I think banks will support BTC by using the BTC blockchain as a form of data-backup to demonstrate to auditors and the government that their own data records have not been hacked and tampered with. They will do this because the low cost and ease of doing so will virtually mandate it. Governments may even require it, both for banks and for their own data.
Data-record protection by institutions and proof-of-existence documentation by individuals could easily become the dominate use of the BTC blockchain. It is so cheap as to be essentially free. There is not even a need to pay a higher fee for faster confirmations because confirmation time won't matter. The only thing that will matter is the instantaneous publication of the data as an unconfirmed transaction on the blockchain.
As for the use of BTC as currency, speaking as a former Silk Road merchant I for one can't see it except for buying and selling on the dark web. It simply isn't necessary for most commercial transactions. No, I think banks will compete with BTC at point-of-sale by offering merchants and customers proprietary-blockchain speed of confirmation in conjunction with the usual money-back protections against errors and fraud. After all, when BTC is on the rise, who will buy a cup of coffee with it? And if BTC is on the slide, who would accept it without instant conversion to fiat, which banks would have to charge for?
I think that the BTC blockchain will end up prospering under what might be called the non tragedy of the commons. Everyone will dump their data on it, increasing the demand for bitcoins themselves but not the need for faster and faster confirmation times. Eventual confirmation will be sufficient.
Bitcoin as you stated will benefict, this interest of banks at blockhain technology,even they making their own blockhain will bring new costumers that use iphone to acess their accounts will be able one new market and well they will find bitcoin soon and faster. Iphone is already using ApplePay. Nobody needs BTC for online shopping. BTC is just a niche e-currency. The big trillions aren't on replacing Paypal or Applepay or whatever the fuck you want to mention indeed, the jackpot is in disrupting the way things work at fundamental levels. Which means, eventually banks will be less and less relevant, and once this happens, the public will learn about Bitcoin start using it. It will be gradual. Just like fax didn't disappear with the invention of the email, they became really less relevant in the industry. That's how banks will end up. They will just do some niche stuff where they still can profit by existing. |
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I'd love to have 21 BTC. that'd be nice, but I love my under 3 BTC for now.
I also want to be part of "21 BTC owner" club so bad. Only 1 million people (realistically less) can ever be part of that group, just do the math... thats the magic number to hit as a long term investor. After that I will feel safe when purchasing something with BTC (as long as I never go under 21 for long term holding purposes). |
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you can buy it if you want to fast
he said free, the only option would be to buy account, add trust to them by doing normal trading/selling/escrow, and sell them for a nice +10% or 20% minimum i was thinking of doing this, it would be better than loan or anything else here, but maybe only for hero member, because there is a high demand for them That's not really free.. you need to buy the account first. Also you need to work, posting good comments is work. If OP has bad english, makes constant 1 line posts with broken grammar and whatnot, he risks buying an account for nothing (you can get banned for X days if your post aren't good enough). That's why unfortunately a lot of guys in places like Philippines can't fully benefit, but if their English is decent they can make a lot fo money since their countries average salaries are really low. |
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I like this one:
Bitcoin Digital Economy: Mastering The Internet of Money
It's simple, not super pretentious and up to the point. I think "The internet of money" is a very marketeable name and that's what Bitcoin is. Specifically it's like the TCP/IP of money so that title might as well do the job.
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Very possible, but I think we'll see something along the lines of the 400 price range. We've already crossed both fibonacci barriers that I drew on my TA sketch, and the next and third one is around 400 dollars, so I would expect as the next stop in the next months.
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The people that make money on Youtube have 0 talents, specially the gameplay guys. Anyone can record themselves playing, they just had luck and positioned themselves before a lot of people. To make it now you would need to be introduced by a friend that already has a big subscribe base. Starting from scratch and pretending to make money is impossible.
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Most people that would use Gemini are old people and generally out of the loop people when it comes to Bitcoin, the people that is already in the know uses other things to buy, probably enjoy the increased anonimity of Localbitcoins and more OTC oriented stuff and don't like the extra regulations of Gemini. Gemini will be useful once Bitcoin goes mainstream and panic buy starts by average joes and old money whales.
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What do you mean with the 10.000 BTC = 10.000 XMR?
You mean it can reach the current Bitcoin price, or that it will reach parity with BTC whatever the BTC price is?
I don't see this at all. I think XMR is a good coin, im invested, but it will never reach parity with BTC. No coin is going to be more valuable than Bitcoin, when sidechains open the gates towards endless possibilities we are going to see some serious shit.
Im sure there is money to be made by selling during bubbles, but it's too hard to know when the price is bubbled. As a long term holder I would easily hold for 5+ years without selling any sensible amount of my stack. It's all or nothing with this. Even Satoshi said so.
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I've been saying for ages that if we want real case uses and more and more daily volume of transactions we need people getting paid in Bitcoin because if you get paid in Bitcoin you don't have to deal with the mess that it's buying it. You also stay way more anonymous if the whole economy happens inside the Bitcoin ecosystem. If you get paid in BTC, you can buy directly BTC. Everything stays in BTC. We don't need no BitPay or bullshit like that.
