If you are meaning why I think that miners will have a more difficult time with this halving than the previous halving; then I just meant that typically (I would think) that a good bit of big time miners that pay a lot of electricity costs and whatever to keep that "business" running full speed is going to have a tougher time keeping up with the costs... hence we get back to the centralized mining debate, and whether you believe that to be a big deal or not in terms of people losing out on a lot of money, there will be that initial period of time where the hashing rate will be pretty low, considering people are going to be exchanging bitcoins all over the place with the speculation running rampant.  ... So if we got a lot more bitcoins flying around and initially have less hashing power due to some miners (who brought a lot more hashing power than your typical 2012 miners did at the time) inevitably having to leave; then we will have potential a (maybe short) vulnerable point in time where the network security and effectiveness is going to be hurt...

Now whether people care about it and continue to pump money into it in the mean time is one thing.. but you can't tell me that there are just as many tx's going around as there was in 2012. More demand in bitcoin means more demand in hashing power.

... but again, it's all speculative. I don't claim to know that this will happen, it's just how I view things.

Edit: I know I don't have a vote, and no one told me that... I just think that since it's a P2P cash system that relies on people getting involved and hosting nodes, and etc. should mean that I should have a say in something. I know that would be ridiculously hard to set up and everything... but having the most powerful and influential people in this little economy we got set up controlling how everything works in the community is something I didn't sign up for, if I wanted that I would have just stuck with fiat.

Oh, got some smart contracting stuff you need to do soon? C'mon, the whole idea of Ethereum is a pie in the sky, nonsensical attempt of a crypto driven business model that doesn't make a lick of sense to anyone... but because it is different from the standard Bitcoin and cryptonote models, anyone can pretend that it is "the next big thing".

The average joe wants digitalized cash, not a digitalized contracts.

And the probability of this "roadmap" being completed before halving is probably somewhere close to zero.  Idk, the whole Bitcoin political system has really irritated me to say the least... big time miners and devs are the only people who have a real say in what goes on. I mean is that right? I don't think so... but my vote doesn't matter. Just makes the community less involved IMO.

Again, totally agree


It's just incredibly frustrating when the core team is still struggling to figure this out before the halving time comes.  It'll be interesting to see how the network holds, but I can see that with people trying to move bitcoins in and out of so many exchanges and wallets (tends to be the case with an incremental price increase) and the second halving ever in history of Bitcoin coming together.

Yeah, but also the Chineese markets could also be manipulating the markets and creating a bubble just like willy did over at MtGox... I just try to keep things in perspective and get very concerned when people start wafting in their own stench of success in bitcoin trading and creating big time profits for themselves.  If you believe in the currency and believe in the technology behind it, by all means keep a good chunk of it (I am)... but if you are just doing it for mere speculation and getting a couple dollars here and there, then I don't envy your day job.

Yeah, I mean I wouldn't just go about this all willy nilly and say that it is a guaranteed type of thing to end up being a wealthy person from such a big time investment (I don't care what people on here say, but $1K+ investments are big money)... I know people hit it big and technically they have a lot of money holding in btc, but to say that someone should at least invest $7K to feel good about their holdings is pretty ludicrous... I guess I've just grown up poor and know what it's like not having much to throw around.

But yeah I agree, different perspectives and approaches to certain things for everyone.

Yeah, I know that... but what I'm saying that gives an easy advantage in the bidding schematic of confirming your transaction.  You have thousands of users using a mobile app that doesn't allow them to change the tx fee and they unknowingly put them selves at a major disadvantage.  Might end up getting a lot of pissed off people who aren't familiar of how this works might as well happen if this is the case.

I think it's pretty obvious for you to figure out that it would be optimal for you to earn your income based on what you can pay your bills with.. Plus with you saying would you "one day" like to be paid in bitcoin means that you are giving us hope for a world where you can pay everything in bitcoin, and not just accept the status quo of today financial system.

