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Notices tagged with btc, page 2
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Imagine being in a high school math class. The assignment is to verify the accuracy of a set of transactions and to announce and distribute your correct proofs before the other students, so they can verify your work. After enough of the other students verify your work, your work becomes part of the permanent record and you get a reward.
Mining #BTC / #LTC / #BCH in a nutshell.
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@moonman https://shitposter.club/notice/9hRIKf9PjZQpgqrzGK
I was never enthusiastic, but watching the #BItcoin focus shift to attracting price speculators away from becoming a viable transaction-facilitating exchange medium dissipated my interest. #BTC #BCH
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@delores @moonman It is possible to leave it in #BTC or another #cryptocurrency for use in one's next transaction, but value fluctuations relative to national currencies make that risky if that isn't going to be very soon, much like leaving funds in another nation's currency.
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One big failure, IMO, is that there are more miners and currency speculators than there are people using it to buy and sell. As the prices rise, more and more of the wrong group flocks to it. Maybe the current down period will help chase them away.
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The way I've heard it recently, only the big mining pools get a decent Return on Investment (ROI). Everyone else just spins their CPU/GPU/ASIC and runs up their electric bills while hoping for that rare time when they'll "win" and be awarded some #BTC.
Sort of like buying a lotto ticket and hoping that this will be the time that 1 in so many 100s of millions chance makes it a big winner. Most people will have spent many times more than the jackpot before they ever win it.
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Someone was talking about #OpenBazaar recently, including mentioning high transaction fees for #Bitcoin use. Here's what they said about it a while ago: https://www.openbazaar.org/blog/openbazaar-bitcoin-fees/
#btc
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@bob Hopefully, they ( #FSF ) cash it out quickly. #BTC's value in dollars is too volatile to leave it there.
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I cannot help but suspect that the #great and #evil #BOTenkhamen, ruler of all #BOTS by virtue of the "first #BOT to boot is boss" rule, is behind the stratospheric rise and meteoric descent in #cryptocurrency prices. #BTC #BCH #LTC @markov
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https://www.coindesk.com/bitcoin-dropped-22-5-to-weekly-low-from-all-time-high/
http://fortune.com/2017/12/21/bitcoin-price-drops-infighting/
#bitcoin #btc #bch
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@perspicacious01 Currently, #Bitcoin is rapidly heading toward #gold_rush status. Everyone floods into an area, hoping to dig up enough gold nuggets to become rich. Right now, people are flooding into #BTC, hoping to buy and hold a little #cryptocurrency long enough to sell it for enough money to become rich.
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@perspicacious01 What do you mean when you say #Bitcoin is "secure"? Theft resistance? Tell that to the people whose #BTC was stolen from various #cryptocurrency exchanges. Resistance to manipulation? A few very large mining pools could very well conspire to manipulate it. Somewhere North of 50% of total mining/hashing volume, they could do whatever they wish without anyone being able to resist.
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https://is.gd/RnR9uY Ars explains #Bitcoin_Gold, a fork of #Bitcoin. #BTC #BTG (Passing mention of #Bitcoin_Cash, #BCH, in the article.)
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@perspicacious01 Oh, #Bitcoin _is_ volatile. Even if the general trend for the past year or so has been up, there have been some spectacular drops in that time. But if #BTC is proven to have any real value, it will have to come from being a medium for transactions, not as a playground for high-stakes gambling.
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@perspicacisous01@quitter.se Oh, #Bitcoin _is_ volatile. Even if the general trend for the past year or so has been up, there have been some spectacular drops in that time. But if #BTC is proven to have any real value, it will have to come from being a medium for transactions, not as a playground for high-stakes gambling.
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"Please invest responsibly — an important message from the Coinbase team"
The cryptocurrency exchange #Coinbase sent out a message to their users recently, advising people not to become too heavily invested in #BTC.
"We also wanted to remind customers of some of the risks associated with trading digital currency. Digital currencies are volatile and the prices can go up and down. Due to the rapidly changing price of digital currencies, some customers
may not have sell limits that are sufficient relative to the value of total digital currency they are storing on Coinbase. Sell limits are one of the many measures Coinbase takes to protect client accounts and assets."
I guess they are worried about "irrational exhuberance" behind the current rise in the price of #Bitcoin. !cryptocurrency
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The better term for excessive appreciation is "volatility" ... because if it is subject to rapid price increases, it is also subject to rapid price decreases. #BTC #cryptocurrency
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According to a poster in #bitcoin (not sure whether the room is #Matrix or #IRC, but I'm viewing on Matrix), #BTC fork #BCH is surging due to possible manipulation in three South Korean exchange markets. Links to https://is.gd/2VMwNU ... which shows one market has over half the volume (4 more have about 29%, so in total, five exchanges handling 80% of volume). #cryptocurrency
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http://www.investopedia.com/news/bitcoin-gold-will-fork-cryptocurrency-again/
@moonman @1iceloops123 @jeffcliff
#cryptocurrency #bitcoin #btc #bch #bitcoin-gold
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@moonman More #cryptocurrency rumors: Besides the #BTC - #BCH split, people talking about something called BTC-Gold splitting off now. #Bitcoin is becoming confusing.