Days after Segwit code is released in Bitcoin Core 0.13.0, Gavin Andresen is back doing the rounds arguing for bigger blocks. Anyone smell another coup attempt brewing here? I suppose we all should have seen this coming. Bitcoin is at serious risk of becoming the MySpace of cryptocurrency because it is failing to scale. https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u5mptNow he argues that wanting to validate every Bitcoin transaction is "irrational." In other words, he suggests we toss the entire full node security model into the trash bin. I HAVE done the research, your connection sucks compared to most of the rest of the world-- but why should the rest of the network be crippled because you have an irrational desire to validate every single Bitcoin transaction? https://www.reddit.com/r/Bitcoin/comments/4z70jm/bitcoincoredev_bitcoin_core_0130_released/d6u0grbThis guy is a snake. Expect news to emerge in the coming weeks regarding new attempts to hard fork Bitcoin. And remember: Always run a full node. Enforcing the consensus rules is your only security over your Bitcoin. Let's fork these assholes off our network when they try to change the rules. Bitcoin isn`t "the Myspace of cryptocurrencies" bitcoin is "the facebook". ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Btc is failing to scale because of people like this one. I don`t care about his "theory".
|
|
|
Any business ideas you can think of with bitcoin? Something online or real life/offline whatever where you can put some decent amount of BTC and it has the potential of growing?
If there is a really good idea,the guy with the idea won`t share it for free to the community because he/she wants to make profit and grow his/her own business. Just be creative and invent your own idea.
|
|
|
Everyone know that US is most country accepted bitcoin in major area and companies and the number of company accepted bitcoin are growing daily
But that not much article or post clear out how is popuplar of bitcoin in your country
This topic let sharing to us about users using bitcoin in your country
- What they normaly do with bitcoin in your country ? - Do you think your country will replace US for number of bitcoin users in near future ?
Bitcoin isn`t very popular in my country. People here aren`t very tech friendly and don`t believe in digital currencies. This will change in the future ,i guess.
|
|
|
I doubt many of you care at this moment what Bitcoin is capable of achieving.
Most likely one of the most efficient automated taxation schemes on planet Earth.
I believe many of you gamblers and builders of the Bitcoin ecosystem haven't paid a dime yet to any of your local governments (that require them).
It's starts with voluntary taxation (exchange fees and transaction fees) but just wait until just the right "Federal Reserve" type coin gets released and fully adopted.
Then be prepared to repeat history as you breathe life into the new "State of Government".
Easy money comes at a large price.
Nothing in life is free.
Are you ready to sell your seed right up the river?
So quick to lay a brick on a building that should be condemned?
WHEN LARGE FINANCIAL INSTITUTIONS ADOPT BLOCKCHAIN TECHNOLOGY IT IS BECAUSE THEY SEE ABSOLUTE UNTESTABLE POWER.
The animals start the engine and then they show the world how bad you are mucking it up then they take it over.
It's that simple.
Bagged, tagged, and taxed.
I don`t see where is the problem.Everyone has to pay their taxes. If you earnings are in bitcoins,you have to pay taxes.Bitcoin is not tax free. I`m not ready to sell my seed right up the river. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
The mining is becoming too expensive and none profitable. I think that will bring uᴉoɔʇᴉq to an end. Another problems is that there is only a few miners left controlled by a few making them controlling moondollars. It's no longer the currency of the people but a currency of the few rich companies that runs the show.....but for how long can the continue?
I have been looking at Rimbit instead since it is premined and therefore don't need the middleman with the expensive hardware for transaction validation. Instead the validation is done by the wallet's running on peoples computers. As I see it it's a currency for the people and it will stay that way. Sadly it's still fairly unknown.
Time will show how long moondollars survive but my guess is not more than 3 years......please challenge that statement with serious arguments.
This is another "bitcoin is dying,here`s the alternative" thread. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Why do you care about mining OP?Sooner or later btc mining will stop. This is part of the whole bitcoin concept. Bitcoin can day next week or maybe after 10 years.Nobody knows.
|
|
|
Let's one of your friend say he/she (for simple reference, I will just use 'he' throughout the thread) just know about Bitcoin. And he purchased some Bitcoin and invested some of it to cloud mining site. What will you say to him? Would it be nice for you to tell him to stop? Or let him learn online scam the hard way?
