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How much would 1000 bitcoins worth

how much would 1000 bitcoins worth

As per your feedback I've removed the link from the word paper in the proposed edit. Chris Arnesen 19:17, 31 December 2013 (UTC) OK, how much would 1000 bitcoins worth I think we can close this thread. Relay nodes (if you run bitcoin-qt you're one of them) verify and rebroadcast both individual transactions and blocks. Small transactions is where Bitcoin provides an advantage. Laser brain (talk) 03:02, 22 December 2013 (UTC) I hope no one minds that I added a short intro to the hardware section. Vince Samios 21 December 2013 (UTC) Speculation Linking the bitcoin futures trading site icbit would be beneficial for the speculation section. Support for removing open source is given in the above section. The Bitcoin page gets viewed tens of thousands of times a day and there are a lot of opinions out there about. My view in this case still stands that "open source protocol" is not even a thing.

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Thanks for bringing it to my attention. Chris Arnesen 17:54, 31 December 2013 (UTC) I see no reason to not include a wordmark, see 13 for original. Silbtsc ( talk ) Preceding undated comment added 05:54, 19 December 2013 (UTC) Maybe, Bitcoin. InterArmaEnimSil, member, offline, activity: 77, merit: 10 #1 blockchain casino you can trust, get 30 free spins and 200. Even now, when bitcoin prices are at an all-time high, that means that any transaction of any amount over 10 shouldn't require a fee. Rezonansowy ( talk contribs ) 18:27, 22 December 2013 (UTC) Yeah, I appreciate the fact that someone cited github. Preceding unsigned comment added by VinceSamios ( talk contribs ) 22:16, 21 December 2013 (UTC) The point of the Bitcoin according to Max Keiser (almost certainly the creator of Bitcoin, although he used a another name. I believe fees can be necessary to ensure your bitcoin transactions are done quickly, and this fee will rise over time unless the other incentive for doing the work of payment processing doesn't decrease in real terms-something. Now it also rouses the question, why should they be specialized? Member, offline, activity: 429, merit: 255, bitcoin makes a difference between storing money and lending money.

Can someone please provide one? Are there other things we should put in there? The operators of this network, known as " miners are rewarded with transaction fees and newly minted bitcoins. What's the mis-interpretation that you're concerned about? Price discovery occurs at the meeting point between demand from buyers and supply of sellers. Laser brain (talk) 03:38, 30 December 2013 (UTC) I only mentioned that Bitcoin Foundation press release to play devil's advocate and show that somebody else besides us was using the term "open source protocol". As soon as you modify and use the core protocol on the Bitcoin network, without network consensus, its no more Bitcoin because majority of the network won't understand the modified protocol. That number is correct, it's just not interesting enough to feature so prominently. The openness of the Bitcoin network allows anyone to transact in Bitcoin without registering with any central entity ref paper. VinceSamios ( talk ) 22:14, 21 December 2013 (UTC) Electronic money?

If You Invested 1,000 in Bitcoin 8 Years Ago, Here's

Bitcoin was the first cryptocurrency, so-called because it uses cryptography to control the creation * and transfer of money.6 Users send payments by broadcasting digitally signed messages to the network * from a personal computer, mobile device, or web application. And I also don't believe "Satoshi Nakamoto s reference is important to help some one understand Bitcoin in how much would 1000 bitcoins worth the very first sentence. I think this article should say why the Wikipedia Foundation does not accept donations made in Bitcoin. Remittances : At least one serious company will solve the problem of remittances using Bitcoin seriously where it will make the transfer using Bitcoins and will provide and end-to-end service that uses just local currencies but at a much lower fees/rate. That the producer can preserves the private keys? Why would it be confusing to call something a database? Laser brain (talk) 17:16, 2 December 2013 (UTC) Seems legit. Silbtsc ( talk ) 04:08, 21 December 2013 (UTC) Yes, it is inaccurate.

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So a better statement would be, "Most transactions don't require a fee to be processed by the network, making Bitcoin attractive for those seeking to transfer small amounts of money." However you feel about the points made above, the reference. Cypriots learnt this the hard way when their savings were confiscated in early 2013. If some editor would like to add a well-sourced section to the body of the article detailing past increases in usage, there's no reason for me to stand in the way of a lede inclusion summarizing such material. Chris Arnesen 04:15, 9 December 2013 (UTC) Huzzah, here's a perfect reference for Casacius coins Chris Arnesen 15:05, 12 December 2013 (UTC) I think we should mention these sorts of trinkets if only because so many news articles feature an image of physical coins. "currently and in the past and is maintained." is awkward language. That term is used all over the place in articles that discuss the anonymity of Bitcoin (or lack thereof and I think we should adopt it here too. I am not an autoconfirmed user yet so I can't do the change myself. "request" means "politely or formally ask for". Chris Arnesen 15:45, (UTC) Block chain is two words As it stands, the article uses "blockchain all one word, whereas "block chain two words, is more standard. Currently it says: "Integral to Bitcoin is a public database and sequential record of all transactions, known as the block chain" Suggestions? Ignore the practicality but technically, I'm free to write my own software that follows Bitcoin protocol and sell it without the need to open source.

