ChartBuddy
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June 05, 2015, 07:57:22 PM |
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xingming
Sr. Member
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Activity: 322
Merit: 250
Writing to dispel society's myths.
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June 05, 2015, 08:50:30 PM |
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Interesting article here about how the 'real' speed of the network is actually on 2.8TPS due to increased complexity of transactions due to mixing if I understand it correctly the average bitcoin transaction data size has grown to roughly 600 bytes. This is largely a result of increasingly complex transactions, often using multiple inputs and outputs. Consequently, that means the bitcoin network can actually handle a sustained rate of roughly 2.8 TPS or roughly 240K per day – far less than commonly assumed https://tradeblock.com/blog/bitcoin-network-capacity-analysis-part-2-macro-transaction-trendsBlocksize increase anyone ? I think that there's a new Supercomputer being build in New Mexico that speed up the Network too , As a miner I won't consider this as a good Idea because the difficulty increase too ! Well the price might growth as I think , and this won't be good for the new bitcoiners too Good luck , Xing Ming .
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Zombie123
Legendary
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Activity: 868
Merit: 1000
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June 05, 2015, 08:53:46 PM |
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We have many new players coming to bitcoin all the time in the form of retailers, traders and miners mostly. Yes, the "miners" portion is probably slowing down a little bit but they are still coming. I see newbies in the mining threads all the time asking questions about mining. The new one's who come along pick up the slack of any oldies who may have left bitcoin behind. Especially, the newbies to trading bitcoin.
We are still very early in the game for bitcoin. It's a new technology to most; much like the internet and email was to most when it first came out. These things take time. So, be patient and let the blockchain work things out.
We have many venture capital groups who have invested a lot of money into the technology of the blockchain. Many user friendly apps for financial institutions will be coming out soon and will change the way billions in the world live their daily lives. Many here may give up on bitcoin for lack of patience. However, I know billions on this earth who have yet to even hear of it who will gladly accept it with open arms and give it the support it needs in great numbers. There is strength in numbers.
As people in other parts of the world come into the fold of technology with smart phones and the like, we will see a increased enthusiasm for bitcoin - the application. As other applications are created and used on the blockchain [with a relative ease and security] news will go around about the blockchain. Bitcoin is not the blockchain. The blockchain is bitcoin. The blockchain is more than just bitcoin. The blockchain is MANY things we have yet to see, but will see in time that will change the way we do many things in the future.
So, be patient... The future is here... It only needs a little time to play out. In June of 2007 (eight years ago on June 29) we had the iPhone or the term, "smart phone." That was only 8 years ago, people. Nobody ever heard the term, "Smart phone" until eight years ago. Eight years is only a blink of an eye. The "drama" in the price of bitcoin fluctuation is what it is - "drama." We haven't had eight years yet with bitcoin.
Do not fret! Bitcoin (the app) will have it's day of recompense. We just need to be patient and wait on the many other things the blockchain can do. It's all about "the blockchain." Not bitcoin! Bitcoin, is only an application on the blockchain. Be patient and watch how many other apps created using "the blockchain" technology changes the world. THEN, you will see a change for the better in how the rest of the world values any other applications, such as bitcoin, using the blockchain technology.
All this talk of saying, "If the price goes below this amount, it's over." I feel the price of bitcoin is directly related to the value of "the blockchain." If the blockchain does well, then most any application using the blockchain will do well; as long as it's user friendly. We are making progress in leaps and bounds with "user friendliness" ever since the blockchain and bitcoin first came out. Give it time folks. The blockchain and and it's apps [Including Bitcoin] will do wonders for mankind the same way the internet has. Just give it time.
Those who give up on it will lose in the end for their lack of patience. Six years is but a fart in the wind in view of time and how technology changes. As more time passes, we will see great strides in the blockchain and many user friendly apps using the blockchain technology; including bitcoin.
David
One of my favorite replies so far here at the forum. This is one of the very few sane posts on this thread and infact in the forum. Its all about blockchain.. bitcoin is just a tiny part of it. This is just the beginning of something great just wait and watch
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 05, 2015, 08:57:25 PM |
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Fakhoury
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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June 05, 2015, 09:01:16 PM |
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We have many new players coming to bitcoin all the time in the form of retailers, traders and miners mostly. Yes, the "miners" portion is probably slowing down a little bit but they are still coming. I see newbies in the mining threads all the time asking questions about mining. The new one's who come along pick up the slack of any oldies who may have left bitcoin behind. Especially, the newbies to trading bitcoin.
