I love this thread.
Its my favorite on this website.
But why is it even being bumped right now?
There must be a whole bunch of people who hopped on board in 2013 and 2014 that got in at 290-450 and are excited by this.
Those of us who saw $60 and then $1000 feeel suuuuuuuuuuper bored right now still lol
-B-
I am def waiting for the next spike in the price. I am tired of this 300-400 margin all summer  I think it could happen in the next few days, it's sort of showing all the right signs for a spike, but who knows. The next 24 hours are critical.  |
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 Just saying. |
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Lots of members have been leaving this forum, as you noticed.
Wouldn't be surprised if they deleted some of their posts, on their way out, too.
People are leaving because the price is dropping and they are getting discouraged. I doubt they would go out of their way to delete their posts though. They're not dropping because of price, they're just no longer able to squelch the noise anymore. New devs are skipping this forum altogether. |
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If a truly anonymous virtual cash is even possible, it will be the only thing to keep us slightly free from the surveillance industrial complex. With cameras and biometric analytics everywhere, nobody is free from predatorial opportunists.
I can't see why it wouldn't be possible, but maybe this is one thing where bitcoin may fail as it is not really anonymous so are we wasting our time if this along with other things like the blocksize will become problems in the future?. Bitcoin can be anonymous if you are an expert. It will take some work to make them so for laymen. That's what Amir Taaki is working on. |
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He is dead wrong on the blocksize issue. There are enough people "living in squats" around the world to break the back of Bitcoin in no time if even a very small fraction of them were to use Bitcoin with the current max blocksize limit. If one then adds Dark Wallet to the mix the max blocksize issue becomes far worse since Dark Wallet will significantly increase transaction size.
It's a compromise either way. It's a decision of whom to trust: large mining firms with high bandwidth or transaction clearance firms. The latter will probably offer more choices and room for development. |
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If a truly anonymous virtual cash is even possible, it will be the only thing to keep us slightly free from the surveillance industrial complex. With cameras and biometric analytics everywhere, nobody is free from predatorial opportunists.
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Another problem is, PoS coin consume much less energy, so the cheapest way to get the coin in fact is to start another PoS coin, it is much easier to clone the PoS coin, while you can't clone the bitcoin network hash power
Starting another PoS coin works just as great as starting another PoW coin trying to replace Bitcoin has worked (Litecoin and other failures, maybe only Doge has a small chance to make Bitcoin share some of its success). Just take a look at all the NXT wannabes (pure NXT clones and those with modifications and even original PoS code cryptos), none has been able to reach the activity and market cap of NXT and that even with all the criticism on NXT's poor initial distribution - people tend to buy NXT regardless (granted all cryptos are in a bear market), because you can't easily clone core developers, infrastructure, network of nodes, vested interest, the spirit of innovation. Distribution can also be accomplished by marketing. All you need to do is clone a successful PoS coin and market it well. That's why Doge was marginally successful. Doge also benefitted from the discarded mining gear. With PoS you only need marketing. I'll just wait for a major brand backed PoS. |
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Call to arms.
" The first thing we do, let's kill all the lawyers" - Shakespeare |
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FUD thread. All points previously debunked, especially about distribution. Just because you're late to class doesn't mean you don't have to do your homework.
Actually, I'm still a holder from march 2013 (though I have sold some along the way). Read my post history, I've mostly been a permabull on Bitcoin. I agree that some governments will create their own local premined or PoS cryptofiat, they will still use Bitcoin as the reserve currency. It's already demonstrated that using a nation's local currency as the reserve currency doesn't work and I doubt any nation wants to do what America had to do to protect its central banks. But that all won't happen until another coin is battle tested like Bitcoin. So someone is going to have to sink a whole lot of money into testing one because most people don't care about experimental cryptocurrency. |
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thats not decentralized. sure tesla may be incentivized to keep a blockchain ledger going in that instance but i am not nor is some random dude in africa. and if the incentives aren't entirely democratic, corruption etc will be pervasive.
