No, we are seeing a FIRST in human history...
Most do not understand this even bitcoiners.
The ability to have 100% control over your wealth and move it to anywhere on the planet with out capital controls stopping you, goves stealing it, criminals stealing it has NEVER been possible before Bitcoin. Gold can be stolen.. This IMO is the main reason Bitcoin has value.
Indeed, thats why Andreas Antonopoulous became insane when he discovered BTC at first and studied in dept for 6 months straight without any sleep. If you really understand what we are dealing with, you would know how important it is, and you would also know that having entire unit of value (1 BTC) when there are still opportunities to get it is a must. If yo do not, you don't understand what we are dealing with, you just don't ge the magnitude of things here. |
|
|
|
The camp 1 (small amount) produce some f**king posts to lure the camp 3 (most people) into false assumptions. Just because you can't make profit out of BTC doesn't men it's dead. I mean Bitcoin was invented to have a currency that can have versatile uses. It was not invented to make you rich.
Making you rich is another potential use, it's just another one. Just like with Gold, you can use BTC as an speculative asset that will appreciate with time, unlike Fiats, which only depreciate. |
|
|
|
|
It's always good to see hot girls booties, but you don't end up with mainstream adoption thought this lol. Mainstream adoption will probably happen when no one expects it, just like no one expected Youtube to become huge in no time.
|
|
|
|
I personally don't think it's a good idea (and I'm pro bitcoin, very bullish about its future).
Say for example you get paid 3000 USD a month, what if the say before payday bitcoins value is 230 dollars then 5 minutes after your wages go in the value of bitcoin crashes 50 dollars because of some bearwhale dumping.
I'd advise people 'for now' that people get paid in their national currency & set aside a certain amount each month to buy bitcoin.
I can only advise though, go ahead on the path you choose.
This logic is counterargument by the fact it could go up 50 dollars.. so there. Also, if you don't want to (not that im saying you should) you can get away with not paying any taxes. Not sure if payment methods like Bitwage and Bitpay would would allow for this tho. Do they inform the gov of your wage so they can tax your Bitcoin? |
|
|
|
I am considering to store some of my crypto currency related files (statistics, personal reviews, even some keys and passwords ) into a cloud. I want to store them encrypted, so that I need only one passphrase to access all the data.
Do you have a recommendation of a secure cloud service?
You should keep it locally until Maidsafe comes out. It will be the ultimate cloud storing service. We will finally be able to secure store our wallets and so on on there so we can access them anywhere in the world. |
|
|
|
A terrifying and apocalyptic scenario could be that NSA ( or some other "big brother" ) created Bitcoin to set up a new global currency in order to associate every address to every person in the world, just to easily control every single transaction of every single user in the world ( 'cause we all know Bitcoin transaction are public ).
In my opinion everything is possible, but this scenario is highly unrealistic. This for 3 main reasons:
1. Bitcoin is open source.
2. Thanks to the aspect above, many developers are able to create new coins, based on Bitcoin algo. Yes, in some cases they made some changes, but the important thing is that they based their coins on BTC. In other words, if Bitcoin never existed, altcoins never existed too, no doubt 'bout it.
A relevant aspect is that Satoshi Nakamoto is still an anonymous, while several altcoins devs are well-know in the community ( like Evan Duffield for example ). So if we have some doubt on Bitcoin cause we don't know who found it, we could simply move to another cryptocoin, which ensure us more privacy are more reliance.
3. If Bitcoin had been created by a so powerful organization ( like NSA ) , at this point, after 6 years, it would be much more popular and adopted all over the world. They would set up a majestic media campaign or even force people to use Bitcoin. Nothing of it happens so I think your theory is quite improbable.
I think point 1 is enough to discredit the Bitcoin is NSA conspiracy theory. They would never do this under open source software, it's self defeating. Im sure they want to get rid of physical cash in the future, and they will release their own "coin" but of course closed source and ingrained within the electronic fiat scam. Hopefully people doesn't fall for it and adopts Bitcoin instead. |
|
|
|
|
I always see Vitalik her and there doing interviews and speeches, but I don't see any progress with Ethereum, in fact, they have been stuck for a while, not a good feeling about it,.
|
|
|
|
|
You can always avoid the banks and trade on exchanges that only allow cryptos, just but the Bitcoins in Localbitcoin. Banks are a fucking pain in the ass.
|
|
|
|
|
No, if the forum dies, (which it will not because I reckon they are doing great financially and it's an huge forum) someone else would capitalize on the lack of a big Bitcoin forum and create it again. As long as there is Bitcoin, there will be a forum.
|
|
|
|
There doesn't need to be a consensus amongst devs, but amongst people.
