We(LAToken) are building a platform that will allow people to tokenize real estate(do an ICO of your house), cars, art-work e.t.c. This mainly allows us to unlock the value of illiquid assets. Let say making a whole new economy on this market, creating liquidity in an old market with very low liquidity and all financial instruments based on securitization. Blockchain allows us to make the transactions peer2peer, fast, transperent, global. You can get some more info here www.latoken.com (this might look like a plug but we really want to get some feedback from the community and it would seem wierd to put our whole executive summary here) We are getting ready for our Token Sale and would love to hear your thoughts on this subject and feedback about our project. I think making tokens popular in huge markets like real estate will push the demand for cryptos as a whole and drive in education on the matter for average citizens that won't care about them otherwise. What do you guys think? You can already do this on Ethereum or any other blockchain that supports tokens, yet there is no mass tokenization of real estate or other assets. Just as the blockchain technology itself, tokenization isn't needed in every sphere of economy, ICO's are currently very hyped (although recently they have crashed quite significantly), but soon people will start realising the problems surrounding it. Blockchain allows immutable and trustless transfer of money, but not physical goods or services, so tokenization in many cases doesn't improve anything. |
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Nope, anyone who owns Bitcoin is already a Bitcoin user. Period. It doesn't matter if you run a full node, mine or just hodl, what really matters is the market, people will judge what chain is worthy, and miners will have to mine it if they want to operate in profit. So, if August 1st will result in a split, users will decide what chain is the real Bitcoin, not some privileged miners. What you are proposing here is just increase of centralization, and the current situation is already not very good.
having coin on a privkey and thats it.. is meaningless.. no matter what the vote is your always going to have 'coin' having coin makes no difference to the network structure direction or security. it definitely doesnt make you as important as being a miner, pool, economic or active node. EG if there was a split. even satoshi who has not been around for 7 years will have 'coin' on both sides That's right, users can't prevent any splits, but what they can do is trade on the exchanges, and this will form the price for both chains, and ultimately miners will have to mine the coin with the highest price, because in the end miners only care about USD profits. Forkers will try to prevent this by not releasing replay protection, so people can't split their coins, but it will get fixed eventually. |
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All so called 'active user' (UASF) here are either just small Hodlers or Trolls.
why?
Satoshis first job as a real USER was: launch a miner ( full client )
All following code / task splits were only to optimize things and share tasks ( miner, node, wallet, hodl ), but the biggest users invested most in mining also because of incentives.
So to claim to be a full Bitcoin user, you should :
Run a full node, mine and hodl. Be a maximal supporter of the network and scale the shit!
Just runnign a Rasp PI and own less than say e.g. 1 Bitcoin is nice and a good start, but does not qualify enough to say : full user.
Finally, these full users should also do full risk checks about any code, hardware and all the rest and decide what to set into production -> their risk!
BTW, beeing a miner safes your ownings best!
Nope, anyone who owns Bitcoin is already a Bitcoin user. Period. It doesn't matter if you run a full node, mine or just hodl, what really matters is the market, people will judge what chain is worthy, and miners will have to mine it if they want to operate in profit. So, if August 1st will result in a split, users will decide what chain is the real Bitcoin, not some privileged miners. What you are proposing here is just increase of centralization, and the current situation is already not very good. |
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This "shocking" information is kinda useless, because very few, if any, people hold Bitcoin since 2010, selling Bitcoin below current $2500 zone may seem stupid now, but no one knew how much will it rise until it crash (like in 2013), so it totally made sense for early investors to grab some nice profits. It was also very hard to even get knowledge about Bitcoin in 2010, because it was off the radar of most media, so unless you were interested in cryptography and p2p networks, chances are you won't hear about Bitcoin at its early days.
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My question is simple.
Why anyone are nervous about the segwit2x hard fork part and not support this guys to fork off from network forever.
I dont think the fork chain will survive without skill devs and without majority of users to support it.
Will be a very risk business for the forkers to maintenance their network and to survive in long term especially without skilled developers.
In the other hand Bitcoin devs, users and everyone in bitcoin ecosystem imo must support them to fork off from network.
After their fork this silly non tech and conspiracy theories noise will go away and bitcoin will return and focus to tech innovation.
