There's code in bitcoin to reject very small amounts (known as dust) on purpose to prevent
spamming (sending millions of transactions of 1 satoshi, etc).
The dust threshold was introduced in 0.8.2 and was set at 5430 satoshi. https://bitcointalk.org/index.php?topic=219504.00.8.2 Release notes
Fee Policy changes
The default fee for low-priority transactions is lowered from 0.0005 BTC
(for each 1,000 bytes in the transaction; an average transaction is
about 500 bytes) to 0.0001 BTC.
Payments (transaction outputs) of 0.543 times the minimum relay fee
(0.00005430 BTC) are now considered 'non-standard', because storing them
costs the network more than they are worth and spending them will usually
cost their owner more in transaction fees than they are worth.
Anyone knows whether the threshold has been changed after the min relay fee has been dropped in 0.9.0? |
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Can hyped up non-existent vaporware cure cancer? Anyone's guess. I saw and early whitepaper for that and it was full of technobabble and set of my personal sleaze alarms.
What/which "storage problem" are you talking about?
The storage problem of the blockchain becoming terabytes in size and your average person does not have the incentive or means to be a full node. Not sure if this is really a 'problem' problem, though, if some minimum amount of full nodes are plenty for the network to thrive. Right now, the average block size is around 200KB. At 10 minutes a block, the blockchain will grow 10.5 GB a year. Even at the maximum block size 1 MB, the blockchain will "only" grow 50GB a year. It will take dozens of years at least to reach terabytes, and the HDD size and internet bandwidth should be a lot better dozens of years later. |
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Congrats for reaching 600mil bets  User ID 9940 |
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actually, it's means, in a wrods,China government want to ban bitcoin just said before, and we believe chinese could hardly find a way
deposit money to exchange or even withdrawal money from exchange in the near future. At least, people in China can still use the ATMs and do p2p trades. I missed a key update: Do the Chinese BTC atm's have fiat coming out, or only going in? Only going in, you can insert a cash bill to ATM and buy some coins then the coins will be sent to your wallet. Actually , it‘s not really an ATM, defining it as a Bitcoin-vending machine will be more accurate. Hmm, so it is just one way and people can only buy bitcoin.  Thanks for the explanation. |
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actually, it's means, in a wrods,China government want to ban bitcoin just said before, and we believe chinese could hardly find a way
deposit money to exchange or even withdrawal money from exchange in the near future. At least, people in China can still use the ATMs and do p2p trades. They reserve ATMs for the next ban. P2P trading is possible but not for large volume, it's also inconvenient. China market will never has the same volume with this method. That's true. What about the Chinese people going to Hong Kong and make trades there? I know it is definitely inconvenient and time-consuming, but is it feasible? |
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I'm so tired of news about China and bitcoins.
Same here. I am tired of those China ban news. TBH, I prefer to see China officially banning bitcoin, than keep seeing those rumors/news every month. |
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Those Ghash.io blocks used 1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC as the block reward address. But the blocks you posted are not. |
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OK, but if I want to accept other coins as payment (LTC, DOGE, VTC, BlackCoin etc.) how can I do this ?
I don't know any place to convert the altcoin payments automatically to fiat. Maybe you would need to make the trade yourself with an altcoin exchange. |
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Some places have ATMs installed already
But OP mentioned already that there is no ATMs near him. We dont have a BTC ATM here (yet).
Im in New Zealand and Auckland is the only place with a Bitcoin ATM.
Besides i thought those ATM's took credit cards, but perhaps im wrong, i thought paypal was the issue for refunds, are there not any escrow services?
Its annoying for me because i dont have a US bank account.
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Thanks for the translated news.
So now, people in China need to do p2p trades, right?
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This may be a silly question, please bear with it. I read the following on the webpage, but can anyone tell me what exactly has the bitcoin foundation done in the last year? Freeing People to Transact on Their Own Terms.
Bitcoin Foundation standardizes, protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide.
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Is there any payment processor around that accepts FIAT and converts to Bitcoin while paying merchant ? Just reverse of what bitpay does...
I haven't heard of anything like that. |
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Thanks for the translated news. It is good to see people in HK can now buy and sell bitcoin easily. |
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Hello !
I am new here but I plan to open an online business ready to accept the payment with BTC.
The only problem is that I don't know how to install a Bitcoin payment processor (I hope the term is OK, so a friend of mine told me).
Any help will be appreciated!
If you don't want to keep the bitcoin, you can use bitpay or coinbase. |
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Bitcoin is banning China today (April 25th)...  This would be a great news lol.  |
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I am sorry what is better in that video than in original one? The beginnings are almost identical but after 28 sec the new video explains that BTC is a currency exchangeable with EUR, USD etc. It goes on with how easy it is to use a wallet and to make purchases. The old video, however, explains mining and the technical limit in the number of bitcoins. In my opinion this subtle difference is a very big improvement. Say you just started using BTC and share this on Facebook. If you attach the new video I believe more people will give it a try. To be honest, an ordinary users don't really need to know the details of mining and the technical aspects. They would just find it difficulty to understand, and get confused. |
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What exactly does this chart show? The fraction of addresses that received coins but did not spend them? There is no description on the site. OP if this is your site you need to improve it. If this is so, it doesn't necessarily mean hoarding. You also need to look at the total number of addresses observed within that period to make a better determination of what happened. For example, people breaking up wallets containing large number of BTC's into multiple smaller wallets would also give you the same effect on the chart. True, and for the same reason, all those bitcoin transaction volume statistics is just some guess. |
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This group is for people that are heavily invested in Bitcoin to discuss with each other and bounce ideas off each other. I will come up with a certain amount worth of Bitcoins to get into this group it will most likely be a couple thousand dollars worth of Bitcoins. If you are interested in joining please leave a reply to this thread.
Note: You do not have to pay anything to be in this group you just need to have a good amount invested in BTC.
What is the group for? Some organized pump and dump?  |
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earlier? as in nov '13?
300 hasnt been seen for a long time.
No. The exchange rate hit $164 for a few seconds in BTC-E, a few weeks ago, after a massive dump (of around 10K coins). Those who had placed their buy orders for $180 and $200 were seen praising their luck. After that incident, I also placed at least 10 different buy orders in the range of $150 to $250. Didn't had any luck yet. Why would someone dump that many bitcoin at the same time in just one exchange?  |
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