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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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grendel25
Legendary
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Activity: 2282
Merit: 1031
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February 06, 2015, 06:30:38 AM |
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Privacy the ultimate promise? Maybe that was the intent of the original devs but if that's true then they really didn't think it through very well
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Brilliantrocket
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February 06, 2015, 06:36:10 AM |
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If privacy really is the ultimate promise of cryptocurrency, and I believe it is, then Bitcoin is pretty much out of the game.
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bitbunnny
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Activity: 2898
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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February 06, 2015, 02:21:55 PM |
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If privacy really is the ultimate promise of cryptocurrency, and I believe it is, then Bitcoin is pretty much out of the game.
Why do you think so?
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Amph
Legendary
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Activity: 3206
Merit: 1069
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February 06, 2015, 04:30:59 PM |
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i don't see any crash to be honest, just a small dump
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dothebeats
Legendary
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Activity: 3640
Merit: 1353
Cashback 15%
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February 06, 2015, 05:37:57 PM |
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A crash would mean something below the $100s mark. Small dumping of weak hands can be the caused of this decline in price.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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Brilliantrocket
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February 06, 2015, 07:04:40 PM |
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If privacy really is the ultimate promise of cryptocurrency, and I believe it is, then Bitcoin is pretty much out of the game.
Why do you think so? Because it has a transparent blockchain. Why would I want to make my transaction history available to anyone who cares to look?
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dothebeats
Legendary
Offline
Activity: 3640
Merit: 1353
Cashback 15%
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February 06, 2015, 07:51:20 PM |
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If privacy really is the ultimate promise of cryptocurrency, and I believe it is, then Bitcoin is pretty much out of the game.
Why do you think so? Because it has a transparent blockchain. Why would I want to make my transaction history available to anyone who cares to look? It is there to make sure that every transaction in the whole chain is "clean" at the least, and no double spending or whatsoever occurs within the entire blockchain. Well even if the whole transactions are transparent as you say, still people will have a hard time remembering all those strings of numbers for addresses and anytime they can change their addresses to a new one, so as to add another layer of security to their own holdings.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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Q7
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February 07, 2015, 02:24:25 AM |
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Because people is driven by greed. What is more important for bitcoin is the fundamental. If the adoption rate continues to grow, eventually at one stage, even when everybody is dumping, there will always be ready buyers to buy back even at a slightest reduce price and that will support the coin price.
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enryk
Full Member
Offline
Activity: 168
Merit: 100
GreenCoin
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February 07, 2015, 09:07:30 AM |
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If privacy really is the ultimate promise of cryptocurrency, and I believe it is, then Bitcoin is pretty much out of the game.
Privacy is not the ultimate cryptocurrency. you need to read about how crypto is good for so many things.
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tyrexs
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February 07, 2015, 09:58:07 AM |
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yes its normal, up and down price its normal so if u smart u buy cheap and sell it when price up.. its easy getting money
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Coinbuddy (OP)
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February 07, 2015, 10:44:42 AM |
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Every crash is not normal for any currency
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Twipple
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February 07, 2015, 11:36:33 AM |
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I think it is normal because of the fake pump by excahgnes over the years. it was bound to fall down.
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1K
Member
Offline
Activity: 64
Merit: 10
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February 07, 2015, 12:46:02 PM |
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Privacy the ultimate promise? Maybe that was the intent of the original devs but if that's true then they really didn't think it through very well
You don't have to give any of your personal details to have an account, do you? Are there any restrictions to using bitcoin? Do you know my name from my bitcoin address? No. So it does it's job very well in that respect.
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runningfree
Newbie
Offline
Activity: 49
Merit: 0
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February 07, 2015, 05:12:53 PM |
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I thought the great thing about Bitcoin was supposed to be it widespread acceptance?
I don't see this yet.
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aantonopoulis
Newbie
Offline
Activity: 29
Merit: 0
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February 07, 2015, 09:58:38 PM |
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I thought the great thing about Bitcoin was supposed to be it widespread acceptance?
