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Yeah, this has been out for hours. Saw it on reddit, and also saw a thread here. I wonder why at the top of the forum where it says "news" it still haven't changed. They should change immediately, specially when a vulnerability exploit is happening. Tons of people notice Bitcoin updates because of this forum.
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This always comes pretty handy when you are trying to show someone why Bitcoin is the best form of money in the history of mankind:  The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument. For the "Sovereign" line item you should switch the red and green color codes. Why tho? You may be reading "sovereign" as independent or something along the lines. "Sorevering can also be an adj, "of or relating to a sovereign or sovereignty; royal." It says also "goverment issued". Fiat is goverment issued, Bitcoin doesn't care about goverment. Gold theoretically goes on it's own as well even tho this is delusional, everyone knows govs have control on gold too. Edit: Ok I just understood you meant only the color and not "low" and "high". |
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I have a friend in Cannes, France. You may not know anything about it, but there were terrible floods there 10 days ago. http://www.bbc.com/news/world-europe-34443189My friend told me her landline phone still doesn't work. There are no phones and no Internet in most of downtown Cannes. Electricity has been fixed quite rapidly, but for 2 days, the mobile phone networks were down, so no bitcoin, and no credit cards either! All the shops couldn't handle any transactions. The only thing which kept on working was the fiber optic network, I guess because that's the newest. The whole thing was very local. Everything was fine a few km North, but this shall reminds us that if there's a serious emergency, cash is the only safe option. Well, I wonder how situations like this would be deal with in the future once the governments finally get rid of physical cash and only issue "electronic" closed source money, so to speak. What will happen then? I wish there was a way to have "physical bitcoins" as an emergency temporal fix like that but it seems pointless. |
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I actually think some people making a living out of doing this, it's called arbritrage, basically you take advantage of the difference in prices between exchanges and buy cheaper in exchange A, then sell more expensive at exchange B. The problem is it takes time for the transaction to arrive so you may not make it.
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My biggest concern is not actual hacking of a security glitch or exploit that hackers may take advantage off, the big problem is when a group of people decide to create an exchange, act legit for a couple of weeks and then when you least expect it they play the "we just got hacked" card, so thats why its important to never leave funds inside.
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Here's an obvious but often forgotten trick: Like they've told you, if you are going to manually put an address, always copy paste it, but always, always, double click on it so it selects the entire string of characters without leaving a black space. I actually don't know what would happen if you put an address with a blank space at the end, but just in case, be sure that you don't leave any.
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I too had this question many times in mind when i started earning some bitcoins .. i would suggest you not to go to gambling right away ..
You must see for some good alt coins and invest on them and main key is patience. you must wait for a few days ..then only it wil be possible to make some profit.
I would not suggest for anyone at any point to consider gambling investing. This thread is investing, gambling is just that a gamble. Also like I like to say these gambling sites have no regulations. They avoid being hosted in certain countries to avoid being shutdown. Even if they are honest. The best case is you lose most of time by only a little. But the dodging and having no regulation part is what scares me most on gambling sites. Do not consider this a investment. Uh... a lot of BTC casinos are officially licensed. I'm not sure why you are trying to insinuate that none of them are. There are multiple that are subject to third-party checks as well (as part of their licensing). And at the same time a lot of BTC casinos aren't licensed also. What ones can you tell me that comply all the required regulations? And they may comply certain regulations on X country, but not the ones you are playing at. It is all a very grey area, just like everything with Bitcoin since it's still so new. |
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What part of "resources are limited" you don't get? Seriously, is not that hard. *There's no way in earth that we can deal with a competitive amount fo transactions per second if it all happens on-chain if you want to keep the blockchain decentralized*, period.
Raise the blocksize, and we will then need to raise it again, and again, and again, and it will be impossible to run a node, and Bitcoin will become totally centralized. You seem to ignore this part.
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I think once the anonymity of Bitcoin is perfect, we will see more and more gains in the porn industry, not only for porn in the classic sense (a website with movies that sell them through there, digital downloads etc but for the cam girls. All the girls will move to Bitcoin, so they don't have to give bank details to the site. There's mad money to be made on there.
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Well, just sit it up and hold until the price goes high again, and either keep holding or sell if you are too paranoid. If what you want is a get rich quick scheme that train sailed and it did 3 years ago. Now, to get rich with Bitcoin will need a good 5 to 10 years of holding and accumulating as much as possible which means the current price is simply perfect for long term visionaries.
