I don't like this thread-fork. Seems like the other one has more than 51%...
It had a head-start. This one is more spammable and less pruned... Since the other one is equally non-moderated and free as the good ol' thread, why start a new one? Isn't that one self-moderated? |
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I don't like this thread-fork. Seems like the other one has more than 51%...
It had a head-start. This one is more spammable and less pruned... |
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I will now make my long term prediction:
It shall go up and down and then up and then crash.
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Day traders? With 10 dollar or so difference isn't there money to be made?
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Or maybe it was just a thought experiment for him? A nice toy project?
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Where do you live?
USA is nearly there as police state that they can do what ever they want... Freedom and all anti terrorism...
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Crash is over, correction will continue...
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Shouldn't it be about an hour from time it enters the chain?
Time to chain, is up to fees, or then there is something strange on some implementations...
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Stabilize price to what?
You would need to choose one currency and use it. Then we would end up just with handy less useful version of that currency.
Or you could do a basket, but there is lot of issues with inflation and valuation there too...
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How does those has much to do with each other?
You did not ask that same question in the other "dump thread"! Why? Because they are interconnected. The Nazis in third Reich were racist towards Jewish people... |
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How does those has much to do with each other?
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Perspective is nice. 2 months ago we were moving up from $20 and now we're at $100. The bears don't like perspective  "Everything's downhill from here" "Looonnnggg sloowwww slidddee" "We'll be seeing single digits again soon..." (repeated ad infinitum) And bulls don't have any |
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Also we will include that mining is necessary energy expense to maintain the integrity of the Bitcoin network and to make it function at all!
Will it also answer the question of who is paying for this expense? I don't know sufficient amount of macro economics to give real answer. But likely at somepoint the cost of mining is near equivalent to gains of minings as coins. So as many coins are spend for mining as are gained from it. Who exactly ends up losing in this case. In any case it's rather lot of waste... Computers are getting more efficient (using less power), and in the future who knows next gen solar panels installed in the home may supply most power for next to nothing so what you have argued above is very short sighted imho, as it doesn't take into account advances in technology. So the limit will be still return of cost for hardware. Supply and demand in case like this is an excellent fundamental... Supply will rise to demand. If there is money to be made by investing some will invest untill it's not profitable anymore. Hash rates and efficiency has nothing to do with this. |
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Also we will include that mining is necessary energy expense to maintain the integrity of the Bitcoin network and to make it function at all!
Will it also answer the question of who is paying for this expense? I don't know sufficient amount of macro economics to give real answer. But likely at somepoint the cost of mining is near equivalent to gains of minings as coins. So as many coins are spend for mining as are gained from it. Who exactly ends up losing in this case. In any case it's rather lot of waste... |
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Various forms of energy. Remember: Energy can be neither created by anything that we're aware of, nor destroyed. (Fixed amount.) It can only change forms. (Exchange.) Acquiring energy requires real work. (Mining.) Every time energy changes forms, some of the energy is lost. (Transaction fees.) Energy is impossible to counterfeit.
And when you're in a space ship orbiting Jupiter... You need fuel cells, damn it.
-SNIP-
It will be called Watt Harvesting. You heard it here first.
I have considered that Energy is one and only true currency. Everything is energy or energy is spend to create it. As such everything could be valued in Energy. In real world it's very complex. But it's possible... |
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I agree, I really like this post, seems the people are fighting back against the missinformation. http://arstechnica.com/business/2013/04/mining-bitcoins-takes-power-but-is-it-an-environmental-disaster/there has been a story going around that Bitcoin mining is the same as gold mining, that it uses resources that are destroyed in its creation, (of course not, the miners secure the system, a necessary expense) People began dismissing it an bringing up the calculations on how much energy was being used, but this article left out the fact that it is in the miners interest to have the most efficient machines possible. hmmm, your right, someone should do an article about Bitcoin, a nice thick article that is thorough and split-able into different sections so that media outlets with different known positions can take their spin at it and base it all on fact, pure unadulterated fact straight from us. Does the efficiency of the hardware even matter? If the hardware is more efficient the difficulty will rise and thus any gains there will be lost eventually. People are likely to invest as long as they get returns. And with widespread use. How high will the cost of coin go and as such the amount of energy needed to mine coins. What is expected return for mining? That is price difference between used power and hardware cost and value of gained currency. Likely rather low in sub 10% range would be my guess. And that is the cost of running network. |
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A visionary I am, a techie I am not (yet). Yeah, too much visionary, what you said don't really make a lot of sense  Fighting a ddos with hashing power? nonsense Yep, solving it with hashing power would be nonsense. Perhaps you should re-read the post! Not hashing power, but a decentralized darknet mesh network (currently such networks are impossible to attack with DDOS)! I do count radio jamming as DOS. And with such resources it could be distributed and probably had to... |
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Back to trading |
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What keeps the price up?
And what is up and what is down, in a long run?
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Liberal that is: ID cards was one point I disagreed with...
On the other one I ended up as Solid Liberal...
Wait, so you: Approve of Corporate bailouts Approve of Trade tariffs Approve of Social security (that one's kind of a given) Disapprove of Private charity and want bigger government spending? Yes, in some cases. All of those are beneficial in moderation. It's really about balance. All of the options are rather extreme in my mind. Government is doing things badly, but I don't think they shouldn't be done. On topics: New companies should receive some support if they are viable. Also some support or tax credit for research and development isn't bad. Depends on general tax rate though. There is some need to protect inner market, for certain products. We aren't yet in global world peace... Given... Not that I'm against private charity, but it should come after social security. 50% cut is too drastic, there is certain cuts needed but 50% is way too much. |
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