We dont need anyone representing what cannot be controlled. This foundation is a mockery to our decentralized structure CREATED by Satoshi.
They are just trying to get Bitcoin accepted by the masses and recognized by official media. Of course they have to be centralized if they ever want to succeed in doing that. I don't mind that the Foundation exists - as you said: BITCOIN CANNOT BE CONTROLLED anyway, so why worry ? Completely decentralized things don't work in the real world - that is why foundation exists: to create a bridge between the two worlds. |
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That all depends... ...On how much china really hates US dollar. Because BTC is going to undermine dollar sooner or later - it is practically inevitable. China could get rid of the "dollar problem" by either supporting Bitcoin, or simply doing nothing to stop its expansion (very good excuse) . The rest will do itself. |
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Excellent vid, thanks Mike. |
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You can try sending it with my fork (look at my signature) to pay a lower fee, but you risk that the transaction will take weeks to confirm or it will not confirm at all (depends on if the miners will like it or not). I haven't checked how such scenario works yet, unfortunately - so as I said: it's risky. I use Armory and in the options one can set the fee. I had a few dust addresses which the client was annoying me with a massive fee warning over and over again on. I went into the setup options and dialed the fee down to a level I felt was fair given the current exchange rate. (about 10 cents at the time on a few <1 btc transactions. Transactions all went through normally in the first confirmation round -could have probably made the fee less..... Yeah, yhou can use Armory for that too. It would probably also work on my fork though. |
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You can try sending it with my fork (look at my signature) to pay a lower fee, but you risk that the transaction will take weeks to confirm or it will not confirm at all (depends on if the miners will like it or not). I haven't checked how such scenario works yet, unfortunately - so as I said: it's risky. |
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Thank you very much, this is highly appreciated & anticipated by many people. |
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I don't know who this Bitcoin ATM guy is, but he was simply AMAZING. He responded to all accusations (almost) perfectly.
GOOD JOB !
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And they are paid to spit such bullshit  Of course they are. In politics & media, somebody is almost always paid to say something. |
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I read where at least one person was talking about suicide.
Why suicide when it is going to be back to 260USD/BTC in maximum 6 months ? Idiots. Well, natural selection i guess. IDIOTS: STOP SHORTING BITCOIN, IT IS AN UNPREDICTABLE CURRENCY. |
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SELL SELL SELL !!
(Or perhaps maybe just calm down and don't let "big media" propagandists/speculators make you lose so that they can buy more)
----
But i mean - seriously. What the hell is wrong with some people ? Correction was obvious and totally expected. Is there somebody here who didn't expect it ?
The currency is young, unstable and unpredictable. As all new things are.
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Oh, that is quite obvious, isn't it ?
It had to happen sooner or later and most people on this forum were expecting it almost since the dawn of Bitcoin.
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Not bad. I actually like that vid. The old sceptic smart guy is asking very important questions even though he is obviously taking side of FED and governments/central banks. |
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Better fix the date or kiba is gonna eradicate you. I'm just tellin' ya man.
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There is one reason why it won't work. Because we are already expecting it. Scenario has already been written, and this information will not be forgotten, because the Internet does not forget.
And when we are expecting it, we will be prepared.
Also I don't think the current rally is an attack by the banks. If that would occur, we would see a prices in range of 10.000-100.000 USD per bitcoin, at least. I mean, they can print money - nothing can stop them from raising BTC/USD price to $1M USD / 1 BTC.
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It seems there is a lot more people having problems with BTC/LTC transfers on BTC-E... Check out this topic in newbie section: https://bitcointalk.org/index.php?topic=170592.0It is probably not safe to do any trading with BTC-E now, until they sort this out. |
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However gold and other precious metals are not transparent. You'll never know if someone is producing gold in lab or what the limitation is - if someone is trying to make a double spend - it's possible for everyone to detect it. You can never be sure, especially if its about money. Yes you can. It is impossible/infeasible to counterfeit Bitcoin using today's technology. |
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Tonight was a ddos
fixed
check wallet
OK, thank you. Fixed. I will close the topic now. |
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I tried to buy some Litecoins on BTC-E.com yesterday. I tried a test transaction first, it was sent immediately. Then, I tried the bigger transaction... several hours have passed and I am still waiting. The support replied to me: up to 48 hours
WTF is this even supposed to mean ?!Proof: http://explorer.litecoin.net/address/LfkyWuBj9dvaHJ7LNGaoPc4PhzSRmFVZ8Shttp://imgur.com/CS3CsGRAlso they say that Litecoin withdrawals are supposedly instant. Proof:  So is BTC-E doing fractional reserve or what ? Are they a scam ? They seem to be big and established market - this is the reason i tried trading with them. |
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So the longer I think about the block size issue, the more I'm reminded of this Hayek quote: The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
F.A. Hayek, The Fatal Conceit We can speculate all we want about what is going to happen in the future, but we don't really know. So, what should we do if we don't know? My default answer is "do the simplest thing that could possibly work, but make sure there is a Plan B just in case it doesn't work." In the case of the block size debate, what is the simplest thing that just might possibly work? That's easy! Eliminate the block size limit as a network rule entirely, and trust that miners and merchants and users will reject blocks that are "obviously too big." Where what is "obviously too big" will change over time as technology changes. I support this. Let's try the simple solution and if it doesn't work, we can try something else. Bitcoin is all about free market, right ? So let's allow the market to decide for us. Configuration setting can be made for both client and miner applications, so users will be able to choose. |
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