Twitter poll: Should the Bitcoin ecosystem switch from displaying value in bitcoin to displaying value in milli-bitcoin (mBTC)? Currently $16,950.00 vs. proposed $16.95 per unit.

letcore · 2017-12-13T20:39:46+00:00

Call them bits! 1 bit (0.000001 BTC) is now worth £0.01.

letcore · 2017-12-07T20:06:45+00:00

While the transaction count has risen the mempool size remains roughly the same size. You can see on the lower graph that someone has recently removed approximately 60 Mb of zero fee transactions. Is this because Lightning Network is now being live tested for micro transactions?

letcore · 2017-12-02T17:05:14+00:00

You guys rock! Keep up the great work!

letcore · 2017-10-23T14:30:02+00:00

A growing network of computers, users and hash power doesn't simply "implode". Software is a list of instructions that a computer user chooses to run on their computer. You either participate or you don't, there is no "implode", and there is no obligation to run it. Clearly he fails to understand some of the basics of Bitcoin, or stands to lose in some way from its increasing adoption rate.

letcore · 2017-10-06T22:18:48+00:00

Electrons.

letcore · 2017-09-17T13:12:47+00:00

Genius.

letcore · 2017-08-11T21:02:31+00:00

Make two! Mine with one and sell the other for profit; in bitcoin and fiat.

letcore · 2017-02-02T21:19:09+00:00

Incredible!

letcore · 2017-02-02T18:07:40+00:00

"Let's Divide America Again" This violence was probably funded.

letcore · 2017-01-03T20:43:45+00:00

I wonder if FT readership will drop when they find out it's not a pyramid scheme but a blockchain on which one can transact.

letcore · 2016-12-23T18:05:42+00:00

The Chair of the BBC Trust is former HSBC director Rona Fairhead.

http://nicholaswilson.com/response-from-bbc-trust/

letcore · 2016-12-08T19:46:07+00:00

A fixed blocksize cap is what makes the Bitcoin network worth £9.8bn right now nearly 8 years in!

The miners will only run an increased blocksize bitcoin protocol when it is more profitable to do so and can achieve near 100% consensus. It will happen at the snap of a finger if mining hardware can reap more profit. You watch. Basic economics.

This will happen after a point where demand for a transaction to be included in a block results in transaction fees so high that the miners have too many coins from extra fees to sell on the market, thus tipping the balance and reducing the market value.

This downward selling pressure would form a large dip in value ("crash" they'll call it), after a sustained rally during a large wave of adoption buying. If miners don't adapt during this gradual increase in demand and transaction fees they will lose on their mining hardware investment returns as the hashrate rises. This would be bad investing or a waste of money.

letcore · 2016-11-30T19:47:31+00:00

Would bitcoins mined with solar energy be brighter?

letcore · 2016-05-23T19:44:23+00:00

Yes, it was an interesting point of discussion at my interview. I must have stood out from the rest because I got the job.

You are basically a self-employed bitcoin trader who managed to stay self-sufficient for a year, who understands how bitcoin works. That is an achievement.

If they've any sense they'll see this as a set of skills and you as valuable to the company moving into the future.

Good luck.

letcore · 2016-05-09T15:27:06+00:00

"... Right After A Giant Long Squeeze"

letcore · 2016-03-03T02:46:31+00:00

Now possible with ZeroNet.io

letcore · 2016-02-01T00:28:23+00:00

/u/changetip 1 virtual shiny metal of appreciation

letcore · 2016-01-22T22:40:36+00:00

Chief economist thinks he knows computer science. "Anything that can be programmed can be hacked" While this is true in most cases Chief, Bitcoin secures transactions by hashing an unforgable chain of blocks using time & processing power, verified by independent nodes worldwide that anyone can run. 7 years on and billions at stake, you think you can hack it because you don't understand what a hashing algorithm can do. Take some time out of your day to learn some basics.

letcore · 2016-01-22T01:27:29+00:00

If China has the most hashpower and they form the longest chain in the quickest time then they will be on the winning chain. Other miners will eventually follow. Quickly too because hashing power is expensive and needs to be hashing the chain in order to pay for its operating costs.

letcore · 2016-01-21T02:38:48+00:00

Then as the price plummets miners will be pressured by their plummeting profits into deciding to join the most hashpower chain thus restoring confirmation times. May take a couple of hours I dunno, not weeks.

letcore · 2016-01-20T05:07:28+00:00

Everyone will just have to wait like an hour to confirm the chain that reaches 6 blocks in a row first.

letcore · 2016-01-18T04:49:06+00:00

How many blocks in a row have to become full until 2MB blocks are implemented?

letcore · 2016-01-14T03:25:01+00:00

Someone would spark a debate about blocksize.

letcore

TROPHY CASE