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Only doubters do and drive btc economy, so that believers can be more wealthy. Seems true since day 1.
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according to exponential growth I have no doubt its heading to 1000 within a year,
at that point which alts do you think would survive aka not worth like 1/10 value of the current price.
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If you have fiat and bitcoin, the only reason you want to spend bitcoin is to help developing it. Ok you don't need to do that because bitcoin will be developed anyway by other generous folks, and you get to keep your wealth.
From merchant perspective, accepting bitcoin is great, since it increases in value, and there's no processing fee. On the other hands, for consumer, not only does he lose precious coins, he also loses the benefit of credit card.
Most cc give 5% cash back on gas, at least 1% on other things, not to mention those freebie insurances. You can buy exxon gift card with bitcoin using Gyft, but you'll miss that huge 5% benefit. So it makes more sense to sell coins though coinbase/campbx or what not, and use that to pay for credit card bill.
Ok, I think in order to convince consumers to spend bitcoin, merchants or services like Gyft have to come up with unquestionable better deal, like at least 6% discount, 90 days returnable, free shipping, maybe a blow job coupon.
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with the promise that after you have mined the shit of out it, you shall donate some coins back to me  (please don't resale, coz I can do that myself, thank you) PM |
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I don't get why there is no rpc call to calculate transaction fee before sending as it exists on the QT, or I am missing something ?
Let say a merchant has to send coins back to a customer, and he does not want to be responsible for the fee. He cannot estimate the optimal fee because it does not exist on the RPC api, he has to assume that it's 0.0005, and substract that from the amount to send the customer, although, such transaction could be eligible for free transfer if sending with the QT, or it could cost more than 0.0005.
Is it just under construction ? Or it is designed this way for some reasons.
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Some says the max of LTC/BTC is 0.25 provided that BTC is able to hold its ground.
What's the number of PPC/BTC
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on these crypto exchanges.
In order to break even,
(sellPrice - buyPrice) / (sellPrice + buyPrice) must > %fee
for 0.55% fee, when btc is at 30, 0.332 move is enough to profit,
but when it's at 70, 0.775 is required
at 100, 1 point move is not enough.
This is fine for buy and hold approach, but since most provide some sorts of api for trading, it does not persuade user to trade in small time frame because of the %fee, and the timeframe have to be widen when the price become higher, although you may argue that volatility also increases along with price.
As far as I heard only bitcoin-24 comes with no trading fee. It would hold more sense for the future btc exchanges to offer fixed price, like $2 for round trips, or some sorts of leverage at fixed cost, since btc is skyrocketing.
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as they states on the title ?
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Just like ASICMiner of btc world ?
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I coded a static trading strategy here as a result of watching many mini crashes in the past: https://github.com/romerun/mtgox-mini-bots.gitI haven't used it myself, coz I'm not really sure of the right parameters, although I have tested with 0.01btc. |
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Every time I send coins from one wallet to another, the amount shows up right away on destination client even it has 0 confirmation. Until, http://blockchain.info/address/1HMzzDYhKhjhYxnAGcVKNj3ZwvfyvajDiathe 28 satoshi, although, shows up on blockchain web, my client still don't see it. I guess i will see it when it has at least 1 confirmation. Can somebody explain how does this happen? |
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If btc really need a hardfork, what is the procedure to tell everyone to upgrade ?
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According to https://en.bitcoin.it/wiki/MtGox/API/HTTP/v1: {
"date":1316312781,
"price":"3.5599",
"amount":"3.6900096",
"price_int":"355990",
"amount_int":"369000960",
"tid":"1316312781670700",
"price_currency":"EUR",
"item":"BTC",
"trade_type":"bid",
"primary":"Y",
"properties":"limit,mixed_currency"
}
For multi currency,also returns the primary value,"Y" or "N", the primary currency is always the buyers currency A trade can appear in more than one currency, to ignore duplicates, use only the trades having primary =Y ---- Does it mean that if my default currency is EUR then I buy BTC in USD market, there will be two records of the transactions,.... oh wait, how could one buy USD if he has EUR in the first place ? Ok, I'm confuse. Can somebody explain the cross markets scenarios and how the records in "trades" api would show ? |
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It's been Forbidden for the past few days.
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I did md5 on my wallet.dat a while ago, it is different from the current. I thought wallet.dat is not supposed to change, coz I hear that it only contains private key. What happen if my wallet is corrupted, and I replace it with a backup ?
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I hear that namecoin can be used to store information. I wonder if namecoin can be used to store bitcoin encrypted wallet or is it a good a idea to backup it there.
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Hi, I'm playing around with XChange library connecting to the mtgox api gateway to receive realtime trade/depth data. The url it's talking to is something like: http://socketio.mtgox.com/mtgox?Channel=depth&Currency=USD:80The issue is when it's not midnight til early morning, it will say, connection problem or something. I can understand that mtgox streaming data gateway probably can't handle big load of US/EU customers, but i find it odd that http://bitcoin.clarkmoody.com/ always work just fine, and judging from UI, they are using the streaming data, not the polling one. I also wonder, inorder to use mtgox streaming api these days, one has to connect to their server at night, and maintain the connection throughout the following day, because mtgox has the max number of con. rejecting new connections on the busy hours ? or just keep trying to connect ? |
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