I talked to Trace Mayer last year and when he was defending his $3000 prediction he was getting a lot of hate, thinking he was a mindless pumper. We did hit $3000 and broke if after the halving and after defeating the Bitcoin Unlimited nonsense.

We are now on a similar situation where the only thing we need to do is to beat the Segwit2x hardfork nonsense. If we get past this, $10000 is pretty possible as early as 2018 Q1, some people even call it before.

Remember that everyone that didn't buy bitcoin back then was because they were thinking linearly, not exponentially, so don't make the same mistake. Keep writing to everyone supporting segwit2x to stop supporting it, dump B2X come November and we will reach ATH soon,

I was reading old posts to try to find what people were saying back in the day about BTC reaching $5000 and found interesting post such as this:


Source: https://bitcointalk.org/index.php?topic=100487.0 (not necessarily post here, admins dont seem to like old threads being brought up again for some reason, but it's good to read this for historical reasons)

Also a lot of people were talking about the scaling drama already back then.

It's funny here we are hitting $6000 now. A lot of people posting there sold and are now depressed for life.

But isn't this the case with the block files too?

If I opened Bitcoin Core client today and synced it, and I tried to access Bitcoin Cash with the Bitcoin ABC client and I put the blocks folder there in the ABC folder, my blocks would have newer blocks that never happened in the Bitcoin Cash chain.

So I open ABC with these block files and it reaches past the day of the fork... what happens with the existing block files that don't correspond to the BCash chain? It just starts downloading and they get overwritten? Why is this different with the chainstate files?

(PS: I guess I could always order the files by date and just copy the blocks and chainstate files right before the fork happened)

If you want to reuse your blockchain data in a fork (for example, to access the Bitcoin Gold coins after the fork), do I need to put both blocks and chainstate folder, or chainstate will not be compatible even if both Bitcoin Core and Bitcoin Gold Core (or whatever is called) are basically the same? (let's say it's an 0.15 fork, which I still don't know) or should I only use the blocks folder because the chainstate folder can never be compatible with a fork?

I see stocks being backed up by blockchain tokens, it would be cool to see it as a sidechain in bitcoin, but government ego is too big and they would want to have their own blockchain that issues SEC approved stocks or something along the lines.

It's going to be interesting indeed to see how the traditional markets can compete against something that is worldwide, borderless, permissionless, and never takes a vacation.

I would like to be able to trade stocks via bitcoin and it would be possible thanks to lightning network, atomic cross transactions, drivechain/sidechains etc... it would definitely be possible but first stocks must go blockchain.

Bitcoin's marketcap is going to be worth a trillion+ during the next decade. The question that we should be asking is... how much of that money will be money coming outside the crypto market vs altcoins being sold for Bitcoin?

It's pretty obvious that the overall crypto marketcap will grow thanks to BTC, but im not sure what amount of altcoins will still be surviving long term. I think there will be a couple that are way higher than they are now, even if compared to BTC they will be of small marketcaps. I see Monero and Litecoin as one of the few legit projects thus far that I know of.

It's pretty obvious who the losers will be: The ones that buy the altcoins and end up bagholding them instead of selling them for bitcoin profits.

I haven't bothered yet reading what this "McAfeeCoin" brings to the table, but I predict is some random shitcoin to add to the endless sea of shitcoin.

Don't forget that McAfee is a known troll and I don't doubt he would be into promoting his own ICO for a quick buck. Even Jeff Garzik is launching his own coin after causing all the drama with segwit2x.

All these scammers want is to steal your hard earned BTC.

The only fork that will get to bitcoin's value is the fork that gets 100% support from the community, and this includes holders, merchants, exchanges, miners, and everyone. EVERY other fork is going to get dumped for more BTC. No fork can even stabilize at 50% of BTC's value, they will all sink. It's really a losing bet if you think you can time the market by selling your BTC for a fork and hope you can sell for profit... the common sense action is just to dump them on sight before it's too late. This applies for the up and coming SegWit2x fork and so on. Whenever there is real consensus for a real hardfork we all will know, and the correct thing to do will be to hold both, thus far there has never been such a consensus, so just keep dumping all the forks.

Yeah, like I said im aware that you can do these things with the console command, you can pretty much do anything with cvars, but how can we get more people to use Bitcoin Core if we don't make the GUI better? most people are too scared to use debug consoles. If we want to establish a culture where everyone runs a node, we need to make the GUI as user friendly as possible.

Also, what I think would make everyone run a node is if we somehow managed to not need to download the entire blockchain at first boot to run pruned mode. Sure having the full blockchain is better, but if we could get the people that use Electrum to download 1 GB to run bitcoin core, the node count would skyrocket. Too bad this seems somehow impossible at least for now. Maybe in the future some genius comes up with a way to do it.

I would say yes. Even if im not sure to what extent it would have an impact on running a bitcoin full node, it is definitely worth the money. Loading times are decreased by orders of magnitude. It's worth the time wasted each time you boot your computer waiting for your OS to start alone.

