How about only earning Bitcoin and not using them?
I think the price of Bitcoin will gain much more value.
So if we keep it as our asset we will be much rich in the future...hehe...whats your opinion about this?
nothing new in what you are "proposing" because almost everyone is doing this as it is. Bitcoin is used less and less as a currency and more and more as an investment. now if you are proposing everyone to literally hold bitcoin it wouldnt work, there has to be a degree of trade in order for the value to rise and/or fall. this applies to anything |
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As above i have no idea what QSP is at the momebt
it seems a bit obacure. You need to check back in its
History to see if the price you bought at was its
highest, or has it a real chance to reaching that again?
It can be very tricky to invest in unknown coins especially
if the price is attractive and then hoping to double, treble
or more your amount.
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I personally use Coinbase, I know the guy above me said don't use it, but I have never had any problems with them and all the transaction fees haven't been an issue for me as I usually only receive Bitcoin and don't send it a lot. I like Coinbase cause they are at least backed by something..
LOL. You're wrong buddy. Coinbase is not the best wallet when you can't control your private key. For now as I know the best wallet to store Bitcoin is coldstorage wallet like Trezor or ledger nano s which you can control your private key and nobody can stole your Bitcoin when you're not connect the USB stick with your computer and click the button on the USB stick. i use coinbase for buying bitcoin with fiat, a direct transfer from my linked bank account attracts zero fees, transfer to gdax and to a different bitcoin wallet attracts zero fees. coinbase is an excellent facility but i dont store bitcoin there. There are 3 wallets I use, coinomi on my mobile phone wallet, exodus and electrum on my desktop. I have control of all my wallets and the private keys. its much safer than storing them long term online. |
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Almost everyone here is figuring that bitcoin is only going one way and that is UP. As others have posted here the price is on an upward trend at the moment so maybe wait for a little correction but if I were you now I would be looking to get in fairly quickly. I really think anytime is a good time to get in as there was talk of how bitcoin might reach $10,000 be the end of the year  , well we are almost there before December  |
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Very mysterious coin, I was attracted to it. It will succeed beyond imagination with what is there.
Yeah, maybe is misterious but they sold out Pre-ICO in a day Yes indeed, that was like selling concert tickets for U2, Bruce Springsteen or Taylor Swift! Lets see how the second phase ICO goes, will be interesting to see if that sells just as quick which I have no doubt they will. |
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Payment has been made for who in "Next Payday 27 Nov"
Hi, i am willing to take his spot if it is possible. Please, let me know if i am accepted so i can change my avatar and signature as soon as possible. Link to Profile: https://bitcointalk.org/index.php?action=profile;u=229588;sa=showPostsBitcointalk Rank: Hero Member Current number of posts: 510 Bitcoin Address to send the payment: 1FRGByvFKUwD7CeFNtjVis7QEWgfxFcdo8 Accept for HERO spot
Looking a poster for Full member slot ! Payment received, thank you again izanagi. |
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I gave up mining SIA a while back (and switched to a non storage based coin) simply because, I don't see a future for it. I can't see any large company wanting to go through the hassle (and risks) of exchanging cash for SIA then using it to buy storage. Currency fluctuations can have big effects on profitability (Lots of UK businesses after Brexit have seen profits squeezed, or even wiped out after GBP took a dive) Why would a large company already at risk of currency fluctuations increase that risk by also getting involved with crypto markets, and with something as important / essential as storage?
With high speed networks, falling SSD prices (and increasing capacities) along with super reliable HDD's does SIA really have a large scale customer out there? Perhaps content creators could find a use for SIA as an alternative back up space - but the likes of a large multinational with huge storage requirements would probably already have their own facilities in place. Honestly, I don't see enough small scale users to make up the difference.
So, that's why I got out - I don't think the demand will ever match the supply. I think it's important to have faith in any project you're investing in (whether it's buying coins or using resources to mine them, it all counts as an investment!) - I have a great deal of respect for all those who do believe that there's a future for SIA - perhaps you can see something I can't... (or maybe you are just smarter than me!) - however, for me - I think there are better options out there.
