now it's well past 13000 ~~ going for 13500 ~~~
Never seen this amount of unconfirmed transactions piled up
Whatever was happening earlier has stopped now. There were only 3916 unconfirmed transactions when I looked at blockchain.info  Sometimes a block doesn't get found for longer than normal and the unconfirmed transactions build up, but they soon get confirmed when a new block is found. |
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So where did the movement shift from society/culture changer to regulate and transparent?
There was a time where I felt a culture here and I am not feeling it any more or seeing people that still believe we can change the world. I see the profit minded folks for sure,ideology do not shift like this!
So where did the elusive white whales go?
I am not against the profit,just thought more for bitcoin than to fall in line and submit to banks and government. Before people say what did you expect,I expected different and thought there was a movement that people where going to get serious about for a change.
Everyone was talking about how institutional investors would pump the price before Gemini opened, and they are still saying the institutional investors will join when the twins ETF opens. Regulation is a prerequisite for serious institutional investors. Although I haven't seen much interest from them it does seem like most of the community are happy for bitcoin to fall in line and submit to banks and government if institutional investors send bitcoin to the moon. |
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Openbaazar, is here, lightning network has a date, halvining is getting closer...wheres the bulls? wheres the pumps? ,lol hope im wrong, but part of me thinks they worried to pump coz so many peeps made nice amounts of BTC on ETH and know they gona get dumped on. cmon guys pump to $500 at least.  ...everybody always wants to buy cheaper .... until they can't. Still got all those guys waiting for $150 btc ... and bunch of guys before them waiting for $40 btc. I read an old post about people waiting for Bitcoin to go back below a dollar, but it only went down to $2 so they all lost out. Before the last low people were waiting for it to go down to $80, but it only went down to $160. Next time it crashes I'm going to set buy orders at double to most pessimistic price because that's usually as low as it goes. |
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Could the price have dropped because of ethereum early adopters taking profits by selling their ethers for Bitcoins, then dumping the Bitcoins for fiat? If I held ethereum I'd be selling for some fiat profits. There's millions of dollars a day flowing through its markets and someone must be taking profit from the pump.
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Currently, I'm considering removing a large majority of my coins from Coinbase, because of their various recent stances in the blocksize limit debate that seem to purposeful attempts at disrupting and dividing the bitcoin community (to the extent that there is such a community).
lol nice, my advice to you is JUST DO ITI have coins on their exchange and coins in the regular wallet and coins in the vault. As you likely realize, with many things related to bitcoin, I like to brainstorm about my actions and my contemplated actions (especially when I am making fairly significant changes), and that's part of the explanation why I have a 5800+ post count on this forum. I will probably leave a few coins in coinbase in each of the three locations (wallet, vault and exchange); however, I am in the process of removing some coins from the vault (apparently, it takes 48 hours), and thereafter I will transfer about 90% of my holdings out of there. I may change the amount later, but 90% is my initial projection. Upon reflection, this becomes a bit troubling for me, because I had accumulated most of my coins through Coinbase, and until now, they have held the most coins for me than any other location. I have my coins distributed, but still at this point Coinbase still has about 50% of all my coins. After this move (probably two transactions on the blockchain), they will have less than 10% of all my coins. Also, it is a bit ironic that I have been a bitcoin user for more than 2 years, and it surely does take a long time to learn about bitcoin and to create a number of wallets and even now, I am trying to consider other wallet solutions (and some of them just seem too technical and complicated and somewhat filled with one kind of risk or another - whether that be 3rd party risk or the risk of me screwing it up, somehow). bitaddress.org you need to save this html page, remove internet wire ( or reboot with a linux live cd or usb ) print out the paper wallet reboot. cut the private in half ( use scissors ), hide one half of the key in your ass and the other in a bank vault. this will give you the most secure / simplest wallet solution i can think of. sounds like you needed to take out a good % off BTC of the exchange for a while now... exchanges can implode anytime. MtGox wasn't the first and it wont be the last. Isn't there a cryptographic attack that makes it possible to guess a private key if you have access to half of it? I'm sure it says somewhere that a private key can be considered compromised if an attacker gets a proportion of it. If an attacker gets hold of the half key in your ass you lose, or if a corrupt bank clerk gets the half in the bank vault you also lose. |
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Daaaaaaaaaaaaaaaamn! It only goes up that's too cooooool! Bitfinex is leading the way today. Do you think it will break above $460 on all three of those exchanges soon? This whole week's been bullish and every wall got smashed down quickly. There's a 1.5k wall of fear on stamp waiting to be smashed down and a 3k wall of fear on finex waiting to be smashed down. |
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The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure. Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government. Greg would make a pretty good banker. Why not give it a try?? Looks like he's making the same mistakes bankers made in the early 2000s as well. Introducing products he doesn't understand and/or doesn't understand the consequences of. Ha! Bankers don't make mistakes - they still make money either way. And Greg is just realising that he doesn't really need to 'sell' anything now - the deal is done and dusted. But what I cant get with is the fact that he knows he has no solution to routing, but is willing to pretend otherwise. Seems a dangerous strategy. But maybe its the only game left. And it seems to be working - getting Horizons and AXA onboard ( albeit with a lot less money than they are letting on) is no mean achievement. But it will be the death of Bitcoin as the vast majority of its community understand it to be. Satoshi might post his opinion backed by his PGP key to stop his creation mutating into something he opposes. His voice could change attitudes faster than anything else. Most of the community would back his opinion because he is the instigator of the Bitcoin project. If he's alive he must be following what's happening to Bitcoin. |
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man Bitcoin looks slow and heavy compared to the forex market currently.
