I would go in big time with monero right now if someone gave me a reply on how monero pretends to scale without centralizing the nodes, since apparently they went the dynamic blocksize route, so if the network gets anywhere near bitcoin usage it means the nodes would be big as fuck and regular people couldn't be able to just open their computer and sit back and relax as they are a node and do other things at the same time too. You would need a dedicated computer and massive dedicated HDDs to run a node and eventually only datacenters will bother = dead coin.
I did asked you before, if you would be nice and put terms that you use so far as "big as fuck" and "massive" into numbers. Since this can be differently understood by different people. That is why there were invented measures, so we can compare things among each other. Like they invented meter, so we can measure which ship is longest. As I see future, we will live in a land of many big blockchains and most dominant one will not be as dominant Bitcoin is today. I am not that technically skilled, but I am right now running a node and it goes super smooth. While syncing took like 200m RAM now when running takes up to 50m RAM. So less than each of many chrome tabs I have opened. I dont understand why you dont just download the GUI and sync it and give it a try. Oh my computer is 4 year old and was nothing special when bought. As I remember long ago, plan was that most hashing power will come from is called smart mining, so wallet users mining while using the wallet. This is far from your prediction. Also best place to ask questions is http://monero.stackexchange.com/ First of course check if such question was already answered. It's not that hard to understand, just look at the average computer out there and try to guess if it's going to be viable or not for the average person to be able to run a node. And at the end of the day, it doesn't matter. What we know for certain is, the bigger the blockchain, the more likely you are going to lose nodes/centralize nodes towards those with more resources = very bad thing. Thus is it deduced that the conservative blocksize approach is the best one, and if Monero was as big as Bitcoin is in adoption right now, nobody would be able to run nodes except the few people with big wallets to invest on it. |
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An interesting Monero criticism brought up a few times before over the years. Lets say BTC has been out for 8 years at 72 gigs. Then lets say Monero has 2 years at 8 gigs. Lets multiply Monero.. Same time period would then be 32 gigs roughly. So what is the difference ? ADOPTION  Monero has none and Bitcoin has LOTS. So imagine the user base as equal.. And that is the underlying point here people are playing games about. If the Monero guys hope to achieve BTC levels of adoption and far greater then ? THAT is when there is an issue. It's about creating something with known problems from the start as mentioned in the quote here earlier. I think it's moot point though because Monero is not going anywhere. It peaked and is destined to toil and wallow in obscurity forever. This is what im talking about, when you consider the idea of Monero going as high as Bitcoin's current adoption (and we are all still pioneers in bitcoin if you consider it to mainstream tier usage) then Monero collapses. It cannot avoid node centralization. Bitcoin has already solved this by going the offchain route with LN, but Monero is yet to tell us what they are going to do, and thats why I cant consider a serious long term investment for XMR. |
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I would go in big time with monero right now if someone gave me a reply on how monero pretends to scale without centralizing the nodes, since apparently they went the dynamic blocksize route, so if the network gets anywhere near bitcoin usage it means the nodes would be big as fuck and regular people couldn't be able to just open their computer and sit back and relax as they are a node and do other things at the same time too. You would need a dedicated computer and massive dedicated HDDs to run a node and eventually only datacenters will bother = dead coin.
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Absolutely. Under unfavorable scenario, move on to another blockchain not a problem.
