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10461  Bitcoin / Bitcoin Discussion / Re: The "Bitcoin" used here should absolutely be called Bitcoin Core Coin. on: December 23, 2017, 06:53:20 AM
Kodak was the biggest and strongest brand in photography and it
did not want to adapt to the needs of the customers

Errr... I feel like you are talking about BCore Coin.

BCore Coin has refused to adapt to the needs of customers to the point that the average fee for a send is over $40 USD!!!!!!

This means you are going to spend over 40x the cost of a candy bar, over 4x the cost for a hit of acid and a little over 2x the cost for an 8th of weed... it what world does that seem like the future???

Bitcoin Core Devs did adapt to the needs of the customers by supplying a temporary solution in the form of SegWit, but the fools who are complaining about high fees are not using it. It has not even stopped there, they are currently developing the permanent solution, called the Lightning Network. <remind me again, how they did not adapt to the needs of the customers?>

BCash will never be able to keep up with the scaling that the Lightning Network will provide.

If you look a little bit deeper into the high fee problem, you will understand that Bitcoin <BTC> is currently under attack and being sabotaged by miners <selective mining tactics> and anonymous cowards that are spamming the network and also merchants that are refusing to implement SegWit.

There are more sinister things going on at the moment and people are blinded by Roger Ver and his cheerleaders, to see it. <spreading FUD>
10462  Bitcoin / Bitcoin Discussion / Re: Where is the crypto-anarchy spirit?? on: December 23, 2017, 06:40:30 AM
So Bitcoin has to fast track and rush the Lightning Network <and possibly push code with security exploits into the code> because you want it to scale faster? This is not a $10 000 Point of sale software experiment, but rather a multi Billion dollar experiment.

The Core Team has a huge responsibility to provide the best and most secure code for this experiment, because they are working with someone elses money.

The current high fees is a smoke screen that are being fabricated by a collective action from merchants that does not want to implement SegWit and also cowards that are hiding behind anonymity, that are spamming the network. <They are being supported by malicious miners that are manipulating the network> These miners will shift their hashing power to BCash and leave BTC to become congested and then when the miners fees increase, they jump back in to feast on the high fees.

Some Blocks contain $100 000 more in miners fees, so they are loving it.

See the bigger picture, before you start blaming Core Developers for everything. They provided the solution <SegWit> and now merchants are sabotaging that solution.
10463  Bitcoin / Bitcoin Discussion / Re: The "Bitcoin" used here should absolutely be called Bitcoin Core Coin. on: December 23, 2017, 06:21:48 AM
BCash or BCrash as it is called around here, is a centralized authority waiting to be crushed. Roger Ver
and his cheerleaders will turn into bag holders when the hype and shilling has settled and Bitcoin <As
Satoshi called it> once again crush it. Kodak was the biggest and strongest brand in photography and it
did not want to adapt to the needs of the customers <It got stuck in the old ways, like BCash is stuck in the old ways with Block sizes> and look what happened with them.

BCash has no roadmap for scaling for the future, because mainstream adoption is not possible with Block size increases, but people supporting BCash is so focused on the "NOW" and believing what Roger Ver is telling them, that they are missing the bigger picture for the future.
10464  Economy / Web Wallets / Re: I need help with blockchain.info on: December 22, 2017, 07:51:52 AM
Exposing the Seed online will destroy the integrity of the wallet, so do not use that wallet again, once you did that.

If I may ask, why are you in such a hurry to withdraw that BTC from Blockchain.info? The high fees are a temporary problem, because the network are very congested now. If you are willing to wait a few days, then the MemPool will probably be mined and the fees will decrease.

The miners are jumping back and forth between Bitcoin and BCash at the moment to mine the most profitable fork and this is causing the higher fees.
10465  Bitcoin / Development & Technical Discussion / Re: Lightning Network vs Bitcoin cash on: December 22, 2017, 07:42:11 AM
What everyone agrees on is that Lightning Network can't come soon enough. The fees for BTC transactions are becoming ridiculous recently.

