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The political voting system often gets gamed in developed countries. Impostors have cast votes for others by voting by post, and sometimes when voting in person. Unless ID checks are done when voting in person I don't think there would be a foolproof system. Blockchain voting would suffer the same problems, people with access to other people's personal data could impersonate them.
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Now that the price of bitcoin has dropped below the $250, it is causing panic amid bitcoin-holders, speculators and everyone else who are related to the industry. It is being assumed that there is a connection between the constantly lowering bitcoin price and payment processor BitPay.
lol... wtf are you talking about  Bitcoin price is currently 375$. Stop taking drugs. I think the main reason that the bitcoin market price dropped a lot is because of mike hearn leaving bitcoin.
Yeah this + the block size drama. In my opinion it isn't related to the "official" fiat economy. The Chinese banks are shut for over a week because of their New year, so they won't be able to deposit on exchanges. Their buying power getting reduced at the same time as the mike hearn and block size dramas could have led to the Bitcoin market price drop. There could be further drops this week until their banks reopen. |
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The Chinese pboc meeting discussing crypto signals that it's gaining more acceptance from their government. It's like when the USA announced it wasn't banning Bitcoin and the price shot up to $1000. It could go higher than $420 on the news because it's the opposite of China banning Bitcoin, they are accepting it.
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what did just happen to cause this pump?
That's what I was going to ask. Is it just because it dumped yesterday, so it's pumping today, or is there any news that made it pump? It's been range bound for the last half a week, and it could go back down to the lower end of the range if the pump's not because of any news, or perhaps it will break out of the range. |
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Avarage cost for the big farms has always been quite a bit LOWER than average price, with the exception of a couple of very early farms that have probably sold out or shut down by now (like the Polish megafarm that was trying to sell of large quantities of 55nm Bitfury gear a couple of months back or so).
Very few large farms TODAY are paying more than about 3c/KWH for their electric, which keeps their production costs quite a bit lower than the large majority of "home" miners.
The bulks of Bitcoin mining is done by large farms, which has been true for a while though I can't say HOW long that's been true. I'd guess "3-4 years ago" would be the timeframe that the large farms started mining more than half of all Bitcoin mined.
There was a user here who claimed the large farms are frequently also the equipment manufacturers. He said they manufacture the latest equipment, mine with it, then sell it to the small miners. If it's true then some of the large farms have no hardware costs, they make a profit on their hardware and only have to pay for electricity. |
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I've noticed that the beta of the new forum only lets you view topics after you have signed in; is this just for the beta or will this be a permanent feature?
Basically, it allows posting in topics/threads. You're surfing the beta forum with an older browser, I guess.
Does anyone know if it will allow guests and people who don't have an account to view the forums without signing in?
It's under development mode ; Let theymos decide. P.S. He'll do some micro updates for sure. If guests and people who don't have an account could view the beta forums the Google spider would index them, and beta forum page links would start showing in Google searches. That might be why Theymos decided to only allow logged in users to view the beta. |
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Thanks for all the replys guys , enjoyed reading them.
Valid points of view presented here but we still have to take into consideration that not every miner is a big farm , and not every miner lives in the same country with same electricity costs.