I wonder if all of the mobile wallets are updating there tx fees before, after, or during the day of the halving? I feel like they would need to atleast give users some kind of formal heads up or just be ready to update when the time comes, but it's inevitably close now... It just seems that a lot of btc users like to stick to their phone wallets more than anything (ease of access I guess).

So basically you go up to the teller and just ask for a deposit slip and fill everything out according to the account name/number and that sort of thing?  And I understand what you are saying about the bitcoin atm's, I'm sure there are some sort of regulation on exchanging bitcoins in such a public environment... I guess it looks like the best route is to try out BitQuick for a small amount of money like you were saying and see if everything goes well... if not, I can always go back and try localbitcoins again and try out the cash deposit there.

Well when I've used localbitcoins, there seemed to be a multisig escrow where the buyer and seller have to verify the transaction was completed and then the 3rd party releases the bitcoins... so there seems to be somewhat of a middle man.  I looked at BitQuick earlier today and it seemed that they had lower markup rates than localbitcoins, but didn't know if it was still considered "scammy" and didn't want to take a chance in losing out.

I've also had uncomfortable situations at the bank where I've gotten question as to who I'm sending it too because I usually don't have an account at that particular bank... I just wish I had a bitcoin atm around where I live... would make life so much easier lol.

Actually I would even consider saying that it would be "the year of the Bitcoin" if it's price stabilizes and doesn't have crazy dips and spikes, which is considered to a lot of people being "dull"... but in order to be treated as a noteworthy "storage of wealth" there need to be a grace period where there isn't a whole lot of movement or a slow uptrend of maybe like $10-$20 over the course of the year to be considered "stabilized".  Then I think a lot more people that are considered to be outsiders will start to see bitcoin as something to invest in over the long haul, like with gold, and appreciate over time.

Then, and only then, you will start to see roswell capital commercials on TV (in the US) that promotes gold AND bitcoin purchasing to "prepare for retirement".

I mean, I can see a world where we wouldn't use just bitcoin, but in terms of where/who it can reach in that you can send it to any one relatively quick I can see what you are saying.  Plus, it's the closest thing to paying someone "under the table" for miscellaneous jobs online without taxes and that sort of thing, so I guess that's a plus.  I couldn't even imagine having to file for taxes right now with all the random stuff I have bought and that sort of thing with bitcoin.

If they were to be way too radical, though, that would cause a lot of people to feel uneasy about keeping all of there funds in bitcoin... this is when you will see the scenario that there will be two or three coins at the very top in terms of pricing, but people seem to not realize that the price of something doesn't always mean that it is the best.  I mean a lot of the time the arguments forbitcoin is that it is simply higher in price, and their argument has nothing to do with the technical aspects of bitcoin.. which is really silly in my mind.

I was trying to see if there were any recent threads about BitQuick since one of the premier Bitcoin ATM companies (I forgot who exactly) took over the site, because they were hacked awhile back...

Has anyone tried out the site recently?  If so how was it? I've only used localbitcoins in the past and was wondering about this site since it looks like they might have lower prices than what people on localbitcoins are selling for.

Have any of you guys tried out bitquick yet?  Just curious if it has any features that make it better than localbitcoins's cash deposits?

Exactly, I hate how people automatically assume that it is going to skyrocket because of the thought that scarcity = price rises.  This might be the case at first since people have been assuming that for so long, but there will be a point in time where people will question whether they should be paying that much for a coin that has such a congested network that doesn't provide them any functionality other than being highly priced and is used for heavy speculation.

Beautiful coins by the way smoothie.

Does that apply for all of the sets or just these first 10? Also, will you continue to auction these off after the initial 10,  or just sell them first come first serve?

Is there any reason why I'm having trouble resetting my password for both my main account and my web poker client?  I can log into my main account, but not the web client..

Also, it makes since that is the case because of the fact that he held out on his stash for so long.  If he were to have jizzed his pants at the fact that it went up to $10 a while ago and sold everything, he wouldn't have the fortune he has acquired today... I guess lesson to be learned is that if you believe in something you gotta stick to your guns.