even if you could have true HFT, it is not necessarily advantageous, just a different style of trading. There are numerous HFT firms on the major trading exchanges (stocks, forex) that lose money and fail.
Generally speaking high frequency trading firms/hedge funds are profitable as they can accurately predict the very short term future of both prices and the order book allowing them to have a small short term advantage. The HFT benefits because they are able to profit from their investment in the technology and infrastructure while the market benefits from the added liquidity that HFT funds profide |
|
|
|
I don't speak for OpenBazaar but I would hate to see an entire network shut down over a few psychopaths when the rest of the people using it are just using it for relatively innocent purposes in comparison, I'm sure the community will inform somebody if that kind of shit happens but a true free market should never be jeopardised because of the actions of a few.
If you've looked around I'm sure you realise that the media have a habit of painting us all as terrorists, drug dealers and paedophiles when we're quite obviously not.
People may decide not to use it but it can't be shut down. It's a decentralized peer to peer network like Bitorrent and Bitcoin. It cannot be entirely shut down, but it can be effectively shut down in a number of ways. Adversaries could potentially paint anyone that uses OB as a criminal, making many people not want to use it; they could pull off a number of scams and scam attempts, making trading on OB inefficient and potentially expensive (from both wasting your time with scams and potentially actually getting scammed); or law enforcement can infiltrate the network and conduct a lot of controlled buys and controlled sells so anyone who attempts to conduct illegal activity on OB will likely get caught. |
|
|
|
Just a couple days ago I did this:
...
Man, this is annoying, when I pay small, it takes longer than paying the "standard" and when I don't pay, it gets confirmed the fastest.
You don't understand how it works. In every case, your transaction was in the next block, and the time it took had nothing to do with your fee. This is not true. The time it took (measured in blocks) has to do with the inventory of unconfirmed transactions in the nodes' memory pool. If the pool of unconfirmed transactions is large then a lower fee TX will take longer to confirm. If the memory pool size is small then it will likely not matter what size TX fee is included (up to a point) |
|
|
|
I understand for obvious reasons you want to continue the arms race for hash power and total power over the market but this is soon to be old news as you know deep down, you just need to come to terms with it. All the energy used and money spent on that is almost funny! When does it end?? Probably when people wake up to the small little fact it's not sustainable  I don't understand why you would say the amount of energy "spent" is unsustainable. The price of the energy used for PoW is purchased at market prices, and in theory the miners will only buy additional hardware if the NPV value of such hardware is positive. It is all but certain that the difficulty of bitcoin will almost always follow the price of both bitcoin and electricity (and potentially interest rates) |
|
|
|
The address was not really able to spend any inputs prior to it receiving an input. If you look closely you will see that, according to blockchain.info it spent an input two seconds prior to it receiving the input that it spent. This was likely the result of the 1st received transaction being propagated by a node and then the spending transaction being propagated prior to the 1st transaction being fully propagated. Blockchain.info's node likely "saw" the 2nd transaction first
Ah, sounds reasonable then. I guess whoever controlled that address decided to move the coins only a second or two after receiving them while the receiving transaction was still unconfirmed. That sending transaction reached Blockchain.info first before the recieving transaction was able to reach it. I've found that transactions tend to be visible (albeit unconfirmed) almost instantaneously after being broadcast so whoever controlled that address must have been in quite a hurry. It is not uncommon for someone to receive a transaction and then instantly spend the same funds to another address(es). This could potentially make it more difficult to trace the origin of particular inputs as additional inputs (from other addresses) are often added to the transaction and the output amounts will not match either of the input amounts. Sometimes this is also done in order to expedite the confirmation of a transaction as someone could potentially send a 2nd TX with a larger TX fee on the 2nd transaction and if the miner wants to claim the 2nd TX fee, they will need to confirm both transactions, this is a way that the receiving party can effectively pay the TX fee. |
|
|
|
If we won't see a mayor pump this year, 2014 is the most dumbest btc year so far, we must hit the news in a good way
Unfortunately, it looks like it is going to be that way. Although the last bubble from 2013 took only a few days for the price to go up 10x so it would not be 100% out of the question to have a late year massive rally. I would say that one good thing about the lack of a big pump/rally is that the price has stabilized substantially and as a result more people are likely now willing to invest in bitcoin and bitcoin related infrastructure. |
|
|
|
There is no such thing as manipulation for a peer to peer currency.
