if there is still a spot, I'd like to join.
It seems there is not a way to know if there are free slots... so I want to try my luck too.. send PM if there is a spot left OP. |
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It's impossible to know how many coins have ever been lost in total, a lot of the addresses that show tons of Bitcoins might as well be coins from early adopters that have been lost forever because since Bitcoin was 0 dollars back then, they didn't gave a fuck about properly storing them, and then years later they find out they deleted/lost password/whatnot, and tons of BTC get lost, shrinking the supply, and making everyone else holding wealthier.
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The main reason people hoard is because getting Bitcoin is difficult in the first place, this coupled with the fact that the current system is collapsing and Bitcoin is expected to increase in price x1000+ over the next years, makes people think of Bitcoin as gold as not as money to buy groceries.
But still if people got paid in Bitcoin they would use it more, because it feels less of hassle spending Bitcoin you got paid directly at your address than having to buy bitcoin with fiat, then buy whatever with the Bitcoin you just bought, in fact this is pretty stupid. Why would you do this when you can buy with fiat directly. There has to be a real reason behind, like I explained.
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BRK is also a useless asset that just sits there, and hopefully you can you can trade it to a greater fool down the road.
Bitcoin has actual utility and can grow to the second tier of money: a transactional economy.
Bitcoin has a strong chance to grow to a paltry 21 times the size of BRK and could conceivably go much higher.
well brk owns real companies, that provide real jobs, that make real products and give real services.... You are delusional if you think BRK-A price per stock corresponds in real life in a 1:1 scale to the actual produced goods by those companies. The stock market is a big speculation and people will price things whatever they are willing to pay for them. Bitcoin offers real (and extremely unique) services thanks to its technology, which is already providing new jobs as well, and can be used to sell real products (and make real products if you get founding thanks to it). You aren't looking at it the right way, this is not how things work to be frank. |
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He talks about the financial crises in bitcoin! -> Translation: Bearmarket is over. He knows a huge pump is coming and this is exactly why he is afraid, the blocksize limit could be too small.
Not really, it sounds like he's talking about the economy in the classic sense, nothing to do with BTC. Im a proposal for a blocksize increase and like his model of 8MB of increase per 2 year schelude, but if this guy thinks the financial crisis is over then he has no idea whatsoever when it comes to actual geopolitics/economics. Let's not forget this guy is a geek/nerd at heart and not a geopolitical analyst. I had a laugh at reading myself right now. I have learned a lot for the past months, and im no longer pro-BIP 101. I can't believe I was drinking the koolaid of the big blocks back then. I understand clueless people dreaming with huge blocks now, that don't get we need LN and not a risky big block schelude that may or not may be sustainable in the long term. The more you know. |
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Signature campaign owners are doing a great job in spreading Bitcoin into a lot of people, but Bitcoin will nature even itself out across a lot of hands because whales will sell a ton of times with every price peak we have. For every 100 dollars we go up, at least a couple big time whales are going to sell out of fear, which means a ton of new different people owning Bitcoin every time that happens.
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What do you mean? Do you mean: Advantages and disadvantages OF Bitcoin?
All the advantages are world class World class post by Bitcoinpro indeed. In any case, I would say that the advantages of Bitcoin are: -You can be responsible for your own money (non goverment issued) -You can move the coins anywhere in the world without the need of anyone but you and the other person involved in the transaction -It is anonymous (if you take the required measures) Disadvantages: -It's still a small niche, we are way too ahead in time, we are from the future, and most people are stuck in the middle ages, but we will someday shine. |
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Great question (I did not know myself) and great answers too. I once thought that the wallet.dat held the blocks downloaded from the blockchain and it would be too costly to make a backup (lol). Although the wallet.dat is not that difficult to backup, It is even better to know you can memorize the passphrase and have a backup of your wallet in your head.
the problem with backing up a wallet.dat. is that when you next send a transaction. it creates a new 'change' address created randomly and stores that to the wallet.dat. making the backup instantly out of date as the backup doesnt have that new randomly generated change address, and requires re-backing up every time you do a transaction. with HD seeds you dont need to worry because private keys are created using the same seed. laymens(not exact coding so dont judge) key1=hash(mortalphilosophyvealspeciesporpoises1) key2=hash(mortalphilosophyvealspeciesporpoises2) key3=hash(mortalphilosophyvealspeciesporpoises3) and so on so as long as you know the seed eg mortal philosophy veal species porpoises then the program will always be able to append the numberic sequence to get all the addresses attached to that seed True.. maintaining a wallet.dat updated is pretty annoying cause everytime you create a new recieving address you need to copy paste it into every single device that you are storing a backup My question is: why is Core still dealing with this method of creating addresses if HD is so great? there must be some tradeoffs that make wallet.dat as it is now in Core not being HD, some security concenrs? or in the future we can enjoy HD in Core too and not worry about copying wallet.dat a million times? |
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Im going to be buying until june, when the insane pump will happen. Will be 1K, 4.5K, 12K? Nobody knows, but it will be huge, and im not sure I even want to short, so I'll probably hold. I would become too depressed if I sold too early trying to sell and therefore being left off the game as I fail to realize then to cut loses and buy back.
