Bitcoin craze dying down?

[Mobius]

This typically happens when it is not pumping.

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[HarmonLi]

Nice to see a thread back from September where the volume, transaction rates, etc. really died down a bit! Right now, even if the price is still a tad lower, we're on the way up again it seems!

[BrunesBTC45]

Is it just me or does it seem like the bitcoin "craze" has died down a lot? Not as much people active in talking about it, and especially in other forums for altcoins, there used to be a lot of buzz and excitement but not any more it seems

If you think that bitcoin craze has died down, then you do not know what youre talking about.
If you think that there is nothing to be crazy about bitcoin, maybe you need to research more about what is happening.
2015 has been all good for bitcoin (although theres some hacking incident in Asia)

[AtheistAKASaneBrain]

Nice to see a thread back from September where the volume, transaction rates, etc. really died down a bit! Right now, even if the price is still a tad lower, we're on the way up again it seems!

Venture capital flowing into Bitcoin is increasing insanely quick each year too.

[asuryan180]

Nice to see a thread back from September where the volume, transaction rates, etc. really died down a bit! Right now, even if the price is still a tad lower, we're on the way up again it seems!

Yeh it was not the greatest of times bitcoin has had but not the worse either. We will soon get the guys on lurk mode out of the wood works when they see the price rising day in say out and news in their face.

At the moment a lot have probably been fed up getting scammed on altcoins losing money on bitcoin we are only human after all and not everyone can take the stress but have no doubt they will be back.

[erikalui]

Yes and with respect to bitcoins, I only see this forum having active members who are earning and selling bitcoins for goods or products else reddit is one site where some people discuss about bitcoins. I was a member of another bitcoin forum that was very active in 2013 but it is almost dead now.

[erikalui]

Nice to see a thread back from September where the volume, transaction rates, etc. really died down a bit! Right now, even if the price is still a tad lower, we're on the way up again it seems!

Yeh it was not the greatest of times bitcoin has had but not the worse either. We will soon get the guys on lurk mode out of the wood works when they see the price rising day in say out and news in their face.

At the moment a lot have probably been fed up getting scammed on altcoins losing money on bitcoin we are only human after all and not everyone can take the stress but have no doubt they will be back.

It has already reached $294 and soon it will go upto $300 but as far I can see, quite a few people use bitcoins while others who use PayPal or Payza aren't even interested in owning bitcoins as it is risky for them. If bitcoins do get adopted as a recognized currency, it will attract more users.

[ChuckBuck]

Yes and with respect to bitcoins, I only see this forum having active members who are earning and selling bitcoins for goods or products else reddit is one site where some people discuss about bitcoins. I was a member of another bitcoin forum that was very active in 2013 but it is almost dead now.

What other forum site is there about Bitcoin?  Before I became an active member of this site and was still learning about Bitcoin, this and Reddit seemed like the only 2 communities that had decent activity.

[erikalui]

What other forum site is there about Bitcoin?  Before I became an active member of this site and was still learning about Bitcoin, this and Reddit seemed like the only 2 communities that had decent activity.

There are quite many of which this forum is one: https://www.bitcoinforum.com/index.php

I am still a member of this forum which was quite active earlier but now very few topics are being created and hardly I can see any interaction.

[tspacepilot]

You know, I really think it boils down to what's meant by "craze".  Too much hype ends us up in a bubble and we get the pump-n-crash cycle that we saw in 2013.  Too little hype and everyone thinks "bitcoin is dying" and that's obviously not good either.  In my opinion what we need is steady growth, steady appearance of new services/business, and steadily more adoption.  I think that on the whole that's what we've been seeing for the last few years.  However the speculation scene means that sometimes things get very crazy and I for one hope that that craziness doesn't override the core fundamentals of bitcoin which are truly exciting and revolutionary.

[darlidada]

2015 will be the year of cryptonote technology.