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No one with a clue ever said "Bitcoin is anonymous", it's all about how you use it. It can be as anonymous as it gets, and it will only get more anonymous in the future. Once Darkwallet, Zerocoin etc get released, plus the incoming confidential transactions etc... it will be pretty anonymous for those that want that extra. |
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Sweet, I like that they specifically say "Bitcoin blockchain" and not "blockchain technology". I think the trend is now clear and the path is set: Once we have sidechains working it will be really easy for companies to have their own private blockchains which at the same time contribute to the Bitcoin ecosystem because they run ultimate under the BTC blockchain. |
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This always comes pretty handy when you are trying to show someone why Bitcoin is the best form of money in the history of mankind: The only reason Bitcoin isn't the 1# currency and store of value is because it lacks the marketing that violence backed currencies have. Gold has just centuries of existence and a huge network effect. Bitcoin is better money period, it's not even an argument. |
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I would love to play with some of the "traditional" stocks (not crypto related) using my Bitcoin so I don't have to leave the Bitcoin ecosystem to do so. I've become used to crypto exchanges and im honestly too lazy to deal with all those odd looking (to me) stock exchanges. I would love an exchange that feels like Poloniex or Crypto but you are able to deal with Tesla, Netflix, Microsoft etc.. stocks, a crypto -> stock exchange.
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I'm only worried about the fact that BTC exchanges can easily manipulate the price. That's my biggest concern.
That's slowly being addressed with 'proper' exchanges like Gemini. I think they'll have to work harder to wean folks off dodgy exchanges with ridiculous leverage though. Secretly plenty of people will rather miss the outrageous manipulation. There was money to be made in all directions. How can Gemini avoid the manipulation of the price? How can any exchange do this anyway? As long as the marketcap is low (4 billion is low) and as long as there is people holding tons of BTC, let alone people out there which are multi millonaire in BTC and could make the price skyrocket and move it at will.. we will remain prone to manipulation. I don't think markets can't do much, it's a natural progress, so let's enjoy the cheap price and the huge bubbles ahead, the big picture will be a never ending uptrend with ups and downs. |
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I don't want to sound like a conspiracy guy but im pretty sure the Nobel Prize has an agenda behind it just like everything that has that "officialism" halo around it, so I wouldn't count into Satoshi being given such a recognition by mainstream media, or at least not anytime soon. Maybe in decades. Right now im sure no one of the judges even know what Bitcoin is or understand it.
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It would be best to invest your money into reliable companies, real estate and precious metals such as Gold. That way you would grow up your wealth for years to come. Also, don't forget to invest in Bitcoin as it is a good investment  What is a reliable company? I can only thing of a handful, namely the big players that Warren Buffet always picks, but you aren't going to go rich with that or at least not unless you want to be a rich grandpa. I think more risk is welcome, when big money is to be made, and by investing in Bitcoin you are indirectly investing in every single Bitcoin company, that's another very cool thing about it. You don't need to pick anything in concrete if you aren't sure, just buy the "Bitcoin asset" which helps everyone involved. |
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Earning $1 in BTC per hour is possible with sig campaigns, if you have high rank in this forum, and joining good paying campaign , with no maximum posts (for example), and making a couple of constructive posts in this forum you can make this amount per hour easily.
with faucets, and even the Ponzi and HYIP systems it's too hard to earn this amount per hour.
In my current campaign you could do it, it takes about 10 posts to get that at current price, the thing is im only able to post during short breaks, and making 10 good posts cannot be done in 5 minutes unfortunately, so I can't wait to become Hero not to win more money, but to make the same money in less time. For me this is just a small extra, the real bitcoin stacking is done by good ol buying. |
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You can't kill Bitcoin, as we've seen time and time again. They've tried with technical attacks, and they've tried with trojan horses (XT) but it's not gonna happen. Bitcoin will remain strong and decentralized for life. Every living banker will be dead and Bitcoin will live on. Might as well deal with this. The only banks that will survive will be the pro-Bitcoin ones. Anti-Bitcoin ones will be seen as idiots that missed the point.
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It already happened!http://www.coindesk.com/blockstream-commercial-sidechain-bitcoin-exchanges/Blockstream really needed to prevent BigBlocks - and successfully did. Now, there is greater need for their offering: side chains. Side chains which they control, and they charge fees to use. This is just the start. There will be many, many more features of 'advanced systems' pushed out of the core, pushed away from 'free', and controlled by profiteers. Why did everyone listen to Blockstream when they so vigorously fought 8MB? now everyone gets to pay them fees!!! With 8MB blocks, no extra fees! Bitcoin is fucked now. With 8mb blocks = less and less people can deal with nodes and aren't able to run their own nodes = Bitcoin is fucked. Sorry to burst your bubble but resources are limited, and a fee market seems like the only way to go about this unless you want to raise the block size until becomes centralized and only private organizations are able to afford nodes just like now only private organizations are doing mining. We can't afford centralizing mining and nodes, and Lightning Networks seems like the best approach thus far. |
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