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Username: BunsenBurner
Thanks.
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Received my 0.04. Thanks a lot.
I would like to enter for another month please.
Bitcoin address: 1HdREW1ngfKb1FRawMr1nku4srMBXoGSDn
Posts: 292
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Bitcoin Foundation is not relevant
whats relevant is the wallets and mining software that runs the bitcoin nodes
those are the real votes on the bitcoin network
Mining software? Isn't the mining hardware (hashrate) way more important? |
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Crap, I think I spend too much time click link and watch video for less than 10 cents worth of btc/
Stop wasting your time on faucets lol. I am sure your time worth more than 5 cents an hour  |
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Did you mean for it to say Black Hat Geek?
Or are you trying to find address with "blackhat" and find the "gek" part accidentally? |
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And why is it not possible to do something like a stock split and split one bitcoin into 1'000'000 parts and still call the resulting units Bitcoin ?
Everybody owning 1 Bitcoin will own 1'000'000 Bitcoins worth 1/1'000'000th each.
Problem solved!!
It would just create more confusion. |
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Quantum computers? Bugs in the code? Centralized mining?
IIRC, quantum computing can only bring 256-bit bitcoin private key to be "as safe as" 128-bit. There are many different wallet clients out there, and people are using different versions. Bugs in the code may affect some people, but probably not for the majority. I think centralized mining could be a big problem, especially if we have some "bad" big miners trying to double-spend their own transactions. |
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I was thinking how to make btc since I have none and no time to click on faucets
- Sell your stuff - Provide services - Join a sig deal after you get a higher activity - Buy bitcoin directly with your fiat money |
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To bitpop:
-TX time
-Confirmations needed
- Mining times
I guess you mean the block time (*expected* 10 min in bitcoin) should be shorter, right? A short block time (some altcoins use a very low block time) will lead to more orphans blocks and more likely to have natural forks. IMO it is pretty safe to accept zero-confirmation tx as long as 1) The inputs are confirmed 2) The tx pays min fee 3) No double spending attempts detected after 30s. |
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...That computer costs 300$, thats 672 mBTC or 672000 bits...
That's the reason I still prefer "bitcoin" to be the base unit at this current moment. It may sounds unnatural to some of you when you need to make a payment of 0.001 btc now. But IMHO it will be more odd to make a payment of 10000000 for a meal, if we switch to use bits. |
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So 1 bit equals 100 satoshis, in the future, it's quite possible for 1 bit worthing 1dollar.
I don't see why you find it is "quite possible" to have 1 btc = 1 mil USD. |
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you are going to see the number of sub 0.001 wallets increase to hundreds of millions.. purely due to merchants that implement 'use once' addresses.
Shouldn't the merchants (or coinbase/bitpay if merchants use them) "consolidate" the btc? |
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To be honest, I am pretty happy with the current symbol BTC.
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Scamming people into buying Zibs? AFAIK, the so-called Zibs OP "created" is exactly bitcoin with just a different base unit and name. Or am I understanding it wrong? |
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I can see so many people making their replies here and trying to sell their domains. Why don't you make a new thread in auction or digital goods?  |
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Hmm... So there are two wallets which contains more than BTC100,000. The first one might be the DPR wallet (Silk Road) which was seized by the FBI. Which is the second one? Any exchange hot-wallet?
There were two, but now there's only one. The chart is always available at http://bitcoinrichlist.com/charts/bitcoin-distribution-by-addressYou can view the past by adding ?atblock=(BLOCK NUMBER) to the URL. I am not interested in the distribution itself, but in seeing the wallet sizes whose proportion of bitcoin grows or shrinks. The distribution is largely opaque in terms of useful info for the reasons CryptoDomains mentioned, but the changes over time are telling. There are 31,601,626 holding less than or than 0.001 at at Block 295,000. That is a bit surprising. |
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I hope I have better luck in round. 1HdREW1ngfKb1FRawMr1nku4srMBXoGSDn
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preev.com or bitstamp.net are good website there are actually many more but If you want simply to check the price without any charts preev.com or bitstamp is good choice.
Where do these sites get the info to determine the value of the coin? What is the mechanism for that (i.e. the current value of the btc, which changes by the minute and second)? Bitstamp is an exchange, so the price is determined by the buy orders and sell orders. Preev pulls data from exchanges and calculates a weighted average. |
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What is the cheapest way to turn let's say 500$ worth of bitcoin to my bank account or cash in hand?
Okay I was just wondering because my bank charges 15$ for an incoming wire and was wondering how to get 500 for my 500$ worth ya know
A $15 fee for a $500 trade would be 3%, which is okay IMO. You can accept other payments such as cash as well. |
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