This is not a flaw in Bitcoin. Each bitcoin is divisible into 100 million subunits (called satoshis). So even if bitcoin trades at a very high price, such as $1 million per bitcoin, each satoshi will only be worth one cent ($0.01). So a coffee will cost 200 satoshi.

God I get sick of stupid people posting stupid questions.
Yes peg it to something arbitrarily like gold. That makes a lot of sense.


The correct answer is that it will be a function of the overal value of the bitcoin economy and the velocity of bitcoins. Maybe bitcoin days destroyed works in somehow for the velocity.
And that will create deflation , which means the price will be forever rising.

Unless someone figures out how to peg a new unit of measuent to Btc on the blockchain which would auto peg the deflating Btc to some non deflating unit based on aforementioned mass x velocity metric.

Either way the price of Btc constantly deflates , just a matter of how to handle it

mentioning which exchange you wish it for helps as each have different API methods

TCP/IP will never go mainstream.  It is just a prototype.  The idea that a protocol that was state of the art in the 1970s will be used by billions of people in the 2010s is just stupid.  By 1979 the internet hadn't become mainstream so obviously it was never going to happen.  Something more efficient than the internet will come along and we will use that instead. 

You probably have read a lot of things online which are completely untrue.  Bitcoins can't be counterfeited.  Every node of the network is aware of every confirmed transaction and all transactions can be traced back to their minting.  Any coin created from thin air (outside of the authorized and limited amount in block creation subsidy) would be immediately recognizable as invalid.  

Bitcoin can be stolen, lost, double spent (under some conditions), and even mined out of existence but they can't be counterfeited.

This is a side channel attack.  There is no flaw to find or fix in the protocol.  It says that if the attacker can monitor and manipulate the CPU then they can steal the private key.  The fix is to make sure the attacker can't monitor or manipulate the CPU.  If almost all circumstances if the attacker can do this he can simply steal the wallet.dat (which is much easier).  

The one exception would be idiot service operators running bitcoin services in "the cloud" or on VPS.  Of course there have been at least two dozen thefts in the past related to compromises of VPS (including linode).  Virtual environment will NEVER be secure for bitcoin services.  OpenSSL may eventually make this attacker harder to pull off but even then the VPS will remain a source of hundreds of attack vectors.

If you use a bitcoin related service (exchange, eWallet, mining pool, etc) ask the service operator if they are stupid enough to run it on a VPS? If the answer is yes run, run, run for the exits because it is only a matter of when not if they eventually lose all your bitcoins.  This technical vulnerability is the least of your worries.  There are attacks which are a magnitude easier (including simply logging in with the super admin/root account and stealing the coins).

Strict financial regulation and fear of lawsuit are probably slowing down Bitcoin entrepreneurship in western world. This is particularly true for the US.

1. MemoryCoin is a scam

2. FreeTrade (MMC developer) is dodgy

3. Your math is based on variables

4. Power Consumption will be more like 80-84 watts using an i7-4770K (and you haven't included *any* power prices in your estimations)

5. If you think a $335 CPU is going to be worth $200 in 12 months, you're probably not very familiar with a thing called "depreciation"

6. "Total Investment" doesn't include Motherboard, RAM, PSU or HDD - your "Total Investment" is based on ALREADY owning 12 systems capable of handling an i7-4770K


Next time you want to promote a shitty coin - make sure you use a "Self Moderated" thread like the other devs do - so you can delete anything you don't agree with - like the MemoryCoin devs do.

Remember, Huobi has been accused of "manipulating" their numbers/volume.  I wouldn't be surprised if they are continuing to fake their data.

A Whale will put up a Buy wall at a set price like say he doesn't want the price to Rise past 650$ he will take anywhere from 50 to a couple hundred coins and PRETEND TO SELL THEM @650 then another 100 coins at 651 and 20 coins @ 652 and so on and so on creating a Wall that would take Tens of THOUSANdS of DollArs to MOVE that pretty much can't be done unless your very wealthy or THE PUBLic bUYS lIKE CRAZY!He can do this because he has  hundreds of thousands of dollars if not millions..........
 If people start BUYing UP HE PULLS THE COINS FROM EVER BEING SOLD and Never Loses!He doesn't really want to Sell thEm! Just Use them to keep the price leveraged and pancaked in his BUYING RANGE Knowing the public doesn't have the Funds to Buy The COINs and move him! The PRICE WON"T MOVE. This gives a ILLUSION of PANIC SELLS  also and People who don't know better end up selling into it below this price and The Whale BUYS more and he Rinses and REPEatS it or he even Sells all the way down till thiers no BUY Support left so he can establish his own price level  for when people try to sell their coins later they have to abide to the price created and he or they can BUY CHEAP!
 This might explain it to you better http://en.wikipedia.org/wiki/Pump_and_dump