Well? Let's hear it.
Obviously Bitcoin is much better than litecoin.Because Bitcoin has big market and world wide acceptance. A large market and acceptance doesn't mean it is better by that standard then paypal is better than Bitcoin and we all know that is just not true. It make you wonder why bitcoin because it was the first of its class, is like pairing litecoin and feathercoin the people give its value, we could say bitcoin is a lot better organize with bigger players in the game. Sorry I am bit confused but I am going to reply to the last part. I wouldn't say Bitcoin is more organized based off all of the drama with the blocksize but it definitely does has bigger players but does that really make it better? Does having more large companies trying to profit off a coin make it the better coin? Yes it is true. Having more companies will make it a better coin. Larger companies bitcoin is depends on each people usage, the more usage the more coin and the bigger is the company. I guess that is a lot of question why they are using bitcoin more than other coin. If there are no special things about this coin compared to others it wont has a bigger player Network effect is so damn important, people seem to not get it. The best technology isn't always the one that ends up winning, but in this case, there isn't even better technology... tell me a coin that is technologically better that companies would find worth it dumping their BTC based infrastructures and investments to jump on it.. there's none. All the geniuses of coding are in Bitcoin, or indirectly working in something related to it. I get what you're saying and this is true we have seen it many times in the tech world but I think people are looking at it the wrong way. This isn't a betamax vs Vcr or an Hd Dvd vs Blu ray, this is a way to transfer money without a company needing to be around to make it possible. Litecoin doesn't need a ton of stores to accept it but it will have value as people like to hold it and trade it, we only see a couple coins really get any market acceptance but Litecoin at least has some. Yup, there are always a lot of examples to this, for example with videogames. When the Gameboy came out it was awesome, but then they announced the GameGear which smashes the Gameboy technology wise, but guess what, it was a big flop and it never got even close to the Gameboy's amazing fame or "network effect." Same for the Saturn vs the Playstation, or the Dreamcast vs Playstation 2... network effect and a powerful brand is half of the success. |
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My only hope is that once pruning mode is enabled from 0.11+ we'll have people running nodes that only take 1GB of HDD space and hopefully the Bitcoin Core client doesn't take 15 minutes to open anymore.
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So the value of bitcoin is that I can dump it on the next guy?
What good is a commodity you cannot convert into another form? You could argue that anything which cannot be used to directly purchase something will get "dumped on the next guy" when it is converted into an alternate form to make a purchase. These guys just cannot be saved. I have a similar friend and I couldn't explain him why Bitcoin has value. He would always say "It's only useful to get dollars" and "it has no intrinsic value". He can't see beyond that. I eventually gave up and said fuck it, but I hope he doesn't cry me about how he didn't buy now in 5 years. |
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Gold, it has value and it's a physical thing, bitcoin is not that stable right now.
Who cares if it's a physical thing or not? It's not 1920 anymore. No one is going to care that a ton of 0's in a bank account that don't exist in the real world, aren't physical things. They are going to accept all that money like there's no tomorrow. |
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I know a guy that invested in 2 BTC and it was way more expensive than it was right now. He has no idea how to use a wallet, he just has the coins in Coinbase and looks at it as a speculative tool and anything else. He is absolutely clueless about what Bitcoin can do and what does it mean. He'll probably seen as soon as he gets his loss back and miss on the next ATH.. cant save those people.
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Glad to see he is still alive and well. It was starting to look like Satoshi 2, forever disappeared  |
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I'm wondering why you are doing this. You say that you are a millionaire who's losing patience with Bitcoin, yet you do this stress test. So I wonder what the background really is.
It needs to be figured out if Bitcoin is ready for mass adoptions. Results will be very important. This test only cost 20BTC which is about $5000 per day, not much money for USA or Russia or China government. They could probably even afford much much stronger "stress test" lasting weeks or months. They could fuck us up real bad if they wanted to, specially in cooperation. Thats why we need Gavin's 8mb increase + Gmaxwell's LN working pronto. |
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I've owned a couple of quasi supercars. I don't think I'd ever go there again. In the UK it doesn't inspire appreciation. People just tend to think you're a flashy twat.
Staying under the radar is far more peaceful and more fun. I'd go for a stinky old banger with a few hundred grand's worth of WRC technology bristling underneath.
