"Bitcoin vs the rest"

Nothing comes even close to BTC because of our savior Foreign Agent S-M from Japan
engineered a system where Billions of $$$ of hardware was sold to miners in the new CPU war that has been created
and 90KWN to process 250 bytes of data is keeping my friends in big oil nice and happy.

Transaction fees jump from $0.10 at the start of the year to $45.00 plus brings joy
to my eyes but we are doing gods work and jesus told you that gambling was a sin
2000 years ago so see it as part of your salvation.

I gave the miners a chance to blink first and reduce the fess and even waited for the development team to do something about these fees
but now it seem is a good time to head for the life boats by placing a stop-loss on any coins you still hold.

The slight downhill trend could well turn into a snowball and forget joe public arriving with his $200.00
to save the day because BTC fees is making public news and they won't come anywhere near it now thanks
to $45 plus transaction fees.

in fact now is a good time to warn the public before Crypto gets a real bad name, we must do our own
house cleaning 

BTC was being tested for seven years and somehow no one spotted that it would not
scale to mass adoption and they forgot to add one vital like of code

Public static money MaxFees=1.50 //20,000 full nodes not needed, Cull the numbers down = more cream to share.

Are we sure that we can trust them to write systems like BTC that might work on a university campus
and please experts in academia but won't cut the mustard in the real world.

See https://www.youtube.com/watch?v=UYHFrf5ci_g if you want to understand
what Lightning Network (LN) is all about

No, no , no because I don't have any Bitcoin cash and i stand a slim chance of getting my
Bitcoin Gold because I was clueless and trusted Coinbase to hold my coins during the fork.

Well this time I got my coins out from Coinbase at a huge cost thanks to $45 transaction fees
from BTC mining monopoly so I am set up to receive my free batch of Segwit2x B2X coins in
a few weeks time.

Now please help me out here, dump your B2X as soon as you can because I want to buy at
a cheap price and get back to the days where I could afford to sent a $1 test amount to my
wallet instead of having to pay extortion fees to miners. 

You forgot HashGraph that is a type of super highway being developed for crypto-money

BTC is more of a steam engine with new petrol and electric engines coming out
but it was proving a service before the miners decide to put the fees up above
$45 per transaction.

Tulip mania will end quite fast and now is a good time to place a stop loss on BTC
just in case the obvious happens but flowers will still be grown and sold at market
and I would go for Ripple from a technical standpoint but I break out in spots when
ever i go near bankers, you know the same ones that now control the BTC miners today

See https://blockchain.info/pools if you want to get the picture

Fees have killed it and unless the developers deal the the mining monopoly then
the "Gloom & Doomers" are well founded and now could well be a good time
to place a stop-loss unless you like walking home instead of taking a taxi

Too many gambling addicts here if you ask me

Bankers scam you mean and you can follow the path back from foreign agents: S-M from Japan
to hardware manufactures enjoying the CPU wars and big oil who like to see more electricity
wasted.

90KWH of energy per transaction (Not new coins) just to store 250 bytes of data in the
blockchain is a scam alright 

Not content with this the men with big noses want a piece directly via banking so have
taken over all the so called decentralized full nodes and created a monopoly and this
allows them to charge us $45 per transaction.

See the graph https://blockchain.info/pools
Ten big names control 90% of all transactions and the development team for BTC
acts like they can do nothing to stop this because they are paid for too.

Segwit2x here I come

 

Fine with BTC all year but at the end of the year the miners tried to hold me by the balls using fees
of $45.00 just to process 250 bytes of data so I took the pain, pulled most my money
out and have been watching the price of BTC fall ever since.

Next year I will be running a Segwit2x node not because earning $2.00 a day is my thing
but as a show of appreciation to the 20,000 miners here that between themselves only
have to process seven trades a second and they cannot even do that at times in under
an hour.

Have a good one folks 

You only tax profit and anyone providing a real service using BTC has $45 per transaction fees
to deduct from any tax returns and I hate to point out the profit in price appreciation of the
coin is being eroded by the day.

Tell me how often does a gambling addict walk into a casino and walk out with a profit
or are all the people in this forum stock brokers and software developers.

