Bitcoin Forum

Well everyone - the experiment is over.  The blocksize/capacity thing just shows how fucking dumb 'concensus' is.  Everything 'distributed' = total fail.  They can't agree to move forward.  There is no CEO.  Now Coinbase is objecting to the bullshit HF 2017.  Having nobody to make a decision has ruined bitcoin. 

Ethereum on the other hand is raging up there.  It's going to be huge.  They actually have someone on the top deciding to go left or right when they come to a fork (no pun intended).  'distributed' is cool, but it is unmanageable.  Just let it go with no one at the wheel proved to be stupid.

Bitcoin is now fully fucked.  Looks like Hearn's ragequit wasn't misplaced. 

Time to buy Ethereum  - Say goodbye to bitcoin.

Not even on purpose, I just read this (https://bitcointalk.org/index.php?topic=1373804.0) thread a few minutes ago...

Ethereum is one to watch for sure and wise to hedge your bets with especially as many financial institutions are looking into facilities it. Look how fast Ethereum has grown in its short few months.

http://www.financemagnates.com/cryptocurrency/trading/ethereum-now-worth-more-than-ripple-and-litecoin-combined/

Interesting thread.  I have often thought there is an element of social engineering going on with btc and the community. The infighting and indecisiveness certainly does not help btc. 

I am suspect though of a post that talks about the death of btc while propping up ETH. 

bullshit, people forget that bitcoin was alive since the beginning when there was only satoshi experimenting with it

it's basically impossible to kill, no matter what you do at best you could depreciate its value

also ETH is not a competitor, the coin itself does not offer anything new against bitcoin, and the platform can be used with bitcoin too if they want to integrate it

Is this a rumor to get ethereum fully pump,if somethings goes wrong with bitcoin there will be a lot of exodus to ethereum,not the right time to happen ,bitcoin is now going great and really back on track..

There are too many flaws here to begin with.
1) Bitcoin is not dead, it is peaking with adoption.
2) Decentralized != fail.
3) Promoting an altcoin (Ethereum).
4) Bitcoin and Ethereum are not comparable.
5) Ethereum is not dedicated to moving and validating money, it is more of a complex blockchain based contract mechanism.

It's just a coincidence, right?

yeah mega intelligent pump all your cash into a centralised POS LOL no thanks

Yes you cant just rule out bitcoin. Bitcoin is the not controlled by any body and ETH is just oppsite to it.
So we cant realyy  compare them now

A typical example of a ETH pump post.  ::) .... I do not even see ETH in the same sphere as Bitcoin, they should concentrate on smart contracts and dominate that aspect of the

tech and they will be successful. The consensus experiment is doing fine, there are active participation and debate and it's healthy for this kind of experiment. You should move

this thread to the Alt coin section, this section is not meant for Alt coin pumping.  ::)

I don't understand all the anger some posters emit just to get their point across. Nothing wrong with a healthy competition between Bitcoin and Ethereum, nor having a foot in both camps.

It looks like the ETH bagholders are starting to get really nervous at the fact that consensus has been reached and thinks are looking better than ever for the future. Pretty sad to see them using the Classic FUD by Brian Armstrong, Gavin and the rest of clowns.
You can still sell your altcoin and get on the winning team before the halving when it will be too late. Good luck.

Social engineering definitely plays a role, especially in what concerns BTC markets. Social engineers make the waves and markets follow, out of fear or manipulation.


Not bullshit. Some people are actively trying to hinder Bitcoin. It is noticeable in this forum and in mainstream media. Also sometimes on cryptocurrency media...

Bitcoin is indeed alive and ETH is not competition: people are simply using ETH to bash at Bitcoin...


Quoted for truth... And yeah, what an interesting coincidence.

If bitcoin really dead soon and Ethereum will be the next bitcoin and the price of ethereum will same as bitcoin, i'm okay with that. So it's like only the name changed from bitcoin into ethereum.

well if it will happen i will wait before to convert to ethereum.. honestly i bought some ethereum because of fast increase value of ethereum..
But i still believe in bitcoin.. And it will never die..

