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Ok, I am purely a hodler here so be gentle with me......
What is wrong with everyone going over to XT?
My limited understanding is that In years to come 1mb block size won't do if it heads towards mass adoption and transactions increase dramatically.
Why stay at 1mb? What's the good thing about staying at 1mb blocks and staying with core?
Again, I just hold my bitcoins so explain in a simple way please.
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Can somebody explain this to me like I'm a 5 year old:
XT is supposed to make bitcoin futureproof, but how is it going to achieve that, when it can be spammed up to ~1.15gb / day, meaning that it'll take just 100 days for a determined attacker to increase the blockchain to +115gb, and around a year to take it up half a terabyte. Is this "futureproofing" or ensuring that the future of bitcoin is one where it dies out of bloat and where no-one wants to download it?
Increasing the fees within the 1mb limit is a far more acceptable strategy. If that means bitcoin not doing microtransactions (at least in the traditional / on-chain way), so be it. Gold coins weren't used for microtransactions either, they had silver and copper coins for that.
I am glad you have asked. Although I think I may need more of a 2 year old explanation with colourful pictures |
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Yeah I think you could be right.
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I have been holding btc for quite a while now and I have a fairly decent amount. If I want to diversify and invest in an alt purely for profit in let's say 5 years which should I read up on?
Please give your favourite alt coin and why.
Also speculate as to where to hope to see this coin in 5 years.
Thanks
Russell.
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What's the reason for the bullishness after a small drop? Am I missing something?
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I am not wealthy at all and I own 1 btc many times over and I didn't start until the price was about the same as it is now in 2013. Sell some of your useless junk at home and get onboard.
If you don't hold at least 1btc and you are in this forum reading all this you'll kick yourself later on for not doing it sooner.
I understand in some countries 1btc $267 is a lot of money but if you earn this in a day (which is achievable where I live) then there is no excuse.
Seriously!!!! 1 bitcoin in a day!!!! Wow, how do you do that. It took me so much time to get 1 bitcoin and you are saying of getting it in one day.!!!!! How  he meant earning 1btc in a day in the country he is staying by real day job and not just by the means of online earning , .... yes that's very possible if you have a good job Yes, earning the equivalent in my currency of 1btc per day at the current price it is now is very possible here. I am self employed and can earn this without too much difficulty. Obviously our cost of living is much higher so earnings need to be higher. I know in some other countries they don't earn as much but their cost of living is much lower. Harder to buy btc in that case. |
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I am not wealthy at all and I own 1 btc many times over and I didn't start until the price was about the same as it is now in 2013. Sell some of your useless junk at home and get onboard.
If you don't hold at least 1btc and you are in this forum reading all this you'll kick yourself later on for not doing it sooner.
I understand in some countries 1btc $267 is a lot of money but if you earn this in a day (which is achievable where I live) then there is no excuse.
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The way things are going between $200-$400 wouldn't be too surprising. (Only saying this as it's been boring for so long.)
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Are we going under?? I guess so  under what? i see the same value in the orderbooks and the same giant green thing on Finex when Chartbuddy posts And then your Mum woke you up from your wet dream & told you it was time for school  😊 Never sold a single satoshi, it's sink or swim for me. I'm a long term HODLER, we'll see in many years time if I've made a good decision. I'm certainly not an owner of a pair of 'weak hands'  Exactly my situation too. Steel hands |
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I don't think ask has the slightest clue what is happening. Same as everyone else.
He fooled a few. Even me.
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I think you should not say "we" like you are a fellow bitcoin enthusiast. You are a troll, remember?
So, because I'm not a rah-rah cheerleader for bitcoin, I must be a troll??? Even for your dim brain, I expected more. The sheep herd mentality in this forum is simply astounding. No dissenting voices allowed. How fascistic! Well you posted this recently .......... As a noob, you are a lunch meat to the early adopters, whales and manipulators in the market. Since it sounds like you've bought some coins, you have my sympathy. Now, sell your coins and try to recoup as much as you can, while you can. Bitcoin is a Ponzi scheme. If you stick around, your coins will become worthless. Btc has lost 80% of its value since Dec'2013. Recently, some of the early adopters, whales and schemers tried to stop the decline but they have largely failed. The longer you hold your coins, the more you will lose. Don't be their bag holder. They have lured in countless others with false promises. Their words have proven to be false; "To Da Moon!", "1 BTC to be worth 1 Million $!!!", etc... All pump'n dump, putrid hyped up marketing. Don't be holding their bag. not a troll?? |
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I have bought in on pumped up Alt coins during a Huge Pump in my noob days.
Never again.
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Mye eye spy some serious mooning. The next few hours are CRITICAL.
I hope so. Could do with some mid week excitement. Would it be because of the yuan? |
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I struggle with the concept of people here only owning dust too
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Bottom is reached. Can go down to 270, but nothing below. Will go up next week again. Mark my words.
Words marked. King of hindsight |
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Direction seems a little SSE for now.
Go two steps back, and check again Yep checked |
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Direction seems a little SSE for now.
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This makes me not want to sell for a very long time! I'd feel physically sick if I was OP
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Me too. Nerves of steel.
I'll either be rich or lose my investment and have wasted countless hours on this forum looking at stupid train, bear,rocket and coyote smashing himself up pics
Well yeah there is that....... I don't really want to think about the money I've invested in bitcoin. It's gone now. We all invest for the hope of a better life one day. I'd rather to quote 50 Cent - 'Get Rich Or Die Trying'  Seriously though, nobody ever became wealthy by playing it safe. Who wants to stick their savings in a crappy fiat banking system with awfully low interest rates. Even if bitcoin doesn't 'go to the moon' we should be looking to at lesst double our investment as a result of the halving next summer if not the halving 4 years after that. I think we are pretty like minded and we both know doubling our investment is not good enough in the end. Even 10 x would be disappointing. Personally I'd like to buy up property one day with my stash. 10 years? I can wait. |
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Me too. Nerves of steel.
I'll either be rich or lose my investment and have wasted countless hours on this forum looking at stupid train, bear,rocket and coyote smashing himself up pics
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