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Good and useful results so far. A lot of insight into what people really feel about units, since there is so much debate about this. I'll let this poll run for a few more days before posting a reflection.
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This phrase has become infuriatingly more common recently: Posted From bitcointalk.org Android App
A post is a post and it need not contain the method with which it was posted. Imagine the chaos if all posts said "Posted From bitcointalk.org on Mozilla Firefox" or something similar! I suggest the forum add that phrase to the censorship list (which IIRC is already being used for links to Silk Road) and replace it with a null string. Posted From bitcointalk.org on a browser |
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This recent price spike surprised me, but in hindsight it should not have.
The weeks preceding the price spike were among the most bullish I had ever seen. Speculators across this subforum were predicting breakouts, giving a variety of dubious but thought-out reasons. They were wrong time and time again, but the sentiment remained.
It is reasonable to suggest that this sentiment held out across the Bitcoin trading community—it was time for a rally, but when? Markets behave in irrational ways, and are extremely difficult to predict. But sentiment is a strong indicator. So when sentiment was so strong, why was the price still dropping like a stone?
My hypothesis is that markets will eagerly follow the sentiment if the trend agrees, but if the trend does not agree, markets will reluctantly side with the trend. It took a random one-day fluctuation to convince Bitcoiners the price was going back up, and then the rest is history.
Hindsight is always 20/20 of course, and I don't claim to be able to predict the future. Maybe this rally will fizzle out in time. But I think this hypothesis makes sense, seems to fit well with Bitcoin's history, and may come useful again sometime later.
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Keep the votes coming! Looks like we have some popular and unpopular units already.
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To everyone's surprise, Bitcoin was secretly centralized! The intergalactic Bitcoin central authority has announced it will mandate a particular unit. All people who use Bitcoin must deal with and only with that particular unit. Luckily, the IBCA is kind enough to allow the community to give input into units that they approve of. Do your part!
I want to see the level of support behind the various unit proposals. In the poll above, choose all units for which you would not mind being the "default" unit for day-to-day commerce. Please note some names ("bit" in particular) are intentionally duplicated as various proposals for their meaning have arisen in the past. When there are lots of zeroes, I included the base unit ("satoshi") conversion. Tonal units are at the end to avoid confusion; otherwise, units are ordered by denomination.
Edit: Ignore the percentages. To calculate approval rate, use approval_rate = votes_for_this_option / total_voters.
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we are now down 40 cents for the last 30 days! panic!
Goat you're better off selling your gold and silver now and switching to Bitcoin. I think Goat is in what's also known as a "win-win situation" what you really mean is that just b/c he said this...:
Sure gold could lose 70% of it's value before then, but fiat is dead....
...he can claim he was right no matter what happens. par for his course. Nah, I say it because he holds more gold than my net worth, more land than my net worth, more silver than my net wort, more Bitcoin than my net worth and likely more Litecoin than my net worth. probably, but you never know. he does have a Lambo!  I have more LTC than gold, silver and every other metal combined. I'm about 85% crypto and very bullish on it. My point was gold is not exactly collapsing but if that is just troll bait then I failed hardcore, lol. But it is in the title of the thread and he does say that it is collapsing about every other day so it is a pretty effective troll. Gold is not going to die soon, BTC however just might get forked or have a bug and die off any second. Gold is something I hope ever have to sell or use but it is mostly like insurance. No way I'm going with out beer money!  Artificial diamonds are practically cheaper and better than the real deal now. How long until artificial gold? Even if that will take a while, there are hypotheses that moons and planets in our solar system may contain gold. How long until those are extracted? |
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Even if its in coinotrons best interest not to fork or double spend, Who says hacker(s) that does have that interest cannot posion the pool to their advantage.
Agree. A few scenarios: 1. Hackers are able to get into Coinotron and fork. 2. They attack Coinotron's host. If they use any kind of hosted services, this is possible. 3. They attack DNS and redirect traffic to their "pool". 4. Attack another pool and take control. DDOS coinotron and hash gets redistibuted. 5. Nothing happens, we all get old. I have a beer. If hackers could hack Coinotron, they'd have done so long ago and simply drained the wallet. Even that would be more profitable than a 51% attack on Litecoin. There is almost no place to double spend on with Litecoin, unlike with Bitcoin. |
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I'm waiting OP 's answer how it earn money and how it not a Ponzi?
Use common sense. This is obviously a Ponzi. Do not "invest" in it. |
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You should allow hero members with negative trust  Good old TradeFortress. Funny, was just signing up for another signature service after having long given up on the prospect following your "hack" and subsequent no-pay. I believe his account his hacked, taken over with a new troll. Let him be, don't feed the troll, ignore it. I am 100% behind you on this. As someone who actually dealt with TF a lot (off BCT), this just doesn't seem like him at all. As soon as I saw the first few posts I could tell that either: 1) TF is completely different now or 2) He was hacked I wouldn't be surprised if he were hacked. This isn't the first time, after all... Luckily, this time, he didn't lose any customer funds. |
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This is not cause for concern. Coinotron is a mining pool that deals with many currencies. A 51% attack on Litecoin would be disastrous for the pool's reputation, and Litecoin commerce is so rare that there is no real profit to be made from such an attack.
