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LOL. Busted. Where did OP run to? OP, please come back.
PLZ.
OP?
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HODL. Obviously. The price is gonna go up. I can guarantee it.  |
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I was looking for CoinStar machines all over the place when I visited the US last year, but I just couldn't find any. Ended up just going to the bank to get my coins exchanged for notes. If they were more widespread, that would be a very nice utility.
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If the value never increases, then we'll have found a stable price, or the true value of 1 Bitcoin.
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I thought one of the key factors of Bitcoin was decentralisation. A central bank would be going against this core tenet.
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We've been working on a user-friendly Bitcoin wallet for Android called Bitdash, and we just published it to the Play Store a couple of days ago. It supports sending to multiple addresses at once and you can setup a PIN code to protect spending. There's no upper limit to the number of digits a PIN can have, but it has to be at least 4 digits. You can check it out at https://play.google.com/store/apps/details?id=co.bitdash.wallet. |
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No, we're not. Not yet. Until we get rid of the greedy scammers and the scum. And until the greedy people stop being greedy. But that's never gonna happen.
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In 1986 I had a Commodore Vic20 computer with a 56k phone modem. We used to dial up on bulletin boards(we were all local so it would not be long distance) and everyone said it was stupid and would not last, why would people type to each other on a computer when we could just talk on the phone. We were told by authorities we were tying up phone lines for important calls that need to be made and the government was sure illegal activities were going on. About 6 years later rumours came around that if we got a special computer and knew how to program, u could reach this world wide web. Immediately the accusations came about money laundering, drug dealing and inappropriate pictures so the government must regulate and monitor it with law enforcement. It even got to the point of the US wanting any website to be licensed by the FCC or it would not be allowed to be viewed in the US. A few years later the dial up internet took off and has developed into what we have today. It took about 15 years. I imagine Bitcoin will not take that long, but Bitcoin is still young and growing. If a person has not experienced an event like the internet coming to life, you probably can not see how Bitcoin is evolving right now. If you have not read this I would really recommend it concerning the economics of Bitcoin: http://nakamotoinstitute.org/shelling-out/http://web.archive.org/web/20070618142414/http://szabo.best.vwh.net/scarce.htmlIf you haven't watched this video please do, you will not be disappointed. http://www.youtube.com/watch?v=xUNGFZDO8mMThe author in the op's link says Bitcoin has no value, but then he says the blockchain is real and he agrees he can see all the things it will enable(such as smart contracts), how does he think people will pay to use those services? Western Union? Visa? Post office money order? He missed the whole point of Bitcoin being the means of payment for the services offered on the blockchain. Thats why it's treated like a scarce commodity. Only 21 million will ever be available to be used to pay for all the services that will be available on the blockchain. Interesting read about the rise of the Internet. Didn't even know about the regulations and monitoring. But then again, we have the NSA for monitoring everything now. |
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Still don't get why people are losing sleep over the price crash. We should all be used to this by now.
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Bitcoin hasn't gone wrong. At least, not yet anyway.
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I'll only be worried when Bitcoin hits $1.
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Is this a good thing or a bad thing? What are the long term implications?
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I haven't seen them require user verification for anything. But you can always confirm from their support.
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You could try out cloud mining, although the ROI is really long on that one. Alternative option is to buy lots of Bitcoins and hold. The price will definitely go up again at some point. I can guarantee it (TM). |
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Decent article. Very informative.
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Wow, that sucks. Still haven't taken a closer look at the US regulations though. I should get to it at some point.
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Welcome! There are several ways to offer Bitcoin as a payment method. You can make use of a merchant service like Bitpay, for example. There are other players in this area too.
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The one with the higher hash rate will obviously be better. 1Gh/s = 1000 Mh/s.
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We finally managed to get an early release of Bitdash Wallet to the Play Store. It is meant to be an easy to use, straightforward Bitcoin wallet which supports multiple receiving addresses and sending Bitcoins to multiple recipients at the same time. It can work completely offline, except for when you intend to send transactions. Public/private key pairs are generated on the device and the private keys are used to sign transactions only before sending. Private keys never leave your device for any reason whatsoever. The app leverages the chain.com API to send signed transactions, retrieve wallet balances and unspent inputs, as well as retrieve recent transactions. The release is a beta, so there could still some bugs that need to be sorted out. Suggestions and feedback will be greatly appreciated. You can get the app from https://play.google.com/store/apps/details?id=co.bitdash.walletIf you like the app, and would like to show some love or support, you can make a donation to 13KCuhFhVhNYYzUF9MLJAwUAEcoc3ykUAA |
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