So when somebody has a mtgox account, what type of bitcoin will they theoretically be holding when the hard fork is created in the very near future. Do they hold bitcoin within the original chain with the 1mb block size limit? Or do they theoretically hold bitcoin from the next chain with the higher block size? Or both?
If all your coins are at MtGox, you aren't holding any bitcoins at all. You are holding a promissory note. Anybody who keeps all their BTC at MtGox (or any other exchange or intermediary) must do so with full awareness of the risks they're incurring. If you're going to trade, then keep whatever you need to trade there, but with the multiple secure options now available to hold your BTC yourself, there's little excuse for offloading onto an exchange. |
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one thing is for sure, people are thinking about these things and want to see bitcoin as a regulated commodity. and a large part of this community disagrees with this philosophy. ( it sometimes feels like 'they' are trying to do this to push adoption... its no longer about making sound money, its about making money period. ) so I think a hard-fork or something similar is coming, and it will have very little to do with block size limit.
Sigh. Oh no, people are using bitcoins in was they want and not they way I want to whaaaaaaaaaaa whaaaaa. You know what would happen if a fork occurred and whatever the forkees had becomes at all successful? The same damn thing. And you know damn well that you can try to regulate a bitcoin site, but you can't regulate bitcoin. Adam, your posts have gone from amusingly inaccurate to flat-out loony bin FUD spreading. Heh, well, it IS that time of the month  |
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Wow. Nice going! I wonder how the bears will spin this into a negative. Not a bear but this means more regulation. Buy or sell on mt gox from the u.s. and everything will be reported to the irs. THe way I see it, there are now, and always will be, too many good ways to get in and out of bitcoin besides MtGox for this to be a problem. I want there to be a "we report to IRS" official way to get bitcoins, because then there will be someone to fill the role of being an exchange viewed as legitimate, to fulfill the need of providing liquidity and helping the market accurately reflect a market price. MtGox's current shortcomings (understaffed, no audit, sometimes arbitrary delays and actions with your money, worry about whether they might have assets seized) have a negative effect on the bitcoin economy, we would all benefit for these issues to be resolved, and that can only happen by playing by the rules. Precisely. If you want to buy or sell bitcoins without anyone else's involvement, try localbitcoins or one of the other exchanges. There are many ways to do it. Anything that makes the process of buying and selling more fluid for the overwhelming majority of US residents can only be a good thing. If it then goes a step further and institutes for Bitcoin the same insurance fail-safes of the regular banking industry (with or without a formal connection to a given bank), even better. Regulation, when it comes to Bitcoin, will always be an option, not an obligatory quality. |
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Wow. Nice going! I wonder how the bears will spin this into a negative. |
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I plan on spending my normal amount per pay period on BTC as it comes up so....
You guys can stop these desperate bear posts. They're not really that funny anymore.
What are you talking about? They're adorable! |
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If they intend to sell the bitcoin ATMs to businesses that accept bitcoin; won't it make a bit of a mockery of bitcoins.
Shop Owner: We accept bitcoins. By the way, you can also send money to your family in Mexico by using BTC.
Customer: Oh really? Where do I get them?
Shop Owner: Over there at that machine
FTFY |
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It's a really battle, but the super-low volume on the latest "rally" is not very impressive.
Long-term = Bullish
Medium-term = Very low 20's.
Naturally the rally has slowed down. It can't keep going up .50 cents a day like before, however there is no indication of a sell-off, much less to low 20's... if anything, we'll see a slower uptrend all the way to 40 within the next two-three months with the usual drops to profit taking and re-buying.. It's also coming up to the end of the month. |
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Two things about this from someone who just went through it: When you try to pair it, don't use the QR code that appears on your welcome screen. You have to use the one under the accounts settings. If your wallet still won't function, you can jailbreak your iPhone really easily with evasi0n and then install blockchain from Cydia. +1. It worked. Thank you kind sir. My life just became 12 keystrokes easier. My pleasure, now go spend a BTC somewhere |
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Two things about this from someone who just went through it: When you try to pair it, don't use the QR code that appears on your welcome screen. You have to use the one under the accounts settings. If your wallet still won't function, you can jailbreak your iPhone really easily with evasi0n and then install blockchain from Cydia. |
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At least write a description of the links your posting.
