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1781  Other / Off-topic / Re: I KNOW I POST TOO MUCH BUT: How old are you? on: August 14, 2015, 03:38:52 AM
you won't believe me, i am just 14 as of 2015.
i am one of the best in English among the secondary 2nd grade.
because of bitcoin, i started the journey of English since i knew what bitcoin was in 2011.
1782  Bitcoin / Development & Technical Discussion / Re: Would this be a reasonable compromise between Core and XT? on: August 14, 2015, 03:32:42 AM
i would say the block size should be doubled per 2 years, and the maximum would 256 mb, based on storage speed factor.
even though if we could afford 1 Th HDD w/ $20 in 2020, every 4096 blocks would need another HDD again. that's doesn't at all qualify the sustainable development. not only this, merchants may even increase the price of HDD, due to the excessive demand of storage, leading to unfairness distribution of storage.
i don't wanna see the electric wastage with bitcoin is higher than what government consume, we don't want a currency which wastes of energy more than what fiats does.
we want a decentralised currency, but we still need  to consider about the sustainable development in order to take the bitcoin to the top.

8 gb per block would be ridiculous for most of the newbies if they use the full node wallet.
not even me could afford such a large storage for blockchain, please consider about the newbies, majority of them would not be able to use full node wallet in the future.
i have no choice but have to use online wallet or the wallet without requiring synchronisation of blockchain to prevent the crash of my PC.

basically, bitcoin XT is centralising the full node users, forcing most of the people to use wallet which doesn't require the blockchain synchronisation, susceptible to a 51% attacks.
1783  Bitcoin / Pools / Re: BITMAIN announces Antpool on: August 13, 2015, 12:35:04 PM
Hmmm, anybody see this and is this really worth it with antpool low payouts the new cloud mining version 3 hmmmm ?

https://bitmaintech.com/product.htm
oh wow.
.666 btc per Th.
originally, i should be 1 btc, but today, i guess that Bitmain decided to spread shit-tons of ASIC all over the crypto world.
i smell something called "illuminati" based on "666", lol.
1784  Other / Off-topic / Re: Judgement Day is near folks! on: August 13, 2015, 12:27:15 PM
when i saw this post...
*looks at the matter... then i got this reaction:

that is not what i am expected.
the judgement day is not possible apparently.
1785  Other / Off-topic / post your text art (coloured) here. on: August 13, 2015, 12:22:32 PM
u jelly?
because i am gonna create random shit here.
now, it's your turn to build

(creating the colour text, please stand by)
1786  Bitcoin / Bitcoin Discussion / Re: Do you think Bitcoin could bring about world peace? on: August 13, 2015, 10:51:29 AM
it can't legitimately bring peace because it makes no sense to world peace.
at least we would have the economic freedom.
1787  Other / Off-topic / Re: what you like best in Bitcoin ? on: August 13, 2015, 10:23:17 AM
i would like the decentralization.
because we won't need to be fear with the governments.
1788  Economy / Speculation / Re: The panic selling has begun on: August 13, 2015, 10:19:40 AM
i guess because the bit license problem, look! new york required expensive fees in order to register one.
unless new york citizens decided to protest, otherwise, i predict $200
1789  Bitcoin / Bitcoin Discussion / Re: bitcoin supply discussion/suggestion on: August 13, 2015, 10:02:24 AM
i also voted for 21 million as original planned by Satoshi, increase in supply even made it double to 42 million can destroy the value of it, everything going smoother with current limited supply to no need to make new experiment there.
i am not asking to double it, i mean to recover the lost coins.
i guess i just got a wrong thing here.
why shouldn't we majorly decrease the hard limit then?
1790  Bitcoin / Bitcoin Discussion / Re: bitcoin supply discussion/suggestion on: August 13, 2015, 09:52:49 AM
i am dead, just don't lemme see if the actual avaliable supply is insufficient.
if the dead address could be recovered, i would not need to talk about this.
1791  Bitcoin / Bitcoin Discussion / Re: bitcoin supply discussion/suggestion on: August 13, 2015, 09:39:11 AM
again, what about the dead supply?
every time people lost their wallet, those coins are dead forever, no one would be able to take them back.
at least get the division into 1 out of at least 100 billion per coin.

that's why i would wish for unlimited possible supply, i just wanna wish to recover those coins lost. AFAIK the actual avaliable supply is about 9 million.
i am sure that bitcoin avaliable supply is zero in 2140 due to the abandoned wallet - as majority of the people were dead and left their wallet.
1792  Bitcoin / Bitcoin Discussion / Re: Looking to build a bitcoin website and help others -please share ideas ;) on: August 13, 2015, 09:30:03 AM
you should setup a store.

1. get your bitcoin and management license. (if required)
2. setup your own bitcoin store website.
3. setup your store in your local places.
4. import <insert any useful stuff irl here> to your store.
5. ask for bitcoin payment to customers.(or teach them how to use bitcoin.)
6. profit and get the bitcoin all over your city!

i recommend you to sell electronic components like SD card, and computers.
and physical bitcoins, too!

-------> great ideas, i have added these to my brainstorm sheet and .....lottery248 when you say SD Card, and computers what about them would make it different?  are you just saying re-sell these components how would you integrate with bitcoin?  physical coins are not a bad idea either!  i've seen a few and really only one guy who did it well..


Publish Breaking news on Bitcoin, Display Latest Trading Price of Bitcoin, Articles on BTC Investment opportunities, BTC Scams around the World, Teaching Articles for beginners etc.


tadakaluri i have added this to the list of requests and definitely see all of the topics as valid components!


