Transaction fees should be adjusted with price, making a price of transaction constant. Miners too won't have any problem as their reward would be more predictable.
That would only make sense if the size of blocks was limited based on the value of the transactions. But it's not. Blocks are limited in the number of bytes, therefore fees are based on the number of bytes in the transaction. |
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A meaningful photo comes from an interesting guy who is passionate about comics. I am quite impressed with this photo.
Over 9000? |
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A monthly chart shows where we'd be if we had a monthly candle similar to the November 2013 candle. 480% rise in a month.
Best to discount that month a bit. Willybot faked a significant portion of that growth. |
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So many bears on the poll. Time for a new one.
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How is btc distribution going? I was updated about the situation a couple of years ago, but now some whales should had cashed out...
Impossible to know. There's no way to connect addresses to people, or people to addresses. |
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$5000 is a psychological barrier for sure and some analysts are calling for a correction at $4800 because $4840 is a local Fibonacci 2.618 extension from last swing low
We're currently bumping into the €4000 barrier. |
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Liberation day. All my bits are out of Polo. So who's still in BCH. Be honest  I'm not touching my cold wallets, so I'm still in BCH by default. |
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According to Bryce on Twitter. You will need $70billion new money while nobody sell for bitcoin to hit $10k this year
Nope. You just need one transaction at $10K for this to happen. Market capitalization by itself is a flawed concept because of this. It just looks at the price at which the last transaction took place. Correct. As of right now, a single $40M buy on Bitstamp would take the price over 10,000. |
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Many people seem to be way in over their heads in this, selling their houses and shit to invest in bitcoin.
I'm sure jgray is quite happy with the bitcoin proceeds from his house. https://bitcointalk.org/index.php?topic=508254.msg15197910#msg15197910sold my house for approximately $400,000 Canadian, and got approximately 648 BTC in the transaction.
648 * 5400 CAD = $3,500,000 |
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In order for us to reach the said price said, we need to achieve more than $250-B in market capitalization
People need to stop quoting market cap. It doesn't exist. For the price to shoot to 15k there simply needs to be more demand than there are sellers, and the price will keep going up. |
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I am not sure if this is correct. If Satoshi's address has bitcoins, they have to come from somewhere. In the case they had been accumulated during the mining process in the beginning of bitcoin, there exists a coinbase transaction which sends the bitcoins to these addresses. When you create a paper wallet and there are no bitcoins, you are not able to the address to a user, because it never had an incoming or outgoing transaction. It should be able to scrap all used addresses from the blockchain. Unless I am forgetting something or I misunderstood a concept, but I think I don't  Feel free to correct me. You are correct. If an address has any bitcoins, then it received those from an incoming transaction, and thus can be tracked on the blockchain. Addresses that don't appear in the blockchain by definition cannot have any bitcoins in them, so they can be safely ignored. |
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Meanwhile Altcash is hanging in at $311USD/$395CAD (Coinmarketcap).
I don't consider any alt having absolute $ value. Altcash continues to drop and is sitting at .075 btc. |
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That said, the BitcoinCash split has been a wonderful opportunity for me, since now I have what amounts to a 10% dividend to use for diversification.
I'm thinking the same thing. I just can't bring myself to spend any real bitcoins on alts, but I might be able to convert some bitcoin cash into some alts. |
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heh. i've been here since before this thread.
Don't get cocky. I was here when Satoshi was still active.  |
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Anyway just wanted to post something to say I was here at BTC 4K.  Another early adopter. Welcome! |
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Anyhow, once folks really get some concrete ideas about bitcoin's divisibility and the understanding that you can buy 1/1hundred millionth of a BTC, and maybe there is some more wider practices of pricing in lower level (smaller) units, then it is likely going to take some time to get people to understand some of these unit confusion matters.
We only need to go up 250x to reach parity, 1 satoshi = 1 cent. Then things get extremely interesting. |
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I am more interested in knowing if people whose net worth is orders of magnitudes lower also think buying a lambo is reasonable because it came as "free money" and think it will keep coming forever.
The more bitcoin goes up, the tighter I hold onto my coins. I once bought a yoyo for 4btc. I leave that yoyo on my desk to remind me to not make that mistake again. |
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