I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?
It's hard to have "digital cash" without fungibility. So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash? Yes, mostly useless. What do you think? I think bitcoin has already proven itself to be useful as cash. Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions. I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero. Agreed. So make the case that requirement is part of 'satoshi's vision'. Fungibility is a fundamental and desirable property of cash - even electronic cash. If Satoshi's vision was "electronic cash", we cannot have that with a completely transparent, public blockchain and non-fungible units of currency. Not bad. However... Fungibility is not a binary property. It is a sliding scale. USD are not perfectly fungible. Is USD -- even in tangible form -- not cash? Physical USD is fungible enough for most intents, and beats BTC in that area. (BTW I just deleted your double post) |
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I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?
It's hard to have "digital cash" without fungibility. So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash? Yes, mostly useless. What do you think? I think bitcoin has already proven itself to be useful as cash. Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions. I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero. Agreed. So make the case that requirement is part of 'satoshi's vision'. Fungibility is a fundamental and desirable property of cash - even electronic cash. If Satoshi's vision was "electronic cash", we cannot have that with a completely transparent, public blockchain and non-fungible units of currency. |
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"Craig Wright says he has an exploit to take down Bitcoin (BTC) by end of 2019. Does he? Or all talk?" https://youtu.be/4TOnHAlI_VgWTF? I hope it's just Craig Wright talking out of his ass... CSW's whole thing is to exploit how people tend to believe that things aren't total lies. So when he says he's Satoshi, people think "Well, I don't believe he's Satoshi, but maybe he knew Satoshi". Or "He failed to destroy BTC with mining power like he said he would last year, but maybe he still actually has a bunch of mining capacity hidden away somewhere." Or "There's no technical way for him to irrecoverably screw with SegWit transactions, but maybe he found some bug somewhere." But really he's completely full of shit; the vast majority of claims he makes are complete lies from front to back. (And often just a tiny bit of research will make this obvious.) If he had an exploit to take down Bitcoin (BTC) he would use it today. Why wait for months before using it? As Theymos said, he's full of shit. I think he's rallying the troops. "Death to BTC" is a popular bcash warcry. |
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I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?
It's hard to have "digital cash" without fungibility. So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash? Yes, mostly useless. What do you think? I think bitcoin has already proven itself to be useful as cash. Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions. I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero. |
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I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?
It's hard to have "digital cash" without fungibility. So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash? Yes, mostly useless. What do you think? |
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I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?
It's hard to have "digital cash" without fungibility. |
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Interesting thread on Squire Mining (nChain's mining operation)TLDR: ... Soooooo now we can tie it all together and we can see that Squire Mining is really just a mineral mining company who is BUYING pre-fab ASICs constructed by Gaonchips and is pretending like somehow that production line can compete with @BITMAINtech.
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What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?
What do you mean "you people"?!  |
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 At least he's a nice guy, wishing us all a nice day. |
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I believe we've now reached yearly lows. Congrats. Bull market starts tomorrow.  |
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And $6000 broken.
You’re 30 mins late. We’re on our way to $4xxx When will this shit show STOP? Why this is happening? This is a predicted and necessary event. next stop 4650 It seems to me that a final capitulation, based on some bcash fud, is a very positive scenario. |
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Popped out for some air a few months ago, come back to full-blown Hatopia! xhomerx10 - would you do me the honour?  A delusional, crazed, bombed, psychopathic artist - on black please. Many thanks (and may the due Mother Of All Breakouts be UP) I think you need 100 merit to have an avatar. |
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I find it kind of funny that some shitcoin fork is having a significant effect on bitcoin's price.
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Like i said, there won't be another bull run, until we see a +2k or even 3k jump in one day, all those small green candles are meaningless and will be erased
I don’t see what imminent positive news is going to give us that kind of pump. BAKKT maybe because we’re not going to see an ETF approval any time soon. Constantinople in January ? Next year in Jerusalem? Detroit. |
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I was, briefly, a member of Goat's "crypto crypt" forum.
I guess I was one of the cool kids back then and got an invite.
I behaved there pretty much like I do here. I fancied it to be a kind of private wall observer thread. Within about three weeks he booted me for "low quality posts".
At the time I was pissed, but in retrospect I suppose I am glad that I did not fit in with Goat's crowd.
You folks don't seem to find my posts so lacking.
No, we just don't have a way to boot you. |
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...or...
CSW is about to employ mad ninja judo skillz, to redirect bitmain's hash power to stall the BTC chain. Perhaps. (?)
In terms of known hash power, Bitmain's dwarf's CSW's - at least when you include that currently devoted to BTC. However, CSW has always had enough hash power to achieve his objective.
At the 2017 Aug fork, he had enough to mine the first blocks ensuring the viability of the BCH chain.
In the last few days, his hash power has ballooned to large majority for SV on the BCH chain.
Does he hold more in reserve? How much?
We know Bitmain holds a lot of BCH. This would indicate a commitment to ensure the ongoing viability in BCH. They currently advocate ABC. If they retain that commitment, things could get interesting.
CSW has indicated his intent to bury the ABC fork under the SV fork. In the case that he controls previously-unimagined hash power, currently in stasis...
CSW could deploy just enough hash power to indeed 'bury' the ABC fork. If Bitmain stays committed to the ABC fork, they would need to redirect hash power from BTC to BCH/ABC. Assuming again that CSW has quasi-unlimited hash power in reserve, he can continue to deploy additional hash power to keep ABC buried. In order to ensure the continued viability of ABC, Bitmain would need to redirect yet additional hash power from BTC to BCH. Bitmain in this manner could possibly be drawn into redirecting most or all of its hash power from BTC to BCH.
If Bitmain's hash power is redirected from BTC to BCH, what happens to the BTC chain? Is this enough to stall the chain? When is the difficulty retargeting?
If enough hash power is pulled from the BTC chain, this will slow down tx processing appreciably. This could be accompanied by a large volume of small-value txs (sometimes referred to as 'spam txs'). The BCH community has already developed flooding tools used in the Gigablock Test Initiative. This combination could crowd other activity out of the chain, making it economically non-viable. The net result would be rendering the BTC chain useless for economic activity. If sustained, possibly followed by chain death.
I am not attaching any sort of probability to the above scenario. But it is an interesting thing to think through.
thanks jbreher deserves to be crowned, as he is clearly at the helm of BCH theorycrafting. |
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If I ignored everyone that quoted troll accounts I have on ignore, I swear to Moses. There would be none of you left. Poof  Without troll posts, we'd be back to chart buddy and tumbleweeds. |
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Except for r0ach, there's no way it's not a raspberry pi with a short list with jew hating PM pumping templates
It's not my fault you guys are NPCs. I sound like any normal human male from the year -5000bc to 1950. Humans have not physically changed in that long time period, you were just brainwashed into thinking abnormally. We are the elite 1% of crackpots, dreamers, anarchists, and nutjobs. If I were to buy into the NPC meme, it would be clear that all of you nocoiners are NPCs. |
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