The transaction fee is 36.33. It is worth $16,166 on 198618 transactions. So the per transaction fee is $0.081. That is expected.
Yes. I was not talking about that. My point is, that if we devide payments to miners/transactions, we get 9.5 dollars/transaction and that is a lot. No other banking systems costs 9.5 dollars/payment. And Yes, I undesrstand, that at the moment that money comes from block reward. This is not a useful metric because it doesn't say anything about the network or the cost of transactions, or anything else relevant to bitcoin. So what's the point in bringing it up? No other banking system costs $9.5/payment, and neither does bitcoin.The OP might think if the cost of transaction is $9.51 each, the miners might stop supporting the network if the total reward is reduced below $9.51. |
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https://blockchain.info/stats shows that during last 24hrs Total Miners Revenue is $1,888,197 and there where 198618 transactions. So Mining cost $9.51 per transaction! Of course I undestant, that majority of mining revenus is coming from blockchain reward, not from transaction fees. But to my opinion this tells that mining revenue is high/transaction. This is a really strange way of calculating transaction cost FED just printed 3 trillion dollars, and you made some transaction, would you say that it costs 3 trillion dollars to do those transaction with USD? Similar to miners digging out gold from the ground, money creation has nothing to do with transaction cost. Most of the bitcoin miners do not process any transaction at all because what they are interested is the money creation That is a good point. For the time being, $9.43 is the subsidy, it will reduce over the years, and the transaction cost (not just per transaction cost, but the total) will rise to compensate. |
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The transaction fee is 36.33. It is worth $16,166 on 198618 transactions. So the per transaction fee is $0.081. That is expected.
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I know I have posted something like this before, but this time I'm adding more descriptions, because I left out lots of details.
I want to earn 0.1BTC-0.3BTC in a month at most. I am 13 years old, so I do not have any bank account, so I can't spend any $$.
I am willing to do activities such as signature campaign and stuff.
Things to answer for me:
1. What is the highest paying signature campaign that I can participate in?
2. Any place where I can loan Bitcoin?
3. Any other ways that I can earn bitcoins FAST?
Things To Know....
I can program JavaScript, HTML, CSS, and Processing JavaScript pretty well.
I spend 10+ hours everyday on my laptop.
I'm very determined. (Willing to do almost anything.)
My address is: 15k9H74VrEVGndYrrgHoDBkzBv5CNY1ukc
and donations are very appreciated!
If you are 13, then it is better to concentrate on your school studies. You study should not make you spend 10+ hours on your laptop. You can work on your laptop during holidays. |
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I think it will be around 650, but 2107 it will be in the price range of around $1200 usd. Majority of the panic sellers have thinned out and a stable price per year will be more beneficial for long term growth. I am not expert its just guessing because Bitcoin really fluctuates against world economy and after watching big short I think another economic disaster is in the works by the Big Banks.
I think we will see the bitcoin price to be $1200 in June this year. In 2017 the price will be $3000-5000. |
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Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin? Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency. The 21 million cap could be altered with a protocol upgrade if there is consensus. There are more than "21 million coins", if you consider satoshi or bits coins. Lets say one satoshi is one coin: 2.100.000.000.000.000 coins No need to alter anything. If there's demand, price simply adjusts accordingly. We can add a few more digits in the next century if bitcoin is still a popular currency used by most people. |
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Nothing in this world is safe but with bitcoin you are able to invest as well as safe money into it as well.
The bitcoin market seems to be very unpredictable so it's not safe at all.
The bitcoin price is too volatile for it to be a safe short term investment. For long term, there is no problem. |
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This will take years for bitcoin to get there.
I don't think this bitcoin generation will be alive to see this happen.
I do not agree with you. If the bitcoin price rises 30% a year, in 30 years, it will rise to $11 million dollars. I am still young to see the price. |
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As of know, Bitcoins are as safe as fiat, stocks, gold or any other types og assets. As allways, you need to be safe about your assets: allways use a logical approach.
which makes it not safe is the fluctuation, because anytime bitcoin prices can change up or down, This is different from fiat money The Bitcoin price is too volatile, the volatility is much bigger than gold or US dollar. So it is difficulty to treat it as safe investment. |
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Simple question and maybe this has been addressed someplace else, but from what I've been reading Ethereum will eventually allow anything to serve as a tradeble currency or "token" within the Ethereum ecosystem. So what is the purpose of the Ethereum currency itself (Eth)?
Say for example I'm a company and I want to issue shares. I want to do it simply with a friction-less system (i.e. instant with minimal fees) that allows me to issue or transfer shares easily, and publicly verify ownership. Based on Ethereum I can simply create shares from nothing and issue them within Ethereum. All the share holders have to do is prove they own an address which contains shares that I've created. Those shares would not exist outside of Ethereum but who cares? The point is just to have a publicly verifiable ledger that shows who owns what in my company. In this scenario I would have no need whatsoever for Eth, but I'm still using Ethereum. How would that work?
Edit - I've been thinking about it and the only thing I can think of is that Eth is what will be used to pay fees to support the entire Ethereum ecosystem. Using my previous example say there are a bunch of companies issuing shares. They have each created a token that is unique for their company. But now somebody wants to transfer some shares, which would require a small fee. Well what do you pay the fee in? tokens? Whose token? I think by providing an underlying base level currency (Eth) the developers will be able to get around this. Which would mean all fees are paid in Eth, but whats actually being transferred could be anything. Am I on the right track here?
