im also wondering this. is there a deadline that something will be decided by?.
From what i've researched it seems hat the deadline seems to be next year, so any of the first months of 2016 should be the day where it gets decided. Definitely before the halving. |
|
|
|
I still don't have 1BTC but want that sucker so much  When you make your first BTC is a great feeling. I still remember the day in my Bitcoin Core it said "1.something BTC". It felt amazing, such an achievement. I will always hold at least 1 BTC forever. |
|
|
|
People would leave the pools.
Pools are just a group of people mining as one, NOT A SINGLE DAMN THING prevents them from jumping to another pool. I can do it in about 60 seconds.
What is a threat is the owners of the central banks buying up several billion in mining gear to decimate the blockchain.
And like the poster above said, if they try something stupid then watch people dump Bitcoin in fear. That is why Bitcoin is such a genius invention, it's a self regulated system. |
|
|
|
To really grow Bitcoins, you need to take some risk. I do not think there is a way around that.
We can argue that holding has a better risk/benefit ratio, but the growing rate of holding is 0. Buying a certain amount each month (for example) and holding ... is not really growing, is just buying more, as I see it.
But if by growing is meant "using your Bitcoins to get more bitcoins" it will always mean some risk.
This is true, but even if you use some risk on Bitcoin, you can lose as well, sometimes the best is dollar cost average (buy monthly and never, never slack on buying useless shit, always save the amount for Bitcoin). I dont trust any alt now to gamble with my Bitcoins to make more Bitcoins. |
|
|
|
The only way to get anonymous Bitcoins 100% would be to mine them, because they are freshly minted and have no past transaction history.
The second tier of anonymity would be to get paid in Bitcoin directly (never due a 3rd party payment system such as Bitwage, Bitpay and whatnot)
The third tier would be an IRL exchange of Bitcoin for cash
Beyond this tier I think it's useless to talk about anonymity.
I read in the internet that send your coins to BTC-e and then withdraw BTC-e coins to a large trusted gambling site like PrimeDice.com or Just-Dice.com. Withdraw gambling site coins to blockchain.info. At this point your coins have over 85% chance of broken links to the original coins. But I have a question - XAPO uses dynamic addresses each time to send and receive. So if we send coins to xapo and withdraw means is it going be completely anonymous or not? Well but there will be recorded log of you buying BTC in BTC-e so it's not a 100% anonymous movement. I think the only way to do 100% anonymous buy of bitcoin is localbitcoin with a person for cash and hope the person is not some sort of undercover or whistleblower. |
|
|
|
I am sure that at the end of August the price will not be 300 us dollar. I am sure even about another thing: No one can find the price of bitcoin in every moment he want to try or to predict. The price cannot be founded. If yes there must be to many billionaires today because of this gift of nature.
So nobody can be sure, but you are sure it won't be $300? Only 5 days to September and looking at the sell and buy orders in exchanges we would need a decent pump to break the pre 300 walls, but who knows, nowadays in one day a lot of things can happen. |
|
|
|
I agree with what you say, my fear is that they can keep extending the fiat scam for a lot longer than we think, so the collapse may not be imminent. As long as they can keep printing money and people keep accepting that said money hyperinflation will go on. People don't perceive devaluation of the dollar or anything, they are clueless so that stops a proper revolution from happening. |
|
|
|
Just do a local exchange. Face to face is pretty easy in most populated areas.
