You are missing the whole point of this. Just follow the money and you will see what is being done. Bitcoin's price goes down, while Dash & ETH price goes up. Roger Ver back Dash in a interview and with subtle hints attack Core developers. So is this not strange at all? You will soon see a price corrections when these people start dumping Dash & ETH and starts to pump BTC again. There are people making tons of money, by manipulating Crypto currencies.
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This whole Core vs BU is getting out of hand. Someone figured out how to divide the Bitcoin community and as we know this is one tactic that would work to destroy a common enemy. " Divide & Conquer "
Anyone can go onto Reddit and make up some wild conspiracy theory to spread FUD. Let me show you how easy it is :
Gavin ran to the government agencies to try and get rid of Satoshi, and he succeeded. Satoshi was the creator of this technology and the leader with most of the power. Gavin teamed up with Mike Hearn and they tried to divide the community with XT. < this failed > Now, Gavin are involved with BU and again they divided the community.
They left some "exploits" in the BU code to take down nodes, but it was found and their plans failed once again. If you remember correctly, they wanted to sneak in malicious code into XT too, but it was also detected.
So there, see how easy it is to spread FUD?
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2) The most positive for BTU: BTU achieves an extremely high hashrate advantage (>90%) and is put in a position to attack the "minority chain" of Core (see the BTC.TOP statements from February), so BTU becomes the new BTC and BTC is abandoned. But I think this scenario would already do harm to Bitcoin, because it would show that an alternative implementation could "take over" the coin aggressively only with miner support. Price estimation: $400-500.
i. the mempool spam if you check out the stats. one spam event last june/july and another beginning in october/november which has been continual. if you didnt realise these spam events occur when core need them most, to rattle the sheep into thinking core features(new bips) and (empty) promises are needed to (fail to) solve the spam they themselves create. Do you have any proof of this? The way I see it, most miners on both sides profit from this whole mempool spam. They even contribute to this problem, by selectively mining around this problem. So blaming Core for this, does not even make sense. BU wants a Block size increase and has more to benefit from a mempool spam to proof their point and to be fair I would say both BU and Core has something to gain, if a perception could be created that a Block size upgrade is very critical. < faked congestion > Until we know for certain, we can just speculate on who is doing this. Luke Jr even wanted to go to court to stop a company from running a "stress test" for a new voting system, so we know how they are feeling about this.
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Roger Ver shills for Mtgox? Interesting...
He was also the person who leaked the whole MtGox "hack" to the public. Mark approached him and the twins before he went public. They knew about this problem before anyone else knew about this, and they had time to get their money out before the whole thing collapsed. < Mby not from MtGox, but out of Bitcoin > Mark wanted to keep it quite, and were looking for people to "invest" coins to keep it alive, until he would be able to collect enough coins to hide the loses, but Roger and the twins were not buying into that, because the losses were simply to big.
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In the case of the Bitcoin ETF, the government itself said that Bitcoin can not be regulated, so I think it is really difficult for them to exert any influence on this.
No, what they meant to say was that the exchanges was not regulated and that some of them < Chinese exchanges > might manipulate certain things to influence the price. < Example : Faking trades & volume of transactions > You know, the stuff that they used to do, before the Chinese government stepped in. The SEC just made sure that the rich people of this world is protected, because money is power and they do not want to lose the power to some communist country. ^hmf^
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I don't know what Roger is looking for , you should just stick to pumping of Dash, I have seen so many BU supporters shouting SegWit will turn Bitcoin into Altcoins, there is no one person in the space that has benefited from Altcoin more than Roger, you can continue to name so many Altcoins project he is involved with. You can't serve two masters.
Oh, but you can if you have enough money. You just cause some sort of crisis on the one technology and start pumping the other, then when the price increase to make enough profits, you simply dump it and take the fiat. Roger has the advantage, because he has a cult following. If he says Dash is King, they start buying and when he says Dash is trash, they start selling. ^LoL^ Now, he has some miners in the bag too, so this makes things even more complex. Miners = Nodes
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A good quality post in my opinion is when a person add something to the conversation that has not been added before and when this new information is on-topic and informative. We see a lot of people, just repeating what other people say, and I think that is not constructive and it adds no value to the forum.
I just love it, when everyone discuss a specific topic and someone comes into the discussion and adds something that nobody even considered. That in my opinion adds a lot of value to this forum and it is considered to be a quality post.
