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Also, doesn't anyone think the word "hijack" is strange? it sounds retarded, does any American feel ashamed when using such words in their language?
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Shit, Bitcoin failed? why didn't I get the memo?
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You are right that there is a lot happening that we don't see
Failing or sable prices push some people out of Bitcoin but I am confident that the economic turmoil that is coming for the US and Europe will push Bitcoin price to new highs
These events, before will push real gold price to new highs, Bitcoin is not legally regulated, there are no guarantees, and no guarantee that for 10 days will not be worth anything. For example, I would not even pay $ 100 for all bitcoin (12.5 M), It's easy for me has no value as for most people on the planet. Rael gold has always had value and will have value in the future,anytime and anywhere on the planet. A monkey would not pay anything for all the gold in the world, it would trade all the gold in the world for a banana, because banana is valuable to a monkey, gold is not. Gold has no intrinsic value to a monkey. So you see, gold is valuable, not because it has some sort of "intrinsic value", but because humans think it's valuable. Therefore if a lot of humans think Bitcoin is valuable, then Bitcoin has value, same as gold. |
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I don't think you fully understand how large 2^256 is:
Isn't it 2^160? since bitcoin address is actually a 160bit hash. Now 2^160 is still quite large, but let's assume every person on earth uses Bitcoin, and has 100 addresses (the default of Bitcoin qt client pre-generates 100 addresses). Now we are down to (2^160)/700B Are you still confident that it's large enough? |
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Obama and Putin are playing Tough guy on the Block. Instead of putting 2 Countries at each others throat why not Putin and Obama go at it 1 Vs. 1
The world is sick of War.
That would be a fun fight to watch, though I think Obama would lose so hard. Putin is a fucking monster. |
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Except your premise is wrong, same mistake as the OP. You are assuming difficulty will increase by something like 30% perpetually, which simply is false and impossible. The increase in difficulty will also slow down exponentially. We will probably NEVER see a 30% increase again. We are seeing mostly 20% increases nowadays, and soon even 20% will be history. So your "expert mode" calculator will also paint the wrong picture for you, because it assumes difficulty increase perpetually, which is simply UNTRUE, we've had many many difficulty DECREASES in the history of Bitcoin. We will probably see this phenomenon again within 6 months or so (as long as the price stays at $500 level).
I agree that it is impossible for the difficulty to increase 30% each period forever. HOWEVER, it doesn't have to do it forever, it only has to maintain that rate for a few months to have almost the same result. For example, a miner that currently mines 1 BTC per 2016 blocks will mine about 4.3 BTC total if the difficulty increases 30% each period forever. On the other hand, if the difficulty increases 30% each period for 6 months and then 7% after that forever, the miner will mine about 4.4 BTC. The second case is much more realistic, but it has nearly the same result. I think you missed the part where I said we will probably never see a 30% increase again, last six diff changes: Feb 28 2014 3,815,723,799 21.92% 27,314,015 GH/s Feb 17 2014 3,129,573,175 19.39% 22,402,357 GH/s Feb 05 2014 2,621,404,453 19.49% 18,764,744 GH/s Jan 24 2014 2,193,847,870 22.59% 15,704,175 GH/s Jan 13 2014 1,789,546,951 26.16% 12,810,076 GH/s Jan 02 2014 1,418,481,395 20.12% 10,153,885 GH/s |
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again, not everyone is good with calculation and bitcoin difficulty, if you tell them they are going to earn blablabla bitcoin they will believe...
right. Personaly, I think 3 things came into account: - there is hype and stories, and miners are scarce. If they are scarce, in people minds it means that there is something to get. - the math are hard to get. Sorry but explain how works a decrease in value overtime is not linear but exponential :-), some people don't catch it really. I had to take 10 minutes to explain that to a colleague. - and when you type "bitcoin calculator" on google, you arrived for example on a BFL sponsored page that fools you ( http://www.bitcoinx.com/profit/): sure there is a profitability decline per year on their calculator, but check the value. If (for example) you enter the price of the cointerra and its hashate, the site let you imagine you will make a profit. Personaly until I used the "expert mode" with http://www.coinish.com/calc/ I didn't know where to get a good simple calculator. So people are guided on wrong information and (a bit) greed and hype. Except your premise is wrong, same mistake as the OP. You are assuming difficulty will increase by something like 30% perpetually, which simply is false and impossible. The increase in difficulty will also slow down exponentially. We will probably NEVER see a 30% increase again. We are seeing mostly 20% increases nowadays, and soon even 20% will be history. So your "expert mode" calculator will also paint the wrong picture for you, because it assumes difficulty increase perpetually, which is simply UNTRUE, we've had many many difficulty DECREASES in the history of Bitcoin. We will probably see this phenomenon again within 6 months or so (as long as the price stays at $500 level). |
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What's the DOGEcoin payout limit now? I got 16k DOGE in my account, and I have auto daily cash out enabled for all the coins, and my DOGE haven't been paying out for over a week.
