Of course. We are less than a decade old. What other thing have survived more than a decade, but has existed in its original state? Ill wait. the only constant thing in this world, is change. There is always space for improvement, and this is pretty much the aim of legitimate alts; impovement. They all have different strengths and weaknesses; the fact that there are so many makes a complete, rounded economy  and improvement is democratically accepted, via the BIP protocol. bitcoin, actual bitcoin, will never replace fiat. its the prototype; how many cars have we made since we completed the Model T? Many coins will come after bitcoin, this is just the beginning. I used to be a maximalist, but now Im of the mind to let Satoshi's shit be, this isnt what he wanted from all this. although bitcoin is the most trusted, which is like, everything in this non reversible place, if another cryptocurrency appears with stronger/more convincing features; bitcoin will be yesterday. Value the technology. Not the asset. |
|
|
|
Your parents are trying to protect you from yourself.
Cookie and handclap, noble sir. Listen to your parents. Unless you are making many, many times the going rate for MMO clickwork, you are being exploited and wasting your time. Yours is a market saturated with workers; and unless you are playing an RCE game (namely, Planet Calypso) then your returns most likely arent worth it. Get a job, brospeh. I seriously dont know what you are getting paid, nor do I know what your standard of living is, but like the most basic job you can get (flipping burgers, throwing papers, cutting grass, fuck man, digging a ditch) should net you more per hour than what you are getting now. If you are going to play an mmo, play it for fun. Not for profit. You are beating a dead horse with this idea, and following a dead end path. If you like playing games for money however, look up Real Cash Economy games. There arent alot. But this is how you make money from playing a game. |
|
|
|
To all the miners - please leave that Bitcoin Cash! Focus only on Bitcoin - the future!  Don't worry, they will come back to Bitcoin, with the BCC difficulty adjustment LOL, I too am waiting for this. After the difficulty readjusts, and the price too (they will learn). No one has questioned why people are willing to pay 600-1000 dollars for a forked coin that still, like bitcoin, has no real world basis in value. This is all a bubble, people. Bitcoin is innovative, but the blockchain is the real winner here. Are we really paying these ridiculous, purely speculative prices for a technology that is open sourced? are we pretty much paying this much simply to participate in bitcoin? and how long do you think we will be able to keep this up? this growth is clearly not sustainable, by the literal textbook definition of "unsustainable economic growth". Caveat emptor. |
|
|
|
The micropayment markets have been gone for awhile. Now the markets in the moderate ranges are being effected....many (almost all) of the early adopters were the moderate ranged markets ---> e-stuff, coffee shops, vape clubs....this is going to have a longer lasting effect I believe....confidence in the platform is waning. Who's going to invest in a merchant gateway that's unpredictably fickle and subject to becoming obsolete? I don't know, I'm beginning to think the bitcoin cash syndicate was right all along.
Yezzir. To be honest, paying bills in btc is starting to become a pain in the ass (I dont keep money in exchange wallets unless absolutely necessary, so I send money in as I need it, to Coinbase, to use my shift card.) A 100 dollar bill has a 3-5 dollar additional fee on it, a twenty dollar tank of gas has something like a 10-20% fee on it  . It got so bad, fee wise and congestion wise, that I switched over to my eth wallet to fund my card. Much faster, much cheaper. Bitcoin is playing a dangerous game. Nostalgia is great, but we are going to get left in the dust. |
|
|
|
Yeah, fees are getting out of hand. I think this might be the downfall of BTC - if fees keep rising and transactions get slower.
