Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21253499 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
ToTheZeroth
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December 10, 2013, 03:23:52 PM

[…]

0 confirmation transactions work fine!   The risk of a double spend is extremely low for low value transactions.   For high value ones, 6 confirms is vastly faster than a wire transfer, or ACH, or SEPA.  

Getting tired of noobs thinking they know anything . . .

the noobs are numerous

we must be patient and teach them how things work in bitcoin land.

been mining since May 2011. not sure that would be considered a noob.

Yes bitcoin is way too slow for everyday transactions. But some people didn't notice because they don't use it, they stick it in a paper wallet under their bed and that's it.
I've thought this too, and then I thought what tHash thought. Will people really go through the hassle of trying to double-spend transactions worth a couple of dollars, or even hundreds? I have no idea how feasible that is; I assume none of the standard clients will allow it. (My own service works on 0 confirmations, but will revert the subscription if it doesn't get the confirmations. Should be a viable route for many services, I guess – but of course not all.)

I know this is off topic, but there's not much on-topic to say at the moment, is there? Except perhaps… do you think any of the people who sold at 1000–1200 have cashed out any considerable portion? Or is pretty much all the money still in the exchanges? I'm assuming the latter, in which case things could go really fast after 1000 is broken, right?