustainable. even though the uptrend has generally been up, we cannot rely on this to continue. there is no market that has simply gone up with no major correction, this fast. it doesnt even have to do with valuation at this point; essentially someone is going to take a massive profit, and it will all come tumbling down for a while. i wont bemoan the lack of news, I wont point out the rise in the face of impending forks. no one cares LOL. but every time I ask, no one can give me a rubric for valuation that explains this price.

it has defied my predictions, i will admit. but dont dismiss me, board. this is a bubble, and it will pop. wont be the end, but it will "feel bad man', i promise.

Invest in the coin, not the mining hardware. twofold; there is way more opportunity in the straight up bitcoin investment, without the risk of the miners. consider: what if that fucker breaks? your bitcoin wont break, doesnt need uptime, and empirically, you will get a decent return for just sitting on your coins.

Secondly, if you go the miner route you will either spend more than 2500 for the entire setup, or you will get less than 2500 worth of hardware if you a smart.


You havent factored in electricity yet my man.

And look at alts, possibly more upward potential

this is legit in my eyes. this honestly doesnt have anything to do with unpaid taxes, this is all about promotion without disclosure. its illegal to advertise at people without them knowing you are advertising at them; in the united states this essentially amounts to fraud as the failure to disclose is considered an act of deception.

its not that they are promoting these things; its the fact that they arent saying they are being paid to do so. shilling is illegal for any product, without informing someone the rhetoric is essentially marketing, and not a genuine opinion.

bitcoin assumes a few things. first, you need to live in a place with electricity, this ties in with connectivity.. you would also assume that someone needs to at least be decent with a computer to interact with bitcoin properly (talking about a real wallet, not those exchanges). some locales dont have clothes, let alone a device capable of storing bitcoin/ making a transaction. you have to assume that the educational level is high enough that basic computer use is a subject (most modern countries have computer lab/ guided electronic education)

the environmental factors that make up the average bitcoin user, is most likely to occur in more affluent countries. especially at these price levels. although you can buy as small a fraction as you need, fees will quickly swallow a smaller position at the moment. you need a chunk nowadays 

Depends on where you live. In America, it would take a pretty depressed economy in order to survive the meager funds you can get online as an untrained worker. Since people don't magically learn new skills when they become unemployed, the only type of work available would be clickwork, and the rates are pretty shit because anyone can do clickwork, the labor market is saturated with workers from even worse economies.

If you lived in a third world however, you could probably scratch out a decent stream of side income from a sig campaign.

Yeah, Im totally at a loss to what happened here LOL. Im thinking some manager made a snap call on this on; what the hell did that arbitrary figure have to do with anything, and under what legal structure are they taxing you uunder, bitcoin is not a product, its data. Dont know if they can tax SaaS.


I would go back there and see what was going on, maybe ask someone to explain your charges. you may not want to stir the pot with this, its probably not worth the return trip. but I feel as though you could probably get your money back if you asked the right person.