This is great. We sometimes forget that out there, people live in really remote islands. It's actually pretty shocking to thing but it happens a lot. People in the middle of the nowhere surrounded by water. All those places get internet due satellites, but usually have a lot of problems when dealing with international transactions. Bitcoin would be able to deliver instant international commerce to all those remote islands.
That's what I think too. Bitcoin can be the answer to a real problem that these remote communities experience and can bring them into the digital age.  Right off the fkn' highway. Such remote. Very community. Not a country, not an island, just a building: He is a funny guy, one can even say he is a joke. He bought a building in 2000 that has a particular history in Portugal because it was sold by the king of Portugal when the country was broke in 1903. He clearly likes monarchy and likes people to call him "Your Majesty". Here's the building:  !3m1!1e3!4m2!3m1!1s0xc605fc3501f8bab:0xffd84d2c15cda139!6m1!1e1 Irrelevant. The point still stands: Bitcoin could help a lot of people out there that happen to have access to the internet, but have a really hard time dealing with remittances. Look up a bit the amount of random islands out there with populations ranging from 1000 to 10000 people. All of those will be on Bitcoin in 10 years. |
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The next big wave of new users will begin pouring in at above $1000. Until then, we mostly on our own.
True, people are like sheep and most average joes can't look beyond a price tag to get excited about something. While we understand the technology and are here long term no matter what price Bitcoin is at, the average person will excited about Bitcoin when they realize it is "back from the dead and beyond" once we reach and pass the last ATH again, hopefully then they will start getting interested in the actual Bitcoin tech. |
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Well , aren't the developers planning to do a debate about this on December ? or it's already done and decided ? If not .. hopefully they will agree on something this time .
There was a workshop last weekend on this topic but I'm not sure if there was much progress. At least I haven't been able to find any indication that a consensus was found but I really hope I'm wrong. Dude they presented signature witness and it was pretty huge, look it up it's a pretty cool feature that will give us time to scale it a bit while LN cooks up. I think there is nothing to fear for now. I have no idea when sigwit will be operative tho, but I think it should be rather soon, maybe in 0.12. |
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How is cash anonymous?
In every store there is over 90000 cameras they can trace you by face, body if they need to.
Stop smearing your name one the bills while shopping. Well he has a good point tho, sure cash has no public ledger and whatnot, but you need to physically move it, this is counter-productive privacy wise since as he pointed there are cameras everywhere nowadays, so you can kiss goodbye to privacy unless you meet up in the middle of a forest or somewhere bizarre like that which is not very attractive customer wise. Of course this is not a problem if you just get inside a house, but you would still trust that the other party hasn't placed a hidden minicamera recording you or something. So the ultimate form of cash for me would be anonymous and online, because you wouldn't need physical presence. |
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So how we gonna categorize these two categories. Suppose if i have 0.01 BTC, so in which category i will be as i have 10 lakh satoshi and also 0.01 BTC. Quite difficult to seperate.  What's lakh? And you'll be in the satoshi owner category. It's simple, if you own 1BTC or more, you are in the BTC owner category, if you own less, they you are a satoshi user. So I would hurry up and try to make at least 1 BTC before it's too late, just to sleep well at night. |
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Unfortunately, Bitcoin is not a physical, shinny object so it can't be worn, therefore is not as attractive for girls than in general gold would be, so don't expect girls to start using Bitcoin until a couple of years from now when it becomes cool to use it, for now we will still be the Bitcoin weirdos for a while.
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It has been a while since the mask uncovered and now we see clear who wants to see a decentralized Bitcoin that work's for people's interests vs who wants to see a centralized Bitcoin whose banks can prey on and control via big datacenters as nodes. So yes, Mike Hearn is Darth Vader for all I know.
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You should be wary of the fact that so many people claim to offer a wallet recovering service once to find out later that they are running a scam scheme where you pay them and they will not give you the money back when they say they couldn't recover it, and in the rare case they recover the pass, they will keep the Bitcoin, so use escrow and trusted members only.
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Ouch, rates went down  but I should be Hero Member soon so they will go up again  |
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... but for now its not a good time as the price crashed for more than 50 USD
...and that's just the beginning. Wait til you see what happens next  it will increase again, because it was a simple trap to accumulate more this is a common pattern, for every new kind of increase there is a small retracement to consolidate the price, we can not sustain an increase without a stop at every step All of the doubters that get in Bitcoin to make some quick cash and fail to understand the implications of the technology long term are all the people that will keep getting caught in those price corrections trying to play the market. It's unfortunate since all it would take is some patience to realize that you are being victim of constant bear traps. |
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2009-2011 = epic early adopters - brilliant innovators and keen sense of the future of the technology
2012-2014 = very early adopters - people with instinct to understand potential and also attracted to price action
2015 = still early adopters - people getting on board from what the believers and innovators built
After Bitcoin goes mainstream = way too late
At the end of the day this is all relative based on the price. If it goes ballistic to 1mill/coin than anyone under 1K is an early adopter.