You mean the Iconomi project could be able to move into another project/platform in case Ethereum collapses? how can this be the case? as far as I know Ethereum was chosen by Iconomi team because the technology of Ethereum was needed in order to make the Iconomi project a reality. So where they can go? Maybe we already had Bitcoin sidechains but it will still take a good 1 or 2 years for that, so right now I don't see how Iconomi can leave Ethereum and they are hostage of Ethereum doing good or bad. Iconomi is not dependent on eth block chain but only needs a platform to distribute the dividends, they are working on crypto and also trading eth but still can switch to another block chain to pay dividends. What other blockchain they would move at? it states clearly on their website that iconomi makes use of ethereum's smart contract technology so how is it as easy as moving into "other blockchain"? the only 2 relevant blockchains are bitcoin's blockchain and ethereum's blockchain and ethereum is a joke compared to bitcoin's hashing power so it's not like they have many options. If iconomi can run under bitcoin's blockchain why the hell did they made it on top of ethereum? You need to do homework. asset like ICONOMI cant be run directly on Bitcoin blockchain, but can be run on counterparty that uses Bitcoin blockchain. There are quite few asset platforms, and each of them have advantages and disadvantages. Maybe this will help you list them and to find most valuable asset that is run on that asset platform. http://coinmarketcap.com/assets/In first column you have an asset and in second column you have an asset platform. So asset Maidsafe runs on Omni platform. That means ICONOMI could posiblly run on Omni platform ( I am probbayl saying bull shit here, since I dont know Omni platform that well, but I hope you got my point) So Omni, Ethereum, NXT, Counterparty, BitShares, NuBits, Asset Backed Coin. I am confused why there is no asset listed there that runs on Ethereum Classic, but maybe Ethereum is meant for both classic and forked one. Ok so why did the developers of Iconomi use Ethereum as a platform and not Counterparty? If Counterparty uses the Bitcoin blockchain then Counterparty is already a better platform compared to Ethereum all thinks equal, since Bitcoin blockchain is much more stable, more powerful, older, more difficult to hardfork (see the hard fork mess in Ethereum) etc etc. So why did they choose ETH? there must be technical reasons. |
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Am I the only one who wishes a little bit slower growth rates?
I simply can not shake the feeling that there is something building up driven by speculation.
Too much speculation leeds to bubble building, and bubbles have the nature of collapsing somewhen.
I want my bitcoins to stay!
i think you can relax 2017 is going to be action packed kim Dotcom and lots of others are launching popular new services that will draw people into btc who never heard of it before.......... if the LN network is implemented btc will be fast and cheap enough to pay for stuff like coffe and beer again Indeed, big things popping for 2017. It would be 1000 times better if we had segwit too tho, it solves so many problems that would be needed to be solved before pushing bitcoin to the next level. Let's just hope that the Roger Ver airheads out there come into terms and finally admit that BUllshit is a failure and segwit is the way to go. |
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Who cares what governments say about bitcoin? If they try to ban it, it will only get stronger since people will see how effective it is in its role. It will show the government-bankster mafia is scared because they can't do shit nothing but scare people away from it with bans. Too bad bitcoin is a network that is hosted all over the world so banning it will have no effect. People will still be able to have p2p direct transactions. You can meet with someone and exchange BTC for whatever you want and even use a cheap ass SMS phone if you dont have a smartphone.
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The resistances presented in this rally keep getting beaten, I can't get enough of how good bitcoin performs. Watch the chart and you will see a healthy lateral bull run. I feel bad for all the idiots that have been selling all of their coins for the past 2 years in all those dips when it was obvious the big picture presented a bull run that will reach a new ATH. All those dips were is just great excellent buying opportunities.
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Here you have it, the $920 resistance that guy above talks about was broken in the past few hours, new peak is $935, and we have already seen a correction and now we are at $930, bitcoin's fantastic performance keeps proving haters wrong. When you think it's over, you realize it was just another dip and people that shorted lost their pants and got kicked out of the game. Holders win again. See you at 1k+!!
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If the bitcoin will reach 1000$ price each then the drop the you are expecting might happen because we know that if there is a pump there is a dump. In my opinion, Bitcoin will drop down to 600$ then it will take a few weeks or even months then it will climb up again to 750$ to at least 870$ then it will become stable for that price. But that is only my prediction for the price.
This is what will make a lot of people suicidal. They think we are going to see a mega drop after we reach 1000$ when it's not the case at all. We are going to get past 1000$. Sure there may be a correction because market psychology and 1000 being a very round number, but the correction will be way smaller than a lot of people think. They will lose their pants shorting and they will be out of the game as they aren't able to buy back, or they will buy back at a loss. The best thing to do is not sell a single satoshi, we can only go up in the long run. |
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I bought more BTC down in 850, was a good buy. Seems like there is a lot of people that's scared to see it push 1000+. We are going to see a lot of pressure in the 900 resistance I think, but we will eventually get there, so you might as well keep buying every dip, who cares if it crashes down to -800, we will be in 1000+ if not this year then next year 1000% guaranteed so just keep stacking on more cheap BTC.