The future of bitcoin is great and will be much better without shadow characters like Jihan, Roger Ver, Garzik, Gavin, Wright.
First, some people are very nervous about every price drop, they are only satisfied when Bitcoin grows without drops, which is stupid and unrealistic. Also, forkers have a lot of hashing power, so they could screw with Bitcoin if they wanted too, although they will not succeed in the end, they could do a lot of damage, and who knows, maybe they are crazy. Forkers might actually try to claim that their fork is the true Bitcoin, and the other chain is an altcoin, which will cause split in Bitcoin community, as some people will be supporting them. But it seems that as of now most users support Core, so forkers will probably fail here. |
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It is always tough to finish a transaction these days without paying a considerable amount. Otherwise, your coin will be paused and clearing them will be tedious process.
You can use this site - https://bitcoinfees.21.co/ to choose what fees you want to use, and the fees themselves are relatively flexible - you can pay very high fees and get confirmations within 5-10 minutes, or pay less and wait longer. There's no need to fear that your coins will get stuck and lost if you pay smaller fee, I once paid 25 sat/byte and waited for almost a month (this was during recent spam attack). I think some users are pushing fees higher because they want instant confirmations, even though they might not actually need it and could have waited a couple of days instead. |
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I think it's wrong to assume that people who deny Bitcoin's problems all come from first world, mostly it's just blind optimism about their investment. And as for adoption, it doesn't even matter if someone is from third world country or from first world, Bitcoin will not see any mass adoptions anywhere if the fees will keep growing, there are many other payment systems that work just fine. This will mean that Bitcoin as a currency will be mostly used by criminals like hackers, drug sellers, terrorists, etc., which will be very bad for Bitcoins reputation.
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Bitcoin is very much useful,i think it is future currency.bitcoin is not handling by any government.this is decentralized also.it is very useful to fast and secure transactions.bitcoin is more profitable to investors,it is very useful to this internet world.according to my view many people love this bitcoins.
That is true! I don’t think so bitcoins are useless in any way. There are innumerable advantages of using bitcoins, then how one can call them useless. That would be really unjust to bitcoins’ services. Bitcoins are decentralized, highly transparent, offer easy transactions etc. what else one need. Bitcoins are the future currency of world. I think blind crypto-optimism actually hurts Bitcoin community, the thought that Bitcoin is perfect and soon all of humanity will open their eyes and adopt it is so naive. People don't massively use Bitcoin because current fiat systems work just fine for them, most people don't understand the benefits of decentralization and immutability, and even those who do decide that the costs of using Bitcoin in terms of fees and volatility are outweighing those benefits. In order for Bitcoin to become the world currency, it must become better than fiat in all aspects. |
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As per coinmarketcap website, we have 970 crypto currencies available at this point of time. If we sort the list by clicking on Change (24h) column, I can see that price of only 13 coins were increased in last 24 hours. Rest all coins are facing the depreciation.
Even bitcoin price is standing at 2359 USD at this point. Are we moving towards a Global Crypto Currency Depression? What's causing this massive depreciation?
