Is Bitcoin dead now? Mining it is more costly than the profit?

Bitcoin isn't made for making easy money with mining. And mining being costly doesn't impose any threat to Bitcoin, this just adjusts markets. The amount of security in petahashes are enough to keep network running secure for billion users even in case if 95% of miners disappear due to insolvency. So, the network itself is well-protected. While the easiness of making money isn't promised & isn't the philosophy of the Bitcoin concept. Forget about mining. Think about technology. Bitcoin is a scarce digital asset. Bitcoin is unforgible asset....

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Bitcoin Restriction

ChipArgyle >  As demand increases, the servers will create new Bitcoins Its not true. That's a myth. Every "Bitcoin-server" is running on Open Source software with open code. And every "Bitcoin-server" has hard-wired VERY STRICT restriction on how much there's gonna be Bitcoins.Moreover this restriction is SO PRECISE that I can say exactly how much there will be Bitcoins in the world 10 years from now, how much Bitcoins there will be 20 years from now and so on. See for yourself:https://en.bitcoin.it/wiki/Controlled_supplyYou...

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Blockchain could be used to make stealing anything 100% not interesting.

Robbery is a big problem for many things, that's why such expensive things as cars are registered in government agencies. Throughout the history governments around the world proven, that they can't protect things from being stolen. Robbery still exists. What if I told you that blockchain holds promise for perfect ownership proving & transferring mechanism? What if every bicycle would have encrypted public key manufactured into each detail?...

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You can send your Bitcoins to dead human (if dead human kept his private key in brain)

Basically this is serious topic, I bear in mind 4 goals - 1) I've heard about traditions where people are giving people some gold, some cash after someone is passed away. Does that virtually could become valid tradition once cash is replaced? 2) How about ethics? On the one hand its the common process (just burning Bitcoins the way its done in OpenBazaar), but on the other hand - what's gonna happen if a lots of cultures will adopt this? Can we statistically run out of Bitcoins if every person on the earth will take their Bitcoins to the heaven?!...

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Bitcoin Bandwidth Scalability

Bitcoin generates more transactions per each customer. So fake numbers can become real for Bitcoin once it will gain mass adoption. * Bitcoin should be used for microtransactions like 1 cent & should be free. * Every person should have access for sending 1 cent even 1000 times per day * Every teapot, every door, every dancefloor & every living & non-living creature must have a BTC address. No doors should be opened without BTC & no device should be used without BTC micropayment. 1TB per day is pretty possible scenario in case...

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I was an iOS user. But when Apple banned Bitcoin, I destroyed my brand new iPhone (I still haven't accomplished paying credit payments 11 months after that). And that was a sacrifice & promise for never coming back to Apple the system I loved the most, because that made my favorite Bitcoin apps unavailable for few months.I loved Apple when there was a Steve Jobs. Without Steve Jobs, Apple is just a corporation who's sucking the blood out of everyone by their tyranny. They are going to fall upon their own weight (they don't even let you downgrade...

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My user experience with Bitcoin

I know about Bitcoin for 3 years & experienced user myself. I never been in U.S. so I still don't know anything about purchasing Bitcoins in U.S. In Russia my own user experience was never bad. Once I learned about LocalBitcoins every transaction went smoothly (LocalBitcoins take 5% for exchanging on each transactions on Russian markets - fees are high, but I always buy any amounts of Bitcoin very smoothly). So no troubles buying Bitcoin in Russia. My family isn't experienced with Bitcoin at all, but they are ready to follow any technical/banking...

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Fear to talk about Bitcoin

I knew about Bitcoin 2 years ago. But I was afraid talking about it to my sister, because I thought that girl will never understand Bitcoin. Then I found out about Julia Tourianski, and then in 1 video she quoted Brigham Young: “You educate a man; you educate a man. You educate a woman; you educate a generation.” ― Brigham Young In other interview Julia Tourianski was speaking to Jeff Brunswick - and in that interview http://www.youtube.com/watch?v=mp6C4g23uYo...

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Bitcoin community /r/bitcoin is the best place ever!

Hello everyone on /r/reddit, who've decided to give your attention to me & my blog. My name is Earl Fox. I live in Russia & doing everything in my power to make the Bitcoin revolution a high priority, that revolution & exactly that form of money that will help millions in our country. I'm always optimistic about Bitcoin future & I always was a big dreamer. Let me tell about myself & my family. I am born in Russia, and when...

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Bitcoin & New World Order

You can create secret private key without using a computer, because Bitcoin's protocol is a cryptographic industrial standard which will serve us thousands years. This private keys can be created without Illuminati's permission. And guess what. Everyone on earth can hold billion of such keys & no we still WON'T run out of this keys. Because these Bitcoin keys use ASTRONOMICALLY HUGE NUMBERS, so Bitcoin is ASTRONOMICALLY secure.Long story short: Bitcoin acts a bit like cash, see cash is anonymous, Bitcoin is pseudonymous (almost anonymous)....

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10 benefits experienced Bitcoin merchants don't know about accepting Bitcoin.

1. If you afraid to promote Bitcoin on your work (job, business) - you're losing not only opportunity to make future closer, you're also losing your ability to get loyal customers, to make yourself recognizab...

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Open letter for Bitcoin trolls

 Technically Bitcoin works pretty much like a real gold with ability to transport it instantly to any part of the world. Karpeles (Mt.Gox) was one of those people who managed to run away with this type of gold due to ignorance of public. Karpeles was able to do this, because people trusted him to store their Bitcoins on his service (The same thing as letting someone else to store your gold for you in exchange for paper). After Mt.Gox incident, there is a huge variety of services which never store your gold, I don't know why people trusted...

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Sit back and relax, wait for the world to catch up. We're sitting on Dragon eggs waiting for them to hatch.

I feel as though the momentum you are describing is essentially driven by buzz around Bitcoin, and as such may be mercurial. The momentum is driven by bitcoin's economic advantage of being the lowest transaction-cost currency for online and distanced transactions. People choose bitcoin over altcoins then because they want the most compatible cryptocoin, the one that has has mass-approval, this is the network effect that says that a network is more valuable to new people the more people that are a part of it--and bitcoin is by far the more important...

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