Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. Also, when you can, try to help others in learning. Maybe you can see these links (I try to currently put in my signature): Hacks & puppets & forks - how to destroy bitcoinHow to Explain Bitcoin to a 7-Year-OldAmazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins :  Be mindful of the Bad Actors - Avoid these: DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coinbase, coindesk, blockchain.info, bitpay, bitcoin .com, etc) supports FUD & have/will try to infiltrate & eventually shutdown bitcoin. r/btc reddit thread and (the other) company-controlled bitcoin website (bitcoin.com) also spread FUD but then try to accuse others of spreading FUD, LOL? Why do they push hard on altcoins (bitcoin cash, ethereum, FUD?) Why do they push for forks? Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their seeders who in turn fund DCG operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Luckily their attempts have been marked by continuous and grand failures - altcoins... "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure The real Bitcoin, on the other-hand, has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value. Today, Bitcoin is probably almost 1% adopted by people all around the world. Even in the most adopted country, the USA, most people have no idea what Bitcoin really is. Japan, may have a slightly higher number in percentage terms. Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Nothing can stop Bitcoin as it reached escape velocity back in 2013. What do you think everyone's been doing for the past 4 years?? Bitcoin has been unstoppable growth since 2013. Wait until we are closer to 3% adoption in the world. Once we hit 4% adoption in the world, then Bitcoin = mainstream. Let that sink in. |
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I just can't help but feel that Bitcoin has something similar going on with the transactions and fees.
Someone somewhere is juicing this thing for everything she is worth.
I just refuse to believe that we go from 0 unconfirmed transactions to over 100,000 unconfirmed on 0 news.
What the guy above me said, plus bitcoin is completely different to Enron in that it is not a corporation and so cannot follow the same fate, if confidence in bitcoin falls then the price crashes but that will not lead to bitcoin going 'bust' as bitcoin has no assets and no liabilities. Just cause Bitcoin isn't a corporation doesn't meant you can't fuck with it and others using it. It wouldn't be the first time in cryptocurrency. Bitcoins transactions are being manipulated for someones profit it seems. I just refuse to believe that we go from 0 unconfirmed transactions to over 100,000 unconfirmed on 0 news.
what 0 news? where were you when bitcoin cash was being manipulated and hashrate was going out of bitcoin into bitcoin cash for about 2 days? that was the news! when hashrate goes out (drops), blocks are found with a bigger interval. that means less transactions are being mined daily because less blocks are being found. the leads to a larger number of unconfirmed transactions in the mempool. additionally there is always a spam attack whenever things are chaotic like this. Exactly what pooya87 said above. Segwit 2x just failed. There are vested interests of controlled centralized regimes to attack Bitcoin. CONTROL. Central banks around the world dictate government policy as well as all policies of banks in countries. Nearly ALL COUNTRIES have banned bitcoin related bank transactions for more than four years (since 2013). Is this a coincidence? Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin. Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review.
Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin. Bitcoin is about 1% adopted by world by now and in a few years it'll be easily 2% to 3% adopted. Central banks directed a worldwide war on bitcoin since 2013 and have utterly failed.
Speaking of failures, lets talk about these spam attacks.Smaller blocksize LIMITS spam Larger blocksize, lower fees ENABLES more spam Be mindful of the Bad Actors - Avoid these: DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coinbase, coindesk, blockchain.info, bitpay, bitcoin.com, etc) supports FUD & have/will try to infiltrate & eventually shutdown bitcoin. r/btc reddit thread and (the other) company-controlled bitcoin website (bitcoin.com) also spread FUD but then try to accuse others of spreading FUD, LOL? Why do they push hard on altcoins (bitcoin cash, ethereum, FUD?) Why do they push for forks? Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their seeders who in turn fund DCG operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Luckily their attempts have been marked by continuous and grand failures - altcoins... "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure ALTS = scams The real Bitcoin, on the other-hand, has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value. The central banks are LOSING CONTROL. Oh, by the way, examples of country, after country illustrates how little control they have: Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins : |
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this is more designed to remove the little guys from the equation, before they make strategic partnerships with the majors (bitmain). notice how long it took to hear about regulation concerning miners; the ico ban, and subsequent bitcoin ban were very immediate in comparison. there is also the issue of the little guys burning the fuck down because they are fond of cutting corners. this should eliminate the majority of that, and allow them to pre sell the surplus power they produce to the majors, who will convert it directly to profit  There are so many in the whole world that would love to have their probability of getting bitcoin with their mining go higher. There's plenty of worldwide competition keeping the network secure with high hash power that if China is out of equation, things will operate just fine with Bitcoin. "Bitcoin Surges Above $4400 As World Realizes Jamie Dimon & China Don't Matter" Bitcoin just topped $4400 for the first time since in over 3 weeks and has now erased all of the plunge losses from Jamie Dimon's "it's a fraud" and China's shuttering of all local exchanges. It didn't take long for the world of crypto-currencies to shrug off Jamie Dimon's self-tighteous denigration of the decentralized currency that could directly 'disrupt' his cash cow businesses; and furthermore, as The South China Morning Post reports, China's bitcoin market alive and well as traders defy crackdown.
