Lol, you got a nice trust decoration for not following the maxi well herd  I saw that, haha. Too bad cause I like Gmax, Luke, Blue hair dude and the core crew. I was gonna even hire them in any position they wanted once btc self destructed into the iceberg of reality. All the rats are on-board and the Titanic is nearly ready For the main event. I’m speculating we’ll see a spectacular boom to $50k+ This year then sudden utter destruction and the rise of the PhoenIX. How will a (current) merge-mined coin be able to stand on its own? Economics and (self-) regulation will kill most of them This, which should start this year. And I do I also believe widespread 51 attacks. That’s when network security will finally become evident as a true main feature which 99% of the coins do NOT have. We should see a sudden overnight flight to safety. Oh - I agree it will start ( has already, but not much recogned) - except the 51 attacks. But who you think will 'attack' at that size of business and risk to get sues for such ? and where is the real safety? Gold again ? |
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Child prodigy theoretical physicist Luboš Motl engaged AnonyMint in discussion on Quora about the future of Bitcoin. The discussion began here: http://archive.is/https://www.quora.com/Is-it-possible-for-Bitcoin-to-completely-shut-down/answer/Lubo%C5%A1-Motl/comment/95846451Here was AnonyMint’s latest reply: Thanks for engaging in discussion. I presume you grok topology, deterministic chaos theory and the underlying fractal basis of nature more deeply than I do. Finally We May Have a Path to the Fundamental Theory of Physics… and It’s Beautiful—Stephen Wolfram WritingsNote Wolfram admits his theory isn’t falsifiable, but that’s because a universal T.O.E. must model the multiverse. I’ll refer to a historical log chart for BTC/USD with my annotations: Long term advance notice!That chart is telling us that Bitcoin will go to $1 million by 2021/22, yet how is it at this time of increasing leftist government totalitarianism (i.e. the corona virus plaNdemic hoax) that Bitcoin becomes a safe haven? The hypothetical explanation in the above linked post. It’s necessary to understand what imparts the valuation to Bitcoin per the blogs I’ve linked from the above linked post. Oh yeah for sure most of the Bitcoins are going to be sequestered by the governments sending the valuation of those which are not sequestered to the moon. You’re ostensibly not aware of all the requisite details. There are two types of Bitcoins: Core and legacy. Core Bitcoins have an address that begins with `3` or `bc1`; whereas, legacy Bitcoins start with a `1`. There will be a bifurcation that becomes acute perhaps by November and ultimately nobody is going to accept the Bitcoins which were recovered as “stolen” donations: Our Bitcoins Will Be Taken/Frozen By the Miners; Involuntary INCOME Tax on Frozen Bitcoin!Indeed the government does sometimes confiscate wealth. And this Darwinism produces the globalist elite who manipulate the governments (in order to protect their wealth). Yet this phenomenon unfortunately also opens the door for psychopath[1] $billionaires to REKT the entire economy as a certain one which I will not name is doing now. Note that the collective resource is a power vacuum that requires it be managed by power: Some Iron Laws of Political EconomicsYou were a child prodigy theoretical physicist. You’ve got more raw, mental processing power than I do. But the devil is in the details. You need to open your mind and learn more about what you don’t know. The smartest individuals are humbled by how much they don’t know. [1] The correct term is not sociopath. with this part , I fear old Shelby's coming back to sanity, cause that is pretty much correctly analysed
Craig Wright recently warned that global coordination such as via the intergovernmental global agency Financial Action Task Force (FATF) will force the miners to freeze Bitcoins which were involved in crime. Craig made the very specific prediction that the Bitcoin of Chinese fentanyl dealers to be frozen in 2020. In August of this year Trump’s administration announced that Chinese drug lords are using Bitcoin. Remember China wants a trade deal and their help with impeding the flow of fentanyl to the USA is one of Trump’s demands.
They will destroy us both with income taxes for the involuntary airdrop, the inability to spend after the attack because blocks will be full of donated SegWit tokens, and then later the FATF will declare that all SegWit lineage coins must be frozen because they possibly were involved in off-chain Lightning Networks (LN) crap which is not fully traceable! Ah fuck! Why did I not think of that. Now I totally understand what Craig has been warning[foaming at the mouth] about.