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Im not sure about that, bitcoin just tested 900 dollars again in bitstamp and we are not slowing down. As long as bitcoin keeps trying to beat the resistance people is going to stay in bitcoin. All the altcoins are still in red, if you go to poloniex you will see the top currencies are all in the red and nothing seems to change. Of course there is the random pump for no reason with small volume in some alts but who cares.
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Absolutely. Under unfavorable scenario, move on to another blockchain not a problem.
You mean the Iconomi project could be able to move into another project/platform in case Ethereum collapses? how can this be the case? as far as I know Ethereum was chosen by Iconomi team because the technology of Ethereum was needed in order to make the Iconomi project a reality. So where they can go? Maybe we already had Bitcoin sidechains but it will still take a good 1 or 2 years for that, so right now I don't see how Iconomi can leave Ethereum and they are hostage of Ethereum doing good or bad. |
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I have been considering getting into monero but I have seen a weakness that I still don't see how they are going to deal with. Since they use dynamic blocksize, they are prone to ending up with an huge ass blockchain which means nobody will run nodes, and no, prunning and stuff is not enough, we need as most people running the entire history of the blockchain as possible. I discuss this here: https://bitcointalk.org/index.php?topic=1729338.0I think Bitcoin is/will be more private/secure than monero because they are taking the conservative blocksize instead of ending up with datacenters running nodes. |
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I was discussing this in another thread. It's pretty much assumed that Monero's blockchain will be huge if more people start using it and they will not be able to keep it from growing since they have choosen to go the dynamic blocksize route, and it's a tradeoff for the extra privacy technology for the blockchain to be biggger. The question to be asked here is: What's the point, if the blocksize is going to become so big that the nodes will be way too heavy for regular users and more and more node centralization will ensue until only specialized people will be able to run nodes?
I want to get back into Monero, I invested originally back in the day but eventually sold. It seems they are finally making it more user friendly with the GUI. But I still have problems with the scalability problem. Some people complain about Bitcoin's blockchain being too heavy but we already got it figured out with segwit, lightning network etc to scale for the next years. Now my question is, how is Monero going to deal with its blockchain which as far as I remember is a couple times heavier than Bitcoin or grows at a faster rate? Also how fast is Monero nowadays compared to Bitcoin?
I guess for its niche that is not an important but its still good to know how thinks are going to be dealt with in the future.
Yes, blockchain will be bigger, but I dont see many people complaining about BTC blockchain size - it's the block size and subsuquent congestion that is the real issue, and we have that covered with adptive blocksizes, so we will never have to have the debate that is going on with BTC now. At the end of the day its just data storage, and the price paid for XMR privacy is a bigger chain. Sure, that will likely lead to more node centralisation in the future, but that seems an unavoidable part of this tech.It is clear to me how Bitcoin with a conservative block size that allows people to run nodes + the extras that will come with segwit, confidential transactions, tumblebit, mimblewimble etc, is way more private than XMR with a network that is basically centralized (nodes too big to be spread across the globe, only corporations running the nodes). |
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We are testing 900 again right now. Looks like Roger Ver and his anti bitcoin core/anti segwit whales are running out of steam to keep the price down. Too bad the market has already spoken and we want bitcoin core and none of that amateur crap like BUllshit. The price will keep going up and we will eventually get segwit. This rocket cannot be stopped. Just keep buying all the dips, it's free money.
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Agreed, I think we are way undervalued and when people see that think that they should be selling for $2000 not $900 then the price will continue rising. Today was faster than is usually healthy but we need to get up to $1000-$2500 and stay there for a prolonged period. If we do this then more and more good stuff will be developed for Bitcoin as the economy will be significant enough.