[ChuckBuck]

What other forum site is there about Bitcoin?  Before I became an active member of this site and was still learning about Bitcoin, this and Reddit seemed like the only 2 communities that had decent activity.

There are quite many of which this forum is one: https://www.bitcoinforum.com/index.php

I am still a member of this forum which was quite active earlier but now very few topics are being created and hardly I can see any interaction.

Didn't know or hear about that one, thanks for forwarding that link.

I only signed up over here, because of the chosen one set it up...

[tspacepilot]

What other forum site is there about Bitcoin?  Before I became an active member of this site and was still learning about Bitcoin, this and Reddit seemed like the only 2 communities that had decent activity.

There are quite many of which this forum is one: https://www.bitcoinforum.com/index.php

I am still a member of this forum which was quite active earlier but now very few topics are being created and hardly I can see any interaction.

Didn't know or hear about that one, thanks for forwarding that link.

I only signed up over here, because of the chosen one set it up...

What's fun about this is that Satoshi only has +30 trust

We should remind everyone on default trust to trust Satoshi just so that he looks better than this, imo.  Hey default trusters, trust Satoshi please!

[ChuckBuck]

2015 will be the year of cryptonote technology.

OH no, you're not one of those altcoin monero/Cryptonote dudes are you?   

Don't see Cryptonote anywhere, perhaps in another lifetime?




Anyways, here's what Cryptonote developers had to say about integrating into the Blockchain recently:

https://www.youtube.com/watch?v=cIasr2AiyZ0

[darlidada]

Dont believe me. Believe what satoshi said about Ring Signatures:

This is a very interesting topic.  If a solution was found, a much better, easier, more convenient implementation of Bitcoin would be possible.

Here's him describing the essence of cryptonote:

I'm not grasping your idea yet.  Does it hide any information from the public network?  What is the advantage?

If at least 50% of nodes validated transactions enough that old transactions can be discarded, then everyone saw everything and could keep a record of it.

Can public nodes see the values of transactions?  Can they see which previous transaction the value came from?  If they can, then they know everything.  If they can't, then they couldn't verify that the value came from a valid source, so you couldn't take their generated chain as verification of it.

Does it hide the bitcoin addresses?  Is that it?  OK, maybe now I see, if that's it.

Crypto may offer a way to do "key blinding".  I did some research and it was obscure, but there may be something there.  "group signatures" may be related.

There's something here in the general area:
http://www.users.zetnet.co.uk/hopwood/crypto/rh/

What we need is a way to generate additional blinded variations of a public key.  The blinded variations would have the same properties as the root public key, such that the private key could generate a signature for any one of them.  Others could not tell if a blinded key is related to the root key, or other blinded keys from the same root key.  These are the properties of blinding.  Blinding, in a nutshell, is x = (x * large_random_int) mod m.

When paying to a bitcoin address, you would generate a new blinded key for each use.

Then you need to be able to sign a signature such that you can't tell that two signatures came from the same private key.  I'm not sure if always signing a different blinded public key would already give you this property.  If not, I think that's where group signatures comes in.  With group signatures, it is possible for something to be signed but not know who signed it.

As an example, say some unpopular military attack has to be ordered, but nobody wants to go down in history as the one who ordered it.  If 10 leaders have private keys, one of them could sign the order and you wouldn't know who did it.

[shogdite]

Is it just me or does it seem like the bitcoin "craze" has died down a lot? Not as much people active in talking about it, and especially in other forums for altcoins, there used to be a lot of buzz and excitement but not any more it seems

Never considered bitcoin a 'craze', the novelty may have worn off a bit but that's to be expected I suppose.

This is still a very active forum, no doubt they'll be another surge of excitement when the bitcoin price reaches another high point.

[OpenOcean]

Looks like it's coming back up.

[funtotry]

Never considered bitcoin a craze, its just something that I use daily and never found it to be a fad. If it something that couild be a fad then it wont be a viable currency...