Soooooo wrong . Ive worked for two of the biggest storage manufacturers of storage in Silicon Valley and in the world. I'm not talking Terrabytes of data we are talking arrays which hold multi Exabytes of data, hosted in data centers the size of football fields. Every major company, business, hospital, stock market exchange in the world is on these arrays. When an array goes down its in the news as it impacts something huge and the downtime can affect the stock price of a company. Now think about this, for every petabyte of data there has to be a backup of this petabyte of data , (government regulations dictate backups go back 7 years) , and to avoid a single point of failure this data has to be replicated to multiple branch locations throughout the world. Where do you think the XRAYS hospitals use are stored ? Do you really think the movie studios are storing movie data on a bunch of hard drives ? Nope, they are on multi-million dollar intelligent arrays the size of fridges which manage the data and its spread across several global locations. One of the biggest challenges is how do you preserve this data, how do you provide cooling , the cost of electricity, security, product failures, data redundancy, real time replication, data deduplication, ete etc . These are issues which the major storage companies and enterprises struggle with . SIACOIN solves a majority of these problems and is going to huge. I have 675 TB of data I manage at home, which means I need to keep another 675TB of space for backups and another 675TB in case the main backup fails. You can imagine my electricity bill, its up there and I try to offset it with solar panels and 20 x 12volt (256 Amp Hrs) solar batteries which run these NAS devices when the Sun goes down and the panels no longer supply energy. In summer time these NAS boxes require a lot of cooling and im also mindful of what happens to the data if there's one of these California earthquakes . This is where SIACOIN comes in as I will archive the data to the SIACOIN network, and now I only need to keep 675TB of live data and my cooling and power requirement issues are now resolved - As a plus I also get to pocket a lot in savings. Another added benefit is its decentralized so I no longer need to worry about security ( As you need the wallet key and seed to get to the data ). Plus its decentralized so there's no need to worry about a single point of failure - And Even if SIACOIN team folds and gives up the project the network still lives on . Think again @DanTheHam in the future I see SIACOIN on phones, in cars, watches etc ... this revolutionary and is going to be huge ! Another wonderful thing is no matter how much Dropbox, Amzon, Microsoft, Box etc try they can never complete with SIACOIN in the storage space. This is because there's no storage, cooling, security, power etc.. etc requirements for SIACOIN its all taken care of in their distribution model. There's never overhead as its decentralized. If Drobox, Microsoft, Box etc attempt to compete with SIACOIN they can never ever win as they have various financial overhead they can never avoid - you gotta love it . These are some smart Devs over at SIA - So SIACOIN will always undercut them in prices and will always be more secure . Where do you think these enterprises are going to turn to cut costs and up their stock valuation ? .. SIACOIN network gives them this option I do not agree with your analysis in the previous post. Please take a neutral analysis for both Sia (de-centralised) and others (centralised, including Dropbox, Amazon, etc.). You can see that all of them need hardwares, by which I mean real high-perfomanced devices for their storage services. Those services all need power, cooling systems, etc. which put the Earth under extremely high pressure about environmental pollution, generally. The only thing Sia project is better than those others is it use de-centralized devices, and you can restore your data easier. That's it. regarding storage and siacoin. how is the data storage security is it uniformly encrypted on each devices? where can I learn more about this as I would be keen to use it for additional phone storage.  in a traditional storage model i.e raid volume the data is spread across several disks for speed, redundancy etc. For example in a raid5 data is spread across five disks inclusing the parity data so you can lose one disk and still recover the data - https://en.wikipedia.org/wiki/Standard_RAID_levels#RAID_5With a raid 6 you add a second parity stripe ( or some manufacturers use a dedicated parity disk ) so you can have a two disk failure. This also mean that if one day someone walks off with one disk from your data center they only have 1/5 of your data and its useless as its only partial block data which makes it unreadable . SIACOIN extends this model but unlike hard disks in one data-center the data is spread across multiple computers across the internet and you do not know the ID of those computers. So even if someone hacks into one of those computers they only get partial data which is unreadable and not usable as the block data is garbage. Throw encryption on top of that for added security and a block-chain wallet key and you have very highly secured data. Which of the current storage provider models can beat this model or offer better security ? Pray do tell me - The beauty of the SIACOIN model is its very simple and yet very highly effective and very affordable as the overhead requirements are stripped. What do you think the developing world will be using ? thanks for the detailed response mycotoxin, one of the nice things about this approach, it even I wouldn't know where all the parts are it's like anonymous secure storage... truly decentralized i definitely think if the data age this is a key advantage. yes good analysis of the SIA storage benefits.I just want to go back to the cooling point made by "mycotoxin", its a great analysis of the advantage of SIA over centralised competitors. Each little data centre operated by each storage provider on the SIA network is responsible for their portion including cooling so instead of trying to control climate in a 39,000sq ft centre at a cost of millions i will be cooling my cpu as normal while i am browsing BCT big game change https://storageservers.wordpress.com/2013/07/17/facts-and-stats-of-worlds-largest-data-centers/ |
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There is always movement in crypto and there always will be.
There will be times when the markets are less volatile but
there is always movement.
It is the nature of crypto at the moment for people to see the
different projects as money makers as soon as they are live on
the exchanges rather than being interested in the actual
technology, so there will be always volatility.