Lets take a inside look at what this new generation of "Day Traders" are really doing for a second
https://yobit.net/en/dice/

Yes playing dice even when they know the bankers skims 5% of the top and I am sure the average
roll of the dice will always come in at 50:50 but look closer at what is happening because bots are
playing and bet $0.0001 on the roll of the dice, few small bets from the punters for fun but can you
guess what will happen on the site if you turn up and bet $2000 on the dice or should I leave it
to other software developers to explain that one.

Spot the ball will offer greater returns and this is what the semi-pro BTC traders are doing
so when the market turns down as it will then taking money from them is going to be like
taking candy from a baby, you have been warned.

Yes agree one hundred percent and as a developer I have looked at LN and it's a sticking plaster that won't hold
and whats killing the price is one line of code that's missing

public static money MaxFees=1.50// Goodbye 19,000 miners because we only need a few hundred of you

if the development team never understood the need to externalize the size of the blocks then they should not be writing code
and I am far from happy about the CPU wars S-M created with this mess he started and the energy waste or do you think that
he lacked vision  

Porn got the internet moving and BTC was good for underground porn, buying weed and gambling but
not anymore due to fees and real users of the currency and not just speculators are being forced to
flee due to transaction costs.

Hey Cam-girl gizza flash
Sure love just send me $5.00 plus pay the $45 fees, come back in two hours and I will be ready for you.

Worse than this the development team who act like they cannot do anything about it have lost our
trust and have spent five times more effort in programming mining than making sure the network
will scale to meet our needs

Adapt or die, simple as that

but back in 1601 the new technology was discover to cross breed tulips as hybrid's and at the time
it had "huge community support" from farmers who thought they had all become stock brokers.

Plants can grow, CryptoKittles can bread and crazy high fees can kill so where is this new growth
going to come from and should you not be looking more towards IBM history or AOL as more modern
day examples

The elephant in the room is fees when it comes to BTC and if you look at the past months worth
of data then you will see an inverse coalition between the two.    

Myself dumping BTC is putting "money where your mouth is" without having to letting gambling addiction get the better of me

Dear , dear you have got it bad if you need to turn everything into a bet but I know, without the lows
you would not appreciate the highs right  

Well it was below $5000 four months ago and transactions fees were low so given
that BTC won't scale as everyone has now found out and it's becoming unusable as
a currency for the masses due to the $45 fees then is it really "unreasonable" to
suggest we could well see $5000 again ?

No good having a car if the road is broken

He seems to be squatting and lives on a building site and i had to stop myself laughing when he started to
go on about his "on-line BTC prophecy" and i think we need to call him Jesus

Here is a vid worth watching https://www.youtube.com/watch?v=UYHFrf5ci_g

 

1. Coordinators don't store money 2. DNS stood test of time 3 Nothing blocks up more than BTC.
4. Stop jumping around with vague arguments


No they are not and LN uses hubs so stop shooting yourself in the foot

ETH, Ripple, HashGraph  are doing just that but stay in the past if you want

Again that's not what i read but if you feel that revving the car engine without putting car in gear is not
a counter argument then I cannot help you. 


Did you decide which ones are "meaningful" and why do you think the others have taken it out
and you also ignore my point about it not being needed in the first place.


Genuine BTC is in block-chain and changed to them would not help anything to scale so
something must be in these "real, time based transactions " but you don't seem to know
what so i will continue to assume IOU's or fakes   


Then the world must all be wrong, LN must be wrong using hubs and if your looking for "complexity" then look no further than mining 

I don't mind new protocol to talk to the block chain but that's not what it is and you know it and your comments fly's in the
face of whats being said about the LN saving BTC in fess and dealing with micro-transactions   



Comments about caching was in relation to BTC block-chain nodes in groups, nothing at all to do with LN

Fine the IOU or Clone or fake has a reference to a wallet in BTC but it's still not the original wallet in the
BC that is being transacted upon so this creates more problems than what it solves during settlement
and is a right budge up and you talk about avoiding "complexity"

Yes lots of forks as others try to cash in on BTC but some are just doing forks to fix what is wrong and are
doing it in a rush. Me myself if i wanted to entice BTC members using air-drops would import the BC into
a completely redesign system and split the block-chain up into more manageable sized sections as has
been good code practice from year dot on any system that needs to scale.