How do your regulate the share issue system and protect investors? I think for investors, safety is the most important. This is the point I was getting at. There is nobody to enforce any rules on how a token can be used, atleast not that I've seen. I think this will be a large avenue for abuse. Sure if I was a legitimate company or any other entity I would want to make sure everything is compliant and I'm not knowingly breaking any laws (I say knowingly because here in the US its incredibly easy to break an obscure law without even realizing) But what if I'm not a legitimate company, or just a bored scammer? So we need authority like the US SEC, which regulates the US stock market at the moment. Maybe US SEC will use blockchain or Ethereum to issue shares. |
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Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin? Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency. When bitcoin is used as a currency and can be used to pay tax, then the bitcoin wealth will be redistributed. Those with lots of bitcoin can spend it or invest it. |
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Simple question and maybe this has been addressed someplace else, but from what I've been reading Ethereum will eventually allow anything to serve as a tradeble currency or "token" within the Ethereum ecosystem. So what is the purpose of the Ethereum currency itself (Eth)?
Say for example I'm a company and I want to issue shares. I want to do it simply with a friction-less system (i.e. instant with minimal fees) that allows me to issue or transfer shares easily, and publicly verify ownership. Based on Ethereum I can simply create shares from nothing and issue them within Ethereum. All the share holders have to do is prove they own an address which contains shares that I've created. Those shares would not exist outside of Ethereum but who cares? The point is just to have a publicly verifiable ledger that shows who owns what in my company. In this scenario I would have no need whatsoever for Eth, but I'm still using Ethereum. How would that work?
Edit - I've been thinking about it and the only thing I can think of is that Eth is what will be used to pay fees to support the entire Ethereum ecosystem. Using my previous example say there are a bunch of companies issuing shares. They have each created a token that is unique for their company. But now somebody wants to transfer some shares, which would require a small fee. Well what do you pay the fee in? tokens? Whose token? I think by providing an underlying base level currency (Eth) the developers will be able to get around this. Which would mean all fees are paid in Eth, but whats actually being transferred could be anything. Am I on the right track here?
How do your regulate the share issue system and protect investors? I think for investors, safety is the most important. |
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you guys still thinking in conversion rate.
here is my BOLD prediction.
I will buy a beach front property in the US for less than .75 BTC in less than 20 years.
Will that beach front property be less than $1m? The US has vast amount beaches, the price varies a lot. |
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You are right. There is a chance that this will happen. I just really doubt it. There is a very small chance it will happen. I think the max Bitcoin will reach is $10,000.
I agree, and even i think that reaching this amount $10k is not easy and may be need few years to happen if it's possible of course. But i don't think that bitcoin's price will reach $11M it's likely very hard to happen If the bitcoin becomes a reserve currency, the price will reach $11m eventually. The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin. I'm not sure what you mean by "the US treasury is about $20 trillion", but the St. Louis Adjusted Monetary Base is about $4 trillion, so $4 trillion divided by 20 million bitcoins is $200,000 per bitcoin. The value of a bitcoin will exceed $200,000 only if all the dollars are replaced by bitcoins (assuming FRB at current levels). The US treasury or the US national debt is about $20 trillion, http://www.reuters.com/article/us-usa-fiscal-debt-idUSKCN0SG1PH20151022. That needs money to buy. |
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Is something brewing for Ethereum? This coin have been steadily climbing upwards since it fell below 0.0019. Hopefully, 2016 will be a good year for Ethereum unlike last year where ICO holders cashed out.
ETH about to blow in 2016 That is just a speculation. Do you have any evidence or analysis to support your claim? Happy to discuss. |
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Can I join?
User Name : blue_Panda73
Rank : Jr member
Pot : 30
Bitcoin address : 1K5mKEm5kne63ZGyVHeW7bzYFpFmyhCgvK
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to earn bitcoin fast you have to work hard as no one will give his coins for you for free.
one of the most profitable ways is altcoins trading. although it is so risky but it is possible to double your btc in one trade only and in few hours. but you have first to choose a trustworthy exchange which has great reputation.
trade good enough, we can minimize the risk by buying coins that have been reliable as ETH CLAM or LTC but it cannot ensure for a profit, you should be smart in buying, Trade is good for earning bitcoin fast if you're smart, None of the altcoin or bitcoin are reliable. LTC is just a clone of bitcoin. Eth has big ICO, even though it offers some new features. |
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Is something brewing for Ethereum? This coin have been steadily climbing upwards since it fell below 0.0019. Hopefully, 2016 will be a good year for Ethereum unlike last year where ICO holders cashed out.
Yes, the rise is quite steady and with slow pace. The whales are quite experience. They are accumulating without moving the price. lol you need them to CARE about eth first.... Do you mean the market cap is too small for the whales? Eth has about $70 market cap, and is the third largest PoW coin. |
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You are right. There is a chance that this will happen. I just really doubt it. There is a very small chance it will happen. I think the max Bitcoin will reach is $10,000.
I agree, and even i think that reaching this amount $10k is not easy and may be need few years to happen if it's possible of course. But i don't think that bitcoin's price will reach $11M it's likely very hard to happen If the bitcoin becomes a reserve currency, the price will reach $11m eventually. The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin. |
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I think nobody will lend you without collateral. But your account is worth more than 0.006 bitcoin. So that could be a collateral.
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