You guys are pussies. We are still on the lunatic fringe. Give it 2 years like Andreas said. If in 2 years things look the same, then you can start considering jumping off tall buildings.
Imagine a guy holding 100 BTC and seeing the price drop from 600$ to 200$. I won't call them pussies. i would |
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Guys i am trying to understand the whole thing, but please ELI5 how will be my coins, stored in paper wallets affected??? I will have to sell them and buy new coins on the new fork or i will be able to use my coins on both blockchains....? I don't get it  If this is the case, that we will have to sell our coins and buy new ones, i don't want that.... Nope. You don't have to do anything. If there is a fork you would need to upgrade your client if/when you decide to spend coins. That is about it. Seeing how Gavin and the other developers moved forward with P2SH it won't happen until there is a super majority of support. So coins will be usable in both forks if you use the proper client right? do you mean like double spend the coins on both chains at the same time or just freedom to choose either chain ? |
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this news was fake ,there were not scammed of any BTC
they were promised something like 300% profits for investing in a
BTC ponzi that issued them iou's in the form of coins that could not be withdrawn
same old scam dressed up a little differnt and it fools people every time ,everyone in
china already knew this was scam waiting to implode for the last 6 months or so
its hard to feel sorry for people when they throw their money to the first crook that promises
them hundreds of % of interest without asking how or why
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Wish we would tell what exactly was different about BurtW and other LBC sellers..
probably the volume ........... |
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What is bitcoin gonna do in the next 2 (or 5) years that it hasn't been able to do in the last six? Happy to hear the reasons justifying predictions.
Do you know how few people still know about it? Here in europe for instance it's not that known. Not just in Europe. In Asia, Australia still not that big. i tried using it in thailand just for kicks at some of the largest dept stores and they had no fucking clue what it is,most of them didnt even want a visa card becaused of the 3% charge they would rather just have the cash ,i expect other countries in SE ASIA are all the same |
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use a combination of 2 together
one specifically for malware and another for general antivirus threats etc
you may want to disconnect from the internet when accessing your wallets passowrds etc or if your superparanoid install multibit on a usb stick and only plug it in to send coins to your phone or hot wallet etc while disconnected from the internet
safer again is to use a dedicated old computer thats NEVER been connected to the net as your cold storage and lots of backups etc in the event of catastrophic failure
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Dude, I was reading this and thinking people were being facetious and just dividing the price by 100.
Then I realized this actually was from 2011.... wow, what an interesting read now in these scary times.
i started buying coins in $2 range and back then i remember reading people saying it will drop to $1.50 or $1.25 or even $1 and it even made me think twice about buying a load between $2 and $6 luckily i didnt listen to the FUD and kept buying but im sure many people dumped at $5 when they thought it was going back to $1 .....lol fast forward 2 short years and they could have dumped at $1200 lol reminds me of this current situation where people are relucatant to buy in at $200 even though in a couple of years there probably will not be any coins under $1k .........  |
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Most of them don't understand bitcoin and they would naturally think that it is a ponzi scheme.
If you own bitcoin and don't understand it, then yes, you are lucky, and no you will not be making any money on the next phase which is Bitcoin2.0 the current whales will not make money on their mega wallets ?? i find that hard to believe as people like tim draper or winklevoss and many others can afford to sit and wait years if nescessary they will not be pressured to dump at sub $200 etc as they have tonnes more money or assets the people who are bitching the loudest are ,quite ironically probably the ones with the least coins who are "fighting over the crumbs" and trying to FUD the price down a bit lower so they can short their 0.4btc  |
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Notes:-
Alert ResultRegistered contact email address is a free one
Alert ResultTechnical contact email address is a free one
Alert ResultAdministrative contact email address is a free one
Alert ResultThis website is 2 Days old
Alert ResultThe website expected life (365 days) is relatively short.
Alert ResultThe website appears to be less than six months old
Alert ResultThis website setup involves countries known to be high risk
Alert ResultThis website is likely to be operating from a high risk country
Analysis Details:-
This webite is very new , and as such doesn't have an online reputation yet. As with all new businesses , we suggest that you take care and if necessary get in contact with the owners before placing an order of value.
This site has a high risk country associated with it. This may be as you expect but care should be taken if purchasing an item from a site that you didn't expect to be associated with the countries listed above. Certain countries are listed as being high risk because of the high percentage of online fraud or tendency to send fake/replica items.