Once the Lightning Network is there, BitcoinCash, Litecoin would be swept aside.

Nope, they will increase their Block sizes to try and compete with Bitcoin and the Lightning Network and then realize that it will never be able to compete. By doing this, they will open new attack vectors and their strategy will explode in their face.

LiteCoin will do much better, because it already implemented SegWit and the Lightning Network runs on top of that. BCash does not run SegWit, so they will not be able to implement the LN. ^smile^
10466  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a lot like the Churches these days on: December 22, 2017, 07:32:22 AM
I just picked up on the familiar human behaviour between what is happening in churches and also what is happening in Bitcoin. <Most of this is driven by Greed> 
...exactly the same as I did.
No.  The OP's post was phrased like an observation, using anecdotal evidence, while your post was phrased like a (rather rude and off-topic) opinion.
This is happening with Bitcoin now. People find something that would garner some support and then they splinter off to create their own little niche group.
I think that the motives deserve questioning here.  In the case of all forks proposed (apart from Bitcoin Cash), there has been a very significant premine and other shady tactics intended for the developers to gain huge amounts of money.

I wouldn't say that they're splintering off to form their own niche group so much as splintering off to see if they can gather speculators to hop on to their trend (and typically give them money when the developers have a hefty stake).

Apart from the pre-mine, they still get some free coins for all the bitcoins they hoarded at the time of the fork. By doing this, they recreate the scenario where people came in as early adopters of the technology. <The difference being that they paid nothing for those free fork coins, where the early adopters risked their own money to gamble on this technology>

Every fork creates a new Gold Rush and the Bitcoin hoarders gets free land claims.

All this is based on greed and have very little to do with the actual problems that they have with Bitcoin. <BTC> 
10467  Economy / Speculation / Re: BTC Will Go to 7500$ on: December 22, 2017, 07:24:09 AM
That would be a great day for the true believers in the technology. We will be rid of these speculators and price watchers and we will be buying super cheap coins at bargain prices. We have gone through this before in the past and the people with the biggest balls, made the biggest profits in the end.

I hope these non-believers will sell all their coins and exit the scene. ^grrrrrr^
10468  Bitcoin / Bitcoin Discussion / Re: bitcoin fees will NEVER come down on: December 22, 2017, 07:19:31 AM
Well, some of these miners will change their mining operation to adapt to these changes. They will frequently swap between the different coins to increase profitability, like they are doing with Bitcoin and Bitcoin Cash now and they will supplement their income by running Lightning Network hubs.

One thing about miners, they know how to exploit the smallets thing to make more profits.
10469  Bitcoin / Bitcoin Discussion / Re: Bitcoin banned in Kuwait for banks and companies on: December 22, 2017, 06:30:34 AM
These governments implement these silly regulations and bans in the hope that they would stop Bitcoin, but they only push people to go underground with Bitcoin and other Crypto currencies. The direct impact of that is the loss in potential trade and tourist income and also lost taxes for that government.

Bitcoin also becomes more desireble when it is banned. <The forbidden fruit>
10470  Bitcoin / Bitcoin Discussion / Re: Bitcoin is an Illuminati Scam? on: December 22, 2017, 06:22:42 AM
The Illuminati is linked to some of the richest corporations and entities in the corporate world. So in point 1, you mentioned that Bitcoin is not linked to any corporation or entity and you derived from that, that it is then linked to the Illuminati. <which is wrong>

The Illuminati already infiltrated the global governments as can be see on the Dollar bill.
https://people.howstuffworks.com/10-things-people-believe-about-illuminati5.htm
10471  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a lot like the Churches these days on: December 21, 2017, 10:10:58 AM
[

I just picked up on the familiar human behaviour between what is happening in churches and also what is happening in Bitcoin. <Most of this is driven by Greed>  

...exactly the same as I did. What is your logical argument to defend that it is OK when you do it, but not when I do it?

