If something ever replaces Bitcoin, crypto as a whole is fucked. Whatever that replaces Bitcoin will be replaced too at some point and this will continue until crypto has become completely redundant as a whole.
Good thing for Bitcoin is that more and more people start to see it as a digital form of Gold, and the best thing is that more and more people actually buy Bitcoin because of that instead of it being a quick flip investment.
I am not a huge fan of Gold, have also been trashing it when it comes to its usability as money, but there is no comparison in its own field. Gold is absolute in every possible way as precious metal, and that for thousands of years now. I can respect that.
You are right in that bitcoin cannot be replaced periodically by "the next big thing" because it would be pointless to call it a store of value. But that's the thing, in order for hodlers to bother with moving their funds into some new exotic "better than bitcoin" promise it would need to be something mindblowing that destroys bitcoin unarguably on every angle. This is delusional sci-fi right now. Noobs think tweaking some values does just that but that's not how things work. |
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Manny won, AB tried to do what Floyd did, but AB is not Floyd. AB still showed some world class defense, but he didn't put the necessary aggression enough to get judges on his side. Manny has many options now. Floyd rematch would be huge but if he somehow managed to beat some of the young elite fighters like Crawford it would be massive.
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What did I miss with all the hats here?
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Floyd said he wanted a tune up fight before Pacman 2. I would do a tune up fight, do a Pacman rematch and retire, but he will probably be too tempted to fight in the future again, perhaps Khabib on a boxing match for an huge payday. Dana White says no but Khabib is becoming big enough to do his own thing. Floyd should win all of these fights by decision as usual, but if he keeps fighting he may fuck it up eventually, specially if he keeps spending too much and is forced to fight for money.
Anyway cant wait for Tyson vs Wilder. 100 bucks for a quick Wilder KO sounds fun but most likely Tyson can bring it to UD.
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I didnt rewatch Canelo vs GGG 1 which is how you really see who won in a close match, so in the moment when I saw it I wasn't that shocked that it was a draw. I think people just wanted a winner and a lot of people became pissed off at a draw.. specially GGG fans because they saw his perfect record get an 1 on it.. but would need to rewatch.
This second time I think GGG has made the right adjustments and he will win, will put 100 bucks on it just to spice it up.
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The other day it was 9 11 and it made me think about it again...
I saw anonymint has made some posts on this subject. I have seen good arguments on both sides, with research by engineers etc. I can't still really decide. I remain open minded. But some things are really interesting... just like how Lucky Silverstein didn't show up there that morning because he had an appointment with a dermatologist and neither did family members that worked there apparently and he made like billions out of the disaster...
Deep down I refuse a bit that so much evil can exist. When it happened I was a kid and became a bit traumatized.
And its not just some barbaric primitive thing, the fact that its a very intricate series of events and planning makes it even more fucked up.
Anyway, big off-topic because fuck it, its the speculation section.
On the price itself.. let's say BTC hits $500k+ by around 2030 and we are all rich. Which countries will be safe places to stay? no point in having money if your country is or about to become flushed. I think it would be interesting to talk about that and plan ahead.
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https://theoryofself.com/nuance-in-the-case-for-bitcoin-maximalism-5c4adb064a21Even in a long-term equilibrium state different communities may end up converging on different definitions of the ideal money: some favoring immutability while others prefer reversible transactions for example or preferring different trade-offs across security, transaction fees and inflation rate. Where there is consistent demand for a particular definition of money, communities can form Schelling Points and give that kind of money value.
This is especially likely given that humans often do not behave like purely rational economic agents. They despise shipping fees and a-la-carte pricing and they are (relatively) insensitive to inflation and risk. They covet both stability and growth, both security and flexibility. Community loyalty could cause users to value a niche currency even if they understand it to be inefficient, as arguably Dogecoin demonstrates already. Ultimately money is the servant of actual human demand and not economic theory, and so we may see a panoply of currencies thrive even if they don’t necessarily make sense — the economic equivalent of Wile E. Coyote never looking down. What do you think of this idea of "ideal money may not be an absolute truth"? edit: I just saw he has abandoned the forum.
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Manny looked pretty sharp and explosive, good stamina until the end. This makes the dream fight of Pac vs Loma closer. Of course Pac at 135 will have extra difficulties and Loma is just at his peak... too difficult.. but imagine the clusterfuck in boxing world if he pulls a win, would be a perfect retirement match.
Pac vs Crawford also ideal retirement match if he can end Crawfords undefeated record. Floyd rated him the best p2p currently.
