I would say that there is a chance. Look at altcoins such as Ethereum and Dash. The number of users are increasing, and also several online shops accepting these coins are getting established.
I don't know how did that increase the chance of altcoins beating bitcoins. I haven't seen an online shop or a gambling site that's accepting Ether and Dash but not bitcoins. All gambling sites that accept altcoins also accepts bitcoin but not all gambling sites that accept bitcoins also accept altcoins. As the number of Ether and Dash users increases, the number of bitcoin also increases. Since both Ether and Dash aren't the best cryptocurrency, people that have learned about altcoins first will study about bitcoins in no time. That's the big thing with the people who come out and say that Eth and Dash are going to be the coins that takeover the world, I think that it's rather simple and no altcoin will have the potential to ever even come close to being bitcoin at all. They may flaunt all this new tech and such but does it really matter if no one is going to be using the coin anyway? You have to have people using this for actual transcations for it to really matter in the end. I think people from altcoin circles only say that the coins will takeover as a way to pump them, and sometimes with the right amount of groundwork they should be able to do well in getting more people to sign on. Then they just leave the coin when they've made the right amount of money and the only losers are the suckers who believe the lies. |
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You really can't even do anything at the moment with these people based on the fact that at this moment, these people are using the easy and more adopted currency. Ours may be able to do all these cool things but isn't accepted everywhere which is a huge let down for people that really believe in Bitcoin to the end as they see that not many business' know about it nor accept it.
I'd have to say its sad to not see a tech accepted everywhere but we have our own scaling issues in which we must fix in order to further ourselves when it comes to using bitcoin as a whole as I don't think any consumer would want to be using bitcoin with such high fees associated with every transaction.
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As with the poll, I'd have to go with your own personal skills and trading bitcoin / other altcoins that are out their. I personally get most of my bitcoin earnings through using my own skills and selling them on here, but for some people that just isn't possible. Plus, if you do have a good amount of capital to get started on alt trading and you'd be ready to learn a good amount about altcoins you should be set on making money through trading.
You really just have to pick something you like doing, for some its designing, creating, and then for others it'd be trading coins like this. Good luck.
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Those guys can't even write proper english, and they think they have enough understanding of coding and so on to defy the opinion of 100% of experts in the field. Looks like common sense doesn't add up. He is just testing his twitter-influence over price again. Miners are really good for nothing goons.
What would you expect from people that are being bought and paid for by their king and savior Daddy Ver? I wouldn't think he'd be finding people that are actually qualified, those types of people can't be fully bought and paid for. God, I guess if I'm just being paid tons and tons of money from Ver I'd be making such retarded claims and even take a hit on reputation for a while until they can all get enough support to push their BU G Coin bullshit down our throats. Fuck a Ver, Fuck a BU, LONG LIVE SEGWIT, JOIN ON THE TRAIN MINERS! Gosh if miners cared more about Bitcoin surviving they'd know Segwit it the place to go. |
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This is one of the things that really hold Bitcoin from being held by the big major money investment groups, as they all want some sort of risk to make some absurd amount of returns but they don't want that much risk. And they're pretty much unable to say if Bitcoin is going to go up or down like the rest of the stock market with the amount of paperwork they put out regarding their company.
I hold some amount of Bitcoin but the only reason I do this is because I actually earned all of this money in Bitcoin so it's not something that is crazy dear to me like my savings account or any other investment account would be for me.
It's pretty simple and I doubt people on the forum would accept that it's tough to hold without questioning and I don't know how many people say it and do it with the insane amount of risk associated. As we know, Bitcoin could lose all its value in a day and it's happend before.
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I'll have to be giving you a +1 on this with with unconditional support from me. I think the biggest issue isn't that he used AsicBoost in order to gain an unfair advantage against other miners as this is something that any business owner would do in order to further the amount of revenue and then profit at the end of the day. I think the completely horrid part about all of this is that he isn't showing his support for Segwit on the simple stance that he cares more about his bottom lines and his profits then he'd be caring about Bitcoin as a whole. As we know in order to survive and thrive, we're going to need Segwit to help us. Jihan, support Segwit or you're head is going to be delivered on a silver platter!  |
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I think it's going to be from the people in China that are attempting to fight against their governments efforts of censoring them from being able to see the world for what it really is. At the moment, a pretty high amount of miners are from China based on the cheap cost of electric and cheap ASICS being used and produced over their. They have a pretty high chance of being able to stand to make a ton of money if they are the people that create something revolutionary for Bitcoin to get it out to the masses.
Real Invention coming from Western Nations I just don't see happening based on the pure fact that Western Gov's seem to have a pretty high lobbying from Banks and such and aren't going to allow this type of currency to take over inside their country.
China is in a different story as rioting against the gov happens their everyday but no one knows about it because the gov their owns the news company and isn't going to showcase this.
