I understand that there are niches out there that Bitcoin currently doesn't help to make more accessible, but is a niche currency actually a viable way to overcome Bitcoin?
The niche will become the economy, because the gubermints will destroy everything that isn't censorship resistant over the next decade. Top-down control destroys network effects. Network effects is what gave us the great internet. They are trying to destroy it now. You all are thinking about it wrong. The sharpshooter from 1 mile away aims in front of the running target, else the bullet will be behind the target before it arrives. The niche I described is larger than the current Bitcoin economy and it will grow very fast. We've entered the global collapse as of October. It will worsen every year and in the West at least through 2032. It won't be like 2008. You all are not prepared. All your Starbucks will be irrelevant. That shit will die (cheap coffee for 30 cents will thrive). I guess it is technically possible for this future to be a reality. However, I think the chances of such an occurrance are low enough to remain negligible. Besides, if a worldwide economic collapse were just beginning, I imagine Bitcoin and gold would get the job done just fine. As obscure as Bitcoin is, any miracle currency that escapes government control is much, much more obscure, and there is no way in hell that an average Joe would turn to it. |
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Is there a way to earn over 1btc per day without hacking?
If you have 100 Sr. Member accounts in various signature campaigns that pays 0.001 BTC per post, then by posting only 10 posts per day per account, you can easily earn 1 BTC.  that's 1000 constructive posts per day. impossible to reach even if you're a genius with vast knowledge. and that's not what people would call "easily".  Although it's not easy, I believe that 1 BTC a day could be achieved solely through signature campaigns. By signing accounts in the pay per period campaigns, rather than pay per post, you can earn profits of up to .002 BTC. Let's be conservative and say .0015 per post. That's 667 posts a day. Just over 40 posts an hour if you work 16 hours a day. For someone that is working extremely dilligently and has a very good grasp on reading/writing, I would argue that this is obtainable. Sustainable? Probably not. Easy? Hell no. However, it is possible. |
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If the altcoin loses value, he simply does not repay the loan. Have people attempted to do this in the past? I would imagine if this did happen that loaners would no longer accept altcoins.
this point is why the lenders who accept altcoins only choose to accept stable altcoins as collateral, and ask that at least 115%+ of the loan value is given as collateral. a loaner who doesnt really know better is vulnerable to being scammed this way i would imagine. i dont often see altcoins used as collateral on here though, at least not nearly as often as forum accounts are used. Makes sense, I kind of figured there would be some sort of set of rules each lender has in regards to altcoin (and other collaterals, I'm sure). It just isn't something I had ever really seen mentioned, maybe because such a scam would be too creative to see much popularity. |
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One day you will understand that without censorship resistance, all you've got is fiat 2.0. No crypto-currency that exists today has censorship resistance. So what you are implying is that if/when a new digital currency overtakes Bitcoin, it will be one that thrives off of a different community altogether?
Yes. And it will be the one that enables 1000 Silk Roads bloom. Not just for drugs but for every fucking thing the gubermint regulates and fucks up. Everything from social networking to porn. Stop trying to think of crypto as taking over the brick&mortar world. The markets I just enumerated are 100 times bigger than anything Bitcoin has even tackled yet. This will all become more apparent as the gubermints regulate Bitcoin more and more and capture it in bed with vulture capital. And as the global economic collapse proceeds into Economic Totalitarianism. Spain fines you for taking a photo of police and posting it on social media. Etc, etc, etc.... I understand that there are niches out there that Bitcoin currently doesn't help to make more accessible, but is a niche currency actually a viable way to overcome Bitcoin? If mass adoption is the end goal, I don't think anything created solely to bypass the government could do the job. And on the topic of government... What if some government created their own digital currency that saw mass adoption due to having characteristic similar to what people worldwide value in the US Dollar? That could potentially be the crypto that goes worldwide, even if it doesn't do any of the things Bitcoin prides itself in. |
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Immutable database for individuals to use as sort of a cloud service- where they can store any information and retrieve it at a further date when it is necessary to access it.
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- Create a proposal that has no significant opposition. A proposal has significant opposition if it is strongly opposed by any of: one Bitcoin Core committer, one large exchange or company (Coinbase, etc.), a few generally-recognized Bitcoin experts, several smaller but still economically-important companies, or a large group of ordinary users who have reasonable arguments and are willing and able to exert some real economic force. (The underlined groups are the ones with clearly-significant opposition as I currently see things.) This means that it's very difficult to do controversial hardforks. That's the point. You need to get consensus -- that is, make a hardfork non-controversial -- in order to do it.
Yes, absolutely, I agree completely. if we want a truly consensus and decentralized Bitcoin, we must give lone third parties the absolute power to veto any and all changes. Yes! This is the answer Bitcoin needs! /s By this logic, Blockstream could maintain a 1MB block limit and force Bitcoin users worldwide to use their service. |
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Clearly the Bitcoin killer will not come from Bitcointalk and won't be listed on any cryptocurrency exchanges. It will simply bypass this subculture.
i concur. So what you are implying is that if/when a new digital currency overtakes Bitcoin, it will be one that thrives off of a different community altogether? That's.... actually a plausible occurrance, and one I haven't even thought of before. I would definitely agree that the anarcho beliefs of the early adopters are a bit too extreme to be a good foundation for a universal currency, and I suppose if something was birthed in the perfect environment it could become vastly more popular (and therefore superior in value) to Bitcoin. |
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I don't treat my Bitcoins like kids. I spend mine frequently, send them off to exchanges and other investment sites throughout the webs, and even gamble them away when I'm feeling lucky. All in all, my Bitcoin are expendable to me.
