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News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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11601  Bitcoin / Bitcoin Discussion / Re: What is happening in Africa? And what can we make happen? on: April 18, 2017, 06:24:18 AM
It would be great if you could repeat your "Geo Treasure" project in Africa. I know South Africa and Kenya are strong Bitcoin countries in Africa and in Kenya we have strong competition for Bitcoin with M-Pesa. {BitPesa} I have not been to Windhoek yet, but I have visited some African countries like Zimbabwe and Kenya and in my experience they are very much 3rd world countries with poor infrastructure. ^hmmmmm^ 
11602  Economy / Reputation / Re: Is franky1 a shill? on: April 18, 2017, 06:14:36 AM
Yes, it is quite obvious something is a bit fishy with him and his alter ego jonald_fyookball. They are tag teaming all BU vs Bitcoin Core related threads and countering all SegWit and LN arguments. I have no problem with people giving the other side of the argument, but if they are paid to do just that, I might have a problem with that.

We will never know if they are getting paid to shill for BU, but the concentration on specific Segwit related posts seem to indicate that some shilling might be going on.  ^hmmmmmm^

Everyone have a right to express their opinion, so I personally give them the benefit of the doubt, with a pinch of doubt.
11603  Bitcoin / Bitcoin Discussion / Re: what hinders bitcoin to become a mainstream currency? on: April 18, 2017, 05:19:00 AM
Security? Crime? Inflation?
Bitcoin is money and thus serves the same functions that any money does: a medium of exchange, a unit of account, and a store of value.But can it prominently satisfy all these functions?

The only thing standing in Bitcoin's way now is global governments. They are so closely linked to the fiat banking systems that they cannot distance themselves from it. The fiat banking system is the building blocks of the financial world and a system that helped to keep some governments in power.

They also help these governments to control and monitor individuals with their private internal ledger systems.

Once these governments break away from these traditional systems, we might have a much better future. ^smile^
11604  Economy / Exchanges / Re: Chinese Bitcoin Exchanges Implement Video Verification to Resume Withdrawals on: March 31, 2017, 06:58:30 AM
You are missing the whole point with AML/KYC regulations. They are implementing these regulations to strip Bitcoin from all anonymity. They want to know where the money is and who they can target if they want to do that in the future. Why do you think people use other methods to buy bitcoins lately?

Do you think it is unlikely that the Chinese government will try to confiscate all Bitcoins? Well, look what happened in the USA :

" April 5, 1933, one month after taking office, Roosevelt used the powers granted to the president by the Trading with the Enemy Act of 1917 to make gold ownership illegal. He issued Executive Order 6102, which made gold ownership—both in coins and in bars—illegal for all Americans and punishable by up to ten years in prison. "

You think this will not happen in China? Think again :

http://blogs.wsj.com/chinarealtime/2009/06/29/china-cracks-down-on-virtual-currency-for-real/
11605  Economy / Economics / Re: Bitcoin's price is so volatile right now! Why should I even hold? on: March 31, 2017, 06:40:22 AM
The best strategy for me has turned out to hoard Bitcoin over a long period and to buy Bitcoin on every mini dump. I do not buy every month like others do, because I want to buy more when there are a dip in the price. So I save my fiat in my bank account and when the price drop, I quickly transfer money and buy a bunch of bitcoins.

The volatility is not a bad thing, because you get several chances to buy cheaper coins. The secret is not to sell, when the price goes up in small increments. ^smile^
11606  Bitcoin / Development & Technical Discussion / Re: hard forks questions on: March 31, 2017, 06:22:45 AM
Which of Bitcoin unlimited or segwit will result in centralization? and why?

In my view BU will centralize decision making, if major mining pools can manage to force this hard fork and we are left with two smaller chains that may or may not be attacked by the bigger side with more hash power. < if that makes sense >

We now have one big network with loads of hash power, and if this split in two, we will have a more vulnerable network that are smaller in hash power and more vulnerable to attacks. ^sad^
11607  Bitcoin / Bitcoin Discussion / Re: Oh shit, it's a draw - Blockstream wins on: March 31, 2017, 06:09:37 AM
I agree, I don't support BU but we need to ignore non-voters because Bitcoin really needs to move forward and in elections you don't just not vote expecting for the old candidate to stay in forever.

