$10,000 by 2016 very likely | Bitcointalksearch.org

notme

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Activity: 1904

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Quote from: jubalix on November 30, 2013, 04:27:46 PM

Quote from: notme on November 30, 2013, 03:24:38 PM

Quote from: jubalix on November 30, 2013, 03:18:40 PM

Quote from: notme on November 29, 2013, 08:34:05 AM

Quote from: jubalix on November 29, 2013, 03:42:43 AM

Quote from: mestar on November 28, 2013, 09:03:38 PM

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

Peercoin solves this issue

By replacing mining with proof-of-stake, only the votes of the wealthy nodes count.

I don't know about you, but I don't like to keep a lot of funds on a public mining node.

you dont have too keep all your funds there

How do you prove your stake without a private key?

if you have 100 coins, 10 on the mint address, 90 on a non mining address.

Perhaps I'm missing some detail of proof of stake, but doesn't it need 50% of coins to agree on the block? If everybody kept 9/10ths off their mining node, how would a block ever be created?

beetcoin

sr. member

Activity: 434

Merit: 250

retirement or bust! i will hold on for a while too.. but we are probably still years and years away from me reaching retirement level. i barely have any coins Cheesy

GriTBitS

sr. member

Activity: 448

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“A decentralized registry for unique assets”

Quote from: exstasie on November 30, 2013, 06:12:20 PM

Quote from: KFR on November 30, 2013, 02:57:10 PM

Quote from: JTrain_51 on November 30, 2013, 02:38:01 PM

Im sure that everyone in the bitcoin community will sell once it hits 10k tho...

That's precisely what people said about $1k. Yet there's plenty of us still holding. Wink

I'm going all in on this...only spent very little on BTC, and have made a significant profit so far...but since I really have no risk, i'm either going until its worth millions, or bust!

I agree! Go big or Go home! Also why sell, we own the worlds future wealth! The world fiat collapse is upon us. Every guru out there will be talking about how bitcoin is so incredible because of its hard limit and that its genius. The same fools that are saying its not backed by anything and has no intrinsic value! They need to quit looking at the dollar signs and realize even if it went to zero people would still be mining it and trading it amongst the community. All those financial gurus are sheep, throwing darts at a board.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: KFR on November 30, 2013, 02:57:10 PM

Quote from: JTrain_51 on November 30, 2013, 02:38:01 PM

Im sure that everyone in the bitcoin community will sell once it hits 10k tho...

That's precisely what people said about $1k. Yet there's plenty of us still holding. Wink

I'm going all in on this...only spent very little on BTC, and have made a significant profit so far...but since I really have no risk, i'm either going until its worth millions, or bust!

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: notme on November 30, 2013, 03:24:38 PM

Quote from: jubalix on November 30, 2013, 03:18:40 PM

Quote from: notme on November 29, 2013, 08:34:05 AM

Quote from: jubalix on November 29, 2013, 03:42:43 AM

Quote from: mestar on November 28, 2013, 09:03:38 PM

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

Peercoin solves this issue

By replacing mining with proof-of-stake, only the votes of the wealthy nodes count.

I don't know about you, but I don't like to keep a lot of funds on a public mining node.

you dont have too keep all your funds there

How do you prove your stake without a private key?

if you have 100 coins, 10 on the mint address, 90 on a non mining address.

cr1776

legendary

Activity: 4256

Merit: 1313

Quote from: KFR on November 30, 2013, 02:57:10 PM

Quote from: JTrain_51 on November 30, 2013, 02:38:01 PM

Im sure that everyone in the bitcoin community will sell once it hits 10k tho...

That's precisely what people said about $1k. Yet there's plenty of us still holding. Wink

And 10. And 1.

:-)

notme

legendary

Activity: 1904

Merit: 1002

Quote from: jubalix on November 30, 2013, 03:18:40 PM

Quote from: notme on November 29, 2013, 08:34:05 AM

Quote from: jubalix on November 29, 2013, 03:42:43 AM

Quote from: mestar on November 28, 2013, 09:03:38 PM

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

Peercoin solves this issue

By replacing mining with proof-of-stake, only the votes of the wealthy nodes count.

I don't know about you, but I don't like to keep a lot of funds on a public mining node.

you dont have too keep all your funds there

How do you prove your stake without a private key?

jubalix

legendary

Activity: 2632

Merit: 1023

Quote from: notme on November 29, 2013, 08:34:05 AM

Quote from: jubalix on November 29, 2013, 03:42:43 AM

Quote from: mestar on November 28, 2013, 09:03:38 PM

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

Peercoin solves this issue

By replacing mining with proof-of-stake, only the votes of the wealthy nodes count.

