Some guys like Wences Casares which is the Xapo CEO consider Bitcoin being the new gold standard for the next generation, this is pretty much what you are talking about i think. All currencies will value themselves against BTC, it will be the main value thing where everyone looks up to. https://www.youtube.com/watch?v=yPIvqJsCOSoI think this is way more accurate analysis than pretending it will replace fiats like some think. |
|
|
|
A lot of major cities now have a lot of places. I like to pull out the app (coin traveler) and see around me when I travel.
In Madrid there was a whole street spotted with locations. And 3 BTC ATMs.
In LA there's everything from Lamborginis to Tax accountants that accept BTC.
I have never been in your country but my friend was visiting there last holidays and he told me there was some streets focused on Bitcoin in other main city of the country as well, it sounds pretty good, but it's some niche thing tho, he never saw again any other places outside those focused areas. It's a beginning tho, it has to start somewhere. |
|
|
|
|
The problem with having a transparent blockchain is the lack of fungibility. This is way gmaxwell is working hard on features like confidential transactions. We NEED to improve the anonymity on Bitcoin before it goes mainstream. You don't want people's money being rendered useless because of a lottery based on the origin of said money (if its legit or if it has a trace of some criminal activity which you had no idea and no control of).
|
|
|
|
|
I think there is no technological dead end that could put Bitcoin in a position where I would worry about the continuity of the project. My main concern tho, is all governments allying to start a massive disinfo campaign and fearmongering all over the place so Bitcoin never goes mainstream and stays as some niche underground thing. But even then, the project would be unstopable to keep developing and improving and money would come in anyway.
|
|
|
|
|
I have been experimenting with different fees myself so I get some real life experience and not some theoretical calculation. It seems I don't see many differences between 0.001 and 0.0001... it takes more or less the same for some reason. 0 fees is horrible tho, always pay the default fee is my advice.
Why would anyone pay 1BTC of fee tho?
|
|
|
|
Anyone heard of this exhibia penny auction and do they take Bitcoins..??
As far as I know they don't but you can email them to get an official answer. Most business aren't doing that good accepting BTC because most people don't use BTC to buy stuff yet. |
|
|
|
|
There's absolute no point in having a blockchain system if it's centralized. I mean yeah, its still an imrpovement over the traditional banking system and by using a blockchain you are automating a great deal of stuff (which by the way means bye bye to a lot of paperwork related jobs) BUT the fact is not decentralized just kills it's purpose, only the clueless will use it and not Bitcoin.
|
|
|
|
|
I was going to search something on Google and this thing at the top appeared (like the blue bar that asks you about accept cookies). A grey bar appeared. It's basically a donation thing for the Syria crisis. They have already donated 2 million dollars out of 10 million goal. I instantly thought about Bitcoin. Could we do a donation thing for this too? If the Bitcoin community surpassed 10 million dollars, the headlines would be great, and we do need positive headlines. We need the average Joe to know that Bitcoin can be used for good things too, this may be a great opportunity to shine.
|
|
|
|
learning about bitcoin, open service at bitcoin, open startup to your company  you can be rich It's difficult or impossible to start your own company specially in the field of Bitcoin/crypto unless you have an idea good enough that it attracts investors. More and more investors are becoming more wary on the dangers of investing at the wrong IPO so the competition and exigence for quality is higher. |
|
|
|
|
Puerto Rico is the great forgotten nation by the media. Turn on any TV news and you'll see all that shit about Greece, but never about PR. And even now, it seems Greece has dissapeared as well when only a month ago it was on the news 24/7. Now it's the Syrian crisis, I wonder what will be next until they get tired and make it invisible again.
|
|
|
|
ALL, Thanks for all the messages, I read every one of them and you guys are very positive which is refreshing during this time. But real talk, what the FUCK is going on with this sub $250-$300 price? (Edit- Actually the price is at $230 now, wow)... we are about to approach 2 years of bear market. You early motherfuckers used to see massive bubbles every year, now it's almost become a fantasy. What if there are no more bubbles? What if the block size debate and other limitations becomes the end of bitcoin? What if the devs decide to get rid of the 21million supply cap? There are so many things that are possible that could lead us to a shitty price.... Yet I still have hope. I'm almost positive we are in the extreme lows right now and the price will eventually rise by 2016 block halving. But I have my doubts about it reaching ATH again, or even $1000, or even $690 where I would break even (Update- I've been buying in the 200s and my price avg should be lower than $690... it's maybe about $630 now). It just sucks that I will probably have to wait another year to see any exciting action... I'm really sick of all the bad news and the bear market that never ends. You are looking at this the wrong way sir.
