New ATHs across the board as of January 04 2017.

I hope no one minds me bumping this thread.

We made it. Bitcoin is dead. New ATH this year! (Quote me.)

All those FUDsters that like to gather on this subforum saying we would never reach 400, then 500, then 600... they keep getting proven wrong

51:16 | "Roger (...) do you think we should activate SegWit now?"
51:22 | Roger Ver: "As I said earlier, I'm a bit agnostic on the whole thing."
54:12 | Roger Ver: "And sorry, I still kinda got sidetracked from SegWit, uhm, again I'm kind of agnostic on the whole SegWit thing,
I'm not, I don't even have enough hashpower to block SegWit if I wanted to. And I certainly won't be the lone holdout."
55:11 | Phil Potter: "Are you willing to endorse SegWit? And if not, why not?"
Roger Ver: "I'm certainly willing to consider endorsing SegWit."

Do take the time to read the 2011 replies.

Many of them -- perhaps even any of them -- could have been written yesterday.

Even though the current price is 230 instead of 2.3

Welp, trading was fun while it lasted. But it seems we found the fair price of bitcoin. Apparently that price is $772. It's been fun. Thanks for everything.

Timetravel

George Kikvadze
‏@BitfuryGeorge

Just had a multi-billion family office approach us to sell them 25,000 BTC. Not selling

https://twitter.com/BitfuryGeorge/status/746214539310489601

I don't know about BRexit, but GRexit definitely had a way to make money. Actually, a zero-risk way. The only thing is that you needed to be a Greek to be able to profit.

Betting sites were giving ~1.62x for "no grexit by 1/1/2016"

So, if, say, a greek had 20 btc and placed 5 of them in "no grexit", then in the "no grexit" scenario he would make them 23 in total.

If grexit did happen, then he'd lose the 5 btc of the bet, but the remaining 15 btc would double-triple-quadruple in value in the new local currency after exiting the euro. So it was kind of "profit either way, in different ways" scenario.

I tipped a friend who works at the biggest Dutch tech-website (90 million pageviews per month), and they published an article:

http://tweakers.net/nieuws/112383/totale-waarde-van-bitcoins-overschrijdt-grens-van-tien-miljard-dollar.html

 

Damn is Bitcoin fun.... it's simply incredible to be a part of it.

and who said that we rose because of chinese?

Today is May 20, 2015. The price of Bitcoin is around $233 US Dollars.

Q: What does it take for Bitcoin to go 100X? (10 000% price increase)

A: It takes 1% of the most obvious target markets.




Bitcoin Price Model | http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

---

Video | James DeAngelo - Is $100 000 Bitcoin possible?

To quote Chamath Palihapitiya: "Trillions of dollars are up for grabs. Up for grabs!"

Have a nice day!

New ATH 2016 ^®™

What is the Falcon Network?
The Falcon Network is a network of fast relay backbone nodes, designed for fast dissemination of Bitcoin blocks. Fast block dissemination helps decentralization: it ensures that miners of all sizes efficiently discover new blocks, reduces orphan rates, and minimizes wasted miner effort.

What makes the Falcon Network different?
The Falcon Network uses a novel technique for fast block propagation that is much faster than existing techniques.

How does it work?
Falcon uses cut-through routing coupled with an optimized topology. This approach is asymptotically faster than techniques based on simple block compression. These slides provide more details.

How do I connect to Falcon?
Connecting to Falcon is as easy as pointing your bitcoin daemon to one of our nodes with an --addnode parameter. You do not need to run any special code locally.

We would like to build up a user base with which we can communicate, however, and to that end, we are enabling the high-speed mode of Falcon on an invite-only basis.

If you want to get the full benefits of the Falcon network, please sign up!

You can also just connect to our nodes without going through the sign-up process, but in that case, Falcon will not employ its high-speed mode when communicating with your node.

How does Falcon compare to the existing Fast Relay Network?
The Fast Relay Network was a volunteer service that was operated by Matt Corallo for the benefit of the miner community for many years, but has recently stopped being maintained. Falcon and FRN have quite a few similarities, but differ on main architectural grounds.

Falcon is faster than the FRN. FRN and Falcon differ fundamentally on one critical issue: how they achieve their speed gains. Falcon uses cut-through routing, which can ensure that a block is propagated as soon as it has been received. In contrast, FRN is based on a store-compress-and-forward architecture, which is significantly slower.

Falcon uses an optimized topology. FRN uses a static, manually-crafted topology, while Falcon's topology is modified dynamically to minimize latencies.

Falcon requires no set-up. FRN requires locally installing and running special decompression code, while connecting to Falcon just requires passing an --addnode option to your bitcoin daemon.

Falcon is fully supported, while FRN is no longer maintained.

Overall, there is great value in having multiple relay backbones, operated by different entities. We encourage miners to connect to both FRN and Falcon to ensure the best possible service.

If I can just connect to Falcon, why should I sign up?
Only subscribed nodes get the benefits of our high-speed transport, so you will not receive the same high-speed benefits that other nodes do unless you subscribe.

Will the Falcon Network keep my IP private?
Yes, we do not reveal the IP addresses of the nodes connected to our nodes.

How does Falcon impact the block size debate?
By making the network faster, Falcon reduces the adverse effects of larger blocks. It reduces orphan rate, reduces wasted miner effort, and improves fairness and decentralization. As a result, Falcon enables blocks to be made bigger than they could maximally be under the regular Bitcoin peer-to-peer network or the old "fast relay network."

Some of the arguments made in the block size debate are not driven by the performance of the consensus layer (e.g. being able to support severely resource-constrained nodes); Falcon does not impact that aspect of the debate.

Which Falcon node should I connect to?
You should connect to the Falcon node that is closest to you in terms of ping distance. There is no advantage to peering with as many relay nodes as you can; in fact, that might result in higher bandwidth usage.

Are there any downsides to Falcon?
Falcon does not fully verify the data it is relaying. You should always check every block with your own validator before building on it, as you would for any other block from the Bitcoin P2P network.

The relay nodes send blocks immediately to peers that they believe do not have that block, so you may see blocks being sent which you already have. If this is a problem for you due to bandwith issues, you should reconsider your bandwith provisioning.

Falcon is not a replacement for having peers on the standard P2P network.

What should I expect after I connect to Falcon?
Falcon is blazingly fast. Expect a block to be propagated to most nodes connected to the Falcon network within tens of milliseconds after it is received by the network.

Falcon is experimental software. We frequently deploy new software updates, some of which might require a disconnect/reconnect. If you are subscribed, Falcon nodes will automatically reconnect back to your node.