Although the crackdown has dissuaded large swathes of less-experienced investors from participating in the trade, market participants point to the limits Chinese regulators ultimately face in controlling the industry, where many users are anonymous and difficult to track.
In the short-run, the crackdown has also created an arbitrage opportunity for investors, with the price of bitcoin in China now trading at a discount to overseas exchanges. http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matterChina mining ban = more for the rest of us, hooray... Any government ban on any Bitcoin activity in which their citizens actually comply, will be a detriment to her country's peoples as all others in the world will move up in wealth leaving her (banned) country's peoples behind. It is a reason to weep and feel sad for those people. Bitcoin has hit escape velocity 4 years ago in 2013, at this point, even if China, USA, Russia, India all get together and announce universal ban on Bitcoin, it still do near-nothing to stop adoption, strengthening and increase of Bitcoin. Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin. Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin. Bitcoin is about 1% adopted by world by now and in a few years it'll be easily 2% to 3% adopted. If one country were ever to drop off, there are so many other countries that will gladly pickup any of the slack. Amazing to see global trade (and mining growth would coincide with trade) growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins : |
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I'd be curious if Bitcoin Forum members can chime in on what the estimated awareness might be for their region or country: https://news.bitcoin.com/survey-japanese-bitcoin/a quote: "A recent survey of 10,000 men and women across Japan shows that 88% of them have heard of bitcoin. Among those that have bitcoin, 47% said that they have used it in retail stores but long-term investment is most respondents’ main reason for purchasing bitcoin." Today, Bitcoin is probably almost 1% adopted by people all around the world. Even in the most adopted country, the USA, most people have no idea what Bitcoin really is. Japan, may have a slightly higher number in percentage terms. Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Nothing can stop Bitcoin as it reached escape velocity back in 2013. What do you think everyone's been doing for the past 4 years?? Bitcoin has been unstoppable growth since 2013. Wait until we are closer to 3% adoption in the world. Once we hit 4% adoption in the world, then Bitcoin = mainstream. Let that sink in.Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins : |
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It’s will huge pump , and after dump . Like cash
Atleast this is more legit than centralized bcash. Words i'll point you to: I'm rooting for Bitcoin Gold! Also mining it.
[SNIP]
In the longterm, I see no reason why this altcoin wouldn't be worth more than 1.5x price of altcoin "Bitcoin Cash".
In fact, I wouldn't see why the combination of coins of ["Bitcoin Gold", Litecoin, Monero, Vertcoin, Groestlcoin] wouldn't be worth more than 5x of altcoin "Bitcoin Cash"
Today in market cap terms; we have
altcoin Bitcoin Cash $21B
altcoin Bitcoin Gold ~$2.5B
litecoin 3.3b
monero 1.9b
vertcoin 0.2b
groestlcoin 0.04b
I predict longterm 1BTG=1.5"Bitcoin cash"; currently 1BTG = 0.12
I predict longterm [the combination]=5"Bitcoin Cash", currently [combination] = 0.38
Thus I predict a hard fall in relative terms for BCH
For the time-being, I'm mining Bitcoin Gold.
And I am holding onto both my Bitcoin Gold, as well as my real Bitcoin.
Go Bitcoin Gold!
[for reference, today, real bitcoin sits at $110B]
Market will just move in this direction with time. |
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For the adults:
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth over $110 billion USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system.
