Bitcoin Forum
June 27, 2024, 07:45:42 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 [29] 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 ... 178 »
561  Bitcoin / Bitcoin Discussion / Re: Bitcoin and its Implications on: January 05, 2016, 09:54:34 AM
So I have been incredibly intrigued by bitcoin and the entire slew of alt coins since I was told about it a few years ago and have been following it since. I think it has huge implications on society, and it just exemplifies the power of cryptography in general. Building on these fundamentally good ideas I think we can create truly decentralized messaging, voting, law writing, and more. All transparent and truly democratic. I think this is just the tip of the iceberg for a very big change that can happen. If currency can become decentralized and publicly controlled, why can't the rest of governments functions? Computers are going to get insanely good and much more complex blockchains which store more than just value ownership could enable an entirely new era of societal organization. So many people on this forum I see don't truly understand how bitcoin works or what it means, it is very fundamental and experimental only by implementation. We should all contribute and learn towards this movement and spread these ideas to others for the good of all humans.

I see that you love bitcoin (as to many of us who are here) but to arrive in the proposal of such targets (as can be these make with bold by me) is a little out of reality. A country cannot have a computer or a product of peer to peer technology (which is the technology which produced this invention and gave it this power that it has) instead of its Government, its Army, its Police, its Mayers of every city etc. The previous are some of the most important Government functions. Then we are not yet a national money decentralized and publicly controlled. Bitcoin s not currency of some country. Not only this, but about 70-74 percent of all the countries of the world ignore it totally. To not mention here those who has banned it.

Peer to peer is a technology but to arrive partially such targets (if possible) needed in the best of case at least tens and tens of years. There are initiatives which want to replace some civil services (like e-residence program or blockchain based public notary) but there are yet projects and not concrete implementations and for more are only public service and not government functions. For example I cannot understand in which way a computer can create a law? Or perform other mentioned above governmental functions.

562  Bitcoin / Bitcoin Discussion / Re: Any Ukraine using Bitcoin? on: January 05, 2016, 09:37:57 AM
Are Ukraines interested in Bitcoin ?
any of them using this forum??

As I know it is one the most "addicted" people at bitcoin. I have a friend which have a team of developers in that country (work with them) mainly in peer to peer products and according to him there is a big spread, knowledge and use of bitcoin in Ukraine. Even recently this situation is not as it was before the problems that were created in this country, yet the interests for bitcoin there remain high. This my friend is creator and owner of a website which is the successor of another one which accepted only bitcoin as currency to be founder or co founder and gave only bitcoin as a reward. According to him the percentage of the Ukrainians in the above site (actually members in the new site) was very high compared to the population that this country has. I don't know if they are active in this forum or not but that bitcoin is followed at all few in that country this is a sure thing.
563  Economy / Speculation / Re: What will January 2016 bring? on: January 04, 2016, 08:08:37 PM
The month of January has been historically unkind to bitcoiners. We've seen the ATL (All Time Low) last January (for the year 2015). We saw the ATL for the year in January 2014, so on. January has been murder on bitcoins.

The coming January is no exception. We are going to see the ATL for 2016 in a few weeks. It will be a good time to buy, so get your fiat ready.

For the moment it is not at all bad. Big stability and high price. Maintaining the trend of the last 2-3 months. I hope that go in this way. No one can find what will bring tomorrow for the bitcoin but is a fact that all the previous year bitcoin was much more stable even than to many important legal national currencies (beginning from the is dollar). So have no "reason" to change it behavior this months or in the others to come. Anyhow all that we can do is to hope that this wish become true. Or even to pray. All the other remaining things have to do with "It". "It always can do what "It" want.
564  Economy / Speculation / Re: Voodoo Magic Man on: January 04, 2016, 07:58:19 PM
The Woodoo Magic Man maybe has found the prices but has not given the days when the prices will be as it were founded (predicted) from the chicken bones. So the Woodoo Magic Man must ask not only the price but even the day in which that price will be verified. In this way have meaning even the prediction. So if the bones give three or even hundred prices, if asked and give (cannot not give if are able to find the prices) even the day in which those prices will be verified then the Woodoo Magic Man can deserve his name.  Cheesy
565  Economy / Speculation / Re: [Poll]Will BTC Rates go Below 400$ this January 2016 ? on: January 04, 2016, 06:47:43 PM
2016 is a very interesting year for the sellers.
(discussed and many think its true)
But what about the buyers ? What do you think ? At any point will btc rates go below 400$ this month ?