This is pretty accurate, even tho some people in the early days just got lucky and wanted to buy some weed off the internet or something, bought the coins, then forgot about them and found out later it was an huge thing, but most of the people was dedicated cryptographers, programers etc, and then a few lucky guys that were at the right place doing the right thing (buying cheap as hell BTC). |
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I think people are reluctant because we still have problems like these: Bitcoin exchange Cryptoine hacked - http://www.zdnet.com/article/bitcoin-exchange-cryptoine-hacked/Cryptoine has been hacked and its hot wallets emptied - but the exchange blames a programming bug rather than a full-scale cyberattack. But frankly there is no difference for the users really, what matters is that they lost BTC and cannot be trusted. But this will happen forever. Anyone can start their own exchange and then claim it got hacked. What people need to do is to learn that you should not leave your coins inside an exchange. If you really need to then you will need to learn with whatever information is required to deliver in more serious exchanges like Gemini. |
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I would go 50% on Bitcoin. Anyone that is here for long term knows that 3 figure Bitcoin will not last for too long, therefore it would be the last time in history to try to get a solid position, if you wait any longer it would be impossible to become a real whale. I could be able to live off the 500K in dollars while I HODL the BTC and invest in BTC related stuff to help it grow.
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UPDATE: Friday, Dec. 11, 4:24 p.m.: Charles Sturt University denies some of Craig Wright's claims regarding his education at the university, including that he completed a thesis.
epic! lol
Jesus Christ, this gets more and more surreal every day I wake up after the incident, it's like new stuff gets discovered that points to a massive, almost genius hoax, too bad he didn't tie all the clues because this could have been absolutely epic, well he got pretty far to be honest, tricked a lot of people the first hours. The more I hear about this guy the more I don't want him to be Satoshi (kill my newbie btc messiah dream it would) I mean wtf they have not even started to dig into his 'private life' yet....I mean say they found out he was 'buddies' with ..Jarred (the subway sandwich spokesman) with proof of child porn or something humans are 'messy' would hope that Satoshi always stays anonymous would be the most 'sane' thing he could do after inventing bitcoin! But whoever Satoshi is he 'essentially' is just ' a human' and any normal stuff in his past (bad day at work, firing someone, divorce, child ran away,) etc the press FUD would suck! My god what if they found out Satoshi was a US Citizen and a major "Donald Trump for President" supporter..worldwide BTC price would TANK! (scared self) My one small hope is at least it is looking likely it is NOT this wright character ..a guy can hope that is such anyway...Satoshi you can ALWAYS tell me ..I would keep your secret to the grave ...just to chat you up ..HONEST!.......so on any urge to spill your guts on your secret identity PM me 1st so I can frigging talk you out of it! Don't worry, it's clear now that this guy is not Satoshi, it's impossible to claim that since there are way too many contradicting points, so even if it was, it's impossible to prove it, which means Satoshi will forever remain a mystery. It's clear that magazines and specially governments want something juicy, be it tax evasion, drugs, illegal porn, or whatever, to try to ruin Bitcoin's reputation, but it's not gonna work. |
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Pass phrasses can be brute forced if the algorithm is super efficient and the compute doing is is insanely powerful, AND it will require that the password was rather simple to be able to properly bruteforce it with reasonable expectations, other than that it's just impossible.
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Not only this, but it seems some of the stuff in his resume was also fake, as reported in the new update by mashable.com, apparently he isn't even a Dr. UPDATE: Friday, Dec. 11, 4:24 p.m.: Charles Sturt University denies some of Craig Wright's claims regarding his education at the university, including that he completed a thesis. http://mashable.com/2015/12/10/bitcoin-satoshi-nakamoto-craig-wright/#rYl7EY79JSqQThis is absolutely outrageous. |
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What's unsustainable is the price being under 4 figures for any longer than another year. Im pretty sure now that when we approach the halving we are going to smash through the last ATH like a ragging bull, then we will have a lot of people selling only to find out there's no correction worth selling at last ATH prices because it will keep growing.
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Already been done, I remember a picture with an arcade machine running what probably was mame, and you were able to pay and play games on it, it had the street fighter cabinet, I will try to find the picture. Edit: Anyway couldn't find that one but I have found this:  This is great and all, but wouldn't you have to wait a long time to start playing the games. This is where fiat or a credit card becomes very handy. Bitcoin just can't do all the things that fiat can and vise versa, thats why we need both in the world. You can always accept 0 confirmations or wait for Lightning Network which will make instant payments like this pretty much possible so stuff like this could perfectly run under the Bitcoin ecosystem, it already does in casino online games. |
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Look into his records and also into his alibi. With his movement and business ventures when this was launched, it almost makes it impossible for him to be Satoshi Nakamoto. I have said this before in other posts, Satoshi Nakamoto is not an individual.
But if he is not only one person, chances are that it would have leaked already. The only way to stay truly anonymous at Satoshi levels for so many years, is not telling anyone that you are satoshi, if you tell someone even your best friend and member of the team, inside info may end up leaking, so there is a strong possibility Satoshi is only one person because of this imo. |
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Honestly, People around here are scared of Bitcoin. I was just talking to a local business owner and he likes everything that I said to him, he is just scared of the fluctuation in the pricing. Some of these business work on a small profit margin, so if this profit flexes in the (-) 10% after a customer pays for a product that day, they are out that money when they exchange.
Yeah, the price fluctuations scare away the average merchant which is absolutely clueless about how the money creation works and doesn't understand the importance of Bitcoin, they just see a crazy price and tend to avoid it. |
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