Bitcoin Forum
April 23, 2019, 03:08:02 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 »
1  Bitcoin / Bitcoin Discussion / The Potential Fatal Flaw in Bitcoin on: February 28, 2018, 04:28:32 AM
Been AFK for a minute.

Let me start by saying...as many of you know, I've been involved with BTC since 2013 and am a long time believer in Bitcoin and blockchain. But I try to look at things objectively and am always open to new perspectives. This op-ed published in Bitcoin Magazine today got me thinking. Makes some interesting points worth considering. Could the open-source nature of the new web be the very thing that hinders it...?

https://bitcoinmagazine.com/articles/op-ed-potentially-fatal-flaw-open-source-blockchain-protocols/
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Which ico best in 2018? on: February 28, 2018, 01:47:55 AM
In terms of value versus potential...this little ICO that no one has heard of could be the next superstar. The best ICO you've never heard of...

CoinLion (LION) https://coinlion.com/ just sold-out its ICO and burned over 100,000,000 tokens today:
https://etherscan.io/tx/0xa9bcede2730264a4e541d2e442766690fdbc0606fef8c5774842bdaee320fb8d

Think of it as the anti-Telegram ICO...no hype, all substance...
3  Economy / Collectibles / Re: [FREE RAFFLE] THE HALVENING - BLOCK 420,000--DONE-- thank you!!! on: July 13, 2016, 03:30:57 AM
I have PM'd all winners and sponsors.

Thanks again. Cheesy

Long been an avid Bitcoin proponent...never expecting such a reward in return!  My apologies for the delayed response...been AFK on the road for a few days.

Thank you again MJ for putting this on, and thanks also to all that participated for supporting BTC, the Bitcointalk community and the movement.

A very special GRACIAS to the extremely generous sponsors, which I'll take the liberty to highlight again...


Honored to be associated with BLOCK 420,000...another landmark moment for Bitcoin.  Guess I found my new lucky number...!

000000000000000002cce816c0ab2c5c269cb081896b7dcb34b8422d6b74ffa1

Would make for a lovely tattoo no...? Grin

4  Economy / Collectibles / Re: [FREE RAFFLE] THE HALVENING - BLOCK 420,000 on: July 04, 2016, 08:23:59 PM
Thanks for pulling this together MJ.   I'll take 01.
5  Economy / Collectibles / Re: [WTS] 10 BTC Casascius Silver with Gold B on: June 29, 2016, 10:27:12 PM
Uberbills lists the owner as bitmarket.io.  Can you provide some chain-of-custody and/or any other history on this coin please...?
6  Bitcoin / Press / [2016-06-17] Bitcoin Competitor Hacked on: June 17, 2016, 03:47:22 PM
From ZeroHedge: "Finally, all of this just goes to show that when it comes to "money", whether digital, paper, or hard, there is simply no replacement to being able to hold it in one's hand..."

http://www.zerohedge.com/news/2016-06-17/bitcoins-largest-competitor-hacked-over-59-million-ethers-stolen-ongoing-attack
7  Economy / Collectibles / Re: What happened to Casascius premiums...? on: June 17, 2016, 03:45:09 PM

Understandable...especially regarding liquidity and exchange valuations.  If we step beyond the idea of numismatics and look at Casascius from an asset diversification standpoint...having some amount of physical BTC would seem to hedge risk...for anyone wanting to invest (hodl) in Bitcoin really.  Of course there are countless offline wallet solutions that serve a similar purpose, but Casascius has a well-earned spot at the top of the list in terms of potential appreciative value, in addition to its proven cold storage risk management attributes.  A 1BTC silver Casascius actually holds ~2-3BTC of value in one coin, at the current market rates...there are not many other cold storage solutions that can claim that kind of premium value store.  And as an aside, regardless of what one thinks of grading standards, having an early graded/dated and slabbed coin may provide some additional measure of security, if and when counterfeits become a major concern and enter the market en-masse...as is the case now with mainstream coin and card collecting.

With so few actual Casascius in existence overall, it would make sense that as more players enter the space, we may see increased demand for Casascius as a diversified BTC holding method...keep some liquid and some physical.  This demand driver alone may move premiums back up, without even considering collectability.


Today's Ethereum news seems a fitting example of why people will always look for physical ways to hold value in an effort to hedge risk...

From ZeroHedge: "Finally, all of this just goes to show that when it comes to "money", whether digital, paper, or hard, there is simply no replacement to being able to hold it in one's hand..."

http://www.zerohedge.com/news/2016-06-17/bitcoins-largest-competitor-hacked-over-59-million-ethers-stolen-ongoing-attack

8  Economy / Collectibles / Re: What happened to Casascius premiums...? on: June 14, 2016, 05:45:51 PM

[snip]

I'd say people are unsure of whether to hold on to their bitcoin or invest in physical coins since the value has gone up so much lately. It's pretty much going from a very liquid investment into a static investment that may not rise as much. There do seem to be a pretty constant supply of sellers, but few people are willing to invest such high amounts for such a small object and I can imagine most people would still think of the USD amount when buying such items.

