Interesting! It is unfortunate that PSB just gave up. What's the name of this new country coin? I came across one the other day but forgot its name... Pesocoin? Would love to get free airdrops!!! When will the project start? Count me in!!!

Nakakawindang talaga ang withdrawal fees sa mga exchanges ngayon. Damang dama talaga sa taas ng rate! Dati 0.001 ang withdrawal fee pero kamakailan lang, tumaas na sa 0.002 at kung magcalculate ng equivalent sa pera natin, aba, tumataginting na 1,105 pesos ang halaga! Kung malaki-laki ang halaga ng btc na ita-transfer mo, walang problema ang fee na yan. Pero kung 0.002 lang ang btc mo, tapos yan pa ang halaga ng withdrawal fee sa exchange, ibig bang sabihin yung tira na lang dun ang makukuha mo or may paraan para mag adjust ng withdrawal fee sa pinaka mababang possible? Tutal kumita na yung exchange dun sa trading fees di ba?

So what can be done to keep cryptocurrency decentralized and still be able to process thousands of transactions per second? Perhaps bitcoin developers are finding solutions and just taking things a step at a time? After all, nothing can be perfected after only a few tries.... after segwit and the lightning network, devs will come out with a new technology that will make it possible to deal with large transactions per second just like Visa.....

there's a certain amount that you can transfer to your account. if you, for instance, have 2 bitcoins, where 1 bitcoin is approximately 10,653.53 usd on kraken, and if you're from my country, 10k usd is like a half a million in my local currency. you can't move that amount into your account unless your account has been receiving large sums in the past. but if you suddenly receive that large an amount, bank authorities  and the anti money laundering council will be alerted by the transfer. you'll be notified and likely, interviewed.

each country's laundering council are probably following transfer thresholds and if you breach that threshold, prepare for a call or a visit or something to that effect.

the trick then is to not move large amounts that your account is not accustomed to receive. keep your bitcoins and cash out only an amount that you need. you can use coins.ph if we're kababayans where you can convert to our local currency within the app. send to your bank account certain amounts so you're still in control of your finances without having the anti-money laundering council and the people for internal revenue chasing after your fortune.

Many people are against bitcoin because they are influenced by those who oppose decentralization and are pro-regulation.

Traditional businessmen and women, bankers, old oligarchs who are ignorant of cryptofinance, and some government leaders are afraid of losing control of how money flows and so, they spread fud about bitcoin in the news. Some people listen and spread the same fud, not caring to deal with their ignorance and seize the amazing opportunity offered to them. Very little listen and allow themselves to learn possibiities in the cryptoverse... like this bit of news for example: http://business.inquirer.net/241672/filipinos-warned-vs-bitcoins-cryptocurrencies

I agree. No signs or news that'll negatively impact bitcoin price. CNN Money even reports that the current bitcoin rally shows no signs of slowing (http://money.cnn.com/2017/11/28/investing/bitcoin-hits-10k/index.html)

Asset managers (who may or may not be on bitcoin) are saying that after the surge, a large dip may follow (https://www.bloomberg.com/news/articles/2017-11-29/what-bitcoin-watchers-are-saying-after-the-surge-past-10-000) so it's wise to be ready with whatever happens

some are hinting of a looming crash, while some don't think that it'll go that far. it's really up to your own conviction. sell up and take your gains or wait up for the ultimate peak. just remember to be prepared to lose that amount you're willing to lose.

i'm actually both anxious and confident (lol) about bitcoin's milestone. and i'm thinking that there certainly will be a price correction - but not an outrageous crash - unless a really unpleasant news jars the crypto economy.... if anything like that happens, cryptocurrency - not just bitcoin, might lose credibility.

Basically, it's because of demand. What fuels the demand for bitcoin is the proposed CME futures contract and media coverage. So those that are drawn by media coverage don't really want to miss out on prospective profits and are thus buying in on bitcoin.

I can't seem to find my previous reply in this thread but just to update or modify, bitcoin can't make banks disappear. What bitcoin can do is change the way bankers see bitcoin and prepare for adoption. Here in my country, one local commercial bank has already expressed on national television that it is gearing up for digital banking and is embracing cryptocurrency into their fold. So it won't be long until other banks follow suit.

some say it'll go up 12-14k this december. there could be dips but will probably consolidate in the 11-12k range before breaking towards 14k?

That's good news! It's about time that LTC makes a new milestone with its price. But the price of most alts are soaring because bitcoin price is soaring. If ltc is able to reach new record highs with its bitcoin value then that would be better news, i think 

hmmm... who can destroy bitcoin? probably the devs, the miners, and some genius out there who can render bitcoin's programming language obsolete, i think, can destroy bitcoin. but if the devs are diligent enough to prevent that from happening with updates and improvements to bitcoin then perhaps, it'll never happen -- right? I'm just guessing. Anyway, the miners will have their part too. If they -- all of a sudden, abandon bitcoin for some other asset more profitable for them, that can could spell danger too.... still i'm just guessing and praying that it will never get to that.

