So miners are doing the actual ledger confirmations?

It's not the core bitcoin s/w?

I thought bitcoin core participated in the public ledger daisy chain.

Just like more robust wallets like electrum the server version, isn't that a ledger node?

It doesn't make sense for miners to be doing all the transactions, since there's a limit of coin, that would mean when the last coin was mined there's no transactions.

Is that really the scenario? Bitcoin will only last until all 21 million coins have been mined?

I have it but most I know won't touch it for these reasons

a. they think it's black market due to drug busts news
b. they think it's high risk due to volatility
c. they think it's risky due to all the hacking and seizure news
d. they think it's now over hyped and over valued
e. they're sheep and do what the gov and media tell them to do, brainwashed sheeple
f. they think governments will outlaw it

PM Prices

btcstamps.com  
btcbuyers.com  
ibtc.mobi
btcfeeds.com
coinfeeds.com
bitstock.net       
btcpurse.com 
btcfund.net

thanks

No paypal no offer

Thanks

Actually they push wiki now on 100 buck legal terms haha

Google is a complete joke

Matt Cutts is a moron

Google manipulates high cpc terms so it shows junk, wiki and forums and maybe junk that gets zero response ratios like YP and stuff

Local Lawfirms with legit content and great response ratios they killed

You see sites that are #1 on bing and yahoo and on google they are page 6

Even EMD's and an EMD with good content should be #1

Google is a joke and in a short time people will be saying Google who

Major class action about to hit google over ppc, that destroys them and changes the whole search industry

Soon google execs will be in a federal court room explaining why they never verified if a doctor had an active license or if a lawyer wasn't disbarred.

Then they will have to give all their Gold to the victims of bad ppc buyers that harmed people

GOOGLE DOESN'T MEAN SQUAT IN THE FUTURE

It had a short reign of SE's and it's OVER

Had a post about a big project and guys with zero in their wallets shat all over it

So it's now all erased, I could care less, the project got funded with VC and no VC dudes go here

TCP/IP is the main transfer protocol that moves the world today, the backbone structure of the net is TCP/IP and the hardware of fiber hubs and routers and such is the nets backbone.

Now as I understand btc, it was developed to use the same backbone of the modern world, that being the net.

The 6 hops it takes to 'confirm' a transfer is basically performing a slow dance of the tcp/ip dance each packet of data uses.

So btc uses the backbone of the net and yet it takes an hour or so to find 6 nodes to verify?

Any ideas what is wrong with btc to be so SLOOOOOWWWWWWWWW if it's main transfer protocols are using the net which is super fast today.

What is causing the lag in tech for btc confirmations to be so slow?

Arrest of the Presidents of the USA and the FED RESERVE

THEY KNOW USD's are used in narco around the world

THEY ARE DRUG DEALER CONSPIRATORS

That's the logic USAGO has

MORONS

Over 30 Minutes and btc transaction still isn't verified

4 confirmations in 30 minutes

WTF

Is the backbone of btc that slow

WOW

Since when does Amazon and Target take Bitcoin?

Is that article that badly written?

I know O takes it but to say Amazon and Target doe is wrong, they may take giftcards you can purchase elsewhere with btc, but neither AMZ or TRGT take bitcoin.

So article is wrong and misleading.

BAD JOURNALISM

Been watching the Open ignoring news lately, I missed that story

Fedex was busted

haha

http://www.washingtonpost.com/news/morning-mix/wp/2014/07/18/fedex-indicted-for-drug-dealing-not-a-delivery-guy-the-whole-company/

Dude 1btc is nothing

Just keep it and get another job so you can buy more

Holding it will make more money than lending it

The risk is loans will take away from the 1 btc so just be happy with the growth curve

It's gonna hit 10K near end of year and then the floor value is 5K

One think warrants that growth, 7M wallets, you have 2M globally, the last peak/valley occurred at 700K wallets

So don't risk any btc unless you are in at low prices and have lots, then if you don't believe in the growth, lend it, to lock in value.

Example if you got 1000btc at 5 bucks, your value is now 600+ bucks per coin so you have 6M in a risky digital currency which is bitcoin

If you keep all 6M in btc only, it may hit 60M by end of the year, but what if its worth 600K not today's 6M

So anyone with a low buy in wallet should diversify but this is not where you can do that, most users here have almost no btc in their wallets

Now if you had 10btc today it's a 6K investment really too little to loan on, a newb should focus on obtaining 10K to 100K of btc then when the next jump in value hits they have 100K to 1M in btc, maybe diversify then

600 bucks is not anything to start loaning unless you live in say Indonesia where the weekly wage is 10 bucks then 600 bucks is a lot of money to you

If you make a minor amount of money like 10 bucks an hour, just focus on buying, take your credit cards, buy 5k USD of btc and the next tenfold pop you have 50K at least to start lending.

But the risk of lending is too great unless you can find real assets and the people in this forum are clueless about asset values of digital assets such as DOMAIN NAMES

PROJECT IS CLOSED

And it wasn't done with the help of this bitcoin community and it will soon rule BITCOIN

closed

BTC is very simple to understand as to valuation, it keys off two things user base and trust factor.

