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Could anyone point me to a digibyte node map site?
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For the same reason that Worldcoin went up.
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As BTC price declines, altcoins will slowly, gradually increase in relative significance. The great moment will be when the market cap of an alt is greater than the BTC cap. I really look forward to this - and it will happen, sooner or later.
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Wow. The ongoing downtrend is relentless. This is what happens when monopoly mining interests lose their monopoly and real price discovery occurs. Oh well, it must stabilize eventually...
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Interesting. Vanuatu is a country comprised of several islands situated to the NE of the Australian land mass.
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I agree, mining needs to be decentralized and BTC mining is highly centralized. This is a MAJOR problem.
Quark is not only ASIC resistant, it has completed the initial coin production phase, and now only 1 QRK is produced per block. This means even if an ASIC were built for this coin, large mining farms wouldn't be economically feasible - mining would only be done by individuals on their personal devices.
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I think the general BTC decline is all down to the East European mining monopoly being broken by new Chinese farms.
It's dropped this week because it's sliding off a dead cat bounce.
Price growth in the first half of 2015 - not likely, IMO.
If anything, further price decline (caused by farms immediately selling as they mine) is likely. At some point a new equilibrium will be reached.
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99.9% of the time, paying with bitcoin goes through a payment processor such as bitpay, bitpay instantly sells your bitcoins for FIAT hence putting sell pressure on the market. So basically if people take your advice right now and start buying products with bitcoins, the price will fall.
No that is a myth. The reason the BTC price is falling is that miners are selling immediately, and not hoarding.
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Today's a good day for bitcoin, up over 10% at the moment per Coinmarket cap. But I'm not finding anything on the radar to explain it. Just a rebound from the crash that ostensibly started with the diversion of funds for the Alibaba IPO? Or a new bull run like last fall? Any news and rumors would be appreciated. Dead Cat Bounce
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BTC going up, same thing all over again Dead Cat Bounce
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see how your ideology rewards you... you are given golden opportunities cheap(early btc adoption) for being a libertarian.. but what would a socialist get?... maybe free food coupons.
Socialism is very rewarding if you are in on the ground floor and have control of the power used to keep the people in line. Then you become a master of people and can get all sorts of perks that you will not allow your followers to have. I've studied the Left for many years now, looking at their various policies and trying to make sense of them. There seems no logical cohesion, no central principles involved. Environmentalism, gay rights, internationalism, the destruction of the family, centralized control of production, centralized control of distribution, Political Correctness, the capture of the Media, the capture of Academia, anti-religion, feminist, as well as the jaw-dropping hypocrisy of Leftists when comparing their personal lives to their political opinions. Its a very puzzling patchwork of policies. Ultimately, I decided the following: 1. The Left supports a variety of voting blocks (gays, ethnic minorities, trade unions, etc etc etc), in order to gather together these disparate groups and form a political majority with them. There is no particular reason for Leftists to support any particular policy UNLESS it provides them with a committed loyal voting group. The ONLY principle which guides them is which route is most effective at SEIZING POWER. 2. This concept (of the Left as just a political power "vacuum machine") is extremely useful. It means that the Left is simply a gigantic conspiracy to usurp society (and in so doing propels the Party leadership into the top ranks of society). All the talk about equality, fairness, looking after the weak, altruism, etc is complete BS, a mask to hide the real agenda. 3. Looking back through history, the Left is soaked in the blood of its victims. Lenin was a truly sinister murderous conspirator - Stalin was just following Lenin's path when he murdered millions. Pol pot, Khymer Rouge, Shining Path, Mao, Hitler, Guevara, all of these socialist bastards have caused utter chaos and bloodshed amongst the masses they pretend to care for. Anyone today who is still a socialist is either a fool or a very dangerous, calculating monster. (ps And yes, Hitler was indeed a socialist in case you were wondering. He led the National Socialist Party).
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OP, you make me sad. You dont "get it." Bitcoin isnt just a financial tool, it has profound political and philosophical implications as well, which you fail to appreciate.
We dont care that you dont see the value - we do. So just leave: sell your coins, and dont come to this site again. I would personally appreciate it. Thanks
All that matters is adoption by the average person as a type of quasi currency Everyone can see all the big news about major retailers taking btc did NOTHING to help btc value did it So most here are delusional as to why the value of btc moves up or down As long as retailers are churning any transactions into fiat the currency will have downward pressure I agree that adoption by the consumers is all that matters; adoption by merchants alone means little by itself. The price is NOT dropping because of traders cashing back into fiat. That is a myth. It is dropping because the mining monopoly has been (temporarily) broken and the cost of mining has risen - and so most miners are now selling as they mine (instead of hoarding as before). All that is happening now is that BTC is going down to its genuine market value, it should smoothly swoop down to this over the next 3 months.
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A $5 Billion failure... think I'll keep playing tyvm.
Nice incendiary title btw.
...Soon to be $4 Billion
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I don't think bit coin price is dropping for the reasons given. If I were to buy an item using bitcoin, I would replace the bitcoin by buying more using fiat. i.e. I buy a computer for 2BTC, I would subsequently re-stock my BTC by buying 2BTC on the exchanges. This is basically price-neutral.
There is a much better explanation of why the price is dropping; East European miners had effectively cornered the production of new BTC and were holding bitcoin back to squeeze the market and artificially raise the price. (Like deBeers did in South Africa with diamonds in the 19th century). Recently, new Chinese mining farms have started up big time, and the monopoly is broken (for the time being), with miners selling immediately in order to cover their costs. As the price drops further, miners are further encouraged to sell their newly minted BTC ASAP. What we are witnessing are the consequences of one mining cartel snatching control from another - a temporary state of affairs where true free-market forces can determine BTC price.
The problem is that the basic BTC economy is flawed - centralized ASIC mining is not working.
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As an alternative to the fiat currently used by ordinary high street shoppers, it's clearly a failure. As a decentralized currency, it's beginning to show signs of failure, or at least strain. As a currency with a genuine free-market value, it's also currently a failure. As supposedly rapidly evolving, dynamically responsive piece of software, it's failing. But as the "Model T" of altcurrencies, and as the harbinger of a global economic, social and political revolution, it is already a massive success; it is The CyberChrist
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This aint bloody enough yet. Capitulation only started
+1 $200?
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The BBC is a seriously biased organization. Nobody should view it as anything other than a propaganda machine. http://biasedbbc.orgA site called biased BBC is probably going to have a bias of their own, but I can't put a finger on what it would be... Actually all they do is identify and document the various outrages perpetrated by the BBC on a daily basis. If you actually read the website, it is filled with intelligent analysis of BBC output. At the very least, the website provides quite a thorough catalogue of BBC crimes for future investigations and prosecutions should the opportunity arise.
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Litecoin has been going down regardless of Bitcoin's price, while Bitcoin rebounded during May, Litecoin did not and continued to fall. That means that Litecoin is not going up in price during Bitcoin price rises, which means it is not the "silver to Bitcoin's gold", more like the rotting iron to Bitcoin's stainless steel.
Stainless steel?
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