Bitcoin will not die because of price, I mean asic mining can die because of price but not bitcoin itself. Bitcoin will die if it will not improve (size of blockchain ,etc) , not gain mass adoption and some crypto coin or even more bizzare representation of value comes forward and will look so good that everybody jumps to it. Either way i think crypto is the way to go and even if bitcoin dies it will be because we have something even better.  If mining is over how would be blockchain secured? More that, wide adopted bitcoin will need adequate amount of hashrate. |
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The idea of money being an illusion used to be a major economic concept until the 1970s when it was replaced after criticism from Milton Friedman. He argued that you can fool people once, but not all the time. He argued that people would catch on to the government’s scheme. So if inflation was 5% they would demand a wage rise of 5%. This would nullify any government action.
That is the theory, in reality, if workers demand a 5% wage rise, they will be fired. They would still be fired if they do not accept a wage cut  It depends. Sometimes 5% of wage is less than cost of coaching for an unexperienced labourer. |
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I decided to deposit some amount of money every month. If price suddenly go above 500$ I will just cease to buy, but fiat reserves would be ready.
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eating a wagyu foie gras hors d'oeurve.
After reading this I'd rather see bitcoin sinking into oblivion. |
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For now, Bitcoin doesn't get the attention of the common internet user(the one that just keeps wasting time on social networks and listening to music), and as for now, it seens that it'll go to nowhere.
The lack os stability of the price and the simplicity of getting stolen all your money in one click is also reasons that Bitcoin cant grow much further, and if another currency does a good solution for that(even if it means mass adoption and good developers) it can pass by Bitcoin.
Yes. The security could be the most important concern. If somebody new in bitcoins would take a look at the "Thefts and scams" list he/she could feel frightened a bit. |
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If a government based crypto gets better infrastructure, approval from the government, ease of use, etc, I just don't see how the normal Billy Bob Joe will care for or understand the benefits of decentralization.
My highest hopes about bitcoin is to be the tender that is out of the sight of goverment, as here in Europe, they are going to legislate a law that will allow fiscal services to investigate your bank account deatils (especially transactions), whenever they want, without specific reason. |
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Yes, just like when bitcoin first came out in 2008. People never have enough of what they wanted. If bitcoin did succeed, that would be good for those who have an abundant amount, but for newbies it's going to be very hard.
It is the problem of expectations about bitcoin. Does success mean just high profit for holders and the game is over, or it is all about convenient and mass adopted, decentralized tender, no matter what price it is? |
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as far as i know there is not any way to get bitcoins for free
It depends if you consider your time and efforts as values equal to money. As I can see that you are enrolled in sig campaign I suppose there are no really free bitcoins for you at the moment |
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Wonder how many people would delay their payment just to wait for BTC price decrease - sort of gamble  |
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Many people find mining enjoyable as it looks like your machine serves you to literaly mine some assets from an unavailable source, or create something from basis. Others may like all this hardware-related things. Now, as the home mining keeps becoming less and less reasonable, the question is how much money one can expend for all that fun.
And in comparison buying coins could be perceived as boring - within few minutes whole process is copleted. In that case I suggest to try trading.
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I'd not invest a satoshi in DRK unless I would know exact time of the final dump. What was dark coins value in the first 48hr window?
What is 2*10^6 * 0?
This is your argument, reconsider it.
Main assumption of insta-/premine is that coin will reach any value in near future. |
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As far as I know the fees have been reduced once, who's saying that it can't be done?
Seems that this is the solution. If everyone don't add bitcoin to transaction fee / just add only 1 satoshi
Miners don't have choice & have to accept it
Even now, there are some transaction with very low fee / no fee but miners still accept it
Main purpose now for mining is block reward. I can't imagine that there would be so many miners paying electricity bills out of their pockets just to secure blockchain. |
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So what we have to do with this text now? Maybe ask about translation on Chinese board and repost it.
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well bitcoin is divisible, you cna just lower the fee to 1 satoshi
the problem could occur if even 1 satoshi will be worth a tons
I asked that question according to this: https://en.bitcoin.it/wiki/Transaction_fees Otherwise, the reference implementation will round up the transaction size to the next thousand bytes and add a fee of 0.1 mBTC (0.0001 BTC) per thousand bytes[1]. As an example, a fee of 0.1 mBTC (0.0001 BTC) would be added to a 746 byte transaction, and a fee of 0.2 mBTC (0.0002 BTC) would be added to a 1001 byte transaction. Users may increase the default 0.0001 BTC/kB fee setting, but cannot control transaction fees for each transaction. But i might misunderstood something. |
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Many BTC holders believe that one day BTC price will reach even 100.000$ as it will be wide adopted.
So, what fees shall people pay then just for sending for example 20$ worth of Bitcoin (0,0002 BTC)? I mean, if tx fee levels expressed in $ will be still reasonable comparing to the banks transfers charges? As far as I know there is some fixed tx fee depending on transaction size in block, but I don't know technical details though.
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Suspicious electrical use is grounds for a police raid in many countries.
That's really fucked up. Maybe they should charge people in advance according their electricity bills? Anti-drug policies are all about money and I think that is the reason of police officiousness in cases like mentioned. |
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Hard to say because I'm using Bitcoinium android widget on the main screen of my phone |
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"The bad" describes some issues that conventional money also is vulnerable to: -it can be stolen, -cash transactions are often more anonymous (however cash has limited usability) -money creation and financial regulations are far more complicated than cryptographic currencies mechanisms IMHO, also you don't have to fully understand that things to be able to use cryptos or fiat. Good job anyway |
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"The most powerful cryptocurrency since bitcoin."  We got one nice stock from one big miner who want to sale some LEOcoins, so you can get 20.000 LEOcoins at vip price 1.8€ coin!
Here you can save big money. LEOxChange will open in 15 days and i am sure price for 1 LEOcoin will be real fast over 10€ so you can make good money! Yes! Leocoin is the future of cryptocurrencies, time to dump all your bitcoins  So, they plan to sell 1 million coins (as the screen of their wallet shows) for 1,8 euro each? Seriously? Looks like the one of the biggest scams ever, time to prepair some popcorn. |
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USD/PLN (Polish złoty) 1 year chart.  Bitcoin volatility doesn't look bad in comparison |
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