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21 million cap increase would be a good idea, a good idea to kill Bitcoin. No one will support such a fork. The headline on that website is out of context as usual so is the subject in this thread.
Also chuckled at "Bitcoin executive".
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I think there are plenty of open source free scripts, the one used in silk road was open source I think (just don't sell anything illegal lol).
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I would vote yes, but only if we had a guarantee that 1MB would be a real problem by march 2016, otherwise we would just be rushing things for no reason.
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the thing of facebook make me cry.. facebook is on top currently ,before it we had myspace twiter as other social sites... soo do you really think that facebook will hold forever the kingdom? safe investment?go work ,healty all you need to that lol.about ammount we cant say how much a bitcoin will be worthing on the next 20 years but we will see on the next 5 years how it will goes... how many bitcoins still avaible to be mined as i remember predictions said that about 2050 bitcoin mining should be over soo those time above we will see bitcoin jumping or down....
Twitter before? Twitter is newer than Facebook and as far as I know Twitter is way bigger than Facebook nowadays. No one barely uses Facebook anymore besides login in every once in a while and put some pics, people are more active in Twitter and instagram. Also comparing Bitcoin with social networks is a fallacious analogy. |
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Have you considered doing an IPO? sure bitcoin related IPOs have had bad press, but if your project is legit people tend to support it and projects get funded pretty quick. Not an expert on this tho so I would wait for second opinion.
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Didn't the Bitlicense happen this week? That, and the Elliotic thing, aren't good news in my book, as they treaten Bitcoin's privacy. Other than that, the rest are definitely good, specially Santander specifically addressing "bitcoin blockchain" and not vaguely saying "blockchain".
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So doing this would mean that transactions go from 10 minutes to 1 hour of confirmation? Then people would complain about confirmation time being way too slow. You can't please everyone... no matter what you propose, you'll get a group of haters.
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I just found out that you can't withdraw a designated amount of Bitcoin from paper wallets, you can only sweep or import them.
This seems kind of weird to me. What is the point of a paper wallet if its sole purpose is to later on be swept clean of its coins? If security is an issue, wouldn't it make more sense to have a software bitcoin wallet that runs off an encrypted usb drive?
What do you mean? you can withdraw any amount as far I know. At the end of the day it's just a regular public key in QR format.. I use them for cold storage. |
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the real question is why so little pump, when after all those good news of many investors that have started investing in bitcoin, and more services which are building more infrastructure for supporting bitcoin?
all the aims of recent news that were pro bitcoin, is still not well reflected in the market
The market is heavily manipulated and someone is getting stacked up with BTC, buying slowly to not disturb this price stability. But this price stability within itself is starting to look artificial, which leads me to think we are under a long term buy scenareo by some whales. |
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Mega early adopters or already fiat millonaires with 100000+ BTC can move markets at will, specially under cooperation. They can rig the market if they all act in sync, thats why we need price crashes, to scare all those lucky individuals holding too much money and spread out the wealth across individuals.
I think a miniwhale is anyone with more than 1000 BTC. Alone can't do much, but a group of them can set trends.
I know a few people with over a 1000 coins, I've seen them start a 5-10% downtrend on Bitfinex with 4x margin back when that was available. Are they forum posters? The only people in here that have admited to have 1000+ coins as far as I remember are rpietila and the main devs. I think Andreas said that he "doesn't how that many Bitcoins" but has never revealed his wallet. |
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While I am all about automation, I think autonomous cars are insane and I will never get in one as long as I live. My hearse can be self driving and I will not much care then, but otherwise forget it. The only way this will make things safer for people is if human driven cars are banned from public roads because these cars work well together, but do not mix with human driving.
There really is no issue with that thinking,you die and the next generation sees it as norm. Pretty much how the world works,take flying in a plane for example. Yeah no thanks, i'll let you do the testing. Meanwhile i'll go with logic: Automated cars + human driven cars don't mix up well. That's my theory and im sticking with it. As soon as automated cars are all over the place with mixed cars i'll stop using my car, sell it and use public transport. |
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Being not physical is actually better. You can instantly send a large amount across the world within seconds.
You can't send large ammount in that instant you always need confirmation to make sure that your bitcoin will be send so it will take time Waiting for confirmation means the transaction has already propagated throughout all the nodes, which means sending it does take just seconds. Confirmation time ≠ Transaction time. For some reason, people has a problem with waiting 10 minutes even if you just sent 100 million dollars in Bitcoin, vs what it would take to do this the traditional way. You don't even need to wait for a single confirmation tho, if you have set fees to automatic, it is I think safe to say that its impossible that a problem happens. |
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Artificial pumps would normally be timed with good news to amplify the effect. Where is the good news? We have this blocksize limit uncertainty before us and it's a waste of bullets to scheme a pump. I think this support is for real.
