Their PR department is certainly working overtime! It remains to be seen how long they can sustain the interest though
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This problem (hacking) will continue to close down exchanges until insurance for exchanges develops. But insurers won't bother unless there are a lot of exchanges (to make a pool of contributions) and protection against hacking tightens up.
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he calculated that a single bitcoin transaction requires as much electricity as the daily consumption of 1.6 American households, and that number has increased since then. “Adopting Bitcoin as a major currency anytime in the next few decades,” he wrote, “would just exacerbate anthropogenic climate change by needlessly increasing electricity consumption until it’s too late.”
Thanks to those who want to keep Bitcoin BlockSize limit artifcally low, single bitcoin transaction has to cost a lot of elecricity. It just show how short sighted the small blockers are, if you increase BlockSize and number of transactions in the block, the electricity consumption stay the same whether you mine 1 MB or 10 MB blocks... I agree with this. But the small blockers have their own agenda - they arn't interested in scaling nor in the environment or anything else. I honestly feel that after the halving we'll see a dramatic decrease in price as people start voting with their wallets.
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It's been brought up before and apparently the owner of the forum isn't for it. People around here are pretty fucking jewish (no offense) with their bitcoin and don't give it out willie nilly. I don't think tipping would go over very well with the users even if it was allowed.
It's not just this forum. On Reddit, the only community that tips a lot are the Doge lot. That's because Doge has a super low fee (1 doge, which is about 55 satoshis). So it's easy for them to tip in small amounts that don't cost them much at all but make the recipient feel good. Bitcoin isn't built for tipping or microtransactions. The tips don't need to be done in the form of microtransactions on the block chain. Let me give you a simple workflow example: ALL of the tipping on Reddit is done off blockchain - and all the coins have a tipbot there, I've even seen a piggycoin tipbot. Yet doge is the only coin that gets tipped a lot. I don't know if it's psychological - people perhaps feeling shy about tipping 0.0001 BTC but happy to tip 100 doge. But for some reason, only doge seems to have cracked the tipping/microtransaction niche.
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It's been brought up before and apparently the owner of the forum isn't for it. People around here are pretty fucking jewish (no offense) with their bitcoin and don't give it out willie nilly. I don't think tipping would go over very well with the users even if it was allowed.
It's not just this forum. On Reddit, the only community that tips a lot are the Doge lot. That's because Doge has a super low fee (1 doge, which is about 55 satoshis). So it's easy for them to tip in small amounts that don't cost them much at all but make the recipient feel good. Bitcoin isn't built for tipping or microtransactions.
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Cryptsy site is on Maintenance,but site who is info changed - it is now blocked who is owner of the site.
It could be a signal that Cryptsy was sold(Mintpal 2 ?)
Except Mintpal's problems happened *after* they were sold. I wonder who has bought Cryptsy?
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Why would you do this? If you genuinely have a profitable trading method, why not use it to make millions for yourself? These kinds of things are only sold on when they stop working, just saying...
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LOL. I suppose it makes a change from claiming Satoshi works for the NSA.
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Well if they don't like that they can opt in for PoS coins anytime . I must admit I read the article and thought that maybe PoS was the future too...
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Reddcoin and Hyperstake
Rate of return stages? Dev names?
Hyperstake - Up to 750% but its a real pain in the ass to get it. Average is around 230% right now. Dev is presstab And Reddcoin is about 5%. Here's their forum, with all the info - https://www.reddcointalk.org/
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http://motherboard.vice.com/read/bitcoin-could-consume-as-much-electricity-as-denmark-by-2020I’m an engaged environmental researcher and have recently become a bitcoin enthusiast.
These are two possibly conflicting fascinations, as previously pointed out by Christopher Malmo here at Motherboard. That’s because bitcoin is incredibly energy intensive: at the time of Malmo’s piece, he calculated that a single bitcoin transaction requires as much electricity as the daily consumption of 1.6 American households, and that number has increased since then. “Adopting Bitcoin as a major currency anytime in the next few decades,” he wrote, “would just exacerbate anthropogenic climate change by needlessly increasing electricity consumption until it’s too late.”