That would be a very nasty story. Let`s say i told my friend about bitcoin,but never told him about btc scams. This would be my fault,i guess.
|
|
|
Something not so good is in store for Bitcoin.
As the price continues to decline and more and more "bad news" creeps in about exchanges being insolvent due to hacks or from fake volume/manipulation the Bitcoin community will finally have to deal with what I like to call Phase 33.
For those of you paying attention to the entire life span of Bitcoin it is hard not to notice the parallels between it and the current economic scheme.
You could almost say that Bitcoin is like a simulation preparing us for the real world.
If Bitcoin were to be digital gold then it is easy to see how the altcoins are like all the fiat currencies of the world.
Currencies that are pegged to the value of Bitcoin.
These altcoins are a mess though similarly to the way the worlds fiat scheme was a mess until the Federal Reserve Note (US Dollar) came into existence in 1913.
There is one altcoin though has been lurking for quite sometime just waiting for the right moment to strike.
It has been scheming a way to enter the hearts and minds of the Bitcoin community for quite some time now.
Making big promises on decentralization and anonymity it primarily lives in the house of Rothschild (aka Poloniex).
The fact of the matter is that this coin is nothing more than another pump and dump sponsored by "The Architects" of our time.
They are slow and cunning and will stop at nothing to mirror what their fathers have taught them.
This coin (which coincidently started rising after 4-Jul-2016) has been utilizing the same scheme as the Federal Reserve.
They will use nodes to keep you "anonymous" but that is far from the truth.
Instead what you can expect is a mapped area of dissenters for sale to the highest bidder.
Unless you stay in the Bitcoin ecosystem you will not actually remain anonymous.
It is only a gimmick.
If you look at the US Dollar and all the fiat currencies of the world you know that eventually it is always about control.
Remember everything has a price.
Many people in the forum will praise Poloniex because it is an exchange in the United States.
Don't be fooled though because it is nothing more than a trap for bees (Polon = Pollen).
Once enough are collected the Queen coin can reign supreme.
If Phase 33 actually comes to fruition be prepared to go upside down.
Be prepared to repeat history if greed wins again.
Be prepared to be taxed, bagged, and tagged.
Yes,bitcoin is vulnerable to such attacks and bitcoin has disadvantages,but i will continue to use btc. People believe in bitcoin and this is the most important thing. This is the real bitcoin value.
|
|
|
We must build a new exchange rate system based on the quantity of money in existence. For example the bitcoin/U.S. dollar exchange rate should be: 1 bitcoin = 500.000 U.S. dollars because all the U.S. dollars in the world are 10.5 trillion. (10.5 trillion/21 million = 500.000).
What do you think about this idea?
And why bitcoin value should be linked only with USD? It`s impossible to maintain a fixed exchange rate between btc and USD. The market and the people determine the value and the price of currencies.
|
|
|
The loans, is fraud.
What are you talking about? Who are "we" in your question? To answer your question.We need loans to buy things we don`t need. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
Blue_Tiger73 posted as to what you would do if you gained 1,000,000 bitcoin ( ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ). Now i am asking you guys. How would you guys react if you guys lost 10, 000, bitcoin through any reason ( ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) )? And how would you maximise the chances of this never happening? DOGE12321 I would be very depressed, if i lose 10,000 btc. Maybe i would diversify my investments and never gamble. I will never make 10,000 bitcoins anyway.
|
|
|
It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.
And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.
Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.
You call a cheap PC "high levels of technology"? It`s no secret that bitcoins can be printed and used as paper money. You don`t need rocket technology to use btc or mine them. You are not obligated to mine them, so why do you care about electricity bills? I really don`t know how bitcoin can make "privlieged become more privileged".
|
|
|
There is a lot of videos and articles around the web about how the dollar will collapse on 27 September 2016. I'm not sure how exactly they got this date, even If it's not the real date, It seems like a lot of experts keep saying that a collapse is coming soon.
Assuming that the Dollar collapse indeed , what does it mean for Bitcoin exactly ?
