What would happen if every single Bitcoin user switched from downloading the blockchain to software like Multibit?
Bitcoin businesses have the biggest interest in securing the network and that's what they 'll do by running most of the bitcoin nodes. Light spv clients was the plan all along for the vast majority of users. |
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Have you tried TREZOR?
I wonder if and how badUSB affects devices like trezor... The only thing i could find on their "security threats" page that is somehow related to badUSB attack vectors is this : "Reflashing the TREZOR with evil firmware Official TREZOR firmware is signed by the SatoshiLabs master key. Installing unofficial firmware on the TREZOR is possible, but doing so will wipe the device storage and TREZOR will show a warning every time it starts. Reprogramming the bootloader is impossible, because all TREZORs ship with their secure programming fuse blown." |
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Eventually mining will become available to everyone. Right now it's a multimillion dollar race and there is little room for individuals in it.
Once everything (adoption rate/ price/ mining technology) becomes stable, individuals will once again start having access to reasonable mining gear.
Mining gear that will be pretty much break even in terms of ROI.
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Also not all double spends are an attempt to fraud. Many people are just curious to see in action how double spend attempts are treated by the network and/or try to build systems that deal with unconfirmed transactions.
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Bearwhale created a high volume bottom but in an obvious/manipulative way. This is why the price hasn't skyrocketed but instead has been following a normal recovery growth rate since the crash.
People haven't been convinced that =~$300 is the absolute bottom.
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Russia banning BTC is old news. It has very little effect on btc.
Last year when China banned Bitcoin we had an all time high price. Fueled by Chinese buying bitcoins. If i remember well the ath was when bitcoin was still ok in china and sites like baidu were starting to accept bitcoins. The price plummeted when baidu and others dropped bitcoin because of the rumors that China is against it. |
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It seems that one in three adults in this forum still believe in Santa  |
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Hashrate went up even if for very little. And as it seems it will go up again. What you are seeing in those charts is variance and not chinese people plugging and unplugging their equipment in real time  |
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BREAKOUT COMING!!! I expect to see a 50-100 rise in the next 28 days!
28 days is like a year for bitcoin trading... And $50-$100 ups and downs can happen in hours  |
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I use Authy also but may have found a glitch. I have 2 phone both with btc wallets and both with authy as 2fa, if you enter the code from 1 phone into the other that your opening your wallet on most times it works, try it. That is how is supposed to work since authy gives yout the option for multiple devices. |
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The nice thing about text is even if phone is lost you are able get a new phone and receive it.
This is possible with authy to. It has a cloud based (encrypted ofc) back up option. |
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No one want to see the price keep dropping to zero then bitcoin is done and cryptocurrecy is in the brink of death. The big whales holding large amount of bitcoins are pushing up the price in case the majority of bitcoin holders will lose the faith in it and dumping their holding.
The real whales are pushing billions of dollars in new bitcoin businesses through vc. The price is a poor indicator for what's going on right now. |
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Why the hell does anyone care what's going to happen in 2140? Are you a vampire planning your future retirement?
There are many reasons. Country regulators for example care about what would happen after the last bitcoin has been mined. |
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Bitcoin is to ugly, to complicated and to unnecessary for the average joe anyway. He doesn't need mainstream media to scare him off. The average joe will join only after everything is polished and only when enough vendors offer discounts for purchases with bitcoin. Pretty much the same thing that happened with the internet. |
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Interesting post. I didn't know node.js is so popular already for web apps  |
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Also take in mind that you can't restore any imported addresses from seed.
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Raise it too quickly and it gets too expensive for ordinary people to run full nodes.
Ordinary people aren't supposed to run full nodes anyway  |
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But if we see another sharp drop, to another new low for the year, then the future for the BTC price will be very bleak indeed, at least for the next few years.
The future of bitcoin isn't tied to daily or monthly price fluctuations whatsoever. Only the future of speculators that gamble on the price is. |
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Total investments in bitcoin businesses from vc are almost $1 billion this year alone...
These people invest in businesses instead of buying coins for 2 reasons
1. Bitcoin is a great technology and it is here to stay.
2. The market is very shallow and bulltards and beartards can move the market big time... They get panicked every time the hear the words China or Russia and get overly excited every time they hear the word paypal or whatever...
For now price is important only for day traders and speculators.
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