Adoption is likely to increase quickly in places like Phillipines and third world countries where people don't have access to reliable banking services. Any Bitcoin startups in developing nations should be taken very seriously .. the market is huge, literally in the billions
Yes the use of bitcoin in philippines can reach to the maximum level as many of them doesn't hold bank accounts so they don't have direct access to the banking systems which would increase the use of bitcoins in phillipines. It's good to hear that their is increasing demand for Bitcoins, I just want there to be more branch locations so its easier for users to get their money instantly, have a remittance in the US/Canada then some branches in the Phillippines and instant recieving from Canada/US to awaiting people in the Phillippines, hopefully new users would likely want to trade a few coins and not need to go through an intensive verification process, in the Phillippines through exchanges and adoption grows. |
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Big news!
We have recruited three new moderators and added them to the crew. Please welcome Gm, hiall and kolloh to the moderation team!
I have also been authorized to bring a second Assistant Manager under my wing to help coordinate the community events and new staff. Congratulations to BtcBoss for his promotion!
This is the first step in bringing 24/7 moderation to the chat box. It is my goal to have a staff member available to answer your questions round-the-clock and I'm excited to have the help of our very capable community.
Also congratulating the new mods They are familiar names that are always on the chat so its good to see that they got promotions, although I think GM is a technically old mod prior but still gz, also congrats to Boss and his promo as well and good luck with the 24 hour mod goal ^^. |
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What do you expect from the halving next year regarding price development of Bitcoin?
Currently, the price is very stable although there are created around 3k new Bitcoins every day. In my opinion, the price stability results by a constantly increase of demand. When the supply will be halved in 2016, the price should be grow linear if the current demand stays the same.
What do you think?
I expect an exponential over linear increase in the price suprsingly enough, the foundations of Bitcoin have been growing stronger and while the last price pump was due in part due to Mtgox speculation, the fact the market followed it provides a strong argument that if enough attention is paid to an event such as the halving and people get interested again the demand may push it forward. That said hopefully issues such as a blockchain fork are solved by then so that it ensures others that its worth paying more attention towards. |
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Microsoft supports Bitcoin XT!   That is an interesting picture it does makes sense that the developers run nodes for fun over there. If MS did get serious in the embracing stage of Bitcoin the economic potential of a client on every MS computer as a default app or skin to pay for services would add signifcant leverage to the XT implementation, plus nodes would by default join XT a sort of a join the borg mentality, and break a stalemate. But that's super speculation  |
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Welcome to the forum and I hope you enjoy your stay and keep up with the ongoing threads
I would say the best places here for news are Press and Bitcoin Discussion
For older news a coindesk article works most of the time but I tend to prefer podcasts like Letstalkbitcoin as they go into details and interesting topics.
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They are also holding at that value...
An interesting trend. Actually did some buying before a few of them jumped... dead cat or are we seeing a recovery.
I haven't been keeping tracking of that many alt coins Assuming it wasn't some giant dev news or pump and dump I am a bit curious how many micro coins there are that have the volume to exit a double to five fold profit position. |
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Its been rising in my view.
But thats just seeing from the value of zero to where it is now, and staying mid $200 is even better. Intially I dont think we`ll hit value of back to zero.
Same opinion but the trend is more lateral than upwards with turns downward to new lows. Whether the pattern will rise up and break through after these last few months is where it might get interesting. Breaking out of ranges is always good but its likely still a bit away from a breaking point. |
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Well this thread did make me wonder if it was created in 2013 Seeing the 2015 timestamp I admit did suprise me a bit as it does still retain the largest market cap after Bitcoin and the clear gap between 3rd and 4th is much more firmly established than last year. http://coinmarketcap.com/ |
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It's good to hear that their is increasing demand for Bitcoins on sites like LocalBitcoins in the US, I can also see why as new users would likely want to trade a few coins and not need to go through an intensive verification process.
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The UK did want to take the place of Qatar as the host of the 2022 World Cup they even said they have the facilities for it, that said I do find it concerning that the United States wants to control international football/soccer and while FIFA is one corrupt organization it does remain one of only a handful of professional sport organizations not directly in the control of the USA.