During May many cryptocurrency increased 10-50 times in their value, and anyone with economic background would tell you that this is unstable. To put it simple, if something grew too quick, it will probably also fall quickly. If you compare current prices with pre-May prices, they are still way above them. Now, here some advises for worried newbies: avoid buying at the top; don't be greedy while expecting that the price will rise even more, instead close your positions if you see that the market is slowing down; never trade with sums larger than you can afford to lose. |
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https://github.com/btc1/bitcoin/issues/65#issuecomment-314221337Developers are so incompetent that they propose a secret testnet, so it doesn't get attacked. Fantastic! Just like Buggy Unlimited clowns resorted to closed source development to get a patch out, now these morons want to do closed source testing, for a totally realistic and robust test only to hardfork in a matter of a few months. Anyone supporting this mess is losing it or is being paid to do so. This is what happens when people (miners) get way over their head because they are blinded by greed. Many people here are scared of hard forks, checking miners signalling every day, but in the end it's users and holders of Bitcoin who has the ultimate power, we decide what coin we want to use, what dev group to trust, and until someone presents a dev group more skilled than Core, there will be no successful hard forks. These things make the bitcoin value change. And they already start having issues in something that they want to implement. They should have done a vast test before just going out with problems still to be solved
That's right, this is greatly affecting the value of bitcoin and the entire altcoins. They are moving in the same direction, and they go down too deep, causing many to lose a lot of money. It's very speculative to tell what exactly was the reason for the recent dump, it could very easily be just a simple bubble bursting. People lose real money only if they have bought at the top, otherwise it's just an opportunity loss, and most people who bought just a few months ago are still in green. |
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According to the website https://coin.dance/stats males make up 97% of the Bitcoin community. Why is the Bitcoin community dominated by guys? Because there are very few women in STEM (Science, technology, engineering, and mathematics). Feminists argue that men in those fields are biased against women and don't want to accept them, opponents argue that women naturally less interested in STEM disciplines. So, if you want to understand why there are less women than men (even though the data in your link might be incorrect), you should search for "Women in STEM" in general. |
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Nothing gets on my nerves more than hearing "Bitcoin is an investment". Bitcoin is not an investment, Bitcoin is money. In fact, everything other than gold and Bitcoin is simply credit. Money is supposed to enrich, not impoverish; yet, inflationary credit (fiat) has done nothing but robbed the saver, the worker, and the retiree of his/her purchasing power while enriching Wall Street and asset holders. Bitcoin, unlike credit, is not inflationary, but deflationary. The price of Bitcoin doesn't rise, the cost of goods relative to Bitcoin falls. As long as our monetary system is not rooted in private property ethic, that is, banks are allowed to lend "money" they do not have (conjured from thin air), the economic boom and bust cycle will only continue to grow in severity. Anyone who has read either Ludwig Von Mises or Rothbard's work is familiar with the concept (for more on why Bitcoin is money, and everything else is credit, I highly recommend What has government done to our money? by Rothbard, available here for free: https://mises.org/library/what-has-government-done-our-money). People aren't investing in Bitcoin persay, but rather, riding off the enriching effects of price deflation, which has existed in the US before the creation of the Federal Reserve. Bitcoin has all the properties of money, and in my humble opinion, is a better monetary unit than gold. Thoughts? What do you see Bitcoin as? Tzadik Bitcoin at its current state has several disadvantages that make it a very bad form of money - transaction fees make small transactions (below $200-$100) very expensive; volatility makes it risky to hold and receive as a payment; confirmation time can also be an issue, as sometimes instant transactions are required for business. All these factors currently outweigh potential benefits of Bitcoin for most users, so people still haven't started mass adoptions, despite Bitcoin being here for 8 years already. |
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I think voting by coins is more or less unfair and nowhere a democratic system. Your vote is affected by your wealth.
Voting by address is more or less complete stupid, because you can generate as much as you like.
Voting by hashpower is centralized.
Voting per full node? Can this be implemented, or can this be manipulated ? (I know you can add a comment which your node is brodcasting, but that´s not really voting)
Is there any other way how we could realize a democratic system for the votings? (f.e. per id like political votes in democratic systems, without revealing your id ?)
It's impossible to have a perfect voting system, because voting itself is imperfect - losers are always going to be unsatisfied. In democratic systems it will be the minority, in plutocratic systems it will be the poor. So, it all comes to your understanding of fairness. I think voting by coins is the most fair, because big holders risk more, and it would be unfair if some people who have a few satoshis have the same power as people who took multi-million risks. |
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since when are we discussing the statements from faucets regarding bitcoin and hard forks?  Maybe they are not very influential in terms of number of coins held, but still they are a part of Bitcoin community, and it's interesting to know their stance on possible fork. If I understand them correctly, they essentially said "we will call Bitcoin whatever chain will have the most mining power". Exchanges took a different stance - they will call Bitcoin the chain developed by Bitcoin Core. Many new users are confused about the possible fork and what chain should they support, and in some cases it might be services like faucets or exchanges who will influence the users in their opinion about the fork. |
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as we are know, now everyone is panicking about segwit 1 August, bitcoin and altcoin price go down drastic  So my question why there should be segwit ?  Whether bitcoin can not run without segwit ? Seems like you, and many other people, especially newcomers, are very worried about every price drop, and try to figure out the cause of changes. First, you should always keep in mind that cryptocurrencies are very volatile, they can rise and fall by dozens percents per day, so if you own some Bitcoins and altcoins, you are always at risk of losing some money due to drops. This is the risk you take for a chance of getting profits from price rises, and if you are not ready to take this risk, better not trade at all. |
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Since Bitcoin is a community the developer dont just make changes to the codes without getting a consensus in the community particularly the stakeholders. But in essence developer can deploy codes but miners play a significant role for they are the one who have the computers/hardware to process the transactions. Do you think we have a monopoly in miner?
