velf
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July 25, 2016, 01:54:22 AM |
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Bitcoin is money, it just has all the infrastructure ( Fraud checking and storage etc. ) already built in and only exists digitally, you just have a bunch of people who Bitcoin threatens denying everything and openly refusing to class it as money.
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ovvidiy
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August 07, 2016, 07:20:49 PM |
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Bitcoin is money, it just has all the infrastructure ( Fraud checking and storage etc. ) already built in and only exists digitally, you just have a bunch of people who Bitcoin threatens denying everything and openly refusing to class it as money.
Again everything seems to panic. I never thought bitcoin money. But the means of production for the money, it bitcoin at the time. Buy items can be in any currency and to other currency was you, mining bitcoin and translated into real money. And then you will not have to worry about any infrastructure for Stay problems with the law.
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elyas772
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August 08, 2016, 02:05:42 AM |
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Infrastructure for bitcoin generated from mining and we need a device that is not cheap. maybe in future after bitcoin can't be mining, the miner will mining other altcoin and payout in bitcoin like a multipool.
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lotfiuser
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August 13, 2016, 05:23:37 PM |
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bitcion isnt good for invest cuz its all about marketplace mif big investor sell his coins for low the price wil drop as all others will sell and he buys again sorry for my english i with you got my point
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Free palestine
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aminorex
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Sine secretum non libertas
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August 16, 2016, 12:00:24 AM |
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bitcion isnt good for invest cuz its all about marketplace mif big investor sell his coins for low the price wil drop as all others will sell and he buys again sorry for my english i with you got my point
That is more a statement about your risk tolerance than about the merit or demerit of bitcoin as an investment. Anyhow, there are few large investors who can move the markets to a reset these days, and they are generally disinclined to sell at a discount. I would suggest that mass movements resulting from, e.g. policy actions, are a more significant source of down-side reset risk.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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KiboPlatform
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August 19, 2016, 01:39:26 PM |
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bitcion isnt good for invest cuz its all about marketplace mif big investor sell his coins for low the price wil drop as all others will sell and he buys again sorry for my english i with you got my point
Bitcoin is a great way to invest, because there are limited amount of it. There is no inflation, conversely, the price goes up.
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jvper
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August 26, 2016, 04:20:35 PM |
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Inflation is bitcoin supply is quite high, and will increase for the next years to come. Supply of money is also a matter of velocity, or speed, of money flows. Keep that in mind.
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deisik
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August 27, 2016, 09:57:35 AM Last edit: August 27, 2016, 10:26:38 AM by deisik |
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Inflation is bitcoin supply is quite high, and will increase for the next years to come. Supply of money is also a matter of velocity, or speed, of money flows. Keep that in mind.
It seems that you are missing something (or just got something wrong). The inflation of bitcoin supply (personally, I would prefer to use the term "growth" to avoid ambiguity) in no way can increase in the coming years since it is constant for the next 4 years, and then it will be half as much after the halving in 2020. Supply of money is also irrelevant of the velocity of money. Here you obviously confuse the price inflation (which does depend on the latter) with the former... Which in case of Bitcoin is fixed by the Bitcoin generation algorithm (so-called controlled supply) and equals 16.(6)% for the next 4 years cumulatively
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jvper
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August 27, 2016, 08:28:26 PM |
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Inflation is bitcoin supply is quite high, and will increase for the next years to come. Supply of money is also a matter of velocity, or speed, of money flows. Keep that in mind.
It seems that you are missing something (or just got something wrong). The inflation of bitcoin supply (personally, I would prefer to use the term "growth" to avoid ambiguity) in no way can increase in the coming years since it is constant for the next 4 years, and then it will be half as much after the halving in 2020. Supply of money is also irrelevant of the velocity of money. Here you obviously confuse the price inflation (which does depend on the latter) with the former... Which in case of Bitcoin is fixed by the Bitcoin generation algorithm (so-called controlled supply) and equals 16.(6)% for the next 4 years cumulatively You are right, I meant supply will increase, not inflation (which I agree is not a good terminology here, as we are not talking about price increase). I mean that supply of bitcoin is increasing, and the velocity of it should be increasing as well, as it changes hands (wallets) more often. The thing is: is demand increasing on the same pace as these 2? Quicker? Slower? As there is no interest rate in bitcoin wallets, we would see a shift in price.
