15 officers injured at the moment, two hospitalized.
The rioters actually hurt the cause. People are pretty rightfully siding with the police today. The meaning of the protests are now watered down by forced association with a group of criminals. Robbing two liquor stores, a mall, a cell phone store, a CVS, and the small shops on Main Streets doesn't further people's disgust with police brutality. The rioters just gave the police a good press day, and justification of their presence.
That's sort of clever propagandaish stuff. They are not rioting to become part of your 'cause'. I do kind of see their point, though I obviously don't agree with what the rioters are doing. Every week there is a new story about the police shooting and killing black people who are unarmed and/or running away. If the police kept of killing people who looked like me, I would be pretty scared too! This has been going on for too long and they have reached the tipping point where something needs to be done. It's hard as they can't disarm the police in America, as they'd be sitting ducks then, but they have to show some restraint! |
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Miners might have to look at alternative energy. Maybe the big mining farms in the future will be run off huge solar pannels or wind turbines etc and generate their own electricity for free.
I agree with this, should probably use an alternative electricity or create their own power source for mining purposes. But the total cost (machine+human+electricity) is the same even if all of us use cheap electricity. We will buy more machine to mine and total electricity cost will remain the same. If we have more efficient machines, we will also buy more, the result is the same. The total cost of mining is more or less same as the block reward including fees. New generation miners will become more efficient reducing the amount of electricity needed. Bitcoin mining farms will also be more often powered by hydro-electric/solar/wind power, also reducing the negative CO2 emissions related to bitcoin mining. If the price rises as you say, then difficulty will rise accordingly, but the mining profit margins will remain razor thin, meaning people will have to become more efficient somehow. |
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It's a fairly interesting idea if they can mine more than cost.
Add hash to a secure network and raise the difficulty without adding much value to the network besides the miners, is the whole point of the company.
Keep control through their mining presence and get some coins.
In this sense, the system is self-perpetuating. Each transaction of bitcoins must be verified and added to the ledger by bitcoin miners, who are then rewarded for each successful verification. With more bitcoins.
I am surprised that a company in America can mine at a profit, and at such a profit that it is worth investors while to invest. I wonder if they have some special mining equiptment, or if they have a renewable energy source that means they basically get free electricity. Otherwise as far as I am aware, ROI is either luck or improbable! |
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The fed isn't raising rates, not in 2015 anyway, if ever.
I have to agree with that, I don't see the entire world lowering rates to zero or below zero, whilst America raises rates! The strength of the dollar would increase even more, beyond parity, destroying their exports. It hurts the rest of the world too as things like gold and oil are priced in USD, so if it stays the same price, then they relatively go up in value in other currencies... |
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I received a tiny BTC deposit in my wallet recently. I don't know where it came from and I hadn't sent or received to or from my wallet in about 2 weeks before the deposit. Could this be something to be concerned about?
I have received nominal amounts of bitcoin before, but then it disappears again a while later.. I was a bit worried about it when it first happened, then concerned about how someone can send money and it not actually be in my account, I still don't get it, but it seems to be a bitcoin quirk.. |
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Techcrunch is saying that the numbers are skewed. And basically is saying that the coindesk article was trying to make BTC look like it's booming when in fact it's not by manipulating how the numbers are presented.
Which number are skewed, the number of transactions, the VC investment numbers or the number of businesses accepting Bitcoin? Bitpay claim to be doing more business, so that isn't a coindesk article, surely the VC investment numbers are easily trackable, and the data shown above doesn't show that Bitcoin is doing well, or do you mean that they were lying in the past, and now they are slowing bringing the numbers into line? |
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So, The gold price fell below $1,200 last week and like other investors, you too are bearish on gold bullion. There are people who have a tendency to be bearish on Investing in Physical Gold and they keep on suggesting that you should too. I have seen and many of you would also agree with me that investors have done extremely well when they have shown the courage to go against the trend and hold a position when others or a majority is downright negative on the same thing. If you look closely to the situation around, you will realize that gold bullion is offering that same golden opportunity to you. Watch this video--Lombardi says there is a classic supply/demand squeeze is in the works that could push up gold prices significantly. https://www.youtube.com/watch?v=ippoROePWoQ Isn't denial in the beginning of a downtrend?  Gold doesn't work as a supply demand commodity though. The cost per oz to mine gold is tiny compared to the price of gold, it has a high value because it is a store of value. I do think that some country will back their currency with gold, then the price will rise massively as they will need to buy more everytime they do QE, until then the powers that be can do what they want to the price of gold. |
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stevia flavored drinks, and diet soft drinks. They supplemented this with non-soy vegetable protein shakes and vitamins.
Just eat a normal healthy diet! Stevia flavoured drinks? diet soft drinks? just drink water! You don't need extra protein or vitamins, eat some fruit and veg and unless you are really really sporty, you don't need more protein either. |
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It all depends on how much calories you burn each day. If you were running 10 km each day and ate burgers with fries after the workout you still wouldn't become fat.