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Business is all about getting the cake, or as much of it as possible. Right now they don't take it very seriously, but they know there is a chance that Bitcoin disrupts their cake in the future, and it may start getting bigger and bigger slices until there is nothing left for them. They are still on the denial stage. The next 10 years will be the most interesting in human history.
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My criticism of sidechains is based purely on them being to convoluted and complex, and also there's the fact that the door is left open for bitcoins to be lost on sidechains which of course would reflect badly on Bitcoin, and be used by the media to launch another tirade of negative propaganda
Also, if the overall goal is for exchanges to become more transparent, then these same exchanges being able to use such a sidechain achieves the opposite. Transparency will bring many obvious advantages for bitcoin
I don't understand your critique. How is your Bitcoin going to get lost exactly? I guess it's a bit like putting your Bitcoin in an altcoin. If you put your Bitcoin in an altcoin, you are basically making an investing, and investment means risk. Maybe the altcoin is a failure, and there are no nodes to move your money back to Bitcoin. This can happen to with a sidechain that ends up a failure. I don't see this being a technical mistake, but a financial one on one's part. |
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Anyway, it's odd. Without new development, BTC will die because it's so limited. With new development, Bitcoin will die anyway because it won't be BTC anymore  it's not like something that remove the limit, which was originally the case with bitcoin, when it was first released, can change bitcoin completely it's a simple value in the code, don't get overboard with your arguments, nothing will change, it will be always the same old bitcoin, with its original 32mb limit nope, it won't be because the Bitcoin XT is making much more than 32 mb. For example, it's tracking your location. How is it with the so called BTC privacy in this case? I am sure that XT will be an Altcoin. i'm not in favor of xt, i'm in favor of everything that can help bitcoin to grow, so if the limit has to be removed, and i repeat only the limit, nothing else, then it should be done sooner or later actually i'm in favor of the dynamic limit, which is in bip 103 if i'm right I still don't understand the dynamic limit thing. It sounds too good to be true. If it was that easy, it would have been done by now. Im sure there must be really serious drawbacks for Gmaxwell and co to not embrace it. There must be something that im missing because im not technically versed enough on this. Anyone knows why the dynamic limit isn't a thing yet? |
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These idiots just caved their own grave the other day when they went on a childish rant about how Bitcoin will never make it only because their business didn't saw instant benefits. Bunch of morons just don't get it. Let them fall, their only destiny is ending like Kodak.
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This is steady growth in price I think in next week we can see this trend on rising going towards 270 $ slowly slowly and then surely towards 300$ in coming weeks.
It's growing like $10 a week now but don't think it could to that for a long time. But the $260 must be there. Already any news from that exhibition in China? Once the halving happens ext year it will exactly take less of that to only maintain the price, which means moon is very possible around the halving time. I think ti will definitely happen around next year, June 2016. We will start seeing good things by then. Until then, let us stack up on gloriously cheap BTC. |
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The only way around this is a universal welfare plan for those that are condemned to perpetual unemployment due technological development. Im still waiting to see a realistic alternative to this that isn't some fairy tale about how people will be all entrepreneurs, become robot technicians or how there will be "new jobs for everyone" and other delusions. Im sorry but 20 century capitalism is over.
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Tired of seeing anti-blockstreamers that never propose a better solution to achieve VISA tier levels of transactions per second in the future and scale it into a global payments systems.
Again, what are you doing to do about the centralization of the nodes when the nodes are so big than the average joe who wants to contribute by running his own node can't?
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In my opinion there is only bitcoin and pale pretenders. I am only interested in the original idea.
Indeed, I think even Ethereum will have a hard time justifying it's existence once sidechains are up and running. It seems sidechains will have no limits in imagination, they will be able to create whatever on top of Bitcoin, this makes Ethereum a bit redundant. Maybe only Maidsafe is the only really legit project besides Bitcoin work being at. |
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https://bitcoin.org/en/release/v0.11.10.11.1 has been released with some fixes such as the buffer overflow one. Isn't the "News" thing automated to show latest version automatically or a mod has to do it manually?
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No need for prediction on this Everyone knows that Porn industry will always make profits because there are thousands of people wanted to watch porns  I heard an Indie company is making a VR gloves, which basically you can feel any object you touch with that glove Combine that with Ocullus and Porn = Money maker  It's just feels natural (ironically) that research in virtual technology ends up mimic sex and making porn "real". Of course it will be real, nothing will ever top fucking a hot real girl but I guess it's better than good ol jerking off to a flat monitor lol. |
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What those clueless morons refuse to understand is that you need a token to keep a decentralized blockchain operative and safe.
Second, you can't have a blockchain to be as solid as the bitcoin one unless you decentralize it. That's why "local blockchains" are doomed from day one.
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