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For price stability
Couldn't they convert the bitcoin to nubit which is pegged to the dollar. When they need cash convert nubit back to bitcoin to get cash.
Disclaimer I have never used nubit.
Couldn't they convert the bitcoin to nubit which is pegged to the dollar. When they need cash convert nubit back to bitcoin to get cash.
Disclaimer I have never used nubit.
Re: How would it affect bitcoin price if the Nasdaq went full bitcoin
didn't Nasdaq just say they planned to potentially use the blockchain technology -- not the bitcoin blockchain itself? correct me if i'm wrong. but that was my understanding.
Your wrong... They are using open assets which uses bitcoin.
The banks would NOT have to temporarily convert currency into bitcoin. I could see them sending blocks of fed notes (1,000,000's 100,000's 10,000's) with marked satoshi's/colored coins. Of course they would still have to pay transaction fees with bitcoins. I believe it would still be bullish from Bitcoin being acknowledged. It just would be a way more subdued trip to the moon since they would not need a billion dollars of bitcoin to transfer billion dollars of fed notes just a few marked satoshi's.
Can you please elaborate on how the block chain can be used to send fed notes (or other non BTC transactions) without using actual bitcoins? It will be using actual bitcoins, just fractions (colored coins). It will be like Nasdaq's experiment where hey are planning to transfer stocks on the blockchain, or the transfer of property deeds or other assets using the blockchain.
If banks use the BTC blockchain in the future then of course it will effect the price. It'll send the price to the moon. If they use the BTC blockchain then it means they will have to temporarily convert currency into BTC whilst they transfer that money to wherever they're sending it. To transfer it they're buying BTC with the money they're sending so of course it will effect the price.
It'll be incredibly bullish if they start using the BTC blockchain, if they decide to use blockchain technology then the BTC blockchain is the only sensible way really, it's fast & incredibly secure, something banks will be have to ensure.
It'll be incredibly bullish if they start using the BTC blockchain, if they decide to use blockchain technology then the BTC blockchain is the only sensible way really, it's fast & incredibly secure, something banks will be have to ensure.
The banks would NOT have to temporarily convert currency into bitcoin. I could see them sending blocks of fed notes (1,000,000's 100,000's 10,000's) with marked satoshi's/colored coins. Of course they would still have to pay transaction fees with bitcoins. I believe it would still be bullish from Bitcoin being acknowledged. It just would be a way more subdued trip to the moon since they would not need a billion dollars of bitcoin to transfer billion dollars of fed notes just a few marked satoshi's.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
some Chinese electricity company must surely realise soon that accepting and holding bitcoin would be a ridiculously successful strategy. Or is that banned?
EDIT: Since we are on the topic, albeit off-topic: it was on news sites recently that some New England electricity company is suing John Garza's GAWminers for a ~300'000 $ unpaid electricity bill.
That is Mississippi Power who is suing, the mining facility is in Purvis, MS. I believe Garza had/has some sort of telecom business up in the New England area.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I am always surprised to see it go down! What happens when a scant 21 million people want to hodl an average of 1 measly bitcoin each???
I don't think in todays date there are 21million bitcoin users and there aren't even 21 million bitcoin(there will never be those many bitcoins), so a simple answer- 21million people will never be able to hold 1BTC each, the situation is statistically incorrect.Yeah that the point! 21 million people can ONLY WANT to hodl a whole bitcoin. It is after all the most secure and unchangeable ledger in the history!
No they have another 44k or something for the next auction.
A total of BTC 144,000 was seized from Ross Ulbricht by the FBI.
In the first auction, some 30,000 coins were sold. 50,000 more were sold during the second auction. After the third auction, some 14,000 coins will remain with the FBI.
[Originally cleared to me by (credits to)bryant.coleman ]
If I remember correctly the first 30,000 coins auctioned belonged to the silk road server (the escrow hot wallet). They also seized 144,000 that belonged to Ross, so after the next auction of 50,000 there will indeed still be 44,000 to be auctioned off.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Has anybody noticed that even at 200 nobody wants to buy Bitcoin.
And yet i see all these idiots here dreaming about how we will go up soon.
How far in the sand can your head be.
