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We should start boycotting mtgox and bitstamp , because they trade only bitcoin.
Also we should boycott cryptsy because it has doge and not hamstercoin
And this forum because there are threads about nxt and ripple here.
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I think it's necessary to highlight here: no miner can change the blockchain history or steal anyone's bitcoin even he has more than 51% of the hash rate. What he can do is only make several blocks mined recently become orphan. It means 1) he can try double spending, but not easy after enough number of confirmations. If there're too many confirmations, it takes long time for his fork to catch up. 2) he can block some accounts to make any transactions, but at a very high price. He has not make every block including that transaction orphan.
That's almost all he could do with more than 51% of hash rate.
True. Double spending would probably be the most that would be accomplished, as well as orphaning a few blocks mined by others. You can only double spend coins you own, so to even make a double spend worthwhile, you would already need to own a substantial amount if Bitcoin. If you did own that amount of Bitcoin, you probably wouldn't want to upset its value. False, false, false. He can steal anyone's bitcoin and yes he can change the blockchain history. Upset the value? Exactly what banks and governments would like! Hmmm , we should correct the bitcopedia then? The attacker can't: Reverse other people's transactions Prevent transactions from being sent at all (they'll show as 0/unconfirmed) Change the number of coins generated per block Create coins out of thin air Send coins that never belonged to him |
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There is no any Impact of India News coz Bitcoin specially dont have anything big in India but China is something in Bitcoin market because the most volume traded in the market is by BTCChina so there will always be Impact of china and now China is also clearing all the way to open fluent Trading so lets hope its good starting again in China, Anout India untill india has a Good stratagic exchanges like BTCChina, Mtgox or Bitstamp then they could have some impact recently its just the impact for Indian Market in India but not globally.
Good Luck
Please , read again what you have just posted and if you don't get dizzy by that , try to tell us what the hell you were trying to say. |
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More than 50% can't afford a single satoshi let alone a bitcoin.
Got your point but not sure if single satoshi is that expensive (just yet)  Apart from the trouble sending 1 satoshi to an address and paying a fee , they should also have a computer , a smartphone etc. Which , in a country where there are regions with 4$/day average wage seems a bit too much. |
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Yea, figured the China-market is bigger, but still. The Indian regulation was a little bit worse also as I understand it.
India had no presence in the Bitcoin community or market to begin with, it has nearly zero mining, and just recently opened the 1st exchange (which is now gone), so it had basically zero positive effect on Bitcoin, therefore the negative effects are zero as well. The IMMEDIATE negative effects are very little, but India has a billion people -- about 15% of the world's population, with China having a similar amount. So the effect definitely matters. Or at least WILL matter. Numbers means nothing. So , they have 15% world population , and? What else? Do they have the money European and American citizens afford to invest in bitcoins? They have less than 1% of those. More than 50% can't afford a single satoshi let alone a bitcoin. |
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Well once again $1T economy doesn't require $1T in cash. i.e. the world economy $75T annually runs on ~$10T in cash (M0).
Money supply is a timeless value. Values of economies (i.e. GDP) are timed value (i.e. usually $x per year). You can't directly compare the two and they will never exactly equal each other unless velocity is 1. Usually the same unit (dollar or Bitcoin) can be used in MORE THAN one transaction per year and thus the velocity is >1.
Like usual , appreciating your post. But can I have your view on the "velocity" of those two ? BTC and $ ? I have the feeling that currently bitcoin is the tortoise looking at the number of transactions in the blockchain. |
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Man really?
We need all of these! No , we don't need all of those. And you need to go see a doctor. |
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So , we have : Litecoin: 98,37 GH/s Dogecoin: 27.42 GH/s Litecoin Difficulty: 2,849 Doge: 433.452. See the problem? |
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Will you drink it? or keep it? =)))
I think I will keep it, it will make a good investment. When it stay in the family for the future. Until your kids discover it and "What is that? Give it to me! Stoop! Ups! Buff! " |
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It is whether the banking cartels which largely control governments will allow bitcoin. Clearly they are already scared as you see US bank accounts shut down for depositing and withdrawing from exchanges.
But Governments aren't just run by bankers, there are other interests involved, like Silicon Valley in the US which now holds a lot of sway in Washington D.C. and is all for BTC. We in the Bitcoin community have to get organized. We have to support those with counter interests to the banks and the Basel based Western powers, so they can support us. We need to set up a rock and a hard place for the banking cartels of Basel, New York, London etc.
The banking cartels will not allow themselves to be relegated to an obsolete middle-man of history pushed aside by an emergent technology. I'm not saying that their victory is assured, but they will have no choice but to take a swipe at us, as they are already doing. Right now without any real organization we look like easy prey. We must tip the balance and quickly.
I am considering how good strategy might play out, both from the bankers' perspective and ours, but it is clear to me at least that we must become organized if we are even to have viable discussions of successful strategies. I don't know that being nebulous and distributed/decentralized is enough. Although certainly educating every user back to annonymity is important.
No crypto can make all the banks close down. You have to understand that banks don't just issue credit cards or allow you to deposit your money with interest. Banks also lend money! How will bitcoin lend money? Stop with the transpiration and FUD theory. Banks and bitcoins can go along very well. |
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Some browsers allow you to press the arrow which will take you back and may save the details. However, some don't. If you are really that concerned you can always copy and paste it on a notepad.
You can use a software like ditto instead. It runs quietly in the background and keeps all your ctrl+v stuff. If you manage to hit f5 by mistake , you'll close that notepad also. |
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"A coin with purpose"
Which one?
to scam then you have not done your homework, nor have you really looked at what it was created for and will be used for So why was it created for , and for what will it be used? Because unless you post that in the first post , the only thing people will think about it is scam , run and hide into exile. You should use your glasses. If that is the main purpose , this can be crowned the lamest coin ever. |
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You're that retarded to mistake trade volume with the market cap? The trade volume is 500 BTC not 11 000. Any charts that show dogecoin being at 27gh ? Because the difficulty is almost 10 times smaller so .... Are all doge fans that bad at math? |
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Broke? With the amount they make each day? Just do some simple math and see on what mountain of cash they sit.
They are just incompetent , nothing more , and it seems they will stay so until the end.
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Hope so. And if the other scene (bollywood) dies , that's even better.  |
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Last Active: December 22, 2013, 11:08:51 AM
So did anybody used /get paid for this?
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I've been keeping my eye on some of these altcoins. Some of them trade higher than others, but some keep steady. Overall, there are more and more of them coming out and I'm not sure if they're helping the overall cause or diluting the idea of altcoins.
What makes a good altcoin? Like anything else it needs to have a perceived value. There are a ton of altcoins out there and I'm wondering if it's marketing that makes them known. For example: Dogecoin. It's cute. It has a meme. Will anyone really use it after the meme has faded? "much unknown".
I've had my eye on this whole thing for about a year, but really looking at it now. It seems like Bitcoin is the basis in which everything is compared to anyway so why bother making an altcoin? Fun? They've got to have SOME purpose.
Money , money and money. And fun watching others investing in this and making them more money. They all dream of being satoshi. |
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Do plan to start your own currency or something like that?
Please retype tour post or use something other than Google translate.
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China and now India..
36% of the world's population effectively blocked from purchasing bitcoins legally in their countries.
Numbers means nothing It's the purchasing power behind the poeple. If the price of bread will double next year will see millions starving in china and india. In the us or eu? Probably buying a 107 not 108" tv. |
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Get a real job , work , and at the end of the money buy bitcoins with the money you earned.
Safest method.
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