We are undervalued indeed. When its all said and done, bitcoin is an unique asset and no other asset can deliver a similar experience. Once we solve some problems and release segwit into the wild then we will have a package strong enough to defeat every other asset and currency on the planet. Governments fear segwit and thats why they are paying people to shill BU and be anti segwit, but we will win. Yes... very unique with its forks and hundreds of clones of which some vastly superior and in the progress of taking over the bitcoin economy. For anybody claiming bitcoin is in its early stages of adoption, you clearly know nothing about technological advancement. Maybe finish highschool first before shouting all this nonsense. Oh yeah, they are in the progress of taking over the bitcoin economy, that's why BTC dominance over all existing cryptos is always above 80% on average. In fact, it is right now at 87.5% as all alts go deep into the red because guess what, when king BTC starts going up, nobody gives a fuck about altcoins, too bad you are just a dumbass that keeps ignoring the facts. Keep dreaming with that altcoin that takes over Bitcoin's #1 spot if that makes you sleep better. |
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Nothing better than a good ol "rally!!!" thread in the morning with a cop of coffee as you watch bitcoinwisdom and a nice graph that says bitcoin continues its way into the moon. I think we are going to keep seeing a strong uptrend for a long time, what we are seeing now is just the usual resistance on every new increase of 100 dollars. So we are now battling against the 900's resistance, we will keep testing it until we crush it then it's 1000 and then it's new ATH.
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Holy moley, the OP from this thread was 5 years ago. There must of been some people who were part of this community back then who actually made some serious money from this.
The wealthy elite must of seriously started appearing after the first big bubble in 2013 winter and the people who cashed out then must of been set. Now there 2nd elite group is starting to form now with the recent rises
It is rising but many have a hard time believing it and say that it will fall hard soon like it always has in recent months. Can this upward trend keep it up until December? Too early to tell at this point. But if it does then alot of people who saw this coming are cashing out now and banking a lot of money in the process. I think its impossible to happen again just like what happen on 2013. As you can see on the movement of bitcoins price on last months up to this days they are just rising gradually this means it may low its price but not as hard compared to the past. There will never be a big crash ever again unless we experience a massive bull rally that makes us go from 1000 to 10000 which is what happened when we went from like 30 to 1200 dollars back in 2013. We are growing in a lateral way and the uptrend is still very strong and controlled. Ups and downs along the way are expected with bitcoin. |
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Credit care will just expose your personal details in a certain porn sites
You should never use a credit card to purchase porn subscription. If you are that desperate, use a prepaid debit card with no personal information. But using a CC is extremely risky, as these porn sites get hacked every now and then. People get scammed because of credit card use, and they also get their credit cards stolen and then people sell them on the dark web, it's very unfair but that's life. I think bitcoin is the ultimate way to pay for porn, every porn producer would benefit from accepting BTC, I can't believe they aren't all into it already. I guess it will take more time. I think with the invention of VR Porn it will be huge in the future. |
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No bann in the world could stop bitcoiners to use Bitcoin, this has gone too far. In fact the bann could make it even more attractuve to some people.
But I don't beleive it will be banned, except in some radical countries where already is. Today many governments and I would say some banks see that is in their best interest to start to accept it.
If the banned were also make people who use bitcoin turning out against law and could potentially be jailed then it'll threaten those bitcoin users who live in that region. i guess those will not going to risk their life for the sake of bitcoin and maybe it could decrease the number of bitcoin users. The government could be banned bitcoin anytime as they want but not near I guess But unless a bitcoin user will themselves revels how a government will come to know who are all using bitcoins unless otherwise they are not cashing out their bitcoins using their bank account or anything similar to that. I guess, people will risk like they will use bitcoins instead of selling bitcoins, similarly instead of buying bitcoins, they will earn it. Well the government could scan for traffic via ISPs and find out that you are using a bitcoin node? I know that they can do this with tor or with vpn, but im not sure about if they can do it with bitcoin nodes. In any case, it will not work, they would run out of resources trying to stop a decentralized network, all governments on earth would need to agree and act synchronized and i dont see that ever happening. |
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