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Do not be too concerned about the short term fluctuation in the Bitcoin price. We have a group of whales with a lot of financial power to cause a lot of volatility, when they want to make some profits. Bitcoin is also very susceptible to FUD and shilling going on in this scene.
One thing I do know is Bitcoin seem to be bouncing back after every dip in the price. Speculators just love this volatility, because the day traders profit from this. ^hmmmmm^
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why in bitcoin discussion about altcoin? eth capitalization is fake
Because the longer Bitcoin goes without scaling, the more marketshare it will lose to altcoins and the more likely it will become to lose its dominant status. We want to avoid that right? Actually more people are using Dash for it's anonymity features, possibly for money laundering and criminal activities, so it is not a big loss if that happens. We had our share with Silkroad. ^smile^ ETH after the fork, is not a good option for me, because I have my doubts if they can survive after that blow. If we can get rid of the shady people using Bitcoin for criminal uses, this might even be better for Bitcoin. ^LoL^
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Bitcoin was always supposed to be digital cash. It even says so in the original white paper title.
Where did this myth start that we need to 'let this go'?
No one uses cash at starbucks. It's all phones, credit cards and debit cards. Try and buy a beer on a plane. They don't take cash. So saying it's like digital cash is a little outdated at this point. We're dealing with digital gold. Well they actually use Starbucks' Star tokens to buy the coffee, if you really want to be technical. I have always said, if you want to use Bitcoin to buy coffee, just implement a token system at your place and let people buy these tokens in advance. Whilst these miners are screwing us with high fees, we should find other alternatives to bypass these high fees and use Bitcoin as it was meant to be used. ^grrrrrrr^
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People will not post their personal contact details on a public forum, so let's just get that cleared.
Who can really accept Bitcoin? Answer : Anyone
How are businesses using Bitcoin? Answer : As most other do, as a currency for payment or to trade as a commodity.
Is there a transaction fee? Answer : Yes, but it is usually much less than other payment options.
How are transactions made? Answer : You get a wallet <hardware or software> and buy some bitcoins and transfer the bitcoins to someone else's Bitcoin address. Who controls the Bitcoin network? Answer : Everyone running a full Bitcoin node What are the advantages of Bitcoin? Answer : It is cheaper and decentralized and censorship resistant.
What are the disadvantages of Bitcoin? Answer : It is not yet accepted everywhere and it cannot scale for mainstream adoption in it's current form.
Is Bitcoin legal? Answer : Yes, in most countries. If you trade with other commodities in your county, then Bitcoin would be fine.
Is Bitcoin secure? Answer : Well, Satoshi has 1 000 000 coins stashed away and nobody has been able to steal that. ^smile^
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I am also curious about this one. If Bitcointalk.org is mirrored for redundancy, we should hope that the passwords are kept secure. They should also notify everyone about this, if this is not the case and if this is a attempt to spoof this forum. I hope one of the Admins will respond to this. ^hmmmmmm^
I still think this is a scam site.
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Why can we not have our bread buttered on both sides? If we want Bitcoin to be a Digital P2P Cash payment network, then you should be able to buy anything from coffee to expensive cars. Bitcoin should be the Swiss Army knife of Crypto currencies, not the single purpose steak knife.
C'mon guys and gals, let's open this up for everyone and not just for the rich people. ^grrrrrrrr^
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6000 nodes with this bug, suddenly goes down at the same time and then get patched and brought up almost immediately.
6000 nodes went offline? LOL im laughing it was only a couple hundred and those couple hundred didnt all exactly go offline at same time.. some script kiddy made some code after reading peter todds twitter. that grabbed BU node ip list from bitnodes.io. and ran the code. some nodes upgraded immediately, some not so immediately and some still havnt yet. maybe worth you checking the many different node checking websites. sorry gotta say it again.. you think 6000 nodes went off line.. LOL yo crack me up cheers for the laughs Very creative "quoting" from your side franky1 by deliberately quoting only after the "say" word in my example, but yes I give that to you, I also deliberately inflated the number to make my point. I forget some time that we have people on here that deal in specific detail to win a argument. I think I made my point and still think only a few small groups are behind BU and that is something that give me sleepless nights, more than the huge bugs that are discovered in their code. ^hmmmmm^ You won that round on a technicality ^smile^ but I still got my point across.
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Now try to be biased and explain how vulnerable 10MB / 20MB blocks sizes will be to other attack vectors and why Satoshi never increased it to those levels from the start.
