Bitcoin is looking increasingly less practical. The size of the block chain is becoming massive. Recently I tried downloading the official client, and after 2.8GB of downloading with the progress bar only about half way through I gave up. If Bitcoin becomes more popular in future the block chain really isn't going to scale well, and that's going to result in a more centralized system in which there are fewer block chain "banks".
Looks like the exchange rate didn't fluctuate too much during this time:<p><a href="http://bitcoincharts.com/charts/mtgoxUSD#rg5ztgSzbgBzm1g10zm2g25zv" rel="nofollow">http://bitcoincharts.com/charts/mtgoxUSD#rg5ztgSzbgBzm1g10zm...</a><p>I wonder what will happen to the difficulty over the next couple days:<p><a href="http://bitcoin.sipa.be/" rel="nofollow">http://bitcoin.sipa.be/</a><p>Considering the exchange rate remained stable, I expect the difficulty to halve.
After the bitcoin debacle, it went from $30+ to $3- and I knew if it were to rebound to that same price again, that would be the perfect time to buy.<p>Three dollars, now I regret it.
Some details for the curious <a href="http://www.reddit.com/r/Bitcoin/comments/13xd05/idea_for_the_210000th_block_lets_all_make/c78337n" rel="nofollow">http://www.reddit.com/r/Bitcoin/comments/13xd05/idea_for_the...</a>
What might this do to the acceptance of bitcoin? In an article yesterday, someone mentioned in the comments that it was no longer financially viable to make money from mining, I would assume that this would make it doubly so. If that is the case, will there be required transaction fees for processing transactions, and how will that effect the price of BTC?
Can anyone explain this to me?<p>Sorry, I never really paid attention to bitcoin. I was sure the government would have killed it by now, labeling you all criminals.