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I think its that he's using it as a way to get more publicity and with that more support for BU in general in order to make a ton of money when it it is approved (if something like this occurs) He'll stand to be able to do a lot with the Bitcoin code if he's able to keep the miners on his side.
Maybe he even wants to do this to cause uncertain in the Bitcoin price and see it take a tumble because at the moment if it even gets accepted or if it doesn't he could just be using this as a way to buy a small fortune in Bitcoin and he'll just sell when certainty is brought back into the market.
Pretty conspiracy thinking here, but I highly doubt he cares for scaling and helping to see fees go down. I just don't see something like that being the reason for all of this.
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tl;dr for someone just learning of the controversy. Please correct if I make any factual errors.
Greg Maxwell discovered by reverse engineering that a Bitcoin ASIC manufacturer had implemented in hardware a covert, hard to detect version of the AsicBoost algorithm developed and patented by Timo Hanke. Proprietary software is needed to take advantage of the hardware boost and can result in an energy cost savings of up to 30% which is a huge advantage over competitors. Kyle Torpey claims that the ASIC manufacturer is Bitmain.
The covert version of AsicBoost is hard to detect but would explain the odd behaviour of mining empty blocks by Antpool. The improvement in energy use is countered by SegWit, which could explain why Bitmain has been so opposed to adoption of SegWit: it would neutralize the competitive advantage they have from their covert use of a patented technology.
The whole BU drama appears to be nothing but smoke to allow the manufacturer (Bitmain?) to enjoy an unfair advantage over the competition for as long as possible. Greg Maxwell is working on a BIP that would render the advantage useless.
Yep this is going to pretty much all be right, I don't see it mentioned so I'll say it I think the AsicBoost was something that was documented in general but it hadn't been something that had been known to actually be in use. Thanks Maxwell and bringing to light the real reason for them Jihan Wu being so opposed to the implementation of Segwit as it's just going to destroy him and probably remove some 30 percent profits, hehe. Pretty disgusting to see all of this opposition being down to money being made but I had been thinking this and it's a known point that money is usually the point behind most arguements. In this case, that wonderful point stands true. Fuck a Roger Ver (he totally knew) and Fuck a Jihan Wu SEGWIT MAKE BITCOIN GREAT AGAIN |
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This is just a publicity stunt for people that own a ton of LTC and want to see the price pumped a little bit, this isn't going to mean anything for anyone based on the fact that no one is using LTC to the scale of Bitcoin being used. I don't think I can name anyone nor any company that is going to accept LTC for a transaction so it's really just a waste for them to be doing something like this.
No one is going to just move to LTC based on the fact that they're doing a scaling solution on a coin that isn't even having a scaling issue.
Big Publicity stunt for a select few to stand to make a ton of money, ignore it and move on to trying to make Bitcoin better with getting the miners to agree on something here. Gosh, avoiding the problem isn't going to do anything.
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I'd have to say there is going to have to be a ton of reasons for Bitcoin not being able to be accepted / used by a ton of people on the universal scale. One of the biggest problems I see with Bitcoin is going to have to be that Bitcoin is something with extreme volatility when it comes to the value of it, so it's unable to be used by people and trusted to the point in knowing their money is worth the same amount as it was before.
I think this part alone is pretty shitty as it makes Bitcoin a problem when it comes to running a business that is going to take USD and Bitcoin on the side or something along those lines. Going further, Bitcoin has a huge scaling solution that it is pretty heavily divided on when it comes to the miners. This causes the fee for using Bitcoin to be very high and would cause using Bitcoin to be pretty expensive.
So yeah, those are my few reasons.
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I more or less thought the bug in the code was going to be and lead to the end of BTU as we know it and I thought we'd be saying a lot of these big chinese mining companies (others too) start to back out. But I guess they're going to be sticking with BTU intil the end, they're probably going to stay with Ver and BTU through thick and thin, this being the thick.
If Ver is able to get more miners on board with BTU and kink out the bugs that BTU has in its code and make sure nothing like this comes to light again through peer reviewing of the code (fixing) and so on, I think they may be able to hard-fork without issue. As they seem to have already garnered a pretty good / close amount to 51 percent which is needed.
I just really hope Bitcoin as a whole can survive through this, please VER?
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Cause in the end they want to end up being Bitcoin as a whole, they don't want ALTernate coin status based on the simple fact that they want to be the premier cryptocurrency which is bitcoin. It doesn't matter on what name the scaling solution has now (Segwit or BTU) they want to end up being Bitcoin in the end and to just stay as Bitcoin.
If they were an alternate currency, they wouldn't be taken as seriously nor would anyone see a real reason to use them unless everyone is going to attempt to move over from one chain to another without any sort of fork.