Yes we are back to decentralizes and trustless again in LN terms the decentralizes I am talking about is the same as being used
in LN Hubs (CENTRAL POINTS) so that a shoot to your other foot and throwing trust out the window as if it's a some type of religion
is not the answer.

Here we find that the medicine is worse than the disease as implemented in BTC and Ripple establishes trust with nodes as do
web-sites that allow you in and ban you if your start DDOSing them or not doing as you are told. Fantastic
tool trust is and is even used by network switches. Full nodes will need a registration ID and Coordinators will
deal with bad boys so again I say goodbye 51% attack bullshit

Block-Chain is dead, get with the game and unless a programmer spends a year looking in to "open source" code then most of it is too big to understand
even by us professionals and when we see stuff then we get shouted down anyway because money has taken over and we are but a small voice on our own.

Chrome is a good example of this as is Firefox and you might want to note that the "Crypto Community" is anything but happy and
crazy transactions fees has made it much worse.

Well done OP and it's good to see someone here that is not a slot machine bandit and knows what coming down the road

I have not got a full understand of HashGraph yet and it seems to be a type of data stream for gossip about gossip but as a prize
PM me and I will offer you the blue or red pill and no I am not plugging yet another token like most people here.

BTC = 1st generation
ETH/IOTA = 2nd
Ripple =3rd (Well maybe 2nd)
HashGraph =4th (I think and nothing is using it yet)

The 5th will blow your socks off and is 3-5 years away

DNS does not have single point of failure and uses a tree structure of command but even if you took the top node down the system still works
and if needs be the structure could assign itself a new top level node using voting. Think more down the lines of Coordinators in relation to coins
to break nodes down into useful groups. Tree structure will scale better than what we have now, no brainier.

Coordinators will all so deal with trust rating so nodes that start playing stupid get blocked so good bye BS about 51% attack and hello GUID node
registration.


The currency and network has got to be separated and it will be in the end so we all have a public address and any currency gets sent to the address
so in effect the wallet has one address instead of ten pub/private keys which are still present but used after handshake and protocol is setup.


Spamming, double spend both prevented by PoW from what i read but PoW stupid and is being dumped by everyone even in the forks.


Virgin nodes at startup use DNS to get list of well know nodes and i can find you the address if you like but after that it uses cached IP-Address to find
a live node on the network and nodes relay between each other a list and the state of other nodes. I am talking new node start up.



I did and you did not deal with what Alice sends to bob and you are forced to accept Coordinators (Hubs/Gateways) in LN anyway so why not
wrap it up by breaking the 200gb block-chain down into more a tree structure and then it will scale better and you don't need IOU's or fake tokens.

Block-Chain is a liked list of headers but groups of nodes organised by Coordinators can deal with sections to provide redundancy within the section so in effect the LN patch up
(or rewrite in disguise) is at the wrong level and as a transaction hits one set of node then a request will be sent to another set of nodes but after that the reply will be cached
Here I am talking about having to trace back down the chain to the origin of each coin part back to when it was mined

Mining is a waste of time, nodes get paid for transactions, far too much time and effort plus code is dedicated to printing new coins
and ten possible alternatives exist here so stop the competition where effectively nodes are fighting other nodes and making hardware
manufactures and big oil rich and happy. THIS PART IS THE BIGGEST FUCK-UP EVER DEVISED MY MAN!

Break the current 200gb Block-chain down to say 16 X 16 sections and each section has a group of nodes then you will start getting some speed but if i am honest
it's patching something instead of having a white sheet of paper to work from and i think that's whats needed and i will add this concept of public ledger we all
love and trust does allow anyone to clone it and produce a forks so that needs a long term solution 

Maybe wallets need voting rights so we can appoint people as trustees and then go at it from that angle because all S-M has done is left a mess that won't scale, wastes
energy and started CPU wars plus allows forks and clones.

Me is windows based with C# and getting slower by the day on J-Script but if you need Chrome extensions for it
then it might be worth talking to me and knocking up a block diagram so it's easy to get the big picture.

Good luck friend, hope it works for you