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Oh really? You probably know that own strong currency is country greatest asset. US will never ever switch to currency they can't fully control. Furthermore it is known that majority of bitcoin farm and assets are in chinese hands, US government will never let other countries to have easy way to manipulate US economy. Realistic scenario would be rather creating their own US COIN as Reserve Bank and IBM are already working on it. Do you have any link or something where i can read about what IBM and Reserve Bank are working on. Thanks. |
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yeah we cannot say that bitcoin is already mainstream because there such people who know what is bitcoin really are, and most of people are didn't yet know the bitcoin and also more people more likely to used their own currency than bitcoin, because they though that bitcoin is NETWORKING :3
The only way bitcoin could be assumed mainstream when there is a significant amount of people enough to stop transacting in any other currency except bitcoin. The amount of people who would desire this evolution would be enough to cause a change/effect loss in the market if they did not buy anything despite being potential customers of this organization/business/etc. As of now, bitcoin stands not mainstream.Yes we could say that if most of people used bitcoin not totally all, but its a long time to happened that situation, we can only do is still support and used bitcoin or buy bitcoin to maintain its price so that users will not go and leave the bitcoin community. I think there are more ways to support bitcoin than just using bitcoin, we can really help bitcoin if we actually make it a part of our life. We should talk about it to other people or else get more involved with other people in the community and make apps and websites which drive more potential users to the bitcoin world which educates and also benefits them I agree, we need to use it and also be its spokespersons. word-of-mouth advertisement has huge potential and is usually unappreciated. |
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Read the white paper, have a few questions. Would greatly appreciate if the team could clarify. Section 2) Tnet) please further explain the need and role of Forwarding nodes. Can wallet nodes directly communicate with Validator nodes? Section 3.1) Sync) Is the ledger public or only shared by Validator nodes? Do all the Validator nodes have a complete copy of the ledger? Section 3.2) Deposits) If i'm an attacker with resources, is it possible to create multiple Validator nodes at the same time, wait 6 hours and then attack the system? Section 3.3) Redeem) Would this result in the formation of independent clusters of Validator nodes or a network where all the nodes are not directly connected but are connected at different levels to each other? Kind of like six degrees of Kevin ( https://oracleofbacon.org/)  |
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i think kyc is mostly used in india... it means know your customer.. it letsan organisation know to whom they are employing, it prevents fraud and illegeal people upon using services for bad or evil purposes.  I think its implemented in many parts of the world. I'm sure about USA, India, New Zealand, South Africa and U.K. |
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regular activity when bitcoin get pumped, it happened often in the past, for every big bitcoin pump, nothing extraordinary
china amrket and grexit, helped yes but i believe that they did not had a direct impact on the market, they worked good as a side effect
Exactly, these events created speculation, that started the pump, after that its the regular market reaction. |
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Bitcoin's daily trading value is at around 90 million and Litcoin's is at 40 million. Projects like Peercoin are also at around the 5 million mark. The whole market is experiencing an upswing. Reasons??
China market crash combined with the Greece situation creating enough speculation, i guess. Any ideas??
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Hello guys, I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is : LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it. But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ?? My decision was wrong  Market swings are temporary. Don't base your investment decisions on short term trends. Your basic logic is correct about global acceptance and all. Stick to it, in the long term it will pay off. That, of course, is my viewpoint. |
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Are you making money with that strategy?
Unless you're putting money into casinos' bankroll, gambling is not an investment...
its an investment in my enjoyment. i think that's a pretty reasonable investment  (with a possibility of making some more money ) Agree with you a 100% about the enjoyment part, but highly doubt it'll yield anything, except for some great memories, which are actually one of the precious things.. |
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Technical difficulties my a**. It's clearly the fear. China is falling, Europe is falling,.. not a great day for trading..... unless you trade Bitcoin, of course Actually it probably is a technical issue. The NYSE already has a process called "the curbs" that halt trading if the market falls more than 5% (could be less). It's meant to prevent a crash like what happened in 1929, so the market cannot just fall to zero or lose significant value (broadly) in a single day. The curbs were in the day of 9/11 for example and other dates that have caused negative turmoil to the markets. I doubt they'd create some fake issue when they already have a regular process in place to address these issues. LMAO I just cannot help but laugh about that 5% stop.. free market BAHAHAH no it's not. Where is the stop if it skyrockets 5% OH THERE IS NOT ONE.. fucking money pigs man.. such fucking pigs. Still not completely against this isn't the start of a cyber war.. American airlines shutdown... NSYE... testing out their weapons perhaps.. For better understanding of how NYSE circuit breakers work, the percentages and levels please visit https://www.nyse.com/markets/nyse/market-model |
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Over the past week, the Bitcoin price has made its strongest move to the upside in three months – a move that took place just as the Greek debt crisis escalated.
The price of Bitcoin has jumped from a low of $240.22 on June 24 (CoinDesk) to as high as $255.58 earlier today (Friday).
What is the possibility for the price continue growing?
I think it's more of speculation. There can't be a lot of demand directly from Greece as the obviously don't have access to the funds they need to buy Bitcoins. But due to the speculation around the whole things, i think there is an increase in demand elsewhere. |
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I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.
I read somewhere that more that 70% of bitcoin transactions are happening in China. So, yes i guess it is leaving the USA. |
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Is this thread abandoned? do you guys still hold meetups in Vancouver? will be visiting next week.
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Wouldn't comment on their tech because i haven't studied their Tech draft or white paper yet. But i surely appreciate the way the have been persistent with explaining themselves to their critics. Will comment more after go through their white paper.
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Keeping in mind the (recent) price volatility and the fees you'd be paying, it'll probably not turn out to be a profitable deal. Do your calculations carefully before going ahead.
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Info here is useful. will Surely help. Thanks!!
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