Alternate coins are always going to take a backseat to bitcoin, so that's just not possible to have a scaling solution be an alternate if they want to improve / save the actual bitcoin we have and use today.
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I feel that even in the news of us splitting into two coins with BTU coming closer and closer to achieving the majority they need, the buyers and sellers are already starting to react on what's going to happen to bitcoin in their eyes. So, they feel that if this does happen the price is going to take a shit so the people are trying to get out now in order to make some money and not lose anymore or just wait until all of this is over.
I personally highly doubt Ver would be initiating a hard-fork at 51 percent due to the sheer fact that it wouldn't be enough in order to hold if some of the miners on his side give out so once he gets around the number 65-70 percent that when I'd really start getting scared and think about the REAL possibility of a hard-fork.
Going to hope that the scaling solution will be picked soon so that Bitcoin can get past this rough time, it's getting wildly annoying having this all occur and not letting Bitcoin further itself.
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I personally use both BitGo and BlockChain.info for my wallet purposes. Does anyone here have any news on being able to do all of this stuff while using BitGo as I do still have all the key information (that they give you, at least) in a folder somewhere and would like to make sure I'm protected during this time.
Wouldn't want to lose out on the hard earned money right around the time that I'm actually doing pretty well with Bitcoin and everything surrounding it. Or would it be best to just cash-out now or soon and just wait on a hard-fork to occur and see a good time to buy back in?
Kinda newb on info relating to the fork so I just want to make sure I'm as safe as can be (on a volatile coin like Bitcoin that is)
Thanks.
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You don't seem to list what online wallet you're going to use but you do say the wallet is going to be for you so I'd be guessing you just want to know when you receive which is something that BitGo does allow you to have setup. Whenever I get any funds to my BitGo account, I get an email notification that comes up on my phone informing me on the amount of money that I go to my wallet.
I don't really think it's needed to know when Bitcoins are sent if it's something that is being done through your own wallet as you're going to be the one using it and knowing when you send it should be wildly simply on WHEN YOU SEND IT (unless you're hacked of course) So, if you're going to setup fresh I'd go with BitGo for this, they have a really nice service and it's wonderfully secure.
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Do you mind telling us what the hell you're talking about?  I think he's saying that he was once a person that used MtGox and lost money, which led him to attempt to get some of his money back (after the hack) which was being done through Kraken. The thing here is that he would like the money to be in Bitcoin and he doesn't seem to have a Kraken account in order to allow him to get the Bitcoin from them? I'm going to guess thats what you're trying to say here? I don't think it'd be that hard to setup a Kraken account and it would be worth it to get your bitcoin. Though you should probably claim those bitcoins as a loss until you get them back as you'd be able to save some money on your tax returns. |
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The best offer is buy home and renting or no invest.
Love people like this who are going to think that it's possible to buy a home for 10 thousand to be able to make money off of it, any home like that is going to be disgusting and a waste of that money. Though moving onto what I actually think would be a good investment, I know many people will think this is a horrible idea but I would advise on selling that Bitcoin to USD or your currency of choice and putting it into some sort of index fund following the stock market which could easily achive something along the lines of 4-7 percent a year averaged out in growth if left their for long enough. Something from Vanguard would probably help if you'd like something with low to no fees, which is good enough for investing in index funds which usually beat out 80 percent of the high fee mutual fund marketplace. Good luck (Ps Don't invest in anything with Bitcoin, too volatile of a currency to actually make gains and have the price not hurt you or help you which you don't want to have to put into account. |
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I'd say the biggest issue with these sites is that some of them are not going to allow you to pick the site in which you trade on to have a picture of what the price is actually looking like on your site. This is going to play a big part in your trading if you're a whale and it will really make a big difference on dollar amounts (1-10) when you're trading. In my opinon, I'd be going with Bitcoin Wisdom or Cryptowat.ch Cryptowatch is one of those sites that's nice based on the pure fact that it allows you to trade on it too, so it kinda gives you two for the price of one. Don't know how much you have to pay nor if you have to pay for this service though. He's a bigger list though, this one is nice. http://www.hongkiat.com/blog/websites-track-bitcoin-value/ |
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This is a very scary time to be making bold trading moves like this as I think we're going to be seeing extreme volatility due to hard fork speculations and the panic that is going to be caused by the buyers and sellers not fully knowing what is going to happen too. This is a time that as I trader (if you're small this is) you should just sit back and wait to see what's going to happen, you shouldn't be trading off of speculation like this anyway unless you're a whale who can afford some losses to make a ton back. I dont think so, the price will stabilise around the current price and will eventually rise. I would be weary of people calling for the shorting of bitcoin and i would guess is that they want to buy cheap bitcoin.
This is also something that I think will happen as I don't think the hard fork will ever happen but you never know, thing change and Ver could pull some crazy shit with his Mining Army that is nearing the mark. |
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