We are still very early in the game for bitcoin. It's a new technology to most; much like the internet and email was to most when it first came out. These things take time. So, be patient and let the blockchain work things out.
We have many venture capital groups who have invested a lot of money into the technology of the blockchain. Many user friendly apps for financial institutions will be coming out soon and will change the way billions in the world live their daily lives. Many here may give up on bitcoin for lack of patience. However, I know billions on this earth who have yet to even hear of it who will gladly accept it with open arms and give it the support it needs in great numbers. There is strength in numbers.
As people in other parts of the world come into the fold of technology with smart phones and the like, we will see a increased enthusiasm for bitcoin - the application. As other applications are created and used on the blockchain [with a relative ease and security] news will go around about the blockchain. Bitcoin is not the blockchain. The blockchain is bitcoin. The blockchain is more than just bitcoin. The blockchain is MANY things we have yet to see, but will see in time that will change the way we do many things in the future.
So, be patient... The future is here... It only needs a little time to play out. In June of 2007 (eight years ago on June 29) we had the iPhone or the term, "smart phone." That was only 8 years ago, people. Nobody ever heard the term, "Smart phone" until eight years ago. Eight years is only a blink of an eye. The "drama" in the price of bitcoin fluctuation is what it is - "drama." We haven't had eight years yet with bitcoin.
Do not fret! Bitcoin (the app) will have it's day of recompense. We just need to be patient and wait on the many other things the blockchain can do. It's all about "the blockchain." Not bitcoin! Bitcoin, is only an application on the blockchain. Be patient and watch how many other apps created using "the blockchain" technology changes the world. THEN, you will see a change for the better in how the rest of the world values any other applications, such as bitcoin, using the blockchain technology.
All this talk of saying, "If the price goes below this amount, it's over." I feel the price of bitcoin is directly related to the value of "the blockchain." If the blockchain does well, then most any application using the blockchain will do well; as long as it's user friendly. We are making progress in leaps and bounds with "user friendliness" ever since the blockchain and bitcoin first came out. Give it time folks. The blockchain and and it's apps [Including Bitcoin] will do wonders for mankind the same way the internet has. Just give it time.
Those who give up on it will lose in the end for their lack of patience. Six years is but a fart in the wind in view of time and how technology changes. As more time passes, we will see great strides in the blockchain and many user friendly apps using the blockchain technology; including bitcoin.
David
One of my favorite replies so far here at the forum. This is one of the very few sane posts on this thread and infact in the forum. Its all about blockchain.. bitcoin is just a tiny part of it. This is just the beginning of something great just wait and watch I always feel happy to see Bullish fans around. High five mate
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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June 05, 2015, 09:06:51 PM |
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We have many new players coming to bitcoin all the time in the form of retailers, traders and miners mostly. Yes, the "miners" portion is probably slowing down a little bit but they are still coming. I see newbies in the mining threads all the time asking questions about mining. The new one's who come along pick up the slack of any oldies who may have left bitcoin behind. Especially, the newbies to trading bitcoin.
We are still very early in the game for bitcoin. It's a new technology to most; much like the internet and email was to most when it first came out. These things take time. So, be patient and let the blockchain work things out.
We have many venture capital groups who have invested a lot of money into the technology of the blockchain. Many user friendly apps for financial institutions will be coming out soon and will change the way billions in the world live their daily lives. Many here may give up on bitcoin for lack of patience. However, I know billions on this earth who have yet to even hear of it who will gladly accept it with open arms and give it the support it needs in great numbers. There is strength in numbers.
As people in other parts of the world come into the fold of technology with smart phones and the like, we will see a increased enthusiasm for bitcoin - the application. As other applications are created and used on the blockchain [with a relative ease and security] news will go around about the blockchain. Bitcoin is not the blockchain. The blockchain is bitcoin. The blockchain is more than just bitcoin. The blockchain is MANY things we have yet to see, but will see in time that will change the way we do many things in the future.
So, be patient... The future is here... It only needs a little time to play out. In June of 2007 (eight years ago on June 29) we had the iPhone or the term, "smart phone." That was only 8 years ago, people. Nobody ever heard the term, "Smart phone" until eight years ago. Eight years is only a blink of an eye. The "drama" in the price of bitcoin fluctuation is what it is - "drama." We haven't had eight years yet with bitcoin.
