We've seen that the BTC Core team is unable to fix problems (or way to slow).
What problems? I see none. Will the foundation make a comeback? Satoshi Nakamoto?
Foundation is a big no, and satoshi doesn't need to come back (even if she could). I would have liked Craig Wright to be Satoshi, he would make a nice ambassador.
That would be horrible. On the Ether side, I see Vitalik Buterin who is smart, young, very knowledgeable, so much that I trust his abilities to find and implement solutions if a problem arise. I have no doubt the scalability issue BTC's facing would have been fixed months ago if he was running BTC.
Nothing more than an appeal to authority at its finest. You should not 'trust' anyone in a decentralized, open-source project. These currencies are not supposed to be based on trust. So I'm afraid Ether will pass BTC some day, not because of better tech, but because of better and stronger leadership.
A decentralized crypto-currency is not supposed to have any kind of leader whatsoever. This. Smart Bitcoiners have already realized that Ethereum offers many things that aren't possible in Bitcoin or that will be available far too long in the future (scalability, smartcontracts, sidechains).
You mean like the smartcontracts that everyone will be obsessed about at the time of financial collapse? ETH has not solved scalability either (technically you can't solve this), and sidechains are already available in Bitcoin.
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Considering that the administration has not commented on the presented proposals ( example here) which intend to make spamming harder, I doubt that we are going to see something like an 'ignore all' button. It might be worth looking into DannyHamilton's list which has about ~1900 users.
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The technology is there, why would you necessarily need someone to represent it?
Due to the decentralized nature of Bitcoin, nobody can represent it. If they were able to, then it would not be decentralized anymore. Why would you need leadership to make bitcoin succeed?
Very few people think that we do. I disagree with it though, Bitcoin does not need a leader of any kind. Andrea is a great personality. I had the chance to attend one of his talk, and the chance to talk to him afterwards. He advocates for bitcoin all the time, what do you want him to do more?
He's doing quite a lot; there's no need to increase his current workload.
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Uhh... didn't Classic already "release the code"?
It did. Isn't the point of this thread that no one is using it?
Correct. The point of it is that nobody in their right mind would run it. Yep, and the first time that a block greater than 1MB gets built upon, and another atop that, and another, and ..., I will continue securing the integrity of the chain. You?
Are you referring to blocks greater than 1 MB in Core, or a controversial HF? saying things like " TECHNICALLY we didnt agree to anything ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif) " Core has agreed to nothing. You can't blame the open-source project for your lack of comprehension.
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I hope many of you have received your books. If you haven't yet gotten a digital PDF copy from me and want one, please message me again.
While I do not prefer reading PDF books, I've went though the PDF copy last night and it looks very well. I can't say that I have something that is worth complaining. Well done! My copies have arrived ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Could you take some pictures? What are your impressions? Are you satisfied with it? I'm very curious since I'll have to wait a while for mine.
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This topic has been moved to Trashcan. Reason: Empty.
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The leadership under Bitcoin Foundation present executives has been a laugh. Total rubbish.
TBF is a bad joke and needs to remain in the ground. Without leadership there, Greg Maxwell took over Bitcoin and ran it straight into the ground.
He did no such thing. You can't "take over Bitcoin". The only way to save bitcoin from an early death is to have Andreas Antonopoulis take a CEO role and guide the ship.
There is no "CEO of this ship". Maxwell fucked it all up.
No. Only Andreas will be able to right the ship at this point.
Possibly, but not necessarily.
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Well, technically you could make it safe if you: 1) Use an encrypted E-mail service that does not have access to your stuff (even in the case of a hack). 2) Encrypt the keys themselves with a good password.
The chances of your email being the target of a hack and the chances of them breaking through both encryption (assuming that good passwords were used) are very slim (near impossible). However, the general rule is to not store anything related to your Bitcoin wallet on any service connected to the internet.
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i think satoshi is spending the coin,
That makes no sense. i think it is also make sense that satoshi spending the coin because its his/her hardwork to create bitcoin
No it doesn't. Satoshi, unlike many of the 'bitcoiners' here, was not led by greed. i think that even in this case people would panic and it would effect negatively to the price.
Nothing surprising there, weak hands, i.e. sheep. Perhaps before halving, there will be movement to his/her coins and the coins will be released to the public.
No, that doesn't even make sense. Even if all assumptions were correct, that would be a irrational action. Maybe its a conspiracy to crash Bitcoin prices during halving.
Do you need a tinfoil hat?
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Hopefully I will get this right the third time (reported both posts): 3 @ 0.13BTC
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One really needs to prepare for the amount of threads that people are going to open on the same topic. There were/are several threads on this very speculative event. I am ready for sure but I don't have high expectations from what's going to happen at the halving day. I will most likely not sell any coins as I don't think the price will go much higher than $500.
That is a reasonable expectation. For halving block i just have a little bitcoin but i hope no more than 1 month i will have 1 bitcoin
I'd suggest that you invest those Bitcoin into English lessons. I am sure bitcoin halving will surprise us with a big profit, and will not disappoint us.
