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My ETH did not spike down on this news and my Ripple was just fine so the news from South Korea
is an excuse for Bitcoin losses over the past month that are due to sky high transactions fees.
I have a "Stop Loss" on Bitcoin at $10,000 and will take the rest of my winnings out if this
happens and will be looking to gamble on coins that don't use the defunct old block-chain and
the BTC fans here cannot argue with statement since Lightning is all about taking transactions
"Of-Chain" anyway so yes you was sold a dud
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" What to do with the people who don't like Bitcoin"
Maybe you listen to them if your not a stock broker or computer programmer is what you do.
Lets not pretend we are not gambling or that BTC is in a bubble because both maths and history
says otherwise even if you don't want to hear it.
The tech behind BTC is a steam engine but to make things worse the miners pushed the price
of coal far too high so don't be surprised if the petrol engine takes over
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Absolutely I agreed with you on scalability issues of bitcoin has to be resolved once and for all else investors will look for other alternative which is ripple, and bankers are massively adopting this coin which I believed is a threat to bitcoin.
When it looks like the wheels are about to fall off something you don't put the price up but that is just what the BTC miners have done and was the development team any good then instead of filling there pockets they just need a little code to choke back on data hitting the block-chain without ripping us off. This lead me to look more closely at lightning and I don't like what I see and we get hubs charging fees and can force you to settle up the account and pay $25-45 to the miners. Hubs are banks, make no mistake about it and they have already tried to play the "Virtually free transactions fees" card so they can stick it when trying to play it again. I want to see a cast iron fee structure and not "Market Decides" because that has lead to a monopoly in BTC where 10 big miners control 90% of transactions and we have silly fees See https://blockchain.info/pools |
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your transaction is simply paying to two addresses the second one is a SegWit address "bc1qkqz2fhmhkfe7zejf55pv96uj2tddszfrfh7ujer2kjy9j6ujvu6skl0r0r" which has received 0.00985191BTC and the transaction is confirmed. now you should ask the seller what his address was. if it is this SegWit (Bech32) address then he has already received the payment.
How can you send a payment to two addresses, i just don't get the segwit thing and I though the whole thing got dropped in BTC a few months ago but it's looks like they activate the code anyway in BTC Core Spill the beans will you gov |
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I think it's natural activity for any digital currency, many of peolpe sell their bitcoins for fiat money so for sometimes bitcoin fall some down, but you see not fall about under 12000$! and now it's time to buy and gather some bitcoin.
Someone said the same to me about my shares in IBM who had the world at there feet once when it came to "Personal Computers" but they were to expensive and so are BTC fees so maybe you remember them from a long time ago and should draw a lesson from history to predict the future |
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Bitcoin value was dropping recently because it under market correction. Thankfully, the bitcoin price started recovering very strong today with about 13% increase in value reaching up $15,000. That is a good sign showing bitcoin will soon be out of the correction period.
it's trading side ways and has been for weeks after a big drop that was due to far to expensive transactions fees just to commit 250 bytes of data to the block-chain. BTC has been lossing ground to ETH and Ripple because the miners got greedy and now no one can really trust them or the development team who should had place safeguards in place like public static money MaxFee = 1.50 // 20,000 miners fighting over a mere 7 trades a second is stupid Spamming of the network for small trades during peek periods can be stopped too, it's not rocket science if (Amount <0.001 && Mempool > 10,000) return Error.Trade_To_Low |
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Yes it's broken in terms of scaling and fees too but they are using a carrot of the lightning network (LN) to fix it and keep people gambling/investing but LN uses hubs and they charge fees on top of you having to pay fees to miners when you close a channel to a hub See https://bitcointalk.org/index.php?topic=2680315.new#newThey say "Low fees" not capped to $0.10 or anything so where have I heard that old chestnut of a lie before. Sure if you use LN to buy a coffee a day for a year from a local coffee shop you might save but in the real world you are about to get stuffed as I understand it |
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Asking the question like that here is like asking a drunk if drink can harm you.
See Russia Today RT.COM and you can see what the general public thinks and
no I would study up on other coins because fees are killing this one.
p.s I am not desperate to find a bigger fool than me to sell too
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Technology does not stand still, but it takes time and effort to implement. Now the task is just debugging and testing. Payments already pass through the network.