As I have some experience in developing energy scenarios, I wanted to see how this could develop into the future. My findings weren’t much more encouraging. According to my calculations, if the bitcoin network keeps expanding the way it has done recently, it could lead to a continuous electricity consumption that lies between the output of a small power plant and the total consumption of a small country like Denmark by 2020.
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We should not be happy about this... My question would be.. Why not just use Bitcoin? Why are they turning their back on Bitcoin? We should get answers to these questions and improve on what we doing ...to get that business back on our side. They can't use bitcoin because of the blocksize problem. It's pretty much useless at the moment for anything with large volumes
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http://www.wsj.com/articles/bitcoin-technologys-next-big-test-trillion-dollar-repo-market-1459256400Depository Trust & Clearing Corp., a firm at the center of Wall Street’s trading infrastructure, is about to give the technology behind bitcoin a big test: seeing whether it can be used to bolster the $2.6 trillion repo market.
DTCC said in a statement Tuesday that it will begin testing an application of blockchain, the digital ledger originally used to track ownership and payments of the cryptocurrency bitcoin, to help smooth over problems in the crucial but increasingly illiquid corner of short-term lending markets known as repurchase agreements, or “repos.”
Repos play a critical role in the financial system by keeping cash and securities circulating among hedge funds, investment banks and other financial firms.
DTCC, an industry-owned utility that helps settle trades in the repo market and elsewhere, wants to apply blockchain technology to the market, so that lenders and borrowers can keep track of securities and cash flowing between firms in real time.
To test blockchain’s ability to improve repo trading, DTCC has tapped Digital Asset Holdings LLC, a startup run by former J.P. Morgan Chase & Co. executive Blythe Masters. Earlier this year, DTCC invested in the firm focused on blockchain applications, along with a range of banks including J.P. Morgan, Goldman Sachs Group Inc., and others.
Typically in repos, money-market funds lend cash to brokers in exchange for bonds and an agreement to buy back the securities later at an agreed-upon rate. During the financial crisis however, problems in the repo markets were singled out for their role in the demise of Bear Stearns and Lehman Brothers Holdings Inc.
Now, big banks have been shying away from facilitating some repo trades due to new regulations that curtail the firms’ ability to take risks.
Murray Pozmanter, managing director and head of clearing services at DTCC, said in an interview the new arrangement with Digital Asset should help because the ledger would provide a way for all firms to agree on trade terms more quickly.
Currently, he said, traders have to process two legs of each trade separately: one for the borrower to deliver securities in exchange for cash, and the other in which DTCC unwinds the trade. While the trade is in motion but not yet completed, the banks involved can take on risk.
Using blockchain in the area is still at an early stage and may not be rolled out fully if regulators have concerns or if the banks don’t fully embrace the concept. Repo traders ultimately may be slow to embrace changes that they fear could be cumbersome or hurt their competitive position.
But some bankers have been eager to explore blockchain as a way to save money and to make it easier to meet capital rules that apply to the trades. Autonomous Research estimates that $120 billion worth of capital annually is tied up in transactions between Wall Street firms, and that blockchain could reduce that by $6 billion. Those billions could be returned to shareholders or used to fund more profitable activities.
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Proof of Stake Ambercoin Rate of return 7% per year ,Dev AmberCoinDev BitBean Fixed rate of return 1000 per block , Dev TeamBean Blackcoin Rate of return 1% per year ,Dev Rat4 Bottlecaps Rate of return 200% per year, ,Dev Tranz Diamond Rate of return 25% per year, , Dev Danbi HoboNickels Rate of return 2% every 10 Day, ,Dev Tranz Kobocoin Rate of return 10% per year, ,Dev TheTribesman Mintcoin Rate of return 10%, drop down to 5% in 2017 , Dev Fuzzbawls Netcoin Rate of return 20% per year, Noblecoin Rate of return 8% per year, , Dev EagleFlies PhilosopherStone Rate of return ~50% per year , No Dev at the moment Supercoin Rate set to drop to 5% per year soon, but has Anon feature , Dev Griffin Tekcoin Rate of return ~20% a month depending on difficulty , Dev Noise23 ZEIT If you have not guessed , My Personal Favorite , 15% Harvest rate dropping down to 5% Harvest rate per year by 2017 , Dev Rent_a_RayFor Research use CoinMarketcap to see pricing & total supply as some are a few cents with only a million coins and some others only a few satochi but billions of coins. Plus read their discussion forms, to see the coin's general mood and direction. You will also want to determine what amount of coins is needed per block to stake as fast as possible to gleam the effect of compound interest. If you decide on any of them, Here is a link to my bootstrap service to save time syncing with the coin's network. Kiklo's Bootstrap.dat & Blockchain Snapshot for Proof of Stake Coins I'd add Reddcoin and Hyperstake to that list.
