Sure, but percent change from 1 year prior is still well below historical norms.


If you want to look at the data in other ways, you can play with the view here: http://research.stlouisfed.org/fred2/series/TCMDO

Debt growth has slowed and remains slow.  Everything will look exponential if you look at it in nominal terms because the dollar has devalued exponentially.

Or maybe, just maybe, the hundreds of thousands of individual actors with different priorities, beliefs, and understanding will somehow manage to behave differently from each other and the two camps cancel each other out, starting the bubble right on time.

Large companies do authorizations (which are free) and then submit the actual transactions as batches, so they spread the fixed amount across many transactions.  That fixed amount is up to 30 cents, but can be less when you have the volume to negotiate.

Can you give an example of a feature that has been proven by an altcoin that has not been included in Bitcoin?

Just based on my gut reaction to the charts on several timeframes, I would say 40% up, 50% sideways (within 0.5 or maybe 1% of current), 10% down.

But damn do I hope he's right.  I still have 14k from a few days of GPU mining back when it first came out.

Just to set the record straight, this never happened.  The first commit, tagged 4405b and dated 2009-08-29 has this on line 18 of main.h:

COIN is the divisor for converting satoshis to BTC.

Bitcoin has always had 8 decimal places.

Good point.  Could Bitcoin's market cap stall?  Absolutely.  Will it?  Doubtful.

Well, just off the top of my head, how about the fact that increasing the number of decimal places means that you have to change the value field on every txout to something larger than the current 8 bytes.  This increases transaction size, which means that without also increasing block size, you are decreasing transaction throughput of the network.  Why would a miner want to increase storage costs, decrease throughput, all while taking in less fees (because of less transactions)?  I assume if we are at the point where 8 decimals isn't enough, we are also pushing the limits on throughput, but blocksize is an entirely different can of worms.

Traditionally, that impetus has been an overaction to bad news that triggers a big sell off that is then completely erased by steady buying pressure.  If the rocket tries to take off now, everybody will jump right in because of the excessively positive sentiment.  If there is some negative news that brings doubt, the rocket ignition engineers will be able to get all the coins they want at a reasonable price before the herd catches on.

BTW, I have 7265 posts, before this one.  Activity != post count.  And this is my second account.  Complaining about trolls is just as unproductive as trolling.  In fact, it is reactions like yours that motivate them to keep going.  But keep up the whining and ad hominems, it really makes you look like a valuable member of the community.

Also, learn to quote properly.

Things look good for today's downdraft to follow through next week.  The only wrench in the works is that interest rates are falling along with stocks, which gives the Fed more ammo to prop things up.

Why not just call it a wealth distribution mechanism?

Unless intellectual property laws are used to restrict supply by only allowing one vendor.

I agree these are the countries that are getting there.... but China is still too dependent on the US markets.  And of the BRICS, China is the cornerstone.

You are clearly new here.  This forum has always had a large population of retards.  By the way, filt isn't a word.  You are looking for filled.

If they let interest rates rise, then the Fed will have a harder time propping up everything else.  Until they withdrawal from stocks they have to support bonds so the Fed can act as a force multiplier.

Exactly, we still have to wait because nobody wants to bankrupt half their export business.  Demand needs better global distribution before the transition can be made.  Yes there are great costs to continuing to do business this way, but the costs are less than the costs of a transition at the moment.  Of course, once one big player makes the move the cost of continuing the game will go up for everyone else and the dominoes will start to fall.  They are all moving in that direction, but I don't see anyone who is close enough yet.

Right, because we should trust every government employee that can upload to a webserver .

Do you have any idea how many government workers there are out there who know nothing about computer security?  Even without a malicious actor, the PDF could become infected if the producer's PC was infected.  As someone who did tech support for many government entities back in the day, I can assure you that government workers frequently manage to infect their computers.  Trusting it just because it is from a .gov site is foolish.

I thought it was pretty cool when I was 17.  I haven't watched it in 10 years.