captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.
It was around $240 before Greece basically walked out on negotiations. yes, a 4% rise,and thats it? i mean seriously, a euro-zone-state getting capital controls was one of the big things to look ahead. compare that to 2013 when cyprus had problems... The poll's wrong now though, the highest price on it is 247. I thought capital controls would lead to more buying pressure. There's an awful lot of coins in the sell walls. This time might be different because the mood was different in 2013. In 2013 the media was just finding out about Bitcoin just as Cyprus happened. So the narrative in some of the news stories was...Cyprus is taking money from peoples' bank accounts. This could not happen with this new thing called Bitcoin. At that point people thought that everyone would start rushing to Bitcoin to keep their money safe. Not as many did as expected. But it helped to get the word out about Bitcoin. |
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captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.
It was around $240 before Greece basically walked out on negotiations. yes, a 4% rise,and thats it? i mean seriously, a euro-zone-state getting capital controls was one of the big things to look ahead. compare that to 2013 when cyprus had problems... I think people are just now wrapping their heads around what's going on. |
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captal-controls and BTC stays more or less the same. thats kind of disappointing tbh.
It was around $240 before Greece basically walked out on negotiations. |
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For the first time in a long time I am confident in a rise in the Bitcoin price. For past jumps to $300 I knew it was just manipulation and emotion.
Now the bottom has been solidly established and we are heading in the right direction just in time for a currency uncertainty which gives Bitcoin a prime reason for escalation.
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I don't really think that it is only the gross debt that determines whether the economic system of a country is going to collapse or not.
When we take a look at Greece, they could easily receive more money from the EU by just applying to the given rules. However, they appear to be too stubborn. Sure, these rules are not nice, but if you see how much money the EU is pumping into Greece (in order to try to save it, remember that!) I think they're in a position to set the rules.
They sacrifice some sovereignty for a bail out from the EU because their debt is out of control and they can't pay for it. They can do that. The US debt is out of control and they have no outside entity to sacrifice their sovereignty to for a bailout. Other than the Federal Reserve who will have to print out a whole lot more money. |
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Japan is primed for a collapse. And look who's coming in with the third highest debt to GDP ratio after Greece...  |
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It already is money. It just isn't legal tender... yet.
and never will be, because of its decentralized nature, i doubt the government will declare it, as a legal tender like their fiat currency, also some country already has taken decision on it, by declaring it as a property or commodities declaring it a legal tender would mean , basically, inciting people to use it instead of fiat, essentially it is like going against themselves I guarantee it will be the legal tender of a nation some day. |
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Worst and most screwed up trolling i've seen in a while ...
on second comment: satoshi could be dead
So you're saying the "million bitcoins" Satoshi supposedly owns will never be spent? That would send the price to the moon and all trolls that keep bringing it up would have no argument other than hoping and wishing that he is still alive. If Satoshi is dead then luckily he gave Gavin the alert keys so they can still be used in an emergency like when we had to fork in 2013. |
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Is the Venezuela Bolivar money?  |
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My argument against it would be that Satoshi still holds those keys as well. I respect Satoshi enough to not take that from him.
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HEY EVERYONE, UPGRADE TO XT RIGHT NOW!
OP is basically making that argument and wants everyone to upgrade to XT. One one side of the blockchain upgrade proposal are the folks that say we need to follow the BIP process for any Bitcoin upgrade. On the other side, Gavin and Mike Hearn after much discussion have left the decision to the Bitcoin community. If enough people start using the XT wallet then consensus will be reached and the block size will be upgraded. A method the OP appears to prefer. As opposed to the BIP process used previously. |
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But all past changes to Bitcoin have been through the BIP process, a consensus approach would be different from the past approach to changes.
What would we do, create a new wallet without Gavin's Alertkeys and if enough people adopt that new wallet without the keys then eventually it forks and we move forward with the new consensus wallet?