Yes i hope ETH can replace bitcoin for for long time. Because i don't have enough money to buy 14,7 BTC. I have bought 14,7 ETH  ;D

here is btc's problem    a hefty fee of .0013  and this has been skipped by the last 9 blocks made


https://i.imgur.com/wsNLIaY.png

Uow, this is a very nice topic. Just read the full thread and I think this current thread is just another attempt to disseminate wrong information.

Or at least an attempt to pump ETH.

Honestly this post belongs more to the altcoin section than bitcoin discussion.
Ethereum project is interesting. They have really smart people on the team, but they have no clear goal and purpose it seems.
What they are doing looks more like a research project of some university than an serious attempt to actually solve a real consumer problems.

And the major thing is - Ethereum ideas are overthinked, solutions too complicated.  

Can't we have both? Bitcoin for me never was a payment system and it clearly failed as that or it's failing if that was the intention. But as storage of wealth and commodity it has proven its value time and time again. It works and it's safe if you understand how it works (it's not that easy for a common person though). Hearn statement had many good points like it or not and we can start to see just how much the market is manipulated.

Now Ethereum is another monster, it's actually starting to get a lot of traction, with a potential so huge that puts other "altcoins" to complete shame because we all know we don't really need them. I think one of the biggest assets of Ethereum is that it is corporate friendly. I'm not talking about just its tech, but its name and image. Bitcoin will never go corporate or mainstream because it's tainted with so many scandals and black market activity, it's sad but true.

Ethereum on the other hand doesn't need to compete with Bitcoin in that way, and if more dapps are developed and companies start to adopt it, it's a matter of time that you can buy Ethereum with fiat and then the game is over...so I think it's wise to not miss this train if you see some potential, you don't need to put all your BTC on it, not even half, just what you can afford. Opportunities like this don't happen every day and the mainstream still didn't catch this but soon they will.

So you're saying us that we should forget about the decentralisation ? Then start another project and show us what you can do, "Mister the Chief" ::).

Ethereum is an altcoin and as such should be in the altcoin section. I dont know why this has been posted here other than a shameful attempt at pumping eth. We dont need a replacement for bitcoin, we just need to fix what needs fixed. so many people will lose faith in cryptocurrency as a whole if we all have to jump ship onto a different coin everytime there's a problem.

Well said. Personally I can see no valid reason why a person shouldn't drop a few dollars in ETH especially knowing what's happened to the price of BTC all these years. But hey each to their own.

Do you mean we can use the bitcoin on the Ethereum platform if bitcoin is integrated? Why do we need the Ethereum?

Its a nice topic the real death of bitcoin but I think its promoting Ethereum in other way, well we will see in the future. Bitcoin is doing its best.

Again with the death of bitcoin? When will these psychological strategies end?

Has grown fast in a short time? The rapidly increased price of Ethereum is just a classic example of a pump & dump.

Look at what is left from the price after a period of six months. At least 50% lower.

Attention all noobs:

Ether does not have a limited coin cap like bitcoin (which has 21 million).
The Ether Devs have stated that they can and will release more ETH coins into the market if users hoard too many.
Thus, Ether is not a speculative commodity. It is only a token to power their contract-system.
You are investing in a token that is not designed to increase in value over time.

Buy some if you wish to participate in the current pump & dump rallies.
But it will not over take Bitcoin/bitcoin. That is against common sense.

My guess, second ETH dump incoming around February 25th or the 26th.

This should be in the Altcoins section, as well.

In regards to BTCitcoin being changed as opposed to what it's now, Isn't since start, it was supposed to be how Satoshi it self wanted it to be from years to come and that's what dev's are doing? AFAIK nothing would change unless Satoshi itself comes out and decides to tweak it a bit unless I'm missing something.

You're missing a whole lot.
In this picture, different colors represent different Bitcoin nodes.
https://coin.dance/nodes/image/share.png
https://coin.dance/nodes
Different nodes are different because they have different rule sets.

The following picture illustrates the consensus mechanism for making changes to Bitcoin:

http://s13.postimg.org/o3bgn0hx3/bitches.jpg

Yeah bitcoin is doing the best and at a moment and it will be far better in future, as it is expected that the price would reach the moon, so I don't think that bitcoin will die that soon.

