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It used to be essentially free to transact Bitcoins. Transactions were almost instantaneous and you could send with a very low fee (or even no fee) and it would go through. This was back when most people never heard about Bitcoin.
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This sounds a lot like the Roger Ver mentality, where you simply ignore the reasons for the problem and blame the technology. The miners are the real problem here and people ignore this as the root cause of the scaling problem at the moment. The miners automated the process to shift hash power to the most profitable chain to mine and this is causing problems on both BCash and BTC.
Now add some "selective" mining into this, where miners manipulate the process by mining empty blocks, then you have a recipe for disaster. Bitcoin <both BCash & BTC> will fail if miners continue to sabotage the network, by being greedy.
look, I agree larger blocks may lead to centralization and too much power to the miners. However it seems BCH does have significant value, that should or could flow to btc. I think access to "blockspace" is a critical need and on chain transactions. Otherwise you may create 2 tires of citizens. The shifting hash power does not worry me so much if the algos to stop blocks being not mined are implemented. The value/hash should work itself all out. I thing pos, dpos ala nem, or something may come in. Eg iota makes use of spammers, and democratizes mining, but i'm not convinced you cant double spend it yet I agree both may relatively fail, which is why I see some sense in some blocksize increase as required, tech has come along way since 2009....if core does not increase blksize somewhat, I feel they are no less narrow without reason then you could say about ver/jihan. What if...ver/jhihan activated segwit on their chain.....imagine that for a moment...... Blockspace isn't that important, actually. Many people believe that a smaller blocksize would actually be a lot better. What really matters is the Lightning Network which will allow for thousands of small purchases per second, even moreso than VISA, Mastercard, etc. This is what we truly need.  |
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"Virwox affiliate program" actually I prefer this one
20% of all the commissions paid to VirWoX by your referrals
I don't even understand how to buy Bitcoin from Virwox. Seriously it is complicated to buy compared to LocalBitcoins which is much better in my opinion. |
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There are just so many possibilities when it comes to integrating bitcoin to make it easier to use and to transact with. We have also read about ideas about bitcoin wallets being implanted on the body, smart cars that use bitcoin as payment for gasoline and repair and maintenance. This bitcoin interconnected with the mobile number is one of those ideas that could affect how we do our transactions in the future, but it is up to individuals if this will be a hit or miss thing. It's good for such ideas to come out so that there's a continuous development going on for bitcoin to reach an even wider base of users.
Bitcoin is already connected to our mobile numbers. When you sign up to exchanges they ask you to verify your phone number... that alone is connecting it. |
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I am really amazed, why would he be preaching against buying it when he probably has thousand s of dollars in the market, that guy is really bad, he is preaching against it so he can cash in while the poor peple are being reluctant I think Bitcoin is overpriced right now and due for a correction anytime soon. Hopefully it goes very high before though... like $5,000-6,000 at least! |
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I think if you are really concerned you could sell a portion of them if you think the correction is coming and as soon as it does use some of your profits to buy back in. However, long term if you dont need the money its probably worth just holding on.
Right, if you do not need money then it's better not to sell Bitcoin because the price will surely go above $5k and you never know may be it will increase further. So hold them for a bit longer. I agree dude. Hold Bitcoin and the price will go above $5,000 to $6,000 and beyond. That is my guess, although you can never know for sure in any market. |
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i think the best way to earn bitcoin is joining a campaign and by doing the requirements that they are having, they will pay you for the amount depending on your level. or if you are just testing and doing some of this because you have some extra time, you could do a gamble or a faucet bitcoins. however i don't really refer a faucet cause you would just earn a very little price or reward. but in gamble, it is your choice if you want to and gamble the bitcoins that you earn by doubling it, or losing it.  Yes indeed, you can make a fortune from ICOs getting free coins from airdrops and ICOs and bounty campaigns. The only thing is you will need to posts which takes a while, but you can make a lot. |
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That person use very low fees, only 0.00124868BTC for 2,014 bytes or 0.00062000BTC. It's wise decision since most micro-payment such as faucet or micro-jobs don't require fast payment.
Also, coinbase use high fees to ensure the transaction can get confirmation quickly.
I think low fees are OK, because unless you need Bitcoin asap usually it will clear within 24 hours and youve got your money. |
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Transactions take "so long" for the simple reason that you probably paid too low of fees. In the early days of Bitcoin it was possible to pay low fees or even no fee and your transactions would clear near instantly. Now, however, unless you pay 500+ satoshis/byte chances are you are going to be waiting longer than an hour, but this will get fixed with the Lightning Network. (hopefully, that is) |
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I hope in November we see some real progress. See, transactions are too high right now and it is killing Bitcoin... not literally, but if it continue like this then I am afraid it will. We need the Lightning Network.
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Emmmmm.... why shouldn't Bitcoin have a future? If people decide they want to buy it then why not? If it has value and serves a purpose then of course it should have a future!
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Is it too late? No... even when the price reaches $1,000,000 it won't be too late... that is just when most people will start buying, actually. hahaha
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You should have some internet marketing experience to start off, as well as a work ethic because some people think they will get Bitcoin for free.
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Bitcoin fees vary depending on the time of day and how many people are using the network. Right now the PRICE is exploding, which is causing unprecedented network congestion.
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I don't know because many people are accusing this coin of being a pump and dump which means the price is going to crash eventually and most the users will not be able to make a lot.
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Bitcoin Cash? Are you sure you did not mean to type Bitcoin "Crash"?! hahaha The future of this coin is like if you are stranded in the middle of Hurricane Harvey outside... |
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Honestly there are none that are as good as Monero. Monero is hands down the best one and no need for anything else.
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Creating a token named 'Waves Cash' on the Waves platform seems like a ridiculous idea as you're just trying to make us think about BTC and BCH. What good does this coin offer that isn't already existing?
Yeah and to make matters even worse, Bitcoin Cash SUCKS! Why would you name anything after this stupid altcoin that is bound to fail? |
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I wouldn't suggest using any bank if you can avoid it. They tend not to like Bitcoin transactions at the moment. My bank just stopped my ability to withdraw today.  |
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