we don't bet high, since china is the biggest base of bitcoin mining/trading.
China is the biggest base for many other things. It is quite natural to be the biggest base for bitcoin mining/trading as well. I agree, but my concern is with their closed and ultra-controlling political system. since they're not a democracy, it's not good news for bitcoin that so much of it's structure is in the hands of a totalitarian regime... no? Don't let yourself be brainwashed by US propaganda machine. China is more democratic than US! In China political class is named "The Communist Party". If you want to make political career you have to be part of the communist party. They have 4 political wings competing for country's top leadership. In US political class is named "The Establishment". If you want to make political career you have to be part of the political establishment. They have only 2 political wings competing for country's top leadership. It is obvious in which of those countries you have de facto political monopoly and totalitarian regime. |
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we don't bet high, since china is the biggest base of bitcoin mining/trading.
China is the biggest base for many other things. It is quite natural to be the biggest base for bitcoin mining/trading as well. |
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All big blocktard trolls are out there whining hysterically.
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look at those full blocks! but it's ok, we'll have some more room sometime in the middle of next year.
I've never had any delays or other issues sending bitcoins. What is your problem with full blocks? The same problem I have flying coach. No elbow room. If you want elbow room fly business class and pay higher fees. Simple! Isn't it? That's why I don't fly at all. Are you starting to get it? It is your problem and nobody else's. The business of airports, airlines and airplane manufacturers is booming! Are you starting to get it? You really think so? Have you taken a look at the Boeing stock chart lately? I don't care about charts, paintings or other forms of graphic art, buddy. This business is for fine art galleries. What I do care about is company's long term order book! |
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look at those full blocks! but it's ok, we'll have some more room sometime in the middle of next year.
I've never had any delays or other issues sending bitcoins. What is your problem with full blocks? The same problem I have flying coach. No elbow room. If you want elbow room fly business class and pay higher fees. Simple! Isn't it? That's why I don't fly at all. Are you starting to get it? It is your problem and nobody else's. The business of airports, airlines and airplane manufacturers is booming! Are you starting to get it? |
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look at those full blocks! but it's ok, we'll have some more room sometime in the middle of next year.
I've never had any delays or other issues sending bitcoins. What is your problem with full blocks? The same problem I have flying coach. No elbow room. If you want elbow room fly business class and pay higher fees. Simple! Isn't it? |
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look at those full blocks! but it's ok, we'll have some more room sometime in the middle of next year.
I've never had any delays or other issues sending bitcoins. What is your problem with full blocks? |
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bitcoin is experiencing a huge pump right now i hope no one will dump it after the pump
Actually this is short covering. All big blocktards were caught off guard. |
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But then, they somehow also have to deal with the fact that in the white paper, Moses Satoshi mentions the terms "Electronic Cash" twice, "payment" (in a non-technical sense) 6 times, but the term "artificial scarcity driven clearance network" exactly zero times.
The title - "Bitcoin: A Peer-to-Peer Electronic Cash System". What Satoshi proposed is a monetary system, not a payment system. The monetary form is electronic cash under the name of Bitcoin. The blockchain is the system that ensures the very existence of the monetary form. You can have many different payment systems based on Bitcoin. It is all straight forward. What don't you understand? The logical fallacy of big blocktards is that they try to compete with fiat payment systems using bitcoin monetary system. It is a lost battle, dear big blocktards! To compete with Visa or PP you have to create payment systems BASED on the bitcoin blockchain, not use the blockchain itself! This is what LN and side chains are all about! there will either be a huge amounts of volume on the blockchain or not at all. It can be very easily dealt with. It's only a question of competing tx fees. You were told many times. You have just to listen. I'll repeat it once again for big blocktards that currently spend big money developing payment system apps that will never be used. Listen: Transactions on the bitcoin blockchain will be settlement layers clearing outstanding balances within or between different competing payment systems based on Bitcoin. It will be orders of magnitude better (more transparent, more auditable and much faster) than current world financial system. |
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But then, they somehow also have to deal with the fact that in the white paper, Moses Satoshi mentions the terms "Electronic Cash" twice, "payment" (in a non-technical sense) 6 times, but the term "artificial scarcity driven clearance network" exactly zero times.