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this is more designed to remove the little guys from the equation, before they make strategic partnerships with the majors (bitmain). notice how long it took to hear about regulation concerning miners; the ico ban, and subsequent bitcoin ban were very immediate in comparison. there is also the issue of the little guys burning the fuck down because they are fond of cutting corners. this should eliminate the majority of that, and allow them to pre sell the surplus power they produce to the majors, who will convert it directly to profit There are so many in the whole world that would love to have their probability of getting bitcoin with their mining go higher. There's plenty of worldwide competition keeping the network secure with high hash power that if China is out of equation, things will operate just fine with Bitcoin. "Bitcoin Surges Above $4400 As World Realizes Jamie Dimon & China Don't Matter" Bitcoin just topped $4400 for the first time since in over 3 weeks and has now erased all of the plunge losses from Jamie Dimon's "it's a fraud" and China's shuttering of all local exchanges. It didn't take long for the world of crypto-currencies to shrug off Jamie Dimon's self-tighteous denigration of the decentralized currency that could directly 'disrupt' his cash cow businesses; and furthermore, as The South China Morning Post reports, China's bitcoin market alive and well as traders defy crackdown.
Although the crackdown has dissuaded large swathes of less-experienced investors from participating in the trade, market participants point to the limits Chinese regulators ultimately face in controlling the industry, where many users are anonymous and difficult to track.
In the short-run, the crackdown has also created an arbitrage opportunity for investors, with the price of bitcoin in China now trading at a discount to overseas exchanges. http://www.zerohedge.com/news/2017-10-01/bitcoin-surges-above-4400-world-realizes-jamie-dimon-china-dont-matterChina mining ban = more for the rest of us, hooray... Any government ban on any Bitcoin activity in which their citizens actually comply, will be a detriment to her country's peoples as all others in the world will move up in wealth leaving her (banned) country's peoples behind. It is a reason to weep and feel sad for those people. Bitcoin has hit escape velocity 4 years ago in 2013, at this point, even if China, USA, Russia, India all get together and announce universal ban on Bitcoin, it still do near-nothing to stop adoption, strengthening and increase of Bitcoin. Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin. Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin. Bitcoin is about 1% adopted by world by now and in a few years it'll be easily 2% to 3% adopted. |
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It is very brilliant!
Please give credit to the original mentioned-author in original post. Thank you. |
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I just can't help but feel that Bitcoin has something similar going on with the transactions and fees.
Someone somewhere is juicing this thing for everything she is worth.
I just refuse to believe that we go from 0 unconfirmed transactions to over 100,000 unconfirmed on 0 news.
What the guy above me said, plus bitcoin is completely different to Enron in that it is not a corporation and so cannot follow the same fate, if confidence in bitcoin falls then the price crashes but that will not lead to bitcoin going 'bust' as bitcoin has no assets and no liabilities. Just cause Bitcoin isn't a corporation doesn't meant you can't fuck with it and others using it. It wouldn't be the first time in cryptocurrency. Bitcoins transactions are being manipulated for someones profit it seems. I just refuse to believe that we go from 0 unconfirmed transactions to over 100,000 unconfirmed on 0 news.
what 0 news? where were you when bitcoin cash was being manipulated and hashrate was going out of bitcoin into bitcoin cash for about 2 days? that was the news! when hashrate goes out (drops), blocks are found with a bigger interval. that means less transactions are being mined daily because less blocks are being found. the leads to a larger number of unconfirmed transactions in the mempool. additionally there is always a spam attack whenever things are chaotic like this. Exactly what pooya87 said above. Segwit 2x just failed. There are vested interests of controlled centralized regimes to attack Bitcoin. CONTROL. Central banks around the world dictate government policy as well as all policies of banks in countries. Nearly ALL COUNTRIES have banned bitcoin related bank transactions for more than four years (since 2013). Is this a coincidence? Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin. Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review.
Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin. Bitcoin is about 1% adopted by world by now and in a few years it'll be easily 2% to 3% adopted. Central banks directed a worldwide war on bitcoin since 2013 and have utterly failed.
