Of course it matters. If it's very low in comparison to the amount of USD you want to invest, then you'll lose a lot moving the market while buying.
New maximum prices also make headlines, which attract more users speculators.
FTFY |
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Yep, you got my point: too much advantage for early adopters, the vast majority of them didn't risk more than some hours of pc work or a few bucks.... now they speack about selling the coins to Africa. .. for some hundred dollars each. I have supported some coins like auroracoin in the past, but they all turned out to be scams  What they got for their "hours of pc work or a few bucks" was worth a few bucks. Why does that seem unfair? Suppose Auroracoin didn't fail and it was now worth $1000 each. Wouldn't that be unfair to the people that didn't get in early? How would you handle your guilt? |
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Here is what the backup email from blockchain.info says: Attached to this email is an AES encrypted wallet backup which contains everything you need to restore your bitcoin balance. You can use it to restore the wallet at anytime at My Wallet or using the 3rd party MultiBit Desktop client.
So my BTC's are safe in the event something happens to blockchain.info as I have email back up yes? If Blockchain.info goes away, download the Multibit client from bitcoin.org and import the blockchain.info backup. Everything will be there, except addresses created after the backup. |
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I don't think it is a good idea to allow any individual code their own version of bitcoin core which will damage the single independent network of bitcoin. Some one may code the software to obuse bitcoin to get profit.
There is no way to stop anyone from making changes to their copy of bitcoin core or from writing their own bitcoin client. That is an important feature of Bitcoin. |
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The series of bitcoin tutorials by this guy is great. I recommend all of them.
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It is perfectly ok. Bitcoin is open source. You are free to change your copy in any way you want.
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Here's a transaction fee's worth of private keys with 0.00001 BTC on each then. As long they are going to be spent, I've got 1500+ more...
L4JyPUuq1qcokcunDvZcQceU51UjwHwJjEz3GMVmEjzPLQZWhK18
L2EVNG16Srurcze6uiVrBu8Mp6QEGUhq3NjdG3dp14yUyxBPRKKP
How , what , who, What? How you dat? What dat? I thought you only are supposed to post public keys, so called "bitcom addresses"? Then people send you BTC to this bitcom address, I guess signing it with your public key, and only you can decrypt it and spend the BTC sent. If I import these private keys, doesn't that mean somebody can also import these private keys, spend them first, and thus double spend this amount, and I will be left with nothing? This stuff is confusing, just when I thought I understood Bitcoin... You understand correctly. He is publishing the private keys so that anyone can spend the bitcoins they contain. Unfortunately, the cost of sending the coins is greater than the value of the coins. I'm curious why deepceleron has so many of these addresses. |
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AND, please, repeat slowly "There is not such a thing like an intrinsic value. Value is always subjective and not objective"
The concept of intrinsic value is very clear... If something which is used as currency (gold, bitcoin, fiat) also has other uses, what could be its maximum value in those uses? Gold has some industrial uses, use in jewellery. This determines the floor price of gold, even if it is not used as currency. Fiat is worthless. I guess bitcoin also has no intrinsic value. I have a few issues with your clear concept of intrinsic value. Silver is much more useful than gold, so its intrinsic value must be higher, yet its value is lower. That implies either that there is something about intrinsic value that is not so intrinsic, or that intrinsic value doesn't really mean anything. It is assumed that bitcoin has no intrinsic value because if everyone stopped using it, it would be worthless. However, the same thing could be said about gol or anything. Either bitcoin has intrinsic value because it could be useful, or nothing has intrinsic value. What is the value of gloves to a person without arms? The value of an object cannot be intrinsic to the object if it is different for each person. |
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We can fix the early adopter problem by allowing each person to create and mine their own alt coin. Everyone could be an early adopter and have millions of their coins. Then in five years or so, everyone would be millionaires.  |
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Here is what the backup email from blockchain.info says: Attached to this email is an AES encrypted wallet backup which contains everything you need to restore your bitcoin balance. You can use it to restore the wallet at anytime at My Wallet or using the 3rd party MultiBit Desktop client.
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Who owns the address 1LTYn...? Is a deposit address for the site? If it is a deposit address, then it is normal for the site to move the coins to another address. Did they credit you for the deposit? |
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Dollars, euros and pounds are easy to visualize: They’re physical objects ...
Dollars, euros and pounds are not physical. They are no more tangible than bitcoins. Token, coin, whatever -- I challenge anyone to show me a bitcoin.
