You’re funny gleb but these fukrs have now targeted my kids.  I run into the fire.

Fuk them. Suicide me.  Fukrs.

Or back off!!!

^


That is all I will say.

There are no deadlines for the wallet except that it should be soon. The project should be fully complete around Q1 of 2018. It is realistic to keep in mind that deadlines are rarely met and are just for information purpose. Just tell yourselves that you will be able to trade by Q2 of 2018 and everything should be fine.

 

Finally, they said that HitBTC wanted $400 000 as a fee for listing NVST.

You mean other bitcoin's fork? Bitcoin cash is the first hard fork of bitcoin. Other fork coins are made by premined, or instamined, it is very unfair. Only bitcoin cash can compete with bitcoin.

Lots of chatter out there about this being true.Propaganda machine alert! "Everyone buying BTC indirectly supporting bond villain about to take over the world activities and should dump right away"

He should use all that n_EW clear stuff to power his mining rigs instead.Maybe he could fire up the razor and give himself a proper haircut at the same time.No offense but that tar ball [no pun intended] on his melon looks worse that the tumbleweed on the trumpets head.

The winkelwos brothers ? i hear they have a million bitcoin.

The fork is needed because otherwise some people won't be able to use Bitcoin.

Bitcoin isn't for everybody. Creating something useful that everyone can use is an exercise in trying to create something that's useful but worthless. Such a thing may exist, in the sense perpetuum mobile may exist. As far as the science of physics goes, they do not.

Should blocks ever become full, older coinbases will be prioritized over newer coinbases, and larger mining fees and transactions prioritized over smaller mining fees and smaller transactions. This means that someone who wishes to pay for very little with Bitcoin will be forced to use something else, so to speak is forced to "give his seat" to someone richer. This is exactly the point and the intent of Bitcoin : to force the poor to yield to the rich, unversally, as a matter of course.

Do you think BCC is going to be the real BTC then, even though it is forking? Is Craig Wright going to support Bitcoin Cash or another fork down the line?

Neither BCC nor any clone of Bitcoin can be the “Real Bitcoin” as so defined. Craig Wright in his desire to reject SegWit is a supporter of the real Bitcoin, but if he tries to fork the block size then he is basically writing free options.



Bitcoin probably already has a lock on the intrinsic value of a reserve currency for cryptocurrencies, and the medium-of-exchange to/from fiat. Thus I argue the worst outcome is to fork Bitcoin in August destroying the immutability which insures a 21 million coin limit (and I think all Bitcoin forks will fail because whales will protect the intrinsic value of Bitcoin).

I realize it is unsatisfying to Bitcoin fans if Bitcoin will not scale, but Bitcoin does not need to scale as it can be the on/off ramp to fiat and BTC saving for the altcoin that provides scaling,. Since there will likely be many such competing altcoins, then BTC remains the common denominator for investing in the crypto sector, i.e. the reserve currency of cryptocurrency.


Even if Bitcoin was forked to add some weak ass non-scaling lie, it will still never be that cryptocurrency that provides the breakthrough I am alluding to above. For that, we need competition and experimentation amongst altcoins (not forking the BTC unit into chaotic confusion). Thus we need a stable reserve cryptocurrency and that is Bitcoin. We have it, so no benefit in destroying it whilst trying to make it be something it can not be. Transaction fees will go up on-chain, so eventually those who can not afford have to move to an exchange or an altcoin. That drives a market need for altcoins to compete for the best solution.



The minnows are entirely worthless and insignificant. As usual, the sheep are pushed out on to the regulated farm so they can be harvested for economic parasitism by the shadow elite.

The fate of this fork will be exactly the fate of all attempted forks to date : the savvy Bitcoin holders will sell their fake-Bitcoins on the fake network, while double-spending (and thus invalidating) their sale on the actual network, thereby keeping their actual Bitcoin safe.iv The proceeds of this "victimless"v crime will be used to purchase more legitimate Bitcoins on the legitimate network, thus draining away value from the holders of Bitcoin fakes, into the pockets of the legitimate Bitcoin holders.

However there is an alternative scenario in that Bitmain et al might entirely ignore TRB and so a smaller miner such as perhaps Craig Wright’s claimed 20% share of network hashrate might take the risk to start “stealing” the SegWit transactions on and by mining TRB. As time goes on, it becomes more difficult for even Bitmain to orphan those older blocks as the amount of proof-of-work difficulty on the longest chain accumulates over time. The Bitcoin million BTC kingpin Mircea Popescu and others who are astute will be selling their BTC on the Core fork (as I explained how to do) and buying TRB somehow (will Craig Wright be providing an exchange?). This will continue to raise the hashrate of TRB relative to the Core fork.

