making it able to black list any address, makes bitcoin worthless.
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its like making it able to have anyone hack your bank account and put your balance to 0... no one would touch banks if that happened.
because there is no central authority to ensure only a certain account is frozen. allowing the protocol to let anyone delete coins will truly destroy bitcoins.
dont be stupid and mess up the protocol simply due to an emotion.
if you want to do something practical, contact all fiat exchanges flashmob style and request that the exchanges do not accept a fiat withdrawal from accounts using the known bitcoin addresses.
make it a bitcoin business ethics rule to blacklist.. not a bitcoin protocol rule
I don't think this would make bitcoin worthless, it would just make it worth much less. It would make it so people would not want to associate their address with them personally out of fear that their opinion could piss enough people off that your coins would be blacklisted. This would make it extremely difficult to do commerce. |
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that's why, at the end, the gov can only tax the FIAT movment ... and not when you pay merchandise and employees with bitcoin and receive bitcoin from customers.
Overstock take this way ...
Is overstock paying their employees and suppliers in bitcoin ? They can't force their employees and suppliers to accept bitcoin. If they do not want to be paid this way and overstock is only willing to pay in bitcoin then the suppliers and employees will simply not work for overstock. I did read an article that said that overstock was planning on paying some bonuses in bitcoin. |
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Assume every government organization and every private organization is spying on any/every Bitcoin organization. Information, like all other tools, becomes a weapon in the hands of a capitalist.
It isn't capitalists that people should be worried about. It is the government that you should be worried about. When you spy on people like this people are often prosecuted simply because they associate with a certain group of people. |
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This isn't exactly the most ringing endorsement, because by portraying bitcoin as the other side of the "barbell" against blue chip stocks, he's suggesting it's the hyperaggressive high risk portion of the barbell strategy. Probably pretty accurate advice, but the implication is probably not what people invested in bitcoin necessarily want to hear.
Bitcoin does have a very serious amount of risk. It is far from a sure thing that bitcoin will be viable 10 years from now. There are a number of things that could impede the sucess of bitcoin, namely the amount of regulation by government. |
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In theory the rate of difficulty increases will slow down as the rate of efficiency of miners (in terms of W/GHs) starts to plateau.
Although there is not a difficulty limit in the Bitcoin protocol there is a theoretical limit as to how high difficulty can rise to. The difficulty will likely not rise to above a rate at which electricity costs would exceed the expected value of the bitcoins mined.
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pls make the blochain faster im fedup of waiting 100 confirmations i fought bittcon woz supposed to be instant im waiting half a day to convert them to doggiecoin
the blockchain speed of 10 minutes is really the most optimal speed. With shorter block times you will have more orphans and more incentives for miners to try to build on their orphaned blocks to make it so they are no longer orphaned. As a result a TX with 1 confirmation on the bitcoin blockchain is much more secure then a TX with 10 confirmations with a 1 minute block time on a hypothetical coin |
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I never use the ignore button. And even with activity in mind, I doubt you could stop people from using sock puppets to get others banned. There is already a "report" button if someone is spamming.
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Thanks for the post, look forward to the final results.
I think it's premature to assume that the price was at a discount to the market price on the exchanges.
I'd say it's true both ways. I have no idea how so many people seem so sure either way. |
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Everybody bullish yet? Good, we might be ready to drop again.  |
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fuck BTC, i was hoping to buy some cheap BTC today  You had a chance for cheap, right before the auction ended, you had an opportunity for $575-ish, and that's pretty cheap. Looking pretty toppy at the moment, to be honest.  |
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Sure, I USE my BTC -- as a store of value.  I do spend occasionally, when necessary. |
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Altcoins are NOT hedging -- you're just taking on WAY more risk. Gambling....
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Fist of all, the total borrowed (regardless of what it was in the past) is a reflection of current traded volume on Bitfinex and this number grew simply because more traders joined the platform recently. This is just what it is - Bitfinex recently became the most popular exchange for BTC/USD pair.
Secondly, ALL of the borrowed by traders funds you see are fully backed primarily by THEIR OWN funds. There is simply no other technical way to borrow, but to have sufficient amount in trader's own account and the leverage at Bitfinex is a measly 2.5:1 (this is "nothing" in comparison to a 400:1 or more offered by some Forex brokerages).
What "credit bubble"? What are you talking about? Why do you care and what is your grudge?
Do you have numbers to back up the first bolded? Compare to short swaps over the same period. And on the second, take a look at the order book. And consider order book manipulation on top of that. Consider that Stamp liquidity is gone. In a serious decline -- a flash crash that does not recover -- how much of those longs can be sustained by the book? I'd like to see some numbers since you seem so sure. At a glance, the situation is actually quite bad. |
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They will rollback the trades and everything will be just fine, no need to worry so much about cascade.
This is only true if the price on other markets returns to the point prior to when the cascade went off. If there is a differential, then that portion of liquidated traders will lose. This has been my worry for a long time. Lenders will be fucked if the price on other exchanges doesn't recover and the book is liquidated. They should have cut back on trader's margin allowed a long time ago. It's out of hand. |
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Martingale will fail every time. But once, on some free PrimeDice rolls, I grinded it up to over .15 (from like .02) and eventually turned it into > 1 BTC from trading alts.
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Do not use paypal, it is very easy to chargeback money from them.
But only accept verified accounts , thats help? It's a step in the right direction, but still highly risky. Where are you located? Have you consider LocalBitcoins for cash or bank transfer? |
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My work spam filter must suck. Starting like a month ago, I'm getting dozens of scammy phishing emails + penny stock pump and dump ones...
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8 hours and 54 minutes. Gettin up there. I'ma be a bitcoin expert and sh*t. |
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Please answer. I'm praying there are still some humane people out there.
Are you homeless now? |
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