Complete BS, go FUD somewhere else. Plus it's a complete nonsense to think that because Bitcoin has a finite quantity it will only go up, look it up.

Don't jiggle with your coins. Hoard them!

Hope you didn't buy too many ETH at too high of a price.  ;)
Everyone who trades altcoins knows this to be true.
Sorry you didn't get the memo.

Please provide me the link what the max Ether coin limit is and
also where the Ether Devs say that ETH is a speculative device.

Bitcoin is dead again? Yeah, OK.
I see nothing happening that is not exactly what was expected and consistent with the way the protocol is supposed to work. ETH I know nothing about other than, like all alt coins, it was created to address some perceived problem. I think ETH has no cap and so will eventually burn out. Like all almost every single alt. It is the beanie baby effect. They were valuable for a brief time. Then the producers made a million of them and sold them to suckers. That can't happen with bitcoin because fortunately we will never have a bitcoin CEO.

Don't worry I already did plenty of money, even if it goes back to 40-50-60s I will laugh all my way down like the Joker. You think 72 million is a infinite number? They add 10 more per year or something like that, look it up. The Bitcoin scarcity is a complete fallacy, it should already be 2 million dollar each if that was case but not one actually uses it, go ask around, it's a joke. Every sh*tcoin with 1 million coins would be worth more than Bitcoin then. It's great as a storage of value in the long term because it has proven to be safe and relatively stable over the years (except for 2013 bubble) but that's it.

Imagine what an ETH could be valued at if it actually gets adopted by companies and dapps are developed, the sky is the limit.

The real death  of bitcoin will occur when it will get replaced by some other innovative and strong crypto currency in future, or else it will never die.

Bitcoin was created as a Cryto-Currency. That is what it is currently doing.
Bitcoin "scarcity" is based upon economics and the well established historical record of mining for "precious metals".
In theory, Bitcoin should act and react in the manner that it was designed to be, a "digital-gold".

Ether Devs have stated they will fix the price of ETH to a small steady price (well below $10)
so that their contracting system doesn't become too expensive for users and companies to use.
They stated they will continue to dump more coins into the market to prevent rapid price increases.
They stated that ETH is just a token and should not be seen as a speculative device.

Buyer beware.

The advantage of bitcoin being decentralized is that the 21million limit ist just that, a limit.  ETH might have advantages in that it is more malleable as it is centralized, but that comes with the disadvantages that they can change the entire direction of the currency as and when they choose.

Basically at the moment all crypto is valued based on trust.  Bitcoin has a value because it can't be heavily diluted, just as with PMs, ETH could be 'printed' like fiat is.  I think that the powers that be would prefer that ETH was successful and that Bitcoin dies, that's a good sign that Bitcoin is superior.

Exactly, if there would be no limit on bitcoin, it would make it lose it's value. It's like gold.

This is not acceptable.
Just now I made a transaction (https://blockchain.info/tx/3908fd229db1d3fa836a6c78c0dd34e7fb40ad0ce72b49927b62864c8d97836f) for an exchange deal and my Blockchain wallet app deducted 0.0028 BTC.

Still now after 2 blocks being mined so far the transaction has not got any confirmation.
This proved how the network is jammed! :-\

Implementation of 2MB blocks are a must to solve these kind of scenario.

You are not the first person to predict the death of Bitcoin. (https://bitcointalk.org/index.php?topic=1329871.0) But for the sake of a thought experiment, let's say that Bitcoin literally dies. Nobody's mining it and nodes are being turned off too. Does this mean the ideas behind Bitcoin have failed? Not necessarily; it just means that Bitcoin was always meant to be "Version 1.0" and there are better altcoins and Blockchain applications that are still decentralized and could succeed.

And, guys, Ether is an appcoin. It's the lubricant that runs the Ethereum network and was never really meant to be a speculative coin. Even the developers have said that. You can buy it and sell it, but they prefer that you use it as the token you use to "pay for" Ethereum's services.

2MB blocks will buy Bitcoin some time but the underlying problem will not go away.

These things have to be looked by the bitcoins minner and people who control them. They need to get fixes for these minor issues.
Once these issues get resolved, you can see the bitcion raising to its peak.