Excuse me? You have posted this thread on March 01, 2015, 11:34:57 PM, so you can compare now and then value of Bitcoin, I hope you are nearing to the point of break even, hope you will make it down the line in 6 months or a year and wishing you for very good luck !
"We must accept finite disappointment, but never lose infinite hope" -- Martin Luther King, Jr.
Wow, 6 months ago.... and the price right now is $230, pretty sure it's lower than when I posted  But still, I know bitcoin is going through rough patches right now.... I would just hold for a few more years and see where it goes, you can invest in some other Alts if you wanna try your luck, but best bet is to just hold and hope for the best.
That's what I'm thinking, about needing to hold for a few years....I don't forsee any kind of rally or exciting news anytime soon. Not any time soon. I would stay bulllish as hell now that we'll see lower prices thanks to the blocksize debate and people having doubts (ignore them they are clueless and bitcoin will live on one way or another). Keep buying monthly, all month is bull month.
I think this is the last time bitcoin will be this cheap, next bounce off i think it will take off and go to the moon! I just hope it doesnt even get back to 500 $ ever, it stays 700$-1000$ range for the next 2-3 years! You are very optimistic, it's just hard to be when you see the kind of bullshit that's been happening over the last year. Any tiny uprising we see in price have been crushed by downward pressure. Any good news gets buried by all the bad ones. The sentiment and confidence in the community seems to be near an all time low, which is understandable because of this damn 2 year bear market. I just hope things turn around and go the other way for once The price is insanely manipulated, the marketcap is tiny (which only shows the potential Bitcoin has to grow). It's a waste of time trying to mentally masturbate about the price too much, the best tactic is just to buy as much as possible monthly. If you study the technology and understand the context in history where Bitcoin has appeared it should be clear how it is destined to win. Of course everything can go to 0, but I would say there is a 20% chance vs 80% of it becoming insanely valuable in the next years. |
|
|
|
One merely has to look up the definition of free market and private property to see just how inherently violent and unreasonable the capitalist wet-dream really is:
free market = unregulated market, be it of persons or property (a thing) - implying that murder for hire, for example, or perhaps even nation for hire, is a perfectly viable transaction for taking out competitors and increase profit.
private property = " land or belongings owned by a person or group and kept for their exclusive use", my emphasis.
Ok then give up your home to a charity organization. Give all your posessions away to orphans. Empty out your bank account, and distribute all your money between strangers on the street. Then go live in the forest. No? Then shut the fuck up, because you are benefiting from private property too....... Oh but no you want others to give up their property, but not you. Well... that is called theft my friend
The state is an extension of the "free market".
No its the oppressor of it. There is nothing free market about it, its just a monopoly that controls and regulates it, and thus slowing down or blocking its natural growth. Or even distorting it. This makes no sense. You are asking him to give him what allows him to have a decent life within the current system coordinates. That's not a RBE. An RBE will not happen anytime soon tho, just look at your reaction. We aren't ready to evolve past money and private property anytime soon, and im the first to say nope. Im not delusional enough to think RBE will work when most humans aren't evolved enough. For this to work, it is a similar scenareo than a bitcoin hardfork. We need superconsensus, anything but superconsensus is a fail. |
|
|
|
|
You left a massive con:
Con) You raise teh blocksize to 8MB and blocks can potentially become way too big for most people to hold blockchains, the full nodes drop and running nodes becomes a centralized business just like what has happened with mining, so rip to Bitcoin.
