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If the backlog hasn't affected so far probably it won't now too, at least not in great deal. It's true that this is a huge issue that causes big problems so system needs to be improved. However it's not the reason to abandone Bitcoin, things could be solved but it takes good will of all involved parties.
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This world is full of so called experts for every area you can think of so this doesn't surprise me. They pick some pieces they hear or read around and make some theories without solid ground. In the meantime he has probably changed his opinion, that wouldn't be strange
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It always surprises me how people have ridiculous thoughts and desires. Some here want for Bitcoin price to crash under 1000$ so they can buy it but and immediately after that they want the price to rise over 2500$ so that they could become rich over night. Bitcoin market is not functioning like this and not listening to someone's desires. Get serious.
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Wow, what a fee, almost the same for the money to be sent. I wonder how Trezor determines that fee, how did they come to this figure. I also hope there is possibility to customize the amount of fee because this is realy exaggerated and not necessary at all.
But I suggest not to expose your wallet that much.
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Why all this dramatic posts about Bitcoin dying or going to be dead soon? I'm not sure I could understand. Bitcoin has some problems and issues, that is true, but there is nothing that couldn't be solved and people realy shouldn't give up so easy and spread the panic without any good reason.
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The issues of unconfirmed transactions and fees have been disscused so many times on so many threads here. If your transactions are unconfirmed try to speed it up through viabtc.com and for the future choose wallet where you can control the fees.
But this is not the reason the Bitcoin will die, this issue can be solved.
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I had an impression that things are improving but this numbers are realy crazy. Since I've changed the wallet where I can control the fees I don't have such problems anymore but seems that large number of people are not aware of fee policy or the problem is much deeper. Hope this will be settled soon otherwise many people could abandone Bitcoin.
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I don't think that ransomware attack even global like this one was created to affect the Bitcoin price. Many theories have appeared now, of course, but if you look at the end of story hackers haven't profited that much and.many people have decided not to pay the ransome.
And 10000$ next week is realy unrealistic to expect.
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A newbie asked what the difference between Bitcoin and real money. I almost replied that it cannot be counterfeited but paused to think before giving that answer. I wondered that if people can counterfeit money why not Bitcoin. Virtually everything can be counterfeited thesdays. Can Bitcoin be counterfeited?
Well you dont need to think too deep if bitcoin really can be counterfeited. Well before the confirmation of transactions were placed on the blockchain the best way to counterfeit bitcoin is to double spent it. Double spent coins means sending one amount using two transactions to either the same address or different addresses. Many have been a victim of doublespent before and thats why confirmation of transactions was strictly implemented. Double spending is not the same thing as counterfeiting, this is totaly different thing. Since Bitcoin exists only as a virtual currency, as digital asser, it can't be counterfeited. That is,also one of the Bitcoin advantages comparing to traditional currencies but unfortunately it could be abused in hundreds of other different ways. |
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Bitcoin has lost a great deal of its anonimity so far but still is convenient for criminal activities and atractive to hackers. One of the reasons is the value of Bitcoin and the fact that it could be easily used for different goods and services in the darkmarket.
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I think that majority of users owe a small amount of Bitcoins and that the coins are still distributed uneven. And the very small number of users owe very large amount of Bitcoins but there are not much of them who are actualy willing to disclose the exact number of coins they have.
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Bitcoin could be used everywhere wher you have Internet and network connection. But.I'm not sure there is Internet connection out in the space. This the question for astronauts. But at the moment I don't even see the reasons why should Bitcoins be used in space except as an experiment.
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Impressive letter but I don't think this will affect or change anything. It's true that Bitcoin isn't so "pure" as it was at the begininig and that today there is too much influence of different lobbies and interest groups. The sooner we find the solution, the better will be the future of Bitcoin. Hope miners will cooperate.
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Maybe the ob good thing in this all bad ransomware situation is that the hackers haven't earned that much, people were not paying to them. At least not that much as they have expected tow get. And I hop at least some of the victims have learned their lesson about the importance of protection and having back up.
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You can't prevent this to happen and Bitcoin could be abused just like anything else but that is not the reason we should stop using it. People should be more informed about Bitcoins and realise that it is not criminal currency and it could be used for very good purposes. And if are regulary doing back up on your computers and protect it with updates and antiviruses you don't have to worry about the ransome.
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I don't know, depends on many circumstances and my estimation on the situation and chances for future profit. For my taste even now the price is to high for buying so I'm trying to earn some coins without buying. But still it's good to take chance on every opportunity when the price falls down a bit.
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I don't think so, it's not very likely. By now people already have experiences with ransomware and know that paying ransome doesn't actualy solve anything and its no guarantee for decription and protection from further ransome. And I agree that the amount paid, having in mind the number of infected computers is not that big.
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You gave some good and smart advices that people should stick to. But one of the main problems is that many users just want to get quick profit so they don't have patience with making researches and collecting knowledge and experiences, so they often take too much risk that couldn't be handeled.
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I had a similar problem recently. It was about very small transactions with fee I couldn't regulate. I've tried also viabtc, that didn't helped and after a while this transactions has just disappeared from transactions list on blockchain and now I can't see it anymore and it was never confirmed.
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I've also heared that some banks are experimenting with Bitcoins or even offering some limited services connected to it it but to my opinion this are isolated cases and it will take long time if it ever happens to become normal thing that banks and traditional financial system to support Bitcoins
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