Isn't the title "ATM Makes Bitcoin Even Easier to Access" descriptive enough, especially given the simultaneous wave of articles covering the same topic? The article is about a screenful long. What's the point of a summary? Perhaps you should start posting links so the rest of us can nitpick your unpaid efforts? Don't mind him, n8rw. If he doesn't like your posts, or mine, all he has to do is not read them, or click on ignore. I for one appreciate anyone who goes through the effort of bringing us mentions of Bitcoin in the press or blogs. |
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Couple of players are trying hard at suppressing the rally I think.
Media will cry bubble if we climb from $13 to over the high in a couple weeks... so take a pause @ 29-30ish for a bit before breaking it, show some "stability"
:p
Given the continued thinness off the bid walls throughout this rally, that implies the same players are also propping the price up as it suits them. Or propping it down... any time it gets past 31.40 or so. |
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On the other hand, it will be a great way for him to start his bit of the talk: "I was introduced as the Bitcoin CEO, but that can't be, since Bitcoin isn't a corporation and is fully decentralised..." etc.
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Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.
Agreed. Until the price stabilizes (not anytime soon, and if it does, it'll still take a while for people to come to terms with it), people won't want to spend their BTC, for they know if they hold onto it, it'll continue to make them wealthier. In other words, super lame if you're trying to use it as money. +1 this is obviously true. unicorn farts and there being a god is more likely than btc being used what it was designed for. Namely being money!!! That is why I like LTC because people will use it and it will drive the price down and availability up of BTC. These digits aren't worth anything if they aren't money! BTC is not fucking gold!! it is nothing like gold in fact it isn't worth shit just 1's and 0's floating in the cloud. It is only valuable as money! QED, snapsunny. Next time, do a name search first, saves you a lot quizzical frowns. |
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Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.
You're stating something as fact over which you cannot have complete knowledge... up there with "there is a god" or "unicorns are hoarding bitcoins". BTC works as great money for me when it comes to buying things off Bitcoinstore, paying for some services and transferring funds to family overseas. |
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I do I know because everyone has had a death grip on their coins since the price spike. People use BTC for 2 things drugs and speculation.
In addition to speculation, I use mine for domains, poker, settling debts with friends, and electronics/pc-hardware. My wife and I are also planning on having lunch at a local place this week that accepts bitcoin. Plus, I just found out that my mechanic takes bitcoin (which was a total surprise, but obviously awesome). hah, you're actually arguing with sublime? He's a troll with a hankering for alt cryptocurrencies... he just pulls this data out of his ass. |
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Once they've implemented this, someone should ask them to put up a page with step-by-step instructions on how to switch domains from, say, GoDaddy to Namecheap. I have several domains with GD and will gladly switch them over if Namecheap accepts BTC. But I'll need someone to show me how as if I was a six year old  |
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The primary issue is not with IP addresses, though that's certainly one way for information to leak.
The primary issue is with insufficient obfuscation of the block chain. Consider Joe Sixpack who receives his salary in bitcoins (for now ignore that some countries have already made that illegal). He gets one gigantic output at the start of every month and then spends it. Now anyone who happens to receive money from Joe can just trace back the transactions in a block explorer until they arrive at a salary-sized output and make the very reasonable assumption that this is how much Joe earns. Probably he would feel that this is a major privacy violation.
Bitcoin is full of these sorts of things. Fixing it is going to be a lot of work. We started already - the payment protocol is laying the foundation for resolving it and improving the privacy of the system by allowing single logical payments to be created out of multiple independent Bitcoin transactions.
Unless Joe Sixpack has eight wallets And to my knowledge, no country has made Bitcoins illegal, that's just FUD |
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