This was proven in the Book Bitcoin Algorithm.

Every past peak and valley was a simple valuation factoring of users into gwp.

The book used the data of My Wallets from Block Chain and it's historical graph of BTC value to prove the first five bubbles all followed the algorithm and the next 5 bubbles will if bitcoin gets that far.

Trust factor of BTC is determined by one thing the percentage of users as a whole to the population of the world and that percentage is the market cap value of bitcoin as has been evidenced in the past 5 bubbles, IT IS THAT SIMPLE.

7 Billion is the key number to divide the user base with and 85 Trillion is the market value of the GWP

With 7 Billion Users BTC would have a market value of 85 Trillion and if it moved into derivatives 1200 Trillion, since both are the top economic numbers today, it would mean complete acceptance of the world as the first global currency at which point all fiat currencies except btc would be zero. Will it reach that? Who knows, maybe we are seeing the emergence of the first GWC (Global World Currency) in which case 1200 Trillion and 85 Trillion are the numbers.

At complete acceptance 85 Trillion means 5M bitcoin USD and at 1200 Trillion derivatives that means 100M BTC USD

Here is the USER ACCEPTANCE OR TRUST VALUE PEAKS AND VALLEYS that prove this may happen

High is Peak and Low is natural floor or valley

Users    % Pop  High   Low GWP %
7Bil  100%  pop  10M    5M  85 Tril
700M 10%  pop    1M 500K   8.5 Tr
70M     1% pop 100K  50K  850 Bil
7M     .1%  pop   10K    5K  85 Bil  (Next BTC Bubble is high of 10K and floor of 5K and .1% of the world population as the trust factor)
700K .01%  pop     1K 500    8 Bil   WHERE WE ARE NOW but Block Chain My Wallets have grown to 2M
70K  .001% pop  100    50 800 M
7K  .0001% pop    10      5  80 M


BTC is at a critical stage, it is growing in TRUST FACtOR from .01% to .1% of the population which is still a tiny percentage of the world's Pop

At 7M Users the market cap will be 85Bil or tenfold from the last floor which manifest at 700K users or .01% of the pop

So the past history of growth is feeding off the percentage of users as a fraction of the overall world pop and that fractions value of the GWP, very simple math and a real algorithm and THE NICE THING ABOUT ALGORITHMS is no government can stop or legislate a true algorithm.

TRUST FACTOR is making BTC a global currency and now with Dell, Overstock, Expedia and 800 Flower and more an more merchants accepting it, it can easily grow the next few bubbles at least

.1% of pop is 5K btc
1% of pop is 50K btc
10% of pop is 500K bitc

IT IS THAT SIMPLE

Everything else is not a mathematical algorithm and not fueling the exponential growth curve of btc.

THIS MATCHES THE CHARTS

Anyone using the stats on this site or the My Wallet stats on Block Chain as indicators to predict movements?

I noticed until recently this sites new uses was mirroring the growth curve of value with new users matching the peaks.

However, it looks like recently google might have decided this forum is not as relevant as it was since while My Wallets have jumped from 700K users last December to now around 2M to continue exponential growth the users in this forum were way down last month, anyone inside the forum know if google isn't pushing your site as much now?

I don't see why My Wallets would continue exponential growth and new users in top btc forums wouldn't mirror it.

There's a new algorithm out that predicted correctly the peaks and valley of bitcoin by matching it to new wallet growth at block chain

New users here should be matching the my wallet growth unless google has demoted this site from general bitcoin discussion.

closed

Shalom THEE LORD OF LORDS hehe. WTF u doing in this forum. I thought you think btc is a scam.

For MERCHANTS everything

a. zero fees
b. no charge backs

For buyers

a. discounts are used often with btc by merchants
b. use of a digital currency that is anonymous not trace if done right
c. no currency exchanging if you are often in different countries

Negatives for buyers if you deal with a bad merchant you lose.

Negatives for everyone is hacking of wallets and accounts so proper understanding of the net is essential if you keep a lot of money in wallets.

Should you have all your money in wallets? Not right now, the market could disappear over night, not likely to, but who knows.

Now that btc is worth so much, many early adopters have a lot of digital wealth and could fund the next wave of bitcoin, developing it into new sites where bitcoin is the method of that sites commerce.

Instead of waiting for old net companies to adopt btc, as is slowly happening with O, exped, dell, etc, building new types of sites and featuring bitcoin as the preferred way to pay for the services on the site.

In other new web development only for btc wallets.

Right now some bright guys are being slammed by low wealth users of this forum by having stuff posted that doesn't really fit into a current section, so VC is IMO a major part of the future of btc, there's 8B in wallet power with no real VC movement and the status of this site in the community could create a whole need breed of VC, that being large VC wallets funding new btc projects to promote btc.

As a 'domainer' I think if you have a separate domain area you will be amazed how busy it will be.

Also, domainers are speculators so the more domainers take btc the more the whole community grows.

Also domainers are often developers, so they can spread btc very quickly if you support them too.

DOMAIN SECTION 100% needed