I think this is the reason they feel obliged to write headlines saying that exercise ifn't important in weight control. If you run 10km you will burn around about 700kcal, that is not a large meal. If you over-eat because you ran 10km then you will gain weight. Too many people hink because they go swimming (actually more floating) or run a 5k, they can eat what they want and not be over-weight, that is rubbish though. Also by the way, if 10km per day was supposed to be an extreme example of running, you don't run very much! |
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The previous generations didn't pay their share. No real reason to expect we'll pay ours either.
At some point, investors' appetite for US bonds may decrease. Then the music stops in this musical chairs game. Only if the investors aren't the Fed or banks that are given trillions of dollars whenever their appetite starts to fade! As that is wholely decided by the Fed, and thus the government, there is no reason for it ever to happen. Hyper-inflation could happen, but it seems a long way away at the moment. By the way, bitcointalk isn't just for Americans, I don't have any of the US national debt. |
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Bitcoin AnalogyImagine there are a group of lockers in a public place. Each locker has the following: A lock that requires a key A window to see inside A slot that money can be put in An identifying number A group of these lockers might look like this:  .... http://jrruethe.github.io/blog/2015/04/26/bitcoin-analogy/ I like it. I can take some of the contents from my locker using my private key and pass it to you, so that it goes in your locker protected by your private key, the lockers remain private, but the transaction can be followed by anyone who cares to look. It doesn't really show the mining aspect of bitcoin though! There would have to be extra lockers with combination codes by the side, once you break the combination code, then you can move the contents in to your private locker! The extra lockers would be large to start with, but of ever decreasing size, to denote the halving of the rewards! |
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looks mostly likely more sideways action to come, traders rely on big moves in either direction, but remember bitcoin price can stay calm for around a year as we've seen at $10. For the last 6 months or so the general pattern has been - sideways, creep up, crash down, repeat. You can do all the technical anylsis you want, the sporadic crashes that knock the price $20+ in a few minutes aren't predictable and could stop or occur at anytime. Until they stop happening, the price will remain low. As soon as they stop, the creep up in price that happens between flash crashes can continue unabated. |
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Being able to differentiate behavior of coin A to another coin B ("coin" being a unit of any so-called programmable currency such as bitcoin, but this proposition is not bitcoin-specific), in a persistent way, means coins A and B have different utility, are no longer functionally interchangeable, and therefore are worth different things to different users. This breaks fungibility.
Alternatively, if programming is not persistent across transactions, it has no memory (apart from the most rudimentary unique identity, such as a serial number) and thus is not "programmable" but "able to be tracked by something else". This makes the coin no different than any current electronic payment system where external, programmable scaffolding (in the form of off-ledger memory and logic) is used to track, route, and generally superimpose conditional behavior onto the currency.
Are fungible currency and programmable currency mutually exclusive concepts?
If I understand you correctly, could the exact same thing not be said about different fiat currencies? I can't spend USD or AUD here in Europe, I would need to exchange them first. That doesn't make those currencies non-fungible, rather limited to a certain setting. In a world where lots of cryptocurrencies are accepted, they would all be fungible, but would require exchanges to allow them to be useful in all situations. I personally don't think we will see that situation arise, during the alt coin boom people were releasing milkcoin to buy milk, and sugarcoin to buy sugar, I don't see that as a reasonable future for Crypto, I think there will be one major crypto, or they will be geographically split as now with fiat. |
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The bitcoin-watching news service CoinDesk recently released its first quarter look into the cryptocurrency’s performance during the opening months of 2015. Mostly the data is net positive, showing an increase in total wallets, and investment. However, there are a number of included data points that demonstrate slowing growth in key bitcoin, and bitcoin-related areas. The collected data indicates that the first quarter of 2015 was the most popular ever in terms of the dollar-value of venture capital investments made into the bitcoin ecosystem. That data point, however, is skewed by a single investment — the $116 round million invested into 21, a company that remains at least partially occluded in terms of its ambitions. Aside from that single investment, first quarter venture investment was on par — $113 million — with the preceding fourth quarter. Key to bitcoin’s performance, at least from an external perspective, is the number of wallets in existence. Those receptacles and storage locations of bitcoin help the market understand how many new people the cryptocurrency is attracting. In the first quarter, according to the CoinDesk report, total wallets grew from 7.4 million to 8.4 million, up 14 percent on a sequential quarter basis. That growth rate is likely under expectations from a year ago. The market value of all bitcoin in circulation — some remains yet-to-be-mined — fell from the last quarter of 2014 to the first quarter of 2015 by 36 percent. Last thought, here’s CoinDesk’s aggregate new merchant adoption of bitcoin:  I hadn't seen that chart before, I knew that the number of transactions was increasing and the amount of VC money being invested in the environment was massively increased, but it is a little worrying that fewer companies are moving towards Bitcoin every quarter. It is also exactly the opposite of what I would have expected. BitPay have said that they are seeing loads more turnover, where is that coming from then? It can't be that the companies that already accept bitcoin are seeing ever increasing numbers of bitcoin transactions, but other non-BTC acceptin companies are ignoring that and staying clear, that would just be weird business! |
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Who exactly are you shouting at, or complaining to? You do know that no one can change that your confirmations are taking so long don't you?