I agree, Colorado boy. You can't send dust anymore, and using faucets is even more of a waste of time, because I do believe it adds to your inputs, which then raises the fees when you go to send money. Faucets are a colossal waste of time anyway, but some are fun. Can't beat free money. And the confirmation times, ugh. I'm not going to call OP an idiot for wanting to hold altcoins, because some of them are good and the fees certainly beat bitcoin's. But I don't think bitcoin's going to crash soon. Amen. I used to have a "dustbin" wallet on coinbase, I would send a super low fee and point all my dust at that one wallet, for the sake of organization. that is a fools errand nowadays, either you will perish waiting for it to confirm, or a decent fee will eat you alive the fees have everything and nothing to do with the price, OP. Higher prices of course mean higher fees, thats how this works lol, the fees are denominated in BTC. But rising fees will never make the coin crash, so to speak, it will just make the network volume go down. people are quickly figuring out that bitcoin, at the moment, isnt the best choice for "small, casual transactions". in fact, unless you are transferring more than 100 USD worth of value, you should probably consider using a different medium of exchange than bitcoin. there are actually cheaper, faster alternatives. Hell, a money order through the mail, comparatively, is a better option, given that it is at least reversible |
|
|
|
|
Really poor people dont need bitcoin. For the truly poor, electricity and connectivity are non issues, behind food and water. They need fiat.
The truly rich also dont need bitcoin. They can invest in a business opportunity, and have way more growth potential as a function of time. They need fiat.
The moderates, already have fiat. They could benefit if they have enough disposable income to invest. Most of us don't, and when you are talking about your actually accrued wealth, this is a risky gamble.
Bitcoin only has benefits for the people that use it, online workers and sellers. Other than that, use fiat. its safer and more convenient, by a longshot.
|
|
|
|
Now bitcoin is not very good money it is true. But who is to blame? Bitcoin can be compared to weapons. You can use it to protect your life and can destroy and take away life from others. Bitcoin still not a currency. We are still on the way to this and much depends on our actions.
Man are you kidding me? Bitcoin is a pure source to be rich. It is right that bitcoin is not money because it is something better than that. It keeps your amount, your earning safe then how can you even think about bitcoin destroying others life. I mean come on. We are going to make it happen and we will make it happen it will not only become currency it will also take over all currencies of the world. its not all so rosy, broseph. this is quasi money, or better yet, Mammon (call it by its name). Money has been ruining peoples lives since we invented this silly shit, and will until we end all of this. have a bite http://nypost.com/2014/03/05/bitcoin-firm-ceo-found-dead-in-suspected-suicide/ (she was a pretty woman) http://www.realclearinvestigations.com/articles/2017/07/07/death_by_opioids_bought_with_bitcoin.html (because duuh) https://www.wired.com/beyond-the-beyond/2017/07/giant-mt-got-bitcoin-robbery-shoes-dropping-greece/ (MTGOX bros, you juust might get your bread back, one day) http://www.telegraph.co.uk/news/2017/08/05/british-model-kidnapped-milan-captor-tried-auction-online-for300000/ (because what the fuck really happened here?) and the beat goes on and on. bitcoin isnt perfect, by all means. its an interesting experiment that fills a growing niche extremely well. and yes, the OP is correct. bitcoin isnt money, just yet. money doesnt swing 50% either way on a bad day |
|
|
|
Small update. Tomorrow is payday, but my plane back is delayed and I'll be landing near midnight tomorrow. Therefore, I can't do post counting tomorrow.
I'll make post cutoff at 11:59 PM MDT tomorrow, and hopefully get counting done on Sunday. Future weeks should continue as normal.
My man, if you didnt get blown up, stung by a scorpion, molested by a stranger, or beat the fuck up by flight attendants, well then you had a good flight, by today's standards at least  Travel safely, and God bless you. |
|
|
|
You will pick which one of the several Bitcoin TV channels to watch. Everyone on this board now will be at least a millionaire.
