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People want what they can't have. They will find ways to get it.
I wouldn't be surprised to see a price rise as the deadline nears, as people rush to get yuan into bitcoin instead of out of bitcoin.
That said, prevailing expectations seem to learn toward a dip.
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Hello,
New to BTB. Just wondering if there was any news or any particular trigger for the runup in the value of BTB since around January 6.
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People have been complaining for too long about the wallet not connecting.
"Fixed, you need to create a file where Unobtanium was installed...yadda yadda...."
That's NOT a fix. It's a temporary half-assed work around that too many people can't figure out for themselves.. We want people with money to invest in UNO. Let them download a f*cking wallet that connects without problems. It's basic. Stupid problems like this say to newcomers that the coin is a loser, which it's not .
FIX IT, please. It will take very little time to update a text conf file in the installer.
Some of us have money riding on this coin, and we're sick of seeing all of the pleas for help to get the wallet working. FIX IT!! PLEASE!
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Unobtanium is on CoinMarketCap.com today!
Coming in at #32, $660,215.
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It's great to watch this coin's progress. Price has doubled recently; listed now on Cryptsy; good mining pools online; listed on cryptomarketcap.com; difficulty is through the roof. People are racing to pick up a piece of Unobtanium while they can.
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Thanks
6635869272840226493
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MAtkq5x8ChGmQx68VjigJiKuEUWqzGdTo9
Thank ou
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Thanks,
1KZ9TK3NuUjaUvsbTQiJ1NwcnNC53w69uq
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i5QV965xrmG83iRQnpdacahokjgLwF1PVU
Thanks! :-)
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The values for confirmed/unconfirmed have not changed for more than 24 hours while mining the ppc port. Everything appears to be working fine here, lots of shares accepted and the usual log chatter from the pool. My speed shows on multipool.us, but again, no unconfirmed/confirmed shares appear for the effort.
I just switched over to TRC port and saw immediate unconfirmed results. But mining the PPC port results in no reward appearing on your site.
Please look into it.
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Just discovered this coin. Attracted by the low numbers and fast mine. Will be interesting to see what becomes of this coin after it mines out.
Hope you left a few for me to find!
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Love your site. I visit it several times a day.
I have one suggestion:
It would be useful as new coins are added if there was a quick way to tell if the coin is Script/Sha. Just a little symbol on the edge, or even hover text. Most new coins are scrypt and I have the Sha coins memorized, but it's the only tiny bit of useful info missing from an otherwise brilliant site.
Cheers,
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These are tired arguments from the point of view of First World Westerners.
1) Medium of exchange.
"Bitcoin is only a medium of exchange when merchants accept it and hold onto it."
Not true. It' a medium of exchange when ANYONE accepts it. Not just businesses. Bitcoin was already an effective medium of exchange before anyone even knew what btc was.
"a) Governments have already effectively made it impossible for people to use bitcoin as a medium of exchange, as they expect taxes to be paid on bitcoin gains. Thus it cant function as a medium of exchange (same goes for gold btw.). Unless Government loses its control on its money monopoly this law wont be altered."
Maybe, some governments. Not ALL governments. Your argument assumes that all governments will collude to scheme to preserve the status quo. I doubt that this will ever happen, as evidenced by the world's tax havens holding out to provide a shelter for wayward wealth.
"b) Governments will prohibt merchants from accepting bitcoins. Again: They will never give up their monoply on money."
Maybe, maybe not. Some countries, such as Ecuador, don't even have their own currency. WTF do they care. And the governments may not have a choice, as Cyprus hinted at. If people think a local currency is shit or untrustworthy, they will flee to a different asset. Why not a digital asset that can be banked in the blockchain and retrieved from anywhere on earth? Beat's taping 100 ounces of gold to you body and then trying to get through an airport metal detector.
"2) Store of Value
After people realize that merchants are not adopting bitcoin and that it is not used as a medium of exchange, it will collapse in price. Will anybody store significant wealth in Bitcoin after this spectacular collapse? Not likely."
Your whole argument seems to hinge on ALL merchants failing to adopt, and ALL governments colluding to ban bitcoin. BTC has spectacularly collapsed 6 times in 2013, and will probably collapse 6 more in 2014. It's risky, yet people are drawn to it like, well, gold! Yet it's easier to manage than gold/silver, easier to trade, more private, more fun, more interesting, and it's in a limited quantity unlike Fiat and even Gold/Silver (they keep digging up more of that shit after all!).
Regarding miners.... yes, Governments might be able to threaten miners, but they can mine over a proxy. Or they can ship their miners to North Korea if necessary and operate from there. There are technological ways around the problem. And again, your argument hinges on ALL countries getting together to prohibit mining everywhere in the world. Miners could be located on international waters, if necessary. The problem is not insurmountable.
If Governments are as succesfull in stopping btc as they are in collecting internet taxes, then btc should be safe for a long time.
I don't think the entire future of BTC hinges on it replacing the dollar. There are many benefits it can provide even if that doesn't happen.
I think BTC will continue to rise, and will easily surpass $2000 in 2014 as these benefits are discussed and understood, even against the backdrop of posturing by a few big bully governments.
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Very interesting discussion.
Really, to totally kill Bitcoin they need to break the encryption. Instead of spending billions to buy all the bitcoins and make you all rich, or passing laws that they can't enforce, they would spend their time/money on efforts defeat the encryption. This would send their message that cryptocoins are inherently unsafe. Their ability to defeat the encryption (if they haven't already) should only increase over time. If they break Bitcoin, then no typical altcoin is safe and we would looking and needing start over with something magnitudes of orders stronger, and not based on a standard where NSA has had any working-group influence.
Will Bitcoin's encryption be safe 5 years from now? 10, or even 20? Cryptography thought to be impenetrable during WWII can be broken by your android phone today. At some point, SHA256 will not be enough. I don't know when that will be, exactly, but it makes me curious about what options their will be, if any, to migrate the value of our btc to a stronger SHA512 algorithm, or to a different currency altogether.
One realworld parallel would be the arms race between governments and counterfeiters with paper currency, requring special papers, inks, serial codes, etc. It's naive to think that SHA256 is the strongest algo that the world will ever need, for all time.
Perhaps this problem has already been solved by btc deep thinkers and I'm late to the party.
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I also think there are too many cryptocoins, but who am I to judge. Some people just have fun mining, and it helps to create interest in all coins. With bitcoin mining difficulty so high, I understand why some people want to mess around with the tinycoins; emotionally it's more satisfying to see 1 xCoin in your wallet at the end of the day instead of .00001 btc.
I think interest in most of the tinycoins will die off eventually, but as long as people are learning how cryptocoins work, who cares. Eventually they'll gravitate to the liquid coins.
There should be more vetting of the coins that bring some new innovation to the table, over those that are just copycats. That's the community's job.
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I understand why they do it. It protects the other boards while giving new users a chance to get known.
It's not so hard; it's just that we want it NOW. On the internet 4 hours is a small eternity. Most of us don't have attention spans that long.
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You're right. This is just a shot across the bow the industry, a warning that if you're going to play in Bitcoin you have to do EVERYTHING right. Any T left uncrossed or any i undotted, and you'll be hauled into a US courtroom.
Dwolla and banks are easy choke points to send that message.
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I represent software developer who is working on arbitrage across btc exchanges.
Not ready to release more details than this att.
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