The growth in bitcoin transaction volumes shows no sign of abating, and yet the 1MB block data limit is no closer to being raised than it was six months ago. Whether and how it is raised (via hard fork or changes to Bitcoin Core) will have lasting repercussions, and changing one of bitcoin's fundamental rules will have unintended, unpredicted and perhaps negative consequences.
One of bitcoin's earliest contributors has now written off bitcoin as a failed experiment.
So it helps to remember that the important question this year is not necessarily how bitcoin is scaled, but whether it is allowed to scale without a dogfight.
There are currently only four ways to scale bitcoin today: via lightning networks, via sidechains, via off-blockchain transactions batched by third parties (eg: Coinbase), or by increasing the block-size.
Lightning networks and sidechains aren't yet ready for prime time, and most technologists would agree that increasing the clout of third-party transaction processors goes against bitcoin's intended design. No offense to the segregated witness enthusiasts, but that doesn’t sound like a true scaling solution either – more like an optimization.
This means that by mid-2016, we'll either see a stop-gap resolution to increase the block-size, a hard fork, or a spike in bitcoin transaction fees for smaller transactions. All have their associated risks.
So here’s my question: will the Bitcoin Core block-size limit increase or remain at 1MB?
CC end-game will look like nothing we have today, I suggest you re-read the original NSA 1996 white-paper on BITCOIN to get a clear view of the desired outcome of this project. http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htmTake a hard look at the current BTC ( satoshi 2009 ) and the original, mostly whats missing is 'REAL-ID', Scalability will be solved by the +2,000 alt-coins one of them will win, IMHO I would watch closely what Microsoft & Google release for this problem, BTC will become a legacy bank for the rich, and not be used by poor ppl, even in CHINA today BTC is called the "Currency of the Gods" |
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GOV is too STUPID to build BTC Not as stupid as you might think, the Tax-Man is working overtime and is coming for his share of the BIT-COIN pie. Classic MARXISM get the capitalist to build his BITCOIN prison, then gov steps in to take control, IRS is too dumb to even run a BTC miner, but they're smart enough to get RAW INTEL from NSA, and send notices to people at home that they OWE 10X for non-payment of a BTC sale that occurred 2009->2018 on COINBASE, [ essentially an exchange on earth under ZOG control, BIS-IMF-GS is ZOG ] GS owns the BTX mining futures that went live today ... Remember what Mao said "USA will build and pay for the rope, to which he will hang himself", BTC is that the gallows for free men. |
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Cool rant. Always need more lovely entertainment for the forums. Now if you could go further into detail to kindly entertain more, that'd be great. Cheers mate, have a good one. Enjoy BTC's rise towards $17,000! woot woot
Oh, well never mind the point of this FORUM is neither hacking nor mining, the GOAL of this forum is to get newbies to buy BTC at inflated prices with their credit cards and convince them that owning $10 of BTC will make them millionaires.Everything is an orchestrated fraud in the world of Bitcoin. |
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Cool rant. Always need more lovely entertainment for the forums. Now if you could go further into detail to kindly entertain more, that'd be great. Cheers mate, have a good one. Enjoy BTC's rise towards $17,000! woot woot
Last week BTC was over $20k, what's your point? My point was we're always told that mining is better than hacking, I don't think that's true, its now virtually impossible to mine BTC unless you have a farm of Antminer S-9's (china), on the other hand any IDIOT can hack other Bitcoin idiots with ease. |
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Does quantum computing stand a chance a destroying Bitcoin? I honestly don't think so but i would like to hear other opinions and more importantly #Facts.
WIll U shit a unicorn tomorrow AM on the stool after AM coffee? QC is not even close, but NSA doesn't release an algo that they don't hold the back-door key, its been the same all along, DES, ESA, ... since the 1960's NEVER once has NSA released a gov encryption standard that they didn't hold the 'master key' Say what? I said that SHA-256 was created by the NSA, and BTC is a baby of ZOG/GS/BIS; Don't need to talk shit about sha-256 hacking with QC, when it can be done by NSA anytime they wish. |
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I think every bitfool should spend at least 3 months learning the trade of 'btc hacking', THEN&ONLY THEN will your BTC be secure.
Trouble is 99% of the entire BTC racket is based on non-reality bullshit
Once U know all the tricks of the hacker, then U can 'take care' of your BTC until then your just putting your trust into the hands of the criminal exchanges, and mining-pools.