Care to share how you made your wealth? it's always interesting to hear how rich people become rich (except when they inherit most of it which is sadly the case in tons of occasions). |
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Do you mean there are banks that already use the blockchain technology in production environment? If so, can you point to some articles or press releases which state this? I know only from some banks researching on blockchain technology (e.g. UBS).
So far none of the bank accepted the blockchain technology in the production environment except for the purpose of Research & Development. "The Wall Street Journal has reported that Swiss banking giant UBS have now publicly stated their plans to open a technology lab in London to explore block chain technology and applicable usage in financial services. More banks are dipping their feet in the proverbial waters of the cryptocurrency sector" There are thread that said some banks want to implement blockchain technology into their banking system. But I dont know whether it is for sure or not because there are no continous news and I can't find that thread anymore so I guess it wont have been implemented until now The banks have been showing interest in Bitcoin for a while, but they still haven't figured out how it fully works, otherwise they wouldn't be constantly separating the blockchain from bitcoin every single time. The people that write those news are even more clueless, so what you end up is with a piece of news that is giving the impresion to clueless readers that Bitcoin is some geeky internet crap while the blockchain is awesome. Thats were we are today. There should be a good video explaining why this is wrong and make it go viral so this current stupid notion gets erased from the collective thought. |
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Hello guys, I meet this site: http://bitcoin-cloud.eu It is something like microwallet or faucetbox but, here is 10 faucets you claim everyhour and you be withdrawed after reach 5500 satoshi and i want make this system but i do not know. Can you help? Give me some tut. or something like that ? Thank you and have a nice day  That is the quickest way to make a wallet and start storing Bitcoin. When you find more time you should get a local wallet for more security, but blockchain.info should be good if your computer is clean and you don't click dodgy things. |
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What is bitcoin xt? Thanks for an answer
Gavin forked Bitcoin. Now there is bitcoin and bitcoinXT. bitcoinXT is much better. Prolly going to the moon. If you want some of the new bitcoin (bitcoinXT) - let me know. The old bitcoin is going to become worthless - very fast. It is still good today, but in about a week, you won't be able to get $5 for one BTC You said "in about a week" "Bitcoin Core would be $5" whatever that means, and here we are. You also keep thinking there are 2 coins already out there. You are either spreading FUD because you got an agenda, or you just don't get it and should ask about this in the beginners section instead of confusing things up here for anyone trying to get some solid info. |
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Same here, Offline mode, but after waiting for like an hour, it fully synced it. Everytime I open Armory (even if it was previously totally synced 1 minute ago) it takes 10 minutes alone in "Initializing Bitcoin Engine". Bitcoind.exe seems to be taking more and more ram, it peaks at about 560mb then goes back to like 240 when it's synced, then it goes from Offline to Connected and showing number of blocks. I actually think Armory is slower opening than Bitcoin Core for me, but seems to download faster.
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More appropriate block times. Bitcoin has a 10 minute target block time verses litecoin's 2.5 minute target block time. This results in much fewer orphaned blocks which makes mining (read: securing the network) a much more predictable endeavor and profitability can be more easily predicted.
Other then that they are very similar, and from a technical point of view they are close to exactly the same with the exception of Bitcoin using SHA-256 verses litecoin's script. However with the advent of scrypt's ASICs being manufactured there is little effective difference between the two from a high level point of view.
Litecoin is actually a fork of Bitcoin
Beside the technical reasons, the fact that we have the smartest devs out there and the fact we have the strongest network effect on the planet, are enough reasons to consider Bitcoin not only better than Litecoin but better than any other cryptocoin, and the network effect is basically 50% of what makes a coin a good coin. |
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sell at 250
buy at 220
use 50 BTC to do this.
This works, until it doesn't. You can be safe for now daytrading on that range, until one day you wake up after selling at 250 with a price of 500 BTC per Bitcoin and start crying. Sure it's probably safer than straight gambling, but it's pretty risky. |
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Could we look at it another way? What if the very idea of a limit on the blocksize is the problem? What if instead, each transaction had a fee based on the size of the transaction? That way no matter how big the block gets, the fees cover it.
This is probably harder to program than it sounds, and when dealing with big transactions the fee would be way too big to benefit from one of the main strong points of Bitcoin, which is moving money with low fees regardless of the amount you are moving. |
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It'll be worth it when the barrier for entry is low or virtually non-existent and retailers are accepting bitcoin en masse. There is currently no incentive to convert to bitcoin and spend, except for the discounts which are rarer.
