I do not understand why XBC is climbing like a rocket... $130.00 now I think I have missed something lol Isn't it obvious? It's Bitcoin... with a plus on it. That sounds fooking awesome to me. In fact let's knock out Bitcoin Fooking Awesome right now and have it listed by the end of the hour. And apart from the plusness it's POS and there are only 85,000 of them but screw the details. Let's party.
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This is called network effect. The first one has always to stand up the toughest beating, but if that goes well it eclipses the rest. I agree that altcoins have yet to prove if they can be valid alternative, and there will be probably many new hurdles on the way, but we are slowly getting there.
The thing is though that it's quite conceivable that an alt could eclipse BTC in market cap and volume yet still be effectively unproven. That may not end too well if they actually started to use it in the way BTC is now. The majority care more about profit than anything else. I wonder how things would look without Poloniex.
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That is my point, too. Technologically, alts got few steps forward comparing to the 2013, when we had plenty of clones and premined coins and pretty much nothing else.
It's still to be seen how they'd handle actual usage though. I can't be arsed to research myself silly, but there seem to be no shortage of potential scaling problems with other coins too, let alone how they'd stand up to a regular beating the way BTC does all day and every day.
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Yup. Super sluggish today. I don't know why. This happens on occasion.
But if I were a fast moving gambler there's no way I'd be relying on Bitcoin transactions to be in the right place at the right time regardless of how well the network's running. Even when things are fine you might find blocks are still a few minutes late.
It's not Paypal ticking a box in their database, it's a seething mass of computing all over the world. That will never be the last word in fast and immediately guaranteed transactions.
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there was a tweet today saying that there will be a fork of Bitcoin and that all Bitcoin holders will get tokens on the fork...
the tweet also said that they will attempt to claim the XBC symbol from the long dead BitcoinPlus...
I don't really follow it, but maybe that's why XBC is up so much today - though it is BS, I think lol
Well, that just goes to show the sheer rigour that goes on with analysis in Altland. It sounds a little Bitcoiny. PUMP. Are the pumpers intentionally taking the piss out of everyone else?
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Actually i don't think debate on block size will be over within this year or by anytime in future. There will be always some sort of debate because people have different preferences and personal agenda.
One protocol increase, no matter what it is, would break the never ending deadlock. If it can happen once with success then that sets a precedent for the future. There'll still be whining of course but it'll be far less venomous when people see that it actually can happen. I think that's the only thing that'll spark a real run. It wouldn't be much to do with actual increased utility, more that a future path can be decided upon and brought to life. I'm not holding my breath though.
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Guy, there wasn't a dump after the first ETF rejection...in fact the price of Bitcoin surged after the news!
There most certainly was. It was very rapid but also very extreme as well. It was all over with great rapidity though.
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The bigger the alts become, the more likely they are to have their own maximalists. This is no longer 2013. Some of the stuff floating around is here to stay. Throw in all the USD options now too and there's no real desire or need for many people to go back to BTC.
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BTC's main point of attraction to the normal masses is its fast confirmation of transaction and low fees
Nope. Dollar signs was the USP.
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This is what the basic the big players use to do it, when ETH and DASH price were down they just came with BU IDEA and now crashed the bitcoin to below $1000 price and have bought in low in ETH and DASH and now they are getting %200+ in that so they are enjoying profit in both side. next month mostly when btc price will be below $800 that time they will start buying. This is my prediction.
There are more and more dollar options for alts. There are also large numbers of alt buyers who've never used BTC at all or for anything other than obtaining more alts. They're slowly becoming completely separate markets. That won't stop market share panic but it's time we let go of the idea of them all being one mass.
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BTC was not made for real economy and that's why the merchants are not interested about it. What merchant would be happy to receive the funds within few days and the value to go up and down? BTC is only good for speculation. They used Coinbase as a processor. No volatility and payments would've been settled as fast or faster than cards. But as ever the main issue is that very few people want to spend what they're hoarding.
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That's a real pisser. That's one of the extreme few places in the UK you could spend BTC, and I sold plenty of shite to them for BTC too.
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I'd rather see bitcoin drop to $200 because of China or the US government than to $900 because of infighting.
Agreed, but a drop to sub $400 might be what's needed to get all these squealing ninnies to actually do something. They're only in the position to squeal because millions of users put them there. If said users abandon them en masse, and a falling price and rampant alts would be the signal, then just maybe there'll be some actual action before they have nothing left to squabble over. Real people getting on board is what drives this train. I think there's a systemic amnesia amongst the people with influence regarding that who only rattle around their own echo chambers. One day they may peak out and see no one out there.
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I've been saying this.
1. Bitcoin's value is based on its utility. (fast confirmations and low fees)
Trust and nothing but. Functionality is great and necessary but if you can't trust it then it has no value. The current price fall is fear of that trust being shat on.
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Guys plz tell me im not the only one who notice that BTC was trading today many times at 911 price target Is it sign (bad one i guess ) There's a serial killer who targets people on these boards when it hits that price. Rather like those gang initiations who drive around with their lights off and murder the first person who flashes them, the first person to mention that price is gutted like a naughty piggy. Don't be that guy.
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I managed to make the things I dreamed about doing a reality. Unfortunately said dreams in reality turned out to be mainly a fucking nightmare. I'm not making that mistake again.
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so in reality people are choosing a centralized blockchain over a decentralized blockchain, is that right?
Very few people actually care about that. Many of those who do chant it more often than not are only saying it to look cool. They would carry on not caring until it's too late.
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Honestly if the price didnt crash already, i dont think it will in a big way.
A threat is a very different thing to impending reality. This is all still uncertainty. If it becomes fact then expect an awful lot more people to run for the door.
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Pretty much every "crowdfunding" "opportunity" = scam
Especially in the Bitcoin world.
But this is more like traditional crowd funding in return for perks rather than stupid investment stuff that promises returns that never materialise. I'm looking for some way of funding bitcoin for a new computer to develop a web site that has so far created. I could send postcards or small gifts from Ukraine as a reward, or offer advertising space on the site.
https://bitcointalk.org/index.php?board=12.0This is currently the closest section to that. I don't know if it has rules about seeking crowd funding.
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