Hmm. It's certainly on a very energetic run all of a sudden.

I've already been there and did nothing. It would depend on the nature of the crash though. Assuming everything was technically and spiritually fine I'd carry on as before and perhaps buy some more. The longer you're into this the lengthier your game plan becomes.

If such a crash was due to Bitcoin's continued failure to scale and increased genuine migration elsewhere I'd probably have to give my position serious consideration. Maybe there's a point where it's not going to be coming back.

I dunno. It's now fully integrated with Coinbase which removes a lot of friction. Bitpay is a different matter but these people are in business and they're not going to tie themselves to pointless ideology and sentimentality when there's money waiting to be made.

It could happen considerably faster than we expect but only if there's demand. Right now I can't see much evidence of the desire to spend LTC.

When it comes to wages I assume plenty of them are going straight to dollars. In that scenario people won't really care what coin it is as long as there's a dollar portal.



It surely must be right now for the more modest stuff. Why would you bother buying a Steam game when the fees eat up a quarter of the cost?

Well, for starters I don't know anyone who watches TV any more.

On top of that who is going to pay for it and what would the angle be? I think it's a terrible idea to directly promote it.

The way Bitcoin succeeds is not by badgering people into getting into it prematurely, it's working on it until it's so obviously superior that no one requires any persuasion. Everyone has heard the word by now. It still doesn't fulfil any genuine needs for most people.

That's wonderfully easy to say in retrospect. $5000 is a substantial amount to place on a wild bet when you're already taking a wild bet with BTC.

That poor lass has had her anonymity blown. According to more than a few posters here she's now on an NSA hit list. I'm willing to contribute to her digital erasure and bunker.

Awesome math skills, bro.

If I had 1000 BTC right now I would extract 1 million dollars for my caravan holidays and then sit on the remaining few hundred. That's the essence of a win win.

Doing nothing is better than Unlimited. That's just too shit to ever be considered.

If Segwit doesn't catch on and Unlimited continues to fall apart, then someone somewhere will come up with something that is acceptable to enough people.

So if I want to buy a gift card I have to transfer my Bitcoin to an exchange, thus paying the fee anyway, then buy some alt and possibly warp the market in the process, then withdraw from the exchange to my whateveralt wallet and then buy my gift card?

Yup, that's going to catch on wonderfully.

Then where does the value you want to transact come from? There's no way I'm going to skip to some totally unproven coin if my RapeCoin confirmations slow down.

So what of the drugs that save lives and take decades and billions of dollars to develop? Where's the incentive for anyone or anything to take the long view and do all that work for zero return?

Similarly there's no way I'd ever bother making a film or writing a book if entitled little shits decided my work had no value and just nicked it. I'll go and do something that will reward for me for my time.

That's a trade. If you were a plumber I wouldn't expect you to work for nothing.

Times that by an entire planet and it looks like a rather more desolate place.

The rest of your life. And the fees to move what you've got will be so high by then that you'll have to leave it to the next few generations to pay them off.

Go and mow some lawns for a few weeks instead.

What can you use it for?

What nature of commerce are you getting up to? You're going to struggle if fiat is involved somewhere in the equation. Coinbase and Bitpay only do BTC, but I seem to remember some sort of Shapeshift integration too.

The police have taken over the job so the civilians are taking a break. Someone's got to keep murdering over there. It's the American Way.

Nope. That's why Bitcoin has the value it does today. It was the first digital asset that is impossible to counterfeit and doesn't require a third party to back it up. That's the problem it solved and that's why it's a big deal.

If there were the slightest possibility of that happening it would be worthless. You absolutely cannot send or receive anything that isn't BTC.

I think it's the pool operators. They're the ones who have most to gain from high fees, more so than miners. I'm interested to see where the tipping point is for all of this. It can't continue forever.

I've never bought into the idea that servicing everyone's naked greed is great for BTC. At some point you need to show a little long term vision. Very few in the mining space seem to be capable of that.

What info is proving to be confusing? There is an awful lot to wrap one's head around but there is enough experience here to draw on.

I certainly hope not.

The private chains do I believe.

Gambling all day long. Rightly or wrongly people will keep on coming back.

Dating sites are also far more brand, scale and promotion dependent. People go where the people are. There are loads of dating sites with about three people on there. I think the biggies are now too big be usurped in the same way launching a new Ebay will never work.