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Showing 20 of 86 results by designfail
Re: Cost of mining 1 Bitcoin hits market price... What will happen?
late miners are already selling their equipment coz they cant make profit out of it and unfortunately for them its also a negative income
"Late miners" are joining alt coins pools. When I hooked up a cpiple of my old Ant U1s to a peercoin pool, the diff was somewhere in 100s. Now it is in 400s.
Well, what did the email say?
"Dear sir or madam! My name is Satoshi and I am the creator of Bitcoin. All my bitcoins are now stuck in BTC exchange in Nigeria. I need your help to transfer all my BTC to Coinbase. In exchange of your help I will give you 1/3 (one third) of all BTC in my possession converted into USD. Please email me your bank atm account, pin code and social security number.."
The boat is only just getting it's engines started I think(/hope).
The boat? I thought we are on a the rocket to da Moon..
Re: If a 2nd Financial Crisis is looming, how are you preparing?
If the real crisis strikes we should invest in real estate in a places like NYC, San Francisco Bay area, guns&ammo, 4x4 truck, silver coins/gold coins and 1 - 2 years food supply.
either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.
I don't look at it as an investment you jump in or out of. I look at hedging slightly because I would rather see it become an actual currency being used to buy and sell goods and services and not just an investment platform to make fiat money.
either way. I jumped in when the price was 520->460->420->560->580, so maybe it's time for me to quit. I do not believe in 'to da moon'.
You can (partially) "jump out" the same way.
Maybe, sell a little for a profit and hold the rest, since BTC fundamentals are looking really strong.
Re: What if someday Bitcoin Foundation votes to remove 21M limitation?
Then the world would laugh and quietly ignore such nonsense.
But worry not, such craziness won't occur. It's not under anyone's control except consensus of the community.
Even if the core devs vote to remove the 21M limit, it still won't make it so.
But worry not, such craziness won't occur. It's not under anyone's control except consensus of the community.
Even if the core devs vote to remove the 21M limit, it still won't make it so.
You are 100% right and this should end up this discussion.
At the moment even Satoshi Nakamoto is not able to remove 21M limit:)
I think what will happen after 21M will be mined - Bitcoin2 will be released
"Satoshi Nakamoto" - is just a name. Whoever has git source code push permission has the real power.
Re: What if someday Bitcoin Foundation votes to remove 21M limitation?
Ok, lets forget about "voting" and "bitcoin foundation" for the moment.
How about hedge funds contact core devs and tell them: "guys, in order to make this thing would-wide spread we need a controlled inflation: we need to remove "halving". Lets say for solving a block it will always be N number of coins. You guys will be rich, famous and your names will be written in history forever. From our side we guarantee at least 51% of mining power with the updated bitcoin protocol where there is no 21M limitation anymore. The garage miners could stick to the old protocol or whatever - their old bitcoins are useless".
I think this is very possible if we are talking about wide adoption of bitcoin.
How about hedge funds contact core devs and tell them: "guys, in order to make this thing would-wide spread we need a controlled inflation: we need to remove "halving". Lets say for solving a block it will always be N number of coins. You guys will be rich, famous and your names will be written in history forever. From our side we guarantee at least 51% of mining power with the updated bitcoin protocol where there is no 21M limitation anymore. The garage miners could stick to the old protocol or whatever - their old bitcoins are useless".
I think this is very possible if we are talking about wide adoption of bitcoin.
They will be rich and famous either way when mass adoption comes. The only realistic possibility of this kind of change might be a POS protocol to keep it around 21 million in circulation but this would be 50-60 years away at least.
Keeping always N number of coins (like 21M) in circulation is possible: coins will always been lost due to lost passwords, hodler dies, etc, etc
Re: Bitcoin as a Legal Currency in Currency Bill is Off to Gov. Brown for Signing
Is it simply a repeal of the old law or does it seek to tax and regulate as well? If it is just a repeal you have to like this one. Hopefully Brown signs it.
in california they are fast signing only gay-friendly bills
Re: What if someday Bitcoin Foundation votes to remove 21M limitation?
I may be mistaken, but would it require the consensus of everyone who uses Bitcoin (as opposed to only those who mine) to enact such a change? I am still fairly new to how the Bitcoin protocol is designed.
Celroc
Not everyone. If you have more than 51% of all computing power - you own blockchain
Re: What if someday Bitcoin Foundation votes to remove 21M limitation?
Ok, lets forget about "voting" and "bitcoin foundation" for the moment.
How about hedge funds contact core devs and tell them: "guys, in order to make this thing would-wide spread we need a controlled inflation: we need to remove "halving". Lets say for solving a block it will always be N number of coins. You guys will be rich, famous and your names will be written in history forever. From our side we guarantee at least 51% of mining power with the updated bitcoin protocol where there is no 21M limitation anymore. The garage miners could stick to the old protocol or whatever - their old bitcoins are useless".
I think this is very possible if we are talking about wide adoption of bitcoin.
How about hedge funds contact core devs and tell them: "guys, in order to make this thing would-wide spread we need a controlled inflation: we need to remove "halving". Lets say for solving a block it will always be N number of coins. You guys will be rich, famous and your names will be written in history forever. From our side we guarantee at least 51% of mining power with the updated bitcoin protocol where there is no 21M limitation anymore. The garage miners could stick to the old protocol or whatever - their old bitcoins are useless".
I think this is very possible if we are talking about wide adoption of bitcoin.
Need some research about that and maybe with another altcoin, why many gambling sites accepted doge?
actually i'm one who interest with doge few months ago, i still have more than 100k Doge in damn dogevault.
AFAIK, dogevault was successfully robed. Are yo sure you still have those 100K?