Do not fret! Bitcoin (the app) will have it's day of recompense. We just need to be patient and wait on the many other things the blockchain can do. It's all about "the blockchain." Not bitcoin! Bitcoin, is only an application on the blockchain. Be patient and watch how many other apps created using "the blockchain" technology changes the world. THEN, you will see a change for the better in how the rest of the world values any other applications, such as bitcoin, using the blockchain technology.
All this talk of saying, "If the price goes below this amount, it's over." I feel the price of bitcoin is directly related to the value of "the blockchain." If the blockchain does well, then most any application using the blockchain will do well; as long as it's user friendly. We are making progress in leaps and bounds with "user friendliness" ever since the blockchain and bitcoin first came out. Give it time folks. The blockchain and and it's apps [Including Bitcoin] will do wonders for mankind the same way the internet has. Just give it time.
Those who give up on it will lose in the end for their lack of patience. Six years is but a fart in the wind in view of time and how technology changes. As more time passes, we will see great strides in the blockchain and many user friendly apps using the blockchain technology; including bitcoin.
David
One of my favorite replies so far here at the forum. This is one of the very few sane posts on this thread and infact in the forum. Its all about blockchain.. bitcoin is just a tiny part of it. This is just the beginning of something great just wait and watch
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Fakhoury
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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June 05, 2015, 09:12:57 PM |
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We have many new players coming to bitcoin all the time in the form of retailers, traders and miners mostly. Yes, the "miners" portion is probably slowing down a little bit but they are still coming. I see newbies in the mining threads all the time asking questions about mining. The new one's who come along pick up the slack of any oldies who may have left bitcoin behind. Especially, the newbies to trading bitcoin.
We are still very early in the game for bitcoin. It's a new technology to most; much like the internet and email was to most when it first came out. These things take time. So, be patient and let the blockchain work things out.
We have many venture capital groups who have invested a lot of money into the technology of the blockchain. Many user friendly apps for financial institutions will be coming out soon and will change the way billions in the world live their daily lives. Many here may give up on bitcoin for lack of patience. However, I know billions on this earth who have yet to even hear of it who will gladly accept it with open arms and give it the support it needs in great numbers. There is strength in numbers.
As people in other parts of the world come into the fold of technology with smart phones and the like, we will see a increased enthusiasm for bitcoin - the application. As other applications are created and used on the blockchain [with a relative ease and security] news will go around about the blockchain. Bitcoin is not the blockchain. The blockchain is bitcoin. The blockchain is more than just bitcoin. The blockchain is MANY things we have yet to see, but will see in time that will change the way we do many things in the future.
So, be patient... The future is here... It only needs a little time to play out. In June of 2007 (eight years ago on June 29) we had the iPhone or the term, "smart phone." That was only 8 years ago, people. Nobody ever heard the term, "Smart phone" until eight years ago. Eight years is only a blink of an eye. The "drama" in the price of bitcoin fluctuation is what it is - "drama." We haven't had eight years yet with bitcoin.
Do not fret! Bitcoin (the app) will have it's day of recompense. We just need to be patient and wait on the many other things the blockchain can do. It's all about "the blockchain." Not bitcoin! Bitcoin, is only an application on the blockchain. Be patient and watch how many other apps created using "the blockchain" technology changes the world. THEN, you will see a change for the better in how the rest of the world values any other applications, such as bitcoin, using the blockchain technology.
All this talk of saying, "If the price goes below this amount, it's over." I feel the price of bitcoin is directly related to the value of "the blockchain." If the blockchain does well, then most any application using the blockchain will do well; as long as it's user friendly. We are making progress in leaps and bounds with "user friendliness" ever since the blockchain and bitcoin first came out. Give it time folks. The blockchain and and it's apps [Including Bitcoin] will do wonders for mankind the same way the internet has. Just give it time.
Those who give up on it will lose in the end for their lack of patience. Six years is but a fart in the wind in view of time and how technology changes. As more time passes, we will see great strides in the blockchain and many user friendly apps using the blockchain technology; including bitcoin.
David
One of my favorite replies so far here at the forum. This is one of the very few sane posts on this thread and infact in the forum. Its all about blockchain.. bitcoin is just a tiny part of it. This is just the beginning of something great just wait and watch I liked your signature bro lol
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Cconvert2G36
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June 05, 2015, 09:31:17 PM |
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We have many new players coming to bitcoin all the time in the form of retailers, traders and miners mostly. Yes, the "miners" portion is probably slowing down a little bit but they are still coming. I see newbies in the mining threads all the time asking questions about mining. The new one's who come along pick up the slack of any oldies who may have left bitcoin behind. Especially, the newbies to trading bitcoin.