Additional Con) Potential exploits everywhere because the blocks being too big and not much of it being put to use (very technical shit to explain in a quick post but it's out there).
|
|
|
|
it better to put it in trading..
or buy new coin and hold it ..
first you need to do research in coin
it will take time but will give you lot of profit..
I think 3 AntMiner S5 would be the best. 5THs should give good income for a while if you have cheap electricity and you're not margin trading for small profits or holding cheap altcoins, gambling that their prices will go up. I think you would need a couple more. There is a famous youtuber that has a small mining operation, I think 3 AAntMiners, and he makes about 300 USD a month or at least thats what he got a couple months ago when I saw the video. Also have in mind that he is in a lucky position with his electricity bills. |
|
|
|
.. i've learnd ALOT!BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
same. but id still rather be seeing 1000+ a coin. WE will see 10000, but once that happens most of the people posting here will have given up in desperation, either abandoning ship or trying to cut losses. They will not wait. The winners of this will be a very small minority. As always the cake is always spread among a few people. Naturally the ones holding a good amount of Bitcoin in 10 years will be a small group. This means the people holding now will spread their coins among other people and a few of the people that don't sell will become very rich. It's always like this with new tech. |
|
|
|
|
All blockchains that aren't Bitcoin will ultimately fail. There's only a limited amount of resources to aim your machines at, and it will never be worth it to aim your machines at any other coin that isn't Bitcoin unless you want a quick and dump which is always the case. In ohter words, this means that they will have to either become closed blockchains (centralized) or join Bitcoin.
|
|
|
|
the next jackpot for euromillions lottery is 21 million of euro. i pay you 4 euro, you play for me, i win and you send me 21 million of euro or go to Caribbean island ?  In 2037 when Bitcoin is about 1 million per coin, you will be able to buy the (almost) 21 million mined coins  Not serious, but I hope it is at least 5 figures which is a very realistic goal. I think we have way more chances at seeing 5 figures per Bitcoin in the next year, looking at the facts and how things are looking like, than ever winning the EuroMillons. Unfortunately the odds are against us with this one. |
|
|
|
|
Because all other places are dead compared to it, and because you get the developers posting stuff on here. I have asked some stuff in the technical section and gmaxwell was cool enough to drop a reply. They seem overall like good fellas. Of course I see the drama with Theymos on reddit etc and i understand a lot don't like it. I personally don't use reddit, it's annoying as hell when I click on a thread title and a link opens instead of the actual thread.
|
|
|
|
it would be very simple if you never exchange your coins, for dirty fiat money, even if they could track back you, address by address...
then how they can say that those addresses belong to you if you didn't use them to purchase anything and therefore your name does not appear to be connected with any of them? impossible
You need to convert your Bitcoin for dirty fiat money if you want to pay bills with your Bitcoin, and you can't do anything with your Bitcoin but small purchases that don't raise any alarms. You can't unfortunately buy a car or a house with Bitcoin and don't expect the IRS to knock on your door. That's why a lot of people is holding. They don't know what to do with the BTC they make for example in here. They know they are limited to small purchases, or else you'll need to get it taxed.. |
|
|
|
It's nice to see Nick Szabo becoming more active, he was always super secretive. I think I have never heard his voice before this podcast. This man is nothing less of a genius, it makes me think he might as well be Satoshi in the way he addresses stuff. I guess he isn't attending the scaling bitcoin meeting if he did this tho, I had some small hopes of seeing a live debate with him and the rest of experts.
In general all the 'small blockers' are now finally starting to be more active and vocal about the block size debate. For a while there was only promotion by the 'large blockers'. Looks like the other side is getting finally getting their media game up. That's just not right. Everyone wants it to go up, so there is no 'big' vs 'small' How. That's the question. How do we raise the block limit. That's what the debate is about, and if you listen to what Szabo says, you'll realise you are not correct to characterise him as a small blocker. This. I mean it's like some people think the ones that don't want the blocksize raised asap and as high as possible want to be poor? We all want to see Bitcoin go 5 figures man, but we must do it right not compromising Bitcoins decentralizing features in the process. Nick Szabo wants Bitcoin to beat Visa just as much as "big blockers". |
|
|
|
|
Show Posts
