The most important factor is security. If people believe there is a distinct possibility that they will be cheated through owning bitcoin, they won't adopt, period.
Right now, the most important circumstance surrounding bitcoin's security is how mtgox plays out. If people get cheated out of bitcoin or cash, the new potential adopters of bitcoin will simply turn their backs on it, which is understandable. They won't care that it was one particular exchange. All they will care about is that thousands of people were cheated out of a lot of money relating to a bitcoin investment. Unlike what a lot of people say on here, these new potential adopters won't look into what the particular cause was simply because owning bitcoin is not that important for them. The can all live without it.
While it certainly is an important issue today, you are giving it far too much weight. If people can't distinguish between an exchange collapsing and Bitcoin collapsing, they have no idea how Bitcoin could benefit them in the first place. This Gox debacle will all be ancient history in a few months time. |
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My biggest worry is that by the time the rewards are over no one in their right minds will mine at extremely high difficulty for pity transaction fees. But by the time that happens I will be either dead or rich, so screw it  It's true that it will be a long time before the block reward is completely gone, but the block reward will be insignificant much sooner. https://en.bitcoin.it/wiki/Controlled_Currency_Supply#Projected_Bitcoins_Long_TermAccording to that chart, by 2032 the block reward will be less than a full bitcoin. I plan to still be alive by then! 20 years in bitcoin time is like 2000 years in normal time. What does that have to do with the conversation? Bitcoin either will or will not exist by then. If it does exist, the block reward will be less than a whole bitcoin. I'm simply pointing out that most of us will still be alive by then (hopefully)! |
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Tell them to get in the back of the line. LOL.
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Some would call me a troll, but here you go
No coins at all. Fail. No coins on an exchange. I would call that a win!  |
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While MtGox may or may not be insolvent, your thread title appears to be an outright lie.
Maybe you can provide a link where M.K. does confess to being insolvent?
Why would it be confidential if they are solvent? They can't lie due to legal implications, so it is just confidential. I don't know, but I'm not going to assume things or try and twist words into something they aren't. I hope Gox dies a fiery death (after customers get their funds out and learn to be more informed when choosing an exchange), but I'm not going to lie about what has happened and what has not happened. The CEO hasn't confessed to anything. Nobody other than Mark is lying(or omitting), the obvious is just so obvious. No need for a literal statement. I hope they don't die before managing to pay their customers, but they are currently insovent. Confidential solvency, refusing to explain frozen USD. Nothing more is needed to say. Oh, trust me. A literal statement would have a massive impact. That hasn't happened yet, and that is my only argument. Your thread title is a lie, regardless of what the actual truth of the situation may be. I hope you like the new title. It's an improvement.  |
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My biggest worry is that by the time the rewards are over no one in their right minds will mine at extremely high difficulty for pity transaction fees. But by the time that happens I will be either dead or rich, so screw it It's true that it will be a long time before the block reward is completely gone, but the block reward will be insignificant much sooner. https://en.bitcoin.it/wiki/Controlled_Currency_Supply#Projected_Bitcoins_Long_TermAccording to that chart, by 2032 the block reward will be less than a full bitcoin. I plan to still be alive by then! |
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While MtGox may or may not be insolvent, your thread title appears to be an outright lie.
Maybe you can provide a link where M.K. does confess to being insolvent?
Why would it be confidential if they are solvent? They can't lie due to legal implications, so it is just confidential. I don't know, but I'm not going to assume things or try and twist words into something they aren't. I hope Gox dies a fiery death (after customers get their funds out and learn to be more informed when choosing an exchange), but I'm not going to lie about what has happened and what has not happened. The CEO hasn't confessed to anything. Nobody other than Mark is lying(or omitting), the obvious is just so obvious. No need for a literal statement. I hope they don't die before managing to pay their customers, but they are currently insovent. Confidential solvency, refusing to explain frozen USD. Nothing more is needed to say. Oh, trust me. A literal statement would have a massive impact. That hasn't happened yet, and that is my only argument. Your thread title is a lie, regardless of what the actual truth of the situation may be. |
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Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).
that indicator is called MACD and no you don't have to wait for the cross over, because the cross can be predicted before it happens, when the 12 period AMA is above the 26 period AMA you sell and vice versa, of course this doesn't work all the time otherwise it would be so easy, this is why I said trading is an art, and I am not implying that I am a good trader, I've been ignorant so many times and I had bad calls so many times, but my average is positive... and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my post was just a reminder that this is the speculation thread, no need to attack other people, I saw him attacking other members and calling their moms names (only a teenagers does that)...... so you are missing my point here Your average is positive in fiat or bitcoins? Yeah, I didn't miss your point. I was more interested in the chart. I don't need a reminder that the internet is full of trolls! Bitcoin and I cashed some profits to be honest... |
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There should be no reason why a miner doesn't include non-fee transactions IF there is room in the block which as explained is the case with nearly every current block. It isn't hard to give priority to fee-paid transactions but fill the block with all others.