Understandable...especially regarding liquidity and exchange valuations.  If we step beyond the idea of numismatics and look at Casascius from an asset diversification standpoint...having some amount of physical BTC would seem to hedge risk...for anyone wanting to invest (hodl) in Bitcoin really.  Of course there are countless offline wallet solutions that serve a similar purpose, but Casascius has a well-earned spot at the top of the list in terms of potential appreciative value, in addition to its proven cold storage risk management attributes.  A 1BTC silver Casascius actually holds ~2-3BTC of value in one coin, at the current market rates...there are not many other cold storage solutions that can claim that kind of premium value store.  And as an aside, regardless of what one thinks of grading standards, having an early graded/dated and slabbed coin may provide some additional measure of security, if and when counterfeits become a major concern and enter the market en-masse...as is the case now with mainstream coin and card collecting.

With so few actual Casascius in existence overall, it would make sense that as more players enter the space, we may see increased demand for Casascius as a diversified BTC holding method...keep some liquid and some physical.  This demand driver alone may move premiums back up, without even considering collectability.

  



9  Economy / Collectibles / Re: What happened to Casascius premiums...? on: June 13, 2016, 09:39:44 PM
Been AFK for a while...come back to find BTC value skyrocketing, but Casascius premiums plummeted...what gives...?  Since when did we start asking mid-teens for 10BTC silvers and selling gold 1BTC MS69's under 3BTC...?!  What the heck's goin' on round here...??

It would appear currently there are more sellers than buyers

Absolutely understood...but the question is why?  Last time BTC popped like this in late 2013, 10's were trading in the mid-20's (if you could even find one).  From what I can tell on the forums, perhaps there is speculation that people won't be willing to pay high BTC premiums as BTC value increases, but bottom line, Casascius coins are very rare and will only become more so.   If this is the case, numismatics history would indicate otherwise regarding premiums:   http://www.pcgs.com/News/The-Top-50-Us-Coins-Of-All-Time

Will be interesting to see what happens as more people enter the space...guessing we'll see a spike once we cross back over the $1000USD/BTC threshold.  People still like to hold shiny things in their hands!
10  Economy / Collectibles / What happened to Casascius premiums...? on: June 13, 2016, 04:14:36 PM
Been AFK for a while...come back to find BTC value skyrocketing, but Casascius premiums plummeted...what gives...?  Since when did we start asking mid-teens for 10BTC silvers and selling gold 1BTC MS69's under 3BTC...?!  What the heck's goin' on round here...??
11  Bitcoin / Press / [2016-03-02] The Verge: Bitcoin's Nightmare Scenario Has Come To Pass on: March 02, 2016, 11:23:56 PM
Hold on to your arse...this oughta be interesting...

http://www.theverge.com/2016/3/2/11146584/bitcoin-core-classic-debate-transaction-limit-crisis
12  Economy / Exchanges / BTC-E under DDoS attack on: January 07, 2016, 07:13:11 PM
Please forgive if this is "old" news and already posted, but it seems that BTC-E is under a DDoS attack and the site has been down for a few hours.  Anyone have further updates or info...?

https://twitter.com/btcecom?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
and
https://btc-e.com/
13  Economy / Collectibles / Re: ANACS Casascius Grade Populations on: January 04, 2016, 06:33:56 PM
So looks like ANACS recently updated their certification verification tool to include populations: http://www.anacs.com/Populations/CertVerification.aspx

Checked the silver 0.1, 0.5, and 1.0:

TypeDateMint   Variety6061626364656667686970Total Graded
PATTERNS2013CASASCIUS 0.1 BITCOIN0000711717193511107
PATTERNS2013CASASCIUS 0.5 BITCOIN00032646384016201190
PATTERNS2013CASASCIUS 1 BITCOIN0041433595158436212336

System doesn't appear to distinguish between the all-silver and gilt silver singles.. and I have no idea if these distinguish between brass and silver for given years. But I am guessing someone here is hoarding a pile of MS70 singles! Ahem, Blazed and MN...

If anyone wants to look up nickels, tens, and brass coin populations... just need a cert number to start with. We could try to build a table of all the Cas (+other) coin grade populations.

Happy friggin' new year!


