Check out purse.io. You can convert quickly and safely, and you can get better rates than 30%.

You aren't the first to wonder about those apparent contradictions. I don't think he ever clarified them.


Prior to WW2, something like 40% of the U.S. population worked on farms. Now, because of technology, it's more like 4%. We do not see 36% unemployment because people adapt. Many kinds of jobs will disappear in the future due to the advance of technology, and people will adapt.

In the U.S., the government has the authority to confiscate property used in a crime, but they don't have the ability to confiscate bitcoins unless they have the private keys.

There is no IP information in a transaction or in the block chain. That is a myth that is probably perpetuated by blockchain.info because they show the IP of the node that relayed the transaction to them, and it is mistakenly assumed to be the IP of the originator.

Its not that easy. Faster confirmations come at the cost of lower security.

For the next time, here are two tips:

1. Import the paper wallet directly into Mycelium instead of going through blockchain.info.
2. Confirmations are not instant. Plan ahead.

That's a common belief, but it is shortsighted and not a good explanation for the falling price. Sure, merchants usually sell the bitcoins they receive, shifting the supply curve and putting a downward pressure on the price.

But, you are ignoring the demand side. People buying with bitcoins have to buy the bitcoins, and that shifts the demand curve and puts an upward pressure on the price.

So, as Bitcoin adoption increases more merchants are selling bitcoins and more customers are buying bitcoins. The two cancel effectively each other out.

Your question doesn't make sense. You are asking why the value of a bitcoin is so high ($240/BTC), when 1 satoshi could represent one cent ($1,000,000/BTC).

You should probably find out what happens to your money when their business fails and they declare bankruptcy.

There is no reason for the shares to be priced above the actual value. It seems like all someone has to do to make a killing is to exchange bitcoins for shares and sell the shares. There has to be some kind of liquidity problem.

You can sell on this site in the Currency Exchange forum: https://bitcointalk.org/index.php?board=53.0

Lots of people sell on Localbitcoins. Here are people that are buying bitcoins with skrill: https://localbitcoins.com/sell-bitcoins-online/moneybookers-skrill/
Be very careful. Skrill has a high risk of fraud.

The rate of return on any legitimate investment you make depends on the level of risk. A guaranteed investment will have a very low return. A risky investment might have a high return. A guaranteed high return is probably a scam.

By design, the chances of solving a block are proportional to your hash power. So if you are contributing 1/5 of the total hash power, you solve around 1/5 of the blocks. There is no way to directly measure the hash power of all the miners. It is currently done indirectly by measuring the time between blocks.

When you submit a share to a pool, it verifies your work before crediting you. If you modify the coinbase transaction to point to your address, the pool will know and reject your share.

Then it is just a normal bond except that payments are made using Bitcoin. Asset holders wouldn't need an bitcoin income stream because they can easily convert the payment from fiat.

Airbitz has a business directory integrated into its wallet.

Bitcoin will not die, but it will change.

When the limit is reached, a transaction will have to pay a fee in order to be confirmed by the block chain, and the amount paid will determine how quickly the transaction will be confirmed (if ever). The amount that has to be paid could rise very high if Bitcoin goes mainstream.

As a result, most transactions will move off-chain, but they will still backed by the block chain.

Its crazy that people are paying the equivalent of $550 for a bitcoin.

In short, the problem being described is that we are reaching the 1 MB cap on the size of a block. When that happens, some transactions may never make it into a block because of space limitations. It may or may not actually be a problem, but Mike Hearn considers it a problem and he states that the only solution that can be implemented before the limit is reached is to raise the limit.

The original article is clearer than the CCN summary. You can read it here: https://medium.com/@octskyward/the-capacity-cliff-586d1bf7715e

Buy low, sell high is not a strategy.

That is a great example of how companies use regulations to fight off competition. Now that Coinbase is finally getting its compliance act together, it is using compliance as way to scare away competitors.

If they really wanted to help, they would instead say, "we'll help startups get over the compliance blockades". But they don't.

The jokes on you. directory.io is fake. It only computes the bitcoin addresses for the private keys on the pages you look at.

Using brute force guessing, you are currently 7,142,168,459,456,328,726,581,608,448 times more likely to solve a block than to guess a private key. Guessing private keys is stupid. It is much more profitable to mine blocks than to mine private keys.

Chance of guessing the private key of an address: 1 / 2¹⁶⁰
Chance of guessing the nonce that solves a block: 0x1713DD x 2¹⁶⁸ / 2²⁵⁶



No, he used a different address every time. But even if an address has 1,000,000 BTC, it still would be better to mine than to try to guess its private key.