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I have got another news from truckcoin that Russia Has Found Best Location for Crypto Miners The Russian Association of Blockchain and Cryptocurrency has conducted a study to determine the best location for cryptocurrency mining in the country. The best region found is a major transport and distribution center as well as a transit hub with cheap electricity. Currently, there are very little crypto mining activities in that area. We can visit the link below to getting more information about it, it interesting information. https://truckcoin.com/russia-has-found-best-location-for-crypto-miners/ This is good for the Krasnoyarsk territory and good for truckcoin and the mining of. Will this effect other miners who want to do mining with mobile phones? Well i don't want to make speculation about the effect other miners who want to do mining with mobile phone because i don't have any valid data about it, i don't want give wrong to something unknown will be more good waiting for the community to answer about that, maybe they can give enough information about it many source of information will minimize the wrong information. Do we have up to date stats regarding the mobile mining feature? I understand this is not the main feature, being behind untraceability, security and scalability. |
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This is a great info-graphic. It should be a sticky thread on this board for newcomers to get a handle on bitcoins history alo g with some interesting facts. Well done and thanks for posting. I can appreciate the amount of work gone into this  |
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Wow i did hear on one thread that there was to be another
fork but i didnt think it was to happen so quick, as above
lack of marketing.
While all the new features are good its hard to see it competing
with bitcoin or even bitcoin cash. Its just a pity these features
couldnt be added to bitcoin as smoothly as cash and diamond
has added them
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i have recently done 2 bitcoin transactions and i had to pay in total 52 usd in transaction costs,
how can bitcoin be used if it is more and more undividable, because smaller transactions arent worth it anymore?
introducing new forks and splits like bitcoin cash bitcoin gold decreases the trust and people start consider it a manipulated centralised pyramid system.
if someone buys himself a hamburger with bitcoin, he has to pay more than 14 other hamburgers for miners...
bitcoin becomes a currency for large transactions only (rich people), you could worthily transact the payment of a yacht or a building with bitcoin but not smaller things..
regards
That is without a doubt a big issue but is not as big as you make it out to be, bitcoin is not being used as much as a currency as it is used as an investment, so the problem with the fees is not as bad but when we get adoption by most people around the world then that will be an issue but I think that by that time bitcoin will be mature enough and will be able to process that huge load of transactions. I agree, bitcoin has dominance in the amount of investment it has abd there will be more and more players goi g to bitcoin. I agree with aeternus' last post about bitcoin not being used as a currency as much as it should. It is being used as a store of wealth and as an investment. |
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I have been posting here on this forum about the positives of
Bittrex after i moved from a different exchange but i am only
now reading negative posts about them.
I have to say there is some serious allegations here, i really
hope these were isolated events.
I think over the last 6 months there has been a massive
uptake in crypto and a massive amount of new users.
Is it case that the exchanges are struggling to keep up with
the massive increase?
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There are a lot of different opinions and ideas floating in this thread.
Its interesting to read what people are ariting.
Bitcoin or and other decentralised currency will never be adopted
by any government or state banking institution, they will probably
adopt the blockchain technology but thats it.
Our decentralised crypto is already neing used as a store of value
And a hedge against a fiat collapse and i think this will grow but
slowly, i cannot see a mass rush into this, its too complicated for
most people to comprehend.
Also the thinking of the general Public of "bitcoin" is that its a scam
and only used by criminals.
Thats mg rant
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I have sold my BTG just few hours ago on $410 and I already regret that decision, I guess I've got too exciting.
Should I buy it back till the price is aroung $400, or maybe wait a day or two?
What would you do if you were me? I don't wanna miss a great chance here!
I have said it already on this thread that i was holding for the medium to long term because nobody knows how BTG will be adopted regardless of its features, positives and negatives. Take bitcoin cash as an example! |
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im sure there will be people who will invest in this . . .
BUT
Is there a chance you could expand on the very limited
information you posted such as,
How much land?
How many hotels?
What are the locations?
Who are the construction companies?
Can we see their past projects?
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75 LTC should I hold or sell. If sell what should I buy ?
you should definitely hold, LTC is performing very well
IMO, very stable and is on a rise at the moment and
for the future this trend should continue as BTC does.
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I voted for BITRUBY, it sounds good like a precious gem should  I would go secondly for BITSPHYNX. I would also like to know more about further plans for this. |
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Litecoin was regarded as silver to Bitcoin. However, its performance is much worse than Bitcoin.
What's your view on Litecoin's future? Will it catch up or continue to underperform?
"its performance is much worse than bitcoin" i assume you are basing this on the fact that Litecoin isnt valued at something like $5000  Litecoin in my opinion is a real safe bet for long term storage, the dev team are very active and it is enjoying a nice sustainable rise in value at the moment after being very stable for a number of weeks. IMO its stability is not attractive to the "get rich quick" crew who relish the turmoil of pump and dump's. |
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