The difference is, I am not trying to demean or attack the faith or the believe of these people. The human element of greed has infiltrated some churches and the greedy people are exploiting small differences to make money. <It is not about the faith, but rather the money potential behind it>

They create a whole new church to create a business to earn a income from the people who follow them.

I am not here to bash their believe or their faith. <Let them believe what they want> What I am saying is, not to use technical differences to create your own niche group, in the hope that you can get enough supporters to feed your greed for more money.

Roger Ver did this when he saw the potential to grab a few Bitcoin supporters when Bitcoin XT was labelled as a Alt coin on this forum. The forum moderators moved those threads to the Alt coin section and some people called it censorship.

He immediately saw a opportunity and he created his own forum for those splinter groups, who supposedly believe in non-censorship. Then he helped to create Bitcoin Cash, because Bitcoin is supposedly not the real Bitcoin. < The real Bitcoin according to him can only scale with Block size increases >

I hope you can see the difference. ^smile^    
10472  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a lot like the Churches these days on: December 21, 2017, 07:04:56 AM
At one stage in history you only had a few different main Churches. Over time, people saw a opportunity to make some money and they broke away from the main churches to create their own church.

They found some small technical problem with the main church and they broke away to create their own church that solve that problem for them. <so they say, but some people only did that to make some money from people who believed what they believed in and who followed them>

This is happening with Bitcoin now. People find something that would garner some support and then they splinter off to create their own little niche group. <Examples : Bitcoin Cash / Bitcoin Gold >

They still keep the Bitcoin word in their name, because it gives them legitimacy to be affiliated with the Mother of all coins.  

This creates opportunities for developers to be part of Bitcoin, even if it is not linked to the Mother coin. <We call them the WannabeCoins >

So if you cannot be part of the Mother coin, then you create your own LeechCoin and call it something with the word Bitcoin in it.  Roll Eyes


Churches are also based on purely imaginary beliefs and hope, not any rational analysis. This is exactly like Bitcoin - it is all hopes and dreams with absolutely no solid footing at all. Bitcoin followers are just like the religiously devoted - anyone not cheering for Bitcoin are purely haters or "don't understand it". It will ultimately fail.

Let's not use this thread to bash people's believes and their religion. We are comparing how greedy people are using technicallities to splinter off to get some limelight and exposure and to make some money, like it is being done with Churches.

If you want to discuss your religion or faith issues, take it to another forum or platform. This is a Bitcoin discussion only.

I just picked up on the familiar human behaviour between what is happening in churches and also what is happening in Bitcoin. <Most of this is driven by Greed> 
10473  Bitcoin / Bitcoin Discussion / Bitcoin is a lot like the Churches these days on: December 21, 2017, 06:22:28 AM
At one stage in history you only had a few different main Churches. Over time, people saw a opportunity to make some money and they broke away from the main churches to create their own church.

They found some small technical problem with the main church and they broke away to create their own church that solve that problem for them. <so they say, but some people only did that to make some money from people who believed what they believed in and who followed them>

This is happening with Bitcoin now. People find something that would garner some support and then they splinter off to create their own little niche group. <Examples : Bitcoin Cash / Bitcoin Gold >

They still keep the Bitcoin word in their name, because it gives them legitimacy to be affiliated with the Mother of all coins.  

This creates opportunities for developers to be part of Bitcoin, even if it is not linked to the Mother coin. <We call them the WannabeCoins >

So if you cannot be part of the Mother coin, then you create your own LeechCoin and call it something with the word Bitcoin in it.  Roll Eyes
10474  Bitcoin / Press / Re: [2017-12-14] United Bitcoin Hard Fork Aims to Steal Inactive Wallet Balances on: December 21, 2017, 06:04:49 AM
This will be another shit fork that would get little support. The strategy with all these forks are actually very simple : Find a small niche group of people who does not agree with something and fork off in the hope that it would garner enough support to create a new ShitFork.