It would be definitively even for the buyers. First of all the first 6 months everyone will buy. Or at least most of those who know what is halving and that it will be a halving. Everyone who understand what is halving will hope that the normal thing (the increase of price) will happen so will buy before to sell after. then will be even another category of bitcoiners (in which are pert even me who will buy even after halving. We will buy because our plans for bitcoin are long term ones. So we buy because we hope in one more bigger increase of the price of bitcoin in the years to come. So for us the halving is only a little step in the big mountain in which will go the price of bitcoin.
566  Economy / Speculation / Re: $400 will not survive the weekend on: January 04, 2016, 05:33:41 PM
The price is barely floating above $400. But for how long? The latest analysis suggests the breakdown to be happening soon.

Where are the analyses? Where are based? Seems that are based only at the mind of the one you have spoken or at the thread or news that you have read. Or maybe in your mind. Because weekend is gone out and bitcoin is stable at 430 us dollar plus minus some dollars. So, if go even higher what would tell your analyses? I bet you would tell that was not mines. Or that were only guesses more than normal in this section.
567  Economy / Speculation / Re: What is exactly goin on with that MMM pyramid? on: January 04, 2016, 05:10:36 PM
There are some theories that it was MMM that pushed the BTC price in the recent months - so if MMM gets into trouble - this might mean a BTC correction.

There are some strange announcements: https://m.facebook.com/story.php?story_fbid=972278662821447&id=100001179666580

Anyone has better sources about this?

Cannot believe that MMM has such power regarding bitcoin. Being MMM China or MMM world. I don't know both and is the first time I hear about those. If these are so important the news which to do with bitcoin maybe would have some time news from those. Anyhow think that don't exist some organization which can have such power at bitcoin. Its decentralization make difficult the concentration of such power able to manipulate it in this way. Was MtGox but there were concentrated about 80% of all the trade and change of bitcoin. And the first thing that a newbie learned about the world of bitcoin after the known of it was exactly MtGox. The same would be if MMM have the power that pretend. But no one know MMM. Or very few.
568  Other / Off-topic / Re: 2016, The Year of Bitcoin? on: January 04, 2016, 03:49:10 PM
I've got mixed feelings about this

Yes I think it's time for bitcoin to shine but i still think we have not achieved anything expect for the 'blockchain'

The most big achievement of bitcoin is to have been created, to exist and to go from zero value at 430 us dollar in the moment I am writing. Without having no one to help it except itself and its followers. In other words: an orphan. Even with all its followers. Which are much less powerful than them who take care for us dollar. Can you imagine the possibilities that have an orphan to survive compared to a rich boy? If yes you can understand easily the power and the greatness of bitcoin which have 430 times the value of us dollar. So, not only 2016 but every year since its born have been the year of bitcoin. Even after the bankruptcy of Mt Gox which shook its foundations.
569  Economy / Speculation / Re: why people excited for halving block reward? on: January 03, 2016, 09:53:30 AM
Im just wondering that some people telling that halving is over but according to this website http://www.bitcoinblockhalf.com/
199 days before halving is over.

I dont really understand that some people saying if bitcoin halving is over the price will increase but according to the website above "the coin reward will decrease from 25 to 12.5 coins."

Which is true?
-the price should increase after halving is over or it will increase?


