so lets look at this logically

someone gives you $2
if bitcoin falls 50% you give them $500
so you insurance scheme will pay out at odds of 249/1

well if you had started this at the beginning of year, you would already have lost all your money.

Rozita, did you mean to post in another thread?

Do people think that btc is more used in world of criminal, than the dollar is used?

on bitstamp would cost $25, but on gdax would cost 10, is this correct?

years ago bitcoin was worth less, so people not bothered(47). if me i would go crazy(13)

Thank You MR buytheffinD

Many Thanks MrBea, bearing in mind that there is not even a quarter bitcoin, which exchange do you suggest?

Powerman101, you may be lucky and are verified, very good for you, but at the moment it is nearly impossible to become verified.

I have tried verifying to join an exhange with verify, no luck
Are they exchanges where you don't need to verify, as  I want to swop bitcoin for litecoin.
I would need to be able to send bitcoin, trade to litecoin, and then withdraw the litecoin, all with no verification.

there is man in our pub who makes predictions each year, on issues paramount, but yet to play out.
In the past years he has predicted
donald trump for president
paris muslim attacks
melson nemdala die
big disease breakout(ebola)

this year, probaly because big news late in the last year
he PREDICT bitcoin at 100,000 dollars

Lets all hope he is as good with this as past.

so what you are saying MrEco is that the chain can only do 16 MAX a second

but last night it done 120 a second?

thanks, that clears everything up



btw, are you Japanese?

why they charge 50$ on 125$ worth of bitcoin

and 50$ charge on 20,000$ worth of bitcoin

is because rich look after the rich, always have always will

I appreciate the help MrKing, but I would have more chance of understanding your answer if you had written it in japanese.

why do people say it 7 per second maximum, and yet blockchain.info say it is over 80 atm?

The Winklevoss twins don't agree with the author, so who is right?
Who should we believe?

if you had lent your friend a pineapple, he would not give back a coconut

think about it if you were a miner, and have learnt that you can charge XXX for transaction why would you be happy to again charge just one X?
It is certain the more popular coins will increase costs to catch up with bitcoin, as opposed to bitcoin lowering .
Developers are already being pressured to behave in ways that I dare not repeat.

only a question of time before bitcash is worth more than bitcoin, completely useless and unusable at the moment.
Very soon in the new year bitcoin will no longer be king coin

As I said, it was an introductaly offer, the real fees are just begining, bookies do the same high odds to get you interested, and then just RIP OFF
The ONLY GOOD THING is the rise in bitcoin price for people, now the top people will slowly and surely secure the gains for themselves, through fees.
Same in any walk of life.

i dont think you understand, to buy a cup of coffee is now 20 dollar fee, you think the miners are still earning the same?

From your post its pretty clear you don't understand how the whole system works.
Miners dont have to give up on the 'high fees'. With segwit the median transaction is cheaper, but miner still earn the same.
In addition to that the extreme 'rise of the fees' comes from the BTC value rising up so high. The satoshi amount didn't increase that much - just the countervalue.
Please first read yourself into the functionality of bitcoin and the problems/solutions included before making posts which don't make sense.
A shift from the every-day currency to a store of value has been visible for quite a few months.
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heralded has a way to defeat the banks big rip off business, etc, with their high fees
Bitcoin follows the philosphy of all business, get people in with introductary offers of fees in the pennies or even nothing, and then WHACK, RIP EM OFF
The joke is the fees are even higher now than the despised banks.
Anyone who thinks the miners are going back to penny fees are deluded, no way will they give up their 20 dollar fees ....EVER