It's called pseudoanonimity.. I think it works a bit like Tor. But we need more, that's why I think Coinjoin should be used by default, to transactions are always mixed and tracing is impossible, so this way only the people involved in transaction would know it happened.

So Coinjoin acts in away where inputs and outputs are all mixed up so no one can know who is sending what, pretty cool, but it's a pain in the ass to use the service, I still have no idea how it works. Why not just have this nicely integrated in the wallet? if not default then optional, but in the wallet, please don't make people have to leave their wallets to do some weird geek stuff.

If we want Bitcoin to be p2p cash like satoshi wanted to, we need to consider all of this and make it as easy to use as possible.

The name is pretty good to be frank, clever use of initials but I still think Bitcoin is not a better alternative than cash for such thing. I mean sure, you can easily tumble the coins, but it's too much hassle, why not just pay with cash?

We need more fungibility with Bitcoin, before one feels safe paying such service with it. Of course when cash is removed by governments Bitcoin will be the king of all of this, but we need more fungibility nonetheless.

Wences is a future billonaire in the makings. He's offering a good service with Xapo, and he has the right mindset as a long term investor. Same goes for the Winklevii, with their Gemini service, and also long term holders that will not give in on the temptation to dump for the dollar when rallies occur. In 10 years those people will be big player in economy.

It makes absolutely no sense to wait for an ideal price of 200$ as a long term investor. If you are for the long term as every intelligent Bitcoin investor is, getting at 200, or even 1000, doesn't really matter. If you are here to hold for 10 years, anything on 3 figures is a steal and part of the accumulation phase.

Yes, OP is talking about the actual blockchain, not blockchain.info
To sum this OP, banks are just trying to cope with the fact that they will get eventually deprecated by Bitcoin, so they are selling this "blockchain technology" propaganda to keep living longer. But the fact is, a blockchain without a decentralized token like Bitcoin, it's just a more fancy excel spreadsheet, something boring and unexciting. The real progress will be on a decentralized blockchain and Bitcoin's one is the king.

OP nailed the 380 number, this seems like the new floor, it just keeps fluctuating 10 dollars up and down around there. Either someone wants to keep it on there, or it has found a naturally new stable price. As predicted, we are making progress (coming from the last floor which was around a 250 dollar average)

Accepting Bitcoin is so easy and basically free that you must be an idiot to not accept it. All merchants ever don't accepting Bitcoin are just ignorant about it. They are losing on a potential economy that they don't even know to exist. I think most of them who have heard about it are waiting for a "snowball effect" to ensue.

This unfortunately defeats the purpose. If you need to exchange for fiat it's not worth the hassle, might as well just paid with your fiat in your bank account, steam games aren't that expensive to lose some Bitcoin over it (count in the exchange fees etc).

How safe is buying a steam gift card with Bitcoin then using that to buy it? I can't also trust random people selling me serial keys.

I have considered telling my family and some of my friends about Bitcoin but whenever I've tried, they fail to understand why it does have value and why it is extremely important specially in the current socioeconomic context.. they don't get it and see it as something really strange. Needless to say I wouldn't tell them to put any money on it. In a way it feels like im keeping something amazing to myself, but at the same time, I don't want to put people into the pressure of holding through rallies long term because most people aren't cut for that.

How to introduce Bitcoin to absolutely clueless people and is there even a point? Should we just let time pass and wait for them to naturally learn about it once it goes more mainstream?

I am for some reason extremely paranoid of storing in paper wallets long term. I have the feeling that I would eventually screw up. That I would lose the paper, unless I did a ton of copies or something. But something could happen, like a flood, or some guy going into my house and stealing it or something. With digital copies, you can have thousands of copies anywhere you like, and encrypted and hidden so they don't even show up as a wallet file.. seems more safe to me than some piece of paper.

I am amusing that it¡'s because they want to have their business aligned within all laws and regulations because they don't want to work under the table so to speak, which is what basically you are doing if you are doing a job and getting paid directly on Bitcoin on a personal address (the gov will never be able to tax that).

Im all up for free discussion, but XT is shit. It is not only against the decentralization of nodes principle as above everything else (the most fundamental one), but it as all the dodgy anti anonymity features as well (the fishy anti TOR code..)

This is what's happening.



Wait until more and more people discover Bitcoin on China, and then wait for more countries to start ruining people's wealth by capital controls (it will happen worldwide because the economy is rotten). Then we'll be talking about the good old days when BTC was still 4 figures.

The only way for Bitcoin is to go to 5 figures eventually. The limited supply dictates that price as the demand increases. It only take a couple whales fearing their capital controls on their countries to drive the price at such level. Of course we have the usual FUDsters in this thread where they would call insane anyone that claimed $500 before 2016. Those short termed idiots will be shaken with the ups and downs. For some reason morons don't understand 5 billion is shit nothing compared to the average venture out there.

It's orbiting arond 470 and 440 now, a little bit of correction is good, otherwise it will be percieved as an insane uptrend. A healthy correction followed by more uptrend is very predictable at a psychological number like 500. It was meant to happen that at 500 some people would start panic selling (this only means more Bitcoin for different hands, redistribution is good).

Crashing? My god we come from 250 and you call a correction crashing. What happened to patience in the 21th century? Also why did you pretend to mine anything with an i7? You could only mine altcoins with that, when they are launched. How about doing some research before investing?
Just keep the computer if you don't need the money and your previous one was old, or sell it and buy more BTC while it corrects.

Yeah this is nonsense.

Also about the blockchain split, in the unfortunate even that this happened, your funds would be availible on both chains, so you would never lose money.

I wouldn't worry much about those things tho, I find the whole debate to be very overly dramatic and overblown. Just keep on collecting the cheap coins while it's still 3 figures.

This is not even debatable. You are asking if Bitcoin will "ever" reach 1000. This is like asking if 2+2 isn't 4 or not. Of course it will reach 1000, the question here is when. Can it happen before Xmas, next year? It doesn't really matter, it will eventually happen. I am personally hoping for this uptrend to go back again because getting Bitcoin is getting harder by the minute, and I want to have more Bitcoins before the real shit hits the fan.

Yes I have noticed this too, and that is why their only way to stay calm is to try to rebrand Bitcoin as blockchain technology so they can sleep better at night, how amusing
I am sure that secretly a lot of bankers own a lot of Bitcoin already and have them in some form of cold storage "just in case it success."