US dollar won`t colapse.USA is still the biggest economy in the world and the largest buyer. All the other big countries like China and Germany export goods to USA and they need a strong USD. More than a half of the world is using US dollars.There is no way USD to colapse.
|
|
|
With the debt crises in the eurozone, bitcoiners have been advocating the use of bitcoin in place of fiat. I don't think that will solve the problem on ground, people will always borrow money whether cash or bitcoins. What do you think?
There`s no way that bitcoin or any other currency can stop bad debts. Bad gebts have nothing to do with bitcoin and btc is not the solution for this problem. The european economy needs to start growing.
|
|
|
I just had an idea. What if there is a tool which algorithms create a brain wallet password from the fingerprint (or from multiple fingerprints of the hand)? Every fingerprint is unique. Therefore every password created by the algos will be unique, too. Thus, one would never run into the risk of losing his or her password anymore. Perhaps there is something already. However, I do not know it.
This isn`t very inovative. Some people are developing fingerprint wallets for online bank accounts and offline shopping. This will replace debit and credit cards. This is the future,i guess.
|
|
|
I already knew about Waterhole, and after reading this article, it got me thinking - is it possible to make a profit using a Bitcoin escrow service? Like if I download this Waterhole app, is there an undiscovered opportunity for a larger return, compared to trading on a regular exchange? Bitcoin escrows are a tool, which is used to solve a specific problem. And that problem is not to trade bitcoins at the most efficient price, but rather at the highest degree of security, which, I'm assuming, means that the prices of each trade there should have a larger spread, hence more opportunity for profit. What are your thoughts? Escrow service fees are very small and there any many already established escrows with good reputation.It`s hard to compete against them. I doubt that you can make any profit.
|
|
|
A year ago today, my family was featured in a Motherboard Vice article called “Meet the ‘Bitcoin Family.’” Since that time, my two sons have learned a whole lot more about Bitcoin and are fascinated by their father’s work as a cryptocurrency journalist.
Learning About The Tools of Liberty at a Very Young AgeMy son Joshua is now seven, and Franklin is three, and we often discuss the Bitcoin industry that surrounds my life. As a journalist and graphic artist, our family has lived off the Bitcoin economy for close to two years now. Read More Here ~> https://news.bitcoin.com/bitcoin-family-one-year-later/![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbFyO7BE.jpg&t=663&c=Glt_-_eLKl_CBA) Your two sons are three and seven years old and they know about bitcoin? I don`t believe that. How often do you discuss bitcoin with them?
|
|
|
When was the first time you bought bitcoin?(Or mined)
I`ve bought 12 euro in bitcoins using Virwox back in December 2015. Virwox fees were horrible so i never returned to this site. I never mined btc,because it`s too slow,not profitable and my PC is weak.
|
|
|
Today one of my friend in Facebook told me that he want to Start his blog and start earning money from blog. he asked me to suggest him a hot Topic to blog which is very good for bloging and also have rich Keywords..
I just replied: "Bitcoin is the hottest topic for me"
he don't even know what bitcoin . but I think only saying "Bitcoin" is also enough for someone who know about net and know about google little bit.
Don't you guys think "Bitcoin" is the hottest topic on the web?
Your friend won`t make any money from his blog,if he is going to write articles about bitcoin. The traffic is too small and there aren`t many advertisers that pay for that keyword. But yes.Bitcoin is a hot topic....here,on this forum. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
There are many online wallets like Xapo and Coinbase that do not charge any transaction fees or they pay that fees by themselves. I want to know that how would they profit from paying for their user's transaction fees ? If no fees is charged then the transaction take a much long time or even might get cancelled !
I`ve never seen an online wallet that doesn`t charge transaction fees. They all charge transaction fees, because they all need revenue to pay for hosting and everything else. This is their business model.
|
|
|
I just came across this news, although it's quite old but still transactions are taking place. These guys are burning bitcoins intentionally and that's really painful part. Proof of BurnNo reason is enough satisfactory for this kind of shitty practice. Whatever the reason is, I strongly feel that burning (destroying) bitcoins is not acceptable. It's too much worst for the long term. What do you think? Experts, Please blow your torch if I'm going wrong. Burning bitcoins is like burinng money. I don`t think that people are stupid enough to burn money. Everyone is free and has the right to burn his own money,if he wants. It doesn`t matter if it`s bitcoins or USD. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
|
|
|