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The recent event make me believe that bitcoin is not ready yet. For a period of time, the network become very congested. If you buy with bitcoin, there will be some delay. Until bitcoin can beat Visa in transition per second, it is not ready ...
It is sad but I think this is the truth
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analyses of bitcoin core code revealed that there maybe more than one person involved in creating the bitcoin. I think out of millions original bitcoin they mined, probably each person knows about half the private key.
I belive Satoshi is more than one person, definitely not a young kid.
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I think this is a great feature.
I am sick and tired some big boys making the decision. And they can not reach a decision soon enough. We should be able to vote according to how many coins we have. This will be fair in some sense.
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Oh wait, I wish I own some of this coin it is up 300 to 400 percent this year.
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good share..But when the Chinese govt. will start racking down Bitcoin holders, they will be in a big trouble.
Chinese government ha seven trying to segregate their banking system from Bitcoin. But other activities are permitted, including mining. One small issue, maybe not so small, is internet better China and the rest of the world is not up to optimal level. |
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I watched both tubes.
12 minutes well spent. Thanks
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From the movie "The Last of the Mohicans"
We call a person with million bitcoins "The Last of the Bitcans"
With a thousand bitcoins are called Ohlones
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it is Feb 29, you got this day once every 4 years. Someone out there must be doing something to make their point.
In person, I think increase block size will be able to solve this.
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Bitcoin will be the king, no question about that. But litecoin, why? It offer not much value at all. In 20 years, chances are someone else will invent something else and taking over the second position.
There are many contenders out there already, I am not going over the list since will probably offend someone out there.
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It depends on the country you are from. In USA, I think Coinbase is best. you can do bank transfer easy. Bitstamp is a UK compnay, probably easier for folks from Europe. you can SERPA.
If you are from China, I am not sure which one is best, maybe bitfinex.
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If you have a promising career in music, then you should take Bitcoin, and visa, master and American Express, also euro, usd and yen. No need limited yourself to one. Best wishes to u, music is a hard career.
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Interesting to see folks from different country, different back ground, different culture making the list.
This is a good sign Bitcoin is going global, and touch many folks ' life.
I myself lost coins to PBMing, hash profit, hoping to see them make the list.
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Well, smaller miner will exit the game, and hash power will concentrate on fewer miners.
On the bright side, the price per coin probably will rise, otherwise, even fewer miner will be.
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I can do this too, pm me if needed
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Keep in mind that bitfinex supports for alt coin is very limited. I used to buy dash there, now they quit dash too.
They only support litecoin. But they have loan program. If you don't trade, u can lend out your asset.
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Make your software requires a license key, which expires every month or week.
You can assign a unique btc address to a user,if some amount show up in that address, then you sent the user a new key (this can be automated) so that user can use your software for another month or so.
If the software can automatically check key from a cloud locaton, yes this can be automated...
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If anyone follows world news. it is no secret that major countries are devalue their currencies. I don't think a complete wipe out will happen, but inflation will kick in someday violently. If bitcoin can live to that day, probably less than 3 year, btc should go up dramatically, in sync with gold. Of course,i am afraid governments will try to depress gold, maybe at the same time, bitcoins.
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When i think price is low, I will buy, then price is 100 above my price, I will sell half. If price goes fiend, I will tell myself I am in it for the long long term, like 5 years. When the price is lower, then I will buy more, repeat the above process.
So far, I don't buy any more since I don't have much money and I am in it for the long term.
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This is a sad story, if I keep hang out in btc community, surfing btc web site, I will end up delivery pizza for a living
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The volume of paper gold is over 300 times the total amount of gold in existence in the world. The price of physical gold is increasing while the price of gold conrtacts for future delivery has been dropping (there is a reversal atm). Every country, with the exception of Canada, is buying or hoarding gold. Chna, Russia and India are major buyers, and there are many who think the Rouble is 60% undervalued. China will probably introduce a currency backed by gold. Can you imagine what will happen to the price of gold if China requires delivery of a few hundred tons of the virtual gold it has bought?
The physical gold is about 2000 tons in the world, but open glod future contract is about 60000. This is gold bugs reason believing in manipulation. The lesson learned is that we should boycott Bitcoin future, if major bank would to create one. |
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