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Well, remember this?  It's happening again, and as it happens and again, the price will go higher as it gets more serious. It has been the first time inhistory that China had to stop the market to stop it from collapsing again after the 7% plunge. Anyone not seeing the necessity of Bitcoin is missing the point. The next 1-3 years are absolutely deciding. Everyone holding a decent amount of BTC are millionaires in the making. |
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Billions of Dollars wouldn't effect a nations currency, as you'd think. Especially, it being CNY and also take into account that if China knew that loaning that amount would put them at risk economically they would have not made the agreement on the loan.
It may not affect a nations currency, but it's an huge impact on the bitcoin marketcap which is only a tiny amount at the moment, not even 2 figure billion marketcap yet, we are yet to see x1000 growth minimum, I wish a couple of countries pulled a China/Cyprus and everyone started getting their money out of their respective countries thanks to Bitcoin. |
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If anyone is still dreaming for sub 400 Bitcoin I don't know in what planet this person would have been living for the past month. Bitcoin is as bullish as ever, 2016 is the year where Bitcoin shines, a day without buying 3 figures per Bitcoin is simply missing the point. Im still staking up at 400's when some people is starting to think about shorting.. clueless.
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Hi!  I recently created a thread asking for the best methods of gaining free Bitcoin. Most popular results:- Signature Campaign (High Paying)
- Faucets (Low Paying)
- Trading (Variable)
Now, I'm asking a different question. What are your best methods of growing Bitcoin. Only refer to safe investments!Thanks a list that you create is very precise, only now it can be relied upon to find or produce bitcoin, and the largest sequence is still the signature campaign, sometimes there is also the added gambling at the top, because it can earn large amounts of bitcoin  yeah signature campaign are the safest way to earn bitcoin along with service offering gambling could be also a way to earn if you are lucky enough Signature campaigns are only a small bonus which will not make you any decent amount of Bitcoin to be honest, they need to be seen as a nice extra but never as a reliable way to make a portfolio, so I would try to find alternative ways to get new Bitcoin coming monthly. |
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I came to figure out, why would a consumer/customer use Bitcoins?
You have to pay the 3 cent fee, while you dont have to pay anything when paying with a credit card.
So what is really a benefit for using Bitcoins, customer wise?
Banks charge you a fee every year to maintain your account, among withdrawal/deposit fees. In order to have money to spend using credit cards or other online payment systems, you need to have a bank account. There are fees outside of transaction fees that have a large effect. $0.03/transaction is very little in comparison to bank fees, you'd have to make over 10,000 transactions to meet some of the fees, which typically tally in around $300 total. Some online wallets don't charge you any transaction fees either, so it is entirely possible to avoid the fees altogether. Some people would rather pay the bank to keep their money safe so they don't have to deal with it, also most people don't like volatility. Maybe in the future the culture of self-responsibility will be stronger, and Bitcoin is a dream come true for those that want to be responsible of their own money (and assume the given volatility of an emerging asset). |
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We are too ahead in the game to see another Mt Gox version happening, such an incident was so massive because basically the only way to trade Bitcoin in an exchange type of way was to deal with Mt Gox, because well, it was the only exchange in the world. Now the monopoly is over, we have tons of options, the money is well spread across a ton of exchanges.
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Bitcoin is delivering a fantastic performance as stocks all over the world collapse, OP could have never been more wrong with his prediction. Im sorry, but we are yet to begin the real uprise. Best time to be a Bitcoin holder in human history is right now and beyond.
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Always a great to pump. Ouch, it still feels bad reading OP, he couldn't handle the shame of his failed prediction and has never signed back since then. I wonder if when the failed predictions of doom like kwuckduck never happen, they will face the shame of being wrong or they will leave too? We'll see.
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I had this though going on my mind about all the hyip websites.
All the topics being posted in gambling section and investment related ones made me reach a conclusion.
It is quite obvious but lets take it as a game itself.
Imagine a gambling system ( IMO probably fair my ... ) let you win win win and then when u go big and greedy its over in a blink of an eye.
Who could say all these complex gambling games or system coming up isn't rigged by the coders.
so back to the point,
many of the hyip website come online for a month or so, with good investment of their own to fool people for some time and when they have earn more than invested they jsut disappear.
So why dont we do it like gambling. Just have to know when to stop. since all these website now a days show TXID for legitimacy. i think we could maybe withdraw on the right time.
do not invest more that you are willing to lose. same concept of gambling.
I think this is quite different between gambling and HYIP. HYIP is already scam you from the start you are invest on it but with gambling although you make some small bet but with some luck you can win big enough and I am sure most site will pay you out and you can withdraw it directly or may be instant. read the patterns
there is no pattern in gambling games. It is just mostly pure luck I kind of agree. There are no patterns, we just form patterns in our minds, like we are on a winning streak, and we sense that we are about to lose, but this is just %, statistics, chance, it's not a true pattern by the strict definition of the word. |
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Thank good with Bitcoin we can know if the casino is scamming us or not. It should be easy to look at the code of the casino and audit it to know if you are just being paranoid or they are somehow exploiting your bets, but it's very rare that a decent casino is doing this because they wouldn't stay in business for a single day after the incident is revealed.
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I think there is yes, it's pretty niche and selective but this shouldn't be happening at any levels. It shows Bitcoin still fails at being completely fungible. We need more privacy and the blockchain to be less transparent if we want to gain more fungibility. In the future with the BIPs that are coming we will reach this goal tho.
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