You are making confusion with terms and times. Halving is the produce of bitcoin in blocks with 12.5 bitcoin each and not at 25 bitcoins each as it is now and will be since the moment when will begin the halving. This moment will happen after the production of other 28 477 other blocks (in this moment that I am making this post). Knowing that every block is produced approximately every 10 minutes can be calculated a theoretical time in which will happen the above phenomenon named "halving". So in the market will be not more 25 bitcoins after 10 minutes bout only 12.5 bitcoin. The halving begin in the moment in which will be produced the first block with 12.5 bitcoin and will finish after four years after another halving (from 12.5 at 6.25).

Halving, theoretically must bring increase of the price of bitcoin because the bitcoin market will have less supply (less bitcoin) compared to before in the same amount of time (within ten minutes). Assuming that the demand (who want to buy bitcoin) would be the same (since now don't exist any kind of data that can show some known reason that can change it) must be increase of price. When something is asked by the market (people need and want to buy or have something) and the market have not enough amount from that what is asked (in our case will be only half of the previous amount of bitcoin) exist an simple economic rule that tell that the price of the "something" which is asked will increased for sure.

Anyhow this is never a sure thing. Because, in our above case, there can be created to many other factors which can affect (even hardly) the market and the demand (because the supply if fixed by the technology and cannot be changed in the case of bitcoin) and this can change everything. But normally the above process (named shortly as "halving") must bring increase of the price of bitcoin.
570  Economy / Speculation / Re: Okcoin/ Huobi is owned by China Government on: January 03, 2016, 09:29:01 AM
The latest pump is coming from China everybody knows that. China is smart and obviously interested in buying bitcoin. If they wanted to buy it they would have a problem because of the thin liquidity. Think about it. If you were in the Chinese government the best way to hide your buying would be to start an exchange and create alot of fake volume.

Add to that since OkCoin/Huobi started there has been alot of weird manipulation and the price has been much harder to predict. It all points to one big whale moving the price deliberately to cause confusion.

Who is OkCoin/Huobi and what are they doing? Something suspicious is going on there for sure.

So practically you are telling that we have the Government of China who need bitcoin to "cure" its finances. The second world powerful economy need to own/create/buy only one exchange within a country in order to buy in a hidden way bitcoin. Because need those to invest in all the world billion of dollars in millions projects. Cannot have such courage to wonder such situations.  Huh
571  Economy / Speculation / Re: Another 10% Cut Incoming on: January 03, 2016, 09:23:05 AM
Recovery seems to have topped out at 429. We will go sideways at 420 range for a few days and then KABOOM! Another 10% drop, will put us in 380 range. This is so predictable, it's hilarious. So easy to make money, like taking candy from a baby.

Wow. So easy to make money? Shocked If I would have the luck to have read this post before my bought of bitcoins at 00:00 of this new year I wouldn't bought those. Will wait first the KABOOM. Then will wait the another 10% of drop. Then will ask to the OP the time of KABOOM and after even the time of the another 10% drop. Or I'm wrong...  Huh  First must ask the time and then wait. Because if I do otherwise I may lose the time of KABOOM and the another drop of 10%. Anyhow for the moment is happening the MOOBAK because the price is about 430 us dollar one bitcoin. So first must be eliminated the MOOBAK then wait the KABOOM and at the end the drop of 10%. At that moment, and only at that moment, everyone must be buy bitcoin. With big profit. Piece of cake.  Cheesy
572  Other / Archival / Re: should i save btc for future? on: January 03, 2016, 09:10:47 AM
i have a little doubt about btc price in future.should i save btc for increasing value of bitcoin?

or maybe price of btc will be down in 5-10 year
just imagine about future of btc and tell me should i save bitcoins for future or not...?

With bitcoin can happen everything. Exactly this: Everything. Being decentralized and without no one who can take care for it "he" can do what want and everything can born in its "head". But, all the possible few data that can be analysed about it, assure that its price can go only higher (as a final result in long term speaking). So everyone can do what he think is better for him. Who want to believe that will go higher let buy and store or save those in their wallets. While them who don't believe that "prediction" can sell all their coins. No one know who will laugh and who will cry.
573  Economy / Speculation / Re: Bitcoin (shitcoin) is dying on: January 03, 2016, 09:03:50 AM
Where are all buyers now?  Are they hiding themselves in holes?