It has to be one of these two. I don't want to see a Horn rematch if it has to be the last Pac fight.
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I dont doubt Core has world class coders. The problem is, bitcoin is much more than that. Does Core have world class game theory and high finance thinkers too? has gmaxwell debated MP and anonymint on the game theory involving segwit long term? or he just points at how "the code is great"?
Why should I even entertain the risk (no matter how small) when I can just keep the cold storage on legacy addresses?
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I bet you someone comes up with a fee-less POW based chain that doesn't centralise the mining. That'll be our little contest.
This sounds the same as someone coming up with a perpetual motion machine. "fee-less POW" probably breaks some fundamental laws of physics. I can't even finish an IQ test and see these things as obvious, cmon now. Maybe try again in a couple 100 years and we may have some mind blowing stuff which allows for very reduced fees at big volume transactions without compromising security and decentralization but certainly not "fee-less". Fee as in financial fee.. no perpetual motion required, users will obviously have to put something in (probably POW.. who knows.. maybe user based POCW) T.E.T.O. (^^ above) has a fee-less POW based chain (DAG) that doesn't centralise the mining (AND no coordinator). It has it's particular issues ( seem like generic DAG issues ).. but it's pretty close. (Congrats to Monstererer2! for coming up with an original design) IOTA has no fees, doesn't centralise the mining, and almost works, but they have the Coordinator issue. 2 down.. and only an infinite number of different fee-less blockchain algos still to go.. .. It won't take 100 years to crack this nut  ps - I admit I am also working on a coin (fee-less) - aren't we all !? (win or lose - It's just too much fun)
Im not discouraging anyone to stop trying. However, remember that something only works when it's worth several billion dollars over a span of 10+ years, can handle state-sponsored attacks and so on. I would like to see these alts in the #1 spot taking all the heat. #1 spot = gets the most attacks by hackers and attackers all over the world. Ultimate street creed if you fuck up the #1 crypto, so you must be prepared for that. Every post from @anunymint apparently was deleted. The thread is now very difficult to understand because a significant portion of the discussion is missing.
What happened? anyway there is an archive of his posts here: https://archive.fo/lNr2W |
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@Boafeng. That news article is hype. Do not trust anything positive written on the fight before any fight. You will go home very disappointed hehehe. Remember Floyd versus Manny, or Floyd versus Conor McGregor? Both fights were hyped to be super fights, they pleased many people, but ended failing to impress the real fans.
Floyd vs Manny was good from a very technical perspective if you enjoy defensive boxing... Floyd neutered Manny, he did what he had to do, it was Manny's job to be the aggressor, who was expecting Floyd to take huge risks? he hasn't been doing that for a while. He made Manny swing at air and miss many shots, Floyd was scoring surgically as usual. It may have been a bit tedious at some points and missing some action but I wasn't expecting anything much different than what we saw. Floyd vs Connor was a fun match, I enjoyed both the hype and the actual match even as a "real boxing fan". |
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I bet you someone comes up with a fee-less POW based chain that doesn't centralise the mining. That'll be our little contest.
This sounds the same as someone coming up with a perpetual motion machine. "fee-less POW" probably breaks some fundamental laws of physics. I can't even finish an IQ test and see these things as obvious, cmon now. Maybe try again in a couple 100 years and we may have some mind blowing stuff which allows for very reduced fees at big volume transactions without compromising security and decentralization but certainly not "fee-less". |
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I would never rule out Pacquiao from any fight and will always watch his fights, it was unfortunate to see him lose against that aussie guy last time. His 2 win streak was looking good after the Floyd fight. If he is in good physical condition he can keep doing it for a while. I see him still kicking ass past age 40 if he stays in shape and active like Hopkins. But he has a very physical style, unlike Floyd which was able to slow down the pace of a fight and perform surgery on opponents. Pac may have difficulties with young prospects.
My favorite right now is Loma, but he has to still face bigger names to become a future hall of famer.
