... until bitcoin dies.
Hahahahaha. Was enjoying your tile untill this sentence. Good laugh. still laughing yesterday morning looked like a manipulative smash down. keeping bitcoin down at that moment looked politically motivated.
Yeah I've had this feeling for a long time now, probably since last year where it seemed that someone was trying to keep the price down just as it was recovering from the Gox debacle, that's why I've been elsewhere for the last few months, it was too sad to watch  Yeah hahaha, sorry about that, accidental fud I guess, my bad. Happy to provide a laugh. I meant that sarcastically/ironically to insult the shorters (who seem utterly fucking hellbent on crashing price, in spite of the *majority of people* who seem to all want it to go up and expect significantly greater prices). Of course bitcoin cannot die, it's software, it can however be devalued by 200:1 and stagnate there perpetually until obscurity (worst case disaster scenario fundamental tech issue only, of course). I have a tinfoil cowboy hat somewhere out in the garage, so I wouldn't argue against the possibility of intentional suppression of the bitcoin price for geopolitical reasons, rather than for individual profit motive. I'd rather hope it's for profit reason and not political though, hedge fund managers/wealthy individuals are likely better for everyone to be the cause than governments/banks - the former will eventually or occasionally want upward movement, the latter would likely only want total failure.  Yes, but the funny part is; government are a bunch of greedy private motherfuckers who already are loaded to the max with bitcoin. They will default a country when they see huge personal profit. Well, at least that's what I would do. lol. |
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... until bitcoin dies.
Hahahahaha. Was enjoying your tile untill this sentence. Good laugh. still laughing |
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Chinese gov is pumping LTC with overstock USD to switch then back for BTC later.
They don't care about LTC bag holders
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Hitting the resistance.
We did not reach 274 yet |
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Kraken is really pushing.
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can anyone make me understand why the price of bitcoin is suddenly spiking from last few days?
I just bought a few |
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Has this been posted already?  |
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I don't see another test as necessary. It would only cost you money, time and patience to prove something that you already managed to prove really well.
Please spam the hell out of bitcoin. Let it crumble. I did not join this thing to find out it to be a cripple old man in 4 years. I want it to be attacked and spammed to the max. bring it |
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Such transactions should not be allowed IMO. yes WE NEED BITCOIN POLICE!!!1!. That will save the world. These transactions serve no purpose except to spam the blockchain. Can you give me ONE reason why I would send the same coins to the same address and not pay a fee. Im just taking out a dollar and putting it back in my wallet and making everyone pay for it. I don't know about you, but there is 0.00001 BTC being paid for every transaction in that address. Let them waste their coins to the miners. They'll take care of it. |
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Such transactions should not be allowed IMO. yes WE NEED BITCOIN POLICE!!!1!. That will save the world. |
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While writing a thing about fees, I wrote this sentence: "There is no way to easily view the distribution of fees among transactions that are waiting to be confirmed and" mid-sentence went off to build this: http://bitcoinexchangerate.org/feesHope it helps everyone more easily visualize the fee situation. It'll update every 2 minutes as long as the bc.i API allows me or until I switch it over to running from local bitcoind data. See an animation of this: https://bitcointalk.org/index.php?topic=1101202.msg11725683#msg11725683-weex I don't know the fuck I'm looking at, but I like the geekiness of it. Donated  |
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Edit:
Although I don't necessarily like to wait for a day to have my transaction confirmed, I don't see it as a big problem either.
I think native bitcoin will never be used to buy yourself a coffee
And more importantly: You might not care if it takes a day, for your transaction to be confirmed, but a vendor does. There is a limit how long a unconfirmed transaction remains in the mem pool, after that, it gets deleted and the vendor doesn't get his money. I see bitcoin as a payment system for long physical distance transfer. If I buy something from China I usually have to wait 2 or 3 weeks to get my item. I don't care if it'll take another extra day. The vendor can prepare the shipment and wait for the confirmation. If it gets removed from the mempool he can send me another payment request. I assume the vendor usually collects his orders and send them next day. So then an incidental hickup in the network is not a big deal. Like I said, I don't see bitcoin being used for day to day local grocery payment. |
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Limited block size would absolutely not limit the amount of users, everyone can send as much transactions as they want at any time as long as they pay a fee. Even if it's a few dollars that's still pretty good, especially if bitcoin is well over $1000 by then, and it damn well should be.