Satoshi never increased to those levels from the start, because they weren't necessary.Here is a whitepaper for all the calculations you need. https://bravenewcoin.com/assets/Whitepapers/block-size-1.1.1.pdfI read the White paper from back to front and I know Satoshi did not implement bigger blocks at the time, because there were no need for it, but he also held back because he/she knew bigger blocks can also be exploited with new attack vectors. So in my opinion increasing only the Block sizes, to scale will not be the answer and might even be dangerous. I am also looking at the competition and I am thinking, will a increase in Block size scale to their levels? < Stop with the, Bitcoin is only a store of value argument, because that gets old and we know Satoshi wanted this to be a digital P2P payment network > We have not even touched on other reasons, why only Bigger blocks, will not be the answer to scaling : ~ Larger blocks make full nodes more expensive to operate. ~ larger blocks lead to less hashers running full nodes, which leads to centralized entities having more power, which makes Bitcoin require more trust, which weakens Bitcoins value proposition.
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A small percentage of speculators came in to hike up the price in anticipation of a approval and when that did not happen, they quickly dumped those coins, to still make a profit. < Those people were the ones dumping in the first few hours after the official announcement >
The majority of the bitcoins are still held by people with a long-term vision for this experiment. They might have sold some coins, if the ETF were approved to take some profits, but that did not happen. ^smile^
Some of the long-term investors quickly bought the cheap "speculator" coins, after they dumped it. ^heh^
The Winkelvoss twins did the same with $ 1 000 000 after such a collapse, back in the day.
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Are there breakdowns or benchmarks which give an idea of how much faster a 2MB, 8MB or 20MB block size might be over current block size? What if a 20MB blocksize only increased transactions to 10 per second. It would be nice to have some idea of how many transactions per second a block size increase would yield. All things being equal, I would think there'd be a linear relationship between TPS and blocksize. If 3 TPS is generally filling blocks up to 1MB, then we should get about 30 TPS for 10MB blocks. Obviously size in bytes of transactions matters but no reason that would change... Slightly longer time for block propogation shouldn't matter either as the 10min timeframe would still stay the mean after difficulty adjustments. Am I missing anything big? Yea, you are quick to explain how "good" bigger Block sizes will be for Bitcoin. Now try to be biased and explain how vulnerable 10MB / 20MB blocks sizes will be to other attack vectors and why Satoshi never increased it to those levels from the start. How long can you upgrade only the Block size to match transactions throughput equivalent to VISA and Mastercard? I am curious to see your answer to this. ^smile^
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http://www.coindesk.com/could-the-super-uasf-break-bitcoins-scaling-deadlock/Interesting points found in the article: -- Announced anonymously on Bitcoin mailing list (which Blockstream CTO Greg Maxwell moderates) -- UASF author pushes Segwit (which Blockstream/Core advocates) -- ...and doesn't think miners should determine consensus (sounds exactly like Maxwell rhetoric) -- Supporters want to create an end-run around miners ( "miners are rejecting something that appears to have substantial community support") -- Right in line Blockstream's LN agenda ("Many companies have further upgraded their software to support the change, and several Lightning Network implementations, which are dependent on it, have cropped up...") This doesn't look suspicious at all. What looks suspicious is when a major bug is exposed in BU and then Blockstream developers are blamed for it. What looks suspicious is when say 6000 nodes with this bug, suddenly goes down at the same time and then get patched and brought up almost immediately. < How many of these nodes are run by 1 or 2 mining pools and how decentralized will this be, if almost all the nodes are from the same entity? > How does it feel, when you pissing into the wind? BU dropped the ball and lost almost no nodes? Is this natural? I wonder what will happen if they want to implement something controversial and this "group" decides to use that kind of power. ^hmmmmmm^
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These bankers are a bunch of @!#$%ers and they are under pressure from their investors to make huge profits and to increase their dividends. I once saw a row of stalls for the different banks, promoting credit cards to first year students at a big university.
These students have no work and they are given huge credit to spend. ^wtf^ In the end, the parents have to pay the bills. ^grrrrrr^
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I am glad to see you placed Coinbase at the bottom, because it deserves that position with the bad customer support and all the strict AML/KYC regulations being applied, sometimes without merit or reason. I would have liked to see something like Xapo on there, but I guess it is not truly a Bitcoin wallet. Well Done, your rating was pretty close to mine. ^smile^
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