The United Kingdom want to host the 2018 World Cup, not the 2022 edition. A few years ago, Russia was selected ahead of England, as the hosts for the 2018 WC. The British are quite a bit pissed off about that loss. They are still hopeful of taking the hosting rights away from Russia and hosting it in England. On several newsfeeds they keep referring to Qatar and not Russia including the Guardian link in my last post but I agree with you that they also want to take the World Cup away from Russia. Its an open secret that the FIFA is corrupt the question is why take action now and it looks like the US losing its bid to Qatar just was the trigger that finally set it all off with the UK also holding a grudge over 2018. http://www.bbc.com/sport/0/football/33005152Fifa crisis: England 'ready to host 2022 World Cup if asked' England would be ready and able to host the Fifa World Cup in 2022 if it is stripped from Qatar, according to a British government minister. Swiss and US authorities are looking at corruption claims around the bidding processes for the 2018 and 2022 events. UK Sport Secretary John Whittingdale says England has the facilities but added it is unlikely to happen as Russia is staging the 2018 tournament. Under Fifa rules the Cup cannot be held on the same continent twice in a row. |
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I think widespread corruption at fifa makes this situation a little bit different. I doubt countries will boycott it after Blatter's resignation but there will surely be a few countries like England complaining that they should have the world cup or it should be put back to another vote. They wont pull out though.
As I had posted earlier, a lot will depend on the FIFA presidential vote. If some US-puppet, such as Prince Ali is elected as the president, then he can legitimately cancel the event in Russia and conduct another vote to decide the hosts for 2018. If someone else is elected, then indications are that England might try to organize a paralell event in London. The UK did want to take the place of Qatar as the host of the 2022 World Cup they even said they have the facilities for it, that said I do find it concerning that the United States wants to control international football/soccer and while FIFA is one corrupt organization it does remain one of only a handful of professional sport organizations not directly in the control of the USA. Which is why Sepp Blatter despite the corruption was still able to acquire the amount of votes he did, and even teetering on the brink of disgrace, Blatter was still able to command almost two-thirds of the membership While patronage and funding such as the case with Ireland goes into soccer in my opinion the US just wants some of that gravy train and take it under their wing that said it looks like the corruption is starting to unravel after all these years. On one hand FIFA has brought soccer tournaments to many places around the world such as South Africa, Brazil, Russia, and soon Qatar and truly has a global footprint instead of a US centric one that only hosts tournaments with countries it has good relationships with so my feelings are mixed about what this means in the long run. MLB,NHL,NFL,NBA, and Boxing to an extent are major professional sports leagues with most games played in the United States and players are attracted and move there in order to compete, Soccer/Football meanwhile tends to remain a more internationalized sport with Premier Leagues in the UK, MLS in North America and the African League and all of them meeting under the FIFA banner to compete, if this leads towards a strong regionalization of FIFA it concerns me that international soccer will slowly over time become a compartamentalized representation of countries and not what it is today which admittably is also partially due to Sepp Bladder. http://www.theguardian.com/football/2015/jun/04/england-ready-host-2022-fifa-world-cup-qatar-ditched-culture-secretary-saysAs the Guardian humbly said Under Sepp Blatter, it wasn’t all bad http://www.theguardian.com/commentisfree/2015/jun/05/sepp-blatter-fifa-world-cup-south-africa |
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Name: EternalWingsofGod
Position: Sr. Member
Wallet address: 12Ui3ssnJK71akxAgvVM3WtLa2EHidT3Xn
Starting posts count: 623
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This may be missed by others in Bitcoin Discussion I would recommend listening the Let's Talk Bitcoin #217 Podcast it helps a lot at looking at it objectively. It's pretty informative at explaining both sides whether it is 1MB or 20MB and provides a good understanding of the issues. https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-217-the-bitcoin-block-size-discussionStephanie, Andreas and Adam speak first with Bitcoin Foundation Chief Scientist Gavin Andresen about the Bitcoin Block Size debate, where it came from, why it matters and what he thinks we should do about it. During the second half of the show, Bitcoin Developer and outspoken block size increase opponent Peter Todd joins the discussion to share his perspective on the issue, the problems he sees and why taking action now actually prevents the problem from finding a market solution. --- Let it run to the limit then if we have no choice fork but try to resolve bandwidth issues to scale up, while increasing min txt to reduce loads. |
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This is a great listen, and very timely.
I wonder if a MOD can move this thread to the main bitcoin forum?
And to the host: get a de-esser please!