These days' it can honestly be said that more money is made 'hacking' BTC than mining, just like the 1920's ppl robbed banks cuz that's where the money is, now hackers rob BTC, cuz that's where the easy money is, and for now, its not even a crime that can be enforced
The nature of BTC since day one has always been 'non-recourse' which to the criminal minded means "GET OUT OF JAIL FREE CARD FOR LIFE"
...
Long ago ppl asked "Why do U rob banks", the robbers said "Because that's where the money is"
Today, with BTC criminals can rob people, and never fear jail, or being chased by the police,
It's almost like the CRIMINAL CARTEL US-MURDER, INC (ZOG-GOV) created BITCOIN so that the world could be a paradise for criminals.
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I think everything that shaped digital I think potentially exposed hack including Bitcoin. a few days ago the news was spread that a user is Bitcoin lost 4 k Bitcoin because his account was hacked.
I think ever bitfool should spend at least 3 months learning the trade of 'btc hacking', THEN&ONLY THEN will your BTC be secure. Trouble is 99% of the entire BTC racket is based on non-reality bullshit Once U know all the tricks of the hacker, then U can make your BTC until then your just putting your trust into the hands of the criminal exchanges, and mining-pools. These days' it can honestly be said that more money is made 'hacking' BTC than mining, just like the 1920's ppl robbed banks cuz that's where the money is, now hackers rob BTC, cuz that's where the easy money is, and for now, its not even a crime that can be enforced The nature of BTC since day one has always been 'non-recourse' which to the criminal minded means "GET OUT OF JAIL FREE CARD FOR LIFE" |
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We've already voluntarily chipped ourselves. Cellphone addiction had nothing to do with bitcoin.
U transact your bitcoin on your mobile tracking device, but never fear the chip is your future, just too many powers want this, it will be standard for all infants worldwide super-soon
Controlling people who are good or bad, what's the point of BEING "BITCOIN RICH" if GOV gets to do decide, when, where, and HOW you spend your riches?? |
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destruction of the current financial system and seeing the goldman sachs types out on their ears would be nice
GOLDMAN SACHS created BTC, and they are in charge of the "FUTURES" CME-BRR SO pllllllllllllllllllllleeeeeeeeeeeeeeeeeeeeeeeze tell us how GS is being tossed out? When in fact the bastard BTC is their baby?? |
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2018 the DATE the ROTHSCHILD BANKERS PLAN to END AMERICA https://youtu.be/DQDkRI-GbI8?t=211BITCOIN goes mainstream in 2018, and the US DOLLAR BURNS, "The Economist Predicted this in 2016" PPL here think this will happen? Certainly appears so, Rothschild Bankers are GOLDMAN-SACHS, and GS is the ppl who own the CME-BRR, thus the entire "FUTURES" market of BTX is really, just ROTHSCHILD BANKING, Somebody here tell us that BTC wasn't NSA (ZOG) all along. |
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https://www.youtube.com/watch?v=LGcatieMvfkWhat is the GOAL of BTC? To chip ppl and control their lives, their money, their shopping. GOV is too STUPID to build BTC, so they incentivize BTC let programmers get rich, who make BTC bombproof
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If bitcoin coin / blockchain tech not recognized by any government in the future, even-though this BTC will survive on the internet. i got the assumption because this cryptocurrency also same as share market.
people come and take at lowest price and sell at the higher price. this is the basic and groud level of the crypto market. so i think this will be a share market forever if not recognized.
how about your opinion ?
BTCBTCBTC
PLEEEEEEEEEEEEEZE stop the BS, the GOV created BTC BIS the bank that runs the world in Switzerland, sells SNR ( train tickets ) for BTC, if BIS wasn't involved in BTC, then they wouldn't be selling commuters train passes sold in BTC from BIS-BTC vending machines in Switzerland. GOV created the myth of anarchy & liberatarianism, the reality is the MIL system of world DEATH created BTC so that people could be controlled like cattle. But keep telling yourselves that BTC didn't come from the prison guards who own the world. |
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Your bitcoin wallet can't be hacked, unless you give out your unentrypted wallet.dat file. If you encrypt your wallet.dat file with a passphrase ( at least one capital letter and a special character), you should be fine. Also, never give out your private keys. Private keys are for you only and no one else. Do not fall for email phishing scams that request your private keys.
