Do you agree that authority should be given to certain parties to control the flow of crypto-currency?
I nominate you. |
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A few lists of large exchanges that let you do what you are asking:
btckan.com/price
bitcoinwisdom.com
bitcoinwatch.com
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Stop the sophistry and just admit that Bitcoin's energy usage is obscene.
You asked how much energy bitcoin requires, not how much energy miners are choosing to use. The answer is still zero watts. Well, not exactly, you'd at least have to solve difficulty1 blocks... Still the person who watches this single miner uses more energy per day than the computer to calculate the hashes. lol, nice  I have another comment for those that complain about energy use. Why do you think the cost of production of money should be 0 watts? Don't you see the incredible waste this has lead to? In the end it matters little how we justify it here or whether we agree or not. The cost of production of money now is determined on an open market of public currency mining. |
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If the pro-vaccinators wish the anti-vaxxors to take the vaccines to keep the herd safe from disease (herd theory)
Do Bitcoiners have the same argument - everybody should use Bitcoin to keep (the herds money) safe.
What I mean is, do Bitcoiners have the right to abuse non-Bitcoiners because of their choice of money?
(of course I would never do it)
Nice try I think you may have got the (admittedly a stretch in any direction) analogy reversed. Vaccines and fiat: pushed by private corporations to make a profit off the backs of the less educated. |
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 Haha these militant veggies are pretty funny. It's natural and healthy for us to eat meat, the canine teeth in my mouth prove it. It's funny all these mad veggies coming up with twisted logic like "rape is also natural". It's funny all these militant corpsemunchers coming up with twisted logic like "these teeth are kinda pointy compared to the others therefore cancer is healthy". |
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Last century: Cost of production of money: 0 watts. Massive waste of all resources results.
This century: Cost of production of money: determined by public currency mining market. Efficient use of resources results.
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Why do you guys watch this show?
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Bitcoin is a way to prevent the most common financing method of terrorism: monetary supply fraud.
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Stop the sophistry and just admit that Bitcoin's energy usage is obscene.
You asked how much energy bitcoin requires, not how much energy miners are choosing to use. The answer is still zero watts.
Why tolerate these risks when we have the know-how to resolve these issues?
These risks have always been tolerated in commerce. Remember it was bitcoin that first introduced the idea of a public confirmations for a transaction, as it is the first public currency. People survived with no public confirmations at all, so I wouldn't complain too much that getting one takes 10 minutes. That being said, if you have an idea for improving the consensus algorithm we would all love to hear it. [/quote]
Miners are switching off. Miners are now more likely to be in a centralized data centre than under your desk. That brings risks.
I think you are confusing your centralization issues. A centralized data centre is different from a centralized currency. Pools are centralized. Miners are not. And by the way, fiat is centralized. I hope you have stopped using it completely to avoid those risks you mention. |
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Crowdfund the jailbreak on lighthouse already |
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Taking the site down should be pretty easy consider the amount of scam accusations over the net and the ongoing lawsuit..
I have managed to take down 2 sites by just contacting it's hosting provider and its registrar.
Its SSL certificate is provided by COMODO, they also can be contacted.
I have alerted 1and1 hosting through admin and sales emails. |
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I would say these are completely different. I agree. Visa is a business that will most likely continue to be successful over time. Bitcoin is something that may or may not continue to have value in the future. Bitcoin is not a stock at all. And investing in Visa is likely not possible unless you are a legally "qualified investor". How do you become a qualified investor? You need to prove that you have a million dollars and that you make a half million per year. That's it.
What are you talking about? You can buy visa stock with any brokerage account. You need to have very little money to be able to invest in visa stock. Less then $100 In fact, I can be your broker. Just send me the cash and I will gladly give you a piece of paper that claims you own Visa. If enough people do this, I will send "dividends". |
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Soon global stock market which is completely priced out of it's fundamentals with the free loan money printed by central banks, is going to crash and dumb money running to precious metals It's seems the gold will not go to moon because of the strong dollar. The Dollar will likely tank when the FED will need to create a lot more Dollars to sustain assets prices and a US economy based on unhealthy imbalances. The dollar won't ever tank. Most people think it is valuated through the fed and others but really it is backed by the most expensive military ever. Oh yea america can put econ sanctions on many this has value. As long as a govt with these things is using the dollar the dollar won't be tanking any time soon. The dollar will never go below a thousand millies hundred millies five millies. |
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Using reason and logic only. Leave the emotion and speculation to the other threads please!!!
1. Assuming silicon ASICs have now approached their limit, how much energy (in Watts) would be required if there were 10bn people on the planet and there was an average of 10 transactions per person, per day?
2. Is there any way to get the transaction time down to below 10 seconds? (i.e. suitable for buying a coffee or paying for my groceries)
3. Is centralization of the network inevitable?
1) Zero watts. There is no energy requirement for bitcoin mining. Competition drives the energy use. 2) Zero confirmations are nearly instant. This is what are used by all in person POS shops which I have used (including restaurants, coffee, groceries). There is a risk of finney attack double-spend but that risk is less than the risk these shops have previously taken to accept credit cards (chargebacks are much easier). 3) No. |
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The title says it all...the world is headed in a scary direction in 2015. How will the collapse of the us dollar and a world war effect the price of BTC?
If by "scary" you mean that there's a chance we could escape the dark ages, yeah it will be scary. Without fiat there can be no fiat-funded wars. The long term averaged value of the btc will continue to go up regardless. |
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How can anything with a mass, no matter how small, have a perpetual movement?
An object in motion remains in motion. |
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Haha these militant veggies are pretty funny. It's natural and healthy for us to eat meat, the canine teeth in my mouth prove it. I hope your sex change operation goes well, after all you do have nipples. |
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i guess their profit was $ 500 billion
$4.3 billion is a joke for these banks. its all a joke. a sad one.
I know, it just shows it was orchestrated and they want to make the banks look like they actually were punished significantly. I don't understand humanity sometimes, If everyone woke up overnight and realized this 'system' (call it what you want, NWO ETC) is rigged, and not for the benefit of the human species and its future! "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford |
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Why is it that Bitcoin companies take their seed, Series A/B, investment capital in USD? I hope we start seeing companies requiring bitcoins for raising capital.
Are you serious? It's because USD can be issued by banks at zero cost. Duh. |
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As far as I know, CHF is fully backed by gold and since the central bank reiterated many times that they will stick to the fixed exchange rateat 1.2
wtf? Not only can no fiat paper ever be backed in a meaningful way to anything, but also nobody claims that anymore. They even gave a referendum on the topic recently to make sure everybody knows.. there is no gold backing the chf and now that is the official view of the swiss voters. Also, pegging to the euro is another way to guarantee that you aren't backed by jack shit. The official stance is to publically follow the euro to oblivion and hope that the citizens can move into coin when the time is right. Wouldn't you do the same if you could issue francs? |
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