A question about transaction fees: after 2040 - when Bitcoin mining will end - are we going to pay the same fee?
Mining will never stop, but the subsidy (currently at 25 BTC) will go to 0 around the year 2140. As long as the subsidy is high enough, the transaction fee is primarily used to prevent DOS attacks. Eventually, the fees will replace the subsidy and the minimum fee will become market-driven so it could go up or down. |
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Paying some small tx is probably not a problem for early players who racked up tons of coins when it was worth 1 cent, but for those who are new (and the "most of the users will never own 1 BTC") it can be annoying, especially if they are only getting started with Bitcoin.
A fee of 0.0001 BTC costs less than $0.04, regardless of how much you paid for your BTC. Are you really complaining that a fee of $0.04 is too high? I realize that there are a lot of people in the world that live in $2 a day, but unless you are one of them, complaining about a 0.0001 BTC fee is ridiculous. |
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BTC is a currency, Apple Pay is a transaction processing system.They're incomparable.
Bitcoin is a transaction processing system (with its own currency). If you disagree, then please tell me the purpose of the block chain. |
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I need your suggestion to get my money back. I have paid some BTC to a PTC site to add it to my balance but that PTC site is not giving any response. What should I do? How can I get my BTC money refunded?
That's an interesting scam: 1. Get people to earn some dust by clicking on ads. 2. Require them to send money in order to withdraw the dust. 3. Keep all the money. Which site did you send money to? |
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These threads get funnier and funnier  btw my cat is satoshi. And I don't even have a cat. Not your cat. Schrödinger's cat is Satoshi, and he stopped posting because somebody opened the box. |
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It is sad that Trish Regan has been reporting on Bitcoin for more than a year now and she still doesn't understand it. On the other hand, Matt Miller has definitely drunk the kool-aid.
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this is the problem on BTC transactions, it is not completely secured and you cannot run or complain to someone because no one owns it. Unlike banks, when you lost your credit card or someone stole it, you can cut off its future transaction to your bank but BTC is not.
Yep, that is the problem with Bitcoin. You can't be a baby and run crying to your mommy when you fall down and hurt your knee. And your mommy can't tell you that you are a bad little boy and take away your allowance. With Bitcoin, you have to be an adult and that sucks.  |
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The blockchain only shows addresses, not wallets.
By seeing one address in a wallet, nobody can ever guess any other address.
Having multiple addresses is awesome, because you can isolate transactions from each other and by using a "mixer" you can send BTC from one address to another without anyone else even knowing you own both adddresses.
Generally, a wallet will send from multiple addresses in the wallet when it needs to (e.g. one address doesn't have enough to fund the transaction). That transaction will tie the addresses together. |
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Most people here know I am not a fan of Johnniewalker, but in this instance he isn't doing anything illegal or immoral. You might not like it but it is not illegal. You misinterpreted the statute you cited. It clearly says "securities", this is a paper instrument, AKA bearer bonds, or federal reserve notes. A gold bar is not a security. If it were a gold COIN, that might be a gray area, but its not mimicking official state coinage. He is not misrepresenting the product, therefore he is operating 100% within the law.
There are perfectly legitimate reasons to want to own fake gold bars. I think the key is people need to learn how to test their gold, because this issue isn't going to go away regardless of what happens here.
Legitimate fake coins have the word "COPY" on them so that there is no confusion about their authenticity. These gold bars do not because they are intended to be used to scam people. The bars also have counterfeit assay packaging. They are not meant to be educational tools. Legal or not, what he is doing is wrong. |
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How is he a scammer? Does the title not say counterfeit? You need to learn what the term scammer means...if he was selling them as real then yes a scammer. He is obviously telling you they are fake.  He is colluding and conspiring with scammers to rip you off. That makes him a scammer. He may not be doing the actual scamming himself but he certainly plays a significant role. Would you feel the same if he were selling counterfeit casascius coins or $100 bills and you got stuck with them? |
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Mining isn't worth it anymore, unless you invest in the more expensive ASIC ones..which can be up to thousands of $$.