Well, Tesla Motors is very new, and I don't know much about it. But two other well known car brands: BMW & Mercedes already have the incentive for decentralized ownership tracking and counterfeit detection. In fact they are desperately researching all available technologies, because the theft, counterfeiting and reassembling of partially totaled cars are so prevalent. E.g. I know that they (and the car insurers) paid for a pilot program of DNA-marking the genuine products with killed harmless genetically engineered bacteria mixed into paints. They (BMW & Mercedes) operate in so many jurisdictions that none of the centralized solutions have been working out for them. In particular counterfeiting and reassembly of wrecks is of interest to buyers and resellers because of how they affect collision safety of those expensive cars. For sellers being able to include uninterrupted record of periodic maintenance greatly increases the price. Outside of the automotive business I know that Cisco is one of the globally recognized names that is also desperately researching ownership tracking and counterfeit detection technologies. It seems to me that the Tesla itself is the coin in this blockchain. It's just not a currency because it's not divisible. I don't see the point of developing and maintaining a network when you could just use bitcoin. |
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Okay, imagine some piddling little alt, worth satoshis, market cap of a few thousand bucks, a couple of gigahash of diehards hashing on it.... now tell me why it would not be a good idea to use that blockchain to store cryptographic proof of ownership records for, say, Tesla cars...
It would work fine if the mining was licensed (with public key crypto) by the Tesla manufacturer. Such distributed database could then outlive the Tesla manufacturer itself and be invulnerable to legal attacks in various localities. Issuing licenses for mining has been discussed on this forum many, many times. For Bitcoin it is unacceptable because of its anarchist origins. But for any non-anarchist endeavor it is a viable choice. Each Tesla car could do a little mining while being charged, with the certificate of ownership stored somewhere in its management computer. I'm not very familiar with Tesla cars, but I presume that they already have some sort of public key infrastructure installed in them to verify signatures on their software upgrades. Characterizing Bitcoin developers as anarchists is a red herring. They don't make those sorts of irrational arguments. Besides, you are talking about Smart Contracts and that concept was pioneered years ago by fellowtraveler. |
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SCs should trade value for convenience or utility. If an SC asset or the market cap of an SC asset decouples with the pegged bitcoins value, then it becomes more speculative than useful.
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FUD thread. All points previously debunked, especially about distribution. Just because you're late to class doesn't mean you don't have to do your homework.
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it's amazing, literally amazing how all these bear trolls got in under $10 and sold off at over $1000 they all have perfect timing. Not a single one missed the boat, or is bitter about it, they all "got lucky" then turned bearish. Apart from the mathematically challenged mathematician of course, he never got on board because he knew all along that he'd double his ripple daily until he had $100 billion  Those who were greedy waiting for their delusional 100k/coin prices got screwed or missed out on some awesome profit. The signs were there that the market could turn at any time, so those who took profit on the way up made out, and those that didn't, didn't. I remember there being a guy on here who bragged about his strategy of buying at the all-time high and it being fine because it's made him money up to this point. The idea being that every time it hits the ATH it breaks it. Clearly this couldn't go on forever, but in this person's mind it could. When people start acting like that, it's time for smart holders to be very nervous. That's exactly what people said about $33 and $266 and will say again at $xxxx |
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I rarely ignore legends but.....you seem a little unpleasant to talk to. Reminding me of our old pal shroomsy.
I mean seriously, folks complaining about a criminal drug dealer getting arrested. Maybe you never had a relative die from addiction. I have the high moral ground on this point. For one, they're not complaining as much as marveling at his stupidity. For another, your relative made the choice to do whatever drug they did, and if drugs were decriminalized or even legalized, your relative may have found it easier to get help for their problem. Now you're politicking. Yeah that relative was a dumbass. If you want drugs see a doctor or change your laws. Complaining on a forum won't do anything for you. |
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We're rooted into a rule of thirds cycle. Since it's holding strong over 330, we'll see testing at 360 soon. The 15 point spreads are strong.
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I rarely ignore legends but.....you seem a little unpleasant to talk to. Reminding me of our old pal shroomsy.
I mean seriously, folks complaining about a criminal drug dealer getting arrested. Maybe you never had a relative die from addiction. I have the high moral ground on this point. Which is? I'm not hear to hold your hand. I made declarative statements as responses that were quoted out of context. I don't need to repeat myself. |
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I rarely ignore legends but.....you seem a little unpleasant to talk to. Reminding me of our old pal shroomsy.
I mean seriously, folks complaining about a criminal drug dealer getting arrested. Maybe you never had a relative die from addiction. I have the high moral ground on this point. |
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