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Page 821 of 2108

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06-10-2017 , 04:16 PM

#20501

_dave_

_Pooh_Bah_

Join Date: Feb 2005 Posts: 13,146

The miners earn transactions fees too.

Quote

06-10-2017 , 04:34 PM

#20502

andr3w321

adept

Join Date: Jul 2007 Posts: 1,148

Quote:

Originally Posted by Damani311

How are people still mining bitcoins, if there is a finite number of them (supposedly 21 million)?

There's only ~16 million right now. https://en.bitcoin.it/wiki/Controlled_supply Only 21 million will ever be mined.

Quote

06-11-2017 , 11:53 AM

#20503

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Bitcoin staring at 3k right now.

Quote

06-11-2017 , 04:40 PM

#20504

Farma

journeyman

Join Date: Mar 2013 Posts: 289

Quick newb question; why would anyone pay with these coins since theyre so volatile and seem only to rise in value. Paying instead of holding them then seems a waste of potential value? And of nobody uses them for transactions or not enough people then it will depreciate again?

Quote

06-11-2017 , 05:04 PM

#20505

OlafTheSnowman

journeyman

Join Date: May 2014 Posts: 373

Quote:

Originally Posted by bjornb

They are trading at a ridiculous 70 cents USD which is hilarious for a currency that no one uses.

Nice

Quote

06-11-2017 , 07:50 PM

#20506

icoon

adept

Join Date: Sep 2010 Posts: 744

Crypto-market is so interesting. Even if people never do transactions, as long as it's the most efficient way out there to store value it will spiral itself to the top. Everytime BTC rises Expectation(BTC) goes up with it. The more people uses the more money flows into development with increases the likelihood crypto will become the primair way to store money. Like a snowball that gets bigger and bigger. Trend-following by design. Bubble that gets bigger and bigger and if fundamentels are good it will never pop.

Quote

06-11-2017 , 07:51 PM

#20507

JudgeHoldem

banned

Join Date: May 2012 Posts: 8,197

On the cusp of $3k

Quote

06-12-2017 , 08:13 AM

#20508

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,717

Quote

06-12-2017 , 09:53 AM

#20509

Cranberry Tea

Carpal \'Tunnel

Join Date: Jan 2009 Posts: 6,241

Starting to think Bitcoins are in a bit of a bubble.

Quote

06-12-2017 , 12:47 PM

#20510

Didace

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 19,877

You obviously missed this post.

Quote:

Originally Posted by icoon

Quote

06-12-2017 , 03:56 PM

#20511

plzd0nate

veteran

Join Date: May 2010 Posts: 2,407

Cannot login to coinbase. How many issues can they possible have in a month

Quote

06-12-2017 , 04:29 PM

#20512

kiderino

adept

Join Date: Nov 2010 Posts: 740

Can't login either. That site would have to close shop if there were better options/people weren't so greedy

Quote

06-12-2017 , 06:31 PM

#20513

kylefrey

adept

Join Date: Sep 2008 Posts: 929

Quote:

Originally Posted by housenuts

haha so good.

Quote

06-13-2017 , 12:51 PM

#20514

Rant

old hand

Join Date: Oct 2006 Posts: 1,436

Quote:

Originally Posted by andr3w321

-Scalability
ETH is only slightly more scalable than BTC at this point.

They will go hierarchical soon enough and everyone will relax.

Quote

06-13-2017 , 02:57 PM

#20515

andr3w321

adept

Join Date: Jul 2007 Posts: 1,148

Quote:

Originally Posted by Rant

They will go hierarchical soon enough and everyone will relax.

What? The next release is Metropolis. Ready for another hard fork? Fun! Get ready for Eth3 and Eth4! Please point to the bullet points where they address scalability https://www.ethnews.com/ethereums-vi...-on-metropolis Scalability is at least 1+ years out. The ETH developers have already missed pretty much every deadline they set for themselves and now they will have to delay the ice age. Meanwhile BTC will activate segwit in < 2 months and the lightning network will be deployed.

ETH pumpers have no idea what they are buying. They just know price keeps going up so it must be good.

Quote

06-13-2017 , 03:16 PM

#20516

andr3w321

adept

Join Date: Jul 2007 Posts: 1,148

Let's see what the ETH full node count looks like when ETH blockchain reaches 1TB later this year https://cointelegraph.com/news/ether...ch-1tb-in-2017

Quote

06-13-2017 , 04:26 PM

#20517

heltok

old hand

Join Date: May 2012 Posts: 1,695

Quote:

Originally Posted by andr3w321

Let's see what the ETH full node count looks like when ETH blockchain reaches 1TB later this year https://cointelegraph.com/news/ether...ch-1tb-in-2017

Nobody goes there anymore, it's too crowded. I assume if growth continues we will see some new nodes also.

Quote:

According to one source, the Ethereum blockchain has bloated by +700% in the past 12 months: now about 180 GB.

Fwiw it's more like 50GB if you run "geth --fast --cache=1024". I think parity is even less.

Quote

06-13-2017 , 05:12 PM

#20518

bucktotal

old hand

Join Date: May 2006 Posts: 1,667

dont think this has been posted yet. good Tim Ferriss/Naval Ravikant interview with Nick Szabo. 2.5 hrs but worth a listen to if you're into it.

http://tim.blog/2017/06/04/nick-szabo/

Quote

06-13-2017 , 05:45 PM

#20519

Tuma

Worships Amon-Ra

Join Date: Aug 2012 Posts: 16,397

If it's true that ~1/3 of the market cap is held in ~900 accounts...then this gold rush is more of an eccentric game of chicken.

Quote

06-13-2017 , 06:13 PM

#20520

theskillzdatklls

Pooh-Bah

Join Date: May 2008 Posts: 4,916

anyone in the know and have the means to launch successful ICOs? may have a very large bounty contingent on success for anyone.

Quote

06-13-2017 , 08:27 PM

#20521

fozzy71

Carpal \'Tunnel

Join Date: Mar 2007 Posts: 38,192

Quote:

Originally Posted by Cranberry Tea

Starting to think Bitcoins are in a bit of a bubble.

why would u think that?

edit obv from my yahoo news feed, i have no vested interest

Quote

06-13-2017 , 11:29 PM

#20522

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

I think somewhere between 2900 and 3000 I might sell off some bitcoin. If, somehow, it doesn't get there before like July 15th I'll prolly sell off then just to hedge a bit against madness on August 1st.

Quote

06-14-2017 , 07:10 AM

#20523

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,717

Quote:

Originally Posted by heltok

Nobody goes there anymore, it's too crowded. I assume if growth continues we will see some new nodes also.

Fwiw it's more like 50GB if you run "geth --fast --cache=1024". I think parity is even less.

A fresh install of Mist or Ethereum Wallet is about 20gb. I'm not sure if it runs geth light or what by default

Quote

06-14-2017 , 09:31 AM

#20524

SetzerG

adept

Join Date: Jun 2013 Posts: 999

Quote:

Originally Posted by bucktotal

dont think this has been posted yet. good Tim Ferriss/Naval Ravikant interview with Nick Szabo. 2.5 hrs but worth a listen to if you're into it.

http://tim.blog/2017/06/04/nick-szabo/

listened a few days after it came out. He doesn't say much. Much better to just read his blog

http://unenumerated.blogspot.com/