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deisik
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August 28, 2016, 09:32:53 AM |
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Inflation is bitcoin supply is quite high, and will increase for the next years to come. Supply of money is also a matter of velocity, or speed, of money flows. Keep that in mind.
It seems that you are missing something (or just got something wrong). The inflation of bitcoin supply (personally, I would prefer to use the term "growth" to avoid ambiguity) in no way can increase in the coming years since it is constant for the next 4 years, and then it will be half as much after the halving in 2020. Supply of money is also irrelevant of the velocity of money. Here you obviously confuse the price inflation (which does depend on the latter) with the former... Which in case of Bitcoin is fixed by the Bitcoin generation algorithm (so-called controlled supply) and equals 16.(6)% for the next 4 years cumulatively You are right, I meant supply will increase, not inflation (which I agree is not a good terminology here, as we are not talking about price increase). I mean that supply of bitcoin is increasing, and the velocity of it should be increasing as well, as it changes hands (wallets) more often. The thing is: is demand increasing on the same pace as these 2? Quicker? Slower? As there is no interest rate in bitcoin wallets, we would see a shift in price. If you mean market supply (i.e. amount of coins offered for selling), the price would go down indeed if it increases (provided there is no change in demand). But where did you get this idea from, namely, that the market supply (as well as velocity) is going to surge? I mean the increase beyond and above what is set by the Bitcoin generation algorithm
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deisik
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August 31, 2016, 09:04:26 AM |
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Human meddling can take place. As long as the majority of miners agree to change how bitcoin is mined, then bitcoin can change. This is a very real possibility in the future when mining becomes less profitable. I suspect the 21mil limit will be removed at some point. But other changes may be necessary to prevent the 51% consolidation problem.
Removing the 21M cap is equal to canceling of halving. When I started a thread just about that (long before the recent halving occurred), the consensus was that it would mean a hard fork essentially killing Bitcoin in less than no time... Peeps had been threatening to sell their Bitcoin stashes immediately if such decision had to be made
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painlord2k
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September 05, 2016, 03:07:58 PM |
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1) Any group or individual to suggest to remove the 21 M cap should say who get the extra coins and how. I think the people not getting the extra coins would be against it.
2) Any group or individual to suggest to remove the 21M cap (or change the inflation schedule) should convince the users to upgrade to their client (be it an HF or a SF).
3) I suspect every single vendor would contest the idea, the majority of the big stakeholders would contest the idea, even the normal users would contest the idea. Probably every miner would contest the idea (because it would depreciate immensely the coin they mine and the fees they collect).
4) If the plan would be enforced on the users in some way (with a SF using SW for example) , you would see a lot of people selling immediately their BTC for something else and/or a counter-fork being planned immediately by some other group.
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deisik
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September 12, 2016, 10:44:11 AM Last edit: September 12, 2016, 11:04:32 AM by deisik |
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1) Any group or individual to suggest to remove the 21 M cap should say who get the extra coins and how. I think the people not getting the extra coins would be against it. Removing the 21M cap would de facto mean the abandonment of future halvings. Strictly speaking, it is the primary outcome (i.e. not the cause) of this event if it should happen. If you look at it this way, your question becomes trivial to answer. Just in case, the extra coins will constitute the now constant reward that miners get for mining (i.e. their reward won't diminish due to now cancelled halvings). Are people against miners getting their reward today? Why would they, en masse, be if this reward remains the same in the future?
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NoculaR
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September 18, 2016, 10:00:01 PM |
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Better off just switching to a different coin like Mintcoin (MINT) that doesn't have a cap but is limited to 5% new coins per year.
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deisik
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September 19, 2016, 07:47:10 AM Last edit: September 19, 2016, 08:27:29 AM by deisik |
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Better off just switching to a different coin like Mintcoin (MINT) that doesn't have a cap but is limited to 5% new coins per year.