These people are slowly chipping away at Bitcoin, hoping to find a way to be succesful with something that would spark some interrest. This one will fail, because you do not mess with people's coins. <active or not> 
10475  Bitcoin / Bitcoin Discussion / Re: Chainalysis software for nabbing Tax evaders on: December 21, 2017, 05:51:22 AM
Bitcoin is defined as a commodity in the USA, so I would say that Capital Gain tax must be paid on the profit that are made with the trades on exchanges. The moment when fiat currency conversion is done, people will be liable to pay taxes on those transactions.

If you earn bitcoins and you store it on paper wallets and you have not cashed out, then no gain was received. <So you cannot pay taxes on that>
10476  Bitcoin / Bitcoin Discussion / Re: BREAKING NEWS: EU decided to outlaw anonymous cryptocurrency transactions on: December 21, 2017, 05:45:56 AM
ClickBait FUD but I will still respond to this nonsense, because I want to highlight the consequences of such a decision.

The first thing that will happen is, Bitcoin will go underground to Black markets and decentralized markets. People will trade on Tor markets and decentralized services that cannot be shutdown. These governments will lose all that tax income, because none of these transactions will be linked to individuals.

Most of the Crypto currency users are willing to work with governments now to regulate exchanges and services to pay their taxes. <Examples : Coinbase / Gemini and many more>
10477  Bitcoin / Bitcoin Discussion / Re: Future is crypto currency on: December 21, 2017, 05:12:27 AM
The real change will come when Bitcoin can scale to enable cheap micro payments. Then Bitcoin will be the true "Internet of Money". You will incorporate micro tipping within chat applications globally and also platforms like Snapchat/Twitter/Facebook etc.

Bitcoin and other Crypto currencies cannot scale to that level now, but Bitcoin with the Lightning Network, will be able to.
10478  Bitcoin / Project Development / Re: bitcoin wallet idea , need your help/feedback. on: December 20, 2017, 07:03:35 AM
I doubt if this is going to work on the Blockchain. You might be able to do this with a off-chain 3rd party service, like Xapo for instance. In this scenario Xapo will manage the hot wallet on a internal ledger and they will serve as the Escrow service.

The 3rd party service and the Escrow service will want to get paid for their service, so it will add costs to your transaction. <increasing the fees that needs to be paid>

This will obviously not be used for all transactions, so it will be seen as a value added transaction with protection and people will have to pay premium fees for that. <These 3rd party services will be the PayPal for Bitcoin transactions> This is not a good option to introduce centralized services, because it is exploitable.
10479  Bitcoin / Development & Technical Discussion / Re: Transaction Fees and Transaction Performance on: December 20, 2017, 06:53:08 AM
The answer is simple :

~ Bitcoin Core developers introduced SegWit as a temporary scaling solution and the services and the exchanges are just ignoring it. <I call it a boycot>

~ BCash was introduced and now miners can choose to mine the most profitable coin. They leave  Bitcoin <BTC> and start to mine BCash or something else and wait for the Mempool to become congested and the miners fees to increase and then they jump back to BTC to feed on the higher fees. <exploiting the users>

~ Someone wants Bitcoin to look bad, so they spam the network to make it worst. This cause further congestion and higher miners fees.

These greedy MOFOs are sabotaging the Bitcoin network and they are getting away with it. ^grrrr^
10480  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Bitcoin Cash, was it scam? on: December 20, 2017, 06:41:06 AM
The real scam is Bitcoin Cash <BCash> Let's look at this whole scenario.

Bitcoin was the first and original Crypto currency and now a bunch of leechers latched the Bitcoin name onto their Alt coin and they are trying to convince people that it is the REAL Bitcoin.

People like Roger Ver <The Head BCash Cheerleader> invested a lot of money into promoting BCash and he wants a big payday. <He even rage when you refer to Bitcoin Cash as BCash, because the con will fail if the Bitcoin word is removed from the name>

Bitcoin <BTC> implemented SegWit and now services linked to Roger Ver, simply ignore the scaling upgrade for Bitcoin, because it will not favor BCash, if Bitcoin <BTC> can scale with SegWit.  Roll Eyes
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