Here I am. Bought about 0.6 btc exactly at 00:00 (UTC+1) of this new year. With the desire to buy 100 but without the money to do this. Being convinced that this action will bring me luck during all the year in everything (if I would believe such bullshits  Wink). I can assure you that I will continue to buy bitcoin even for at least 5-6 months. Within my possibilities but will buy. From what come all this angry and stupid words about bitcoin? For more from one who made post at the home of bitcoin... Very strange...  Huh
574  Economy / Speculation / Re: BIG bullish indicator as we enter 2016... on: January 03, 2016, 08:42:40 AM
Difficulty reached a new high with biggest ever increase. Bitcoin price can only go in one direction in the medium term.

https://blockchain.info/charts/difficulty?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

The most devastating factor for the mining and the miners. Halving is nothing compared to the difficulty. Something that cannot be predicted never make every kind of investment made in  this field or work seems like gambling. Or better, every kind of use of money in this field or work is for sure gambling. Who don't want to understand this mean that don't want or don't know to reasoning. Fortunately that are people who like gambling (first time that I not only don't attack the gambling but want and incite the contrary), who have not to many knowledge about it or are effected by the beauty of mining, otherwise who will mine would be only the owners of the pools.
575  Economy / Economics / Re: Government & Bitcoin on: January 03, 2016, 08:23:43 AM
The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

As far as i know a small couyntry has implemented bitcoin as their currency but don't know if it is successful or not.
Moving completely from fiat to bitcoin it's really hard, but as an alternate currency it can work.
It is very interesting and it can be a good practical exam for bitcoin, do you know the name of that  country?

It is "Liberland" composed by only one person and "Principality of the Pontinha" composed (if are again there) by only a family with four people. So are jokes and nothing serious. Are more reactions of angry people than reality to take in consideration. There exist even one thread about the second "country" (only a rock on the side of the sea) here in bitcointalk. You can read it here: https://bitcointalk.org/index.php?topic=1288845.0
576  Economy / Economics / Re: Reuters:"2016 could prove to be the year that the price of bitcoin surges again" on: January 02, 2016, 08:21:33 PM
Bitcoin is only good for speculation, saddening

With your words put at your post you really (even if not were not possible to see the number of posts made from everyone here at bitcointalk) make everyone who have not mine, but much more less time with bitcoin, to understand that you have not more than 1 or 2 weeks which have heard the word "bitcoin". Maybe from some gambler who make trading for fun or for seems qualified or smart. Because to tell that bitcoin is good only for speculation is like telling that wheat have value only for the straw (which serve to feed the livestock). I know that needed time to learn some things that are not easy to be masticate but that someone with your "age" at bitcointalk, tell these thing about bitcoin like you do, must have a good courage.
577  Bitcoin / Bitcoin Technical Support / Re: How long this transaction will take ? on: January 02, 2016, 08:07:13 PM
and with almost same fees than you but even less amount transfered...

The smaller the outputs, the longer it can take Smiley That's why the OP can still have some luck.

And while I was writing this, OP's transaction got its first confirmation.



YEAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHH   Grin Grin Grin Grin Grin Grin Grin  THANK YOU LUCKY BEER  Kiss

All this story of only one or two hours of waiting. I have waited more than 48 hours that some bitcoins sent by me arrive at the destination. Not only because of the retard of the first confirmation (had after about 12 hours) but even because the receiver who has given the address in which my bitcoins must be sent has used the mixing option of blockchain and my bitcoins were remained stuck at the intermediary address for more than 36 hours. Compared to my case your case is not even a joke.



