Anyone notice that the number of transactions per day broke to the upside today? If Peter R is correct with the correlation between transactions and price either the correlation is starting to break or price is lagging and we will see a shot for $500 soon.
Either way I wouldn't be shorting atm.
XMR will be 500 USD? I proudly hodl small stash for zombie apocalypse case. I'm of course speaking of btc. THis thread is a btc thread after all. Or are all or Risto's threads now Monero only since it is his new favourite pet? |
|
|
|
|
Anyone notice that the number of transactions per day broke to the upside today? If Peter R is correct with the correlation between transactions and price either the correlation is starting to break or price is lagging and we will see a shot for $500 soon.
Also the hash rate is looking very healthy.
Either way I wouldn't be shorting atm.
|
|
|
|
|
So Risto. If I understand you correctly you now think the failure risk of bitcoins is 50%? Sounds much more reasonable to me than the dramatically smaller risk for failure numbers you were speaking of half a year ago. Does this have to do with Monero entering the stage and the fact that you see chances growing for alternative coins or does it have to do with your view of bitcoin itself?
|
|
|
|
Any update on this?
Yes, the alpha-models work! Last week I believe I performed the first bitcoin multisig transaction signed offline by a passive NFC tag (no battery), transmitted over an air gap, and then broadcast to the bitcoin network in real time. Here's a video demonstration: https://vimeo.com/105458967Nice! When can we buy them? |
|
|
|
this is the reason i don't believe in altcoins, bitcoin can just adapt and make altcoins obsolete.
No, and i´ve given some thought to this. The blockchain gives a provable accountability to people who choose so. Obviously that completely contradicts anonymity. However that may be very usefull. And yes, i´ve been trying to advocate that, but it really seems creating an alternate chain for "restricted" purchases is the better way to go. Do you think it actually matters how much a "coin" is worth if that "coin" is the aquivalent of "allow one purchase" of "restricted good" (be it a weapon, medicament, whatever). That coin can be signed by the transmitter. Geez, it doesnt even matter if its premined. If it just allows you to purchase things online you usually couldnt. Dont get me wront. Bitcoin would have been a really cool thing. Well, if it had come *before* Paypal etc.. We already have an online payment system. Costing a whole lot more (3% of the sale plus ~30 cent fixed vs. ~5 cent), and being a nightmare for merchants because of conflict resolution by default going in favor of the customer. Which is why I have been thinking a lot about the use case of buying gasoline with bitcoin. I don't mean using Qora or CoinFueled or some other card that a merchant processes at 3.75%, I mean actually buying gas using my bitcoin wallet and a QR code or some other native-to-the-gas-pump bitcoin technology. I've done quite a bit of consulting with c-stores and I can assure you that gas is a super low-margin item for them. There is motivation for them to save 3% (or sometimes more) off of processing costs. It is real money to these store owners. It's a real win-win. If I could buy gas with bitcoin, most of the time, I'd most likely just replenish my bitcoin stock with a purchase matching what I just spent. Merchants could, theoretically, offer some discount that would allow me to share in the savings they realize. Great for adoption, great for consumers, great for merchants, great for the community, even if the merchants are using bitpay and converting to fiat at purchase time. There are some technical details that make this tough. Confirmation times. Native infrastructure. When we can realistically solve these problems, bitcoin will have won. Right now, it works for NewEgg, Dell, or Expedia. I'm placing an order online and I don't expect the product to be delivered immediately. But when I can pay at the pump in bitcoin, what do you think that does for transaction numbers? Adoption? Price? Gas is a perfect use case. I want this to happen. I'd like paying with bitcoins if it was cheaper to use and if it was easier to use. Think the second point is key here. If it could be used with say NFC or some other form of near field communication preferably automatic which didn't even make me take my phone up that would be a system I could see really catch on. Automation is the future and bitcoin needs to be more automated than credit cards or cash. |
|
|
|
I do follow your thread.  Then can you please give a reference to your statement of 100.000 new bitcoin users per day. I'm willing to bet you are off with at least one order of magnitude. |
|
|
|
^ Wences talk is an absolute must-watch. Can't believe I hadn't seen it 'till now. He's spot on about everything: history and purpose of money, properties of money, money as memory, gold's role until now, bitcoin replacing gold, perspective on reserve currencies, opinion that bitcoin is a store of value first, and that it's fundamental promise is as ideal money (not all the other bells and whistles that are so popular lately). And ya gotta watch through the end of the (brief) comment period to see where he aptly dismisses alt-coins. I've obviously been aware of Wences' resume since the first Xapo funding* was announced, but I now realize he's even more of an asset to bitcoin than I'd originally realized. Anyways, thanks for the link cypher. *sidenote: Xapo is the best-funded bitcoin company to date (~$40m total, IIRC), in case anyone didn't realize. From the sounds of his talk, there's a chance he lurks this thread. Some of us predate him. He says bitcoin is adding 100.000 new users per day. Is this is a commonly accepted number? Sounds extremely high if you ask me. Pretty sure the price wuld be significalntly higher if this was actually the case. |
|
|
|
|
Interesting work. Following.