Funny, I thought the main point was that it isn't counterfeitable.
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Bitcoin_Mafia_Me
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February 08, 2015, 07:29:37 PM |
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I'm a complete newbie when it comes to Bitcoin trading and speculation, so bear with me. Is this REALLY a dump? Barring anything crazy, it seems like a normal lifecycle to me. Think about it:
Stage 1: Bitcoin's infancy. Low dollar value, little hype, little mainstream adoption
Stage 2: Bitcoin bubble. Sky rocketing dollar value, all kinds of hype, increased mainstream adoption
Stage 3: Bitcoin bubble "bursts". Prices fall. Mainstream adoption continues to climb.
Stage 4: Bitcoin prices level out, higher than in its infancy but much lower than during the bubble.
It seems to me that we're in Stage 4 which, while not great news for traders cashing in on the rises and dips in the market, bodes extremely well for increased mainstream adoption. I think part of the aversion to Bitcoin adoption has been its volatility. The very thing that made it so attractive to traders scared the hell out of merchants. IMO if Bitcoin attains and holds a fairly steady dollar value, more merchants and service providers will be likely to adopt it.
At least that's how I'm seeing it. If I am wrong, someone please let me know and explain to me why.
Cheers!
Cynthia
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ajareselde
Legendary
Offline
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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February 08, 2015, 07:56:17 PM |
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I thought the great thing about Bitcoin was supposed to be it widespread acceptance?
I don't see this yet.
There is a saying in my country that goes like; you can learn an old horse new tricks. Every change requires time, and changing fundamental centralised financial system to open decentralised, where the rare few people cant make provisions for doing nothing requires a bit more than just 5 years the bitcoin has now.
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oblivi
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February 08, 2015, 11:45:47 PM |
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If privacy really is the ultimate promise of cryptocurrency, and I believe it is, then Bitcoin is pretty much out of the game.
Why do you think so? Because it has a transparent blockchain. Why would I want to make my transaction history available to anyone who cares to look? It is there to make sure that every transaction in the whole chain is "clean" at the least, and no double spending or whatsoever occurs within the entire blockchain. Well even if the whole transactions are transparent as you say, still people will have a hard time remembering all those strings of numbers for addresses and anytime they can change their addresses to a new one, so as to add another layer of security to their own holdings. As far as I know the ring signature technology with monero allows for totally anonymous transactions without the need of a public ledger (blockchain).
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Eastwind
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February 12, 2015, 07:13:46 PM |
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The price is quite stable at the moment. Up or down a bit is quite normal.
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najzenmajsen
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February 12, 2015, 07:21:20 PM |
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it took a billion years untill people slowly started using dollars , it's only been a few years since bitcoin existed , just be patient. People will realise how revolutionary cryptocurrencies are and that's when we'll start seeing uptrends.
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Undermood
Legendary
Offline
Activity: 950
Merit: 1000
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February 17, 2015, 09:19:27 AM |
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bitcoin is high volatile. believers, skeptic, speculators,investers are in and out.