Give me your wallet.dat, I will crack it for you in less than two hours, 'jack the ripper' has been doing this stuff 10+ years, and now the rainbow table is up to 50 GB, Most ppl use a 'human phrase' for their wallet, unless your using 512 dice rolls to build your phrase sha-key, then I can break your pass, in less than two hours. This is why so many viruses steal wallet.dat files, because its so easy to crack. Most of the people here are liars or fools to push this notion that anything on BTC is safe. Also NSA gov already has a database operational to connect REAL-ID with everybody on earth that holds BTC, which means that the IRS can knock on your door anyday they wish, if your a miner, or you ever bought BTC and didn't report it on your IRS tax return, also FATCA laws require yearly declaration of all currency, and almost everybody who has BTC is already a FELON. |
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What the f*ck?
Will shitty threads ever come to an end in BTC?
Seriously the links are all new, GOV officials just recently admitting that BTC is GOV PSYOP planned +20 years ago I suspect truth telling will end about the same time the BTC shill's give up.  |
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WHAT ELSE NEEDS to be figured out? 1.) CAN GOV control price? We'll find out Goldman-Sachs just started CME-BRR 2.) Does it work in real world? Nope not yet, still waiting for microsoft & google to issue their software toolkits for micro-spending. |
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What the f*ck?
Will shitty threads ever come to an end in BCT?
NSA keeps known real-id on every owner of btc worldwide, because someday the IRS is going to go fish'n |
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Nope, the basic intention of the Ponzi scheme is to scam others and when it comes to Bitcoin, it was invented in order to solve the real world problems. Even the unknown founder is not taking any benefit of the price rallies and I don't think that Bitcoin has anything to do with the Ponzi scheme. However, I can pinpoint 1000 scams that are taking place under the name of Bitcoin and the real reason for it is the unawareness of Bitcoin and cryptocurrencies.
Did you back read my proofs on BTC being a Ponzi scheme at the most fundamental level? Define "scam" relative to what I posted. It may very well lead to real world solutions to real world problems, but many people positioned themselves to become obscenely rich and completely unaccountable for their creation after the fact. You cannot possibly know the extent of who benefitted and who did not since a large % of coins cannot be accounted for. Ponzi schemes that rely on BTC is a distraction and not the topic of this thread. The PERFECT scam, because nobody can be held accountable, there can be no PONZI=SATOSHI, because in all likelihood he never existed What is known is that since 2010 BTC has been an orchestrated SCAM, a RICO investigation will be called for, once the pain of loss of millions of people all over the world demand a hearing and bring the BTC billionaires to court. |
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Nope, the basic intention of the Ponzi scheme is to scam others and when it comes to Bitcoin, it was invented in order to solve the real world problems. Even the unknown founder is not taking any benefit of the price rallies and I don't think that Bitcoin has anything to do with the Ponzi scheme. However, I can pinpoint 1000 scams that are taking place under the name of Bitcoin and the real reason for it is the unawareness of Bitcoin and cryptocurrencies.
The day will come that 'bitcoin' will have negative connotations, today to me it means software I 'git' from github.com, to other's it means a magic key they with their credit card, Ponzi was a man that sold stamps and promised 100% ROI per month, if you held the stamps (HODL) Much of BITCOIN today is religious just like Scientology, its all MLM marketing ( bounty ), the entire infrastructure of BTC is fraud, but tell them so, and its like telling a Scientologist that L Ron Hubbard was CIA. |
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The solution is to pay a higher transaction fee or wait a very long time for confirmation.
If you don't like those options, then don't use bitcoin.
This is how the free market works.
As the fees get more expensive, less people will use bitcoin. Eventually the fees are high enough that the number of transactions willing to pay that fee are the same as the amount of space available in a block. Then there is no longer a backlog and the fees stabilize at that price.
It is quite possible that this will eventually result in bitcoin only being used for VERY high value transactions. If you need to move $10,000,000 from one country to another in less than an hour, then you'll be happy to pay a $100 transaction fee. Meanwhile those that are moving less than $1000 will not be willing to pay a $100 transaction fee. Therefore, Bitcoin will be ONLY for the very wealthy to move very large amounts of money. Perhaps ONLY banks and multi-national corporations will be using Bitcoin in 10 or 15 years.
BINGO, this is what China is already saying "Bitcoin is currency for the Gods" It's not for little people, it will be the crypto SDR, and for little people u can pay for the public toilet with your favorite shit-coin. Think about why Goldman Sachs 'Futures' takes over BITCOIN in next 24 hours? Because its too important for ZOG to not take control. ... Futures? They're nothing but the reflection of an actual article. A magnified, distorted reflection. but nothing more than that. And trust Goldman-Sachs? Goldman-fucking- Sachs? Prime architect of the 08 Crash? This is just another kind of IQ test. If you can't learn what banks like G-S did with PMs and apply that to BTC,, you have a -70 IQ. |
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