Is that a veiled attempt at begging for bitcoins? No, just a challenge, and a learning opportunity. If your disagree with the OP, then I challenge you to point to one of these bitcoin tokens. |
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In your example: When "bank loans 90 BTC to customer B" those can only be tokens representing BTC.
Why must an token be loaned? The bank has 100 BTC. It loans 90 of it. |
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Token, coin, whatever -- I challenge anyone to show me a bitcoin.
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In asset backed FRB: If FRB bank has 100 real units of assets to back the FRB then it is "allowed" to issue up to 1000 certificates for unit assets.
FRB doesn't have to involve tokens or certificates. In simplest form with a single bank, it works like this (with a 10% reserve ratio): Customer A deposits 100 BTC. Total deposits: 100 BTC, with 90 available for loans Bank loans 90 BTC to customer B. Customer B deposits 90 BTC. Total deposits: 190 BTC, with 81 available for loans Bank loans 81 BTC to customer C. Customer C deposits 81 BTC. Total deposits: 271 BTC, with 73 available for loans Bank loans 73 BTC to customer D. Customer D deposits 73 BTC. Total deposits: 344 BTC, with 66 available for loans ... Bank loans 1 satoshi to customer X. Customer X deposits 1 satoshi. Total deposits: 1000 BTC, with 0 available for loans Customers think they have 1000 BTC in the bank, but there is really only 100 BTC. There is no problem until customers want to withdraw more than 100 BTC. Then, the bank will fail unless it can borrow from another bank (or a central bank). |
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Regardless of your feelings on the evil of fractional reserve banking and central banks, FRB will be implemented with Bitcoin, as long as it is legal. When Bitcoin FRB is put into place, a central bank will be necessary. The central bank will not be able to print money, but it will control Bitcoin bank reserves, and so it will have some limited power to manipulate inflation/deflation.
You can whine about how it goes against the spirit of Bitcoin or how it violates the wishes of our Lord Satoshi, but I feel that it is a certainty unless laws are enacted to prevent it.
If a central bank was not able to print money then how on earth do you think it could create a fractional reserve currency? The only way to create a fractional reserve on top of bitcoin is to create a new token layer atop bitcoin, these tokens are issued (printed) or withdrawn (destroyed) by the central bank. Giving it lots of power to control inflation/deflation. That's not how FRB works. |
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How do I put in a bid to close out my short position? To I put in a margin buy or do I go to the exchange and put in a regular buy?
Do a margin buy or click on Close to the right of the position info |
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What is the expected BTC mined at current rates though? Link to a good calculator? I want to figure that out and any increase in difficulty is a bonus.
This is approximately how much 1 TH/s will mine by 2014/12/15 13:00:00 assuming different rates of increase (except the next one, which is assumed to be about 1%): | Increase Each Period | Total Mined | | -5% | 0.87 BTC | | 0% | 0.85 BTC | | 5% | 0.83 BTC | | 10% | 0.81 BTC | | 15% | 0.79 BTC | | 20% | 0.77 BTC |
Here is a spreadsheet you can use to calculate the value: https://docs.google.com/spreadsheet/ccc?key=0AllWdSPlWdvydEUwc19xWWVqa2x6eXd3V3NKV2NmZHc&usp=sharing |
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Bad. I hoped more than some whale had cashed out during the " falling" of price...
I think that unfair distribution of wealth is the biggest flaw of btc design.
This is not about BTC design, but about the very nature of money and capitalism. Even if the initial distribution was made in such a way that everyone started with the same amount, it would eventually return back to a few people. Though I agree that the distribution of bitcoins will eventually mirror the distribution of wealth, I don't believe that the current distribution has anything to do with it. The people that currently have the most bitcoins are risk takers, entrepreneurs, visionaries, and nerds. The characteristic they have most in common is access to information and technology. I also don't think the distribution of bticoins is unfair. Everyone that owns them paid for them with money or effort. |
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Regardless of your feelings on the evil of fractional reserve banking and central banks, FRB will be implemented with Bitcoin, as long as it is legal. When Bitcoin FRB is put into place, a central bank will be necessary. The central bank will not be able to print money, but it will control Bitcoin bank reserves, and so it will have some limited power to manipulate inflation/deflation.
You can whine about how it goes against the spirit of Bitcoin or how it violates the wishes of our Lord Satoshi, but I feel that it is a certainty unless laws are enacted to prevent it.
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What does this mean? Also it has over 180 confirmations. 