Keep in mind that unless ANACS tracks and records each unique coin address, POP reports may not be accurate due to people cracking original cases and resubmitting for potentially better grades.  There was a thought that ANACS was giving higher grades recently, so some folks resubmitted coins for reconsideration.  Unless ANACS tracked the addy, gave the same grade and didn't include the regrade in its POP report...then there may be many duplicates in the POP reports.  Wouldn't be surprised to eventually see the number of graded coins eclipse Mike's total overall output production numbers, especially for the lower run coins like 2013 silvers.

14  Economy / Collectibles / Re: [WTS] 2013 Silver Casascius Coins With PGP Chains on: December 21, 2015, 07:58:22 PM
Has anyone actually found a fake Casascius?

If Bitcoin were to ever reach 2-3k in value you better believe China will starting making them.

Just a thought...I would offer that any Casascius coin graded by ANACS before the first documented counterfeits turn up, could be considered just as authentic as any chain-of-custody coin.  This approach, along with an extensive global network of authentication processes and experts, is the method in which the traditional sports card collecting industry handles counterfeiting.  The challenges associated with counterfeiting go back ages and spans countless industries...and many of those same authentication and verification procedures currently used and trusted with varying degrees of success, can be implemented for Casascius and other digital currency collectibles as well.  I'm guessing that the small percentage of chain-of-custody coins in existence won't be the only ones verifiable as authentic regardless of future BTC value or volume of fakes flooding the market.

That said, at this early stage of Casascius collecting, having PGP-signed COC is certainly a nice bonus.
15  Economy / Auctions / Re: [Auction] 2 x Casascius Silver Singles - Not Graded on: August 21, 2015, 07:24:35 PM
0.01...c'mon man!  So that's how we're rollin' now...?

Sell me your MS67 and these are all yours... Wink

No way man...these could be MS69's! Smart move is bid these up really really high  Wink

No bias there!  Grin  Which brings up a good point...you've had so many graded Blazed...curious why you held these two back from ANACS...?

Looks like Dazed sold his MS67 regardless...these silvers have been moving lately.
16  Other / Meta / Re: Stake your Bitcoin address here on: August 21, 2015, 07:20:05 PM
1LUwMs4QJNPWZmaSrD4Uk8SrHSkbaGvqt4
17  Economy / Auctions / Re: [Auction] 2 x Casascius Silver Singles - Not Graded on: August 21, 2015, 07:05:04 PM
0.01...c'mon man!  So that's how we're rollin' now...?

Sell me your MS67 and these are all yours... Wink
18  Economy / Auctions / Re: [Auction] 2 x Casascius Silver Singles - Not Graded on: August 20, 2015, 10:35:24 PM
4.5BTC
19  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Bitcoin XT (is there any difference to the average person) on: August 18, 2015, 09:23:43 PM
It is very difficult to get a straight answer in this forum with such a question.  You are likely to get some very passionate (and scary) sounding answers from individuals that are sure that they know exactly what the future will bring.  If you want to discuss this in a more relaxed and unbiased setting, feel free to send me a PM.

I might take you up on that. I've got a number of questions that have been bugging me for a while. I haven't wanted to ask them for fear of looking like an idiot on the open forum. I may take time to send you (as a trusted, knowledgable, old school forum member) a PM tomorrow if that's ok.


DannyHamilton is awesome.  He was one of the first people that made me feel welcome here--actually walked me through how to use a wallet!  Incredibly knowledgeable and patient with those truly interested in learning about Bitcoin.  I'll likely be reaching out to him again soon as well.  Thank you for continuing to be a trusted resource for our community DannyHamilton!
20  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Bitcoin XT (is there any difference to the average person) on: August 18, 2015, 08:21:07 PM
I see two separate issues being addressed here.  One is the validity of each BTC.  The other is the value of each BTC.

I'm guessing there are quite a few threads addressing this already, so please do post links to answers.  Most of the discussion I've seen is technical, political and/or philosophical...rather than real world practical and logistical execution discussion for the average user.  Also, please correct and/or elaborate as I'm sure I've missed details as we piece this together...but the way I understand it...

Any Bitcoin Core created BTC pre-fork would continue to be valid on Bitcoin XT.  All BTC, be it from Core or XT would be valid on both chains, for as long as Core could maintain the capacity to handle the additional volume created by XT's increased blocksize.  But new BTC created once Core has reached it's max capacity would then only be identified and valid on XT.   At that point, sending a newly mined BTC to the older chain would simply no longer be recognized?  But sending a pre-fork BTC to the XT chain would always be valid and recognized.

The value question is completely separate.  The value of any BTC regardless of what chain its on can rise and fall based on myriad factors, not the least of which is the potential loss of trust in the network due to these and/or other changes.  One BTC from either chain would be worth one BTC--the question is simply which chain would recognize it based on it's date of creation.  The exchange rate value of any BTC will be determined by market forces, rather than technical ones.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 »
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!