Ah ok, simple then.
Off you pop then, get cracking, let me know how it goes.
So thats it then? No killer argument to put me in my place? No clusterbomb of a nuggett from the White Paper to show that the 21M cap is sacricant and can never be changed?  No... because I can ignore the obvious too, just like you. |
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If devs decided to make this change, miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.
You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.
I will give you my vote now.
NO
Its not a theory. Its there in the code.... Ah ok, simple then. Off you pop then, get cracking, let me know how it goes. |
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really? Then ltc, doge and other alts would have already surpassed btc long time ago.
Check the whitepaper and why bitcoin was invented in the first place. You will then understand why the limit of 21 mil btc wont be changed
You are saying it "wont" (subjective), I'm saying simply that it "can" (objective) Can you point me to a document where it explicitly states that the 21M cap is a fundamental part of what bitcoin is? Sure... but then you will not have Bitcoin... you will have something else, something that is not Bitcoin... it will be Bitcoin vers.B Bitcoin, as we know it = 21 million coins. That is kind of the whole point. |
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If devs decided to make this change, miners and nodes would then have the option to follow or not, essentially what you are suggesting would be a fork/ hard fork, saying it ain't so ^^ is semantics.
You can test your theory, create a hard fork of BTC now, increase the limit to 42 million and convince all of the nodes and miners to follow you.
I will give you my vote now.
NO
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- the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created,
whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).
Its nothing to do with the protocol - if it were then there may be some guarantees that this 21m cap will be concrete. No, its simply an arbitrary value ( actually - its an 'operand') in the code that can be changed at any time without having any effect on previous, existing or future transactions. So, in otherwords, where most 'protocol' changes would, at the very least, require a "hard fork", the change in the cap to 22M or 42M or infinite cap could be made in the next minor version release. I dont know where people who are supposed to understand these things get the idea of a hard limit to bitcoin. Its only a 'guide' or estimate. It can change once enough people want it. Its just one line of code!! The 21 million cap, is as concrete as peoples trust in Bitcoin..... or rather peoples trust in Bitcoin is as concrete at the 21 million cap. Nah, Peoples trust and use of bitcoin will be seperate to that cap. However, dreams of hlding a $32K or $4.4m Bitcoin are as concrete as an arbitrary line of code. Also, the rules are pretty explicit in saying that this can be changed - with consensus. The move from 1mb to 20mb blocksize is technically far more complex. Hmmm.. well if it were to be announced tomorrow that another 21 million were to be added in such a way, I would be out in a heartbeat, If it were to occur, I would not wipe my ass with Bitcoin... that is the honest truth from my point of view........and I am sure I am not alone. It is a bit like quantitative easing, bond buying, it debases the currency and is in my view, and in many peoples view an absolute no no. |
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- the difference between Doge and Bitcoin is that there isn't a cap to the total number of Dogecoins created,
whereas Bitcoin will only ever have a max of 21m coins (unless the protocol changes).
Its nothing to do with the protocol - if it were then there may be some guarantees that this 21m cap will be concrete. No, its simply an arbitrary value ( actually - its an 'operand') in the code that can be changed at any time without having any effect on previous, existing or future transactions. So, in otherwords, where most 'protocol' changes would, at the very least, require a "hard fork", the change in the cap to 22M or 42M or infinite cap could be made in the next minor version release. I dont know where people who are supposed to understand these things get the idea of a hard limit to bitcoin. Its only a 'guide' or estimate. It can change once enough people want it. Its just one line of code!! The 21 million cap, is as concrete as peoples trust in Bitcoin..... or rather peoples trust in Bitcoin is as concrete at the 21 million cap. |
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Some coke heads get very glossy skin.
It's the charlie sheen
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I was nearly late for my cocaine awareness course.
Talk about cutting it fine.
