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You tell us. What is the correlation coefficient? Looking at the graph my guess would be something closer to 0 than to -1.
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Credit cards do not take "weeks" or "months" to be "confirmed". This Bitcoin community has gone in some sort of strange denial. Don't try to compare Bitcoin confirm times with this.
And no broadcasting doesn't count as a confirm sorry, be in denial all you want about this.
Bitcoin is NOT what it started off to be.
I'm glad you morons think those confirm times are "impossible" you'll soon see where this kind of attitude gets you.
OK, you tell me what you think the confirmation times are. How long does the merchant have to wait to be sure that the credit card company won't take the money back? How long does the merchant have to wait to be sure that a Bitcoin transaction will go through and won't be double spent? |
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So Electrum seed is 128 bit
12 or 13 words
What are the chances that the same seed is not generated by someone else by mistake?
Electrum seed just consist of English words . Don't you think it would be more secure to just use random letters?because either way we have to write it down.So what's the point of using English words?
Don't you think private keys genetation is more secure then seed itself? Even though seed contains other private keys.
So tell me the chances that someone else does not generate the same seed and end up stealing bitcoins?
The probability of two people getting the same seed is incredibly small. Words have some advantages: you need fewer words than letters, and words have built in redundancy. They are also easier to remember if you are brave/crazy enough to memorize your seed. |
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Bitcoin needs to have 5 second confirm times, yeah you heard me right. (you ARE trying to CUT OUT middle men, not CREATE them RIGHT?)
More so it needs a better development team otherwise Bitcoin will continue to become dated. (doesn't need changing? you'll see where this gets you soon enough)
Your mistake is believing that credit/debit card transactions are confirmed in 5 seconds. It really takes more like 30 seconds just to do a credit/debit card transaction, and it takes months for the transaction to actually be confirmed. Doing a bitcoin transaction can take just a few seconds: scan a QR code and press the wallet's confirm button. The confirmation doesn't take months, it takes minutes. |
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d38bf45e4ff673ff1f894e925ec5e3882fcb46d12f4d5ee628dd62e57bb2f066
im using electrum
Transaction d38b...f066 now has over 50 confirmation. I assume you sent the funds from the address, 32Ke..., in your electrum wallet to the address, 1ND3..., at some site. If the site does not say that it has received them by now, then there is something wrong with the site. If your electrum wallet does not show the transaction as being confirmed then there is something preventing it from being updated. |
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So if Btc is survives, it will be forced to be easier to mine (less electricity, less CO2) in the future, or transaction blocks just won't get validated, which will kill the currency. Easier transaction calculations means that the early adopters and those who can control large resources will become fabulously wealthy (this will make a few very happy) and will de-facto be in control, and the result of the Btc experiment becomes just another form of resource destruction benefiting the few.
As a physicist, and an amateur cryptographer, I've been trying to see a way out of this scenario. The power needed for mining is the key and there's no way around that, again, as all miners know. The bitter irony is that all this destruction of fossil fuels by Btc is mainly dedicated to just validating transactions (supporting commerce) - not to producing anything of actual utility/value, like transportation fuel, medical instruments and drugs, food, commodities. By contrast, the fiat currency, say, a 10oz block of silver, after fossil fuel energy is invested in the mining and refining, it remains an energy-free currency. It can be used (as a currency) at will with no more energy inputs. But every time Btc is used, more fossil fuel must be expended to verify transactions. So, purely as a money system, Btc seems intrinsically hostile to the planet.
First, making bitcoins easier to mine won't reduce the electricity used because of the economics: the amount of electricity used will increase until it's cost equals the value of the bitcoins produced. Second, the concern over excessive use of resources is overblown. The resources used to mine bitcoins are a small fraction of many other financial activities. For example, the cost of printing currency in the U.S. was more than double the cost of mining Bitcoins. Finally, the cost of mining is not for nothing. It ensures the integrity of Bitcoin. This cost is also present in other monetary systems, and is probably much higher than Bitcoin. The U.S. spends $375 million per year fighting counterfeiting. |
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Don't bother. The only mention of Bitcoin is this statement at the very end: Then again, none of these solutions is available in every country in the world, which is part of the reason Bitcoin remains a global mobile payment contender.