Miners / their corporations have grown such that regulators kick in - the raspi no2x army has lost that hash-war (lol - cause they have 0-PoW) and miners must comply with rules incl AML / travel rules .... so they getting towards payment processors (regged - like TAAL or REKT by govs / economics). sure - all the criminals / anonymous do not like that - but who likes them? |
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Lol, you got a nice trust decoration for not following the maxi well herd I saw that, haha. Too bad cause I like Gmax, Luke, Blue hair dude and the core crew. I was gonna even hire them in any position they wanted once btc self destructed into the iceberg of reality. All the rats are on-board and the Titanic is nearly ready For the main event. I’m speculating we’ll see a spectacular boom to $50k+ This year then sudden utter destruction and the rise of the PhoenIX. How will a (current) merge-mined coin be able to stand on its own? Economics and (self-) regulation will kill most of them |
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The future of cryptocurrency depends on to Lightning network. Lightning network is a new technology and they are still finding bugs and problems and solving them. Lightning network is still not ready to handle large scale transactions. In lightning network, the real funds are frozen while the value transacts. I'd say there are not any disadvantages with the LN network, just some problems to get solved.
Here's how Harpeet Singh Gauri puts the advantages and disadvantages of LN
Pros of the Lightning Network
Lightning network was invented for speed and lower costs. Although the degree of increased efficiency is still to be known, Layer 2 solutions will generally enable a significant increase in transactions per second Micro payments can be carried out with better efficiency with the lightning network and it will be instantaneous. Lightning network has also started support for altcoins making it horizontally scalable The initial transaction fees in this network are cheaper compared to that of the original bitcoin network Lightning network has the same security as Bitcoin’s main chain while keeping transactions in the layer two till the time they are settled on the main chain.
Cons of the lightning network
Major criticism of LN is that the parties will have to have “fund” the channels. If I shop at a coffee shop, I will have to have so much funds in my channel that connect me to the coffee shop. These funds are just lying dormant until the channel is closed and transaction registered on the main chain – which costs money. A major drawback of the lightning network is that it does not support offline payments. This is an issue to users who do not have internet connectivity 24 hours in a day. There are some experts who believe that Centralization might be encouraged in the payment portals. This makes it quite similar to miner centralisation. Since these transactions are sent off the chain, they aren’t tracked by the main channel, leading to privacy concerns. With all points in perspective, Lightning network serves as a brilliant alternative at this point for Bitcoin transactions.
major con: It is already recon to work as a mixer, so no compliant adoption possible, that it intros a barrier into a very unsecure layer ,that is stupid - Bitcoin just does all of that without any LN, ... - on chain (version BSV shows it) |
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its based 100% on Satoshi and his work and honest mining. ... now you ve lied |
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Golden cross:
 Und Tether steigt mal wieder nicht  Wie immer wenn alles hochgeht Dafür hängt Ether wie eine klette am Bitcoin  Macht Sinn, ether / gas / ethan brennt gut  |
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True, it's never good idea to try to reinvent the wheel again, So I stay with pure BitCoin, that can do all and even smart conracts better than eth or other shittokens just as it was designed, but true, you need to do real work to make that happen. All altcoiners just have been out for the low hanging fruits Now do all what the globe needs on BitCoin, compliant |
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Money just has to function as cash, or its just not better than gold
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Great. Next they will go out for a coffee and try to pay using BitCoin I hodl my popcorn for that, cause btcs don't work  |
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Lol, you got a nice trust decoration for not following the maxi well herd |
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Seeking to break this can only come from evil ppl Ahh yes, you and your "only criminals need privacy" nonsense. I'll ask you yet again to post your real name, address, email and social media logins. If you've got nothing to hide, then you've got nothing to fear, right? Debunk what agenda and use case you have. It cannot be a good one So because I value my privacy, by your logic I must inherently be up to something shady or immoral? So why do you post under a pseudonym? I'll ask again for your real name, address, and all your email and social media logins. After all, you've just said that privacy is "not needed for normal people". Why won't you share that information? What have you got to hide? I suppose it makes sense that someone who shills for a privacy invading, centralized scam like BSV doesn't understand why the average person might value their privacy. Perhaps if the world wasn't filled with identity thieves like Craig Wright, some people might be less concerned with keeping their KYC data to themselves. aahh yes, and you always mixing up ano and privacy. tracing can have enough privacy, but still you need to prove its all correct, or you are the thief, cause you cannot disprove that and sure, we do not talk about micro-pay, cause this is actually what Bitcoin solves - funny idiots here wanna make btc more 'priv' .. |
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Craig Wright is a certified: 'doctor of douchbaggery'. Didn't you see his certificate collection? Who cares about CSW - he's a fuckn' idiot. The real story is all the fucking morons who follow the Bitcoin SV world. How dumb are they to work in an environment polluted with that kind of stink? If you like SV - you are fucking brain dead.