Bitcoin can not be ruled out that easily rather it is impossible to kill bitcoin, no matter what happens and also you can not compare it with ETH or any other alt currency. Also you can see the price of bitcoin increasing day by day.

Sure they are. From the user's point of view, you have coins in your program which you send to someone else. And that's completely the same no matter what lies under.

it depend what you're comparing, the two coins are comparable yes, but the platform and bitcoin not so much, bitcoin can be used on the ETH platform i believe or maybe i'm wrong?

If that is the case, why do we need Ethereum coin? We just need any other coin? Is there a catch here?

The basic difference is that  Ethereum is controlled by companies, a few people who will have control over it.. while Bitcoins is totally different. there is no authority to control bitcoins

we dont need eth, its just yet another over complicated almost centralised pos :)

BTC have thousands of daily users worldwide, so you can imagine how many years need any of altcoins to reach that level.  ;)

Thats complete bullshit. Ethereum is controlled by miner consensus and open source development exactly the same control mechanism as bitcoin.

Finish him!
http://cdn.ebaumsworld.com/mediaFiles/picture/713575/80597851.gif

This is all i need to decide where to invest
Now ask yourself, will you invest in ETH again? And what was that about BITCOIN DEAD? WHAT?

Why didn't you invested in platform that using Bitcoin, why did you invented wheel again?
If something works don't change it.

By this logic put your money into gold.

No gold is good LT investment, without doubt.

Bitcoin is decentralized digital currency.

You can call it investment, new gold what're you want, but it's here and will stay for a long time.
This is not case for about 90% of all alts. Especially ico where investors want to exit at some point.

It takes bitcoin 7 years to reach market cap of $7 billion. It took less than 7 months for the Ethereum to reach $0.5 billion.

Yes this is only possible because Bitcoin already set a path for many alts to come.
There is nothing magical here just hype and many of you will get burned.

There won't be an altcoin reaching the level of bitcoin any time soon.
Ethereum reached 0.5 billion but I doubt it can get bigger than bitcoin.

Hey, just an update here.
On the 23 of February I said ETH would dump either the 25th or 26th (see above).
ETH users should check the charts today. No surprise there.
If you didn't see this coming, you haven't traded alts long enough.

See you all in the troll boxes.

From time to time we have good organized ico's and they are always something sensational.
 This will be forgotten few months ahead..I dont know why are you people so naive?

Ethereum can never replace bitcoins and still many don't even know about it as they read about bitcoins. The price is uncomparable. With the blocksize issue, it won't mean bitcoins are dying but I agree that transactions may get delayed
which is the case now.

Ethereum is all about hype just like Doge, it will never ever replace bitcoin.

Didn't happen. Current price as of this moment is $ 6.09. Earlier today it was being traded for ~ $ 5.70 but still this is better than yesterday when it started the day trading at $ 5.60. So, your prediction is wrong.

Here is a nice image that shows the "non-existent dump" on the 25th of February.
You are using the USD markets, which are total crap. Majority of ETH is bought and sold through BTC.

https://i.imgur.com/ueGhQp8.png

Get ready for more dumps.  ;)
The ETH Devs gotta pay their bills, so they are going to need more BTC soon.

Ethereum same fucking game as all the other shitcoin pump/dumps. The price goes to shit for juuuust long enough for most holders to give up and sell, then the price gets pumped by the big holder(s) looking for idiots to buy into for fear of missing out. Same fucking thing different name, Ethereum is worthless code like all the rest.

Here's a nice, more realistic one, includes BTC and USD:

https://i.imgur.com/OE03usG.png

Your chart is misleading, probably is because of Kraken technical problems.

First off my chart is directly from Poloniex, the largest and most reputable exchange for trading ETH.
Kraken's technical problems are unrelated to my chart data.

Second, your chart which uses USD doesn't exist since there are no large ETH/USD markets other than Kraken.
Which is an exchange you yourself point out as having data problems, but seems to be what your chart is based upon.

I'll repeat myself. There was a dump and everyone who was trading then, clearly saw that.
They all have short positions set, ready for the next dump, which should happen as soon as
the ETH bot is done sucking in more noobs.

Beware and sell your ETH now.