I don't know about you, but I don't like to keep a lot of funds on a public mining node.

you dont have too keep all your funds there

pand70

sr. member

Activity: 476

Merit: 250

Quote from: Elwar on November 30, 2013, 02:33:57 AM

Quote from: pand70 on November 29, 2013, 07:29:04 PM

10k by 2016 seems a pretty safe bet to me. I wonder how the op came up with the odds

I submitted the bet earlier in the year when we reached around $100/BTC.

Ok i didn't knew how your site works. Apparently there isn't any real odds making anyway Tongue

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: JTrain_51 on November 30, 2013, 02:38:01 PM

Im sure that everyone in the bitcoin community will sell once it hits 10k tho...

That's precisely what people said about $1k. Yet there's plenty of us still holding. Wink

JTrain_51

member

Activity: 84

Merit: 10

Im sure that everyone in the bitcoin community will sell once it hits 10k thoy
so as soon as bitcoin goes up please don't get pissed if it drops once it hits 5k

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: piramida on November 30, 2013, 01:21:35 PM

OR it will get stuck at $1222 forever. Bitcoin found it's stable position. Whoever worried about it being volatile and unsuitable for commerce - well, go do your commerce now

Lets hope not

piramida

legendary

Activity: 1176

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Borsche

OR it will get stuck at $1222 forever. Bitcoin found it's stable position. Whoever worried about it being volatile and unsuitable for commerce - well, go do your commerce now

beetcoin

sr. member

Activity: 434

Merit: 250

it's either giong to be close to $0 or $10,000 by 2016 i'd say. there's no in between.

Elwar

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Viva Ut Vivas

Quote from: pand70 on November 29, 2013, 07:29:04 PM

10k by 2016 seems a pretty safe bet to me. I wonder how the op came up with the odds

I submitted the bet earlier in the year when we reached around $100/BTC.

I figured we were hitting a 10X price increase per year so I figured we would hit $1,000/BTC some time in 2014 and hopefully $10,000 some time in 2015. I added a year to hedge against a slow year.

The bet does not need to go until 2016 if we reach $10,000/BTC then the bet ends.

hope4me

full member

Activity: 126

Merit: 100

Quote from: ixne on November 29, 2013, 07:19:55 PM

Quote from: mestar on November 28, 2013, 09:03:38 PM

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

The bitcoin network is hashing about 100x more than the top 500 supercomputers combined. If miners aren't making enough to clear their electricity bills, we can afford to lose some hashing power.

This. Every miner has to decide if it is worth to mine. If not, shut your miner.

pand70

sr. member

Activity: 476

Merit: 250

10k by 2016 seems a pretty safe bet to me. I wonder how the op came up with the odds

ixne

full member

Activity: 211

Merit: 101

Quote from: mestar on November 28, 2013, 09:03:38 PM

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

The bitcoin network is hashing about 100x more than the top 500 supercomputers combined. If miners aren't making enough to clear their electricity bills, we can afford to lose some hashing power.

mestar

sr. member

Activity: 407

Merit: 250

Quote from: ?? on ??

Quote from: mestar on November 28, 2013, 09:03:38 PM

Power usage of the whole network, it grows depending on the Bitcoin price.

Who pays for this power usage?

The miners.

No, its the speculators who bought miners' coins on the exchange that actually end up paying for it.

philip2000uk

sr. member

Activity: 276

Merit: 250

Quote from: Elwar on November 28, 2013, 03:42:24 AM

1 Bitcoin will be worth at least $10,000 by 12/31/2016
Success of this bet will occur if 1 Bitcoin is valued at $10,000 or more on one of the largest exchanges of the time (based upon top 4 trading volumes/day).
The $10,000 is in Federal Reserve Notes (US dollars).

Info
Opening date: April 14, 2013
Bet deadline: Dec. 3, 2016 end of day Eastern Time
Event date: Dec. 31, 2016 end of day Eastern Time
Category: Economics
Total agree bets: 0.90
Total disagree bets: 0.90
Total weighted agree bets: 27663.920
Total weighted disagree bets: 28514.809

http://betsofbitco.in/item?id=1532

1 to 1 bet right now, put your bet in to double your bitcoins when it reaches $10k

WTF! I'm not waiting till 2016 to get my $155,000 more like 2015 for $155,000

Topic: $10,000 by 2016 very likely (Read 5548 times)