Seems you care in bold a lot But quite funny why and who does all the hunting, when it should not care at all... |
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We don't need JK Rowling to understand Bitcoin.
She cannot do anything in order to grow the network or to make it mainstream in economic worlds. The only think that she could do - if she really understands the meaning of Bitcoin - is to write a book about it and give a little fame to it.
Hu? She can manage to sell lots of HP stuff for Bitcoin? That would do a lot |
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Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.
This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.
And there is no such thing as marshal law in Sweden, not allowed by the constitution.
So, no matter how much people or other countries bitch about Swedens way of handling the crisis, nothing is going to change.
You can change the constitution, but that reacquires two parliament votes with one general election in between.
We might se a change in the wording in the constitution from just "wartime" to "war and pandemics" or something like that, but no such change has been suggested yet.
Thx, that's quite interesting, so the powers are reduced by gov, and what about the cities? Could Stockholm set up rules here to lock up different buildings, business,...? |
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Wem soll ich die Zukunft, anhand des Charts, noch vorhersagen?
Also bei mir hats funktioniert. hv_`s Chart hat mir gezeigt, dass ich mir jetzt nen Kaffee holen werde! Nee, der chart war von JLO, aber Kaffee kommt immer gut Zum Geisterfussball gibts Bier Cheers |
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Thanks for the comprehensive answer.
I'm well aware of the regulations surrounding fiat payments, and the fact that you can and are tracked via your credit card purchases. It's part of the reason I am so interested in bitcoin - the freedom to spend my money on what I want to spend it on without some faceless company tracking all my purchases and sharing that information with the government. The government has no need to know how often I go grocery shopping or how much money I spent on x, y, or z.
So talking specifically about bitcoin, again BitPay is the only entity who have ever asked for my KYC as a customer making a purchase. I've bought groceries, clothes, entertainment, games, music, computer hardware, electronics, appliances, building materials, booked hotels, dined out, paid some subscriptions and memberships, etc., all with bitcoin. I've made purchases of more than $3000 (the limit BitPay set for KYC) in one go, and I've spent more than $3000 spread across several transactions with the same merchant. In not a single one of these places was KYC even mentioned, let alone demanded like BitPay does. If BitPay want to demand KYC, then as a private entity that is their right to do so, just as it is our right to refuse to use them, but I don't think the government are forcing them to do so at this point. If they were, why is not every merchant and service which accepts bitcoin doing so? Why are other payment processors not doing so?
If this is where we are heading, then we need to do better. If we are heading in the direction of every bitcoin merchant demanding full KYC from every customer before accepting a transaction, then bitcoin becomes little better than fiat. This needs to be resisted.
BitPay invades your privacy, takes control of your coins, decides whether or not you are allowed to spend your own money, and charges a fee for the privilege. It is the very definition of having to trust a third party which bitcoin was created to avoid.
... it is only your own money if you can prove where you got it from, that's where tracing and transparency kicks in. Kyc / aml checks are not just a dumb thing, they are here to protect good ppl. Seeking to break this can only come from evil ppl, cause they need such |
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Ich hab gehört er wird fallen udn dann richtig hoch fliegen.. Verkaufen oder jetzt kaufen?
Viele sagen ja das der ETH Bullrun erst kommt wenn die Futures da sind
Der gleiche bullrun, den die Futures bei Bitcoin ausgelöst haben? Das kommt nicht von mir sondern wird von sogenannten Tradern die beliebt in der Szene sind vermutet Ich hab noch paar rumliegen und wäre froh wenn ich die bis Ende des Jahres noch in BTC umswitchen könnte. cup-and-handle ? Ausbruch am Wochenende oder Montag   Letztes mal als Bitcoin Futures kamen gings runter... Viele vermuten auch dass auch beim Gold das Paper Gold eher den Kurs drückt Es ist alles ein Zero Sum Game, jeder versucht Profit zu ziehen, das sollte negativ auf den Basiskurs wirken imo |
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Nice reference! Like that doc, it's the best of the century imo Speculation/ TA falls just apart next to it |
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I wonder what happened to adamstgBit. On a yacht somewhere hopefully.
He was regularly pilloried for not ascribing to the catechism of the echo chamber. Got tired of the abuse and left for The Forum That Shall Not Be Named. He went off to 'self' quarantine from SEGVID-17 Hope he's still healthy |
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