Guys, he's an economist. He knows better than us. If he says the price is $10, we must just be reading the charts wrong.
Sure, he is an economist, so he know better than us how to manipulate the market, seed the fear and try to protect the banks monopoly and slavery system. Just because he has some fancy degree or job title does not mean that he is correct in his logic. |
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Well, BTC is growing by having business adopt it and through the building of a strong infrastructure on top of it. Advertising might help a little but just getting the name of Bitcoin out the public space isn't going to be suffcient for the public to truely embrace Bitcoin and use it as a currency. A focus on education is probably what would be required. And it's not an easy task to educate a public which has no desire to learn(of course some people do, but I think it's safe to assume the majority do not).
As far as LTC goes, I don't feel that Litecoin has shown any innovation or progress since 2011 when it was created. I don't see the much to the argument for Litecoin continuing to be a major cryptocurrency unless the development team seriously steps up and starts adding innovated features. Considering how many new and exciting technologies are coming out in the crypto space right now it's likely Litecoin is going to be left behind unless something changes soon.
I'm sorry, not to sound like an ass but where is all the BTC innovation? This is an old and stale argument. I can replace the LTC in the above quote with BTC and it has the same meaning. The fact of the matter is that BTC and LTC work together. The devs work together, and even the P2pool code received a tremendous donation from the LTC devs/community (which everyone uses, everyone meaning coins not people lol). BTC and LTC are brothers, LTC just happens to be a year behind in just about everything, but still light years ahead of other coins. BTC has lots of innovation. Coloured coins, Lighthouse, tons of third party applications being built on top of BTC. Yes, the core protocol evolves at a snails pace. But with BTC the community is so large that all of these outside features that work with BTC can make up for it. With LTC there is nothing as far as I know. BTC and LTC don't work together, I don't see that connection at all really. On the other hand there are lots of altcoins innovating lightning speed. Adding features like crazy while LTC does nothing but collect dust. Personally, I would love to see a push to modernize LTC and bring it back to its former glory. But I don't see anyone from the LTC community caring enough to start in that direction. I would argue that some of the features that the altcoins offer hurt the value of the coins rather the help the value. Less time between blocks means that more blocks will be orphaned, giving you less certainty that a TX will be included in the blockchian even after receiving confirmations. It would also give incentives for miners not to include any TXs in blocks they find as if they spend extra time to include the TX then there would be a greater chance their block would get orphaned. |
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hey! i think bitcoins can becomes the local currency in the campuses. sounds great. Does anyone there learning now in an university with big campus? Good idea, i think. - could u help me with chemistry? - 0.2 BTC, please  I don't think many people pay their friends to get help with classes. Most departments offer free tutoring if the department is big enough (has enough students taking classes in the subject) and professors must have office hours to help students who are struggling and to provide clarification on what was discussed at class. I think it would be more likely for places like school bookstores and the cafeteria/restaurants on campus to accept bitcoin |
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Idiots are the biggest threat to Bitcoin.
This is actually a true threat to Bitcoin as more people use bitcoin, a lot of people who are not security conscious/tech savvy will use it and ultimately somehow lose their coins, either by theft or looking their keys. This could give bitcoin a bad rep |
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If I deposit some Bitcoins with a trader like Kraken shouldn't I be earning interest on my bits?
Banks pay interest because they lend your deposit to people at a higher rate. It also protects you against inflation. Bitcoins are more like gold. Interest isn't paid when you store your gold somewhere. both gold and bitcoins are hard to lend. Bitcoins even have deflation. I agree with you. I haven't found any site which is providing such kind of interest for the deposit of BTC. Unless you want the site to operate on a frictional reserve system and lend out your coins you are not going to earn interest on them |
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Wow thanks for the heads up man. I have used that exchange couple of times but i didn't know the buyer can cancel the trade and seller can't thats not good. I'll sure think again dealing in future there.