The FUDsters here are getting scared at the fact that Bitcoin is indeed a safe heaven in situations where shit gets really real, just like what's going on in Greece, and they know that as that spreads all over Europe and then America, Bitcoin will just keep going up and up as they realize their money is way safer inside a Bitcoin wallet than it is inside a Gov controlled bank. |
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Indeed, it seems it's turn for the Greek now. This is Cyprus 2.0 all over again. If only they know better and fully adopted Bitcoin instead of trying to fight an already lost war, they would get somewhere, but they will keep failing into the same traps. Unfortunately politicians are too moronic when it comes to BTC. I hope that at least it serves well for individuals trying to keep their wealth away from the up and coming total freezing of financial assets. |
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the land of bitcoin is china since big mining company there already but the best country well ,potencial several of them the best well no one since all are making lays to try control bitcoin .... that is decentralized crypto coin ....
I don't see China becoming bitcoin friendly. It would mean loosening capital control - something which is not going to happen soon. in fact they will not, they are too much attached to the money of bitcoin, not to bitcoin itself, they don't care too much about what it can offer in the future over their currency, or over fiat in general i still can't understand why japan cannot embrace it yet, they are always in favor of new tech, they love new technology... anyway my vote go to singapore Singapore seems to be spot on. They have known to adopt and grown their economy in other ways that most wouldnt, and almost made their building eco friendly that most havent done too. I think Japan has the bigger odds. They are always ahead of the curve, and their crisis is an internal one, their debt is not external, therefore they can get away with any decision they take because it will only affect themselves. The problem of adopting Bitcoin as the official coin is taxing, the gov does not have the measures to properly tax as far as I know. |
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While I am all about automation, I think autonomous cars are insane and I will never get in one as long as I live. My hearse can be self driving and I will not much care then, but otherwise forget it. The only way this will make things safer for people is if human driven cars are banned from public roads because these cars work well together, but do not mix with human driving.
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bitcoin It's a revolutionary idea, but with no advertising or inside promotion of any sorts, coupled with complexity and bad media ideas, I think it will take longer to mainstream
No doubt it will take much more time to get into mainstream as bitcoin is facing a trouble from media and the government and that is the reason why some of the people are not showing their willingness to entertain the bitcoin as a currency and start using it as a mode of payment. It is better that Bitcoin takes more time to go mainstream and it happens naturally vs pushing it with advertisements way too early. Right now its still version 0.1 and we benefit from keeping it away from average Joes. |
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Everyone will be using the Bitcoin blockchain to run their banking infrastructures, because it doesn't make sense to use any other blockchain. Not using the Bitcoin blockchain = guaranteeing your shit will get hacked. For some reason they STILL keep the "blockchain tech" thing but tend to avoid the part where a cryptocurrency is basically the fuel that keeps the blockchain running.
If everyone uses bitcoin blockchain, your home computer will not be able to cope with the size. Some mutuals (building society) can pass on the savings. The point of sidechains is to avoid precisely that. I see everyone talking about blockchains, but no one is saying exactly how they will do it without Bitcoin. |
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-snip-
tldr: banks are very excited that bitpay is working on a solution to apply "blockchain technology" to the way they do business.
In other words, this isn't related to Bitcoin but rather to blockchain technology. This shouldn't even be in this section. I wonder if they would use the actual amount of btc to transfer customer funds or use a colored coin system?
They are talking about applying blockchain technology to the mainstream currencies, not using Bitcoin. And how are they going to use blockchain technology without a cryptocurrency attached to them, exactly? will it be PoS with fiat and closed source and centralized? that isn't a blockchain, that's a regular electronic ledger. |
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These guys fall into the assumption that the blockchain can exist without a healthy Bitcoin which is nonsense. If the blockchain is a success, it means Bitcoin is doing great because is the native currency in which miners get paid to keep the blockchain going. Everyone will be using Bitcoin, even if they don't know they are using Bitcoin, as the Winklevoss brothers pointed out. It will be the underlying mechanism of all future electronic transactions.
a blockchain can exist without a healthy bitcoin. (if we define healthy as one that makes mining profitable) Miners can have incentives to operate without making a profit on mining. Mining companies that have diversified revenue streams, generating fiat - including hashpower rental, exchange services etc, would have an incentive to continue to operate the network regardless of it being profitable purely from mining. Bitpay, or coinbase for example would have an interest in operating a transaction confirmation service (mining) in order to maintain their business models so long as the potential cost of operating the miners was lower than the potential profit from the service that the blockchain enabled. Don't assume that mining has to be a source of profit for miners - the blockchain enables other services to be offered to customers - so long as those services can generate revenue someone will have an incentive to maintain the blockchain - even at a loss from mining alone. "a blockchain can exist without a healthy bitcoin. (if we define healthy as one that makes mining profitable)" I think this reasoning is fundamentally flawed. It's clear that every blockchain needs a token, in this case Bitcoin is the strongest one. The more infrastructures and systems running under the BTC blockchain, the more money invested in mining, because these big companies depend on a strong network. The more companies depend on Bitcoin, the higher the price due that fact alone, it becomes even more valuable regardless mainstream adoption or not. And miners will always get rewards in the native currency (Bitcoin) before anything else. The more miners, higher difficulty.. everything is interrelated. There's no scape from a higher Bitcoin price if Bitcoin is a success in any shape or form, if this correlation is not seen then the price is temporarily manipulated. |
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