Maybe it is not a problem for you, but it is a problem for a lot of people as they invest quite a lot of money into Bitcoin. I personally don't, but the price fluctuation is quite scary.

Hello,
i want to do bookkeeping / accounting for my bitcoin transactions.
I would like to know what people are doing for calculating how much they spend in their fiat currency for bitcoin, etc.

Right now i am buying bitcoin from bitcoinlocal, and after every transaction, finding out how much $1 in my currency equals to how much bitcoin i just got.
Then when i purchase goods online, i can use that as a reference to figure out how much fiat currency i spent.
But im sure there is a better way? Any programs / wallets / spreadsheets available that do this calculating automatically for you??

The purpose of bitcon is not for a real life, they are made for completing the human's life in the digital world for making the transaction is more easier for using bitcoin and bitcoin is not made for a real life.

Bitcoin being illegal or legal is depend on the person, who use it? anyone can use bitcoin in illegal transaction or legal transaction.

A few years ago, when I only started using Bitcoin, I've lost a small amount when I sent bitcoins to a wrong address.

I can't figure out what you are taking about. But i guess that you are training about bitcoin block size, but as a programmer 1MB size is not a big size for me.  Since bitcoin have millions of block so obviously that would sum up a huge number.

gambling is really illegal in most of the countries  but still people are playing it illegally, and same is the case in my country here as gambling is illegal bust still people play it illegally and when then caught by the police then arrest them and then charge them for it i also play gambling but i mostly play it on sports therefore there are very little chance for the police to catch me.

Very observant! I’m glad people like you exist and it is just proof that people can see the trends. I too notice that while the hacks may make bitcoin seem less reliable, it is actually still slowly gaining value. That’s because people like us know these security issues will be fixed and bitcoin will continue to gain momentum.

I think that when all is said and done bitcoin will revolutionise the financial sector and be wortha fortune.

Yes you are lucky not to have problems in bitcoin. I myself have experienced delivery delays in bitcoin so delayed until many days. It was very disturbing me because I badly needed funds in quick time. Maybe it's a matter of bitcoin have ever experienced.

i use bitcoin as both but mostly  i use it as currency just like my  pocket money. i am really happy  with this technology, but i would  be more happy if some  shops here started  accepting bitcoin too.

"Consensus" is the name we have given the governance mechanism within Bitcoin. On the protocol level it is pretty straight forward, miners have the ability to vote through their hashing power, and miners have a strong game theory incentive to do what is best for Bitcoin since their profits rely on Bitcoins continued success. In this sense Bitcoin is governed by a simply majority rule. This is how decisions are supposed to be made, however because there is disagreement on this fact a lot of people can not even agree on how this governance is supposed to function creating a situation of great uncertainty. This creates confusion for the miners as well who are just following their economic self interest, which means that they are just following what they think is the overall sentiment of the networks participants.

In terms of governance this is where it starts to get more interesting. Unlike other majority rule systems, Bitcoin allows the minority to split off creating their own chain in the case that they do not agree with the changes that the majority is making. This fundamentally solves the age old problem of tyranny of the majority, in this sense I see blockchain as being the next evolution of governance, since it has solved this fundamental problem. Furthermore if the majority of users move to the minority chain after the split then the minority chain becomes the majority chain again, since miners will simply follow the chain which has the most value. In this sense it is not the miners that decide on the rules but it is ultimately the users who have this power, specifically the people who give the blockchain the most value. This is actually an ideal way to resolve disputes within Bitcoin, essentially allowing the market to decide.

I think that many people do not fully understand this mechanism and even fear it. When really what it allows is complete freedom of choice over what development path an individual supports. Some people think that Bitcoin is this unchanging thing, you might have heard the terms "immutability" and "code is law" thrown around. I perceive these blockchain systems very differently, it is not the case that we give up human governance to be governed by this unchanging machine code. The machine so to speak is actually a cyborg, it is part human and part machine. The protocol itself relies on human incentives to keep the network functioning, in other words we are all part of the machine and influence its behavior and rules. In this sense "Consensus" is a social mechanism, which just like other governance mechanism relies on the input of human beings for its continued operation. This I consider to be a good thing, some people have this utopian idea of blockchain being able to remove human beings from governance completely, thereby obsoleting politics. Unfortunately that is not how Bitcoin works and I have never seen a blockchain that can function in such a way.

Arguably this human element in governance is a good thing, since if we are building the systems of the future here, I do think it is good if we program Skynet to have a fork switch, just in case.

In the near future, you will see many farm companies releasing their own cryptocurrency
Those smart farmers will eventually come to a realization that the only real form of money is the food they put in their mouth.
Because of that reason, the value of their farm cryptocurrency will only go up. Other paper currencies will always be manipulated and beaten down by central banks' frauds.


Here's an example:

A lobster farm will release their own cryptocurrency called Lobster coin
A clam farm will release their own cryptocurrency call Clam coins
A crab farm will release their own cryptocurrency call Crab coins
A tuna farm will release their own cryptocurrency call Tuna coins

These farm coins will be back by real money value also known as food value.
(put money where their mouth is)

New features:
-multiple windows for trading on bittrex
-2FA via Google Authenticator
-Key management
-HD addresses
-Block explorer




It would be interesting if bitcoin could have 2FA in the client, as the devs of vTorrent have done in their up coming torrent client.

In one word, Unresolved.

This is a good question, because it highlights what the debate has become about. "Consensus" is a misleading term since it can not be applied in the literal sense of the word within the context of governance, which is what the debate has involved into, a debate about how to govern this decentralized protocol. There currently is a large ideological divide within Bitcoin, the communities have even splintered to the point of using different forums to communicate with each other.

I support increasing the blocksize limit, the other side of this debate might try and tell you that the consensus debate has been resolved, this is not true it is only resolved from their perspective because some of them might think that their side has won, but that is not how the Bitcoin network works and that is not how the protocol is actually governed. If the miners do not fork the Bitcoin blockchain to support bigger blocks within the next six months I am confident that the Bitcoin network will split, most likely into several chains, just like the Ethereum network recently did as well. This is where the consensus debate stands now, I could go into much more detail, check my post history and you will see that I have been debating these points since the blocksize debate started more then a year ago now.

Bitcoin from my perspective is stagnating and losing ground to its competitors, I will not try and rehash all of the old arguments here, but history has proven me correct on many of my predictions so far, the transactional capacity of the Bitcoin network is important and it does need to keep up with demand, the Core development team along side Blockstream is attempting to change this fundamental economic principal within Bitcoin by keeping this parameter restricted, when it simply should have just been increased or removed completely from the Bitcoin protocol years ago. I currently support Bitcoin Unlimited as my favorite alternative implementation. I am looking forward to watching the Bitcoin network split, I just hope it happens before it looses its dominant position in the market.