Amazing charts of trade growth by at this link (scroll down to see all the individual countries:
https://coin.dance/volume/localbitcoinsNOTE: Places that have popular other bitcoin trading methods like Phillippines, China, Japan will be under-represented here.
You are an early adopter, even in #1 USA most people don't know what Bitcoin is nor do they understand it.Below is a count of cash trades via Localbitcoins.com # Localbitcoins Cash trades detail as of 09/24/2017 1) United States (Cash Trades 96945) 2) Spain (Cash Trades 35620) 3) United Kingdom (Cash Trades 22841) 4) Russian Federation (Cash Trades 19468) 5) India (Cash Trades 11003) 6) Venezuela (Cash Trades 9680) 7) Canada (Cash Trades 9623) 8 ) Australia (Cash Trades 7723) 9) France (Cash Trades 6894) 10) Nigeria (Cash Trades 6685) 11) China (Cash Trades 5967) 12) Netherlands (Cash Trades 4834) 13) Italy (Cash Trades 4656) 14) South Africa (Cash Trades 4120) 15) Brazil (Cash Trades 3978) 16) Germany (Cash Trades 3877) 17) Colombia (Cash Trades 3628) 18) Ukraine (Cash Trades 3040) 19) Sweden (Cash Trades 3028) 20) Argentina (Cash Trades 3012) 21) Pakistan (Cash Trades 2540) 22) Malaysia (Cash Trades 2475) 23) Mexico (Cash Trades 2239) 24) Thailand (Cash Trades 2156) 25) Switzerland (Cash Trades 1870) 26) Kenya (Cash Trades 1858) 27) Romania (Cash Trades 1832) 28) Poland (Cash Trades 1758) 29) United Arab Emirates (Cash Trades 1622) 30) New Zealand (Cash Trades 1537) 31) Austria (Cash Trades 1466) 32) Belgium (Cash Trades 1464) 33) Portugal (Cash Trades 1370) 34) Philippines (Cash Trades 1339) 35) Czechia (Cash Trades 1309) 36) Norway (Cash Trades 1293) 37) Hong Kong (Cash Trades 1255) 38) Turkey (Cash Trades 1176) 39) Panama (Cash Trades 1163) 40) Singapore (Cash Trades 1093) 41) Japan (Cash Trades 1073) 42) Chile (Cash Trades 1067) 43) Denmark (Cash Trades 1065) 44) Morocco (Cash Trades 1031) 45) Peru (Cash Trades 1020) 46) Greece (Cash Trades 968) 47) Ireland (Cash Trades 942) 48) Israel (Cash Trades 869) 49) Finland (Cash Trades 793) 50) Viet Nam (Cash Trades 768) # Bitcointalk forum 1) Philippines 30 2) India 11 3) Indonesia 9 4) United States 5 5) Ukraine 2 6) East Timor 2 7) Canada 2 8 ) Montenegro 2 9) China 1 10) Bangladesh 1 11) United Kingdom 1 12) Ghana 1 13) Bulgaria 1 14) Poland 1 15) Greece 1 16) Netherlands 1 17) Belgium 1 18) Mozambique 1 19) Russia 1
Many trades are happening in most countries. How about yours? Where are you from?Above edit made 09/24/2017 (original list can be seen by the many quoted in this thread) Any volunteers want to update thread with # count CHANGES either monthly or quarterly? Feel free to do so. As I believe the above is for all-time. And it would be more useful for us to see ranking from the month from 9/27/2017 to 10/27/2017.ie subtract above from new total. Its annoying work. Also please share if you have opinion on any of these threads: "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0
"How give scaling & buy coffee with Pokemon Go or Gold or Stocks or ...please?" https://bitcointalk.org/index.php?topic=1851655.0
(original) list seen on reddit here : https://www.reddit.com/r/Bitcoin/comments/5msei3/interesting_fun_statistic_top_30_countries_with/
Source: https://localbitcoins.com/statistics[/b]
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Change protocol for bitcoin to have scaling or increased blocksize:
Then price crash down to $260 by Dec. 31, 2017
Change nothing and keep Bitcoin the amazing decentralized immutable pow store of value asset:
Then price will hit above $1,800 by Dec 31, 207
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Thank you MarkJ. Regardless of the figures you have stated in the OP, it all depends on the level of your capital and how much risk you are willing to expose yourself to. In most cases people with the largest capitals tend to choose a relatively lower risk investment opportunity. In this case a large initial investment can still yield you decent profits even though the ROI is just 3-5%. Bitcoin on the other hand is a high risk investment, which lends itself perfectly for lower initial investments as the returns that you can gain are (in potential) higher than everything else.
