I think that trying to maintain a market equilibrium will be difficult because you don't know the shapes of either the supply or demand curves. I assumed that you were going to tweak the money supply based on the velocity (more specifically bitcoin-days destroyed) in order to match the current production, but that is probably just as difficult to do.

That is temporary. The price will stabilize when we have wide adoption.

Here are my issues:

1. Your currency is strictly inflationary. There is no way to remove "excess" currency from the economy.
2. You haven't described your "algorithm" for determining demand, and that is the key to your whole proposal.

I suggest that you reformat your post to make it easier to read. It is well-written, but most people aren't going to read a wall of text.


I don't believe that it true. If the value increases by 2%-3% per year, then there will be some additional saving, but to say that there would be "very little incentive to spend" seems to be quite an exaggeration.

Consider that inflation is the opposite of deflation, and your arguments could be presented in the opposite sense with dollars to show how overstated they are:


Now, we know that people save even when the currency is inflationary (thought they may save less), so we can assume that they will spend when it is deflationary (though probably less).

Dead cat bounce, more likely.

Nobody wins in a trade war. Everybody loses.


You have it backwards. Trump has hurt America in order to enrich his corporate allies. A few corporations will benefit at the expense of everyone, including their employees.

Baseless? You must be new.

Vitalik Buterin has been around for a long time, and I know him well enough to know that he doesn't consider Bitcoin and Ethereum to be competitors.

Craig Wright is a fraud. That is a fact. So, I agree with Vitalik. Why did the conference have such a person as a speaker? It only makes Bitcoin and the entire crypto space look bad.

Your wallet creates and maintains addresses. If you want to receive bitcoins into your wallet, you send them to an address that it provides. All transactions are broadcasted to all nodes, as well as all blocks containing/confirming those transactions. Periodically, your wallet requests information from a node in the network about all of its addresses and it will display their current statuses. Transactions typically take several minutes to be confirmed (included in a block) by miners.

If you want more help, you will need to provide relevant transaction ids and addresses

Easy. Fix your grammar and don't write a sentence in the form of a puzzle for the reader to solve.

I bought a leather case for my Keepkey HW wallet at a Blockchain conference today. The case fits perfectly and I really like it. They have leather cases for all the major HW wallets.

I thought I would let everyone here know about the company. Here is the site:

https://www.cryptohwwallet.com/leather-cases.html

There is another name for "buying on the dip". It is also known as "catching a falling knife".

https://www.investopedia.com/terms/f/fallingknife.asp

That article is full of misconceptions.


It is not possible to make Bitcoin mining less energy intensive. It is designed to be energy intensive.


Price drops affect large and small miners equally. It is the cost of power that matters most, not the size of the operation.


Wouldn't big miners use it too? I don't think it will have an effect on the profitability of small miners.


More people mining means a higher difficulty that negates the benefits of higher efficiency. Profitability is not affected.
The profitability of mining has no effect on the price. The opposite is true, though. The price affects profitability.
That quote is confusing. It seems to say that more people will mine because it will supposedly more profitable, but more people won't mine because of electricity costs.

In this case, finding out that this is just an April Fool's joke is a disappointment.

The transaction was confirmed in the next block  ... even before you posted ... but, some blocks take a long time.

Those people that recommend icobench must not be aware that companies pay icobench to promote their ICOs.

1. I can't think of many good reasons for memorizing an address. Anyway, sometimes transferring an address between devices can be cumbersome, but usually it is not a problem and there are ways other than writing it down. Some sort of address registration service might be helpful, but if it were really necessary, it would have already been created.

2. The problem with being able to get your money back when you make a mistake is that you can also get your money back when you don't. It enables the kind of serious fraud that banks and credit card companies have to deal with. If you need a third-party to validate transactions, then you have eliminated the main advantage of a cryptocurrency.

It seems like what you are asking for is a banking system and debit cards. That has all the features you want and it already exists.

The most effective way to lower your risk is to do more research.

I define a bubble as an event in which a speculation-based positive feedback loop pushes the price of asset far above a reasonable value (based on a risk-adjusted discounted future price), inevitably followed by a crash that returns the price to rationality.

Bitcoin is clearly in a bubble (that has popped). However, unlike the FUDsters, I don't believe that a reasonable future price is 0.

This current bubble is not unusual or unique in any way as Bitcoin has experienced several bubbles in the past. This one has been moderate compared to the others.

My prediction is that the price will level out at around $5000 over the next several months and then perhaps start slowly rising again as people see that Bitcoin is not going away.


I have been an active investor and entrepreneur for decades, and I have been actively involved with Bitcoin since 2011. I feel that those who claim that Bitcoin is not in a bubble are the ignorant (or perhaps just wishful) ones.

Unless you can provide proof of the existence of this "cartel" and identify its members, then you have posted nothing more than a grand conspiracy theory.

Furthermore, even if some of the article contains truth, that does not mean any of the rest of it does.

Perhaps you might also consider that if you sold half of your BTC when your wife wanted you to, you would be $1000 per bitcoin richer right now.