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Unlikely, because it's not logical. mtgox was raking in millions in trading fees every month, all it had to do was maintain their very strong #1 market share position. Why would mtgox take on HUGE risk in unauthorized short selling with customer funds? because if they lose, not only they will lose a lot of money, their cashcow (the #1 bitcoin exchange) will also be dragged down with it.
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After mtgox lost their entire customer info+password database in 2011, I was completely done with them, never used them after that, and I still hate them for losing my information, because I'm still receiving occasional phishing emails.
How can anyone still have faith in mtgox security, after something so catastrophic happens? I can't understand. My logic tells me, if a company's security policy is so bad, that it loses all their customer information including passwords, then it will probably happen again, because security is actually a mindset, not a specific technology, there's no evidence that the mindset at mtgox has changed at all. My policy is that I never do business with a company that had a catastrophic security loss, unless there's evident that the security mindset at the company has improved.
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All these hearings about BTC only seem to be focusing on the criminal aspect of BTC, it is all getting rather monotonous.
There is so much good that BTC can do, not everyone is a criminal, but, it appears everyone is a suspected criminal.
Criminals will always find a way to operate with whatever they have at their disposal.
Why don't they have hearings about stopping criminals using fiat.
Banks that are requiring proof of what your withdrawal of funds are required for is an invasion of our privacy. If they ever ask me I will just say I want to flush it down the toilet as it is worthless.
Personally, I do not think anyone pro-BTC should have anything to with these people that only want to help the top 1% achieve total control.
Because there is indeed a disproportionate amount of criminal activities using Bitcoin. But who can blame them, it solves their biggest problem of getting paid anonymously. when you receive cash, you also remain anonymous... Good luck sending cash over the border, anonymously, by Internet. |
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They would benefit from it hugely. They probably don't want to be seen as endorsing it.
That's a interesting logic, so anyone that is accepting paypal for payments, is endorsing paypal? |
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also got it... but my adress is not public  ALL addresses are public, as long as there is at least 1 satoshi in it or ever had a balance. |
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what's these 30 days min, 90 days max mean?
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I think it's pretty ridiculous that BTC-E would allow someone to sell that much, crashing the value by 85%, and not warn them in BIG RED LETTERS, about the dumb trade they are about to process.
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One of the most ridiculous things I've ever seen in economics. Ever.
Whoever was out of their right mind with sub 200 buy orders just scored themselves a nice early retirement bonus.
FML.
Well thats just plain nonsense about the retirement, but otherwise i cried here, my eyes are wet :-)... congratulations to those who bought it around the 100 :-)!!! Fuckingly nice job guys!! :-) But isnt BTC-E some selective scamming site? I know owners are anonymous which is not common in any other big exchange, also there has been some selective scams according to what i know...? Can someone verife it? I was thinking about joining also the BTC-e exchange (im on others now) but this turned me away... hows the situation now? I'd say BTC-E's anonymity is a PLUS instead of minus, BTC-E has proven their colors with time, as a trustworthy exchange (well at least for the 2 years I've been using them, they have been trustworthy, customer service is great too). Especially in the current situation, where Bitcoin exchanges are being targeted (the bitinstant arrest, Russia problem). Anonymity is actually quite re-assuring, that an exchange would not be gone quickly due to government crackdown. |
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Even though it looks funny, those balance ball chairs are actually better for your back than regular chairs.
I don't think so, it has no back support. I can not last 5 minutes on those balls due to my back pain, but I can sit in regular chairs all day long. |
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http://rt.com/business/russell-investments-chief-economist-dead-564/ Streak of bankers’ deaths Dueker’s apparent suicide was the fourth among financial experts in a week. A 58-year-old former senior executive at Deutsche Bank AG, William Broeksmit, was found dead on January 26 in his home after an apparent suicide in South Kensington in central London. The next day, January 27, Tata Motors managing director Karl Slym, 51, was found dead on the fourth floor of the Shangri-La hotel in Bangkok. Police said he could have committed suicide. Mr. Slym was staying on the 22nd floor with his wife, and was attending a board meeting in the Thai capital. Another tragic incident occurred on January 28, when a 39-year-old Gabriel Magee, a JP Morgan employee, died after falling from the roof of its European headquarters in London.
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