Not true in the least and probably isn't good for the BTC users as a whole. When I say the term users, I mean people who are actually using BTC to buy and sell services and goods on the daily and not the people who're using Bitcoin as an investment to be able to make some good money. The people who are actually using Bitcoin are the ones that are suffering from this extreme volatility and are probably going to be the ones to find a new currency to use online, or maybe they'll go bacl to the traditional ones such as Credit Cards, Debit Cards, and so on and so forth.

Because if I relied on BTC everyday (I obviously dont) I'd be having a pretty big issue right now with the price going up and down on the daily.

But back onto the topic at hand, I think yet again (I may be one of those conspiracy people) that this is a way for people to attempt to rally BTC to go up and to make a select few amount of people a good amount of money.

I know there are a ton of people here that Bitcoin is going to go on a moon shoot one day, but I'm not one of those people so I would simply advise against doing something like this. I would simply invest in a index fund through one of those low cost companies such as Vanguard which has a proven track record of increasing at about a rate of 7 percent per year, that should be good enough to grow your a bright future for your child. As it does kinda make me scared to think of Parents taking thousands of dollars, putting it into Bitcoin, then losing a ton of it cause it just goes down 99 percent the next day.

I'm not going to say the index funds I put above are without risk, as they do have risk, though the risk is much lower then putting savings for your child into a currency which is disgustingly volatile right now.

Yeah, I highly doubt the pool is going to come out and refund this sort of transaction, it really doesn't matter what kind of evidence the guy who made the translation comes out with. That's a shit ton of money and I wouldn't want to give it up, as sad as it is to say, I'd rather keep the money to myself and my miners to keep them with me.

Kinda sad that something like this happened but I guess this is the way and the luck that goes around with a currency that can't be refunded, people sometimes get lucky and others get completetly fucked for making a simple mistype / mistke.

RIP MONIES FOR THIS DUDE.

See this is the same sort of thing that I've said with other aspects of industries accepting Bitcoin, I think they're only going to come outright and accept it if they do some sort of research and find that their is a direct correlation between accepting Bitcoin and more revenue. If people would be using Bitcoin over something like Cash, and this is just working within exisiting customers, it would just add more issues and stuff to deal with for the owner / manager / workers of a Hotel if they wanted to accept another currency.

Businesses and Governments will only adapt if it'll help them too, turn a tide on more revenue and save money if they can. They're not just going to make such a drastic change for shits and giggles.

Being far ahead of the US when it comes to Blockchain and Bitcoin adoption really isn't too insane, I don't think we've really adopted and all and we've done more along the lines of trying to regulate bitcoin rather than accept it. I do understand the governments reason for doing this, as they do want to control the currency within their own government, I don't agree in the least with what they're doing but what can ya do. Though, finding a store to use Bitcoin with in New York is probably going to be one of the craziest things to attempt to do and whenever I mention Bitcoin with friends they only really think of it as that Silk Road drug currency so yeah.

I don't think Japan is doing much, just a lot of hype to get more people to buy and further raise the price of BTC .

Issue with the whole hardfork and BTU attempting to gain some sort of stance is kind of dead in my opinon at this point, because of the shitty code that BTU had I think people have more or less started to give up on BTU as a whole and are moving on over to Segwit. So, the price rise is coming out of a new hope that Segwit will probably take over and that with a combination of overall BULLISH traders trying to make some money on bitcoin right now.

Thank god BTU is falling though, it was wildly annoying to have to see Ver taking credit for all this wonderful stuff he thought he was going to do for Bitcoin, I think this is going to be the time when once and for all him and Wu just fall out of place within the community and lose it.

This is the issue right now, countries are only thinking about it and recognizing it as something that is used online for a minuscule amount of transcations, I don't think the government really cares for Bitcoin and is only going to take the fight against Bitcoin if they feel as if Bitcoin is a rival and causing them to lose out on stuff within their own economy / tax revenue. So once Bitcoin hits that point, is when the real shit storm is going to hit.

Though, governments don't really formally recognize VC anywhere as there are many currencies that are used online throughout many different websites, marketplaces, and so on and so forth. Bitcoin may be one of the bigger ones,  but it sure as hell inst one of the only ones.

This is going to be a tough issue if it never does scale as I would think that another currency would take the rains, maybe ETH? You never really know on something like this, but the one thing that I do know is that people on the BTC network are sick and tired of paying such high fees and are probably close to just simply cashing out and just using another method of payment all the time rather then keeping their bitcoin like they're doing now and paying like $1.30 for one transaction.

I do hope it scales though, as I see that as the only chance for Bitcoin to be able to be seen as a currency that is going to be able to hold some sort of foothold when it comes to the masses accepting and using it as a whole. If it doesn't people are just going to find something that will suit their needed, like anything else in the world this is how it works.

That's the tough and hard thing about using a currency that is based and used for the internet and the only chance for it to survive would be the internet being online and running, though to do this day I don't think we could ever go through something like that and no government in the world would never allow such a catastrophe to happen in the least, the internet is going to live on forever at this point.

So, this is never going to happen bud and Bitcoin will live on forever.

Yeah they can earn money but I don't think a lot of them do it for the money in the least, as there all big members and trusted members of the community they really do this to help everyone as a whole. Some people will do it just to pay for the time that they use to coordinate everything but that could be a minor part of this entire process. I'd hope that people put trust above the money being made.

Yeah they don't earn a lot but they earn something, that's pretty much all I'm saying.