And yet i see all these idiots here dreaming about how we will go up soon.
How far in the sand can your head be.
January 15th:
"It feels so good having bought all these cheap coins at 170. Please let me know if they were yours so i can personally thank you."
"So which one of you tools sold at the bottom?"
"Well, that was the bottom. I picked up a shitload of super cheap coins. Thanks to you idiots selling at the very bottom.
Thanks for playing. "
Yep that was me, wish it wasn't......
BIG margin call at 172! Everybody was so bearish I started buying from 500 down to 300.
Had been up 36 hours trading with my collateral in exchange account making good coins (i thought). Nodded off around 220 woke back up at 210 going up. Thought (sleepily) that it was the bottom and didn't transfer more collateral into trading account. Woke up later they were GONE.
Received a high dollar education in hours.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What happened to the glowing ignore button??? I have so many on ignore I can not keep up with them. Sometimes I click unignore to see if I had ignored on accident. If the button still glowed it could be assumed it was for good reason without having to see the garbage again. PLEASE bring back the glowing ignore button.
It got removed with the ability to set avatars - a real shame considering the all time high number of trolls around here..
I'm all in favor of the re-institution of newbie jail. A month of posting only in the noob and off-topic sub-forums and 6 months before starting threads would seem about right.
Bringing back the colored ignore button probably wouldn't help much though. Hardcore trolls don't care. Wasn't it ElectricMucus who used to brag that "if your ignore button isn't glowing red, you're doing it wrong"?
Of bigger concern is that real trolls might ignore honest posters just to turn their ignore buttons red in an attempt to discredit them.
Just a thought.
Maybe do like I believe Fonsie suggested and have a proof of stake. It could be done just in speculation where you have no business if you have no stake. Enough trolls buying in to troll would surely cause a ramp up.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What happened to the glowing ignore button??? I have so many on ignore I can not keep up with them. Sometimes I click unignore to see if I had ignored on accident. If the button still glowed it could be assumed it was for good reason without having to see the garbage again. PLEASE bring back the glowing ignore button.
Hey guys. What is being done (or what can be done) about competing with the likes of Visa as far as number of transactions it can accomodate and how quickly?
SIDECHAINS
Cypherdoc don't like sidechains. Are you poking him or is this your final answer?
Was scalability even addressed in the sidechains whitepaper?
Thats one of the main points, but its way above my pay grade, better let others hash out the good and bad.
Hey guys. What is being done (or what can be done) about competing with the likes of Visa as far as number of transactions it can accomodate and how quickly?
SIDECHAINS
Cypherdoc don't like sidechains. Are you poking him or is this your final answer?
Hey guys. What is being done (or what can be done) about competing with the likes of Visa as far as number of transactions it can accomodate and how quickly?
SIDECHAINS
oil? who the hell needs oil, ...
I do. I bought another couple hundred gallons yesterday. That should last me a year or two depending on how much I use my excavator (the one that Bitcoin bought
)I will sell a l48 kubota hoe that was bought with Bitcoin for Bitcoin.
Will the bear market of 2014-2015 be worse than the 2011-2012 bear market?
Hope so, the price tripled in 2012
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
...one year of bear market (never happened before)...
June 2011 to February 2013 was less than a year?
Jimbo 2012 went from under $5 to over 12, I know because I started researching it around June around $5ish, I studied up on it a little and kept telling my wife this is big, then looked at price and it was nearly $7. I figured I would by when it came down a little because it had risen so fast (I thought). December it was over $12, I said ###K IT and started buying.
2012 was only a bear market in "bitcoinland".
If I had your amount of coins it would be a no brainer.
i don't have any coins
Yeah I have just one question, more or less than 100,000?
hey, Emin Gun Sirer is a computer science researcher. he says he knows everything.
he says guys like me can't have more than 100 BTC. who are you to disagree with him? he's worked it out mathematically.
Did he say you can't or shouldn't have more than 100k? Just the few I have I feel guilty going thru a ramp up like 11/13 much less having 100k. More power to someone who has the fortitude to hold thru the massive ramp ups and dips.
If I had your amount of coins it would be a no brainer.
i don't have any coins
Yeah I have just one question, more or less than 100,000?