Guys i guess by last coin he means last block worth 1 coin?
As stated in the above postings, the last block will have a reward of much less than 1 coin. If you care for a word problem: The block reward is planned to halve every 4 years for 132 years with an original block reward of 50. How many coins will be issued in the last block? There are 33 halvings. The last reward would be 50 / 2^33. |
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More than likely someone who's not even alive today.
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I'm not really seeing a big impact from IKEA accepting Bitcoin at this time, beyond the immediate PR for Bitcoin of course.
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I hope the PR does the trick.
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Im laughing a lot right now...
Because? |
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Naw. Expedia is going to accept Bitcoin. I don't see why it's such a big deal though.
This is quite big news! A big step forwards tourism with bitcoin. I hope they expand it to their plane tickets service. That would be huge. As I said 2 days ago, I don't know why this is that big a deal. They already had a payment processor for them that accepted Bitcoins. This just pulls that into their own company. Anyway, I'm hoping this means they actually stick Bitcoins as a publicly-visible option on their main website. Otherwise, nothing changes. |
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I wasn't speculating when it would become the worlds currency, I was simply speculating when we take the next factor of 10 climb up the ladder to 0.1% of m3
I am not an expert, but m3 seems like a bad money supply to compare with to me. Then you assume bitcoins couldn't be used in loans etc. (which they already are). +1 I'm not an expert too, but M3 and even M2 won't do, because they are the mix of existing money (MB) with promise of money - term and saving deposits i.e. money that bank have lended to somebody else. To compare apples with apples we should compare 21M of bitcoins with MB. Which is much smaller than M3. You are assuming that banking functions would disappear completely, I doubt that very much. Mortgages etc will still very much be around, so which particular components of M3 or 2 do you think will not be applicable to a bitcoin denominated economy? We already have p2p lending on bifinex. It's only a matter of time until Bitcoin loans are given by banks, backed by credit reporting to the major bureaus and collateral such a mortgage. |
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Hey I hope you are right. I'd love to see Bitcoin go up.
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Your chart is btc-e, not bitstamp. How does btc-e volume compare to bitstamp?
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How does the pools' hashrate get monitored? Is it based on the data that the pool provide? What if let's say pool1 have 40% hashing power then pool2 have 11% then they combined their hashing power for a brief period of time? Will it get monitored?
To be honest, there is no way to really monitor this. If a few pools get together and decide to try to double spend, it would happen. It would have to be a self destructive act, so it would likely be a hacker that was controlling all of them simultaneously. It wouldn't be a rational hacker, as it would be more profitable to steal the BTC from the pools than force a double spend attack. It would have to be a hacker with the psychological makeup of the Joker. Once this attack happened, the Bitcoin Foundation would quickly move to reverse it and implement countermeasures. |
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The current daily candle has a low beyond that of the last 3 days. The triangle was clearly broken.
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GHash generated 7 of 12 blocks since 0:00 UTC today. It means 58%.
I guess they better start double spending then!! I mean, this would be the time. Right? Right. The attack is about having >50% of the hashrate, not necessarily the generated blocks. Block generation is completely random. It's very possible for 1 person to generate 100 blocks in a minute. Very improbable, but completely possible. It's the hashrate that's important. |
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You didn't notice we dropped out of the triangle/flag already on bitstamp?
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GHash generated 7 of 12 blocks since 0:00 UTC today. It means 58%.
For those who believe news controls the markets, that's good enough news as any to attribute as the reason behind the recent price drop. |
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Just a quick note: This attack is possible with anything greater than 50%. 51% is not required.
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It looks like we're in for a few weeks of stagnation.
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415? Your nuts. 600 is the bottom if it drops.
Uhhh, i am willing to say we go south of $600 for sure. I will put my crypto where my mouth is, I will send you $5 of the crypto of your choice to the address of your choosing if we don't see $599 on bitstamp before September. Yes i am a big spender. Offer only good for Alley You are betting 5 dollars and you're calling yourself a big spender?  I think that was the intended irony  too bad you guys dont have ethereum otherwise you could actually make that bet.. You don't need Ethereum for that. Just grab a multi-sig escrow service. It's free as long as everyone follows the contract. |
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Naw. Expedia is going to accept Bitcoin. I don't see why it's such a big deal though.
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We have been in a flat triangle since June 1st. The trend was strongly bullish as we entered. I expect us to leave this triangle within the next 6 hours or so. We should break out to the upside and head up to at least the 750 area before taking a break or continuing up.
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