It provides excellent information and they should seriously consider that de-esser. I looked around for the Letstalkbitcoin transcripts for this episode but was not able to find them not sure where they put the list of them since the integration if someone knows where to find them that would be helpful for people who want to read it. Then post a new topic with the transcripts so people can read and acquire more information on the issue. Some Highlights I found the most interesting part was when Gavin then Peter did their points of views and the crosstalk at the 41 min mark onwards to the end. (12:00-13:20) Gavin mentioned we will see a lot of innovation to get quick transactions and its not an either/or choice in the end. (35:00) (37:00-37:35) Scale issues are interesting as Peter pointed out some Bitcoin developers would not be able to run full nodes at a 20mb fork simply because they do not have the bandwidth capacity to support it. (40:00-40:40) - Peter also is in agreement that this will result in Bitcoin innovation (41:00 Onwards) Crosstalk (44:45-49:00) Helps explains the 1MB position clearly and to the point The differences between the forks and issues related to it (49:01-53:00) with the issue of mining pool incentives and the issue of kicking the can down the road without fixing the core issue. |
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The poor japs have been stuck with their crisis for ages, but at least and as opposite to most other "unions" out there, it's their own money debt, they don't depend from other countries and can afford taking certain measures that others cant.
There are benefits to owning most of your countries debt, it does make me wonder what it will take to break the deflation cycle in the country that said it is still a strong country in the sense the standard of living is high. Perhaps the revenue from the consumption tax will show stronger economic benefits in the long run through good old capital accumulation. Japan needs high taxes to keep its economy alive. It should be remembered that Japan produces hardly any petroleum or natural gas on its own. It imports these commodities from outside, at exorbiant prices. For example, Japan imports (liquified) natural gas at $650 per thousand cubic meters from Qatar, while Ukraine gets the same from Russia at $215 per thousand cubic meters. These imports eat up a lot of Forex. All the taxes collected from other sources are used to subsidized the manufacturing sector, which is the main source of Forex for Japan. Japan spends almost $200 billion on importing gas and oil. And we wonder why the economy there is going downhill. Oilprices have stabalized around $60/barrel and LNG projects they were working on are less profitable at present so at least their fuel costs are dropping once their future contracts expire, Japan likely hedges their assets to secure import costs. On the other hand they still need to import a lot of beef and food and given the exchange rate and purchasing power decreasing as a yen is worth less some of that rise is offset and shifted elsewhere instead, then offset by exports, economics can be fun. |
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Nobody who publically threatens to sell all their bitcoins will ever sell of their bitcoins, something just doesn't add up in that equation.
In this case Maxwell would go through with it since it would be a Centralized and not true Bitcoin according to his beliefs. I think i'm leaning towards two systems in tandem both chains are absolutely not going to survive forever as one chain will outpace the other but at this point in the end adoption is the ultimate decider. I'm unclear on how going the XT path would make it centralized.
Because it will be needed more bandwidth, and a lot of people don't have access to it (node,etc...). Upload and download caps are the goal of decentralized currency and it means nodes need a large geographic distribution. I recall reading several threads on how 20MB would cause node issues in some locations due to speed requirements and non-sufficient bandwidth but I'm not well versed in that area of discussion myself. Additional Info: I found a discussion related to the bandwidth implications I mentioned for those interested http://www.ofnumbers.com/2015/02/06/what-is-the-blockchain-hard-fork-missile-crisis/ |
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Success for Rand Paul seeing how the Patriot Act has expired Patriot Act Surveillance Provisions Expire After Senate ShowdownThe National Security Agency's authority to collect troves of bulk telephone metadata under the post-Sept. 11 USA Patriot Act expired at midnight Monday after Republican senators were unable to make a deal. Senate Majority Leader Mitch McConnell sought a two-week extension Sunday of two less controversial provisions of the Patriot Act, but that effort was blocked by Sen. Rand Paul, his fellow Kentucky Republican who is running for president partly on his strong objections to the surveillance programs. "Tonight we stopped the illegal NSA bulk data collection," Rand said in a statement. "This is a victory no matter how you look at it. It might be short lived, but I hope that it provides a road for a robust debate, which will strengthen our intelligence community, while also respecting our Constitution." http://www.nbcnews.com/storyline/nsa-snooping/deal-renew-patriot-act-surveillance-powers-stalls-senate-n367431NY Times Opinion http://www.nytimes.com/2015/05/29/opinion/let-patriot-act-provisions-expire.html?_r=1 |
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Just a late update from Minnesota:
Bitcoin Difficulty: 48,807,487,245
Estimated Next Difficulty: 47,836,430,479 (-1.99%)
Adjust time: After 70 Blocks, About 11.9 hours
It will be a close call either way Past -2% or just short of the line See it at over -2 now but its only been a one block. Adjust time: After 69 Blocks, About 11.8 hours Estimated Next Difficulty: 47,790,638,661 (-2.08%) Adjust time: After 69 Blocks, About 11.8 hours |
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Seeing all the discussion about this in Bitcoin discussion and a lot of people wondering what is going on and what should be done it sounds like this is a good watch to get up to date on the issue.
I'll have to watch this later but it is good to see that there are already 200 + episodes
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