Traders around the world will buy if there is a perceived discount for bitcoin.
Exchanges are not peer to peer ... Exactly. I'm afraid there's not much we can do about price manipulation and it really is disheartening. There's no way to tell what the current value of bitcoin is and even the peak price looks to have been manipulated to there. Exactly , I agree with #turvarya . It is only a question of manipulation and the exchanges don't help the "peer-to-peer" idea. Producers and sellers will only sell the coin on the exchange which quote them the best price. Anyone who think the price can be manipulated, care to give the mechanic on how this can be done? It is discussed here: https://bitcointalk.org/index.php?topic=866258.0What is being said there is total horseshit. Conditions to manipulate price for long term simultaneously on all exchanges do not exists. Do you also believe the stock market can not be manipulated? The stock market can be manipulated however it is not manipulated by the exchanges, it can potentially be manipulated by market participants (although this is very rare as the stock market is heavily regulated). |
|
|
|
Why does Satoshi remain anonymous?
I think because he has trillion dollars worth bitcoin and on which he don't wanna pay tax..  Actually, the speculators would piss themselves in fear if the satoshi btc has moved. I think he knows very well that it would be the biggest crash if he touched those coins. If he was motivated by making money, I think he would have cashed out already a long time ago. Obviously there's a chance that he/she will move it, but I highly doubt that. actually, if he moves the coins off-market, it probably wouldn't even be a huge crash. there would be a whirlwind of speculation and the price would probably go down a bit, but that's probably about it. I agree that if he were to start to move any bitcoin in any of his known addresses then there would by huge amounts of speculation and that people would put a lot of effort into trying to figure out where his money is going and trying to figure out his identity. I would say that it could potentially cause at least a short term crash as people might speculate that he is about to sell a portion on exchanges (either directly on an exchange or OTC) |
|
|
|
The price keeps dropping as more merchant accept btc.
This is only a short term affect of more merchants accepting bitcoin. As more merchants accept bitcoin, more people will wish to purchase bitcoin so they can spend it, and more merchants will eventually start offering discounts for paying in bitcoin. Eventually b2b type merchants will start to accept bitcoin (and offer discounts) and as a result the effect of buying something in bitcoin will not have the same effect of selling bitcoin on an exchange. I think the best part about Modzilla accepting bitcoin is that it will increase user awareness of bitcoin and will give it an additional level of credibility. |
|
|
|
The first are some Anarchocapitalist, anarchist and some techno libertarians who want bitcoin to be away from banks and government regulations and be a product of the Darknet
The second kind is the Venture capitalist and industrialist who want to make bitcoin an Apolitical instrument or neutral technology thereby making it consumer friendly for grandma and kids.
Both categories of users benefit from the presence and growth of the other catagory. But they might not want to admit it. I agree with this (however I don't agree that both categories of people are so stubborn that they would not want to admit that Bitcoin benefits (and can continue to benefit) both groups of people. I would say that Bitcoin can and will benefit both groups of people and both groups will each be a large set of Bitcoin's userbase. |
|
|
|
|
I would like to continue participating.
Same address (19d7yR4gL2E2fgB5ERpFLhZEDUCgYZdbsH)
648 posts
P.S. I got this month's payment
|
|
|
|
Maybe Admins should add an explanation to the bans, that it is forbidden to evade a ban with another account and that it would result in a permanent ban, for all related accounts. Even if itīs natch, as you can see, most people are not really that smart. Last autumn was the beginning of an eternal september for this forum.  I agree with this. Ban evading is one of the most vague rules on the forum however it comes with the harshest consequences. You would likely need to frequently read the meta section to have seen explanations by the admins to really understand what ban evading is and the few exceptions to being able to post when you are banned (only in meta) |
|
|
|
I can stay on topic if you want me to.