Bitcoin TV channels will be something else. What will they be talking about all day long? Even if Bitcoin is wildly successful, getting Bitcoin TV channels in a year's time sounds way too optimistic. Bitcoin news would be sooo lopsided, LMAO. All that happens here is 90% scam, 5% bickering, and 5% actual innovation. Headlines would range from : "Someone got jacked at gunpoint for x BTC" to "someone got kidnapped and ransomed for x btc" to "upcoming fork" and finally, "New BIP proposal with full consensus". This has changed so, so much people. The scams acrually used to be much, much worse.  |
|
|
|
Bitcoin TV cnannels? How thould they work? If you mean a channel that broacast 24/7 news about bitcoin then it sounds boring. I'm not sure that some will be able to make a lot of interesting matrial on a daily basis. Even within a year.
OP is quite optimistic Wont address the market cap (ok, I will ) https://www.fool.com/investing/2017/08/17/how-does-bitcoins-market-cap-stack-up-next-to-gold.aspxAccording to a 2013 report from Thompson Reuters GFMS, it was believed that 171,300 tons of gold had either been mined or was still in the ground. Since there are 32,000 ounces per ton, we're talking about 5.482 billion ounces of gold in the entire world, based on this report. If each ounce was worth about $1,290, the world's gold supply would have an implied market cap of $7.07 trillion dollars. That's more than 100 times the market cap of bitcoin at its all-time high! for perspective, we would be looking at 10x the entire market cap of gold. we have been mining bitcoin for less than a decade; we have been mining gold since the dawn of time. now lets address the tv. i could see some bitcoin promotions, to raise awareness, but after that it would be hard to advertise money at people. it would be like a business news channel with only one stock, and it would be biased af, for obvious reasons LOL. |
|
|
|
If you travel abroad from time to time, you are probably used to change money: to do so, you have to find a change office and accept the rates they offer. Many of them also ask to pay a fixed-amount fee, they want more money than what they get from the fx rate.... If it is a touristic place, there may be a little competition from different change offices, at least, if they don't agree prices. But in general, as an individual, you have very little power, you can't hardly negotitate, only accept what they propose... On the other side, if you choose to withdraw money from an ATM with your credit card, you will be paying the FX rate your bank decides to apply to you, with potentially other fees...
However, if Bitcoin become an accepted currency in shops worlwide, we could avoid to change money to the local currency. We will still need to change from OUR currency to Bitcoin, but I feel that we have a much larger negotiting power on that:
- you can do it anytime from your home
- you may automatically buy Bitcoin with a given limit at interesting rates, intead of accepting the prices proposed by a few change offices in the area
- you may have already created a Bitcoin wallet and be used to it: you will automatically understand if a price in a shop is cheap or expensive because you are used to see prices in bitcoins, instead of having to translate into your currency...
- you may keep the remaining money in Bitcoins and still be able to use it when you are back home, etc...
Bitcoin would work as a parallel universal currency, a situation that already exists with USD in many countries, where it is used in parallel with the local currency.
But of course, prior to that, it will need to become widely accepted and have a more stable price
What do you think? Have you ever used bitcoin when travelling abroad?
