|
There should be a way to input a value that would represent the time you want to wait for the confirmation and the wallet automatically suggests the fee depending on the volume of transactions as well.
|
|
|
|
|
Shouldn't ever wallet have an automatic transaction fee suggested in terms of the volume of the network to avoid this? in core we have automatic suggested transactions, even tho i think i always used the fixed 0.0001 one
|
|
|
|
|
As far as I know bitaddress.org and omniawallet will let you import your privatekeys and load your wallet over there.
|
|
|
|
Impossible? You clearly don't have a clue what bitcoin is capable of. BTW, I'm all in since 2012. Now there is simply no point for me to buy any more bitcoins because the bitcoins that I could buy today with my monthly salary would be just a drop in the ocean in comparison to the coins I accumulated in 2011 and 2012.[/url]
This is what I find funny about the btc community, $4k btc sounds crazy yet it is nowhere near as crazy to me as the idea a couple of nerds cpu mined thousands of bitcoins for winter heating prices and turned those into $1,000 a piece. Bitcoin's market cap is tiny, tiny tiny compared to a typical fortune 500 company or a few blocks of prime real estate in a major American city, it has alot of room to grow. I fail to see how that's funny. Imagine Bitcoin really becomes a large-scale success at least in the store-of-wealth arena, largely replacing gold, tbtb unable to suppress it. What happens when a large chunk of the worlds wealth is transferred to a couple of crypto geeks and gamer kids? I don't think that's funny. It's very interesting, though. Maybe prodigious. Nothing happens because most of the people that got luck sold at 1 dollar, or 30 dollar, or 200 dollar. The people that sold at 1k where the 1% of super lucky guys. So as you can see, with Bitcoin the guy that holds wins, but no one knew what would happen. If you mined 10000 Bitcoin for nothing and it reached 1 dollar, you would have probably sold too. Redistribution of Bitcoin will happen everytime we reach a new milestone, 2k, 3k.. 10k..100.. everytime there will be people selling and other people getting the Bitcoins, and each time there will be people regretting by not holding a couple years more. It's how it works. |
|
|
|
You should stop getting yourself under such delusion because the future is still unclear and halvings will mostly affect miners the most and miners are not the one that controls the price. It will happen eventually if there is a demands on it, otherwise it will be just pure cheap talk no matter how many halvings that we have been through
I agree that the halvings leading up to 2024 are reasonably academic, but that one puts the annual coin inflation below 2%. Right now avalanches of coins arrive every day so the sheer dilution makes it hard to tell what the state of the market is. Post 2024 perhaps it'll start to act in a genuinely deflationary manner. after halving in 2024 it will happen !!! 1 trillion dollar market cap of bitcoin
This halving thing is actually great... People think that this means the coin is become scarce and it will be more valuable, hence the price must rise. However, all it means that the inflation rate of bitcoin is halving. Nevertheless continuous money input into the network is required just to maintain its price, not rise. If the market cap stays at say 1 Billion USD and we keep adding new coins by mining, what will happen? Bitcoin has to attract investors and expend or otherwise increase its perceived value just to maintain and possibly increase it's "price" (converted in USD/EUR/etc). So this illusion of the coin becoming more valuable overnight after block reward halving has little to do with the actual fact of halving, rather than what people think. Trillion or billion? Last one could happen very soon when Chinese stock exchanges and economy will collapse  As posted previously, the current market cap is already 4 Billion. ( source example) A trillion marketcap means that 1 bitcoin will cost about 78.000 Dollar.
Someone will not believe this, but imo it will happen for 100% in the next 5 years, before 2021.
Only some big company must start with bitcoin payment and it will trigger a chain reaction.
I think some people are way too optimistic. The current market cap is negligible compared to 1 trillion, meaning that yearly 200 billion would be needed to get into the bitcoin economy. Not saying it is impossible, but looking at it realistically, its rather unlikely. It is technically more scarce, no need to for the italicized "think". It inflation goes down, and the result is a more scarce asset, the total supply is constantly shrinking, and the fact the block reward gets cut in half makes it more valuable instantly. The pump will be epic. |
|
|
|
|
Not really, I have never deleted wallet.dats, when I need a backup I first rename it.. i mean its not like the take any space. I put the old ones in a zip just in case. Call me paranoid.
|
|
|
|
We don't know what will be happened. It's still a long time until 21 million coins will be mined. In my speculation, there are no new coins, transaction fees will be the mining reward.
We all know that, what we are trying to discuss is, what sort of fees will the mining guys of the future be getting? thats the interesting part to me. I guess by that time 1 coin will have the purchasing power of something ridiculous like 10 million dollars, so tiny fees will be enough to make a living out of procesing txs. |
|
|
|
|
Could a transaction be frozen and lost forever? what are the chances of that happening?
