Be very wary of purchasing these gift codes. They are typically purchased with stolen credit cards or stolen accounts. Netflix cancels the subscription when the payment for the gift code is reversed.

Be very wary of purchasing these gift codes. They are typically purchased with stolen credit cards or stolen accounts. Netflix cancels the subscription when the payment for the gift code is reversed.

Be very wary of purchasing these gift codes. They are typically purchased with stolen credit cards or stolen accounts. Netflix cancels the subscription when the payment for the gift code is reversed.

Be very wary of purchasing these gift codes. They are typically purchased with stolen credit cards or stolen accounts. Netflix cancels the subscription when the payment for the gift code is reversed.

Be very wary of purchasing these gift codes. They are typically purchased with stolen credit cards or stolen accounts. Netflix cancels the subscription when the payment for the gift code is reversed.

"Whoever comes up with lowest local minimum within 10-minute block time gets block reward."

How do you get around the need for synchronization, or detect someone spoofing the timestamp?

Very possible. If a few million people create brain wallets that are easy to remember, the chances of two people coming up the same private key is high. If two people create the same key, then they share it and can spend each other's bitcoins. Checking the address won't help if you are the first to send money to it.

Read this for more information: https://bitcointalk.org/index.php?topic=323055.0

What a worthless site. Who writes articles about Reddit posts? Someone that can't spell "customer", that's who.

"Costumer"


"Customer"

The price can't go to infinity because then I could buy everything in the world with a single satoshi ... and so could everyone else.


My 40k$ worth of purchased bitcoins will always be worth double your 20k$ worth of mined bitcoins regardless of what happens to the difficulty. Spending 40k$ to buy 20k$ worth of newly mined bitcoins makes no sense when you can buy 40k$ worth of previously mined bitcoins.

It is ironic that the fake coin on Ebay costs more than 1 oz of silver.

If nobody wanted that bitcoin, then it might be worth 100...000$ to you, but it would be worth 0$ to everyone else.


If miners stopped selling mined bitcoins, there would still be 12 million bitcoins. The price would not go to infinity. Are you claiming that when the last bitcoin is mined, the price will go to infinity or zero?


A sane person would use 40k$ to buy 40k$ worth of bitcoins instead of buying something that will mine only 20k$ worth of bitcoins.

First you have to explain your goal, and then explain how taxing miners will accomplish it.

End word hunger! Tax computer users! What?

It is important to note that adoption itself doesn't affect the price. It is the effect of adoption on supply and demand that affects the price. It seems obvious that increased adoption will increase demand, which will cause the price to rise. However, increased adoption could also increase the supply of bitcoins available to spend and reduce the demand, and that would put downward pressure on the price.

Here are ways in which increased adoption could increase the supply or reduce the demand:

1. Velocity -- increased adoption will make bitcoin transactions more liquid. Fees will drop and it will become much easier to obtain bitcoins and exchange them, and there will be less need to hold them. So, where it now takes 11 million BTC to power the economy, in the future it could take much less. Demand will drop as a result.

2. Fractional reserve banking -- At some point when Bitcoin has become more mainstream, a fractional reserve banking system may develop and the supply of bitcoins will double or triple, or more.

3. Reduced savings -- As the exchange rate begins to stabilize, the return on holding bitcoins will drop and people will be less inclined to hoard them. Spending hoarded bitcoins will increase the supply.

I don't think anyone threw him under the bus -- I think he walked in front of it.

Coinbase and Bitpay and their VC investors start rumors like this to pump up business. Max Keiser passes these rumors along because it is good for his business too.

While it may be possible that Netflix will eventually accept Bitcoin, it is unlikely for a very simple reason. Netflix depends on subscriptions and people paying every month whether they watch or not. People paying bitcoin would have to decide every month if they want to pay or not, and Netflix would lose subscribers every month.

One solution would be to sell 1-year subscriptions that could be refunded at any time. They might also accept bitcoin in areas where credit card fraud is high and where credit card usage is low.

People that care only about the price of bitcoin are no better than the Wall Street banksters that it will replace.

I think both sides are both right and wrong.

The basic arguments are:

Believer: "Bitcoin is a huge boon to the poor and unbanked."
Skeptic: "Bitcoin is too small, volatile, and inaccessible to be useful to the poor and unbanked."

I believe the truth lies between the two extremes:

Skeptic: "Bitcoin is currently too small, volatile, and inaccessible to be useful to the poor and unbanked."
Believer: "Bitcoin will be a huge boon to the poor and unbanked when it becomes bigger, less volatile, and more accessible."

This has nothing to do with how currencies work. It is basic microeconomics. Price affects mining because if the price drops, then fewer people mine because it is no longer profitable for them. The difficulty drops and the costs go down. If the price rises, then more people mine because they can now make a profit. The difficulty goes up and the cost goes up. In the end, the cost of mining is around the value of the bitcoins mined (in theory).

Now, please explain the mechanism behind how the cost of mining affects the price. Keep in mind that the amount of newly mined coins is only a small fraction of the trading volume on the exchanges.

I don't understand why people continue to cling to your belief. Perhaps it is because the miners that are currently mining at a loss (which is most of them right now) pray that their mining will cause the price to rise so they don't feel so bad about it.


Scarcity is a factor, but you have to be careful because demand is an equal factor. If there were only a single bitcoin it would be extremely scarce, but if nobody wanted it, its value would be 0 despite its scarcity.

It may be climbing, but it is still less than half of what it was after the Bill Still/Max Keiser pump in December.