|
|
|
|
I'm looking more at this chart right now then the actual price. Anyone know why we had this sudden increase? Anything to do with the Ethereum IPO? Because people are moving their coins from cold storage to exchanges in order to sell. shouldn't that be obvious? The increase in transaction volume started well before this last leg down in price. |
|
|
|
I'm looking more at this chart right now then the actual price. Anyone know why we had this sudden increase? Anything to do with the Ethereum IPO? |
|
|
|
|
My bitcoin pregnancy was 1 year
|
|
|
|
Very interesting. The NFC standard seems to be available for most android phones. What about iphones and laptops?
The fact that NFC is not yet ubiquitous beyond Android phones is obviously an obstacle. However, several laptops and tablets now come equipped with NFC (a lot of people don't realize that their laptop already supports it), and of course it's possible to add a USB NFC reader as well (although that sort of defeats the "low cost" value proposition of Sigsafe). Regarding Apple, let's hope they finally add NFC to the iPhone 6. Beyond bitcoin, NFC is a great technology because it is very short range allowing you to authenticate or "pair" devices by touch (think simplified Bluetooth pairing with no codes to enter) and because it is possible to transmit significant power magnetically (think wireless charging of a device via the NFC antenna). Agree with all this. I use NFC to pair my bluetooth headphones with my phone and it works great. Think you are definitely on the right track here. |
|
|
|
|
Very interesting. The NFC standard seems to be available for most android phones. What about iphones and laptops?
|
|
|
|
Anyone is holding spartan mode until 0.01?
A certain Monero dev who joined me for dinner tonight, asked me about this. I told that I think it makes sense for me to sell when my Monero holding reaches between 50-70% of my net worth. Since it is currently a very small % of my net worth, this means also a price significantly higher than 0.01. Wow, so you are willing to let Monero become a majority of not only your crypto portfolio but also of your total net worth. Does this mean Monero has overtaken bitcoins role as #1 for you rpietila? |
|
|
|
This is incorrect and what they want you to believe. Yes heat does weaken steal but it doesn't weaken it to the extent that a steal frame would collapse. Especially not in a controlled manner.
Crazy + grammar + ignorance. You should study a bit before you watch too many propaganda videos... Blind + sheep + sad |
|
|
|
Since when does a skyscraper collapse from fire? A hot enough fire weakens metal. Jet fuel, diesel or heating oil burn very hot. If there is enough fuel to burn for an extended period of time things happen. What caused the twin towers to collapse? It wasn't the direct hit from the airplanes or the weight of the airplanes on the structure. Without the extended fire from the jet fuel the buildings wouldn't have collapsed. If you have an extended hot fire at the base of a building it will also cause a structural failure and then there is nothing to hold the building up. The buildings that collapsed experienced very unique and unusual circumstances. This is incorrect and what they want you to believe. Yes heat does weaken steal but it doesn't weaken it to the extent that a steal frame would collapse. Especially not in a controlled manner. |
|
|
|
|
Show Posts