17 is pretty scare, I thought 3 hours was a worldwide record.
|
|
|
|
3. Mempool will be overflow if the attacker just send millions of transactions, so there should be a mechanism to remove the transactions from the mempool if they are more than xx hours old
But then the real users and the attackers would and could re-broadcast their unconfirmed transactions to the network. IIRC, by default, bitcoin core will do so every half an hour. So, I am not sure if this "remove from mempool" helps to counter or reduce the problem. This could give legitimate users a choice to re-broadcast the transaction with higher fee or wait until another time. For attackers it does not matter since they are going to flood the network anyway Again there is no universal solution against attacks. Chinese built a great wall, but the general that guarded the gate opened it for the enemy because of a woman  Reject high-frequency transactions from unknown source might be a better solution, but that means each node will be updated with a list for trusted high-frequency transaction entities, thus some kind of management scheme will be setup. Then there will be politics around who should or should not get into that list, will get complicated Pure market driven solutions will not work due to some people who control large amount of resources will be able to attack for months while majority of users will not be able to compete with a higher fee. 1% of people having 99% of the resource is a fact What if someone invents a way to automate microtransaction floods that come from a random source each time? that would be an headache. |
|
|
|
but the price is going down again to $273 and how about $280? i hope it would be happen this week or maybe tomorrow...who knows
Im pretty sure I saw 280 for some seconds in coinbase a couple hours ago. We definitely have a long time (20 days) to reach 300. |
|
|
|
|
It's funny looking at the first comments in this thread. We've already seen 280, we have 20+ days to surpass those 20 remaining dollars for 300. It's obvious people isn't objective anymore about the price and went on the depressive mode instead of the realistic one.
|
|
|
|
I just heard on CNBC from a Greek official that bank transfers under 15,000 Euros are still allowed as long as the transaction is inside Greece.
-C.
The government statement said online transactions inside Greece will not be affected, thats why we see mostly old people lining up on ATMs. |
|
|
|
Totally agreed. First if all human wants can never be fulfilled and there always be need of human labour no matter in what century we are or how advanced we have become there are still many many things which machines can't do and humans can!
True, but the whole point is the gap is getting closer and closer and it doesn't seem like it's going to stop anytime soon. Most of the repetitive and heavy tasks that take most of the low qualification jobs out there will be replaced, then mid and high jobs will continue. |
|
|
|
|
I would like to see a way ot mine Bitcoins in Minecraft, like actual mining of the blockchain but throught ingame blocks, that would be pretty cool considering how many players are destroying blocks on a daily.
|
|
|
|
I just want to add something about market caps. Bit coin has a cap of ~3 billion. This might sound like a lot, but it isn't in the grand scheme of things. For example Exxon Mobile is just one of many stocks, and its market cap is ~346 billion. The point is that bitcoin has quite a lot of upward potential. When the asset bubble bursts (again), there is a really good chance that new money will flood in to the market. All of these recent positive news articles are priming the pump for such action. Even though I only have a small BTC holding, it is really exciting for me to think of what would happen if the market cap went up as far as it could.
Bitcoin hasn't even begun. Something like Uber has a bigger marketcap and all it does is basically decentralizing the taxi industry. Imagine all of the stuff that Bitcoin decentralizes beyond money alone. Anyone with a long term vision can see the potential trillion+ marketcap. |
|
|
|
The worst part hasn't happened yet. Now greece is all happy and dandy because the NO won. They think they are getting their sovereignty back, when anyone informed knows that haircuts will be coming, and once haircuts will be coming and you still cannot get your money out of the bank, now that is a whole new level of frustration. Having bought BTC at 1K will be nothing compared to that.
^^ This It is not enough to save money in the bank, we now see all the risks, even if you are in a "developed country". 10 years ago, who would have thought that people could get "bailed-in"? The term, AFAIK, had not even been invented... Nor is BTC enough by itself to be properly diversified. It is only smart to own some gold, keep some cash at home and own BTC. And to pay attention to the news, and being prepared to act. It's really people's fault that they haven't learn what diversifiying means at this point in time after so many incidents like these and the importance of never having all of your wealth in the bank. Our culture never learns until you've already fucked up. |
|
|
|
|
You better have that money taxed, otherwise you'll have tons of problems. Your only alternative would be doing in in small amounts, and each amount must separated to not link it to the total amount, which im not sure how would I go about that to be honest, it's a ton of money. If you get it transacted in your bank account, your bank will end up being suspicious about random small constant transactions anyway.. OTC would be a mess, imagine having to meet with localbitcoinguys in real life 1000's of times (there's no way any of them will have anything near 500K in cash for you). So yeah, I dont see any way to do this unless you do it legally and lose half of it in taxes lol.
|
|
|
|
|
Is Liberland actually a thing beyond some PR stunt? last time I checked that's what it looked like.
I guess they used it because well, what other options they have that are better than Bitcoin if you wanted to create a brand new country?
|
|
|
|
|
Why doesn't USA help Greece paying the debt? put your money where your mouth is, once again.
|
|
|
|
There are lots of people that have given the middle finger to paypal and are already accepting BTC in greece thanks o the bank. http://www.thepressproject.gr/support/confirmsThis page is pretty big in greece and now they accept BTC, so thanks paypal. |
|
|
|
|
Show Posts