I have actually thought about it as well that rather than going from here to another country and having to go through all those bottlenecks, I will just decide to keep my money in btc and sell when I get there but there will equally be limitation so far btc has not been generally accepted and its because some Point of Entry officers always mandate that one have required amount of cash to be able to enter and aside that, one needs to understand how it works there at the moment or else. The first action in a foreign country will be committing an offence. OP has a pretty good idea, here are a few caveats: You can use most bank cards , esp those with the 3Dsecure feature, damn near internationally. If they accept a card, they will usually accept a 3dsecure branded card. You will pay a fee, however, for using it outside of its boundaries. You can bring bitcoin, but in some countries, as a foreigner there I would want to use a bank, or a known service, to convert from bitcoin to local fiat. There are horror stories of guys getting scammed on the board during in person transactions; not speaking the language would also be a huge barrier to using trusted guys on localbitcoins (local bitcoin is freaking everywhere). Local cops might not look too fondly on a foreign person crossing the border and immediately starting to convert into local currency from a crypto, they dont have alot of trust everywhere just yet, and are still associated with criminal bullshit in the eyes of the public. Same deal when you eventually leave. If you have local fiat, it would be a pain to convert that to bitcoin. You would end up converting it back to your native fiat, for when you get home, at a fee. Best solution, and the most secure? A traveler's check. There is a reason why they are named as such |
|
|
|
Transactions NEVER expire. In bitcoin core, you can abandon a transaction. Otherwise, your client keeps broadcasting it. Try contacting macbook-air to get this confirmed. Transaction now has 9 confirmations. Give me some clarity on this, As an old head, I always assumed that transactions persist in the mempool for a while ( a few days, maybe a week) but I was told that eventually they will fall out of the mempool if they remained unconfirmed for a significant amount of time. Did I get some bummy info concerning this, or are you referring to the permanent nature of a transaction once it gets its first confirm? I have always been unaware of the constraint/value that determines when a transaction falls out of the mempool, if this is indeed accurate info. Please, someone clear me up on this, appreciated in advance If you're using core, your transaction can be removed fromthe network with the abandon transaction command. As this is a command in core, there is clearly no short constraint. Until you produce another transaction from that same inout and get that accepted by the network (as it has a higher fee) it will clear the other one from the mempool as the other transaction becomes invalid as it is a double spend of the same input. As far as I am aware, there used to be a constraint of 72 hours which seems more and more like a weird value as I have had transactions last for weeks before they get confirmed before. Also, If you are using a client like electrum, then, when you load up the client, you transaction continues to be broadcast to the network, and also block explorers like blockchain.info will keep broadcasting transactions in a way as thy go throuh their servers. (I'm interested to know if anyone's had a TX expire though)? I think I heard this as well, but I was always confused by the arbitrary 72 hours ( I assumed this was roughly x number of blocks, block passage seem like the only concrete measure of time in this space, where everything is so variable. When I worked at CEX.IO, the techs told us about peoples transactions falling out of the mempool/expiring, but I only have had second hand accounts, and never made or witnessed a transaction that was subject to this rule personally. For all the incoming btc transactions on tickets, this never once actually happened on a ticket. It would always eventually confirm, the longest I have personally witnessed was about 5.5 days. Talking about bitcoin only; ive seen some shitcoin txs pend for weeks, while the devs made major changes to the wallet code. Im curious too, has anyone here ever personally had a transaction expire on them? And if you remember, what was the state of the network at the time? |
|
|
|
Not trying to shit on OP, but the easiest, cheapest way to avoid this is to simply increase your fee. If you have been around long enough, you know that the current level of congestion means you should use anything else but bitcoin at this point to move your value around. But if you insist, and time is of the essence, 1.5-2x your fee for normative confirmation times. If you fuck that up, well, that what the OP is here for. what he is offering is a greatly accelerated transaction; I can attest from experience that the typical acceleration apps/portals dont work so good when the entirety of the sphere is also using them at the same time. If the OP can deliver within a predictable time frame, then weigh your opportunity cost. If its not worth waiting (you are trying to arb, for example), then accelerate it, dammit. |
|
|
|
Transactions NEVER expire. In bitcoin core, you can abandon a transaction. Otherwise, your client keeps broadcasting it. Try contacting macbook-air to get this confirmed. Transaction now has 9 confirmations. Give me some clarity on this, As an old head, I always assumed that transactions persist in the mempool for a while ( a few days, maybe a week) but I was told that eventually they will fall out of the mempool if they remained unconfirmed for a significant amount of time. Did I get some bummy info concerning this, or are you referring to the permanent nature of a transaction once it gets its first confirm? I have always been unaware of the constraint/value that determines when a transaction falls out of the mempool, if this is indeed accurate info. Please, someone clear me up on this, appreciated in advance |
|
|
|
Yeah nah. Trump has problems grasping the basic concepts of government, diplomacy, and economy. I think it's safe to say that Trump is most likely largely unaware of bitcoin, save what he gleaned from Sessions before they had their 'falling out,'. Nice fake Trump quote On the real, I think Spicer mentioned something Crypto on social media at some point, I don't remember. And if anyone was aware of Crypto in the entire administration, it would most likely be Bannon. Its hard to completely distrust the government, and still trust its fiat  |
|
|
|
I suppose that Bitcoin will become a kind of gold bullion for individuals with much higher price than now as well as the blockchain technology will transform into Fort Knox. If seriously, I think there are too many possible options and we cannot predict the exact one.
