It might be sooner. We don't know about that. But I imagine people will be one day treasure their bitcoin so much that it will become a treasure for inheritance. It's like whatever we are keeping today will be worth a lot some day enough to pass on to our children or even grandchildren that will be enough for them to lead a comfortable life

It goes to show that if one day the bitcoin network grows considerably, it won't be able to cope up with all these amount of transactions coming in. It's trying to a prove a point here whether it is intentional or otherwise, the message is clear we are not prepared for all that.

They are merely using the blockchain technology and nothing else. Doesn't mean that it will be in direct competition with bitcoin nor will it affect bitcoin price. Even if they have their own cypto what people are still interested in is the decentralized function. Not having that doesn't sound like crypto in the first place.

If you are so convinced that you've made the wrong decision, then buy back again when the price drops. I never believe it's too late. The ltc btc pair has been on the ups and downs cycle these past few years so you might be able to catch up with some good buys. Just diversify your holdings to be on the safe side.

I don't think volatility will become an issue in the near future. We can see that price are stabilizing and that goes to show when adoption increases with more people using bitcoin and the market size getting huge, whales will find it harder to manipulate the markets.

Because you don't need anyone to keep it for you on your behalf. You can use the Greece example and you can see how things can messed up so much just because you think that banks are safe but they are not. In other words, with bitcoin you are in control of your own money and use it when you want and everywhere you go.

Maybe people are just not convinced of the result and wants to test it again. Looking at the current problem that we are having with the confirmation time, it really tells a lot whether we are ready for the future. It's clear we are not

I wouldn't call it a dump. It's more or less like a price adjustment after a rally. If you compare that with the foreign exchange market I believe you are basically seeing the same thing happening all the time.

Probably not right now after the control that the banks have put in place. I can imagine if these were done (bitcoin as the alternative currency) much earlier, things would have been different. I can see bitcoin can benefit in a lot of ways where no one can actually exert a control to the extent of telling you what you can or cannot do with your money.

Well transaction time for me is still something bitcoin needs to work on. I need it to be faster. I can't imagine waiting in the queue at retail outlets. It must be a swipe and go process. The next issue is probably the recent debacle about the majority and who really owns and control the network.

I only took pity for those innocent people who worked hard and earn for their savings only to find that they can't even take out their own money apparently because somebody else screwed up things for them. If they knew all these would happen, they would have looked at options on how to bypass it. Now is probably too late.

Give me a reason why the bodyguard shouldn't just grab your money and run off with it rather than waiting for you to pay them? You will need a lot of money to turn a profit and with that amount of stash you are carrying, a bodyguard wouldn't risk life and limbs to protect for small amount of bounty. And also if you often travel you will notice that regardless which country that you go to, there's a limit on how much money you can bring in or take out. Part of a money laundering policy. If you have considered all that....

The question is, if Greece managed to leave euro, that could mean other countries which are also in debt can also follow suit and do the same. Eventually when more countries follow the same action, it can only mean that the whole union will collapse. These has been projected to happen for some time now and I see no other solution.

Let me get it right. The meaning put out here is that basically if Gavin goes ahead to fork the coin without getting majority consensus, there's a possibility that one day they will also change the cap limit as and when they want to. I think basically the issue here is how do we determine what level of consensus we are talking about. When it comes to the larger block size, I believe there are 2 camps of people, one opposes it and another one agree. The question is how many each camp is dominating? if 60% says okay and the rest says no, the 40% can also claim that we did not get full majority.

Of course. I don't think there's any reason why I shouldn't. It is what everybody is waiting for.... for bitcoin to be accepted mainstream and it means going anywhere and you can actually spend your coins at every shop and outlet. The thing which I can imagine most convenient is when you are traveling to any country and that you don't need to carry different types of currency with you.

Well first of all it is a very big market. If there are 1000 sellers with each of them agree to offer 1 btc for sale at 240, a buyer that buys 100 btc probably won't make much of a difference because the selling price would still remain at 240 with the rest of the sellers still waiting to conclude their sales. Once the remaining 900 btc has been bought up the next lowest selling price would be for example 241 will we start to see the overall market selling price going up. This is just an illustration purpose with the numbers all made up.

It has been a long time since I use it to buy something. Can't remember when it was and the only thing I remembered was I used it to pay for my food. Currently I only keep it intact but I imagine if I were to spend it again that would be to pay for some item when actually spending with fiat becomes a hassle.

Not really firm about the privacy protection because as long as a company is a registrar they will be able to access our whois information even if we pay for it yearly to have the information concealed away from the public. I read before that google itself is also a registrar meaning that if they want that information they can still access it. Not sure how accurate is that. Currently the privacy protection only offers up to a certain level of protection from the public but it's still better than none.

Even if the banks come up with their own version of blockchain technology i won't trust that. The question here is whether it is decentralized and for banks no matter what they do, they need to insert the codes into it so that if something happens they can always pull the plug or find a way to fix it. That's bank and the banking system we all know about. You can see the same version of altcoin which are basically centralized and controlled by the company that issues it.

No. Even when there are indicators showing that the economy will get better, bitcoin will still have the room to grow, the only difference is it's faster or slowly. That's the rate we are talking about. This is mainly because we are in a niche market of our own. A completely different payment system with low cost transaction and that doesn't really matter if the economy is good or otherwise because people will still need to move money around.