Yes, that's nice and all, but ultimately it's the miners decision. They've invested time and hardware and they should choose which transaction they want to process. I, personally, would do exactly as you say and prioritize fee paying transactions over others, but still fill my blocks if possible. Yet, I wouldn't force my choices on others. |
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Giving something away is not really effective in proving it has value. (It worked in the beginning when it didn't really have any value.)
Bitcoin doesn't really need "salesmen" at this point.
Educating others is fine, as long as they show an interest. Pushing things on people won't work.
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While MtGox may or may not be insolvent, your thread title appears to be an outright lie.
Maybe you can provide a link where M.K. does confess to being insolvent?
Why would it be confidential if they are solvent? They can't lie due to legal implications, so it is just confidential. I don't know, but I'm not going to assume things or try and twist words into something they aren't. I hope Gox dies a fiery death (after customers get their funds out and learn to be more informed when choosing an exchange), but I'm not going to lie about what has happened and what has not happened. The CEO hasn't confessed to anything. |
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In China Bitcoin isn't a currency, it's a commodity (The central bank said so, I've been trolling them zealots with it for quite some time)
Why would a zealot care how you label it? I certainly don't. Bitcoin's properties are it's properties and it can do what it does no matter what you call it. You aren't the typical Bitcoin zealot. People who are hell bent on attributing Bitcoin to the currency category may even a good description of one.  Fair enough. |
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While MtGox may or may not be insolvent, your thread title appears to be an outright lie.
Maybe you can provide a link where M.K. does confess to being insolvent?
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In China Bitcoin isn't a currency, it's a commodity (The central bank said so, I've been trolling them zealots with it for quite some time)
Why would a zealot care how you label it? I certainly don't. Bitcoin's properties are it's properties and it can do what it does no matter what you call it. |
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miners should not be demanding more value via transaction fee, they should however demand more value by hoarding their reward and getting better value on exchanges
Assuming all miners are interested in exchanging bitcoins for fiat. |
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right now 25btc for an average 10 minutes worth of work is ample. yet miners greed is demanding people pay a fee on the transactions, to such an extent that pools coded by Luke Jr are now ignoring a majority of fee free transactions.
The transition from block reward to transaction fees should be smooth. Hopefully transaction fees become an increasing part of the block reward before the next halving. I see no problem with miners setting their own fee rules. The greater problem lies in the fact that there are very few actual miners, most people are just selling their hashing power to huge miners (pool operators). |
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Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly).
that indicator is called MACD and no you don't have to wait for the cross over, because the cross can be predicted before it happens, when the 12 period AMA is above the 26 period AMA you sell and vice versa, of course this doesn't work all the time otherwise it would be so easy, this is why I said trading is an art, and I am not implying that I am a good trader, I've been ignorant so many times and I had bad calls so many times, but my average is positive... and BTW I don't trade daily, I wait for occasions when I think it is safe and clear for some profit, my post was just a reminder that this is the speculation thread, no need to attack other people, I saw him attacking other members and calling their moms names (only a teenagers does that)...... so you are missing my point here Your average is positive in fiat or bitcoins? Yeah, I didn't miss your point. I was more interested in the chart. I don't need a reminder that the internet is full of trolls! |
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gosh, you are never tired right. look at this chart and explain to me how bullish this looks to you (4h chart BTW)  now look to this chart, this will explain to you how traders change their postions from bearish to bullish and make some profit (1h chart BTW)  and look at this (3d chart BTW)  what is Hard to understand here ? there is nothing personal when tracking the price and try to make some profit of it, you are the only one taking things personally here. Observing your charts from a distance makes it look like you are always right (of course hindsight makes that easy). Zooming in, it looks like if you use the indicator at the bottom, you are making the buy/sell very late (most of your arrows are not perpendicular, the bottom indicator lags the actual price movement). Considering trading fees, I can't imagine you are making enough money here to justify the risk for any of these positions. One wrong call will wipe out all of your profits from the previous multiple correct calls (even if you've called them perfectly). |
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Why is there so much tolerance to dishonesty in the bitcoin community?
I don't think there is, there is just ignorance. What do you do when someone steals your bitcoins. Policeman: Ok, so... someone, somewhere in the world stole these Bitcoin things from you, they are like computer money, that don't exist anywhere, just as a number on a computer. Well thank you for letting us know, here is your case number we'll get someone to investigate it right away, don't contact us, we will let you know when we find out something. Indeed, bitcoin trading is still wild west territory... But, if you know that the law will not help you, you should care a lot more about the history of your banker, shouldn't you? Perhaps you mean that most bitcoin investors don't know that the law will not help them? It's simple. Follow one rule. If you aren't the sole controller of your private keys, you don't have any bitcoins. Once you've learned how to protect yourself, no one can take your coins without your permission. |
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The recent price rise at Gox just screwed me majorly.
+1  So you've both sold goxcoins for less than $200? 140  Oh gosh. I'm sorry to hear that. Please tell me that if you manage to get out of this Gox situation with at least something that you will avoid Gox in the future! |
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