There's no apparent need in cutting the portfolio. It will decrease naturally as bonds mature.
If there's a need in soaking up the excessive liquidity they have a range of other instruments, namely repos and manipulating rates on excess reserves.
The fed would need to reinvest the proceeds of matured bonds into new bonds or else liquidity would dry up. When US treasury bonds mature the treasury must issue more bonds to repay the bonds that are maturing. If the Fed does not buy some of those bonds then the effect would be the same as if it had sold the bonds in the open market. Are you saying that 80% of the Treasury bonds sold by the U.S. are bought by the Fed, and if the Fed doesn't buy them, nobody else will? That can't be true!  |
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You are going to kill yourself over some money? That seems a little extreme, doesn't it?
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Well that accounts for the the 10% drop in the exchange rate. |
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The Mycellium wallet now has built in P2P trading.
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You are assuming that those sales are processed by people buying bitcoin, doing the purchase and bitpay immediately converting it back to fiat for the vendor. That argument falls down for a couple of reasons:
a. People holding bitcoin before the purchase, will probably still want to hold an amount of bitcoin after the purchase, so will top up by buying with fiat.
b. People who were not holding bitcoin before the purchase probably converted more than they needed for the purchase, so are left as bitcoin holders and potential bit buyers (now that they have tasted it).
c. Some vendors have openly stated they are NOT converting their earned bitcoin to fiat
All three of the above will cause increased demand on the available bitcoin pool, so force the price higher!
On the other hand, the majority of the bitcoin supply is being hoarded and this portion will drop as spending opportunities increase, and that will cause the price to fall as those dormant bitcoins are returned to active duty. Furthermore, this drop could even trigger a crash if it is strong enough. The question is which factor has the greatest impact. See if you can spot the stupidist bitcoin statement of all time, it's about 1min 42 seconds in! I think he gets his investment advice from the same place he gets his spray on tan!  I believe it is very astute for that commentator to mention this possibility. I hope some people in this thread might have actually learned something from him. |
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The California bill does not make Bitcoin legal tendency (or tender). Read the bill.
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There might be benefits to others, but there needs to be an incentive for the pools themselves. Reduced variance is a benefit for a small pool, but why would a big pool want to join?
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Don't use faucets. They are waste of time.
No its not.. 5500 satoshis is worth about $0.03. If it took you more than 10 seconds to "earn" that then you are making less than U.S. minimum wage. |
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Do some research on Coinabul before you send them any money.
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I have redeemed a few of them...bought them when BTC was $400ish and then we spiked to 1k+ so I cashed some out. The coins were funded with no issues when I redeemed them. I only purchase the private key versions...not tried the 2 factor.
Thanks for the info. |
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Has anyone redeemed any of these coins? Can anyone verify that they are actually funded?
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This bill does much much less than you think. Here is the bill: AB 129, as amended, Dickinson. Lawful money
Existing law prohibits a corporation, flexible purpose corporation, association, or individual from issuing or putting in circulation, as money, anything but the lawful money of the United States.
This bill would repeal that provision.
The people of the State of California do enact as follows:
Section 107 of the Corporations Code is repealed.
Here is section 107: No corporation, flexible purpose corporation, association or individual shall issue or put in circulation, as money, anything but the lawful money of the United States.
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Thanks for the reply, so what does hard fork entail? Would it be able to resolve the initial problem though?
The network will take up all of the damage that happened up until the moment of the hardfork, after that moment everything will be back to normal unless the new algo will have a backdoor as well. That's a very optimistic scenario. You forgot the part where everyone panics and sells because they don't want their life's savings stolen. |
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There are 2256 public/private key pairs. There are 2160 bitcoin addresses. So, for each bitcoin address, there are 296 public/private key pairs that produce it.
To find the private key for a particular bitcoin address, you may still have to search up to 2256-296+1 private keys because you don't know which ones give duplicate addresses. However, assuming everything is randomly distributed, the probability of any private key generating a particular address is still 1/2160.
I make the distinction, because it is possible that you could try all private keys from 1 to 2160 and still not find a match. It is possible for all of the 296 keys for that address to lie somewhere in the range from 2160 to 2256-1.
#1 is not necessarily correct.
#2 is correct.
Also, remember that 2256 >> 2160 >> 296
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Brand new to the forum and fairly new to the world of btc. Over the past several months, I've been purchasing as much btc as my budget will allow. I know this is a terrible question....but Is the current price to high for me to continue purchasing? I know there is no right answer and the future can not be predicted, but I am really just looking for your guy's opinions on whether I should hold off for now.
Would appreciate any wisdom that could be dropped on me.
Words of wisdom: Read the hundreds of other threads that have already been posted on this question before posting yet another one. |
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If Bitcoin required the use of a piece of steak, I think vegetarians, vegans, and animal lovers around the would would revolt and it would never become adopted.
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Bankruptcy cases take years to resolve.
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I recently came across the terms BIP32, BIP39 and BIP44. What are these ? I understand BIP is Bitcoin Improvement Proposal, which is kind of RFC for the internet. But what does these 3 specific protocol speaks about ? I checked https://en.bitcoin.it/wiki/BIP_0032 but did not get anything !!! Is there an easier explanation to these ? p.s. I was looking for the CarbonWallet source code on Github and found on this forum that it requires to implement BIP32, BIP39 and BIP44. BIP-0032: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawikiThis document describes hierarchical determinstic wallets (or "HD Wallets"): wallets which can be shared partially or entirely with different systems, each with or without the ability to spend coins.
BIP-0039: https://github.com/bitcoin/bips/blob/master/bip-0039.mediawikiThis BIP describes the implementation of a mnemonic code or mnemonic sentence -- a group of easy to remember words -- for the generation of deterministic wallets.
BIP-0044: https://github.com/bitcoin/bips/blob/master/bip-0044.mediawikiThis BIP defines a logical hierarchy for deterministic wallets based on an algorithm described in BIP-0032 (BIP32 from now on) and purpose scheme described in BIP-0043 (BIP43 from now on).
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Well since that 10,000 btc wasn't on the market anyway and was stored away "safely" in your wallet no one would be the wiser except yourself.
Since the 10,000 BTC would eventually have been spent, it's loss will have an effect. |
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My favorite is "Let's Talk Bitcoin". It is fairly technical, but there are other related podcasts on the LTB network, such as "Bitcoins and Gravy", that are less technical.
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