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1  Economy / Web Wallets / 5M wallets created on Blockchain on: November 27, 2015, 02:39:31 PM
ok so not quite....but will be tomorrow.   Grin

So here are the statistics for wallets created.

2 - 2.5M 97 days
2.5 - 3M 99 days
3 - 3.5M 99 days
3.5 - 4M 76 days
4 - 4.5M 57 days
4.5 - 5M 47 days

There is no solid conclusion that one can draw from pure wallet creation, but in my opinion it does appear to indicate that the rate of adoption is increasing. I am sure we will be under 40 days for the next 500k wallets on BC.

Might we one day approach the hallowed S-Curve?


2  Bitcoin / Bitcoin Discussion / Is Bitcoin growth going exponential? on: October 12, 2015, 04:35:11 AM
https://blockchain.info/en/charts/my-wallet-n-users?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Seems to be curving upwards slightly. Of course this is just a sample of possible growth indicators, and it does not mean that all wallets created are new users. But nevertheless it does appear to be the beginnings of exponential growth, perhaps.

Also of interest, 16 August 4M wallets, 12 October 4.5M wallets. 500k in about 57 days. Not bad.
3  Economy / Web Wallets / BlockChain number of wallets from 4M to 4.4M in about 47 days... on: October 06, 2015, 12:25:46 PM
So that is about 10% increase in 47 days. Around 16 August 2015 4M wallets and around 3 October 4.4M wallets.

If you put the curve on exponential it appears fairly flat which I suppose is a good sign - indicating possible future exponential growth.

There are many many variables here (I suppose many people create multiple addresses) but it does appear to be picking up speed which is a good thing.
4  Bitcoin / Bitcoin Discussion / Banks' own Blockchain? on: September 16, 2015, 11:43:39 AM
http://recode.net/2015/09/15/nine-of-the-worlds-biggest-banks-form-blockchain-partnership/

From what I read they are considering Bitcoin but also Ethereum.

Thoughts on all of this?

From my brief read on Ethereum it is a public blockchain, you can mine it etc just like Bitcoin.

Proof of work could possibly lead to more decentralisation (ASIC and FPGA not possible/feasible?)



5  Bitcoin / Bitcoin Discussion / Attaching value/deeds to the Blockchain on: September 10, 2015, 09:32:30 AM
There is a lot of talk about Blockchain (and NOT Bitcoin), and about attaching deeds/proof of ownership to said Blockchain.

So a scenario, if for example a whole country or several countries agree to attach deeds to the blockchain, of say, properties in their country, what happens to the value of a Bitcoin, and why?

In my view the value is then attached to the Blockchain, and hence the value per Bitcoin (technically, excluding things like fundamental trading, news, hype etc) must go up proportionally to the amount of BTC in circulation, and the amount of value of said object/property described by the deed.

Do you agree with this?

Secondly, I would theorise that as deeds are attached, the value goes up per Bitcoin. Miners are incentivised at this stage to mine more as there is more return per Bitcoin. A side effect of this is that the network becomes more secure, as long as it stays decentralised.

So this works well while there is a reward for mining. What happens when the reward is trivial? I suppose then miners are rewarded purely by transaction fees. The value of a transaction would be established by the amount of competition in the mining market place. So I suppose there will be an equilibrium level where people are willing to pay a certain amount per transaction. If the transaction fee is too high, people will start transacting less, and miners will have to either put up their fees (resulting in even less transactions happening), or some people will have to get out of mining and the competition will lower slightly, and the price per transaction will reach an equilibrium.

It appears to be a push pull between people's....greed, for lack of a better word.

So far it works, and it works well. With mining reward going down, things will change and my question is, will it work? I think and hope so?

I am just jotting down random thoughts one leading to the other. Comments?

If the same thing was discussed in details I would appreciate a link to thread.