I honestly think most posts were relevant to the topic, they were not spam. And who are you to get into my business about my posts? I deleted them anyways, so this thread should be deleted also.
That is my opinion^
Okay, almost none of the posts that you made with that account were on topic to the threads. They were all more or less useless and were resembling the kinds of posts made by the spammers that caused many people to complain about signature spamming. I am actually surprised the account was not banned (maybe the only reason for the lack of a ban is because you deleted the posts before the mods could look at/see how much spam you were making) |
|
|
|
Someday, the off-chain mode walllet service will make the tx instantly without any delay.
There are already a number of wallet services that can do this for you. Coinbase is probably the most popular one, however you can also use things like ghash vouchers or btc-e codes to get the effect of an instant confirmation. Realistically however, you can look at a TX and know relatively quickly that a TX will confirm or not. |
|
|
|
Even if a buyer uses escrow he will really not be protected as the gift card could be purchased with a stolen credit card. IMO you will have a very hard time finding a buyer as you are very new here with no reputation.
I would suggest using purse.io to buy bitcoin with your gift cards. You essentially purchase something on a person's wish list, the items are sent to the person selling the bitcoin, then the bitcoin is transferred to your purse.io address.
As of now there are two offers that cost $50 each that will get you a total of ~.204 BTC (or roughly $71 worth of bitcoin if you do not have prime, if you do have prime there is an offer that cost ~$95 that will get you ~.242 BTC (or roughly $85 worth of bitcoin)
i already told it was from a contest winning and i am not like that person stolening creditcard and bought amazon giftcard and also coming to escrow you just seeing buyers side what will be seller side? i.e if buyer after taking code reddemed and said it not worked? then seller will be fooled always listen see from both sides if a true genuine person was there then deal can be done You could use teamviewer to be able to verify if a code works or not; or the buyer could give his amazon credentials to the escrow who would enter the gift card information into their account. The risk is not that the code does not work initially, the risk is that the gift card was purchased with a stolen credit card. This would result in the buyer of the gift card getting the funds reversed from his amazon account. There are really just too many scams on here for people to be buying gift cards, especially when you cannot prove that your purchased it via legit means hi,i will post the image if you can tell how to upload image i can understand your feeling but seeing all like that was not good Your OP says that you won the gift card in a contest, so it will be very difficult to prove the contest organizer purchased the gift card via legit means. It has been said before, and it is worth saying again that you will probably be able to get more for the funds in your gift card if you use purse.io to buy bitcoin by filling a wish list order for a purse customer. They provide escrow that can track orders via amazon so both the buyer and seller should be protected (in theory) |
|
|
|
Crypto currencies won't go up significantly before QE4 starts, which will be larger than the first 3 QEs combined. It should be a less than 12 month wait for the next QE as world economy is falling to pieces and they will try to pump it up one last time with an unlimited QE this time until the entire fiat system is reset to something else. They will try to bail-in bank depositors at the same time. That will be the environment in which crypto currencies will blossom in 2015(16)-2020.
It is unlikely that there will be a QE4, without another major financial crisis. The federal reserve has said that they plan on rising interest rates in the semi-medium term to more normal levels, however they reserve the right to use QE in the future if all other policy options have been exhausted |
|
|
|
moreia is a scammer
moreia was involved in various Bitcoin HYIP/ponzi scams. moreia has also tried sending malware / wallet stealers, LOL.
FairProof, don't pay out this user.
While I do not consider any of this activity to be trustworthy, I do not think any of this is a valid reason to not pay moreia. If he won the money then he should be paid, end of story. Unless it can be documented that the maleware that was sent by moreia had caused him to win when he should not have won then he should be paid. Although admitting that the maleware had caused him to win would certainly be a black eye to your site, it is the only real reason why he should not be entitled to his winnings (I would not put it out of the question that this is what caused him to win)  As he says in this email, he was not infected and not affected by the malware sent by darksun, therefor, He says that their system was not infected by the malware however he also does not say how he know it was malware. It is possible that he did not want to admit as such as it would cause gamblers to lose confidence in his site |
|
|
|
Nobody agrees to pay tax, its taken off automatically in our paychecks.