It's about consensus in the community and not in the code. So BIP makes not a lot of sense here. Showing the fastest route, that's all. What would we do to create Bitcoin without Gavin? Just look for a broad consensus in the community for it and after that is reassured we'd just ask the core devs to look at our community decision and if they aswell agree they could then with the support of the community change with no code changes to a new github without Gavin commit access or alert keys. People could then choose to update to the new client if they wish to not be bothered by Gavincoin-spam in their Bitcoin wallet or just use the old one in case they don't care about the alerts. Actually for users not a lot changes. The only sideeffect i could imagine would be the one from Gavin loosing his mind and abusing his old alert keys to confuse people who haven't upgraded to non-Gavin-Bitcoin yet. So basically nothing would change except Core moving to new github with new alert keys. End users shouldn't notice. Miners don't need to upgrade. Change is potentially reversible (but unlikely to reverse afterwards) and has no impact on the network, market or miners whatsoever. It doesn't even need testing on testnet! No change to the code and can be done in an afternoon. Discussion could be brief and action swift. Ya, I guess that makes sense...just create a new wallet and if enough people adopt it then consensus is reached and the new code would be in place for Bitcoin. If only they used your approach for getting consensus on a new blocksize. |
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So you don't think we should follow the BIP way of adding features to the wallet?
This isn't a feature in the wallet.
Does a consensus approach seem like the best way to make changes to Bitcoin?
Looks like it's unavoidable. Actually consensus rule works great in many cases and ensures something is supported by very many people when a real consensus is found. Employed correctly it can bring great benefits... Bitcoin runs on it so how could there be a better method? Actual consensus means change is supported by more than a supermajority or at least not opposed by people. Right now we certainly don't have consensus for a Gavin with Alertkeys so i thought i'd bring up this topic to test if there was even still support for him in any way, because if it wasn't, consensus would actually lean more towards the new proposal to exclude him. So that's why we're interested in voices and arguments against an exclusion of Gavin as those arguments will be the only obstacles to overcome to reach solid consensus on the proposal. So don't be shy, list your long and personal list why you think Gavin holding the alert keys is absolutely vital for Bitcoins' viability and why the sky would fall for you if a consensus would be forming for his exclusion. I'm begging you please give your reasons to oppose this very simple one-line and non-code proposal! But all past changes to Bitcoin have been through the BIP process, a consensus approach would be different from the past approach to changes. What would we do, create a new wallet without Gavin's Alertkeys and if enough people adopt that new wallet without the keys then eventually it forks and we move forward with the new consensus wallet? |
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Call it what you want. As long as I can get paid in Bitcoin and buy things with it, you trying to put some word to it does not really matter.
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So you don't think we should follow the BIP way of adding features to the wallet?
Does a consensus approach seem like the best way to make changes to Bitcoin?
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Vaultoro sells gold for bitcoin. Perhaps those hits were just Greek googling for "gold". The recent price rise may not be due to Greeks buying bitcoin, but rather to non-Greeek traders buying bitcoins because they expect the Greek to buy. Someone noted that it started as soon as negotiations collapsed and Tsipras announced the referendum. Wasn't that too soon? It would take time for the Greeks to open accounts at Bitstamp or Coinbase, send their money there, etc.. It was the same with Cyprus. The price jumped when Cyprus froze peoples' bank accounts but it was not people in Cyprus buying bitcoins (it was noted that there was little to no activity with Bitcoin in the country at the time) but it put a spotlight on the fact that a country could possibly freeze bank accounts and that with Bitcoin you can't do that. Greece collapsing just highlights the vulnerabilities of fiat currency which will certainly give Bitcoin a boost. There could certainly be speculation that Greece would adopt Bitcoin which will push the price upwards but it is not a realistic expectation. |
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is always good to hear that from a big company like amazon, but i dont beleive his reply since they didnt accept paypal yet for example, so i didnt know what to think about it.
btw as i sayd, would be awesome if they do it, lot of big companys will do the same after see it.
maybe that they just don't incorporate bitcoin because of the blocksize. if such a company indeed accept bitcoin as form of payment, then it will result in full to nearly full blocks if it turns out that amazon sells a lot via bitcoin. Ya, because everyone is worried about the blocksize upgrade, even Amazon  |
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Having invested in gold for a while I found that any fast drops would also drop the price of gold in the short term. But over the long term they are opposites.
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