Speaking of failures, lets talk about these spam attacks.Smaller blocksize LIMITS spam Larger blocksize, lower fees ENABLES more spam Be mindful of the Bad Actors - Avoid these: DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coinbase, coindesk, blockchain.info, bitpay, bitcoin.com, etc) supports FUD & have/will try to infiltrate & eventually shutdown bitcoin. r/btc reddit thread and (the other) company-controlled bitcoin website (bitcoin.com) also spread FUD but then try to accuse others of spreading FUD, LOL? Why do they push hard on altcoins (bitcoin cash, ethereum, FUD?) Why do they push for forks? Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their seeders who in turn fund DCG operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Luckily their attempts have been marked by continuous and grand failures - altcoins... "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure ALTS = scams The real Bitcoin, on the other-hand, has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value. The central banks are LOSING CONTROL. |
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OP, WHAT are you talking about? Nearly ALL COUNTRIES have banned bitcoin related bank transactions for more than four years ago (since 2013). Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin. Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Central banks directed a worldwide war on bitcoin since 2013 and have utterly failed. They cannot stop or even slow-down Bitcoin. Adoption is actually accelerating. Nearly 1% adopted by world population and increasing. Currently, Bitcoin's total market is valued at more than $110 Billion USD. Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins : |
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so with this clip the people are talking about creating another ledger that could rival bitcoin and replace fiat as a government controlled currency. The way that bitcoin, and altcoins, are supposed to be is that no one entity can control the ledger be they miners, organizations, or governments. There could be some coin that comes out that is controlled by an entity but it probably won't be supported by the community as a whole and go nowhere as a result. Though that remains to be seen. Continue to do research and look into things more. There are sites out there that could help, www.cryptofunds.online and helptap.com could be some sources of information as well as surfing though the boards here. Any official government cryptocurrency is going to be same as their fiat-currency: plentiful, worth even less overtime, can be manipulated, and untrustworthy. Bitcoin on the other-hand is (free from the central-bank debt-based system and the) ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth over $110 billion USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. |
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OP, WHAT are you talking about? Nearly ALL COUNTRIES have banned bitcoin related bank transactions for more than four years (since 2013). Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin. Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Central banks directed a worldwide war on bitcoin since 2013 and have utterly failed. They cannot stop or even slow-down Bitcoin. Adoption is actually accelerating. Nearly 1% adopted by world population and increasing. Currently, Bitcoin's total market is valued at more than $110 Billion USD. Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins : |
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Hi everyone,
I've join the bitcoin world for 1 year and earn a little income from this wonderful place.
But, unfortunately, when I talk about this to my parents, they all said this is the illegal money and I have to quit it before getting trouble with the government. Truly, even the main TV news program in my country said that, national banking system will banned bitcoin from any payment and there will be an punishment for that.
In my opinion, Bitcoin and crypto. still have its advantages and could be helpful if we use it for the good purpose.
What do you think, how can I explain to my parents? some article would be great. Thank you all!
Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin. Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Some links for reading/education are currently in my signature. |
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Today's BITOCOIN is being PUSHED more like a VON NEUMAN ATM machine than the "Bank of Satoshi"
This is sad, get it right, get it private.
Now we have ONE block-chain that is a public record, where everybody in the world, every time they pay a penny to shit in a public toilet in INDIA, its a public record forever??
This is INSANE.
Putting every micro-transaction on earth into a public block-chain is an ORWELLIAN NSA CIA Dream of Assholes.
***
Maybe the KOMODO model is good? Rather than one block-chain to rule them all, every time you leave the house you shit-out a new block chain for that day's transactions,
No need for a return, all block-chains would be disposable, once the money is spent, just like shit-coins now on the exchanges, PUMP&DUMP, become Save&Spend
Wow bitfools, You sound like you are saying Bitcoin has it all wrong. And the hundreds of cryptos that came out to address privacy has it all wrong. I think you must have the right answer for creating a new altcoin. Please tell me about your fix? Clearly you have a better answer than pushing another altcoin/scamcoin like Komodo? You are here in this forum for a grand purpose, and we all await on your help and education to save us. |
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BTC is still an ALT, its still in TESTNET after 8 years, ppl are still feeling it out,
It's a pyramid with BTC at the top, and +2,000 other crypto's trying to crawl up, will BTC get knocked off the top to be replaced by a shit-coin?