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In theory, it takes about 65 MJ to accelerate 1 kg to escape velocity. in practice, it takes much more because the fuel required to expend that amount of energy must also be accelerated.
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OP_RETURN is a special operation primarily used to record information in the blockchain. blockchain.info is unable to parse the transaction because it doesn't conform to any transaction template that blockchain.info understands. |
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when does the block halving start? Is it even profitable to mine btc anymore at all?
The halving occurs at block 420,000. Look here: http://bitcoinclock.com/At that point, only the most efficient miners will be able to continue mining profitably. Regardless, some portion of miners will continue to mine at a loss. |
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The problem with your trading strategy is that you will make a little bit of money every so often while the price fluctuates within your range, but when there is a big move against you, you will lose all your profits.
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As for the market price being what it is, almost double since January 2016, the only reasonable explanation is the Halving in July. Everyone and their grandmothers know what's coming. Traders, seeking only profit, must engage proactively or else they will be blind-sided, so they buy more than they sell, precisely because they know it's about to become a little more scarce.
While I agree that mining has no affect on the price. I can't agree that the only explanation for the price increase is anticipation of a price increase due to the halving. That's like saying that the only explanation for UFOs is the existence of beings from another planet. You can't claim that anticipation of the halving is a reasonable explanation without reasonable evidence, and also you can't claim that another explanation is not reasonable without evidence. |
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The article mentions that one movie pirate trades Bitcoin. I believe that this and the title are indications that there is a segment of the Indian population that believe that Bitcoin is used exclusively by criminals.
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I heard somewhere that there is a limit of 1 MB per bitcoin for the data related to the transaction of each bitcoin. I also heard that some bitcoin will be unusable (transaction will not be possible anymore for those bitcoin) starting next november because they will exceed their own 1MB limit.
Is there such a limit of 1MB per bitcoin?
There is a proscribed limit to how much transaction data the Bitcoin system can process. The limit is currently set to 1 MB every 10 minutes on average. The fears of this limit somehow causing Bitcoin to fail are unreasonable. |
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Hey everyone...are there any way around with which we can earn about $2.00 per day...i am newbie here so for now its not possible me to join signature campaigns ..so any other way
You can probably earn more than $2.00 a day begging on a street corner. You can certainly earn more by begging than you can by clicking on faucets. I recommend begging, but not here. |
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I would love it if some veteran user of Localbitcoins will chime in on the matter  I have done many trades on LBC. An online trade will automatically reduce the amounts to what is in the account. On the other hand, there have been times when I have had to deposit more BTC into my account to cover a face-to-face cash trade. |
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The only mention of Bittcoin is this: The IoE market is a broad umbrella term for things connected to the internet, such as smart grids, smart homes, smart cities, smart contracts or smart currencies such as Bitcoin and Ethereum.
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Last year, 100 million oz of gold worth about $100 billion were mined. Compare that to the 1.31 million bitcoins worth about $525 million that were mined.
The amount of energy and other resources spent on mining gold dwarfs that of bitcoin by a huge factor. Shouldn't we be more worried about gold mining instead?
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Buy 3 more accounts, sign up those too, that will be around 80 posts/day which can be done in 4 hours. Work only 4 hours/day only and you can earn 0.84BTC/month (350$)! It can be a full time job if you are dedicated, but remember no spam or you get banned!
1. It is not possible to make 80 meaningful posts in 4 hours. That's one post every 3 minutes. Anyone posting at that rate is really just spamming because there is no way their posts could have any real quality or value. 2. As far as jobs go, signature campaigns don't pay very well. According to your numbers (which are exaggerated), a person can make $3/hour. Perhaps that might be a lot in a poor country, but minimum wage in the U.S. is more than twice that. Get a minimum wage job and earn twice as many bitcoins per hour. |
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Currently, the way to make money in the Bitcoin world is through long-term investment. Invest your money and time into something that will be valuable if/when Bitcoin takes off. Invest in and/or get a job at a startup, or just buy bitcoins.
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