LOL ok dude relax , i just needed the money urgently thank u :p 

Was only a telling, mine. Had any kind of reproof there. But waiting 1 or 2 hours to have the first confirmation is already a normal thing. Especially when the sent of bitcoin is made during these hours. I don't know when live you but in my country the first part of the day (the morning) is when the people in USA are sleeping. Within these hours every sent of bitcoin take the first confirmation within minutes. All the transactions. Without any exclusion. After the noon begin the story. Initially needed about half or one hour and then can arrive at two and even three hours. That mean that USA have the part of lion in transactions with this coin. Even is told that China has the most users of it, this cannot be true. My morning is full day in China. If the above about China would be true, the story of confirmations would be the opposite of the above told about the waiting time of those.
578  Bitcoin / Bitcoin Technical Support / Re: How long this transaction will take ? on: January 02, 2016, 07:51:59 PM
and with almost same fees than you but even less amount transfered...

The smaller the outputs, the longer it can take Smiley That's why the OP can still have some luck.

And while I was writing this, OP's transaction got its first confirmation.



YEAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHH   Grin Grin Grin Grin Grin Grin Grin  THANK YOU LUCKY BEER  Kiss

All this story of only one or two hours of waiting. I have waited more than 48 hours that some bitcoins sent by me arrive at the destination. Not only because of the retard of the first confirmation (had after about 12 hours) but even because the receiver who has given the address in which my bitcoins must be sent has used the mixing option of blockchain and my bitcoins were remained stuck at the intermediary address for more than 36 hours. Compared to my case your case is not even a joke.
579  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin Matters on: January 02, 2016, 07:28:45 PM
Great article, I particularly like this passage:
Quote
Perhaps the financial industry will, in its infinite wisdom, build a blockchain killer app. I don’t rule it out. But it seems very strange to ignore the fact that one already exists, and has quite literally created $6 billion of value out of nothing. So I’m not particularly interested in most big-bank or corporate-consortium blockchain initiatives, or other applications that claim to be revolutionary because they use a particular data structure.

http://techcrunch.com/2016/01/02/why-bitcoin-matters/

While me like to much this one:

Quote
The most epochal financial transaction of this century, to date, occurred on May 22, 2010. It did not involve Wall Street, or the City of London; it took place in Jacksonville, Florida. It did not feature collateralized debt obligations, or credit default swaps. It was a purchase of two Papa John’s pizzas, in exchange for a payment whose present value currently exceeds US $4 million.


It is the most brilliant paragraph which show all the good and right understanding of the author of the article of the invention of bitcoin and the blockchain. the red words of this paragraph express the real power of peer to peer. The most important factor behind the importance of bitcoin. The peer to peer technology about which very few talk or write even here in bitcointalk is the real power of bitcoin. The cause of its being decentralized and without owner, the cause of its impossibility to be owned some day in the future, the cause of its anonymity. In few words, the cause of everything can be appreciated today or in the future, known or that maybe will be known in the future, regarding bitcoin. But the financial field of the use of peer to peer is only the tip of the iceberg of its power and its spread. It is only the experimental field of it. The real power of this technology will be known and verified in to many others. But when will be known better. As the bitcoin, even the technology which made possible the creation of it are in their daysprings.
580  Bitcoin / Bitcoin Discussion / Re: There is already a moovie about bitcoin :) on: January 02, 2016, 07:05:53 PM
Well yesterday i were watching CSY CYBER and guess what the episode were about bitcoins,the bad thing is that they just talked about bad use for it,take a look into it and share your opinion.http://playerrdevideos.blogspot.com.br/2015/05/5179.html

There are an infinity of movies in youtube. Who want to learn, learn. Who want to insult, insult. This is the story of all the world. Which is walked ahead even with this kind of behavior or even actions. This behavior will happen always. Since will exist always some people which will see one glass with some water half empty and some others which will see the same glass with water half full will exist even some people which will see bitcoin as a tool of devil and some others will love it. Te results during all the times are in favor of the positive people. Otherwise the humanity would have been disappeared already.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 [29] 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 ... 178 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!