Bitcoin discussion and news

[Idaho]

It's partly because of the actual cost of production. Mining at the current difficulty has a material cost. Add a reasonable mark up = price. Speculation makes it bubble around that (up or down).

 

[Idaho]

Bubbling over £1000 last night. I reckon it will drop 20% if the ETF is rejected (before plodding back up). If it's approved, I think there will be a big bump.

 

[mwgdrwg]

Bubbling over £1000 last night. I reckon it will drop 20% if the ETF is rejected (before plodding back up). If it's approved, I think there will be a big bump.

What's the ETF?

 

[Idaho]

A fund that will be listed on the US stock market. Essentially a funnel for institutional money to flood into bitcoin.

 

[mwgdrwg]

A fund that will be listed on the US stock market. Essentially a funnel for institutional money to flood into bitcoin.

Wow, sounds like that could bump it massively.

 

[Idaho]

Wow, sounds like that could bump it massively.

Some are concerned about it causing a bubble that could cause a lot of problems and actually hamper development.

But it is still yet to be approved. 11th March is the deadline.

 

[mwgdrwg]

Some are concerned about it causing a bubble that could cause a lot of problems and actually hamper development.

But it is still yet to be approved. 11th March is the deadline.

It sure is fun watching the rollercoaster!

 

[Idaho]

I think that the ETF would just be an injection of dumb money. More interesting is the development of sidechains. Essentially bitcoin indexed and verified/underwritten local blockchains. So you could create your own local currency that would be as secure as btc but be faster and cheaper for small local transactions. This would also open up the Internet of things micro payment market.

 

[mwgdrwg]

I think that the ETF would just be an injection of dumb money. More interesting is the development of sidechains. Essentially bitcoin indexed and verified/underwritten local blockchains. So you could create your own local currency that would be as secure as btc but be faster and cheaper for small local transactions. This would also open up the Internet of things micro payment market.

I'm wondering if Urban 75 could have it's own coin then, "Dubfivers" or something?

Also, to whom it may concern, does the server fund accept crypto-currency, editor? How about setting up a server fund Dogecoin wallet for example?

 

[Idaho]

Not really sure if there would be any point to that. It's probably pretty inconvenient to accept small amounts of crypto payments.

 

[mwgdrwg]

Not really sure if there would be any point to that. It's probably pretty inconvenient to accept small amounts of crypto payments.

Surely having a wallet set up so people could donate to that would take seconds to set up, and be something in addition to the current bank transfer/paypal options?

edit: typos

 

[Ranbay]

Well it's peaked again at a new all time high today

Bitcoin Price Index - Real-time Bitcoin Price Charts

 

[editor]

I'm wondering if Urban 75 could have it's own coin then, "Dubfivers" or something?

Also, to whom it may concern, does the server fund accept crypto-currency, editor? How about setting up a server fund Dogecoin wallet for example?

I'm afraid not. It's all beyond my understanding anyway.

 

[Idaho]

I'm afraid not. It's all beyond my understanding anyway.

It is very complex. Someone taps in a few numbers and copy/pastes your wallet address - then presses send... And the numbers appear in your wallet. It's mind boggling. Leave well alone

 

[Ranbay]

Send them to me instead, I will convert them to cash somehow

 

[rutabowa]

Surely having a wallet set up so people could donate to that would take seconds to set up, and be something in addition to the current bank transfer/paypal options?

edit: typos

imagine if a bitcoin wallet had been set up for donations say 5 years ago and forgotten about till now. you'd probably be able to buy Brixton.

 

[joustmaster]

imagine if a bitcoin wallet had been set up for donations say 5 years ago and forgotten about till now. you'd probably be able to buy Brixton.

Frightening, really.
I would have happily donated 10 or 20 bitcoin back in the day.
Thats 20 grand now.

 

[Idaho]

Now up 25% since I tipped it a couple of weeks ago.

Probably going to drop a bit later with traders taking profits.

 

[Ranbay]

Now it goes either way.....

 

[sim667]

It is very complex. Someone taps in a few numbers and copy/pastes your wallet address - then presses send... And the numbers appear in your wallet. It's mind boggling. Leave well alone

Just have a qr code.

Edit:

Or use this

Introducing Brave Payments

For the first time in the history of web browsers, people can now seamlessly reward the sites whose content they value and wish to support, while remaining untracked by anyone, including us at Brave Software, Inc. This removes the need for intermediaries who may overwhelm web pages with invasive trackers and ads (and sometimes even malware). It also avoids centrally managed “feed” algorithms that may or may not value your idea of content quality.

I believe they're planning on implementing a system where you earn a few satoshi for browsing and posting too.

 

[sim667]

I bought $120 worth the other day, spent $40 on something, and now my wallet is worth $150

 

[Ranbay]

Spend it now as it could be worth $40 tomorrow


Save it now as it could be worth $300 tomorrow

 

[Idaho]

Schrödinger's currency.

 

[camouflage]

By friday next week the price will either sky-rocket further, or lose up to 30% of value before recovering again and behaving with more decorum over the next couple of months. Just my opinion, and based on the upcoming COIN ETF decision.

That reminds me, I really must find time to get back into Kerbal Space Program, I like watching rockets take off, boosters falling away, tumbling end over end to the broad blue below while unceasing sqwark babbles on in the background sounding all serious and professional like. I'm gonna put my head-set on, get in the mood.

 

[mwgdrwg]

By friday next week the price will either sky-rocket further, or lose up to 30% of value before recovering again and behaving with more decorum over the next couple of months. Just my opinion, and based on the upcoming COIN ETF decision.

That reminds me, I really must find time to get back into Kerbal Space Program, I like watching rockets take off, boosters falling away, tumbling end over end to the broad blue below while unceasing sqwark babbles on in the background sounding all serious and professional like. I'm gonna put my head-set on, get in the mood.

To the moon!

 

[Idaho]

Flash crash!

 

[mwgdrwg]

Seems like the ETF decision had zero impact then?

Also, I've noticed Ethereum has gone up rather a lot this week!

 

[Idaho]

The ETF had a narrow effect.

Not really looked at ether. Been doing some reading about the lightning network. Very interesting. If it is implemented and works, it will allow super fast transactions.

 

[Ranbay]

Seems like the ETF decision had zero impact then?

Also, I've noticed Ethereum has gone up rather a lot this week!

FFS I picked ZEC over that.... oh well

 

[mwgdrwg]

FFS I picked ZEC over that.... oh well

It's still skyrocketing. Fuck knows why.