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In a fork, the chain with the most miner support (hashpower) is the most secure. Users can decide not to follow miners but risk getting stuck on an insecure blockchain, which miners backing the other chain could sabotage given their hashpower advantage.
In the event of a fork where users and miners disagree on which chain to support, which chain is Bitcoin?
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Man, any reasonable discussion just flows right off this thread! Should we finally just rename it "The Pit" and be done with it?
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is there any convenient way to change GBP to CNY. I've got some GBP and want to CNY using btc. firstly it'll be pretty easy to do. but actually, it's not. most of btc exchange website will sale btc with very high price, 10 GBP higher than normal market price. such as bittylicious. and also some website will ask for 1% fee for exchange, fund deposit will charge for some money as well. So is there any solution to this without loss a lot of money and transfer safely, quickly between GBP and CNY? I do believe this is very basic application for btc.
How about a SEPA transfer to Bitstamp? Is that expensive for you? |
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Incidentally, fuck 2fa in the ass.
I am abroad....just landed a few hours ago ...and can I log into finex? The fuck I can, never had 2fa probs before abroad..Until now.
Is the clock synced on whatever device you run the authenticator on? If it's offset, you'll get the wrong code. |
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Bitcoinity seems to display bids and asks wrong. price looks correct at 255, but there's supposedly a bidwall at 230 which makes no sense...
edit: n/m, it's just rounding.
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It's always taken 2 or 3 days for sepa transfers from Bitstamp to show up on my bank account.
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"No proof at all" about sums up how this reads to me.
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The world would be better without clickbait.
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Sources for the 30% above market claim so far include "anonymous sources" and a tweet linking to a coindesk article that says the number of bidders went from 11 last time to 14 this time, which I guess you might loosely call approximately a 30% increase. In the amount of bidders that is.
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silkroad and other illegal markets are bad for bitcoin, it make people think that bitcoin is for illegal payment
and whenever govt shutdown such sites that give negative impact to bitcoin and its price crash
Illicit payments are clearly a niche cryptocurrency is much better suited to than centrally controlled payment methods. How many applications can you list that Bitcoin is better suited for than government currency right now? |
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Aren't you ignoring the 2013 peak, 266 usd, which did crash to a bit below 40 before the runup to 1160?
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Neo & Bee too got a hearing at the Cypriot Parliament just before collapsing. I don't recall whether Danny had already left the country by then, but he sent some minor employee to represent the company, and the hearing was a flop. Soon afterwards the Central Bank of Cyprus denied Neo's banking license.
Is this something that actually happened or some kind of sarcastic jibe? Serious question, I kind of wrote neo&bee off when that rather detailed render was making the rounds, purporting to be their soon-to-open offices. |
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That's not a bubble alert. That's a babyboom alert. Venezuela is doomed They have to learn to pull out  I wouldn't pay 755, that's crazy. Anybody want to start air dropping them with drones and earn millions?  That's USD 755 according to the official exchange rate - you'd have a hard time actually exchanging the Bolivars you got from selling condoms into USD at that rate. According to the zerohedge article, the price difference according to the free (black) market exchange rate is about 4 USD per box of condoms, compared to prices in USA. |
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Bitcoin, or any other freely floating coin, isn't likely to be stable for a long time to come. If adoption grows, they should theoretically stabilize due to increased overall volume, but even that is just a guess at this point.
As for Ripple, I'm not comfortable with the amount of counterparty risk you have to assume just to use it, due to the way it's essentially a system for exchanging IOUs.
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Makes total sense to me but I'm just wondering how the speculative selling can drive the price down so much and so quickly when we have a fundamental value established. When the speculators put a sell order eventually they will need to buy back. During the course of driving the price downwards I presume there are bound to be someone who panic sell forcing price to dip lower and thus the speculators can afford to buy back at lower price.
Speculators can be wrong! Consider that, going by market reaction and commentary by traders, many speculators felt Silk Road closing was bullish. They work under the assumption that the more Bitcoin is regulated and controlled, the more it will resemble a respectable investment vehicle and therefore skyrocket in valuation. Speculators believing so will trade accordingly, and suffer losses if it turns out that black market trade and other illicit uses are one of Bitcoins key competitive advantages. If this is the case, cleaning the Bitcoin ecosystem up will cause fundamental demand for BTC to shrivel and leave users with a currency that's a kind of nifty but cumbersome way of avoiding credit cards. OTOH, if the black market continues to thrive and grow, speculators betting on legitimacy will miscalculate fundamental support levels and sell too low. |
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You didn't see the 30,000 BTC ask wall when it was put up, did you?
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And compared to just buying at the time?
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OP: I have to ask - are you aware that when you buy bitcoins, you are not depositing USD in an account, but buying an asset with a highly volatile valuation?
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Now that's what I call volume!
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