Even if it does become available you also need to take into account the power consumption aspect including the initial hardware cost investment. The miner need to decide whether it is economical in a new mining equipment before making a switch. So assuming nothing's changed, then you should see more bitcoins getting mined per same amount of time. From there you would expect what would happen to the price.

Looks good but I just thought instead of only credit card payment  they should also make available bitcoin payment option. Although I am currently satisfied with my trezor device but I will sure consider this on my future shopping list. The thing I like here is the shape which looks thin and should be able to fit in to my wallet.

Somewhere at the middle path but slightly leaning towards the brighter future direction. I think is one of the cleverest invention. It has its plus points and like I always believe, it is our hope and will be the solution to our all financial mess from the current system. However it is still fragile and at times could look it it will just end up a failure. Just trying to be positive.

One thing about the Chinese is that they seems to prefer their own version of cryptocoin. Take for example TRMB. If you look under coinmarketcap it seems to appear out from nowhere to be among the top. And it looks like they are very focused on this one though but not to imply that they are totalling ignoring bitcoin

Better not. I would rather have it maintain at current slow but steady pace rather than going up too fast and finally ended up a flop once again. I don't mind if it's a healthy rise backed by the fundamentals because it is the only way that price can sustain itself. Else it will just go down again much to everyone's disappointment.

It's more like an effort from a central body with the authority to block access to the websites. Obviously those that did it see bitcoin as a threat and needs to take whatever possible measures to prevent its further use. It will be interesting to see what would happen from here and whether blocking access might be an effective measure.

Nobody can tell you what would happen in that long period of time. Things are moving so fast and dynamic and since a sudden change of direction can happen just like that and so drastically, it's almost impossible to foresee what would happen 2 years from now. You can use the event that happened 2 years earlier by comparing the scenario in 2013 with where we are right now and you'll see what I mean.

If this trend continues, we should expect some bull runs closer towards the repayment deadline. The idea here is to have their money safe and can be converted to cash anytime and when they need it. Learning from the lesson in Greece I think more people around the world should think about how to secure their wealth.

Most if not all HYIPs are scams. It's a matter who got in fast and who got in last. If you are looking at the best method to grow your coins, i would say just hold it tight. You won't see the numbers increasing but at least more important you don't see it decreasing as it will saps the morale when the numbers go down.

I don't think it's anything peculiar. Looking at how things have been going, it's a matter of time people will start to look for alternatives. If having your money getting freezed in banks and then seeing your paper currency getting devalued aren't strong enough reason to convince these people, then I don't know what would.

I don't think other cryptocurrencies rivals bitcoin at the moment. The one that I ever get closest to which I think has the potential is perhaps doge. Not because it has anything special in terms of the coding but because of the support from its strong community base which makes all the differences. Plus it is easier to move the coins around due to its wider acceptance at major altcoin exchangers.

Being the first crypto, it has more established infrastructure compared to the other altcoins. Which include the payment systems, exchangers, bitcoin accepted stores and largely the reason also is that all the other altcoin use bitcoin as the benchmark. This also gives it the advantage in terms of having large community base which is what cryptocoins are all about.

No I think you got the intepretation mixed up. If somehow fiat value goes down considerably, that is due to inflation. In other words the same value of fiat which can buy you a certain amount of goods, can now get you lesser amount or quantity of that items. It can be caused by a lot of factors like for example devaluation, uncontrolled money printing, political instability, economic woes, etc. Bitcoin mechanics is different. When you have 21 millions and even less out there, there is not enough coin supply so it works the other way round. This time more goods are needed to get the same unit of bitcoin.

I currently have mine in cold storage using a paper wallet and with another smaller portion on an old laptop which is not connected to the internet. The beauty of bitcoin is that you can find creative ways to hide away the private keys so long as nobody gets to see it. Some innovative ways like having these stamped onto a metal plate or even use some clever secret code encryption that you develop your own. The options are limitless.

I like the part that elaborates how bitcoin is backed by the blockchain which obviously the writer did a good writeup to summarize it in comparison with fiat currency. Oh and the part about how you can issue a 10 dollar debt and back it when you have heaps of debt already under your belt. Kinda of makes sense pinpointing the weaknesses in the fiat system. Nice share!

While the method works, there are a few considerations. First of all, to take advantage of small spread to make decent income you will need a lot of fund. Second, since the fund needs to be readily available at all times, the money will need to park there and you have tons of fund getting tied up at the exchangers. Third, you will need to be constantly monitor the price movement because these thing can shift very fast as there are also other traders keeping watch of the movement to take advantage, not only you. Unless you can find a bot to trigger you.

I'm not disputing whether the method works or not but obviously these obstacles have to be overcomed.

It's possible that countries may declare bitcoin as illegal out of desperation to control money laundering. If one day if becomes too rampant. Somehow if it does happen which most likely it won't, I will just sell off everything and convert to other assets like gold. Obviously it's not worth to take the risk considering you will either end up in jail or become a fugitive.

Not sure how I would define a killer app but for me, something useful, convenient plus having user-friendly features would be nice. For example if the app can show me which location within my vicinity where there are stores accepting bitcoin or something that integrates online shopping sites, bitcoin exchangers, everything all into one.

Well each and every page that you randomly request for are generated on the go or as per demand based on mathematical calculation, thus in reality the system never keep or index every possible addresses. The guy will need tons of space just to store all that. Somehow, I would say that's a joke.

You can try to click and you can go on to do that for the rest of your own lifetime. But I doubt you will ever find an address with coins in it. That's what we call math.

In reality the system has been designed so that payments are irreversible. But even if the feature does become available, I don't think that I would ever want to use it again. If you have chargebacks who is going to decide which party to win in the disputes and since in bitcoin there is no central authority to decide that, I can imagine that chaos that is going to happen. We have seen how bad things can be when you have chargebacks and no way would I want the same thing to happen to bitcoin.