At the moment, I'm going to be guessing a lot more people hold and trade then actual going ahead and using Bitcoin as a whole. I'd say the big reason behind this is that Bitcoin is very expensive to use in a normal life experience, as it cost around $1.30 to confirm a transcation in any normal amount of time (Around 1 hr) which is pretty high coming off with normal transcations on the network aren't that high anyway.

2017 though, but this still makes sense.

Good amount but who knows how this data was found, could just be based on the amount of wallets in existence right now.

This doesn't really seem to be the factor behind all of this, but I'll agree with you on the motion that the government doesn't have control over the currency so they don't want it to be used, as they do want to control all the uses of one currency inside of their country. They also want to ensure they're getting all the tax money they can out of people and without the control of their currency, USD for instance, then it's going to be negative for them.

The whole narrative about criminals and Bitcoin does bother me as I highly doubt a junkie would go through all this trouble when they can buy drugs from some guy on the side of the road without any sort of issue of getting caught because they're using the internet that is heavily monitored by the FBI. I don't care what you say about all the protections you have against the police, you're going to be caught somehow if you buy online.

Use BitGo at the moment but personally one of these days I'm probably going to go for the investment and buy one of those hardware wallets, those honestly seem more secure and probably a shit ton safer so that's the route I'm going to go soon. Don't fully know if I'm going to go with Trezor or Ledger, I guess it matters on the amount of money I want to set aside for this in total. May be leaning towards the Trezor one as it does look a bit nicer, cleaner, sleeker and more secure.


I don't know I'd love to use a wallet which is on my computer instead of using something like BitGo, but I love my BitGo and I just don't think it's safe enough on my computer (or any computer) to use something like that on my desktop itself.

Yeah, if you're not doing anything shady with Coinbase bitcoin you should be fine. The only people, that come out with stories against them are people that probably did something a bit weird on their account and Coinbase was just looking out for themselves.

I think the big reason behind it at the moment is the whole part that BTU was very close to getting the majority they needed to iniate a hard fork and then everything fell through the cracks which gave investors and people that use Bitcoin every day new assurance that Bitcoin is able to go through these pains of inner strife and come out in the same way it went in. We're bound to see Segwit activate through UASF at some point, but only god knows when that'll happen and we'll be able to not pay a disgusting amount in fees for every TX.


I don't know if we're in a bubble or not right now, but the price does seem to be going up a little too drastically for comfort. May convert to USD at some point and wait it out.

This is one of the main issues when it comes to bitcoin today, the TX fee is so high that it kinda makes buying things with it not even an option due to it cutting into the price and just making me want to use another method to purchase something. I think this is due to the scaling solution issues that we had in the BTC community and the issues relating to people just trying to out-compete each-other for the higher tx to be able to be confirmed faster.

It's pretty shitty and we're all here praying for something to come fast out of Segwit, well some of us that is.

Well the only way for someone to be able to score this payday is going to be if the maximum block size limit is increased, so it's not going to be a pay day in the future and I highly doubt it'll ever be a good payday. This is simply showing support and throwing money at miners to come to the side of BTU instead of the real solution that'll work, which we know is Segwit. I wouldnt expect anything less than this with Ver and his cronies who are just paying a disgusting amount of money to try to take over the Bitcoin.

Fuck you ver.

Yeah, I highly doubt he has this high a portion of all the Bitcoins that are and will be in existence at any given moment. I think investors would shy away from Bitcoin as they'd think that Satoshi could just crash the market at any moment if he was to reveal his identity and to sell all of / a majority of his bitcoins (As we know ALL wouldn't sell at once) at one time. I'm not going to say he doesn't have a lot of Bitcoin, as he probably has a good amount but NOTHING THAT HIGH.


Plus, after all this time do you really think he kept track of all of this? It'd be a bit insane to suspect someone would keep track of all the private keys for these addys.

This is horrid for Bitcoin and is just going to lead to people putting falsehoods over the entire currency itself saying things along the lines of that it is all a scam and so on and so forth. Exchanges are going to have to become more reputable and such because at this level the amount of "hackers" is a bit high and people are probably just thinking that the owners are doing this in a way to make a ton of money and just run off.

Or maybe just that this hack really doesn't mean much to everyday traders that are just seeing tons of buy demands and making a ton of money at the moment.
OP, I don't think this is going to affect the price though even if its 5 mil it will just be looked right over without issue.

Wouldn't doubt that Ver and Wu have already put out a ton of money in bribes in order to try to discredit the entire claim and to push it off, I highly doubt anything they do is going to fix it, and I do hope they burn for all of this and everything else they've done. They've practically held Bitcoin hostage in an attempt to stop Segwit so Wu can still make more money of AsicBoost being able to run and work.

It's a bunch of fucking bullshit but what can you do about it, all we can do is sit here and try to show people the facts. Maybe if people don't buy Wu's stuff it'll kill him slowly. WHO KNOWS

This is something that people seem to forget about Bitcoin, it's the demand of wanting to be confirmed firs that's going to pretty much lead to a fight in the tx fees going up in order to acheive this. For instance, if everyone is going to be paying 10 cents for the transcations and someone wants to go faster they'll pay 12 cents. Slowly everyone will gradually move up to this so they get confirmed faster and faster.

This'll go on and on until we hit such a high point like we're at right now and we also have a scaling issue that needs to be addressed, thankfully BTU died off and Segwit should take more of a prevalence and maybe with UASF even run and save us from the high fees at the moment.

Fees aren't fair but that's how this all works, can't fight it if you actually want to use BTC.