Show Posts
|
Pages: [1]
|
3
|
Bitcoin / Pools / What I love about P2pool
|
on: February 04, 2012, 05:05:08 PM
|
What I love about P2pool are:
1. It is decentralized 2. It is democratic 3. It perfectly complements bitcoin 4. You do not need to worry about whether a mining pool is stealing. 5. The best of all, no fee to pay to the pool and you got to keep the transaction fees as well.
What do you love about P2pool?
|
|
|
4
|
Other / Beginners & Help / Huge bitcoin dump on MtGox
|
on: December 23, 2011, 03:26:13 AM
|
Large Bitcoin dump of last couple of months has greatly reduced the price of Bitcoin. Which led many miners to quit mining. But in my opinion, one positive effect of such dumps is the increase in depth of the Bitcoin currency market as a whole. Look at yesterday 20 kBTC dump and it only reduced the price to $3.5 and now the price is back to $3.9 as it was before the dump. Previously, such a large dump would have had huge impact on the price. Also, as speculators and currency traders become used to such large dumps, there has been less and less of panic selling. I cannot guess the motive of the person to dump such a large amount. If it was to trigger panic selling, then it clearly failed to achieve that objective this time. Which in my opinion shows the trust people now have on the resiliency of the bitcoin.
|
|
|
|