PS, don't forget to download your copy of CoinATMRadar (iOS/Android) for locating BTM's Smiley





6  Economy / Computer hardware / Lamassu Bitcoin ATM for sale on: August 05, 2015, 09:13:24 AM
hi All,

We brought in the first Bitcoin ATM to Africa. It has been running, however for several reasons we are looking at selling it.

1. Collecting cash from an ATM is a risky procedure in South Africa and I do not feel comfortable doing this anymore.
2. We are doing well simply dealing directly with people and doing electronic transfers. We feel that having an ATM is a bonus, but mostly due to 1. above, we feel more comfortable not dealing with cash on a constant basis in South Africa.

We have had a special 8mm bracket made for the unit which enables it to be mounted on either a flat horizontal surface (counter top) or vertically to a wall. This is in addition to the ATM and I am happy to ship it with this item.

Happy to sort out the shipping, depends on the price that can be agreed upon.

If you are interested please contact me. I know people within Lamassu who can vouch for me if you are concerned about the transaction in any way. I am also the author of the CoinATMRadar iOS app so that should also add to some credibility.

I am looking at:

4300 USD for the machine. Shipping and insurance included. Bracket worth 500USD included.

Please PM me if you wish to take this further.

Thank you
7  Bitcoin / Bitcoin Discussion / Lamassu Bitcoin ATM for sale on: August 05, 2015, 07:51:28 AM
hi All,

We brought in the first Bitcoin ATM to Africa. It has been running, however for several reasons we are looking at selling it.

1. Collecting cash from an ATM is a risky procedure in South Africa and I do not feel comfortable doing this anymore.
2. We are doing well simply dealing directly with people and doing electronic transfers. We feel that having an ATM is a bonus, but mostly due to 1. above, we feel more comfortable not dealing with cash on a constant basis in South Africa.

We have had a special 8mm bracket made for the unit which enables it to be mounted on either a flat horizontal surface (counter top) or vertically to a wall. This is in addition to the ATM and I am happy to ship it with this item.

Happy to sort out the shipping, depends on the price that can be agreed upon.

If you are interested please contact me. I know people within Lamassu who can vouch for me if you are concerned about the transaction in any way. I am also the author of the CoinATMRadar iOS app so that should also add to some credibility.

Please PM me if you wish to take this further.

Thank you

* I assume this type of post is allowed? If not, I do apologise.


8  Economy / Service Discussion / Stolen Bitcoin on: July 21, 2015, 01:53:00 PM
Hi all,

I am the owner of 19BWxdCtmTcWupG6tQjXZD7F4hDd6ftEri

I logged in and had a look about 3 hours ago and lo and behold, exactly one Bitcoin has disappeared.

The wallet is kept by Blockchain and I have emailed them. Their response is that they have no control over it therefor nothing they can do. \
I have read several issues Blockchain have had in the past and wonder if it has to do with that?

I have relocated the remaining Bitcoin in another wallet which is with Blockchain at the moment still, but protected with 2 factor authentication. But I do not comprehend how this could have happened - it seems almost surreal. I had about 14 Bitcoin in there and whoever took it, took exactly one bitcoin. Why not everything?

Does anyone know what is going on or can unravel this for me?

9  Bitcoin / Bitcoin Discussion / App for iOS - finding Bitcoin ATMs in the world on: July 16, 2015, 01:10:26 PM
Hi all,

I wrote the application for CoinATMRadar for iOS in conjunction with the creator of CoinATMRadar.

I would appreciate if you had a look at the application and give constructive feedback and perhaps some ideas as to what else would be useful to you.

Look forward.

10  Bitcoin / Bitcoin Discussion / Adoption in terms of users on: March 18, 2015, 08:38:41 AM
We see articles guestimating the number of Bitcoin users. A general average seems to be about 1.5M currently.

We have also seen an article from Juniper describing about 5M users by 2019.

What are your general thoughts on user adoption per year, over the next 10 years, and why?

What will the curve look like?