The title - "Bitcoin: A Peer-to-Peer Electronic Cash System". What Satoshi proposed is a monetary system, not a payment system. The monetary form is electronic cash under the name of Bitcoin. The blockchain is the system that ensures the very existence of the monetary form. You can have many different payment systems based on Bitcoin. It is all straight forward. What don't you understand? The logical fallacy of big blocktards is that they try to compete with fiat payment systems using bitcoin monetary system. It is a lost battle, dear big blocktards! To compete with Visa or PP you have to create payment systems BASED on the bitcoin blockchain, not use the blockchain itself! This is what LN and side chains are all about! |
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Well, let's talk about mutiny.
I don't see any mutiny. I do see Harakiri ritual. After the XT fiasco Gavin decided to 'classically' double down. Obviously his master left him no choice but commit ritual suicide. |
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You know how the big-block arguments are basically bogus? ... in the end they are appealing to cult of personality (Saint Gavin will save them)
It is not so innocent. Gavin's 'vision' coincides with banksters narrative we hear every day - yes to bitcoin blockchain, no to bitcoin. For (basically) you don't have to have bitcoins to compete for blockchain inclusion. Unless you think $0.01 worth of bitcoin is considerable hedge against blockchain spam? You don't pay a penny. You pay a fraction of a bitcoin that was going up exponentially in value. Your coin has less chain-writing utility and so it doesn't appreciate as fast, if at all. Don't take my word for it. Look at the five year logarithmic chart. What are you blabbering about, bud? Learn the difference between a monetary system and a payment system! |
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You know how the big-block arguments are basically bogus? ... in the end they are appealing to cult of personality (Saint Gavin will save them)
It is not so innocent. Gavin's 'vision' coincides with banksters narrative we hear every day - yes to bitcoin blockchain, no to bitcoin. For (basically) you don't have to have bitcoins to compete for blockchain inclusion. Unless you think $0.01 worth of bitcoin is considerable hedge against blockchain spam? |
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it ain't free if ya gotta buy bitcoins to write there.
Yeah, it ain't free. You have to have $0.01 to write there... |
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I'll stick with Gavin and his future vision for Bitcoin.
Since when kicking the can down the road is a vision? Increase block size to 2MB, then to 4MB, then to 8MB, then 16MB, then to 32MB, then to... 1GB? Free space on the blockchain for every spammer. That is Gavin's 'vision'... |
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What price increase? The one that was followed by XT and 'classic' altcoin fork ultimatums. $200, $250, $300, $350, $400... The more irreversible and steady price increase is the more desperate are big blocktard ultimatums. That is obvious. Dude, we're still trading at less than half the ATH 27 months later. The logarithmic uptrend has broken and smallblockers broke it. Logarithmic uptrend?!... C'mon, buddy. You sound like you sold out all your bitcoins. Now what? Whiny ragequit?! |
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If you don't want to end up being part of big blocktard crowd just don't sell your bitcoins anticipating price drop. Simple as that!
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What price increase? The one that was followed by XT and 'classic' altcoin fork ultimatums. $200, $250, $300, $350, $400... The more irreversible and steady price increase is the more desperate are big blocktard ultimatums. That is obvious. |
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With every bitcoin price increase big blocktards are getting more desperate in their funny 'ultimatums'.
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This is where confusion comes in. Visa & PP aren't charging you for sending a verifiable, difficult-to-counterfeit digital packet. They're charging you for their services -- mediating disputes, chargebacks when enlightened counterparty fails to send you the stuff you've paid for, etc. Shit BTC simply can not, and thus doesn't, offer.
There is one epic difference, buddy. You CAN build Visa and PP like services on top of bitcoin, but you CAN NOT build bitcoin like services on top of Visa or PP! Moreover, Visa and PP services on top of bitcoin will be much more transparent and cheaper than current Visa and PP! |
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