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I see random articles on bitcoin poping up on mainstream media lately, making random claims, such as "it's money created on the internet", like they don't know there is a limited supply or something.
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I don't think anybody knows what caused the crash. Bitcoin's value seems to have a mind of its own most of the time but I think there were several theories on what caused the crash. The biggest one was the mt gox fiasco.
it's obvious that the crash was caused by willy bot, after he pumped the price to the sky, he wanted to make profit of it, he did it, by sucking who joined the wave of his pump A single bot couldn't do that, the volume was big enough to not enable a single bot to move the market in such a ridiculous way. It was a mix of bot + people losing it on a super rally. |
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I expect that Bitcoin will eventually be upgraded to use ed25519 signatures, putting to rest entirely any controversy associated with secp256k1.
Wouldn't that require a fork? or that can be done easily on the fly on a further upgrade of Bitcoin qt? how does that work. |
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You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.
You don't need money to enter the Internet - well at least not to that extent. Also, the Internet is an even more basic technology and provides an incredible amount of utility to the people using it. Just don't fall too hard for that analogy! How do you enter the internet without paying an ISP? Also, we could say Bitcoin is to money what TCP/IP was to internet, and it's a pretty accurate analogy, even Andreas agrees with this view. When you pay an ISP you exactly know what you're getting, there're no surprises and no risk of losing your money. Also the investment is relatively small. People may see at their friends houses how the Internet works and what the benefits are. If I really want to profit from BTC I have to buy some coins. Dude we are talking at an analogy level, we are comparing protocols and putting things in context. You are missing the point completely. Of course when you pay an ISP you know what you are getting and no surprises, because its 2015. In the early days no one got internet because it was a mess, just like Bitcoin today. |
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No. You will be a laughing stock.
Keep telling that yourself to sleep better night. I only hope you don't have a gun near you to not blow your head in 2019's xmas eve when Bitcoin is back above ATH again. |
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Possible reasons that ESMA focussed so hard on Nxt are that most of the other 2nd gen crypto-platforms are either based on the BTC blockchain, Nxt clones, not actually launched yet, or centralised corporate projects. As the ESMA are interested in securities, it's only logical for them to choose to look at the most established Asset Exchange/crypto securities platform. Nxt AE has been running for almost one year now, and the Nxt community has put a lot of hard work into it and the rest of the Nxt eco-system. This hard work is starting to pay off.......  "2nd gen" is such a silly buzzword. Sorry but there's nothing second gen about all those post-BTC coins, you would think that by 2nd gen those new coins improve BTC, but they don't. It's just a different proof of work, with dubious results vs the PoW BTC uses. |
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For the record, these are thought to be coins under the control of Satoshi. Since they have never moved after they were mined, It is quite possible that these are now inaccessible.
Probably he freezed them on purpose. I can imagine him being a man of higher morals and thinking "well, a single entity doesn't need to be in control of this ridiculous amounts of coins" and forgot the password to freeze them forever and help the overall scarcity factor. |
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I just dont know why satoshi made the blockchain like this. Following the money is much easier on the blockchain than it is with fiat, that's by design. Transparency is a vital characteristic of any functional public ledger. Satoshi's design decisions will be easier to understand after Bitcoin adoption increases a few more orders of magnitude, when any technically literate individual will be able to monitor the ledger, track, and publicize the wealth movements of the world's socioeconomic elite. The jig is up for all the crooks at the top. It's going to be the printing press all over again, only this time it'll be banksters and politicians getting the boot instead of feudal royal families and their sworn Lords, insofar as there is any difference. I hear you thinking, "but why would the elites use Bitcoin when they have their own legitimate currencies they can freely print?", and my reply is that the days of indulging governments with misplaced trust are numbered. This was Satoshi's true genius, s/he has hard-coded an unstoppable revolution. A proverbial doomsday clock for the masters of the financial universe that began counting down the moment the genesis block was mined.  That sounds good, but its far fetched to think Bitcoin is going to replace any national currencies. Besides that, there is always mixers etc, they would take measures to anonimize their movements. |
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You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.
