But I have read that the zcash team will require 8GB of RAM to to prevent botnets from taking over. I have no experience in mining so I do not know what the effect of more RAM is in mining.

Can you care to explain this more?

For only $200 it is better to keep it. Find a job that will make you earn fiat and buy bitcoins with it. Also I advice that if you want to buy bitcoins with your fiat savings always wait for a better price for bitcoins. Like right now it is going down. Wait for the bottom and then buy.

I was thinking that every bitcoiner wants a world without fiat, only bitcoins. Ok, if there was no fiat whatsoever, then where do you think will bitcoin base its value? Will it be in gold? But how much?

How do we determine the real value measure of bitcoin in an economy that has been very dependent on fiat?

It will go down more below $600. But do not see this as bad. It is actually good because more and more buyers will become interested again. Right now this is a seller's market. The price is high and there are not enough buyers or demand to bring bitcoin further up.

We have never seen any panic dumps that have resulted in the obliteration of bitcoin. I don't think it will be the end of the world. It is actually good for bitcoin to go sun $600 and stay there for a while. It needs to be accumulated by the ones who are not willing to buy at +$650.

Just as I kept on saying. BTC will go down below $600 and it will stay there for a while. No one is willing to buy it at high prices so it needs to go down and be accumulated for a while. If you are a buyer then this will be good news for you.

This is what I think also. It will be big that's why I am making research on what hardware is good for mining it. Right now it is on testnet. As I understand it is mined by CPU only. So I need help on what hardware to use.

I do not know exactly how much I have in bitcoins compared to everything I have. I can say that I have been saving 15% of my salary every month in bitcoins instead of saving it in a bank account. I have been doing this for 6 months now.

Now that it is 2 weeks after the halving we can see that it has no effect anymore. Rewards for miners are cut in half but the price remains the same. No one is speculating anymore that it will go higher and more and more people are waiting for it to go down and are placing their buy orders at lower prices. Bitcoin will go below $600 slowly and will stay there until the end of this year. So it is good to wait and buy more at lower prices.

Everyone does not know about it. Go around and ask random people if they know bitcoin, they will sure to give you a funny look like you are crazy. For my prediction I think it will go down below $600 this yeat and stay there for a while before the next pump that will make it stay above $700. No one is buying a lot at this price level and it will need to go down because the people are waiting for a bargain.

Do you know the IOS app/game called Takara? It is like Pokemon Go but instead you look for bitcoins and counterparty tokens. It has a map and everything and it is like a treadure hunt. You can drop or pick up treasure boxes if you want. If your town has many dropped treasure boxes you will know that there are people in your town into bitcoin. I am still looking for treasures in my town.

I found a fellow bitcoiner, or maybe more of a cryptocurrency enthusiast, from my town. But the funny thing is we have not met in real life. We just have common friends and I see him only here in the forum. I knew it was him because my friend told me his screen name here at BCT.

Thanks for the assistance. What I am planning to test mining on is https://z.cash/

Right now I think it can be mined only be CPU. They have a testnet and I would like to play around with mining there. Do you think it will switch to GPU mining later once a mainnet is already set up? I have noticed that most of the POW coins started with CPU mining then GPU mining later started. I have also read that the zcash developers want it only to be mined by CPU only. Is that possible?

I see. Can you tell me in detail like what board, CPU, how many GB of RAM, etc would you recommend? That will be a really helpful start.

If a coin is mined via CPU only what set up will you recommend? Please give me all the details, specs, name of brand and also the price. Thank you very much.

Whether reversible transactions is good or bad is arguable. But the main thing to point out here is the public feels safe and secure if they have the ability to reverse their actions just in case they made a mistake. They are willing to for trust to be handled by a centralized entity just to have that feature. We as humans are used to being "baby sitted" and that is what makes us sheep with our overlords "watching" over us to keep us "safe" from harm.

The government sure can "regulate" it. But regulation and control are two different animals. They can say "you cannot do this or that" but all they are doing is pushing it to the underground. The more they push it there the more will it be harder to regulate. The black market would welcome this with open arms. So the government better study it thoroughly before those clueless politicians make laws to "regulate" bitcoin.

I would think that the actual number of people using bitcoin is falling. It is being viewed more as a way to invest fiat to profit in even more fiat. So for most people outside this community is a commodity not a currency. If bitcoin is to be a currency and have growth in everyday usage then have salaries given in bitcoin. The bitcoin entrepreneurs have this responsibility. I believe blockchain.io give their employees bitcoins for the salaries. Others should follow.

If you mean "lost" = lose in gambling, yes. I have lost little amounts in gambling from time to time. They add up and realize that all that money was wasted for a few cheap thrills.

I refuse to use the services of the ones who were behind the Gavin fork. I think Coinbase's CEO was one of them who was pushing for XT. That move was driven by self interests, their hidden agenda and a total lack of concern for the bitcoin community.