The Euro got 4% in like 2 days without a pullback.
Maybe bitcoin is finally just reacting to the weak Dollar which is on his knees together with the stock markets?
Man if the markets flip over we could see a worse crash then in 2008... It's going to be really interesting how Bitcoin is going to react at the first big scale global crisis.
Will it shine? Or just dump like everything else?
We shall see.
That might be the real reason the EU want to regulate Bitcoin exchanges to the extreme. If there's a big stock market crash on the scale of 2008 they won't want people hiding their money in Bitcoin. With extreme exchange regulations about reporting every trade, withdrawal, and deposit they could find out every EU citizen's transactions in real time. |
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Luckily most mining pools are intelligent and have our best interests in mind like most of the developers and these drastic steps likely will never be needed.
Its a fatal misapprehension to believe that any actor in Bitcoin has your best interests in mind. Bitcoin works because everyone can work to their own advantage. Its been designed that these interests naturally self align without any central coordinating function. There is no invisible hand here - and devs have no business guiding anyone. Satoshi obviously understands human nature and planned Bitcoin accordingly. One of the mistakes he admitted was offering no reward for running a full node. People still do it with the best interests of the network in mind, but there are decreasing numbers of people prepared to do it for nothing. There would be an order of magnitude more nodes if people were rewarded for running one. |
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I can confirm this from PBOC official website. It put more emphasis on a Cash-Less/Internet-base system. Blockchain was mentioned, and sure it will be digital currency. However I doubt that the issuing will be free to the Internet. They will have the right on hand.
It'll be a PoS coin in my opinion. In my opinion it will be like the tether coin used by some exchanges as a USD token. I don't know the specifics of how it works, but I think it's centrally controlled and has a fixed value against the dollar. The PBOC could control the supply of a coin like that, printing mor or withdrawing some when it suits it. |
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Don't send all your coins there straight away if you have never used a multisig address before. First send a few cents worth of coins, then try to move them back out again. If you make a mistake you will only lose a few cents rather than all your Bitcoins. Only send a big amount of coins after you get used to using multisig.
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i had to reindex the blockchain.. it took more than 48 hours for my pc:
64G memory
intel 6-core i7-3960x extreme edition
Asus rampage motherboard
ssd boot drive
three disk striped <<<<<<<<<<<< blockchain lives here
ridiculous my pc takes that long to index blockchain . yeah bitcoin is uba... i have recorded this bullshiat.
i have not even fired up armoury.. it has to go through its index bullshiat too.. i'm gonna record it.
It happened to me last week, my PC froze & I had to turn it off at the socket. Thought I'd lost all the bitcoin's I have stored in Core. Balance reset to 0, thought my life was over  After literally 2.5 days of reindexing balance was restored to correct amount. They really need to sort this shit in one of the next updates. Both of you need to stop using a bitcoin node as a wallet. Use electrum, copay or a trezor for that. This is safe, light and easy, just the opposite of what a node is. Electrum depends on Bitcoin core for its backend, so somebody has to run a node. Running a node helps the network remain decentralized, and if the problem they are complaining about isn't fixed less and less people will run nodes. If that problem gets fixed more people will choose to run nodes. |
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If the Chinese firewall blocked all Bitcoin traffic, then people in the China couldn't send their coins to Western exchanges and do anything with them. If all Bitcoin traffic was blocked by the firewall, then any connections to Western exchanges would also be blocked.
Coins from China couldn't be spent anywhere but China, and coins from the West couldn't be spent inside China. If the firewall block was removed and there were two separate chains they could be merged without many problems because the firewall would have prevented double spends.
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I know how silly this might seem, especially that I felt rather dumb, ...
