If a TX is not confirmed by the network after 24 hours the nodes will "forget" the TX and the BTC will remain in the address that you tried to send it from.
That's not entirely true. I've had unconfirmed transactions (specifically, those sent without fee), that have been unconfirmed for 2-3 days, but eventually were confirmed. So I'm not sure what the hard-and-fast rules are here. |
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I sure hope he destroyed the private keys. I prefer not to think about the massive amount of bitcoin that is potentially held by one person, or one group of people. It's probably all good....  |
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Gotta have my limit orders on the books. I'm not the type to send my coins from storage in panic once I've missed selling the top. It's hard to resist the urge to trade bitcoin's swings.
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You can't pay off bills, like credit card bills and things like that. I think it has to do with tax issues, at least for the US. There was a "bill pay" service for bicoin (can't remember the site), but they could only do fulfillment-type bills (ordering stuff from vendors).
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Martin gale will work on small ammounts on a big balance. Just quit whilst you're ahead and don't get greedy.
Not really, you can also bust on the first few rounds, even if you have a big balance, the risk is actually higher here. This gambling system works so that you must take ever escalating risks to potentially receive a small reward that does not increase with your increased risk. You can certainly run up small amounts, though. I wouldn't risk much. But I've made good gains on Martingale, taking profit early always. Sure, my luck could turn though, but at this point, I only bet with pure profit. |
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Still looking pretty bullish. Bears couldn't push it down even with those big ask walls on Huobi. There's a lot of support here. I'm holding, and considering a small leveraged long.... if I can get swap that isn't outrageous.
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All 1K in LTC. I have mined at least 20 altcoins in addition to BTC. None has been more stable and profitable than LTC. I don't bother with those premine coins or pump and dump schemes - money for a few but such a waste of time - the coins end up functionally dead - you're basically stealing money from new investors.
True, I'd certainly say LTC is reaching bottom against BTC. Could dip lower, but from a long term perspective, LTC should definitely go up against BTC to retest some of those historical levels -- .035 and up. Honestly, in the next week, I see litecoin jumping about 30-40 cents (up to at least $10) just to balance out the difference between LTC and BTC. I'm talking much, much bigger. And I think LTC will outperform BTC in the short term -- similar to November 2013. I think it is getting near the bottom of its all time log trend against BTC, and is bound to pop. Could double, triple, quadruple against BTC I think. |
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All 1K in LTC. I have mined at least 20 altcoins in addition to BTC. None has been more stable and profitable than LTC. I don't bother with those premine coins or pump and dump schemes - money for a few but such a waste of time - the coins end up functionally dead - you're basically stealing money from new investors.
True, I'd certainly say LTC is reaching bottom against BTC. Could dip lower, but from a long term perspective, LTC should definitely go up against BTC to retest some of those historical levels -- .035 and up. |
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Mining is essential to keep the network going. The 25 BTC with a block is called a block reward because it is what it says it is - a reward for successfully hashing the block.
Read up on the protocol documentation to find out more.
When 21M BTC are rewarded from blocks, there will be no more blocks that have a reward, but miners will still be rewarded with all the tx fees, just as they are now.
If everyone shuts down their ASIC units, the difficulty will go down, and GPU mining would then be back. But it's 2140, who knows what's gonna happen in 100+ years.
To be honest, I'd be very surprised if bitcoin survived that long. I think there could be existential threats (such as new decryption methods that threaten public/private key security, etc) that loom within that time. Hopefully not, but....  |
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Scam? Maybe not. But "quickly"? I think not. If you've got absolutely nothing to do in the world, maybe consider wasting time on this. I'd rather watch paint dry, personally. |
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I think as long we hold $550 or so, we'll keep the up trend alive. That's a very crucial level, and if we drop below that on volume, I think we're back to a bear market and possibly retesting that $340 low. Bitcoin is crazy like that.
As long as the silk road coins are not sold ...this bounching will continue and we will see heavy dumps after SR coins sold in the market? that's not good to buy bitcoin for now right  i don't know that they will be dumped. it's not even that many coins. and there could be a lot of pent-up demand for coins off-exchange (no slippage). Compared to the ordinary inflating supply (from mining), it's really not that big of a deal, in terms of # of coins. And I agree -- there's a lot of investors that want in, but don't want to deal with the exchanges. I don't think those coins will be dumped. |
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Here's the way I see it. If bitcoin is adopted, it will be worth much, much more than now. So in that sense, there should still be solid incentive for miners to process transactions. Well, I hope so, anyway. |
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Hard to explain a sociopath, really. I think there is probably some literature out there on it, though, by psychiatrists and such. I would start there. |
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Indeed, I would never use a bitcoin address that I hadn't generated myself. That's just a huge security risk. Plus, I never saw the big attraction with vanity addresses. They're just for transacting with, not advertising.... not effect advertising, anyway.  |
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If someone was to give you $1000 to invest in any altcoin other than bitcoin what would you buy and why?
Altcoin? Hmm, I suppose I'd watch for hype in the altcoin announcement forum and buy some coins on the cheap before they make it to an exchange. Specifics are difficult..... |
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Turning 27 in a couple months. Feeling pretty damn old. Weird how it creeps up on you. I'm certainly feeling much older and crustier than my earlier twenties....   |
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Would be amazed to see bitcoin reach heights as high as 3800-4000. A bit skeptical that they will get that high but agree something big a brewin.
I'm convinced that we will see those levels, and probably much, much higher as well. But I am not convinced at all that we are entering another bubble in the very near future. You all know what they say about everyone expecting the same thing, right? |
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I'm not convinced that the "Willy Bot", if it existed, was really responsible. There was an incredible surge of buying on BTCChina from the SR crash on. I still feel it was China-fueled.
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Wow, this is surprising to me. Hasn't he been around for years? I would have thought at least thousands. Maybe he did have many thousands and sold them all and is now a fiat millionaire.  |
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