Altcoins can only theoretically compete with Bitcoin. If you look at the top 5 altcoins, then it's clear that beside them functioning as speculative investment option, they don't serve a real purpose. No matter how many featues they have (which I consider to be gimmicks since they don't enjoy any real world usage), the far majority of the people just want a tool that allows them to transact with others, and allows them to use it as an investment option. Bitcoin does exactly that. Perhaps not in the best possible way, but it gets the job done.

Stop using wrong terms. Adoption is that people are slowly but surely start to accept/use something, which isn't the case with BU. BU just gains its increased support from the same pools that are just *temporarily* allocating more hashpower to BU, and that's it. I think that's something you should know already as a funky legendary member... Record high for BU was 50% a few days ago, but you seem to have missed that as well?

What a nonsense. People haven't realized anything as they don't know what's going on. They gain confidence out of the price that more or less keeps hovering around current levels. If you ask them what the reason for that is, they come up with all sorts of garbage that holds absolutely no value. Just wait for it - as soon as the panic returns, the same people that are super confident about the price right now, will switch to losing-all-confidence-mode. It has been happening since the very beginning, and nothing has changed so far, and nothing will change in the future.

Don't move forward too quickly with such assumptions. Bitcoin has proven to do exactly that what people don't expect. I don't say that we'll go there, but it's simply not wise to discard that possibility with several uncertainties that we currently have to deal with. People here are as volatile as the price is - one day the sun is shining and most people are happy and confident, while the next day their mood sinks down to the absolute bottom where they start dumping like there is no tomorrow. It doesn't take much to trigger these panic waves. Combine that with stop loss orders triggering each other, and there you have prices well under the $1000 level.

It only show the incompetence of the entire BU gang as they can't squeeze out bugs before releasing their garbage (but most of the people were already aware of that). Anyone supporting BU contributes to his own downfall. In that regard, I consider everyone pointing his gear towards a pool that votes/supports BU to be equally as worse.

Problem is that people are easily tricked into believing something. Last year when Bitfinex lost a huge load of coins due to a "hack", people were furious and told that this exchange was pure trash, that it can't be trusted, that it wasn't a hack, etc. But now they have "paid back" their debt, people did a 360 and now even see it as a decent exchange. What a bunch of sheeps are they! It's mind boggling how people dare to store even a slight number of coins there. And then you have whales with thousands of coins and millions in funds in their account. It's beyond insane that such an exchange gets rewarded while it shoud have dried out last year.

More goes out than comes in. I consider that to be a good thing as it basically means that people are moving away from that exchange. The more people that move away, the less harm this exchange will eventually cause when it goes down. I just hope that Bitfinex won't bully people by halting BTC withdrawals as well. It's a possible scenario as the longer it takes before their operation goes back to how it was before this, the more coins they will see move out. That would be an ultimate F.Y. to all the traders that kept believing in them.

What exactly are you referring to?

Some data all the way till the last days of MtGox; https://bitcoincharts.com/charts/mtgoxUSD#tgCzm1g10zm2g25zv scroll down and click on load raw data.

It will show all their historical trades from 2010-07-17, where the price for one Bitcoin was $0.04951, till the last day of gox on 2014-02-25 where the price closed on $135. On that same page you can select other exchanges as well, and via that you can compare how the markets of different exchanges were doing compared to MtGox back in the days.

RichardsNY raised a good point - If you look at Bitsquare, their platform may be decentralized, but as soon as you operate outside the platform, which happens to be the case when you deposit/cashout fiat, then you depend on a central authority, which in this case are the payment services they are connected with. If that's not a problem for you, then it's all fine.

I assume you're talking about an external drive? Storing your wallet files/private keys on hard drives or usb drives is just optional. Negative aspect is that they may corrupt, or just stop working completely. Best possible storage is a metal bar with the private key(s) engraved. This will make sure that your private keys will not vade or vanish as might be the case with paper wallets.

If you choose a light weight wallet (light weight in the way that it doesn't require/download the entire blockchain) it will work perfectly as well. It doesn't cost much effort to just include a proper fee. What else do you need?

I get your point, but it doesn't work like that for the majority of the people. I also agree that current exchanges are far too centralized and only care about their own gains, but people simply want exchanges like this. Decentralized exchanges don't allow people to trade properly. Each transaction takes a serious amount of time (from a minute to possibly 30-60 minutes in case of Bitcoin) to settle. People that are only interested in buying and selling Bitcoin from time to time will have no problems with this, but traders will always prefer current exchanges over anything decentralized. It's the demand that keeps these centralized exchanges running.

Signatures come up different in different browsers. I am sure that if you try (copy and paste) it with Chrome, Internet Explorer, Firefox, Opera, that at least one of them will make sure the bot notifies your signature. Try it and let me know.

Easier said than done. It's not for nothing that banks and various financial services have cut ties with these exchanges. Mainly because of the fact that these exchanges aren't operating and registering their activities properly, and thus directly fit in a category of services to avoid. In that regard, think it will take a while before they find a solution to this.

It's not that people go on vacation and completely forget about Bitcoin for a while. Everything can be done and followed through the internet in current times. If they want to move away from Bitfinex, people can just convert all their fiat to BTC, and cash out these coins to another exchange. If they for a while don't want to deal with exchanges anymore, then they can even *temporarily* make use of a reputable online wallet service to store their coins till they are home. Or they must have a laptop with them that will allow them to directly store their coins there. Plenty of options.

Even wealthy individuals aren't totally safe. There are enough examples of how banksters notify the government of a certain country, that you have millions in potentially black savings stored there. It's a disgusting practice. Obviously, it's done to cash in rewards from the government in question. I am not a wealthy individual myself, but I am happy that Bitcoin allows me to store a good portion of my wealth outside the poisonous banking and governmental system. Thieves they are!

What an amateuristic article. It's a common market reaction that has nothing to do with an idicating sell-off. It's just that the one behind this article waits for a tiny dump to happen (possibly someone just cashing out some profits), and directly jumps on it in the hope that he is right. He's just summing things up that most of the people are already aware of, puts some sort of his "thought" behind it, and voila, there you have an article that will generate them a bit ad revenue. Try harder.

If we don't make an end to all this scaling nonsense (which isn't very likely as BU is only growing in support), there is no way we will see the $2000 level. I honestly don't mind the price to remain at current levels for the rest of this year (obviously, pump addicts will not agree with this). Mainly due to the fact that in order to justify this level of growth, Bitcoin must be able to handle the demand at least in an appropriate manner (which isn't the case now). Demand for block space exceeds that what Bitcoin can offer right now, and that must change.

Traders care only about one thing - volatility. It doesn't matter for them if the price sits at the $500 level, or at the $1000 level, they just want to trade the price swings, regardless of what direction they might go. If the price sits at high levels, and it's just moving within a very small range, it won't do anything for traders, unless they are doing high frequency trading with next to zero fees (which depends on the platform they use). Otherwise it's not worth the effort.

Jihan is nothing more than a keyboard warrior. Everyone knows that allowing a fork to initiate at 51% comes with risks being far too high. I don't believe he will potentially jeopardise his operations just to gamble on a positive outcome. If he's (or they with RV added) ever going to initiate a fork, he (they) will likely wait till 65-70% is reached. At least, that would make a whole lot more sense.

If the things are as you said, then you do have a good point, but he found it needed to move both of your threads to the trashcan. If you want to know his exact reason/motive for doing so, just PM him and you'll find out what you did 'wrong'. Only he can give you the proper answer.

Link to directly send him a PM; https://bitcointalk.org/index.php?action=pm;sa=send;u=553678

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