I think miners need to cool off a bit, they are not some benevolent Bitcoin enthusiasts who secure the network for free, they mine because of profit, and since more and more people join the mining scene, some miners started looking for unconventional methods to boost their profiits - asicboost, spam attacks, fork threats, etc. So, users should stop looking up to them as some titans who hold Bitcoin on their shoulders, miners are just hired contractors, and they are not in position to dictate what Bitcoin should look like, it's the job of developers to release new updates, and the job of community to judge them. |
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JihainCoin, or any other altcoin derived from an hypothetical Bitcoin hardfork, are dead on arrival. Nobody with money worth mentioning is going to hold their wealth on the non-original blockchain. The only way a hardfork would work is if there was 100% consensus and clearly there isn't. From a technical perspective the segwit2x is the dumbest thing since the rest of takeover attempts (xt, classic, buggy unlimited and now this)
In OP's hypothetical situation, this new chain wins and is the longest. Now the question is, would you risk it all on a losing chain? Would like to see your coins on the older chain being unaccepted by merchants? It's like asking if you'd keep being on the fork that perceived as "wrong" in both of these cases. Anyways, this is counter productive talk. Speaking in worst case scenarios is what we don't need at the moment. But it is indeed for for thought... I don't think that users care what chain is the longest, people (regular users, traders, investors, business operators) only look for developer group, and right now overwhelming majority of bitcoin community supports core. So everything that any other parts will create will be treated as an altcoin. Maybe there will be some very ugly "mining war" against Bitcoin, but it will survive, because support of users is what truly matters. |
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Hey Bitcoiners? I'm desperate to start earning BTC
I'll do any kind of online activity as long as there's a Bitcoin payment. Where do I start?
Visit XBTFreelancer, people post lots of new projects every day, and if you'll check it regularly, you will be able to find some jobs suitable for your skills. The platform features in-built escrow system so you won't get scammed if you do everything correctly. This place can be very competitive for freelancers, but it's much better than collecting dust from faucets or doing other "microjobs" that just burn your time. |
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Hi guys!
It has been a few crazy months for bitcoin and its price. Did that affected your gambling activities? Are you considering switching to for example Etherum?
What do you think is the greatest advantage and disadvantage of bitcoin gambling?
Yours OshiHugo, oshi.io casino CM
Ethereum's price has encountered huge volatility recently too, and overall gambling with cryptocurrencies has double risks/rewards, because the price of a coin might rise or fall after a player deposited it, and shift the total value change of a gambling session to either side. But Bitcoin is a bit less volatile that altcoins, so it's safer to use it for gambling. As for fees, it can be solved by depositing larger amounts once per month, for example, although it requires more self-control to not spend it all too quickly. |
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I have seen some restuarant accepting bitcoin as payment mode even after year not even single transaction done. And also some apps and games were giving payout using bitcoin they also stopped because of recent transaction charge.
Sad, but true. Many places which were accepting Bitcoin turned it down recently because of the high transaction fees or very slow transaction if the fee is low. But it looks like the situation is improving. Right now you have to pay around 61k satoshis for a fast transaction instead of 80k+ in the recent past. The situation has improved, because the spam attack was stopped, not because of some updates. Although this attack is used by some people to push their agenda, it's a good model of what will happen when more people will start using Bitcoin. This means that Bitcoins future depends on whether developers will succeed in solving the scaling problem, or if Bitcoin will be forced to be just a digital asset, which is not the end of the world for Bitcoin, because it will still be very useful. |
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