Yeah, got some parked in Havelock Investments in a fund, so just letting that accumulate in the background quietly, as I was haemorrhaging BTC with the GH amounts I had on cex.io (was almost halving nearly every fortnight!). Also considering a blog that will accept BTC along with a few others like LTC and PPC, though not sure if that will get off the ground yet.

I think it could, given that the supply of relatively cheap coins will start to dry up once the Silk Road coins are auctioned off and also that the effects of the Mt.Gox debacle seem to be waning. It would also be a matter of making sure there is an easy adoption for the not-so-hardcore users out there, be it an automated exchange app for day-to-day purchases and so on, instead of people having to mess around with first mining or exchanging them via bank transfers. If it's too hard or too much of a hassle for someone to do this, a lot of people will not bother.

TL;DR Ease of use and exchange will be the key to a 10x price increase.

I disagree. There's been a fair bit of active development with Peercoins as of late, unlike a lot of the other clone coins kicking about which seem to have just been set up as get-rich-quick schemes for a lot of people wanting to grab a slice of the pie. There is also an incentive at the moment for people to set up dedicated nodes using a Raspberry Pi called Peerbox, which will help with processing transactions quicker, which hasn't exactly happened with Litecoin et al as far as I'm aware of.

Peershares/Nubits will also help as well.

Sort of wondered for a minute if these were the Silk Road coins that are about to be auctioned and were being moved to be prepared for the auction in question. And yeah, the transaction fee for that amount is a tad ridiculously low for 200,000 odd coins.

It's going to take a while, IMO. An altcoin such as Peercoin will more likely be useful for low value, high velocity transfers, whereas Bitcoin might be more useful for high value, low-to-medium transfers, particularly due to blockchain constraints on size.

That said, we might see a movement back up once the Silk Road coins have been auctioned off.

Jamie Stevens - "The Wonder Of You (Original Mix)"

Bitcoin Address: 1BD3mkm8Sgksqf1Hd9eJf9kerDH6d71anF
Posts: 303 (inc this one)
Activity: 302
Rank: Sr. Member

Had some issues adding the code for the senior member (character limit of 2000 wasn't enough or didn't copy it right, not sure what happened there), so went with the full member one. Will try to amend a bit later on, but happy to be paid at the full member rate instead if it will be less hassle.

I see it as an interim step until more mobile wallets are available. Bitcoins are worthless if they are only hoarded rather than being used to trade with, so helping to put them to use is a good thing.

You're a fucking muppet!

I nominate Sunny King for his work on creating Peercoin and Primecoin.

Logic and market forces should have dictated that a competitor matching GHash.io in terms of services and abilities would have popped up by now. The fact that this hasn't happened and people are crying foul about a superior service being flocked to and dominating instead of the other mining pools says a fair bit about this community and Bitcoin mining in general, and of an obvious elephant in the room that no one has dared considered mentioning until now. If anything, I'm surprised some of the smaller pools that have been around for a few years haven't considered merging to counter GHash.io instead of just sitting twiddling their thumbs like they have been for the past few months everytime the hashrate on GHash.io has soared close to 50% and crying "Woe is me".

TL;DR the community has only its complacency to blame for.

Someone else like Cloudhashing or another large-scale hosted setup would start getting close enough to ensure that 51% becomes impossible for GHash.io to pull off, in conjunction with, say, some of the smaller mining pools merging to better increase the chances of them getting shares. Things will gradually move towards share or contract-style setups due to economies of scale. A third or fourth pool of a similar size to both would in effect be increased insurance of the chance of 51% ever occurring.

TL;DR, the odds will shrink in the future of a 51% attack occurring through consolidation and competing services.

Yeah, might even allow for merchants who were hesitant about allowing BTC to be used to pay for goods to enable the option to do so. That'll be the main positive effect, IMO.

http://www.abc.net.au/news/2014-06-10/australian-tax-office-release-new-rules-on-bitcoin-transactions/5511624

Some guidelines on digital currencies with regards to taxation to appear by the end of the month. They've been mulling it over for a few years, so hopefully they'll be reasonable and balanced.

Studying full time at the moment, but would keep going until I finished. I'd use the excess of my funds (after spending the rest to get myself set up for life, namely clearing debts and buying a house and property outright) to invest in different things and fund the R&D side of a few ideas I have for outside the crypto world.

Wouldn't sit idle, that's for certain.

All of the bogans heading there might get a bit too easily confused as to how to utilise Bitcoin in the first place. Which might be good as they might bugger off to Thailand or Lombok instead.

Because like copy-and-paste altcoin clones, they get more annoying as time goes on and people just seem to start them up on a whim without checking to see if an existing thread can meet the same purpose that the new thread would have doubled up on otherwise.

Russia will probably start selling their gas and oil to China instead if the EU impose sanctions on gas supplies, as the Chinese don't seem to be in a particular hurry to introduce sanctions. So if they haven't already, they might start building a couple of pipelines into China near Harbin (one for gas, one for oil) and get their income from that instead. Aside from that, this might force the EU to ramp up energy efficiency measures in its constituent member states to counter a contraction of gas supplies that would result from this, and also increase the price of gas supplies from the North Sea and Norway in turn. The US would be eyeing off possible export deals for their shale gas, and possibly Australia as well if their LNG exports to China and the US decline as a result.

Plenty of ways things could play out, depending on key decisions.

My list:

The Boss:
Bitcoin

The Mid Bosses:
Litecoin
Devcoin
Peercoin
Namecoin

The Try Hards:
Primecoin
Worldcoin
Earthcoin
Goldcoin

Wouldn't really waste my time with any others at this stage, IMO.

Because Bitcoin is getting to a point where mining it is getting cost-prohibitive and still has an active development team, compared to the five hundred million alts that have followed since and is getting listed on more exchanges, particularly Chinese ones. I'm also starting to get to a point of getting fatigued by trying to keep up with that many clone coins, I'm choosing to just focus on Peercoin instead of wasting time and energy trying to mine new ones. That and I can't be fucked messing around with my pi miner controlling the ASICs I've got pointed at it.

Either way, go to peercointalk and judge for yourself if it is a dying coin or not.