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Showing 20 of 74 results by Gab1159
Re: Bitcoins Future is promising, but one point I havent figured out yet...
The more I look into it, the more I believe it is necessary to have something like Mastercoin that operates within the bitcoin network. With it, you could mint a coin with the rules you want, including reversibility! That's how crypto-currencies gonna get mainstream imo
Re: what is the scenario for the BTC is it dead or is it alive?
It was not a bitcoin ban at all...
It's actually an endorsement, as they simply banned "financial institutions" from trading bitcoins. A month or so ago they made an exception to their law that bitcoin would become legal. In fact, all virtual currencies are automatically illegal in China, the simple fact they made an exception is enormous.
I've also read about someone explaining how China was protecting its economy from a still fragile, volatile and "dangerous" technology. There is nothing preventing China to withdraw this new law once btc is more stable and more mainstream. It looks like a kind of protectionism to me...
Also Greenspan...a non-factor.
My short answer:
Price wise: bitcoin going nowhere but UP UP UP on the long term, I've been saying the same thing for a year and a half now. There will be bumps in the road but really I don't think it's BS to say it's headed to the moon
How could we let go such a beautiful technology. Adoption is still increasing quite rapidly throughout the world. Just hold and profit 
It's actually an endorsement, as they simply banned "financial institutions" from trading bitcoins. A month or so ago they made an exception to their law that bitcoin would become legal. In fact, all virtual currencies are automatically illegal in China, the simple fact they made an exception is enormous.
I've also read about someone explaining how China was protecting its economy from a still fragile, volatile and "dangerous" technology. There is nothing preventing China to withdraw this new law once btc is more stable and more mainstream. It looks like a kind of protectionism to me...
Also Greenspan...a non-factor.
My short answer:
Price wise: bitcoin going nowhere but UP UP UP on the long term, I've been saying the same thing for a year and a half now. There will be bumps in the road but really I don't think it's BS to say it's headed to the moon
How could we let go such a beautiful technology. Adoption is still increasing quite rapidly throughout the world. Just hold and profit What about Badu.com that Stop Accepting Bitcoin?
Can't comment on that. There are too many scenarios to speculate on, even for me
I have to agree that, short-term wise, Baidu not accepting bitcoins anymore is a certain drawback! Re: what is the scenario for the BTC is it dead or is it alive?
It was not a bitcoin ban at all...
It's actually an endorsement, as they simply banned "financial institutions" from trading bitcoins. A month or so ago they made an exception to their law that bitcoin would become legal. In fact, all virtual currencies are automatically illegal in China, the simple fact they made an exception is enormous.
I've also read about someone explaining how China was protecting its economy from a still fragile, volatile and "dangerous" technology. There is nothing preventing China to withdraw this new law once btc is more stable and more mainstream. It looks like a kind of protectionism to me...
Also Greenspan...a non-factor.
My short answer:
Price wise: bitcoin going nowhere but UP UP UP on the long term, I've been saying the same thing for a year and a half now. There will be bumps in the road but really I don't think it's BS to say it's headed to the moon How could we let go such a beautiful technology. Adoption is still increasing quite rapidly throughout the world. Just hold and profit
It's actually an endorsement, as they simply banned "financial institutions" from trading bitcoins. A month or so ago they made an exception to their law that bitcoin would become legal. In fact, all virtual currencies are automatically illegal in China, the simple fact they made an exception is enormous.
I've also read about someone explaining how China was protecting its economy from a still fragile, volatile and "dangerous" technology. There is nothing preventing China to withdraw this new law once btc is more stable and more mainstream. It looks like a kind of protectionism to me...
Also Greenspan...a non-factor.
My short answer:
Price wise: bitcoin going nowhere but UP UP UP on the long term, I've been saying the same thing for a year and a half now. There will be bumps in the road but really I don't think it's BS to say it's headed to the moon
How could we let go such a beautiful technology. Adoption is still increasing quite rapidly throughout the world. Just hold and profit Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address”
I would love to hear what will drive the demand for the coins of mastercoin.
a) What functions of mastercoin will create a demand for the master-coins?
b) And how many coins will be needed by a normal user using the decentralised exchange functionality?
c) What planned functions if any can be used without actually buying any master-coins?
Thanks
mughat
a) What functions of mastercoin will create a demand for the master-coins?
b) And how many coins will be needed by a normal user using the decentralised exchange functionality?
c) What planned functions if any can be used without actually buying any master-coins?
Thanks
mughat
Also very interested by these questions!
Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address”
For the marketplace ("Distributed E-Commerce") feature down the line, how does metadata like pictures and such descriptive info get stored?
Well, with Class B we're limited to a touch over 7KB per transaction so technically we could fit in a thumbnail or small image, but personally (just my view) I come firmly down on the side of keeping things as light as possible. At first thought I'd posit if we need images we store them externally (eg link to a http resource or secondary blockchain that's fit for purpose as a storage provider).
Quote
The size of a Mastercoin packet in a compressed public key is thus 31 bytes (33 bytes minus the first and last bytes for the key identifier (02) and ECDSA manipulation byte). The Mastercoin packet reserves the first byte for the sequence number, providing a total of 30 bytes per packet for Mastercoin transaction data. The range of sequence numbers in a Class B transaction is 1 to 255, providing for a total 7,650 bytes maximum actual transaction data storage per Mastercoin Class B transaction.
What about an API fed exchange on a website? The API data would come from the raw blockchain data, but could be nicely designed like any other web based exchange. Is that even possible? I'm think something similar to blockchain.info's redesign of the raw blockchain...
All of 'em except for #1 and total forum log time (as most of the time I'm reading threads while logged out). Bitcoins are my life. People who don't know bitcoin might think I have "no life" ahah!
I wasn't paying much attention to replies, was only reading my pm's. :S My bad...
I'm taking my buy order off for now. Next update you can entirely delete it. I'm gonna watch the market a bit more before jumping in!
Thanks
I'm taking my buy order off for now. Next update you can entirely delete it. I'm gonna watch the market a bit more before jumping in!
Thanks
I'm interested in knowing the answer to this as well.
+1