if it costs you $350 in electric to make a bitcoin you are seriously stupid to sell for $200... you might aswell not mine and be $150 better off..
the thing is that while smart miners are trading privately behind the scenes for cost prices, alot of them have given up even caring about public exchanges and thus the trade volume of public exchanges has dropped 90% since last year.
but stupid, noobs and sheeple still think that public exchanges that now only play with bots and day traders of small dust amounts, being the valuer of bitcoin.
this is not the case, the crappy public exchanges are dying and should not be the indicator of true value.. public exchanges are just the stirring caldron of the day traders, stirring coins in circles and pretending the exchange value has true 'supply/demand' value.
anyone with just 200 coins can tank or pump a public exchange and send the entire market cap from $4billion either to $3billion or upto $5billion.
once people ignore public exchanges to value their coins and instead only sell coins based on their personal costs of mining or buying.. then the sheeple will become whales
I reckon the best way to determine the current price of bitcoin is to see how much it costs to produce 1 bitcoin at any given time. Not to say that the cost of production determines the price, its more of an indicator of what people are willing to pay at that time. I agree, there is manipulation on most bitcoin exchanges because its just so easy to do. |
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People are willing to pay money, therefore they are worth money.
Yeah i guess its just people trying to pump and convince people that bitcoin is superior to the rest. (specifically POS, dpos currencies) Demand determines production cost when we are talking bitcoin. |
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So some people claim that coins are worthless if the cost of production is near zero. Other people claim that it doesn't matter what the cost to producing a coin is as there are other factors that determine the price.
What are your opinions?
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99.9% of the time, paying with bitcoin goes through a payment processor such as bitpay, bitpay instantly sells your bitcoins for FIAT hence putting sell pressure on the market. So basically if people take your advice right now and start buying products with bitcoins, the price will fall.
No that is a myth. The reason the BTC price is falling is that miners are selling immediately, and not hoarding. I never claimed it was the primary reason for the falling price. |
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99.9% of the time, paying with bitcoin goes through a payment processor such as bitpay, bitpay instantly sells your bitcoins for FIAT hence putting sell pressure on the market. So basically if people take your advice right now and start buying products with bitcoins, the price will fall.
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The distribution of new bitcoins is becoming centralized This is not a problem. From a technological perspective its not a problem but from an economics perspective it is. |
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I've been thinking about this. A couple years back i remember it was profitable to mine bitcoins with my graphics card, that meant it was very decentralized as anyone could mine bitcoins profitably. Then ASIC's came along, centralizing the mining to large scale mining farms. The competition has become so high that only a few farms are left. Illustation example of what is going on 2009 - 2012 2013 - 2016 2017 100000 miners > 10000 miners > 100 miners So what is the problem with this? The distribution of new bitcoins is becoming centralized and the risk of a 51%+ attack is increasing. I just read Gavin Andersons writeup on centralized mining and i've noticed he does not take into consideration the one sided distribution of bitcoin which is a HUGE deal. https://bitcoinfoundation.org/2014/06/centralized-mining/ |
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By that time there won't be money, it would be a resource based economy.
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give me the java file, the script file doesn't work for me.
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gzip: sfx_archive.tar.gz: not in gzip format
I am sorry, but the installer file seems to be corrupted.
If you downloaded that file please try it again. If you
transfer that file with ftp please make sure that you are
using binary mode.
Any help? using linux
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Ahh it works thank you!!!!  No problem. I think below script should work without copying /libs file to same folder actually, not that it makes big difference #!/bin/sh
LD_LIBRARY_PATH=$(pwd)
LD_LIBRARY_PATH="$LD_LIBRARY_PATH/libs"
export LD_LIBRARY_PATH
export QT_PLUGIN_PATH="$LD_LIBRARY_PATH"
./qt-boolb
They should add this script to the binaries folder. |
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You used this version I gave, not the included ./qt-boolb.sh ?
the path echoed upon running the script should be the current directory
Yes i created a new shell script, both of the echos, printed my current directory. ok, now copy the files from /libs folder into same directory as the shell script, boolbd etc, then run the ./qt-boolb.sh again. should fix it. the libs folder is already in the same directory as the shell script. No, copy the files within the folder to the same directory as the script. (no separate /libs folder) It's not the proper way to do it, but it works. Ahh it works thank you!!!! |
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You used this version I gave, not the included ./qt-boolb.sh ?
the path echoed upon running the script should be the current directory
Yes i created a new shell script, both of the echos, printed my current directory. ok, now copy the files from /libs folder into same directory as the shell script, boolbd etc, then run the ./qt-boolb.sh again. should fix it. the libs folder is already in the same directory as the shell script. |
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You used this version I gave, not the included ./qt-boolb.sh ?
the path echoed upon running the script should be the current directory
Yes i created a new shell script, both of the echos, printed my current directory. |
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You don't need to do any changes with your system. Package have all needed libs inside sub folder, qt-boolb.sh will only start executable with correct environment but doesn't touch your system.
Same error. |
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trying to run the gui for linux but i am getting an error:
error while loading shared libraries: libQt5WebKit.so.5: cannot open shared object file: No such file or directory
Help appreciated.
Are you running qt-boolb.sh ? I realize i don't have qt5 libaries installed, only have qt4. i dont want to break anything on my system so i will just stick with command line. (debian wheezy) I had always got same error, use this script to launch & it will work. #!/bin/sh
LD_LIBRARY_PATH=$(pwd)
set LD_LIBRARY_PATH="$LD_LIBRARY_PATH/libs"
export LD_LIBRARY_PATH
export QT_PLUGIN_PATH="$LD_LIBRARY_PATH"
echo $LD_LIBRARY_PATH
echo $QT_PLUGIN_PATH
./qt-boolb still same error |
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trying to run the gui for linux but i am getting an error:
error while loading shared libraries: libQt5WebKit.so.5: cannot open shared object file: No such file or directory
Help appreciated.
Are you running qt-boolb.sh ? I realize i don't have qt5 libaries installed, only have qt4. i dont want to break anything on my system so i will just stick with command line. (debian wheezy) |
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Whats the lowdown on this credit card. I noticed Xapo are going to be taking the piss with transaction fees. What are the btcd card fees going to be? any idea?
Do you know the fees with xapo? Also it doesnt look like an anon card at all, just a normal card coinomat's crypto -> visa/mc has the same functions and they will be adding BTCD this month Extortionate. $5/mo fee, forever?? cryptocard is onetime $40 and that will include mailing to anywhere in the world, at least I think that is the cost for that. The using of the card for online purchase is just to use it, so only if to use ATM do you get hit with ATM fees James how does coinomat make the card anon? |
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Cryptocurrencies will either be widely accepted or useful for microtransactions. They can't be both.
idiotic statement... safecoin will have no transaction fees. Really? What stops some malicious person filling up safecoins blockchain with terabytes of junk by transferring inputs around the place? That is the main problem that fee's solve with bitcoin at the moment, it is not really about paying the miners yet. Neil safecoin does not use a blockchain and yes it is decentralized. Check out the systemDocs: http://maidsafe.net/SystemDocs/ |
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