I actually hold with the new guy here Cryptos are now a feature, so I don't expect us to be using bitcoin like a Fiat into the far future. Something bigger and better will certainly come along, that encompasses the best of bitcoin and the best of fiat. What I see for long term BTC is; the trust in the protocol grows to a level where people equate bitcoin with 'digital gold'. When I say good, I am trying to evoke the trust that gold has garnered over the ages. For the trader, the liquidity of bitcoin is vastly superior to gold, I can see the 20k plus valuations actually making sense at that point. Bitcoin may even become a collector's item, given the scarcity. |
|
|
|
|
I'm not aware of the particular DDos event you are referring to (is this ongoing, recent?) but I will say this; attacks using compromised devices on the IoT are responsible for some of the massive Ddosage we have seen semi recently. There is no way these guys are using their own resources for something like this; I think I remember CEX.IO getting hit with a record setting ddos a few years back, and Cloudflare was complaining about 'previously unseen' levels of traffic. That, go me, has to be a botnet, or the unthinkable, a state level actor.
|
|
|
|
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Sweet Jesus yes. Bitcoin is pretty much the literal antithesis of Fiat. Besides the lack of centralization, and it's deflationary nature, the pseudo anon nature is probably the kicker. Bitcoin enables capital flight; no gov wants that. They can't effect the protocol in a meaningful way, and a fair amount of criminality has attached itself to bitcoin because of the aforementioned points. Govs don't really have a reason to like bitcoin, it doesn't really jive for what has been pushed as sound monetary policy up to this point. But, bitcoin is still a bit undercapitalized as far as subverting a nations fiat. Maybe a teeny, tiny country |
|
|
|
I have a transaction that is unconfirmed and it's been about 36 hours. I don't think it has low fees, as I have done other transactions that were done in under 3hrs, but 36 is making me a little nervous
Txid: 4fe3a7a34e4715d5f4902ad80b0aab4cd51f9d4eda3889cb89cea19c15e09420
How long should I wait?
This one is a puzzler. You have enough fee, IMO, and thats not a small transaction. What wallet did you use to format/broadcast this transaction? Did this come from an exchange, by chance, and which one? According to this chart: https://bitcoinfees.21.co/your fee per byte 250.962 sat/B should net you an initial confirmation in 4-81 blocks (50-1320 minutes). Very curious about the wallet this came from, or else the network is trash right now. You dont have a choice, but keep waiting. At the worst, the transaction will fail to confirm, and its like it never happened if you were paying someone, make sure to resend if you have already received whatever you purchased |
|
|
|
I have attempted to accelerate your transaction through a few services. Most likely (of course if you are lucky, 24 sat/byte is fairly low) it will be confirmed in the next few blocks (probably today) the txpool is huge at the moment, so for your next tx double check your fee Dude, you rock for this, good community support Here are the most widely used accelerators (you want one attached to a decent sized pool , thats part of how this works) https://pool.viabtc.com/tools/txaccelerator/https://pushtx.btc.com/OP, if you do this in the future (dont do this in the future), you will get a similar result by using one of these. Whatever wallet allowed you to do this, stop using it. Use the core client (you can adjust the fees) or a decent, well reviewed android wallet ( again, you can adjust the fees). If these fees are a result of you trying to be frugal, be lucky. At the best these take a few days to process; at the worst, your transaction will drop out of the mempool, and you will have wasted your time. You learned a valuable lesson today |
|
|
|
|
Show Posts