The incentive can be found when you buy overseas, but not much more. Other than that, people don't "feel" there's something wrong with Paypal or credit cards or whatever. The uses of Bitcoin are much deeper than that and after those are covered, general use of BTC will become a normalized thing, specially in the society we are approaching where there will be no cash anymore. |
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I use http://www.takeaway.com for ordering food sometimes, lately once every Saturday when hanging out with friends. Being in Germany they redirect me to a local service (lieferservice). On Saturday I went to order something but found no bitcoin payment option to pay. I checked again today and saw that it was not available for other restaurants so I sent the site an e-mail to ask about it and this was their response: thank you for your message.
Since the companies lieferando and lieferservice became one, we just used the pay options from lieferando.
There are a lot of people complaining, thats why we are planing to put the bitcoin payment function back in our system.
I dont knowm how long this will take, so i please you to wait a little.
Mit freundlichen Grüßen,
Nadine
Glad to see that Germans are using it and willing to e-mail the company when the option is not available. I am looking forward to eventually having full-time income in Bitcoin, since I will be able to SPEND many of them on services like takeaway. The future is very bright, even though it takes time for the light to shine. Even I am planning to get rid of my job and start using signature campaign for full time like say 8 hours a day. I mean I would be my own boss and it would be definitely to work from home without any peer pressure and if you work more you earn more so signature campaign + Trading = Good Salary  That is not an great idea. Don't leave your job as your job pays you much more higher and you also get other benefits from the job here you just need to keep on posting comments and commenting 8 hours continuously is not a joke so I would rather suggest you to do this part time and concentrate on your job. Yes thats right don't take seriously in this forum you should focus on your job because this forum are not permanent but your job is permanent, maybe also not but its worth it than this forum. Well, that would be the case in the developed world which I assume he's from, but if he was from some 3rd world place he could be making way more on here than in a real job. The problem is I don't know how you are going to post for 8 hours continuously without getting banned, I usually make like 6 to 10 posts daily during breaks and thats the regular posting i would do and if I had to do more it would become a chore and I would rather get a job that pays more in 8 hours than what signature campaigns pay which is very low, and like I said before, only someone in the 3rd world country would be in a better position. I actually feel bad for people that live in shitty places and get banned, they can have their salaries ruined if they were depending on it, i've heard it happened before. |
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Surely bitlicence esque frameworks will pop up everywhere apart from the most obscure third world hell holes. Money is on the line and no government is happy letting it move freely and anonymously.
Perhaps these moves will make other legislators think twice but I seriously doubt it. Their loyalty is to their own perceived security, not some faceless and tiny tech companies.
Yeah we'll end up with 99% of similar bitcoin tech companies being based in Switzerland eventually. Not sure if that is a good thing.. Switzerland has a pretty bad fame of being "the place where corrupt people hide their money under bank secrecy" specially after the Falchiani list leaks. |
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What's the status on this? I'm thinking of spinning a few Bitcoin XT nodes on some geographically distributed VPSes.
You'll be pleasantly surprised in one respect: BitcoinXT nodes are head-scratchingly fast to sync. On my old desktop rig, running more than one altcoin's node, I synched Bitcoin XT from 6+ years ago to current in ~30 hours continuous. And that, with home Internet! and a part from two new features xt should not bring fast synching at all, it should be same as core if that was the case, then xt should be really considered an altcoin, and this is why it will not happen, because it isn't an alt, but just an upgrade to the existing core
if you move your 10 btc, they will be moved from any qt or xt client at the same time
it's like having two client running with the same wallet
No. That's not how forking works. Doing a hard fork doesn't mean that we're upgrading the current chain, but rather starting a new one from some point (e.g. after a certain block; or when consensus is reached) with some changes/additions to the code. As I've already stated: if you have 10 BTC on Bitcoin core, you're going to have 10 BTC on XT too. Moving your coins on Bitcoin Core won't move your coins on XT. upgrading in the sense that it will not be an altcoin i don't think you're right about the movements of coins, otherwise everyone could double spend if what you describe is the true Wait, you can sync the entire 6+ year blockchain in 1 hour? how's that even possible? what are you system specs and how much does it take to sync the entire network in Bitcoin Core for comparative purposes? |
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Only the citizens of such fragile states can make use of Bitcoin individually. If they expect their governments are going to use Bitcoin to benefit their population the are as delusional as it gets. No government is going to adopt Bitcoin because that's too much freedom and too little control for them.
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