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I know Armory runs the Bitcoin client in the background, but what will happen with regards to bigger block sizes being implemented with Bitcoin XT? Will Armory users be able to choose which client they decide to run in the background?
I personally am in favour of larger block sizes.
Thanks.
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I want to buy about 100 000 more AMPs for 1.5 BTC
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Anyone selling AMPs? Can't find a buy/sell thread, would it be worth having one until this gets added to an exchange?
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796.com have recently added XinHua A50 Index:
'What is XinHua A50?
The FTSE/XINHUA China A50 Index comprises of the largest 50 A Share (shares in RMB only available for purchase by China mainland citizens) companies (full list) by full market capitalization listed on the Shanghai and Shenzhen stocks exchanges. “The A50 is the headline index of the FTSE China index series designed to represent the performance of mainland A-share and overseas-listed Chinese companies. It is an avenue for non-Chinese investors to gain direct exposure to large-cap Chinese stocks.” Based on SGX FTSE China A50 Index Futures, 796 Exchange modified the stock futures to suit Bitcoin trading purpose. To make it accessible for small investors, we changed the multiplier to 0.0002 BTC per index point and set the margin requirement to as low as 0.1 BTC per contract.'
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You forgot aliens!!
For all we know there are numerous alien species in this universe (and maybe even parallel universes) that could come to earth (or in a future human colony in the Milky Way) and embrace bitcoin! We wouldn't even have communication problems due to different languages with them since bitcoin is backed by math! Truly a borderless currency.
Imagine the potential there!
Not Aliens you fool. We're advanced AI's in a post singularity multiverse operating on a parallel blockchain. Satoshi just created a new Universe within a universe in a fractal like fashion. Right around the significant 2012 date predicted by the Mayans to be a significant shift in global consciousness. We made it. The Singularity is behind us. The future is bright. lol mind blown??? Yeah well I'm only joking, we're clearly a highly evolved species of primate made of the same decaying organic matter as everything else on the planet. And Aliens. https://www.youtube.com/watch?v=Chfoo9NBEowhttps://bitcointalk.org/index.php?topic=53855.0The universe is data. |
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Just a theory, but I have a gut feeling that if we witness another bubble cycle, the majority of traders will underestimate the peak, possibly by a significant amount.
Why?
IMO the last two bubbles were nothing in the grand scheme of things. Even in the runup to 1200 USD, I would have guessed that maybe 1 in 10 people would have heard of Bitcoin. I think that figure could well be closer to 5 in 10 by now.
We have the two largest stock exchanges (NYSE, NASDAQ) giving credibility to the technology, and people seem to be educating themselves more so than they would have tended to a few years back
We will hopefully have the BIT providing access for institutional investment.
Wall street want their slice of the pie. But the pie is too small right now. So they're gonna have to make it bigger.
Why not load up now, drive the price to tens of thousands of dollars, and then cash out for ridiculous profits before repeating the whole thing.
This wouldn't even be market manipulation - simply buying an asset deemed to be undervalued, and then selling at profit. Natural market forces would drive the bubble thus nobody could be accused of manipulation, and it would be very easy money.
Am I missing something, or is this whole thing a lot more simple than most people are willing to believe?
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I'd suggest several USB sticks in various safe locations. |
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There was a fork in the blockchain back in March 2013 I think, due to incompatibility between new and old versions of Bitcoin QT. During that period, I seem to remember there was a successful double spend against an exchange. The situation was dealt with very quickly and I think the double spend was reversed.
As far as I'm aware, there haven't been any major successful double spends of Bitcoin since then.
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Its only been a year of sliding prices and there's so much doom and gloom. Can people honestly not wait a few years to see how things pan out?
Bitcoin has been a high risk 'investment' from the start. Those who have bought coins in the hope of profiting will have seen the following advice repeated all over the place:
1) Don't invest more than you are willing to lose
2) Buy and hold (unless you're a trader, in which case you should probably still have some coins safely offline for long term holding) - It will be volatile.