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This brings me to Bitcoin. I think that Bitcoin could be the world's next great safe asset. At least, it certainly seems to have all the properties that are desired in a safe asset.
Importantly, it is a "simple" asset. It's simple in the sense that it's a pure fiat object--the monetary objects (called bitcoin) constitute no legal claim against anything of intrinsic value. Bitcoin is simply a record-keeping technology (and economists have known for a long time that money is memory). It pays no interest. Possession corresponds to ownership (unless counterparties are involved). The ledger has proven itself secure (not a guarantee that is can never be compromised, of course) The fact that he refers to Bitcoin as a record-keeping technology that represents no legal claim against anything of intrinsic value shows he has a deep understanding of Bitcoin, at least from a financial standpoint - and I'm starting to realise that most central bankers have this exact same view, which is a great thing in my books. To me, it shows that central bankers have known the potential of bitcoin from the very beginning - and could, perhaps, be more involved with the technology than they publicly let on I think the central bankers are looking forward to the next financial crisis. They had to bail out the banks in 2008 because no alternative payment processor existed (bitcoin hadn't yet been invented) and they were worried about employers being able to pay employees, pay suppliers and so on. Now that an alternative exists, do they need to bail out banks, or do they simply switch people to a blockchain and commerce carries on regardless of the banks.
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http://www.breitbart.com/big-government/2016/03/27/bitcoin-is-crushing-bank-fees-in-emerging-economies/The remittance market was $588 billion in 2015 and could reach $1 trillion by 2020, according to the World Bank. Although every country on earth receives remittances, the largest markets were India at $71 billion; China at $64 billion; Philippines at $25 billion; Mexico at $22 billion; Nigeria at $21 billion; Egypt at $17 billion; and Vietnam at $11 billion.
According to the IMF, the percentage cost for receiving $200 remittance transfers in emerging economies averages about 10 percent. But it can be much higher for certain emerging economies:
Germany to Serbia = 20.9 percent
South Africa to Mozambique = 22.4 percent
United Arab Emirates to India = 13.1 percent
United States to Colombia = 17.5 percent
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Some exchanges have graphs - you could try logging into one and seeing if they go back to 2013. Bitstamp definitely existed in 2013 so they should have the info on BTC/USD as should BTC-E.
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They didn't really get into brute force but they simply hacked into ISIS files and found "BITCOIN KEYS" to which allow them to access their bitcoin funds. that just make sense. Because i can't believe it at first if someone actually hacked and took the btcs without the key.
The big question is, if Anonymous has stolen their bitcoin keys, what are they going to do with them? Are we going to see a stash of coins suddenly appearing on the exchanges (either now or perhaps in the future)? what i've been read from their information, they won't use it for anything since it's illegal they say they'll hold it or even destroy it ( make it lost bitcoin) so it'll neither make them got profit nor helping to funds ISIS, but i hope it'll happen so I wish they'd give it to a charity instead. I hate the idea of bitcoins being destroyed. It's not like there are an infinite number of them either.
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That is quite ridiculous. The government never ceases to amaze me on how much control they try to assert over all things period.
Granted it states: "reporting is required only if gross amounts for the year exceed $20,000 and there are more than 200 transactions."
But nonetheless it is tightening internet sales which will eventually go further and further to make the internet the same as real life commerce in the sense that only the big boys will be able to afford to play the game, so to speak. Massive megacorps will take over the internet more than it has and ultimately small business will be pushed out. My city used to have a thriving local economy until... megacorps moved in pushing out the small businesses due to lower costs and prices due to mass marketed cheap products produced and stored in high volume. The internet was a more level field of play in commerce until more recently.
It's because they are desperate for money. This is what happens when govts run deficits people - they start to claw around and tax everything that moves.
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