Author Topic: Bitcoin Ecosystem | Press Review Thread | Top News Only (Read 253434 times)

ZeroHedge· · « **Reply #435 on:** June 16, 2017, 12:54:29 AM »

You Won't Believe This Stupid New Law Against Cash And Bitcoin:
http://www.zerohedge.com/news/2017-06-14/you-wont-believe-stupid-new-law-against-cash-and-bitcoin

alexnikon911 · « **Reply #436 on:** June 16, 2017, 11:59:09 AM »

I can only speak from my point of view. While I still hold some BTC, most of my holdings have shifted to ETH and it's tokens. I have gotten really tried of the delay in confirmation times & exorbitant fees. Confirmation times sometimes stretched to over 12 hours despite sending reasonable fees. Fees are consistently around the $5 mark now even at the low end of the scale. One of my latest transactions sent with high fees cost me $13 which is insane and still took 7 mins to confirm. It has just become a pain to deal with BTC thanks to miner greed and their resistance to segwit.

secco · « **Reply #437 on:** June 16, 2017, 01:36:13 PM »

Quote from: alexnikon911 on June 16, 2017, 11:59:09 AM

I can only speak from my point of view. While I still hold some BTC, most of my holdings have shifted to ETH and it's tokens. I have gotten really tried of the delay in confirmation times & exorbitant fees. Confirmation times sometimes stretched to over 12 hours despite sending reasonable fees. Fees are consistently around the $5 mark now even at the low end of the scale. One of my latest transactions sent with high fees cost me $13 which is insane and still took 7 mins to confirm. It has just become a pain to deal with BTC thanks to miner greed and their resistance to segwit.

Agree with you. Bitcoin is becoming almost unusable as currency for payments. I'm also not up to pay such insane fees.

liliiaolivia · « **Reply #438 on:** June 19, 2017, 01:45:16 PM »

Personally, I’ve got so much more to say about this particular view, but let it be enough to say that each node in this graph is incredibly complex in its own right, and amenable to the psychological interactions of its members. This is only a simplified, birds-eye view of the whole affair. I hope it helps.

vitalino · « **Reply #439 on:** June 19, 2017, 01:53:40 PM »

Chinese Explore Future of OTC Trading at Bitcoin Meetup
https://news.bitcoin.com/chinese-explore-explore-future-of-otc-trading-at-bitcoin-meetup/

NanaLelyakova · « **Reply #440 on:** June 19, 2017, 07:00:19 PM »

https://news.bitcoin.com/70-percent-bitcoin-hashrate-signaling-segwit2x/

andreevavik22 · « **Reply #441 on:** June 21, 2017, 02:20:23 AM »

There is some interesting information:
"Bitcoin is a better store of value for the following reasons.

1. Bitcoin is decentralized. Martin and many others consider this the most important characteristic of bitcoin. No central power controls bitcoin. Central banks could indirectly manipulate cryptocurrencies by creating derivatives and exchange traded funds based on those cryptocurrencies. But this will not change bitcoin’s underlying store of value.

Should central banks create derivatives based on bitcoin, Martin encourages people to buy bitcoin directly. Banks cannot manipulate what they don’t control.

2. Bitcoin’s supply is limited. There will only be 21 million bitcoins created, and 80% of this number has already been created. The more funds invested in bitcoin, the greater the value of each bitcoin. Other blockchain currencies could affect bitcoin’s value, but all the other cryptocurrencies combined are not yet equal to bitcoin’s market value. In addition, those cryptocurrencies that don’t have limited supply will not hold their value.

3. Bitcoin is secure. Encryption and decentralization make it so. It can be stored in cyber “vaults,” where owners keep a hard copy of the encryption cipher. While a bitcoin exchange and a computer can be hacked, bitcoin that is in a “vault” will not reside in the exchange or the computer, and only the owner has the code to access the stored bitcoin. No one can confiscate it.

4. Bitcoin transactions are stored on a public ledger that lists all confirmed transactions. Decentralized bookkeeping is more secure than centralized ledgers."