Wow. Bitcoinity.org switched to mBTC as default!
Time to ressurect this so......https://bitcointalksearch.org/topic/bitcoin-denominations-and-naming-conventions-349579
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31571. (Read 26731929 times)
December 03, 2013, 09:53:02 PM
Time to ressurect this so......https://bitcointalksearch.org/topic/bitcoin-denominations-and-naming-conventions-349579
December 03, 2013, 09:48:46 PM
Wow. Bitcoinity.org switched to mBTC as default!
bullish as fuck!!!!!!!!!!!!!
I switched to BitcoinWisdom a couple months back. Last week I was requesting this same thing, and the owner over there simply said:
"The unit has to be the same as in the exchange" (paraphrasing, can't find the actual post)
It struck me then, he is 100% right. Having BTC at one place and mBTC at others is kind of (super) messy, and prone to provoke mistakes.
We need the exchanges to adopt this change, or we need a Bitcoinity and everyone else to have just a little bit more patience, won't be long now.
I agree 100% though, this is uber bull for marketing and spreading Bitcoin, we need it ASAP.
I just wished the community could pull it off in a more coordinated consensual fashion.
I disagree. This is a not a top-down organization but a peer-to-peer. Everybody can switch when they want to, hopefully soon. Its not very hard to see the m in front of the BTC. Kudos to bitcoinity for being the first!
December 03, 2013, 09:42:24 PM
I don't know. I'm not a dev. 10 cents per transaction is still cheap, but it was a lot cheaper before. Since the price went up 10 times, maybe the transaction fee should lower about 10 times.
But that requires all the miners to upgrade, all the pools to upgrade. ... otherwise anyone who makes a transaction with less than 0.0001 won't get relayed, and won't get confirmed in a timely manner.
But that requires all the miners to upgrade, all the pools to upgrade. ... otherwise anyone who makes a transaction with less than 0.0001 won't get relayed, and won't get confirmed in a timely manner.
If miners are ignoring tx with .00001 fees instead of 0.0001, for example, that is an issue with block size, NOT the standard fee. Miners are incentivized to cram all the fee-paying tx they can into a block, up to the point when it's totally full. THEN - and only then - does it make sense to discriminate by fee amount.
If miners are ignoring tx with non-standard fees for blocks that aren't full, that's ridiculous. They're throwing money away.
Also, totally on board with Comboy's mBTC switch. Love it. Hope the community follows his lead.
December 03, 2013, 09:29:12 PM
Good thing bitcoinity dev is doing something, because the price action is boring...
December 03, 2013, 09:28:55 PM
Wait until the devs lower the transaction fee to less than 0.0001.
We really need that ASAP. Any ETA on this?
Perhaps its in the works.
December 03, 2013, 09:26:36 PM
I don't know. I'm not a dev. 10 cents per transaction is still cheap, but it was a lot cheaper before. Since the price went up 10 times, maybe the transaction fee should lower about 10 times.
But that requires all the miners to upgrade, all the pools to upgrade. ... otherwise anyone who makes a transaction with less than 0.0001 won't get relayed, and won't get confirmed in a timely manner.
But that requires all the miners to upgrade, all the pools to upgrade. ... otherwise anyone who makes a transaction with less than 0.0001 won't get relayed, and won't get confirmed in a timely manner.
December 03, 2013, 09:17:38 PM
Wait until the devs lower the transaction fee to less than 0.0001.
We really need that ASAP. Any ETA on this?
December 03, 2013, 09:15:23 PM
Good thing bitcoinity dev is doing something, because the price action is boring...
December 03, 2013, 09:14:55 PM
Wait until the devs lower the transaction fee to less than 0.0001.
December 03, 2013, 09:14:02 PM
Wow. Bitcoinity.org switched to mBTC as default!
bullish as fuck!!!!!!!!!!!!!
December 03, 2013, 09:13:44 PM
wow, it's happened.. didn't think it would happen so fast. i was kind of hoping for BTC to run past gold before someone made the switch.. then it would becomes very newsworthy.
December 03, 2013, 09:07:42 PM
Wow. Bitcoinity.org switched to mBTC as default!
bullish as fuck!!!!!!!!!!!!!
Or become a penny stock.
December 03, 2013, 09:07:06 PM
Wow. Bitcoinity.org switched to mBTC as default!
bullish as fuck!!!!!!!!!!!!!
I switched to BitcoinWisdom a couple months back. Last week I was requesting this same thing, and the owner over there simply said:
"The unit has to be the same as in the exchange" (paraphrasing, can't find the actual post)
It struck me then, he is 100% right. Having BTC at one place and mBTC at others is kind of (super) messy, and prone to provoke mistakes.
We need the exchanges to adopt this change, or we need a Bitcoinity and everyone else to have just a little bit more patience, won't be long now.
I agree 100% though, this is uber bull for marketing and spreading Bitcoin, we need it ASAP.
I just wished the community could pull it off in a more coordinated consensual fashion.
December 03, 2013, 09:05:11 PM
Wow. Bitcoinity.org switched to mBTC as default!
RPietila will like that, he's so bullish that he's been using mBTC all alongEdit: How do you make these images smaller when you repost them?
Edit: Got it!
December 03, 2013, 09:04:20 PM
Wow. Bitcoinity.org switched to mBTC as default!
bullish as fuck!!!!!!!!!!!!!
December 03, 2013, 09:02:28 PM
December 03, 2013, 08:58:57 PM
On which exchange? I've got a theory about the sheep theft and recent shutdown notice of mcxNOW.
BTC-e of course.
December 03, 2013, 08:58:17 PM
Wow. Bitcoinity.org switched to mBTC as default!
That looks cool, here we go....!!!
December 03, 2013, 08:57:26 PM
Idk, the more I think of it, the more ways I find to launder it. And even so, he could and probably will opt not to do it now and just take little more handle-able chunks for the rest of his lifetime.
His real problem imho are the drug and mob lords probably chasing him for the rest of his life as well. I'm just guessing but there's probably some cartel money in there..
His real problem imho are the drug and mob lords probably chasing him for the rest of his life as well. I'm just guessing but there's probably some cartel money in there..
There's no chance he'd sell them for fiat anytime soon. He'd be busted in no time. That's why I am saying he would do it with alts, he won't be able to hide it with bitcoins only, specially not on the way he is doing it at the moment. He needs to mix the heck out of them with alts and save 20% of them, it will still make him rich and he'll be able to sell them off the exchanges more easily.
There is no reason for him to even bother moving them at all for awhile. Since the coins/address is known, he can just lie low and not touch the address for years until something comes along that allows for complete history removal (such as zerocoin).
I personally think this is a fasinating situation. Bitcoin only provides pseudo anomyity, and there is a public ledger stored forever for people to analyze. Whenever he does finally try to access the coins there will research papers written on how to trace and track them, either through the ledger, IP tracking, etc. It will be fasinating to see if he is able to find a free and clear exit somehow, or if the coins become stuck. If they become stuck then it proves bitcoin is not anonymous. At the same time it shows how secure Bitcoin is, here is an address that is known to contain $100M in stolen funds, yet no one even governments can touch it.
December 03, 2013, 08:56:08 PM
Wow. Bitcoinity.org switched to mBTC as default!
bullish as fuck!!!!!!!!!!!!!
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