When the price crashed to $150 last January there were small pools that had to shut down because they said it was unprofitable for them to continue mining. The bigger pools carried on mining, probably because their miners had better hardware and cheaper electricity. One member here said he generated electricity for free off his own waterfall and had paid for his mining equipment, so he could mine Bitcoins for nothing. Miners have differing costs of producing Bitcoins, and if the lowest price dropped to single digits there would still be some miners continuing to mine and making a profit. The buyers decide the price, not the miners. |
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If you don't want to read through all his bitcointalk posts there are links to his most important quotes collected on a page at the nakamotoinstitute. http://satoshi.nakamotoinstitute.org/quotes/The website is a useful resource that collects together all his work, and the early history of Bitcoin. There is also a page with links to all his bitcointalk posts with titles so you can quickly find what you want. How did those quotes become public? They are collected from his online publications including the original Bitcoin paper, various online cryptography mailing lists, and bitcointalk. He first discussed and announced Bitcoin on a mailing list called the cypherpunk mailing list. His later quotes mostly come from bitcointalk. |
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If you don't want to read through all his bitcointalk posts there are links to his most important quotes collected on a page at the nakamotoinstitute. http://satoshi.nakamotoinstitute.org/quotes/The website is a useful resource that collects together all his work, and the early history of Bitcoin. There is also a page with links to all his bitcointalk posts with titles so you can quickly find what you want. |
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I'm a self taught investor, currently I'm having 64.47% of money invested in Bitcoins(Buy & Hold), and about 35.53% are (Stocks, ETFs)
I'm currently 20yo doesn't need to generate income(yet) to support family, but I'm using investing as an approach to fund my further studies.
Since I'm young, and no finance pressure, my portfolio are more aggressive than conservative, I'm wanting a 20% growth per year.
Right now the halving is coming, as a bitcoin investor, I believed that the value of bitcoins will surely goes up and shine in this year or next year.
Should I move another 15% from my (stocks, etfs) into btc ? Considering they might not perform well in this year..
Nice to see young guys thinking ahead and learning how to invest. Many stocks are plummeting right now so if you do your research you should find some bargains. Other than that I think for people like us, Bitcoin is the best investments one can made right now. Considering that you don't mind the risk associated then I think it's a good idea. Moving some money out of stocks into Bitcoin, and waiting until the stocks hit the despair phase to buy back could give a good return. Buy them back when they are low because everyone else has given up on them, wait then sell them when they are high and everyone else is waiting to buy them. Bitcoin's been more stable than stocks lately. |
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Nice spike in BDD...   Almost as if someone is getting ready for something. I know history doesn't repeat itself. But history repeats itself. If this choo choo doesn't start chugging hard we're going to get a smackdown from finex in mid-january. Disclaimer: I'm full of shit, everything is rosy.Hi, Maybe a noob question, but what does this mean? Thx :-) The chart? It means that someone moved a lot of old coins (edit: that haven't been moved in a long time). The general assumption is that it is in order to dump on an exchange. Whether or not that is true can be difficult to know, but traders may treat it as a dump signal nonetheless. When someone moves a lot of old coins that haven't moved in a long time there is often someone here who finds the transactions they moved in and posts them here. I'm not clever enough to track them but I would be grateful if someone who is posts them here for us to see. I'd like to know exactly how long it was since those coins moved. |
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Come on reach that $500 mark that everybody is hoping for. So close now bring a well deserved gift to all the holders out there. Where is bitcoin Santa anyways? No giveaways this year for Christmas???
They banned posting addresses for giveaways, which forces people to either link to a giveaway on another forum, or request people pm addresses to them. Nevertheless I thought there might have been a few giveaways on Christmas eve. Perhaps there might be a few on New Years eve. |
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That's one hell of a dump. I was advised (not by someone here) to put a stop at 440. Luckily I didn't take the crappy advice I was offered. Nightmare, it's down to 426 now. That's a $50 drop on stamp in less than half an hour!
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For the moment it dosent look like chines are too excited about passing 3000 yuan level.
Are they still sleeping at Saturday morning? Its 9:00 am there.
Do the Chinese banks process wires to exchanges on a Saturday morning? They don't do it in the west. How are the Chinese going to get past the 3000 yuan level until their wires from their banks arrive in the exchanges? Perhaps things will cool off until Monday when the banks open again. |
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UPDATE: Friday, Dec. 11, 4:24 p.m.: Charles Sturt University denies some of Craig Wright's claims regarding his education at the university, including that he completed a thesis.
epic! lol
On Friday afternoon, Charles Sturt University released a statement via email to Mashable confirming Wright completed three qualifications from the university: Master of Networking and Systems Administration, Master of Management (Information Technology) and Master of Information Systems Security.