Not true. You can buy a Bitmain ANTMINER S3+ 453 GH/s miner right now for 0.528 BTC (about $172) and it will probably mine about 0.9 BTC Interesting, didn't know that. Thanks! How long would it take to mine .9 BTC though? Most of the bitcoins will be mined in the first 6 months. Because of the increasing difficulty, the revenue falls every 2 weeks. Eventually, the electricity cost will exceed the revenue. How did you get the 0.9 btc figure? With an input of 453GH/s, 355W, $0.1 per kWh, 0% pool fee on https://bitcoinwisdom.com/bitcoin/calculator, it shows the miner will be able to mine ~0.17 btc if difficulty increment is 10%, ~0.37 btc if difficulty increment is 5%. 0.9 is just revenue. It doesn't include any costs. |
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The German company is introducing Massive Super-Efficient Machines (MSEM) as the future computing platform of profitable Bitcoin Cloud Mining and blockchain transactions. The supercomputers at over 6 petahash each are built on the first 3D 16nm FinFET ASICs designed by – and exclusive to – Bitcoin Brothers.
sounds interesting. we will see.
Sounds like a scam. I'm always very skeptical of someone offering cloud mining services, because they operate just like a Ponzi scheme. |
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This is how the video starts. Don't bother watching it. Somebody is trying to sell you a get-rich-quick scheme. I have a question for you: How would you like to quadruple your wealth in the next 12 months?
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And I have no transaction history on coinbase.
You should be able to get all your transaction history on the Tools -> Report page on coinbase. If you don't have your bitcoin on your account balance and you have no transaction record, one possible reason is that you have copied the a wrong address for your deposits. Another possible reason is that there is a problem in the coinbase database. I am sure i have not copied the wrong address and i have no transaction history. Its like its just vanished along with my btc. Thanks for the help In a block explorer, look up the address you sent the coins from. You should see the transaction that sent the coins to the Coinbase address. Make sure it went to the correct address. Coinbase lists all the addresses used for your account somewhere. If you post the public addresses here, someone can take a look without any risk to you. |
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Stop using cloud mining if you really want to earn a profit just buy a miner cloud mining doesn't make any sense they are selling it to you for less just for you to make a profit when they could be running it instead of you?  Such a discovery, wow Why not ask "why are they selling miners if they could earn more running them? Mining doesn't make sense!" LOL You mean like KNC, Bitfury, and of course, BFL? Anyway, you have to wonder why a cloud mining company would go through the effort and expense of buying miners, setting them up, running and maintaining them, and then go and sell the mined bitcoins at a discount to their customers. |
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One of the main attractions for Bitcoin is it's decentralization. I'd rather we not have a central bank.
If a bunch of people want to get together and form a Bitcoin central bank, there is nothing you can do about it, except refuse to participate and convince others to refuse also. Unfortunately, fractional reserve banking affects the value of all bitcoins, so it will affect you whether you participate or not. I would disagree. The reason why fractional reserve banking works is because the government backs the banks (in the form of deposit insurance up to $250,000 per depositor) and the reason why the government is able to do this is because it can literally print an unlimited number of additional dollars by actually printing dollars (it generally will not need to actually resort to doing this but this is the ultimate reason why it can guarantee deposits). With bitcoin on the other hand it is not possible to guarantee deposits in the same manor. There is no entity that is able to print unlimited amounts of bitcoin FRB existed long before the FDIC and long before U.S. left the gold standard. If there is a run on a bank, the central bank has the assets to back it. The danger is that the run could be too big for the central bank to handle. I imagine something like that is what triggered the Great Depression. |
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Mining isn't worth it anymore, unless you invest in the more expensive ASIC ones..which can be up to thousands of $$.
Not true. You can buy a Bitmain ANTMINER S3+ 453 GH/s miner right now for 0.528 BTC (about $172) and it will probably mine about 0.9 BTC Interesting, didn't know that. Thanks! How long would it take to mine .9 BTC though? Most of the bitcoins will be mined in the first 6 months. Because of the increasing difficulty, the revenue falls every 2 weeks. Eventually, the electricity cost will exceed the revenue. |
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