Where did u get this part that says a Seller cant cancel a trade ? If the seller has set it up for full escrow then the seller cannot cancel the trade. This feature is used when the people are not going to meet face to face (bank transfers, WU, PayPal, etc.). I always meet face to face for cash so I do not use the full escrow service. Instead I simply fund the transaction to show that I have the BTC ready for the buyer, we meet, they give me the cash, I count it, then I release the BTC to them. Simple. If they don't show I just cancel the transaction and my BTC are released back to me. If you use the site correctly there are no issues. It is a great site. Use it all the time. Never had any issues at all. When you do this then the buyer is the one taking the risk as if the seller was going to scam then he could just take the cash, put it in his pocket and walk away. |
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At least bank's transaction can be reverted. So its almost risk free.
Not if that bank is insolvent or freezes withdrawals. Having a bank account is worthless if you can't access your funds. It would be unlikely that your account would be completely worthless in the long run as you would eventually be given something. Although this something is likely to be much less then what your account should be worth based on how much you have deposited |
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Bitcoin is only pseudoanonymous (though if you hide your IP and use new addresses every time it is pretty much anonymous).
That being said, I can't wait to see what extra anonymity features that Zerocash will be bringing to the table when it is released!
You can use blockchain's shared coin to get the same effect as zerocash but with shorter TX confirmation times as zerocash has all TXs in a shared coin format and when one party "backs out" of a TX then the TX will fail and all the parties will need to try again by all signing a new TX If your trying to launder coins i would suggest for you not to use sharedcoin as it has been proven not to be so anonymous Link: http://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert/You can be tracked by an attacker with shared coin but not with 100% certainty. IIRC one of the articles about this said that it could identify the recipient of a transaction with 25% certainty. The researchers matched the senders with the recipients by looking at matching input/output amounts on a TX. This problem could easily be solved by either of two ways: 1 - Have the coins take two (or more) paths to their destination. This would mean that you would have to participate (via the blockchiain.info web wallet) in more transactions and would take longer to set up. Alternatively it could be set up so that you can have multiple ultimate output transactions, possibly with a different number of intermediary transactions. 2 - Charge some kind of randomized fee for the service that is paid at random times throughout the process. |
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Despite all the douchebaggery of Ebay its relatively safe at least.. But still they get no excuse for their fees  100% agree with you, eBay is safe for buyer. Buyer can play with the seller as he want. If a seller is unlucky and find some scamer, in most of case the seller loosing 3 things; money, goods and reputation (negative feedback)About fee i don't mind. If i would do google adwords to get customers, the charges would be much higer than the eBay fees... You do realize that, because of those fees, you are essentially paying a much higher price for what you are buying then if the fees were not there? |
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I'm not liquidating my retirement fund in favor of bit coin just yet, but as my purchasing power shrinks over time it might be something worth thinking about. It is just too new to put all of my eggs into one basket just yet.
If your purchasing power is shrinking you're doing it wrong. It has been the best stock market in the last 5 years and almost a challenge to not compound faster than inflation.. This will not continue to be the case as QE has influenced returns greatly. This would also not apply to you if you were to able to invest additional amounts into the market over the last 5 years (or large amounts as a percentage of your total portfolio). If you are decades into your career then you would hopefully have a substantial retirement fund saved as of 5 years ago, so the new money that you contribute will do well but the rest would not as a lot of the returns would simply be recovering the losses from the bear market |
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the 20% remaining i would bet it intelligently in this World Cup 2014. Believe me you can easily have twice 50k by the end of this year.