11  Bitcoin / Bitcoin Discussion / Calling all Bitcoin vending machine (ATM) operators and investors on: July 10, 2014, 06:37:06 AM
hi all,

I, along with my business partner am busy installing the first Bitcoin ATM in Africa in Johannesburg, South Africa. It is a Lamassu unit.

We will be using this as a proof of concept and then expanding from there, should the conditions be favourable.

1. If anyone is interested in possibly investing in this, please let me know. This is only to tentatively get a feel for investors in Africa out there, and also to canvas for some potential ideas regarding this. Drop me a PM to discuss. 

2. If anyone possesses a Skyhook unit or knows of anyone who does, please let me know what you think of it. Their pricing is very competitive and are looking at expanding with those units, to get maximum coverage.

Thanks
12  Bitcoin / Bitcoin Discussion / How many Bitcoin ATMs... on: June 18, 2014, 09:32:15 AM
...will there be in the world by end of this year?

End of 2015?

End of 2016?

13  Other / Beginners & Help / MtRed - no response. on: May 09, 2013, 06:51:45 AM
I mined in MtRed, and had 19.3 btc lying in there. When I came back I saw half the coins were gone. According to the link on MtRed, half the btc would be paid out from 10 april to 24 April. If you did not withdraw at that stage, your second half would become available on 8 May 2013.

I understand MtRed ran into difficulties. I managed to withdraw half the btc, but now, it is 9 May 2013, and the second half of my mining portion (more than 9btc), is nowhere to be seen.

Yes, I understand what happened, yes, I understand there might be no btc left over - but seriously? I have posted via the contact us section about 10 times, to ask the administrator, ONLY FOR SOME INFORMATION as to what is going on.

No response. Nothing, zero, nada. As such, as there is no explanation, I can only assume this is theft.

This is neither fair nor ethical - to take half of some dude's bitcoins, without even a response to a message, without even an explanation.

I loved mining with MtRed, but they have royally screwed me - like I said, I understand when things go wrong, but the very least that can be done, is communicate and explain to a guy what happened, who lost more than 9btc.

14  Other / Beginners & Help / MtRed stopped? Urgent questions...please help on: April 24, 2013, 07:19:12 PM
ok. So about 2 years ago I started mining with Mtred. Made a a few coins. Stopped.

I left the coins in MtRed account as I did not fully understand transactions and wallets, and I was worried I would screw it up.

A few weeks ago I checked and the coins were still there. Today I logged in, and first thing I saw, half my coins were gone. I panicked, and immediately did a transfer to...an old wallet. I am now in the process of looking for this wallet. I understand if I do not find the wallet, the coins are gone. What a screw up, cannot be helped, working on it. I thought hackers got in. I panicked. Hit transfer and now...I dno.

Onwards. I then read this link: https://bitcointalk.org/index.php?topic=15929.msg1793833#msg1793833

It was posted on 10 April. I transferred bitcoins about 8 hours ago. Now, it says there half the coins will be available first 2 weeks. Second half, 2 weeks later. If you didn't transfer in the first 2 weeks, your next half in of the bitcoins will only be available another 2 weeks later.

Now, questions:

If I transferred 8 hours ago, in which bunch do I belong? 1 or 2? With mu luck I probably just scraped into bunch 2. Which means my other half of btc will only be available in 2 weeks?

Secondly, I am unsure if my bitcoins will even be  there. It depends if there are btc leftover?? This is quite harsh because I never mined PPS there, I only got shares according to what was found. Be that as it may.

Can anyone shed light on this? I am so concerned about this, in quite a state actually, looking for my wallet, other btc gone, it looks like there is nothing left, and it was like 18btc total or so. Pretty much everything I ever mined.

I also sent a mail via www.mtred.com contact page but still waiting for a response. I also tried to contact redditorrex, who is managing mtred (I think), but I am unable to, as my account is still restricted.

I would really appreciate some help on this, really in quite a state, and wondering if I have lost everything.

Thanks a  lot.
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