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I have seen it everytime in random forums, when Bitcoin starts going up everyone starts panicking about lossing the boat and ask how they can buy in, when it corrects, then think "oh well its over". You can't reach idiots, they will never know the fact that you have to buy and hold to win because this is a long term race
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The way to protect yourself from anonymity is not making the address public attached to your real name. Of course the problem comes when for example you want to receive donations in a legitimate way showing your real credentials. This is why we need CoinJoin in every wallet every by default and confidential transactions ASAP.
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We already see the overwhelming majority (~92%) of the hashrate coming from one source (address: mqkpEhkPbbtnmqqy1Dobuvq9Wnaytc458k), bigger blocks will be allowed @ 2015-11-09 15:31:00 GMT which is less than 3 hours away as of posting this. The current backlog is more than 300k transactions according to https://www.blocktrail.com/tBTCWould you consider this a proper test, given that almost all of the testnet's hashrate is coming from a single source? Should we assume that the owner of the hashrate is honest? Obviously paid by someone with an agenda to be sure that blocks are raised so they can centralize nodes and control Bitcoin. Anyone going for big blocks is just missing the point or wants to control Bitcoin. |
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Good news, but if I wanted to get paid on Bitcoin I would just give HD addresses and get paid over there. Why the need for a third party? I want my money to be send to me directly from p2p.
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I don't know how they could hand out a nobel prize to an unknown person.
+1 because bitcoin is anonymous so the creator of bitcoin. explicitly we won't ever know who he exactly is. Bitcoin is not anonymous, it's pseudo anonymous at best. We need a lot of work to do before we can call it proper p2p cash. Let's hope that Bitcoin is way more anonymous by default before it goes mainstream. |
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The #1 reason is fear mixed with lack of vision. Most people are idiots that get in just to get some extra money to drop on beers at the weekend. Not everyone understands the implications of Bitcoin, therefore, few will be the ones that own 21+ BTC in 10 years.
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Everyone with some grey matter left knows that touching the total supply would effectively kill Bitcoin, therefore is a non issue, it's not gonna happen. One of the main points of Bitcoin is the limited, controlled, no-bullshit finite supply. 21 million is perfect as it is. And yes, 21 BTC will put you in a privileged position in one or two decades.
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it only takes a couple of whales moving their wealth inside the ecosystem to skyrocket it.
You don't get millions without being rather canny. All that would happen is that said whale would enrich all the hostile brats who are currently trading by buying all their coins and then they'd turn around and destroy the value of his coins. That reminds me of someone who was bigging up an alt. He said 'the market cap is so and so. Imagine what would happen if someone put the proceeds of their house sale into it.' Yup. And what if two major holders fancied houses on the back of that rise. Twenty million new people wanting pin money in coins is vastly more powerful and sustainable than a couple of players with big bucks. That just replicates the same old shit at a higher level and scares away the regular folks it needs. Alts are a joke. Bitcoin is starting to be seen more and more as the ultimate tool to get your wealth off the dirty hands of governments. When everyone gets their ass Cryprus'd, scale it to a global level and the price will rise a lot. And once it does, a ton of players will follow. |
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We are back to 380-390, pretty damn strong of a support, you guys are insane to think we are going down anytime soon. Everything is looking more and more bullish, positive news everywhere.
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I think avatars are not well valued enough. It's a big part of the screen that you cover with an avatar, and they also ask for a minimum amount of required posts. I think 5 USD is not enough to sell your avatar for.
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Faucets are a waste of time. You can barely earn 1 cent a day from them. I think they are good for new people to test the bitcoin client and see how stuff works.
I don't understand how faucets could be bad for bitcoin.
Thanks to faucets, I started getting interested with Bitcoin because they allowed for me to experience it on first person, with actual transactions and for free. Now I have more than 1 BTC and faucets made me stick around. |
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Really interesting figure in the Bitcoin world, interested to see what's being asked, I may register myself. I think this guy, even if he genuinely wants to help, is nothing but ruining Bitcoin with his vision.
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When there is a very high uptrend, it always correct. So yeah, the guys that sold at 500 can celebrate, but they could have fucked up big time if it kept growing to 1K and beyond. They eventually will. Moral of the story: just hold.
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China is behind pretty much everything that has go to do with Bitcoin at this point. If you are not aware of this already you should do some research. China will be the king of BTC as a country if they keep being mining leaders (even if the idiots go and ban it, the miners are addicted to Bitcoin at this point).
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I would have never guessed that we would end 2k15 with a price higher than 300 to be honest, so anything above 300 means goods new for me. I just hope it stays low because the lower it says the easier it is to keep making more BTC.
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Its definitely getting better at the mainstream level. I still remember the first time I heard on Bitcoin about the big price surge of the MT Gox exchange and the questions of the journalists were always about drugs and stuff.
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I would like to see at least an average of 10000 nodes being operative. A recurring argument for Bitcoin haters is pointing at the declining number of nodes. We need to do something so more people starts supporting the network with nodes all over the planet.
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Yeah, the only gains they could make is any physical cash that is stored inside the machine if they manage to open it. And of course, they can always resell the materials I guess. Overall not worth the steal.
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An app like that would need to have access to the blockchain, im not sure if this could be done if it's not all under the same api like, wallet+blockchain explorer (blockchain.info type)
It sounds really cool and im interested tho.
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This is just a very healthy correction. We are coming from low 200s all the way up to 502, and right now we are back at 411 and it just resists to go any lower. I can't wait to see how the price looks like on January 1 2016.
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