You agree when you voluntarily pay it. Move to a place that doesn't demand income tax. Don't some American states not even have income tax but just sales tax? I think it's the opposite. Some states have no sales tax. There are some of both. Some states have no sales tax and some have no income tax. Most have both. I don't think there are any states that have neither. Pretty much all states have a property tax. You do agree to pay the taxes because you are not forced to live in a locality that has taxes, as you could move somewhere that has lower taxes (or no taxes - although I doubt there are very many places like this because the government will provide services to it's citizens). is correct. Washington and Nevada don't have an income tax, Oregon doesn't have a sales tax. The price, at least for Washington and Oregon, of not having one or the other is that by necessity the remaining tax has to be higher in order to be able to provide the services to the state. Nevada may be an exception to that since they get so much revenue from gambling that they probably don't need to raise sales taxes to make up for the lack of income tax. It's turned taxation in Washington state into a regressive system. If you're a multimillionaire, it's a great place to live because you're spending taxes only on your consumption / spending. If you're not making much, it's lousy because the bulk of your money is spent on things you need and thus you probably pay more in taxes than a place like California which has both. One state that you forgot to mention is Alaska. That is probably the only state that will effectively have no taxes if you make little enough money (the threshold is probably slightly above the national average income level) as they will give you a stipend of several thousand dollars per year that is from alaskian oil revenue. You will have to pay property, sales and income taxes (I think they have all three) but the total of these taxes will potentially be less then what you get from the oil refund |
|
|
|
3600 are produced daily I think....
And it is only a small fraction of total exchange volume. According to blockchain.inf/markets, bitstamp has ~$9.5 million in trades in the last 24 hours, with bitcoin trading at ~$400, that works out to ~24k bitcoin in the last 24 hours. The amount mined per day is roughly 15% of that figure. Taking away 15% of the supply of a product would almost always have an impact on the price According to Bitcoinity ( http://bitcoinity.org/markets/list), the total traded in the last 24 hours on all exchanges was 484k. Bitstamp's 25k is a little more than 5% of the total exchange volume. 3600 BTC is only 0.75% of the total exchange volume, and don't forget that 3600 assumes that all mined bitcoins are sold. Anyway, my point is not that the price is unaffected by newly mined bitcoins. Of course it is. It's basic inflation of the money supply. I just don't think it is the major cause of the steep decline over the last 9 months. Mining has increased the number of Bitcoins over the last year from about 12 million to about 13.5 million. The increase is about 13%, so from a mathematical standpoint, inflation can account for only a decline in the price by about 11%. Regarding your 11% comment, I don't think that's how it works. Example: If you were to take 11% of the value of bitcoin's market cap today and dump it on all exchanges at once, it would SURELY drive the price to zero. That's because the size of the cumulative exchange orderbooks is just a fraction of what's sitting in cold storage etc. So for every 1% of coins dumped it will have more than 1% effect on the price, unless done over a loooooooooong period of time such that the order books are thoroughly replenished between sales. He is talking about monitory inflation, not the sale of additional bitcoin in the market. His calculation comes from the assumption that the market cap of bitcoin will stay fixed while the number of bitcoin will increase. Since there will be more bitcoin overall, the price per bitcoin will go down by 11% if the number of bitcoin goes up 13% |
|
|
|
Every month, your employer transfers Bitcoins into a time-locked address that can't be transferred out before you reach retirement age. You have the key to the address. You can verify the transfer on the blockchain.
There are many reasons why someone would be able to withdraw money from their retirement accounts as it stands now. Age is only one reason why people can withdraw. Another issue is that there is no guarantee that bitcoin will still be around by the time a person is ready to retire. I agree that bitcoin is very attractive today, however this may change in the next 40 years when many people who are early in their careers (and just starting to save for retirement) will be ready to retire |
|
|
|
|
Show Posts