(snip)
I know its just about making money, but that is only a concern of people that don't have any money,
Once you have money, once you are rich, then U become concerned with KEEPING YOUR MONEY
The lack of privacy is an issue but the reason that is not at the top of the list is because we have bigger issues, if we want that bitcoin is used by billions of people around the world we need to find a way for bitcoin to deal with that, and not only that, it needs to be relatively cheap if that fails everything else is going to fail since bitcoin will not be adopted if that is the case, after that the issues with anonymity can be addressed. (snip) The cost of transaction say $5, to send $10, BITCOIN will NEVER be a casual transaction currency. Everywhere on EARTH the POOR use their mobile phones as money, they send phone-credit pay their bills, The correct way to look at your problem is to integrate the phone-credit system at low fee to the end user in third world BITCOIN is currency of the RICH, and the RICH don't want anybody to KNOW THEIR BALANCE. (snip) Perhaps what needs to be Done is more PRUNING, and focus on Satoshi's which are worth micro penny's then BITCOIN would be manageable by the poor, but SERIOUSLY why must every transaction ( purchasing condoms ) on earth be ran through one central block-chain? That sounds to me like an ORWELLIAN WetDream.[/size] what is the best way for a country to make its population more poor? Just two things, ban their ability to keep Bitcoins as savings and inflate the fiat currency. What poor people do you know are investing what little they have into a pieces of stocks? or pieces of gold? or pieces of coastal real estate? None. With a mobile phone, these poor people can invest what little they have into Bitcoin. Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.Bitcoin is about 1% adopted by world by now and in a few years it'll be easily 2% to 3% adopted. LOL, its apparent your figures for fees are outright misrepresentations. I've sent many small, large, and also very large transactions in the last 6 months (and this week) and there never was a transaction fee costing more than $1, and most of the fee was less than $0.30 cents. These are INTERNATIONAL and domestic transactions. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin's value is worth over $110 billion USD today. Altcoins however are scams, weak, pyramid schemes not offering these values. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. Also, when you can, try to help others in learning, you have this talent for education, right? Maybe you can see these links (I try to currently put in my signature): Hacks & puppets & forks - how to destroy bitcoinHow to Explain Bitcoin to a 7-Year-OldAmazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins : Be mindful of the Bad Actors - Avoid these: DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coinbase, coindesk, blockchain.info, bitpay, bitcoin .com, etc) supports FUD & have/will try to infiltrate & eventually shutdown bitcoin. r/btc reddit thread and (the other) company-controlled bitcoin website (bitcoin.com) also spread FUD but then try to accuse others of spreading FUD, LOL? Why do they push hard on altcoins (bitcoin cash, ethereum, FUD?) Why do they push for forks? Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their seeders who in turn fund DCG operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Luckily their attempts have been marked by continuous and grand failures - altcoins... "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure ALTS = scams The real Bitcoin, on the other-hand, has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value. |
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Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. Also, when you can, try to help others in learning. Maybe you can see these links (I try to currently put in my signature): Hacks & puppets & forks - how to destroy bitcoinHow to Explain Bitcoin to a 7-Year-OldAmazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins : Be mindful of the Bad Actors - Avoid these: DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coinbase, coindesk, blockchain.info, bitpay, bitcoin .com, etc) supports FUD & have/will try to infiltrate & eventually shutdown bitcoin. r/btc reddit thread and (the other) company-controlled bitcoin website (bitcoin.com) also spread FUD but then try to accuse others of spreading FUD, LOL? Why do they push hard on altcoins (bitcoin cash, ethereum, FUD?) Why do they push for forks? Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their seeders who in turn fund DCG operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Luckily their attempts have been marked by continuous and grand failures - altcoins... "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure The real Bitcoin, on the other-hand, has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value. |
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Network getting worst....there still about 90K unconfirmed transaction and transactions cost become so high.
If this keep happening, price will drop into shit soon....it could lead price to below 5K soon
There seem no way to solve this network problem, transaction per-second more higher than bitcoin network can handle.
I'm not crazy enough to spent fee 15 - 50 $/transaction. If i only sent 1 transaction per day, maybe just fine.
At moment, transactions very low, only about 6tx/second (average for 24 hours). If there bigger transactions, definitely there will be more unconfirmed transaction, doesn't matter how much fee you willing to pay.