Categorically 100% false. The 1MB limit is currently a hard limit, so by it's very definition, it limits that number of transactions the network can process. If, for example, there were 20MB worth of transactions waiting, even if everyone paid over $10 dollars in fees, the network is unable to process them all in one go. It would take 20 blocks to clear them with a 1MB blocksize. That's likely to be over 3 hours for some of those transactions. Would you not be annoyed if you paid a fee and still found you had to wait 3 hours because other people had paid a higher fee? However, with an 8MB blocksize, you will still pay a fee to prioritise your transaction, but we could clear that queue in three blocks. On average you'd be waiting 30 minutes at most. This is the part most people don't seem to comprehend. As the userbase grows, the blocksize must grow to accommodate it. This is the same flawed thinking that led to Bitcoin XT. Confirmation time will always be on average 10 minutes for transactions with the proper fees. I can assure you there is no flaw in what I've said, I've simply described how the protocol works. You're the one who fails to understand it correctly. The confirmation time for some of the transactions will be on average 10 minutes. But if there are more than 1MB worth of transactions waiting, even if everyone has paid a fee, some of those transactions will have to wait for another block with space available if we stick with a 1MB limit. If that still doesn't make sense to you, then I'm afraid I can't take your arguments seriously. It's no wonder you're unduly panicked by the whole situation if you haven't taken the time and effort to understand why the fork is being proposed. If you continue to post unsubstantiated accusations, wild conspiracy theories and outright fallacious statements, it's unlikely anyone else will take you seriously either. He said "on average" So, If you have to wait for a day to have your transaction confirmed, viewed from a years perspective all transactions will be 10 minutes on average. Not sure if he meant it like this, but it's true, not? Eventually spammers will run out of ammo and everything comes back to normal. Sure, temporarily you have a problem, but it will solve itself in the long run. Especially when price has to rise due to increase of transaction costs. Price have to rise because spammers have to buy back their coins when they're out of ammo. Edit: Although I don't necessarily like to wait for a day to have my transaction confirmed, I don't see it as a big problem either. I think native bitcoin will never be used to buy yourself a coffee |
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Bitcoin is better than litecoin, because the marketcap is larger, and no other crypto currency will ever come close....
 That's the same exact thing they said about the Model-T Ford!  Yes, and about gold.  |
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Blockchain.info not refreshing anymore.
Other people with the same problem?
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-snip-
At this point the backlog of transactions will be approximately 241 blocks, or 1.67 days. When the average new transactions are factored into the equation, the backlog could drag on for 2-3 days. At this point, questions are raised such as whether or not this will cause a "crash landing." It is impossible to know with certainty, however we are anxiously looking forward to Monday.
Idiots. Bitcoin will certainly survive this, but all you will accomplish by this is #1 you wasted your own money on fees #2 you are an asshole for everyone trying to spend coins durring that period. If you want to test something use the testnet or create a model, no sane person does tests on a live system. Pretty much every space related part goes through extensive mechanical testing. Also real cars are crashed to see the result. Testing on a live system is the best test you can do. Bring it on, test the shit out of it. Bring it to it's knees |
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Is this true? -snip-
I just waited 3 days to be told this. My Bank in the UK told me before Bitstamp did that raiffeisen bank are rejecting payments. So lord knows how long i will have to wait before i see my money again.
Simply AVOID Bitstamp. Not worth the hassle.
In the UK i am buying all my bitcoins from Bitbargain.
Some people are really ignorant and impatient if you ask me. I am going to disregard the possibilities of it being true or false. The problem is not Bitstamp, it is the Raiffeisen Bank. You can't blame Bitstamp for this. I've always used Bitstamp and have never had a single problem with them. Please tell me which exchange would reimburse the customers after a hack of 19k BTC? Back to the price now. I wonder if we could stick to $240 as the bottom now. There is no reason to go back to $220. Tell me what other exchanges except Gox got hacked by 19k+ BTC? Don't assume honesty and disclosure from the exchanges, I'm sure they've all been hacked but keep quiet about it. Long term believe it or not the most reliable has been BTC-e Probably because they launder Russian mafia money and they have a budget for possible hacking problems. Exactly, because laundering only happens at BTC-e and nowhere else |
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i have about 1200 Dollar in stocks(savings). should i just move those Money and buy BTC for them instead ? and Hodl for atleast 5 years ?
There is no need to "sell" them in 5 years. If you can't spend them by then, everything will be worthless. Bitcoin is not about making "money". Bitcoin *is* money. Once your fiat is converted there is no need to convert it back, except if you are a trader. |
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Would be really exciting to see this go parabolic
Patience my friend, patience. When greece exits and the euro collapses, then we'll see some serious hockey sticks |
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After 1.5 years of bearish crap.. i can only expect a dump after this slow rise..  That's the whole point of it. If everybody expects the dump, it won't happen. |
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