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pand70
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November 30, 2013, 08:18:07 PM |
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10k by 2016 seems a pretty safe bet to me. I wonder how the op came up with the odds
I submitted the bet earlier in the year when we reached around $100/BTC. Ok i didn't knew how your site works. Apparently there isn't any real odds making anyway  |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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jubalix
Legendary
 Offline
Activity: 2618
Merit: 1022
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November 30, 2013, 08:18:40 PM |
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Power usage of the whole network, it grows depending on the Bitcoin price.
Who pays for this power usage?
Peercoin solves this issue By replacing mining with proof-of-stake, only the votes of the wealthy nodes count. I don't know about you, but I don't like to keep a lot of funds on a public mining node. you dont have too keep all your funds there |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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November 30, 2013, 08:24:38 PM |
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Power usage of the whole network, it grows depending on the Bitcoin price.
Who pays for this power usage?
Peercoin solves this issue By replacing mining with proof-of-stake, only the votes of the wealthy nodes count. I don't know about you, but I don't like to keep a lot of funds on a public mining node. you dont have too keep all your funds there How do you prove your stake without a private key? |
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cr1776
Legendary
Offline
Activity: 4032
Merit: 1301
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November 30, 2013, 09:27:30 PM |
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Im sure that everyone in the bitcoin community will sell once it hits 10k tho... That's precisely what people said about $1k. Yet there's plenty of us still holding.  And 10. And 1. :-) |
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jubalix
Legendary
Offline
Activity: 2618
Merit: 1022
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November 30, 2013, 09:27:46 PM |
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Power usage of the whole network, it grows depending on the Bitcoin price.
Who pays for this power usage?
Peercoin solves this issue By replacing mining with proof-of-stake, only the votes of the wealthy nodes count. I don't know about you, but I don't like to keep a lot of funds on a public mining node. you dont have too keep all your funds there How do you prove your stake without a private key? if you have 100 coins, 10 on the mint address, 90 on a non mining address. |
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exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
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November 30, 2013, 11:12:20 PM |
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Im sure that everyone in the bitcoin community will sell once it hits 10k tho... That's precisely what people said about $1k. Yet there's plenty of us still holding. I'm going all in on this...only spent very little on BTC, and have made a significant profit so far...but since I really have no risk, i'm either going until its worth millions, or bust! |
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GriTBitS
Sr. Member
Offline
Activity: 448
Merit: 250
“A decentralized registry for unique assets”
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December 01, 2013, 08:50:45 AM |
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Im sure that everyone in the bitcoin community will sell once it hits 10k tho... That's precisely what people said about $1k. Yet there's plenty of us still holding. I'm going all in on this...only spent very little on BTC, and have made a significant profit so far...but since I really have no risk, i'm either going until its worth millions, or bust! I agree! Go big or Go home! Also why sell, we own the worlds future wealth! The world fiat collapse is upon us. Every guru out there will be talking about how bitcoin is so incredible because of its hard limit and that its genius. The same fools that are saying its not backed by anything and has no intrinsic value! They need to quit looking at the dollar signs and realize even if it went to zero people would still be mining it and trading it amongst the community. All those financial gurus are sheep, throwing darts at a board. |
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beetcoin
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December 01, 2013, 08:55:18 AM |
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retirement or bust! i will hold on for a while too.. but we are probably still years and years away from me reaching retirement level. i barely have any coins  |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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December 01, 2013, 08:58:31 AM |
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Power usage of the whole network, it grows depending on the Bitcoin price.
Who pays for this power usage?
Peercoin solves this issue By replacing mining with proof-of-stake, only the votes of the wealthy nodes count. I don't know about you, but I don't like to keep a lot of funds on a public mining node. you dont have too keep all your funds there How do you prove your stake without a private key? if you have 100 coins, 10 on the mint address, 90 on a non mining address. Perhaps I'm missing some detail of proof of stake, but doesn't it need 50% of coins to agree on the block? If everybody kept 9/10ths off their mining node, how would a block ever be created? |
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