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Showing 20 of 86 results by calmindifference
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Now Bitcoin isn't trustless anymore. That's unfortunate.
Yeah true, so much true now sodl and gtfo, go play with wow gold.Bitcoin cannot grow worldwide if its faith depend on the hypothetical good behavior of some human beings, the stakes are too high to afford to trust somebody.
What surprises me is that 50% of this well known dev's stash comes to only 5 figures
Re: "Bitcoin only has speculative value". Are you sure?
For fair comparison it's worth factoring in the bitcoin network running costs:
No, it isn't. The network is being run on a volunteer basis, and the people doing so are profiting from it.You could apply that same argument about paypal.
Re: "Bitcoin only has speculative value". Are you sure?
For fair comparison it's worth factoring in the bitcoin network running costs:
https://blockchain.info/charts/cost-per-transaction
The question is, can and will the bitcoin network scale to the volume and value of transactions such that this cost becomes negligible?
https://blockchain.info/charts/cost-per-transaction
The question is, can and will the bitcoin network scale to the volume and value of transactions such that this cost becomes negligible?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
http://www.reddit.com/r/Bitcoin/comments/27da3t/chinas_bs_continues_a_new_government_document/
Is this FUD market manipulation or another nail in the coffin?
Is this FUD market manipulation or another nail in the coffin?
Re: Nobody owns any bitcoin (well basically nobody!)
Early yes, but unlike Berkshire which had a charismatic leader, btc has no recognizable face
This makes it hard for slightly less technical folks to trust the ecosystem
This makes it hard for slightly less technical folks to trust the ecosystem
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.
Exactly - and even if they did obtain their private keys, how many would find it straightforward to use bitcoin-qt.exe command line API or run the gauntlet with some other wallet app.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Total sum of active swaps: 22,174,550.40 USD
Bull, bear or trader. This is not going to end up good
Bull, bear or trader. This is not going to end up good
Somebody somewhere is going to benefit
It rocketed to 680 then dropped to sub 630. Was this market manipulation by day traders? Was it natural? Did something happen yesterday?
If you haven't realized it yet, there are people with large sums of bitcoins that are manipulating the price with pumps and subsequent dumps.
I literally posted 5 minutes before the dump that it was going to dump. And it did.
All I did was look at the last spike 3 months ago. Right around $680. And like clockwork .... I posted when it hit $680 .... and...
This is being manually affected. Bitcoins real price is in the $450-500 range right now. Everything else is manipulation.
-B-
Good call. This whole explosive run up since 20 May looks totally engineered and it can be engineered in the opposite direction if those behind it can benefit.
Sorry, bitcoin does solve a problem for the masses! You use bitcoin to easily and securely send money to anyone in the world for very low cost!
Let's examine the competition:
Bank transfer (ACH/wire/SEPA/etc) - 3-4 business days + big fees
Personal check / money orders - mailing time + 3-4 days to clear + small fees (also your mail can be lost by carrier)
Cash - instant + no fee BUT you have to be in the same physical location. or take the risk of losing all by sending cash in mail
Paypal - instant, but expensive fees to receive money (i think like 2-3%). also paypal can freeze your money for whatever reason they want
Western Union / Moneygram - same day transfer + big fees
Bitcoin - instantly received, spendable within 30 minutes to 1 hr. transaction fee of roughly 5 cents
Let's examine the competition:
Bank transfer (ACH/wire/SEPA/etc) - 3-4 business days + big fees
Personal check / money orders - mailing time + 3-4 days to clear + small fees (also your mail can be lost by carrier)
Cash - instant + no fee BUT you have to be in the same physical location. or take the risk of losing all by sending cash in mail
Paypal - instant, but expensive fees to receive money (i think like 2-3%). also paypal can freeze your money for whatever reason they want
Western Union / Moneygram - same day transfer + big fees
Bitcoin - instantly received, spendable within 30 minutes to 1 hr. transaction fee of roughly 5 cents
Yesterdays estimated BTC transaction volume was 80,000, but 4000 new BTC got mined. That's 5% + tx fees.
the cost ?
bitcoin is free for everyone ... miner do the security job and transaction verification.
it's like compare :
bitcoin is free for everyone ... miner do the security job and transaction verification.
it's like compare :
https://blockchain.info/charts/cost-per-transaction
Bitcoin transactions are far from being free right now. The question is can the network scale to the point where that cost is negligible.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What terms did they violate with the report exactly? I wonder if Karpeles complained? He should know better that doing this won't stop the information being spread.
The report was hacked from MtGox database, so it's illegal to have it....
Which indicates the data is genuine, at least to some degree.