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Hi guys... so here is the deal... About 3 hours ago I sent 148 USd (in BTC) via shapeshift to my Jaxx ETH wallet. The transaction has over 12 confirmations... but it says the trsaction netted me 0 ETH. Take a look...  |
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I'm new to this forum and for some reason, is seems as though the only way I can look at posts that quote mine is by scrolling through the whole thread until I find it. Is there any way to configure my notifications so i'm told when someone has quoted one of my posts?
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I do believe that majority of mining farm is located in China but I doubt that majority of it is owned by chinese. The reason for this is that if ever the majority of hashes is owned by Chinese then the increase in blocksize will never had problem in getting the percentage it wanted for hardforking bitcoin. But it seems it isn't controlled by chinese.
Majority of mining farms are located in China... that is a fact. My original concern was that with majority control the Chinese would be able to manipulate the block-chain technology, i.e reverse transactions / deny transactions at their own will. However it appears that is only the case for Ethereum. In regards to Bitcoin and the Chinese, whilst majority of all Bitcoin being mined comes out of China, not all of the mining groups are working together - so they may as well be spread out around the world, it makes no difference. |
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I talk to people about Bitcoin whenever I can, the trouble is not enough people are interested by the concept of it. Bitcoin does not belong in our society, it's too advanced for our lifetime  |
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I completely agree. The fees need to drop, plain and simple. For people holding as a personal investment - fees don't matter, but for the people using BTC on a day-to-day basis it's a real pain in the ass. One of the main reasons people began raving about Bitcoin and all of it's wonders in the first place was because it had low fees...
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If you're not very tech-savvy and you need to feel secure from viruses, physical theft and many other issues, it should definitely be your first choice.
Agree, but if you like to learn something new, try paper wallets. Its very good method to keep your bitcoin offline and secure. U need to apply physical security then. One thing here, almost none of physical thiefs know what bitcoin is, so they would not take it/swipe it when it would lay in plain sight. Good point. Thanks a bunch. |
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Let's wonder a little. The year is 2057.
(By the way, Chris Pratt is the POTUS, sorry about that)
How do you imagine yourself with your bitcoins? How do you imagine the World you'll live in related to the cryptos?
Blockchain rules the world (from elections to the way your grandchildren interact with friends) and BTC is everywhere? Another crypto that does not even exist yet is now the king and both blockchain and BTC are seen as a museum piece, such as a steam locomotive?
The year of 2057 will be a great year for bitcoin because i think that the countries already adopted bitcoin and a lot of malls and merchants in all around the world is related with bitcoin and they are also accepting payment thru bitcoin. The blockchain is the most main stream technology in 2057 and that is a year that worth to wait. I do not think that blockchain is strong enough to survive to that point. Modern technology is growing very fast, it definitely needs a stronger technology, the blockchain is showing its weakness at the moment, so I think another technology will replace it. . It's very possible. I often like to say however that blockchain will succeed - but Bitcoin will fail. The media have painted such a nasty image of Bitcoin, and the public are too stupid to see past it. |
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Hmm interesting thoughts - i'll donate one of mine. Crypto-currencies are the only method of payment widely accepted, all else comes secondary and is frowned upon. Keep in mind a lot has to happen before this... unfortunately some people still think the government and big brother only have the public's best interest in mind... the fools we live with *shaking head*
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What do you think of the TREZOR Hardware wallets? I'm thinking of getting one and would be interested to hear first hand complaints/compliments. For those who don't have experience with them, does the concept get you excited? I'd personally really like to have my wallet sitting in my pocket - without having to worry about third party wallet companies that could crash or be hacked etc.
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Not in my city! Just $10 away for 2000 now... Don't smoke to much pot buddy  |
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Actually, Banks in Japan have begun accepting money in exchange for Bitcoin - as a way of regulating the money that goes into it (i.e to prevent drug money). This is actually one of the reasons for the recent price spikes. Unfortunately however... this takes away the anonymous aspect of Bitcoin that we all love. Ups and downs to everything I suppose . |
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Well... Bitcoin's price is rising for a number of reasons.
1. The Japanese government just gave it the "OK", which has people convinced that other Asian countries might start implementing similar policies.
2. As a result of people like *cough* Donald Trump *cough* being elected - there is a global uncertainty of sorts. People have begin losing faith in the government and are buying into bitcoin, thus driving the price up.
3. FOMO (Fear of missing out) also comes into play. If people think they can make some money buying Bitcoin now and selling later, then thats exactly what they do...
To address one of your other comments, Bitcoin does not suck. It's frickin' awesome. However there is a problem with the amount of time it takes for micro-transactions to be confirmed - but this era will pass.
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Hi
So i've been told that - because the Chinese currently mine majority of ALL bitcoins that get mined, they have the ability to reverse transactions...
Being the avid supporter of BTC that I am, I obviously fought back claiming "BTC transactions cannot be reversed" etc.
So what's the deal, is this true?
Cheers
"The Chinese" are not one group. Therefore while a large amount of hashrate is based in China, that doesn't mean that the pools which make up that hashrate necessarily collaborate with each other. For example, F2Pool's leader Wang Chun conducted a poll and found that a majority of people viewing their Twitter wanted them to signal SegWit, so they decided to do that. However, Antpool's leader Jihan Wu decided to signal for BU. So they're in opposition and are definitely not collaborating. Oh yeah that makes total sense, i'm kicking myself for not thinking into it a bit more myself... |
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Looking at the rise, today alone, i'm getting super... super excited. The price per BTC at the time I write this post is : $1919.16 - quite a rise from yesterday's 1700 something. I'm interested what you all think, could this be the start of the surge we know will come? What do you think the price will be tomorrow - lets talk!
Lol the surge had already started a few days ago. I think this is just the continuation of that surge. With the tomorrows price, I think bitcoin will tank  . Do not argue with me, I just think it will tank. Bulls are quite tired for the fast pace increase today. Not arguing.... but it won't drop, today at least. The price per BTC is just south of 2k as we speak. |
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It's obviously a welcome increase, but for me personally it won't do much as I will continue to keep hodling my coins. I am in full accumulation mode.
I do however expect a serious dump to show up any time soon. It might very well be that it will happen right after hitting the $2000 mark this week ~ it can't go up endlessly.
But on the other hand, it might very well be that the price will continue to increase further towards $2100-$2200 after touching $2000. Market looks unstoppable.
I expect the dump to come in 2 weeks or so... what kind of prices do you think we will see? |
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Certainly is an issue. It's because miners choose payments with high transaction fees over ones with low transaction fees... fair enough I guess, annoying none-the-less. For now, i'd recommend only using BTC for payments that are at least 100 usd or over as micro-payments are a real pain in the ass.
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Stick with your 0.5BTC - half a million in the future maybe more. That's how the rumor goes anyways... |
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It's sucks a bunch... but no one here knows for sure. If we did - we would all be rich right? You've got to gauge the situation yourself buddy, and then take responsibility for your own actions . If you do want my personal opinion however... I don't think Bitcoin will drop until after it hits 2000. I'd sell bitcoin for cash at around 2100, and wait a day - if no price drop after the day buy back in. You can't wait too long in this game, or you miss the boat! |
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I think about this from time to time, in fact no too long ago I visioned bitcoin as being a currency that allowed for intergalactic payments... I mean theoretically it could with the contingency that our technology advances significantly.
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