Dogecoin has been sticking around for quite a few years already, and its monetary inflation is also capped in relative terms (while its transactions are as fast as a lightning). So I think it is a far better choice than some new kid on the block, which will most certainly disappear in a matter of a few months... How many new coins made it through their first year?
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Shiroslullaby
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September 23, 2016, 05:26:18 AM |
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How many new coins made it through their first year?
The altcoin market is funny, and I have no idea how anyone can trade these coins. If you look at exchanges, they de-list ten or twenty coins a couple times a month. 99% of coins are some pump and dump scheme. Its actually amazing when any coin actually gains traction IMO.
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STT
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September 29, 2016, 12:36:55 AM |
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Wider alt coin market is just ideas. Stupidly fast coin transactions in some cases, trying to capture the betting market directly on its blockchain. I believe there are stock exchanges using a blockchain if I remember rightly but its for record purposes. Nothing wrong with trying to innovate right! Congrats, you are replying to a spam bot, lol It can't be either deflationary or inflationary by definition. In both cases you are making a price prediction with which you could make a risk free profit if it held true. Whether you have to go long or short, you would in the end trade away the expectation.
I thought maybe a reference to volatility and how you can profit from expansion in an option. Ive seen Chicago traders doing such a thing but yep that is just random words, my interpretation is about as accurate as hieroglyphics on that one equals 16.(6)% for the next 4 years cumulatively Thats really not low inflation still [sorry I assumed PA, total its not as extreme], its expansionary and people shouldnt be expecting bitcoin price rises until it receives a much larger population. Alot more diverse transaction spanning populations much then just techy people is required. I keep arguing its all about ease of use and bitcoin has to be pretty instant and simple like a touchpay debit card, the banks dont want us to suceed or to steal power away from the central bank economy. Capitalism is all about competetive tendering and efficency so either bitcoin meets the mark or falls away into obscurity. At least for small amounts it should be simple as can be seconds to do, but yet we still have accidental instances of fat finger transactions - this happens in normal business by an authorised professional on a terminal at work. It should never be possible to overtip in a giant way on an irreversible transaction. We are destroying value allowing such a thing, until somebody in power on this protocol clicks on that point I expect to be disappointed in btc growth for this and other reasons. Low growth higher inflation should mean even maintaining current price is relatively optimistic. Always currency is in contrast to other currency standards (or failure to keep a standard), real value growth is in comparison to gold which relies on nobody for its standard
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deisik
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September 29, 2016, 10:10:57 AM |
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I keep arguing its all about ease of use and bitcoin has to be pretty instant and simple like a touchpay debit card, the banks dont want us to suceed or to steal power away from the central bank economy. Capitalism is all about competetive tendering and efficency so either bitcoin meets the mark or falls away into obscurity. At least for small amounts it should be simple as can be seconds to do, but yet we still have accidental instances of fat finger transactions - this happens in normal business by an authorised professional on a terminal at work. It should never be possible to overtip in a giant way on an irreversible transaction. We are destroying value allowing such a thing, until somebody in power on this protocol clicks on that point I expect to be disappointed in btc growth for this and other reasons That can hardly be challenged. But how many people are actively using desktop wallets (apart from cold storage)? I, for one, am using a Coinbase wallet, and paying with Bitcoin is, in fact, even easier for me than filling out all the required fields for making a wire transfer. You just enter the address, set down the amount, and are pretty much done with that. On the other hand, expansion of Bitcoin payment cards as of late makes the process of payment for miscellaneous daily goods virtually indistinguishable from payment with your typical Visa or Mastercard (I think this is the way to go)... And I've always been saying that adding a grace period within which the payment can be reversed is a necessity if Bitcoin aims at going mainstream
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eshaal.khan
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October 01, 2016, 08:16:53 PM |
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Wow its such a good explanation about BTC in terms of inflation and deflation. a general increase in prices and fall in the purchasing value of money is called inflation but bitcoin we use only in online system than how we know that price id less or greater .
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