@bbc.reporter, it looks like @harizen has already point out the reason why Pacquiao is still fighting and would love to continue doing it. @thejaytiesto, that lost to Jeff Horn is just a fluke, anyone who have watch it will not agree to the judges. We really like Pacquaio to fight, however, father time is really catching up on him. His fighting style will be a big factor specially if you are aging as compare to Floyd who is very defensive, while Pacquiao loves to bang. Loma and Crawford are the new cash cow of boxing. Loma vs Crawford would be epic, but Loma vs Mickey more realistic. Crawford is too big for Loma, but so was Loma for Rigo and the fight happened... I think Loma could bulk 10lbs and fight Crawford at 140 but he may not take the risk. |
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post
At what point would you consider the segwit attack scenario expired? or it will be a constant realistic threat forever? What if it doesn't happen in 2019.. 2020.. 2025. At what point would you assume it doesn't happen (if ever) The way I see it is, if you believe segwit is safe, then you have a bet opened against MP and co, anyone with power that doesn't like segwit basically, and this includes Jihan btw. On a long enough timeline if these forces collude you could lose that bet and then you are fucked, meanwhile if one holds 1coins then your btc is safe, and if Core ends up winning your btc is also safe. This gives you an incentive to keep coins in 1addresses already. Also if you need to "convince people to keep money in segwit addresses" for segwit to be safe it just shows it can't be safe, it's actually insane if that's the case. I dont know the technical details on this but i've kept my coins in 1addresses since segwit went live because of intuition. Any upgrades in bitcoin will always be controversial by default for whatever reasons, meanwhile no one is going to be able to defend going against the original format because the main point of bitcoin is always backward compatibility so who the fuck would be against that without being seen as an enemy. Therefore the default place to be is 1adrs. PS: no, im not a big blocker or altcoiner. I dont understand why people assume that you are a bch fanboy if you criticize segwit in any way. Im not a fanboy of anyone, i dont care about anyone involved in these power wars, i just want my btc to be safe when they are done fucking each other up, and the conclusion ive arrived is i should keep my money in 1adrs, for reasons explained above. |
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I would never rule out Pacquiao from any fight and will always watch his fights, it was unfortunate to see him lose against that aussie guy last time. His 2 win streak was looking good after the Floyd fight. If he is in good physical condition he can keep doing it for a while. I see him still kicking ass past age 40 if he stays in shape and active like Hopkins. But he has a very physical style, unlike Floyd which was able to slow down the pace of a fight and perform surgery on opponents. Pac may have difficulties with young prospects.
My favorite right now is Loma, but he has to still face bigger names to become a future hall of famer.
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 rumours of a flood in Sichuan devastating a mine nice water-cooling |
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Some explorers still show "unable to decode" for segwit addresses. They aren't clickable in blockchain.info https://blockchain.info/tx/f808c5ec3e1cefd2d3a9153128344b4f043bb2507274115b4cb2d839a72b93fcAnyway, recently Jihan was asked: "Why are the miners still supporting Bitcoin Core? Is it just a short term profitability play?", he answered: "Yes, exactly."  Is Jihan serious about BCH or he is using Ver and Craig as useful idiots to milk it while it lasts? or some or none of them are serious and just want more BTC? edit: Well this is off topic tbh, I was too lazy to create a thread on that or search a thread for the specific subject, I need to go get some sleep now. |
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@anonymint: You mentioned somewhere that your coins could be stolen during the hypothetical "segwit thief" even if you received them as legacy format transactions, because if these coins had ever been touched by a segwit transaction from that point it becomes susceptible for the attack? I think you also mentioned that the entirety of the wallet could be under risk. I cant find the quote.
Anyway what im saying is:
legacy->segwit->legacy = your coins are at risk?
I have been accepting some segwit transactions assuming said risk so I will be able to find if they ever magically move myself, but I don't get how the rest of the wallet could be under risk.
if I have addresses pre-segwit fork with bitcoins in it in a wallet.dat, and I generate some segwit addresses and store them there in the same wallet, given that I don't mix inputs when sending transactions (I use the nice "coin control" feature in Bitcoin Core for that) then I don't see how these pre-segwit fork coins could be at risk, since they haven't even moved since then.
What I don't get is how are you supposed to be sure that you are receiving a transaction that has a "clean", no-segwit history. This will be increasingly harder for any moving coins as time goes on, segwit is now 44% and rising. Honestly if that ever happens I have doubts if there would be a recovery from such a clusterfuck.
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If you want good posts in native english and no spam, let me know:
Bitcointalk Username: thejaytiesto
Rank: Legendary
Current post count: 4035 (including this one)
BTC Address: 1L8ADK3G8vp8gwcuWs54jqrpXPLkx9WAsu
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Testing out the latest Bitcoin Core 0.16 now that I got some free time, and it seems it defaults to the nested format, then to the "bech32" format if the box is clicked within the "Receive" tab.
I was only able to use the legacy format when adding -addresstype=legacy to a shortcut, kind of annoying workaround. Is there any way to generate legacy addresses and segwit addresses at will without having to open and close the client? I can't find anything within the command line.
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