But BTC Core has already had six years of that and LN is so complicated that no one seems able to explain it in full but the hubs are banks because they charge fees and then you hear the second hand promise about low fees. Fool me once, shame on you, fool me ............ |
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Ripple scales and has little fees but BTC has big BIG fess so its a no brainier who's going to win
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Some people here were saying it's the right to to buy when prices were last at $19,000 because they are always looking for a bigger fool to sell on too. Transactions fees has sent Bitcoin trading sideways and other coins as a result look a much safer bet and given that the network has all but crashed and the only thing going to the moon are transaction fees then I can only assume that the Lightning Network carrot must be the only reason everyone has not jumped ship. The BTC white-paper said "Virtual fee transactions fees" and it turned out to be a lie so I wonder if they are telling pork pies about LN so I spent some time looking so close your eyes if you cannot bear the results or feel free to argue if you think i am wrong https://bitcointalk.org/index.php?topic=2680315.new#new |
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I take back everything I ever said about fat cat bankers now I have come across Bitcoin miners
charging me $80 last week in fees and I was not even buying a car or a house.
Should take second and cost next to nuffing to send a score over the wire not $45 you robbing bastards
and yes I am talking to the 19,000 out of 20,000 miners that we don't even need on the network in the first
place so go back to you X-Boxes and play CoD instead of CPU War with each other because you will all
have more fun!
The elephant in the room is transaction fees
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I was explaining Bitcoin to my gran (88 years old, bit deaf in one ear) and it was sort of going fine until I get to the bit about putting a postage stamp on the envelope to cover fees and I told her the stamp costs between $25-45 per stamp and you never knew quite what price it would cost until you sent the letter. Well did she laugh and she said that the last time she gave the postman $40 he came inside and took all his clothes off but she's getting a bit to old for that nowadays  The mejia won't talk about fees being the elephant in the room |
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first trial payment using LN done so it will take a small time to released.
Are you sure because it took six years of testing BTC Core only to find it would not scale and Lightning seem so complicated that no one can explain quite how it works so I tried myself https://bitcointalk.org/index.php?topic=2680315.new#newif this happen’s in 2018 price will break historical numbers oh it will do that alright if what I am picking up so far about LN is true but if all you want to see is "Faster speeds, Billions of transactions a second, low fees" then best ignore facts to-date 1. Three hour network delays 2. Just seven transactions a second (Billions ) 3. BTC white-paper "Virtually free transaction fees" Banks keep balances and charge fees but in crypto-gag-ga-land we call them Lightning Hubs because we don't want to panic the sheeple |
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Of course, for 4.99$ you can not buy a bit of bitcoin, because fees will cost more. But it's funny.
Yes we all know you need to spend $103.99 buying $100 worth of BTC with coin base and then send it to your own private wallet and buy one box of chocolates and the money is gone. The miners keep getting to call "Bingo" but with a cleaver bit of marketing the Lightning Network (LN) allows these miners to become hubs (Mini Banks) so it will be "Bingo, Bingo" for them and get me out of here for everyone else. Are you sure you understand LN and what it will mean for us all because I did a little post about it all. https://bitcointalk.org/index.php?topic=2680315.new#newDo feel free to argue if you feel I have got any of my facts wrong
The elephant in the room is fees |
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if you want to see whats really is happening with the lightning network then see https://bitcointalk.org/index.php?topic=2680315.new#newhowever if you are not too upset if you get fixed up with a lady-boy on your night out to the casino then just go with "I love you lang time" and I am sure you will be OK  |
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Jaxx is a good wallet to apart from it not being hack proof because the 12 word catch phrase
gets saved to disk but if you run it on an android device and use a spare MicroSD card for the
app then it starts to look safer.
Yes agree you need to own the private keys and coinbase cannot even be trusted to pay
the $10 signing up bonus so you would have to be stark raving mad to trust them with large
amounts
ShapeShift in Jaxx allows you to sell BTC and buy another currency and we all know Coinbase
goes down when BTC has a spike so it's not a bad backup plan because high BTC fees from
miners is killing the goose that laid the golden egg IMHO
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I remember BTC at $0.15 and it was just being past around as a play thing and the fees were like
$0.0000001 so working backwards based on silly fees like we have today just what will it be worth because
rotting fruits don't trade as well.
BTC is losing ground to the other alt-coins and this is the reason so it could well fall off a cliff if the
rot is not stopped
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Lightning Network is coming and that has these things the development team is trying to sell us as hubs but they are banks and will be charging us fees https://bitcointalk.org/index.php?topic=2680315.new#newWhat again was you saying about banks disappearing because they will be multiplying like rabbits if you ask me and the BTC development team will be running them and calling themselves miners $45 just to process 250 bytes of data is a total joke but maybe a few more flashing lights and extra buttons on the slot machine will make you all think that the chances of winning has increased even if it's going down. |
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