A third and perhaps less likely scenario is that a sufficiently powerful player such as Bitmain could periodically swoop in driving hashrate of TRB up, orphaning recent blocks to steal back more SegWit (and any replayed Core transactions that were paid by Bitmain or proxies/allies), and then appear to leave only to come back again. This might be done to attack confidence in TRB and Core/SegWit in order to make the Bitcoin Cash fork look more relatively stable.

I anticipate the vast majority (if not all) of the news during August should be about the successful activation of SegWit and the euphoria of finally getting some scaling moving forward on Bitcoin. As well, the inability of Bitcoin Cash to dominate thus leading to more confidence in a victory of the New York Agreement. Thus I expect a blow off top in the BTC price perhaps even north of $4000. Not sure if we will get a waterfall crash after that peak or just a Fibonacci pullback, perhaps the latter if TRB has not kicked into high gear yet. It is also possible that Bitcoin Cash (BCC) has more initial success than I expect, and thus we might see instead of a moderation of the BTC and BCC prices, but perhaps the sum of the two $4000+.

Then as SegWit usage increases with adoption of Lightning Networks, the carrot for “stealing” SegWit on TRB increases until it (not if it) happens.

Unfortunately I think when this plays out fully, then we will see a waterfall crash in the cryptocurrency prices, because it will obliterate confidence in Bitcoin for perhaps up to a year or so (maybe only 6 months but I doubt it because it will be so shocking to everyone that Core was never really Bitcoin). Everyone will think that TRB is about theft and that cryptocurrency can never be trusted (when in fact it is Core that is enabling the loss of Bitcoins). The majority will be fearful as they see the price of Core BTC collapsing and they will fear to hold any cryptocurrency. Remember what Mt. Gox’s collapse did to Bitcoin (and altcoins) after crashed from over $1000+ in 2013.


*TRB http://thebitcoin.foundation/index.html





EDIT: TRB will accept SegWit blocks but SegWit transactions are spendable by anyone! I sourced that link on Trilema. I verified that Satoshi’s Bitcoin indeed enables anyone to spend P2SH. http://btcbase.org/log/2017-07-18#1685847



BTC spent with a SegWit transaction will be stolen by the first miner who can put a spend transaction in a block of the TRB (legacy Bitcoin) chain.


https://bitcoin.stackexchange.com/questions/9678/what-is-script-hash-address-exactly-and-how-does-it-work/answer-40730#answer-40730



It appears that any HF will only begin once there are recognizable SegWit transactions in a block, which the Real Bitcoin will refuse to mine on. Note I read that the format of a SegWit transaction is such that it can’t be detected until it is spent.

So it appears to me we will get a significant rise in the BTC price after August 1 (perhaps to $4000+?) which will be pushed by the enthusiasm about the hashrate support for SegWit and perhaps also people selling BCC to buy BTC creating more buying demand.

And then August 23 or so, I expect the SegWit chain to fork off from the minority hashrate Real Bitcoin one, and Bitcoin kingpin Mircea Popescu will begin selling the SegWit BTC and buying the Real BTC gradually driving the price of the former down and the latter up and then the hashrate will gradually switch over as well. Charlie Shrem (@charlieshrem) is mocking Mircea Popescu’s statement, “As far as anyone will be able to perceive, miners simply left”.

    Afaik, to spend your BTC on the SegWit fork so that it can not be replayed on the legacy Bitcoin will require either mixing with some transactions from blocks that derived from a block containing a SegWit transaction, but (this probably does not scale well and) these can not begin until August 23. Before then, the other way is to attempt to double-spend to yourself on the SegWit fork and legacy Bitcoin over and over until it happens. You’ll need to import your private keys into separate wallets for each fork.

Note we might see altcoins initially dropped as BTC is rising, then the altcoins may catch up. As the HF chaos hits August 23 or so, we might see LTC skyrocket as the community realizes SegWit is dead on Bitcoin and Litecoin already has SegWit. Especially if BCC is defeated so that Jihan Wu (Bitmain) only has Litecoin remaining as their main scaling solution altcoin.

But we might see a collapse in all crypto perhaps after moving up to a peak before everyone realizes SegWit is fucked. Another crypto winter may be upon us after this blow off top ends with theft of the SegWit transactions.

EDIT:

    What's your time frame for that?

Difficult to say how long after Aug 23 it will take for there to be enough SegWit transactions to steal, so that miners break away from SegWit chain and mine on real bitcoin chain.

TRB now WILL accept segwit blocks, but it will not parse the segwit'd portion as anything other than "anyone can spend"

You guys hear the plan for when the Bitcoin, err, Segwit Chain freezes up?  

AXA/Bilderberg funded Blockstream/Core launched 3 satellites into orbit.  

Soooo, 2 nodes (one on standby) are gonna "verify" your transactions.

All owned and operated by the guys paying their salaries.  See how that works?  

I was alluding to where did you glean it from?