Le Happy Merchant (OP)
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October 28, 2013, 07:08:05 AM |
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As of October the 27th, the new all time high is $500. And nobody noticed.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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MAbtc
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October 28, 2013, 07:32:58 AM |
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Local bitcoins? Can we confirm that trades actually occurred at those levels? I'm not sure how that works, never used it.
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steelboy
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October 28, 2013, 07:38:31 AM |
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Not massively reliable. Theoretically you could make a sell offer at $1000000 per bitcoin then open another account and buy 0.0000001BTC for $1.
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somestranger
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October 29, 2013, 01:33:35 AM |
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This is a worthless figure.
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yuvadm
Newbie
Offline
Activity: 43
Merit: 0
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October 29, 2013, 08:18:37 AM |
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Look at the top bar - it's a trade on localBTC
Of course someone could've traded locally at $500, even if that's a pretty hefty premium.
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TERA
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October 29, 2013, 05:33:44 PM |
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Its meaningless because localbtc is a bartering directory, not an exchange. There are no bids and asks that the price has to go through to reach a certain level. Anyone can trade with anyone else at any price at any time.
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theonewhowaskazu
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October 29, 2013, 05:40:29 PM |
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Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.
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joesmoe2012
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October 29, 2013, 05:41:36 PM |
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Also could just be people messing around. Nothing prevents me from creating 2 accounts and selling myself .001 BTC for $100 or whatever.
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steelboy
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October 29, 2013, 05:51:28 PM |
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Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.
Can you explain this please? I didn't know you could break a paper wallet
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silverbox
Legendary
Offline
Activity: 966
Merit: 1003
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October 29, 2013, 06:10:46 PM |
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Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.
Can you explain this please? I didn't know you could break a paper wallet Like breaking a 100 dollar bill.. To get into a paperwallet requires you to put the public address and private key into wallet software to make a transaction on the network. Thus the paperwallets security has been comprimsed to use some of the BTC in it.
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steelboy
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October 29, 2013, 06:12:16 PM |
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Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.
Can you explain this please? I didn't know you could break a paper wallet Like breaking a 100 dollar bill.. To get into a paperwallet requires you to put the public address and private key into wallet software to make a transaction on the network. Thus the paperwallets security has been comprimsed to use some of the BTC in it. Oh, I get you. I thought you meant actually break it.
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