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Contrary to most other actives, bitcoin trades also on weekends.
However, banks are closed on weekends, so it's hard for new fiat to enter the market.
I think this is the explanation for this weekly cycles.
It seems to me that the dip is shifted a bit earlier, indicating that at least part of the reason there is a "weekend dip" is the expectation that there will be a "weekend dip". |
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Here's the chart done by weekday. Aside from the well-documented "Saturday dip", there is no perceptible trend.  Edit: Putting a bit more thought into it... We can generate this kind of time series analysis by comparing to a trended Fourier wave. I'm thinking the logarithm of Bitcoin price could be modelled as: - Trend (ax term).
- Full-period sinusoidal.
- Half-period sinusoidal.
- Third-period sinusoidal.
- Etc.
Someone better at mathematics than I will probably know of a way to generate those sinusoidals. From them, we can determine which time period has the most pronounced cycles. |
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Bump. Again, no clear sign of any seasonal cycle.  |
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Valuations today:
US stocks ~~ $20 trln
US bonds ~~ $40 trln
US real estate ~~ $30 trln
---------------------------------------
Total ~~ $90 trln
That's only US, which is ~~25% of world GDP. Multiply by four and get ~~$360 trln for the whole world.
Now do your own math when BTC would be reaching 0.1%, 1% or even 10% of that valuation one day.
I did the math for 100% of that and got $17 million, a far cry from $1 billion. Claiming Bitcoin could reach $1 billion is either taking things way too literally, to the point that it's completely misleading, or being way too optimistic. |
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Absolute BS. If one Bitcoin becomes equal to $1 billion, that means that the total market cap of the Bitcoin becomes $21,000 trillion. That is 100 times the world GDP. Not possible either theoretically or practically.
funny how nobody bothered to set you right. if btc or usd goes to zero aka dies of any not splitsecond event the other would go to infinety expressed in the former. While going to infinity it would eventually pass the billion without much drama. Who wants a billion worthless dollars? anyway, billion was never mentioned there apparently. This argument is ridiculous... I could say, "Could the price of sand reach $1 B per grain?" and answer "yes", only because this is true for everything. The question "Could Bitcoin come to be worth $1 billion?" clearly does not intend to mean "Could USD ever fall to 0.000000001 BTC?". That is an incorrect interpretation. Note also the question asks "Could Bitcoin come to be worth $1 billion", which implies real valuation. Yes, and the real valuation of the dollar can fall to abysmal levels. If we asked this same question concerning gold, it would be an entirely different issue. Fiat currencies aren't a special logical exception; their worth always falls to zilch, so the above question is correctly answered as "Yes, so long as bitcoin outlives the USD, one can be worth $1 billion." You may believe the argument to be ridiculous, but so long as you concede that the argument is factually correct, your feelings on the matter are negligible. The argument is factually correct in the sense that all of the following arguments are correct: - Barack Obama holds #1 and #2 for number of votes won in a presidential election, for his 2008 and 2012 runs respectively.
- American GDP growth (in absolute terms) soared to record highs during Obama's second term.
- The amount of employed Americans has increased dramatically during Barack Obama's tenure.
Not even the Obama campaign is using these as arguments, however, despite that all of them are 100% "factually" correct. That's because the statements are so misleading, they cannot be said with a straight face. Anyone with two or more brain cells will notice that all above trends are almost tautological; they provide no information whatsoever about the quality of administration. They are caused by an unwavering trend that persists no matter who is running the country. That's also why interpreting "Bitcoin to reach $1 billion" as a true statement is practically folly. Yes, it's factual as long as Bitcoin outlives the USD. But that can be said for anything. Just as my presidential statements above would apply equally to George Bush, the "to reach $1 billion" prediction applies to literally every commodity. Heck, the paper today's USD is printed on will eventually reach $1 billion. That doesn't mean I can seriously publish an article claiming "Dollar bill's value to reach $1 billion". |
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If you live in a developed country, the median daily income is far higher than $20 per day... If the Internet job takes a long time to do, it's probably not worth it. The extra time can be spent on professional development, education, training, etc. with the goal of raising your salary in the future.
i am doing work online 3-4 hours and earn sufficient money ! no need go any where and no need to spend money for reaching to office It is usually not worth doing online work for $5/hour... Sounds like a very Turk-esque wage. |
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If you live in a developed country, the median daily income is far higher than $20 per day... If the Internet job takes a long time to do, it's probably not worth it. The extra time can be spent on professional development, education, training, etc. with the goal of raising your salary in the future.
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Man you really put some work on this. I wonder how long it took.
It's safe to say that maintaining the list is far more difficult than making or expanding the list. There is sometimes new information about thefts that happen years ago, and keeping the list up to date in that regard does take quite a while. I guess you could say the list's time complexity is O(t 2). Though I'm finding ways to optimize it, including the new software that generates rankings for me (so that's one fewer thing to update). |
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...
You were trying to buy 0-day exploits? And you lost money whilst trying to be a script kiddy and do something obviously illegal? Don't be a fucking cunt.
If you bought something on Silk Road 3 and the vendor scammed you, is that perfectly fine since you were trying to do something "obviously illegal"? Scammers are scammers no matter who they scam. |
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