Now one of two outcomes will occur, over a suggested 5 year holding period:
1) Bitcoin fails (in this case I would imagine that blockchain technology will still be widespread with continuing development). You lose your investment, but at least you followed rule 1).
2) Bitcoin achieves a significant rate of adoption along with a higher market cap therefore translating to profit on your 'investment'. You have the option of dedicating some of your time to help realize this outcome if you wish (this would be encouraged).
If enough 'average joe' investors could be persuaded to see the logic in this, then perhaps the wealth distribution would be slightly more 'fair' so to speak.
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Was the USD actually just a pump and dump?
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I agree... Bitcoin's distribution is by no means unfair. Especially, when you look at inequality in the real world. What are you guys taking about? Bitcoin wealth ownership is 10 times as centralized as paper fiat - .1% control nearly 50% of all Bitcoins with one single guy controlling nearly 10%. lol. The only thing Bitcoin is missing is a centralized board [like the Fed reserve board] to control the protocol which I think is forthcoming. It's fucking silly. If big Bitcoin holders cared about the outcome of BTC they should be doing giveaways for the community instead of sitting their pig fat asses on mountains of BTC as it keeps crashing. If you start giving out BTC to randomers on the internet, most of them will probably sell immediately and pocket the fiat. That's not gonna help anything. |
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@OP
Thanks for creating this thread. Its become difficult to find material worth reading around here; to find so much in one place is brilliant.
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I am not only holding my btc, but also mine them using cloud mining, and I started buying more since the price is very low. I believe that the price will sky rocket once bitcoin get international recognition and more people start using it. This will take time, maybe 10 years, but it will happen and when it does we (the first investors) will be the richest people.  If it is going to take 10 years to become the "new wealthy elite, gentlemen," then those of us aspiring for such status better have some decent will power and patience to be able to hold onto our coins for such an extended span of time. These things tend to happen gradually. It will not take 10 years. 2-3 years TOPS, probably more like 1 year. I think that is a reasonable amount of time to wait to be rich  Also gives you time to stock up on as many BTC as possible Why do you guys want to be super rich so badly? What's the big deal? This is a serious question, could you guys answer why you want to be part of a wealthy elite? Don't you know the cons of being rich? I read this post on reddit a while back. Saved it to my bookmarks. http://www.reddit.com/r/Bitcoin/comments/1bhhjg/any_bitcoin_millionaires_here_on_reddit_if_so/ |
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@S4VV4S
Lots of Americans here so well done for realising I'm a Liverpool fan lol.
My BTC story is I was advised by a very, very rich client to invest in BTC & to just hoard them because it will be huge one day.
I've got 14 BTC now & I intend to hoard them in the desperate hope that one day it'll make me a tidy sum.
I don't spend them, they're all in cold storage just waiting & hoping.
I am not American bro In fact not even close...... Your boy gave you the right advice in my oppinion. Hold, but do use some (not much) now and then to drive the demand upwards. If you say you have 14 BTC - use 2 of them in an in and out situation. Whatever you can buy with BTC do so then get that BTC back. (basically replenish your coins with new ones, doesn't matter how much) That will help drive the price up for your coins PS: 14BTC is a shit load more than MOST of the members here have. Keep that in mind and keep them SAFE! Use multiple wallets Good advice from S4VV4S |
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BearWhale fall asleep and someone ate his wall, probably some WhaleWhale  Ya, probably some dude was going to put up a fake wall and then drop it so the price would shoot up but then lost his Internet connection. LOL I just came here to post the same suggestion |
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Our bitcoin consortium is still offloading a large quantity of coins. Be warned, final capitulation is still coming! We have thousands of coins to offload across bitstamp and other exchanges. Why hold onto your bitcoins if you know the price will continue to drop? Do the wise thing and sell now... cut your losses!
--Waren Bufet
lol, still haven't learned how to spell your own name?? |
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but how do they try to get your data? I can't see it
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