Adding identity information to bitcoin transactions and making it possible to blacklist fund

Something that i would not agree on. As much as i want bitcoin to turn into mainstream adoption, adding some form of regulatory control may not necessarily instill the confidence and especially when it is done in the expense of sacrificing privacy. It's against the core principle on why bitcoin exists in the first place

The rest i would acknowledge the weaknesses in terms of double spending and confirmation time which pretty much we have to live with and accept as part of bitcoin. These are the areas that we can't do much considering the size of the network right now

Unless you are talking about a giant size economy, bitcoin role will be more towards like an experiment in a totally new environment. Nevertheless it still means something if it gets adopted as a legal tender in the state.

Single digit? That is unless the whole bitcoin network collapses and everything is done for good. With its current state if progress right now, it's very much unlikely.

Nothing. Everything is already there if they take some effort to understand what bitcoin is all about. I'm not talking about the technical issues here like for instance confirmation time but overall how can bitcoin function as a payment currency

Bitcoin means redefining the concept and the meaning on what we have known to call 'Money'. The concept of exchanging value without the need for a central party is perhaps the core that makes all the difference. True money is basically binded by a set of protocol agreed on by the community and nobody for that matter can change it without getting the consensus from the people who owns every share of it. Unlike fiat where money printing has become the norm, that doesn't apply to bitcoin. Here bitcoin plays the role as a quick, low cost fee, borderless medium of exchange that somehow has the potential to become the solution and again to redefine our true definition of 'money'

A complete shutdown? Have we seen the hash rate dropping after the recent lows dropping to 150 few weeks ago? I think we all underestimated the actual mining cost especially in countries where electricity is so cheap and new hardware can be churned out so fast.

Nothing is confirmed right now. It looks more like a rebound or recovery after the drop. We need to see this long term rather than jumping to a quick conclusion based on a slight movement.

I have reasons to believe this is far from over. What we see right now is just on the surface level that all we can see is everything being fine and moving well. Everybody knows the underlying core issue surrounding the crisis. Default will not mean much since eurozone economy is still big enough to sustain it but more towards the chain of events coming from exit of a nation leading to another. Nobody is happy to bail out your neighbor and how long can you continue to do that.

Well i can't agree more on the centralization part. Even the mining has moved towards that. Hopefully when the block reward gets reduced something can change towards the positive side. It's either mining operation will start to scatter around as more of these big miners decided to stop operation or become even worse when it is controlled by a single entity that have access to cheap power supply. But anyway, regardless, at least with bitcoin around it is still holds slight advantage compared with fiat.

Gambling is nothing more than entertainment and to ban it sounds ridiculous to say the least. When that is done people will still find a source of channel or another way to gamble illegally so no way can you stop this. Having said all that it's important that some form of regulation is imposed to ensure it is provably fair.

If you think the network will just collapse just because it drops below 100 then you are wrong. It's a matter on how these miners adjust and adapt according to the price change. Oh yeah and talk about hitting 100, I'm sure it won't stay there for long. Everyone is just waiting to buy at that price and that is including me.

If you bought your first btc with whatever that you have, you are basically putting yourself in difficult situation. We can't possibly know how high of a high it will get or how low of a low it will go. Basically it is about limiting your risk.

Reminds me well on what I used to learn about management principles. Companies will only survive if they adapt quickly and innovate to stay ahead in competition. Bitcoin is no exception in this case.

The calculation and value derived from the market cap can be misleading. But never mind, put that aside, what I see long term is mainly the potential. If you consider the technology, the support from the community, the integrity of the system, these are what give value to bitcoin.

You can just buy a domain, put some content on it and then write whatever you want. Whether it's a reliable source or not is another issue. I don't see similar references from other sites making that claim and if it is, I'm sure coindesk, cointelegraph or whichever big cryptocoins news sites would have reported it as well.

Just because price is going down doesn't mean that it spells the end of bitcoin. Exchangers are operating as normal. Businesses dealing with bitcoin are still there. If the price falls further, I only see that as an opportunity to get hold on more of the coins.

I don't think there will be a crash but most likely it will put pressure on the bitcoin price and push it lower. This is because miners now can decide to reduce the price and competing against each other in the open market as their operating cost has also gone down. How far that goes to influence the price remains to be seen. Don't forget that although China is one of those countries where bulk of the mining operation are located, you haven't discounted and taken into fact that places like Iceland also has large concentration of miners.

Then how do you justify all the infrastructure build around it including the payment system that businesses have adopted thus far. Never mind about miners, if a few drop out, I'm very sure there will be others willing to fill up the gap. So in this scenario how does a chain reaction or total collapse possible? Subprime mortgage crisis actually escalated to a level driven mainly by recession happening almost at the same time. One foreclosure leads to another and bad debts basically cause one bank to fail followed by another. In this scenario, I can't find any similarity if you decide to compare that to a few miners exiting?

Can you imagine the amount of funds provided just for a single country? That is €130bn and with a big "B". I wonder how they are going to pay back the sum. In this situation, ECB actually has no choice. Greece is actually not a big contributor to the whole Eurozone economy. Their exit might not even mean anything but because of the fear that one exit might cause a chain of reaction affecting other countries, things have to be done cautious. Currency speculators are waiting for this type of news just to dump the currency.

What caught my attention is this:
"zero transaction fees on the first $1 million in bitcoin sales and a 1 percent fee for cashing out bitcoin to a bank account"
I wonder why certain businesses are still very reluctant to provide bitcoin payment options. It's a good opportunity to test out the water and get things rolling.