This isn't fully safe anymore as well. I've read about some undercovers going as localbitcoin sellers. I guess this is a risk only in USA but I would beware about it. Also doesn't localbitcoin spy conversations between traders? its a centralized website at the end of the day, its not direct person to person trading. |
|
|
|
|
I also like to think that I would post about it and try to find the owner, but honestly, we would need to be on that situation to really know what we would do. 50 BTC is a lot of money and im broke, just saying.
|
|
|
|
I suppose Mayweather would want to go out with a bang not having lost a game in his career but what if he has earned so much money he doesn't care much what the outcome of the fight would be? I mean there is always that 'what if' with these safe low odds  Of yourse Mayweather cares, he has chosen a relatively easy opponent to go out with a 49-0 record. If he didn't care he would have chosen GGG. |
|
|
|
It's one of the reasons why I also avoid using exchanges.... If you use them and you wanna withdraw fiat to your bank account, you have to give up your whole pedigree. All the information you give to them are in digital format, and it's easy for people to use that same information to register on other sites and hijack your personal info for that purpose. These AML/KYC regulations they have to adhere to is just bonkers.  I totally agree with you that it's 100% overkill.  So let's say you have 10 Bitcoins and it goes to 10K bitcoin each. You would surely be tempted to sell a bit at that point just in case there is a correction. Let's say you go 50/50. How do you convert your 5 Bitcoins (and that's 50K USD EUR or whatever fiat you have)? The only way is a exchange, who else would have enough liquidity? This also means you will need to get that money taxed, so you'll be making less than 50K. |
|
|
|
if you differentiate too much, there is the risk to lose more
not agree! The risk is spread! When one of them declines a lot, it wouldn't affect your total portfolio's performance! The only risk is that one of them skyrockets, you will miss the opportunity of getting highest return! BTC is king and usually when BTC goes down the rest follow and go down. Only the few coins that have decent marketcaps have enough liquidity to act as a "safe haven" when BTC goes down, the rest are worthless p&d's. |
|
|
|
|
OP if you don't take care of your own BTC, thats meant to happen. If you don't want to take care of your BTC; then go to xapo, learn about it and store your BTC there, and they take care of your BTC for you.
Trying to get your money back because you invest it in an altcoin that fails is another history.
|
|
|
|
It would hard cap 32MB as a security measure. This (I hope) means that 32MB is estimated to be enough to scale Bitcoin worldwide (because anything that isn't Bitcoin worldwide and being able to sustain VISA + MASTERCARD + WESTERN UNION + every other electronic payment processor) is a failure. We need to aim worldwide. So, have they calculated that 32MB blocks and blockstream tech will be enough?
No, it is just a historical limit that Satoshi originally had and this BIP does not remove. The limit was on p2p message sizes which were and still are limited to a maximum of 32 MB. This includes blocks because blocks are sent as p2p messages. Thus blocks are limited to 32 MB and Garzik chose not to remove this limit. Satoshi said the limit should be 32MB? where can I read satoshi quote on this? i remember satoshi saying the 1MB limit was temporal but dont recall reading anything on a limit being set. |
|
|
|
|
It seems to me that OP randomly downloaded Bitcoin XT because he thought he was the latest version or something, otherwise it doesnt make sense as usually newbies should find Bitcoin core first as bitcoin.org is the first entry that shows up on google.
|
|
|
|
|
Feels bad, i know people that have lost stuff like twitter passwords and it's been impossible to recover access to twitter accounts, so im guessing when dealing with money it will be even more complicated. There are people in reddit that has lost hundred of thousands in BTC through MTgox so im guessing there is a long list above you. The fact you lost the login pass is your fault tho.
|
|
|
|
|
The future of decentralized storage is something like Maidsafe, it will be as easy as dropbox to use, just drag and drop and you are set, your files are spread across the globe and anonymously.
|
|
|
|
Best thing will be to combine both of them , saving and investing but you need some analysis to make the best decision.
analysis always say that investing is much far better than saving money. At the current rate of inflation you will be burning your money by saving it at home or in the banks. But saving money in Bitcoin is saving after all. Or savings are only if you hold the money in fiat? Does holding money in Gold and or Bitcoin become an investment or is considered saving? This is actually a good question. For me saving is storing money and holding it whatever the form of money, so fiat, metals, bitcoin, it's all different types of money and buying and holding is basically saving. |
|
|
|
|
Show Posts