He was not awarded a Doctor of Philosophy (PhD) by the university, a Masters in Systems Development or a degree in Psychology as he claimed on his LinkedIn page and in his resume. http://mashable.com/2015/12/10/bitcoin-satoshi-nakamoto-craig-wright/#rYl7EY79JSqQMega epic. Bit lulz.  He tried submitting a paper to a security conference in 2008, and it was rejected. If Satoshi wrote any papers about anything for conferences I doubt they would have been rejected. This guy is a joke calling himself a doctor when he doesn't have a doctorate. Another fact: in 2008, the same year Satoshi Nakamoto started talking about Bitcoin, Craig Wright submitted a paper to security conference Hack In The Box, held in Malaysia. It was entitled ‘Live Forensics in the Age of Virtualisation’. It didn’t get accepted. http://www.forbes.com/sites/thomasbrewster/2015/12/11/bitcoin-creator-satoshi-craig-wright-lies-hoax/ |
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This link shows a message hidden in the code behind the first block. The message says " The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" after decoding. It's pretty obvious why he invented Bitcoin after reading that message. The banks can't steal your Bitcoins out of your bank account when they go bankrupt. https://blockchain.info/tx/4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b?show_adv=trueCoinBase
04ffff001d0104455468652054696d65732030332f4a616e2f32303039204368616e63656c6c6f7 2206f6e206272696e6b206f66207365636f6e64206261696c6f757420666f722062616e6b73
(decoded) �� EThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks |
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This can not be proven because all sources can not be found via them using the darkweb or darknet or what ever you would like to call it.
All in all guns and muntions can be bought from any source and even given away to their enemies to fight a war that they don't want to directly fight in. Like what happened in Iran Russia conflict.
I read other stories about it that say the police are playing down suspicions the arrested arms dealer sold the weapons used in the attack. It's the newspapers that are speculating. It's too early to say whether the story is true or not, it's all speculation. Until the police make a statement we won't know the truth. |
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If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice? Deposit at least 1 BTC and receive 1 BTC for FREE How could this be for real? Could they be planning an exit scam? It's a scam site, not the real primedice. Bitcoinblackfriday.info is trying to scam people by posting links to fake sites with incredible offers. The links look almost like the real versions, but they have slight differences. There are scam site links mixed together with legit site links to make the scam ones harder to spot. Theymos has posted a warning about the bitcoinblackfriday.info scam in one of the bitcointalk advertising banners. I didn't follow their announcements etc. so I don't know much about them. But just by looking at 5 of their top 8 ads: deals.bitcoinblackfriday.info/offer/primedice-deposit-at-least-1-btc-and-receive-1-btc-for-free/ links to primedice.io instead of https://primedice.comdeals.bitcoinblackfriday.info/offer/trezor-the-hardware-bitcoin-wallet/ links to buy-trezor.com instead of http://buytrezor.comdeals.bitcoinblackfriday.info/offer/spondoolies-tech-sp50/ links to sqondoolies-tech.com instead of http://www.spondoolies-tech.comdeals.bitcoinblackfriday.info/offer/gyft-25-discount-for-all-gift-cards/ links to appgyft.com instead of https://app.gyft.comObvious scam is obvious.Owner at forums: https://bitcointalk.org/index.php?action=profile;u=525055 |
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my other point is that the overall sentiment on this forum seems to remain super-bullish, no matter what the price trend. Yet, (aside from a few temporary jumps like last week) we remain bearish. I just think that the few whales who I think are affecting the price act independently of anything that is said on this forum.
The number of people posting could be a better sentiment indicator than the nature of the posts they make. Before the pump to 500 there were very few of the regulars left posting, and considerably less posts on the forum overall. Once the pump started users who had been inactive for months started posting prolifically. |
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