You don't need money to enter the Internet - well at least not to that extent. Also, the Internet is an even more basic technology and provides an incredible amount of utility to the people using it. Just don't fall too hard for that analogy! How do you enter the internet without paying an ISP? Also, we could say Bitcoin is to money what TCP/IP was to internet, and it's a pretty accurate analogy, even Andreas agrees with this view. |
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If they didn't in 2008, why would they "realize" next time? The truth is probably that the current system isn't as "broken" as some here are led to think.
The system is MORE broken than people can realize. The thing is a crash is not seen instantly, it takes years to see the consequence. It's all a game of how long they can keep injecting money to make things seem OK, but it will not last forever. |
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Once Maidsafe is operative and decentralized apps are a reality, so many existing programs are going to be effectively deprecated. Who the hell is going to use Bitorrent when you can download anonymously on Maidsafe? the same goes for any single thing you can think off.
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not less than 0.02btc
I think I make around that as well, with the new sig campaing. Hopefully more in the future, I think I should be a Senior soon  |
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The kicking picture is incorrect. They will co-exist.
I tend to agree on this too. It will be like some sort of ying yang relationship, blockchain with a deflationary currency-fiat with their QE madness |
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Whats a good way to cold storage the coins that isn't via a hardware wallet? Is the method of going to bitaddress.org, downloading the HTML and creating the wallet with the internet turned off a safe way to do this?
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I have a question:
I just checked the spreadsheet and it looks like the rates per post seem to be more varying than before. Mine is just what I signed up for so I've got no complaints, but I notice that many of the people's rates are bolded and different. Is this related to bonuses? Just curious.
I think the accounts that are marked with an orange square means they are using one of the avatars (big 10% bonus, small 5% bonus). |
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Hi there, would like to join: Name: pereira4 Position: Full Member Bitcoin Address: 1Km2aqKycSwFSWyvXBkyhW6QNwqL6Va4sa Link to Recent posts: https://bitcointalk.org/index.php?action=profile;u=381391;sa=showPostsAnnouncement:
Beginners & Help and Politics & Society boards will be excluded from next week on-wards.
You may however post there as usual. They won't be counted tho.
Why don't you just deal with spam/spammers on a case-by-case basis instead? All this does is make the spammers post elsewhere where their posts are counted so next week you'll probably be banning Meta & Bitcoin discussion. People who make decent posts shouldn't be penalised so rather than discounting all posts in certain sections remove the people who make poor quality contributions instead. It is valid point actually. It is not the way to deal with the spam. I'm worried that in couple of weeks there will be only Gambling section left to post in. I think the best way to cut the spam amount will be capping max limit post at lower level I think 50 post per week would be good, maybe even less. Not just for this campaign but for every campaign on the forum, that way people won't be tempted to post more just for money. Less than 50 is overkill and might backfire, since people may start leaving. IMO just treat posts individually. If someone wants to spam with 100 shitty 3 word posts daily they are going to do it in any subforum. |
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In the year 2015, 1 Bitcoin will be worth approximately $200.
In the year 2016, 1 Bitcoin will be worth approximately $200.
In the year 2017, 1 Bitcoin will be worth approximately $200.
In the year 2018, 1 Bitcoin will be worth approximately $200.
In the year 2019, 1 Bitcoin will be worth approximately $200.
In the year 2020, 1 Bitcoin will be worth approximately $201.
It has slowed down a bit...
That's a good estimate, but you are missing several zeroes in the 2020 prediction. |
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I bought RAM memory ages ago but it was regularly with dollars.
Im waiting for ebay to adopt BTC so I can buy literally anything I want with it.
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I always love looking back at the 2010-2011 era when I wasn't there, and check how people panicked and screamed DOOM when Bitcoin lost a couple dollars. Will love to look back at this thread in a couple of years.
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Sounds like a positive idea. Is there going to be some sort of signature campaings on there, or ways to earn BTC, or it's only a place to talk and stuff?
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