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What those retards don't get is the fact a blockchain needs a cryptocurrency to serve as an incentive to keep the blockchain going, unless you want a filthy centralized blockchain with fiat, in other words a complete Frankenstein abortion of the real thing, which no one with half a brain should condone.
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I would like to read those specific advices. There is an huge amount of early adopters that were simply crypto geeks who happened to be at the right place doing the right thing, not necessary investing gurus, otherwise we would have seen actual investors getting in BTC into the early days, but only tech heads where there.
My current advice to anyone here is buy Maidsafe, as much as possible, it is a fascinating project and in my opinion insanely underrated as we speak.
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Greece will not default because the chance is very high that it becomes a failed state. And no one in the European Union and Eurozone is interested to have such a country in its union. Further, if Greece defaults it is becoming a backdoor for countries like Russia or China. So, keep cool, Greece will get all the money that wants  Im not so sure anymore, i've seen weirder things happening. They may end up leaving the euro and going back to drachma, even after getting the money, just as revenge. |
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Just because the global elite have their wealth in dollar denominated assets now means nothing. Those assets will just be denominated by some other standard of value.
Dollars and U.S. Government debt instruments are supposed to be backed by the full faith and credit of the United States. And just exactly WHAT will that be worth when the economy implodes?
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The free market provides a solution. When the block size fills up, people will pay higher transaction fees to get their transactions through. Free riders paying zero or low transaction fees won't get their transactions processed.
The block size can only be increased if the big miners agree, and it's not in their interest to increase it.
What happens if you dont pay the required fee an your transaction is never processed? you lose the money? |
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Past governments also made it this way that greek people out of borders couldn't vote. I even wonder how Syriza was elected with all these traps made from the previous government. And lot of propaganda from news.. every elections they were showing some immature stupid young people that were drinking coffees and didn't go to vote. They wouldn;t interview people that were really concerned about their country. And don't tell me that all these don't make a difference and don't tell me you expect all people to have critical thinking or be intellectual to overpass these obstacles.
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What could happen on a global Bitcoin ban? Would people be brave or panic out and abandon it?
well, also is abandoned share some movies, music and games over torrent..now check, how many people seeding:) I'm more scared of some alternative similar to bitcoin driven by government or some kind of central bank then bitcoin ban.. It's for sure that the gov will come up with their own "Bitcoin", but hopefully all that does is putting Bitcoin in the spotlight and people don't buy into the officialist state bullshit. |
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This "crisis" only makes you think how much of what we see and hear is real or not? Or how much is made to benefit a few. Oh forgot to mention.. how many deposits were transferred to Germany from citizens from Southern Europe cause German banks considered to be safer.
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They cant pay the debt and its not just the Greeks - its the Italians, Spaniards, the Portuguese, the French - fuck everybody is in hawk in that shit show. Lenders had no control over terms, and borrowers have no incentive to honor such terms. Its a retarded dysfunctional arrangement at best. Germany gets the shaft, but, really, its the fucking banks that caused all this anyhow. To blame the Greek's blowing it on consumption or whatever - misses the point.
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As an american victim of the 2008 bailouts i concur that the euro is on the downside of its halflife. make no mistake though, schauble is not negotiating just for fun. This will be a big writedown for the german banks and we know their addiction to taxpayer (my) money didn't go away with the last bailout.
Germany even tried to fund a fund after the last bailout to bailout the banks again for the next (this one) bailout. The pre-pay option didn't fly.
Greece will not back down and they should not. Go all iceland on their bankster eurocrat assses.
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Well, people can chill out about the block size. It will be upgraded soon.
And I am sick of hearing about how Gox forged the price in 2013. The price was the price: shut up already.
At the next bubble you idiot trolls will be saying that it's only wild speculators 'faking' the price and driving it up... It's not really that high.
FACT: People were buying and selling bitcoin for that price.
FACT: That pattern falls into the same fractal as the other bitcoin price movements.
FACT: The peak of the next bubble will surprise almost everyone who will think it's *way* too high. So if most people think the peak will be $8,000 you can expect the peak to be $20,000.
FACT: Mastercard is a fucking idiot for hiring you trolls instead of using that money to figure out to profit from bitcoin.
Indeed, bubbles always are a big surprise, and they get higher than logically imagined previously. Similarly, people thought you were insane, and ready to enter a mental asylum if you claimed Bitcoin would reach 100 dollars EVER, we all know that happened, so add at least a zero after whatever prediction you are doing as future ATHs. |
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If they'll do it, this will mean a ton of tiny transactions, but which will increase the blockchain a lot.
I am not sure if it's a good news. In a year after that's gone live, the common user will not have space to hold the blockchain => no more true decentralization.
But you are not taking into account the fact that free space gets improving yearly and we'll get to a point were this is not an issue anymore. |
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I think the Greeks played for time, come November podemos might win in Spain. A UKIP win in May will also work in their favor.
A rebellion by more southern states -against Germany- is a question of time.
The Greeks just need to hang in there as long as they can and hope that change comes..
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Sometimes I wait months before doing any move. My latest move was buying MAID, now it's gone down, im testing waters, I still think the coin is insanely undervalued, therefore I consider rebuying in a couple of days, i'll keep waiting and waiting, until I achieve my goal, and i'll sell a % that covers my initial investment, and hold until im happy with it.
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"bitcoin mining is centralized too"
The centralization you speak of is an illusion. Individual miners make up mining pools. Eventually they will be geographically dispersed to best serve mining farms instead of miners. The mining farms can sell colored coin shares to individuals. Corporate mining farms help fund hashing R&D and provide healthy competition for a capitalist based monetary system.
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Hard to know, but for sure above the last ATH (1.2k) and consolidation of Bitcoin as something that can survive the worst crash and rise again, destined to shine.
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So is Gavin back pedaling? Satoshi predicted that technology advancements would cather for problems like this in the future anyway.
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Apparently the main problem is the blockchain will become even bigger so people running nodes will be more prone to run out of hard disk space.
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I can run a Bitcoin QT node for now with my current computer, but what will happen once the blocksize gets increased from 1 mb to 20 mb in the up and coming 0.11? i will not have enough space then.
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