In my opinion, I think the intended purpose of Bitcoin wasn't to make profit, but to create a utopian society where monetary systems have no value.
It doesn't really matter what the intended purpose was. It becomes what the subsequent users decide it is. Unfortunately those users are human and so avarice will shit all over anything more noble.
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Why does LTC need Segwit apart from pleasing speculators?
Sounds like a sound enough reason. I presume it's mainly attention by attracting all the developers who want to see their babies in action. Added functionality might mean more moneyz.
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You guise are taking shiny baubles for Manhattan
That's the finest analogy I've read here in quite some time. Respect. But after months of staring at charts and clicking to abstract ends, sometimes you just want to spunk a little all over some baubles. I know I do.
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Not realy impossible, but market cap would be around $9,073,939,983 XEM would be the second coin after bitcoin.
If it ever got to that level then Bitcoin, and all of cryptoland, would be considerably bigger too. NEM might still be the same size proportionally to other coins. The whole thing is just getting warmed up.
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Bitmain just wants to stop SegWit on Litecoin?
Largely this. Anyone who thinks Litecoin would cheerfully sail towards Segwit without Bitcoin politics infecting it is on the naïve side. It's nothing to do with LTC and everything to do with BTC. The more brazen they are the harder they'll eventually fall. Everyone in LTC apart from the usual Chinese cartels wants Segwit.
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So now know Litecoin's activation has nothing to do with, er, Litecoin, and everything to do with Bitcoin. What a worm.
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Google this - 'site:bitcointalk.org Casascius bearer bar'
And you should see plenty of entries but there don't seem to be many recent happenings.
It seems like strong money to me but there isn't much previous to go on. Ebay sales usually aren't as realistic as here.
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Well played. I want to buy an nice car from my profit of the last couple months. Ford mustang or a mercedes. Still not figured that out yet. Its good to take profit some times.
Golly, you people are high rollers. So far this month I have purchased a light for Kindle with my crypto windfall. And it's pink.
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I think it will lessen the rape and murder case.
Erm, if you're the type to kill or rape people it's safe to assume that you're also not well rounded enough to think of the consequences of what you're about to inflict on your victims. I can't imagine there are many people about to ram a screwdriver through someone's forehead who think 'hang on, this is against the law'. Followed by an apology and quick exit.
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No. The corrupt politicians were urging for the voters to reject Brexit. But the voters had enough of the EU association, and they voted for an exit from the European Union. Theresa May just did what was needed.
But the 'politicians' who did persuade people to vote out recanted on the factoids they used to lure voters and are now running around like headless chickens on the road to nowhere.
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Sooner or later JAPAN will become first to accept any major cryptocurrency as their own currency They do right now. Bitcoin is fully legitimised. I was wondering whether anything else was at the same time.
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Does anyone know what XEM's status is in Japan considering they just made BTC fully legitimate? Was it on the same list?
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The only reason behind this is huge debate between bitcoin users and miners. With LN miners will loss so much of their revenue from fees. With LN normal bitcoin users can have faster transactions with very low fee. why all this miners will support LN if they gonna loss their revenue LN transactions seem to be limited to 0.042 BTC for now. All of my recent transactions have been bigger than that because that's how I roll. And to start doing LN transactions you have to kick off with an on chain TX plus another to get off. The possible demand for on chain stuff might be bonkers. I really can't see any scenario where miners lose out, especially if block sizes remain modest. But I'd want to see a properly working iteration before deciding it was a certifiable wonder. It might be a load of noodly bollocks beyond the testnets. I especially dunno how the hub thing will play out.
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I bought 500k nem at 400sats and sold at 850sats.. I'm so gutted right now and can't bring myself to invest at just under 3k sats.. is it really gona go any higher??
Who knows? Long, long term the likely direction is only up. Buying now does feel a little like dicing with death but it's also easy to underestimate the size of pumps these days. One thing to bear in mind is that it's on or at an ATH. Nothing sticks there for long, unless this is the foothills of an even bigger one. Put the FOMO to bed and have an objective look at its behaviour.
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It's a extremely tricky situation. I wish that we could at least get segwit, then LN. But even after we get LN, we would need eventual blocksize increases, otherwise optionally doing onchain transactions would be impossible, and LN functionality itself I assume would suffer eventually, without said blocksize increase.
Indeed. I think part of the problem is that despite all the noise, everyone with influence is still too fat and comfortable to be pushed to action. Exchanges are still coining it, miners certainly are, Core can point to things working perfectly. The only people who may not be so content are the users and by the time they make themselves properly known they might be permanently shopping elsewhere.
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Relevant https://medium.com/@whalecalls/taiwan-aml-reforms-usd-crypto-drama-15417cbcdf7bTLDR - Any exchange that routes through Taiwan has the same problem. This is not a crypto specific problem. This is due to Taiwan's legislative shitshow. Other payment processors have the same problems. It's possible the international movement of USD might falter elsewhere. That being the case any exchange that has nothing to do with Taiwan - Coinbase, Gemini, Kraken and others, will have no problems at least relating to this issue. It may be that non domestic US transfers will clap out via other routes. I don't know where that leaves Bitstamp but they do have an EUR market now.
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Bilge. If it really had been him then he should've signed a message from one of his known blocks. Just maybe there were a few people at the time who had the incentive to spoof this.
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Some people value the immutability of bitcoin as a very attractive feature, specially if you intend to use bitcoin as a long term store of value where you expect the price going up.
Sure, I want to see bitcoin with segwit and lightning network to enable instant payments and see bitcoin getting used in over the counter real life situations, but other people don't care about scaling bitcoin, they just want it to be as immutable as possible. Lack of consensus may lead us into a split tho, and hodlers shouldn't have that on their plans.
There's immutable and then there's ossified. Many people would be more comfortable with something immutable that had capacity baked in. Then it's welcome to be as immutable as fuck.
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Indeed, I saw it too in that thread !
The only guy that understood "immutability" (of the protocol) at that time !
I'm sure full blocks felt like a stupidly ambitious idea back in the day, but had I been around at the time even I would've thought a limit of 250,000 or so transactions per day wasn't a great deal of headroom.
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