Yet another person led by greed.
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Great technology and fast development, even so i don't see anyone who use Ethereum as currency?
You can only use it at remote service as the merchant adoption is very low in comparison to Bitcoin. The idea behind ETH was never to use it as a currency. quote author=Patatas link=topic=1484353.msg14966318#msg14966318 date=1464190280] You definitely seem mistaken.As far as I know,total supply of ETH is limited to 80,371,370.66. [/quote] Why would he be mistaken if ETH is going to transition to POS? POS effectively means infinite supply. The value of the item doesn't depend on the supply but the demand.
Wrong. It depends on both the supply and demand.
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This is just a FUD attempt against status quo. Brian will try just about anything to get his way at this point, but it isn't working. Coinbase is positioning itself for profit; they don't care which currency is at the top. You turn your back for five seconds and the whole Crypto world changes.
Nothing has changed aside from 'controversial HF groups' trying to attack Bitcoin in different ways now.
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Assuming that you're asking how to invest them, and not spend them (as you could buy anything that you need) follow the steps below: Step 1) Don't ask random people on the internet for such advice (like this thread). Step 2) Only use the amount that you are willing to lose. Step 3) Start with what interests you the most. Many posts to discuss this. I guess most people will just hold. Afterall, at the current price, 10BTC is not a big amount.
It's a big amount for a lot of people, and most of the users here don't have access to that much money. If i had 10 BTC definitely will play on gambling site to lose everything within few hours because it is best way to spend bitcoins there. -snip-
Corrected.
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What a joke. ETH is based on the speculative premise that smart contracts are important and will have value. Surely once disaster strikes, everyone will ignore the save-heaven and rush into ETH because of these contracts. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) At least we know who is behind the ETH pump ("coinbase blog"). I've completely missed out on this. How come that there were no Classic supporters talking about it? 2mb was bad, yet blockstreams 2017 roadmap is a whopping 5.7mb potential real data transmission per block(due to other features)
What the @#$@ are you talking about? "blockstreams 2017 roadmap"?!?!?! Where can I get a copy of this? You're wasting your time with that guy. According to him, I'm in Blockstream's PR department. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Da izvesno me prica ponela, ali velika su to ulaganja za moj budzet.....i opet bi to bila neka neizvesnost. sto se vrednosti BTC tice imam utisak da ce porasti nakon halvinga upravo zbog minera (jer ako ostane po trnutnom reward nece biti dovoljan).
Tu je prisutan "self-regulating cycle": Rudarenje se ne isplati -> mali mineri prestanu s rudarenjem -> hashrate pada -> rudarenje je opet profitabilno. Tu uvijek najlosije produ ljudi s malim kapitalom, te oni koji nemaju pristup jeftinoj struji (sto je slucaj Hrvatske). A gdje ti je još računica za carinu i PDV?
Znaju da zaborave to ljudi kada kupuju skuplje stvari s interneta. [1]
Update: [1] Nisam nuzno govorio za EU 'trgovine'.
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Bitcoin handles around ~3TPS on average, which equals to 1800 transactions per ten minutes or ~259 000 transactions per day. Now let's factor this in: what will happen if one billion people were to use Bitcoin as their currency of choice, will the infrastructure be able to handle the traffic and will the transaction speed become extremely slow?
Even if we assume that 1 000 000 000 people only do 1 transaction daily with an average size of 1/2 KB (realistically the average might be closer to 1KB): We get 500 000 000 KB per day, i.e. 500 GB per day. Now you have to divide this by 144 (number of blocks per day) and you end up with ~3.5 GB blocks for just 1 TX per person per day. It is clear that this is a distant future if we focus on on-chain scaling. However, there are secondary layer solutions being built that will help accommodate a lot more users. I had one transaction which never went through, and another which took more than 12 hours to go through.
That must be something on your end (probably bad fee), as I have never experienced anything like that.
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yep, that is a lot of assumptions.
Nobody can really tell you anything specific as there are a lot of assumptions and we are practically in the space of baseless speculation. i was thinking that could there be some ideological or even political reason behind.
There might be; we don't know, ergo we are speculating. yep, couldnt satoshi just circulate the coins thru so many addresses that people wouldnt any more know the origin? is that possible?
Yes, but it isn't really easy to lose the trace of the 'owner' unless they flush them out via a mixer, services (e.g. gambling) or exchanging into altcoin.
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Heh, no need to fud the status quo.
That was not my intention. With 'worse' I meant the potential consensus on a decision (which is more difficult while we are in a stalemate). It aint the end of bitcoin.
Correct. So you're okay with losing marketshare to alts while we wait for the fabled segwit/LN or whatever which won't be ready til god knows when?
Segwit is coming independent from LN. Segwit isn't far away and is definitely not going to take longer (at this point) than a properly designed HF would.
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This topic has been moved to Trashcan. Reason: Insubstantial introduction thread. - Pročitajte pravila.
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