In elections non-voters show their vote by not voting and in this case these non-voters are saying that they want no change. They see the evil behind both or they want to wash their hands in future, when the shit hits the fan. Nobody can blame them if any of the two implementations fails. < The coward approach to this issue >

I would rather blame the non-voters if their vote would have made a difference and it did not, if the winner fails in the future. ^grrrrrrrr^
11608  Bitcoin / Bitcoin Discussion / Re: hypothesis: BU motivations (NO PROOF) on: March 31, 2017, 05:56:42 AM
Why would they go through all the trouble to buy hash power, if they can bribe a couple of government employees to change policies and get Bitcoin banned or regulated? They can even bribe them to stop 3rd party initiatives like the ETF for that matter.

Just look at how effective they were to slow down Bitcoin in New York with the BitLicense. ^grrrrrrrr^

If you have the government in your pocket, you do not need the miners and you do not need Bitcoin. They have not done this aggressively yet, because they know this will turn into a shit show if they do, so they are doing this slowly by doing small things. < Deny ETF / Strict regulations on exchanges / BitLicense >
11609  Bitcoin / Bitcoin Discussion / Re: When I talk to NON-BitcoinTalkers they don't know.. on: March 31, 2017, 05:44:13 AM
I am glad some people are not into the technical part of this discussion, because we already have a bunch of drama queens taking all the shine in conflicts like this. < Roger Dodger & Mike Hearn aka RageQuit >

These discussions can get messy at times, because a lot of Testosterone is involved here to see who will be the Alpha male in this community or even in the forums. < Now that I think of this, where are the females?>  ^smile^
11610  Bitcoin / Bitcoin Discussion / Re: Georgia Becomes First Country to Register Property on Blockchain on: March 31, 2017, 05:23:29 AM
Just one more reason why we should not allow dodgy developers to take over this technology. They have chosen Blockchain technology because it was decentralized and had strong security and information on this "ledger" cannot be removed or changed.

Let's hope they will use the strongest Blockchain and not a centralized Blockchain-based technology like OpenLedger or something.
11611  Economy / Speculation / Re: Why you should buy bitcoins NOW on: March 30, 2017, 07:21:49 AM
You have to know that FUD is driven by greed and therefore FUD will never stop. It is your responsibility to analyze all of this and figure out what is hype and what is FUD. I prefer to ignore all the noise and just focus on the numbers. Alt coins are closely linked to Bitcoin and usually when Bitcoin goes down, people use Alt coins as a means to protect their wealth.

I try to spot the beginning of the stampede and profit from that and then always buy Bitcoin when the price take a dip. 
11612  Bitcoin / Bitcoin Discussion / Re: So what if Nigeria seriously starts getting involved in the crypto? on: March 30, 2017, 07:00:45 AM
i am not entirely sure what you are trying to say with this topic and the other ones you keep starting!

the scams,... are a common thing in the whole world. people do it whether you and i like it or not. when they come online they feel more confident about scamming and when bitcoin comes in their confindence also grows.

but in the end if you count the number of scams using bitcoin and using fiat you will see there are far more scams using fiat than there is bitcoin.

He is saying Nigerians are known for scams and what would happen when the Nigerians figure out how they could use Bitcoin to scam people anonymously. The thing is, this might already be happening but due to the nature of Bitcoin's pseudo-anonymity it would be close to impossible to pin that on them.

There might be Nigerians behind Ransomware or Cloud mining Ponzi schemes and we might not even know it. ^grrrrrr^

You have to remember that Bitcoin is just another form of currency and it is not immune to people with criminal minds. We just hope that Bitcoin would be used more by people with good intentions than those people who wants to use it for scams. ^sad^

This is more or less the same as with the internet. The internet are used for more "good" things than "bad" things, so you cannot throw out the baby with the bath water, when some people use it for the wrong reasons.
11613  Bitcoin / Bitcoin Discussion / Re: Will destroying Bitcoin by fixing it make us insanely wealthy? on: March 30, 2017, 06:50:24 AM
Maybe this miners that want to destroy bitcoin is a bunch of people paid by the Chinese government not the majority of miners.
Im sure the majority of miners wants the best for their business which is bitcoin. In the end they all to make profit why would they destroy something that will be profitable in the present and future?

Why do the Chinese over fish and kill dolphins and whales and kill Rhinos for their horns? Do you think they care about this whole experiment? There are some countries and China are one of them, that would destroy natural resources without blinking twice.

http://news.nationalgeographic.com/2016/08/wildlife-south-china-sea-overfishing-threatens-collapse/

The Chinese will suck Bitcoin dry and leave when it fails. Bitcoin is just one more commodity that are being ruthlessly exploited for profits.

