I found their website to be painfully slow the past few days, although today it seems to be more responsive.

That's not what Jacce meant though, he's correct, as long as all that dust is in a single wallet, just go by the total balance, doesn't matter if its thousands of tiny bits collected together, or even seperate addresses, they're all pooled in a transfer no problems if the total balance is high enough.

Surely this is against forum rules. Mislead people with positive review of something using older accounts to look more genuine.

Now that's some hardcore paranoia. I would be more concerned about the health implications of such paranoia as stress can cause real damage.

How about "I'd like t-shirt for fifty eight mB's"    (pronounced em-bees)

Yeah, I read about that after posting. Thing is, it is a 0.01 transaction so no fee added, but it seems to me miners are increasingly unlikely to want to process any kind of zero fee transaction anymore, mines still pending as unconfirmed, so perhaps blockchain and other sites ought to consider adding at least a small fee to all quick send transactions. I will be using custom from now on.

Is Blockchains Quick Send option inherently flawed?

I just made a transfer using it and then immediately regretted it as its still unconfirmed and the confirmation time & queue position keeps increasing. It says it made it using a 0 transfer fee. I had perhaps stupidly assumed quick send meant Blockchain gave the appropriate nominal fee amount to the transfer on your behalf, I didn't realise quick send actually meant no transfer fee!.

But what is the point of quick send at all if it means the chances of sending coins successfully is slim to none?

What I don't also get is, in Blockchains account settings there's an option to set the default fee, either Frugal, Normal, or Generous. It was set to normal.  I had assumed this specifically refers to the Quick Send option (as custom send you specify the fee amount yourself),  so why was my transfer of 0.01BTC done with no transaction fee attached?.

A large part of such a decision depends on just how many Bitcoins a person has and when they bought them, this will vary greatly giving a very different perspective on the price.

As for myself,someone who got into Bitcoins far too late and own very little, I will of  course be holding and hoping it skyrockets long term.

It's going to be very interesting to see how the market reacts during this period.  One could argue they already are, it wouldn't surprise me if we see a sudden big movement in the price of Bitcoin up or down just before the hearings, and then shortly after.

It's something we see a lot in other markets like precious metals whenever there is going to be an announcement on employment figures or QE tapering, the market plays its little game around it with a sharp bounce.

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Thank you

Thanks for the info.

BitCoins just a catchy name, I like it anyways. I really don't think its the name thats holding it back in the large scheme of things, other factors yes, nice catchy name? naaa.

Extraordinary the speed that its started taking off with more businesses adopting it this past month.

It is a fascinating thing to think about, when we know the exact maximum finite amount of Bitcoins.

Assuming Bitcoin really did takeoff and go mainstream to be used by hundreds of millions of people, that puts even those who own just 1 Bitcoin in a strong position. And for those who own the most Bitcoins, in terms of FIAT,  billionares?  trillionares?.

I would very much like to know what they have to say and what exactly they classify Bitcoin as currently.

It's something I've been curious as to as well, like lets say I generate Bitcoins for free (well almost free, time invested), then sell them to a private individual directly, does that come under capital gains, or just standard income or what?.  And if Bitcoins do get officially designated as money or currency here in the UK, does simply owning Bitcoins become taxable? or is it still only at the point of selling them for pounds that it does?.

Those people behind such viruses really make my blood boil, taking advantage of the elderly is something that really makes me angry.  It's no different to cold calling door to door scammers that deliberately target old people, convincing them their house has some serious structural damage and refusing to leave their livingroom until they sign a contract for £10,000 repairs.

They are the scum of the earth as far as I'm concerned.

Surely a currency IS a medium of exchange, thats its very definition.  Given that one can exchange Bitcoins for an increasingly wide range of items from electronics to holidays to ordering a pizza, or simply exchanging to other currencies of course via the many exchanges all over the world, it would be hard to convince the Senate that Bitcoin wasn't becoming a currency.

Ouch, hope you manage to receive them eventually!.

Out of interest, what made you decide to create a 2nd wallet in Multibit, when the one that you tested a transaction on was the first?, surely it would have made more sense to send the rest to the same wallet and address you'd already tested?!.

Dictionary definition of 'currency'


currency
  Use Currency in a sentence
cur·ren·cy
[kur-uhn-see, kuhr-] Show IPA
noun, plural cur·ren·cies.
1.
something that is used as a medium of exchange; money.
2.
general acceptance; prevalence; vogue.
3.
a time or period during which something is widely accepted and circulated.
4.
the fact or quality of being widely accepted and circulated from person to person.
5.
circulation, as of coin.


In my mind Bitcoin is fast becomming a fully fledged currency.

Especially with news stories such as:

http://www.coindesk.com/netherlands-food-delivery-network-bitcoin/
and
http://www.coindesk.com/shopify-integrates-bitcoin-payments/

I wonder how many characters long his password was.

Come to think of it, what is generally accepted as a good minimum length of primary password for a wallet.dat file?