Also notice that there are a new time of SSD called m.2 that look like this:

http://www.dkoutletstore.com/wp-content/uploads/2016/06/Samsung-950-PRO-Series-512GB-PCIe-NVMe-M2-Internal-SSD-MZ-V5P512BW-0-5.jpg

This ones are even faster, 3x times faster than normal SSD. If your MOBO supports it then go for it.


I would say it improves video viewing because you will not ear any noises that could happen during watching a movie, like your OS or drivers auto updating something etc. Decrease in noise is worth it too.

Could you add Bitcoin Gold in cryptofolio.info? I know there's a process to this where people has to vote (or pay for it if it wants to be added faster) but aren't we all interested in listing our Bitcoin Gold there to control the price? I want to be able to follow the price because I don't have access to the coins until november since I didn't want to leave m coins in some exchange, so I will have to wait and monitor the price, which im afraid will keep dumping, but I didn't want to risk my coins at an exchange.

With all the hacking of accounts going on in the forum in the past few days, I've been learning about the signature and verification of messages through bitcoin addresses. It's pretty easy and straightforward, but I realized that in order to recover the account, you need to search through your endless amounts of receiving addresses to find an address that will fit the criteria for address recovery (an unedited post, a quoted post, or a closed thread that contains your address before the hack). If you only have one wallet in your entire history on bitcoin it should be there, but if you use different wallet files (now a growing trend due the forks) you need to search through the wallet addresses and it's annoying.

It could be so much easier if we could have a simple search bar to copy and paste the address there and automatically find it. Since one tends to create one address for each transaction, the receiving address window has an huge list. I know you can just export the file and search there and you could list all in the command console and use ctrl+f, but it would be cooler if we could do this in the GUI and save time.



Maybe make it possible to search Label column too in case you know you want to find your "Blog address" but don't know what address you used for that.

I would do exactly that. Empty your wallet, then use these emptied private keys to access your chains on the forkcoin chain after the split, even if the developers claim there's replay protection, it's better to not having matching addresses before you do any transactions. Better to be paranoid than sorry when it comes to bitcoin, can't loss a single satoshi because of doing something stupid so take all the extra security measures when possible.

If we survive segwit2x (and now I have no doubts that we will) it's going to be a good example of what happens when you go against users, and think backroom deals within corporations are going to work when it comes to changing the Core protocol.

Apparently Garzik is already working on his own altcoin:

http://fortune.com/2017/10/24/bitcoin-metronome/

And guess who is in the advisor board:

Them main problem is to explain to them how bitcoin requires no central bank and no central authority to be issued, and it's not backed by any government. If it lacks these "features", then for them the only way to explain it is by calling it a speculative bubble. It's like they cannot fathom the idea of creating value that doesn't require governmental approval. Very sad sheep mentality. These people can't be saved. There's a reason we the pioneers that will get rich and they aren't, don't waste your time trying to evangelize bitcoin around and mind your own business.

Im not worried about x2 at all anymore. The nail in the coffin has been this:

https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

"Following the fork, Coinbase will continue referring to the current bitcoin blockchain as Bitcoin (BTC) and the forked blockchain as Bitcoin2x (B2X)."

Coinbase is one of the biggest exchanges out there and they will not list 2x as BTC. Now people will not be confused when they want to dump B2X fore more BTC. Miners are going to be forced to mine BTC and not B2X because the price of B2X will tank badly just like the other forks.

It is obviously a bubble, but is a bubble that is sustained by a monopoly in violence. You are forced to accept fiat money and you are forced to work for it, therefore the flow of such money is never ending.

People all over the world accept dollars no matter how much they print, and this will be the case as long as it is accepted.

Bitcoin attempts to create an asset that is of limited supply and global, and optionally accepted, which is the opposite of fiat. Sooner or later, all fiat currencies fail due their government's failing, and bitcoin since it has no government or country attached to it, with reap the benefits and reign as ideal (or the most ideal thus far) money.

Contrary to popular belief, regulations are good. If you want to interact with the legacy banking system, you have to avid to existing laws and regulations, you can't expect the governments to treat bitcoin as wild wild west gateway where you can go in and out of fiat. Regulations legitimize bitcoin in the eyes of governments and it's better than a ban. Regulations are no longer seen as bearish in the market as we can see nobody cares about these news, so regulate it as much as they want, it doesn't matter for us hodlers (and if the regulation is a mess like BitLicense, there are always alternatives anyway).

To arbitrage you need to consider the transaction time of the coin you are attempting to withdraw and deposit, the fees of the transactions, and the fees of the exchange itself.

Arbitraging with smaller altcoins is easier than with bitcoin because the bitcoin transaction time is too high, so by the time your transaction is completed, the exchange price may have changed, along with the fees, this is why mostly why people don't bother (I think) and this is why there are big gaps in price between exchanges.

The best way is to download Bitcoin Core and put your bitcoins there, then simply wait for the hardfork to happen.

https://btcgpu.org/

According to this website, you have 21 hours to get your setup ready to access the BGold. You must be holding your private keys ideally, but you can also deposit them in an exchange that will list it, this increases risk tho, with the benefit of having instant access to the coins to dump them. Click on "ecosystem" on that website and you will see the supported exchanges.