Maybe increase the transaction fee, or you have just been unlucky a couple of times in a row. It isn't really a big issue when you try to spend them, but for moving BTC to exchanges or other wallets I see that it is annoying.
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I just completed the MtGox Bankruptcy Claim via the Kraken website and I'm sure I'm not the only person who has filed a claim over the past week or so. It was a relatively straightforward process, although I was a bit hazy about which bank account information I supplied to MtGox as part of the verification process, but other than that, it was pretty standard and pleasingly quick. It took me back to the days when the price was getting hammered, fear was rampant and then the seemingly inevitable failure of Gox occurred. I also remembered a YouTube song from the time, googled it and found it still up but with only 46000 hits: https://www.youtube.com/watch?v=K2ku1A5Ox8UI'm not saying it is a great musical composition, but I do say that it has stuck in my head as a memory relating to the Gox incident which followed other chaos including Bitfunder going under and TradeFortress collapsing. Just wondering how many other folks are filing the MtGox claim form and what memories they might recall from those dark days?  I had enough trouble remembering my log in and password! I wasn't sure how much I was claiming for exactly, so had to go back and look how much was in my account, I am quite lucky that I didn't have too much in there when they went under. The claim forms were pretty simple in my opinion, and the 2 levels of verification required are pretty easy too. I live in Germany though and I am not sure if I need to do the 3rd level for the Gox calim or not.. Then I need to start messing around with photos or photo IDs, that would be a bit more annoying! One strange memory for me is that my browser still remembers Gox everytime I go to bitcoinity to check the price. Then I get a message saying that they don't know how I got there but it isn't available anymore  |
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I do wonder if at some point in the future, when the oil isn't quite so easy for the Saudis to get to, they will rue times like this. Right now they can get it out of the ground for about $10 a barrel, so they make money on every barrel pumped, but $20 and pumping 10% more is crap compared to making $90 a barrel and pumping 25% less. At the moment it is all fine and dandy, but wait a while and I think they will wonder what they did with their once massive oil reserves. It happened to the UK, only now do we look and see that we essentially wasted the income, whereas Norway has done it right by investing the revenue for the population. |
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What?? So if I have a single antminer S4, is that deemable to be taxed in Canada?
What is the threshold for having to pay taxes of your profits?
Technically yes. It will depend on how Canada tread bitcoin though. I would guess it would be a capital gain, in which case in Canada you would pay half of your normal income tax rate on it (remember, only on the profit i.e. after paying electricty and buying anything related to mining.) As unrealized capital gains aren't taxed, it is more complicated, as is Bitcoin money, so have you relaized your profit, or does that only happen when it is in Fiat? I woldn't worry about it, but it could be an issue for big miners in the future. (I am not an accountant and am not offering tax advice) |
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You don't have to use Kraken. There are three options. listed at http://www.mtgox.com/img/pdf/201504_faq_en.pdf, which is operated by the bankruptcy trustee. 1. Use the bankruptcy trustee's online system. 2. File on paper with the Tokyo court, in Japanese. 3. Use the Kraken system. Option 1 is probably the best. You get paid in yen. Debts denominated in Bitcoins will be converted to yen at the price of Bitcoin the day before the bankruptcy was filed, 1 Bitcoin = $483 = 50,058.12 yen. That's the way bankruptcy works. Everything gets liquidated down to the local currency and creditors are paid from that. You don't want to be paid in Bitcoin anyway, since the price has crashed since the bankruptcy and is way below $483 now. So i lost 30 bitcoins in gox, if i claim via kraken i'll get approx 6 bitcoins - 20% If i claim via option 1 i will get 6 x $483 but in yen? i dont understand how 1 way can pay me twice as much? As I understand it, they will refund in Bitcoin, if that is possible and allowed. If they can't refund in bitcoin for legal reasons, then they will refund in cash. They have given BTC a cash value from a certain time point, but there is still only so much money to go around. I would guess that we would either receive 25% back in bitcoin, or 12.5% in cash (assuming the value of Bitcoin stays where it is now) |
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I believe we're moving quite fast, even though it's clear that facebook grew faster.
The growth of facebook will slow, but bitcoin will continue to grow for many years. In fairness the growth of facebook has to slow, unless they want everyone in the world to have multiple accounts! Bitcoin has a higher potential market than facebook, but is way way behind in terms of growth, but then I use facebook more often than I use Bitcoin, and I am probably a big bitcoin user (I use it whenever I can, within reason) When bitcoin is accepted in more places, then it will have a tipping point when more people will start using it. Much like facebook, if your friends are all on facebook and you are on myspace, you will move to facebook. |
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