Yes, but the stake has increased, there is alot more money involved in mining than there were in the beginning stages of bitcoins... Your local pizza delivery companies are unlikely to collude for any reason, but Pizza Hut and Dominoes may (or at least buy out each other) ...
You didn't think about this again. Your statement is true of anything! Even if BTC was, oh let's say, limited to cpu mining only it would be possibly for some SUPER HUGE LVL 90 JESUSES to group together and lulz control LTC...er...I mean...BTC. Please, for the love of jebus. Stop and think before posting. |
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The dude is on a Bitcoin bashing frenzy lol Basically, taint is the problem where part of your coins are mixed with stolen, laundered, or illegitimate coins. It will eventually be a huge problem for bitcoin, as exchanges and merchants will refuse to take coins above a certain taint %. We may also find trading freezes up, people are stuck with coins they cant use, and bitcoins lose a lot of their worth.
All that on a thread about the blockchain.info taint feature, which has nothing to do with what he described. Oh, well... Yea, and he isn't trying to "promote" LTC either! Shall we start a pool on how long before he states that his account was hacked FOR REALZ and this whole thread was the hacker? |
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Im not so sure, isnt it possible that the top 3/4 pools will collude like you sometimes see cartels doing in other markets?
Were they colluding before? NOPE. Please think about your own questions for 15 seconds before hitting the post button. You'll find that logic will answer many of your own questions. |
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Nor can you correct rudeness and general crudity... In any case, I was wondering whether you think the ASICS will cause a problem for bitcoin and mining in general? I am myself very worried about mining being monopolized by a small but powerful group.
As bitcoin isn't about "printing free money!" I am not worried outside of the 51% attack scenario. But, competition being what it is, I don't see the 51% situation likely. |
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Ok, that matter will be investigated. This is a serious thread, please behave and get back on topic.
Serious thread became unserious when you were outted as an litescammer. But seriously, I'm curious as to how you don't see that the only "success" LTC could hope for is to sink both BTC and LTC. |
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Dont know how that got there, someone might be messing around with my account...
Ah, come on bro. You got outted as a LTC scammer. Just be a man and fess up. This thread has probably just become the most fun on the forum tbh. |
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Ok, my opinion has changed from misguied OP to OP just wanting people to dump coins so he can buy them cheap. Question is...does OP really think this sort of silly hasn't been tried before?
If he really thought it would crash he'd just sell any of his BTC and walk away.
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I dont support litecoin either...
So...just a hypocrite then? |
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Why are you wasting your time with a litecoin.com signature in your post?
There has seem to be a big push all of a sudden for litecoin on the forum. It's either people hoping to pump and dump to exchange their LTC for BTC or people who are angry that they "can't print free money" any more because of the difficulty increases for BTC and just want the whole project to come crashing down. |
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Well, bitcoin mining certainly won't net the casual miner a whole lot of profit these days, that's true.
But this thread highlights the biggest image problem for bitcoin today. People are still equating bitcoin with "printing your own money!" Hell, a good portion of people on these very forums still think in this paradigm (look at all the people whining about ASCI for proof of this).
There needs to be less and less discussion here and elsewhere about the USD value and mining of bitcoin, and what it can actually DO.
I would post in that thread on SETI, but it says I need more "credit". I have 365,000 credits, so who the frak knows what you need. Oh well.
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I would bet by the time the last bitocin is mined, about 50% of the all bitcoins will have been lost forever to wallets nobody can access anymore.
That is kind of an interesting thought. I've lost about .25BTC. I had a wallet on a virtual machine and had to restore it, but something happened (can't recall what exactly) and had some difficulties bringing it back up. For some reason my balance was .25BTC less than it should have. |
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Edit: I support BTC even though I support LTC. Most LTC supporters actually are pro bitcoin.
Which is funny because all you're doing is supporting the critics of both! |
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Litecoin is a failed currency, not a scam.
Failed project ≠ scam
The project itself is not a scam. But the people who try to convince you to participate in their penny stocks for no good reason are certainly scammers. |
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Isn't having competing coins bad for BTC? It just fragments the community?
Yes. None really offer anything substantially different than BTC and do nothing but give credit to a lot of the detractors that say "BTC is just a fad." BTC has gotten this far off merit and ingenuity. Altcoins do nothing but distract from the goals of this forum. BUT WHATEVS. |
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I'd rather mine cosbycoins than litecoins
I have a whole fridge full of cosbycoins. They are delicious. |
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Ok, so the original thread got moved...so you start another to point to the moved thread.
Quit spamming. Quit trying to con people. Quit trying to do whatever it is you're trying to do.
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Also, I have a bunch of penny stocks that are gonna explode! Buy them now so I can dump them..er...I mean...so you can become rich too?
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I fear necroing this post, but I've bought a few games from jjgames.com with bitcoins a few times and have always been happy with the product. Shipping time has always been excellent as well.
Just wanted to give this site a shout out.
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Death to all altcoins.
That is all.
Plus, I thought the original "point" of litecoin was that it was supposed to be only cpu mined. Lulz.
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Now is always the time to buy.
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