$98.3 million worth of bitcoins stolen, hacked from from Sheep Marketplace
- Thread starter Instrumentalist
- Start date
You guys are asking the wrong questions.
What happens when BTC gets widely accepted and the blockchain grows to some crazy size like a petabyte or yotabyte? the cloud? Lol
What happens to the transaction fees after the difficulty skyrockets? Or all the BTC are mined? Competition will keep them low? Those $50000 rigs will have to pay for themselves somehow.
What happens when BTC gets widely accepted and the blockchain grows to some crazy size like a petabyte or yotabyte? the cloud? Lol
What happens to the transaction fees after the difficulty skyrockets? Or all the BTC are mined? Competition will keep them low? Those $50000 rigs will have to pay for themselves somehow.
They're already working on it, and I think there's actually some solutions already out there for this. So individuals don't have to download the entire Blockchain. Instead, only companies (ie. exchanges) will.
Maybe I'm wrong, but I think the fee just recently dropped a week or two back. It's 0.0001 now, down from 0.001.
EDIT: Confirmed, 0.0001. Transactions are generally under 1.5 BTC, but all fees showing are 0.0001. If your exchange / provider is still charging the 0.001, they're skimming you.
As the blockchain grows, confirmation time of transactions will have to grow as well? Premiums will have to be charged for faster confirmations. If you don't want to pay the premium, will you be left waiting days, or weeks, or months for confirmation?
Edit. I am thinking 10 15 years down the road, with widespread mainstream
Use
^^ I don't know. I'm not intelligent enough for that stuff. I would imagine if Bitcoin goes mainstream, there's going to be 10,000 times the number of peer nodes online available for confirmations. They may not have the whole blockchain, but they can still confirm transactions.
Or I don't know, but I'm not worried about it. Blockchain is only about 80GB right now, and there's a solution for every problem. If the demand is there, solutions will arise.
Or I don't know, but I'm not worried about it. Blockchain is only about 80GB right now, and there's a solution for every problem. If the demand is there, solutions will arise.
Well at least this heist hasn't been likened to a movie yet...
[ame=http://www.youtube.com/watch?v=uPwkTfdZnrM]BitCoin $100 Million Heist - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=uPwkTfdZnrM]BitCoin $100 Million Heist - YouTube[/ame]
Lol Alex Jones. I like how so many idiots follow him as if he's the messiah and they don't realize he's just a marketer who gives 0 fucks.
The video posted had no AJ in it and was actually pretty good reporting. I'd recommend everyone here watch it if they are curious about the Sheep theft.
Yeah, because theft is ok if people do it differently.
"cash" has been stolen for years. Openly, secretly, and institutionally.
Here's a quick question for you... when petty thugs steal cash from people, is it done with their signature?
I watched one of the chaps who was tracking him go off on a completely wild goose chase. He ended up looking at btc-e's addresses and thought they were part of a massive scam. Even when several of us told him he ignored it and carried on in some ridiculous movie-scene type rant about it.
Was quite amusing until I got bored. In short - no. The thief sneaked away while those chasing were following all sorts of wallets around with their heads in the sand.
edit: I don't know who's still trying to find him now - but I'm fairly certain there are quite a few people who haven't given up yet... it was quite a lot of money.
damn spent all night reading reddit, interesting....wild wild west shit.
inb4 regulation.
edit:: also, sheep marketplace. ROFLMAO
inb4 regulation.
edit:: also, sheep marketplace. ROFLMAO