Yes, I hate to burst your bubble, but anyone can create an account with the name satoshinakamoto2015. For the record, I am not Satoshi Nakamoto. right...real satoshi wouldn't have been lame enough to string along a paper one page at a time like that If the real Satoshi wanted to publish a paper he would sign it with his PGP key, or a Bitcoin address associated with him. By signing it he would remain anonymous but leave no doubt who the author of the paper was. After the Australian fake Satoshi drama he wouldn't publish something and leave people guessing if it was really published by him. |
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when the Dorian Nakamoto story broke, someone posted from an old Satoshi account on another website, i can't remember which one, but they stated that they weren't Dorian. Can anyone else remember this? If Wright was Satoshi then surely he should be able to post again from that account and prove it, or hopefully a new denial will be posted soon. This wasn't to do with his hacked email. edit: found it! http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source?commentId=2003008%3AComment%3A52186so if he or one of his team is Satoshi then all they have to do is post from that account, but they haven't. If trying to claim they are SN then that would be a very easy way to gain credibility Whether he's Satoshi or not Wright's house in Australia was raided by police today, and I imagine they might arrest him or want to talk to him about whatever the reason for the raid was. I don't think he will have much time for posting stuff on the internet until he has dealt with the police raid. |
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The Wired article was interesting and sometimes almost convincing.
If he is a fake, then the real Satoshi is glad to have some fool grab a bunch of attention.
Well there is Dave Kleiman, the guy who died, it's possible he was the driving force even though plenty about his final circumstances doesn't add up either. I found another story about this by gizmodo. It says Kleiman and Wright might have invented Bitcoin together. Then it goes on to say Kleiman might have had a fortune in Bitcoins, but it also says he died broke and in squalor. Anyone with a fortune in Bitcoins would have sold some to ensure they didn't have to live like that. http://gizmodo.com/this-australian-says-he-and-his-dead-friend-invented-bi-1746958692According to Paige, Wright eventually told him that Kleiman was the creator of Bitcoin. Later, he clarified that the cryptocurrency was invented by a group of people which included Kleiman. If that was true, Kleiman was likely sitting on a fortune when he died in April 2013—even if he were in possession of only half of Satoshi’s fabled million-bitcoin stockpile, that would have been worth about $65,000,000 at the time of his death. Several of the emails and documents sent to Gizmodo point to a close relationship between Wright and Kleiman, a U.S. Army veteran who lived in Palm Beach County, Florida. Kleiman was confined to a wheelchair after a motorcycle accident in 1995, and became a reclusive computer forensics obsessive thereafter. He died broke and in squalor, after suffering from infected bedsores. His body was found decomposing and surrounded by empty alcohol bottles and a loaded handgun. Bloody feces was tracked along the floor, and a bullet hole was found in his mattress, though no spent shell casings were found on the scene. But documents shared with Gizmodo suggest that Kleiman may have possessed a Bitcoin trust worth hundreds of millions of dollars, and seemed to be deeply involved with the currency and Wright’s plans. “Craig, I think you’re mad and this is risky,” Kleiman writes in one 2011 email to Wright. “But I believe in what we are trying to do.” |
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Satoshi Signed PGP, or GTFO.
Did Satoshi ever sign anything with his PGP key? I heard he never signed anything, and someone said it's useless unless he did. However, I don't understand PGP too well. Did Satoshi ever post his public PGP key anywhere? I know he could sign a message from an early Bitcoin address if his PGP key is useless, but I'm curious whether it is or not. |
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I haven't read so much from what satoshi said back in the day but from the little amount I've read, he never came across as a attention craving shady old man like this dude seems to be.
Just curious, but how did everyone get the impression that he's attention craving? I watched the videos and read the articles/emails and I didn't get that. What did he talk about at the conference? Everyone's been so busy discussing whether he's Satoshi or not that nobody has mentioned why he went. Did he speak about a new technical solution for a problem, or something mundane? If he's unknown then who invited him to speak, and why? If he invited himself it suggests that perhaps he's attention craving, but if someone else invite him it suggests otherwise. |
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Notice how the price shot up when China wakes up. It's now 08:08 in China so they must have started buying almost straight after opening their eyes before they had a chance to eat their breakfasts. That's what the tiny retrace is probably due to. As soon as they've finished eating they will be back to buying.
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From a simple search in graph we can see that there are lots of ups and downs today, hope tomorrow the price will be more than $400
There has only been one spike above 400 on Bitfinex during the previous 24 hours, and Bitstamp has remained below it. How can 400 be the new bottom if both those exchanges are below it? Wait until it's stayed above 400 for calling it the bottom. During the previous two years I read so many incorrect bottom calls that I don't consider them worth making anymore. |
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