Both parties do not need to have a complete copy of the blockchain in order to spend your bitcoin. Only the receiving party needs to have a copy of the blockchain.
As long as the person sending the bitcoin knows which of their addresses has unspent inputs, they can give the receiver those addresses, the receiver can prepare an unsigned transaction, give it to the sender to sign, the sender signs it and returns the signed transaction to the receiver who broadcasts the tx to the network.
Additionally you do not need a full copy of the blockchain in order to use bitcoin, there are many instances when using a major block explorer would actually be safer then using your own full node (for example if you have a slow internet connection that would not support a lot of connections to other nodes) as information from a block explorer would give you sufficient information to create, and sign transactions as well as confirm they have been confirmed (and/or accepted) by the network (and nodes).
The question is, who the hell is going to carry around the entire blockchain? |
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After this hong kong theft,
I would wait till it drops lower.
After some days now it's clear that it had no impact of Bitcoin's price. |
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I think Mastering Bitcoin is too hardcore for the mega newbie, maybe the very first pages can be useful but then it gets too technical for the average joe. |
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It sometimes can be the indicator of a clear pump in the making. People is mining to pump later for BTC.
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This and the 2 other "Bitcoin is used by terrorists!" threads bumped by: MasterCasino, BigGameCAsino, JohnsCasino (see any resemblance?).  How you hell find this, what's his purpose to do that? His purpose is spread negative propaganda on Bitcoin and scare potential investors. |
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Im holding, as a non developer and non whale there isnt much else that can be done.
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Bitcoin 2: Revenge of the Nerds!  Indeed , it is a revenge of the nerds. The real challenge is getting normal people involved for mega success. |
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I have noticed this too, all the main media outlets are reporting bad news. All you have to do is look at coindesk on coinmarketcap a few days ago all it was reporting was negative news. What is even more scary is that these sources are coming from inside the Bitcoin community.
They are trying to enter double digit territory so they can rack on Bitcoins as they are understanding the potential to destabilize the status quo. |
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Everything is interconnected. We live in a network with endless nodes called money. Assets, fiats, enterprises, printed money by governments, oil.. everything has an impact of each other. Trying to find the exact cause and action in this quantum field is very hard to do.
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OP's so short he got rejected at the rollercoaster entrance. |
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Bitcoin will just be over $1,000 by then.
A hundred thousandaire.
If BTC isnt 10k by then it will be dissapointing. |
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The only guaranteed bottom is 0 my friends. Other than that it's just mental masturbation. But let's try to guess the future.. we've seen 154 as the bottom for at least a month now, that should be the reference poin. It if toes lower than that, expect double figures, which would mean its time to sell your car sell your house and sell your wife because it's buy time over here.
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How could a faucet be profitable ? You havent heard about adverts ? Wait, is this thread about to become an advertisement space? Is advertising a bad thing? Oh this thread is not about advertisement ? Well, how many advertisements are unanswered questions? Does my advertisement answer your question? |
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I hope this is fud, otherwise the mining guys in the huge chinese bitcoin mine will have a hard time selling all that.
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I dont trust paper wallets. You could lose the paper, the dog could find it and bite it, it could degrade due humidity.. its pointless.
its better to remain electronic.
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Any of the wallets its secure within itself. Even if you have a wallet in blockchain.info without 2FA address etc.. if you have a decent password and you don't get hacked, the coins will be safe.
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I am always skeptical of people who find a get rich scheme and instead of using it to get rich themselves, share it with others and ask for investments.  He is already earned much money that he don't want more, that's why he is telling us now to earn from this method. Thanks OP, Yeah.. but notice he actually didn't tell us shit. |
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There's a developer subforum in here, im sure they will assist you with anything you need.
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Personally I'd say give bitcoin give more years, but I don't think a lot of people will want to hear that or even wait that long. I think the price will have risen considerably within 2 years and the block halving should make coins scarcer but it's still going to take a while for big merchants and the general public to get involved.
Coins being scarcer means nothing without demand. Let's just hope in 2 years there is a breakthrough in adoption. |
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More bad press for Bitcoin, undeserved bad press as always, but still better than nothing i guess.
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