It is a horrible idea to gamble money that you intend to invest. When you gamble you will either earn somewhat of a return or will lose everything for that bet. When you invest you have the possibility of earning a wide range of both positive and negative returns. It would be possible to lose your entire investment when you invest, however the chances of this are relatively low |
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I spent it all on pizza long ago: https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH43-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza. I mean people can say I'm stupid, but it was a great deal at the time. I don't think anyone could have known it would take off like this.  Laszlo wouldn't u be a hero member by now? doesnt have to be, as bitcoin was not so much "a thing" back then, and alot of people went in and out on bitcoin. but that pizza story truly is epic and shows how much patience sometimes pays off. personaly i woudnt want to be that guy, but then again , we may also be the funny guys in history, selling for under 1k; one never knows cheers IIRC the guy who bought pizza for 10k coins said in his OP (or maybe in the thread where he made his offer) that he had mining hardware that could easily generate 10k+ coins per month and he actually did it a couple of times. Assuming he did not completely cash out, he likely has a good amount of coins in his possession. It may not be millions of dollars worth, but certainly a good amount by most people's standards. |
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Most sellers on localbitcoin source their bitcoin from the main exchanges. Of course the price will be higher there.
the price on localbitcoin is linked directly to bitstamp (I think this is the one). Sellers make their price a percentage of the bitstamp price. Most are above the price, but there are a few that offer discounts |
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Nothing can only be bought with bitcoin. That is not the purpose of bitcoin.
The selling point behind bitcoin is the fact that it can send money around the world instantly (0/unconfirmed) virtually free and you don't need to trust anyone in the process.
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As the Bitcoin fx rate climbs the incentive to push the envelope in chip design is ever stronger. A SHA-256 hashing circuit is far simpler than a general purpose CPU. Hopefully, Bitcoin mining will be at the forefront of reversible gate technology in a few years making the whole mining network orders of magnitude more energy efficient.
The mining network of Bitcoin - and of all "proof of work" cryptos for that matter - can not be made "efficient". At current price ($450) the difficulty should stabilize itself at of near 700 billions. (Hashrate 500 PH/s with 1 J/GH miners and electricity at $0.15/kWh). Start selling ASICs 10 times more efficient and the difficulty will just jump to thousands of billions. Low power devices will be run with sustainable electricity sources, such as solar cells, making the whole concern about energy consumption a moot debate. What exactly is the incentive that will drive miners into using unreliable and expensive sources of electricity like solars cells rather than inexpensive and always available sources like coal or nuclear ? The "startup" costs of these energy types are very high. As a result one would need to invest a lot of money in order to build a coal or a nuclear plant. It also takes many years to build these types of plants verses a week (possibly) to order, receive and setup a solar panel |
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Theres no hedge for bitcoins. Hedging is taking both sides of trade.
For example hold long bitcoin position. Sell bitcoin call option.
Since theres no options market for bitcoin theres no hedge
Strictly speaking, hedging does not mean "taking both sides", it means taking positions which move in opposite directions -- such as in your example of a long position coupled with a short call against the position. In addition, the list of types of positions which might move opposite to a long position in BTC is not exhausted by options; futures (e.g., ICBIT) and leveraged CFD-style products (e.g., BTC.sx) can perform a similar function. I would say the most accurate of "hedging" is to take an additional position that reduces your overall risk in the event that the price of a security moves against your favor, while still allowing you to profit in the event the price moves in your favor. |
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hurry, the first 100 people get their money...  ... and maybe they will print as much as everyone wants but its worthless paper in the end. man....its sad but this will happen all over the world in the next years and not many people know this.  it wont be that their paper money is worthless, it would be that their money in the bank would be worthless. Who knows, maybe we will see a lot of people from Bulgaria pour money into bitcoin |
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No offense, but, gross. Social network = spy network. Sorry but that's reality.
True this. The fact that bitcoin addresses are suppose to be pseudo anon would make it impossible for any kind of bitcoin related social network. |
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it is very important to diversify your retirement assets. Investing all of your money in bitcoin would be very risky.
For most people it would likely be a bad idea to put any retirement funds in bitcoin
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There is a ton of BTC that has gone through this address.
There is no way that people are giving her that much simply for this, or any picture. It is like 100 BTC that has gone through this address.
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