Interesting question. Calls for experimentation. If you have 500k toa and you have two computers, split them 250k in two different wallets and stake them at the same time. My guess is that you'll probably get more gains from staking - just that you'll receive your stakes at different intervals. That's just my guess. But if you'd do the experiment, maybe compare with a friend who has the same toa amount as yours only that he keeps his in a single wallet and then compare results.... would you have gained more, or get the same result given a certain time period?

1. No, it's not the end of bitcoin. It's just warming up. Recent news just stated that "options exchange CBOE has released early specifications for its planned bitcoin futures product" (coindesk news); and "CME Group Inc, the world's biggest futures exchange, plans to launch a futures contract for bitcoin" (coindesk, reuters).

2. You can't tell how much yet. So at this point you can't say most would.

3. It already has recovered and is currently consolidating in the $8000-8,300 range. Maybe we'll see a breakout upwards, soon  

Author said "first known attempt" and were referred to as smart cards that work like prepaid electronic cards. That's not cryptocurrency.

David Chaum's DigiCash could have been a form of cryptocurrency but it was unsuccessful, so, you still can't refer to it as the first real cryptocurrency prior to bitcoin. Those that followed weren't cryptocurrencies -- paypal, is a medium for money transfers. Although bitcoin can also be used as means to transfer money, it's much more than that.

Although I agree with the author that bitcoin was birthed out of the ideas and failures of cypherpunks and it was Satoshi Nakamoto's bitcoin that succeeded. Still that doesn't make bitcoin an altcoin. Bitcoin is the bitcoin, the first successful cryptocurrency and any alternative to bitcoin is referred to as an altcoin. So how can bitcoin be an altcoin? It can't be an alternative to itself, you know  

Biggest regret was not hodling it back in 2015 when price was just around the $200-$250 range! Back then I had a hundred bitcoins and now.... ugh   but I realized I shouldn't despair. Still have some btc in my wallet and some very good performing alts kept. So I'll still have some btc just parked in the alts  

I use my btc to buy other crypto assets. Other than that, nothing as there aren't that much items on sale that I'm actually interested in or anything of use to me that will accept btc as payment. I have a shop that accepts bitcoin as payment but thus far, none have used it probably because people in my area are not yet familiar with bitcoin and other alts....

I don't think that btc will be banned. Notice that when governments speak about bitcoin, or cryptocurrencies in general, it's not all bad. They see advantages but are cautious about adopting it because of volatility, and other reasons. In fact, one bank in my country has announced on national television that cryptocurrency use and growth is inevitable and that their bank is now involved in cryptocurrency use and exchange.

Yes, did that. Thanks. Guess will just have to wait re their decision about btg.

oh come on... you just refuse to be reasoned with and you can't provide conditions for your concept of ponzi   so who's the turd, right  

look, a ponzi scheme generates returns for older investors by acquiring new investors. that's the standard definition of a ponzi. if you think that bitcoin or altcoin is just an illusion of value, and cryptofinance is a joke then you don't understand the history money.

how do yo think the stock exchange works? in stock exchange, you purchase a certain amount of stocks at a given price. if the price dips, the value of your investment drops and you're at a loss. the price goes up, you gain - if it goes up. if it crashes, your money is gone. in exchange for the money you invest in stocks, you're given a certificate that tells you about your chosen investment. your broker and the company you bought stocks from earns from your investment. you either provide a new investment and move to a different stock. other people do the same and even encourage others to get involved in stock exchange. one gets involved in stock exchange for the money.

in foreign exchange, you invest $10,000 usd so you'll have enough tolerance for the price movements. if you play with the proper lot size and you can read the proper indicators, you can place profitable buys and sells. your $10k usd goes to the trading house/bank that'll provide you with the platform to trade foreign currencies. you place a buy or sell order and the broker earns for every buy or sell order you make. the trading house earns from the spread. your tolerance for risk drops when your losing and after placing the wrong orders, your account closes. you lose, the trading house and the broker wins. they encourage others to learn and invest in forex. one gets involved in forex to earn more money.

in insurance, may it be life, non-life, health, and variable, money from clients/investors come in. that money is invested by the insurance company in mutual funds and other asset-growing activity that will firstly benefit the insurance company and its vips. more investors are encouraged so the cycle won't stop. you'll want insurance coverage for the money.

with fiat or the paper bill and coins that you have there with you, they're prone to demonetization. the government can just decide to demonetize and in an instant the bill that you have there will be of  no value. you believe that what you have is valuable because the government says so. that is an illusion of value created sadly by the powers that be. and when they say that by this time tomorrow, its value is stripped and you're not aware of it, then you're left with just paper.

with bitcoin and the alts   connect the dots yet?