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Author Topic: price will stagnate untill...  (Read 958 times)
bracek
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January 20, 2012, 08:40:15 PM
 #1

my view is that there is some kind of investors anxiety
we are approaching Feb 15th and change in protocol could result in great tension release,
or new problems.

so, suspend all trading, there is nothing to be gained in any price direction
for next couple of weeks ...
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Costia
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January 20, 2012, 08:49:03 PM
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what are the changes on feb 15th? 50btc to 25btc per block? something else?
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January 20, 2012, 08:52:38 PM
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what are the changes on feb 15th? 50btc to 25btc per block? something else?

The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then).
bracek
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January 20, 2012, 09:00:44 PM
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The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then).


I hope block reward changes in september Wink
that would imply price during this year going to the moooon
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January 20, 2012, 09:01:39 PM
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i don't think there is any kind of investors anxiety regarding this change. it will be tested in testnet before introduced into live protocol.
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January 20, 2012, 09:01:58 PM
 #6

The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then).


I hope block reward changes in september Wink
that would imply price during this year going to the moooon

Not to be a pessimist, but people will think it should be more, ie 2x as much..

But thats not reality..   diffic. does dictate price..

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bittenbob
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January 20, 2012, 09:34:50 PM
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The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then).


I hope block reward changes in september Wink
that would imply price during this year going to the moooon

Not to be a pessimist, but people will think it should be more, ie 2x as much..

But thats not reality..   diffic. does dictate price..

Yes it is more like price dictates difficulty. Case in point: Bitcoin drops in price to $2 - Difficulty drops tremendously because hashrate drops.  Bitcoin goes back up to $7 - Hashrate once again rises and so does difficulty.

The difficulty however will not change in 2012 but the reward per block will. This will have the same price on hashrate as doubling the difficulty but in essence they are two different things.
teflone
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January 20, 2012, 09:37:42 PM
 #8

The block reward won't halve until around the end of 2012 or the beginning of 2013 (depending on how network speed fluctuates between now and then).


I hope block reward changes in september Wink
that would imply price during this year going to the moooon

Not to be a pessimist, but people will think it should be more, ie 2x as much..

But thats not reality..   diffic. does dictate price..

Yes it is more like price dictates difficulty. Case in point: Bitcoin drops in price to $2 - Difficulty drops tremendously because hashrate drops.  Bitcoin goes back up to $7 - Hashrate once again rises and so does difficulty.

The difficulty however will not change in 2012 but the reward per block will. This will have the same price on hashrate as doubling the difficulty but in essence they are two different things.

Exactly Smiley

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