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╓▄▄▓▓▓▓▓▓▓▓▓▓▄╖, ,▄██▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓█▄, ▄████▀▀░░ ░╙▀▓███▓, ,███▓╣▒▒▒░░╓╖╖╖╖╖╖,░░░▒▒╢▓▓▓[ ╓▓██▓▓▓███▓▓▓▓▓▓▓▓▓▓▓▓██▓╢▓▓▓▓ ╖▒▓▓▓▓▓██████▀▀▀▀▀▀▀▓██████▓▓▓▓▒░, ╫▒▒▓▓▓▓▓▓▒ "▓▓▓▓▓▓ ╟ ▐▓░░░▓▓▓▓▓▓╖ ▓▓▓▓▓▓░ ]▓ ,▓▓░░░░╙▓▓▓▓▓▄ ╓▓▓▓▓▓▓`░░ ▐▓▌ ╟▓▓▌░░░ ╙▓▓▓▓▓▓ ╓▓▓▓▓▓▓░░░░╓▓▓▓ ╟▓▓▓▓ ░`▓▓▓▓▓▓, ╟▓▓▓▓▓╜░░░░╓▓▓▓▓ ╙▓▓▓▓▓,░ ░ ▓▓▓▓▓▓╖ ,▓▓▓▓▓▓▒▒▒▒░╟▓▓▓▓▌ ▓▓▓▓▓▓╖░ ╙▓▓▓▓▓▌ ╓██████▒▒▒▒▒▓▓▓▓▓▓` ╙▓▓▓▓▓▌ ░░╙▓▓▓▓▓▓█████▓▒▒▒▒▒▓▓▓▓▓▓ ╙▓▓▓▓▓▓ ░░░▓▓▓▓▓▓███▓╢╣╢╢▓███▓█▀ ▓▓▓▓▓▓@░░░░▓▓▓▓▓▓▓▓▓▓▓▓██████▀ ▀▓▓▓▓▓▄░▒▒░▓▓▓▓▓▓██▓████▀▀ ╙▀▀▀██████████▀▀▀` | | InfinitusToken.io | | ███ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ | | | | ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ███ | | ⚑⚑ Read our Whitepaper ⚑⚑ Medium ⚑⚑ Telegram |
[/ta
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Q7
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February 17, 2015, 10:15:13 AM |
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I'm a complete newbie when it comes to Bitcoin trading and speculation, so bear with me. Is this REALLY a dump? Barring anything crazy, it seems like a normal lifecycle to me. Think about it:
Stage 1: Bitcoin's infancy. Low dollar value, little hype, little mainstream adoption
Stage 2: Bitcoin bubble. Sky rocketing dollar value, all kinds of hype, increased mainstream adoption
Stage 3: Bitcoin bubble "bursts". Prices fall. Mainstream adoption continues to climb.
Stage 4: Bitcoin prices level out, higher than in its infancy but much lower than during the bubble.
It seems to me that we're in Stage 4 which, while not great news for traders cashing in on the rises and dips in the market, bodes extremely well for increased mainstream adoption. I think part of the aversion to Bitcoin adoption has been its volatility. The very thing that made it so attractive to traders scared the hell out of merchants. IMO if Bitcoin attains and holds a fairly steady dollar value, more merchants and service providers will be likely to adopt it.
At least that's how I'm seeing it. If I am wrong, someone please let me know and explain to me why.
Cheers!
Cynthia
I believe mainly here still goes back to demand and supply side. Don't forget every new coins by the miner to the open market have to be bought. And that haven't include coins by existing holder who decides to sell off. If the demand is not picking up eventually people will undercut each others price to sell lower. And that will continue as long as it doesn't go below mining cost. The only thing we can see in light is some news event by big companies to announce adoption or integration or we just wait for the next halving to take place when supply factor goes down.
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r.jewell
Newbie
Offline
Activity: 7
Merit: 0
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February 18, 2015, 12:33:23 PM |
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bitcoin is high volatile. believers, skeptic, speculators,investers are in and out.
and that is exactly what keeps bitcoin "running".
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v.mariette
Newbie
Offline
Activity: 9
Merit: 0
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February 18, 2015, 12:39:35 PM |
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I thought the great thing about Bitcoin was supposed to be it widespread acceptance?
I don't see this yet.
im assuming thats the goal. theres still plenty of time before us .. lets see what happens
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picolo
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February 18, 2015, 01:18:32 PM |
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fonzie
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February 18, 2015, 04:22:29 PM |
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Crash from 1200$ seems pretty normal to me if you consider it a tulip like bubble that has popped once and for all.
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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aantonopoulis
Newbie
Offline
Activity: 29
Merit: 0
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February 20, 2015, 11:24:05 PM |
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Crash from 1200$ seems pretty normal to me if you consider it a tulip like bubble that has popped once and for all. Crash from $32 seems pretty normal to me if you consider it a tulip like bubble that has popped once and for all. (heard circa late 2012)
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