Thank you, that is a good point, apply capital on a risk-weighted basis. On that subject of risk, what is everyone's thoughts on limiting bitcoin's risk brought up in these two posts? "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0 "How give scaling & buy coffee with Pokemon Go or Gold or Stocks or ...please?": https://bitcointalk.org/index.php?topic=1851655.0Thoughts? |
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...maybe just a few people who want to penetrate the Swiss banks, but almost all hackers want to take bitcoin.
This. The most profound testament of how secure bitcoin really is. Thank you Dr.Osh |
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Ofcourse it is.
With a Swiss bank some considerations:
1) Counterparty risk - the swiss bank may default or something goes wrong with its operations
2) High fees - somewhere else in the world and need your money? Do you know how much international remittances/currency exchanges cost?
3) Geographic risk - if the Swiss had crazy riots, or bombings, or act of godly natural disaster on its streets, operations would be put on hold for that Swiss bank.
Bitcoin is a global, established, decentralized store of value where all you need is a communications channel.
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Please guys, its more important for scaling the bigger popular items so we can buy coffee using segwit with Pokemon Go or if we buy gold bars or Stocks? Or I have a linux distribution on USB, can it be easier to buy coffee with this? Can we take a break from scaling small things people dont use like bitcoin? Bitcoin will always remain king of store of value. Decentralization and Immutable is here. Other post reading: "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0 |
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 Above screenshot shows post-Christmas 2013 thru March 31, 2017: Which one to buy?? Breakdown of performance for that period (in USD terms): Bitcoin/USD: +80% S&P 500 Stocks: +30% Real Estate (REITs): +26% Gold: +3% Bonds: +1% (Note: Bitcoin performance suppressed due to post insane Chinese-run in late-2013) [EDIT: Updated chart below thru to early December ( BTC performance now +1700%):  |
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With the price of Bitcoin being so volatile should we ever consider buying or even holding if we have bitcoins? What are your thoughts??? What should we do?? As it stands today at this moment, the Bitcoin volatility index reads: 4.57% the latest 30-day volatility estimate 3.54% the latest 60-day volatility estimate The bitcoin volatility index for present day can be seen at: https://btcvol.info/My opinion of bitcoin longterm can be investigated here in this post titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0Update about one-week later; As it stands today at this moment, the Bitcoin volatility index reads: 4.99% the latest 30-day volatility estimate 3.85% the latest 60-day volatility estimate Bitcoin has been the best financial asset to own. Forget stocks, bonds, real estate, gold, oil, altcoins. Still recommend reading "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0 |
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About your question why he didn't generate x coins for himself: he could have done a hefty premine, but since btc is open source, everybody would have been able to see the premine right there in his sourcecode...
Just a sidenote : What's the difference between a premine, an instamine, and Bitcoin ? Since that cryptocurrency scheme was coming out of nowhere, satoshi was the only one believing in it for some time, and was the only miner. Fact that it was open source is important, but to me bitcoin is an "instamined" coin. The "Insta" part during weeks, sure, but still ... And as a self-less gesture didn't dump those initial chunks of bitcoin. Satoshi died in 2013. No one ever will be touching those coins. Satoshi had a grander dream for the world. |
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Doesn't seem like a dupe, this thread is focused to the matter of Litecoin's segwit, and what happens if its reached, to Bitcoin. I think it's great for Litecoin holders, I don't see how it can't go up in price, considering how all those altcoins pumped, LTC hasn't properly pumped yet. Bitcoin miners may signal for segwit too, once they see the Litecoin beast awaken. Scaling would actually destroy Bitcoin's store of value so you'd see its price trend towards <$5 within years basically nothing. But it wont happen directly with bitcoin as theres a million ways for scaling to be applied indirectly to bitcoin. Anyways, nothing will happen with Bitcoin and as each month passes and as more and more alts get scaling...it will be apparent that it matters not as bitcoin will not only remain KING of cryptos but become more dominant in price/market cap. The real store of value asset. |
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I am sure people whom we trust dealing with Bitcoin are also thinking of the same question right now. In fact, this is at the heart of the ongoing debate right now on how to scale Bitcoin most especially when looking forward to the future. I am sure though that the whole Bitcoin community can be able to find an accepted solution for this scale challenge. At the end, Bitcoin will continue to rule and be the leader of the cryptocurrency world. I am so positive about that. All other coins will just follow along though they can have a good slice of the pie too.