As long as I get good analytical view points. Silbtsc ( talk ) 16:16, 20 December 2013 (UTC) Normal rules for reliable sources apply here as well. In fact the rate is a "step function which is in no way clear from the phrase "will be halved every four years". If I erase all my understanding of bitcoin, based on what I hear from friends and news, I think I usually to understand the bitcoin currency used in the Bitcoin protocol. "It's Like paper bit-coins." The whole thing is like saying counterfeiting. Bitcoiner, member, offline Activity: 70 Merit: 10 Gavin Andresen Legendary Offline Activity: 1652 Merit: 1019 Chief Scientist How often do you get the chance to work on a potentially world-changing project? The article probably should mention the cutoff date for their stats. Moreover, some of the paragraphs talk about a technology (e.g., asic) and even asics do better hashes, but don't say much about bitcoin.

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Do they get a bunch of super-large prime how much would 1000 bitcoins worth numbers and multiply them and then have others figure out the original prime numberswould these be the bitcoins? Mining Hardware Proposed addition As the popularity of Bitcoin increased, miners abandoned run-of-the-mill consumer computers for specially tailored machines that could do the work of payment processing more efficiently. This is often as much a matter of human psychology as economic calculation. Silbtsc ( talk ) 23:05, 29 December 2013 (UTC) It's not difficult to find sources that mention Bitcoin being open source, but we need to be precise with the language. @ TakuyaMurata : could you please try to address these concerns?

But if you choose to use a how much would 1000 bitcoins worth third party, you need to worry about that third party swindling you or becoming bankrupt. Alibaba will probably start accepting Bitcoins before Amazon does. There is no way to count all of them but it is for sure a very spread phenomenon. Anytime things are centralized, like mixers, its relatively easy for law enforcement to take them down. If a reader gets derailed by the use of the word "database" then they're a long long way from understanding Bitcoin. Wallets images are important as well. Here are the questions that get raised if "specialized" is used: it alludes to something special. Danny Bradburys Coindesk article for a good analysis). Silbtsc ( talk ) 17:24, (UTC) Computer refers to the whole enchilada.

Talk:Bitcoin/Archive 10 - Wikipedia

Fleetham ( talk ) 20:37, (UTC) I'm not attacking your person, I'm attacking your edits, which are detrimental to the article and indicate some misunderstanding of the technical underpinnings. Don't expect me to read what you've written prior. Its normal for Bitcoin to trade on any single exchange at a price slightly different to the average. I'm a bit suspicious that this is just POV, plain and simple. VinceSamios ( talk ) 22:25, 21 December 2013 (UTC) What is a good guide to selecting reliable sources?

It may be true that such use has increased (and since this increase is from a very low base, it may have recently increased by many thousands of percentage points but that does not mean it will continue to. Orthotox ( talk ) 08:27, 28 November 2013 (UTC) As already noted this is a completely insecure way of storing bitcoins. The most recent such blockade occurred when. Chris Arnesen 18:11, 22 December 2013 (UTC) Definitely worth addressing to improve the article. Here are some sources that don't use "open source" to make their point:. Market Manipulation No discussion of Bitcoins price would be complete without a mention of the role market manipulation plays in adding to price volatility. WP:Lead - lead should not "tease" the reader by hinting. I'm not in that group.

Intrinsic worth brainstorming - Bitcoin Wiki

Chris Arnesen 00:10, (UTC) Some miners pool computing power to mine, and in these instances I would imagine that many in the mining pools are run-of-the-mill desktops and laptops. Adding a new source seems like the best solution here. Re-reverting your reversions pending further justification of your edits. If you choose to store your bitcoins yourself, then you could lose them to a hacker, a hard drive crash or a lost mobile device. Chris Arnesen 17:22, 20 November 2013 (UTC) i read : " hoarding reduces the use value of a currency (whatever that is), and has been the downfall of other private currencies with a Slate article as the source, which itself. Fleetham ( talk ) 20:58, (UTC) The mercatus "Bitcoin primer" supports the claim. So at this point, main stream web media from big names (that are commonly reliable) are not so reliable for Bitcoin. C S ( talk ) 22:17, 5 December 2013 (UTC) @ C S : Now it says "digital currency" instead of "electronic money though I pretty much consider these to be synonyms. VinceSamios ( talk ) 22:20, 21 December 2013 (UTC) Preceding unsigned comment added by VinceSamios ( talk contribs ) 22:18, 21 December 2013 (UTC) I'm a btc fanboy and I want them to have intrinsic value because it sounds disparaging to say they don't. And if one can fool the gov'mint with some trickery using bitcoins, couldn't that trickery also be used when using real money? Fleetham ( talk ) 17:25, 13 December 2013 (UTC) Bitcoin is absolutely open source and that's an absolutely crucial fact about. Samwalton9 ( talk ) 17:23, 22 November 2013 (UTC) Bitcoin is more accurately described as an Electronic money and Payment system.