LOL. Bitcoin is worth over 100B USD and has daily volume in the Billions, is globally held, and you, blackcoiner and also TangentC, say its a shitcoin? What other economic-advice or life-advice do you have? And why are you on this forum? =) Please, feel free to never invest in Bitcoin and have your wealth over time disappear. If you have any Bitcoin, please sell it all. Smaller blocksize LIMITS spam
Larger blocksize, lower fees ENABLES more spamThe failed bitcoin attackers; Roger Ver, Jeff Garzik, Barry Silbert, and the DCG backed entities (Coinbase, Kraken, Bitpay, Coindesk, Blockchain.info, bitcoin .com, etc) will continue to influence attacks on Bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Why do you think the spam started again and increased after announcement of segwit2x (bitcoin-killer) hardfork cancellation? What's hilarious is the strength of decentralized Bitcoin and its requirement of consensus has destroyed all opposition - every attempt of undermining bitcoin has failed for four plus years since the attacks ramped up in 2013 (4+ years). Bitcoin is King. The network of individuals, and companies that are actually pro-Bitcoin are far more powerful than even the DCG-group! People around the world are seeing this and getting a quick education. Kudos to Bitcoin, decentralization, and the truth. |
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I see this allegation bandied about as fact, and I'm just curious - has this ever been proven anywhere? Is there even evidence that suggests he partakes in such things, or is it just based on the fact that he and BCH benefit from such spamming?
Bitcoin Core pays people to lie and try and deflect the fact that btc is a shit coin and they are unable to handle their transactions volume. (snip) Bitcoin is worth over 100B USD and has daily volume in the Billions, is globally held, and you, TangentC, say its a shitcoin? What other economic-advice or life-advice do you have? And why are you on this forum? |
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I'm rooting for Bitcoin Gold! Also mining it. Despite even this said by Theymos (which I largely agree with him on): Anyone can create a Bitcoin-derived altcoin like "Bitcoin Gold" (BTG) at any time with no cost. BTG is a scammy cash-grab with no ideology and no economic support, not something serious like Bcash was. That's not to say that it's impossible to make money by trading it, just like with other scamcoins, but I'm not going to get into the habit of writing announcements and guidance for every Bitcoin-derived scamcoin. If you want to do a dangerous replay-unprotected coin-split maneuver in order to claim tiny fractions of your BTC in airdrop value, that's on you.
I will write a guide later for B2X (split time in mid-November), which is more serious. After that, the bar is going to be awfully high to get me to announce similar things.
Any "Bitcoin Gold"-like offshoot of Bitcoin that is GPU mineable, leverages Bitcoin's blockchain and user wallets, keeps scarce supply, open-source, and small blocks, I am all for. In the longterm, I see no reason why this altcoin wouldn't be worth more than 1.5x price of altcoin "Bitcoin Cash". In fact, I wouldn't see why the combination of coins of ["Bitcoin Gold", Litecoin, Monero, Vertcoin, Groestlcoin] wouldn't be worth more than 5x of altcoin "Bitcoin Cash" Today in market cap terms; we have altcoin Bitcoin Cash $21B altcoin Bitcoin Gold ~$2.5B litecoin 3.3b monero 1.9b vertcoin 0.2b groestlcoin 0.04b I predict longterm 1BTG=1.5"Bitcoin cash"; currently 1BTG = 0.12 I predict longterm [the combination]=5"Bitcoin Cash", currently [combination] = 0.38 Thus I predict a hard fall in relative terms for BCH For the time-being, I'm mining Bitcoin Gold. And I am holding onto both my Bitcoin Gold, as well as my real Bitcoin. Go Bitcoin Gold! [for reference, today, real bitcoin sits at $110B] |
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80% have heard of bitcoin? Let's be real.
Cut this number in 1/5 and it might be closer to reality.
Also we have 7% that have invested in it.
7% is ludicrous. 80% is conceivable. All they need to do to qualify for that is hear the word Bitcoin. And a third of people believing it'll collapse really isn't bad at all. I was expecting 90% or more. Bitcoin is probably almost 1% adopted by people all around the world. Even in the most adopted country, the USA, most people have no idea what Bitcoin really is. Wait until we are closer to 3% adoption. Once we hit 4% adoption in the world, then Bitcoin = mainstream. Let that sink in. |
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