We are still very early in the game for bitcoin. It's a new technology to most; much like the internet and email was to most when it first came out. These things take time. So, be patient and let the blockchain work things out.
We have many venture capital groups who have invested a lot of money into the technology of the blockchain. Many user friendly apps for financial institutions will be coming out soon and will change the way billions in the world live their daily lives. Many here may give up on bitcoin for lack of patience. However, I know billions on this earth who have yet to even hear of it who will gladly accept it with open arms and give it the support it needs in great numbers. There is strength in numbers.
As people in other parts of the world come into the fold of technology with smart phones and the like, we will see a increased enthusiasm for bitcoin - the application. As other applications are created and used on the blockchain [with a relative ease and security] news will go around about the blockchain. Bitcoin is not the blockchain. The blockchain is bitcoin. The blockchain is more than just bitcoin. The blockchain is MANY things we have yet to see, but will see in time that will change the way we do many things in the future.
So, be patient... The future is here... It only needs a little time to play out. In June of 2007 (eight years ago on June 29) we had the iPhone or the term, "smart phone." That was only 8 years ago, people. Nobody ever heard the term, "Smart phone" until eight years ago. Eight years is only a blink of an eye. The "drama" in the price of bitcoin fluctuation is what it is - "drama." We haven't had eight years yet with bitcoin.
Do not fret! Bitcoin (the app) will have it's day of recompense. We just need to be patient and wait on the many other things the blockchain can do. It's all about "the blockchain." Not bitcoin! Bitcoin, is only an application on the blockchain. Be patient and watch how many other apps created using "the blockchain" technology changes the world. THEN, you will see a change for the better in how the rest of the world values any other applications, such as bitcoin, using the blockchain technology.
All this talk of saying, "If the price goes below this amount, it's over." I feel the price of bitcoin is directly related to the value of "the blockchain." If the blockchain does well, then most any application using the blockchain will do well; as long as it's user friendly. We are making progress in leaps and bounds with "user friendliness" ever since the blockchain and bitcoin first came out. Give it time folks. The blockchain and and it's apps [Including Bitcoin] will do wonders for mankind the same way the internet has. Just give it time.
Those who give up on it will lose in the end for their lack of patience. Six years is but a fart in the wind in view of time and how technology changes. As more time passes, we will see great strides in the blockchain and many user friendly apps using the blockchain technology; including bitcoin.
David
One of my favorite replies so far here at the forum. This is one of the very few sane posts on this thread and infact in the forum. Its all about blockchain.. bitcoin is just a tiny part of it. This is just the beginning of something great just wait and watch I liked your signature bro lol
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alesx.onfire
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June 05, 2015, 09:37:36 PM |
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Dumpity dumpity dump?
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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June 05, 2015, 09:43:40 PM |
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I'm watching, and in terms of overextended unwarranted self importance that has been the highlight of my day. A nice hahaha, unlike this here. Thank satoshi I was not eating.
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 05, 2015, 09:44:21 PM |
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Dumpity dumpity dump?
Where?
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ChartBuddy
Legendary
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 05, 2015, 09:57:23 PM |
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ChartBuddy
Legendary
Offline
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 05, 2015, 10:57:23 PM |
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cyclotronmajesty
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June 05, 2015, 11:26:26 PM |
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Awww where did it go? That was funny! Did moderators take down the South Park post alluding to the cointelegraph article? Comon guys... so sensitive...
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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June 05, 2015, 11:29:11 PM |
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Awww where did it go? That was funny! Did moderators take down the South Park post alluding to the cointelegraph article? Comon guys... so sensitive... I doubt even the post alluding to the South Park post alluding to the Cointelegraph article is safe.
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ChartBuddy
Legendary
Offline
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 05, 2015, 11:57:22 PM |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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June 06, 2015, 12:14:34 AM |
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No place does a $5 wrench quite like Brooklyn
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Cconvert2G36
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June 06, 2015, 12:25:10 AM |
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No place does a $5 wrench quite like Brooklyn I'm sure the mark that was lifted of his Panerai in a craigslist deal gone bad today is miffed about the lack of media attention.
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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June 06, 2015, 12:38:03 AM |
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bullish ! Much interest from robbers !
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ChartBuddy
Legendary
Offline
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 06, 2015, 12:57:22 AM |
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