Free email addresses have been used in the setup of this website. This is not necesarily worrying, depending on the site. For online shops, this can be a sign that the site has some risk
The website has been newly registered with a short life expectancy, which follows the pattern used by many fraudulent and fake selling websites. Please be vigilant and take extra care before providing any payment information.
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.....
if Japan is so broke ,how can they keep lending huge sums of money to other countries that are also broke ?
....
Because they create money from thin air, and make a foreign loan with it, trading it for something "tangible". Now what could go wrong with that? Think about it - . Print a billion. Then loan a billion at 5%, start raking in 50M per year without even doing anything at all. And they pay back the "principal", too. Now think about the possibilities of doing this with your golfing buddies. if western countries can stay wealthy by printing billions from thin air ,why would the poor countries not do the same and inflate their own wealth ? why would america not print the $1.2 Trillion themselves instead of borrowing it from japan with some % of interest why is there any poverty in the world ? at some point the system breaks and you get another russia or zimbabwa where people are burning paper money to stay warm or it costs a wheelbarrow full of cash to buy a loaf of bread etc ... i dont know how close we are from that scenario happening to the euro or the usd but history has proven over and over that the more money you print the more worthless it gets ...... |
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Coinbase insures the bitcoins that they hold, and they even have their Multisig Vault option to allow you to buy bitcoins and have them immediately stored there in this multisig vault, where you control the majority of the keys. Is this not "good enough" for large investors? Mind you, Coinbase has room for improvement on this feature: http://www.reddit.com/r/Bitcoin/comments/2kr1qk/coinbase_multisig_vault_not_as_secure_as_you_think/But don't forget, there are also already things like Armory, with multisig, that just work. Armory and multi-sig security works but try explaining it to your granny ....... the whole thing needs to be simplified before most people would adopt it IMO although we dont need mass adoption for it to succeed the scarcity of the coins alone will give them value even if whole world is not using it enough people will be to make it very valuable ....... |
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why do you need a warning that you are not responsible for losses if this is an "honest ponzi" btw - nice choice of the name ,i guess english isnt your first language but to shaft someone means to rip them off lol http://www.urbandictionary.com/define.php?term=Shafted&defid=1935227"Please READ FAQ Before Doing any deposit. By sending investments users agree to not blaming website admin for any LOSS Note: We are taking 5% transaction fee to keep us going Any deposits UNDER the minimum or OVER the maximum will be counted as DONATIONS! ." |
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Why don't we just double the block size limit when we approach it? We could do it every time the limit is approached.
That seems more sensible than just making it x20 in one go.
nobody wants to have to hard fork every year and the longer you wait the harder it will be to reach consensus just because its possible for the blocks to scale up to 20MB doesnt mean they will ...........until there are thousands of transactions per minute which might be a long way off yet the only other solution i can see would be to implement a sliding scale to match amount of transactions which would eventually reach and even exceed 20MB anyway given enough time ....... |
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Before changing the max_blocksize constant, we should know what happens to the BTC function at (and over) the 100% limit of the tx/block variable.
we already know what will happen transactions wont confirm and there will be a backlog ,it would render the currency unusable if we had to wait hours or days to get included in a block localbitcoins would die ,retailers would stop accepting btc for coffee or food etc because they cant force a person to wait all day until the transaction gets a confirmation miners would include the highest paid transactions so it would mean higher fees for everyone to use btc efficiently and the price would be all over the place if you accepted $1000 in btc for a laptop it might be worth $900 by the time the transaction gets from the customers wallet to your wallet to the exchanges wallet etc this would be huge to giant retailers bottom line is we dont need to wait until it breaks and have a mad panic to get it fixed do you drive your car until the tyres explode or replace them before that happens ? I trust both my car's and tyres' manufacturers test every model to find out exactly how gracefully or suddenly their products' safety features degrade in the event of predictable and inevitable events like tyre explosions. Stress-testing is Engineering 101. stress testing is exactly that and done under controlled conditions to find out the breaking point you dont stress test the only working version that everyone is currently using if you want to make a stress test ,do it with a valueless altcoin or make a new coin just for that purpose like how scientists test new drugs on animals BEFORE giving them to the public |
