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I wish this will be true, lol, I will keep my 10 bitcoins and pray it one day become 10 millions and I will be rich. lol.
Seriously I don't think it will go to that level, $10000 is possible though.
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If bitcoin dies , Zcash will up and running the show. It's just a matter of switching to an alt coin.
For sure everyone will have to migrate to another coin to continue but it is probably hard to believe if bitcoin really dies, what about the people holding thousands of bitcoins in their wallets and what about the ones running exchanges and other websites with bitcoins? They would surely cry all day and then move towards something else. Bitcoin will be the last cybercoin to die, so many people have interests in it and will support it the best they can. Zcash is a joke, it is like any other altcoin, it will die before bitcoin for sure, without any doubt. |
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Of course as bitcoin is anonymous and is difficult to be tracked. No one wants government to track all your money moves. People want privacy. Also it is tamper proof so fraud is not easy to play with.
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is the bitcoin snapshot done? It is suppose to be December 25th at 00:00:00? What block is in the bitcoin blockchain? What is the final linked bitcoin?
Yes it's done. It was on Block #444951 Cool, waiting on distribution then. Anyone knows where is the data folder for byteball on mac that I need to backup? |
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I agree the statement that bitcoin will be the last cybercoin to die. All other coins will die first before the bitcoins. Because there's no coin with so much support for bitcoin. People invested billions into bitcoin and will not let it die easily.
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DAO attack has nothing to do with your wallet security. If you want wallet security, keep the wallet on your own machine, encrypt it, and backup it. Don't use online wallet. We've been hearing so many incidents regarding online wallets.
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this zcash fork still alive? I think it will die soon, with zcash price going down a lot compared a month ago. by the way, do we have windows wallet yet? I heard dev working on it for several months...
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Byteball die from wrong distribution
idiot. The ones who are in it for free coins will dump and those who didn't have BTC to participate in the distribution will be be able to sell to people who care about the project and want in I don't get why half post in this thread is about complaining the distribution not fair, lol. Greedy? everyone wants to get more. This one is distributed freely, no ICO, I really appreciate the dev does it. Stop complaining and enjoy your free coins! |
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I used bitcoin quite often, from paying my internet to paying my furnitures at overstock.com. It is great. But with value increasing in bitcoin, I guess I will need to preserve some of my bitcoins and hold it like the gold  |
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Bitcoin beat gold this year, does no mean it is better than gold. Gold has beat bitcoin in other years. Gold and bitcoin belong to the same internal value category and will shine during turmoils.
Agree, but with more and more people discover bitcoin, bitcoin tends to increase in its value faster than gold, at least these years. Both are excellent hedge against inflation and preservation of the value. |
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Incidentally, I finished developing our trustless exchange bot a day ago, just when you started this discussion. How did you know?
It will exchange only internal assets, not a replacement for poloniex etc.
Please provide some more details? how to use it? what internal assets you meant? Is it blackbyte? I don't see any other internal assets... |
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Don't think bitcoin will kill the income tax at all. In US, the IRS already asked people to report bitcoin's income. Of course you can choose to hide it, but it is no different than you have a foreign bank account, once caught it will be expensive for you.
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Chinese are actually chasing the money, they follow the free market rules, nothing wrong there. Any other countries can develop asic factories and make people interested in mining. The only unfair point is that many Chinese mining stealing state's electricity.
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Bitcoin can't be banned as it becomes a sizable industry now. People spent millions and millions dollar on it. It can be restricted though, if so it will become a dark gold used in underground traffic.
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The blockchain is definite real. The unique features are that it is de-centralized and tamper-proof. This is valuable for financial systems and in a few years we should see massive adoptions.
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Directions for running pump-and-dump scam:
(1) Copy code from existing coin, tweak parameters, create huge premine, and give it a catchy name.
(2) Create an ANN thread with flashy graphics, exalting the virtues of your coin.
(3) Create a scam signature campaign, promising to pay participants for wearing signatures and spamming social media.
(4) Maintain the signature campaign as long as possible by postponing payment.
(5) Watch resulting price rise, until it starts to level out.
(6) Dump the premine, get BTC for it.
(7) Leave.
Note that the scammer never has to pay a single satoshi.
Interesting topic and good scenario, except I don't think they need to do signature campaign. Because the signature campaign they will eed to pay weekly with either bitcoin or their own coin. If they pay their own coin people will just dump and creating more selling pressure. Possibly just nice graphics + hype, then followed by dump to make quick bucks. |
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The distribution model has become such a distraction it dominates the community conversation, should be speaking more about the merits of the technology and platform.
Yes all people are greedy and wish to get more, in a more "fair" deal to himself. Talking about tech stuff, I have a question: since there's no fixed block time, the tx happens as it comes, isn't that should be instant confirmation if there are enough activity going on? What is the delay of the confirmation? it heavily depend on the network activity? It is not instant, it takes a few minutes and depends on the overall activity in the network: the more activity, the faster. Why it is not instant? say if there are 1000 tx per second in the network, my transaction once done will be covered within a second by 50 other transactions, isn't that after 1 second my transaction will have 50 confirmations? If we put 10 confirmations as confirmed, isn't my tx is confirmed after less than 1 sec? Perhaps you got used to hear about N confirmations in Bitcoin. There is no such thing here, your transaction is either final or not. And getting covered advances it to being final. Getting covered by witnesses matters most (the structure of the DAG after your transaction also matters for finality). Witnesses earn fees from transactions they cover, and the more transactions per second there are in the network, the more frequently witnesses will post with positive ROI (they pay fees like everybody else). You will never get sub-second confirmation times because of network latency. OK so if I got it correctly, then if the transaction are covered by more than half witnesses' transactions it will be final thus confirmed? Are witnesses always emit transactions? What if none of the witness are doing tx? my tx will never get confirmed? |
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It's not other people's BTC anymore. The BTC are owned by the Komodo team's. People did invest in their ICO to get KMD back. So they have used their BTC to get something else in return, it's not their BTC anymore. No reason to ban ICO address. And the only reason exchange address are ban it's not because it use other people's BTC but because other people than the exchange owner were able to linked the address. ICO funds are in fact borrowed funds. ICO token is no more than acknowledgment of debt. These tokens are not earned by ICO starters, they are blown out of the air. Using ICO fund for snapshot is the same as exchange using user's money, no difference. Yes I agree that ICO fund is a borrowed fund, and borrowed fund shouldn't be used for profit, or they will need to distribute it to those who participated in ICO. If we can identify the fund are not belonging to oneself, then it may be reasonable to exclude it. |
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man, i haven't seen this thread for at least 2 years, where is it popped up? though no one discuss it much, we still consider it as one of the most important altcoins  |
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