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Are you about to garrote someone? |
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Who's ready for the weekend?  I hear that a Bitcoiner has been arrested for using a prosthetic leg to smuggle cocaine into prison for Ross Ulbricht........ He has said that the hardest thing about smuggling the coke in, was fitting the leg into his rectum. (too soon?) |
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True dat. The market is rigged but still we have have to put faith in this rigged market and hope that the people who control the market will sometime makes the price go up so that we can live in peace. Yep, they will let it go up for real, but only after another incoming rape in this month. They wont rape anyone this month. The rape will happen in April. The prices will rise a bit till April and will plunge down. Then I predict an upward trend till February 2016. Youre wrong m8, they will rape market this month before april 7th. Riceeaters follow astrology. First wave of dumpage will happen on friday 13 due to Saturn direction change  https://www.tradingview.com/v/rAwF6Yz6/You are wrong, the moon will change its path in April and the earth moon and Saturn will come in a straight line after 2nd April. Things can get bad after 2April, before that you don't need to worry cause sun is protecting the value. Lets wait until friday, m8. Also, I assume the Chinese must dump all of their stocks , both Chinese and globally on Friday too? Or are the stars Bitcoin specific ? The Chinese must be crazy if the again start dumping the coins after they see bitcoin reaching 300$ mark. Why don't they allow the price to rise before dumping? This would certainly help their coins to get sold off at higher prices. Why are they always in a rush? apparently it is because the moon is in Uranus, or something like that |
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True dat. The market is rigged but still we have have to put faith in this rigged market and hope that the people who control the market will sometime makes the price go up so that we can live in peace. Yep, they will let it go up for real, but only after another incoming rape in this month. They wont rape anyone this month. The rape will happen in April. The prices will rise a bit till April and will plunge down. Then I predict an upward trend till February 2016. Youre wrong m8, they will rape market this month before april 7th. Riceeaters follow astrology. First wave of dumpage will happen on friday 13 due to Saturn direction change https://www.tradingview.com/v/rAwF6Yz6/You are wrong, the moon will change its path in April and the earth moon and Saturn will come in a straight line after 2nd April. Things can get bad after 2April, before that you don't need to worry cause sun is protecting the value. Lets wait until friday, m8. Also, I assume the Chinese must dump all of their stocks , both Chinese and globally on Friday too? Or are the stars Bitcoin specific ? |
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True dat. The market is rigged but still we have have to put faith in this rigged market and hope that the people who control the market will sometime makes the price go up so that we can live in peace. Yep, they will let it go up for real, but only after another incoming rape in this month. They wont rape anyone this month. The rape will happen in April. The prices will rise a bit till April and will plunge down. Then I predict an upward trend till February 2016. Youre wrong m8, they will rape market this month before april 7th. Riceeaters follow astrology. First wave of dumpage will happen on friday 13 due to Saturn direction change https://www.tradingview.com/v/rAwF6Yz6/You are wrong, the moon will change its path in April and the earth moon and Saturn will come in a straight line after 2nd April. Things can get bad after 2April, before that you don't need to worry cause sun is protecting the value. Lets wait until friday, m8. I can accept there maybe a dump, it may even happen friday... but fucking astrology. What next i ching? numerology ? the gizzards of a crispy duck? lets give ron hubbard a call and ask him what xenu has got to say. Are you meaning to tell me, that if the protocol was found to be broken tomorrow the chinese would not dump straight away? or how about if the NASDAQ and the Queen of England announced on the 12th that they were now going to conduct all of their business in Bitcoin, that the Chinese would dump on the 13th? fuck anything else that happens because stars? Fuck a duck. Quack.  |
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I heard there was a company that cooked its books in 1936. Stock Market is fucked.
I hear that for the first 6 out of 7 years of bitcoin's history there was only 1 exchange which for the first 4 years was the only exchange in existence for bitcoin and next couple years was by far the highest volume exchange which cooked it's books from pennies to $1200 in value per bitcoin then stole give or take 10% of the total "monetary supply" as soon as other exchanges were founded where they could sell these stolen funds. Bitcoin IS fucked. Thaaaaanks mtgox.  Is this guy for real or just someone I can put on ignore? well i'm not making that up if that's what you're asking ... you all do know that is the actual cause of the entire price history right ? ... i mean ... right ? ... that mtgox was a fraudulently run ponzi that used bitcoin as their chosen mechanism with customer funds insider trading and a fake-billion-dollars and cooked the price from the very very beginning and for years all the way to the all time high ? ... in the process (a happy likely unexpected result of their fraud) spurring the entire mining arms race , news , public awareness , big investments , and "merchant adoption" (quotes since in actuality 99% of merchants don't accept/hold btc whatsoever but accept fiat$ through payment processors) ... and then gox stole estimates from 650,000-850,000 btc when they actually had other exchanges to sell it on (admittedly less than 10% of all btc in existence but still a huge number) ... and has been cashing it in ever since on other exchanges for the last year+ driving the price from the completely artificial $1200something down now like $1000ish as everybody pays off the $700,000,000ish theft ... right ? ... which isn't even close to being fully absorbed ... right ? ... i thought this was like common fucking knowledge at this point ? ... i was just making a joke re the stock market being fucked compared to the bitcoin market pointing out the what i thought was obvious  ... of course the infrastructure banged out of chinese chip assembly lines and redundant exchange capacity as it exists today means we are now in a totally organic market ... plus wallstreet ... they're always on the up and up ... and besides ... rigged markets can be very profitable so who really cares right ? ... Can you give me a run down of deaths caused by wooden and metal steering wheels too please \s |
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I do not think anyone here has said it is a good thing.... I am not sure how much more explicit I could be than SATAN IS COMING.  However.... it is, and always was inevitable that they would come along. Thing is though.... they cannot rehypothecate what is open and transparent (well they can, but not in the same way as they are used to, & yeah it does not stop manipulation of course) So much like in every other scenario.... keep control of your keys, otherwise you have no control over your coins. There is no public ledger for PM's, so therefore raids are common place. The paper PM market is a shower of shit too. |
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Blythe Masters, assuming the is as bad as her reputation here (which I don't assume, really), is welcome. The free market that we see forming, should be able to, by itself, to restrain any bad behaviour.
