You see, if power was distributed over many thousands of independent miners, all such lists would have thousads names This statement is logically false. I forgot the word 'evenly' before 'distributed'. (I used it elsewhere when saying that same condition.) Is that why you did not understand the logic? I did understand the so called logic, but it was false. It is false because it assumes all such lists are showing power, but in fact they all show something else, generally pools. I've never seen a "mining power list," have you? Even with a relatively small number of pools you can still have power distributed over many thousands (or even more) independent miners, because those miners are able to move their hash rate. No pool can be confident of maintaining a given share because hash power can shift and new pools can be created. In fact this was not the case with ghash since much of their mining was their own equipment. You presume ghash miners are used on it's own pool. It's a fair assumption, but it might behoove ghash to make a deal with other pools for no fee mining in the interest of decentralization. |
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This poll is so old. All it's doing is collecting new votes for the obvious answer.
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Please stop feeding the troll. All as in 100% of his arguments have been debunked or already have solutions planned. He is very good at using fallacious arguments. Don't play into them. They are easy to spot because they have few details. If you challenge them, he doesn't answer you directly, instead he plays another trick.
Without taking sides: A Q&A or matrix or whatever for each argument (and counter-argument) would help the undecided. Any source available? I'll let you pick one and I'll point out the fallacy and google the discussion if necessary. |
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I think that the future is the decentralized exchange
coinfeinne is a good option for this, I hope they can come out soon
Coinfeinne is a nice idea, but it's going to get resistance from financial institutions and accusations of nefarious deeds. What we really need is a slow but secure market that has 0% theft. I recommend Trezor type wallets with localbitcoins and air-gapped signing ATMs. |
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Please stop feeding the troll. All as in 100% of his arguments have been debunked or already have solutions planned. He is very good at using fallacious arguments. Don't play into them. They are easy to spot because they have few details. If you challenge them, he doesn't answer you directly, instead he plays another trick.
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The problem is...how are people supposed to exchange bitcoin if we are not to trust exchanges...at all?
I'm not saying to not trust them at all. I'm saying trust them only in a prudent fashion commensurate with the risk they present. But that's not how gambling addicts think. A few bad apples make all the headlines. Bitcoin needs to be child-proof. |
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And please enlighten me: how exactly is bitcoin supposed to flourish and grow when every single one of its exchanges goes belly up? Is everyone just supposed to do peer to peer transactions doing FS/Wanted trade threads on forums?
This instant trading on speculation is nothing but gambling. The best analogy I've seen is playing cards where the dealer sees your hand and gets to play too. There's nothing wrong with low volume while development ramps up. The most important aspect of bitcoin transactions is security, security, security. |
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...  ... So that's where the Stamp money is headed, Tahiti!  Fucking Slovenians.... Tahiti is a magical place. |
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Aww, give him a break, it is a public Uni, so government payroll and in a country arguably even more socialist than the US. It is a handicap difficult for most to overcome, at least until they are tenured.
We can't expect him to even nibble at the hand that feeds him. Even though the criticisms are fairly speculative, at least he is looking at it.
I am already tenured, actually, so I could badmouth the government at will (which in fact I do) with no risk. But of course I can't expect someone who is invested in bitcoin to admit that its future is in danger.  Really? I think that a good investor would be thankful to anybody that let him knows he's losing his bet. Maybe you think tha all (?) people who bought Bitcoin are blind to the truth. Sorry, you are right. Indeed I see many bitcoiners who are aware of and worried by the centralization issue. Yes we are very aware of the centralization of banks. That's why they are called Central Banks. |
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If 5M in fiat had fallen off a truck, it would be page 6 local news.
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When an incandescent bulb blows, then first it flickers, then it shines brightest then it pops!
2008 was the flicker, right now we are shining brighter... how much more before the filament gives out!?
Bulbs can last a hundred years or more. For sure they can but they rarely pop without the flicker/brightness combo Or like the Edison Tower they use a fake bulb and illuminate it with various bulbs. |
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If I were in Vegas, I'd be wearing a honey badger shirt.
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So is there a rational explanation for what's happened here?
1. 19k coins have been stolen from stamp (how?) and were sold forcing the market to unprecedented lows.
2. Stamp has to buy these coins back.
3. Stamp is pulling a potential gox and is insolvent?
What's going on?
I think this was a timed incident to make Bitcoin look bad for World of Bitcoin. Stamp is very unlikely culpable. |
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I see he's still making Schadenfreude cards for Hallmark. |
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That 'Holy Grail' project never came to fruition, but Coinffeine is close. |
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When an incandescent bulb blows, then first it flickers, then it shines brightest then it pops!
2008 was the flicker, right now we are shining brighter... how much more before the filament gives out!?
Bulbs can last a hundred years or more. |
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Bitcoin can't be killed.
bitcoin can be killed easily by someone with enough hash. 10% to 15% of network hash could be enough for it. Each time the hashrate drops (which could be any second right now) there's an opportunity to screw it up and make it stuck at high difficulty. It's not as safe as you think. More likely aliens. |
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I have a craving for mutton.
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all those mega bears gone real quiet?
all your short profits locked up in fake fiat in an insolvent fake exchange? boo-hoo ... naked shorted and crashed the asset underwriting the exchange holding your fake profits ... what idiots, you are better off at vegas.
hacker who has the coinz makes the rules.
Bitstamp didn't have margin trading. now they have NO trading whatsoever! hahahaha lol Hoping people will be able to get their money out, or it won't be much fun for them. Although I wish loss on noone, there would be something delicious about a certain bear troll with >5000 posts bashing btc finally buying back in at the exact moment bitstamp goes dark That would be very ironic. |
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Thanks to that incompetent Slovenian shit, we blew through a multi-year support level. BFX just became the de facto world exchange.
Localbitcoins is the only reliable price discovery. |
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