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Scratch a BitData di rilascio: 25 Gennaio 2015 WEB SITEhttp://www.scratchabitcoin.comHOW IT WORKS:Scratch the volcano, if you find 3 (three) or more bitcoins you win the corresponding sum in bitcoins. HOW TO PLAYInput the address of your bitcoin wallet to play anonymously, make the payment and we will display a ticket for you to scratch. If your ticket is a winner, we will send the corresponding amount in bitcoin you’ve won to your wallet. WARNING: The payment will be fullfilled as soon as your payment has been confirmed at least 3 times on the blockchain. HOW TO WINOne of the best things about Scratch a Bitcoin is that every ticket could be a winner! The jackpot is split in 4 (four) main categories. If the ticket has more than 3 (three)  bitcoins YOU’VE WON! CHANCES TO WINThe draw of the ticket is held by a random algorithm and is set at 38% chance for every ticket lot, that is 1 out of 3 is a winner. or to put it another way ,2 people out of every 3 will be a loser who would play such a stupid game ? a roulette wheel has better odds ffs ....... |
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just because the venue is a remote island doesnt make much differnce IMO
Actually as someone that had the opportunity to go, but didn't act on it for my own views about some of the people there. I have to agree and disagree. I think they all wanted to go to a nice vacation spot, but I would have enjoyed just listening on skype more than flying to a remote island. Wasn't it going to be streamed live online ? Well if it is that would certainly put an end to all the omg it's a secret bilderburger Illuminati meeting. People really like to stoke up a fuss about nothing on here sometimes. conspiracy theorists would still claim that there was a streamed meeting for the public and then they had a secret private meeting as well lol if theres really 60 people in attendance im sure some of the content will leak onto some podcast in the next few weeks ....... |
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Yes, a geometric increase is what I meant. Gavin's current proposal is for it to double every two years, meaning it increases 1.4X every year, which gives it a reasonably high chance of staying behind consumer bandwidth growth (and thus keeping the network highly decentralized).
So to answer your question, yes I would support something along the lines of what you're proposing. I think 5 MB would be much better than 2 MB though, because Bitcoin has a tendency to see sudden spurts in adoption, and so it'd be nice for it to have some room to grow quickly in the coming years.
Thanks for posting.
And I think one thing that often gets lost in the discussion on the hard limit, and that I can't stress enough:
There are other ways to stop bloat besides a hard limit in the protocol. A protocol limit is the most crude and inflexible way to counter spam/bloat. If a 40-50% increase per year ends up being faster than connection speed increases, it is very unlikely that other means will not be found to limit block sizes.
It's nice we agree on a geometric increase, but wouldn't it be great to have actual data on which to better determine the optimum initial increase and eventual rate of increase? Before changing the max_blocksize constant, we should know what happens to the BTC function at (and over) the 100% limit of the tx/block variable. we already know what will happen transactions wont confirm and there will be a backlog ,it would render the currency unusable if we had to wait hours or days to get included in a block localbitcoins would die ,retailers would stop accepting btc for coffee or food etc because they cant force a person to wait all day until the transaction gets a confirmation miners would include the highest paid transactions so it would mean higher fees for everyone to use btc efficiently and the price would be all over the place if you accepted $1000 in btc for a laptop it might be worth $900 by the time the transaction gets from the customers wallet to your wallet to the exchanges wallet etc this would be huge to giant retailers bottom line is we dont need to wait until it breaks and have a mad panic to get it fixed do you drive your car until the tyres explode or replace them before that happens ? |
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the 600-700+ shitcoins will pump ,dump die ,rinse and repeat .......
Perfect scenario to generate profit. for the handful of creators ,yes theyre making money from thin air for everyone who "invests" in the pump but misses the dump doesnt get any profits ,they incur losses or theyre left with a pile of coins that have no value ........ its probably the same bunch of scammers making ,pumping and dumping most of the alt coins |
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I think if you were going to become a millionaire with that sum of bitcoins it would happen long before 2020 if it was actually going to happen. Bitcoin may have been and gone by that time or something better may arrive on the scene. I think it's worth hodling 100 btc till then though.
if it took this long (5-6 years )to get btc into a few stores it will take one hell of an alt coin to derail it before 2020 i think its impossible ,by 2020 btc will be unbreakable the 600-700+ shitcoins will pump ,dump die ,rinse and repeat ....... |
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when usa gives up its nuclear weapons the koreans should give up theirs
and then we will all have to speak russian or chinese ...........no thx im glad there is a stalemate at the moment people are inherently greedy by nature , fear of nuclear missiles might be the only thing thats stopping some wars ....would russia stop at ukraine or would they try to take more european countries with their vastly superior army and weapons ? |
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