In my mind, the mildly scary part of this story is that she talks to the politicians and the banksters at all. I prefer people who can operate in the market without political power.
hmmmm do not assume... research. |
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Fuck me.... it is a party https://www.cryptofacilities.com/derivatives/pressreleaseshttps://www.cryptocoinsnews.com/traditional-bankers-creating-bitcoin-derivatives/"Bitcoin Derivatives In partnership with another former big-time banker, Jean-Christophe Laruelle from Société Générale, Schlaefer has founded Crypto Facilities. What Crypto Facilities will be primarily concerned with is the hedging of Bitcoin investments via derivatives trading. Its first offering will be the trusty forward contract, a trading mechanism utilized in all derivatives markets. These are purely financially-minded people, keep in mind, and the liberating benefits of Bitcoin as well as its technological superiority are meaningless to them. In their press release, they make as much clear: The platform aims to appeal to sophisticated investors and is backed by a high-profile team of experienced professionals from top investment banks and regulatory advisors. “The bitcoin space still lacks professional, reliable marketplaces, and this is what we provide. We apply the same standards in terms of risk management, compliance and reporting as you would see in the traditional finance space,” said Timo Schlaefer, Co-Founder and CEO." PS - Massive laugh in the face of all the trolls with their pathetic bleating "Wall street is not interested, they will never be interested blah blah blah blah blah" wrong, plain old fashioned just wrong. I have looked into this site, and it seems legit. As it goes.... I think I know someone that may know Jean-Christophe.... I may have to have a dig. |
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Fuck me.... it is a party https://www.cryptofacilities.com/derivatives/pressreleaseshttps://www.cryptocoinsnews.com/traditional-bankers-creating-bitcoin-derivatives/"Bitcoin Derivatives In partnership with another former big-time banker, Jean-Christophe Laruelle from Société Générale, Schlaefer has founded Crypto Facilities. What Crypto Facilities will be primarily concerned with is the hedging of Bitcoin investments via derivatives trading. Its first offering will be the trusty forward contract, a trading mechanism utilized in all derivatives markets. These are purely financially-minded people, keep in mind, and the liberating benefits of Bitcoin as well as its technological superiority are meaningless to them. In their press release, they make as much clear: The platform aims to appeal to sophisticated investors and is backed by a high-profile team of experienced professionals from top investment banks and regulatory advisors. “The bitcoin space still lacks professional, reliable marketplaces, and this is what we provide. We apply the same standards in terms of risk management, compliance and reporting as you would see in the traditional finance space,” said Timo Schlaefer, Co-Founder and CEO." Yeah, cool m8, now banksters will be able to pump btc derivatives instead of btc itself. Yeah I am not a major fan, because they rehypothecate and over leverage, which is all fun and games until one of them over extends and then pull the whole god damn building down ontop of everyone.. However, derivatives, as the name implies are derived from something.... in this case the price of Bitcoin. Social osmosis in full effect though... People Companies Corportations Regulators Governments Banks More people What do you figure is the difference between this vehicle and the ones in the past.... here is a hint... transparency. I do not know if you have been paying attention, but people are sick of the BS. They are being given another option, they might not all realise it yet. Lets see where is all goes hey? Let the disintermediation continue.  |
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Yup... that is the hilarious part.... that bit is great.
The disturbing part is BLYTHE MASTERS!!!!!!!!!! Nooooooooooooooooo
I don't like the guy, but the greatest and foremost utopia that exists in crypto-world is that the current economic establishment's top boys will be left out of the way when there's massive adoption. Well; this won't happen! They know how the system works and -frankly- I think we need them around for they possess significant knowledge. On the other hand, bitcoin derivatives to my understanding is a high risk investment. To give it a perspective, it is like entrusting your Bitcoins to someone's hands who was involved in the MtGox story... Yeah; I know. Some people would do it again...  Blythe is a woman (but she was once married to Daniel Masters of Royal Dutch Shell/Salomon fame who was involved in developing energy gas/crude markets, who incidentally now is part of GABI) Blythe is a scary woman. Ask any silver trader (given her past track record, think derivatives and manipulation) (oh and also over leveraging and swaps) (ps oh and also, the idea I hope is to create a system that is better, and certainly more transparent than the system we already have, "they" may know how it works alright, but it is "their" games that is one of the main driving reasons we need a new system) Zerohedge seems to agree with you. http://www.zerohedge.com/news/2015-03-10/bitcoin-default-swaps-blythe-masters-joins-bitcoin-startupEveryone who knows anything about Blythe knows....... she is satans spawn |
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