There is no debate except for FUD. Bitcoin will never scaled directly and thus it will remain KING of crypto and all financial assets for that matter. Detail on post titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0 |
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Satoshi could even be Bill Gates for all we know as his identity is unknown, or Satoshi could be a test of some next level AI imagine that.
It could be possible who knows it's just Bill tinkering with his programming skills . This is interesting No, Satoshi died in 2013 2014. I covered it in my big hacks, puppets post. Generous genius who never offloaded all those big initial chunks of bitcoin...and no one ever will. Which is all good for the bitcoin network and for all bitcoin holders. [edited for getting the year wrong. oops.] |
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It's been a well known tactic among the traders to spread false rumors and profit from it. Why shouldn't they if there are still people ready to sell at the smallest trace of bad news?
It has been done in 2014 with the multiple "Chinese ban" news. There were rumors of secret documents saying that Bitcoin will be completely banned in China, leaks from conferences of government officials and many more. Each of these documents and pieces of evidence always caused a small dump and moved the price down by 2-3% and in a week or 2 there was another and another.
Whoever bought at that time and later in 2015 could make a fortune in 2 years.
Dont discount the fact that there have been and will be actual concerted attacks on bitcoin. Bitcoin has obviously been established for many years and proven to outpace nearly every financial asset. This will let you keep up with rising cost of rents, healthcare, traveling, education! More on this post here titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0 |
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It seems that for F2Pool the best solution is Segwit, they have already stated many times that they will signal for it eventually.
Really? I'd like to believe that but as far as I can see f2pool have always been evasive about elaborating definitively on their position. Do you have a reference for that? You're right, they have been not totally clear about their intention. I was referring to statements like this one, where they state they will first signal Segwit for Litecoin and then evaluate if they can signal for Bitcoin, too. It's obviously possible that those statements were a maneuver to gain time - a timeframe when they could maximize their profits a bit more because of the high transaction fees. Sure, activating segwit on litecoin, an ethereum iteration, or any altcoin, is something more acheivable and probably makes way better sense. You can throw in blocksize changes, incentive program changes, etc to these types of altcoins as well. It doesnt make sense for any of this to be forced upon Bitcoin unless if your motive is to destroy Bitcoin. This post explains that: titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0 |
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Hi, Mr.Kirit Somaiya, a member of Indian parliament is seeking public opinion about bitcoin. He constantly investigate & raise issues about unaccounted money and I think as a part of he is seeking opinion about Bitcoin. https://www.twitter.com/KiritSomaiya/status/845839121180438529/photo/1Please help me to draft a letter, in order to represent bitcoin. Best Dudeperfect I was just looking through the replies to his pic and comments. It seems to me that most of the general population is against Bitcoin and see it in negative light, while asking to ban it. I urge all Indians in the community to be outspoken and put Bitcoin in good light coz it doesnt look good otherwise. Not much needs to be said to put Bitcoin in "good light". Anyone intelligent can see that Bitcoin has emerged to be the best answer to staying ahead of the rising cost of rent, traveling, education and healthcare. No other store of value asset can match it. Not gold, not stocks, not bonds, not silver, not oil. Stamping out bitcoin in India, would make it even more expensive for any Indians to acquire it. And worse, will make it harder for all other Indians to be able to keep up with rising costs of rent, travel, education, healthcare. |
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You are conflating the usefulness of transacting with money with the usefulness of a store of value. That people will leave bitcoin because it is not useful for the former does not imply bitcoin is not useful for the latter.
Metaplayers waste nothing by using bitcoin, it will always be by far the cheapest more secure/apolitical way to send large amounts of value. Other options will never be able to beat this.
A voice of reason, thank you traincarswreck. Bitcoin has proven to be an amazing store-of-value asset, providing us all an option to beat the rising cost of rent, travel, healthcare, education, etc. You guys ruined it all. Bitcoin is now fucked and getting more fucked everyday. I think the end in near.
OP, quite the contrary. The integrity of Bitcoin, as it stands in its current form, unchanged, day by day, is getting stronger and stronger. It is virtually flawless. The only thing that can break it, is implementing a change. To further borrow words of wisdom... Bitcoin is supposed to be a digital store of value, not some micro-transaction dust coin.
If you modify BTC into an alt-coin it will be susceptible to more bugs, more issues, more security risks, etc...
Bitcoin will gain MORE value over time if people leave it as-is...