Bullshit. If there is no consensus among devs why should there be one amongst people? Who came up with the idea of populistic forks? Please seek medical advice. How about Gavin sorts it out with his dev buddies before writing blackmail letters to the community? Proof of said blackmail letters? And yes, ultimately people should decide. Anyone is free to work on Bitcoin and get people's support, there are no such thing as "official devs", but "official consensus". Through official consensus (what people use) the Bitcoin software becomes official, not the other way around. |
|
|
|
I lost 5 BTC in BTCJam back in 2013...the support didn't really give a f*ck abou it...they don't care much if someone will scam you...So i would avoid the lending websites...mostly the users are paying back until they don't...so it is kind of ponzi schemers there
Its a game of numbers. They are not a ponzi, they are venture backed Sil Valley IT company trying to do something innovative that is expanding the btc ecosystem. Sheesh whats with the haters here... You have to realize the risks. When 100pple, fund with 1$ some1 from vietnam and they surprisingly disappear no1 is going to go after them probably. Same would be true for some Latin America nations... Lost 5BTC? Their default rate is ~4%, did you bet on 1 loan only? If VC firms invested like this they would all be broke. Two main ideas: Lend to pple in countries that have working infrastructure or with many recommendations Lend very small amounts to many loans. Well, their duty should be that no one gets way with the scam, just like no one usually gets away with scamming fiat. We need to give security to people, and guaranteeing their loans will get paid back, othewise they will not bother with BTC and keep offering fiat loans. |
|
|
|
|
Im pretty sure satoshi still has alert keys for himself, and if he ever wanted to come back and update the client he could drop an alert.
|
|
|
|
|
I am using it more, basically because I have a lot more than I did last year, and can't afford spending a bit more.
I would use it daily if my wage was paid on BTC.
|
|
|
|
The entire consensus "belief" is the root of all this trouble. Do you think a company relying on "employee consensus" could have competed with a business with Steve Jobs at the helm? That's impossible.
A consensus model leads to nothing more than a circle jerk of inaction. Its sounds good on the surface, but in the real world it has never worked. I am unable to find a single example of how a consensus system has succeeded. What does work, is the "illusion of consensus" because it attracts users.
The only way to build a true consensus coin is to have an integrated voting system within the client. Then the client becomes autonomous. Then the client becomes uniquely experimental. That might even work depending on the design and vote enforcement.
Actually Bitcoin works just like that. People will vote by running the Core client or the XT client, and when consensus is reached, only the for for XT can happen (90% of people using XT and not Core) |
|
|
|
|
Maybe the guy is a bodybuilder and is bulking. I've known professional IFBB bodybuilders and they easily spend more than 45 USD in food daily.
|
|
|
|
For fiat money, "it is backed by government bond" is very simple and easy to understand for everyone, so they never question further.
The grandeur of the bodies that invest in a fiat currency's success (e.g., those of government and government contractors) inspires confidence in third-parties about that success. The problem, of course, is that this strength is also the fundamental source of weakness. Since the state has this automatic confidence, its officials have the incentives to maximize issuance and thus destabilize the currency. So fiat currencies tend to collapse eventually if not quickly. Just look at the values of the currencies of poor countries over time. At the other extreme we have Britain. The value of the pound went from more than $4 to $1.50 today over the last hundred years, even as the dollar buys probably 80-90% less today than, say, a hundred years ago. The thing is, it seems the US has managed to get away with this for so long that they may as well continue to do in the future. As long as people accept printed dollars all over the world, who cares if they are based on debt or not? it seems that people doesn't care about this. They go on with their lives even if millions on debt are stacked up on the daily. Have they invented a system where infinite debt is actually sustainable? |
|
|
|
|
They would need to make a system where the lightbulbs are self regulate depending on hashrate, otherwise it's it will never be profitable, it does indeed sound like ponzibulbs.
|
|
|
|
you can't be serious on increase the fees, when bitcoin is one of the only methods of transfering money with a very low amount of fees
just undo the limit of 1MB and restore the previous 30mb or something, it was around that at the beginning
I think the original limit was increased in purpose because at he beginning 30mb was delivering a lot of problems, or that's what I got from reading some of the satoshi posts. |
|
|
|
|
A lot of people don't want to hold their own BTC because they don't trust themselves, and they want to have someone they can blame to if they lose their Bitcoins, since they don't want to blame themselves in the case they lose them. That is the reason Bitcoin Banks will be somewhat successful.
|
|
|
|
I think Bitcoin is just like any other currency. How does a currency rise or fall? It needs basic supply and demand, investments, and exchange. Bitcoin it self needs to be more and more globalized for people to use. The more people using it, means more people are going to be trading and exchanging with bitcoin.  Agree, needs time, not a few years, lot of time. Some facts: Mining will never stop, every 2 years computer processing technology gets twice faster and twice smaller. With oil exhaustion we'll enter an age of New energy forms, some free, some cheaper, some more efficient. Population continues its grow, more shit to the planet but more Bitcoin demand We need to solve the blocksize stuff, otherwise we will never have full trust. Every hard fork is a big doubt in investor's minds and in holders wallets. We need to make it scalable infinitely, its the only way to make it big. I don't think it will be solved anytime soon judging by the ongoing discussion. It has actually been going on since 2011 and a consensus was never reached. |
|
|
|
|
Show Posts