Inflation, Fractional Reserve, and

Maybe if someone redeemed it for "real" money while slowly inflating the currencymaybe. Any appearance of gaming the system by reverting a fourth time just outside the 24-hour slot is likely to be treated as an edit-warring violation. Laser brain (talk) 01:11, 22 December 2013 (UTC) I'm wondering if this warrants an entirely separate page. The cryptographic core code, the most popular and actively developed wallet applications for both desktop and mobile are opensource (see Bitcoin-Qt, bitcoinj projects also the most popular mining software (cgminer to which hardware developers adhere as the standard is open source. Chris Arnesen 17:34, 24 December 2013 (UTC) It does have some intrinsic value, because the blockchain can be used to record something else than Bitcoin transactions (fiat transactions for instance, as with coloured coins, or general facts as with http virtual-notary. I ask, is it necessary to bring up specialized computers in the lede? The article specifically mentions companies and stocks, but the same concept can be applied to any asset. Just drop me a note on my talk page. Chris Arnesen 00:10, (UTC) The precise phrase "uses cryptography to control the creation and transfer of money" has been replaced with the vague expression "uses cryptography for security" with an edit note "no easily found citation". Org logo" or something like that.

Bitcoins, a Crypto-Geek Ponzi Scheme - High Tech Forum

ZAB ( talk ) 12:04, 30 November 2013 (UTC) See here for some discussion of this point (literally discussion about this section of the Talk:Bitcoin page) on bitcointalk. Most importantly, the current price of one bitcoin isn't really even discussed in the article. Transactions transfer ownership of bitcoins, the unit of currency. Any model or analysis that attempts to predict or explain the behavior of bitcoin in the recent past or near future would be best to assume a constant rate of production. Are rewarded with transaction fees or newly minted bitcoins." Checkingfax ( talk ) 00:16, (UTC) "or" would imply that it's one or the other. I suppose other items can be used for money: bills from other countries, gold, cigarettes, marihuana itself, chocolate, silk stockings, blue jeans, beaver pelts, whatever. Open access because no one required to "login" to Bitcoin network (This is different from password for your wallet). (December 2013) Since the whole Wikipedia phenomenon is, uh, recent, and speculation about its, get this, "historical perspective" somewhat premature, this is unusually dense, even for a Wikipedia editor. Someone not using his real name ( talk ) 14:33, 24 December 2013 (UTC) Resolved - See Denmark in Legal Status. Rezonansowy ( talk contribs ) 19:20, (UTC) "Unofficial" is more precise. Problems: First sentence uses "network" twice.

"Bitcoin: A Primer for Policymakers" (PDF). These days a computer does it electronically. ( talk ) 08:04, 3 how much would 1000 bitcoins worth December 2013 (UTC) Coindesk as a source How do folks feel about Coindesk as a reliable source? Chris Arnesen 16:22, 31 December 2013 (UTC) Bitcoin protocol is not applied as a Technical standard. Bitcoin is just beta right now after all. I wouldn't be (too) surprised if one could, say, sell a 100 bill in Confederate money for over half its face valuemaybeeven though the Confederate States of America stopped existing about 150 years ago; but even here, the CSA once existed. I don't think it really matters much, however. As reported at the time, Chinese savers turned to Bitcoin to protect their accumulated wealth. Put it another way, I'm proposing the following breakdown of Bitcoin: Bitcoin is a unit in a "open access p2p network" "Transaction rules (Bitcoin Protocol The reasons are as:. The verify and timestamp/ record/broadcast part is done by a regular CPU. Preceding unsigned comment added by ( talk ) 07:50, 14 December 2013 (UTC) Here's what the protection log says : 22:55, 18 December 2012 Andonic (talk contribs) changed protection level of Bitcoin editautoconfirmed (indefinite) moveautoconfirmed (indefinite) (Addition of unsourced or poorly sourced content.

What, would, happen if Bitcoin Reaches 1000 - BTC Geek

The other change is debatable but I think that the currency functions without a central authority is important enough to keep there. Laser brain (talk) 19:10, 5 December 2013 (UTC) You might want to start with reading the article on money. Any idea of how much BC is "mined" on asics in Dec 2013. Mentioning this phenomenon without the warning of its deep vulnerability is nothing than an advertising. Even if this is cited with a reliable source, I believe that WP:speculation outlines a higher burden of proof for forward-looking statements. In how much would 1000 bitcoins worth this connection it might be helpful to explore at some length the analogy with gold as a currency. Are there ways in which the analogy to gold works and doesn't work? While its true that majority of network hash rate is provided by asics.

Sorry to be skeptical, but I am under the impression that some editors push POV too strongly here. Martijn Meijering ( talk ) 18:04, 24 December 2013 (UTC) Well, flatly, I disagree. What does "hold common currency" mean? As for an example address to use in the article where appropriate, I bet we can agree on one. As you can tell, we need all the help we can get. I made a tweak, we'll see if it sticks. Silbtsc ( talk ) 03:14, 21 December 2013 (UTC) Recentism The following is posted, inside the usual pretty little box, by some Wikipedia editor: g This article or section may be slanted towards recent events. Wikipedia can't make that claim in its own voice. Now it just says "Transactions are verified.". How would this affect the Bitcoin users, and how will things be then? In the non-technical sections, it seems that the word "database" makes people uncomfortable.