Bitcoin has been transacted globally and has emerged >$15B strong, and has been getting stronger each of these past EIGHT years. To all, for a better understanding of why bitcoin has emerged as this amazing store of value, please read this post titled "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalk.org/index.php?topic=1834310.0 |
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I think is never BTU can take over bitcoin
BTU only get to altcoin, can't replace and take over bitcoin
Yes the BTU dream will just be another altcoin. Bitcoin's integrity as a store-of-value remains sound and intact and this is simply one of many campaigns (over the months and several years) to undermine it. Bitcoin is unique and beautiful (and attacked to change it) because it is the ONLY decentralized (non-permissioned or permission-less) solution via 1mb block-limit, immutable, secure, well-established crypto-currency in existence. There is over $15 Billion (usd) from around the world who back this bitcoin network. Simply put, bitcoin is best chance you have in modern-day finance to stay ahead of rising costs of rent, healthcare, education, etc. (risk-adjusted, it is better than gold, silver, stocks, bonds, oil, etc). Those who want change can create an alt-coin, or goto litecoin, or goto (permissioned, central-authority by foundation) ethereum, or implement such changes to another any other crypto coin. Those who wish to undermine bitcoin always say bitcoin is flawed or bugged and something needs to be done about it now! LOL! ...bitcoin is not flawed, nor bugged, and nothing needs to be done. The reality is, bitcoin is more closer to being flawless, with nothing needing to be done to it - it is strong for this reason. And this is why it has been getting stronger with each and every year for the past 8 years. EIGHT YEARS! For anyone new or simply wanting to expand a bit more about bitcoin, I try to touch on a few of these points (and others) on post titled "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalk.org/index.php?topic=1834310.0 |
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So what does the speculation say about time table. where are we now and how many days left? Factors involved?
Indeed a really good question, wish i could give an answer on that... i hope someone can help us out on this. the fact that the price is going down is a signal that many people cash out in my opinion and this will bring more and more to do the same - panic sellers etc.. some days before i denied to think that is really something to speak about but the people around i see made this something HOT... i like BTC how it is and i don't want any change but in life when we make plans the God is laughing sometimes  Speculation sees the threat of change as a potential someday event and have reacted accordingly by reducing their (portfolio) allocations to bitcoin. Yes, you should like how bitcoin is today, because it is the most amazing, only, real store-of-value investment vehicle in recent years. Bitcoin will do a better job than most every other option you have in present day in fighting against rising cost of rent, healthcare, education, etc. For anyone new or simply wanting to expand a bit more about bitcoin, I try to touch on a few of these points (and others) on post titled "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalk.org/index.php?topic=1834310.0 |
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I dont believe the results are accurate. With all the alt coin pumping going around and people trying to destroy BTC it seems.
Who should be voting ? surely only the votes of major miners counts, isnt that how a fork debate would work ? I'm kinda lost why disagreement cant be resolved/tested without risking loss of confidence The loss of confidence comes from investors and holders being spooked that the alternatives proposed, both of which are a downgrade to what bitcoin is today (which bitcoin is an amazing store of value), are appearing to pose a someday threat in undermining the integrity that is bitcoin. Those who want change can create an alt-coin, or goto litecoin, goto (permissioned, central-authority by foundation) ethereum, or implement such change to another coin. For anyone new or simply wanting to expand a bit more about bitcoin, I try to touch on a few of these points (and others) on post titled "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalk.org/index.php?topic=1834310.0 |
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Since you said that nodes matter, I do think Bitcoin Core had been fair here by bypassing node voting since as far as I can see majority of nodes support/uses Bitcoin Core features. If they use it (letting node vote than miners) the possibility of Segwit being implemented is bigger than letting the miners to vote for the implementation. (That is if I understand it right)
I get this as Bitcoin Core believe that hardfork is not needed for the added update / upgrade for the Bitcoin features regarding scaling issue of Bitcoin. I also read that even with implementation of Segwit the onchain spam won't be solved is that true?
Yes, currently miners have every incentive to keep integrity to the bitcoin network - if bitcoin is attacked or changed, bitcoin price would plummet, bitcoin would not only lose uniqueness to other altcoins, but would also quickly turn those miners' business into bankruptcy. Blocksize at 1mb keeps things secure and helps limit the onchain spam. For anyone new or simply wanting to expand a bit more about bitcoin, I try to touch on a few of these points (and others) on post titled "Hacks & puppets & forks - how to destroy bitcoin" https://bitcointalk.org/index.php?topic=1834310.0 |
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