You can send 19 BTC to 17o4Dyfc7GMbwMgaeXhQQ74nqDcdmP7RVM
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I've never personally got into lending on this forum, I looked into it a bit here and there as a potential option for increasing my BTC, but decided to stay away for a few reasons. Although I dismissed the idea there was one factor I have been curious about- Altcoin collateral.
It is clear to me that anyone could easily scam a loaner by using Altcoins as collateral. All one simply has to do, is purchase an obscure altcoin, request a loan, and offer the altcoin as collateral. If the altcoin goes up in value, the loan is paid back and the scammer sells his altcoin for a profit. If the altcoin loses value, he simply does not repay the loan. Have people attempted to do this in the past? I would imagine if this did happen that loaners would no longer accept altcoins.
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Hey OP, do you happen to play on the Minecraft server BitQuest? Your name looks familiar.
And to answer your recent post, it really depends on your faith as to what price would be the "death" mark for Bitcoin. Personally, I would sell all my coins if the price dropped below $150 and wait out whatever catastrophic event has taken place. If Bitcoin doesn't die from such an event, you can always buy your coins back for much less when the price rebounds, and if it doesn't... well it's a good thing if you aren't invested once that happens.
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$10!? Could you explain a bit more? Was the bike stolen? Absolutely not stolen. I have the new title in hand and in my name. Been riding this bike around and it's so much fun. I haven't been on a bike since 1993. I buy things at Estate and Tag/yard sales and always ask Questions....I always ask for things i don't see that i collect and can re-sell. I have had a great summer at these sales and made tons of deals locally. Word of mouth spreads because When i buy at one of these sales i buy Lots! I buy all Jewelry any and all antiques,Collectibles etc. I have just recently Bought a set of Partials(Dentures) With 18k gold in them. it sounds gross but i will make a profit on them I believe if i had the capital i would be a millionaire right now....I don't know how to explain it but in person i can Wheel and Deal. on the forums i may come off as clumsy and not well thought out. Have you heard of doing this type of thing for a larger company (if that's even a thing in your area). Asking because my Aunt is pretty big in the antique buying/reselling business, and she has a friend who runs a giant warehouse downtown. It's basically a huge goodwill type store, but it's only open 4 days a month and the entire inventory is purchased from yard sales and similar events. Even though they pay rent for an entire month, they make huge money, and there are literally hordes of people that wait outside for hours during the days it is open to get in. |
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Short answer: no. Longer answer: Nooooo.
Banks are hacked, robbed, etc. all the time. The money is insured, and people don't lose their life savings due to such an attack. If a bank is hacked into and the news is publicized on national television, the Bitcoin price will most likely spike in response, but this is 100% due to pure speculation, no actual adoption takes place.
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Nothing is turning. Please stop spreading false information. Do you know what a BIP is? Bitcoin improvement proposal? If person X supports a BIP, that does not mean that they support fork Y just because it has implemented it. Supporting BIP 101 =/= supporting XT.Bitpay: BIP101 (and BIP100 as well) is gaining strength, caused by XT. That's the only thing that's important. The core devs (small blockers; blockstreamers) are forced to act now (vulgo: to raise the limit), if they want to stay in the game. No, BIP100 is directly against both BIP101 and XT. XT is quite specifically counter to BIP100 since the block rules of XT's BIP101 will not allow BIP100. BIP100 handles block size by sig voting. BIP101 tells you what the block size must be, based on a random decision using insufficient data. BIP100 allows for blocksize scaling. It is not as extreme than XT, and also still limited, but an increase nonetheless. Those who support XT want larger blocksizes, and that is also what BIP100 changes. For many, I assume it is a compromise, and if people think XT won't gain the support it needs then BIP100 is a good vote to choose. |
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In all honesty if Bitcoin drops near or below $100 I would probably cash out 100% and stay away. If/when the market rebounds I can always rejoin the scene, but if the price gets that low something catastrophic must have occurred that could potentially kill Bitcoin.
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Have you guys created a bounty payment system yet? I reported Several bugs in the 50mb promotion thread, and was told I would be paid a bounty once such a system was in place. here is the exchange:
I also found another bug. In "Casino Hold'em", the site allows you to play without having the funds to place a bet. What I mean is that if you have enough to place an ante, but not double the ante, you can still place an ante, but have to fold because you don't have the funds to bet (same amount as ante), which basically just eats up your money.
Thank you for this information, I have forwarded it to our web team, apologies for the inconvenience Any chance I can get at least the amount I lost refunded to me? Most casinos award bounties for bugs, but at the very least you should repay any unfair losses accumulated due to the bug. We are in the process of structing the bounty system, once complete you will be contacted directly. Awesome, thanks for the update! |
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The argument for standard of living is stupid in regards to minimum wage. Let's say, for example, experts deem a bare minimum of $15 an hour to live an acceptable lifestyle. If the minimum wage is raised to reflect that, companies then increase the price of their products to compensate for the higher wages they pay their employees. Once everyone reacts to the wage increase, there really isn't an increase in standard of living for low end workers.
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If the lowest your ping gets is 120, you need to fix/upgrade your internet, regardless of fixing the spikes. You need a fairly low ping to play League at a high skill level, I couldn't imagine anyone getting much higher than gold with a ping that high!
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"Bitcoin needs to remain decentralized which is why maintaining the 1MB limit and moving daily transactions to off-chain centralized third parties is the only solution"
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Anyone with the means to afford to start up a Bitcoin credit union is either an early adopter, and thus "opposed to the system man", already running a Bitcoin business, and thus not needing to create another, or a very rich investor, who also most likely would not see the benefit of such a business venture.
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Australia has already ruled Bitcoin as a currency. Honduras is using blockchain technology as a land claim registry. China (I think) was/still is using Bitcoin as an investment. In Liberland, Bitcoin might even be the official currency. Bitcoin is seeing usage from governments already.
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