Thanks everyone and if anyone has anythign else just PM ME or post it here.
Cheers!
i guess you should do some import retail that is bitcoin related.
1793  Bitcoin / Bitcoin Discussion / Re: bitcoin supply discussion/suggestion on: August 13, 2015, 09:28:03 AM
I did not even need to read anything in this thread aside from the title.

Anything that would fundamentally change Bitcoin would ultimately be fatal. Changing the supply or implementing POS would mean that Bitcoin is not different from fiat at all.
If that is ever the case, I'll be the first one to sell my coins and leave. Stop proposing inflation, and there are enough coins for everyone.

of course it would be fatal, but consider about dead coins (the coins that could not be sent due to the loss of the key).
again, bitcoin could only be divided up to 100 million, what if majority of the coins were in the dead address?
think again; limited supply in which the dead coins cannot be recovered, we will lose supply.

As Satoshi planned 21 million. To increase the number of bitcoins mined would probably destroy bitcoin & everything thst Satoshi intended. The price would plummet if the 21 million cap was ever agreed to be lifted. The reason bitcoin is so valuable (or has potential to be) is because there are only 21 million ever to be mined.
hope you understand that the supply could not be divided into less than 100 million, thus newbies might not be able to start with bitcoin easily if the bitcoin skyrocketed.
1794  Other / Off-topic / Re: do not suddenly sell your bitcoin. on: August 13, 2015, 09:15:12 AM
sorry for your lose mate

i don't really understand what you are talking about.
i did not lose any bitcoins, lol.
really, i wanna talk about the trading strategy problem.
1795  Bitcoin / Bitcoin Discussion / bitcoin supply discussion/suggestion on: August 13, 2015, 09:07:49 AM
(no longer care about this post.)
(opinion only.)
hello dude, i am gonna talk about the supply of bitcoin.
here is my some of the question for every1:

in a nutshell, in order to prevent loss of avaliable supply, you know the dead wallets could not be recovered.

  • should we add proof of stake to the bitcoin?
  • should we increase the supply limit (i mean to have more bitcoins)?
  • is the maximum supply (apparently) good?
  • is the bitcoin deflationary a good deal?
  • is bitcoin sustainable based on supply?
  • would you sure that newbies would be easy to get with bitcoin in the future?

i would suggest to terminate the hard limit of possible supply and fix the 1% minimum inflation, why?

because the abandoned coins are increasing, destroying the supply of bitcoin, leading to the decreased of actual supply, in that case, we would not have enough coins for the demand. deflationary would not give anything great to the wagers in the future - every time that bitcoin demand increases, the value increases, thus wager would have no choice but to decrease the wager. bitcoin division is up to 100 million, in the future, if everyone could use bitcoin, the price of bitcoin would probably be at least a million, in that case, people would be in trouble of insufficient supply thus newbies would not be able to get in easily.

stable inflation is in order to prevent price from instability and qualify the demand. if we do not make a stable inflation, it will be hard to make it sustainable. we want a stable price and sustainable supply to meet the requirements. increasing the maximum supply may lose your reliability of bitcoin, however, you would be in trouble of insufficient supply.

gold is unlimited all over the universe, but bitcoin is not.

have your say, i am not here to debate with you because you will have other people to debate with.
1796  Bitcoin / Bitcoin Discussion / Re: Looking to build a bitcoin website and help others -please share ideas ;) on: August 13, 2015, 08:43:39 AM
you should setup a store.

1. get your bitcoin and management license. (if required)
2. setup your own bitcoin store website.
3. setup your store in your local places.
4. import <insert any useful stuff irl here> to your store.
5. ask for bitcoin payment to customers.(or teach them how to use bitcoin.)
6. profit and get the bitcoin all over your city!

i recommend you to sell electronic components like SD card, and computers.
and physical bitcoins, too!
1797  Other / Off-topic / Re: do not suddenly sell your bitcoin. on: August 13, 2015, 08:36:57 AM
dont sell it just share it  Grin
Exactly! Love for all!
but will devalue the bitcoin, lol.
if you suddenly decided to share your bitcoin for free, it would lead to more people to demand bitcoin for free, leading to the devaluation of bitcoin.
And then love would spread through the entire universe, making everything free! Free jobs! Free shelter! Free life! Yaaaaaay!
seriously, bitcoin can only be divided up to 2.1 quadrillion satoshi, gold is unlimited all over the universe.
but neither gold nor bitcoin have value guarantee. spread commodities instead of just spreading bitcoin.
1798  Bitcoin / Bitcoin Discussion / Re: Describe BITCOIN in ONE word. on: August 13, 2015, 07:40:06 AM
Perverted.
look at the blockchain, glitch blocks finding made the confirmation even slower.
also, so much stress test and flooded the mempool, i am dead with those transactions.
i hate bitcoin XT.
What the hell does Bitcoin XT have to do with that?  Huh

bitcoin XT is possibly alter the bitcoin core.  Cry
if bitcoin XT made it, it would crash numbers of full node users.
1799  Bitcoin / Bitcoin Discussion / Re: BTC in your country on: August 13, 2015, 07:27:14 AM
Hong Kong.
few of the people use bitcoin in hong kong, HKMA warned about the risk of bitcoin.
the reliability of bitcoin were down because of the MyCoin incident.
i am the one of the rarest teen to use bitcoin, and research with bitcoin.
1800  Other / Off-topic / Re: do not suddenly sell your bitcoin. on: August 13, 2015, 07:23:51 AM
dont sell it just share it  Grin
Exactly! Love for all!
but will devalue the bitcoin, lol.
if you suddenly decided to share your bitcoin for free, it would lead to more people to demand bitcoin for free, leading to the devaluation of bitcoin.
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