Sorry if this sounds harsh, but you can look at several other examples where Chinese are involved. Examples :
Seahorses / Abalone ....................................... and the list goes on and on. ^grrrrrrrrr^

Edit : If OP could develop a alternative that cannot be exploited by anyone, I would support that cause.
11614  Other / Meta / Re: /r/btc / BUg propaganda spread by VIP user on: March 30, 2017, 05:57:51 AM
Quote
BUg gives total control to miners (miners = a couple of guys with state-sponsored ASICs in china)
Total control to miners? More like a total control in stealing people's money.

Quote
Peter R and others support attack on minority chain when network support is against BU

We have no way of telling if it's really them who did it or maybe it's just some core supporters.

The mining Pools are in a way monopolizing decisions from a centralized perspective, because they are throwing their weight around as a group to shift development decisions in their favor. So yes, in a way the do have total control. Today it is Block sizes and tomorrow it might be something worst. < like the 21 Mil coin cap >

Whomever has the minority chain, will be targeted by a 51% attack, that is just the nature of people and even animals in nature. < The weak will not survive >
11615  Bitcoin / Bitcoin Discussion / Re: What will happen with Bitcoin if it never scales? on: March 30, 2017, 05:40:22 AM
Scaling is not the push factor here, but rather who will be behind the wheel of this experiment. I would rather limp along with a congested network, than having a network that are not secure. < BU dev's have already shown that they cannot secure the code >

People will leave if they know their money is not secure. They did this with all the services and exchanges that were hacked.

The scaling can still be substituted on the 2cnd Tier < Off-chain services > if it is really a problem. The internet runs on TCP/IP, but everything happens on the Application levels. < This is the level with the highest impact for the users >
11616  Bitcoin / Bitcoin Discussion / Re: Clif High's solution for Bitcoin to scale to infinity. on: March 30, 2017, 05:31:08 AM
What makes you think after all the money and time invested into SegWit that the Core Dev's will even worry about considering this? They are pushing their own agenda and BU dev's are doing the same. It is not about the better solution any more, but rather who will be in control of the experiment. < power grab >

More smaller blocks = Bigger blocks  Roll Eyes
11617  Bitcoin / Press / Re: [2017-03-29]Why Canadian Companies Unanimously Rejecting Bitcoin Unlimited on: March 29, 2017, 07:11:44 AM
I am glad the Canadian companies are coming out strongly against BU and the problems it will bring with to Bitcoin. As a company heavily invested in a technology, it will not build confidence when the technology you are invested in are being attacked by a competitor and in doing so that competitor fails in delivering secure solutions.

Bitcoin Unlimited had two major issues with their code within a week or two and that should not build any confidence with businesses that are heavily invested into Bitcoin. ^hmmmmmm^
11618  Bitcoin / Bitcoin Discussion / Re: Alt shilling increase when Bitcoin is under attack on: March 29, 2017, 06:59:16 AM
If you are too dumb to capitalize on this phenomenon, you should not be into Crypto currencies. I do not only invest in Bitcoin, but rather into Crypto currencies. If I see the hype wave growing, I start buying and I ride it till it lost all power. I have made a lot of money watching this phenomenon and timing it perfectly.

There will always be a bunch of people who will run to Alt coins, when Bitcoin is in trouble and you will need to watch the market and be invested in these Alt coins to collect when it is raining money. ^smile^
11619  Bitcoin / Bitcoin Discussion / Re: Bitcoin helps Iran byepass US sanctions on: March 29, 2017, 06:48:52 AM
What a bullshit article from a bullshit site. This is the kind of thing that makes me furious, because sites like this are famous for posting attention grabbing articles to attract viewers to their site and then once you investigate further, you will find that there are no evidence backing their content. ^grrrrrrr^

The damage that these FUD articles are doing to the Bitcoin community is not good for Bitcoin and they seem to put their own site interest above the interest of Bitcoin. ^hmmmmmm^

Could this be a front site to shill for some unknown competition or even a government sponsored site?
11620  Economy / Service Announcements / Re: New Bitcoin Forums - TheBitZone - Pay to post on: March 29, 2017, 06:38:39 AM
I have seen this share based pay-per-post system on another forum, but the people only paid out weekly at the start and then it changed to monthly and then it stopped. I think the site grew too big and they had to manually calculate the payment based on the shares and that was too much work for them.

After the payment stopped, people left the site and the site closed down. The payment should be automated to make things easier for the site admins to do these payment.

The site was also spammed by a lot of people and the site moderators had to constantly delete posts that did not qualify for payment, which complicated the whole payment process. ^grrrrrrr^
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